First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 36.0%
			Collateralized Mortgage Obligations — 0.2%
			Federal Home Loan Mortgage Corporation
$	276,786		Series 2017-4656, Class EZ		4.00%		02/15/47		$	259,584
			Federal National Mortgage Association
	1,811,068		Series 2012-20, Class ZT		3.50%		03/25/42			1,695,993
	1,948,092		Series 2012-84, Class VZ		3.50%		08/25/42			1,813,033
	235,868		Series 2018-38, Class PA		3.50%		06/25/47			226,454
	662,865		Series 2018-43, Class CT		3.00%		06/25/48			593,579
	176,980		Series 2018-86, Class JA		4.00%		05/25/47			171,643
	86,008		Series 2018-94, Class KD		3.50%		12/25/48			81,035
	101,928		Series 2019-1, Class KP		3.25%		02/25/49			94,445
	62,323		Series 2019-20, Class BA		3.50%		02/25/48			60,555
	49,086		Series 2019-52, Class PA		3.00%		09/25/49			43,203
			Government National Mortgage Association
	179,728		Series 2018-115, Class DE		3.50%		08/20/48			171,279
	202,098		Series 2018-124, Class NW		3.50%		09/20/48			192,584
	354,822		Series 2019-12, Class QA		3.50%		09/20/48			341,055
	28,026		Series 2019-71, Class PT		3.00%		06/20/49			25,922
	383,108		Series 2019-119, Class JE		3.00%		09/20/49			347,612
										6,117,976
			Pass-through Securities — 35.8%
			Federal Home Loan Mortgage Corporation
	58,891		Pool C91981		3.00%		02/01/38			55,205
	52,943		Pool G07961		3.50%		03/01/45			49,846
	50,805		Pool G08692		3.00%		02/01/46			46,068
	1,474,845		Pool G08715		3.00%		08/01/46			1,336,179
	29,156		Pool G08721		3.00%		09/01/46			26,404
	334,621		Pool G08726		3.00%		10/01/46			303,626
	809,993		Pool G08732		3.00%		11/01/46			730,826
	106,417		Pool G08738		3.50%		12/01/46			99,718
	211,701		Pool G08741		3.00%		01/01/47			191,338
	147,947		Pool G08747		3.00%		02/01/47			133,711
	103,697		Pool G08748		3.50%		02/01/47			97,340
	479,855		Pool G08750		3.00%		03/01/47			433,509
	112,836		Pool G08766		3.50%		06/01/47			105,698
	299,468		Pool G08788		3.50%		11/01/47			280,307
	991,970		Pool G08792		3.50%		12/01/47			928,396
	134,424		Pool G08800		3.50%		02/01/48			125,711
	204,743		Pool G08816		3.50%		06/01/48			191,282
	57,793		Pool G08833		5.00%		07/01/48			58,584
	10,895		Pool G08838		5.00%		09/01/48			11,003
	191,674		Pool G08843		4.50%		10/01/48			190,347
	42,892		Pool G08844		5.00%		10/01/48			43,452
	118,559		Pool G08849		5.00%		11/01/48			119,835
	439,310		Pool G16085		2.50%		02/01/32			415,806
	266,567		Pool G16350		2.50%		10/01/32			252,285
	319,010		Pool G16396		3.50%		02/01/33			310,421
	921,436		Pool G16524		3.50%		05/01/33			896,576
	102,921		Pool G18670		3.00%		12/01/32			98,654
	29,989		Pool G18691		3.00%		06/01/33			28,375
	83,761		Pool G18713		3.50%		11/01/33			81,093
	1,312,593		Pool G60038		3.50%		01/01/44			1,240,580
	349,530		Pool G60080		3.50%		06/01/45			328,867

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Federal Home Loan Mortgage Corporation (Continued)
$	712,704		Pool G60344		4.00%		12/01/45		$	697,587
	227,470		Pool G60440		3.50%		03/01/46			213,647
	704,924		Pool G60582		3.50%		05/01/46			661,428
	670,967		Pool G60658		3.50%		07/01/46			635,730
	303,641		Pool G61556		3.50%		08/01/48			284,274
	2,072,530		Pool G61748		3.50%		11/01/48			1,939,910
	692,046		Pool G67700		3.50%		08/01/46			651,916
	1,552,084		Pool G67703		3.50%		04/01/47			1,455,033
	5,739,678		Pool G67706		3.50%		12/01/47			5,377,200
	1,410,779		Pool G67707		3.50%		01/01/48			1,322,554
	7,563,798		Pool G67708		3.50%		03/01/48			7,082,163
	1,442,411		Pool G67709		3.50%		03/01/48			1,355,623
	1,119,839		Pool G67710		3.50%		03/01/48			1,044,600
	1,635,896		Pool G67714		4.00%		07/01/48			1,590,566
	2,248,924		Pool G67717		4.00%		11/01/48			2,186,606
	3,472,703		Pool G67718		4.00%		01/01/49			3,366,808
	120,387		Pool Q44452		3.00%		11/01/46			108,769
	215,571		Pool Q50135		3.50%		08/01/47			201,867
	8,698,152		Pool QA7837		3.50%		03/01/50			8,136,856
	15,252,020		Pool QE0312		2.00%		04/01/52			12,598,903
	22,414,241		Pool QE0521		2.50%		04/01/52			19,246,248
	14,269,775		Pool RA3078		3.00%		07/01/50			12,799,154
	396,999		Pool RE6029		3.00%		02/01/50			348,781
	13,537,930		Pool SD0231		3.00%		01/01/50			12,181,406
	3,706,994		Pool SD7511		3.50%		01/01/50			3,444,068
	11,575,836		Pool SD7513		3.50%		04/01/50			10,806,336
	6,787,341		Pool SD7518		3.00%		06/01/50			6,107,210
	14,979,801		Pool SD8189		2.50%		01/01/52			12,835,234
	18,839,658		Pool SD8194		2.50%		02/01/52			16,164,069
	22,830,658		Pool SD8205		2.50%		04/01/52			19,570,783
	19,476,669		Pool SD8212		2.50%		05/01/52			16,696,453
	260,236		Pool U90772		3.50%		01/01/43			245,530
	317,581		Pool U99114		3.50%		02/01/44			299,639
	650,386		Pool ZA4692		3.50%		06/01/46			609,364
	312,234		Pool ZM0063		4.00%		08/01/45			305,280
	14,759,819		Pool ZM1779		3.00%		09/01/46			13,401,639
	3,161,148		Pool ZS4667		3.00%		06/01/46			2,863,948
	5,205,231		Pool ZS4688		3.00%		11/01/46			4,691,092
	8,427,059		Pool ZS4735		3.50%		09/01/47			7,776,847
	310,361		Pool ZS8602		3.00%		03/01/31			298,708
	608,885		Pool ZS9844		3.50%		07/01/46			570,353
	1,692,276		Pool ZT0277		3.50%		10/01/46			1,585,539
	761,071		Pool ZT0531		3.50%		04/01/47			712,677
	735,025		Pool ZT0536		3.50%		03/01/48			687,444
	2,341,327		Pool ZT0537		3.50%		03/01/48			2,197,979
	405,138		Pool ZT0542		4.00%		07/01/48			393,481
	86,426		Pool ZT1403		3.50%		11/01/33			83,583
	1,147,677		Pool ZT1703		4.00%		01/01/49			1,111,461
			Federal National Mortgage Association
	2,543,970		Pool AL8825		3.50%		06/01/46			2,384,153
	113,585		Pool AN2786		2.76%		09/01/36			94,476

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Federal National Mortgage Association (Continued)
$	1,067,600		Pool AS0225		4.00%		08/01/43		$	1,043,827
	1,352,055		Pool AS3134		3.50%		08/01/44			1,272,121
	314,156		Pool AS6620		3.50%		02/01/46			294,453
	99,110		Pool AS9334		3.00%		03/01/32			94,896
	75,495		Pool AS9749		4.00%		06/01/47			73,323
	79,064		Pool BD7081		4.00%		03/01/47			76,814
	5,976,602		Pool BE3774		4.00%		07/01/47			5,806,810
	775,067		Pool BJ2692		3.50%		04/01/48			724,123
	980,472		Pool BM1903		3.50%		08/01/47			917,758
	258,521		Pool BM2000		3.50%		05/01/47			243,018
	689,090		Pool BM3260		3.50%		01/01/48			644,153
	362,274		Pool BM4299		3.00%		03/01/30			351,116
	327,121		Pool BM4304		3.00%		02/01/30			317,431
	811,228		Pool BM4472		3.50%		07/01/48			758,497
	1,733,079		Pool BM5585		3.00%		11/01/48			1,558,225
	13,478,108		Pool BN7755		3.00%		09/01/49			12,128,440
	29,031,801		Pool BQ6913		2.00%		12/01/51			23,995,880
	48,154,969		Pool BQ7006		2.00%		01/01/52			39,794,481
	9,416,104		Pool BV8515		3.00%		05/01/52			8,349,131
	988,076		Pool CA0854		3.50%		12/01/47			923,747
	470,698		Pool CA0907		3.50%		12/01/47			440,054
	391,027		Pool CA0996		3.50%		01/01/48			365,529
	2,890,381		Pool CA1182		3.50%		02/01/48			2,701,903
	483,825		Pool CA1187		3.50%		02/01/48			453,561
	335,578		Pool CA1710		4.50%		05/01/48			332,450
	221,445		Pool CA1711		4.50%		05/01/48			219,279
	130,000		Pool CA2208		4.50%		08/01/48			128,964
	480,663		Pool CA2327		4.00%		09/01/48			467,874
	3,045,555		Pool CA3633		3.50%		06/01/49			2,839,629
	12,622,879		Pool CA4534		3.00%		11/01/49			11,358,619
	4,234,318		Pool FM2870		3.00%		03/01/50			3,791,649
	7,215,388		Pool FM5397		3.00%		12/01/50			6,482,811
	29,526,942		Pool FS1598		2.00%		04/01/52			24,393,512
	232,426		Pool MA1146		4.00%		08/01/42			225,011
	414,761		Pool MA1373		3.50%		03/01/43			390,893
	427,096		Pool MA2077		3.50%		11/01/34			412,817
	114,434		Pool MA2145		4.00%		01/01/45			111,886
	474,506		Pool MA2670		3.00%		07/01/46			429,297
	456,344		Pool MA2806		3.00%		11/01/46			411,958
	12,815		Pool MA2896		3.50%		02/01/47			11,992
	414,353		Pool MA3057		3.50%		07/01/47			387,923
	186,573		Pool MA3088		4.00%		08/01/47			180,609
	434,192		Pool MA3210		3.50%		12/01/47			405,118
	4,847,460		Pool MA3238		3.50%		01/01/48			4,533,709
	415,061		Pool MA3239		4.00%		01/01/48			400,358
	203,849		Pool MA3276		3.50%		02/01/48			190,535
	588,520		Pool MA3332		3.50%		04/01/48			549,025
	159,333		Pool MA3336		3.50%		04/01/38			150,851
	109,867		Pool MA3410		3.50%		07/01/33			106,241
	145,326		Pool MA3537		4.50%		12/01/48			144,145
	595,294		Pool MA3846		3.00%		11/01/49			527,976

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Federal National Mortgage Association (Continued)
$	9,481,835		Pool MA4093		2.00%		08/01/40		$	8,183,884
	6,539,295		Pool MA4128		2.00%		09/01/40			5,644,141
	7,271,457		Pool MA4152		2.00%		10/01/40			6,276,052
	3,908,321		Pool MA4176		2.00%		11/01/40			3,373,306
	13,914,213		Pool MA4364		2.00%		06/01/41			12,009,196
	19,017,027		Pool MA4548		2.50%		02/01/52			16,301,791
	76,775,000		Pool TBA (a)		3.00%		12/15/52			67,978,014
	46,525,000		Pool TBA (a)		4.00%		12/15/52			44,007,924
	132,150,000		Pool TBA (a)		4.50%		12/15/52			128,660,414
	97,225,000		Pool TBA (a)		5.00%		12/15/52			96,769,258
	154,900,000		Pool TBA (a)		2.00%		01/15/53			127,780,398
	129,225,000		Pool TBA (a)		2.50%		01/15/53			110,714,529
			Government National Mortgage Association
	185,021		Pool MA1157		3.50%		07/20/43			176,339
	545,996		Pool MA2825		3.00%		05/20/45			506,209
	183,777		Pool MA3521		3.50%		03/20/46			173,928
	7,809,620		Pool MA3662		3.00%		05/20/46			7,197,559
	705,400		Pool MA3663		3.50%		05/20/46			668,085
	476,228		Pool MA3735		3.00%		06/20/46			438,096
	9,693,504		Pool MA3937		3.50%		09/20/46			9,185,597
	133,866		Pool MA4069		3.50%		11/20/46			126,101
	77,363		Pool MA4195		3.00%		01/20/47			70,698
	92,353		Pool MA4196		3.50%		01/20/47			87,220
	463,379		Pool MA4261		3.00%		02/20/47			423,692
	118,644		Pool MA4262		3.50%		02/20/47			111,955
	3,000,702		Pool MA4322		4.00%		03/20/47			2,909,138
	3,163,189		Pool MA4382		3.50%		04/20/47			2,973,186
	37,523		Pool MA4453		4.50%		05/20/47			37,480
	39,796		Pool MA4586		3.50%		07/20/47			37,406
	258,777		Pool MA4588		4.50%		07/20/47			257,812
	698,719		Pool MA4651		3.00%		08/20/47			639,169
	1,009,247		Pool MA4652		3.50%		08/20/47			951,261
	349,433		Pool MA4719		3.50%		09/20/47			330,855
	42,048		Pool MA4722		5.00%		09/20/47			42,729
	34,797		Pool MA4777		3.00%		10/20/47			31,842
	872,820		Pool MA4778		3.50%		10/20/47			822,627
	833,053		Pool MA4836		3.00%		11/20/47			765,366
	866,143		Pool MA4837		3.50%		11/20/47			815,629
	289,863		Pool MA4838		4.00%		11/20/47			281,100
	48,055		Pool MA4901		4.00%		12/20/47			46,603
	223,430		Pool MA4961		3.00%		01/20/48			205,075
	301,407		Pool MA4962		3.50%		01/20/48			284,040
	436,915		Pool MA4963		4.00%		01/20/48			423,598
	221,544		Pool MA5078		4.00%		03/20/48			214,850
	604,123		Pool MA5136		3.50%		04/20/48			569,318
	462,090		Pool MA5399		4.50%		08/20/48			458,916
	183,338		Pool MA5466		4.00%		09/20/48			176,743
	48,683		Pool MA5467		4.50%		09/20/48			48,339
	130,188		Pool MA5597		5.00%		11/20/48			131,001
	143,835		Pool MA5976		3.50%		06/20/49			132,757
	38,006		Pool MA6030		3.50%		07/20/49			35,016

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Government National Mortgage Association (Continued)
$	207,303		Pool MA6080		3.00%		08/20/49		$	186,045
	53,275,000		Pool TBA (a)		2.50%		12/15/52			46,840,379
										1,101,063,105
			Total U.S. Government Agency Mortgage-Backed Securities							1,107,181,081
			(Cost $1,147,207,674)
CORPORATE BONDS AND NOTES — 25.0%
			Aerospace/Defense — 0.4%
	3,208,000		BAE Systems Holdings, Inc. (b)		3.85%		12/15/25			3,092,587
	8,500,000		Boeing (The) Co.		1.43%		02/04/24			8,116,466
	1,610,000		Boeing (The) Co.		4.88%		05/01/25			1,595,995
										12,805,048
			Agriculture — 0.6%
	3,715,000		BAT Capital Corp.		3.56%		08/15/27			3,391,356
	1,400,000		BAT Capital Corp.		2.73%		03/25/31			1,103,717
	4,530,000		BAT Capital Corp.		4.39%		08/15/37			3,573,139
	1,855,000		BAT Capital Corp.		4.54%		08/15/47			1,348,167
	2,500,000		BAT Capital Corp.		5.65%		03/16/52			2,095,383
	4,250,000		Reynolds American, Inc.		5.70%		08/15/35			3,930,904
	3,735,000		Reynolds American, Inc.		5.85%		08/15/45			3,270,362
										18,713,028
			Airlines — 0.5%
	863,597		American Airlines Pass-Through Trust, Series 2014-1, Class A		3.70%		10/01/26			740,778
	103,814		American Airlines Pass-Through Trust, Series 2015-2, Class AA		3.60%		09/22/27			93,886
	3,571,897		American Airlines Pass-Through Trust, Series 2016-1, Class AA		3.58%		01/15/28			3,210,893
	4,402,061		Delta Air Lines Pass-Through Trust, Series 2020-1, Class AA		2.00%		06/10/28			3,781,924
	7,822,134		JetBlue Pass-Through Trust, Series 2020-1, Class A		4.00%		11/15/32			6,993,314
	348,413		US Airways Pass-Through Trust, Series 2012-1, Class A		5.90%		10/01/24			336,674
										15,157,469
			Banks — 8.5%
	4,565,000		Bank of America Corp. (c)		3.00%		12/20/23			4,559,714
	9,965,000		Bank of America Corp. (c)		3.37%		01/23/26			9,533,250
	325,000		Bank of America Corp. (c)		1.73%		07/22/27			284,971
	4,765,000		Bank of America Corp. (c)		2.69%		04/22/32			3,865,496
	3,165,000		Bank of America Corp. (c)		2.57%		10/20/32			2,522,625
	18,465,000		Bank of America Corp., Series N (c)		1.66%		03/11/27			16,371,517
	1,300,000		Bank of America Corp., Series N (c)		2.65%		03/11/32			1,056,056
	1,500,000		Bank of America Corp., Medium-Term Note (c)		1.32%		06/19/26			1,354,000
	1,345,000		Bank of America Corp., Medium-Term Note (c)		3.97%		03/05/29			1,250,420
	11,320,000		Bank of America Corp., Medium-Term Note (c)		2.09%		06/14/29			9,564,463
	2,839,000		Bank of America Corp., Medium-Term Note (c)		3.97%		02/07/30			2,613,808
	5,265,000		Bank of America Corp., Medium-Term Note (c)		1.92%		10/24/31			4,083,655
	2,180,000		Citigroup, Inc. (c)		0.98%		05/01/25			2,034,367
	2,375,000		Citigroup, Inc. (c)		3.52%		10/27/28			2,174,599
	4,110,000		Citigroup, Inc. (c)		2.98%		11/05/30			3,509,392

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Banks (Continued)
$	2,000,000		Citigroup, Inc. (c)		2.67%		01/29/31		$	1,662,423
	1,670,000		Citigroup, Inc. (c)		4.41%		03/31/31			1,554,281
	6,040,000		Citigroup, Inc. (c)		2.57%		06/03/31			4,956,858
	720,000		Citigroup, Inc. (c)		2.56%		05/01/32			576,617
	15,740,000		Citigroup, Inc. (c)		3.06%		01/25/33			12,949,629
	5,140,000		Goldman Sachs Group (The), Inc.		3.20%		02/23/23			5,121,803
	10,000,000		Goldman Sachs Group (The), Inc.		1.22%		12/06/23			9,642,647
	1,995,000		Goldman Sachs Group (The), Inc. (c)		0.93%		10/21/24			1,903,113
	950,000		Goldman Sachs Group (The), Inc. (c)		3.27%		09/29/25			915,095
	9,860,000		Goldman Sachs Group (The), Inc. (c)		1.43%		03/09/27			8,674,484
	9,105,000		Goldman Sachs Group (The), Inc. (c)		1.54%		09/10/27			7,871,826
	1,345,000		Goldman Sachs Group (The), Inc. (c)		1.99%		01/27/32			1,039,704
	7,710,000		Goldman Sachs Group (The), Inc. (c)		2.38%		07/21/32			6,096,195
	6,060,000		Goldman Sachs Group (The), Inc. (c)		2.65%		10/21/32			4,871,820
	13,465,000		JPMorgan Chase & Co. (c)		0.97%		06/23/25			12,523,830
	8,015,000		JPMorgan Chase & Co. (c)		1.56%		12/10/25			7,405,931
	1,895,000		JPMorgan Chase & Co. (c)		2.01%		03/13/26			1,761,731
	2,585,000		JPMorgan Chase & Co. (c)		3.96%		01/29/27			2,485,350
	10,455,000		JPMorgan Chase & Co. (c)		1.58%		04/22/27			9,236,212
	2,625,000		JPMorgan Chase & Co. (c)		2.74%		10/15/30			2,232,357
	8,025,000		JPMorgan Chase & Co. (c)		2.58%		04/22/32			6,512,884
	4,790,000		JPMorgan Chase & Co. (c)		2.55%		11/08/32			3,837,474
	495,000		Morgan Stanley (c)		0.99%		12/10/26			434,342
	1,990,000		Morgan Stanley (c)		2.48%		09/16/36			1,480,739
	2,350,000		Morgan Stanley (c)		5.30%		04/20/37			2,190,257
	7,135,000		Morgan Stanley, Global Medium-Term Note (c)		1.51%		07/20/27			6,212,207
	760,000		Morgan Stanley, Global Medium-Term Note (c)		2.24%		07/21/32			593,279
	13,355,000		Morgan Stanley, Medium-Term Note (c)		1.16%		10/21/25			12,223,301
	8,125,000		Morgan Stanley, Medium-Term Note (c)		1.93%		04/28/32			6,240,956
	3,200,000		Morgan Stanley, Medium-Term Note (c)		2.51%		10/20/32			2,547,463
	3,030,000		PNC Financial Services Group (The), Inc. (c)		6.04%		10/28/33			3,185,529
	3,080,000		US Bancorp (c)		5.85%		10/21/33			3,213,516
	4,385,000		Wells Fargo & Co. (c)		2.19%		04/30/26			4,086,115
	10,185,000		Wells Fargo & Co., Medium-Term Note (c)		3.53%		03/24/28			9,468,775
	9,444,000		Wells Fargo & Co., Medium-Term Note (c)		2.39%		06/02/28			8,358,074
	5,790,000		Wells Fargo & Co., Medium-Term Note (c)		2.88%		10/30/30			4,985,915
	15,370,000		Wells Fargo & Co., Medium-Term Note (c)		3.35%		03/02/33			13,159,481
	3,350,000		Wells Fargo & Co., Medium-Term Note (c)		4.90%		07/25/33			3,230,599
										260,221,145
			Beverages — 0.1%
	200,000		Anheuser-Busch InBev Worldwide, Inc.		4.44%		10/06/48			176,174
	4,300,000		Constellation Brands, Inc.		2.88%		05/01/30			3,705,257
										3,881,431
			Biotechnology — 0.1%
	1,412,000		Amgen, Inc.		4.40%		05/01/45			1,222,067
	3,010,000		Regeneron Pharmaceuticals, Inc.		1.75%		09/15/30			2,367,456
										3,589,523
			Chemicals — 0.2%
	4,758,000		International Flavors & Fragrances, Inc. (b)		2.30%		11/01/30			3,743,864

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Chemicals (Continued)
$	3,114,000		International Flavors & Fragrances, Inc.		5.00%		09/26/48		$	2,690,917
										6,434,781
			Commercial Services — 0.1%
	1,730,000		Global Payments, Inc.		5.40%		08/15/32			1,662,059
	2,366,000		Global Payments, Inc.		5.95%		08/15/52			2,167,881
										3,829,940
			Diversified Financial Services — 0.6%
	1,890,000		Air Lease Corp.		3.25%		03/01/25			1,792,724
	940,000		Air Lease Corp.		3.38%		07/01/25			887,755
	3,000,000		Air Lease Corp.		4.63%		10/01/28			2,805,266
	360,000		Air Lease Corp., Medium-Term Note		2.30%		02/01/25			335,343
	7,930,000		Capital One Financial Corp. (c)		1.34%		12/06/24			7,567,716
	3,755,000		Discover Financial Services		3.95%		11/06/24			3,654,454
	450,000		Raymond James Financial, Inc.		4.95%		07/15/46			409,526
										17,452,784
			Electric — 1.6%
	1,000,000		AEP Transmission Co. LLC		3.75%		12/01/47			780,709
	4,128,000		Alliant Energy Finance LLC (b)		3.75%		06/15/23			4,094,938
	2,655,000		Alliant Energy Finance LLC (b)		1.40%		03/15/26			2,286,490
	200,000		Ameren Illinois Co.		3.70%		12/01/47			160,178
	3,000,000		Appalachian Power Co., Series Z		3.70%		05/01/50			2,217,343
	750,000		Cleco Power LLC		6.00%		12/01/40			717,960
	500,000		Consolidated Edison Co. of New York, Inc.		4.50%		05/15/58			420,966
	1,695,000		Dominion Energy, Inc., Series A		3.30%		03/15/25			1,630,836
	5,150,000		Duke Energy Corp.		2.55%		06/15/31			4,240,186
	2,000,000		Duke Energy Corp.		3.85%		06/15/34			2,005,741
	750,000		Entergy Texas, Inc.		3.45%		12/01/27			695,758
	9,101,000		FirstEnergy Transmission LLC (b)		2.87%		09/15/28			7,952,718
	3,855,000		Interstate Power and Light Co.		2.30%		06/01/30			3,178,546
	1,500,000		ITC Holdings Corp. (b)		2.95%		05/14/30			1,275,683
	1,750,000		Jersey Central Power & Light Co. (b)		4.30%		01/15/26			1,692,778
	830,000		Metropolitan Edison Co. (b)		4.00%		04/15/25			794,928
	2,253,000		Metropolitan Edison Co. (b)		4.30%		01/15/29			2,127,635
	10,000,000		Niagara Mohawk Power Corp. (b)		3.03%		06/27/50			6,240,335
	825,000		Public Service Co. of New Mexico		3.85%		08/01/25			792,670
	3,480,000		Southwestern Public Service Co., Series 9		5.15%		06/01/52			3,199,665
	700,000		Trans-Allegheny Interstate Line Co. (b)		3.85%		06/01/25			677,247
	1,505,000		Xcel Energy, Inc.		4.80%		09/15/41			1,344,487
										48,527,797
			Entertainment — 0.5%
	9,840,000		Warnermedia Holdings, Inc. (b)		5.05%		03/15/42			7,888,785
	11,190,000		Warnermedia Holdings, Inc. (b)		5.14%		03/15/52			8,683,497
										16,572,282
			Food — 0.3%
	643,000		Chobani LLC / Chobani Finance Corp., Inc. (b)		4.63%		11/15/28			567,324
	5,885,000		Kraft Heinz Foods Co.		5.20%		07/15/45			5,576,419
	3,570,000		Pilgrim’s Pride Corp. (b)		3.50%		03/01/32			2,878,152
										9,021,895

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Gas — 0.1%
$	500,000		Piedmont Natural Gas Co., Inc.		3.35%		06/01/50		$	346,835
	3,856,000		Southern Co. Gas Capital Corp.		5.88%		03/15/41			3,850,867
	200,000		Spire, Inc.		3.54%		02/27/24			195,245
										4,392,947
			Healthcare-Products — 0.3%
	525,000		Alcon Finance Corp. (b)		2.75%		09/23/26			481,556
	1,500,000		Alcon Finance Corp. (b)		2.60%		05/27/30			1,261,650
	3,015,000		DENTSPLY SIRONA, Inc.		3.25%		06/01/30			2,501,613
	5,000,000		PerkinElmer, Inc.		2.55%		03/15/31			4,062,037
										8,306,856
			Healthcare-Services — 1.4%
	2,105,000		Bon Secours Mercy Health, Inc., Series 20-2		2.10%		06/01/31			1,672,244
	1,845,000		Centene Corp.		4.25%		12/15/27			1,734,697
	9,311,000		Centene Corp.		2.45%		07/15/28			7,839,659
	2,982,000		Centene Corp.		3.00%		10/15/30			2,464,026
	2,135,000		CommonSpirit Health		2.76%		10/01/24			2,043,268
	1,985,000		CommonSpirit Health		3.35%		10/01/29			1,729,233
	475,000		CommonSpirit Health		2.78%		10/01/30			383,636
	3,250,000		HCA, Inc. (b)		3.13%		03/15/27			2,957,968
	8,233,000		HCA, Inc.		4.13%		06/15/29			7,532,312
	3,800,000		HCA, Inc.		3.50%		09/01/30			3,272,674
	3,250,000		HCA, Inc. (b)		3.63%		03/15/32			2,781,063
	4,330,000		HCA, Inc. (b)		4.63%		03/15/52			3,497,439
	500,000		Humana, Inc.		3.15%		12/01/22			500,000
	360,000		Humana, Inc.		2.90%		12/15/22			359,765
	140,000		Molina Healthcare, Inc. (b)		4.38%		06/15/28			128,634
	1,803,000		Molina Healthcare, Inc. (b)		3.88%		05/15/32			1,523,427
	200,000		New York and Presbyterian (The) Hospital		3.56%		08/01/36			170,271
	160,000		UnitedHealth Group, Inc.		4.45%		12/15/48			143,997
	2,630,000		Universal Health Services, Inc. (b)		1.65%		09/01/26			2,258,557
										42,992,870
			Insurance — 1.4%
	2,465,000		Aon Corp. / Aon Global Holdings PLC		3.90%		02/28/52			1,923,223
	5,090,000		Athene Global Funding, SOFR + 0.70% (b) (d)		4.50%		05/24/24			4,993,142
	2,145,000		Athene Global Funding (b)		3.21%		03/08/27			1,927,756
	5,585,000		Athene Global Funding (b)		1.99%		08/19/28			4,539,025
	2,605,000		Athene Global Funding (b)		2.72%		01/07/29			2,172,965
	1,650,000		Farmers Exchange Capital (b)		7.05%		07/15/28			1,712,680
	2,200,000		Farmers Exchange Capital II (b) (c)		6.15%		11/01/53			2,122,506
	1,770,000		Farmers Exchange Capital III (b) (c)		5.45%		10/15/54			1,602,898
	600,000		Farmers Insurance Exchange (b)		8.63%		05/01/24			620,216
	3,495,000		Farmers Insurance Exchange (b) (c)		4.75%		11/01/57			2,873,425
	7,000,000		National General Holdings Corp. (b)		6.75%		05/15/24			7,013,552
	1,525,000		Nationwide Mutual Insurance Co., 3 Mo. LIBOR + 2.29% (b) (d)		5.58%		12/15/24			1,525,077
	3,630,000		New York Life Insurance Co. (b)		3.75%		05/15/50			2,795,260
	1,790,000		Teachers Insurance & Annuity Association of America (b)		4.90%		09/15/44			1,674,490
	3,910,000		Teachers Insurance & Annuity Association of America (b)		4.27%		05/15/47			3,298,965
	1,980,000		Teachers Insurance & Annuity Association of America (b) (c)		4.38%		09/15/54			1,893,327
										42,688,507

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Internet — 0.1%
$	1,945,000		Netflix, Inc.		4.63%		05/15/29		$	2,027,770
			Lodging — 0.1%
	4,385,000		Hyatt Hotels Corp.		1.80%		10/01/24			4,111,116
			Media — 1.0%
	875,000		Cable One, Inc. (b)		4.00%		11/15/30			706,252
	1,475,000		Charter Communications Operating LLC / Charter Communications Operating Capital		4.91%		07/23/25			1,452,603
	1,410,000		Charter Communications Operating LLC / Charter Communications Operating Capital		2.30%		02/01/32			1,058,323
	1,471,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.38%		04/01/38			1,260,438
	6,920,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.38%		05/01/47			5,732,775
	1,960,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.25%		04/01/53			1,578,016
	3,570,000		Cox Communications, Inc. (b)		2.60%		06/15/31			2,864,147
	4,670,000		Cox Enterprises, Inc. (b)		7.38%		07/15/27			4,970,943
	8,275,000		Diamond Sports Group LLC / Diamond Sports Finance Co. (b)		5.38%		08/15/26			1,355,312
	3,000,000		Paramount Global		4.20%		05/19/32			2,492,100
	8,320,000		Time Warner Cable LLC		5.50%		09/01/41			7,092,985
										30,563,894
			Miscellaneous Manufacturing — 0.1%
	943,000		General Electric Co., Medium-Term Note, 3 Mo. LIBOR + 0.38% (d)		4.91%		05/05/26			903,537
	1,304,000		General Electric Co., Medium-Term Note		6.75%		03/15/32			1,482,192
										2,385,729
			Oil & Gas — 0.0%
	400,000		Hess Corp.		5.60%		02/15/41			386,434
			Packaging & Containers — 0.5%
	3,000,000		Amcor Finance USA, Inc.		3.63%		04/28/26			2,843,892
	1,000,000		Amcor Flexibles North America, Inc.		2.63%		06/19/30			816,277
	4,157,000		Berry Global, Inc.		1.57%		01/15/26			3,708,044
	2,125,000		Berry Global, Inc. (b)		4.88%		07/15/26			2,041,657
	2,650,000		Berry Global, Inc.		1.65%		01/15/27			2,237,996
	3,670,000		WRKCo, Inc.		3.00%		06/15/33			2,936,600
										14,584,466
			Pharmaceuticals — 1.3%
	4,997,000		AbbVie, Inc.		4.50%		05/14/35			4,738,086
	1,045,000		Bayer US Finance II LLC (b)		3.38%		07/15/24			1,013,878
	625,000		Bayer US Finance II LLC (b)		2.85%		04/15/25			587,014
	7,880,000		Bayer US Finance II LLC (b)		4.25%		12/15/25			7,645,531
	3,160,000		Bayer US Finance II LLC (b)		4.38%		12/15/28			3,002,556
	815,000		Bayer US Finance II LLC (b)		4.63%		06/25/38			707,589
	1,750,000		Bayer US Finance II LLC (b)		4.40%		07/15/44			1,390,113
	2,540,000		Bayer US Finance II LLC (b)		4.88%		06/25/48			2,219,610
	2,107,000		Becton Dickinson and Co.		3.73%		12/15/24			2,057,004
	2,000,000		Cigna Corp.		3.40%		03/01/27			1,890,521
	75,000		Cigna Corp.		3.05%		10/15/27			69,282
	2,060,000		Cigna Corp.		3.88%		10/15/47			1,633,532

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Pharmaceuticals (Continued)
$	1,279,000		Cigna Corp.		3.40%		03/15/51		$	935,677
	1,225,000		CVS Health Corp.		1.75%		08/21/30			976,918
	1,850,000		CVS Health Corp.		5.13%		07/20/45			1,729,651
	10,430,000		CVS Health Corp.		5.05%		03/25/48			9,698,885
										40,295,847
			Pipelines — 0.8%
	583,000		Energy Transfer L.P.		5.50%		06/01/27			582,504
	2,030,000		Energy Transfer L.P.		4.95%		06/15/28			1,966,052
	3,200,000		Energy Transfer L.P.		4.90%		03/15/35			2,888,594
	260,000		Energy Transfer L.P.		5.15%		03/15/45			222,685
	2,600,000		Energy Transfer L.P.		6.13%		12/15/45			2,469,396
	3,606,000		Energy Transfer L.P.		5.40%		10/01/47			3,118,318
	1,135,000		Energy Transfer L.P.		6.25%		04/15/49			1,076,837
	3,601,000		Energy Transfer L.P.		5.00%		05/15/50			2,973,518
	3,640,000		NGPL PipeCo LLC (b)		4.88%		08/15/27			3,467,811
	150,000		Plains All American Pipeline L.P. / PAA Finance Corp.		2.85%		01/31/23			149,429
	425,000		Plains All American Pipeline L.P. / PAA Finance Corp.		3.55%		12/15/29			370,783
	1,350,000		Plains All American Pipeline L.P. / PAA Finance Corp.		3.80%		09/15/30			1,183,888
	716,000		Rockies Express Pipeline LLC (b)		4.95%		07/15/29			645,136
	1,500,000		Rockies Express Pipeline LLC (b)		4.80%		05/15/30			1,278,818
	1,360,000		Rockies Express Pipeline LLC (b)		6.88%		04/15/40			1,134,696
	329,909		Ruby Pipeline LLC (e) (f) (g)		8.00%		04/01/22			321,661
										23,850,126
			Real Estate Investment Trusts — 1.5%
	612,000		Alexandria Real Estate Equities, Inc.		4.50%		07/30/29			580,532
	500,000		American Assets Trust L.P.		3.38%		02/01/31			403,731
	184,000		CubeSmart L.P.		2.25%		12/15/28			152,068
	750,000		CubeSmart L.P.		4.38%		02/15/29			700,994
	1,135,000		CubeSmart L.P.		2.50%		02/15/32			874,174
	615,000		Extra Space Storage L.P.		2.55%		06/01/31			485,325
	1,210,000		GLP Capital L.P. / GLP Financing II, Inc.		5.30%		01/15/29			1,139,215
	10,798,000		GLP Capital L.P. / GLP Financing II, Inc.		4.00%		01/15/30			9,382,112
	1,722,000		GLP Capital L.P. / GLP Financing II, Inc.		3.25%		01/15/32			1,362,013
	895,000		Healthcare Realty Holdings L.P.		3.63%		01/15/28			798,438
	2,000,000		Healthcare Realty Holdings L.P.		3.10%		02/15/30			1,680,849
	7,235,000		Healthcare Realty Holdings L.P.		2.00%		03/15/31			5,501,719
	3,930,000		Hudson Pacific Properties L.P.		3.95%		11/01/27			3,333,612
	1,000,000		Hudson Pacific Properties L.P.		4.65%		04/01/29			872,070
	740,000		Invitation Homes Operating Partnership L.P.		2.30%		11/15/28			612,599
	860,000		Kilroy Realty L.P.		2.50%		11/15/32			623,282
	1,093,000		Kilroy Realty L.P.		2.65%		11/15/33			778,970
	1,135,000		Life Storage L.P.		2.20%		10/15/30			885,307
	1,605,000		LXP Industrial Trust		2.70%		09/15/30			1,287,082
	1,837,000		LXP Industrial Trust		2.38%		10/01/31			1,399,711
	350,000		Piedmont Operating Partnership L.P.		3.40%		06/01/23			349,547
	670,000		Piedmont Operating Partnership L.P.		3.15%		08/15/30			520,889
	1,000,000		Ventas Realty L.P.		2.65%		01/15/25			944,768
	205,000		VICI Properties L.P.		4.95%		02/15/30			194,065
	6,178,000		VICI Properties L.P.		5.13%		05/15/32			5,802,779
	350,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.63%		06/15/25			335,352
	1,275,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.50%		09/01/26			1,195,421

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Real Estate Investment Trusts (Continued)
$	1,425,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		5.75%		02/01/27		$	1,382,652
	195,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		3.75%		02/15/27			176,164
	750,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.50%		01/15/28			687,148
	2,930,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		3.88%		02/15/29			2,575,171
										47,017,759
			Retail — 0.3%
	7,335,000		7-Eleven, Inc. (b)		0.80%		02/10/24			6,961,158
	5,035,000		Michaels (The) Cos., Inc. (b)		7.88%		05/01/29			2,986,384
										9,947,542
			Semiconductors — 0.1%
	2,540,000		Broadcom, Inc. (b)		3.42%		04/15/33			2,066,055
	2,000,000		Broadcom, Inc. (b)		3.47%		04/15/34			1,589,548
										3,655,603
			Software — 0.4%
	1,400,000		Fiserv, Inc.		2.25%		06/01/27			1,250,868
	510,000		Fiserv, Inc.		2.65%		06/01/30			432,179
	10,000		Oracle Corp.		2.88%		03/25/31			8,375
	3,000,000		Oracle Corp.		4.13%		05/15/45			2,293,813
	2,050,000		Oracle Corp.		4.00%		11/15/47			1,518,496
	2,535,000		Oracle Corp.		3.60%		04/01/50			1,767,700
	3,397,000		Oracle Corp.		3.95%		03/25/51			2,490,434
	1,510,000		Oracle Corp.		6.90%		11/09/52			1,675,353
										11,437,218
			Telecommunications — 2.1%
	3,175,000		AT&T, Inc.		4.50%		05/15/35			2,912,285
	3,500,000		AT&T, Inc.		5.25%		03/01/37			3,423,416
	145,000		AT&T, Inc.		4.30%		12/15/42			121,593
	6,270,000		AT&T, Inc.		4.75%		05/15/46			5,469,092
	3,880,000		AT&T, Inc.		4.50%		03/09/48			3,244,104
	1,382,000		AT&T, Inc.		3.80%		12/01/57			1,005,376
	4,525,000		Level 3 Financing, Inc. (b)		3.75%		07/15/29			3,278,223
	4,500,000		SES GLOBAL Americas Holdings, Inc. (b)		5.30%		03/25/44			3,531,226
	4,446,875		Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC (b)		4.74%		03/20/25			4,391,611
	21,145,000		Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC (b)		5.15%		03/20/28			20,827,545
	3,415,000		T-Mobile USA, Inc.		3.75%		04/15/27			3,237,019
	6,980,000		T-Mobile USA, Inc.		3.88%		04/15/30			6,417,415
	8,231,000		T-Mobile USA, Inc.		2.55%		02/15/31			6,832,957
	750,000		T-Mobile USA, Inc.		4.50%		04/15/50			634,745
										65,326,607
			Total Corporate Bonds and Notes							770,178,414
			(Cost $884,005,472)

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT BONDS AND NOTES — 14.5%
$	164,309,000		U.S. Treasury Bond		2.00%		11/15/41		$	119,759,439
	90,055,000		U.S. Treasury Bond		2.38%		02/15/42			70,105,707
	52,470,000		U.S. Treasury Bond		4.00%		11/15/52			54,585,197
	4,596,615		U.S. Treasury Inflation Indexed Note (h)		0.63%		07/15/32			4,327,526
	29,845,000		U.S. Treasury Note		4.50%		11/30/24			29,935,934
	69,840,000		U.S. Treasury Note		4.13%		10/31/27			70,737,553
	93,170,000		U.S. Treasury Note		3.88%		11/30/27			93,526,666
	2,480,000		U.S. Treasury Note		4.13%		11/15/32			2,577,262
			Total U.S. Government Bonds and Notes							445,555,284
			(Cost $477,893,242)
ASSET-BACKED SECURITIES — 13.7%
			ACE Securities Corp. Home Equity Loan Trust
	14,815,425		Series 2007-HE1, Class A1, 1 Mo. LIBOR + 0.30% (d)		4.34%		01/25/37			7,798,512
	12,832,388		Series 2007-WM2, Class A1, 1 Mo. LIBOR + 0.21% (d)		4.25%		02/25/37			5,746,581
			AGL CLO Ltd.
	13,000,000		Series 2021-12A, Class A1, 3 Mo. LIBOR + 1.16% (b) (d)		5.40%		07/20/34			12,655,500
			AMMC CLO Ltd.
	1,063,393		Series 2016-19A, Class AR, 3 Mo. LIBOR + 1.14% (b) (d)		5.22%		10/16/28			1,060,631
			AMSR Trust
	5,000,000		Series 2021-SFR3, Class G (b)		3.80%		10/17/38			4,190,637
			Argent Securities, Inc.
	114,058		Series 2005-W2, Class M1, 1 Mo. LIBOR + 0.74% (d)		4.78%		10/25/35			110,326
			Asset Backed Funding Certificates Trust
	8,475,994		Series 2006-HE1, Class A2B, 1 Mo. LIBOR + 0.11% (d)		4.15%		01/25/37			4,952,266
			Bardot CLO Ltd.
	10,400,000		Series 2019-2A, Class BR, 3 Mo. LIBOR + 1.60% (b) (d)		5.92%		10/22/32			10,045,958
			Barings CLO Ltd.
	263,353		Series 2013-IA, Class AR, 3 Mo. LIBOR + 0.80% (b) (d)		5.04%		01/20/28			261,371
	12,500,000		Series 2019-2A, Class A2R, 3 Mo. LIBOR + 1.70% (b) (d)		5.78%		04/15/36			11,916,662
			Brazos Higher Education Authority, Inc.
	274,405		Series 2011-2, Class A3, 3 Mo. LIBOR + 1.00% (d)		5.36%		10/27/36			271,305
			Carrington Mortgage Loan Trust
	18,000,000		Series 2006-NC4, Class A4, 1 Mo. LIBOR + 0.24% (d)		4.28%		10/25/36			14,177,140
	569,872		Series 2006-OPT1, Class M1, 1 Mo. LIBOR + 0.53% (d)		4.57%		02/25/36			556,974
			Carvana Auto Receivables Trust
	70,350		Series 2022-P3, Class R (b)		(i)		09/10/29			13,259,638
			CF Hippolyta Issuer LLC
	9,408,779		Series 2020-1, Class A1 (b)		1.69%		07/15/60			8,340,109
			CIFC Funding Ltd.
	5,610,000		Series 2021-7A, Class A1, 3 Mo. LIBOR + 1.13% (b) (d)		5.45%		01/23/35			5,446,924
			Citigroup Mortgage Loan Trust
	277,213		Series 2006-HE2, Class M1, 1 Mo. LIBOR + 0.44% (d)		4.45%		08/25/36			275,413
			Dryden Senior Loan Fund
	810,702		Series 2013-26A, Class AR, 3 Mo. LIBOR + 0.90% (b) (d)		4.98%		04/15/29			798,501
	569,518		Series 2013-28A, Class A1LR, 3 Mo. LIBOR + 1.20% (b) (d)		5.81%		08/15/30			563,638
			ECMC Group Student Loan Trust
	1,503,039		Series 2017-2A, Class A, 1 Mo. LIBOR + 1.05% (b) (d)		5.07%		05/25/67			1,445,983
			EFS Volunteer No 3 LLC
	80,613		Series 2012-1, Class A3, 1 Mo. LIBOR + 1.00% (b) (d)		5.02%		04/25/33			79,682

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Elmwood CLO VI Ltd.
$	13,400,000		Series 2020-3A, Class BR, 3 Mo. LIBOR + 1.65% (b) (d)		5.89%		10/20/34		$	12,837,152
			First Franklin Mortgage Loan Trust
	16,365,876		Series 2006-FF13, Class A2C, 1 Mo. LIBOR + 0.32% (d)		4.36%		10/25/36			11,083,011
	12,180,948		Series 2007-FF2, Class A1, 1 Mo. LIBOR + 0.14% (d)		3.40%		03/25/37			6,963,061
			GE-WMC Mortgage Securities LLC
	404,580		Series 2005-1, Class M1, 1 Mo. LIBOR + 0.66% (d)		4.70%		10/25/35			379,682
			GoldenTree Loan Management US CLO Ltd.
	5,000,000		Series 2020-8A, Class AR, 3 Mo. LIBOR + 1.15% (b) (d)		5.39%		10/20/34			4,852,780
			GSAA Home Equity Trust
	626,966		Series 2005-6, Class M1, 1 Mo. LIBOR + 0.65% (d)		4.69%		06/25/35			612,146
			GSAMP Trust
	13,048,229		Series 2006-NC2, Class A2C, 1 Mo. LIBOR + 0.30% (d)		4.34%		06/25/36			6,929,908
	9,404,651		Series 2007-FM2, Class A1, 1 Mo. LIBOR + 0.14% (d)		4.18%		01/25/37			5,619,157
			JP Morgan Mortgage Acquisition Trust
	8,578		Series 2006-ACC1, Class M1, 1 Mo. LIBOR + 0.41% (d)		4.45%		05/25/36			8,617
	2,221,671		Series 2006-WF1, Class A6		6.50%		07/25/36			673,620
	17,725,965		Series 2006-WMC2, Class A4, 1 Mo. LIBOR + 0.30% (d)		4.32%		07/25/36			8,001,554
	18,754,754		Series 2006-WMC2, Class A5, 1 Mo. LIBOR + 0.50% (d)		4.54%		07/25/36			8,526,706
	197,439		Series 2007-CH2, Class MV1, 1 Mo. LIBOR + 0.28% (d)		4.32%		01/25/37			196,071
			Lehman XS Trust
	2,902,210		Series 2006-9, Class A1C, 1 Mo. LIBOR + 0.52% (d)		4.54%		05/25/46			2,522,118
			Long Beach Mortgage Loan Trust
	432,576		Series 2006-1, Class 1A, 1 Mo. LIBOR + 0.44% (d)		4.48%		02/25/36			415,634
			Magnetite VII Ltd.
	4,175,218		Series 2012-7A, Class A1R2, 3 Mo. LIBOR + 0.80% (b) (d)		4.88%		01/15/28			4,112,872
			Mastr Asset Backed Securities Trust
	7,090,810		Series 2006-WMC3, Class A2, 1 Mo. LIBOR + 0.05% (d)		4.14%		08/25/36			2,481,566
			Merrill Lynch First Franklin Mortgage Loan Trust
	277,265		Series 2007-3, Class A2B, 1 Mo. LIBOR + 0.13% (d)		4.30%		06/25/37			212,943
			Mid-State Trust
	107,862		Series 2003-11, Class A1		4.86%		07/15/38			103,722
			Morgan Stanley ABS Capital I, Inc. Trust
	10,199,805		Series 2006-HE4, Class A3, 1 Mo. LIBOR + 0.30% (d)		4.34%		06/25/36			5,321,660
	5,520,605		Series 2006-HE8, Class A2B, 1 Mo. LIBOR + 0.10% (d)		4.14%		10/25/36			2,616,868
	319,951		Series 2006-NC1, Class M1, 1 Mo. LIBOR + 0.57% (d)		4.61%		12/25/35			314,153
	5,944,689		Series 2007-HE1, Class A2D, 1 Mo. LIBOR + 0.23% (d)		4.27%		11/25/36			3,558,146
	26,211,325		Series 2007-HE2, Class A2D, 1 Mo. LIBOR + 0.21% (d)		4.25%		01/25/37			12,852,967
	6,715,285		Series 2007-NC3, Class A2D, 1 Mo. LIBOR + 0.26% (d)		4.30%		05/25/37			4,663,715
			Navient Student Loan Trust
	203,655		Series 2014-1, Class A3, 1 Mo. LIBOR + 0.51% (d)		4.53%		06/25/31			197,259
	182,043		Series 2014-3, Class A, 1 Mo. LIBOR + 0.62% (d)		4.66%		03/25/83			173,252
	155,789		Series 2015-1, Class A2, 1 Mo. LIBOR + 0.60% (d)		4.64%		04/25/40			148,183
	1,602,530		Series 2016-2A, Class A3, 1 Mo. LIBOR + 1.50% (b) (d)		5.52%		06/25/65			1,564,557
	3,519,830		Series 2016-5A, Class A, 1 Mo. LIBOR + 1.25% (b) (d)		5.27%		06/25/65			3,391,177
	300,000		Series 2017-3A, Class A3, 1 Mo. LIBOR + 1.05% (b) (d)		5.07%		07/26/66			294,880
			New Century Home Equity Loan Trust
	705,261		Series 2005-4, Class M3, 1 Mo. LIBOR + 0.83% (d)		4.87%		09/25/35			702,634
			New Residential Mortgage Loan Trust
	16,615,000		Series 2022-SFR2, Class B (b)		3.75%		09/04/39			14,760,945
	15,000,000		Series 2022-SFR2, Class E1 (b)		4.00%		09/04/39			12,261,485
			OCP CLO Ltd.
	6,200,000		Series 2020-19A, Class AR, 3 Mo. LIBOR + 1.15% (b) (d)		5.39%		10/20/34			5,999,639
	8,530,000		Series 2021-21A, Class B, 3 Mo. LIBOR + 1.70% (b) (d)		5.94%		07/20/34			8,180,640

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Octagon Investment Partners 46 Ltd.
$	14,000,000		Series 2020-2A, Class AR, 3 Mo. LIBOR + 1.16% (b) (d)		5.24%		07/15/36		$	13,598,327
			OHA Credit Funding 4 Ltd.
	12,685,000		Series 2019-4A, Class BR, 3 Mo. LIBOR + 1.65% (b) (d)		5.97%		10/22/36			12,170,147
			Progress Residential Trust
	9,120,000		Series 2021-SFR2, Class G (b)		4.25%		04/19/38			7,745,774
	4,130,000		Series 2021-SFR3, Class G (b)		4.25%		05/17/26			3,522,705
			Rad CLO 14 Ltd.
	10,000,000		Series 2021-14A, Class B, 3 Mo. LIBOR + 1.65% (b) (d)		5.73%		01/15/35			9,550,000
			Residential Asset Securities Corp.
	77,426		Series 2006-EMX3, Class A3, 1 Mo. LIBOR + 0.28% (d)		4.58%		04/25/36			75,981
	620,552		Series 2006-KS3, Class M1, 1 Mo. LIBOR + 0.33% (d)		4.15%		04/25/36			607,466
			Rockford Tower CLO Ltd.
	10,000,000		Series 2017-3A, Class A, 3 Mo. LIBOR + 1.19% (b) (d)		5.43%		10/20/30			9,860,023
			Saxon Asset Securities Trust
	553,439		Series 2007-2, Class A2C, 1 Mo. LIBOR + 0.24% (d)		4.28%		05/25/47			390,126
			Securitized Asset-Backed Receivables LLC Trust
	23,026,887		Series 2006-WM4, Class A1, 1 Mo. LIBOR + 0.38% (b) (d)		4.42%		11/25/36			11,866,315
			Skyline Aircraft Finance LLC
	12,636,586		Series 2020-1, Class A (j) (k)		3.23%		05/10/38			11,247,825
			SLC Student Loan Trust
	4,886,844		Series 2006-1, Class A6, 3 Mo. LIBOR + 0.16% (d)		3.45%		03/15/55			4,615,384
	103,051		Series 2006-2, Class A6, 3 Mo. LIBOR + 0.16% (d)		3.45%		09/15/39			96,853
	1,233,457		Series 2008-1, Class A4A, 3 Mo. LIBOR + 1.60% (d)		4.89%		12/15/32			1,227,694
			SLM Student Loan Trust
	434,284		Series 2005-9, Class A7A, 3 Mo. LIBOR + 0.60% (d)		4.96%		01/25/41			421,793
	80,000		Series 2007-7, Class B, 3 Mo. LIBOR + 0.75% (d)		5.11%		10/27/70			63,284
	130,000		Series 2008-2, Class B, 3 Mo. LIBOR + 1.20% (d)		5.56%		01/25/83			100,476
	700,000		Series 2008-3, Class B, 3 Mo. LIBOR + 1.20% (d)		5.56%		04/26/83			577,709
	4,164,551		Series 2008-6, Class A4, 3 Mo. LIBOR + 1.10% (d)		5.46%		07/25/23			4,026,037
	320,000		Series 2008-7, Class B, 3 Mo. LIBOR + 1.85% (d)		6.21%		07/26/83			274,550
	1,920,466		Series 2008-8, Class A4, 3 Mo. LIBOR + 1.50% (d)		5.86%		04/25/23			1,912,395
	3,215,961		Series 2011-2, Class A2, 1 Mo. LIBOR + 1.20% (d)		5.22%		10/25/34			3,199,691
	613,219		Series 2012-2, Class A, 1 Mo. LIBOR + 0.70% (d)		4.72%		01/25/29			587,165
	591,558		Series 2012-3, Class A, 1 Mo. LIBOR + 0.65% (d)		4.67%		12/27/38			564,263
	216,805		Series 2012-6, Class A3, 1 Mo. LIBOR + 0.75% (d)		4.77%		05/26/26			208,931
	3,219,096		Series 2012-7, Class A3, 1 Mo. LIBOR + 0.65% (d)		4.67%		05/26/26			3,083,604
	555,000		Series 2012-7, Class B, 1 Mo. LIBOR + 1.80% (d)		5.82%		09/25/43			520,791
	113,632		Series 2013-2, Class A, 1 Mo. LIBOR + 0.45% (d)		4.47%		06/25/43			108,116
			Soundview Home Loan Trust
	6,180,761		Series 2007-OPT4, Class 1A1, 1 Mo. LIBOR + 1.00% (d)		5.04%		09/25/37			4,232,023
			Structured Asset Investment Loan Trust
	615,228		Series 2004-6, Class A3, 1 Mo. LIBOR + 0.80% (d)		4.84%		07/25/34			589,635
	54,803		Series 2005-2, Class M2, 1 Mo. LIBOR + 0.74% (d)		4.78%		03/25/35			54,333
			Structured Asset Securities Corp. Mortgage Loan Trust
	847,021		Series 2005-NC2, Class M5, 1 Mo. LIBOR + 0.93% (d)		4.97%		05/25/35			837,852
			TAL Advantage VII LLC
	9,165,000		Series 2020-1A, Class A (b)		2.05%		09/20/45			7,991,959
			TIF Funding II LLC
	7,937,833		Series 2020-1A, Class A (b)		2.09%		08/20/45			6,806,200
			Trestles CLO V Ltd.
	13,000,000		Series 2021-5A, Class A1, 3 Mo. LIBOR + 1.17% (b) (d)		5.41%		10/20/34			12,557,471

