First Trust Exchange-Traded Fund VI
Developed International Equity Select ETF (RNDM) 

Emerging Markets Equity Select ETF (RNEM) 

Large Cap US Equity Select ETF (RNLC) 

Mid Cap US Equity Select ETF (RNMC) 

Small Cap US Equity Select ETF (RNSC) 

US Equity Dividend Select ETF (RNDV) 

Semi-Annual Report
For the Six Months Ended
September 30, 2021

 

 

Table of Contents
First Trust Exchange-Traded Fund VI
Semi-Annual Report
September 30, 2021

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Fund Performance Overview

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Portfolio of Investments

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Table of Contents
Caution Regarding Forward-Looking Statements
This report contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the goals, beliefs, plans or current expectations of First Trust Advisors L.P. (“First Trust” or the “Advisor”) and its representatives, taking into account the information currently available to them. Forward-looking statements include all statements that do not relate solely to current or historical fact. For example, forward-looking statements include the use of words such as “anticipate,” “estimate,” “intend,” “expect,” “believe,” “plan,” “may,” “should,” “would” or other words that convey uncertainty of future events or outcomes.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of any series of First Trust Exchange-Traded Fund VI (the “Trust”) described in this report (each such series is referred to as a “Fund” and collectively, the “Funds”) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. When evaluating the information included in this report, you are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of the Advisor and its representatives only as of the date hereof. We undertake no obligation to publicly revise or update these forward-looking statements to reflect events and circumstances that arise after the date hereof.
Performance and Risk Disclosure
There is no assurance that any Fund described in this report will achieve its investment objective. Each Fund is subject to market risk, which is the possibility that the market values of securities owned by the Fund will decline and that the value of the Fund’s shares may therefore be less than what you paid for them. Accordingly, you can lose money by investing in a Fund. See “Risk Considerations” in the Additional Information section of this report for a discussion of certain other risks of investing in the Funds.
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.com or speak with your financial advisor. Investment returns, net asset value and share price will fluctuate and Fund shares, when sold, may be worth more or less than their original cost.
The Advisor may also periodically provide additional information on Fund performance on each Fund’s web page at www.ftportfolios.com.
How to Read This Report
This report contains information that may help you evaluate your investment. It includes details about each Fund and presents data and analysis that provide insight into each Fund’s performance and investment approach.
By reading the market overview by Robert F. Carey, Chief Market Strategist of the Advisor, you may obtain an understanding of how the market environment affected the performance of each Fund. The statistical information that follows may help you understand each Fund’s performance compared to that of relevant market benchmarks.
It is important to keep in mind that the opinions expressed by personnel of the Advisor are just that: informed opinions. They should not be considered to be promises or advice. The opinions, like the statistics, cover the period through the date on the cover of this report. The material risks of investing in each Fund are spelled out in the prospectus, the statement of additional information, and other Fund regulatory filings.
Page 1

