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“Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTXO</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXO 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Nasdaq Bank ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>68</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 68 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 21.39% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Nasdaq US Benchmark Banks<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">™</sup> Index, which returned 22.70% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, the Fund allocated investments between two sub-industries. Diversified Banks received an average weight of 50.6% and contributed 13.4% to the Fund’s overall return, while Regional Banks received an average weight of 49.0% and contributed 8.6% to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661552.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (9/20/16)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Nasdaq Bank ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">21.39<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.68<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.08<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Smart Banks<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">22.10<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.33<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.79<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark Banks<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">22.70<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.17<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">12.71<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Bank ETF 0.2139 0.0568 0.0908 Nasdaq US Smart BanksTM Index 0.2210 0.0633 0.0979 Nasdaq US Benchmark BanksTM Index 0.2270 0.1017 0.1271 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTXO</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>323,635,179</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">50</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>1,869,379</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">49<span>%</span></td> </tr> </table> 323635179 50 1869379 0.49 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Citigroup, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">JPMorgan Chase &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Bank of America Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Wells Fargo &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Truist Financial Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">PNC Financial Services Group (The), Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Citizens Financial Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">M&amp;T Bank Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">U.S. Bancorp</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Citizens BancShares, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661562.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Citigroup, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">JPMorgan Chase &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Bank of America Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Wells Fargo &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Truist Financial Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">PNC Financial Services Group (The), Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Citizens Financial Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">M&amp;T Bank Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">U.S. Bancorp</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Citizens BancShares, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> </table> 0.083 0.079 0.079 0.079 0.076 0.040 0.039 0.039 0.039 0.033 First Trust Nasdaq Food & Beverage ETF First Trust Nasdaq Food & Beverage ETF FTXG This annual shareholder report contains important information about the First Trust Nasdaq Food &amp; Beverage ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTXG</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXG 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Nasdaq Food &amp; Beverage ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>60</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 60 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned -3.64% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Nasdaq US Benchmark Food, Beverage and Tobacco™ Index, which returned 4.24% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the Food Products industry received the greatest allocation of any industry, with an average weight of 59.3%, and contributed -4.2% to the Fund’s overall return, the largest negative contribution of any industry. With an average weight of 5.5%, investments in the Chemicals industry contributed 1.5% to the Fund’s overall return, the largest positive contribution of any industry. </div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661594.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (9/20/16)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Nasdaq Food &amp; Beverage ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-3.64<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-0.36<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.15<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Smart Food &amp; Beverage<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-3.12<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">0.22<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.78<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark Food, Beverage and Tobacco<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.24<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.19<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.28<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Food & Beverage ETF -0.0364 -0.0036 0.0315 Nasdaq US Smart Food & BeverageTM Index -0.0312 0.0022 0.0378 Nasdaq US Benchmark Food, Beverage and TobaccoTM Index 0.0424 0.0619 0.0728 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTXG</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>18,810,565</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">32</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>135,047</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">30<span>%</span></td> </tr> </table> 18810565 32 135047 0.30 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Archer-Daniels-Midland Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Mondelez International, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Coca-Cola (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">PepsiCo, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Kraft Heinz (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Corteva, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tyson Foods, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Constellation Brands, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hershey (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Keurig Dr Pepper, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661604.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Archer-Daniels-Midland Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Mondelez International, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Coca-Cola (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">PepsiCo, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Kraft Heinz (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Corteva, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tyson Foods, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Constellation Brands, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hershey (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Keurig Dr Pepper, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> </table> 0.090 0.080 0.080 0.078 0.078 0.045 0.042 0.041 0.038 0.037 First Trust Nasdaq Oil & Gas ETF First Trust Nasdaq Oil & Gas ETF FTXN This annual shareholder report contains important information about the First Trust Nasdaq Oil &amp; Gas ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTXN</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXN 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Nasdaq Oil &amp; Gas ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>70</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 70 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 31.05% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Nasdaq US Benchmark Energy™ Index, which returned 36.72% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the Oil &amp; Gas Exploration &amp; Production sub-industry received the greatest allocation of any sub-industry, with an average weight of 41.6%, and contributed 11.8% to the Fund’s overall return, the largest positive contribution of any sub-industry. No industry made a negative<span style="white-space:nowrap"> </span>contribution to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661636.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (9/20/16)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Nasdaq Oil &amp; Gas ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">31.05<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">23.07<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.65<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Smart Oil &amp; Gas<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">31.91<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">23.87<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.35<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark Energy<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">36.72<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">23.33<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.54<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Oil & Gas ETF 0.3105 0.2307 0.0965 Nasdaq US Smart Oil & GasTM Index 0.3191 0.2387 0.1035 Nasdaq US Benchmark EnergyTM Index 0.3672 0.2333 0.1054 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTXN</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>179,657,478</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">45</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>718,178</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">30<span>%</span></td> </tr> </table> 179657478 45 718178 0.30 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments (excluding repurchase agreements held as collateral for securities lending arrangements) of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Exxon Mobil Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Chevron Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Occidental Petroleum Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">EOG Resources, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Venture Global, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Marathon Petroleum Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Diamondback Energy, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Devon Energy Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Valero Energy Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661646.