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Voya CLO Ltd.
$	13,000,000		Series 2020-1A, Class AR, 3 Mo. LIBOR + 1.15% (b) (d)		5.23%		07/16/34		$	12,599,382
			Wachovia Student Loan Trust
	657,815		Series 2006-1, Class A6, 3 Mo. LIBOR + 0.17% (b) (d)		4.53%		04/25/40			629,866
			WaMu Asset-Backed Certificates WaMu Trust
	1,078,140		Series 2007-HE2, Class 2A1, 1 Mo. LIBOR + 0.11% (d)		4.15%		04/25/37			421,288
	3,741,329		Series 2007-HE2, Class 2A2, 1 Mo. LIBOR + 0.19% (d)		4.23%		04/25/37			1,465,535
	8,017,134		Series 2007-HE2, Class 2A3, 1 Mo. LIBOR + 0.25% (d)		4.29%		04/25/37			3,145,601
			Wellman Park CLO Ltd.
	11,650,000		Series 2021-1A, Class B, 3 Mo. LIBOR + 1.60% (b) (d)		5.68%		07/15/34			11,115,059
			Total Asset-Backed Securities							422,157,860
			(Cost $468,213,994)
MORTGAGE-BACKED SECURITIES — 11.6%
			Collateralized Mortgage Obligations — 8.2%
			Ajax Mortgage Loan Trust
	2,557,268		Series 2019-F, Class A1, steps up to 3.86% on 11/25/26 (b) (l)		2.86%		07/25/59			2,409,920
			Alternative Loan Trust
	5,138,705		Series 2005-16, Class A4, 1 Mo. LIBOR + 0.48% (d)		4.52%		06/25/35			4,292,373
	5,785,233		Series 2005-56, Class 1A1, 1 Mo. LIBOR + 1.46% (d)		5.50%		11/25/35			5,115,822
	5,609,165		Series 2005-67CB, Class A1		5.50%		01/25/36			4,301,122
	2,622,596		Series 2007-13, Class A1		6.00%		06/25/47			1,394,692
			American Home Mortgage Assets Trust
	12,075,430		Series 2007-1, Class A1, 12 Mo. Treasury Average + 0.70% (d)		2.39%		02/25/47			4,980,889
			American Home Mortgage Investment Trust
	1,622,325		Series 2005-4, Class 1A1, 1 Mo. LIBOR + 0.58% (d)		4.60%		11/25/45			1,389,771
			Banc of America Funding Trust
	456,503		Series 2014-R6, Class 2A13 (b) (m)		3.85%		07/26/36			437,584
			Bear Stearns Mortgage Funding Trust
	95,512		Series 2006-AR1, Class 1A1, 1 Mo. LIBOR + 0.42% (d)		4.46%		07/25/36			83,097
	2,310,381		Series 2006-AR3, Class 1A1, 1 Mo. LIBOR + 0.18% (d)		4.22%		10/25/36			1,890,661
	3,190,789		Series 2006-AR5, Class 2A1, 1 Mo. LIBOR + 0.19% (d)		4.23%		01/25/37			2,691,777
	169,615		Series 2007-AR5, Class 1A1G, 1 Mo. LIBOR + 0.16% (d)		4.20%		06/25/47			136,401
			CIM Trust
	5,242,626		Series 2018-R6, Class A1, 1 Mo. LIBOR + 1.08% (b) (d)		4.84%		09/25/58			5,093,513
	2,933,221		Series 2019-R1, Class A (b)		3.25%		10/25/58			2,652,830
	3,352,691		Series 2019-R4, Class A1 (b)		3.00%		10/25/59			3,040,153
	5,513,536		Series 2020-R3, Class A1A (b)		4.00%		01/26/60			5,156,699
	7,493,241		Series 2020-R4, Class A1A (b) (n)		3.30%		06/25/60			6,824,715
	21,112,000		Series 2020-R7, Class A1B (b) (n)		2.25%		12/27/61			15,815,970
	5,989,900		Series 2021-NR3, Class A1, steps up to 5.57% on 04/25/24 (b) (l)		2.57%		06/25/57			5,611,708
	18,631,770		Series 2021-NR4, Class A1, steps up to 5.82% on 10/25/24 (b) (l)		2.82%		10/25/61			17,147,857
	15,960,154		Series 2021-R3, Class A1A (b)		1.95%		06/25/57			14,038,831
			CitiMortgage Alternative Loan Trust
	2,129,880		Series 2006-A4, Class 1A8		6.00%		09/25/36			1,876,704
			Credit Suisse Mortgage Trust
	8,969,885		Series 2007-2, Class 1A4		5.75%		03/25/37			5,376,104
	26,895,809		Series 2007-3, Class 1A1A		5.84%		04/25/37			6,870,106
	14,672,762		Series 2021-RP11 (b) (d)		3.77%		10/25/61			11,215,242

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			CSMCM Trust
$	643,714		Series 2021-RP11 (b)		3.78%		10/27/61		$	497,411
			GMACM Mortgage Loan Trust
	1,280,265		Series 2006-J1, Class A4		5.75%		04/25/36			1,081,738
	1,305,248		Series 2006-AR1, Class 1A1 (m)		2.98%		04/19/36			978,193
			GreenPoint Mortgage Funding Trust
	70,984		Series 2006-AR1, Class A1A, 1 Mo. LIBOR + 0.58% (d)		4.62%		02/25/36			59,502
			GSR Mortgage Loan Trust
	21,406,942		Series 2006-OA1, Class 2A2, 1 Mo. LIBOR + 0.52% (d)		4.56%		08/25/46			5,712,458
			HarborView Mortgage Loan Trust
	338,819		Series 2005-10, Class 2A1A, 1 Mo. LIBOR + 0.62% (d)		4.56%		11/19/35			257,977
	1,132,092		Series 2007-7, Class 1A1, 1 Mo. LIBOR + 2.00% (d)		6.02%		10/25/37			940,242
			HomeBanc Mortgage Trust
	598,829		Series 2004-2, Class A1, 1 Mo. LIBOR + 0.74% (d)		4.78%		12/25/34			551,877
			Impac CMB Trust
	162,291		Series 2005-2, Class 1A1, 1 Mo. LIBOR + 0.52% (d)		4.54%		04/25/35			147,670
	524,998		Series 2005-4, Class 1A1A, 1 Mo. LIBOR + 0.27% (d)		4.30%		05/25/35			481,706
			IndyMac INDX Mortgage Loan Trust
	1,291,546		Series 2005-AR14, Class 2A1A, 1 Mo. LIBOR + 0.60% (d)		4.64%		07/25/35			1,043,400
	18,001,565		Series 2005-AR29, Class A1 (m)		3.31%		01/25/36			15,116,398
	3,169,167		Series 2006-AR6, Class 2A1A, 1 Mo. LIBOR + 0.40% (d)		4.44%		06/25/46			2,442,411
	3,759,437		Series 2007-FLX4, Class 2A2, 1 Mo. LIBOR + 0.25% (d)		4.29%		07/25/37			3,206,606
			JP Morgan Mortgage Trust
	1,482,040		Series 2006-A4, Class 1A1 (m)		3.48%		06/25/36			1,081,345
			Lehman XS Trust
	240,506		Series 2006-16N, Class A4A, 1 Mo. LIBOR + 0.38% (d)		4.42%		11/25/46			201,252
	4,600,346		Series 2007-16N, Class 1A1, 1 Mo. LIBOR + 0.94% (d)		4.98%		09/25/47			4,081,386
	2,381,936		Series 2007-16N, Class 2A1, 1 Mo. LIBOR + 0.80% (d)		4.84%		09/25/47			1,941,249
			Merrill Lynch Alternative Note Asset Trust
	3,180,429		Series 2007-OAR3, Class A1, 1 Mo. LIBOR + 0.19% (d)		4.23%		07/25/47			2,679,752
			Morgan Stanley Mortgage Loan Trust
	78,995		Series 2004-6AR, Class 1M1, 1 Mo. LIBOR + 0.98% (d)		5.02%		07/25/34			79,141
	27,647		Series 2005-2AR, Class A, 1 Mo. LIBOR + 0.26% (d)		4.30%		04/25/35			25,619
			MortgageIT Trust
	47,331		Series 2005-5, Class A1, 1 Mo. LIBOR + 0.52% (d)		4.56%		12/25/35			44,514
			Nomura Resecuritization Trust
	659,647		Series 2015-5R, Class 1A1 (b)		4.00%		08/26/37			654,567
			Opteum Mortgage Acceptance Corp.
	907,114		Series 2005-5, Class 1A1D, 1 Mo. LIBOR + 0.76% (d)		4.80%		12/25/35			823,654
	287,537		Series 2006-1, Class 1APT, 1 Mo. LIBOR + 0.42% (d)		4.46%		04/25/36			246,052
			Pretium Mortgage Credit Partners LLC
	10,407,820		Series 2022-RN3, Class A1 (b)		5.00%		08/25/52			10,122,681
			PRPM LLC
	10,466,591		Series 2021-7, Class A1, steps up to 4.87% on 8/25/24 (b) (l)		1.87%		08/25/26			9,460,286
	19,336,120		Series 2021-10, Class A1, steps up to 5.49% on 10/25/24 (b) (l)		2.49%		10/25/26			17,871,257
			RALI Trust
	6,440,077		Series 2007-QS7, Class 1A1		6.00%		05/25/37			5,120,282
	3,216,883		Series 2007-QS9, Class A33		6.50%		07/25/37			2,570,311
			RFMSI Trust
	6,516,775		Series 2007-S6, Class 1A4		6.00%		06/25/37			4,798,100
			Structured Adjustable Rate Mortgage Loan Trust
	18,577		Series 2004-12, Class 3A1 (m)		3.88%		09/25/34			17,745

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			Structured Adjustable Rate Mortgage Loan Trust (Continued)
$	24,350,531		Series 2006-2, Class 4A1 (m)		3.72%		03/25/36		$	15,359,261
			Structured Asset Mortgage Investments II Trust
	2,321,445		Series 2006-AR1, Class 3A1, 1 Mo. LIBOR + 0.46% (d)		4.50%		02/25/36			2,040,085
	6,423,122		Series 2006-AR7, Class A1A, 1 Mo. LIBOR + 0.42% (d)		4.46%		08/25/36			5,883,583
	3,310,458		Series 2007-AR6, Class A1, 12 Mo. Treasury Average + 1.50% (d)		3.19%		08/25/47			2,886,393
			WaMu Mortgage Pass-Through Certificates Trust
	72,310		Series 2005-AR1, Class A2A1, 1 Mo. LIBOR + 0.68% (d)		4.72%		01/25/45			66,061
	145,112		Series 2005-AR15, Class A1A1, 1 Mo. LIBOR + 0.52% (d)		4.56%		11/25/45			129,210
	191,010		Series 2006-AR3, Class A1A, 12 Mo. Treasury Average + 1.00% (d)		2.69%		02/25/46			167,201
	297,192		Series 2006-AR4, Class 1A1A, 12 Mo. Treasury Average + 0.94% (d)		2.31%		05/25/46			254,407
										250,967,524
			Commercial Mortgage-Backed Securities — 3.4%
			BX Commercial Mortgage Trust
	8,821,865		Series 2019-XL, Class A, 1 Mo. CME Term SOFR + 1.03% (b) (d)		4.83%		10/15/36			8,673,675
	4,000,000		Series 2021-ARIA, Class F, 1 Mo. LIBOR + 2.59% (b) (d)		6.47%		10/15/36			3,519,476
	4,633,575		Series 2021-XL2, Class J, 1 Mo. LIBOR + 3.89% (b) (d)		7.77%		10/15/38			4,263,353
			BXSC Commercial Mortgage Trust
	8,450,000		Series 2022-WSS, Class D, 1 Mo. CME Term SOFR + 3.19% (b) (d)		6.98%		03/15/35			8,016,444
			CAMB Commercial Mortgage Trust
	9,150,000		Series 2019-LIFE, Class F, 1 Mo. LIBOR + 2.55% (b) (d)		6.42%		12/15/37			8,624,281
			DROP Mortgage Trust
	12,284,000		Series 2021-FILE, Class B, 1 Mo. LIBOR + 1.70% (b) (d)		5.58%		10/15/43			11,333,936
			Life Mortgage Trust
	7,863,761		Series 2021-BMR, Class G, 1 Mo. LIBOR + 2.95% (b) (d)		6.83%		03/15/38			7,357,959
			Manhattan West
	3,855,000		Series 2020-1MW, Class A (b)		2.13%		09/10/39			3,319,980
			Med Trust
	7,000,000		Series 2021-MDLN, Class D, 1 Mo. LIBOR + 2.00% (b) (d)		5.88%		11/15/38			6,599,464
			MSCG Trust
	13,828,705		Series 2018-SELF, Class F, 1 Mo. LIBOR + 3.05% (b) (d)		6.92%		10/15/37			13,008,786
			MSDB Trust
	4,800,000		Series 2017-712F, Class A (b) (m)		3.43%		07/11/39			4,231,798
			NCMF Trust
	10,000,000		Series 2022-MFP, Class C, 1 Mo. CME Term SOFR + 2.84% (b) (d)		6.63%		03/15/39			9,685,537
			SFAVE Commercial Mortgage Securities Trust
	9,265,000		Series 2015-5AVE, Class A2A (b) (m)		3.66%		01/05/43			6,576,251
			SFO Commercial Mortgage Trust
	3,787,000		Series 2021-555, Class A, 1 Mo. LIBOR + 1.15% (b) (d)		5.03%		05/15/38			3,495,526
			SLG Office Trust
	5,000,000		Series 2021-OVA, Class F (b)		2.85%		07/15/41			3,325,481
			TPGI Trust
	4,500,000		Series 2021-DGWD, Class E, 1 Mo. LIBOR + 2.35% (b) (d)		6.23%		06/15/26			4,130,960

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Securities (Continued)
			UBS-Barclays Commercial Mortgage Trust
$	52,436		Series 2013-C6, Class A3		2.97%		04/10/46		$	51,999
										106,214,906
			Total Mortgage-Backed Securities							357,182,430
			(Cost $413,673,536)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES — 7.8%
			Agriculture — 0.3%
	1,780,000		Imperial Brands Finance PLC (USD) (b)		3.50%		02/11/23			1,769,973
	2,325,000		Imperial Brands Finance PLC (USD) (b)		3.13%		07/26/24			2,218,649
	1,790,000		Imperial Brands Finance PLC (USD) (b)		4.25%		07/21/25			1,709,873
	3,295,000		Imperial Brands Finance PLC (USD) (b)		3.50%		07/26/26			3,035,899
										8,734,394
			Airlines — 0.0%
	596,400		Air Canada Pass-Through Trust, Series 2017-1, Class AA (USD) (b)		3.30%		01/15/30			512,867
			Banks — 3.9%
	12,020,000		Credit Suisse Group AG (USD) (b) (c)		1.31%		02/02/27			9,506,596
	3,365,000		Credit Suisse Group AG (USD) (b)		4.28%		01/09/28			2,743,688
	5,260,000		Credit Suisse Group AG (USD) (b) (c)		3.09%		05/14/32			3,588,328
	9,640,000		Credit Suisse Group AG (USD) (b) (c)		6.54%		08/12/33			8,456,415
	6,195,000		Credit Suisse Group AG (USD) (b) (c)		9.02%		11/15/33			6,295,260
	7,000,000		DNB Bank ASA (USD) (b) (c)		1.61%		03/30/28			5,955,442
	1,830,000		HSBC Holdings PLC (USD) (c)		2.10%		06/04/26			1,659,747
	2,095,000		HSBC Holdings PLC (USD) (c)		4.76%		06/09/28			1,988,016
	6,100,000		HSBC Holdings PLC (USD) (c)		2.01%		09/22/28			5,066,570
	7,800,000		HSBC Holdings PLC (USD) (c)		2.21%		08/17/29			6,309,720
	1,755,000		HSBC Holdings PLC (USD) (c)		2.36%		08/18/31			1,341,402
	9,845,000		HSBC Holdings PLC (USD) (c)		2.80%		05/24/32			7,657,550
	3,000,000		Lloyds Banking Group PLC (USD) (c)		3.87%		07/09/25			2,889,213
	5,000,000		Lloyds Banking Group PLC (USD) (c)		1.63%		05/11/27			4,310,628
	3,000,000		Lloyds Banking Group PLC (USD) (c)		3.57%		11/07/28			2,680,058
	1,245,000		Lloyds Banking Group PLC (USD) (c)		4.98%		08/11/33			1,147,406
	7,600,000		Macquarie Group Ltd. (USD) (b) (c)		1.34%		01/12/27			6,574,116
	4,775,000		Macquarie Group Ltd. (USD) (b) (c)		2.87%		01/14/33			3,670,664
	1,710,000		Macquarie Group Ltd. (USD) (b) (c)		4.44%		06/21/33			1,489,386
	9,800,000		NatWest Group PLC (USD) (c)		4.27%		03/22/25			9,539,783
	10,775,000		Santander UK Group Holdings PLC (USD) (c)		4.80%		11/15/24			10,575,422
	5,545,000		Santander UK Group Holdings PLC (USD) (c)		1.09%		03/15/25			5,146,901
	930,000		Santander UK Group Holdings PLC (USD) (c)		1.53%		08/21/26			817,189
	5,250,000		Santander UK Group Holdings PLC (USD) (c)		1.67%		06/14/27			4,455,002
	1,735,000		Santander UK Group Holdings PLC (USD) (c)		2.47%		01/11/28			1,478,359
	3,215,000		UBS AG (USD), SOFR + 0.45% (b) (d)		4.23%		08/09/24			3,186,302
	1,200,000		UBS Group AG (USD) (b) (c)		4.70%		08/05/27			1,161,644
										119,690,807

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Beverages — 0.4%
	7,945,000		Bacardi Ltd. (USD) (b)		4.45%		05/15/25		$	7,719,571
	7,000,000		Becle SAB de CV (USD) (b)		2.50%		10/14/31			5,450,865
										13,170,436
			Commercial Services — 0.1%
	2,800,000		DP World Crescent Ltd. (USD) (b)		4.85%		09/26/28			2,735,116
			Computers — 0.1%
	1,790,000		Lenovo Group Ltd. (USD) (b)		6.54%		07/27/32			1,742,239
			Diversified Financial Services — 0.6%
	1,000,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		3.50%		01/15/25			954,345
	1,296,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		4.45%		10/01/25			1,244,745
	11,200,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		3.00%		10/29/28			9,470,859
	1,755,000		Avolon Holdings Funding Ltd. (USD) (b)		2.88%		02/15/25			1,612,255
	670,000		Avolon Holdings Funding Ltd. (USD) (b)		3.25%		02/15/27			569,999
	5,256,000		Avolon Holdings Funding Ltd. (USD) (b)		2.53%		11/18/27			4,254,568
	850,000		Park Aerospace Holdings Ltd. (USD) (b)		4.50%		03/15/23			845,856
	467,000		Park Aerospace Holdings Ltd. (USD) (b)		5.50%		02/15/24			460,313
										19,412,940
			Electric — 0.0%
	1,200,000		Empresas Publicas de Medellin ESP (USD) (o)		4.38%		02/15/31			890,244
	250,000		Mong Duong Finance Holdings B.V. (USD) (o)		5.13%		05/07/29			213,438
										1,103,682
			Engineering & Construction — 0.1%
	4,335,000		Heathrow Funding Ltd., Medium-Term Note (EUR) (o)		1.88%		03/14/34			3,348,989
			Food — 0.3%
	150,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		5.50%		01/15/30			144,087
	1,505,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		3.75%		12/01/31			1,249,270
	2,115,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		3.00%		05/15/32			1,661,756
	3,000,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		4.38%		02/02/52			2,186,790
	4,015,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		6.50%		12/01/52			3,879,594
										9,121,497
			Internet — 0.2%
	2,775,000		Tencent Holdings Ltd. (USD) (b)		3.98%		04/11/29			2,547,070
	3,290,000		Tencent Holdings Ltd. (USD) (b)		3.84%		04/22/51			2,287,720
										4,834,790
			Mining — 0.0%
	600,000		Indonesia Asahan Aluminium Persero PT (USD) (b)		5.45%		05/15/30			563,370

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Miscellaneous Manufacturing — 0.2%
	4,789,000		GE Capital International Funding Co. Unlimited Co. (USD)		4.42%		11/15/35		$	4,529,156
			Oil & Gas — 0.5%
	400,000		Ecopetrol S.A. (USD)		6.88%		04/29/30			358,878
	1,383,000		KazMunayGas National Co. JSC (USD) (o)		5.38%		04/24/30			1,243,970
	1,200,000		KazMunayGas National Co. JSC (USD) (b)		3.50%		04/14/33			890,208
	2,504,000		Pertamina Persero PT (USD) (b)		3.10%		08/27/30			2,174,376
	846,000		Petroleos Mexicanos (USD)		5.95%		01/28/31			635,187
	3,660,000		Petroleos Mexicanos (USD)		6.75%		09/21/47			2,329,910
	1,460,000		Petroleos Mexicanos (USD)		7.69%		01/23/50			1,007,414
	1,705,000		Petroleos Mexicanos (USD)		6.95%		01/28/60			1,093,722
	1,113,000		Petronas Capital Ltd. (USD) (b)		3.50%		04/21/30			1,025,240
	1,650,000		Petronas Capital Ltd. (USD) (b)		2.48%		01/28/32			1,373,872
	1,400,000		Qatar Energy (USD) (o)		2.25%		07/12/31			1,169,078
	1,800,000		Saudi Arabian Oil Co. (USD) (o)		1.63%		11/24/25			1,644,189
	452,375		Transocean Poseidon Ltd. (USD) (b)		6.88%		02/01/27			440,523
										15,386,567
			Oil & Gas Services — 0.1%
	3,600,000		Transocean Proteus Ltd. (USD) (b)		6.25%		12/01/24			3,533,634
			Packaging & Containers — 0.1%
	3,000,000		Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (USD) (b)		5.25%		08/15/27			2,274,450
	1,000,000		Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (USD) (b)		5.25%		08/15/27			758,150
										3,032,600
			Pipelines — 0.1%
	1,664,388		Galaxy Pipeline Assets Bidco Ltd. (USD) (b)		2.16%		03/31/34			1,410,015
	800,000		Southern Gas Corridor CJSC (USD) (o)		6.88%		03/24/26			821,888
										2,231,903
			Real Estate — 0.0%
	500,000		Vonovia SE (EUR) (o)		1.50%		06/14/41			325,984
			Real Estate Investment Trusts — 0.0%
	1,000,000		Ascendas Real Estate Investment Trust, Medium-Term Note (EUR) (o)		0.75%		06/23/28			834,506
			Retail — 0.1%
	100,000		Alimentation Couche-Tard, Inc. (USD) (b)		3.55%		07/26/27			92,295
	4,230,000		Alimentation Couche-Tard, Inc. (USD) (b)		3.80%		01/25/50			3,039,716
										3,132,011
			Savings & Loans — 0.4%
	6,645,000		Nationwide Building Society (USD) (b) (c)		3.77%		03/08/24			6,592,322
	1,300,000		Nationwide Building Society (USD) (b) (c)		4.36%		08/01/24			1,281,278
	4,055,000		Nationwide Building Society (USD) (b) (c)		2.97%		02/16/28			3,555,766
										11,429,366
			Telecommunications — 0.3%
	200,000		C&W Senior Financing DAC (USD) (b)		6.88%		09/15/27			178,500
	2,000,000		Intelsat Jackson Holdings S.A. (USD) (e)		5.50%		08/01/23			17,200

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Telecommunications (Continued)
	3,860,000		Intelsat Jackson Holdings S.A. (USD) (b) (e)		8.50%		10/15/24		$	28,950
	390,000		Intelsat Jackson Holdings S.A. (USD) (b) (e)		9.75%		07/15/25			3,354
	2,113,000		Intelsat Jackson Holdings S.A. (USD) (b) (e)		6.50%		03/15/30			1,949,242
	500,000		SES S.A. (USD) (b)		3.60%		04/04/23			495,388
	5,640,000		Vodafone Group PLC (USD)		5.25%		05/30/48			5,073,590
	1,477,000		Vodafone Group PLC (USD)		4.88%		06/19/49			1,262,435
	1,375,000		Vodafone Group PLC (USD)		4.25%		09/17/50			1,087,983
										10,096,642
			Transportation — 0.0%
	326,000		Empresa de Transporte de Pasajeros Metro S.A. (USD) (b)		3.65%		05/07/30			291,979
			Total Foreign Corporate Bonds and Notes							239,795,475
			(Cost $273,083,026)

 

Principal Value			Description		Rate (p)		Stated Maturity (q)		Value
SENIOR FLOATING-RATE LOAN INTERESTS — 2.2%
			Airlines — 0.0%
$	298,565		AAdvantage Loyalty IP Ltd., Term Loan, 1 Mo. LIBOR + 4.75%, 0.75% Floor		8.99%		04/20/28			296,487
	384,105		United Airlines, Inc., Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		8.11%		04/21/28			378,755
										675,242
			Broker Asset Management Exchange — 0.0%
	169,566		Deerfield Dakota Holding LLC, Term Loan B, 1 Mo. CME Term SOFR + 3.75%, 1.00% Floor		7.84%		04/09/27			159,998
			Cable and Satellite — 0.1%
	932,500		DIRECTV Financing LLC, Term Loan, 1 Mo. LIBOR + 5.00%, 0.75% Floor		9.07%		08/02/27			891,805
	2,308,036		EagleView Technology Corp., Term Loan B, 3 Mo. LIBOR + 3.50%, 0.00% Floor		7.17%		08/14/25			2,055,606
	725,000		Virgin Media Bristol LLC, Term Loan N, 1 Mo. LIBOR + 2.50%, 0.00% Floor		6.37%		01/31/28			705,853
										3,653,264
			Consumer Cyclical Service — 0.0%
	550,891		Arches Buyer, Inc., Term Loan, 1 Mo. LIBOR + 3.25%, 0.50% Floor		7.32%		12/06/27			499,818
			Consumer Products — 0.1%
	105,155		AI Aqua Merger Sub, Inc., Delayed Draw Term Loan, 1 Mo. CME Term SOFR + 4.00%, 0.50% Floor		7.82%		07/30/28			99,722
	604,641		AI Aqua Merger Sub, Inc., Term Loan B, 1 Mo. CME Term SOFR + 4.00%, 0.50% Floor		7.82%		07/30/28			573,399
	833,170		Sunshine Luxembourg VII, Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		7.42%		10/02/26			790,212
	2,577,031		Zep, Inc., Term Loan B, 1 Yr. LIBOR + 4.00%, 1.00% Floor		7.67%		08/11/24			2,232,353
										3,695,686

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Rate (p)		Stated Maturity (q)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (Continued)
			Diversified Manufacturing — 0.0%
$	144,254		AZZ, Inc., Term Loan B, 1 Mo. CME Term SOFR + 4.35%, 0.50% Floor		8.08%		05/13/29		$	143,623
			Finance Companies — 0.2%
	4,949,749		Avolon TLB Borrower 1 (U.S.) LLC, Term Loan B, 1 Mo. LIBOR + 2.25%, 0.50% Floor		6.19%		12/01/27			4,908,765
	1,450,000		Setanta Aircraft Leasing DAC, Term Loan B, 3 Mo. LIBOR + 2.00%, 0.00% Floor		5.67%		11/05/28			1,430,367
										6,339,132
			Food and Beverage — 0.0%
	507,721		Hostess Brands LLC, Term Loan B, 3 Mo. LIBOR + 2.25%, 0.75% Floor		6.66%		08/03/25			504,177
	1,364		Naked Juice LLC, Delayed Draw Term Loan, 1 Mo. CME Term SOFR + 3.25%, 0.50% Floor		7.39%		01/24/29			1,282
	544,432		Naked Juice LLC, Term Loan, 3 Mo. CME Term SOFR + 3.25%, 0.50% Floor		6.90%		01/24/29			511,767
										1,017,226
			Gaming — 0.0%
	1,354,505		Caesars Resort Collection LLC, Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor		7.57%		07/20/25			1,343,953
			Healthcare — 0.3%
	2,117,750		ADMI Corp., Term Loan B, 1 Mo. LIBOR + 3.38%, 0.50% Floor		7.45%		12/23/27			1,945,683
	124,053		Gainwell Acquisition Corp., Term Loan B, 3 Mo. LIBOR + 4.00%, 0.75% Floor		7.67%		10/01/27			120,827
	2,847,046		Grifols Worldwide Operations Ltd., Term Loan B, 1 Mo. LIBOR + 2.00%, 0.00% Floor		6.07%		11/15/27			2,754,119
	597,000		Mozart Borrower L.P., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.50% Floor		7.32%		10/21/28			566,320
	1,448,777		Pathway Vet Alliance LLC, Term Loan A, 1 Mo. LIBOR + 3.75%, 0.00% Floor		7.42%		03/31/27			1,270,273
	1,995,000		Phoenix Newco, Inc., Term Loan, 1 Mo. LIBOR + 3.25%, 0.50% Floor		7.32%		11/15/28			1,915,958
										8,573,180
			Insurance — 0.2%
	1,138,295		Acrisure LLC, Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor		7.57%		02/15/27			1,063,691
	3,462,536		AmWINS Group, Inc., Term Loan B, 1 Mo. LIBOR + 2.25%, 0.75% Floor		6.32%		02/19/28			3,387,780
	351,507		Asurion LLC (fka Asurion Corp.), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.00% Floor		7.32%		12/23/26			306,982
	211,371		Asurion LLC (fka Asurion Corp.), Term Loan B, 1 Mo. LIBOR + 5.25%, 0.00% Floor		9.32%		01/15/29			161,874
										4,920,327
			Leisure — 0.0%
	117,249		Cineworld Group PLC (Crown), Term Loan, 1 Mo. CME Term SOFR + 10.10%, 1.00% Floor		12.78%		09/09/23			112,926

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Rate (p)		Stated Maturity (q)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (Continued)
			Leisure (Continued)
$	79,990		Delta 2 Lux S.A.R.L., Term Loan B, 1 Mo. CME Term SOFR + 3.25%, 0.50% Floor		7.04%		01/15/30		$	79,565
										192,491
			Media Entertainment — 0.0%
	935,696		Diamond Sports Group LLC, Term Loan B, 1 Mo. CME Term SOFR + 3.35%, 0.00% Floor		7.14%		08/24/26			152,051
			Medical Equipment & Devices — 0.1%
	2,504,858		Avantor Funding, Inc., Term Loan B, 1 Mo. LIBOR + 2.25%, 0.50% Floor		6.32%		11/06/27			2,483,567
			Packaging — 0.2%
	1,273,386		Berry Global, Inc., Term Loan, 1 Mo. LIBOR + 1.75%, 0.00% Floor		5.63%		07/01/26			1,256,832
	1,522,875		Plaze, Inc., Term Loan B, 1 CME Term SOFR + 3.75%, 0.75% Floor		7.82%		08/03/26			1,378,202
	2,201,973		Proampac PG Borrower LLC, Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		7.87%		11/03/25			2,122,151
										4,757,185
			Pharmaceuticals — 0.3%
	1,617,144		Elanco Animal Health, Inc., Term Loan B, 1 Mo. LIBOR + 1.75%, 0.00% Floor		5.59%		08/01/27			1,562,824
	1,791,079		Horizon Therapeutics USA, Inc., Term Loan B, 1 Mo. LIBOR + 1.75%, 0.50% Floor		5.81%		03/15/28			1,770,930
	2,115,474		Jazz Financing LUX S.A.R.L., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		7.57%		05/05/28			2,096,963
	2,492,413		Organon & Co., Term Loan, 1 Mo. LIBOR + 3.00%, 0.50% Floor		6.84%		06/02/28			2,464,996
	748,125		Perrigo Investments LLC, Term Loan B, 1 Mo. CME Term SOFR + 2.50%, 0.50% Floor		6.59%		04/20/29			735,968
										8,631,681
			Services — 0.1%
	1,665,338		Spin Holdco, Inc., Term Loan, 3 Mo. LIBOR + 4.00%, 0.75% Floor		7.14%		03/04/28			1,485,614
			Technology — 0.4%
	337,068		Central Parent Inc., Term Loan, 1 Mo. CME Term SOFR + 4.50%, 0.50% Floor		8.11%		07/06/29			332,740
	3,939,086		Commscope, Inc., Term Loan B2, 3 Mo. LIBOR + 3.25%, 0.00% Floor		7.32%		04/04/26			3,780,302
	145,588		DTI Holdco Inc., Term Loan, 1 Mo. CME Term SOFR + 4.75%, 0.75% Floor		8.84%		04/26/29			134,215
	770,000		Entegris, Inc., Term Loan B, 1 Mo. CME Term SOFR + 3.00%, 0.00% Floor		7.09%		07/06/29			762,831
	170,000		Mitnick Corporate Purchaser, Inc., Term Loan B, 3 Mo. CME Term SOFR + 4.75%, 0.50% Floor		8.94%		05/02/29			161,075
	3,300,000		NortonLifeLock, Inc., Tern Loan B, 1 Mo. CME Term SOFR + 2.10%, 0.50% Floor		6.19%		09/12/29			3,240,864

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Rate (p)		Stated Maturity (q)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (Continued)
			Technology (Continued)
$	276,326		Open Text Corp., Term Loan B, 1 Mo. CME Term SOFR + 3.50%, 0.50% Floor		7.31%		11/16/29		$	268,152
	169,572		RealPage, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor		7.07%		04/22/28			162,048
	3,940,691		Waystar Technologies, Inc., Term Loan B, 1 Mo. LIBOR + 4.00%, 0.00% Floor		8.07%		10/23/26			3,861,877
										12,704,104
			Wirelines — 0.2%
	2,265,000		Level 3 Financing, Inc., Term Loan B, 1 Mo. LIBOR + 1.75%, 0.00% Floor		5.82%		03/01/27			2,152,453
	3,438,674		Lumen Technologies, Inc., Term Loan B, 1 Mo. LIBOR + 2.25%, 0.00% Floor		6.32%		03/15/27			3,255,290
	1,817,515		Zayo Group Holdings, Inc., Term Loan B, 1 Mo. CME Term SOFR + 4.25%, 0.50% Floor		8.34%		03/09/27			1,412,100
										6,819,843
			Total Senior Floating-Rate Loan Interests							68,247,985
			(Cost $71,201,766)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS AND NOTES — 2.0%
			Bahrain — 0.1%
	1,600,000		Bahrain Government International Bond (USD) (o)		7.00%		01/26/26			1,639,158
			Brazil — 0.1%
	650,000		Brazilian Government International Bond (USD)		2.88%		06/06/25			613,938
	600,000		Brazilian Government International Bond (USD)		4.63%		01/13/28			575,919
	3,830,000		Brazilian Government International Bond (USD)		3.88%		06/12/30			3,350,209
										4,540,066
			Chile — 0.1%
	1,394,000		Chile Government International Bond (USD)		3.24%		02/06/28			1,305,654
	200,000		Chile Government International Bond (USD)		2.45%		01/31/31			169,326
	2,000,000		Chile Government International Bond (USD)		2.55%		01/27/32			1,675,873
										3,150,853
			Colombia — 0.1%
	850,000		Colombia Government International Bond (USD)		4.50%		01/28/26			790,946
	3,085,000		Colombia Government International Bond (USD)		3.00%		01/30/30			2,328,979
										3,119,925
			Dominican Republic — 0.1%
	2,485,000		Dominican Republic International Bond (USD) (b)		4.50%		01/30/30			2,116,361
	1,090,000		Dominican Republic International Bond (USD) (o)		4.88%		09/23/32			903,805
										3,020,166

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS AND NOTES (Continued)
			Egypt — 0.1%
	1,300,000		Egypt Government International Bond (USD) (o)		5.25%		10/06/25		$	1,163,378
	1,200,000		Egypt Government International Bond (USD) (b)		7.60%		03/01/29			989,360
										2,152,738
			Guatemala — 0.0%
	390,000		Guatemala Government Bond (USD) (o)		4.90%		06/01/30			368,926
	500,000		Guatemala Government Bond (USD) (o)		3.70%		10/07/33			411,250
										780,176
			Hungary — 0.1%
	3,130,000		Hungary Government International Bond (USD) (b)		2.13%		09/22/31			2,353,626
			Indonesia — 0.1%
	957,000		Indonesia Government International Bond (USD)		2.85%		02/14/30			861,292
	2,600,000		Perusahaan Penerbit SBSN Indonesia III (USD) (b)		2.80%		06/23/30			2,297,022
										3,158,314
			Mexico — 0.2%
	2,000,000		Mexico Government International Bond (USD)		3.75%		01/11/28			1,903,820
	5,772,000		Mexico Government International Bond (USD)		2.66%		05/24/31			4,785,861
										6,689,681
			Oman — 0.1%
	1,700,000		Oman Government International Bond (USD) (o)		5.63%		01/17/28			1,669,432
			Panama — 0.1%
	4,108,000		Panama Government International Bond (USD)		3.16%		01/23/30			3,570,278
	500,000		Panama Government International Bond (USD)		2.25%		09/29/32			377,500
										3,947,778
			Paraguay — 0.1%
	1,900,000		Paraguay Government International Bond (USD) (b)		4.95%		04/28/31			1,835,875
	2,397,000		Paraguay Government International Bond (USD) (b)		2.74%		01/29/33			1,918,199
										3,754,074
			Peru — 0.1%
	4,775,000		Peruvian Government International Bond (USD)		2.84%		06/20/30			4,093,678
	560,000		Peruvian Government International Bond (USD)		2.78%		01/23/31			470,447
										4,564,125
			Philippines — 0.1%
	1,570,000		Philippine Government International Bond (USD)		2.46%		05/05/30			1,359,612
	240,000		Philippine Government International Bond (USD)		1.65%		06/10/31			190,784
										1,550,396
			Poland — 0.0%
	323,000		Republic of Poland Government International Bond (USD)		5.75%		11/16/32			341,326
			Qatar — 0.1%
	2,874,000		Qatar Government International Bond (USD) (o)		4.50%		04/23/28			2,894,204
			Romania — 0.1%
	3,000,000		Romanian Government International Bond (USD) (o)		3.00%		02/14/31			2,403,780

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS AND NOTES (Continued)
			Saudi Arabia — 0.1%
	2,440,000		Saudi Government International Bond (USD) (o)		3.63%		03/04/28		$	2,326,884
			South Africa — 0.1%
	2,874,000		Republic of South Africa Government International Bond (USD)		4.85%		09/30/29			2,613,693
	1,750,000		Republic of South Africa Government International Bond (USD)		5.88%		04/20/32			1,624,111
										4,237,804
			Turkey — 0.0%
	1,200,000		Turkey Government International Bond (USD)		3.25%		03/23/23			1,203,086
			United Arab Emirates — 0.0%
	787,000		Abu Dhabi Government International Bond (USD) (o)		2.50%		09/30/29			709,148
			Uruguay — 0.1%
	1,640,000		Uruguay Government International Bond (USD)		4.38%		01/23/31			1,641,816
			Total Foreign Sovereign Bonds and Notes							61,848,556
			(Cost $71,502,013)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY SECURITIES — 1.6%
$	52,905,000		Federal Home Loan Banks		1.04%		06/14/24			49,956,587
			(Cost $52,905,000)
MUNICIPAL BONDS — 1.0%
			California — 0.2%
	3,955,000		City of San Francisco CA Public Utilities Commission Water Rev		2.83%		11/01/41			2,947,785
	4,715,000		Regents of the Univ of CA Medical Center Pooled Rev		3.26%		05/15/60			3,196,407
										6,144,192
			Massachusetts — 0.1%
	1,845,000		Massachusetts Sch Bldg Auth		2.97%		10/15/32			1,524,194
			New Jersey — 0.1%
	2,000,000		NJ St Turnpike Auth Rev		1.86%		01/01/31			1,596,212
	500,000		NJ St Turnpike Auth Rev		3.73%		01/01/36			430,824
										2,027,036
			New York — 0.6%
	2,285,000		City of New York NY		3.62%		04/01/31			2,084,918
	3,620,000		City of New York NY		1.92%		08/01/31			2,861,792
	1,225,000		Metro Transprtn Auth		5.18%		11/15/49			1,118,605
	400,000		New York City NY Transitional Fin Auth Rev Qualified Sch Constr, Ser BD G-3		5.27%		05/01/27			408,130
	970,000		New York City NY Transitional Fin Auth Rev, Ser A-3		3.96%		08/01/32			879,493
	6,940,000		New York City NY Transitional Fin Auth Rev, Ser B-3		1.85%		08/01/32			5,191,305
	5,140,000		New York State Urban Development Corp.		2.97%		03/15/34			4,153,256
	2,690,000		NY St Dorm Auth		5.00%		03/15/24			2,696,190

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MUNICIPAL BONDS (Continued)
			New York (Continued)
$	1,405,000		NY St Dorm Auth		2.96%		02/15/32		$	1,167,350
										20,561,039
			Total Municipal Bonds							30,256,461
			(Cost $38,478,038)

 

Shares			Description		Value
COMMON STOCKS — 0.0%
			Telecommunications — 0.0%
	59,704		Intelsat Jackson Emergence S.A. (j) (k) (r) (s)			0
			(Cost $2,000,073)
RIGHTS — 0.0%
			Telecommunications — 0.0%
	6,253		Intelsat Jackson Holdings S.A. Series A (j) (k) (r) (s)			0
	6,253		Intelsat Jackson Holdings S.A. Series B (j) (k) (r) (s)			0
			Total Rights			0
			(Cost $0)
MONEY MARKET FUNDS — 1.1%
	32,964,134		JPMorgan 100% U.S. Treasury Securities Money Market Fund - Institutional Class - 3.51% (t)			32,964,134
			(Cost $32,964,134)
			Total Investments — 116.5%			3,585,324,267
			(Cost $3,933,127,968)
			Net Other Assets and Liabilities — (16.5)%			(507,398,918
			Net Assets — 100.0%		$	3,077,925,349

 

1

 

 

Forward Foreign Currency Contracts at November 30, 2022:
Settlement Date		Counterparty		Amount Purchased				Amount Sold				Purchase Value as of 11/30/2022			Sale Value as of 11/30/2022			Unrealized Appreciation (Depreciation)
01/13/2023		BOFA		EUR		388,000		USD		379,449		$	405,287		$	379,449		$	25,838
01/13/2023		BOFA		USD		7,939,019		EUR		8,019,000			7,939,019			8,376,291			(437,272	)
01/13/2023		BOFA		USD		438,174		EUR		422,000			438,174			440,802			(2,628	)
Net Unrealized Appreciation (Depreciation)																		$	(414,062	)

 

Counterparty Abbreviations:

BOFA – Bank of America, N.A.

  

 

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Futures Contracts at November 30, 2022:
Futures Contracts		Position		Number of Contracts		Expiration Date			Notional Value				Unrealized Appreciation (Depreciation)/ Value
U.S. 2-Year Treasury Notes		Long		2,793		Mar-2023		$	573,568,737			$	1,447,474
U.S. 5-Year Treasury Notes		Long		175		Mar-2023			18,999,805				99,902
Ultra U.S. Treasury Bond Futures		Long		99		Mar-2023			13,491,844				210,205
Euro-Bond Futures		Short		36		Dec-2022			(5,277,612	)			(79,464	)
Ultra 10-Year U.S. Treasury Notes		Short		302		Mar-2023			(36,136,188	)			(301,809	)
								$	564,646,586			$	1,376,308

 

Interest Rate Swap Agreements at November 30, 2022:
Counterparty		Floating Rate		Expiration Date			Notional Value			Fixed Rate			Unrealized Appreciation (Depreciation)/ Value
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025		$	117,450,000			1.026%(1)		$	(6,719,917	)
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025			86,880,000			1.034%(1)			(4,958,045	)
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025			58,725,000			1.073%(1)			(3,309,106	)
Citibank, Global Markets, Inc.		3 month LIBOR(2)		09/28/2025			145,575,000			1.390%(2)			(6,831,877	)
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			9,810,000			1.773%(3)			2,804,582
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			7,260,000			1.785%(3)			2,058,710
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			4,905,000			1.808%(3)			1,370,410
Citibank, Global Markets, Inc.		3 month LIBOR(4)		09/28/2053			12,425,000			1.870%(4)			3,257,519
JPMorgan Chase and Co.		SOFR(5)		06/10/2024			249,860,000			1.950%(5)			(9,895,484	)
						$	692,890,000					$	(22,223,208	)

 

(1)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 07/24/2023 and no interest is being accrued until that date.
(2)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 09/28/2023 and no interest is being accrued until that date.
(3)	The Fund pays the fixed rate and receives the floating rate. The floating rate is not effective until 07/24/2023 and no interest is being accrued until that date.
(4)	The Fund pays the fixed rate and receives the floating rate. The floating rate is not effective until 09/28/2023 and no interest is being accrued until that date.
(5)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 06/14/2023 and no interest is being accrued until that date.

 

 

(a)

All or a portion of this security is part of a mortgage dollar roll agreement.

(b)

This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At November 30, 2022, securities noted as such amounted to $833,901,222 or 27.1% of net assets.

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

(c)	Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at November 30, 2022. At a predetermined date, the fixed rate will change to a floating rate or a variable rate.
(d)	Floating or variable rate security.
(e)	This issuer is in default and interest is not being accrued by the Fund nor paid by the issuer.
(f)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers (see Restricted Securities table).
(g)	The issuer has filed for protection in bankruptcy court.
(h)	Security whose principal value is adjusted in accordance with changes to the country’s Consumer Price Index. Interest is calculated on the basis of the current adjusted principal value.
(i)	Zero coupon security.
(j)	This security’s value was determined using significant unobservable inputs (see Valuation Inputs section).

(k)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At November 30, 2022, securities noted as such are valued at $11,247,825 or 0.4% of net assets.
(l)	Step-up security. A security where the coupon increases or steps up at a predetermined date.
(m)	Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically.
(n)	Weighted Average Coupon security. Coupon is based on the blended interest rate of the underlying holdings, which may have different coupons. The coupon may change in any period.
(o)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.
(p)	Senior Floating-Rate Loan Interests (“Senior Loans”) in which the Fund invests generally pay interest at rates which are periodically predetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the LIBOR, (ii) the SOFR obtained from the U.S. Department of the Treasury’s Office of Financial Research, (iii) the prime rate offered by one or more United States banks or (iv) the certificate of deposit rate. Certain Senior Loans are subject to a LIBOR or SOFR floor that establishes a minimum LIBOR or SOFR rate. When a range of rates is disclosed, the Fund holds more than one contract within the same tranche with identical LIBOR or SOFR period, spread and floor, but different LIBOR or SOFR reset dates.
(q)	Senior Loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of Senior Loans may be substantially less than the stated maturities shown.
(r)	Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by the advisor.
(s)	Non-income producing security.
(t)	Rate shown reflects yield as of November 30, 2022.

 

 

LIBOR	-	London Interbank Offered Rate
SOFR	-	Secured Overnight Financing Rate
TBA	-	To-Be-Announced Security

 

 

Currency Abbreviations:
EUR	-	Euro
USD	-	United States Dollar

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
U.S. Government Agency Mortgage-Backed Securities		$	1,107,181,081			$	—			$	1,107,181,081			$	—
Corporate Bonds and Notes*			770,178,414				—				770,178,414				—
U.S. Government Bonds and Notes			445,555,284				—				445,555,284				—
Asset-Backed Securities			422,157,860				—				410,910,035				11,247,825
Mortgage-Backed Securities			357,182,430				—				357,182,430				—
Foreign Corporate Bonds and Notes*			239,795,475				—				239,795,475				—
Senior Floating-Rate Loan Interests*			68,247,985				—				68,247,985				—
Foreign Sovereign Bonds and Notes**			61,848,556				—				61,848,556				—
U.S. Government Agency Securities			49,956,587				—				49,956,587				—
Municipal Bonds***			30,256,461				—				30,256,461				—
Common Stocks*			—	****			—				—				—	****
Rights*			—	****			—				—				—	****
Money Market Funds			32,964,134				32,964,134				—				—
Total Investments			3,585,324,267				32,964,134				3,541,112,308				11,247,825
Forward Foreign Currency Contracts			25,838				—				25,838				—
Futures Contracts			1,757,581				1,757,581				—				—
Interest Rate Swap Agreements			9,491,221				—				9,491,221				—
Total		$	3,596,598,907			$	34,721,715			$	3,550,629,367			$	11,247,825
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Forward Foreign Currency Contracts		$	(439,900	)		$	—			$	(439,900	)		$	—
Futures Contracts			(381,273	)			(381,273	)			—				—
Interest Rate Swap Agreements			(31,714,429	)			—				(31,714,429	)			—
Total		$	(32,535,602	)		$	(381,273	)		$	(32,154,329	)		$	—

 

 

*	See Portfolio of Investments for industry breakout.
**	See Portfolio of Investments for country breakout.
***	See Portfolio of Investments for state breakout.
****	Investment is valued at $0.

 

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

 

 

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Restricted Securities
As of November 30, 2022, the Fund held restricted securities as shown in the following table that the Advisor deemed illiquid.
Security		Acquisition Date		Principal Value				Current Price				Carrying Cost				Value				% of Net Assets
Ruby Pipeline LLC, 8.00%, 04/01/22		12/08/17		$	329,909			$	97.50			$	348,942			$	321,661			0.01%

 

 

 

 

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES — 24.7%
			Collateralized Mortgage Obligations — 16.6%
			Adjustable Rate Mortgage Trust
$	80,380		Series 2005-8, Class 3A21 (a)		3.61%		11/25/35		$	61,681
			Ajax Mortgage Loan Trust
	4,424,020		Series 2020-A, Class A, steps up to 6.36% on 06/25/25 (b) (c)		2.38%		12/25/59			4,307,190
	3,399,969		Series 2021-D, Class A, steps up to 5.00% on 02/25/25 (b) (c)		2.00%		03/25/60			3,043,620
			Alternative Loan Trust
	669,839		Series 2005-13CB, Class A8		5.50%		05/25/35			583,778
	237,789		Series 2005-16, Class A3, 1 Mo. LIBOR + 0.50% (d)		4.54%		06/25/35			198,875
	720,932		Series 2005-65CB, Class 2A4		5.50%		12/25/35			513,860
	65,058		Series 2005-76, Class 1A1, 12 Mo. Treasury Average + 1.48% (d)		3.17%		01/25/36			58,927
	275,772		Series 2006-33CB, Class 2A1		6.00%		11/25/36			162,312
	453,303		Series 2007-OA6, Class A1B, 1 Mo. LIBOR + 0.40% (d)		4.44%		06/25/37			386,423
	888,467		Series 2007-15CB, Class A6		5.75%		07/25/37			553,862
			American Home Mortgage Assets Trust
	1,224,347		Series 2006-1, Class 1A1, 1 Mo. LIBOR + 0.21% (d)		4.25%		05/25/46			1,030,029
	12,815,695		Series 2007-1, Class A1, 12 Mo. Treasury Average + 0.70% (d)		2.39%		02/25/47			5,286,235
	3,398,340		Series 2007-2, Class A1, 1 Mo. LIBOR + 0.13% (d)		4.17%		03/25/47			2,951,653
			American Home Mortgage Investment Trust
	545,691		Series 2005-4, Class 1A1, 1 Mo. LIBOR + 0.58% (d)		4.60%		11/25/45			467,468
			APS Resecuritization Trust
	14,386,128		Series 2016-3, Class 3MZ (a) (b)		0.87%		09/27/46			7,530,521
			Banc of America Funding Trust
	678,622		Series 2007-1, Class TA3A, 1 Mo. LIBOR + 0.32% (d)		4.36%		01/25/37			569,788
	2,233,626		Series 2007-2, Class TA4, 1 Mo. LIBOR + 0.80% (d)		4.84%		03/25/37			2,204,714
			BCAP LLC Trust
	331,960		Series 2007-AA3, Class 1A1A, 1 Mo. LIBOR + 0.42% (d)		4.46%		04/25/37			299,667
	5,352,064		Series 2012-RR8, Class 4A6 (a) (b)		2.20%		11/20/36			4,461,436
	535,406		Series 2015-RR2, Class 25A3 (a) (b)		2.65%		10/28/36			529,327
			Bear Stearns ALT-A Trust
	564,338		Series 2004-8, Class M1, 1 Mo. LIBOR + 0.92% (d)		4.96%		09/25/34			556,643
	1,789,735		Series 2006-1, Class 21A2 (a)		3.45%		02/25/36			1,356,524
			Bear Stearns Mortgage Funding Trust
	4,445,179		Series 2006-AR1, Class 1A1, 1 Mo. LIBOR + 0.42% (d)		4.46%		07/25/36			3,867,392
	464,243		Series 2006-AR3, Class 1A1, 1 Mo. LIBOR + 0.18% (d)		4.22%		10/25/36			379,905
	5,963,230		Series 2007-AR1, Class 1A1, 1 Mo. LIBOR + 0.16% (d)		4.20%		01/25/37			4,994,232
	162,445		Series 2007-AR3, Class 1A1, 1 Mo. LIBOR + 0.14% (d)		4.18%		03/25/37			135,247
	3,856,640		Series 2007-AR5, Class 2A2, 1 Mo. LIBOR + 0.23% (d)		4.27%		06/25/37			3,341,379
			CIM Trust
	116,503		Series 2018-R6, Class A1, 1 Mo. LIBOR + 1.08% (b) (d)		4.84%		09/25/58			113,189
	596,893		Series 2020-R7, Class A1A (b) (e)		2.25%		12/27/61			536,515
	1,139,107		Series 2021-R3, Class A1A (b)		1.95%		06/25/57			1,001,979
	1,450,836		Series 2021-R5, Class A1A (b)		2.00%		08/25/61			1,237,534
			Citigroup Mortgage Loan Trust
	464,402		Series 2005-8, Class 2A4A		5.50%		09/25/35			426,662
	1,103,706		Series 2009-10, Class 2A2 (b)		7.00%		12/25/35			822,189
			Connecticut Avenue Securities Trust
	3,244,000		Series 2020-R01, Class 1B1, 1 Mo. LIBOR + 3.25% (b) (d)		7.27%		01/25/40			2,982,009
			Credit Suisse Mortgage Trust
	41,624		Series 2014-2R, Class 28A1 (a) (b)		3.00%		06/27/37			38,505
	896,324		Series 2014-8R, Class 3A2 (a) (b)		4.14%		02/27/36			856,275
	1,632,800		Series 2014-11R, Class 17A2, 1 Mo. LIBOR + 0.15% (b) (d)		3.89%		12/27/36			1,552,956

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			Credit Suisse Mortgage Trust (Continued)
$	4,962,015		Series 2020-RPL3, Class A1 (a) (b)		2.69%		03/25/60		$	4,712,954
	4,069,906		Series 2020-RPL6, Class A1 (b)		2.69%		03/25/59			3,834,205
	4,884,595		Series 2021-RP11, Class A1 (b)		2.25%		10/25/61			4,025,309
	5,630,078		Series 2021-RPL4, Class A1 (b)		1.80%		12/27/60			5,127,566
	3,649,628		Series 2022-RPL1, Class A1 (b)		4.15%		04/25/61			3,381,625
	133,821		Series 2022-RPL1 (b)		4.23%		04/25/61			119,756
	3,184,023		Series 2022-RPL1 (b)		4.36%		04/25/61			2,884,088
			Deutsche Alt-A Securities Mortgage Loan Trust
	2,709,138		Series 2007-AR3, Class 2A5, 1 Mo. LIBOR + 0.40% (d)		4.42%		06/25/37			2,361,643
			DSLA Mortgage Loan Trust
	44,096		Series 2004-AR4, Class 2A1A, 1 Mo. LIBOR + 0.72% (d)		4.66%		01/19/45			34,133
	5,095,666		Series 2005-AR3, Class 1A, 1 Mo. LIBOR + 0.52% (d)		4.46%		07/19/45			3,794,092
			Federal Home Loan Mortgage Corporation
	2,975,000		Series 2021-HQA2, Class M2, 30 Day Average SOFR + 2.05% (b) (d)		5.57%		12/25/33			2,630,841
			First Horizon Alternative Mortgage Securities Trust
	25,955		Series 2004-AA4, Class A1 (a)		4.01%		10/25/34			25,439
	1,656,660		Series 2005-AA4, Class 2A1 (a)		3.96%		06/25/35			1,454,540
	2,434,544		Series 2007-FA1, Class A4		6.25%		03/25/37			1,198,250
			GreenPoint Mortgage Funding Trust
	39,164		Series 2006-AR1, Class A1A, 1 Mo. LIBOR + 0.58% (d)		4.62%		02/25/36			32,829
	4,136,367		Series 2006-AR6, Class A3A, 1 Mo. LIBOR + 0.44% (d)		4.48%		10/25/46			3,803,046
	5,338,584		Series 2007-AR1, Class 2A1A, 1 Mo. LIBOR + 0.20% (d)		4.24%		03/25/47			4,690,350
	533,250		Series 2007-AR2, Class 2A1, 1 Mo. LIBOR + 0.40% (d)		4.44%		05/25/37			480,090
			GreenPoint MTA Trust
	259,871		Series 2005-AR3, Class 1A1, 1 Mo. LIBOR + 0.48% (d)		4.52%		08/25/45			196,056
			HarborView Mortgage Loan Trust
	158,183		Series 2005-9, Class 2A1A, 1 Mo. LIBOR + 0.68% (d)		4.62%		06/20/35			140,280
	435,882		Series 2005-9, Class 2A1C, 1 Mo. LIBOR + 0.90% (d)		4.84%		06/20/35			386,529
	5,865,591		Series 2007-5, Class A1A, 1 Mo. LIBOR + 0.19% (d)		4.13%		09/19/37			4,998,676
	691,834		Series 2007-7, Class 1A1, 1 Mo. LIBOR + 2.00% (d)		6.02%		10/25/37			574,592
			Headlands Residential LLC
	4,240,000		Series 2021-RPL1, Class NOTE (b)		2.49%		09/25/26			3,975,558
			HomeBanc Mortgage Trust
	4,057,000		Series 2005-3, Class M4, 1 Mo. LIBOR + 1.01% (d)		5.05%		07/25/35			3,786,439
			Impac CMB Trust
	44,582		Series 2005-1, Class 1A1, 1 Mo. LIBOR + 0.52% (d)		4.56%		04/25/35			40,705
	4,535,179		Series 2005-3, Class A1, 1 Mo. LIBOR + 0.48% (d)		4.52%		08/25/35			3,998,633
	3,978,353		Series 2005-5, Class A1, 1 Mo. LIBOR + 0.32% (d)		4.68%		08/25/35			3,593,033
	3,056,607		Series 2005-8, Class 1A, 1 Mo. LIBOR + 0.52% (d)		4.56%		02/25/36			2,780,587
			Impac Secured Assets Trust
	5,738,416		Series 2007-1, Class A3, 1 Mo. LIBOR + 0.48% (d)		4.52%		03/25/37			4,864,219
			IndyMac INDX Mortgage Loan Trust
	1,424,448		Series 2005-16IP, Class A1, 1 Mo. LIBOR + 0.64% (d)		4.68%		07/25/45			1,094,467
	3,425,984		Series 2006-AR2, Class 1A1B, 1 Mo. LIBOR + 0.42% (d)		4.46%		04/25/46			2,794,546
	458,192		Series 2006-AR4, Class A1A, 1 Mo. LIBOR + 0.42% (d)		4.46%		05/25/46			396,637
	145,432		Series 2007-FLX2, Class A1C, 1 Mo. LIBOR + 0.19% (d)		4.23%		04/25/37			121,401
			JP Morgan Alternative Loan Trust
	2,840,382		Series 2006-S1, Class 1A19		6.50%		03/25/36			1,685,337
	669,563		Series 2006-S1, Class 3A4		6.18%		03/25/36			556,758
	49,432		Series 2007-S1, Class A2, 1 Mo. LIBOR + 0.68% (d)		4.72%		04/25/47			46,929