Table of Contents
Shareholder Letter
First Trust Exchange-Traded Fund VI
Semi-Annual Letter from the Chairman and CEO
September 30, 2021
Dear Shareholders,
First Trust is pleased to provide you with the semi-annual report for certain series of the First Trust Exchange-Traded Fund VI (the “Funds”), which contains detailed information about the Funds for the six months ended September 30, 2021.
A great deal has changed over the past 18 months. Suffice it to say that the dominant story in 2020 was the onset of the coronavirus (“COVID-19”) pandemic. It is still a huge story 20 months later, mostly due to the arrival of the Delta variant in the U.S. and the subsequent surge in cases around mid-2021. The Delta variant is twice as contagious as the previous variants, according to the Centers for Disease Control and Prevention (“CDC”). Fortunately, we have come to learn that the existing vaccines approved by the U.S. Food and Drug Administration have been effective in providing protection against the Delta variant, particularly with respect to keeping the people already vaccinated out of the intensive care unit. As I’m sure you are aware, a significant percentage of the U.S. population has chosen not to be vaccinated. These individuals have proven to be much more vulnerable to the virus and account for the lion’s share of hospitalizations, according to the CDC. While it is these individuals right to choose, unless mandated by a private company or government agency, the universe of people that have not gotten vaccinated is large enough that it has likely delayed the full economic recovery, at least on the margin, in our opinion. In the U.S., the path chosen by the federal government to help mitigate the economic fallout from the pandemic has been to inject trillions of dollars of liquidity (stimulus) into the financial system. To date, it appears to have been effective, however, it has contributed to a new and potentially ominous headwind for the economy: inflation.
The Consumer Price Index came in at 5.4% year-over-year in September 2021, the largest increase since 2008, according to data from the Bureau of Labor Statistics (“BLS”). The BLS also reported that the Producer Price Index was up 8.6% compared to a year ago, its highest level since 1981. These two barometers of inflation are clearly elevated. Why is rising inflation worth noting? It tends to reduce the purchasing power of the currency one uses over time. In the case of the U.S., it reduces how much consumers can buy with their dollars. A modest amount of inflation can be a sign that the economy is healthy. Too much inflation can derail an economy. While we are not even close to that point yet, investors should monitor the direction of inflation moving forward because the U.S. economy has yet to fully reopen from the COVID-19 pandemic and millions of workers remain on the sideline. Earlier this year, Federal Reserve Chairman Jerome Powell proclaimed that the spike in inflation in the U.S. would be relatively short-lived, or “transitory.” He cited the pandemic-related bottlenecks in the global supply chain for creating shortages in such critical industries as semiconductors as being largely responsible for the sharp rise in prices. With prices rising nearly across the board, his take on inflation is losing credibility with each passing month, in my opinion. If inflation continues to run hotter-than-expected, we believe that the Federal Reserve will likely have to alter its easy monetary policy in favor of one that boosts interest rates and bond yields.
The markets have performed quite well over the past 18 months. I believe that the combination of the federal government’s efforts in fast-tracking the vaccines, its decisiveness in injecting trillions of dollars of capital into the financial system to help backstop it, and the ability of millions of workers to adapt to working efficiently from home helped boost the confidence levels of investors throughout. Having said that, I still feel we need to fully reopen the U.S. economy, put the millions of people out of work back to work and remedy the global supply chain bottlenecks. While investors should be prepared for the possibility of some additional volatility moving forward, due to inflationary pressures, the potential for higher interest rates and bond yields, and next year’s mid-term election season, we encourage them to stay the course.
Thank you for giving First Trust the opportunity to play a role in your financial future. We value our relationship with you and will report on the Funds again in six months.
Sincerely,
James A. Bowen
Chairman of the Board of Trustees
Chief Executive Officer of First Trust Advisors L.P.
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Table of Contents
Market Overview
First Trust Exchange-Traded Fund VI
Semi-Annual Report
September 30, 2021
Robert F. Carey, CFA
Senior Vice President and Chief Market Strategist
First Trust Advisors L.P.
Mr. Carey is responsible for the overall management of research and analysis of the First Trust product line. Mr. Carey has more than 30 years of experience as an Equity and Fixed-Income Analyst and is a recipient of the Chartered Financial Analyst (“CFA”) designation. He is a graduate of the University of Illinois at Champaign-Urbana with a B.S. in Physics. He is also a member of the Investment Analysts Society of Chicago and the CFA Institute. Mr. Carey has appeared as a guest on such programs as Bloomberg TV, CNBC, and WBBM Radio, and has been quoted by several publications, including The Wall Street Journal, The Wall Street Reporter, Bloomberg News Service, and Registered Rep.
State of the Global Economy
The International Monetary Fund (“IMF”) reported in its latest release that global gross domestic product (“GDP”) growth is expected to come in at 5.9% in 2021 and 4.9% in 2022, up from -3.1% in 2020. Keep in mind that the onset of the coronavirus (“COVID-19”) pandemic in the U.S. and most global regions occurred in the first quarter of 2020. The IMF sees the U.S. economy growing at 6.0% in 2021 and 5.2% in 2022, up from -3.4% in 2020. With respect to all Advanced Economies, the IMF is projecting GDP growth of 5.2% in 2021 and 4.5% in 2022, up from -4.5% in 2020. Lastly, the IMF projects Emerging Market and Developing Economies to grow at a rate of 6.4% in 2021 and 5.1% in 2022, up from -2.1% in 2020. Looking ahead to 2022, the outlook for growth is encouraging, but down a bit from the strong pandemic-induced recovery in 2021. The IMF is concerned that inflationary pressures stemming from the global supply chain bottlenecks could push prices higher if the problems persist. That scenario could, in turn, cause central banks to raise rates quickly to try and prevent inflation from overheating.
One of the better barometers for judging the overall business climate is mergers and acquisitions (“M&A”) activity, in our opinion. M&A deals totaled $4.3 trillion over the first nine months of 2021, the most ever recorded for that period, according to data from Refinitiv. The $1.52 trillion in deal value registered in the third quarter of 2021 was the highest ever for a calendar quarter. Executives are expanding their businesses aggressively in the current climate. 
Global Equities Markets
With respect to U.S. equities, the S&P 500®, S&P MidCap 400®, and S&P SmallCap 600® Indices posted total returns of 9.18%, 1.81% and 1.54%, respectively, for the six-month period ended September 30, 2021. Large-capitalization (“cap”) stocks significantly outperformed their mid- and small-cap counterparts in the period. Investors may have favored well-capitalized companies in the period due to the surge in the volume of Delta variant cases of COVID-19, in our opinion. All 11 sectors that comprise the S&P 500® Index were up on a total return basis. The top performer was the Real Estate sector, up 14.08%, while the worst result came from the Industrials sector, up 0.06%.
A Bloomberg survey of 21 equity strategists found that their average 2021 year-end price target for the S&P 500® Index was 4,466 as of September 21, 2021, up from 4,335 on August 20, 2021, according to its own release. The highest and lowest estimates were 4,825 (up from 4,700) and 3,800 (unchanged), respectively. On September 30, 2021, the S&P 500® Index closed at 4,307.54, which was 5.06% below its all-time closing high of 4,536.95 on September 2, 2021. As of October 1, 2021, Bloomberg’s 2021, 2022 and 2023 consensus earnings growth rate estimates for the S&P 500® Index stood at 44.90%, 8.95% and 9.80%, respectively.
Over the past six months, the MSCI World ex USA and MSCI Emerging Markets Indices posted total returns of 4.95% (USD) and -3.45% (USD), respectively, according to Bloomberg. The Bloomberg Global Aggregate Index of higher quality debt posted a total return of 0.42% (USD), while the Bloomberg EM Hard Currency Aggregate Index of emerging markets debt rose by 1.99% (USD), according Bloomberg. Over that same period, the U.S. dollar rose by 1.07% against a basket of major currencies, as measured by the U.S. Dollar Index (DXY). The modest increase in the dollar had little impact on the performance of these foreign indices, in our opinion.
In the U.S. bond market, the top-performing major debt group we track was high yield corporate bonds. The Bloomberg U.S. Corporate High Yield Index posted a total return of 3.65% for the six-month period ended September 30, 2021. The worst-performing U.S. debt group that we track was long maturity Government National Mortgage Association (“GNMAs”). The Bloomberg GNMA 30-Year Index posted a total return of -0.02%. The yield on the benchmark 10-Year Treasury Note (“T-Note”) increased by 25 points in the period to close at 1.49% on September 30, 2021, according to Bloomberg. For comparative purposes, the average yield on the 10-Year T-Note was 2.04% for the 10-year period ended September 30, 2021.
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Table of Contents
Fund Performance Overview (Unaudited)
Developed International Equity Select ETF (RNDM)
The Developed International Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze Developed Markets Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDM.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts, preferred shares and real estate investment trusts that comprise the Index.
The Index is designed to select low volatility developed markets (excluding the United States) securities that are included in the NASDAQ Developed Markets Ex-US Large Mid Cap Index (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in developed markets (excluding the United States), as determined by Nasdaq, Inc. A country is classified as “developed” based on a number of criteria including national income per capita, national market capitalization and national trading volume. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 3.85% 16.98% 4.32% 19.83%
Market Price 3.75% 17.71% 4.39% 20.19%
Index Performance        
Nasdaq Riskalyze Developed Markets Index 4.66% 18.72% 5.68% 26.68%
NASDAQ Developed Markets Ex-US Large Mid Cap Index(1) 4.72% 26.95% 8.12% 39.65%
MSCI World ex USA Index(1) 4.95% 26.50% 7.48% 36.17%
(See Notes to Fund Performance Overview on page 16.)