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Exxon Mobil Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Chevron Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Occidental Petroleum Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">EOG Resources, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Venture Global, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Marathon Petroleum Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Diamondback Energy, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Devon Energy Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Valero Energy Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> </table> 0.080 0.076 0.076 0.060 0.054 0.051 0.042 0.039 0.037 0.033 First Trust Nasdaq Pharmaceuticals ETF First Trust Nasdaq Pharmaceuticals ETF FTXH This annual shareholder report contains important information about the First Trust Nasdaq Pharmaceuticals ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTXH</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXH 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Nasdaq Pharmaceuticals ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>69</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 69 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 26.44% during the 12 months ended March 31, 2026. The Fund outperformed its benchmark, the Nasdaq US Benchmark Pharmaceuticals™ Index, which returned 20.04% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, the Fund allocated over 90% of its assets across 2 industries: Pharmaceuticals and Biotechnology. Investments in the Pharmaceuticals industry received the greatest allocation of any industry, with an average weight of 47.5%, and contributed 10.4% to the Fund’s overall return. With an average weight of 43.8%, investments in the Biotechnology industry contributed 12.3% to the Fund’s overall return, the<span style="white-space:nowrap"> </span>largest positive<span style="white-space:nowrap"> </span>contribution of any industry. No industry made a negative contribution to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661678.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (9/20/16)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Nasdaq Pharmaceuticals ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">26.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.59<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.13<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Smart Pharmaceuticals<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">27.32<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.31<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.83<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark Pharmaceuticals<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">20.04<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">14.72<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.06<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Pharmaceuticals ETF 0.2644 0.0759 0.0713 Nasdaq US Smart PharmaceuticalsTM Index 0.2732 0.0831 0.0783 Nasdaq US Benchmark PharmaceuticalsTM Index 0.2004 0.1472 0.1306 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTXH</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>29,175,335</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">51</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>114,842</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">35<span>%</span></td> </tr> </table> 29175335 51 114842 0.35 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Johnson &amp; Johnson</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Bristol-Myers Squibb Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Merck &amp; Co., Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">AbbVie, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Pfizer, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Regeneron Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Biogen, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Gilead Sciences, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Cardinal Health, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.5<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661688.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Johnson &amp; Johnson</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Bristol-Myers Squibb Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Merck &amp; Co., Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">AbbVie, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Pfizer, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Regeneron Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Biogen, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Gilead Sciences, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Cardinal Health, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.5<span>%</span></td> </tr> </table> 0.075 0.074 0.074 0.071 0.066 0.038 0.037 0.036 0.035 0.035 First Trust Nasdaq Semiconductor ETF First Trust Nasdaq Semiconductor ETF FTXL This annual shareholder report contains important information about the First Trust Nasdaq Semiconductor ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTXL</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXL 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Nasdaq Semiconductor ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>89</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.60<span>%</span></td> </tr> </table> 89 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 95.77% during the 12 months ended March 31, 2026. The Fund outperformed its benchmark, the Nasdaq US Benchmark Semiconductors™ Index, which returned 67.20% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the Semiconductors sub-industry received the greatest allocation of any sub-industry, with an average weight of 72.2%, and contributed 61.9% to the Fund’s overall return, the<span style="white-space:nowrap"> </span>largest positive contribution<span style="white-space:nowrap"> </span>of any sub-industry. No sub-industry<span style="white-space:nowrap"> </span>made a negative contribution to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661762.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (9/20/16)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Nasdaq Semiconductor ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">95.77<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.57<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">24.14<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Smart Semiconductor<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">97.10<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.32<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">24.94<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark Semiconductors<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">67.20<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">35.12<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">32.20<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq US Benchmark<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Semiconductor ETF 0.9577 0.1857 0.2414 Nasdaq US Smart SemiconductorTM Index 0.9710 0.1932 0.2494 Nasdaq US Benchmark SemiconductorsTM Index 0.6720 0.3512 0.3220 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTXL</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>1,484,597,387</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">35</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>4,323,980</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">43<span>%</span></td> </tr> </table> 1484597387 35 4323980 0.43 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Intel Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">QUALCOMM, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Micron Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Marvell Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Advanced Micro Devices, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">KLA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">ON Semiconductor Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Applied Materials, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661772.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Intel Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">QUALCOMM, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Micron Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Marvell Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Advanced Micro Devices, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">KLA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">ON Semiconductor Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Applied Materials, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> </table> 0.082 0.081 0.081 0.076 0.069 0.051 0.043 0.040 0.039 0.038 First Trust Nasdaq Transportation ETF First Trust Nasdaq Transportation ETF FTXR This annual shareholder report contains important information about the First Trust Nasdaq Transportation ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/FTXR</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTXR 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust Nasdaq Transportation ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>69</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.60<span>%</span></td> </tr> </table> 69 0.0060 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned 30.11% during the 12 months ended March 31, 2026. The Fund outperformed its benchmark, the Nasdaq US Benchmark Industrial Transportation™ Index, which returned 22.98% for the same Period.</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Automobiles industry received the greatest allocation of any industry, with an average weight of 26.3%, and contributed 10.7% to the Fund’s overall return, the largest positive contribution of any industry. Investments in the Distributors industry contributed <br/>-0.4% to the Fund’s overall return, the largest negative contribution of any industry, and held an average weight of 2.4%.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661804.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(9/20/16)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust Nasdaq Transportation ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.11<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.78<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.57<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq US Smart Transportation<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.96<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.23<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.12<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq US Benchmark Industrial Transportation<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.98<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.48<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq US Benchmark<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.44<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.97<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.91<span>%</span></td> </tr> </table> 2016-09-20 First Trust Nasdaq Transportation ETF 0.3011 0.0478 0.0857 Nasdaq US Smart TransportationTM Index 0.3096 0.0523 0.0912 Nasdaq US Benchmark Industrial TransportationTM Index 0.2298 0.0648 0.1313 Nasdaq US BenchmarkTM Index 0.1844 0.1097 0.1391 <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/FTXR</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>838,998,003</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">45</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>593,943</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">70<span>%</span></td> </tr> </table> 838998003 45 593943 0.70 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments (excluding repurchase agreements held as collateral for securities lending arrangements) of the Fund.