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			JP Morgan Resecuritization Trust Series
$	6,097,845		Series 2014-6, Class 3A2, 1 Mo. LIBOR + 0.21% (b) (d)		3.17%		07/27/46		$	5,466,163
			Legacy Mortgage Asset Trust
	3,961,932		Series 2020-GS2, Class A1, steps up to 5.75% on 03/26/23 (b) (c)		2.75%		03/25/60			3,832,218
			Lehman Mortgage Trust
	744,551		Series 2006-1, Class 1A5		5.50%		02/25/36			374,145
			Lehman XS Trust
	101,294		Series 2005-5N, Class 3A1A, 1 Mo. LIBOR + 0.30% (d)		4.34%		11/25/35			97,885
	686,542		Series 2006-2N, Class 2A1, 12 Mo. Treasury Average + 2.02% (d)		3.71%		02/25/36			584,182
	3,462,954		Series 2006-4N, Class A1D1, 1 Mo. LIBOR + 0.66% (d)		4.70%		04/25/46			3,024,268
	521,429		Series 2007-12N, Class 1A3A, 1 Mo. LIBOR + 0.40% (d)		4.44%		07/25/47			484,918
	5,869,256		Series 2007-16N, Class 1A1, 1 Mo. LIBOR + 0.94% (d)		4.98%		09/25/47			5,207,151
			MASTR Adjustable Rate Mortgages Trust
	5,591,310		Series 2006-OA2, Class 1A1, 12 Mo. Treasury Average + 0.80% (d)		2.49%		12/25/46			4,039,200
	6,218,265		Series 2007-1, Class I1A, 1 Mo. LIBOR + 0.39% (d)		4.43%		01/25/47			2,366,235
	2,469,755		Series 2007-1, Class I2A3, 12 Mo. Treasury Average + 0.74% (d)		2.43%		01/25/47			2,423,601
	286,095		Series 2007-2, Class A1, 1 Mo. LIBOR + 0.30% (d)		4.34%		03/25/47			254,699
	4,700,000		Series 2007-HF2, Class A2, 1 Mo. LIBOR + 1.10% (d)		5.14%		09/25/37			2,227,787
			Merrill Lynch Mortgage Investors Trust
	105,926		Series 2003-D, Class A, 1 Mo. LIBOR + 0.62% (d)		4.66%		08/25/28			100,812
	150,417		Series 2004-E, Class A2B, 6 Mo. LIBOR + 0.72% (d)		4.90%		11/25/29			140,308
			Morgan Stanley Resecuritization Trust
	2,573		Series 2014-R8, Class 3B1, 12 Mo. Treasury Average + 0.75% (b) (d)		2.12%		06/26/47			2,565
			Nomura Resecuritization Trust
	1,822,599		Series 2014-1R, Class 1A13, 1 Mo. LIBOR + 0.16% (b) (d)		3.14%		10/26/36			1,782,940
			Opteum Mortgage Acceptance Corp Trust
	5,641,609		Series 2006-1, Class 1AC1, 1 Mo. LIBOR + 0.60% (d)		4.64%		04/25/36			4,915,791
			PHH Alternative Mortgage Trust
	1,126,790		Series 2007-2, Class 1A4, 1 Mo. LIBOR + 0.60% (d)		4.64%		05/25/37			1,023,152
			PRPM LLC
	2,788,397		Series 2021-6, Class A1, steps up to 5.93% on 07/25/25 (b) (c)		1.79%		07/25/26			2,509,034
	4,110,181		Series 2021-9, Class A1, steps up to 5.36% on 10/25/24 (b) (c)		2.36%		10/25/26			3,683,288
	4,334,514		Series 2021-10, Class A1, steps up to 5.49% on 10/25/24 (b) (c)		2.49%		10/25/26			4,006,140
			RALI Trust
	1,416,463		Series 2005-QO1, Class A1, 1 Mo. LIBOR + 0.30% (d)		4.34%		08/25/35			1,066,254
	2,332,676		Series 2006-QO10, Class A1, 1 Mo. LIBOR + 0.32% (d)		4.36%		01/25/37			1,927,600
	457,275		Series 2006-QS6, Class 1A15		6.00%		06/25/36			368,966
	2,337,333		Series 2007-QA3, Class A1, 1 Mo. LIBOR + 0.20% (d)		4.24%		05/25/37			2,051,245
	2,863,233		Series 2007-QA3, Class A2, 1 Mo. LIBOR + 0.34% (d)		4.38%		05/25/37			2,466,093
	957,860		Series 2007-QH4, Class A1, 1 Mo. LIBOR + 0.38% (d)		4.42%		05/25/37			828,657
	4,086,892		Series 2007-QH9, Class A1 (a)		3.17%		11/25/37			3,305,157
	2,271,312		Series 2007-QS9, Class A33		6.50%		07/25/37			1,814,794
			Structured Adjustable Rate Mortgage Loan Trust
	14,277		Series 2005-12, Class 3A1 (a)		3.51%		06/25/35			12,791
	320,335		Series 2006-11, Class 1A1, 1 Mo. LIBOR + 0.32% (d)		4.36%		12/25/36			287,372
	559,494		Series 2007-4, Class 1A1, 1 Mo. LIBOR + 0.48% (d)		4.52%		05/25/37			484,598
	528,120		Series 2007-4, Class 1A2, 1 Mo. LIBOR + 0.44% (d)		4.48%		05/25/37			457,092

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			Structured Asset Mortgage Investments Trust
$	115,997		Series 2003-AR3, Class A1, 1 Mo. LIBOR + 0.68% (d)		4.62%		11/19/33		$	109,678
			Structured Asset Mortgage Investments II Trust
	245,341		Series 2005-AR2, Class 2A1, 1 Mo. LIBOR + 0.46% (d)		4.50%		05/25/45			213,356
	438,174		Series 2006-AR1, Class 3A1, 1 Mo. LIBOR + 0.46% (d)		4.50%		02/25/36			385,067
	337,963		Series 2006-AR3, Class 12A1, 1 Mo. LIBOR + 0.44% (d)		4.48%		05/25/36			256,657
	399,962		Series 2006-AR4, Class 3A1, 1 Mo. LIBOR + 0.38% (d)		4.42%		06/25/36			326,218
	39,049		Series 2006-AR5, Class 1A1, 1 Mo. LIBOR + 0.42% (d)		4.46%		05/25/36			29,149
	1,651,606		Series 2006-AR6, Class 2A1, 1 Mo. LIBOR + 0.38% (d)		4.42%		07/25/46			1,134,429
	889,266		Series 2006-AR8, Class A1A, 1 Mo. LIBOR + 0.40% (d)		4.44%		10/25/36			799,186
	365,026		Series 2007-AR1, Class 1A1, 1 Mo. LIBOR + 0.32% (d)		4.36%		01/25/37			313,985
	157,160		Series 2007-AR1, Class 2A1, 1 Mo. LIBOR + 0.18% (d)		4.22%		01/25/37			134,001
	598,276		Series 2007-AR6, Class A1, 12 Mo. Treasury Average + 1.50% (d)		3.19%		08/25/47			521,638
			TBW Mortgage-Backed Trust
	66,227		Series 2006-4, Class A4		6.66%		09/25/36			65,324
			WaMu Mortgage Pass-Through Certificates Trust
	5,104,616		Series 2005-AR15, Class A1A2, 1 Mo. LIBOR + 0.56% (d)		4.60%		11/25/45			4,394,169
	2,332,041		Series 2006-AR3, Class A1A, 12 Mo. Treasury Average + 1.00% (d)		2.69%		02/25/46			2,041,362
	44,645		Series 2006-AR11, Class 1A, 12 Mo. Treasury Average + 0.96% (d)		2.65%		09/25/46			35,887
	2,685,725		Series 2007-OA4, Class 1A, 12 Mo. Treasury Average + 0.77% (d)		2.46%		05/25/47			2,115,634
	777,025		Series 2007-OA5, Class 1A, 12 Mo. Treasury Average + 0.75% (d)		2.44%		06/25/47			596,241
			Washington Mutual Mortgage Pass-Through Certificates WMALT Trust
	2,114,529		Series 2006-AR6, Class 2A, 12 Mo. Treasury Average + 0.96% (d)		2.65%		08/25/46			1,309,089
	640,637		Series 2007-OC1, Class A4, 1 Mo. LIBOR + 0.32% (d)		4.68%		01/25/47			566,982
			Wells Fargo Mortgage Backed Securities Trust
	197,752		Series 2007-AR5, Class A1 (a)		4.43%		10/25/37			165,783
										219,153,575
			Commercial Mortgage-Backed Obligations — 8.1%
			AREIT Trust
	1,460,000		Series 2020-CRE4, Class B, 30 Day Average SOFR + 4.26% (b) (d)		7.63%		04/15/37			1,458,469
			BAMLL Commercial Mortgage Securities Trust
	2,975,000		Series 2020-BHP3, Class A, 1 Mo. LIBOR + 1.90% (b) (d)		5.78%		03/15/37			2,934,519
			Banc of America Commercial Mortgage Trust
	13,023,645		Series 2015-UBS7, Class XA, IO (a)		0.90%		09/15/48			220,927
			BANK
	29,220,038		Series 2020-BN27, Class XA, IO (a)		1.27%		04/15/63			1,856,384
			Bayview Commercial Asset Trust
	680,428		Series 2005-4A, Class A1, 1 Mo. LIBOR + 0.45% (b) (d)		4.49%		01/25/36			618,387
			BBCMS Mortgage Trust
	2,445,000		Series 2020-BID, Class A, 1 Mo. LIBOR + 2.14% (b) (d)		6.02%		10/15/37			2,375,078
	2,300,000		Series 2020-BID, Class C, 1 Mo. LIBOR + 3.64% (b) (d)		7.52%		10/15/37			2,226,756
			BDS Ltd.
	1,012,309		Series 2020-FL6, Class C, 30 Day Average SOFR + 2.36% (b) (d)		5.76%		09/15/35			1,001,350

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Obligations (Continued)
			BDS Ltd. (Continued)
$	1,125,000		Series 2020-FL6, Class D, 30 Day Average SOFR + 2.86% (b) (d)		6.26%		09/15/35		$	1,120,239
	2,984,000		Series 2020-FL6, Class E, 30 Day Average SOFR + 3.36% (b) (d)		6.76%		09/15/35			2,931,644
	2,789,363		Series 2021-FL8, Class A, 1 Mo. LIBOR + 0.92% (b) (d)		4.86%		01/18/36			2,685,609
			Benchmark Mortgage Trust
	2,000,000		Series 2020-B18, Class AGNE (b)		3.76%		07/15/53			1,658,809
	1,810,000		Series 2020-IG2, Class UBRD (a) (b)		3.63%		09/15/48			1,549,201
	72,441,033		Series 2020-IG3, Class XA, IO (a) (b)		0.82%		09/15/48			1,772,255
			BFLD Trust
	2,304,000		Series 2019-DPLO, Class A, 1 Mo. LIBOR + 1.09% (b) (d)		3.48%		10/15/34			2,242,760
	2,385,000		Series 2020-OBRK, Class A, 1 Mo. LIBOR + 2.05% (b) (d)		5.93%		11/15/28			2,353,982
			BLOX Trust
	1,570,000		Series 2021-BLOX, Class D, 1 Mo. LIBOR + 1.75% (b) (d)		5.63%		09/15/26			1,454,357
			BWAY Mortgage Trust
	1,700,000		Series 2015-1740, Class A (b)		2.92%		01/10/35			1,507,071
			BX Commercial Mortgage Trust
	3,420,000		Series 2020-VIV3, Class B (a) (b)		3.66%		03/09/44			2,742,147
	4,050,000		Series 2020-VIV4, Class A (b)		2.84%		03/09/44			3,269,118
	2,462,000		Series 2021-VOLT, Class E, 1 Mo. LIBOR + 2.00% (b) (d)		5.88%		09/15/36			2,298,246
	3,701,300		Series 2021-XL2, Class J, 1 Mo. LIBOR + 3.89% (b) (d)		7.77%		10/15/38			3,405,567
	2,845,000		Series 2022-AHP, Class AS, 1 Mo. CME Term SOFR + 1.49% (b) (d)		5.28%		01/17/39			2,712,028
			BX Trust
	2,800,000		Series 2019-OC11, Class A (b)		3.20%		12/09/41			2,367,057
	2,040,000		Series 2021-BXMF, Class G, 1 Mo. LIBOR + 3.35% (b) (d)		7.22%		10/15/26			1,801,527
	2,250,000		Series 2021-VIEW, Class A, 1 Mo. LIBOR + 1.28% (b) (d)		5.16%		06/15/36			2,127,280
	1,500,000		Series 2022-VAMF, Class E, 1 Mo. CME Term SOFR + 2.70% (b) (d)		6.49%		01/15/39			1,392,847
			BXMT Ltd.
	3,375,000		Series 2020-FL3, Class A, 30 Day Average SOFR + 1.51% (b) (d)		4.88%		11/15/37			3,352,200
			CAMB Commercial Mortgage Trust
	3,050,000		Series 2019-LIFE, Class F, 1 Mo. LIBOR + 2.55% (b) (d)		6.42%		12/15/37			2,874,760
			Citigroup Commercial Mortgage Trust
	51,939,879		Series 2017-C4, Class XA, IO (a)		1.19%		10/12/50			1,845,008
			COMM Mortgage Trust
	363,567		Series 2012-CR1, Class B		4.61%		05/15/45			362,819
	399,929		Series 2012-CR4, Class XA, IO (a)		1.43%		10/15/45			15
	1,285,167		Series 2014-CR14, Class A2		3.15%		02/10/47			1,271,037
	4,601,344		Series 2020-CBM, Class XCP, IO (a) (b)		0.72%		02/10/37			54,240
	21,254,000		Series 2020-SBX, Class X, IO (a) (b)		0.66%		01/10/38			342,344
			Credit Suisse Mortgage Trust
	3,180,000		Series 2020-TMIC, Class A, 1 Mo. LIBOR + 3.00% (b) (d)		6.88%		12/15/35			3,162,887
	2,450,000		Series 2020-TMIC, Class B, 1 Mo. LIBOR + 5.00% (b) (d)		8.88%		12/15/35			2,433,580
	25,699,000		Series 2021-980M, Class X, IO (a) (b)		1.11%		07/15/31			817,304
			Csail Commercial Mortgage Trust
	1,350,000		Series 2015-C2, Class C (a)		4.32%		06/15/57			1,156,765
			DBWF Mortgage Trust
	600,000		Series 2016-85T, Class A (b)		3.79%		12/10/36			545,379

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Obligations (Continued)
			DROP Mortgage Trust
$	3,280,000		Series 2021-FILE, Class B, 1 Mo. LIBOR + 1.70% (b) (d)		5.58%		10/15/43		$	3,026,320
			Extended Stay America Trust
	2,391,671		Series 2021-ESH, Class C, 1 Mo. LIBOR + 1.70% (b) (d)		5.58%		07/15/38			2,277,505
			GS Mortgage Securities Corp Trust
	2,600,000		Series 2020-UPTN, Class XA, IO (a) (b)		0.45%		02/10/37			19,169
			GS Mortgage Securities Trust
	84,467,035		Series 2016-GS4, Class XA, IO (a)		0.69%		11/10/49			1,512,754
			Hilton USA Trust
	3,161,000		Series 2016-SFP, Class F (b)		6.16%		11/05/35			2,934,850
			JP Morgan Chase Commercial Mortgage Securities Trust
	34,858,618		Series 2016-JP3, Class XA, IO (a)		1.47%		08/15/49			1,391,239
	1,800,000		Series 2022-NLP, Class G, 1 Mo. CME Term SOFR + 4.27% (b) (d)		8.07%		04/15/37			1,598,900
			Life Mortgage Trust
	2,309,980		Series 2021-BMR, Class G, 1 Mo. LIBOR + 2.95% (b) (d)		6.83%		03/15/38			2,161,401
			Med Trust
	1,400,000		Series 2021-MDLN, Class G, 1 Mo. LIBOR + 5.25% (b) (d)		9.13%		11/15/38			1,241,967
			Morgan Stanley Capital I Trust
	28,158,325		Series 2018-H4, Class XA, IO (a)		1.00%		12/15/51			1,046,614
	1,050,000		Series 2018-MP, Class A (a) (b)		4.42%		07/11/40			930,606
			MSCG Trust
	1,503,319		Series 2018-SELF, Class E, 1 Mo. LIBOR + 2.15% (b) (d)		6.02%		10/15/37			1,408,355
			One Bryant Park Trust
	2,800,000		Series 2019-OBP, Class A (b)		2.52%		09/15/54			2,307,337
			Ready Capital Mortgage Financing LLC
	1,100,000		Series 2020-FL4, Class AS, 1 Mo. LIBOR + 3.10% (b) (d)		7.14%		02/25/35			1,101,204
			SFAVE Commercial Mortgage Securities Trust
	545,000		Series 2015-5AVE, Class C (a) (b)		4.53%		01/05/43			337,108
			SMRT
	2,730,000		Series 2022-MINI, Class F, 1 Mo. CME Term SOFR + 3.35% (b) (d)		7.15%		01/15/39			2,502,773
			STWD Mortgage Trust
	1,550,000		Series 2021-LIH, Class AS, 1 Mo. LIBOR + 1.26% (b) (d)		5.13%		11/15/36			1,480,160
			UBS Commercial Mortgage Trust
	59,029,146		Series 2017-C4, Class XA, IO (a)		1.24%		10/15/50			2,396,943
			VMC Finance LLC
	779,000		Series 2021-FL4, Class B, 1 Mo. LIBOR + 1.80% (b) (d)		5.74%		06/16/36			744,180
	3,000,000		Series 2021-HT1, Class B, 1 Mo. LIBOR + 4.50% (b) (d)		8.44%		01/18/37			2,790,000
			Wells Fargo Commercial Mortgage Trust
	33,945,398		Series 2016-C35, Class XA, IO (a)		2.04%		07/15/48			1,727,637
	975,000		Series 2019-JWDR, Class E (a) (b)		3.99%		09/15/31			826,248
										108,065,222
			Total Mortgage-Backed Securities							327,218,797
			(Cost $353,136,025)
CORPORATE BONDS AND NOTES — 22.0%
			Aerospace/Defense — 0.1%
	635,000		Boeing (The) Co.		1.43%		02/04/24			606,348

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Aerospace/Defense (Continued)
$	1,350,000		TransDigm, Inc.		5.50%		11/15/27		$	1,274,663
										1,881,011
			Agriculture — 0.3%
	30,000		BAT Capital Corp.		2.73%		03/25/31			23,651
	1,250,000		BAT Capital Corp.		4.54%		08/15/47			908,469
	3,555,000		BAT Capital Corp.		5.65%		03/16/52			2,979,635
	645,000		Reynolds American, Inc.		5.85%		08/15/45			564,761
										4,476,516
			Airlines — 0.1%
	287,866		American Airlines Pass-Through Trust, Series 2014-1, Class A		3.70%		10/01/26			246,926
	521,476		JetBlue Pass-Through Trust, Series 2020-1, Class A		4.00%		11/15/32			466,221
	452,331		United Airlines Pass-Through Trust, Series 2013-1, Class A		4.30%		08/15/25			423,288
	98,981		US Airways Pass-Through Trust, Series 2012-1, Class A		5.90%		10/01/24			95,646
										1,232,081
			Auto Manufacturers — 0.1%
	850,000		Allison Transmission, Inc. (b)		3.75%		01/30/31			713,116
	1,250,000		Ford Motor Credit Co. LLC		3.37%		11/17/23			1,215,440
										1,928,556
			Banks — 5.1%
	3,000,000		Bank of America Corp. (f)		3.00%		12/20/23			2,996,526
	300,000		Bank of America Corp. (f)		2.69%		04/22/32			243,368
	3,510,000		Bank of America Corp. (f)		2.30%		07/21/32			2,752,883
	3,160,000		Bank of America Corp. (f)		2.57%		10/20/32			2,518,640
	570,000		Bank of America Corp., Series RR (f)		4.38%		(g)			488,775
	750,000		Bank of America Corp., Medium-Term Note (f)		2.02%		02/13/26			695,411
	2,665,000		Bank of America Corp., Medium-Term Note (f)		1.32%		06/19/26			2,405,607
	390,000		Bank of America Corp., Medium-Term Note (f)		3.82%		01/20/28			367,204
	815,000		Bank of America Corp., Medium-Term Note (f)		2.09%		06/14/29			688,608
	20,000		Bank of America Corp., Medium-Term Note (f)		3.19%		07/23/30			17,478
	455,000		Bank of America Corp., Medium-Term Note (f)		1.90%		07/23/31			355,264
	3,390,000		Bank of America Corp., Medium-Term Note (f)		1.92%		10/24/31			2,629,362
	195,000		Bank of New York Mellon (The) Corp. (f)		5.83%		10/25/33			205,509
	500,000		Citigroup, Inc. (f)		0.98%		05/01/25			466,598
	520,000		Citigroup, Inc. (f)		3.07%		02/24/28			472,840
	225,000		Citigroup, Inc. (f)		4.08%		04/23/29			210,409
	525,000		Citigroup, Inc. (f)		2.98%		11/05/30			448,280
	315,000		Citigroup, Inc. (f)		2.67%		01/29/31			261,832
	1,390,000		Citigroup, Inc. (f)		4.41%		03/31/31			1,293,683
	630,000		Citigroup, Inc. (f)		2.57%		06/03/31			517,023
	1,225,000		Citigroup, Inc. (f)		2.56%		05/01/32			981,050
	1,540,000		Citigroup, Inc. (f)		2.52%		11/03/32			1,212,288
	4,610,000		Citigroup, Inc. (f)		3.06%		01/25/33			3,792,744
	135,000		Comerica, Inc. (f)		5.63%		(g)			131,369
	1,615,000		Goldman Sachs Group (The), Inc. (f)		0.93%		10/21/24			1,540,615
	3,025,000		Goldman Sachs Group (The), Inc. (f)		1.99%		01/27/32			2,338,368
	4,530,000		Goldman Sachs Group (The), Inc. (f)		2.38%		07/21/32			3,581,811
	4,125,000		Goldman Sachs Group (The), Inc. (f)		2.65%		10/21/32			3,316,214
	130,000		JPMorgan Chase & Co. (f)		0.70%		03/16/24			128,120
	715,000		JPMorgan Chase & Co. (f)		0.97%		06/23/25			665,023
	395,000		JPMorgan Chase & Co. (f)		2.60%		02/24/26			372,771

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Banks (Continued)
$	355,000		JPMorgan Chase & Co. (f)		2.01%		03/13/26		$	330,034
	1,660,000		JPMorgan Chase & Co. (f)		1.58%		04/22/27			1,466,486
	780,000		JPMorgan Chase & Co. (f)		1.47%		09/22/27			677,519
	675,000		JPMorgan Chase & Co. (f)		2.95%		02/24/28			614,557
	200,000		JPMorgan Chase & Co. (f)		4.01%		04/23/29			186,682
	325,000		JPMorgan Chase & Co. (f)		1.76%		11/19/31			250,576
	3,170,000		JPMorgan Chase & Co. (f)		2.58%		04/22/32			2,572,691
	3,975,000		JPMorgan Chase & Co. (f)		2.55%		11/08/32			3,184,542
	595,000		JPMorgan Chase & Co., Series KK (f)		3.65%		(g)			501,288
	865,000		Morgan Stanley (f)		2.94%		01/21/33			709,047
	4,790,000		Morgan Stanley (f)		2.48%		09/16/36			3,564,191
	1,100,000		Morgan Stanley, Global Medium-Term Note (f)		0.79%		01/22/25			1,034,856
	2,630,000		Morgan Stanley, Global Medium-Term Note (f)		2.24%		07/21/32			2,053,058
	940,000		Morgan Stanley, Medium-Term Note (f)		2.51%		10/20/32			748,317
	1,245,000		PNC Financial Services Group (The), Inc. (f)		6.04%		10/28/33			1,308,905
	1,255,000		US Bancorp (f)		5.85%		10/21/33			1,309,404
	555,000		US Bancorp (f)		3.70%		(g)			444,122
	1,485,000		Wells Fargo & Co., Medium-Term Note (f)		2.39%		06/02/28			1,314,246
	5,830,000		Wells Fargo & Co., Medium-Term Note (f)		3.35%		03/02/33			4,991,527
	1,665,000		Wells Fargo & Co., Medium-Term Note (f)		4.90%		07/25/33			1,605,656
	385,000		Wells Fargo & Co., Medium-Term Note (f)		5.01%		04/04/51			362,286
										67,325,663
			Beverages — 0.1%
	75,000		Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.		4.90%		02/01/46			70,282
	720,000		Primo Water Holdings, Inc. (b)		4.38%		04/30/29			623,084
	1,617,000		Triton Water Holdings, Inc. (b)		6.25%		04/01/29			1,261,260
										1,954,626
			Biotechnology — 0.1%
	1,000,000		Illumina, Inc.		2.55%		03/23/31			792,125
			Chemicals — 0.1%
	475,000		International Flavors & Fragrances, Inc. (b)		1.23%		10/01/25			420,204
	175,000		Unifrax Escrow Issuer Corp. (b)		5.25%		09/30/28			144,725
	625,000		Unifrax Escrow Issuer Corp. (b)		7.50%		09/30/29			413,078
	544,000		Valvoline, Inc. (b)		3.63%		06/15/31			444,336
										1,422,343
			Commercial Services — 0.6%
	436,000		Adtalem Global Education, Inc. (b)		5.50%		03/01/28			405,931
	375,000		Carriage Services, Inc. (b)		4.25%		05/15/29			281,812
	520,000		Global Payments, Inc.		5.40%		08/15/32			499,579
	958,000		Global Payments, Inc.		5.95%		08/15/52			877,781
	2,515,000		Hertz (The) Corp. (b)		5.00%		12/01/29			1,999,211
	1,475,000		Prime Security Services Borrower LLC / Prime Finance, Inc. (b)		3.38%		08/31/27			1,299,682
	1,250,000		Rent-A-Center, Inc. (b)		6.38%		02/15/29			1,030,131
	215,000		S&P Global, Inc. (b)		4.75%		08/01/28			213,757
	535,000		S&P Global, Inc. (b)		2.90%		03/01/32			461,783
	61,000		Service Corp. International		4.63%		12/15/27			57,051
	1,250,000		WASH Multifamily Acquisition, Inc. (b)		5.75%		04/15/26			1,173,325
										8,300,043

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Computers — 0.1%
$	2,175,000		NCR Corp. (b)		5.13%		04/15/29		$	1,873,501
			Cosmetics/Personal Care — 0.1%
	1,300,000		Edgewell Personal Care Co. (b)		5.50%		06/01/28			1,226,588
			Diversified Financial Services — 0.4%
	570,000		Air Lease Corp.		3.88%		07/03/23			564,314
	1,390,000		Air Lease Corp.		2.20%		01/15/27			1,213,469
	300,000		Air Lease Corp., Medium-Term Note		2.88%		01/15/26			276,468
	605,000		American Express Co. (f)		3.55%		(g)			482,488
	1,505,000		Capital One Financial Corp. (f)		1.88%		11/02/27			1,306,728
	1,105,000		Charles Schwab (The) Corp.		1.95%		12/01/31			875,756
	540,000		Charles Schwab (The) Corp. (f)		5.00%		(g)			486,231
	665,000		Intercontinental Exchange, Inc.		4.60%		03/15/33			646,443
										5,851,897
			Electric — 1.2%
	75,000		Alliant Energy Finance LLC (b)		3.75%		06/15/23			74,399
	2,045,000		Alliant Energy Finance LLC (b)		3.60%		03/01/32			1,789,712
	1,285,000		American Electric Power Co., Inc.		2.03%		03/15/24			1,235,267
	365,000		Appalachian Power Co., Series X		3.30%		06/01/27			343,176
	540,000		Duke Energy Carolinas LLC		3.55%		03/15/52			413,306
	1,000,000		Duke Energy Corp.		3.75%		04/15/24			984,977
	600,000		Duke Energy Corp.		3.85%		06/15/34			601,722
	750,000		Duke Energy Corp.		3.75%		09/01/46			560,745
	100,000		Evergy Metro, Inc.		4.20%		06/15/47			82,687
	290,000		Exelon Corp. (b)		3.35%		03/15/32			255,082
	1,254,000		FirstEnergy Corp., Series C		3.40%		03/01/50			837,384
	955,000		FirstEnergy Transmission LLC (b)		2.87%		09/15/28			834,507
	750,000		Jersey Central Power & Light Co. (b)		4.70%		04/01/24			740,376
	100,000		Metropolitan Edison Co. (b)		3.50%		03/15/23			99,437
	750,000		MidAmerican Energy Co.		3.95%		08/01/47			621,705
	1,395,000		New England Power Co. (b)		5.94%		11/25/52			1,440,550
	550,000		NextEra Energy Capital Holdings, Inc., 3 Mo. LIBOR + 0.27% (d)		4.93%		02/22/23			549,887
	345,000		NextEra Energy Capital Holdings, Inc.		0.65%		03/01/23			341,489
	1,910,000		Niagara Mohawk Power Corp. (b)		5.78%		09/16/52			1,942,737
	500,000		Pennsylvania Electric Co. (b)		4.15%		04/15/25			480,521
	1,500,000		Pike Corp. (b)		5.50%		09/01/28			1,342,425
	100,000		Puget Sound Energy, Inc.		4.22%		06/15/48			83,320
	450,000		Southwestern Electric Power Co., Series M		4.10%		09/15/28			430,211
										16,085,622
			Electrical Component & Equipment — 0.1%
	1,122,000		Energizer Holdings, Inc. (b)		4.38%		03/31/29			956,208
			Engineering & Construction — 0.1%
	1,113,000		Artera Services LLC (b)		9.03%		12/04/25			927,769
			Entertainment — 0.9%
	1,000,000		Caesars Entertainment, Inc. (b)		8.13%		07/01/27			1,005,180
	1,140,000		Caesars Entertainment, Inc. (b)		4.63%		10/15/29			956,255
	515,000		Churchill Downs, Inc. (b)		5.50%		04/01/27			490,596
	600,000		Cinemark USA, Inc. (b)		5.25%		07/15/28			479,940
	1,220,000		Everi Holdings, Inc. (b)		5.00%		07/15/29			1,059,166
	590,000		Live Nation Entertainment, Inc. (b)		4.75%		10/15/27			533,375

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Entertainment (Continued)
$	1,580,000		Penn Entertainment, Inc. (b)		4.13%		07/01/29		$	1,290,584
	515,000		Warnermedia Holdings, Inc. (b)		4.28%		03/15/32			437,771
	2,715,000		Warnermedia Holdings, Inc. (b)		5.05%		03/15/42			2,176,631
	3,988,000		Warnermedia Holdings, Inc. (b)		5.14%		03/15/52			3,094,708
										11,524,206
			Environmental Control — 0.2%
	200,000		Clean Harbors, Inc. (b)		4.88%		07/15/27			188,424
	1,953,000		Waste Pro USA, Inc. (b)		5.50%		02/15/26			1,805,383
										1,993,807
			Food — 0.7%
	1,150,000		Chobani LLC / Chobani Finance Corp., Inc. (b)		4.63%		11/15/28			1,014,654
	950,000		H-Food Holdings LLC / Hearthside Finance Co., Inc. (b)		8.50%		06/01/26			547,994
	300,000		Kraft Heinz Foods Co.		3.75%		04/01/30			277,394
	186,000		Kraft Heinz Foods Co.		4.25%		03/01/31			176,312
	1,650,000		Kraft Heinz Foods Co.		5.20%		07/15/45			1,563,482
	240,000		Kraft Heinz Foods Co.		4.38%		06/01/46			202,581
	765,000		Kraft Heinz Foods Co.		4.88%		10/01/49			691,151
	20,000		Pilgrim’s Pride Corp. (b)		5.88%		09/30/27			19,792
	286,000		Pilgrim’s Pride Corp. (b)		4.25%		04/15/31			248,224
	1,200,000		Pilgrim’s Pride Corp. (b)		3.50%		03/01/32			967,446
	1,600,000		Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed (b)		4.63%		03/01/29			1,325,968
	387,000		Smithfield Foods, Inc. (b)		5.20%		04/01/29			360,282
	1,500,000		TreeHouse Foods, Inc.		4.00%		09/01/28			1,280,183
										8,675,463
			Forest Products & Paper — 0.0%
	755,000		Clearwater Paper Corp. (b)		4.75%		08/15/28			665,932
			Gas — 0.0%
	155,000		Southern Co. Gas Capital Corp.		5.88%		03/15/41			154,794
			Healthcare-Products — 0.3%
	1,600,000		Alcon Finance Corp. (b)		3.00%		09/23/29			1,400,727
	1,425,000		DENTSPLY SIRONA, Inc.		3.25%		06/01/30			1,182,354
	208,000		Hologic, Inc. (b)		4.63%		02/01/28			199,469
	1,000,000		PerkinElmer, Inc.		2.25%		09/15/31			785,752
										3,568,302
			Healthcare-Services — 1.6%
	635,000		Barnabas Health, Inc., Series 2012		4.00%		07/01/28			595,077
	700,000		Cano Health LLC (b)		6.25%		10/01/28			357,000
	900,000		Catalent Pharma Solutions, Inc. (b)		5.00%		07/15/27			858,622
	400,000		Catalent Pharma Solutions, Inc. (b)		3.13%		02/15/29			327,464
	1,125,000		Centene Corp.		4.25%		12/15/27			1,057,742
	1,778,000		Centene Corp.		2.45%		07/15/28			1,497,037
	1,396,000		Centene Corp.		3.00%		10/15/30			1,153,515
	500,000		Centene Corp.		2.50%		03/01/31			395,800
	250,000		CommonSpirit Health		3.35%		10/01/29			217,788
	370,000		CommonSpirit Health		2.78%		10/01/30			298,833
	90,000		HCA, Inc.		5.25%		04/15/25			89,877
	380,000		HCA, Inc.		5.38%		09/01/26			378,594
	360,000		HCA, Inc.		7.05%		12/01/27			377,950

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Healthcare-Services (Continued)
$	417,000		HCA, Inc.		4.13%		06/15/29		$	381,510
	2,870,000		HCA, Inc.		3.50%		09/01/30			2,471,730
	2,068,000		HCA, Inc. (b)		3.63%		03/15/32			1,769,612
	1,830,000		HCA, Inc.		5.50%		06/15/47			1,673,206
	470,000		HCA, Inc.		5.25%		06/15/49			411,830
	1,625,000		HCA, Inc. (b)		4.63%		03/15/52			1,312,549
	365,000		HCA, Inc., Medium-Term Note		7.58%		09/15/25			380,271
	100,000		Humana, Inc.		3.15%		12/01/22			100,000
	700,000		Molina Healthcare, Inc. (b)		4.38%		06/15/28			643,170
	919,000		Molina Healthcare, Inc. (b)		3.88%		11/15/30			791,489
	325,000		Molina Healthcare, Inc. (b)		3.88%		05/15/32			274,605
	1,350,000		Prime Healthcare Services, Inc. (b)		7.25%		11/01/25			1,155,290
	62,000		Tenet Healthcare Corp.		4.63%		07/15/24			60,760
	178,000		Tenet Healthcare Corp. (b)		4.63%		06/15/28			159,622
	850,000		Tenet Healthcare Corp. (b)		4.38%		01/15/30			741,549
	1,350,000		Universal Health Services, Inc. (b)		1.65%		09/01/26			1,159,335
										21,091,827
			Household Products/Wares — 0.2%
	1,505,000		Clorox (The) Co.		1.80%		05/15/30			1,206,679
	2,250,000		Spectrum Brands, Inc. (b)		5.50%		07/15/30			1,930,928
										3,137,607
			Housewares — 0.1%
	1,270,000		Newell Brands, Inc.		6.63%		09/15/29			1,249,521
			Insurance — 1.0%
	437,000		Acrisure LLC / Acrisure Finance, Inc. (b)		4.25%		02/15/29			357,065
	700,000		Acrisure LLC / Acrisure Finance, Inc. (b)		6.00%		08/01/29			561,127
	1,250,000		Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (b)		6.75%		10/15/27			1,153,125
	550,000		AmWINS Group, Inc. (b)		4.88%		06/30/29			475,908
	1,060,000		Aon Corp. / Aon Global Holdings PLC		3.90%		02/28/52			827,025
	800,000		AssuredPartners, Inc. (b)		5.63%		01/15/29			680,800
	1,115,000		Athene Global Funding (b)		3.21%		03/08/27			1,002,073
	1,560,000		Athene Global Funding (b)		1.99%		08/19/28			1,267,838
	675,000		Athene Global Funding (b)		2.72%		01/07/29			563,052
	760,000		Berkshire Hathaway Finance Corp.		3.85%		03/15/52			621,832
	810,000		Brown & Brown, Inc.		4.95%		03/17/52			672,222
	250,000		Farmers Exchange Capital III (b) (f)		5.45%		10/15/54			226,398
	775,000		Farmers Insurance Exchange (b)		8.63%		05/01/24			801,113
	465,000		Farmers Insurance Exchange (b) (f)		4.75%		11/01/57			382,301
	750,000		MassMutual Global Funding II (b)		3.40%		03/08/26			719,363
	1,360,000		Nationwide Mutual Insurance Co., 3 Mo. LIBOR + 2.29% (b) (d)		5.58%		12/15/24			1,360,069
	50,000		Teachers Insurance & Annuity Association of America (b)		4.27%		05/15/47			42,186
	220,000		Teachers Insurance & Annuity Association of America (b)		3.30%		05/15/50			155,711
	1,260,000		Teachers Insurance & Annuity Association of America (b) (f)		4.38%		09/15/54			1,204,844
										13,074,052
			Internet — 0.3%
	600,000		Cogent Communications Group, Inc. (b)		7.00%		06/15/27			585,657
	1,250,000		Gen Digital, Inc. (b)		6.75%		09/30/27			1,256,800
	1,775,000		Netflix, Inc.		5.88%		02/15/25			1,795,513
										3,637,970

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Lodging — 0.2%
$	1,500,000		Boyd Gaming Corp. (b)		4.75%		06/15/31		$	1,310,745
	1,626,000		Hilton Domestic Operating Co., Inc. (b)		3.63%		02/15/32			1,340,418
										2,651,163
			Machinery-Diversified — 0.1%
	2,650,000		OT Merger Corp. (b)		7.88%		10/15/29			1,552,291
			Media — 0.9%
	1,579,000		Cable One, Inc. (b)		4.00%		11/15/30			1,274,482
	295,000		Charter Communications Operating LLC / Charter Communications Operating Capital		2.30%		02/01/32			221,422
	370,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.38%		05/01/47			306,521
	325,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.75%		04/01/48			280,031
	542,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.13%		07/01/49			430,152
	1,000,000		Charter Communications Operating LLC / Charter Communications Operating Capital		4.80%		03/01/50			751,725
	690,000		Charter Communications Operating LLC / Charter Communications Operating Capital		5.25%		04/01/53			555,526
	173,000		Cox Communications, Inc. (b)		3.15%		08/15/24			166,529
	680,000		Cox Communications, Inc. (b)		2.60%		06/15/31			545,552
	900,000		Cox Enterprises, Inc. (b)		7.38%		07/15/27			957,998
	700,000		CSC Holdings LLC (b)		7.50%		04/01/28			546,598
	1,772,000		Diamond Sports Group LLC / Diamond Sports Finance Co. (b)		5.38%		08/15/26			290,225
	1,032,000		Directv Financing LLC / Directv Financing Co-Obligor, Inc. (b)		5.88%		08/15/27			948,145
	1,205,000		Gray Escrow II, Inc. (b)		5.38%		11/15/31			921,560
	816,000		Scripps Escrow II, Inc. (b)		5.38%		01/15/31			667,162
	750,000		Scripps Escrow, Inc. (b)		5.88%		07/15/27			668,483
	630,000		Time Warner Cable LLC		5.88%		11/15/40			559,184
	1,885,000		Time Warner Cable LLC		5.50%		09/01/41			1,607,004
	390,000		Walt Disney (The) Co.		4.00%		10/01/23			386,161
										12,084,460
			Oil & Gas — 0.1%
	1,118,000		Occidental Petroleum Corp.		(h)		10/10/36			567,893
	800,000		Sunoco L.P. / Sunoco Finance Corp.		4.50%		05/15/29			693,734
										1,261,627
			Oil & Gas Services — 0.2%
	1,336,000		Archrock Partners L.P. / Archrock Partners Finance Corp. (b)		6.25%		04/01/28			1,241,271
	1,190,000		USA Compression Partners L.P. / USA Compression Finance Corp.		6.88%		04/01/26			1,141,287
										2,382,558
			Packaging & Containers — 0.2%
	58,000		Ball Corp.		4.00%		11/15/23			56,895
	1,830,000		Berry Global, Inc. (b)		4.88%		07/15/26			1,758,227
	295,000		Berry Global, Inc.		1.65%		01/15/27			249,135
	728,000		Graphic Packaging International LLC		4.13%		08/15/24			708,883
	20,000		Mauser Packaging Solutions Holding Co. (b)		5.50%		04/15/24			19,753
	60,000		Sealed Air Corp. (b)		5.50%		09/15/25			59,616
										2,852,509

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Pharmaceuticals — 1.2%
$	725,000		180 Medical, Inc. (b)		3.88%		10/15/29		$	617,597
	705,000		AbbVie, Inc.		4.55%		03/15/35			671,676
	1,158,000		AbbVie, Inc.		4.50%		05/14/35			1,097,999
	200,000		AbbVie, Inc.		4.45%		05/14/46			176,665
	810,000		Bayer US Finance II LLC (b)		2.85%		04/15/25			760,771
	180,000		Bayer US Finance II LLC (b)		4.25%		12/15/25			174,644
	880,000		Bayer US Finance II LLC (b)		4.38%		12/15/28			836,155
	265,000		Bayer US Finance II LLC (b)		4.63%		06/25/38			230,075
	1,960,000		Bayer US Finance II LLC (b)		4.40%		07/15/44			1,556,926
	400,000		Bayer US Finance II LLC (b)		4.88%		06/25/48			349,545
	1,495,000		Becton Dickinson and Co.		2.82%		05/20/30			1,303,674
	330,000		Cigna Corp.		4.38%		10/15/28			321,950
	400,000		Cigna Corp.		4.90%		12/15/48			370,029
	2,280,000		CVS Health Corp.		5.05%		03/25/48			2,120,178
	2,005,000		Option Care Health, Inc. (b)		4.38%		10/31/29			1,710,501
	1,431,000		Organon & Co. / Organon Foreign Debt Co-Issuer B.V. (b)		5.13%		04/30/31			1,271,444
	550,000		Prestige Brands, Inc. (b)		5.13%		01/15/28			519,252
	1,721,000		Prestige Brands, Inc. (b)		3.75%		04/01/31			1,456,095
										15,545,176
			Pipelines — 0.9%
	50,000		Energy Transfer L.P.		4.00%		10/01/27			46,943
	1,535,000		Energy Transfer L.P.		5.40%		10/01/47			1,327,404
	3,740,000		Energy Transfer L.P.		5.00%		05/15/50			3,088,297
	594,000		Energy Transfer L.P., Series B (f)		6.63%		(g)			434,362
	115,000		Enterprise Products Operating LLC		5.10%		02/15/45			105,258
	765,000		Global Partners L.P. / GLP Finance Corp		6.88%		01/15/29			695,385
	250,000		Kinder Morgan, Inc.		5.55%		06/01/45			233,703
	607,000		NGL Energy Operating LLC / NGL Energy Finance Corp. (b)		7.50%		02/01/26			548,948
	845,000		Plains All American Pipeline L.P. / PAA Finance Corp.		3.55%		12/15/29			737,204
	350,000		Rockies Express Pipeline LLC (b)		4.95%		07/15/29			315,360
	100,000		Rockies Express Pipeline LLC (b)		6.88%		04/15/40			83,434
	598,788		Ruby Pipeline LLC (i) (j) (k) (l)		8.00%		04/01/22			583,818
	1,015,000		Sabine Pass Liquefaction LLC		4.50%		05/15/30			960,076
	1,274,000		TransMontaigne Partners L.P. / TLP Finance Corp.		6.13%		02/15/26			1,111,110
	1,705,000		Venture Global Calcasieu Pass LLC (b)		4.13%		08/15/31			1,472,506
										11,743,808
			Real Estate Investment Trusts — 1.7%
	75,000		Alexandria Real Estate Equities, Inc., Class E		3.45%		04/30/25			72,477
	1,310,000		American Assets Trust L.P.		3.38%		02/01/31			1,057,776
	2,235,000		American Homes 4 Rent L.P.		3.63%		04/15/32			1,895,851
	250,000		Boston Properties L.P.		2.75%		10/01/26			226,926
	200,000		Boston Properties L.P.		3.40%		06/21/29			173,058
	550,000		Camden Property Trust		2.95%		12/15/22			549,527
	500,000		CubeSmart L.P.		4.38%		02/15/29			467,330
	975,000		Extra Space Storage L.P.		2.55%		06/01/31			769,417
	3,625,000		GLP Capital L.P. / GLP Financing II, Inc.		5.38%		04/15/26			3,518,715
	175,000		GLP Capital L.P. / GLP Financing II, Inc.		5.75%		06/01/28			169,561
	185,000		GLP Capital L.P. / GLP Financing II, Inc.		5.30%		01/15/29			174,177
	1,485,000		GLP Capital L.P. / GLP Financing II, Inc.		4.00%		01/15/30			1,290,279
	490,000		Healthcare Realty Holdings L.P.		3.63%		01/15/28			437,134
	595,000		Healthcare Realty Holdings L.P.		3.10%		02/15/30			500,053

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Real Estate Investment Trusts (Continued)
$	1,597,000		Healthcare Realty Holdings L.P.		2.40%		03/15/30		$	1,264,545
	870,000		Healthcare Realty Holdings L.P.		2.00%		03/15/31			661,575
	500,000		Hudson Pacific Properties L.P.		3.95%		11/01/27			424,124
	560,000		Hudson Pacific Properties L.P.		5.95%		02/15/28			532,332
	175,000		Hudson Pacific Properties L.P.		4.65%		04/01/29			152,612
	405,000		Hudson Pacific Properties L.P.		3.25%		01/15/30			317,576
	310,000		Invitation Homes Operating Partnership L.P.		2.30%		11/15/28			256,629
	173,000		Kilroy Realty L.P.		4.25%		08/15/29			154,242
	400,000		Kilroy Realty L.P.		2.50%		11/15/32			289,899
	1,639,000		Life Storage L.P.		2.40%		10/15/31			1,266,404
	505,000		LXP Industrial Trust		2.70%		09/15/30			404,970
	830,000		Physicians Realty LP		2.63%		11/01/31			653,176
	250,000		Ventas Realty L.P.		2.65%		01/15/25			236,192
	80,000		VICI Properties L.P.		4.95%		02/15/30			75,733
	1,250,000		VICI Properties L.P.		5.13%		05/15/32			1,174,081
	503,000		VICI Properties L.P.		5.63%		05/15/52			455,104
	117,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		5.63%		05/01/24			116,014
	399,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.63%		06/15/25			382,301
	290,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.50%		09/01/26			271,900
	210,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		5.75%		02/01/27			203,759
	750,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		3.75%		02/15/27			677,554
	220,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		4.50%		01/15/28			201,563
	440,000		VICI Properties L.P. / VICI Note Co., Inc. (b)		3.88%		02/15/29			386,715
										21,861,281
			Retail — 0.4%
	1,260,000		Bloomin’ Brands, Inc. / OSI Restaurant Partners LLC (b)		5.13%		04/15/29			1,090,171
	1,817,000		Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (b)		6.75%		01/15/30			1,532,403
	788,000		FirstCash, Inc. (b)		5.63%		01/01/30			717,733
	2,170,000		Michaels (The) Cos., Inc. (b)		7.88%		05/01/29			1,287,081
	1,400,000		Papa John’s International, Inc. (b)		3.88%		09/15/29			1,172,194
										5,799,582
			Semiconductors — 0.1%
	75,000		Broadcom, Inc.		3.63%		10/15/24			73,093
	316,000		Broadcom, Inc. (b)		2.60%		02/15/33			239,070
	660,000		Broadcom, Inc. (b)		3.42%		04/15/33			536,849
	415,000		Intel Corp.		3.73%		12/08/47			319,936
										1,168,948
			Software — 0.4%
	225,000		Central Parent, Inc. / CDK Global, Inc. (b)		7.25%		06/15/29			217,398
	960,000		Oracle Corp.		2.88%		03/25/31			803,979
	1,755,000		Oracle Corp.		3.80%		11/15/37			1,391,905
	1,640,000		Oracle Corp.		4.00%		11/15/47			1,214,797
	1,235,000		Oracle Corp.		6.90%		11/09/52			1,370,239
										4,998,318
			Telecommunications — 1.7%
	775,000		AT&T, Inc.		2.55%		12/01/33			609,569
	2,150,000		AT&T, Inc.		4.50%		05/15/35			1,972,099
	200,000		AT&T, Inc.		5.25%		03/01/37			195,624
	594,000		AT&T, Inc.		4.85%		03/01/39			545,836

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (Continued)
			Telecommunications (Continued)
$	750,000		AT&T, Inc.		4.30%		12/15/42		$	628,928
	605,000		AT&T, Inc.		4.75%		05/15/46			527,719
	2,720,000		AT&T, Inc.		3.80%		12/01/57			1,978,742
	162,000		CommScope, Inc. (b)		6.00%		03/01/26			156,934
	456,000		Frontier Communications Holdings LLC (b)		5.00%		05/01/28			406,314
	592,000		Level 3 Financing, Inc. (b)		4.63%		09/15/27			499,574
	1,400,000		Level 3 Financing, Inc. (b)		4.25%		07/01/28			1,097,830
	1,515,000		Level 3 Financing, Inc. (b)		3.63%		01/15/29			1,120,570
	300,000		Level 3 Financing, Inc. (b)		3.75%		07/15/29			217,341
	1,070,000		Level 3 Financing, Inc. (b)		3.88%		11/15/29			833,059
	400,000		Lumen Technologies Inc (b)		4.00%		02/15/27			341,510
	342,000		Qwest Corp.		7.25%		09/15/25			340,882
	335,000		SES GLOBAL Americas Holdings, Inc. (b)		5.30%		03/25/44			262,880
	542,000		Sprint Corp.		7.88%		09/15/23			554,434
	3,025,000		Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC (b)		4.74%		03/20/25			2,987,407
	280,000		Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC (b)		5.15%		03/20/28			275,796
	1,075,000		T-Mobile USA, Inc.		2.25%		02/15/26			985,579
	74,000		T-Mobile USA, Inc.		4.75%		02/01/28			72,028
	1,000,000		T-Mobile USA, Inc.		2.63%		02/15/29			853,254
	1,445,000		T-Mobile USA, Inc.		3.88%		04/15/30			1,328,534
	700,000		T-Mobile USA, Inc.		2.55%		02/15/31			581,104
	2,000,000		T-Mobile USA, Inc.		3.50%		04/15/31			1,745,101
	1,660,000		Zayo Group Holdings, Inc. (b)		4.00%		03/01/27			1,191,697
										22,310,345
			Total Corporate Bonds and Notes							291,220,096
			(Cost $321,462,334)
ASSET-BACKED SECURITIES — 18.6%
			321 Henderson Receivables LLC
	259,315		Series 2013-2A, Class A (b)		4.21%		03/15/62			236,248
			ABFC Trust
	69,521		Series 2007-NC1, Class A2, 1 Mo. LIBOR + 0.30% (b) (d)		4.34%		05/25/37			62,867
	973,731		Series 2007-WMC1, Class A1A, 1 Mo. LIBOR + 1.25% (d)		5.29%		06/25/37			699,969
			ACE Securities Corp. Home Equity Loan Trust
	3,366,497		Series 2006-ASP6, Class A2C, 1 Mo. LIBOR + 0.32% (d)		4.36%		12/25/36			1,208,328
	814,023		Series 2006-HE3, Class A2C, 1 Mo. LIBOR + 0.30% (d)		4.34%		06/25/36			585,023
	2,135,045		Series 2007-HE1, Class A1, 1 Mo. LIBOR + 0.30% (d)		4.34%		01/25/37			1,123,840
	2,935,483		Series 2007-WM2, Class A1, 1 Mo. LIBOR + 0.21% (d)		4.25%		02/25/37			1,314,564
			AFN ABSPROP001 LLC
	3,666,247		Series 2019-1A, Class A1 (b)		3.78%		05/20/49			3,504,532
			AGL CLO Ltd.
	3,600,000		Series 2021-12A, Class A1, 3 Mo. LIBOR + 1.16% (b) (d)		5.40%		07/20/34			3,504,600
			AIG CLO Ltd.
	1,600,000		Series 2018-1A, Class BR, 3 Mo. LIBOR + 1.70% (b) (d)		5.94%		04/20/32			1,548,949
			Aimco CLO Ltd.
	2,600,000		Series 2015-AA, Class BR2, 3 Mo. LIBOR + 1.60% (b) (d)		5.68%		10/17/34			2,478,075
	2,100,000		Series 2020-11A, Class AR, 3 Mo. LIBOR + 1.13% (b) (d)		5.21%		10/17/34			2,035,179

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Allegro CLO VI Ltd.
$	4,000,000		Series 2017-2A, Class B, 3 Mo. LIBOR + 1.50% (b) (d)		5.58%		01/17/31		$	3,820,610
			Ameriquest Mortgage Securities, Inc., Asset Backed Pass-Through Certificates
	375,732		Series 2002-AR1, Class M1, 1 Mo. LIBOR + 1.07% (d)		3.78%		09/25/32			357,204
			AMMC CLO Ltd.
	2,500,000		Series 2021-24A, Class B, 3 Mo. LIBOR + 1.75% (b) (d)		5.99%		01/20/35			2,373,224
			Apidos CLO XXXVII
	1,625,000		Series 2021-37A, Class B, 3 Mo. LIBOR + 1.60% (b) (d)		5.92%		10/22/34			1,543,304
			Arbor Realty Commercial Real Estate Notes Ltd.
	2,000,000		Series 2019-FL2, Class AS, 1 Mo. CME Term SOFR + 1.56% (b) (d)		5.36%		09/15/34			1,943,664
	1,831,000		Series 2021-FL1, Class C, 1 Mo. LIBOR + 2.00% (b) (d)		5.88%		12/15/35			1,725,519
	2,000,000		Series 2021-FL1, Class E, 1 Mo. LIBOR + 3.40% (b) (d)		7.28%		12/15/35			1,893,653
			Ares LXII CLO Ltd.
	2,000,000		Series 2021-62A, Class B, 3 Mo. LIBOR + 1.65% (b) (d)		6.01%		01/25/34			1,905,295
			Argent Securities Trust
	1,266,673		Series 2006-W2, Class A2B, 1 Mo. LIBOR + 0.38% (d)		4.42%		03/25/36			668,902
			Argent Securities, Inc., Asset-Backed Pass-Through Certificates
	121,814		Series 2005-W3, Class M1, 1 Mo. LIBOR + 0.66% (d)		4.70%		11/25/35			117,297
	2,200,000		Series 2005-W3, Class M2, 1 Mo. LIBOR + 0.69% (d)		4.73%		11/25/35			1,831,677
			BCMSC Trust
	2,369,065		Series 2000-A, Class A5		8.32%		06/15/30			380,911
			BlueMountain CLO XXXI Ltd
	2,500,000		Series 2021-31A, Class B, 3 Mo. LIBOR + 1.70% (b) (d)		5.93%		04/19/34			2,387,563
			BNC Mortgage Loan Trust
	1,089,891		Series 2006-2, Class A4, 1 Mo. LIBOR + 0.32% (d)		4.36%		11/25/36			1,049,290
			CAL Funding IV Ltd.
	2,263,122		Series 2020-1A, Class A (b)		2.22%		09/25/45			1,954,673
			Carvana Auto Receivables Trust
	5,450		Series 2020-P1, Class R (b)		(h)		09/08/27			878,375
	6,700		Series 2021-N2, Class R (b)		(h)		03/10/28			1,588,033
	2,500		Series 2021-P2, Class R (b)		(h)		05/10/28			806,736
	2,800		Series 2021-P4, Class R (b)		(h)		09/11/28			1,270,262
	19,300		Series 2022-N1, Class R (b)		(h)		12/11/28			3,464,705
	17,100		Series 2022-P2, Class R (b)		(h)		05/10/29			2,935,978
			C-BASS TRUST
	2,695,385		Series 2007-CB1, Class AF2, steps up to 6.22% after Redemption Date (c)		3.10%		01/25/37			925,621
	2,669,873		Series 2007-CB1, Class AF3, steps up to 6.24% after Redemption Date (c)		3.10%		01/25/37			916,825
			Cedar Funding XIV CLO Ltd.
	1,850,000		Series 2021-14A, Class A, 3 Mo. LIBOR + 1.10% (b) (d)		5.18%		07/15/33			1,812,982
			CF Hippolyta Issuer LLC
	3,718,708		Series 2020-1, Class A1 (b)		1.69%		07/15/60			3,296,329
			Chase Auto Owner Trust
	10,000		Series 2022-AA, Class R1 (b)		(h)		06/25/30			1,796,891
			CIT Education Loan Trust
	2,979,830		Series 2005-1, Class A4, 3 Mo. LIBOR + 0.16% (d)		3.45%		12/15/33			2,841,760
			Citigroup Mortgage Loan Trust
	2,772,277		Series 2006-HE3, Class A2B, 1 Mo. LIBOR + 0.20% (d)		4.24%		12/25/36			1,796,908
			Citigroup Mortgage Loan Trust, Inc.
	292,887		Series 2007-WFH3, Class M1, 1 Mo. LIBOR + 0.26% (d)		4.43%		06/25/37			286,850
			CMFT Net Lease Master Issuer LLC
	2,857,102		Series 2021-1, Class A1 (b)		2.09%		07/20/51			2,422,250