(1) As previously disclosed and consistent with the Fund’s return objective, the NASDAQ Developed Markets Ex-US Large Mid Cap Index will be used as the Fund’s benchmark for performance attribution purposes. The MSCI World ex USA Index was previously used as the Fund’s benchmark for performance purposes. The Nasdaq Riskalyze Developed Markets Index, the Fund’s underlying index, is derived from the NASDAQ Developed Markets Ex-US Large Mid Cap Index. As such, the Advisor has determined to measure the Fund’s relative outperformance and underperformance against the parent index, NASDAQ Developed Markets Ex-US Large Mid Cap Index, going forward. The MSCI World ex USA Index is reflected above for additional performance comparison purposes.
Riskalyze and Nasdaq Riskalyze Developed Markets Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Developed International Equity Select ETF (RNDM) (Continued)
Sector Allocation % of Total
Investments
Financials 20.3%
Industrials 20.1
Consumer Staples 12.1
Health Care 10.6
Information Technology 9.3
Communication Services 7.3
Materials 6.5
Consumer Discretionary 4.9
Utilities 4.0
Real Estate 2.8
Energy 2.1
Total 100.0%
Top Ten Holdings % of Total
Investments
Itochu Techno-Solutions Corp. 3.0%
MS&AD Insurance Group Holdings, Inc. 2.5
Admiral Group PLC 2.4
RELX PLC 2.0
Croda International PLC 1.9
Roche Holding AG 1.8
Henkel AG & Co., KGaA (Preference Shares) 1.6
Novartis AG 1.5
Enbridge, Inc. 1.4
Mitsubishi Corp. 1.3
Total 19.4%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Emerging Markets Equity Select ETF (RNEM)
The Emerging Markets Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNEM.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks, depository receipts, preferred shares and real estate investment trusts that comprise the Index.
The Index is designed to select low volatility emerging markets securities that are included in the NASDAQ Emerging Markets Large Mid Cap Index (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in emerging markets, as determined by Nasdaq, Inc. A country is classified as “emerging” based on a number of criteria including national income per capita, national market capitalization and national trading volume. Emerging markets are generally characterized by lower market efficiency and less strict standards in accounting and securities regulation than developed markets. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 0.65% 21.63% 2.62% 11.73%
Market Price -0.06% 21.66% 2.65% 11.82%
Index Performance        
Nasdaq Riskalyze Emerging Markets Index 2.79% 26.14% 4.81% 22.26%
NASDAQ Emerging Markets Large Mid Cap Index(1) -2.11% 18.64% 7.81% 37.94%
MSCI Emerging Markets Index(1) -3.45% 18.20% 7.76% 37.69%
(See Notes to Fund Performance Overview on page 16.)