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">General Motors Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Tesla, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Union Pacific Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Ford Motor Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">United Parcel Service, Inc., Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Delta Air Lines, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">CSX Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">FedEx Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">PACCAR, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">United Rentals, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> </table> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661814.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">General Motors Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Tesla, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Union Pacific Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Ford Motor Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">United Parcel Service, Inc., Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Delta Air Lines, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">CSX Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">FedEx Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">PACCAR, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">United Rentals, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> </table> 0.082 0.080 0.080 0.071 0.069 0.044 0.042 0.040 0.040 0.038 First Trust S-Network E-Commerce ETF First Trust S-Network E-Commerce ETF ISHP This annual shareholder report contains important information about the First Trust S-Network E-Commerce ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/ISHP</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/ISHP 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust S-Network E-Commerce ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>59</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.61<span>%</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div> </td> </tr> </table> 59 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned -7.01% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the MSCI ACWI Index, which returned 20.01% for the same Period.</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Consumer Discretionary sector received the greatest allocation of any sector, with an average weight of 38.0%, and contributed -1.9% to the Fund’s overall return. With average weights of 13.3% and 5.4%, respectively, investments in the Industrials and Consumer Staples sectors each contributed 1.4% to the Fund’s overall return, the largest positive contributions of any sectors. Investments in the Financials sector contributed -4.1% to the Fund’s overall return, the largest negative contribution of any sector, and held an average weight of 9.2%. The Fund’s currency exposure contributed 1.1% to the Fund’s overall return.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (September 20, 2016 to March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661720.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(9/20/16)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust S-Network E-Commerce ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">-7.01<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.20<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.70<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">S-Network Global E-Commerce Index^TM(1) (2)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">-6.95<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_195_bf169f93_74e8_d8cb_acef_af7ca73eb837">N/A</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_195_1289aa01_d8cb_02a1_0029_88aabba5f898">N/A</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">MSCI ACWI Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">20.01<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.49<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.36<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(1<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">On January 26, 2022, the Fund’s underlying index changed from the Nasdaq US Smart Retail<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the S-Network Global E-Commerce Index<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup>. Therefore, performance and historical returns shown for the periods prior to January 26, 2022, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(2<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.</div> </td> </tr> </table> 2016-09-20 First Trust S-Network E-Commerce ETF -0.0701 0.0220 0.0670 S-Network Global E-Commerce IndexTM -0.0695 MSCI ACWI Index 0.2001 0.0949 0.1136 On January 26, 2022, the Fund’s underlying index changed from the Nasdaq US Smart Retail<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the S-Network Global E-Commerce Index<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup>. Therefore, performance and historical returns shown for the periods prior to January 26, 2022, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/ISHP</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>4,989,041</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">61</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>35,521</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">41<span>%</span></td> </tr> </table> 4989041 61 35521 0.41 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">FedEx Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Walmart, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">COSCO SHIPPING Holdings Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">A.P. Moller - Maersk A/S, Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Prologis, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan Mobile Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">eBay, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">SF Holding Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">JD.com, Inc., ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">DHL Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.9<span>%</span></td> </tr> </table> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661730.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">FedEx Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Walmart, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">COSCO SHIPPING Holdings Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">A.P. Moller - Maersk A/S, Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Prologis, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan Mobile Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">eBay, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">SF Holding Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">JD.com, Inc., ADR</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">DHL Group</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.9<span>%</span></td> </tr> </table> 0.023 0.022 0.022 0.022 0.021 0.020 0.020 0.020 0.020 0.019 Emerging Markets Equity Select ETF Emerging Markets Equity Select ETF RNEM This annual shareholder report contains important information about the Emerging Markets Equity Select ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/RNEM</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/RNEM 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">Emerging Markets Equity Select ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>79</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.76<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%.</div></td> </tr> </table> 79 0.0076 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%. 0.0075 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 7.96% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Nasdaq Emerging Large Mid Cap™ Index, which returned 20.88% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in India received the greatest allocation of any country, with an average weight of 36.3%, and contributed -3.2% to the Fund’s overall return, the largest negative contribution of any country. With an average weight of 8.6%, investments in Brazil contributed 3.8% to the Fund’s overall return, the largest positive contribution of any country. The Fund’s currency exposure contributed -1.0% to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (June 20, 2017 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661300.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (6/20/17)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Emerging Markets Equity Select ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.96<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.92<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq Riskalyze Emerging Markets<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.94<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.89<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">MSCI Emerging Markets Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">29.55<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.69<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.30<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Nasdaq Emerging Large Mid Cap<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">20.88<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.01<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.92<span>%</span></td> </tr> </table> 2017-06-20 Emerging Markets Equity Select ETF 0.0796 0.0480 0.0392 Nasdaq Riskalyze Emerging MarketsTM Index 0.0894 0.0680 0.0589 MSCI Emerging Markets Index 0.2955 0.0369 0.0630 Nasdaq Emerging Large Mid CapTM Index 0.2088 0.0501 0.0692 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/RNEM</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>16,227,259</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">278</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>124,636</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">64<span>%</span></td> </tr> </table> 16227259 278 124636 0.64 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">United Microelectronics Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">China Resources Pharmaceutical Group Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Novatek Microelectronics Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">China Tower Corp., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tata Consultancy Services Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Titan Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tencent Holdings Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">State Bank of India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Axis Bank Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">1.