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Cologix Data Centers US Issuer LLC
$	1,960,000		Series 2021-1A, Class A2 (b)		3.30%		12/26/51		$	1,724,753
			Conseco Finance Corp.
	1,795,133		Series 1999-3, Class A8		7.06%		02/01/31			1,597,108
			CoreVest American Finance Trust
	952,165		Series 2020-1, Class XA, IO (a) (b)		2.76%		03/15/50			64,934
	857,846		Series 2020-3, Class XA, IO (a) (b)		3.85%		08/15/53			65,181
	1,250,000		Series 2020-3, Class XB, IO (a) (b)		2.79%		08/15/53			149,086
	1,640,000		Series 2020-4, Class B (b)		1.71%		12/15/52			1,416,672
			Credit-Based Asset Servicing & Securitization LLC
	808,448		Series 2006-MH1, Class B1 (b)		6.25%		10/25/36			764,684
			CWABS Asset-Backed Certificates Trust
	1,950,000		Series 2005-17, Class MV2, 1 Mo. LIBOR + 0.72% (d)		4.76%		05/25/36			1,837,221
	15,392		Series 2006-6, Class 1A1, 1 Mo. LIBOR + 0.34% (d)		4.38%		09/25/36			15,376
			DataBank Issuer
	2,245,000		Series 2021-1A, Class A2 (b)		2.06%		02/27/51			1,940,719
			Dryden CLO Ltd.
	1,600,000		Series 2018-58A, Class C, 3 Mo. LIBOR + 1.80% (b) (d)		5.88%		07/17/31			1,502,942
	625,000		Series 2019-72A, Class BR, 3 Mo. LIBOR + 1.65% (b) (d)		6.26%		05/15/32			601,250
			Eaton Vance CLO Ltd.
	1,800,000		Series 2019-1A, Class AR, 3 Mo. LIBOR + 1.10% (b) (d)		5.18%		04/15/31			1,766,066
	1,750,000		Series 2020-1A, Class AR, 3 Mo. LIBOR + 1.17% (b) (d)		5.25%		10/15/34			1,700,562
			ECMC Group Student Loan Trust
	1,670,044		Series 2017-2A, Class A, 1 Mo. LIBOR + 1.05% (b) (d)		5.07%		05/25/67			1,606,647
	1,424,396		Series 2021-1A, Class A1B, 1 Mo. LIBOR + 0.57% (b) (d)		4.61%		11/25/70			1,345,195
			Elmwood CLO VI Ltd.
	2,600,000		Series 2020-3A, Class BR, 3 Mo. LIBOR + 1.65% (b) (d)		5.89%		10/20/34			2,490,791
			Exeter Automobile Receivables Trust
	1,400,000		Series 2022-6A, Class D (m)		8.03%		04/06/29			1,399,584
			FirstKey Homes Trust
	4,760,000		Series 2020-SFR1, Class B (b)		1.74%		08/17/37			4,251,263
	2,420,000		Series 2020-SFR2, Class F1 (b)		3.02%		10/19/37			2,105,860
			Flatiron CLO Ltd.
	1,000,000		Series 2021-1A, Class B, 3 Mo. LIBOR + 1.60% (b) (d)		5.83%		07/19/34			956,434
			Fremont Home Loan Trust
	28,264		Series 2005-D, Class 2A4, 1 Mo. LIBOR + 0.68% (d)		4.72%		11/25/35			27,576
			GCI Funding I LLC
	2,675,837		Series 2021-1, Class A (b)		2.38%		06/18/46			2,276,990
			Goldentree Loan Management US CLO Ltd.
	1,200,000		Series 2019-4A, Class AR, 3 Mo. LIBOR + 1.11% (b) (d)		5.43%		04/24/31			1,173,498
			Golub Capital Partners CLO L.P.
	1,575,000		Series 2021-54A, Class A, 3 Mo. LIBOR + 1.53% (b) (d)		6.06%		08/05/33			1,514,890
			GSAA Home Equity Trust
	3,455,000		Series 2005-4, Class M2, 1 Mo. LIBOR + 1.05% (d)		5.09%		03/25/35			3,245,083
	229,774		Series 2007-8, Class A3, 1 Mo. LIBOR + 0.90% (d)		4.94%		08/25/37			221,469
			GSAMP Trust
	804,093		Series 2006-HE4, Class A2D, 1 Mo. LIBOR + 0.52% (d)		4.56%		06/25/36			765,177
	1,132,777		Series 2007-FM2, Class A1, 1 Mo. LIBOR + 0.14% (d)		4.18%		01/25/37			676,819
			HPS Loan Management Ltd.
	1,225,000		Series 10A-16, Class A1RR, 3 Mo. LIBOR + 1.14% (b) (d)		5.38%		04/20/34			1,187,348
	2,700,000		Series 2021-16A, Class B, 3 Mo. LIBOR + 1.70% (b) (d)		6.02%		01/23/35			2,548,869
			HSI Asset Securitization Corp Trust
	5,728,148		Series 2007-OPT1, Class 1A, 1 Mo. LIBOR + 0.14% (d)		4.18%		12/25/36			4,756,049

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Invitation Homes Trust
$	1,124,052		Series 2018-SFR4, Class A, 1 Mo. LIBOR + 1.10% (b) (d)		5.00%		01/17/38		$	1,108,106
			JGWPT XXV LLC
	2,112,842		Series 2012-1A, Class A (b)		4.21%		02/16/65			1,863,714
			JP Morgan Mortgage Acquisition Trust
	654,700		Series 2006-CH2, Class AF6, steps up to 6.04% after Redemption Date (c)		5.54%		10/25/36			414,613
	598,613		Series 2006-WF1, Class A5		6.91%		07/25/36			181,319
	930,476		Series 2007-CH2, Class AF6, steps up to 6.05% after Redemption Date (c)		4.43%		01/25/37			513,458
			Lehman XS Trust
	1,258,727		Series 2006-15, Class A4, 1 Mo. LIBOR + 0.34% (d)		4.38%		10/25/36			1,125,735
	3,495,341		Series 2006-19, Class A3, 1 Mo. LIBOR + 0.50% (d)		4.54%		12/25/36			2,856,020
	2,083,333		Series 2007-11, Class A3, 1 Mo. LIBOR + 0.52% (d)		4.56%		02/25/47			1,829,517
			Long Beach Mortgage Loan Trust
	2,270,948		Series 2006-8, Class 2A3, 1 Mo. LIBOR + 0.32% (d)		4.36%		09/25/36			649,056
	13,399,671		Series 2006-10, Class 2A3, 1 Mo. LIBOR + 0.16% (d)		4.20%		11/25/36			4,144,786
			Magnetite XXI Ltd
	2,000,000		Series 2019-21A, Class BR, 3 Mo. LIBOR + 1.35% (b) (d)		5.59%		04/20/34			1,903,769
			Mastr Asset Backed Securities Trust
	118,784		Series 2006-HE5, Class A3, 1 Mo. LIBOR + 0.16% (d)		4.36%		11/25/36			71,663
	1,632,578		Series 2006-NC2, Class A3, 1 Mo. LIBOR + 0.22% (d)		4.26%		08/25/36			656,338
			Merrill Lynch First Franklin Mortgage Loan Trust
	1,720,804		Series 2007-1, Class A1, 1 Mo. LIBOR + 0.28% (d)		4.32%		04/25/37			785,656
	3,142,811		Series 2007-5, Class 1A, 1 Mo. LIBOR + 0.85% (d)		4.89%		10/25/37			1,996,957
			Merrill Lynch Mortgage Investors Trust
	2,912,990		Series 2006-HE6, Class A2C, 1 Mo. LIBOR + 0.46% (d)		4.50%		11/25/37			1,048,022
			Morgan Stanley ABS Capital I, Inc. Trust
	1,861,476		Series 2006-HE8, Class A2B, 1 Mo. LIBOR + 0.10% (d)		4.14%		10/25/36			882,374
	1,802,261		Series 2006-HE8, Class A2C, 1 Mo. LIBOR + 0.14% (d)		4.18%		10/25/36			855,095
	4,607,104		Series 2007-HE2, Class A2B, 1 Mo. LIBOR + 0.09% (d)		4.13%		01/25/37			2,254,338
	1,289,423		Series 2007-HE4, Class A2B, 1 Mo. LIBOR + 0.18% (d)		4.22%		02/25/37			430,829
	1,797,990		Series 2007-NC3, Class A2D, 1 Mo. LIBOR + 0.26% (d)		4.30%		05/25/37			1,248,691
			Navient Student Loan Trust
	22,353		Series 2014-1, Class A3, 1 Mo. LIBOR + 0.51% (d)		4.53%		06/25/31			21,651
	2,405,626		Series 2016-2A, Class A3, 1 Mo. LIBOR + 1.50% (b) (d)		5.52%		06/25/65			2,348,624
	4,269,000		Series 2018-2A, Class A3, 1 Mo. LIBOR + 0.75% (b) (d)		4.77%		03/25/67			4,173,401
	2,500,000		Series 2019-3A, Class B, 1 Mo. LIBOR + 1.55% (b) (d)		5.59%		07/25/68			2,326,349
			Neuberger Berman Loan Advisers CLO Ltd.
	1,500,000		Series 2017-26A, Class D, 3 Mo. LIBOR + 2.65% (b) (d)		6.84%		10/18/30			1,378,869
	1,300,000		Series 2021-43A, Class A, 3 Mo. LIBOR + 1.13% (b) (d)		5.21%		07/17/35			1,265,110
			NovaStar Mortgage Funding Trust
	588,361		Series 2007-2, Class A1A, 1 Mo. LIBOR + 0.20% (d)		4.24%		09/25/37			564,149
			OCP CLO Ltd.
	1,500,000		Series 2021-21A, Class B, 3 Mo. LIBOR + 1.70% (b) (d)		5.94%		07/20/34			1,438,565
			Octagon Investment Partners 46 Ltd.
	2,100,000		Series 2020-2A, Class AR, 3 Mo. LIBOR + 1.16% (b) (d)		5.24%		07/15/36			2,039,749
			OHA Credit Funding Ltd.
	2,000,000		Series 2019-3A, Class AR, 3 Mo. LIBOR + 1.14% (b) (d)		5.38%		07/02/35			1,947,593
	3,000,000		Series 2020-5A, Class B, 3 Mo. LIBOR + 1.60% (b) (d)		5.79%		04/18/33			2,871,479
			Palmer Square CLO Ltd.
	3,100,000		Series 2020-3A, Class A1AR, 3 Mo. LIBOR + 1.08% (b) (d)		5.69%		11/15/31			3,046,719

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			PRET LLC
$	3,760,372		Series 2022-RN2, Class A1, steps up to 9.00% on 07/25/26 (b) (c)		5.00%		06/25/52		$	3,656,495
			Progress Residential Trust
	1,200,000		Series 2019-SFR3, Class F (b)		3.87%		09/17/36			1,130,311
	5,135,000		Series 2021-SFR2, Class E2 (b)		2.65%		04/19/38			4,304,299
	2,000,000		Series 2021-SFR6, Class G (b)		4.00%		07/17/38			1,686,908
	1,605,000		Series 2021-SFR11, Class B (b)		2.73%		01/17/39			1,322,275
	8,100,000		Series 2021-SFR9, Class F (b)		4.05%		11/17/40			6,345,790
			Regatta XII Funding Ltd.
	3,000,000		Series 2019-1A, Class BR, 3 Mo. LIBOR + 1.60% (b) (d)		5.68%		10/15/32			2,870,646
			Regatta XX Funding Ltd
	3,200,000		Series 2021-2A, Class A, 3 Mo. LIBOR + 1.16% (b) (d)		5.24%		10/15/34			3,096,816
			Residential Asset Mortgage Products, Inc.
	1,400,000		Series 2006-NC2, Class M1, 1 Mo. LIBOR + 0.54% (d)		4.58%		02/25/36			1,303,177
	1,863,765		Series 2006-RZ2, Class M1, 1 Mo. LIBOR + 0.33% (d)		4.54%		05/25/36			1,815,990
			Residential Asset Securities Corp.
	36,336		Series 2005-KS11, Class M2, 1 Mo. LIBOR + 0.63% (d)		4.67%		12/25/35			36,024
			Rockford Tower CLO Ltd.
	1,325,000		Series 2019-2A, Class BR, 3 Mo. LIBOR + 1.65% (b) (d)		6.33%		08/20/32			1,269,285
	1,800,000		Series 2020-1A, Class B, 3 Mo. LIBOR + 1.80% (b) (d)		6.04%		01/20/32			1,737,907
			Sabey Data Center Issuer LLC
	1,785,000		Series 2020-1, Class A2 (b)		3.81%		04/20/45			1,666,647
			Saxon Asset Securities Trust
	1,172,075		Series 2006-1, Class M1, 1 Mo. LIBOR + 0.47% (d)		4.51%		03/25/36			1,105,988
			Securitized Asset Backed Receivables LLC Trust
	2,333,687		Series 2006-CB5, Class A3, 1 Mo. LIBOR + 0.28% (d)		4.32%		06/25/36			1,479,828
			Skyline Aircraft Finance LLC
	631,829		Series 2020-1, Class A (n) (o)		3.23%		05/10/38			562,391
			SLC Student Loan Trust
	933,418		Series 2008-1, Class A4A, 3 Mo. LIBOR + 1.60% (d)		4.89%		12/15/32			929,057
			SLM Student Loan EDC Repackaging Trust
	1,000		Series 2013-M1, Class M1R (b)		(h)		10/28/29			461,650
			SLM Student Loan Trust
	2,030,332		Series 2006-2, Class B, 3 Mo. LIBOR + 0.22% (d)		4.58%		01/25/41			1,862,970
	3,400		Series 2006-2, Class R		(h)		01/25/41			433,569
	2,184,925		Series 2007-1, Class B, 3 Mo. LIBOR + 0.22% (d)		4.58%		01/27/42			1,927,060
	1,375		Series 2007-4, Class R		(h)		01/25/42			360,903
	1,631,325		Series 2007-7, Class A4, 3 Mo. LIBOR + 0.33% (d)		4.69%		01/25/22			1,574,460
	905,000		Series 2007-7, Class B, 3 Mo. LIBOR + 0.75% (d)		5.11%		10/27/70			715,897
	300,000		Series 2008-2, Class B, 3 Mo. LIBOR + 1.20% (d)		5.56%		01/25/83			231,868
	300,000		Series 2008-3, Class B, 3 Mo. LIBOR + 1.20% (d)		5.56%		04/26/83			247,590
	753,844		Series 2008-4, Class A4, 3 Mo. LIBOR + 1.65% (d)		6.01%		07/25/22			750,748
	2,219,779		Series 2008-5, Class A4, 3 Mo. LIBOR + 1.70% (d)		6.06%		07/25/23			2,190,518
	650,000		Series 2008-5, Class B, 3 Mo. LIBOR + 1.85% (d)		6.21%		07/25/73			608,852
	340,000		Series 2008-6, Class B, 3 Mo. LIBOR + 1.85% (d)		6.21%		07/26/83			308,027
	220,000		Series 2008-8, Class B, 3 Mo. LIBOR + 2.25% (d)		6.61%		10/25/75			210,206
	1,875,084		Series 2008-9, Class A, 3 Mo. LIBOR + 1.50% (d)		5.86%		04/25/23			1,853,690
	800,000		Series 2008-9, Class B, 3 Mo. LIBOR + 2.25% (d)		6.61%		10/25/83			737,845
	100,000		Series 2012-7, Class B, 1 Mo. LIBOR + 1.80% (d)		5.82%		09/25/43			93,836
			Soundview Home Loan Trust
	2,042,128		Series 2007-OPT1, Class 2A3, 1 Mo. LIBOR + 0.21% (d)		4.25%		06/25/37			1,400,790
	197,859		Series 2007-OPT2, Class 2A4, 1 Mo. LIBOR + 0.25% (d)		4.27%		07/25/37			153,477

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Specialty Underwriting & Residential Finance Trust
$	2,746,667		Series 2006-AB3, Class A2C, 1 Mo. LIBOR + 0.48% (d)		4.52%		09/25/37		$	1,909,711
			Structured Asset Securities Corp Mortgage Loan Trust
	4,812,094		Series 2005-2XS, Class M1, 1 Mo. LIBOR + 0.71% (d)		4.75%		02/25/35			4,799,325
	974,439		Series 2006-BC3, Class A3, 1 Mo. LIBOR + 0.32% (d)		4.36%		10/25/36			808,587
			Structured Receivables Finance LLC
	64,164		Series 2010-B, Class A (b)		3.73%		08/15/36			61,505
			STWD Ltd.
	2,483,000		Series 2019-FL1, Class AS, 1 Mo. CME Term SOFR + 1.51% (b) (d)		5.33%		07/15/38			2,395,024
			TAL Advantage VII LLC
	2,769,413		Series 2020-1A, Class A (b)		2.05%		09/20/45			2,414,952
			Textainer Marine Containers Ltd.
	1,620,000		Series 2021-3A, Class A (b)		1.94%		08/20/46			1,325,365
			Textainer Marine Containers VII Ltd.
	1,998,618		Series 2020-2A, Class A (b)		2.10%		09/20/45			1,737,616
			Trestles CLO V Ltd.
	1,900,000		Series 2021-5A, Class A1, 3 Mo. LIBOR + 1.17% (b) (d)		5.41%		10/20/34			1,835,323
			Tricon American Homes Trust
	1,400,000		Series 2017-SFR2, Class E (b)		4.22%		01/17/36			1,353,455
			Triton Container Finance VIII LLC
	3,120,042		Series 2021-1A, Class A (b)		1.86%		03/20/46			2,608,169
			TRP LLC
	3,518,681		Series 2021-1, Class A (b)		2.07%		06/19/51			2,974,305
			Wachovia Student Loan Trust
	1,296,149		Series 2006-1, Class B, 3 Mo. LIBOR + 0.24% (b) (d)		4.60%		04/25/40			1,197,960
			WaMu Asset-Backed Certificates WaMu Trust
	1,603,427		Series 2007-HE2, Class 2A3, 1 Mo. LIBOR + 0.25% (d)		4.29%		04/25/37			629,120
			Washington Mutual Asset-Backed Certificates WMABS Trust
	413,587		Series 2006-HE5, Class 1A, 1 Mo. LIBOR + 0.16% (d)		4.20%		10/25/36			321,470
			Total Asset-Backed Securities							246,049,552
			(Cost $267,133,487)
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 18.0%
			Collateralized Mortgage Obligations — 0.1%
			Federal Home Loan Mortgage Corporation
	206,231		Series 2019-4919, Class FP, 1 Mo. LIBOR + 0.45% (d)		4.47%		09/25/49			200,299
			Federal National Mortgage Association
	923,560		Series 2011-116, Class SA, IO, 1 Mo. LIBOR × -1 + 6.00% (p)		1.98%		11/25/41			68,977
	128,706		Series 2012-56, Class FK, 1 Mo. LIBOR + 0.45% (d)		4.47%		06/25/42			125,989
	106,085		Series 2012-128, Class UA		2.50%		06/25/42			94,546
	1,026,801		Series 2013-18, Class MI, IO		3.00%		02/25/33			56,413
	260,815		Series 2019-33, Class FN, 1 Mo. LIBOR + 0.40% (d)		4.42%		07/25/49			255,074
			Government National Mortgage Association
	959,451		Series 2003-110, Class S, IO, 1 Mo. LIBOR × -1 + 6.60% (p)		2.66%		10/20/33			21,395
	958,247		Series 2018-63, Class IO, IO		4.00%		09/20/47			155,433
	266,324		Series 2019-86, Class FE, 1 Mo. LIBOR + 0.40% (d)		4.34%		07/20/49			262,475
	187,250		Series 2020-133, Class FA (e)		3.86%		02/20/49			184,606
										1,425,207
			Commercial Mortgage-Backed Securities — 0.8%
			Federal Home Loan Mortgage Corporation Multiclass Certificates
	11,033,590		Series 2021-P009, Class X, IO (a)		1.55%		01/25/31			597,676

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Securities (Continued)
			Federal Home Loan Mortgage Corporation Multifamily PC REMIC Trust
$	4,095,000		Series 2019-P002, Class X, IO (e)		1.14%		07/25/33		$	322,791
			Federal Home Loan Mortgage Corporation Multifamily Structured Pass-Through Certificates
	17,398,392		Series 2013-K026, Class X3, IO (a)		1.79%		12/25/40			1,211
	67,339,822		Series 2013-K031, Class X1, IO (a)		0.29%		04/25/23			27,367
	16,675,065		Series 2013-K035, Class X1, IO (a)		0.45%		08/25/23			31,839
	4,000,000		Series 2013-K035, Class X3, IO (a)		1.85%		12/25/41			47,738
	2,500,000		Series 2014-K037, Class X3, IO (a)		2.28%		01/25/42			57,303
	30,701,996		Series 2014-K039, Class X1, IO (a)		0.82%		07/25/24			273,770
	2,145,000		Series 2014-K039, Class X3, IO (a)		2.18%		08/25/42			83,799
	114,544,470		Series 2015-K043, Class X1, IO (a)		0.64%		12/25/24			1,047,257
	11,121,791		Series 2015-K044, Class X1, IO (a)		0.87%		01/25/25			142,667
	20,449,223		Series 2015-K048, Class X3, IO (a)		1.54%		08/25/43			681,434
	15,702,020		Series 2015-K051, Class X1, IO (a)		0.64%		09/25/25			182,737
	6,897,149		Series 2016-K056, Class X3, IO (a)		2.18%		06/25/44			428,084
	1,900,000		Series 2016-K060, Class X3, IO (a)		1.96%		12/25/44			117,302
	26,082,170		Series 2016-K723, Class X3, IO (a)		1.97%		10/25/34			399,569
	84,652		Series 2016-KF25, Class A, 1 Mo. LIBOR + 0.48% (d)		4.28%		10/25/23			84,581
	3,617,809		Series 2016-KS06, Class X, IO (a)		1.18%		08/25/26			94,900
	4,819,370		Series 2016-KS07, Class X, IO (a)		0.75%		09/25/25			75,643
	8,464,279		Series 2017-K726, Class X1, IO (a)		1.04%		04/25/24			84,854
	2,230,000		Series 2017-K728, Class X3, IO (a)		2.02%		11/25/45			81,643
	1,353,921		Series 2019-KC04, Class X1, IO (a)		1.41%		12/25/26			39,431
	6,958,827		Series 2019-KC05, Class X1, IO (a)		1.35%		06/25/27			214,612
	4,859,079		Series 2019-KLU1, Class X3, IO (a)		4.19%		01/25/31			595,641
	77,050,000		Series 2022-Q017, Class X, IO (e)		1.22%		04/25/30			1,195,976
			FREMF Mortgage Trust
	2,282,949		Series 2019-KF64, Class B, 1 Mo. LIBOR + 2.30% (b) (d)		6.10%		06/25/26			2,258,604
			Federal National Mortgage Association
	33,627		Series 2016-M2, Class X3, IO (a)		2.09%		04/25/36			2
	1,234,737		Series 2016-M4, Class X2, IO (a)		2.70%		01/25/39			19,930
	109,366		Series 2016-M11, Class X2, IO (a)		3.07%		07/25/39			2,824
	175,008		Series 2018-M10, Class A1 (a)		3.47%		07/25/28			172,665
	6,100,000		Series 2019-M29, Class X4, IO		0.70%		03/25/29			195,468
			Government National Mortgage Association
	0		Series 2011-77, Class IO, IO (e) (k)		4.28%		04/16/42			0
	133,447		Series 2011-119, Class D		3.51%		04/16/45			129,827
	444,743		Series 2011-142, Class B (e)		3.37%		02/16/44			442,243
	330,664		Series 2013-125, Class IO, IO (e)		0.20%		10/16/54			4,438
	19,959		Series 2013-162, Class C (e)		3.00%		01/16/44			19,908
	734,346		Series 2014-52, Class D (e)		3.63%		05/16/46			713,807
	728,487		Series 2014-125, Class IO, IO (e)		0.91%		11/16/54			19,091
										10,888,632
			Pass-through Securities — 17.1%
			Federal Home Loan Mortgage Corporation
	558,627		Pool WN0006		3.42%		07/01/30			523,797
			Federal National Mortgage Association
	459,611		Pool AM2974		4.10%		04/01/43			434,162
	1,491,746		Pool AM9897		3.50%		09/01/35			1,367,952
	33,700,000		Pool TBA (q)		3.00%		12/15/52			29,838,607
	5,550,000		Pool TBA (q)		4.00%		12/15/52			5,249,736

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Federal National Mortgage Association (Continued)
$	37,725,000		Pool TBA (q)		4.50%		12/15/52		$	36,728,824
	48,850,000		Pool TBA (q)		5.00%		12/15/52			48,621,016
	44,425,000		Pool TBA (q)		2.00%		01/15/53			36,647,154
	77,900,000		Pool TBA (q)		2.50%		01/15/53			66,741,434
										226,152,682
			Total U.S. Government Agency Mortgage-Backed Securities							238,466,521
			(Cost $236,523,364)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES — 6.4%
			Agriculture — 0.1%
	1,200,000		Imperial Brands Finance PLC (USD) (b)		6.13%		07/27/27			1,201,486
			Banks — 2.6%
	1,025,000		ABN AMRO Bank N.V. (USD) (b) (f)		2.47%		12/13/29			831,990
	2,160,000		Credit Suisse Group AG (USD) (b) (f)		1.31%		02/02/27			1,708,340
	5,550,000		Credit Suisse Group AG (USD) (b) (f)		3.09%		05/14/32			3,786,164
	4,700,000		Credit Suisse Group AG (USD) (b) (f)		6.54%		08/12/33			4,122,941
	3,865,000		Credit Suisse Group AG (USD) (b) (f)		9.02%		11/15/33			3,927,551
	955,000		DNB Bank ASA (USD) (b) (f)		0.86%		09/30/25			876,918
	435,000		DNB Bank ASA (USD) (b) (f)		1.61%		03/30/28			370,088
	505,000		HSBC Holdings PLC (USD) (f)		1.59%		05/24/27			432,933
	3,180,000		HSBC Holdings PLC (USD) (f)		4.76%		06/09/28			3,017,609
	2,660,000		HSBC Holdings PLC (USD) (f)		2.01%		09/22/28			2,209,357
	1,440,000		HSBC Holdings PLC (USD) (f)		2.21%		08/17/29			1,164,872
	565,000		HSBC Holdings PLC (USD) (f)		2.36%		08/18/31			431,847
	1,797,000		HSBC Holdings PLC (USD) (f)		2.80%		05/24/32			1,397,727
	200,000		Lloyds Banking Group PLC (USD)		3.90%		03/12/24			196,316
	365,000		Lloyds Banking Group PLC (USD) (f)		3.87%		07/09/25			351,521
	760,000		Lloyds Banking Group PLC (USD) (f)		3.57%		11/07/28			678,948
	1,575,000		Lloyds Banking Group PLC (USD) (f)		4.98%		08/11/33			1,451,538
	565,000		Macquarie Group Ltd. (USD) (b) (f)		1.34%		01/12/27			488,734
	785,000		Macquarie Group Ltd. (USD) (b) (f)		2.69%		06/23/32			609,397
	1,070,000		Macquarie Group Ltd. (USD) (b) (f)		2.87%		01/14/33			822,536
	1,575,000		NatWest Group PLC (USD) (f)		4.27%		03/22/25			1,533,179
	1,420,000		Santander UK Group Holdings PLC (USD) (f)		4.80%		11/15/24			1,393,698
	525,000		Santander UK Group Holdings PLC (USD) (f)		1.09%		03/15/25			487,308
	2,390,000		Santander UK Group Holdings PLC (USD) (f)		1.67%		06/14/27			2,028,087
	430,000		Santander UK Group Holdings PLC (USD) (f)		2.47%		01/11/28			366,394
										34,685,993
			Beverages — 0.1%
	505,000		Bacardi Ltd. (USD) (b)		2.75%		07/15/26			458,687
	670,000		Bacardi Ltd. (USD) (b)		4.70%		05/15/28			637,960
	1,000,000		Becle SAB de CV (USD) (b)		2.50%		10/14/31			778,695
										1,875,342

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Biotechnology — 0.1%
	1,400,000		Grifols Escrow Issuer S.A. (USD) (b)		4.75%		10/15/28		$	1,178,016
			Chemicals — 0.2%
	700,000		Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B B.V. (USD) (b)		4.75%		06/15/27			642,734
	1,675,000		EverArc Escrow Sarl (USD) (b)		5.00%		10/30/29			1,341,952
	275,000		Herens Holdco Sarl (USD) (b)		4.75%		05/15/28			220,441
										2,205,127
			Commercial Services — 0.0%
	200,000		DP World Crescent Ltd. (USD) (b)		4.85%		09/26/28			195,365
			Computers — 0.1%
	600,000		Lenovo Group Ltd. (USD) (b)		6.54%		07/27/32			583,991
			Diversified Financial Services — 0.7%
	55,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		4.13%		07/03/23			54,519
	115,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		3.88%		01/23/28			103,755
	1,650,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		3.00%		10/29/28			1,395,260
	2,720,000		AerCap Ireland Capital DAC / AerCap Global Aviation Trust (USD)		3.30%		01/30/32			2,169,670
	100,000		Avolon Holdings Funding Ltd. (USD) (b)		3.95%		07/01/24			95,283
	325,000		Avolon Holdings Funding Ltd. (USD) (b)		2.88%		02/15/25			298,566
	4,645,000		Avolon Holdings Funding Ltd. (USD) (b)		2.53%		11/18/27			3,759,983
	1,250,000		ORIX Corp. (USD)		5.20%		09/13/32			1,221,381
	82,000		Park Aerospace Holdings Ltd. (USD) (b)		5.50%		02/15/24			80,826
										9,179,243
			Electric — 0.1%
	500,000		Comision Federal de Electricidad (USD) (b)		4.69%		05/15/29			438,356
	250,000		Mong Duong Finance Holdings B.V. (USD) (r)		5.13%		05/07/29			213,438
										651,794
			Engineering & Construction — 0.0%
	735,000		Heathrow Funding Ltd., Medium-Term Note (EUR) (r)		1.88%		03/14/34			567,822
			Environmental Control — 0.1%
	1,400,000		GFL Environmental, Inc. (USD) (b)		4.00%		08/01/28			1,203,125
			Food — 0.3%
	1,700,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		3.75%		12/01/31			1,411,136
	650,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		5.75%		04/01/33			631,299
	1,285,000		JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. (USD) (b)		6.50%		12/01/52			1,241,663
										3,284,098
			Internet — 0.0%
	200,000		Tencent Holdings Ltd. (USD) (b)		3.68%		04/22/41			146,243
	200,000		Tencent Holdings Ltd. (USD) (b)		3.84%		04/22/51			139,071
										285,314

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Machinery-Diversified — 0.0%
	222,000		Titan Acquisition Ltd. / Titan Co-Borrower LLC (USD) (b)		7.75%		04/15/26		$	197,409
			Media — 0.1%
	1,500,000		VZ Secured Financing B.V. (USD) (b)		5.00%		01/15/32			1,243,140
			Mining — 0.1%
	200,000		Freeport Indonesia PT (USD) (b)		4.76%		04/14/27			193,200
	1,200,000		Indonesia Asahan Aluminium Persero PT (USD) (r)		4.75%		05/15/25			1,175,729
										1,368,929
			Miscellaneous Manufacturing — 0.1%
	1,843,000		GE Capital International Funding Co. Unlimited Co. (USD)		4.42%		11/15/35			1,743,002
	40,000		Ingersoll-Rand Luxembourg Finance S.A. (USD)		3.55%		11/01/24			38,915
										1,781,917
			Oil & Gas — 0.6%
	250,000		Ecopetrol S.A. (USD)		6.88%		04/29/30			224,299
	1,100,000		KazMunayGas National Co. JSC (USD) (r)		5.38%		04/24/30			989,419
	1,100,000		Pertamina Persero PT (USD) (b)		3.10%		08/27/30			955,197
	449,000		Petroleos Mexicanos (USD)		5.95%		01/28/31			337,115
	105,000		Petroleos Mexicanos (USD)		6.75%		09/21/47			66,842
	170,000		Petroleos Mexicanos (USD)		6.35%		02/12/48			103,769
	110,000		Petroleos Mexicanos (USD)		6.95%		01/28/60			70,563
	2,750,000		Petronas Capital Ltd. (USD) (b)		3.50%		04/21/30			2,533,162
	1,650,000		Qatar Energy (USD) (r)		2.25%		07/12/31			1,377,842
	200,000		SA Global Sukuk Ltd. (USD) (r)		1.60%		06/17/26			179,353
	700,000		Saudi Arabian Oil Co. (USD) (r)		1.63%		11/24/25			639,407
	200,000		Saudi Arabian Oil Co. (USD) (b)		2.25%		11/24/30			165,954
	331,625		Transocean Poseidon Ltd. (USD) (b)		6.88%		02/01/27			322,936
										7,965,858
			Oil & Gas Services — 0.1%
	1,026,000		Transocean Phoenix 2 Ltd. (USD) (b)		7.75%		10/15/24			1,017,038
	276,750		Transocean Proteus Ltd. (USD) (b)		6.25%		12/01/24			271,648
										1,288,686
			Packaging & Containers — 0.1%
	2,000,000		Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (USD) (b)		5.20%		08/15/27			1,516,300
			Pharmaceuticals — 0.0%
	365,000		Jazz Securities DAC (USD) (b)		4.38%		01/15/29			331,612
			Pipelines — 0.2%
	2,219,184		Galaxy Pipeline Assets Bidco Ltd. (USD) (b)		2.16%		03/31/34			1,880,020
	400,000		KazTransGas JSC (USD) (r)		4.38%		09/26/27			357,884
										2,237,904
			Real Estate — 0.0%
	605,000		China Aoyuan Group Ltd. (USD) (r)		6.35%		02/08/24			32,304
	200,000		China SCE Group Holdings Ltd. (USD) (r)		7.00%		05/02/25			45,375
	400,000		Sunac China Holdings Ltd. (USD) (r)		6.50%		01/10/25			46,623
	200,000		Times China Holdings Ltd. (USD) (r)		6.75%		07/08/25			18,815
	300,000		Vonovia SE (EUR) (r)		1.50%		06/14/41			195,590

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Real Estate (Continued)
	415,000		Zhenro Properties Group Ltd. (USD) (j) (r)		6.63%		01/07/26		$	14,595
										353,302
			Real Estate Investment Trusts — 0.0%
	510,000		CapitaLand Ascendas REIT, Medium-Term Note (EUR) (r)		0.75%		06/23/28			425,598
			Retail — 0.0%
	510,000		Alimentation Couche-Tard, Inc. (USD) (b)		3.55%		07/26/27			470,705
			Savings & Loans — 0.2%
	135,000		Nationwide Building Society (USD) (b) (f)		3.77%		03/08/24			133,930
	1,165,000		Nationwide Building Society (USD) (b) (f)		4.36%		08/01/24			1,148,223
	1,520,000		Nationwide Building Society (USD) (b) (f)		2.97%		02/16/28			1,332,864
										2,615,017
			Software — 0.1%
	625,000		Open Text Corp. (USD) (b) (m)		6.90%		12/01/27			626,538
			Telecommunications — 0.4%
	200,000		C&W Senior Financing DAC (USD) (b)		6.88%		09/15/27			178,500
	1,500,000		Global Switch Finance B.V. (EUR) (r)		1.38%		10/07/30			1,335,983
	600,000		Intelsat Jackson Holdings S.A. (USD) (j)		5.50%		08/01/23			5,160
	750,000		Intelsat Jackson Holdings S.A. (USD) (b) (j)		8.50%		10/15/24			5,625
	303,000		Intelsat Jackson Holdings S.A. (USD) (b) (j)		9.75%		07/15/25			2,606
	1,929,000		Intelsat Jackson Holdings S.A. (USD) (b) (j)		6.50%		03/15/30			1,779,502
	200,000		SES S.A. (USD) (b)		3.60%		04/04/23			198,155
	1,235,000		Vmed O2 UK Financing I PLC (USD) (b)		4.25%		01/31/31			992,965
	895,000		Vodafone Group PLC (USD)		5.25%		05/30/48			805,118
	113,000		Vodafone Group PLC (USD)		4.88%		06/19/49			96,584
	580,000		Vodafone Group PLC (USD)		4.25%		09/17/50			458,931
										5,859,129
			Total Foreign Corporate Bonds and Notes							85,378,760
			(Cost $95,434,299)
FOREIGN SOVEREIGN BONDS — 4.3%
			Brazil — 0.3%
	1,650,000		Brazilian Government International Bond (USD)		2.88%		06/06/25			1,558,458
	1,200,000		Brazilian Government International Bond (USD)		4.63%		01/13/28			1,151,839
	1,350,000		Brazilian Government International Bond (USD)		3.88%		06/12/30			1,180,883
										3,891,180
			Chile — 0.3%
	1,137,000		Chile Government International Bond (USD)		3.24%		02/06/28			1,064,941
	200,000		Chile Government International Bond (USD)		2.45%		01/31/31			169,327
	2,852,000		Chile Government International Bond (USD)		2.55%		01/27/32			2,389,795
										3,624,063

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS (Continued)
			Colombia — 0.3%
	2,250,000		Colombia Government International Bond (USD)		4.50%		01/28/26		$	2,093,680
	2,250,000		Colombia Government International Bond (USD)		3.00%		01/30/30			1,698,607
	400,000		Colombia Government International Bond (USD)		3.13%		04/15/31			293,296
	200,000		Colombia Government International Bond (USD) (m)		8.00%		04/20/33			197,955
										4,283,538
			Dominican Republic — 0.2%
	2,850,000		Dominican Republic International Bond (USD) (b)		4.50%		01/30/30			2,427,214
	200,000		Dominican Republic International Bond (USD) (r)		4.88%		09/23/32			165,836
										2,593,050
			Egypt — 0.0%
	400,000		Egypt Government International Bond (USD) (b)		5.25%		10/06/25			357,963
	200,000		Egypt Government International Bond (USD) (r)		5.25%		10/06/25			178,981
										536,944
			Guatemala — 0.2%
	700,000		Guatemala Government Bond (USD) (r)		4.90%		06/01/30			662,175
	1,717,000		Guatemala Government Bond (USD) (r)		3.70%		10/07/33			1,412,233
										2,074,408
			Hungary — 0.2%
	2,700,000		Hungary Government International Bond (USD) (b)		2.13%		09/22/31			2,030,284
			Indonesia — 0.3%
	800,000		Indonesia Government International Bond (USD)		2.85%		02/14/30			719,994
	3,050,000		Perusahaan Penerbit SBSN Indonesia III (USD) (b)		2.80%		06/23/30			2,694,583
										3,414,577
			Mexico — 0.4%
	3,150,000		Mexico Government International Bond (USD)		3.75%		01/11/28			2,998,517
	1,960,000		Mexico Government International Bond (USD)		2.66%		05/24/31			1,625,136
	600,000		Mexico Government International Bond (USD)		4.88%		05/19/33			564,745
										5,188,398
			Oman — 0.2%
	600,000		Oman Government International Bond (USD) (r)		6.75%		10/28/27			621,067
	1,450,000		Oman Government International Bond (USD) (r)		5.63%		01/17/28			1,423,927
										2,044,994
			Panama — 0.3%
	3,200,000		Panama Government International Bond (USD)		3.16%		01/23/30			2,781,131
	1,903,000		Panama Government International Bond (USD)		2.25%		09/29/32			1,436,765
										4,217,896
			Paraguay — 0.3%
	1,800,000		Paraguay Government International Bond (USD) (b)		4.95%		04/28/31			1,739,250
	2,600,000		Paraguay Government International Bond (USD) (b)		2.74%		01/29/33			2,080,650
										3,819,900
			Peru — 0.2%
	950,000		Peruvian Government International Bond (USD)		4.13%		08/25/27			922,531
	1,203,000		Peruvian Government International Bond (USD)		2.84%		06/20/30			1,031,350

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS (Continued)
			Peru (Continued)
	700,000		Peruvian Government International Bond (USD)		2.78%		01/23/31		$	588,059
	550,000		Peruvian Government International Bond (USD)		1.86%		12/01/32			410,055
										2,951,995
			Philippines — 0.2%
	3,300,000		Philippine Government International Bond (USD)		2.46%		05/05/30			2,857,783
	300,000		Philippine Government International Bond (USD)		1.95%		01/06/32			244,772
										3,102,555
			Poland — 0.0%
	289,000		Republic of Poland Government International Bond (USD)		5.75%		11/16/32			305,397
			Qatar — 0.2%
	2,302,000		Qatar Government International Bond (USD) (r)		4.50%		04/23/28			2,318,183
	250,000		Qatar Government International Bond (USD) (r)		3.75%		04/16/30			240,863
										2,559,046
			Romania — 0.1%
	2,350,000		Romanian Government International Bond (USD) (r)		3.00%		02/14/31			1,882,961
			Saudi Arabia — 0.1%
	1,900,000		Saudi Government International Bond (USD) (r)		3.63%		03/04/28			1,811,918
	200,000		Saudi Government International Bond (USD) (r)		3.25%		10/22/30			182,824
										1,994,742
			South Africa — 0.2%
	2,358,000		Republic of South Africa Government International Bond (USD)		4.30%		10/12/28			2,144,660
	620,000		Republic of South Africa Government International Bond (USD)		4.85%		09/30/29			563,845
	400,000		Republic of South Africa Government International Bond (USD)		5.88%		04/20/32			371,225
										3,079,730
			United Arab Emirates — 0.2%
	2,000,000		Abu Dhabi Government International Bond (USD) (r)		2.50%		09/30/29			1,802,154
	350,000		Abu Dhabi Government International Bond (USD) (r)		3.13%		04/16/30			325,818
										2,127,972
			Uruguay — 0.1%
	500,000		Uruguay Government International Bond (USD)		4.38%		10/27/27			505,878
	1,100,000		Uruguay Government International Bond (USD)		4.38%		01/23/31			1,101,217
										1,607,095
			Total Foreign Sovereign Bonds							57,330,725
			(Cost $62,134,651)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT BONDS AND NOTES — 1.8%
$	25,000,000		Federal Home Loan Bank Discount Notes		(h)		04/13/23			24,583,712
			(Cost $24,641,766)

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY SECURITIES — 0.2%
$	2,515,000		Federal Home Loan Banks		1.61%		09/04/24		$	2,387,732
			(Cost $2,515,000)
MUNICIPAL BONDS — 0.1%
			California — 0.1%
	1,010,000		Los Angeles CA Unif Sch Dist Build America Bonds		5.75%		07/01/34			1,070,161
	75,000		Univ of CA Rev Txbl Gen Ref, Ser AJ		4.60%		05/15/31			73,634
										1,143,795
			Colorado — 0.0%
	220,000		City & Cnty of Denver Cnty Arpt Rev		2.24%		11/15/30			180,955
			New York — 0.0%
	50,000		Metro Transprtn Auth NY Rev Txbl Green Bond, Ser C2		5.18%		11/15/49			45,657
			Total Municipal Bonds							1,370,407
			(Cost $1,587,488)

 

Shares			Description		Value
COMMON STOCKS — 0.0%
			Telecommunications — 0.0%
	15,736		Intelsat Jackson Emergence S.A. (k) (n) (o) (s)			0
			(Cost $527,164)
RIGHTS — 0.0%
			Telecommunications — 0.0%
	1,648		Intelsat Jackson Holdings S.A., Series A (k) (n) (o) (s)			0
	1,648		Intelsat Jackson Holdings S.A., Series B (k) (n) (o) (s)			0
			Total Rights			0
			(Cost $0)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. TREASURY BILLS — 11.9%
$	6,095,000		U.S. Treasury Bill		(h)		12/01/22			6,095,000
	14,545,000		U.S. Treasury Bill		(h)		01/05/23			14,491,278
	17,895,000		U.S. Treasury Bill		(h)		01/12/23			17,813,682
	47,310,000		U.S. Treasury Bill		(h)		01/19/23			47,058,702
	13,120,000		U.S. Treasury Bill		(h)		01/26/23			13,037,344
	60,000,000		U.S. Treasury Bill		(h)		03/09/23			59,308,147
			Total U.S. Treasury Bills							157,804,153
			(Cost $158,022,607)

 

Shares			Description		Value
MONEY MARKET FUNDS — 6.0%
	78,856,175		JPMorgan 100% U.S. Treasury Securities Money Market Fund - Institutional Class - 3.51% (t)			78,856,175
			(Cost $78,856,175)

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

			Description		Value
			Total Investments — 114.0%		$	1,510,666,630
			(Cost $1,601,974,360)
			Net Other Assets and Liabilities — (14.0)%			(186,088,133
			Net Assets — 100.0%		$	1,324,578,497

 

1

 

Forward Foreign Currency Contracts at November 30, 2022:

Settlement Date

Counterparty

Amount Purchased

Amount Sold

Purchase Value as of 11/30/2022

Sale Value as of 11/30/2022

Unrealized Appreciation (Depreciation)

01/13/2023

BOFA

USD

2,868,105

EUR

2,897,000

$

2,868,105

$

3,026,077

$

(157,972)

Counterparty Abbreviations:

BOFA - Bank of America N.A.

 

 

Futures Contracts at November 30, 2022:
Futures Contracts		Position		Number of Contracts		Expiration Date			Notional Value				Unrealized Appreciation (Depreciation)/ Value
U.S. 2-Year Treasury Notes		Long		775		Mar-2023		$	159,153,516			$	403,373
U.S. 5-Year Treasury Notes		Long		1,800		Mar-2023			195,426,563				1,026,657
Euro-Bund Future		Short		13		Dec-2022			(1,905,804	)			18,847
Ultra 10-Year U.S. Treasury Notes		Short		1,382		Mar-2023			(165,364,937	)			(1,460,164	)
Ultra U.S. Treasury Bond Futures		Short		411		Mar-2023			(56,011,594	)			(924,560	)
								$	131,297,744			$	(935,847	)

Interest Rate Swap Agreements at November 30, 2022:

 

Counterparty		Floating Rate		Expiration Date		Notional Value				Fixed Rate		Unrealized Appreciation (Depreciation)/ Value
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025		$	12,290,000			1.026%(1)		$	(703,174	)
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025			9,080,000			1.034%(1)			(518,175	)
Citibank, Global Markets, Inc.		3 month LIBOR(1)		07/24/2025			6,145,000			1.073%(1)			(346,266	)
Citibank, Global Markets, Inc.		3 month LIBOR(2)		09/28/2025			20,785,000			1.390%(2)			(975,446	)
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			1,030,000			1.773%(3)			294,467
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			755,000			1.785%(3)			214,094
Citibank, Global Markets, Inc.		3 month LIBOR(3)		07/24/2053			515,000			1.808%(3)			143,886
Citibank, Global Markets, Inc.		3 month LIBOR(4)		09/28/2053			1,775,000			1.870%(4)			465,360
JPMorgan Chase and Co.		SOFR(5)		06/10/2024			54,810,000			1.950%(5)			(2,170,701	)
						$	107,185,000					$	(3,595,955	)

 

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

(1)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 07/24/2023 and no interest is being accrued until that date.
(2)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 09/28/2023 and no interest is being accrued until that date.
(3)	The Fund pays the fixed rate and receives the floating rate. The floating rate is not effective until 07/24/2023 and no interest is being accrued until that date.
(4)	The Fund pays the fixed rate and receives the floating rate. The floating rate is not effective until 09/28/2023 and no interest is being accrued until that date.
(5)	The Fund pays the floating rate and receives the fixed rate. The floating rate is not effective until 06/14/2023 and no interest is being accrued until that date.

 

 

 

(a)	Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically.
(b)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At November 30, 2022, securities noted as such amounted to $515,100,107 or 38.9% of net assets.
(c)	Step-up security. A security where the coupon increases or steps up at a predetermined date. The coupon rate is determined based on the underlying investments. The coupon rate resets periodically.
(d)	Floating or variable rate security.
(e)	Weighted Average Coupon security. Coupon is based on the blended interest rate of the underlying holdings, which may have different coupons. The coupon may change in any period.
(f)	Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at November 30, 2022. At a predetermined date, the fixed rate will change to a floating rate or a variable rate.
(g)	Perpetual maturity.
(h)	Zero coupon security.
(i)	This issuer has filed for protection in bankruptcy court.
(j)	This issuer is in default.
(k)	Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by the advisor.
(l)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers (see Restricted Securities table).

(m)	When-issued security. The interest rate shown reflects the rate in effect at November 30, 2022. Interest will begin accruing on the security’s first settlement date.
(n)	This security’s value was determined using significant unobservable inputs (see Valuation Inputs section).
(o)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At November 30, 2022, securities noted as such are valued at $562,391 or 0.0% of net assets.
(p)	Inverse floating rate security.
(q)	All or a portion of this security is part of a mortgage dollar roll agreement.
(r)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.
(s)	Non-income producing security.
(t)	Rate shown reflects yield as of November 30, 2022.

 

CME	-	Chicago Mercantile Exchange
IO	-	Interest-Only Security - Principal amount shown represents par value on which interest payments are based
LIBOR	-	London Interbank Offered Rate
SOFR	-	Secured Overnight Financing Rate
TBA	-	To-Be-Announced Security

 

 

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Currency Abbreviations:
EUR	-	Euro
USD	-	United States Dollar

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Mortgage-Backed Securities		$	327,218,797			$	—			$	327,218,797			$	—
Corporate Bonds and Notes*			291,220,096				—				291,220,096				—
Asset-Backed Securities			246,049,552				—				245,487,161				562,391
U.S. Government Agency Mortgage-Backed Securities			238,466,521				—				238,466,521				—
Foreign Corporate Bonds and Notes*			85,378,760				—				85,378,760				—
Foreign Sovereign Bonds and Notes**			57,330,725				—				57,330,725				—
U.S. Government Bonds and Notes			24,583,712				—				24,583,712				—
U.S. Government Agency Securities			2,387,732				—				2,387,732				—
Municipal Bonds***			1,370,407				—				1,370,407				—
Common Stocks*			—	****			—				—				—	****
Rights*			—	****			—				—				—	****
U.S. Treasury Bills			157,804,153				—				157,804,153				—
Money Market Funds			78,856,175				78,856,175				—				—
Total Investments			1,510,666,630				78,856,175				1,431,248,064				562,391
Futures Contracts			1,448,877				1,448,877				—				—
Interest Rate Swap Agreements			1,117,807				—				1,117,807				—
Total		$	1,513,233,314			$	80,305,052			$	1,432,365,871			$	562,391
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Forward Foreign Currency Contract		$	(157,972	)		$	—			$	(157,972	)		$	—
Futures Contracts			(2,384,724	)			(2,384,724	)			—				—
Interest Rate Swap Agreements			(4,713,762	)			—				(4,713,762	)			—
Total		$	(7,256,458	)		$	(2,384,724	)		$	(4,871,734	)		$	—

 

*	See Portfolio of Investments for industry breakout.
**	See Portfolio of Investments for country breakout.
***	See Portfolio of Investments for state breakout.
****	Investment is valued at $0.

 

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

 

 

First Trust TCW Unconstrained Plus Bond ETF (UCON)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Restricted Securities
As of November 30, 2022, the Fund held restricted securities as shown in the following table that the Advisor deemed illiquid.
Security		Acquisition Date		Principal Value				Current Price				Carrying Cost				Value				% of Net Assets
Ruby Pipeline LLC, 8.00%, 04/01/22		07/25/18, 04/01/21, 08/02/21		$	598,788			$	97.50			$	540,665			$	583,818			0.04%

 

 

 

 

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments

November 30, 2022 (Unaudited)

  

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 76.8%
			Collateralized Mortgage Obligations — 2.5%
			Federal Home Loan Mortgage Corporation
$	27,571		Series 2005-3071, Class TF, 1 Mo. LIBOR + 0.30% (a)		4.17%		04/15/35		$	27,471
	49,675		Series 2010-3778, Class L		3.50%		12/15/25			48,627
	102,136		Series 2017-360, Class 250		2.50%		11/15/47			93,244
	47,375		Series 2020-4993, Class OP, PO		(b)		10/25/58			40,280
	925,000		Series 2022-5210, Class LB		3.00%		08/25/50			708,846
			Federal Home Loan Mortgage Corporation STACR REMIC Trust
	700,000		Series 2021-HQA1, Class M2, 30 Day Average SOFR + 2.25% (a) (c)		5.77%		08/25/33			644,895
	1,100,000		Series 2022-DNA1, Class M1B, 30 Day Average SOFR + 1.85% (a) (c)		5.37%		01/25/42			1,007,674
			Federal National Mortgage Association
	117,794		Series 2006-56, Class FE, 1 Mo. LIBOR + 0.43% (a)		4.45%		07/25/36			116,537
	93,360		Series 2011-47, Class GF, 1 Mo. LIBOR + 0.57% (a)		4.59%		06/25/41			92,655
	115,174		Series 2018-50, Class BA		3.00%		07/25/48			105,066
	5,028		Series 2018-86, Class JA		4.00%		05/25/47			4,876
	81,179		Series 2019-67, Class FE, 1 Mo. LIBOR + 0.45% (a)		4.47%		11/25/49			79,070
										2,969,241
			Commercial Mortgage-Backed Securities — 0.1%
			Federal Home Loan Mortgage Corporation Multifamily Structured Pass-Through Certificates
	1,000,000		Series 2018-K732, Class X3, IO (d)		2.24%		05/25/46			50,790
			FREMF Mortgage Trust
	21,686,166		Series 2017-K726, Class X2B, IO (c)		0.10%		07/25/49			28,190
										78,980
			Pass-through Securities — 74.2%
			Federal Home Loan Mortgage Corporation
	52,715		Pool G08681		3.50%		12/01/45			49,467
	27,302		Pool G08792		3.50%		12/01/47			25,552
	99,481		Pool G60659		3.50%		08/01/46			93,312
	118,430		Pool G61748		3.50%		11/01/48			110,852
	135,569		Pool G67706		3.50%		12/01/47			127,008
	172,516		Pool G67710		3.50%		03/01/48			160,925
	1,941,048		Pool QD1841		2.00%		11/01/51			1,604,345
	1,552,632		Pool QD7088		2.00%		02/01/52			1,282,794
	1,862,308		Pool RA5855		2.50%		09/01/51			1,599,820
	419,147		Pool RA6528		2.50%		02/01/52			359,907
	116,900		Pool SD0499		3.00%		08/01/50			105,127
	1,061,261		Pool SD0956		2.50%		04/01/52			911,264
	2,058,712		Pool SD1011		2.50%		04/01/52			1,769,224
	60,529		Pool SD7502		3.50%		07/01/49			56,327
	123,980		Pool SD7511		3.50%		01/01/50			115,186
	76,916		Pool SD7513		3.50%		04/01/50			71,803
	970,384		Pool SD8194		2.50%		02/01/52			832,571
	1,019,975		Pool SD8212		2.50%		05/01/52			874,378
	77,078		Pool ZM1779		3.00%		09/01/46			69,986
			Federal National Mortgage Association
	28,191		Pool BE3619		4.00%		05/01/47			27,363
	1,525,481		Pool BQ6913		2.00%		12/01/51			1,260,867
	2,775,744		Pool BQ7056		2.00%		01/01/52			2,293,835
	631,189		Pool BT6597		2.00%		02/01/52			521,608
	726,263		Pool BU9074		2.00%		01/01/52			602,100

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)
			Pass-through Securities (Continued)
			Federal National Mortgage Association (Continued)
$	755,629		Pool BV7761		2.50%		03/01/52		$	649,614
	1,403,830		Pool BV8463		2.50%		04/01/52			1,204,947
	1,024,900		Pool BV8464		3.00%		04/01/52			919,425
	1,447,718		Pool BV8477		3.00%		05/01/52			1,284,607
	1,437,674		Pool BV8515		3.00%		05/01/52			1,274,766
	52,867		Pool CA0995		3.50%		01/01/48			49,426
	584,278		Pool CA5689		3.00%		05/01/50			525,867
	980,683		Pool CB2852		2.00%		11/01/51			810,876
	2,507,246		Pool CB3151		2.00%		03/01/52			2,071,357
	68,208		Pool FM2870		3.00%		03/01/50			61,077
	1,465,678		Pool FS0139		2.50%		01/01/52			1,262,680
	1,115,139		Pool FS1598		2.00%		04/01/52			921,266
	63,530		Pool MA4093		2.00%		08/01/40			54,834
	92,858		Pool MA4152		2.00%		10/01/40			80,146
	142,453		Pool MA4176		2.00%		11/01/40			122,952
	150,254		Pool MA4204		2.00%		12/01/40			129,685
	192,849		Pool MA4333		2.00%		05/01/41			166,446
	1,175,624		Pool MA4387		2.00%		07/01/41			1,005,930
	2,133,580		Pool MA4437		2.00%		10/01/51			1,764,326
	1,148,666		Pool MA4438		2.50%		10/01/51			986,581
	1,034,860		Pool MA4512		2.50%		01/01/52			888,973
	2,896,676		Pool MA4547		2.00%		02/01/52			2,393,539
	1,019,616		Pool MA4548		2.50%		02/01/52			874,036
	1,855,458		Pool MA4579		3.00%		04/01/52			1,646,340
	3,075,000		Pool TBA (e)		3.00%		12/15/52			2,722,662
	2,200,000		Pool TBA (e)		3.50%		12/15/52			2,014,375
	1,900,000		Pool TBA (e)		4.00%		12/15/52			1,797,207
	6,650,000		Pool TBA (e)		4.50%		12/15/52			6,474,398
	5,300,000		Pool TBA (e)		5.00%		12/15/52			5,275,156
	17,525,000		Pool TBA (e)		2.00%		01/15/53			14,456,756
	13,550,000		Pool TBA (e)		2.50%		01/15/53			11,609,068
			Government National Mortgage Association
	46,885		Pool MA3873		3.00%		08/20/46			43,058
	58,578		Pool MA4382		3.50%		04/20/47			55,059
	43,860		Pool MA4778		3.50%		10/20/47			41,338
	30,676		Pool MA4779		4.00%		10/20/47			29,750
	8,875,000		Pool TBA (e)		2.50%		12/15/52			7,803,066
										88,397,210
			Total U.S. Government Agency Mortgage-Backed Securities							91,445,431
			(Cost $93,541,395)
MORTGAGE-BACKED SECURITIES — 35.4%
			Collateralized Mortgage Obligations — 23.6%
			Alternative Loan Trust
	216,172		Series 2005-16, Class A4, 1 Mo. LIBOR + 0.48% (a)		4.52%		06/25/35			180,569
	134,339		Series 2007-5CB, Class 1A11		6.00%		04/25/37			79,106
	117,052		Series 2007-15CB, Class A5		5.75%		07/25/37			72,969