(1) As previously disclosed and consistent with the Fund’s return objective, the NASDAQ Emerging Markets Large Mid Cap Index will be used as the Fund’s benchmark for performance attribution purposes. The MSCI Emerging Markets Index was previously used as the Fund’s benchmark for performance purposes. The Nasdaq Riskalyze Emerging Markets Index, the Fund’s underlying index, is derived from the NASDAQ Emerging Markets Large Mid Cap Index. As such, the Advisor has determined to measure the Fund’s relative outperformance and underperformance against the parent index, NASDAQ Emerging Markets Large Mid Cap Index, going forward. The MSCI Emerging Markets Index is reflected above for additional performance comparison purposes.
Riskalyze and Nasdaq Riskalyze Emerging Markets Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Emerging Markets Equity Select ETF (RNEM) (Continued)
Sector Allocation % of Total
Investments
Financials 27.3%
Materials 15.6
Information Technology 14.9
Consumer Staples 11.8
Industrials 6.2
Consumer Discretionary 5.7
Communication Services 4.5
Utilities 3.8
Real Estate 3.5
Health Care 3.4
Energy 3.3
Total 100.0%
Top Ten Holdings % of Total
Investments
WPG Holdings Ltd. 3.1%
Infosys Ltd. 3.1
Tata Consultancy Services Ltd. 3.0
Inventec Corp. 3.0
Compal Electronics, Inc. 2.7
China Steel Corp. 2.3
Naspers Ltd., Class N 2.0
Want Want China Holdings Ltd. 1.7
Pidilite Industries Ltd. 1.6
Hengan International Group Co., Ltd. 1.4
Total 23.9%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Large Cap US Equity Select ETF (RNLC)
The Large Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Large Cap Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNLC.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts that comprise the Index.
The Index is designed to select dividend-paying US large cap securities that are included in the Nasdaq US 500 Large Cap IndexTM (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of large cap US companies, as determined by Nasdaq, Inc.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 6.05% 34.74% 13.47% 71.73%
Market Price 5.94% 34.90% 13.48% 71.78%
Index Performance        
Nasdaq Riskalyze US Large Cap Index 6.37% 35.62% 14.18% 76.39%
Nasdaq US 500 Large Cap IndexTM 9.11% 29.16% 16.81% 94.45%
S&P 500® Index 9.18% 30.00% 16.36% 91.26%
(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Large Cap Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
Page 8