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">SBI Life Insurance Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">1.8<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661310.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">United Microelectronics Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">China Resources Pharmaceutical Group Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Novatek Microelectronics Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">China Tower Corp., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tata Consultancy Services Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Titan Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tencent Holdings Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">State Bank of India</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Axis Bank Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">1.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">SBI Life Insurance Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">1.8<span>%</span></td> </tr> </table> 0.036 0.026 0.026 0.024 0.023 0.023 0.022 0.021 0.019 0.018 First Trust S&P 500 DiversifiedDividend Aristocrats ETF First Trust S&P 500 DiversifiedDividend Aristocrats ETF KNGZ This annual shareholder report contains important information about the First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/KNGZ</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/KNGZ 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>55</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.51<span>%</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.50%.</div> </td> </tr> </table> 55 0.0051 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.50%. 0.0050 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned 15.20% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index, which returned 17.80% for the same Period.</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 33.6%, and contributed 10.4% to the Fund’s overall return, the largest positive contribution of any sector. Investments in the Consumer Staples sector contributed -0.8% to the Fund’s overall return, the largest negative contribution of any sector, and held an average weight of 5.2%.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (June 20, 2017 to March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661468.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(6/20/17)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.20<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.95<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Sector-Neutral Dividend Aristocrats <span style="white-space: nowrap;">Index</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1) (2)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.84<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_254_d056297e_c45b_5aac_2b17_c9577b82ea5d">N/A</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_254_471b0cf9_a622_a51a_7b9c_745313c1b066">N/A</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq Riskalyze US Large Cap Select Dividend<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.61<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.27<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq US 500 Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.17<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.58<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.68<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.06<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.74<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(1<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">On October 3, 2023, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large Cap Select Dividend<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Sector-Neutral Dividend Aristocrats Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(2<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.</div> </td> </tr> </table> 2017-06-20 First Trust S&P 500 Diversified Dividend Aristocrats ETF 0.1520 0.0795 0.1004 S&P 500® Sector-Neutral Dividend Aristocrats Index 0.1584 Nasdaq Riskalyze US Large Cap Select DividendTM Index 0.1880 0.0961 0.1127 Nasdaq US 500 Large CapTM Index 0.1717 0.1158 0.1368 S&P 500® Index 0.1780 0.1206 0.1374 On October 3, 2023, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large Cap Select Dividend<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Sector-Neutral Dividend Aristocrats Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/KNGZ</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>55,888,100</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">101</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>262,923</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">46<span>%</span></td> </tr> </table> 55888100 101 262923 0.46 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Verizon Communications, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Texas Instruments, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">HP, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Hewlett Packard Enterprise Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Microchip Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comcast Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">International Business Machines Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Omnicom Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Corning, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Accenture PLC, Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.5<span>%</span></td> </tr> </table> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661478.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Verizon Communications, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Texas Instruments, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">HP, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Hewlett Packard Enterprise Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Microchip Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comcast Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">International Business Machines Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Omnicom Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Corning, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Accenture PLC, Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.5<span>%</span></td> </tr> </table> 0.053 0.041 0.041 0.039 0.035 0.030 0.027 0.026 0.026 0.025 First Trust SMID Capital Strength ETF First Trust SMID Capital Strength ETF FSCS This annual shareholder report contains important information about the First Trust SMID Capital Strength ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/FSCS</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FSCS 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust SMID Capital Strength ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>62</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.61<span>%</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div> </td> </tr> </table> 62 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned 2.92% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Russell 3000<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index, which returned 18.09% for the same Period.</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 30.0%, and contributed 1.1% to the Fund’s overall return. With an average weight of 28.7%, investments in the Industrials sector contributed 1.9% to the Fund’s overall return, the largest positive contribution of any sector. Investments in the Health Care sector contributed -0.4% to the Fund’s overall return, the largest negative<span style="white-space: nowrap;"> </span>contribution of any sector, and held an average weight of 6.0%.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (June 20, 2017 to March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661384.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(6/20/17)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust SMID Capital Strength ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.92<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.26<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.30<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">The SMID Capital Strength Index<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1) (2)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.56<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_284_00e590d6_d2db_4f39_5a42_7acc678ce089">N/A</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_284_a6be8a92_4969_488c_e4b8_6b0aeb5e9f82">N/A</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq Riskalyze US Mid Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.81<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.57<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.75<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Russell 2500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">23.45<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.48<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.50<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Russell 3000<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.09<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.87<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.17<span>%</span></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(1<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">On June 7, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Mid Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to The SMID Capital Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(2<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.</div> </td> </tr> </table> 2017-06-20 First Trust SMID Capital Strength ETF 0.0292 0.0626 0.0830 The SMID Capital Strength Index 0.0356 Nasdaq Riskalyze US Mid CapTM Index 0.1181 0.0657 0.0875 Russell 2500TM Index 0.2345 0.0548 0.0950 Russell 3000® Index 0.1809 0.1087 0.1317 On June 7, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Mid Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to The SMID Capital Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/FSCS</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>56,332,976</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">101</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>288,267</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">123<span>%</span></td> </tr> </table> 56332976 101 288267 1.23 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">CF Industries Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Magnolia Oil &amp; Gas Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">A10 Networks, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Coca-Cola Consolidated, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Hamilton Insurance Group Ltd., Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Innoviva, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Pathward Financial, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">New York Times (The) Co., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Casey’s General Stores, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Ensign Group (The), Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> </table> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661394.