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			Alternative Loan Trust (Continued)
$	341,931		Series 2007-HY8C, Class A1, 1 Mo. LIBOR + 0.32% (a)		4.36%		09/25/47		$	293,171
	155,575		Series 2007-OA7, Class A1A, 1 Mo. LIBOR + 0.36% (a)		4.40%		05/25/47			130,228
			American Home Mortgage Assets Trust
	328,483		Series 2006-1, Class 1A1, 1 Mo. LIBOR + 0.21% (a)		4.25%		05/25/46			276,349
	107,374		Series 2006-3, Class 1A1, 12 Mo. Treasury Average + 0.97% (a)		2.66%		10/25/46			88,954
			Banc of America Funding Trust
	124,272		Series 2007-C, Class 7A1, 1 Mo. LIBOR + 0.42% (a)		4.36%		05/20/47			108,352
			BCAP LLC Trust
	90,177		Series 2006-AA2, Class A1, 1 Mo. LIBOR + 0.34% (a)		4.38%		01/25/37			75,641
			Bear Stearns ALT-A Trust
	524,839		Series 2005-1, Class M2, 1 Mo. LIBOR + 1.13% (a)		5.17%		01/25/35			520,482
	696,008		Series 2006-1, Class 21A2 (d)		3.45%		02/25/36			527,537
			Bear Stearns ARM Trust
	170,324		Series 2005-1, Class 2A1 (d)		3.32%		03/25/35			157,184
			CHL Mortgage Pass-Through Trust
	203,581		Series 2004-25, Class 2A1, 1 Mo. LIBOR + 0.68% (a)		4.72%		02/25/35			168,435
	101,378		Series 2007-20, Class A1		6.50%		01/25/38			49,389
			CIM Trust
	387,411		Series 2021-NR2, Class A1, steps up to 5.57% on 03/25/24 (c) (f)		2.57%		07/25/59			354,752
	91,275		Series 2021-NR3, Class A1, Steps-up to 5.57% on 04/25/24 (c) (f)		2.57%		06/25/57			85,512
	234,150		Series 2021-R3, Class A1A (c)		1.95%		06/25/57			205,962
			Citigroup Mortgage Loan Trust
	258,457		Series 2009-10, Class 2A2 (c)		7.00%		12/25/35			192,534
			Connecticut Avenue Securities Trust
	500,000		Series 2021-R03, Class 1B2, 30 Day Average SOFR + 5.50% (a) (c)		9.02%		12/25/41			426,186
	750,000		Series 2021-R03, Class 1M2, 30 Day Average SOFR + 1.65% (a) (c)		5.17%		12/25/41			693,630
			Credit Suisse Mortgage Trust
	536,350		Series 2014-8R, Class 3A2 (c) (d)		4.14%		02/27/36			512,386
	287,134		Series 2020-RPL2, Class A12 (c)		3.45%		02/25/60			282,563
	745,768		Series 2021-RP11, Class PT (c)		3.77%		10/25/61			570,034
	486,624		Series 2021-RPL4, Class A1 (c)		1.80%		12/27/60			443,190
			CSMCM Trust
	26,955		Series 2021-RPL11, Class CERT (c)		3.78%		10/27/61			20,829
			Deutsche Alt-A Securities Mortgage Loan Trust
	194,377		Series 2007-3, Class 2A1, 1 Mo. LIBOR + 0.75% (a)		4.77%		10/25/47			153,636
			GreenPoint Mortgage Funding Trust
	156,246		Series 2005-AR4, Class G41B, 1 Mo. LIBOR + 0.20% (a)		4.24%		10/25/45			138,186
			GreenPoint MTA Trust
	302,738		Series 2005-AR1, Class A2, 1 Mo. LIBOR + 0.44% (a)		4.48%		06/25/45			275,013
	27,355		Series 2005-AR3, Class 1A1, 1 Mo. LIBOR + 0.48% (a)		4.52%		08/25/45			20,637
			GSR Mortgage Loan Trust
	230,538		Series 2006-OA1, Class 2A2, 1 Mo. LIBOR + 0.52% (a)		4.56%		08/25/46			61,519
			Impac CMB Trust
	204,454		Series 2007-A, Class A, 1 Mo. LIBOR + 0.50% (a) (c)		4.54%		05/25/37			189,905
			IndyMac IMSC Mortgage Loan Trust
	994,129		Series 2007-F2, Class 1A4		6.00%		07/25/37			740,585

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			IndyMac INDX Mortgage Loan Trust
$	139,497		Series 2005-AR29, Class A1 (d)		3.31%		01/25/36		$	117,139
	68,285		Series 2006-AR3, Class 2A1A (d)		3.07%		03/25/36			47,862
	60,483		Series 2006-AR9, Class 3A2, 1 Mo. LIBOR + 0.35% (a)		4.39%		06/25/36			47,209
	572,182		Series 2006-AR13, Class A3 (d)		3.33%		07/25/36			428,537
	138,938		Series 2006-AR19, Class 5A2 (d)		3.46%		08/25/36			106,481
	483,741		Series 2006-AR31, Class A3 (d)		3.46%		11/25/36			417,703
	777,294		Series 2007-AR21, Class 6A1 (d)		3.14%		09/25/37			565,303
	102,055		Series 2007-FLX2, Class A1A, 1 Mo. LIBOR + 0.16% (a)		4.20%		04/25/37			85,138
			Lanebrook Mortgage Transaction PLC
	GBP 342,417		Series 2021-1, Class X1, SONIA + 2.90% (a) (g)		5.67%		07/20/58			409,302
			Lehman XS Trust
$	1,317,428		Series 2006-4N, Class A1D1, 1 Mo. LIBOR + 0.66% (a)		4.70%		04/25/46			1,150,537
	483,450		Series 2006-10N, Class 1A4A, 1 Mo. LIBOR + 0.60% (a)		4.64%		07/25/46			337,239
	178,384		Series 2007-12N, Class 1A3A, 1 Mo. LIBOR + 0.40% (a)		4.44%		07/25/47			165,893
			LHOME Mortgage Trust
	1,275,000		Series 2021-RTL3, Class A1, steps up to 3.36% on 04/25/24 (c) (f)		2.36%		09/25/26			1,187,073
			Luminent Mortgage Trust
	1,161,948		Series 2005-1, Class A1, 1 Mo. LIBOR + 0.52% (a)		4.56%		11/25/35			1,097,151
	921,764		Series 2007-1, Class 1A1, 1 Mo. LIBOR + 0.32% (a)		4.36%		11/25/36			808,349
			MASTR Adjustable Rate Mortgages Trust
	1,103,548		Series 2006-OA2, Class 1A1, 12 Mo. Treasury Average + 0.80% (a)		2.49%		12/25/46			797,210
	488,269		Series 2007-2, Class A1, 1 Mo. LIBOR + 0.30% (a)		4.34%		03/25/47			434,687
	1,800,000		Series 2007-HF2, Class A2, 1 Mo. LIBOR + 1.10% (a)		5.14%		09/25/37			853,195
			PRPM LLC
	1,069,028		Series 2021-1, Class A1, steps up to 5.12% on 01/25/24 (c) (f)		2.12%		01/25/26			996,189
	1,271,073		Series 2021-3, Class A1, steps up to 4.87% on 04/25/24 (c) (f)		1.87%		04/25/26			1,131,763
	1,208,508		Series 2021-10, Class A1, steps up to 5.49% on 10/25/24 (c) (f)		2.49%		10/25/26			1,116,954
	1,286,876		Series 2021-11, Class A1, steps up to 5.49% on 11/25/24 (c) (f)		2.49%		11/25/26			1,168,312
			RALI Trust
	442,552		Series 2005-QO1, Class A1, 1 Mo. LIBOR + 0.30% (a)		4.34%		08/25/35			333,135
	123,735		Series 2006-QA6, Class A1, 1 Mo. LIBOR + 0.38% (a)		4.42%		07/25/36			107,793
	3,222,305		Series 2006-QO2, Class A1, 1 Mo. LIBOR + 0.44% (a)		4.48%		02/25/46			700,029
	203,291		Series 2006-QS7, Class A2		6.00%		06/25/36			160,894
	317,085		Series 2007-QH4, Class A1, 1 Mo. LIBOR + 0.38% (a)		4.42%		05/25/37			274,314
	98,814		Series 2007-QS1, Class 1A4		6.00%		01/25/37			75,280
	167,631		Series 2007-QS2, Class A4		6.25%		01/25/37			133,191
			RFMSI Trust
	571,461		Series 2006-S10, Class 1A1		6.00%		10/25/36			453,004
			Structured Adjustable Rate Mortgage Loan Trust
	694,386		Series 2005-17, Class 3A1 (d)		3.63%		08/25/35			589,485
			Structured Asset Mortgage Investments II Trust
	219,684		Series 2005-AR8, Class A2, 12 Mo. Treasury Average + 1.48% (a)		1.57%		02/25/36			187,074
	629,183		Series 2006-AR6, Class 2A1, 1 Mo. LIBOR + 0.38% (a)		4.42%		07/25/46			432,163
	1,219,260		Series 2006-AR7, Class A1A, 1 Mo. LIBOR + 0.42% (a)		4.46%		08/25/36			1,116,843
	148,920		Series 2006-AR7, Class A1BG, 1 Mo. LIBOR + 0.12% (a)		4.16%		08/25/36			133,574
	845,661		Series 2007-AR1, Class 2A1, 1 Mo. LIBOR + 0.18% (a)		4.22%		01/25/37			721,047
	45,808		Series 2007-AR3, Class 2A1, 1 Mo. LIBOR + 0.19% (a)		4.23%		09/25/47			41,162

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Collateralized Mortgage Obligations (Continued)
			WaMu Mortgage Pass-Through Certificates Trust
$	53,232		Series 2006-AR3, Class A1A, 12 Mo. Treasury Average + 1.00% (a)		2.69%		02/25/46		$	46,597
			Washington Mutual Mortgage Pass-Through Certificates WMALT Trust
	634,359		Series 2006-AR6, Class 2A, 12 Mo. Treasury Average + 0.96% (a)		2.65%		08/25/46			392,727
	808,253		Series 2006-AR10, Class A2A, 1 Mo. LIBOR + 0.34% (a)		4.38%		12/25/36			697,994
										28,160,957
			Commercial Mortgage-Backed Securities — 11.8%
			BBCMS Mortgage Trust
	545,000		Series 2020-BID, Class D, 1 Mo. LIBOR + 4.63% (a) (c)		8.51%		10/15/37			524,753
			Benchmark Mortgage Trust
	117,000		Series 2020-B18, Class AGNF (c)		4.14%		07/15/53			95,851
			BFLD Trust
	200,000		Series 2021-FPM, Class B, 1 Mo. LIBOR + 2.50% (a) (c)		6.38%		06/15/38			191,913
			BWAY Mortgage Trust
	18,288,906		Series 2013-1515, Class XA, IO (c) (d)		0.70%		03/10/33			172,695
			BX Commercial Mortgage Trust
	787,708		Series 2021-XL2, Class J, 1 Mo. LIBOR + 3.89% (a) (c)		7.77%		10/15/38			724,770
			BX Trust
	605,000		Series 2021-VIEW, Class B, 1 Mo. LIBOR + 1.80% (a) (c)		5.68%		06/15/36			562,323
			CAMB Commercial Mortgage Trust
	890,000		Series 2019-LIFE, Class G, 1 Mo. LIBOR + 3.25% (a) (c)		7.12%		12/15/37			816,452
			Citigroup Commercial Mortgage Trust
	709,741		Series 2013-GC15, Class XA, IO (d)		0.96%		09/10/46			2,661
	4,433,801		Series 2016-P3, Class XA, IO (d)		1.82%		04/15/49			174,392
			COMM Mortgage Trust
	1,218,429		Series 2012-CR4, Class XA, IO (d)		1.43%		10/15/45			46
	1,014,257		Series 2013-LC13, Class XA, IO (d)		1.14%		08/10/46			4,325
	24,001,614		Series 2014-CR14, Class XA, IO (d)		0.66%		02/10/47			101,925
	31,826,512		Series 2014-CR16, Class XA, IO (d)		1.10%		04/10/47			313,361
	1,431,397		Series 2014-UBS2, Class XA, IO (d)		1.23%		03/10/47			12,140
	20,773,425		Series 2014-UBS3, Class XA, IO (d)		1.22%		06/10/47			223,686
	11,151,000		Series 2014-UBS3, Class XB, IO (c) (d)		0.42%		06/10/47			44,906
	7,000,000		Series 2015-LC21, Class XE, IO (c) (d)		1.22%		07/10/48			166,203
	35,000		Series 2020-CX, Class E (c) (d)		2.77%		11/10/46			22,684
			Credit Suisse Mortgage Trust
	182,000		Series 2019-UVIL, Class B (c) (d)		3.39%		12/15/41			148,202
	801,000		Series 2021-BPNY, Class A, 1 Mo. LIBOR + 3.71% (a) (c)		7.59%		08/15/23			768,961
			CSAIL Commercial Mortgage Trust
	20,232,288		Series 2015-C2, Class XA, IO (d)		0.86%		06/15/57			264,719
	2,669,830		Series 2016-C5, Class XA, IO (d)		1.06%		11/15/48			56,965
			DBUBS Mortgage Trust
	120,000		Series 2017-BRBK, Class A (c)		3.45%		10/10/34			112,820
			DROP Mortgage Trust
	386,000		Series 2021-FILE, Class B, 1 Mo. LIBOR + 1.70% (a) (c)		5.58%		10/15/43			356,146
			European Loan Conduit DAC
	EUR 581,855		Series 36A, Class E, 3 Mo. EURIBOR + 3.35% (a) (c)		5.15%		02/17/30			554,922
			Frost CMBS DAC
	GBP  800,000		Series 2021-1A, Class GBB, SONIA + 1.65% (a) (c) (g)		4.59%		11/20/33			919,700
			Grace Trust
$	1,000,000		Series 2020-GRCE, Class X, IO (c) (d)		0.39%		12/10/40			21,195

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Securities (Continued)
			GS Mortgage Securities Corp. II
$	1,323,995		Series 2013-GC10, Class XA, IO (d)		1.48%		02/10/46		$	14
			GS Mortgage Securities Trust		5.21%		08/10/44
	137,977		Series 2011-GC5, Class AS (c)		5.21%		08/10/44			135,235
	1,707,996		Series 2011-GC5, Class XA, IO (c) (d)		0.09%		08/10/44			17
	28,543,157		Series 2015-GC28, Class XA, IO (d)		1.12%		02/10/48			453,214
			JP Morgan Chase Commercial Mortgage Securities Trust
	4,392,137		Series 2013-C16, Class XA, IO (d)		1.01%		12/15/46			19,343
	1,463,007		Series 2013-LC11, Class XA, IO (d)		1.37%		04/15/46			1,443
	16,012,106		Series 2014-C20, Class XA, IO (d)		0.96%		07/15/47			103,765
			JPMBB Commercial Mortgage Securities Trust
	833,448		Series 2015-C32, Class XA, IO (d)		1.28%		11/15/48			14,979
			JPMCC Commercial Mortgage Securities Trust
	10,397,933		Series 2017-JP5, Class XA, IO (d)		0.99%		03/15/50			260,656
			JPMDB Commercial Mortgage Securities Trust
	5,561,084		Series 2016-C2, Class XA, IO (d)		1.65%		06/15/49			211,082
			Last Mile Logistics Pan Euro Finance DAC
	EUR 716,788		Series 1A, Class E, 3 Mo. EURIBOR + 2.70% (a) (c)		4.49%		08/17/33			665,365
			MHC Commercial Mortgage Trust
$	205,000		Series 2021-MHC, Class E, 1 Mo. LIBOR + 2.10% (a) (c)		5.98%		04/15/38			192,943
			Morgan Stanley Bank of America Merrill Lynch Trust
	1,804,386		Series 2013-C13, Class XA, IO (d)		1.10%		11/15/46			10,438
	3,643,722		Series 2014-C14, Class XA, IO (d)		1.08%		02/15/47			22,403
	9,797,011		Series 2015-C20, Class XA, IO (d)		1.40%		02/15/48			173,040
	30,175,781		Series 2015-C25, Class XA, IO (d)		1.19%		10/15/48			612,245
			MSCG Trust
	1,051,866		Series 2018-SELF, Class F, 1 Mo. LIBOR + 3.05% (a) (c)		6.92%		10/15/37			989,500
			One Bryant Park Trust
	125,000		Series 2019-OBP, Class A (c)		2.52%		09/15/54			103,006
			SFAVE Commercial Mortgage Securities Trust
	690,000		Series 2015-5AVE, Class A2A (c) (d)		3.66%		01/05/43			489,759
	340,000		Series 2015-5AVE, Class A2B (c) (d)		4.14%		01/05/43			238,531
			SLG Office Trust
	385,000		Series 2021-OVA, Class G (c)		2.85%		07/15/41			241,551
			SMRT
	105,000,000		Series 2022-MINI, Class XCP, IO (c) (d)		0.73%		01/15/39			89,282
			UBS-Barclays Commercial Mortgage Trust
	835,550		Series 2012-C2, Class XA, IO (c) (d)		0.67%		05/10/63			12
			Wells Fargo Commercial Mortgage Trust
	8,461,486		Series 2015-C26, Class XA, IO (d)		1.34%		02/15/48			173,060
	14,273,772		Series 2015-C27, Class XA, IO (d)		0.99%		02/15/48			207,085
	27,976,499		Series 2015-C28, Class XA, IO (d)		0.72%		05/15/48			305,918
	1,867,822		Series 2015-LC22, Class XA, IO (d)		0.92%		09/15/58			31,180
	6,549,929		Series 2015-NXS3, Class XA, IO (d)		1.03%		09/15/57			132,459
	3,716,492		Series 2016-C33, Class XA, IO (d)		1.75%		03/15/59			151,566
	5,823,000		Series 2016-C37, Class XEF, IO (c) (d)		1.60%		12/15/49			302,002
			WFRBS Commercial Mortgage Trust
	944,376		Series 2014-C22, Class XA, IO (d)		0.94%		09/15/57			9,431
	4,864,126		Series 2014-C24, Class XA, IO (d)		0.99%		11/15/47			59,824

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MORTGAGE-BACKED SECURITIES (Continued)
			Commercial Mortgage-Backed Securities (Continued)
			WFRBS Commercial Mortgage Trust (Continued)
$	26,522,177		Series 2014-LC14, Class XA, IO (d)		1.42%		03/15/47		$	249,905
										14,008,969
			Total Mortgage-Backed Securities							42,169,926
			(Cost $48,156,558)
ASSET-BACKED SECURITIES — 27.1%
			Accredited Mortgage Loan Trust
	5,004		Series 2005-1, Class M2, 1 Mo. LIBOR + 1.04% (a)		5.08%		04/25/35			5,003
			AGL CLO 7 Ltd.
	1,000,000		Series 2020-7A, Class BR, 3 Mo. LIBOR + 1.70% (a) (c)		5.78%		07/15/34			956,598
			AIG CLO Ltd.
	320,000		Series 2018-1A, Class BR, 3 Mo. LIBOR + 1.70% (a) (c)		5.94%		04/20/32			309,790
			AMMC CLO
	56,866		Series 2016-19A, Class AR, 3 Mo. LIBOR + 1.14% (a) (c)		5.22%		10/16/28			56,718
			AMSR Trust
	572,000		Series 2020-SFR1, Class F (c)		3.57%		04/17/37			524,478
	605,000		Series 2020-SFR3, Class G (c)		4.99%		09/17/37			556,038
	1,776,000		Series 2020-SFR5, Class A (c)		1.38%		11/17/37			1,577,053
			Ares LXII CLO Ltd.
	700,000		Series 2021-62A, Class B, 3 Mo. LIBOR + 1.65% (a) (c)		6.01%		01/25/34			666,853
			Argent Securities Trust
	753,764		Series 2006-M1, Class A2C, 1 Mo. LIBOR + 0.30% (a)		4.34%		07/25/36			204,125
			Argent Securities, Inc., Asset-Backed Pass-Through Certificates
	600,000		Series 2005-W3, Class M2, 1 Mo. LIBOR + 0.69% (a)		4.73%		11/25/35			499,548
			Boyce Park CLO Ltd.
	1,178,571		Series 2022-1A, Class M2, IO (c)		0.00%		04/21/35			53,387
	1,100,000		Series 2022-1A, Class SUB (c)		0.00%		04/21/35			822,768
			C-BASS Mortgage Loan Trust
	843,095		Series 2007-CB3, Class A3 (f)		3.26%		03/25/37			320,353
	969,559		Series 2007-CB3, Class A4 (f)		3.26%		03/25/37			368,217
			CF Hippolyta Issuer LLC
	1,078,946		Series 2020-1, Class A1 (c)		1.69%		07/15/60			956,397
			CIFC Funding Ltd.
	700,000		Series 2022-2A, Class INCB (c)		0.00%		04/19/35			584,743
			Cologix Data Centers US Issuer LLC
	715,000		Series 2021-1A, Class A2 (c)		3.30%		12/26/51			629,183
			CoreVest American Finance Trust
	15,531		Series 2017-1, Class D (c)		4.36%		10/15/49			15,488
	2,579,132		Series 2021-2, Class XA, IO (c) (d)		3.15%		07/15/54			231,466
			Credit-Based Asset Servicing and Securitization LLC
	136,306		Series 2007-CB6, Class A1, 1 Mo. LIBOR + 0.12% (a) (c)		4.16%		07/25/37			89,250
			Dryden CLO Ltd.
	615,000		Series 2019-72A, Class BR, 3 Mo. LIBOR + 1.65% (a) (c)		6.26%		05/15/32			591,630
			Elmwood CLO VI Ltd.
	600,000		Series 2020-3A, Class BR, 3 Mo. LIBOR + 1.65% (a) (c)		5.89%		10/20/34			574,798
			First Franklin Mortgage Loan Trust
	565,000		Series 2006-FF7, Class 2A4, 1 Mo. LIBOR + 0.48% (a)		4.52%		05/25/36			451,811

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Flexential Issuer
$	610,000		Series 2021-1A, Class A2 (c)		3.25%		11/27/51		$	531,868
			Fremont Home Loan Trust
	47,846		Series 2005-A, Class M3, 1 Mo. LIBOR + 0.74% (a)		4.78%		01/25/35			45,930
			GCI Funding I LLC
	916,207		Series 2021-1, Class A (c)		2.38%		06/18/46			779,642
			Golub Capital Partners CLO L.P.
	1,100,000		Series 2021-54A, Class A, 3 Mo. LIBOR + 1.53% (a) (c)		6.06%		08/05/33			1,058,018
			GSAA Home Equity Trust
	1,341,932		Series 2007-6, Class 3A1A, 1 Mo. LIBOR + 0.42% (a)		4.46%		05/25/47			943,202
			HPS Loan Management Ltd.
	1,000,000		Series 15A-19, Class A1R, 3 Mo. CME Term SOFR + 1.32% (a) (c)		5.36%		01/22/35			965,144
			HSI Asset Securitization Corp. Trust
	208,344		Series 2006-WMC1, Class A4, 1 Mo. LIBOR + 0.50% (a)		4.54%		07/25/36			96,801
			JP Morgan Mortgage Acquisition Trust
	1,399,713		Series 2006-WMC2, Class A4, 1 Mo. LIBOR + 0.30% (a)		4.32%		07/25/36			631,835
	126,617		Series 2006-WMC4, Class A1A, 1 Mo. LIBOR + 0.13% (a)		4.17%		12/25/36			74,738
			Long Beach Mortgage Loan Trust
	299,011		Series 2006-10, Class 2A3, 1 Mo. LIBOR + 0.16% (a)		4.20%		11/25/36			92,490
			Madison Park Funding XLV Ltd.
	825,000		Series 2020-45A, Class BR, 3 Mo. LIBOR + 1.70% (a) (c)		5.78%		07/15/34			793,737
			Mastr Asset Backed Securities Trust
	1,493,990		Series 2006-HE2, Class A3, 1 Mo. LIBOR + 0.30% (a)		4.34%		06/25/36			592,206
	1,535,500		Series 2007-HE1, Class A4, 1 Mo. LIBOR + 0.28% (a)		4.32%		05/25/37			1,148,225
			Merrill Lynch First Franklin Mortgage Loan Trust
	339,912		Series 2007-1, Class A1, 1 Mo. LIBOR + 0.28% (a)		4.32%		04/25/37			155,191
	651,405		Series 2007-3, Class A2B, 1 Mo. LIBOR + 0.13% (a)		4.30%		06/25/37			500,288
			Merrill Lynch Mortgage Investors Trust
	1,154,616		Series 2006-HE6, Class A2B, 1 Mo. LIBOR + 0.30% (a)		4.34%		11/25/37			411,767
	1,000,000		Series 2006-OPT1, Class A2D, 1 Mo. LIBOR + 0.24% (a)		4.28%		08/25/37			775,050
			Morgan Stanley Capital I, Inc., Trust
	21,114		Series 2006-NC2, Class A2D, 1 Mo. LIBOR + 0.58% (a)		4.62%		02/25/36			20,718
			Navient Student Loan Trust
	320,000		Series 2015-3, Class B, 1 Mo. LIBOR + 1.50% (a)		5.52%		10/25/58			291,024
	975,000		Series 2019-3A, Class B, 1 Mo. LIBOR + 1.55% (a) (c)		5.59%		07/25/68			907,276
			Nelnet Student Loan Trust
	353,604		Series 2005-4, Class B, 3 Mo. LIBOR + 0.28% (a)		3.88%		09/22/35			307,376
			Nomura Home Equity Loan, Inc., Home Equity Loan Trust
	14,349		Series 2006-HE1, Class M1, 1 Mo. LIBOR + 0.62% (a)		4.66%		02/25/36			14,300
			Oakwood Mortgage Investors, Inc.
	781,859		Series 1999-C, Class A2		7.48%		08/15/27			664,490
	582,662		Series 2001-C, Class A2		5.92%		06/15/31			69,166
			Option One Mortgage Loan Trust
	349,263		Series 2007-4, Class 2A3, 1 Mo. LIBOR + 0.24% (a)		4.28%		04/25/37			204,027
			Ownit Mortgage Loan Trust
	649,101		Series 2006-6, Class A2C, 1 Mo. LIBOR + 0.32% (a)		4.36%		09/25/37			314,184
			Park Avenue Institutional Advisers CLO Ltd.
	150,000		Series 2018-1A, Class A2R, 3 Mo. LIBOR + 1.60% (a) (c)		5.84%		10/20/31			144,724
			Park Place Securities Inc Asset-Backed Pass-Through Certificates
	338,020		Series 2004-WWF1, Class M5, 1 Mo. LIBOR + 1.80% (a)		5.84%		12/25/34			323,473
			PRET LLC
	1,105,960		Series 2022-RN1, Class A1, steps up to 6.72% on 02/25/25 (c) (f)		3.72%		07/25/51			1,029,639

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Principal Value			Description		Stated Coupon		Stated Maturity		Value
ASSET-BACKED SECURITIES (Continued)
			Progress Residential Trust
$	1,169,000		Series 2019-SFR3, Class F (c)		3.87%		09/17/36		$	1,101,111
	1,060,000		Series 2021-SFR1, Class H (c)		5.00%		04/17/38			911,163
			Sabey Data Center Issuer LLC
	650,000		Series 2020-1, Class A2 (c)		3.81%		04/20/45			606,902
			Saxon Asset Securities Trust
	66,690		Series 2005-1, Class M2, 1 Mo. LIBOR + 0.72% (a)		2.02%		05/25/35			61,580
			Securitized Asset Backed Receivables LLC Trust
	1,087,459		Series 2006-CB5, Class A3, 1 Mo. LIBOR + 0.28% (a)		4.32%		06/25/36			689,575
	56,578		Series 2006-NC2, Class A3, 1 Mo. LIBOR + 0.48% (a)		4.52%		03/25/36			55,149
	362,079		Series 2007-NC2, Class A2B, 1 Mo. LIBOR + 0.14% (a)		4.18%		01/25/37			312,861
			SLM Student Loan Trust
	65,000		Series 2008-4, Class B, 3 Mo. LIBOR + 1.85% (a)		6.21%		04/25/73			62,742
	65,000		Series 2008-5, Class B, 3 Mo. LIBOR + 1.85% (a)		6.21%		07/25/73			60,885
			Soundview Home Loan Trust
	332,439		Series 2007-OPT1, Class 2A2, 1 Mo. LIBOR + 0.15% (a)		4.19%		06/25/37			228,038
	193,589		Series 2007-OPT3, Class 1A1, 1 Mo. LIBOR + 0.17% (a)		4.21%		08/25/37			162,880
			Specialty Underwriting & Residential Finance Trust
	1,179,695		Series 2006-AB3, Class A2C, 1 Mo. LIBOR + 0.48% (a)		4.52%		09/25/37			820,222
			Stratus CLO Ltd.
	925,000		Series 2021-3A, Class SUB (c)		0.00%		12/29/29			539,834
			Structured Asset Securities Corp. Mortgage Loan Trust
	56,162		Series 2006-OPT1, Class A1, 1 Mo. LIBOR + 0.18% (a)		4.22%		04/25/36			55,274
			Textainer Marine Containers VII Ltd.
	80,283		Series 2020-3A, Class A (c)		2.11%		09/20/45			69,289
			TRP LLC
	283,449		Series 2021-1, Class A (c)		2.07%		06/19/51			239,597
			VOYA CLO
	175,000		Series 2017-2A, Class A2AR, 3 Mo. LIBOR + 1.65% (a) (c)		5.73%		06/07/30			170,656
			Wachovia Student Loan Trust
	678,020		Series 2006-1, Class B, 3 Mo. LIBOR + 0.24% (a) (c)		4.60%		04/25/40			626,657
			WaMu Asset-Backed Certificates WaMuTrust
	1,069,097		Series 2007-HE1, Class 2A4, 1 Mo. LIBOR + 0.23% (a)		4.27%		01/25/37			523,833
			Total Asset-Backed Securities							32,230,472
			(Cost $37,069,599)
U.S. TREASURY BILLS — 0.4%
	450,000		U.S. Treasury Bill		(b)		05/04/23			441,474
			(Cost $441,494)

 

Shares			Description		Value
MONEY MARKET FUNDS — 2.2%
	2,640,135		JPMorgan 100% U.S. Treasury Securities Money Market Fund - Institutional Class - 3.51% (h)			2,640,135
			(Cost $2,640,135)
			Total Investments — 141.9%			168,927,438
			(Cost $181,849,181)
			Net Other Assets and Liabilities — (41.9)%			(49,865,334
			Net Assets — 100.0%		$	119,062,104

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

 

 

 

Forward Foreign Currency Contracts at November 30, 2022:
Settlement Date		Counterparty		Amount Purchased				Amount Sold				Purchase Value as of 11/30/2022			Sale Value as of 11/30/2022			Unrealized Appreciation (Depreciation)
01/13/2023		GS		EUR		62,000		USD		62,020		$	64,763		$	62,020		$	2,743
01/13/2023		Citi		GBP		236,000		USD		266,289			284,900			266,289			18,611
01/13/2023		GS		USD		1,191,121		EUR		1,203,000			1,191,121			1,256,601			(65,480	)
01/13/2023		Citi		USD		1,492,325		GBP		1,309,000			1,492,325			1,580,228			(87,903	)
Net Unrealized Appreciation (Depreciation)																		$	(132,029	)
Counterparty Abbreviations:
Citi – Citibank N.A.
GS – Goldman Sachs and Co.

 

 

 

 

 

 

Futures Contracts at November 30, 2022:
Futures Contracts		Position		Number of Contracts		Expiration Date		Notional Value				Unrealized Appreciation (Depreciation)/ Value
U.S. 2-Year Treasury Notes		Long		67		Mar-2023		$	13,759,078			$	35,891
U.S. 5-Year Treasury Notes		Long		75		Mar-2023			8,142,773				42,797
Ultra 10-Year U.S. Treasury Notes		Long		63		Mar-2023			7,538,344				53,697
Ultra U.S. Treasury Bond Futures		Short		6		Mar-2023			(817,687	)			9,771
								$	28,622,508			$	142,156

 

(a)	Floating or variable rate security.
(b)	Zero coupon security.
(c)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund’s Advisor (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At November 30, 2022, securities noted as such amounted to $40,582,127 or 34.1% of net assets.
(d)	Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically.
(e)	All or a portion of this security is part of a mortgage dollar roll agreement.
(f)	Step-up security. A security where the coupon increases or steps up at a predetermined date.
(g)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.
(h)	Rate shown reflects yield as of November 30, 2022.

 

 

CME	-	Chicago Mercantile Exchange
EURIBOR	-	Euro Interbank Offered Rate
IO	-	Interest-Only Security - Principal amount shown represents par value on which interest payments are based
LIBOR	-	London Interbank Offered Rate
PO	-	Principal-Only Security
SOFR	-	Secured Overnight Financing Rate
SONIA	-	Sterling Overnight Index Average
TBA	-	To-Be-Announced Security

 

 

 

 

First Trust TCW Securitized Plus ETF (DEED)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Currency Abbreviations:
GBP	-	British Pound Sterlin
EUR	-	Euro
USD	-	United States Dollar

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
U.S. Government Agency Mortgage-Backed Securities		$	91,445,431			$	—			$	91,445,431			$	—
Mortgage-Backed Securities			42,169,926				—				42,169,926				—
Asset-Backed Securities			32,230,472				—				32,230,472				—
U.S. Treasury Bills			441,474				—				441,474				—
Money Market Funds			2,640,135				2,640,135				—				—
Total Investments			168,927,438				2,640,135				166,287,303				—
Forward Foreign Currency Contracts			21,354				—				21,354				—
Futures Contracts			142,156				142,156				—				—
Total		$	169,090,948			$	2,782,291			$	166,308,657			$	—

 

LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Forward Foreign Currency Contracts		$	(153,383	)		$	—			$	(153,383	)		$	—

 

 

 

 

 

 

First Trust TCW Emerging Markets Debt ETF (EFIX)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS AND NOTES — 57.4%
			Angola — 2.4%
	200,000		Angolan Government International Bond (USD) (a)		8.00%		11/26/29		$	181,950
			Argentina — 1.1%
	18,177		Argentine Republic Government International Bond, steps up to 3.63% on 07/10/2023 (USD) (b)		1.50%		07/09/35			4,272
	128,605		Argentine Republic Government International Bond, steps up to 4.25% on 07/10/2023 (USD) (b)		3.88%		01/09/38			38,804
	143,894		Argentine Republic Government International Bond, steps up to 4.88% on 07/10/2029 (USD) (b)		3.50%		07/09/41			39,294
										82,370
			Brazil — 3.1%
	200,000		Brazilian Government International Bond (USD)		3.88%		06/12/30			174,945
	60,000		Brazilian Government International Bond (USD)		7.13%		01/20/37			63,376
										238,321
			Chile — 2.8%
	250,000		Chile Government International Bond (USD)		3.50%		01/31/34			217,790
			Dominican Republic — 2.5%
	250,000		Dominican Republic International Bond (USD) (c)		5.30%		01/21/41			191,415
			Ecuador — 1.0%
	26,603		Ecuador Government International Bond, steps up to 3.50% on 08/01/2023 (USD) (b) (c)		2.50%		07/31/35			11,796
	112,700		Ecuador Government International Bond, steps up to 6.00% on 08/01/2023 (USD) (a) (b)		5.50%		07/31/30			69,068
										80,864
			Egypt — 1.9%
	200,000		Egypt Government International Bond (USD) (a)		7.30%		09/30/33			145,840
			Gabon — 2.2%
	200,000		Gabon Government International Bond (USD) (a)		6.63%		02/06/31			165,710
			Guatemala — 2.5%
	200,000		Guatemala Government Bond (USD) (a)		4.90%		06/01/30			189,193
			Hungary — 1.6%
	200,000		Hungary Government International Bond (USD) (a)		3.13%		09/21/51			120,930
			Iraq — 2.0%
	171,875		Iraq International Bond (USD) (a)		5.80%		01/15/28			154,689
			Ivory Coast (Cote D'Ivoire) — 1.0%
	100,000		Ivory Coast Government International Bond (EUR) (c)		6.88%		10/17/40			80,062
			Jordan — 2.7%
	200,000		Jordan Government International Bond (USD) (c)		7.75%		01/15/28			206,000
			Mexico — 5.4%
	235,000		Mexico Government International Bond (USD)		3.75%		01/11/28			223,699
	200,000		Mexico Government International Bond (USD)		4.88%		05/19/33			188,248
										411,947

 

 

First Trust TCW Emerging Markets Debt ETF (EFIX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

   

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN SOVEREIGN BONDS AND NOTES (Continued)
			Nigeria — 1.8%
	200,000		Nigeria Government International Bond (USD) (c)		7.70%		02/23/38		$	140,640
			Oman — 2.6%
	200,000		Oman Government International Bond (USD) (a)		6.00%		08/01/29			198,288
			Panama — 2.9%
	300,000		Panama Government International Bond (USD)		2.25%		09/29/32			226,500
			Peru — 2.7%
	100,000		Peruvian Government International Bond (USD)		2.78%		01/23/31			84,008
	154,000		Peruvian Government International Bond (USD)		3.00%		01/15/34			124,712
										208,720
			Philippines — 2.8%
	200,000		Philippine Government International Bond (USD)		5.95%		10/13/47			217,500
			Poland — 0.7%
	25,000		Republic of Poland Government International Bond (USD)		5.50%		11/16/27			25,816
	30,000		Republic of Poland Government International Bond (USD)		5.75%		11/16/32			31,702
										57,518
			Romania — 1.8%
	54,000		Romanian Government International Bond (USD) (c)		3.00%		02/27/27			48,779
	4,000		Romanian Government International Bond (USD) (c)		3.00%		02/14/31			3,205
	90,000		Romanian Government International Bond (USD) (c)		6.00%		05/25/34			85,115
										137,099
			South Africa — 2.4%
	200,000		Republic of South Africa Government International Bond (USD)		4.85%		09/30/29			181,885
			Tunisia — 1.9%
	200,000		Tunisian Republic (USD) (a)		5.75%		01/30/25			147,001
			Turkey — 2.3%
	200,000		Turkey Government International Bond (USD)		4.25%		04/14/26			178,076
			United Arab Emirates — 2.7%
	250,000		Abu Dhabi Government International Bond (USD) (a)		1.70%		03/02/31			207,189
			Uruguay — 0.6%
	45,000		Uruguay Government International Bond (USD)		5.10%		06/18/50			44,483
			Total Foreign Sovereign Bonds and Notes							4,411,980
			(Cost $4,708,759)
FOREIGN CORPORATE BONDS AND NOTES — 39.7%
			Electric — 2.5%
	200,000		Eskom Holdings SOC Ltd. (USD) (a)		6.35%		08/10/28			188,250
			Energy-Alternate Sources — 2.8%
	250,000		India Green Power Holdings (USD) (a)		4.00%		02/22/27			213,207

 

 

First Trust TCW Emerging Markets Debt ETF (EFIX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

   

Principal Value (Local Currency)			Description		Stated Coupon		Stated Maturity		Value (U.S. Dollar)
FOREIGN CORPORATE BONDS AND NOTES (Continued)
			Engineering & Construction — 3.1%
	250,000		India Airport Infra (USD) (a)		6.25%		10/25/25		$	237,243
			Investment Companies — 2.4%
	200,000		Gaci First Investment Co. (USD) (a)		5.38%		10/13/2122			186,082
			Mining — 8.2%
	200,000		Freeport Indonesia PT (USD) (c)		5.32%		04/14/32			186,000
	475,000		Indonesia Asahan Aluminium Persero PT (USD) (c)		5.45%		05/15/30			446,001
										632,001
			Oil & Gas — 18.7%
	200,000		Gran Tierra Energy, Inc. (USD) (a)		7.75%		05/23/27			161,326
	200,000		KazMunayGas National Co. JSC (USD) (c)		3.50%		04/14/33			148,368
	15,000		Leviathan Bond Ltd. (USD) (a) (c)		6.75%		06/30/30			14,250
	200,000		Oil and Gas Holding (The) Co. BSCC (USD) (a)		7.63%		11/07/24			202,273
	50,000		Petroleos Mexicanos (USD)		6.49%		01/23/27			45,374
	50,000		Petroleos Mexicanos (USD)		5.35%		02/12/28			41,818
	140,000		Petroleos Mexicanos (USD)		6.84%		01/23/30			115,142
	64,000		Petroleos Mexicanos (USD)		6.70%		02/16/32			49,600
	400,000		QatarEnergy Trading LLC (USD) (c)		3.13%		07/12/41			304,256
	225,000		Saudi Arabian Oil Co. (USD) (a)		2.25%		11/24/30			186,699
	200,000		Tengizchevroil Finance Co. International Ltd. (USD) (a)		4.00%		08/15/26			171,000
										1,440,106
			Pipelines — 2.0%
	193,306		Galaxy Pipeline Assets Bidco Ltd. (USD) (c)		2.94%		09/30/40			154,928
			Total Foreign Corporate Bonds and Notes							3,051,817
			(Cost $3,196,764)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
	39,479		JPMorgan 100% U.S. Treasury Securities Money Market Fund - Institutional Class - 3.51% (d)			39,479
			(Cost $39,479)
			Total Investments — 97.6%			7,503,276
			(Cost $7,945,002)
			Net Other Assets and Liabilities — 2.4%			182,197
			Net Assets — 100.0%		$	7,685,473

 

1

 

 

 

 

Forward Foreign Currency Contracts at November 30, 2022:
Settlement Date		Counterparty		Amount Purchased				Amount Sold				Purchase Value as of 11/30/2022			Sale Value as of 11/30/2022			Unrealized Appreciation (Depreciation)
01/06/2023		BOFA		USD		11,436		EUR		11,000		$	11,436		$	11,485		$	(49	)
01/06/2023		BNP		USD		67,661		EUR		68,000			67,661			70,995			(3,334	)
Net Unrealized Appreciation (Depreciation)																		$	(3,383	)

 

 

First Trust TCW Emerging Markets Debt ETF (EFIX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

   

Counterparty Abbreviations:
BOFA	-	Bank of America, N.A.
BNP	-	BNP Paribas

 

 

 

(a)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”).
(b)	Step-up security. A security where the coupon increases or steps up at a predetermined date.
(c)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund’s Advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At November 30, 2022, securities noted as such amounted to $2,020,815 or 26.3% of net assets.
(d)	Rate shown reflects yield as of November 30, 2022.

 

 

Currency Abbreviations:
EUR	-	Euro
USD	-	United States Dollar

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Foreign Sovereign Bonds and Notes*		$	4,411,980			$	—			$	4,411,980			$	—
Foreign Corporate Bonds and Notes**			3,051,817				—				3,051,817				—
Money Market Funds			39,479				39,479				—				—
Total Investments		$	7,503,276			$	39,479			$	7,463,797			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Forward Foreign Currency Contracts		$	(3,383	)		$	—			$	(3,383	)		$	—

 

 

 

*	See Portfolio of Investments for country breakout.
**	See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

EquityCompass Risk Manager ETF (ERM)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 50.9%
		Aerospace & Defense — 1.5%
367		Boeing (The) Co. (a)		$	65,649
266		General Dynamics Corp.			67,136
148		Lockheed Martin Corp.			71,808
610		Raytheon Technologies Corp.			60,219
					264,812
		Air Freight & Logistics — 0.6%
253		FedEx Corp.			46,102
307		United Parcel Service, Inc., Class B			58,247
					104,349
		Automobiles — 1.0%
4,519		Ford Motor Co.			62,814
1,653		General Motors Co.			67,045
231		Tesla, Inc. (a)			44,976
					174,835
		Banks — 1.7%
1,696		Bank of America Corp.			64,193
1,093		Citigroup, Inc.			52,912
495		JPMorgan Chase & Co.			68,399
1,194		U.S. Bancorp			54,196
1,321		Wells Fargo & Co.			63,342
					303,042
		Beverages — 1.0%
910		Coca-Cola (The) Co.			57,885
973		Molson Coors Beverage Co., Class B			53,622
335		PepsiCo, Inc.			62,146
					173,653
		Biotechnology — 1.6%
379		AbbVie, Inc.			61,087
229		Amgen, Inc.			65,585
257		Biogen, Inc. (a)			78,429
913		Gilead Sciences, Inc.			80,189
					285,290
		Capital Markets — 1.5%
1,301		Bank of New York Mellon (The) Corp.			59,716
90		BlackRock, Inc.			64,440
179		Goldman Sachs Group (The), Inc.			69,121
695		Morgan Stanley			64,683
					257,960
		Chemicals — 1.1%
654		CF Industries Holdings, Inc.			70,756
1,081		Dow, Inc.			55,098
1,007		DuPont de Nemours, Inc.			71,004
					196,858
		Communications Equipment — 1.5%
545		Arista Networks, Inc. (a)			75,919

 

Shares		Description		Value
		Common Stocks (Continued)
		Communications Equipment (Continued)
1,296		Cisco Systems, Inc.		$	64,437
376		F5, Inc. (a)			58,133
1,954		Juniper Networks, Inc.			64,951
					263,440
		Consumer Finance — 0.6%
385		American Express Co.			60,672
502		Capital One Financial Corp.			51,827
					112,499
		Containers & Packaging — 0.3%
985		Sealed Air Corp.			52,432
		Diversified Financial Services — 0.4%
200		Berkshire Hathaway, Inc., Class B (a)			63,720
		Diversified Telecommunication Services — 0.7%
2,726		AT&T, Inc.			52,557
5,111		Lumen Technologies, Inc.			27,957
1,127		Verizon Communications, Inc.			43,931
					124,445
		Electric Utilities — 1.6%
536		Duke Energy Corp.			53,563
1,295		Exelon Corp.			53,574
719		NextEra Energy, Inc.			60,899
806		Pinnacle West Capital Corp.			63,126
789		Southern (The) Co.			53,368
					284,530
		Electrical Equipment — 0.4%
693		Emerson Electric Co.			66,369
		Electronic Equipment, Instruments & Components — 0.3%
577		IPG Photonics Corp. (a)			52,524
		Energy Equipment & Services — 1.1%
1,675		Schlumberger N.V.			86,346
8,889		TechnipFMC PLC (a)			110,224
					196,570
		Entertainment — 1.7%
449		Electronic Arts, Inc.			58,720
628		Live Nation Entertainment, Inc. (a)			45,693
283		Netflix, Inc. (a)			86,465
571		Walt Disney (The) Co. (a)			55,884
3,979		Warner Bros Discovery, Inc. (a)			45,361
					292,123
		Equity Real Estate Investment Trusts — 1.3%
222		American Tower Corp.			49,118
563		Federal Realty Investment Trust			62,549

 

 

EquityCompass Risk Manager ETF (ERM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Equity Real Estate Investment Trusts (Continued)
554		Simon Property Group, Inc.		$	66,170
1,167		SL Green Realty Corp.			48,967
					226,804
		Food & Staples Retailing — 1.1%
110		Costco Wholesale Corp.			59,317
1,467		Walgreens Boots Alliance, Inc.			60,881
438		Walmart, Inc.			66,760
					186,958
		Food Products — 0.7%
1,467		Kraft Heinz (The) Co.			57,726
927		Mondelez International, Inc., Class A			62,675
					120,401
		Health Care Equipment & Supplies — 0.9%
517		Abbott Laboratories			55,619
1,597		DENTSPLY SIRONA, Inc.			48,325
631		Medtronic PLC			49,874
					153,818
		Health Care Providers & Services — 1.7%
585		CVS Health Corp.			59,600
648		DaVita, Inc. (a)			47,777
725		Henry Schein, Inc. (a)			58,667
107		UnitedHealth Group, Inc.			58,610
528		Universal Health Services, Inc., Class B			69,089
					293,743
		Hotels, Restaurants & Leisure — 1.5%
31		Booking Holdings, Inc. (a)			64,463
223		McDonald’s Corp.			60,832
4,403		Norwegian Cruise Line Holdings Ltd. (a)			72,385
692		Starbucks Corp.			70,723
					268,403
		Household Durables — 0.5%
1,493		Leggett & Platt, Inc.			53,166
2,878		Newell Brands, Inc.			37,327
					90,493
		Household Products — 0.7%
734		Colgate-Palmolive Co.			56,870
394		Procter & Gamble (The) Co.			58,769
					115,639
		Industrial Conglomerates — 1.1%
429		3M Co.			54,041
854		General Electric Co.			73,418

 

Shares		Description		Value
		Common Stocks (Continued)
		Industrial Conglomerates (Continued)
321		Honeywell International, Inc.		$	70,476
					197,935
		Insurance — 1.8%
464		Allstate (The) Corp.			62,130
1,095		American International Group, Inc.			69,105
337		Assurant, Inc.			43,210
935		MetLife, Inc.			71,714
1,709		Unum Group			72,086
					318,245
		Interactive Media & Services — 0.5%
504		Alphabet, Inc., Class A (a)			50,899
323		Meta Platforms, Inc., Class A (a)			38,146
					89,045
		Internet & Direct Marketing Retail — 0.3%
481		Amazon.com, Inc. (a)			46,436
		IT Services — 3.4%
203		Accenture PLC, Class A			61,089
635		Akamai Technologies, Inc. (a)			60,236
377		Broadridge Financial Solutions, Inc.			56,215
230		Gartner, Inc. (a)			80,585
437		International Business Machines Corp.			65,069
291		Jack Henry & Associates, Inc.			55,101
166		Mastercard, Inc., Class A			59,162
734		PayPal Holdings, Inc. (a)			57,553
266		Visa, Inc., Class A			57,722
3,357		Western Union (The) Co.			49,214
					601,946
		Life Sciences Tools & Services — 0.7%
223		Danaher Corp.			60,971
106		Thermo Fisher Scientific, Inc.			59,383
					120,354
		Machinery — 0.8%
319		Caterpillar, Inc.			75,415
1,939		Flowserve Corp.			60,807
					136,222
		Media — 2.3%
117		Charter Communications, Inc., Class A (a)			45,781
1,375		Comcast Corp., Class A			50,380
3,108		DISH Network Corp., Class A (a)			49,883
1,661		Fox Corp., Class A			53,900
1,924		Interpublic Group of Cos. (The), Inc.			66,109
3,433		News Corp., Class B			66,772

 

 

EquityCompass Risk Manager ETF (ERM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Media (Continued)
840		Omnicom Group, Inc.		$	66,998
					399,823
		Multiline Retail — 0.3%
371		Target Corp.			61,983
		Oil, Gas & Consumable Fuels — 1.6%
397		Chevron Corp.			72,774
648		ConocoPhillips			80,035
646		Exxon Mobil Corp.			71,926
3,295		Kinder Morgan, Inc.			63,000
					287,735
		Pharmaceuticals — 2.0%
774		Bristol-Myers Squibb Co.			62,137
174		Eli Lilly & Co.			64,568
331		Johnson & Johnson			58,918
615		Merck & Co., Inc.			67,724
1,363		Perrigo Co. PLC			43,929
1,109		Pfizer, Inc.			55,594
					352,870
		Professional Services — 0.4%
569		Leidos Holdings, Inc.			62,209
		Road & Rail — 0.3%
262		Union Pacific Corp.			56,967
		Semiconductors & Semiconductor Equipment — 1.5%
1,425		Intel Corp.			42,850
335		NVIDIA Corp.			56,692
556		Qorvo, Inc. (a)			55,183
385		QUALCOMM, Inc.			48,698
345		Texas Instruments, Inc.			62,259
					265,682
		Software — 1.6%
148		Adobe, Inc. (a)			51,049
220		Microsoft Corp.			56,131
791		Oracle Corp.			65,677
327		Salesforce, Inc. (a)			52,402
162		Tyler Technologies, Inc. (a)			55,524
					280,783
		Specialty Retail — 1.2%
6,046		Gap (The), Inc.			87,909
190		Home Depot (The), Inc.			61,558
301		Lowe’s Cos., Inc.			63,977
					213,444
		Technology Hardware, Storage & Peripherals — 1.8%
377		Apple, Inc.			55,807
4,136		Hewlett Packard Enterprise Co.			69,402
833		NetApp, Inc.			56,319

 

Shares		Description		Value
		Common Stocks (Continued)
		Technology Hardware, Storage & Peripherals (Continued)
709		Seagate Technology Holdings PLC		$	37,556
1,173		Western Digital Corp. (a)			43,108
3,617		Xerox Holdings Corp.			58,993
					321,185
		Textiles, Apparel & Luxury Goods — 1.6%
5,031		Hanesbrands, Inc.			33,808
519		NIKE, Inc., Class B			56,929
914		PVH Corp.			61,403
585		Ralph Lauren Corp.			66,175
6,540		Under Armour, Inc., Class A (a)			65,400
					283,715
		Tobacco — 0.7%
1,327		Altria Group, Inc.			61,811
625		Philip Morris International, Inc.			62,294
					124,105
		Total Common Stocks — 50.9%			8,946,394
		(Cost $7,690,630)
		Money Market Funds — 48.9%
8,604,746		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			8,604,746
		(Cost $8,604,746)
		Total Investments — 99.8%			17,551,140
		(Cost $16,295,376)
		Net Other Assets and Liabilities — 0.2%			33,607
		Net Assets — 100.0%		$	17,584,747

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

 

EquityCompass Risk Manager ETF (ERM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:   • Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.   • 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.)   • Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.   The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows:

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	8,946,394			$	8,946,394			$	—			$	—
Money Market Funds			8,604,746				8,604,746				—				—
Total Investments		$	17,551,140			$	17,551,140			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
742,822			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	742,822
			(Cost $742,822)
			Total Investments — 0.5%			742,822
			(Cost $742,822)

  

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 101.2%
CALL OPTIONS PURCHASED — 93.9%
3,432			SPDR® S&P 500® ETF Trust		$	139,915,776			$	4.38			01/20/23			137,758,214
			(Cost $146,942,589)
PUT OPTIONS PURCHASED — 7.3%
3,432			SPDR® S&P 500® ETF Trust			139,915,776				437.98			01/20/23			10,705,812
			(Cost $15,328,506)
			Total Purchased Options													148,464,026
			(Cost $162,271,095)
WRITTEN OPTIONS — (1.6)%
CALL OPTIONS WRITTEN — (0.0)%
(3,432	)		SPDR® S&P 500® ETF Trust			(139,915,776	)			500.17			01/20/23			(6,730	)
			(Premiums received $1,704,262)
PUT OPTIONS WRITTEN — (1.6)%
(3,432	)		SPDR® S&P 500® ETF Trust			(139,915,776	)			394.18			01/20/23			(2,406,897	)
			(Premiums received $8,008,654)
			Total Written Options													(2,413,627	)
			(Premiums received $9,712,916)
			Net Other Assets and Liabilities — (0.1)%													(114,749	)
			Net Assets — 100.0%												$	146,678,472

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	742,822			$	742,822			$	—			$	—
Call Options Purchased			137,758,214				—				137,758,214				—
Put Options Purchased			10,705,812				—				10,705,812				—
Total		$	149,206,848			$	742,822			$	148,464,026			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(6,730	)		$	—			$	(6,730	)		$	—
Put Options Written			(2,406,897	)			—				(2,406,897	)			—
Total		$	(2,413,627	)		$	—			$	(2,413,627	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
832,263			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	832,263
			(Cost $832,263)
			Total Investments — 0.5%			832,263
			(Cost $832,263)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 99.7%
CALL OPTIONS PURCHASED — 96.0%
4,292			SPDR® S&P 500® ETF Trust		$	174,976,256			$	4.37			01/20/23			172,272,296
			(Cost $176,154,470)
PUT OPTIONS PURCHASED — 3.7%
4,292			SPDR® S&P 500® ETF Trust			174,976,256				416.08			01/20/23			6,618,264
			(Cost $14,927,255)
			Total Purchased Options													178,890,560
			(Cost $191,081,725)
WRITTEN OPTIONS — (0.1)%
CALL OPTIONS WRITTEN — (0.0)%
(4,292	)		SPDR® S&P 500® ETF Trust			(174,976,256	)			477.53			01/20/23			(21,460	)
			(Premiums received $3,272,247)
PUT OPTIONS WRITTEN — (0.1)%
(4,292	)		SPDR® S&P 500® ETF Trust			(174,976,256	)			306.59			01/20/23			(128,760	)
			(Premiums received $2,810,118)
			Total Written Options													(150,220	)
			(Premiums received $6,082,365)
			Net Other Assets and Liabilities — (0.1)%													(95,538	)
			Net Assets — 100.0%												$	179,477,065

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	832,263			$	832,263			$	—			$	—
Call Options Purchased			172,272,296				—				172,272,296				—
Put Options Purchased			6,618,264				—				6,618,264				—
Total		$	179,722,823			$	832,263			$	178,890,560			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(21,460	)		$	—			$	(21,460	)		$	—
Put Options Written			(128,760	)			—				(128,760	)			—
Total		$	(150,220	)		$	—			$	(150,220	)		$	—

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.6%
1,432,916			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,432,916
			(Cost $1,432,916)
			Total Investments — 0.6%			1,432,916
			(Cost $1,432,916)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 101.7%
CALL OPTIONS PURCHASED — 94.8%
5,972			SPDR® S&P 500® ETF Trust		$	243,466,496			$	4.34			02/17/23			239,836,413
			(Cost $254,401,482)
PUT OPTIONS PURCHASED — 6.9%
5,972			SPDR® S&P 500® ETF Trust			243,466,496				434.23			02/17/23			17,442,720
			(Cost $23,032,962)
			Total Purchased Options													257,279,133
			(Cost $277,434,444)
WRITTEN OPTIONS — (2.2)%
CALL OPTIONS WRITTEN — (0.0)%
(5,972	)		SPDR® S&P 500® ETF Trust			(243,466,496	)			496.11			02/17/23			(52,397	)
			(Premiums received $5,613,748)
PUT OPTIONS WRITTEN — (2.2)%
(5,972	)		SPDR® S&P 500® ETF Trust			(243,466,496	)			390.81			02/17/23			(5,406,350	)
			(Premiums received $13,613,616)
			Total Written Options													(5,458,747	)
			(Premiums received $19,227,364)
			Net Other Assets and Liabilities — (0.1)%													(168,778	)
			Net Assets — 100.0%												$	253,084,524

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,432,916			$	1,432,916			$	—			$	—
Call Options Purchased			239,836,413				—				239,836,413				—
Put Options Purchased			17,442,720				—				17,442,720				—
Total		$	258,712,049			$	1,432,916			$	257,279,133			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(52,397	)		$	—			$	(52,397	)		$	—
Put Options Written			(5,406,350	)			—				(5,406,350	)			—
Total		$	(5,458,747	)		$	—			$	(5,458,747	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
1,681,676			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,681,676
			(Cost $1,681,676)
			Total Investments — 0.5%			1,681,676

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 99.8%
CALL OPTIONS PURCHASED — 95.8%
7,396			SPDR® S&P 500® ETF Trust		$	301,520,128			$	4.33			02/17/23			297,031,788
			(Cost $312,619,287)
PUT OPTIONS PURCHASED — 4.0%
7,396			SPDR® S&P 500® ETF Trust			301,520,128				412.52			02/17/23			12,198,360
			(Cost $22,472,407)
			Total Purchased Options													309,230,148
			(Cost $335,091,694)
WRITTEN OPTIONS — (0.2)%
CALL OPTIONS WRITTEN — (0.1)%
(7,396	)		SPDR® S&P 500® ETF Trust			(301,520,128	)			474.61			02/17/23			(256,571	)
			(Premiums received $10,729,976)
PUT OPTIONS WRITTEN — (0.1)%
(7,396	)		SPDR® S&P 500® ETF Trust			(301,520,128	)			303.96			02/17/23			(352,670	)
			(Premiums received $5,808,470)
			Total Written Options													(609,241	)
			(Premiums received $16,538,446)
			Net Other Assets and Liabilities — (0.1)%													(202,415	)
			Net Assets — 100.0%												$	310,100,168