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Large Cap US Equity Select ETF (RNLC) (Continued)
Sector Allocation % of Total
Investments
Information Technology 30.8%
Health Care 13.7
Industrials 11.8
Financials 11.4
Consumer Discretionary 11.3
Consumer Staples 5.9
Communication Services 4.8
Energy 2.8
Materials 2.7
Real Estate 2.6
Utilities 2.2
Total 100.0%
Top Ten Holdings % of Total
Investments
Monolithic Power Systems, Inc. 1.1%
Oracle Corp. 0.9
Intuit, Inc. 0.9
NetApp, Inc. 0.9
Cognizant Technology Solutions Corp., Class A 0.9
Amphenol Corp., Class A 0.9
CDW Corp. 0.9
Microsoft Corp. 0.9
NVIDIA Corp. 0.9
Marvell Technology, Inc. 0.9
Total 9.2%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Mid Cap US Equity Select ETF (RNMC)
The Mid Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Mid Cap Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNMC.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts that comprise the Index.
The Index is designed to select dividend-paying US mid cap securities that are included in the Nasdaq US 600 Mid Cap Index™ (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of mid cap US companies, as determined by Nasdaq, Inc.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 3.26% 47.40% 10.51% 53.37%
Market Price 3.55% 48.07% 10.60% 53.90%
Index Performance        
Nasdaq Riskalyze US Mid Cap Index 3.55% 48.36% 11.18% 57.38%
Nasdaq US 600 Mid Cap IndexTM 2.56% 41.97% 13.88% 74.40%
S&P MidCap 400® Index 1.81% 43.68% 11.90% 61.80%
(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Mid Cap Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
Page 10

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Mid Cap US Equity Select ETF (RNMC) (Continued)
Sector Allocation % of Total
Investments
Industrials 15.8%
Financials 15.3
Consumer Discretionary 14.6
Health Care 12.4
Information Technology 11.6
Real Estate 9.1
Materials 6.8
Utilities 4.3
Energy 3.7
Consumer Staples 3.4
Communication Services 3.0
Total 100.0%
Top Ten Holdings % of Total
Investments
Hill-Rom Holdings, Inc. 1.8%
Premier, Inc., Class A 1.5
Perrigo Co. PLC 1.4
Bruker Corp. 1.4
Chemed Corp. 1.3
Encompass Health Corp. 1.3
Universal Health Services, Inc., Class B 1.3
DENTSPLY SIRONA, Inc. 1.2
Ensign Group (The), Inc. 1.2
Power Integrations, Inc. 0.9
Total 13.3%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Small Cap US Equity Select ETF (RNSC)
The Small Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Small Cap Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNSC.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts that comprise the Index.
The Index is designed to select dividend-paying US small cap securities that are included in the Nasdaq US 700 Small Cap IndexTM (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of small cap US companies, as determined by Nasdaq, Inc.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 0.27% 55.65% 10.41% 52.76%
Market Price 0.17% 55.84% 10.45% 53.02%
Index Performance        
Nasdaq Riskalyze US Small Cap Index 0.55% 56.82% 11.15% 57.23%
Nasdaq US 700 Small Cap IndexTM 0.49% 57.35% 14.31% 77.27%
S&P SmallCap 600® Index 1.54% 57.64% 12.77% 67.27%
(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Small Cap Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
Page 12