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">CF Industries Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Magnolia Oil &amp; Gas Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">A10 Networks, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Coca-Cola Consolidated, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Hamilton Insurance Group Ltd., Class B</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Innoviva, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Pathward Financial, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">New York Times (The) Co., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Casey’s General Stores, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Ensign Group (The), Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> </table> 0.016 0.015 0.014 0.013 0.013 0.013 0.012 0.012 0.012 0.012 First Trust SMID Growth Strength ETF First Trust SMID Growth Strength ETF FSGS This annual shareholder report contains important information about the First Trust SMID Growth Strength ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/FSGS</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FSGS 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust SMID Growth Strength ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>63<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.61<span>%</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1) (2)</sup></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(2)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div> </td> </tr> </table> 63 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned 6.68% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the Russell 3000<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index, which returned 18.09% for the same Period.</div><div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Industrials sector received the greatest allocation of any sector, with an average weight of 26.0%, and contributed 5.9% to the Fund’s overall return, the largest positive contribution of any sector. Investments in the Information Technology sector contributed -2.1% to the Fund’s overall return, the largest negative<span style="white-space: nowrap;"> </span>contribution of any sector, and held an average weight of 12.0%.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (June 20, 2017 to March 31, 2026)</div><div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div><div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661426.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(6/20/17)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust SMID Growth Strength ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.68<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.46<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.38<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">The SMID Growth Strength Index<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1) (2)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.37<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_316_172ff7f8_338e_c53d_78d9_e0de51bb690b">N/A</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden:h_291_9720b858_8a40_4e3d_aa87_5adb468838a5">N/A</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq Riskalyze US Small Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">16.75<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.57<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.94<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Russell 3000<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.09<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.87<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.17<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">S&amp;P 1000<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.35<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.19<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.23<span>%</span></td> </tr> </table><table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(1<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">On December 3, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Small Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to The SMID Growth Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(2<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.</div> </td> </tr> </table> 2017-06-20 First Trust SMID Growth Strength ETF 0.0668 0.0246 0.0638 The SMID Growth Strength Index 0.0737 Nasdaq Riskalyze US Small CapTM Index 0.1675 0.0457 0.0794 Russell 3000® Index 0.1809 0.1087 0.1317 S&P 1000® Index 0.1835 0.0619 0.0923 On December 3, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Small Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to The SMID Growth Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/FSGS</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>27,758,169</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">102</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>176,199</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">135<span>%</span></td> </tr> </table> 27758169 102 176199 1.35 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments (excluding repurchase agreements held as collateral for securities lending arrangements) of the Fund.</div><div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div><table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Clear Secure, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">MasTec, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Coca-Cola Consolidated, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Stride, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">LeMaitre Vascular, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comfort Systems USA, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">New York Times (The) Co., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">ATI, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Lantheus Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Sterling Infrastructure, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> </table><div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div><div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661436.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div><table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Clear Secure, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">MasTec, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Coca-Cola Consolidated, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Stride, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">LeMaitre Vascular, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comfort Systems USA, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">New York Times (The) Co., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">ATI, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Lantheus Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Sterling Infrastructure, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> </table> 0.015 0.014 0.014 0.014 0.014 0.013 0.013 0.013 0.013 0.013 First Trust S-Network Streaming & Gaming ETF First Trust S-Network Streaming & Gaming ETF BNGE This annual shareholder report contains important information about the First Trust S-Network Streaming &amp; Gaming ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/BNGE</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/BNGE 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust S-Network Streaming &amp; Gaming ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>73</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.71<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.</div></td> </tr> </table> 73 0.0071 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. 0.0070 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 4.69% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the MSCI ACWI Index, which returned 20.01% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the United States received the greatest allocation of any country, with an average weight of 44.8%, and contributed 13.0% to the Fund’s overall return, the largest positive contribution of any country. Investments in Ireland contributed -2.7% to the Fund’s overall return, the<span style="white-space:nowrap"> </span>largest negative contribution of any country, and held an average weight of 3.9%. The Fund’s currency exposure contributed -0.2% to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (January 25, 2022 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661846.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (1/25/22)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust S-Network Streaming &amp; Gaming ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.69<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.91<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">S-Network Streaming &amp; Gaming Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.42<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.55<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">MSCI ACWI Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">20.01<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.11<span>%</span></td> </tr> </table> 2022-01-25 First Trust S-Network Streaming & Gaming ETF 0.0469 0.0591 S-Network Streaming & Gaming Index 0.0442 0.0655 MSCI ACWI Index 0.2001 0.1011 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/BNGE</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>4,557,883</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">47</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>48,067</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">27<span>%</span></td> </tr> </table> 4557883 47 48067 0.27 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments (excluding repurchase agreements held as collateral for securities lending arrangements) of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Netflix, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Electronic Arts, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Warner Bros. Discovery, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Nintendo Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Spotify Technology S.A.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Walt Disney (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Sony Group Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NetEase, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tencent Holdings Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Take-Two Interactive Software, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.3<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661856.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Netflix, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Electronic Arts, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Warner Bros. Discovery, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Nintendo Co., Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Spotify Technology S.A.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Walt Disney (The) Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Sony Group Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NetEase, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Tencent Holdings Ltd.