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,681,676			$	1,681,676			$	—			$	—
Call Options Purchased			297,031,788				—				297,031,788				—
Put Options Purchased			12,198,360				—				12,198,360				—
Total		$	310,911,824			$	1,681,676			$	309,230,148			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(256,571	)		$	—			$	(256,571	)		$	—
Put Options Written			(352,670	)			—				(352,670	)			—
Total		$	(609,241	)		$	—			$	(609,241	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
1,092,176			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,092,176
			(Cost $1,092,176)
			Total Investments — 0.7%			1,092,176
			(Cost $1,092,176)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.9%
CALL OPTIONS PURCHASED — 93.8%
3,906			SPDR® S&P 500® ETF Trust		$	159,239,808			$	4.45			03/17/23			156,000,337
			(Cost $168,265,131)
PUT OPTIONS PURCHASED — 9.1%
3,906			SPDR® S&P 500® ETF Trust			159,239,808				444.52			03/17/23			15,237,790
			(Cost $18,159,401)
			Total Purchased Options													171,238,127
			(Cost $186,424,532)
WRITTEN OPTIONS — (3.5)%
CALL OPTIONS WRITTEN — (0.0)%
(3,906	)		SPDR® S&P 500® ETF Trust			(159,239,808	)			510.22			03/17/23			(30,015	)
			(Premiums received $2,807,373)
PUT OPTIONS WRITTEN — (3.5)%
(3,906	)		SPDR® S&P 500® ETF Trust			(159,239,808	)			400.07			03/17/23			(5,802,598	)
			(Premiums received $9,490,860)
			Total Written Options													(5,832,613	)
			(Premiums received $12,298,233)
			Net Other Assets and Liabilities — (0.1)%													(125,698	)
			Net Assets — 100.0%												$	166,371,992

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,092,176			$	1,092,176			$	—			$	—
Call Options Purchased			156,000,337				—				156,000,337				—
Put Options Purchased			15,237,790				—				15,237,790				—
Total		$	172,330,303			$	1,092,176			$	171,238,127			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(30,015	)		$	—			$	(30,015	)		$	—
Put Options Written			(5,802,598	)			—				(5,802,598	)			—
Total		$	(5,832,613	)		$	—			$	(5,832,613	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.6%
1,405,621			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,405,621
			(Cost $1,405,621)
			Total Investments — 0.6%			1,405,621
			(Cost $1,405,621)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 99.9%
CALL OPTIONS PURCHASED — 94.0%
5,256			SPDR® S&P 500® ETF Trust		$	214,276,608			$	4.44			03/17/23			209,922,689
			(Cost $220,848,244)
PUT OPTIONS PURCHASED — 5.9%
5,256			SPDR® S&P 500® ETF Trust			214,276,608				422.29			03/17/23			13,113,370
			(Cost $17,760,996)
			Total Purchased Options													223,036,059
			(Cost $238,609,240)
WRITTEN OPTIONS — (0.4)%
CALL OPTIONS WRITTEN — (0.1)%
(5,256	)		SPDR® S&P 500® ETF Trust			(214,276,608	)			489.06			03/17/23			(146,969	)
			(Premiums received $5,103,272)
PUT OPTIONS WRITTEN — (0.3)%
(5,256	)		SPDR® S&P 500® ETF Trust			(214,276,608	)			311.16			03/17/23			(785,725	)
			(Premiums received $3,844,927)
			Total Written Options													(932,694	)
			(Premiums received $8,948,199)
			Net Other Assets and Liabilities — (0.1)%													(145,850	)
			Net Assets — 100.0%												$	223,363,136

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,405,621			$	1,405,621			$	—			$	—
Call Options Purchased			209,922,689				—				209,922,689				—
Put Options Purchased			13,113,370				—				13,113,370				—
Total		$	224,441,680			$	1,405,621			$	223,036,059			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(146,969	)		$	—			$	(146,969	)		$	—
Put Options Written			(785,725	)			—				(785,725	)			—
Total		$	(932,694	)		$	—			$	(932,694	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
1,999,982			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,999,982
			(Cost $1,999,982)
			Total Investments — 0.7%			1,999,982
			(Cost $1,999,982)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.0%
CALL OPTIONS PURCHASED — 94.6%
6,485			SPDR® S&P 500® ETF Trust		$	264,380,480			$	4.38			04/21/23			259,098,651
			(Cost $270,744,407)
PUT OPTIONS PURCHASED — 8.4%
6,485			SPDR® S&P 500® ETF Trust			264,380,480				437.79			04/21/23			22,919,104
			(Cost $25,947,457)
			Total Purchased Options													282,017,755
			(Cost $296,691,864)
WRITTEN OPTIONS — (3.6)%
CALL OPTIONS WRITTEN — (0.1)%
(6,485	)		SPDR® S&P 500® ETF Trust			(264,380,480	)			509.37			04/21/23			(165,810	)
			(Premiums received $3,905,473)
PUT OPTIONS WRITTEN — (3.5)%
(6,485	)		SPDR® S&P 500® ETF Trust			(264,380,480	)			394.01			04/21/23			(9,735,186	)
			(Premiums received $15,078,656)
			Total Written Options													(9,900,996	)
			(Premiums received $18,984,129)
			Net Other Assets and Liabilities — (0.1)%													(179,519	)
			Net Assets — 100.0%												$	273,937,222

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,999,982			$	1,999,982			$	—			$	—
Call Options Purchased			259,098,651				—				259,098,651				—
Put Options Purchased			22,919,104				—				22,919,104				—
Total		$	284,017,737			$	1,999,982			$	282,017,755			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(165,810	)		$	—			$	(165,810	)		$	—
Put Options Written			(9,735,186	)			—				(9,735,186	)			—
Total		$	(9,900,996	)		$	—			$	(9,900,996	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
2,015,090			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,015,090
			(Cost $2,015,090)
			Total Investments — 0.7%			2,015,090
			(Cost $2,015,090)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 100.1%
CALL OPTIONS PURCHASED — 94.5%
6,735			SPDR® S&P 500® ETF Trust		$	274,572,480			$	4.37			04/21/23			269,093,647
			(Cost $271,871,481)
PUT OPTIONS PURCHASED — 5.6%
6,735			SPDR® S&P 500® ETF Trust			274,572,480				415.90			04/21/23			15,936,411
			(Cost $25,886,383)
			Total Purchased Options													285,030,058
			(Cost $297,757,864)
WRITTEN OPTIONS — (0.7)%
CALL OPTIONS WRITTEN — (0.2)%
(6,735	)		SPDR® S&P 500® ETF Trust			(274,572,480	)			485.77			04/21/23			(629,120	)
			(Premiums received $4,861,092)
PUT OPTIONS WRITTEN — (0.5)%
(6,735	)		SPDR® S&P 500® ETF Trust			(274,572,480	)			306.45			04/21/23			(1,380,181	)
			(Premiums received $5,974,420)
			Total Written Options													(2,009,301	)
			(Premiums received $10,835,512)
			Net Other Assets and Liabilities — (0.1)%													(185,781	)
			Net Assets — 100.0%												$	284,850,066

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,015,090			$	2,015,090			$	—			$	—
Call Options Purchased			269,093,647				—				269,093,647				—
Put Options Purchased			15,936,411				—				15,936,411				—
Total		$	287,045,148			$	2,015,090			$	285,030,058			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(629,120	)		$	—			$	(629,120	)		$	—
Put Options Written			(1,380,181	)			—				(1,380,181	)			—
Total		$	(2,009,301	)		$	—			$	(2,009,301	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
2,861,628			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,861,628
			(Cost $2,861,628)
			Total Investments — 0.7%			2,861,628
			(Cost $2,861,628)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.0%
CALL OPTIONS PURCHASED — 98.2%
9,727			SPDR® S&P 500® ETF Trust		$	396,550,336			$	3.90			05/19/23			388,945,218
			(Cost $376,755,720)
PUT OPTIONS PURCHASED — 3.8%
9,727			SPDR® S&P 500® ETF Trust			396,550,336				389.63			05/19/23			15,113,852
			(Cost $31,865,433)
			Total Purchased Options													404,059,070
			(Cost $408,621,153)
WRITTEN OPTIONS — (2.6)%
CALL OPTIONS WRITTEN — (0.9)%
(9,727	)		SPDR® S&P 500® ETF Trust			(396,550,336	)			469.31			05/19/23			(3,453,686	)
			(Premiums received $8,026,451)
PUT OPTIONS WRITTEN — (1.7)%
(9,727	)		SPDR® S&P 500® ETF Trust			(396,550,336	)			350.67			05/19/23			(7,004,015	)
			(Premiums received $19,000,581)
			Total Written Options													(10,457,701	)
			(Premiums received $27,027,032)
			Net Other Assets and Liabilities — (0.1)%													(243,181	)
			Net Assets — 100.0%												$	396,219,816

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,861,628			$	2,861,628			$	—			$	—
Call Options Purchased			388,945,218				—				388,945,218				—
Put Options Purchased			15,113,852				—				15,113,852				—
Total		$	406,920,698			$	2,861,628			$	404,059,070			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(3,453,686	)		$	—			$	(3,453,686	)		$	—
Put Options Written			(7,004,015	)			—				(7,004,015	)			—
Total		$	(10,457,701	)		$	—			$	(10,457,701	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
1,383,553			Dreyfus Government Cash Management Fund, Institutional Shares – 3.61% (a)		$	1,383,553
			(Cost $1,383,553)
			Total Investments — 0.7%			1,383,553
			(Cost $1,383,553)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.2%
CALL OPTIONS PURCHASED — 99.5%
4,826			SPDR® S&P 500® ETF Trust		$	196,746,368			$	3.89			05/19/23			192,977,849
			(Cost $188,866,375)
PUT OPTIONS PURCHASED — 2.7%
4,826			SPDR® S&P 500® ETF Trust			196,746,368				370.15			05/19/23			5,157,885
			(Cost $12,899,281)
			Total Purchased Options													198,135,734
			(Cost $201,765,656)
WRITTEN OPTIONS — (2.8)%
CALL OPTIONS WRITTEN — (2.5)%
(4,826	)		SPDR® S&P 500® ETF Trust			(196,746,368	)			443.91			05/19/23			(4,778,475	)
			(Premiums received $6,288,574)
PUT OPTIONS WRITTEN — (0.3)%
(4,826	)		SPDR® S&P 500® ETF Trust			(196,746,368	)			272.74			05/19/23			(670,511	)
			(Premiums received $2,694,054)
			Total Written Options													(5,448,986	)
			(Premiums received $8,982,628)
			Net Other Assets and Liabilities — (0.1)%													(150,040	)
			Net Assets — 100.0%												$	193,920,261

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,383,553			$	1,383,553			$	—			$	—
Call Options Purchased			192,977,849				—				192,977,849				—
Put Options Purchased			5,157,885				—				5,157,885				—
Total		$	199,519,287			$	1,383,553			$	198,135,734			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(4,778,475	)		$	—			$	(4,778,475	)		$	—
Put Options Written			(670,511	)			—				(670,511	)			—
Total		$	(5,448,986	)		$	—			$	(5,448,986	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.8%
2,563,079			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,563,079
			(Cost $2,563,079)
			Total Investments — 0.8%			2,563,079
			(Cost $2,563,079)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.4%
CALL OPTIONS PURCHASED — 100.6%
8,310			SPDR® S&P 500® ETF Trust		$	338,782,080			$	3.66			06/16/23			331,649,211
			(Cost $301,663,283)
PUT OPTIONS PURCHASED — 2.8%
8,310			SPDR® S&P 500® ETF Trust			338,782,080				365.86			06/16/23			9,404,588
			(Cost $25,172,407)
			Total Purchased Options													341,053,799
			(Cost $326,835,690)
WRITTEN OPTIONS — (4.1)%
CALL OPTIONS WRITTEN — (2.7)%
(8,310	)		SPDR® S&P 500® ETF Trust			(338,782,080	)			447.08			06/16/23			(8,839,900	)
			(Premiums received $6,288,667)
PUT OPTIONS WRITTEN — (1.4)%
(8,310	)		SPDR® S&P 500® ETF Trust			(338,782,080	)			329.27			06/16/23			(4,752,127	)
			(Premiums received $15,243,515)
			Total Written Options													(13,592,027	)
			(Premiums received $21,532,182)
			Net Other Assets and Liabilities — (0.1)%													(214,530	)
			Net Assets — 100.0%												$	329,810,321

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,563,079			$	2,563,079			$	—			$	—
Call Options Purchased			331,649,211				—				331,649,211				—
Put Options Purchased			9,404,588				—				9,404,588				—
Total		$	343,616,878			$	2,563,079			$	341,053,799			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(8,839,900	)		$	—			$	(8,839,900	)		$	—
Put Options Written			(4,752,127	)			—				(4,752,127	)			—
Total		$	(13,592,027	)		$	—			$	(13,592,027	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.8%
1,394,700			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,394,700
			(Cost $1,394,700)
			Total Investments — 0.8%			1,394,700
			(Cost $1,394,700)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 105.1%
CALL OPTIONS PURCHASED — 103.0%
4,733			SPDR® S&P 500® ETF Trust		$	192,954,944			$	3.65			06/16/23			188,896,996
			(Cost $172,433,426)
PUT OPTIONS PURCHASED — 2.1%
4,733			SPDR® S&P 500® ETF Trust			192,954,944				347.57			06/16/23			3,819,167
			(Cost $11,746,795)
			Total Purchased Options													192,716,163
			(Cost $184,180,221)
WRITTEN OPTIONS — (5.8)%
CALL OPTIONS WRITTEN — (5.4)%
(4,733	)		SPDR® S&P 500® ETF Trust			(192,954,944	)			422.90			06/16/23			(9,865,469	)
			(Premiums received $7,045,866)
PUT OPTIONS WRITTEN — (0.4)%
(4,733	)		SPDR® S&P 500® ETF Trust			(192,954,944	)			256.10			06/16/23			(753,979	)
			(Premiums received $3,117,459)
			Total Written Options													(10,619,448	)
			(Premiums received $10,163,325)
			Net Other Assets and Liabilities — (0.1)%													(121,085	)
			Net Assets — 100.0%												$	183,370,330

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,394,700			$	1,394,700			$	—			$	—
Call Options Purchased			188,896,996				—				188,896,996				—
Put Options Purchased			3,819,167				—				3,819,167				—
Total		$	194,110,863			$	1,394,700			$	192,716,163			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(9,865,469	)		$	—			$	(9,865,469	)		$	—
Put Options Written			(753,979	)			—				(753,979	)			—
Total		$	(10,619,448	)		$	—			$	(10,619,448	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.9%
1,953,261			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,953,261
			(Cost $1,953,261)
			Total Investments — 0.9%			1,953,261
			(Cost $1,953,261)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.3%
CALL OPTIONS PURCHASED — 98.9%
5,500			SPDR® S&P 500® ETF Trust		$	224,224,000			$	3.85			07/21/23			219,474,882
			(Cost $209,510,442)
PUT OPTIONS PURCHASED — 4.4%
5,500			SPDR® S&P 500® ETF Trust			224,224,000				385.13			07/21/23			9,816,617
			(Cost $17,332,315)
			Total Purchased Options													229,291,499
			(Cost $226,842,757)
WRITTEN OPTIONS — (4.1)%
CALL OPTIONS WRITTEN — (1.8)%
(5,500	)		SPDR® S&P 500® ETF Trust			(224,224,000	)			467.16			07/21/23			(3,930,926	)
			(Premiums received $4,274,543)
PUT OPTIONS WRITTEN — (2.3)%
(5,500	)		SPDR® S&P 500® ETF Trust			(224,224,000	)			346.62			07/21/23			(5,191,829	)
			(Premiums received $10,686,437)
			Total Written Options													(9,122,755	)
			(Premiums received $14,960,980)
			Net Other Assets and Liabilities — (0.1)%													(178,464	)
			Net Assets — 100.0%												$	221,943,541

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,953,261			$	1,953,261			$	—			$	—
Call Options Purchased			219,474,882				—				219,474,882				—
Put Options Purchased			9,816,617				—				9,816,617				—
Total		$	231,244,760			$	1,953,261			$	229,291,499			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(3,930,926	)		$	—			$	(3,930,926	)		$	—
Put Options Written			(5,191,829	)			—				(5,191,829	)			—
Total		$	(9,122,755	)		$	—			$	(9,122,755	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.8%
1,511,701			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,511,701
			(Cost $1,511,701)
			Total Investments — 0.8%			1,511,701
			(Cost $1,511,701)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.6%
CALL OPTIONS PURCHASED — 100.3%
4,479			SPDR® S&P 500® ETF Trust		$	182,599,872			$	3.84			07/21/23			178,736,707
			(Cost $172,285,062)
PUT OPTIONS PURCHASED — 3.3%
4,479			SPDR® S&P 500® ETF Trust			182,599,872				365.87			07/21/23			5,854,707
			(Cost $10,522,981)
			Total Purchased Options													184,591,414
			(Cost $182,808,043)
WRITTEN OPTIONS — (4.3)%
CALL OPTIONS WRITTEN — (3.7)%
(4,479	)		SPDR® S&P 500® ETF Trust			(182,599,872	)			442.98			07/21/23			(6,675,462	)
			(Premiums received $7,200,747)
PUT OPTIONS WRITTEN — (0.6)%
(4,479	)		SPDR® S&P 500® ETF Trust			(182,599,872	)			269.59			07/21/23			(1,116,438	)
			(Premiums received $2,713,432)
			Total Written Options													(7,791,900	)
			(Premiums received $9,914,179)
			Net Other Assets and Liabilities — (0.1)%													(117,916	)
			Net Assets — 100.0%												$	178,193,299

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,511,701			$	1,511,701			$	—			$	—
Call Options Purchased			178,736,707				—				178,736,707				—
Put Options Purchased			5,854,707				—				5,854,707				—
Total		$	186,103,115			$	1,511,701			$	184,591,414			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(6,675,462	)		$	—			$	(6,675,462	)		$	—
Put Options Written			(1,116,438	)			—				(1,116,438	)			—
Total		$	(7,791,900	)		$	—			$	(7,791,900	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
3,103,662			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	3,103,662
			(Cost $3,103,662)
			Total Investments — 1.0%			3,103,662
			(Cost $3,103,662)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.7%
CALL OPTIONS PURCHASED — 96.1%
7,493			SPDR® S&P 500® ETF Trust		$	305,474,624			$	4.22			08/18/23			298,820,840
			(Cost $305,983,932)
PUT OPTIONS PURCHASED — 7.6%
7,493			SPDR® S&P 500® ETF Trust			305,474,624				422.14			08/18/23			23,535,513
			(Cost $29,833,561)
			Total Purchased Options													322,356,353
			(Cost $335,817,493)
WRITTEN OPTIONS — (4.6)%
CALL OPTIONS WRITTEN — (0.5)%
(7,493	)		SPDR® S&P 500® ETF Trust			(305,474,624	)			508.51			08/18/23			(1,513,586	)
			(Premiums received $6,359,324)
PUT OPTIONS WRITTEN — (4.1)%
(7,493	)		SPDR® S&P 500® ETF Trust			(305,474,624	)			379.93			08/18/23			(12,895,453	)
			(Premiums received $17,380,118)
			Total Written Options													(14,409,039	)
			(Premiums received $23,739,442)
			Net Other Assets and Liabilities — (0.1)%													(178,860	)
			Net Assets — 100.0%												$	310,872,116

 

(a)	Rate shown reflects yield as of November 30, 2022.

  

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	3,103,662			$	3,103,662			$	—			$	—
Call Options Purchased			298,820,840				—				298,820,840				—
Put Options Purchased			23,535,513				—				23,535,513				—
Total		$	325,460,015			$	3,103,662			$	322,356,353			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(1,513,586	)		$	—			$	(1,513,586	)		$	—
Put Options Written			(12,895,453	)			—				(12,895,453	)			—
Total		$	(14,409,039	)		$	—			$	(14,409,039	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
3,079,438			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	3,079,438
			(Cost $3,079,438)
			Total Investments — 1.0%			3,079,438
			(Cost $3,079,438)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 101.3%
CALL OPTIONS PURCHASED — 95.7%
7,716			SPDR® S&P 500® ETF Trust		$	314,565,888			$	4.21			08/18/23			307,390,008
			(Cost $300,723,459)
PUT OPTIONS PURCHASED — 5.6%
7,716			SPDR® S&P 500® ETF Trust			314,565,888				401.03			08/18/23			17,962,848
			(Cost $26,637,550)
			Total Purchased Options													325,352,856
			(Cost $327,361,009)
WRITTEN OPTIONS — (2.2)%
CALL OPTIONS WRITTEN — (1.2)%
(7,716	)		SPDR® S&P 500® ETF Trust			(314,565,888	)			483.22			08/18/23			(3,996,888	)
			(Premiums received $6,768,690)
PUT OPTIONS WRITTEN — (1.0)%
(7,716	)		SPDR® S&P 500® ETF Trust			(314,565,888	)			295.50			08/18/23			(3,194,424	)
			(Premiums received $6,612,151)
			Total Written Options													(7,191,312	)
			(Premiums received $13,380,841)
			Net Other Assets and Liabilities — (0.1)%													(206,084	)
			Net Assets — 100.0%												$	321,034,898

  

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	3,079,438			$	3,079,438			$	—			$	—
Call Options Purchased			307,390,008				—				307,390,008				—
Put Options Purchased			17,962,848				—				17,962,848				—
Total		$	328,432,294			$	3,079,438			$	325,352,856			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(3,996,888	)		$	—			$	(3,996,888	)		$	—
Put Options Written			(3,194,424	)			—				(3,194,424	)			—
Total		$	(7,191,312	)		$	—			$	(7,191,312	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
2,661,834			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,661,834
			(Cost $2,661,834)
			Total Investments — 1.0%			2,661,834
			(Cost $2,661,834)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.8%
CALL OPTIONS PURCHASED — 98.8%
6,558			SPDR® S&P 500® ETF Trust		$	267,356,544			$	3.86			09/15/23			260,470,644
			(Cost $245,740,515)
PUT OPTIONS PURCHASED — 5.0%
6,558			SPDR® S&P 500® ETF Trust			267,356,544				385.56			09/15/23			13,240,602
			(Cost $17,369,973)
			Total Purchased Options													273,711,246
			(Cost $263,110,488)
WRITTEN OPTIONS — (4.7)%
CALL OPTIONS WRITTEN — (1.9)%
(6,558	)		SPDR® S&P 500® ETF Trust			(267,356,544	)			475.82			09/15/23			(4,970,964	)
			(Premiums received $5,228,547)
PUT OPTIONS WRITTEN — (2.8)%
(6,558	)		SPDR® S&P 500® ETF Trust			(267,356,544	)			347.00			09/15/23			(7,554,816	)
			(Premiums received $9,766,058)
			Total Written Options													(12,525,780	)
			(Premiums received $14,994,605)
			Net Other Assets and Liabilities — (0.1)%													(144,982	)
			Net Assets — 100.0%												$	263,702,318

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,661,834			$	2,661,834			$	—			$	—
Call Options Purchased			260,470,644				—				260,470,644				—
Put Options Purchased			13,240,602				—				13,240,602				—
Total		$	276,373,080			$	2,661,834			$	273,711,246			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(4,970,964	)		$	—			$	(4,970,964	)		$	—
Put Options Written			(7,554,816	)			—				(7,554,816	)			—
Total		$	(12,525,780	)		$	—			$	(12,525,780	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
2,924,459			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,924,459
			(Cost $2,924,459)
			Total Investments — 1.0%			2,924,459
			(Cost $2,924,459)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.8%
CALL OPTIONS PURCHASED — 99.9%
7,476			SPDR® S&P 500® ETF Trust		$	304,781,568			$	3.85			09/15/23			297,712,082
			(Cost $276,953,833)
PUT OPTIONS PURCHASED — 3.9%
7,476			SPDR® S&P 500® ETF Trust			304,781,568				366.28			09/15/23			11,634,151
			(Cost $19,707,778)
			Total Purchased Options													309,346,233
			(Cost $296,661,611)
WRITTEN OPTIONS — (4.7)%
CALL OPTIONS WRITTEN — (3.8)%
(7,476	)		SPDR® S&P 500® ETF Trust			(304,781,568	)			451.03			09/15/23			(11,471,972	)
			(Premiums received $8,242,848)
PUT OPTIONS WRITTEN — (0.9)%
(7,476	)		SPDR® S&P 500® ETF Trust			(304,781,568	)			269.89			09/15/23			(2,658,003	)
			(Premiums received $5,084,800)
			Total Written Options													(14,129,975	)
			(Premiums received $13,327,648)
			Net Other Assets and Liabilities — (0.1)%													(160,857	)
			Net Assets — 100.0%												$	297,979,860

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,924,459			$	2,924,459			$	—			$	—
Call Options Purchased			297,712,082				—				297,712,082				—
Put Options Purchased			11,634,151				—				11,634,151				—
Total		$	312,270,692			$	2,924,459			$	309,346,233			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(11,471,972	)		$	—			$	(11,471,972	)		$	—
Put Options Written			(2,658,003	)			—				(2,658,003	)			—
Total		$	(14,129,975	)		$	—			$	(14,129,975	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.1%
3,403,644			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	3,403,644
			(Cost $3,403,644)
			Total Investments — 1.1%			3,403,644
			(Cost $3,403,644)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 104.2%
CALL OPTIONS PURCHASED — 99.6%
7,964			SPDR® S&P 500® ETF Trust		$	324,676,352			$	3.74			10/20/23			317,618,902
			(Cost $292,698,234)
PUT OPTIONS PURCHASED — 4.6%
7,964			SPDR® S&P 500® ETF Trust			324,676,352				374.29			10/20/23			14,822,146
			(Cost $24,578,771)
			Total Purchased Options													332,441,048
			(Cost $317,277,005)
WRITTEN OPTIONS — (5.2)%
CALL OPTIONS WRITTEN — (2.5)%
(7,964	)		SPDR® S&P 500® ETF Trust			(324,676,352	)			475.80			10/20/23			(7,951,321	)
			(Premiums received $5,564,435)
PUT OPTIONS WRITTEN — (2.7)%
(7,964	)		SPDR® S&P 500® ETF Trust			(324,676,352	)			336.86			10/20/23			(8,769,471	)
			(Premiums received $15,121,916)
			Total Written Options													(16,720,792	)
			(Premiums received $20,686,351)
			Net Other Assets and Liabilities — (0.1)%													(194,329	)
			Net Assets — 100.0%												$	318,929,571

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	3,403,644			$	3,403,644			$	—			$	—
Call Options Purchased			317,618,902				—				317,618,902				—
Put Options Purchased			14,822,146				—				14,822,146				—
Total		$	335,844,692			$	3,403,644			$	332,441,048			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(7,951,321	)		$	—			$	(7,951,321	)		$	—
Put Options Written			(8,769,471	)			—				(8,769,471	)			—
Total		$	(16,720,792	)		$	—			$	(16,720,792	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
2,759,730			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	2,759,730
			(Cost $2,759,730)
			Total Investments — 1.0%			2,759,730
			(Cost $2,759,730)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 105.2%
CALL OPTIONS PURCHASED — 101.5%
6,694			SPDR® S&P 500® ETF Trust		$	272,900,992			$	3.73			10/20/23			266,975,389
			(Cost $248,707,850)
PUT OPTIONS PURCHASED — 3.7%
6,694			SPDR® S&P 500® ETF Trust			272,900,992				355.58			10/20/23			9,637,474
			(Cost $15,710,213)
			Total Purchased Options													276,612,863
			(Cost $264,418,063)
WRITTEN OPTIONS — (6.1)%
CALL OPTIONS WRITTEN — (5.2)%
(6,694	)		SPDR® S&P 500® ETF Trust			(272,900,992	)			446.15			10/20/23			(13,624,850	)
			(Premiums received $9,976,970)
PUT OPTIONS WRITTEN — (0.9)%
(6,694	)		SPDR® S&P 500® ETF Trust			(272,900,992	)			262.00			10/20/23			(2,387,332	)
			(Premiums received $4,001,237)
			Total Written Options													(16,012,182	)
			(Premiums received $13,978,207)
			Net Other Assets and Liabilities — (0.1)%													(145,643	)
			Net Assets — 100.0%												$	263,214,768

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	2,759,730			$	2,759,730			$	—			$	—
Call Options Purchased			266,975,389				—				266,975,389				—
Put Options Purchased			9,637,474				—				9,637,474				—
Total		$	279,372,593			$	2,759,730			$	276,612,863			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(13,624,850	)		$	—			$	(13,624,850	)		$	—
Put Options Written			(2,387,332	)			—				(2,387,332	)			—
Total		$	(16,012,182	)		$	—			$	(16,012,182	)		$	—

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.2%
3,881,886			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	3,881,886
			(Cost $3,881,886)
			Total Investments — 1.2%			3,881,886
			(Cost $3,881,886)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 104.7%
CALL OPTIONS PURCHASED — 98.4%
8,254			SPDR® S&P 500® ETF Trust		$	336,499,072			$	3.96			11/17/23			327,840,626
			(Cost $316,982,698)
PUT OPTIONS PURCHASED — 6.3%
8,254			SPDR® S&P 500® ETF Trust			336,499,072				396.03			11/17/23			21,188,018
			(Cost $26,204,612)
			Total Purchased Options													349,028,644
			(Cost $343,187,310)
WRITTEN OPTIONS — (5.9)%
CALL OPTIONS WRITTEN — (2.1)%
(8,254	)		SPDR® S&P 500® ETF Trust			(336,499,072	)			490.17			11/17/23			(6,801,296	)
			(Premiums received $4,723,183)
PUT OPTIONS WRITTEN — (3.8)%
(8,254	)		SPDR® S&P 500® ETF Trust			(336,499,072	)			356.43			11/17/23			(12,727,668	)
			(Premiums received $14,982,601)
			Total Written Options													(19,528,964	)
			(Premiums received $19,705,784)
			Net Other Assets and Liabilities — (0.0)%													(157,375	)
			Net Assets — 100.0%												$	333,224,191

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	3,881,886			$	3,881,886			$	—			$	—
Call Options Purchased			327,840,626				—				327,840,626				—
Put Options Purchased			21,188,018				—				21,188,018				—
Total		$	352,910,530			$	3,881,886			$	349,028,644			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(6,801,296	)		$	—			$	(6,801,296	)		$	—
Put Options Written			(12,727,668	)			—				(12,727,668	)			—
Total		$	(19,528,964	)		$	—			$	(19,528,964	)		$	—

 

 

 

 

 

 

 

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

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.1%
3,783,774			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	3,783,774
			(Cost $3,783,774)
			Total Investments — 1.1%			3,783,774
			(Cost $3,783,774)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 104.0%
CALL OPTIONS PURCHASED — 99.0%
8,223			SPDR® S&P 500® ETF Trust		$	335,235,264			$	3.95			11/17/23			326,617,560
			(Cost $316,190,369)
PUT OPTIONS PURCHASED — 5.0%
8,223			SPDR® S&P 500® ETF Trust			335,235,264				376.23			11/17/23			16,487,115
			(Cost $20,427,931)
			Total Purchased Options													343,104,675
			(Cost $336,618,300)
WRITTEN OPTIONS — (5.0)%
CALL OPTIONS WRITTEN — (3.8)%
(8,223	)		SPDR® S&P 500® ETF Trust			(335,235,264	)			464.11			11/17/23			(12,729,204	)
			(Premiums received $9,768,024)
PUT OPTIONS WRITTEN — (1.2)%
(8,223	)		SPDR® S&P 500® ETF Trust			(335,235,264	)			277.22			11/17/23			(3,889,479	)
			(Premiums received $4,492,885)
			Total Written Options													(16,618,683	)
			(Premiums received $14,260,909)
			Net Other Assets and Liabilities — (0.1)%													(198,087	)
			Net Assets — 100.0%												$	330,071,679

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

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

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	3,783,774			$	3,783,774			$	—			$	—
Call Options Purchased			326,617,560				—				326,617,560				—
Put Options Purchased			16,487,115				—				16,487,115				—
Total		$	346,888,449			$	3,783,774			$	343,104,675			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(12,729,204	)		$	—			$	(12,729,204	)		$	—
Put Options Written			(3,889,479	)			—				(3,889,479	)			—
Total		$	(16,618,683	)		$	—			$	(16,618,683	)		$	—

 

 

 

 

 

 

FT Cboe Vest U.S. Equity Buffer ETF - December (FDEC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.4%
835,261			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	835,261
			(Cost $835,261)
			Total Investments — 0.4%			835,261
			(Cost $835,261)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.5%
CALL OPTIONS PURCHASED — 90.2%
4,378			SPDR® S&P 500® ETF Trust		$	178,482,304			$	4.60			12/16/22			175,081,700
			(Cost $193,440,889)
PUT OPTIONS PURCHASED — 12.3%
4,378			SPDR® S&P 500® ETF Trust			178,482,304				459.87			12/16/22			23,807,097
			(Cost $22,510,586)
			Total Purchased Options													198,888,797
			(Cost $215,951,475)
WRITTEN OPTIONS — (2.8)%
CALL OPTIONS WRITTEN — (0.0)%
(4,378	)		SPDR® S&P 500® ETF Trust			(178,482,304	)			520.11			12/16/22			(1,691	)
			(Premiums received $2,102,178)
PUT OPTIONS WRITTEN — (2.8)%
(4,378	)		SPDR® S&P 500® ETF Trust			(178,482,304	)			413.88			12/16/22			(5,411,634	)
			(Premiums received $10,678,460)
			Total Written Options													(5,413,325	)
			(Premiums received $12,780,638)
			Net Other Assets and Liabilities — (0.1)%													(139,178	)
			Net Assets — 100.0%												$	194,171,555

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

FT Cboe Vest U.S. Equity Buffer ETF - December (FDEC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	835,261			$	835,261			$	—			$	—
Call Options Purchased			175,081,700				—				175,081,700				—
Put Options Purchased			23,807,097				—				23,807,097				—
Total		$	199,724,058			$	835,261			$	198,888,797			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(1,691	)		$	—			$	(1,691	)		$	—
Put Options Written			(5,411,634	)			—				(5,411,634	)			—
Total		$	(5,413,325	)		$	—			$	(5,413,325	)		$	—

 

 

 

 

 

 

FT Cboe Vest U.S. Equity Deep Buffer ETF - December (DDEC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.4%
929,800			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	929,800
			(Cost $929,800)
			Total Investments — 0.4%			929,800
			(Cost $929,800)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 99.7%
CALL OPTIONS PURCHASED — 92.4%
5,116			SPDR® S&P 500® ETF Trust		$	208,569,088			$	4.59			12/16/22			204,600,349
			(Cost $218,337,548)
PUT OPTIONS PURCHASED — 7.3%
5,116			SPDR® S&P 500® ETF Trust			208,569,088				436.88			12/16/22			16,189,164
			(Cost $21,374,142)
			Total Purchased Options													220,789,513
			(Cost $239,711,690)
WRITTEN OPTIONS — (0.0)%
CALL OPTIONS WRITTEN — (0.0)%
(5,116	)		SPDR® S&P 500® ETF Trust			(208,569,088	)			497.12			12/16/22			(2,579	)
			(Premiums received $2,638,076)
PUT OPTIONS WRITTEN — (0.0)%
(5,116	)		SPDR® S&P 500® ETF Trust			(208,569,088	)			321.91			12/16/22			(35,156	)
			(Premiums received $3,320,097)
			Total Written Options													(37,735	)
			(Premiums received $5,958,173)
			Net Other Assets and Liabilities — (0.1)%													(181,256	)
			Net Assets — 100.0%												$	221,500,322

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

 

FT Cboe Vest U.S. Equity Deep Buffer ETF - December (DDEC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	929,800			$	929,800			$	—			$	—
Call Options Purchased			204,600,349				—				204,600,349				—
Put Options Purchased			16,189,164				—				16,189,164				—
Total		$	221,719,313			$	929,800			$	220,789,513			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(2,579	)		$	—			$	(2,579	)		$	—
Put Options Written			(35,156	)			—				(35,156	)			—
Total		$	(37,735	)		$	—			$	(37,735	)		$	—

 

 

 

 

 

 

FT Cboe Vest Buffered Allocation Defensive ETF (BUFT)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets (a) — 100.0%
1,004,530		FT Cboe Vest U.S. Equity Deep Buffer ETF - January (b)		$	30,959,615
929,805		FT Cboe Vest U.S. Equity Deep Buffer ETF - June (b)			30,695,559
855,496		FT Cboe Vest U.S. Equity Deep Buffer ETF - July (b)			27,059,338
895,230		FT Cboe Vest U.S. Equity Deep Buffer ETF - October (b)			28,647,360
813,047		FT Cboe Vest U.S. Equity Deep Buffer ETF - November (b)			27,293,988
		Total Exchange-Traded Funds — 100.0%			144,655,860
		(Cost $142,951,604)
		Money Market Funds — 0.0%
46,261		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (c)			46,261
		(Cost $46,261)
		Total Investments — 100.0%			144,702,121
		(Cost $142,997,865)
		Net Other Assets and Liabilities — (0.0)%			(25,785	)
		Net Assets — 100.0%		$	144,676,336

 

(a)	Represents investments in affiliated funds.
(b)	Non-income producing security.
(c)	Rate shown reflects yield as of November 30, 2022.

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	144,655,860			$	144,655,860			$	—			$	—
Money Market Funds			46,261				46,261				—				—
Total Investments		$	144,702,121			$	144,702,121			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

FT Cboe Vest Buffered Allocation Defensive ETF (BUFT)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Affiliated Transactions
Amounts related to investments in affiliated funds at November 30, 2022, and for the fiscal year-to-date period (September 1, 2022 to November 30, 2022) are as follows:

 

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 11/30/2022				Dividend Income
FT Cboe Vest U.S. Equity Deep Buffer ETF - January			1,004,530			$	—			$	35,763,291			$	(5,214,894	)		$	367,433			$	43,785			$	30,959,615			$	—
FT Cboe Vest U.S. Equity Deep Buffer ETF - May			—				27,695,088				30,220,945				(58,176,928	)			561,439				(300,544	)			—				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - June			929,805				33,229,031				7,248,271				(10,337,706	)			575,205				(19,242	)			30,695,559				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - July			855,496				28,339,734				5,371,904				(7,201,675	)			538,224				11,151				27,059,338				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - October			895,230				—				31,773,616				(3,226,549	)			107,428				(7,135	)			28,647,360				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - November			813,047				36,265,081				37,525,900				(46,769,219	)			188,689				83,537				27,293,988				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - December			—				29,300,856				12,730,968				(42,142,596	)			49,179				61,593				—				—
						$	154,829,790			$	160,634,895			$	(173,069,567	)		$	2,387,597			$	(126,855	)		$	144,655,860			$	—

 

 

 

 

 

FT Cboe Vest Buffered Allocation Growth ETF (BUFG)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets (a) — 100.0%
906,734		FT Cboe Vest U.S. Equity Buffer ETF - April (b)		$	27,319,895
727,929		FT Cboe Vest U.S. Equity Buffer ETF - May (b)			26,656,760
868,361		FT Cboe Vest U.S. Equity Buffer ETF - August (b)			31,298,249
769,377		FT Cboe Vest U.S. Equity Buffer ETF - November (b)			28,390,011
1,325,689		FT Cboe Vest U.S. Equity Buffer ETF - December (b)			43,889,188
		Total Exchange-Traded Funds — 100.0%			157,554,103
		(Cost $152,940,169)
		Money Market Funds — 0.0%
47,217		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (c)			47,217
		(Cost $47,217)
		Total Investments — 100.0%			157,601,320
		(Cost $152,987,386)
		Net Other Assets and Liabilities — (0.0)%			(26,179	)
		Net Assets — 100.0%		$	157,575,141

 

(a)	Represents investments in affiliated funds.
(b)	Non-income producing security.
(c)	Rate shown reflects yield as of November 30, 2022.

  

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	157,554,103			$	157,554,103			$	—			$	—
Money Market Funds			47,217				47,217				—				—
Total Investments		$	157,601,320			$	157,601,320			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

FT Cboe Vest Buffered Allocation Growth ETF (BUFG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

  

Affiliated Transactions
Amounts related to investments in affiliated funds at November 30, 2022, and for the fiscal year-to-date period (September 1, 2022 to November 30, 2022) are as follows:

 

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 11/30/2022				Dividend Income
FT Cboe Vest U.S. Equity Buffer ETF - January			—			$	30,494,147			$	37,261,692			$	(67,974,586	)		$	868,884			$	(650,137	)		$	—			$	—
FT Cboe Vest U.S. Equity Buffer ETF - February			—				31,696,575				—				(31,049,068	)			1,004,477				(1,651,984	)			—				—
FT Cboe Vest U.S. Equity Buffer ETF - March			—				32,415,210				35,912,212				(68,423,558	)			22,462				73,674				—				—
FT Cboe Vest U.S. Equity Buffer ETF - April			906,734				34,030,426				11,921,685				(19,180,861	)			777,105				(228,460	)			27,319,895				—
FT Cboe Vest U.S. Equity Buffer ETF - May			727,929				—				27,123,801				(648,657	)			181,982				(366	)			26,656,760				—
FT Cboe Vest U.S. Equity Buffer ETF - August			868,361				34,782,628				32,173,552				(35,025,306	)			(138,158	)			(494,467	)			31,298,249				—
FT Cboe Vest U.S. Equity Buffer ETF - October			—				—				35,534,534				(35,526,482	)			—				(8,052	)			—				—
FT Cboe Vest U.S. Equity Buffer ETF - November			769,377				—				71,033,406				(44,953,732	)			1,466,484				843,853				28,390,011				—
FT Cboe Vest U.S. Equity Buffer ETF - December			1,325,689				—				51,531,426				(9,845,363	)			2,099,554				103,571				43,889,188				—
						$	163,418,986			$	302,492,308			$	(312,627,613	)		$	6,282,790			$	(2,012,368	)		$	157,554,103			$	—

 

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

FT Cboe Vest International Equity Buffer ETF - March (YMAR)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.8%
130,395			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	130,395
			(Cost $130,395)
			Total Investments — 0.8%			130,395
			(Cost $130,395)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.7%
CALL OPTIONS PURCHASED — 93.0%
2,290			iShares MSCI EAFE ETF		$	15,370,480			$	0.74			03/17/23			15,055,681
			(Cost $16,596,405)
PUT OPTIONS PURCHASED — 9.7%
2,290			iShares MSCI EAFE ETF			15,370,480				73.77			03/17/23			1,578,036
			(Cost $1,575,998)
			Total Purchased Options													16,633,717
			(Cost $18,172,403)
WRITTEN OPTIONS — (3.4)%
CALL OPTIONS WRITTEN — (0.0)%
(2,290	)		iShares MSCI EAFE ETF			(15,370,480	)			89.04			03/17/23			(2,718	)
			(Premiums received $59,193)
PUT OPTIONS WRITTEN — (3.4)%
(2,290	)		iShares MSCI EAFE ETF			(15,370,480	)			66.39			03/17/23			(554,202	)
			(Premiums received $665,042)
			Total Written Options													(556,920	)
			(Premiums received $724,235)
			Net Other Assets and Liabilities — (0.1)%													(14,725	)
			Net Assets — 100.0%												$	16,192,467

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest International Equity Buffer ETF - March (YMAR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	130,395			$	130,395			$	—			$	—
Call Options Purchased			15,055,681				—				15,055,681				—
Put Options Purchased			1,578,036				—				1,578,036				—
Total		$	16,764,112			$	130,395			$	16,633,717			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(2,718	)		$	—			$	(2,718	)		$	—
Put Options Written			(554,202	)			—				(554,202	)			—
Total		$	(556,920	)		$	—			$	(556,920	)		$	—

 

 

 

 

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - March (QMAR)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
331,937			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	331,937
			(Cost $331,937)
			Total Investments — 0.7%			331,937
			(Cost $331,937)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 108.0%
CALL OPTIONS PURCHASED — 90.6%
1,429			Invesco QQQ TrustSM, Series 1		$	41,921,144			$	3.52			03/17/23			41,318,420
			(Cost $48,159,213)
PUT OPTIONS PURCHASED — 17.4%
1,429			Invesco QQQ TrustSM, Series 1			41,921,144				351.50			03/17/23			7,916,416
			(Cost $5,954,793)
			Total Purchased Options													49,234,836
			(Cost $54,114,006)
WRITTEN OPTIONS — (8.6)%
CALL OPTIONS WRITTEN — (0.0)%
(1,429	)		Invesco QQQ TrustSM, Series 1			(41,921,144	)			412.13			03/17/23			(4,838	)
			(Premiums received $984,661)
PUT OPTIONS WRITTEN — (8.6)%
(1,429	)		Invesco QQQ TrustSM, Series 1			(41,921,144	)			316.35			03/17/23			(3,930,193	)
			(Premiums received $3,139,415)
			Total Written Options													(3,935,031	)
			(Premiums received $4,124,076)
			Net Other Assets and Liabilities — (0.1)%													(30,758	)
			Net Assets — 100.0%												$	45,600,984

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - March (QMAR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	331,937			$	331,937			$	—			$	—
Call Options Purchased			41,318,420				—				41,318,420				—
Put Options Purchased			7,916,416				—				7,916,416				—
Total		$	49,566,773			$	331,937			$	49,234,836			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(4,838	)		$	—			$	(4,838	)		$	—
Put Options Written			(3,930,193	)			—				(3,930,193	)			—
Total		$	(3,935,031	)		$	—			$	(3,935,031	)		$	—

 

 

 

 

 

 

FT Cboe Vest International Equity Buffer ETF - June (YJUN)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.9%
551,002			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	551,002
			(Cost $551,002)
			Total Investments — 0.9%			551,002
			(Cost $551,002)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 102.1%
CALL OPTIONS PURCHASED — 98.7%
9,229			iShares MSCI EAFE ETF		$	61,945,048			$	0.61			06/16/23			59,814,132
			(Cost $55,174,728)
PUT OPTIONS PURCHASED — 3.4%
9,229			iShares MSCI EAFE ETF			61,945,048				61.48			06/16/23			2,041,016
			(Cost $4,104,633)
			Total Purchased Options													61,855,148
			(Cost $59,279,361)
WRITTEN OPTIONS — (2.9)%
CALL OPTIONS WRITTEN — (1.2)%
(9,229	)		iShares MSCI EAFE ETF			(61,945,048	)			76.36			06/16/23			(726,867	)
			(Premiums received $477,572)
PUT OPTIONS WRITTEN — (1.7)%
(9,229	)		iShares MSCI EAFE ETF			(61,945,048	)			55.53			06/16/23			(1,069,126	)
			(Premiums received $2,316,781)
			Total Written Options													(1,795,993	)
			(Premiums received $2,794,353)
			Net Other Assets and Liabilities — (0.1)%													(36,544	)
			Net Assets — 100.0%												$	60,573,613

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest International Equity Buffer ETF - June (YJUN)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	551,002			$	551,002			$	—			$	—
Call Options Purchased			59,814,132				—				59,814,132				—
Put Options Purchased			2,041,016				—				2,041,016				—
Total		$	62,406,150			$	551,002			$	61,855,148			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(726,867	)		$	—			$	(726,867	)		$	—
Put Options Written			(1,069,126	)			—				(1,069,126	)			—
Total		$	(1,795,993	)		$	—			$	(1,795,993	)		$	—

 

 

 

 

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - June (QJUN)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.8%
837,991			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	837,991
			(Cost $837,991)
			Total Investments — 0.8%			837,991
			(Cost $837,991)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 104.1%
CALL OPTIONS PURCHASED — 99.3%
3,554			Invesco QQQ TrustSM, Series 1		$	104,260,144			$	2.76			06/16/23			102,839,006
			(Cost $99,979,912)
PUT OPTIONS PURCHASED — 4.8%
3,554			Invesco QQQ TrustSM, Series 1			104,260,144				274.70			06/16/23			4,973,979
			(Cost $8,713,800)
			Total Purchased Options													107,812,985
			(Cost $108,693,712)
WRITTEN OPTIONS — (4.9)%
CALL OPTIONS WRITTEN — (2.2)%
(3,554	)		Invesco QQQ TrustSM, Series 1			(104,260,144	)			343.92			06/16/23			(2,304,537	)
			(Premiums received $4,246,877)
PUT OPTIONS WRITTEN — (2.7)%
(3,554	)		Invesco QQQ TrustSM, Series 1			(104,260,144	)			247.23			06/16/23			(2,748,260	)
			(Premiums received $5,510,892)
			Total Written Options													(5,052,797	)
			(Premiums received $9,757,769)
			Net Other Assets and Liabilities — (0.0)%													(70,224	)
			Net Assets — 100.0%												$	103,527,955

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - June (QJUN)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	837,991			$	837,991			$	—			$	—
Call Options Purchased			102,839,006				—				102,839,006				—
Put Options Purchased			4,973,979				—				4,973,979				—
Total		$	108,650,976			$	837,991			$	107,812,985			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(2,304,537	)		$	—			$	(2,304,537	)		$	—
Put Options Written			(2,748,260	)			—				(2,748,260	)			—
Total		$	(5,052,797	)		$	—			$	(5,052,797	)		$	—

 

 

 

 

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.7%
1,131,984			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	1,131,984
			(Cost $1,131,984)
			Total Investments — 0.7%			1,131,984
			(Cost $1,131,984)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 119.9%
CALL OPTIONS PURCHASED — 117.0%
4,099			SPDR® S&P 500® ETF Trust		$	167,108,032			$	3.67			06/16/23			163,585,671
4,099			SPDR® S&P 500® ETF Trust			167,108,032				365.87			06/16/23			23,567,915
			Total Call Options Purchased													187,153,586
			(Cost $173,743,709)
PUT OPTIONS PURCHASED — 2.9%
4,099			SPDR® S&P 500® ETF Trust			167,108,032				365.87			06/16/23			4,639,756
			(Cost $10,254,091)
			Total Purchased Options													191,793,342
			(Cost $183,997,800)
WRITTEN OPTIONS — (20.5)%
CALL OPTIONS WRITTEN — (19.5)%
(8,198	)		SPDR® S&P 500® ETF Trust			(334,216,064	)			392.93			06/16/23			(31,189,767	)
			(Premiums received $27,099,284)
PUT OPTIONS WRITTEN — (1.0)%
(4,099	)		SPDR® S&P 500® ETF Trust			(167,108,032	)			310.98			06/16/23			(1,667,331	)
			(Premiums received $4,802,777)
			Total Written Options													(32,857,098	)
			(Premiums received $31,902,061)
			Net Other Assets and Liabilities — (0.1)%													(102,952	)
			Net Assets — 100.0%												$	159,965,276

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	1,131,984			$	1,131,984			$	—			$	—
Call Options Purchased			187,153,586				—				187,153,586				—
Put Options Purchased			4,639,756				—				4,639,756				—
Total		$	192,925,326			$	1,131,984			$	191,793,342			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(31,189,767	)		$	—			$	(31,189,767	)		$	—
Put Options Written			(1,667,331	)			—				(1,667,331	)			—
Total		$	(32,857,098	)		$	—			$	(32,857,098	)		$	—

 

 

 

 

 

 

FT Cboe Vest International Equity Buffer ETF - September (YSEP)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.1%
286,647			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	286,647
69			Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (a)			69
			Total Money Market Funds — 1.1%			286,716
			(Cost $286,716)
			Total Investments — 1.1%			286,716
			(Cost $286,716)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 104.4%
CALL OPTIONS PURCHASED — 100.5%
3,900			iShares MSCI EAFE ETF		$	26,176,800			$	0.60			09/15/23			25,301,430
			(Cost $22,022,840)
PUT OPTIONS PURCHASED — 3.9%
3,900			iShares MSCI EAFE ETF			26,176,800				60.40			09/15/23			988,815
			(Cost $2,137,806)
			Total Purchased Options													26,290,245
			(Cost $24,160,646)
WRITTEN OPTIONS — (5.4)%
CALL OPTIONS WRITTEN — (3.2)%
(3,900	)		iShares MSCI EAFE ETF			(26,176,800	)			75.50			09/15/23			(798,226	)
			(Premiums received $161,416)
PUT OPTIONS WRITTEN — (2.2)%
(3,900	)		iShares MSCI EAFE ETF			(26,176,800	)			54.36			09/15/23			(570,763	)
			(Premiums received $1,289,341)
			Total Written Options													(1,368,989	)
			(Premiums received $1,450,757)
			Net Other Assets and Liabilities — (0.1)%													(15,950	)
			Net Assets — 100.0%												$	25,192,022

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest International Equity Buffer ETF - September (YSEP)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	286,716			$	286,716			$	—			$	—
Call Options Purchased			25,301,430				—				25,301,430				—
Put Options Purchased			988,815				—				988,815				—
Total		$	26,576,961			$	286,716			$	26,290,245			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(798,226	)		$	—			$	(798,226	)		$	—
Put Options Written			(570,763	)			—				(570,763	)			—
Total		$	(1,368,989	)		$	—			$	(1,368,989	)		$	—

 

 

 

 

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - September (QSPT)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 1.0%
686,109			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	686,109
			(Cost $686,109)
			Total Investments — 1.0%			686,109
			(Cost $686,109)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 105.6%
CALL OPTIONS PURCHASED — 98.0%
2,236			Invesco QQQ TrustSM, Series 1		$	65,595,296			$	2.89			09/15/23			64,563,697
			(Cost $62,636,718)
PUT OPTIONS PURCHASED — 7.6%
2,236			Invesco QQQ TrustSM, Series 1			65,595,296				289.32			09/15/23			5,006,256
			(Cost $6,363,735)
			Total Purchased Options													69,569,953
			(Cost $69,000,453)
WRITTEN OPTIONS — (6.6)%
CALL OPTIONS WRITTEN — (2.0)%
(2,236	)		Invesco QQQ TrustSM, Series 1			(65,595,296	)			368.22			09/15/23			(1,346,734	)
			(Premiums received $1,521,243)
PUT OPTIONS WRITTEN — (4.6)%
(2,236	)		Invesco QQQ TrustSM, Series 1			(65,595,296	)			260.39			09/15/23			(3,019,907	)
			(Premiums received $3,986,932)
			Total Written Options													(4,366,641	)
			(Premiums received $5,508,175)
			Net Other Assets and Liabilities — (0.0)%													(34,614	)
			Net Assets — 100.0%												$	65,854,807

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - September (QSPT)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	686,109			$	686,109			$	—			$	—
Call Options Purchased			64,563,697				—				64,563,697				—
Put Options Purchased			5,006,256				—				5,006,256				—
Total		$	70,256,062			$	686,109			$	69,569,953			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(1,346,734	)		$	—			$	(1,346,734	)		$	—
Put Options Written			(3,019,907	)			—				(3,019,907	)			—
Total		$	(4,366,641	)		$	—			$	(4,366,641	)		$	—

 

 

 

 

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 120.5%
CALL OPTIONS PURCHASED — 115.9%
4,580			SPDR® S&P 500® ETF Trust		$	186,717,440			$	3.77			09/15/23		$	182,087,060
4,580			SPDR® S&P 500® ETF Trust			186,717,440				377.39			09/15/23			25,927,380
			Total Call Options Purchased													208,014,440
			(Cost $186,241,312)
PUT OPTIONS PURCHASED — 4.6%
4,580			SPDR® S&P 500® ETF Trust			186,717,440				377.39			09/15/23			8,280,640
			(Cost $14,368,856)
			Total Purchased Options													216,295,080
			(Cost $200,610,168)
WRITTEN OPTIONS — (21.4)%
CALL OPTIONS WRITTEN — (19.4)%
(9,160	)		SPDR® S&P 500® ETF Trust			(373,434,880	)			405.51			09/15/23			(34,927,080	)
			(Premiums received $23,548,469)
PUT OPTIONS WRITTEN — (2.0)%
(4,580	)		SPDR® S&P 500® ETF Trust			(186,717,440	)			320.78			09/15/23			(3,531,180	)
			(Premiums received $6,680,071)
			Total Written Options													(38,458,260	)
			(Premiums received $30,228,540)
			Net Other Assets and Liabilities — 0.9%													1,654,028
			Net Assets — 100.0%												$	179,490,848

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Purchased		$	208,014,440			$	—			$	208,014,440			$	—
Put Options Purchased			8,280,640				—				8,280,640				—
Total		$	216,295,080			$	—			$	216,295,080			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(34,927,080	)		$	—			$	(34,927,080	)		$	—
Put Options Written			(3,531,180	)			—				(3,531,180	)			—
Total		$	(38,458,260	)		$	—			$	(38,458,260	)		$	—

 

 

 

 

 

 

FT Cboe Vest International Equity Buffer ETF - December (YDEC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
77,429			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	77,429
			(Cost $77,429)
			Total Investments — 0.5%			77,429
			(Cost $77,429)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 103.1%
CALL OPTIONS PURCHASED — 89.4%
1,917			iShares MSCI EAFE ETF		$	12,866,904			$	0.77			12/16/22			12,593,820
			(Cost $13,804,137)
PUT OPTIONS PURCHASED — 13.7%
1,917			iShares MSCI EAFE ETF			12,866,904				76.65			12/16/22			1,920,586
			(Cost $1,620,715)
			Total Purchased Options													14,514,406
			(Cost $15,424,852)
WRITTEN OPTIONS — (3.5)%
CALL OPTIONS WRITTEN — (0.0)%
(1,917	)		iShares MSCI EAFE ETF			(12,866,904	)			84.89			12/16/22			(0	)
			(Premiums received $150,231)
PUT OPTIONS WRITTEN — (3.5)%
(1,917	)		iShares MSCI EAFE ETF			(12,866,904	)			68.99			12/16/22			(495,514	)
			(Premiums received $701,321)
			Total Written Options													(495,514	)
			(Premiums received $851,552)
			Net Other Assets and Liabilities — (0.1)%													(8,742	)
			Net Assets — 100.0%												$	14,087,579

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest International Equity Buffer ETF - December (YDEC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	77,429			$	77,429			$	—			$	—
Call Options Purchased			12,593,820				—				12,593,820				—
Put Options Purchased			1,920,586				—				1,920,586				—
Total		$	14,591,835			$	77,429			$	14,514,406			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	—	*		$	—			$	—	*		$	—
Put Options Written			(495,514	)			—				(495,514	)			—
Total		$	(495,514	)		$	—			$	(495,514	)		$	—

 

* Investment is valued at $(0).

