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          <ticker value="QSG6"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00NB72ZC8"/>
        </identifiers>
        <balance>105.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>151269.83000000</valUSD>
        <pctVal>0.124104539841</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE</counterpartyName>
              <counterpartyLei>549300UF4R84F48NCH34</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LOW SULPHUR GAS OIL</issuerName>
                <issueTitle>LOW SULPHUR GAS OIL</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="INTERNAL" value="LOWSULPHURGASOIL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-02-12</expDate>
            <notionalAmt>6358730.17000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>151269.83000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE, INC.</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>NATURAL GAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="NGG26"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG005N1T0S8"/>
        </identifiers>
        <balance>207.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1564907.76000000</valUSD>
        <pctVal>-1.28387899589</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>NEW YORK MERCANTILE EXCHANGE, INC.</counterpartyName>
              <counterpartyLei>5493008GFNDTXFPHWI47</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NATURAL GAS</issuerName>
                <issueTitle>NATURAL GAS</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="NGUSHHUB"/>
                  <other otherDesc="INTERNAL" value="NATURALGAS1"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-01-28</expDate>
            <notionalAmt>9194927.76000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1564907.76000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE LONDON METAL EXCHANGE</name>
        <lei>213800NB8G5VRT1DXC91</lei>
        <title>LME ZINC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="LXH6"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00YCZ4XJ7"/>
        </identifiers>
        <balance>119.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>355274.50000000</valUSD>
        <pctVal>0.291473708537</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>THE LONDON METAL EXCHANGE</counterpartyName>
              <counterpartyLei>213800NB8G5VRT1DXC91</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LME ZINC</issuerName>
                <issueTitle>LME ZINC</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="INTERNAL" value="LMEZINC1"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-16</expDate>
            <notionalAmt>8923512.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>355274.50000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-07</ncom:dateSigned>
      <ncom:nameOfApplicant>FIRST TRUST EXCHANGE-TRADED FUND VII</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