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Take-Two Interactive Software, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.3<span>%</span></td> </tr> </table> 0.059 0.055 0.053 0.049 0.048 0.047 0.046 0.044 0.044 0.043 First Trust Balanced Income ETF First Trust Balanced Income ETF FTBI This annual shareholder report contains important information about the First Trust Balanced Income ETF (the “Fund”) for the period of May 28, 2025 (commencement of investment operations) to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTBI</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTBI 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Balanced Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>22<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1) (2)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.25<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1) (3)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(2)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">The Fund commenced investment operations on May 28, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.</div></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(3)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Annualized. </div></td> </tr> </table> 22 0.0025 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund’s inception date was May 28, 2025. The Fund returned 11.34% since its inception through March 31, 2026. The Fund underperformed its benchmark, the S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index, which returned 12.03% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, the Fund allocated investments across 14 ETFs. FTHI received the greatest allocation in the Fund, with an average weight of 19.8%, and contributed 2.3% to the Fund’s overall return, the largest positive contribution of any investment. No single investment represented a negative contribution to the Fund’s overall return.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">Investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 21.5%, and contributed 4.0% to the Fund’s overall return, the largest positive contribution of any sector. No sector made a negative contribution to the Fund’s overall return. </div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (May 28, 2025 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661972.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (5/28/25)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Balanced Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">11.34<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">12.03<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Bloomberg Moderate Allocation Income Focus Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">11.64<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Bloomberg US Aggregate Bond Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.25<span>%</span></td> </tr> </table> 2025-05-28 First Trust Balanced Income ETF 0.1134 S&P 500® Index 0.1203 Bloomberg Moderate Allocation Income Focus Index 0.1164 Bloomberg US Aggregate Bond Index 0.0525 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTBI</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>18,766,819</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">14</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>23,294</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5<span>%</span></td> </tr> </table> 18766819 14 23294 0.05 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The table below shows the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust BuyWrite Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Nasdaq BuyWrite Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Technology Dividend Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Core Investment Grade ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Smith Opportunistic Fixed Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest SMID Rising Dividend Achievers Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Dividend Aristocrats Target Income ETF<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Rising Dividend Achievers Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Gold Strategy Target Income ETF<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Limited Duration Investment Grade Corporate ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> </table> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust BuyWrite Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Nasdaq BuyWrite Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Technology Dividend Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Core Investment Grade ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Smith Opportunistic Fixed Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">7.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest SMID Rising Dividend Achievers Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Dividend Aristocrats Target Income ETF<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Rising Dividend Achievers Target Income ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">FT Vest Gold Strategy Target Income ETF<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">5.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">First Trust Limited Duration Investment Grade Corporate ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.4<span>%</span></td> </tr> </table> 0.198 0.098 0.098 0.071 0.070 0.068 0.067 0.066 0.052 0.044 First Trust Bloomberg ShareholderYield ETF First Trust Bloomberg ShareholderYield ETF SHRY This annual shareholder report contains important information about the First Trust Bloomberg Shareholder Yield ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space: nowrap; color: rgb(0, 60, 113); text-decoration-line: underline;">www.ftportfolios.com/fund-documents/etf/SHRY</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line: underline; color: rgb(0, 60, 113); font-size: 9pt; font-weight: normal; font-family: 'times new roman';">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/SHRY 1-800-621-1675 info@ftportfolios.com <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Costs paid as a percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;">First Trust Bloomberg Shareholder Yield ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>64</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.61<span>%</span><sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></td> </tr> </table> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">​<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1)</sup></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; font-size: 7.5pt; vertical-align: baseline; padding: 2.25pt 0 0 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div> </td> </tr> </table> 64 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 14pt 0px 3pt 0px;">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">The Fund returned 9.15% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index, which returned 17.80% for the same Period.</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; white-space: pre-wrap; margin: 0px 0px 10pt 0px;">During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 21.6%, and contributed -3.6% to the Fund’s overall return, the largest negative contribution of any sector. With an average weight of 9.4%, investments in the Energy sector contributed 5.6% to the Fund’s overall return, the largest positive<span style="white-space: nowrap;"> </span>contribution of any sector.</div> <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">FUND PERFORMANCE (June 20, 2017 to March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space: nowrap;"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; font-weight: bold; color: rgb(0, 0, 0); margin: 0px 0px 3pt 0px;">Investment Performance of $10,000</div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); margin-bottom: 20pt;"><img alt="Fund Performance - Growth of 10K" src="chartimages_11661342.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid; margin-bottom: 1ex;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%; padding: 6pt 3pt 3pt 1pt;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal; padding: 6pt 3pt 3pt 3pt;">Since<br/>Inception<br/>(6/20/17)</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">First Trust Bloomberg Shareholder Yield ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.15<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.24<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.10<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Bloomberg Shareholder Yield Index<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">(1) (2)</sup></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.84<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden: h_386_8a8ef806_d777_3386_eb5e_f78cc9123d00;">N/A</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); padding: 6pt 3pt 3pt 3pt;"><span class="sec-hidden" style="-sec-ix-hidden: h_386_165cb451_0dd8_162b_cf4f_316e8cd401af;">N/A</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">Nasdaq Riskalyze US Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">27.90<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.57<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.75<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal; padding: 6pt 3pt 3pt 12pt;">S&amp;P 500<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.06<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.74<span>%</span></td> </tr> </table><table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(1<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">On March 4, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the Bloomberg Shareholder Yield Index. Therefore, any Fund performance and historical returns shown above that incorporate Fund performance prior to March 4, 2024, reflect performance of the Fund based on the Nasdaq Riskalyze US Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index and are not necessarily indicative of the performance that the Fund, based on the Bloomberg Shareholder Yield Index, would have generated.</div> </td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; white-space: nowrap; text-align: left; vertical-align: top; width: 1.8em; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">(2<span>)</span></div> </td> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); font-size: 7.5pt; text-align: left; padding: 0;"> <div style="font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; font-size: 7.5pt; margin: 0px;">Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.</div> </td> </tr> </table> 2017-06-20 First Trust Bloomberg Shareholder Yield ETF 0.0915 0.0924 0.1110 Bloomberg Shareholder Yield Index 0.0984 Nasdaq Riskalyze US Large CapTM Index 0.2790 0.1157 0.1275 S&P 500® Index 0.1780 0.1206 0.1374 On March 4, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index to the Bloomberg Shareholder Yield Index. Therefore, any Fund performance and historical returns shown above that incorporate Fund performance prior to March 4, 2024, reflect performance of the Fund based on the Nasdaq Riskalyze US Large Cap<sup style="font-size: smaller; line-height: 0px; vertical-align: 3.2pt;">TM</sup> Index and are not necessarily indicative of the performance that the Fund, based on the Bloomberg Shareholder Yield Index, would have generated. <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 7.5pt 0px;"><b>Visit </b> <b> <span style="color: rgb(0, 60, 113); white-space: nowrap; text-decoration-line: underline;">www.ftportfolios.com/etf/SHRY</span> </b> <b> for more recent performance information.