 

 

 

 

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - December (QDEC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.5%
363,634			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	363,634
			(Cost $363,634)
			Total Investments — 0.5%			363,634
			(Cost $363,634)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 115.5%
CALL OPTIONS PURCHASED — 87.9%
2,066			Invesco QQQ TrustSM, Series 1		$	60,608,176			$	3.85			12/16/22			59,785,268
			(Cost $78,513,986)
PUT OPTIONS PURCHASED — 27.6%
2,066			Invesco QQQ TrustSM, Series 1			60,608,176				384.91			12/16/22			18,769,488
			(Cost $7,905,205)
			Total Purchased Options													78,554,756
			(Cost $86,419,191)
WRITTEN OPTIONS — (15.9)%
CALL OPTIONS WRITTEN — (0.0)%
(2,066	)		Invesco QQQ TrustSM, Series 1			(60,608,176	)			446.07			12/16/22			(0	)
			(Premiums received $2,608,879)
PUT OPTIONS WRITTEN — (15.9)%
(2,066	)		Invesco QQQ TrustSM, Series 1			(60,608,176	)			346.42			12/16/22			(10,835,270	)
			(Premiums received $4,895,942)
			Total Written Options													(10,835,270	)
			(Premiums received $7,504,821)
			Net Other Assets and Liabilities — (0.1)%													(47,698	)
			Net Assets — 100.0%												$	68,035,422

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Nasdaq-100® Buffer ETF - December (QDEC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	363,634			$	363,634			$	—			$	—
Call Options Purchased			59,785,268				—				59,785,268				—
Put Options Purchased			18,769,488				—				18,769,488				—
Total		$	78,918,390			$	363,634			$	78,554,756			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	—	*		$	—			$	—	*		$	—
Put Options Written			(10,835,270	)			—				(10,835,270	)			—
Total		$	(10,835,270	)		$	—			$	(10,835,270	)		$	—

  

* Investment is valued at $(0).

 

 

 

 

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares			Description		Value
MONEY MARKET FUNDS — 0.4%
446,569			Dreyfus Government Cash Management Fund, Institutional Shares - 3.61% (a)		$	446,569
			(Cost $446,569)
			Total Investments — 0.4%			446,569
			(Cost $446,569)

 

Number of Contracts			Description		Notional Amount				Exercise Price				Expiration Date		Value
PURCHASED OPTIONS — 100.3%
CALL OPTIONS PURCHASED — 88.3%
2,425			SPDR® S&P 500® ETF Trust		$	98,862,400			$	4.61			12/16/22			96,976,366
2,425			SPDR® S&P 500® ETF Trust			98,862,400				459.88			12/16/22			4,240
			Total Call Options Purchased													96,980,606
			(Cost $103,824,950)
PUT OPTIONS PURCHASED — 12.0%
2,425			SPDR® S&P 500® ETF Trust			98,862,400				459.88			12/16/22			13,189,308
			(Cost $12,480,102)
			Total Purchased Options													110,169,914
			(Cost $116,305,052)
WRITTEN OPTIONS — (0.6)%
CALL OPTIONS WRITTEN — (0.0)%
(4,850	)		SPDR® S&P 500® ETF Trust			(197,724,800	)			479.60			12/16/22			(3,308	)
			(Premiums received $4,052,404)
PUT OPTIONS WRITTEN — (0.6)%
(2,425	)		SPDR® S&P 500® ETF Trust			(98,862,400	)			390.89			12/16/22			(675,846	)
			(Premiums received $3,495,591)
			Total Written Options													(679,154	)
			(Premiums received $7,547,995)
			Net Other Assets and Liabilities — (0.1)%													(53,875	)
			Net Assets — 100.0%												$	109,883,454

 

(a)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

ASSETS TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Money Market Funds		$	446,569			$	446,569			$	—			$	—
Call Options Purchased			96,980,606				—				96,980,606				—
Put Options Purchased			13,189,308				—				13,189,308				—
Total		$	110,616,483			$	446,569			$	110,169,914			$	—
LIABILITIES TABLE
			Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Call Options Written		$	(3,308	)		$	—			$	(3,308	)		$	—
Put Options Written			(675,846	)			—				(675,846	)			—
Total		$	(679,154	)		$	—			$	(679,154	)		$	—

 

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

FT Cboe Vest Fund of Buffer ETFs (BUFR)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets (a) — 100.0%
1,891,535		FT Cboe Vest U.S. Equity Buffer ETF - January (b)		$	62,969,200
1,735,367		FT Cboe Vest U.S. Equity Buffer ETF - February (b)			63,063,237
1,962,762		FT Cboe Vest U.S. Equity Buffer ETF - March (b)			63,062,169
2,094,750		FT Cboe Vest U.S. Equity Buffer ETF - April (b)			63,114,818
1,723,901		FT Cboe Vest U.S. Equity Buffer ETF - May (b)			63,129,255
1,691,763		FT Cboe Vest U.S. Equity Buffer ETF - June (b)			63,238,101
1,774,970		FT Cboe Vest U.S. Equity Buffer ETF - July (b)			63,139,233
1,754,086		FT Cboe Vest U.S. Equity Buffer ETF - August (b)			63,222,346
1,821,441		FT Cboe Vest U.S. Equity Buffer ETF - September (b)			63,131,145
1,845,173		FT Cboe Vest U.S. Equity Buffer ETF - October (b)			63,215,627
1,717,748		FT Cboe Vest U.S. Equity Buffer ETF - November (b)			63,384,901
1,915,328		FT Cboe Vest U.S. Equity Buffer ETF - December (b)			63,410,189
		Total Exchange-Traded Funds — 100.0%			758,080,221
		(Cost $766,229,650)
		Money Market Funds — 0.0%
147,681		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (c)			147,681
		(Cost $147,681)
		Total Investments — 100.0%			758,227,902
		(Cost $766,377,331)
		Net Other Assets and Liabilities — (0.0)%			(120,165	)
		Net Assets — 100.0%		$	758,107,737

 

(a)	Represents investments in affiliated funds.
(b)	Non-income producing security.
(c)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Fund of Buffer ETFs (BUFR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	758,080,221			$	758,080,221			$	—			$	—
Money Market Funds			147,681				147,681				—				—
Total Investments		$	758,227,902			$	758,227,902			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

FT Cboe Vest Fund of Buffer ETFs (BUFR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Affiliated Transactions
Amounts related to investments in affiliated funds at November 30, 2022, and for the fiscal year-to-date period (September 1, 2022 to November 30, 2022) are as follows:

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 11/30/2022				Dividend Income
FT Cboe Vest U.S. Equity Buffer ETF - January			1,891,535			$	60,682,608			$	4,615,984			$	(4,093,795	)		$	1,788,531			$	(24,128	)		$	62,969,200			$	—
FT Cboe Vest U.S. Equity Buffer ETF - February			1,735,367				60,429,555				5,025,154				(4,035,677	)			1,662,449				(18,244	)			63,063,237				—
FT Cboe Vest U.S. Equity Buffer ETF - March			1,962,762				60,488,044				4,858,244				(4,033,258	)			1,769,567				(20,428	)			63,062,169				—
FT Cboe Vest U.S. Equity Buffer ETF - April			2,094,750				60,316,852				5,160,047				(4,014,075	)			1,700,168				(48,174	)			63,114,818				—
FT Cboe Vest U.S. Equity Buffer ETF - May			1,723,901				60,582,440				4,883,297				(4,016,633	)			1,689,903				(9,752	)			63,129,255				—
FT Cboe Vest U.S. Equity Buffer ETF - June			1,691,763				60,628,669				4,796,157				(4,032,743	)			1,834,095				11,923				63,238,101				—
FT Cboe Vest U.S. Equity Buffer ETF - July			1,774,970				60,622,142				4,931,287				(4,014,412	)			1,626,399				(26,183	)			63,139,233				—
FT Cboe Vest U.S. Equity Buffer ETF - August			1,754,086				60,335,052				5,351,949				(3,992,027	)			1,578,147				(50,775	)			63,222,346				—
FT Cboe Vest U.S. Equity Buffer ETF - September			1,821,441				61,411,730				4,674,190				(5,184,215	)			2,310,893				(81,453	)			63,131,145				—
FT Cboe Vest U.S. Equity Buffer ETF - October			1,845,173				61,195,449				4,657,694				(5,137,700	)			2,588,780				(88,596	)			63,215,627				—
FT Cboe Vest U.S. Equity Buffer ETF - November			1,717,748				60,870,709				4,594,780				(4,385,383	)			2,374,066				(69,271	)			63,384,901				—
FT Cboe Vest U.S. Equity Buffer ETF - December			1,915,328				60,870,020				4,613,563				(4,675,580	)			2,687,287				(85,101	)			63,410,189				—
						$	728,433,270			$	58,162,346			$	(51,615,498	)		$	23,610,285			$	(510,182	)		$	758,080,221			$	—

 

 

 

 

 

 

FT Cboe Vest Fund of Deep Buffer ETFs (BUFD)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets (a) — 100.0%
1,491,917		FT Cboe Vest U.S. Equity Deep Buffer ETF - January (b)		$	45,980,882
1,349,821		FT Cboe Vest U.S. Equity Deep Buffer ETF - February (b)			46,028,896
1,501,100		FT Cboe Vest U.S. Equity Deep Buffer ETF - March (b)			45,978,693
1,527,867		FT Cboe Vest U.S. Equity Deep Buffer ETF - April (b)			46,080,469
1,435,248		FT Cboe Vest U.S. Equity Deep Buffer ETF - May (b)			46,179,391
1,398,023		FT Cboe Vest U.S. Equity Deep Buffer ETF - June (b)			46,152,794
1,455,743		FT Cboe Vest U.S. Equity Deep Buffer ETF - July (b)			46,045,151
1,441,286		FT Cboe Vest U.S. Equity Deep Buffer ETF - August (b)			46,236,455
1,471,659		FT Cboe Vest U.S. Equity Deep Buffer ETF - September (b)			46,151,226
1,440,638		FT Cboe Vest U.S. Equity Deep Buffer ETF - October (b)			46,100,416
1,375,768		FT Cboe Vest U.S. Equity Deep Buffer ETF - November (b)			46,184,532
1,501,624		FT Cboe Vest U.S. Equity Deep Buffer ETF - December (b)			45,814,548
		Total Exchange-Traded Funds — 100.0%			552,933,453
		(Cost $567,993,299)
		Money Market Funds — 0.0%
89,934		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (c)			89,934
		(Cost $89,934)
		Total Investments — 100.0%			553,023,387
		(Cost $568,083,233)
		Net Other Assets and Liabilities — (0.0)%			(88,435	)
		Net Assets — 100.0%		$	552,934,952

 

(a)	Represents investments in affiliated funds.
(b)	Non-income producing security.
(c)	Rate shown reflects yield as of November 30, 2022.

 

 

FT Cboe Vest Fund of Deep Buffer ETFs (BUFD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	552,933,453			$	552,933,453			$	—			$	—
Money Market Funds			89,934				89,934				—				—
Total Investments		$	553,023,387			$	553,023,387			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

FT Cboe Vest Fund of Deep Buffer ETFs (BUFD)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Affiliated Transactions
Amounts related to investments in affiliated funds at November 30, 2022, and for the fiscal year-to-date period (September 1, 2022 to November 30, 2022) are as follows:

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 11/30/2022				Dividend Income
FT Cboe Vest U.S. Equity Deep Buffer ETF - January			1,491,917			$	44,934,921			$	4,825,246			$	(3,793,565	)		$	15,972			$	(1,692	)		$	45,980,882			$	—
FT Cboe Vest U.S. Equity Deep Buffer ETF - February			1,349,821				44,918,776				4,659,018				(3,787,728	)			240,363				(1,533	)			46,028,896				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - March			1,501,100				44,895,378				4,569,210				(3,791,937	)			304,222				1,820				45,978,693				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - April			1,527,867				44,818,949				4,559,287				(3,774,196	)			475,103				1,326				46,080,469				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - May			1,435,248				45,068,957				4,059,835				(3,779,281	)			838,556				(8,676	)			46,179,391				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - June			1,398,023				45,182,625				4,074,019				(3,938,855	)			848,645				(13,640	)			46,152,794				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - July			1,455,743				45,013,332				4,051,574				(3,815,594	)			812,203				(16,364	)			46,045,151				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - August			1,441,286				44,842,801				4,352,310				(3,754,175	)			836,714				(41,195	)			46,236,455				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - September			1,471,659				45,397,249				4,116,622				(4,668,789	)			1,374,201				(68,057	)			46,151,226				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - October			1,440,638				45,259,383				4,151,717				(5,365,696	)			2,083,549				(28,537	)			46,100,416				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - November			1,375,768				45,526,388				4,157,967				(4,505,700	)			1,011,545				(5,668	)			46,184,532				—
FT Cboe Vest U.S. Equity Deep Buffer ETF - December			1,501,624				45,215,808				4,321,818				(3,862,766	)			122,945				16,743				45,814,548				—
						$	541,074,567			$	51,898,623			$	(48,838,282	)		$	8,964,018			$	(165,473	)		$	552,933,453			$	—

 

 

 

 

 

 

FT Cboe Vest Fund of Nasdaq-100® Buffer ETFs (BUFQ)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets (a) — 100.0%
197,344		FT Cboe Vest Nasdaq-100® Buffer ETF - March (b)		$	3,997,400
211,856		FT Cboe Vest Nasdaq-100® Buffer ETF - June (b)			3,978,656
226,548		FT Cboe Vest Nasdaq-100® Buffer ETF - September (b)			4,024,875
201,716		FT Cboe Vest Nasdaq-100® Buffer ETF - December (b)			3,966,261
		Total Exchange-Traded Funds — 100.0%			15,967,192
		(Cost $16,052,167)
		Money Market Funds — 0.0%
2,700		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (c)			2,700
		(Cost $2,700)
		Total Investments — 100.0%			15,969,892
		(Cost $16,054,867)
		Net Other Assets and Liabilities — (0.0)%			(2,402	)
		Net Assets — 100.0%		$	15,967,490

 

(a)	Represents investments in affiliated funds.
(b)	Non-income producing security.
(c)	Rate shown reflects yield as of November 30, 2022.

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	15,967,192			$	15,967,192			$	—			$	—
Money Market Funds			2,700				2,700				—				—
Total Investments		$	15,969,892			$	15,969,892			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

FT Cboe Vest Fund of Nasdaq-100® Buffer ETFs (BUFQ)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Affiliated Transactions
Amounts relating to investments in affiliated funds at November 30, 2022 and for the fiscal-to-date period (September 1, 2022 to November 30, 2022) are as follows:

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 11/30/2022				Dividend Income
FT Cboe Vest Nasdaq-100® Buffer ETF - March			197,344			$	2,664,074			$	1,269,397			$	(314	)		$	64,267			$	(24	)		$	3,997,400			$	—
FT Cboe Vest Nasdaq-100® Buffer ETF - June			211,856				2,648,451				1,275,880				—				54,325				—				3,978,656				—
FT Cboe Vest Nasdaq-100® Buffer ETF - September			226,548				2,709,359				1,304,190				—				11,326				—				4,024,875				—
FT Cboe Vest Nasdaq-100® Buffer ETF - December			201,716				2,702,076				1,259,396				(22,768	)			29,440				(1,883	)			3,966,261				—
						$	10,723,960			$	5,108,863			$	(23,082	)		$	159,358			$	(1,907	)		$	15,967,192			$	—

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

 

 

First Trust Income Opportunities ETF (FCEF)

Portfolio of Investments

November 30, 2022 (Unaudited)

  

Shares		Description		Value
		Closed-End Funds — 90.9%
		Capital Markets — 90.9%
14,844		abrdn Global Infrastructure Income Fund		$	271,645
19,908		Adams Natural Resources Fund, Inc.			451,513
14,306		Angel Oak Financial Strategies Income Term Trust			186,121
17,939		Apollo Tactical Income Fund, Inc.			222,444
66,874		Ares Dynamic Credit Allocation Fund, Inc.			820,544
10,231		Barings Global Short Duration High Yield Fund			139,346
12,213		BlackRock Health Sciences Trust II			199,072
13,122		BlackRock Multi-Sector Income Trust			195,518
13,571		BlackRock Resources & Commodities Strategy Trust			137,746
18,440		BlackRock Science & Technology Trust			596,350
2,880		BlackRock Utilities Infrastructure & Power Opportunities Trust			63,878
53,090		Blackstone Strategic Credit Fund			585,052
14,529		Central Securities Corp.			519,557
24,156		Cohen & Steers Infrastructure Fund, Inc.			603,900
48,324		Cohen & Steers REIT and Preferred and Income Fund, Inc.			1,118,217
27,217		DoubleLine Income Solutions Fund			323,882
9,434		Eaton Vance Enhanced Equity Income Fund			159,057
37,073		Eaton Vance Short Duration Diversified Income Fund			400,759
38,052		Eaton Vance Tax-Advantaged Dividend Income Fund			943,309
68,757		Eaton Vance Tax-Advantaged Global Dividend Income Fund			1,109,738
37,858		Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund			838,555
39,501		Gabelli Dividend & Income Trust (The)			866,257
15,475		General American Investors Co., Inc.			593,930
37,757		John Hancock Tax-Advantaged Dividend Income Fund			892,575
11,210		Lazard Global Total Return and Income Fund, Inc.			173,531
32,846		Macquarie Global Infrastructure Total Return Fund, Inc.			796,515
37,858		MainStay CBRE Global Infrastructure Megatrends Fund			544,398
124,665		Nuveen Credit Strategies Income Fund			666,958
50,082		Nuveen Floating Rate Income Fund			425,697
74,352		Nuveen Preferred & Income Opportunities Fund			567,306
30,614		Nuveen Real Asset Income and Growth Fund			374,103

 

Shares		Description		Value
		Closed-End Funds (Continued)
		Capital Markets (Continued)
24,686		Nuveen Variable Rate Preferred & Income Fund		$	435,214
57,381		PGIM Global High Yield Fund, Inc.			650,127
25,440		PIMCO Dynamic Income Fund			504,984
42,089		PIMCO Dynamic Income Opportunities Fund			621,655
16,485		PIMCO Energy & Tactical Credit Opportunities Fund			260,298
28,943		Principal Real Estate Income Fund			329,950
8,994		Reaves Utility Income Fund			268,381
14,413		Royce Micro-Cap Trust, Inc.			134,906
34,649		Royce Value Trust, Inc.			516,270
22,015		Source Capital, Inc.			824,010
48,893		Tekla Healthcare Investors			937,768
46,019		Tekla Healthcare Opportunities Fund			962,717
17,060		Tekla Life Sciences Investors			257,265
27,794		Tri-Continental Corp.			780,178
11,831		Virtus Equity & Convertible Income Fund			258,744
45,776		Western Asset High Income Opportunity Fund, Inc.			185,851
31,818		Western Asset Inflation-Linked Opportunities & Income Fund			303,544
		Total Closed-End Funds — 90.9%			24,019,335
		(Cost $27,309,740)
		Exchange-Traded Funds — 2.1%
		Capital Markets — 2.1%
1,973		Financial Select Sector SPDR Fund			71,640
2,428		PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund			121,813
6,827		ProShares Short 20+ Year Treasury (a)			151,354
13,999		ProShares Short S&P500 (a)			211,385
		Total Exchange-Traded Funds — 2.1%			556,192
		(Cost $577,295)
		Money Market Funds — 6.6%
1,737,001		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			1,737,001
		(Cost $1,737,001)
		Total Investments — 99.6%			26,312,528
		(Cost $29,624,036)
		Net Other Assets and Liabilities — 0.4%			113,328
		Net Assets — 100.0%		$	26,425,856

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

 

First Trust Income Opportunities ETF (FCEF)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Closed-End Funds*		$	24,019,335			$	24,019,335			$	—			$	—
Exchange-Traded Funds*			556,192				556,192				—				—
Money Market Funds			1,737,001				1,737,001				—				—
Total Investments		$	26,312,528			$	26,312,528			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Flexible Municipal High Income ETF (MFLX)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MUNICIPAL BONDS — 91.1%
			Alabama — 4.0%
$	250,000		Black Belt Energy Gas Dist (Mandatory put 12/01/26)		4.00%		10/01/52		$	247,584
	250,000		Southeast Energy Auth A Cooperative Dist, Ser B (Mandatory put 12/01/31)		4.00%		12/01/51			240,664
										488,248
			Arizona — 2.1%
	250,000		Industrial Dev Auth of The Cnty of Pima (The), Ser A (a)		6.25%		11/15/35			257,265
			Arkansas — 0.8%
	100,000		AR Dev Fin Auth, AMT (a)		5.45%		09/01/52			99,408
			California — 11.0%
	250,000		CA Muni Fin Auth, Ser A		5.00%		10/01/44			257,263
	300,000		City of Long Beach CA Arpt System Rev, Ser A, AGM		5.00%		06/01/37			333,719
	250,000		Elk Grove Fin Auth		4.00%		09/01/50			214,538
	300,000		San Francisco City & Cnty Pub Util Commn Pwr Rev, Ser B		4.00%		11/01/42			301,138
	245,000		Tobacco Securitization Auth of Southern CA		5.00%		06/01/35			258,025
										1,364,683
			Colorado — 1.6%
	200,000		City & Cnty of Denver CO, AMT		5.00%		10/01/32			198,565
			Florida — 12.8%
	250,000		Black Creek Cmnty Dev Dist		5.13%		06/15/32			248,877
	265,000		Cnty of Miami-Dade FL Aviation Rev, Ser B, AMT		5.00%		10/01/40			270,330
	250,000		North Sumter Cnty Util Dependent Dist, AGM		4.00%		10/01/41			243,134
	365,000		Palm Beach Cnty Hlth Facs Auth, Ser A		5.00%		11/01/41			372,058
	250,000		Ridge At Apopka Cmnty Dev Dist		5.38%		05/01/42			243,154
	250,000		Sawyers Landing Cmnty Dev Dist		4.25%		05/01/53			200,039
										1,577,592
			Georgia — 2.0%
	250,000		Main Street Natural Gas, Inc., Ser A (Mandatory put 12/01/29)		4.00%		09/01/52			242,926
			Guam — 2.1%
	250,000		Territory of Guam, Ser F		5.00%		01/01/28			259,714
			Illinois — 6.5%
	300,000		Chicago Brd of Edu, Ser B		5.00%		12/01/30			301,802
	250,000		IL Fin Auth, Ser A		5.00%		10/01/34			267,169
	250,000		St of IL, Ser B		4.00%		12/01/37			231,520
										800,491
			Iowa — 2.0%
	250,000		IA Fin Auth (Mandatory put 12/01/42)		5.00%		12/01/50			241,717
			Kansas — 4.0%
	250,000		Wyandotte Cnty-Kansas City Unif Govt (a)		5.75%		09/01/39			236,367
	250,000		Wyandotte Cnty-Kansas City Unif Govt Util Sys Rev, Ser A		5.00%		09/01/40			257,365
										493,732
			Kentucky — 2.4%
	300,000		KY Public Energy Auth, Ser A (Mandatory put 06/01/26)		4.00%		12/01/50			297,925
			Missouri — 2.0%
	250,000		Hlth & Eductnl Facs Auth of The St of MO		5.00%		02/01/42			243,666

 

 

First Trust Flexible Municipal High Income ETF (MFLX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Principal Value			Description		Stated Coupon		Stated Maturity		Value
MUNICIPAL BONDS (Continued)
			New York — 2.2%
$	250,000		NY St Dorm Auth		5.00%		05/01/38		$	265,204
			North Carolina — 1.6%
	250,000		NC Med Care Commn		4.00%		03/01/41			197,575
			Ohio — 13.1%
	250,000		Buckeye Tobacco Stlmt Fing Auth, Ser B-2		5.00%		06/01/55			229,407
	300,000		Cnty of Montgomery OH		4.00%		08/01/41			290,292
	100,000		Cnty of Washington OH		6.63%		12/01/42			99,406
	250,000		OH Air Quality Dev Auth, AMT (Mandatory put 10/01/24)		2.10%		07/01/28			240,829
	250,000		OH Air Quality Dev Auth, AMT (Mandatory put 06/01/27)		4.25%		11/01/39			249,010
	250,000		OH Air Quality Dev Auth, AMT (a)		5.00%		07/01/49			231,322
	250,000		OH Higher Eductnl Fac Commn		5.00%		02/01/35			270,007
										1,610,273
			Oregon — 6.4%
	250,000		Clackamas Cnty Hosp Facs Auth, Ser A		5.38%		11/15/55			223,089
	300,000		OR St Facs Auth, Ser A		5.00%		06/01/52			310,891
	250,000		Union Cnty Hosp Facs Auth		5.00%		07/01/41			252,596
										786,576
			Puerto Rico — 3.6%
	250,000		Commonwealth of Puerto Rico, Ser A1		4.00%		07/01/35			213,203
	250,000		Puerto Rico Sales Tax Fing Corp. Sales Tax Rev, Ser A-1		4.55%		07/01/40			232,833
										446,036
			South Carolina — 1.8%
	250,000		SC Jobs-Econ Dev Auth		4.00%		11/15/32			220,314
			Tennessee — 0.8%
	100,000		TN Energy Acquisition Corp. (Mandatory put 11/01/31)		5.00%		05/01/52			103,149
			Texas — 4.0%
	250,000		City of Austin TX Arpt Sys Rev, AMT		5.00%		11/15/41			261,515
	250,000		North Parkway Muni Mgmt Dis No 1 (a)		5.00%		09/15/51			228,622
										490,137
			Vermont — 2.0%
	300,000		VT Econ Dev Auth		4.00%		05/01/37			243,141
			Virginia — 2.3%
	250,000		Fairfax Cnty Econ Dev Auth		5.00%		10/01/39			278,616
			Total Municipal Bonds							11,206,953
			(Cost $11,516,409)

 

Shares			Description							Value
CLOSED-END FUNDS — 4.4%
			Capital Markets — 4.4%
	2,995		BlackRock Municipal Income Fund, Inc.							34,892
	3,183		BlackRock Municipal Income Quality Trust							37,941
	2,770		BlackRock MuniHoldings Fund, Inc.							33,794
	2,925		BlackRock MuniYield Quality Fund II, Inc.							31,064
	3,032		BlackRock MuniYield Quality Fund III, Inc.							33,807
	3,479		Eaton Vance Municipal Bond Fund							35,903

 

 

First Trust Flexible Municipal High Income ETF (MFLX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares			Description							Value
CLOSED-END FUNDS (Continued)
			Capital Markets (Continued)
	3,374		Eaton Vance Municipal Income Trust						$	34,584
	3,398		Invesco Municipal Trust							33,674
	3,428		Invesco Quality Municipal Income Trust							34,177
	3,576		Invesco Trust for Investment Grade Municipals							36,654
	2,587		Nuveen AMT-Free Municipal Credit Income Fund							32,803
	2,921		Nuveen AMT-Free Quality Municipal Income Fund							33,942
	2,745		Nuveen Municipal Credit Income Fund							33,901
	3,548		Nuveen Municipal Value Fund, Inc.							31,080
	2,860		Nuveen Quality Municipal Income Fund							33,920
	2,228		Nuveen Select Tax-Free Income Portfolio							30,323
			Total Closed-End Funds							542,459
			(Cost $675,246)
			Total Investments — 95.5%							11,749,412
			(Cost $12,191,655)
			Net Other Assets and Liabilities — 4.5%							549,464
			Net Assets — 100.0%						$	12,298,876

 

(a)

This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund’s Advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At November 30, 2022, securities noted as such amounted to $1,052,984 or 8.6% of net assets.

 

AGM	-	Assured Guaranty Municipal Corp
AMT	-	Alternative Minimum Tax

 

 

 

First Trust Flexible Municipal High Income ETF (MFLX)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Municipal Bonds*		$	11,206,953			$	—			$	11,206,953			$	—
Closed-End Funds**			542,459				542,459				—				—
Total Investments		$	11,749,412			$	542,459			$	11,206,953			$	—

 

*	See Portfolio of Investments for state breakout.
**	See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Low Duration Strategic Focus ETF (LDSF)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Exchange-Traded Funds — 100.0%
		Capital Markets — 100.0%
328,655		First Trust Enhanced Short Maturity ETF (a)		$	19,515,534
1,642,471		First Trust Low Duration Opportunities ETF (a)			77,721,728
507,791		First Trust Tactical High Yield ETF (a)			20,205,004
1,019,991		First Trust TCW Unconstrained Plus Bond ETF (a)			24,704,182
820,114		iShares 0-5 Year Investment Grade Corporate Bond ETF			39,398,276
179,771		iShares 1-3 Year Treasury Bond ETF, Class 3			14,636,955
		Total Exchange-Traded Funds — 100.0%			196,181,679
		(Cost $209,758,350)
		Money Market Funds — 0.0%
57,694		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			57,694
		(Cost $57,694)
		Total Investments — 100.0%			196,239,373
		(Cost $209,816,044)
		Net Other Assets and Liabilities — 0.0%			20,565
		Net Assets — 100.0%		$	196,259,938

 

(a)

Investment in an affiliated fund.

(b)

Rate shown reflects yield as of November 30, 2022.

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Exchange-Traded Funds*		$	196,181,679			$	196,181,679			$	—			$	—
Money Market Funds			57,694				57,694				—				—
Total Investments		$	196,239,373			$	196,239,373			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

First Trust Low Duration Strategic Focus ETF (LDSF)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Affiliated Transactions
Amounts related to these investments in affiliated funds at November 30, 2022 and for the fiscal year-to-date period (September 1, 2022 to November 30, 2022) are as follows:

 

 

Security Name		Shares at 11/30/2022				Value at 8/31/2022				Purchases				Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value at 05/31/2022				Dividend Income
First Trust Enhanced Short Maturity ETF			328,655			$	26,154,896			$	393,124			$	(7,013,348	)		$	1,993			$	(21,131	)		$	19,515,534			$	52,256
First Trust Low Duration Opportunities ETF			1,642,471				83,828,430				1,482,017				(5,865,008	)			(1,492,699	)			(231,012	)			77,721,728				—
First Trust Tactical High Yield ETF			507,791				32,671,917				430,724				(11,919,641	)			1,321,572				(2,299,568	)			20,205,004				—
First Trust TCW Unconstrained Plus Bond ETF			1,019,991				26,306,800				753,315				(1,837,805	)			(428,711	)			(89,417	)			24,704,182				—
						$	168,962,043			$	3,059,180			$	(26,635,802	)		$	(597,845	)		$	(2,641,128	)		$	142,146,448			$	52,256

 

 

 

 

 

 

First Trust Active Factor Large Cap ETF (AFLG)

Portfolio of Investments

November 30, 2022 (Unaudited)

  

Shares		Description		Value
		Common Stocks — 99.7%
		Aerospace & Defense — 2.4%
163		General Dynamics Corp.		$	41,140
72		HEICO Corp.			11,686
32		Lockheed Martin Corp.			15,526
28		Northrop Grumman Corp.			14,932
131		Raytheon Technologies Corp.			12,932
343		Textron, Inc.			24,484
					120,700
		Air Freight & Logistics — 2.1%
266		C.H. Robinson Worldwide, Inc.			26,659
215		Expeditors International of Washington, Inc.			24,953
56		FedEx Corp.			10,204
223		United Parcel Service, Inc., Class B			42,310
					104,126
		Auto Components — 0.3%
310		BorgWarner, Inc.			13,178
		Banks — 1.3%
103		Comerica, Inc.			7,389
68		M&T Bank Corp.			11,562
573		Regions Financial Corp.			13,299
513		Wells Fargo & Co.			24,598
151		Zions Bancorp N.A.			7,825
					64,673
		Biotechnology — 3.3%
278		AbbVie, Inc.			44,808
68		Amgen, Inc.			19,475
12		Biogen, Inc. (a)			3,662
454		Gilead Sciences, Inc.			39,875
36		Moderna, Inc. (a)			6,333
28		Neurocrine Biosciences, Inc. (a)			3,558
20		Regeneron Pharmaceuticals, Inc. (a)			15,034
99		Vertex Pharmaceuticals, Inc. (a)			31,323
					164,068
		Building Products — 1.5%
417		A.O. Smith Corp.			25,329
80		Carlisle Cos., Inc.			21,049
64		Carrier Global Corp.			2,836
131		Fortune Brands Home & Security, Inc.			8,560
48		Johnson Controls International PLC			3,189
266		Masco Corp.			13,507
					74,470
		Capital Markets — 1.7%
64		Ameriprise Financial, Inc.			21,245
239		Bank of New York Mellon (The) Corp.			10,970
8		FactSet Research Systems, Inc.			3,690
87		LPL Financial Holdings, Inc.			20,594
8		MSCI, Inc.			4,062
195		Nasdaq, Inc.			13,350

 

Shares		Description		Value
		Common Stocks (Continued)
		Capital Markets (Continued)
103		Raymond James Financial, Inc.		$	12,041
					85,952
		Chemicals — 2.6%
294		CF Industries Holdings, Inc.			31,808
432		Corteva, Inc.			29,013
466		Dow, Inc.			23,752
91		FMC Corp.			11,888
147		LyondellBasell Industries N.V., Class A			12,497
191		Mosaic (The) Co.			9,798
115		RPM International, Inc.			11,916
					130,672
		Commercial Services & Supplies — 0.4%
16		Cintas Corp.			7,388
286		Rollins, Inc.			11,566
					18,954
		Communications Equipment — 2.0%
80		Arista Networks, Inc. (a)			11,144
828		Cisco Systems, Inc.			41,168
20		F5, Inc. (a)			3,092
475		Juniper Networks, Inc.			15,789
87		Motorola Solutions, Inc.			23,681
20		Ubiquiti, Inc.			6,001
					100,875
		Consumer Finance — 1.3%
633		Ally Financial, Inc.			17,097
235		Capital One Financial Corp.			24,261
24		Discover Financial Services			2,601
562		Synchrony Financial			21,120
					65,079
		Containers & Packaging — 0.4%
339		International Paper Co.			12,584
235		Westrock Co.			8,911
					21,495
		Distributors — 0.7%
147		Genuine Parts Co.			26,949
139		LKQ Corp.			7,552
					34,501
		Diversified Financial Services — 1.1%
164		Berkshire Hathaway, Inc., Class B (a)			52,250
		Diversified Telecommunication Services — 0.9%
1,695		AT&T, Inc.			32,680
2,248		Lumen Technologies, Inc.			12,296
					44,976

 

 

First Trust Active Factor Large Cap ETF (AFLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Electric Utilities — 2.7%
318		Constellation Energy Corp.		$	30,566
203		Evergy, Inc.			12,020
517		Exelon Corp.			21,389
334		FirstEnergy Corp.			13,774
676		NRG Energy, Inc.			28,696
879		PPL Corp.			25,948
44		Southern (The) Co.			2,976
					135,369
		Electrical Equipment — 0.2%
48		Hubbell, Inc.			12,195
		Electronic Equipment, Instruments & Components — 1.4%
179		Amphenol Corp., Class A			14,397
40		CDW Corp.			7,545
103		Keysight Technologies, Inc. (a)			18,632
207		TE Connectivity Ltd.			26,107
					66,681
		Entertainment — 0.2%
20		Electronic Arts, Inc.			2,615
103		Liberty Media Corp.-Liberty Formula One, Class C (a)			6,277
					8,892
		Equity Real Estate Investment Trusts — 3.4%
32		AvalonBay Communities, Inc.			5,597
171		Boston Properties, Inc.			12,326
207		Equity Residential			13,426
12		Essex Property Trust, Inc.			2,644
48		Extra Space Storage, Inc.			7,713
461		Gaming and Leisure Properties, Inc.			24,253
724		Host Hotels & Resorts, Inc.			13,713
357		Iron Mountain, Inc.			19,396
36		Mid-America Apartment Communities, Inc.			5,936
60		Public Storage			17,878
180		Regency Centers Corp.			11,957
733		Weyerhaeuser Co.			23,976
139		WP Carey, Inc.			10,953
					169,768
		Food & Staples Retailing — 2.3%
258		Albertsons Cos., Inc., Class A			5,405
36		Costco Wholesale Corp.			19,413
783		Kroger (The) Co.			38,516
159		Sysco Corp.			13,755
299		Walgreens Boots Alliance, Inc.			12,409
143		Walmart, Inc.			21,796
					111,294
		Food Products — 1.6%
266		Archer-Daniels-Midland Co.			25,935

 

Shares		Description		Value
		Common Stocks (Continued)
		Food Products (Continued)
342		General Mills, Inc.		$	29,172
331		Tyson Foods, Inc., Class A			21,939
					77,046
		Health Care Equipment & Supplies — 1.1%
414		DENTSPLY SIRONA, Inc.			12,528
366		Hologic, Inc. (a)			27,874
195		Medtronic PLC			15,413
					55,815
		Health Care Providers & Services — 6.6%
60		AmerisourceBergen Corp.			10,242
131		Cardinal Health, Inc.			10,502
68		Centene Corp. (a)			5,920
115		Cigna Corp.			37,822
422		CVS Health Corp.			42,993
83		Elevance Health, Inc.			44,232
283		Henry Schein, Inc. (a)			22,900
40		Humana, Inc.			21,996
99		Laboratory Corp. of America Holdings			23,829
64		McKesson Corp.			24,428
163		Quest Diagnostics, Inc.			24,748
80		UnitedHealth Group, Inc.			43,821
95		Universal Health Services, Inc., Class B			12,431
					325,864
		Hotels, Restaurants & Leisure — 0.4%
4		Booking Holdings, Inc. (a)			8,318
40		McDonald’s Corp.			10,911
					19,229
		Household Durables — 2.7%
207		D.R. Horton, Inc.			17,802
318		Lennar Corp., Class A			27,930
12		NVR, Inc. (a)			55,668
437		PulteGroup, Inc.			19,569
72		Whirlpool Corp.			10,550
					131,519
		Household Products — 0.2%
119		Colgate-Palmolive Co.			9,220
		Independent Power and Renewable Electricity Producers — 0.3%
469		AES (The) Corp.			13,563
		Industrial Conglomerates — 0.6%
215		3M Co.			27,084
		Insurance — 5.3%
588		Aflac, Inc.			42,295
52		Allstate (The) Corp.			6,963

 

 

First Trust Active Factor Large Cap ETF (AFLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Insurance (Continued)
32		American Financial Group, Inc.		$	4,551
457		American International Group, Inc.			28,841
28		Aon PLC, Class A			8,632
215		Arch Capital Group Ltd. (a)			12,881
68		Arthur J. Gallagher & Co.			13,539
20		Assurant, Inc.			2,564
44		Erie Indemnity Co., Class A			12,425
24		Globe Life, Inc.			2,879
350		Hartford Financial Services Group (The), Inc.			26,730
262		Loews Corp.			15,235
76		Marsh & McLennan Cos., Inc.			13,162
44		MetLife, Inc.			3,375
72		Principal Financial Group, Inc.			6,457
115		Progressive (The) Corp.			15,197
123		Prudential Financial, Inc.			13,288
16		Travelers (The) Cos., Inc.			3,037
322		W.R. Berkley Corp.			24,562
12		Willis Towers Watson PLC			2,954
					259,567
		Interactive Media & Services — 2.4%
1,061		Alphabet, Inc., Class A (a)			107,150
87		Meta Platforms, Inc., Class A (a)			10,275
					117,425
		Internet & Direct Marketing Retail — 0.8%
409		Amazon.com, Inc. (a)			39,485
		IT Services — 4.2%
24		Accenture PLC, Class A			7,222
123		Automatic Data Processing, Inc.			32,489
415		Cognizant Technology Solutions Corp., Class A			25,817
286		DXC Technology Co. (a)			8,486
72		Gartner, Inc. (a)			25,227
115		International Business Machines Corp.			17,124
64		Jack Henry & Associates, Inc.			12,118
32		Mastercard, Inc., Class A			11,405
183		Paychex, Inc.			22,697
414		SS&C Technologies Holdings, Inc.			22,257
1,588		Western Union (The) Co.			23,280
					208,122
		Machinery — 1.6%
60		Cummins, Inc.			15,070
95		Ingersoll Rand, Inc.			5,127
12		Nordson Corp.			2,838
36		Otis Worldwide Corp.			2,811
52		Pentair PLC			2,380
127		Snap-on, Inc.			30,556
103		Toro (The) Co.			11,432

 

Shares		Description		Value
		Common Stocks (Continued)
		Machinery (Continued)
99		Westinghouse Air Brake Technologies Corp.		$	10,008
					80,222
		Media — 1.6%
958		Comcast Corp., Class A			35,101
771		Fox Corp., Class A			25,019
81		Interpublic Group of (The) Cos., Inc.			2,783
828		News Corp., Class A			15,856
					78,759
		Metals & Mining — 1.9%
60		Alcoa Corp.			3,008
270		Nucor Corp.			40,486
68		Reliance Steel & Aluminum Co.			14,368
346		Steel Dynamics, Inc.			35,960
					93,822
		Multiline Retail — 0.5%
32		Dollar General Corp.			8,182
64		Dollar Tree, Inc. (a)			9,618
52		Target Corp.			8,688
					26,488
		Multi-Utilities — 1.4%
290		CenterPoint Energy, Inc.			9,022
489		Consolidated Edison, Inc.			47,942
76		Sempra Energy			12,630
					69,594
		Oil, Gas & Consumable Fuels — 5.6%
167		Antero Resources Corp. (a)			6,104
52		APA Corp.			2,436
191		Chesapeake Energy Corp.			19,769
179		Chevron Corp.			32,813
147		ConocoPhillips			18,156
727		Coterra Energy, Inc.			20,291
167		Devon Energy Corp.			11,443
247		EQT Corp.			10,475
874		Exxon Mobil Corp.			97,311
151		HF Sinclair Corp.			9,413
445		Marathon Oil Corp.			13,630
167		Marathon Petroleum Corp.			20,342
4		Texas Pacific Land Corp.			10,370
36		Valero Energy Corp.			4,810
					277,363
		Pharmaceuticals — 3.3%
624		Bristol-Myers Squibb Co.			50,095
131		Eli Lilly & Co.			48,612
1,119		Pfizer, Inc.			56,095
543		Viatris, Inc.			5,989
					160,791

 

 

First Trust Active Factor Large Cap ETF (AFLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Professional Services — 1.2%
219		Booz Allen Hamilton Holding Corp.		$	23,302
131		CoStar Group, Inc. (a)			10,616
295		Robert Half International, Inc.			23,240
					57,158
		Real Estate Management & Development — 0.5%
335		CBRE Group, Inc., Class A (a)			26,666
		Road & Rail — 0.1%
12		Old Dominion Freight Line, Inc.			3,631
		Semiconductors & Semiconductor Equipment — 4.9%
302		Applied Materials, Inc.			33,099
80		Broadcom, Inc.			44,082
48		Enphase Energy, Inc. (a)			15,388
406		Intel Corp.			12,209
64		KLA Corp.			25,162
24		Lam Research Corp.			11,337
159		Microchip Technology, Inc.			12,591
175		Micron Technology, Inc.			10,089
8		Monolithic Power Systems, Inc.			3,056
231		ON Semiconductor Corp. (a)			17,371
203		Qorvo, Inc. (a)			20,148
231		QUALCOMM, Inc.			29,219
64		Teradyne, Inc.			5,981
					239,732
		Software — 5.4%
111		Aspen Technology, Inc. (a)			25,586
95		Cadence Design Systems, Inc. (a)			16,344
24		Fair Isaac Corp. (a)			14,873
21		Gen Digital, Inc.			482
12		Intuit, Inc.			4,891
681		Microsoft Corp.			173,751
8		Palo Alto Networks, Inc. (a)			1,359
95		PTC, Inc. (a)			12,085
56		Synopsys, Inc. (a)			19,014
					268,385
		Specialty Retail — 3.5%
12		Advance Auto Parts, Inc.			1,812
12		AutoZone, Inc. (a)			30,948
139		Bath & Body Works, Inc.			5,908
262		Best Buy Co., Inc.			22,349
76		Home Depot (The), Inc.			24,623
72		Lowe’s Cos., Inc.			15,304
12		O’Reilly Automotive, Inc. (a)			10,374
175		TJX (The) Cos., Inc.			14,009
64		Tractor Supply Co.			14,484
16		Ulta Beauty, Inc. (a)			7,437
203		Victoria’s Secret & Co. (a)			9,338

 

Shares		Description		Value
		Common Stocks (Continued)
		Specialty Retail (Continued)
147		Williams-Sonoma, Inc.		$	17,184
					173,770
		Technology Hardware, Storage & Peripherals — 7.1%
1,807		Apple, Inc.			267,490
294		Dell Technologies, Inc., Class C			13,168
950		HP, Inc.			28,538
350		NetApp, Inc.			23,664
375		Seagate Technology Holdings PLC			19,864
					352,724
		Textiles, Apparel & Luxury Goods — 1.0%
185		Ralph Lauren Corp.			20,927
628		Tapestry, Inc.			23,720
243		Under Armour, Inc., Class A (a)			2,430
					47,077
		Tobacco — 0.9%
600		Altria Group, Inc.			27,948
183		Philip Morris International, Inc.			18,240
					46,188
		Trading Companies & Distributors — 0.5%
48		Fastenal Co.			2,473
40		W.W. Grainger, Inc.			24,122
					26,595
		Wireless Telecommunication Services — 0.3%
99		T-Mobile US, Inc. (a)			14,995
		Total Common Stocks — 99.7%			4,928,067
		(Cost $4,755,344)
		Money Market Funds — 0.1%
5,662		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			5,662
		(Cost $5,662)
		Total Investments — 99.8%			4,933,729
		(Cost $4,761,006)
		Net Other Assets and Liabilities — 0.2%			12,205
		Net Assets — 100.0%		$	4,945,934

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

 

First Trust Active Factor Large Cap ETF (AFLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

 

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	4,928,067			$	4,928,067			$	—			$	—
Money Market Funds			5,662				5,662				—				—
Total Investments		$	4,933,729			$	4,933,729			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Active Factor Mid Cap ETF (AFMC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 99.7%
		Aerospace & Defense — 1.2%
44		Curtiss-Wright Corp.		$	7,773
123		Parsons Corp. (a)			6,088
					13,861
		Air Freight & Logistics — 0.1%
7		C.H. Robinson Worldwide, Inc.			702
		Auto Components — 0.2%
19		Visteon Corp. (a)			2,789
		Automobiles — 0.6%
79		Thor Industries, Inc.			6,805
		Banks — 4.2%
164		Bank OZK			7,569
148		Cathay General Bancorp			6,877
34		Commerce Bancshares, Inc.			2,547
25		Cullen/Frost Bankers, Inc.			3,627
198		CVB Financial Corp.			5,679
237		F.N.B. Corp.			3,342
59		International Bancshares Corp.			3,108
75		Popular, Inc.			5,476
51		Prosperity Bancshares, Inc.			3,854
173		United Bankshares, Inc.			7,420
					49,499
		Beverages — 0.4%
20		Celsius Holdings, Inc. (a)			2,227
53		National Beverage Corp.			2,731
					4,958
		Biotechnology — 2.9%
1		Emergent BioSolutions, Inc. (a)			12
413		Exelixis, Inc. (a)			7,054
78		Halozyme Therapeutics, Inc. (a)			4,466
5		Karuna Therapeutics, Inc. (a)			1,177
74		Neurocrine Biosciences, Inc. (a)			9,403
42		United Therapeutics Corp. (a)			11,755
					33,867
		Building Products — 3.3%
20		Advanced Drainage Systems, Inc.			1,945
225		Builders FirstSource, Inc. (a)			14,384
17		Carlisle Cos., Inc.			4,473
10		Fortune Brands Home & Security, Inc.			653
102		Owens Corning			9,062
100		UFP Industries, Inc.			8,186
					38,703
		Capital Markets — 1.9%
7		FactSet Research Systems, Inc.			3,229
192		Federated Hermes, Inc.			7,288
47		Interactive Brokers Group, Inc., Class A			3,774
140		Janus Henderson Group PLC			3,541

 

Shares		Description		Value
		Common Stocks (Continued)
		Capital Markets (Continued)
108		Jefferies Financial Group, Inc.		$	4,103
					21,935
		Chemicals — 2.4%
35		Ashland, Inc.			3,915
85		Chemours (The) Co.			2,639
237		Huntsman Corp.			6,584
166		Olin Corp.			9,459
56		RPM International, Inc.			5,803
					28,400
		Commercial Services & Supplies — 0.2%
100		HNI Corp.			2,900
		Communications Equipment — 2.3%
50		Calix, Inc. (a)			3,565
75		Ciena Corp. (a)			3,372
9		F5, Inc. (a)			1,391
173		Juniper Networks, Inc.			5,751
71		Lumentum Holdings, Inc. (a)			3,901
232		NetScout Systems, Inc. (a)			8,649
					26,629
		Construction & Engineering — 2.9%
62		AECOM			5,270
5		Comfort Systems USA, Inc.			634
45		Dycom Industries, Inc. (a)			4,101
49		EMCOR Group, Inc.			7,590
182		Fluor Corp. (a)			6,117
23		Valmont Industries, Inc.			7,789
56		WillScot Mobile Mini Holdings Corp. (a)			2,700
					34,201
		Consumer Finance — 0.8%
112		Ally Financial, Inc.			3,025
401		Navient Corp.			6,645
					9,670
		Diversified Consumer Services — 0.7%
6		Grand Canyon Education, Inc. (a)			678
186		H&R Block, Inc.			8,130
					8,808
		Diversified Financial Services — 0.5%
97		Voya Financial, Inc.			6,400
		Diversified Telecommunication Services — 1.0%
279		EchoStar Corp., Class A (a)			4,855
69		Iridium Communications, Inc. (a)			3,664
673		Lumen Technologies, Inc.			3,681
					12,200

 

 

First Trust Active Factor Mid Cap ETF (AFMC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Electric Utilities — 1.5%
168		NRG Energy, Inc.		$	7,132
273		OGE Energy Corp.			11,045
					18,177
		Electrical Equipment — 2.4%
17		Acuity Brands, Inc.			3,201
44		Atkore, Inc. (a)			5,375
817		GrafTech International Ltd.			4,412
38		Hubbell, Inc.			9,654
143		nVent Electric PLC			5,721
					28,363
		Electronic Equipment, Instruments & Components — 4.1%
42		Arrow Electronics, Inc. (a)			4,567
161		Avnet, Inc.			7,272
89		Belden, Inc.			7,159
59		IPG Photonics Corp. (a)			5,371
64		Jabil, Inc.			4,620
105		National Instruments Corp.			4,307
52		Sanmina Corp. (a)			3,437
422		Vishay Intertechnology, Inc.			9,723
54		Vontier Corp.			1,060
2		Zebra Technologies Corp., Class A (a)			541
					48,057
		Entertainment — 0.7%
98		World Wrestling Entertainment, Inc., Class A			7,828
		Equity Real Estate Investment Trusts — 6.6%
242		Brixmor Property Group, Inc.			5,610
285		Corporate Office Properties Trust			7,915
240		Cousins Properties, Inc.			6,331
26		First Industrial Realty Trust, Inc.			1,314
199		Highwoods Properties, Inc.			5,930
420		Hudson Pacific Properties, Inc.			4,855
100		Iron Mountain, Inc.			5,433
83		Kilroy Realty Corp.			3,587
558		Medical Properties Trust, Inc.			7,321
170		National Retail Properties, Inc.			7,881
360		Omega Healthcare Investors, Inc.			10,901
162		PotlatchDeltic Corp.			7,742
43		Regency Centers Corp.			2,857
					77,677
		Food & Staples Retailing — 0.9%
129		Albertsons Cos., Inc., Class A			2,703
246		Sprouts Farmers Market, Inc. (a)			8,445
					11,148
		Food Products — 2.0%
182		Flowers Foods, Inc.			5,469
95		Hostess Brands, Inc. (a)			2,508

 

Shares		Description		Value
		Common Stocks (Continued)
		Food Products (Continued)
5		J.M. Smucker (The) Co.		$	770
15		Lancaster Colony Corp.			3,107
121		Pilgrim’s Pride Corp. (a)			3,165
98		Post Holdings, Inc. (a)			9,174
					24,193
		Gas Utilities — 1.8%
169		National Fuel Gas Co.			11,193
29		ONE Gas, Inc.			2,521
201		UGI Corp.			7,769
					21,483
		Health Care Equipment & Supplies — 3.0%
168		DENTSPLY SIRONA, Inc.			5,084
60		Enovis Corp. (a)			3,248
153		Envista Holdings Corp. (a)			5,220
85		Haemonetics Corp. (a)			7,251
9		Inspire Medical Systems, Inc. (a)			2,174
10		iRhythm Technologies, Inc. (a)			1,091
42		Lantheus Holdings, Inc. (a)			2,607
25		Merit Medical Systems, Inc. (a)			1,800
23		QuidelOrtho Corp. (a)			2,015
21		Shockwave Medical, Inc. (a)			5,326
					35,816
		Health Care Providers & Services — 4.9%
5		Amedisys, Inc. (a)			455
79		AMN Healthcare Services, Inc. (a)			9,772
70		Cardinal Health, Inc.			5,612
6		Chemed Corp.			3,120
6		DaVita, Inc. (a)			442
109		Enhabit, Inc. (a)			1,560
119		Henry Schein, Inc. (a)			9,630
24		Molina Healthcare, Inc. (a)			8,083
197		Option Care Health, Inc. (a)			5,932
41		Patterson Cos., Inc.			1,166
163		Premier, Inc., Class A			5,436
47		Universal Health Services, Inc., Class B			6,150
					57,358
		Household Durables — 2.5%
72		Meritage Homes Corp. (a)			6,222
149		PulteGroup, Inc.			6,672
314		Taylor Morrison Home Corp. (a)			9,543
64		Toll Brothers, Inc.			3,066
153		Tri Pointe Homes, Inc. (a)			2,821
11		Whirlpool Corp.			1,612
					29,936

 

 

First Trust Active Factor Mid Cap ETF (AFMC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Independent Power and Renewable Electricity Producers — 0.4%
74		Clearway Energy, Inc., Class C		$	2,623
79		Vistra Corp.			1,922
					4,545
		Insurance — 4.0%
25		American Financial Group, Inc.			3,555
134		Brighthouse Financial, Inc. (a)			7,469
152		CNO Financial Group, Inc.			3,569
23		Erie Indemnity Co., Class A			6,495
15		First American Financial Corp.			820
24		Kinsale Capital Group, Inc.			7,397
137		Loews Corp.			7,967
166		Old Republic International Corp.			4,067
150		Unum Group			6,327
					47,666
		Internet & Direct Marketing Retail — 0.1%
529		Qurate Retail, Inc., Series A (a)			1,243
		IT Services — 1.9%
80		DXC Technology Co. (a)			2,374
40		Euronet Worldwide, Inc. (a)			3,718
40		ExlService Holdings, Inc. (a)			7,488
23		Genpact Ltd.			1,060
3		Maximus, Inc.			211
482		Western Union (The) Co.			7,066
					21,917
		Leisure Products — 0.2%
118		Mattel, Inc. (a)			2,151
		Life Sciences Tools & Services — 0.3%
4		Medpace Holdings, Inc. (a)			840
76		Syneos Health, Inc. (a)			2,681
					3,521
		Machinery — 2.8%
66		Allison Transmission Holdings, Inc.			2,957
14		Crane Holdings Co.			1,483
7		Franklin Electric Co., Inc.			583
240		Kennametal, Inc.			6,341
36		Lincoln Electric Holdings, Inc.			5,324
25		Snap-on, Inc.			6,015
56		Timken (The) Co.			4,255
38		Toro (The) Co.			4,217
11		Watts Water Technologies, Inc., Class A			1,743
					32,918
		Media — 1.0%
43		Interpublic Group of (The) Cos., Inc.			1,477
12		John Wiley & Sons, Inc., Class A			569
36		Nexstar Media Group, Inc.			6,824

 

Shares		Description		Value
		Common Stocks (Continued)
		Media (Continued)
166		TEGNA, Inc.		$	3,277
					12,147
		Metals & Mining — 4.7%
143		Cleveland-Cliffs, Inc. (a)			2,214
74		Commercial Metals Co.			3,642
90		Reliance Steel & Aluminum Co.			19,016
230		Steel Dynamics, Inc.			23,904
249		United States Steel Corp.			6,546
					55,322
		Multiline Retail — 1.4%
23		Dillard’s, Inc., Class A			8,273
335		Macy’s, Inc.			7,873
					16,146
		Oil, Gas & Consumable Fuels — 4.0%
51		Chesapeake Energy Corp.			5,278
20		Chord Energy Corp.			3,051
219		Coterra Energy, Inc.			6,112
20		Denbury, Inc. (a)			1,795
133		EQT Corp.			5,641
117		HF Sinclair Corp.			7,294
21		Magnolia Oil & Gas Corp., Class A			548
248		Marathon Oil Corp.			7,596
35		PBF Energy, Inc., Class A			1,392
63		PDC Energy, Inc.			4,682
53		Peabody Energy Corp. (a)			1,693
93		Range Resources Corp.			2,685
					47,767
		Paper & Forest Products — 0.6%
108		Louisiana-Pacific Corp.			6,890
		Personal Products — 0.6%
163		Nu Skin Enterprises, Inc., Class A			6,799
		Pharmaceuticals — 0.6%
24		Organon & Co.			625
98		Prestige Consumer Healthcare, Inc. (a)			6,023
					6,648
		Professional Services — 2.8%
16		ASGN, Inc. (a)			1,450
1		CACI International, Inc., Class A (a)			312
23		FTI Consulting, Inc. (a)			3,975
31		Insperity, Inc.			3,675
75		KBR, Inc.			3,875
80		ManpowerGroup, Inc.			7,002
37		Robert Half International, Inc.			2,915
41		Science Applications International Corp.			4,514
79		TriNet Group, Inc. (a)			5,725
					33,443

 

 

First Trust Active Factor Mid Cap ETF (AFMC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Real Estate Management & Development — 0.7%
46		Jones Lang LaSalle, Inc. (a)		$	7,736
		Road & Rail — 2.2%
159		Knight-Swift Transportation Holdings, Inc.			8,813
22		Landstar System, Inc.			3,806
242		Schneider National, Inc., Class B			6,234
156		Werner Enterprises, Inc.			6,861
					25,714
		Semiconductors & Semiconductor Equipment — 2.5%
99		Cirrus Logic, Inc. (a)			7,396
72		Lattice Semiconductor Corp. (a)			5,244
31		MKS Instruments, Inc.			2,600
59		Qorvo, Inc. (a)			5,856
74		Rambus, Inc. (a)			2,840
91		Semtech Corp. (a)			2,797
26		Synaptics, Inc. (a)			2,755
					29,488
		Software — 2.8%
5		Appfolio, Inc., Class A (a)			570
18		Aspen Technology, Inc. (a)			4,149
177		Box, Inc., Class A (a)			4,859
23		CommVault Systems, Inc. (a)			1,518
55		Dropbox, Inc., Class A (a)			1,296
13		Fair Isaac Corp. (a)			8,056
23		Gen Digital, Inc.			528
81		InterDigital, Inc.			4,064
16		Manhattan Associates, Inc. (a)			2,015
26		Qualys, Inc. (a)			3,206
14		SPS Commerce, Inc. (a)			1,992
35		Teradata Corp. (a)			1,195
					33,448
		Specialty Retail — 4.9%
119		Aaron’s (The) Co., Inc.			1,451
3		Advance Auto Parts, Inc.			453
109		AutoNation, Inc. (a)			13,506
31		Bath & Body Works, Inc.			1,317
98		Dick’s Sporting Goods, Inc.			11,719
79		Foot Locker, Inc.			3,144
27		Murphy USA, Inc.			7,987
56		Penske Automotive Group, Inc.			7,081
57		Victoria’s Secret & Co. (a)			2,622
70		Williams-Sonoma, Inc.			8,183
					57,463
		Technology Hardware, Storage & Peripherals — 0.8%
40		NetApp, Inc.			2,704