</b></div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 10pt 0px 3pt 0px;">KEY FUND STATISTICS (As of March 31, 2026)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>17,395,897</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">52</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>104,672</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-width: initial; border-bottom-color: initial; border-bottom-style: none;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">149<span>%</span></td> </tr> </table> 17395897 52 104672 1.49 <div style="font-family: 'times new roman'; font-size: 11.52pt; font-weight: bold; color: rgb(0, 60, 113); margin: 0px 0px 3pt 0px;">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div> <div style="font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); font-family: 'times new roman'; margin: 0px 0px 10pt 0px;">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Charter Communications, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comcast Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Cheniere Energy, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Synchrony Financial</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Chevron Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Altria Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">MetLife, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">PayPal Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Cigna Group (The)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> </table> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 3pt 0px 5pt 0px;"><b>Sector Allocation</b></div> <div style="font-family: 'times new roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0);"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661352.jpg" style="width: 172.8pt;"/> </div> <div style="font-family: 'times new roman'; font-size: 9pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; font-weight: bold; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 0px 0px;"><b>Top Ten Holdings</b></div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page; page-break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Charter Communications, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">ConocoPhillips</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Comcast Corp., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Cheniere Energy, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Synchrony Financial</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Chevron Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Altria Group, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">MetLife, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">PayPal Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding: 6pt 3pt 3pt 3pt;">Cigna Group (The)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> </table> 0.051 0.050 0.047 0.044 0.040 0.038 0.038 0.033 0.032 0.028 First Trust Indxx Medical Devices ETF First Trust Indxx Medical Devices ETF MDEV This annual shareholder report contains important information about the First Trust Indxx Medical Devices ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/MDEV</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/MDEV 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Indxx Medical Devices ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>69</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.71<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.</div></td> </tr> </table> 69 0.0071 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. 0.0070 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned -5.46% during the 12 months ended March 31, 2026. The Fund underperformed its benchmark, the MSCI World Health Care Index, which returned 4.23% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the United States received the greatest allocation of any country, with an average weight of 58.4%, and contributed -0.6% to the Fund’s overall return. With an average weight of 2.6%, investments in China contributed 1.4% to the Fund’s overall return, the largest positive contribution of any country. Investments in Germany contributed -1.6% to the Fund’s overall return, the largest negative contribution of any country, and held an average weight of 3.7%. The Fund’s currency exposure contributed 1.4% to the Fund’s overall return.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (June 22, 2021 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661510.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (6/22/21)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Indxx Medical Devices ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-5.46<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-5.66<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Indxx Medical Devices Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-5.35<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">-5.23<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">MSCI World Health Care Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.23<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.73<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">MSCI World Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">18.90<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">9.20<span>%</span></td> </tr> </table> 2021-06-22 First Trust Indxx Medical Devices ETF -0.0546 -0.0566 Indxx Medical Devices Index -0.0535 -0.0523 MSCI World Health Care Index 0.0423 0.0373 MSCI World Index 0.1890 0.0920 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/MDEV</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>1,905,994</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">50</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>14,281</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">20<span>%</span></td> </tr> </table> 1905994 50 14281 0.20 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Globus Medical, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Align Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Penumbra, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Masimo Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hoya Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hologic, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Waters Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Edwards Lifesciences Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Intuitive Surgical, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">WuXi AppTec Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661520.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Globus Medical, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Align Technology, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Penumbra, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Masimo Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hoya Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.7<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Hologic, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Waters Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Edwards Lifesciences Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Intuitive Surgical, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">WuXi AppTec Co., Ltd., Class H</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.3<span>%</span></td> </tr> </table> 0.033 0.030 0.027 0.027 0.027 0.024 0.024 0.024 0.023 0.023 First Trust Bloomberg R&D Leaders ETF First Trust Bloomberg R&D Leaders ETF RND This annual shareholder report contains important information about the First Trust Bloomberg R&amp;D Leaders ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/RND</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/RND 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust Bloomberg R&amp;D Leaders ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>68</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 68 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 21.52% during the 12 months ended March 31, 2026. The Fund outperformed its benchmark, the S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index, which returned 17.80% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 42.6%, and contributed 15.7% to the Fund’s overall return, the largest positive contribution of any sector. Investments in the Health Care sector contributed <br/> -0.6% to the Fund’s overall return, the largest negative contribution of any sector, and held an average weight of 17.5%.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (April 30, 2024 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661888.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (4/30/24)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust Bloomberg R&amp;D Leaders ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">21.52<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.03<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Bloomberg R&amp;D Leaders Select Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">22.27<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.78<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">17.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">16.01<span>%</span></td> </tr> </table> 2024-04-30 First Trust Bloomberg R&D Leaders ETF 0.2152 0.1903 Bloomberg R&D Leaders Select Index 0.2227 0.1978 S&P 500® Index 0.1780 0.1601 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/RND</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>4,108,110</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">50</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>20,765</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">46<span>%</span></td> </tr> </table> 4108110 50 20765 0.46 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Apple, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Alphabet, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Amazon.com, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Microsoft Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Netflix, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">AbbVie, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Meta Platforms, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661898.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Apple, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.3<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Alphabet, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Amazon.com, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">8.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Microsoft Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">6.8<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Netflix, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">AbbVie, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.2<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.0<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Meta Platforms, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.8<span>%</span></td> </tr> </table> 0.083 0.083 0.082 0.080 0.068 0.046 0.042 0.040 0.039 0.038 First Trust New Constructs Core Earnings Leaders ETF First Trust New Constructs Core Earnings Leaders ETF FTCE This annual shareholder report contains important information about the First Trust New Constructs Core Earnings Leaders ETF (the “Fund”) for the year of April 1, 2025 to March 31, 2026 (the “Period”). annual shareholder report You can find additional information about the Fund at <span style="white-space:nowrap;color:rgb(0, 60, 113);text-decoration-line:underline">www.ftportfolios.com/fund-documents/etf/FTCE</span>. You can also request this information by contacting us at 1-800-621-1675 or <span style="text-decoration-line:underline;color:rgb(0, 60, 113);font-size:9pt;font-weight:normal;font-family:'times new roman'">info@ftportfolios.com</span>. www.ftportfolios.com/fund-documents/etf/FTCE 1-800-621-1675 info@ftportfolios.com <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT WERE THE FUND COSTS FOR THE LAST YEAR?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom;">Fund</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom;">Costs paid as a percentage<br/> of a $10,000 investment</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: baseline;">First Trust New Constructs Core Earnings Leaders ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline;"><span style="float:none">$</span>67</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); vertical-align: baseline; white-space: nowrap;">0.61<span>%</span><sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></td> </tr> </table><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; width: 1.8em; vertical-align: top;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">​<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">(1)</sup></div></td> <td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Times New Roman'; font-weight: normal; color: rgb(0, 0, 0); text-align: left; padding-top: 2.25pt; padding-right: 0; padding-bottom: 0; padding-left: 0; font-style: normal; font-size: 7.5pt; vertical-align: baseline;"> <div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';font-size:7.5pt;">Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.</div></td> </tr> </table> 67 0.0061 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. 0.0060 <div style="margin-top:14pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">The Fund returned 19.82% during the 12 months ended March 31, 2026. The Fund outperformed its benchmark, the S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index, which returned 17.80% for the same Period.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';white-space:pre-wrap;">During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 34.2%, and contributed 14.7% to the Fund’s overall return, the largest positive contribution of any sector. Investments in the Financials sector contributed <br/> -1.7% to the Fund’s overall return, the largest negative contribution of any sector, and held an average weight of 13.0%.</div> <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">FUND PERFORMANCE (October 2, 2024 to March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as<span style="white-space:nowrap"> </span>of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.</div><div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;font-weight:bold;color:rgb(0, 0, 0);">Investment Performance of $10,000</div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);margin-bottom:20pt;"> <img alt="Fund Performance - Growth of 10K" src="chartimages_11661930.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 468pt;"/> </div> <table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid;margin-bottom:1ex"> <tr style="break-after:avoid;break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 1pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-weight: bold; vertical-align: bottom; font-style: normal; width: 60%;">Average Annual Total Returns (as of March 31, 2026)</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">1 Year</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: bottom; font-style: normal;">Since<br/> Inception<br/> (10/2/24)</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">First Trust New Constructs Core Earnings Leaders ETF</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">19.82<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">12.94<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">Bloomberg New Constructs Core Earnings Leaders Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">20.71<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">13.70<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left; font-style: normal;">S&amp;P 500<sup style="font-size:smaller;line-height:0px;vertical-align:3.2pt">®</sup> Index</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">17.80<span>%</span></td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">10.80<span>%</span></td> </tr> </table> 2024-10-02 First Trust New Constructs Core Earnings Leaders ETF 0.1982 0.1294 Bloomberg New Constructs Core Earnings Leaders Index 0.2071 0.1370 S&P 500® Index 0.1780 0.1080 <div style="margin-top:0px;margin-right:0px;margin-bottom:7.5pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';"> <b>Visit </b> <b> <span style="color:rgb(0, 60, 113);white-space:nowrap;text-decoration-line:underline">www.ftportfolios.com/etf/FTCE</span> </b> <b> for more recent performance information.</b> </div> The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <div style="margin-top:10pt;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">KEY FUND STATISTICS (As of March 31, 2026)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Fund net assets</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>63,855,616</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">101</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:0.5pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Total advisory fee paid</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;"><span style="float:none">$</span>307,669</td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-width:initial;border-bottom-color:initial;border-bottom-style:none"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; width: 60%; font-style: normal; font-weight: bold;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">110<span>%</span></td> </tr> </table> 63855616 101 307669 1.10 <div style="margin-top:0px;margin-right:0px;margin-bottom:3pt;margin-left:0px;font-family:'times new roman';font-size:11.52pt;font-weight:bold;color:rgb(0, 60, 113);">WHAT DID THE FUND INVEST IN? (As of March 31, 2026)</div><div style="margin-top:0px;margin-right:0px;margin-bottom:10pt;margin-left:0px;font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);font-family:'times new roman';">The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.</div><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Starbucks Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Meta Platforms, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">International Business Machines Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">KLA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Booking Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">JPMorgan Chase &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">General Motors Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">QUALCOMM, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> </table><div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:3pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Sector Allocation</b> </div><div style="font-family:'times new roman';font-size:9pt;font-weight:normal;color:rgb(0, 0, 0);"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11661940.jpg" style="width: 172.8pt;"/> </div> <div style="font-family:'times new roman';font-size:9pt;letter-spacing:1.25px;text-transform:uppercase;text-align:center;padding-bottom:5pt;font-weight:bold;color:rgb(0, 0, 0);margin-top:5pt;margin-right:0px;margin-bottom:0px;margin-left:0px;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;"> <b>Top Ten Holdings</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid-page;page-break-inside:avoid"> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Starbucks Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.5<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Meta Platforms, Inc., Class A</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Eli Lilly &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">4.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">International Business Machines Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">KLA Corp.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.6<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Booking Holdings, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">JPMorgan Chase &amp; Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">General Motors Co.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">3.1<span>%</span></td> </tr> <tr style="break-inside:avoid-page;page-break-inside:avoid;height:auto;border-bottom-color:initial;border-bottom-style:none;border-bottom-width:initial"> <td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">QUALCOMM, Inc.</td> <td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; font-size: 9pt; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap;">2.6<span>%</span></td> </tr> </table> 0.045 0.045 0.041 0.041 0.039 0.036 0.034 0.034 0.031 0.026 Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. On January 26, 2022, the Fund’s underlying index changed from the Nasdaq US Smart RetailTM Index to the S-Network Global E-Commerce IndexTM. Therefore, performance and historical returns shown for the periods prior to January 26, 2022, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.50%. On October 3, 2023, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large Cap Select DividendTM Index to the S&P 500® Sector-Neutral Dividend Aristocrats Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. On June 7, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Mid CapTM Index to The SMID Capital Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. On December 3, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Small CapTM Index to The SMID Growth Strength Index. Therefore, the Fund’s performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. The Fund commenced investment operations on May 28, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher. Annualized. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. On March 4, 2024, the Fund’s underlying index changed from the Nasdaq Riskalyze US Large CapTM Index to the Bloomberg Shareholder Yield Index. Therefore, any Fund performance and historical returns shown above that incorporate Fund performance prior to March 4, 2024, reflect performance of the Fund based on the Nasdaq Riskalyze US Large CapTM Index and are not necessarily indicative of the performance that the Fund, based on the Bloomberg Shareholder Yield Index, would have generated. Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.