 

Shares		Description		Value
		Common Stocks (Continued)
		Technology Hardware, Storage & Peripherals (Continued)
95		Pure Storage, Inc., Class A (a)		$	2,773
47		Super Micro Computer, Inc. (a)			4,241
					9,718
		Textiles, Apparel & Luxury Goods — 1.4%
58		Capri Holdings Ltd. (a)			3,326
11		Deckers Outdoor Corp. (a)			4,388
86		PVH Corp.			5,778
11		Ralph Lauren Corp.			1,244
42		Tapestry, Inc.			1,586
					16,322
		Thrifts & Mortgage Finance — 1.8%
172		Essent Group Ltd.			6,895
432		MGIC Investment Corp.			5,931
42		PennyMac Financial Services, Inc.			2,506
275		Radian Group, Inc.			5,382
					20,714
		Trading Companies & Distributors — 1.2%
31		Applied Industrial Technologies, Inc.			4,107
14		MSC Industrial Direct Co., Inc., Class A			1,202
208		Univar Solutions, Inc. (a)			6,891
6		Watsco, Inc.			1,614
					13,814
		Total Common Stocks — 99.7%			1,175,903
		(Cost $1,193,812)
		Money Market Funds — 0.1%
1,879		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			1,879
		(Cost $1,879)
		Total Investments — 99.8%			1,177,782
		(Cost $1,195,691)
		Net Other Assets and Liabilities — 0.2%			1,966
		Net Assets — 100.0%		$	1,179,748

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

 

First Trust Active Factor Mid Cap ETF (AFMC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	1,175,903			$	1,175,903			$	—			$	—
Money Market Funds			1,879				1,879				—				—
Total Investments		$	1,177,782			$	1,177,782			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 99.6%
		Aerospace & Defense — 0.3%
248		Parsons Corp. (a)		$	12,276
		Air Freight & Logistics — 0.5%
112		Forward Air Corp.			12,585
164		Hub Group, Inc., Class A (a)			13,801
					26,386
		Auto Components — 0.5%
383		Modine Manufacturing Co. (a)			8,108
252		Patrick Industries, Inc.			14,095
					22,203
		Automobiles — 0.3%
212		Winnebago Industries, Inc.			12,421
		Banks — 6.7%
116		BancFirst Corp.			11,825
683		BankUnited, Inc.			25,080
839		Berkshire Hills Bancorp, Inc.			26,160
275		City Holding Co.			28,028
995		CVB Financial Corp.			28,536
80		Dime Community Bancshares, Inc.			2,854
862		First BanCorp			13,257
343		Hancock Whitney Corp.			18,810
363		Heritage Financial Corp.			11,943
427		Hilltop Holdings, Inc.			12,725
751		HomeStreet, Inc.			20,502
263		NBT Bancorp, Inc.			12,140
899		Northwest Bancshares, Inc.			13,746
431		OFG Bancorp			12,486
307		Popular, Inc.			22,417
160		Preferred Bank			12,094
192		Stock Yards Bancorp, Inc.			14,212
220		TriCo Bancshares			11,990
339		Trustmark Corp.			12,401
367		WesBanco, Inc.			14,845
					326,051
		Beverages — 0.3%
112		MGP Ingredients, Inc.			14,007
		Biotechnology — 5.7%
752		Alkermes PLC (a)			18,635
228		Amicus Therapeutics, Inc. (a)			2,759
80		Anika Therapeutics, Inc. (a)			2,523
411		Arcutis Biotherapeutics, Inc. (a)			7,082
1,920		Catalyst Pharmaceuticals, Inc. (a)			32,198
547		Chinook Therapeutics, Inc. (a)			12,390
527		Deciphera Pharmaceuticals, Inc. (a)			8,385
826		Dynavax Technologies Corp. (a)			10,251
651		Eagle Pharmaceuticals, Inc. (a)			23,644
40		Enanta Pharmaceuticals, Inc. (a)			1,752
303		Halozyme Therapeutics, Inc. (a)			17,350
2,367		Ironwood Pharmaceuticals, Inc. (a)			28,664
40		Karuna Therapeutics, Inc. (a)			9,412
168		Prometheus Biosciences, Inc. (a)			6,906

 

Shares		Description		Value
		Common Stocks (Continued)
		Biotechnology (Continued)
870		REGENXBIO, Inc. (a)		$	20,793
255		Rhythm Pharmaceuticals, Inc. (a)			6,826
419		Syndax Pharmaceuticals, Inc. (a)			10,039
2,307		Vanda Pharmaceuticals, Inc. (a)			25,169
631		Vir Biotechnology, Inc. (a)			17,807
531		Xencor, Inc. (a)			15,781
					278,366
		Building Products — 1.2%
44		Advanced Drainage Systems, Inc.			4,279
747		Insteel Industries, Inc.			22,029
395		UFP Industries, Inc.			32,335
					58,643
		Capital Markets — 1.1%
511		Blucora, Inc. (a)			12,801
395		Donnelley Financial Solutions, Inc. (a)			15,081
367		Federated Hermes, Inc.			13,931
68		Houlihan Lokey, Inc.			6,688
48		Piper Sandler Cos.			6,896
					55,397
		Chemicals — 0.8%
467		American Vanguard Corp.			10,741
228		Cabot Corp.			16,785
267		LSB Industries, Inc. (a)			4,120
80		Sensient Technologies Corp.			5,977
					37,623
		Communications Equipment — 2.5%
543		ADTRAN Holdings, Inc.			11,007
216		Calix, Inc. (a)			15,401
136		Clearfield, Inc. (a)			17,900
387		Digi International, Inc. (a)			16,436
723		Extreme Networks, Inc. (a)			15,161
463		Harmonic, Inc. (a)			7,102
1,050		NetScout Systems, Inc. (a)			39,144
					122,151
		Construction & Engineering — 1.4%
295		Comfort Systems USA, Inc.			37,395
128		EMCOR Group, Inc.			19,827
387		Fluor Corp. (a)			13,007
					70,229
		Consumer Finance — 1.2%
291		Encore Capital Group, Inc. (a)			14,667
391		Enova International, Inc. (a)			15,773
1,625		Navient Corp.			26,926
72		PRA Group, Inc. (a)			2,475
					59,841
		Diversified Consumer Services — 1.7%
24		Grand Canyon Education, Inc. (a)			2,714

 

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Diversified Consumer Services (Continued)
591		H&R Block, Inc.		$	25,832
1,993		Laureate Education, Inc.			20,887
2,280		Perdoceo Education Corp. (a)			32,718
					82,151
		Diversified Financial Services — 0.6%
675		Cannae Holdings, Inc. (a)			15,640
379		Jackson Financial, Inc., Class A			14,155
					29,795
		Diversified Telecommunication Services — 0.4%
1,106		EchoStar Corp., Class A (a)			19,244
		Electric Utilities — 1.3%
263		Hawaiian Electric Industries, Inc.			10,804
603		Otter Tail Corp.			35,957
331		Portland General Electric Co.			16,295
					63,056
		Electrical Equipment — 2.1%
32		Acuity Brands, Inc.			6,025
271		Atkore, Inc. (a)			33,103
283		Encore Wire Corp.			41,349
4,164		GrafTech International Ltd.			22,486
					102,963
		Electronic Equipment, Instruments & Components — 3.6%
60		Badger Meter, Inc.			6,949
232		Belden, Inc.			18,662
299		CTS Corp.			12,707
643		Knowles Corp. (a)			10,031
248		Methode Electronics, Inc.			11,329
291		PC Connection, Inc.			16,165
741		Sanmina Corp. (a)			48,973
311		ScanSource, Inc. (a)			9,286
859		TTM Technologies, Inc. (a)			13,804
1,242		Vishay Intertechnology, Inc.			28,616
					176,522
		Energy Equipment & Services — 0.3%
216		Helmerich & Payne, Inc.			11,033
579		RPC, Inc.			5,362
					16,395
		Equity Real Estate Investment Trusts — 4.5%
244		CareTrust REIT, Inc.			4,831
459		Equity Commonwealth			12,434
483		Four Corners Property Trust, Inc.			13,109
379		Getty Realty Corp.			12,515
411		Highwoods Properties, Inc.			12,248

 

Shares		Description		Value
		Common Stocks (Continued)
		Equity Real Estate Investment Trusts (Continued)
1,082		Hudson Pacific Properties, Inc.		$	12,508
603		LTC Properties, Inc.			23,692
447		National Health Investors, Inc.			25,148
1,349		Office Properties Income Trust			20,626
12		Park Hotels & Resorts, Inc.			154
2,032		Piedmont Office Realty Trust, Inc., Class A			21,153
535		PotlatchDeltic Corp.			25,568
760		Retail Opportunity Investments Corp.			11,590
806		SITE Centers Corp.			10,953
319		Tanger Factory Outlet Centers, Inc.			6,205
299		Urban Edge Properties			4,703
					217,437
		Food & Staples Retailing — 2.9%
172		BJ’s Wholesale Club Holdings, Inc. (a)			12,941
64		Grocery Outlet Holding Corp. (a)			1,937
387		Ingles Markets, Inc., Class A			39,126
791		SpartanNash Co.			25,984
571		Sprouts Farmers Market, Inc. (a)			19,603
449		Weis Markets, Inc.			39,157
					138,748
		Food Products — 0.8%
435		Cal-Maine Foods, Inc.			25,352
479		Hostess Brands, Inc. (a)			12,645
					37,997
		Gas Utilities — 0.3%
152		ONE Gas, Inc.			13,216
		Health Care Equipment & Supplies — 4.7%
1,011		AngioDynamics, Inc. (a)			13,093
922		Avanos Medical, Inc. (a)			24,802
315		Cutera, Inc. (a)			14,988
395		Enovis Corp. (a)			21,381
40		Globus Medical, Inc., Class A (a)			2,956
164		Haemonetics Corp. (a)			13,991
140		Inspire Medical Systems, Inc. (a)			33,820
604		Lantheus Holdings, Inc. (a)			37,496
88		Neogen Corp. (a)			1,457
84		Orthofix Medical, Inc. (a)			1,511
216		QuidelOrtho Corp. (a)			18,924
104		Shockwave Medical, Inc. (a)			26,374
140		TransMedics Group, Inc. (a)			8,662
359		Varex Imaging Corp. (a)			7,625
					227,080
		Health Care Providers & Services — 3.3%
80		Addus HomeCare Corp. (a)			8,822
20		Amedisys, Inc. (a)			1,822

 

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Health Care Providers & Services (Continued)
315		AMN Healthcare Services, Inc. (a)		$	38,965
80		CorVel Corp. (a)			12,238
144		Cross Country Healthcare, Inc. (a)			5,152
467		Fulgent Genetics, Inc. (a)			16,938
914		Option Care Health, Inc. (a)			27,521
655		Owens & Minor, Inc.			13,500
802		Pediatrix Medical Group, Inc. (a)			12,816
667		Premier, Inc., Class A			22,244
					160,018
		Health Care Technology — 1.2%
1,510		Allscripts Healthcare Solutions, Inc. (a)			28,600
400		Evolent Health, Inc., Class A (a)			11,516
503		NextGen Healthcare, Inc. (a)			10,462
205		Simulations Plus, Inc.			8,321
					58,899
		Household Durables — 3.3%
44		Cavco Industries, Inc. (a)			10,104
736		Ethan Allen Interiors, Inc.			20,939
1,066		Green Brick Partners, Inc. (a)			25,776
411		M.D.C. Holdings, Inc.			13,329
259		M/I Homes, Inc. (a)			11,702
172		Meritage Homes Corp. (a)			14,862
387		Skyline Champion Corp. (a)			20,120
978		Taylor Morrison Home Corp. (a)			29,721
739		Tri Pointe Homes, Inc. (a)			13,627
					160,180
		Insurance — 3.1%
319		American Equity Investment Life Holding Co.			12,923
463		Brighthouse Financial, Inc. (a)			25,808
611		CNO Financial Group, Inc.			14,346
349		Employers Holdings, Inc.			16,218
88		Kinsale Capital Group, Inc.			27,122
112		RLI Corp.			14,568
263		Safety Insurance Group, Inc.			24,128
184		Selective Insurance Group, Inc.			17,686
					152,799
		Interactive Media & Services — 0.2%
515		Cars.com, Inc. (a)			7,612
32		Ziff Davis, Inc. (a)			2,952
					10,564
		IT Services — 1.7%
283		CSG Systems International, Inc.			17,501
204		ExlService Holdings, Inc. (a)			38,189
1,211		International Money Express, Inc. (a)			26,303
					81,993

 

Shares		Description		Value
		Common Stocks (Continued)
		Leisure Products — 0.5%
1,449		Smith & Wesson Brands, Inc.		$	17,055
327		Vista Outdoor, Inc. (a)			9,146
					26,201
		Life Sciences Tools & Services — 0.3%
16		AbCellera Biologics, Inc. (a)			206
683		Maravai LifeSciences Holdings, Inc., Class A (a)			10,163
20		Medpace Holdings, Inc. (a)			4,198
53		OmniAb, Inc. (a) (b) (c) (d)			0
53		OmniAb, Inc. (a) (b) (c) (d)			0
48		Syneos Health, Inc. (a)			1,693
					16,260
		Machinery — 1.9%
60		Hillenbrand, Inc.			3,000
681		Mueller Industries, Inc.			46,832
180		SPX Technologies, Inc. (a)			12,042
220		Titan International, Inc. (a)			3,153
523		Wabash National Corp.			13,112
92		Watts Water Technologies, Inc., Class A			14,577
					92,716
		Marine — 1.3%
443		Eagle Bulk Shipping, Inc.			22,792
1,202		Genco Shipping & Trading Ltd.			17,826
339		Matson, Inc.			21,615
					62,233
		Media — 0.4%
419		Scholastic Corp.			17,229
132		Sinclair Broadcast Group, Inc., Class A			2,450
					19,679
		Metals & Mining — 2.7%
188		Alcoa Corp.			9,424
204		Alpha Metallurgical Resources, Inc.			34,931
687		Ryerson Holding Corp.			20,260
391		Schnitzer Steel Industries, Inc., Class A			13,423
958		TimkenSteel Corp. (a)			17,914
918		Warrior Met Coal, Inc.			33,801
					129,753
		Multiline Retail — 1.2%
92		Dillard’s, Inc., Class A			33,092
1,022		Macy’s, Inc.			24,017
					57,109

 

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Oil, Gas & Consumable Fuels — 6.8%
263		Arch Resources, Inc.		$	40,699
399		California Resources Corp.			18,107
172		Chesapeake Energy Corp.			17,802
188		Chord Energy Corp.			28,676
447		Civitas Resources, Inc.			30,110
200		CONSOL Energy, Inc.			15,490
68		CVR Energy, Inc.			2,506
48		Denbury, Inc. (a)			4,309
826		Dorian LPG Ltd.			16,082
64		Golar LNG Ltd. (a)			1,604
28		Gulfport Energy Corp. (a)			2,271
72		International Seaways, Inc.			3,102
767		Magnolia Oil & Gas Corp., Class A			20,003
244		Murphy Oil Corp.			11,517
228		Ovintiv, Inc.			12,713
216		PBF Energy, Inc., Class A			8,590
339		PDC Energy, Inc.			25,195
307		Peabody Energy Corp. (a)			9,806
371		REX American Resources Corp. (a)			10,948
395		SandRidge Energy, Inc. (a)			8,058
56		Scorpio Tankers, Inc.			2,857
228		SM Energy Co.			9,829
431		Talos Energy, Inc. (a)			8,469
583		Teekay Tankers Ltd., Class A (a)			19,670
					328,413
		Paper & Forest Products — 0.8%
569		Louisiana-Pacific Corp.			36,302
		Personal Products — 1.7%
705		elf Beauty, Inc. (a)			38,747
104		Inter Parfums, Inc.			9,910
112		Medifast, Inc.			14,118
335		USANA Health Sciences, Inc. (a)			18,438
96		Veru, Inc. (a)			545
					81,758
		Pharmaceuticals — 3.2%
1,203		Amphastar Pharmaceuticals, Inc. (a)			35,476
120		Axsome Therapeutics, Inc. (a)			8,675
343		Corcept Therapeutics, Inc. (a)			8,671
267		Harmony Biosciences Holdings, Inc. (a)			15,959
331		Innoviva, Inc. (a)			4,346
196		Intra-Cellular Therapies, Inc. (a)			10,627
252		Ligand Pharmaceuticals, Inc. (a)			18,371
267		Prestige Consumer Healthcare, Inc. (a)			16,410
1,114		SIGA Technologies, Inc.			10,226
740		Supernus Pharmaceuticals, Inc. (a)			27,173
					155,934
		Professional Services — 2.4%
555		CBIZ, Inc. (a)			27,556

 

Shares		Description		Value
		Common Stocks (Continued)
		Professional Services (Continued)
770		Heidrick & Struggles International, Inc.		$	22,869
347		Huron Consulting Group, Inc. (a)			27,017
184		Kforce, Inc.			10,869
511		Korn Ferry			29,142
					117,453
		Real Estate Management & Development — 1.2%
1,006		Anywhere Real Estate, Inc. (a)			7,596
2,767		Douglas Elliman, Inc.			11,400
651		Marcus & Millichap, Inc.			24,243
487		RMR Group (The), Inc., Class A			14,079
					57,318
		Road & Rail — 2.0%
463		ArcBest Corp.			38,323
1,477		Daseke, Inc. (a)			8,611
818		Heartland Express, Inc.			13,693
583		Marten Transport Ltd.			12,424
986		Schneider National, Inc., Class B			25,399
					98,450
		Semiconductors & Semiconductor Equipment — 4.0%
379		Axcelis Technologies, Inc. (a)			30,267
200		Cirrus Logic, Inc. (a)			14,942
587		Cohu, Inc. (a)			21,026
176		Diodes, Inc. (a)			16,232
84		Impinj, Inc. (a)			10,714
507		Kulicke & Soffa Industries, Inc.			24,311
208		Lattice Semiconductor Corp. (a)			15,149
1,116		Photronics, Inc. (a)			20,981
371		Rambus, Inc. (a)			14,239
451		Semtech Corp. (a)			13,864
124		Synaptics, Inc. (a)			13,140
					194,865
		Software — 1.1%
124		A10 Networks, Inc.			2,320
312		Box, Inc., Class A (a)			8,565
200		CommVault Systems, Inc. (a)			13,200
208		InterDigital, Inc.			10,435
60		Model N, Inc. (a)			2,333
97		Qualys, Inc. (a)			11,962
28		SPS Commerce, Inc. (a)			3,983
64		Teradata Corp. (a)			2,186
					54,984
		Specialty Retail — 3.3%
623		Aaron’s (The) Co., Inc.			7,594
363		Abercrombie & Fitch Co., Class A (a)			8,705
204		Academy Sports & Outdoors, Inc.			10,298
511		Big 5 Sporting Goods Corp.			6,342

 

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Specialty Retail (Continued)
112		Buckle (The), Inc.		$	4,922
351		Caleres, Inc.			8,480
124		Children’s Place (The), Inc. (a)			4,402
76		Citi Trends, Inc. (a)			2,297
587		Designer Brands, Inc., Class A			8,981
44		Genesco, Inc. (a)			2,297
72		Group 1 Automotive, Inc.			13,920
160		Haverty Furniture Cos., Inc.			5,045
48		Hibbett, Inc.			3,200
663		MarineMax, Inc. (a)			21,899
108		Murphy USA, Inc.			31,947
80		Signet Jewelers Ltd.			5,200
711		Zumiez, Inc. (a)			16,531
					162,060
		Technology Hardware, Storage & Peripherals — 0.8%
371		Avid Technology, Inc. (a)			10,417
303		Super Micro Computer, Inc. (a)			27,340
					37,757
		Textiles, Apparel & Luxury Goods — 1.1%
519		G-III Apparel Group Ltd. (a)			11,226
56		Kontoor Brands, Inc.			2,433
563		Movado Group, Inc.			18,123
140		Oxford Industries, Inc.			15,800
48		PVH Corp.			3,225
60		Steven Madden Ltd.			2,073
					52,880
		Thrifts & Mortgage Finance — 2.3%
683		Essent Group Ltd.			27,382
2,252		Kearny Financial Corp.			21,777
1,018		MGIC Investment Corp.			13,977
271		Mr. Cooper Group, Inc. (a)			12,238
208		PennyMac Financial Services, Inc.			12,409
1,289		Radian Group, Inc.			25,226
					113,009
		Trading Companies & Distributors — 1.9%
28		Applied Industrial Technologies, Inc.			3,710
271		BlueLinx Holdings, Inc. (a)			18,807
553		Boise Cascade Co.			40,944
48		Rush Enterprises, Inc., Class A			2,474
108		Veritiv Corp.			14,530
96		WESCO International, Inc. (a)			12,376
					92,841
		Wireless Telecommunication Services — 0.2%
359		United States Cellular Corp. (a)			7,632

 

Shares		Description		Value
		Total Common Stocks — 99.6%		$	4,840,258
		(Cost $4,492,366)
		Money Market Funds — 0.2%
9,296		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (e)			9,296
		(Cost $9,296)
		Total Investments — 99.8%			4,849,554
		(Cost $4,501,662)
		Net Other Assets and Liabilities — 0.2%			8,882
		Net Assets — 100.0%		$	4,858,436

 

(a)	Non-income producing security.
(b)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At November 30, 2022, securities noted as such are valued at $0 or 0.0% of net assets.
(c)	This security’s value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).
(d)	Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by First Trust Advisors, L.P., the Fund’s Advisor.
(e)	Rate shown reflects yield as of November 30, 2022.

 

 

  

 

First Trust Active Factor Small Cap ETF (AFSM)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks:
Life Sciences Tools & Services		$	16,260			$	16,260			$	—			$	—	**
Other Industry Categories*			4,823,998				4,823,998				—				—
Money Market Funds			9,296				9,296				—				—
Total Investments		$	4,849,554			$	4,849,554			$	—			$	—	**

 

*		See Portfolio of Investments for industry breakout.
**		Investment is valued at $0.

                                 

Level 3 Common Stocks are fair valued by the Advisor’s Pricing Committee and are footnoted in the Portfolio of Investments. Level 3 Common Stocks values are based on unobservable and non-quantitative inputs.

 

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

 

 

 

First Trust Innovation Leaders ETF (ILDR)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 96.3%
		Aerospace & Defense — 3.3%
499		AeroVironment, Inc. (a)		$	45,903
101		Northrop Grumman Corp.			53,862
					99,765
		Automobiles — 0.8%
120		Tesla, Inc. (a)			23,364
		Biotechnology — 16.8%
235		Alnylam Pharmaceuticals, Inc. (a)			51,839
324		Apellis Pharmaceuticals, Inc. (a)			16,177
1,442		Arcus Biosciences, Inc. (a)			50,715
750		BioMarin Pharmaceutical, Inc. (a)			75,735
3,500		Coherus Biosciences, Inc. (a)			24,010
448		Intellia Therapeutics, Inc. (a)			23,054
1,181		Myovant Sciences Ltd. (a)			31,722
101		Regeneron Pharmaceuticals, Inc. (a)			75,922
804		REGENXBIO, Inc. (a)			19,215
377		Seagen, Inc. (a)			45,764
1,200		SpringWorks Therapeutics, Inc. (a)			29,016
200		Vertex Pharmaceuticals, Inc. (a)			63,280
					506,449
		Capital Markets — 0.6%
300		Tradeweb Markets, Inc., Class A			18,438
		Communications Equipment — 4.3%
162		Arista Networks, Inc. (a)			22,567
499		Ciena Corp. (a)			22,435
200		F5, Inc. (a)			30,922
200		Motorola Solutions, Inc.			54,440
					130,364
		Construction & Engineering — 1.8%
599		MasTec, Inc. (a)			54,407
		Diversified Telecommunication Services — 1.1%
2,599		Radius Global Infrastructure, Inc., Class A (a)			32,903
		Electrical Equipment — 2.8%
1,000		Bloom Energy Corp., Class A (a)			21,290
100		Generac Holdings, Inc. (a)			10,552
349		Schneider Electric SE (EUR) (b)			51,539
					83,381
		Electronic Equipment, Instruments & Components — 5.8%
400		Keysight Technologies, Inc. (a)			72,356
250		TE Connectivity Ltd.			31,530
799		Trimble, Inc. (a)			47,741
90		Zebra Technologies Corp., Class A (a)			24,325
					175,952
		Entertainment — 1.5%
326		Activision Blizzard, Inc.			24,108

 

Shares		Description		Value
		Common Stocks (Continued)
		Entertainment (Continued)
200		Take-Two Interactive Software, Inc. (a)		$	21,138
					45,246
		Health Care Equipment & Supplies — 4.9%
180		Align Technology, Inc. (a)			35,399
212		Dexcom, Inc. (a)			24,651
693		Globus Medical, Inc., Class A (a)			51,206
68		Intuitive Surgical, Inc. (a)			18,386
898		Outset Medical, Inc. (a)			18,930
					148,572
		Health Care Providers & Services — 1.6%
599		Castle Biosciences, Inc. (a)			14,131
400		Fulgent Genetics, Inc. (a)			14,508
350		Guardant Health, Inc. (a)			18,319
					46,958
		Industrial Conglomerates — 2.7%
599		Siemens AG (EUR) (b)			83,073
		Interactive Media & Services — 4.0%
900		Alphabet, Inc., Class C (a)			91,305
999		ZoomInfo Technologies, Inc. (a)			28,571
					119,876
		Internet & Direct Marketing Retail — 5.0%
1,317		Amazon.com, Inc. (a)			127,143
180		Etsy, Inc. (a)			23,776
					150,919
		IT Services — 5.7%
15		Adyen N.V. (EUR) (a) (b) (c) (d)			23,630
448		Block, Inc. (a)			30,361
120		MongoDB, Inc. (a)			18,323
366		PayPal Holdings, Inc. (a)			28,698
1,508		Switch, Inc., Class A			51,649
374		Twilio, Inc., Class A (a)			18,333
					170,994
		Life Sciences Tools & Services — 1.8%
999		Cytek Biosciences, Inc. (a)			12,877
75		Thermo Fisher Scientific, Inc.			42,017
					54,894
		Media — 1.0%
599		Trade Desk (The), Inc., Class A (a)			31,232
		Road & Rail — 2.9%
2,995		Uber Technologies, Inc. (a)			87,274
		Semiconductors & Semiconductor Equipment — 8.6%
1,249		Allegro MicroSystems, Inc. (a)			38,894

 

 

First Trust Innovation Leaders ETF (ILDR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Semiconductors & Semiconductor Equipment (Continued)
175		Enphase Energy, Inc. (a)		$	56,103
374		NVIDIA Corp.			63,292
200		NXP Semiconductors N.V.			35,168
1,150		Rambus, Inc. (a)			44,137
200		Synaptics, Inc. (a)			21,194
					258,788
		Software — 19.3%
100		Adobe, Inc. (a)			34,493
125		Aspen Technology, Inc. (a)			28,812
352		Autodesk, Inc. (a)			71,086
234		Crowdstrike Holdings, Inc., Class A (a)			27,530
300		Datadog, Inc., Class A (a)			22,734
110		Intuit, Inc.			44,835
598		Microsoft Corp.			152,574
3,890		Palantir Technologies, Inc., Class A (a)			29,175
136		ServiceNow, Inc. (a)			56,617
449		Sprout Social, Inc., Class A (a)			26,626
281		Workday, Inc., Class A (a)			47,180
266		Workiva, Inc. (a)			21,429
133		Zscaler, Inc. (a)			17,748
					580,839
		Total Common Stocks — 96.3%			2,903,688
		(Cost $3,512,883)
		Money Market Funds — 3.7%
111,063		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (e)			111,063
		(Cost $111,063)
		Total Investments — 100.0%			3,014,751
		(Cost $3,623,946)
		Net Other Assets and Liabilities — (0.0)%			(658	)
		Net Assets — 100.0%		$	3,014,093

 

(a)	Non-income producing security.
(b)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At November 30, 2022, securities noted as such are valued at $158,242 or 5.2% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.
(c)	This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”) and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities.
(d)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.
(e)	Rate shown reflects yield as of November 30, 2022.

 

Currency Exposure Diversification		% of Total Investments
USD			94.8	%
EUR			5.2
Total			100.0	%

 

Currency Abbreviations:
EUR	-	Euro
USD	-	United States Dollar

 

 

First Trust Innovation Leaders ETF (ILDR)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

 

 

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks:
Electrical Equipment		$	83,381			$	31,842			$	51,539			$	—
Industrial Conglomerates			83,073				—				83,073				—
IT Services			170,994				147,364				23,630				—
Other Industry Categories*			2,566,240				2,566,240				—				—
Money Market Funds			111,063				111,063				—				—
Total Investments		$	3,014,751			$	2,856,509			$	158,242			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Expanded Technology ETF (XPND)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 99.6%
		Communications Equipment — 5.7%
2,818		Arista Networks, Inc. (a)		$	392,547
12,986		Cisco Systems, Inc.			645,664
					1,038,211
		Electronic Equipment, Instruments & Components — 5.9%
4,642		Amphenol Corp., Class A			373,356
257		CDW Corp.			48,480
9,323		Corning, Inc.			318,194
1,928		Keysight Technologies, Inc. (a)			348,756
					1,088,786
		Interactive Media & Services — 7.1%
7,253		Alphabet, Inc., Class A (a)			732,480
4,827		Meta Platforms, Inc., Class A (a)			570,069
					1,302,549
		IT Services — 19.8%
484		Akamai Technologies, Inc. (a)			45,912
1,798		Automatic Data Processing, Inc.			474,924
253		Broadridge Financial Solutions, Inc.			37,725
106		EPAM Systems, Inc. (a)			39,069
3,983		Fidelity National Information Services, Inc.			289,086
209		FleetCor Technologies, Inc. (a)			41,006
151		Gartner, Inc. (a)			52,906
3,589		International Business Machines Corp.			534,402
225		Jack Henry & Associates, Inc.			42,604
2,440		Mastercard, Inc., Class A			869,616
2,746		Paychex, Inc.			340,586
3,951		Visa, Inc., Class A			857,367
					3,625,203
		Media — 2.2%
911		Charter Communications, Inc., Class A (a)			356,465
656		Omnicom Group, Inc.			52,323
					408,788
		Semiconductors & Semiconductor Equipment — 34.3%
6,317		Advanced Micro Devices, Inc. (a)			490,389
2,693		Analog Devices, Inc.			462,954
4,481		Applied Materials, Inc.			491,117
1,266		Broadcom, Inc.			697,604
1,193		Enphase Energy, Inc. (a)			382,464
1,047		KLA Corp.			411,628
866		Lam Research Corp.			409,081
5,125		Microchip Technology, Inc.			405,849
106		Monolithic Power Systems, Inc.			40,488
5,826		NVIDIA Corp.			985,934
4,745		ON Semiconductor Corp. (a)			356,824
4,098		QUALCOMM, Inc.			518,356

 

Shares		Description		Value
		Common Stocks (Continued)
		Semiconductors & Semiconductor Equipment (Continued)
538		Teradyne, Inc.		$	50,276
3,209		Texas Instruments, Inc.			579,096
					6,282,060
		Software — 20.3%
1,556		Adobe, Inc. (a)			536,711
1,718		Autodesk, Inc. (a)			346,950
2,037		Cadence Design Systems, Inc. (a)			350,446
6,902		Fortinet, Inc. (a)			366,910
1,133		Intuit, Inc.			461,799
3,050		Microsoft Corp.			778,177
1,995		Palo Alto Networks, Inc. (a)			338,951
128		Paycom Software, Inc. (a)			43,405
188		Paylocity Holding Corp. (a)			40,952
383		PTC, Inc. (a)			48,721
1,071		Synopsys, Inc. (a)			363,647
121		Tyler Technologies, Inc. (a)			41,472
					3,718,141
		Technology Hardware, Storage & Peripherals — 4.3%
5,020		Apple, Inc.			743,111
608		NetApp, Inc.			41,107
					784,218
		Total Common Stocks — 99.6%			18,247,956
		(Cost $18,824,313)
		Money Market Funds — 0.3%
48,461		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			48,461
		(Cost $48,461)
		Total Investments — 99.9%			18,296,417
		(Cost $18,872,774)
		Net Other Assets and Liabilities — 0.1%			11,088
		Net Assets — 100.0%		$	18,307,505

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

 

First Trust Expanded Technology ETF (XPND)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	18,247,956			$	18,247,956			$	—			$	—
Money Market Funds			48,461				48,461				—				—
Total Investments		$	18,296,417			$	18,296,417			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

Additional Information

 

First Trust Exchange-Traded Fund VIII

November 30, 2022 (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:

·

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

·

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.)

·

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.

 

 

 

 

 

First Trust Multi-Manager Large Growth ETF (MMLG)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 97.3%
		Aerospace & Defense — 0.7%
3,300		Raytheon Technologies Corp.		$	325,776
		Automobiles — 0.7%
1,833		Tesla, Inc. (a)			356,885
		Beverages — 1.6%
1,395		Constellation Brands, Inc., Class A			359,003
3,984		Monster Beverage Corp. (a)			409,794
					768,797
		Biotechnology — 1.5%
4,503		Sarepta Therapeutics, Inc. (a)			553,013
1,315		Seagen, Inc. (a)			159,628
					712,641
		Building Products — 1.0%
2,583		Fortune Brands Home & Security, Inc.			168,773
5,188		Johnson Controls International PLC			344,691
					513,464
		Chemicals — 0.7%
1,444		Sherwin-Williams (The) Co.			359,816
		Commercial Services & Supplies — 0.5%
1,748		Republic Services, Inc.			243,479
		Communications Equipment — 0.8%
1,508		Motorola Solutions, Inc.			410,478
		Construction & Engineering — 0.6%
5,900		WillScot Mobile Mini Holdings Corp. (a)			284,439
		Consumer Finance — 0.8%
2,338		American Express Co.			368,445
		Electronic Equipment, Instruments & Components — 1.7%
3,549		Amphenol Corp., Class A			285,446
1,854		CDW Corp.			349,739
5,095		Corning, Inc.			173,892
					809,077
		Entertainment — 5.9%
3,766		Netflix, Inc. (a)			1,150,626
13,456		Sea Ltd., ADR (a)			785,427
1,940		Walt Disney (The) Co. (a)			189,868
22,402		Warner Music Group Corp., Class A			767,716
					2,893,637
		Equity Real Estate Investment Trusts — 0.9%
1,103		Alexandria Real Estate Equities, Inc.			171,638
3,711		Equity LifeStyle Properties, Inc.			246,484
					418,122

 

Shares		Description		Value
		Common Stocks (Continued)
		Health Care Equipment & Supplies — 7.3%
2,293		Align Technology, Inc. (a)		$	450,941
3,597		Baxter International, Inc.			203,339
17,994		Dexcom, Inc. (a)			2,092,342
5,190		Edwards Lifesciences Corp. (a)			400,928
3,385		Hologic, Inc. (a)			257,802
686		Teleflex, Inc.			160,606
					3,565,958
		Health Care Providers & Services — 2.3%
684		Laboratory Corp. of America Holdings			164,639
11,723		R1 RCM, Inc. (a)			106,093
1,526		UnitedHealth Group, Inc.			835,882
					1,106,614
		Hotels, Restaurants & Leisure — 2.3%
5,440		Airbnb, Inc., Class A (a)			555,642
85		Booking Holdings, Inc. (a)			176,753
237		Chipotle Mexican Grill, Inc. (a)			385,589
					1,117,984
		Insurance — 0.7%
1,568		Chubb Ltd.			344,317
		Interactive Media & Services — 4.7%
12,467		Alphabet, Inc., Class A (a)			1,259,042
3,432		Alphabet, Inc., Class C (a)			348,176
13,342		Match Group, Inc. (a)			674,572
					2,281,790
		Internet & Direct Marketing Retail — 7.0%
30,297		Amazon.com, Inc. (a)			2,924,872
8,631		DoorDash, Inc., Class A (a)			502,756
					3,427,628
		IT Services — 15.0%
18,493		Block, Inc. (a)			1,253,271
13,509		Cloudflare, Inc., Class A (a)			663,832
2,280		Concentrix Corp.			279,026
1,080		FleetCor Technologies, Inc. (a)			211,896
1,678		Global Payments, Inc.			174,143
1,688		GoDaddy, Inc., Class A (a)			133,571
1,958		Mastercard, Inc., Class A			697,831
22,904		Shopify, Inc., Class A (a)			936,316
5,030		Snowflake, Inc., Class A (a)			718,787
10,341		Visa, Inc., Class A			2,243,997
					7,312,670
		Life Sciences Tools & Services — 1.8%
6,858		10X Genomics, Inc., Class A (a)			265,130
950		Danaher Corp.			259,740

 

 

First Trust Multi-Manager Large Growth ETF (MMLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Life Sciences Tools & Services (Continued)
667		Thermo Fisher Scientific, Inc.		$	373,667
					898,537
		Machinery — 1.1%
1,225		Deere & Co.			540,225
		Media — 0.8%
999		Charter Communications, Inc., Class A (a)			390,899
		Oil, Gas & Consumable Fuels — 0.5%
1,053		Pioneer Natural Resources Co.			248,497
		Personal Products — 0.9%
1,828		Estee Lauder (The) Cos., Inc., Class A			431,024
		Pharmaceuticals — 1.4%
1,895		Eli Lilly & Co.			703,197
		Professional Services — 2.7%
16,230		CoStar Group, Inc. (a)			1,315,279
		Road & Rail — 1.9%
31,714		Uber Technologies, Inc. (a)			924,146
		Semiconductors & Semiconductor Equipment — 6.4%
3,574		Advanced Micro Devices, Inc. (a)			277,450
2,547		Entegris, Inc.			196,858
1,687		Lam Research Corp.			796,905
4,542		Marvell Technology, Inc.			211,294
6,701		NVIDIA Corp.			1,134,010
2,709		Texas Instruments, Inc.			488,866
					3,105,383
		Software — 15.1%
5,995		Atlassian Corp., Class A (a)			788,642
5,803		Datadog, Inc., Class A (a)			439,751
2,499		Intuit, Inc.			1,018,568
8,319		Microsoft Corp.			2,122,510
1,681		Palo Alto Networks, Inc. (a)			285,602
472		Paycom Software, Inc. (a)			160,055
2,211		Salesforce, Inc. (a)			354,313
5,344		ServiceNow, Inc. (a)			2,224,707
					7,394,148
		Specialty Retail — 2.3%
8,002		Floor & Decor Holdings, Inc., Class A (a)			597,189
6,889		TJX (The) Cos., Inc.			551,465
					1,148,654
		Technology Hardware, Storage & Peripherals — 4.0%
12,070		Apple, Inc.			1,786,722

 

Shares		Description		Value
		Common Stocks (Continued)
		Technology Hardware, Storage & Peripherals (Continued)
2,272		NetApp, Inc.		$	153,610
					1,940,332
		Textiles, Apparel & Luxury Goods — 1.7%
885		Lululemon Athletica, Inc. (a)			336,574
4,334		NIKE, Inc., Class B			475,397
					811,971
		Total Common Stocks — 97.3%			47,474,309
		(Cost $68,338,953)
		Money Market Funds — 2.7%
1,313,066		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			1,313,066
		(Cost $1,313,066)
		Total Investments — 100.0%			48,787,375
		(Cost $69,652,019)
		Net Other Assets and Liabilities — 0.0%			2,310
		Net Assets — 100.0%		$	48,789,685

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

ADR

-

American Depositary Receipt

 

 

First Trust Multi-Manager Large Growth ETF (MMLG)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:   • Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.   • 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.)   • Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.   The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows:

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	47,474,309			$	47,474,309			$	—			$	—
Money Market Funds			1,313,066				1,313,066				—				—
Total Investments		$	48,787,375			$	48,787,375			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 98.9%
		Banks — 8.7%
4,990		Signature Bank		$	696,105
27,504		Silvergate Capital Corp., Class A (a)			754,435
					1,450,540
		Capital Markets — 35.3%
107		BlackRock, Inc.			76,612
55,458		Coinbase Global, Inc., Class A (a)			2,536,094
709,455		Galaxy Digital Holdings Ltd. (CAD) (a)			2,273,167
5,659		Interactive Brokers Group, Inc., Class A			454,418
59,857		Robinhood Markets, Inc., Class A (a)			574,029
					5,914,320
		Consumer Finance — 3.5%
122,235		SoFi Technologies, Inc. (a)			590,395
		Interactive Media & Services — 6.6%
5,464		Alphabet, Inc., Class C (a)			554,323
4,665		Meta Platforms, Inc., Class A (a)			550,936
					1,105,259
		Internet & Direct Marketing Retail — 2.2%
301		MercadoLibre, Inc. (a)			280,227
3,420		Overstock.com, Inc. (a)			91,040
					371,267
		IT Services — 15.5%
11,026		Block, Inc. (a)			747,232
1,675		Cloudflare, Inc., Class A (a)			82,309
1,427		Mastercard, Inc., Class A			508,583
7,811		PayPal Holdings, Inc. (a)			612,461
3,253		Shopify, Inc., Class A (a)			132,983
2,346		Visa, Inc., Class A			509,082
					2,592,650
		Semiconductors & Semiconductor Equipment — 5.2%
6,735		Advanced Micro Devices, Inc. (a)			522,838
130		ASML Holding N.V.			79,056
1,059		Microchip Technology, Inc.			83,862
584		NVIDIA Corp.			98,830
477		Texas Instruments, Inc.			86,080
					870,666
		Software — 21.9%
507		Bill.com Holdings, Inc. (a)			61,053
2,939		HashiCorp, Inc., Class A (a)			80,234
278		HubSpot, Inc. (a)			84,242
11,821		Marathon Digital Holdings, Inc. (a)			74,709
15,801		MicroStrategy, Inc., Class A (a)			3,130,020
15,452		Riot Blockchain, Inc. (a)			71,852

 

Shares		Description		Value
		Common Stocks (Continued)
		Software (Continued)
4,184		Unity Software, Inc. (a)		$	165,310
					3,667,420
		Total Common Stocks — 98.9%			16,562,517
		(Cost $38,554,398)
		Money Market Funds — 0.1%
10,811		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (b)			10,811
		(Cost $10,811)
		Total Investments — 99.0%			16,573,328
		(Cost $38,565,209)
		Net Other Assets and Liabilities — 1.0%			166,440
		Net Assets — 100.0%		$	16,739,768

 

(a)	Non-income producing security.
(b)	Rate shown reflects yield as of November 30, 2022.

 

Currency Abbreviation:

CAD - Canadian Dollar

 

 

 

 

 

Country Allocation*		% of Total Long-Term Investments
United States			85.0	%
Cayman Islands			13.7
Canada			0.8
Netherlands			0.5
Total			100.0	%
* Portfolio securities are categorized based upon their country of incorporation.

 

 

First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:   • Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.   • 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.)   • Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.   The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.   A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows:

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks*		$	16,562,517			$	16,562,517			$	—			$	—
Money Market Funds			10,811				10,811				—				—
Total Investments		$	16,573,328			$	16,573,328			$	—			$	—
* See Portfolio of Investments for industry breakout.

 

 

 

 

 

 

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

Portfolio of Investments

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks — 97.2%
		Aerospace & Defense — 4.0%
199		AeroVironment, Inc. (a)		$	18,306
209		Axon Enterprise, Inc. (a)			38,462
106		HEICO Corp., Class A			13,439
897		Kratos Defense & Security Solutions, Inc. (a)			8,540
831		Leonardo DRS, Inc. (a)			8,401
122		Parsons Corp. (a)			6,039
					93,187
		Air Freight & Logistics — 0.4%
123		Hub Group, Inc., Class A (a)			10,350
		Auto Components — 1.4%
45		Fox Factory Holding Corp. (a)			4,774
79		Gentherm, Inc. (a)			5,656
150		Visteon Corp. (a)			22,020
					32,450
		Banks — 0.3%
141		Hancock Whitney Corp.			7,732
		Beverages — 3.6%
230		Celsius Holdings, Inc. (a)			25,608
692		Duckhorn Portfolio (The), Inc. (a)			11,114
366		MGP Ingredients, Inc.			45,772
					82,494
		Biotechnology — 5.8%
92		Apellis Pharmaceuticals, Inc. (a)			4,594
507		Crinetics Pharmaceuticals, Inc. (a)			9,060
135		Cytokinetics, Inc. (a)			5,737
793		Exelixis, Inc. (a)			13,544
746		Halozyme Therapeutics, Inc. (a)			42,716
28		Karuna Therapeutics, Inc. (a)			6,589
200		Merus N.V. (a)			3,070
402		Nuvalent, Inc., Class A (a)			13,218
361		Relay Therapeutics, Inc. (a)			6,707
143		Vaxcyte, Inc. (a)			6,587
589		Xenon Pharmaceuticals, Inc. (a)			21,722
					133,544
		Building Products — 0.8%
38		AAON, Inc.			3,012
311		AZEK (The) Co., Inc. (a)			6,015
203		Trex Co., Inc. (a)			9,315
					18,342
		Capital Markets — 0.9%
23		MarketAxess Holdings, Inc.			6,162
107		Piper Sandler Cos.			15,372
					21,534
		Chemicals — 1.2%
276		Aspen Aerogels, Inc. (a)			3,329
95		Balchem Corp.			13,376

 

Shares		Description		Value
		Common Stocks (Continued)
		Chemicals (Continued)
371		Livent Corp. (a)		$	10,384
					27,089
		Commercial Services & Supplies — 2.1%
373		Driven Brands Holdings, Inc. (a)			11,343
299		Montrose Environmental Group, Inc. (a)			13,802
160		Ritchie Bros Auctioneers, Inc.			8,776
87		Tetra Tech, Inc.			13,449
					47,370
		Communications Equipment — 3.0%
417		Calix, Inc. (a)			29,732
97		Clearfield, Inc. (a)			12,767
215		Digi International, Inc. (a)			9,131
559		Extreme Networks, Inc. (a)			11,722
404		Harmonic, Inc. (a)			6,198
					69,550
		Construction & Engineering — 4.8%
337		Ameresco, Inc., Class A (a)			22,080
115		Comfort Systems USA, Inc.			14,577
115		Dycom Industries, Inc. (a)			10,481
92		EMCOR Group, Inc.			14,251
351		Fluor Corp. (a)			11,797
36		Valmont Industries, Inc.			12,192
550		WillScot Mobile Mini Holdings Corp. (a)			26,516
					111,894
		Consumer Finance — 2.6%
144		Encore Capital Group, Inc. (a)			7,258
1,529		EZCORP, Inc., Class A (a)			15,321
248		FirstCash Holdings, Inc.			23,277
445		PRA Group, Inc. (a)			15,299
					61,155
		Diversified Consumer Services — 0.4%
119		Bright Horizons Family Solutions, Inc. (a)			8,830
		Diversified Telecommunication Services — 0.5%
221		Iridium Communications, Inc. (a)			11,735
		Electrical Equipment — 0.7%
536		Shoals Technologies Group, Inc., Class A (a)			15,528
		Electronic Equipment, Instruments & Components — 2.6%
98		Badger Meter, Inc.			11,350
162		Cognex Corp.			8,064
109		Fabrinet (a)			14,542
265		National Instruments Corp.			10,870

 

 

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Electronic Equipment, Instruments & Components (Continued)
589		nLight, Inc. (a)		$	6,397
73		Plexus Corp. (a)			8,046
					59,269
		Energy Equipment & Services — 1.9%
256		Cactus, Inc., Class A			13,924
106		ChampionX Corp.			3,269
322		Patterson-UTI Energy, Inc.			5,780
320		ProFrac Holding Corp., Class A (a)			7,545
1,009		TechnipFMC PLC (a)			12,512
					43,030
		Entertainment — 0.4%
120		World Wrestling Entertainment, Inc., Class A			9,586
		Equity Real Estate Investment Trusts — 0.4%
95		Ryman Hospitality Properties, Inc.			8,695
		Food & Staples Retailing — 1.3%
499		Chefs’ Warehouse (The), Inc. (a)			19,386
169		Performance Food Group Co. (a)			10,306
					29,692
		Food Products — 1.1%
464		Hostess Brands, Inc. (a)			12,250
791		Mission Produce, Inc. (a)			12,569
					24,819
		Health Care Equipment & Supplies — 5.3%
207		Axonics, Inc. (a)			14,175
95		Inari Medical, Inc. (a)			6,990
66		Inspire Medical Systems, Inc. (a)			15,944
26		Insulet Corp. (a)			7,784
72		iRhythm Technologies, Inc. (a)			7,852
77		Lantheus Holdings, Inc. (a)			4,780
480		Neogen Corp. (a)			7,949
189		NuVasive, Inc. (a)			7,341
174		Omnicell, Inc. (a)			8,980
197		PROCEPT BioRobotics Corp. (a)			8,451
41		Shockwave Medical, Inc. (a)			10,398
70		STAAR Surgical Co. (a)			3,998
225		Tandem Diabetes Care, Inc. (a)			9,461
142		TransMedics Group, Inc. (a)			8,785
					122,888
		Health Care Providers & Services — 2.9%
306		Acadia Healthcare Co., Inc. (a)			27,252
151		AMN Healthcare Services, Inc. (a)			18,679
270		HealthEquity, Inc. (a)			17,140
95		Option Care Health, Inc. (a)			2,860
					65,931

 

Shares		Description		Value
		Common Stocks (Continued)
		Health Care Technology — 0.6%
334		HealthStream, Inc. (a)		$	8,484
248		Schrodinger, Inc. (a)			4,464
					12,948
		Hotels, Restaurants & Leisure — 4.2%
137		Dave & Buster’s Entertainment, Inc. (a)			5,433
388		Everi Holdings, Inc. (a)			6,487
220		Papa John’s International, Inc.			18,317
710		Playa Hotels & Resorts N.V. (a)			4,367
92		Texas Roadhouse, Inc.			9,137
262		Wingstop, Inc.			43,364
497		Xponential Fitness, Inc., Class A (a)			11,004
					98,109
		Insurance — 2.9%
101		Kinsale Capital Group, Inc.			31,129
182		Palomar Holdings, Inc. (a)			11,419
49		RenaissanceRe Holdings Ltd.			9,256
375		Ryan Specialty Holdings, Inc. (a)			15,105
					66,909
		Internet & Direct Marketing Retail — 1.5%
1,403		aka Brands Holding Corp. (a)			2,525
923		Farfetch Ltd., Class A (a)			7,846
370		Revolve Group, Inc. (a)			9,775
321		Xometry, Inc., Class A (a)			13,556
					33,702
		IT Services — 2.9%
64		ExlService Holdings, Inc. (a)			11,981
206		Flywire Corp. (a)			4,468
78		Globant S.A. (a)			14,616
172		Maximus, Inc.			12,092
1,546		Payoneer Global, Inc. (a)			8,348
205		Toast, Inc., Class A (a)			3,764
68		WEX, Inc. (a)			11,501
					66,770
		Life Sciences Tools & Services — 3.5%
246		Alpha Teknova, Inc. (a)			1,161
221		Azenta, Inc.			13,307
270		BioLife Solutions, Inc. (a)			5,716
160		Bio-Techne Corp.			13,598
71		ICON PLC (a)			15,296
42		Medpace Holdings, Inc. (a)			8,815
597		OmniAb, Inc. (a)			2,113
46		OmniAb, Inc. (a) (b) (c) (d)			0
46		OmniAb, Inc. (a) (b) (c) (d)			0
106		Repligen Corp. (a)			18,957

 

 

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Life Sciences Tools & Services (Continued)
71		Syneos Health, Inc. (a)		$	2,505
					81,468
		Machinery — 3.6%
131		Chart Industries, Inc. (a)			18,732
284		Evoqua Water Technologies Corp. (a)			12,351
225		Kornit Digital Ltd. (a)			5,769
71		Lindsay Corp.			12,531
75		RBC Bearings, Inc. (a)			17,773
249		Shyft Group (The), Inc.			6,108
158		SPX Technologies, Inc. (a)			10,570
					83,834
		Marine — 0.2%
75		Kirby Corp. (a)			5,234
		Metals & Mining — 0.8%
440		ATI, Inc. (a)			13,424
180		MP Materials Corp. (a)			5,985
					19,409
		Oil, Gas & Consumable Fuels — 5.1%
525		Cameco Corp.			12,800
128		Civitas Resources, Inc.			8,622
72		Denbury, Inc. (a)			6,463
191		Excelerate Energy, Inc., Class A			5,417
432		Golar LNG Ltd. (a)			10,830
625		Magnolia Oil & Gas Corp., Class A			16,300
294		Matador Resources Co.			19,510
1,771		Southwestern Energy Co. (a)			12,255
747		Viper Energy Partners, L.P.			24,673
					116,870
		Personal Products — 1.6%
764		BellRing Brands, Inc. (a)			19,031
324		elf Beauty, Inc. (a)			17,807
					36,838
		Pharmaceuticals — 2.7%
108		Axsome Therapeutics, Inc. (a)			7,807
392		DICE Therapeutics, Inc. (a)			13,646
122		Ligand Pharmaceuticals, Inc. (a)			8,894
272		Pacira BioSciences, Inc. (a)			13,124
419		Supernus Pharmaceuticals, Inc. (a)			15,386
157		Ventyx Biosciences, Inc. (a)			4,551
					63,408
		Professional Services — 1.3%
1		Exponent, Inc.			103
58		FTI Consulting, Inc. (a)			10,024
115		ICF International, Inc.			12,463
142		KBR, Inc.			7,337
					29,927

 

Shares		Description		Value
		Common Stocks (Continued)
		Road & Rail — 0.2%
17		Saia, Inc. (a)		$	4,141
		Semiconductors & Semiconductor Equipment — 4.5%
160		Ambarella, Inc. (a)			11,872
186		Axcelis Technologies, Inc. (a)			14,854
195		Impinj, Inc. (a)			24,872
118		Lattice Semiconductor Corp. (a)			8,594
262		Maxeon Solar Technologies Ltd. (a)			6,031
146		Onto Innovation, Inc. (a)			11,673
127		Power Integrations, Inc.			10,221
118		Rambus, Inc. (a)			4,529
58		Semtech Corp. (a)			1,783
72		Silicon Laboratories, Inc. (a)			10,471
					104,900
		Software — 9.7%
25		Aspen Technology, Inc. (a)			5,813
301		Box, Inc., Class A (a)			8,262
426		Clear Secure, Inc., Class A			13,240
225		CyberArk Software Ltd. (a)			33,541
120		Descartes Systems Group (The), Inc. (a)			8,334
492		EngageSmart, Inc. (a)			8,349
292		Envestnet, Inc. (a)			17,234
117		Five9, Inc. (a)			7,501
119		Guidewire Software, Inc. (a)			7,058
188		Manhattan Associates, Inc. (a)			23,677
193		Model N, Inc. (a)			7,504
55		Paylocity Holding Corp. (a)			11,981
372		PROS Holdings, Inc. (a)			8,861
215		Q2 Holdings, Inc. (a)			5,848
103		Qualys, Inc. (a)			12,702
240		Rapid7, Inc. (a)			7,056
179		SPS Commerce, Inc. (a)			25,465
11		Tyler Technologies, Inc. (a)			3,770
331		Varonis Systems, Inc. (a)			7,030
					223,226
		Specialty Retail — 1.8%
31		Five Below, Inc. (a)			4,987
96		Floor & Decor Holdings, Inc., Class A (a)			7,164
363		Leslie’s, Inc. (a)			5,300
57		Murphy USA, Inc.			16,861
665		Sportsman’s Warehouse Holdings, Inc. (a)			6,530
					40,842
		Textiles, Apparel & Luxury Goods — 0.2%
39		Crocs, Inc. (a)			3,939
		Trading Companies & Distributors — 1.5%
103		Applied Industrial Technologies, Inc.			13,646
357		Core & Main, Inc., Class A (a)			7,426

 

 

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Shares		Description		Value
		Common Stocks (Continued)
		Trading Companies & Distributors (Continued)
105		SiteOne Landscape Supply, Inc. (a)		$	13,181
					34,253
		Total Common Stocks — 97.2%			2,243,421
		(Cost $2,279,436)
		Money Market Funds — 2.8%
64,692		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.58% (e)			64,692
		(Cost $64,692)
		Total Investments — 100.0%			2,308,113
		(Cost $2,344,128)
		Net Other Assets and Liabilities — (0.0)%			(975	)
		Net Assets — 100.0%		$	2,307,138

 

(a)	Non-income producing security.
(b)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At November 30, 2022, securities noted as such are valued at $0 or 0.0% of net assets.
(c)	This security’s value was determined using significant unobservable inputs (see Valuation Inputs).
(d)	Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by First Trust Advisors, L.P., the Fund’s Advisor.
(e)	Rate shown reflects yield as of November 30, 2022.

 

 

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

Portfolio of Investments (Continued)

November 30, 2022 (Unaudited)

 

Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:   • Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.   • Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yields curves, or valuations derived from observable market data.)   • Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.   The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.   A summary of the inputs used to value the Fund’s investments as of November 30, 2022 is as follows:

		Total Value at 11/30/2022				Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs
Common Stocks:
Life Sciences Tools & Services		$	81,468			$	81,468			$	—			$	—	**
Other Industry Categories*			2,161,953				2,161,953				—				—
Money Market Funds			64,692				64,692				—				—
Total Investments		$	2,308,113			$	2,308,113			$	—			$	—	**

  

*		See Portfolio of Investments for industry breakout.
**		Investment is valued at $0.

                                 

Level 3 Common Stocks are fair valued by the Advisor’s Pricing Committee and are footnoted in the Portfolio of Investments.
Level 3 Common Stocks values are based on unobservable and non-quantitative inputs.