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Small Cap US Equity Select ETF (RNSC) (Continued)
Sector Allocation % of Total
Long-Term
Investments
Financials 19.3%
Industrials 19.0
Consumer Discretionary 12.9
Health Care 12.0
Information Technology 9.0
Real Estate 7.9
Materials 5.2
Consumer Staples 3.8
Energy 3.8
Communication Services 3.7
Utilities 3.4
Total 100.0%
Top Ten Holdings % of Total
Long-Term
Investments
Atrion Corp. 1.9%
Patterson Cos., Inc. 1.7
U.S. Physical Therapy, Inc. 1.6
CONMED Corp. 1.6
National Research Corp. 1.6
Select Medical Holdings Corp. 1.4
Healthcare Services Group, Inc. 1.3
Owens & Minor, Inc. 1.2
Switch, Inc., Class A 1.1
Shutterstock, Inc. 1.1
Total 14.5%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
US Equity Dividend Select ETF (RNDV)
The US Equity Dividend Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Large Cap Select Dividend Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDV.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts that comprise the Index.
The Index is designed to select dividend-paying US securities that (i) are included in the Nasdaq US 500 Large Cap IndexTM (the “Base Index”); (ii) have paid a dividend in the trailing twelve months (based on the ex-date); and (iii) have a trailing twelve-month dividend yield higher than the index yield of the Base Index. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of large cap US companies, as determined by Nasdaq, Inc.
Performance
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
9/30/21
1 Year Ended
9/30/21
Inception (6/20/17)
to 9/30/21
Inception (6/20/17)
to 9/30/21
Fund Performance        
NAV 3.17% 36.75% 12.08% 62.92%
Market Price 3.10% 37.20% 12.08% 62.93%
Index Performance        
Nasdaq Riskalyze US Large Cap Select Dividend Index 3.43% 37.54% 12.71% 66.85%
Nasdaq US 500 Large Cap IndexTM 9.11% 29.16% 16.81% 94.45%
S&P 500® Index 9.18% 30.00% 16.36% 91.26%
(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Large Cap Select Dividend Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.
Page 14

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
US Equity Dividend Select ETF (RNDV) (Continued)
Sector Allocation % of Total
Investments
Information Technology 29.8%
Health Care 13.3
Consumer Discretionary 12.0
Industrials 11.6
Financials 11.5
Communication Services 6.1
Consumer Staples 5.8
Energy 2.8
Real Estate 2.6
Utilities 2.3
Materials 2.2
Total 100.0%
Top Ten Holdings % of Total
Investments
International Business Machines Corp. 3.5%
Hewlett Packard Enterprise Co. 2.7
Broadcom, Inc. 2.5
Seagate Technology Holdings PLC 2.3
NetApp, Inc. 2.1
Omnicom Group, Inc. 2.0
Intel Corp. 1.9
HP, Inc. 1.9
Hasbro, Inc. 1.7
Texas Instruments, Inc. 1.7
Total 22.3%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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Table of Contents
Notes to Fund Performance Overview (Unaudited)
Total returns for the period since inception are calculated from the inception date of each Fund. “Average Annual Total Returns” represent the average annual change in value of an investment over the periods indicated. “Cumulative Total Returns” represent the total change in value of an investment over the periods indicated.
Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is computed by dividing the value of all assets of the Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of outstanding shares. The price used to calculate market return (“Market Price”) is determined by using the midpoint of the national best bid and offer price (“NBBO”) as of the time that the Fund’s NAV is calculated. Under SEC rules, the NBBO consists of the highest displayed buy and lowest sell prices among the various exchanges trading the Fund at the time the Fund’s NAV is calculated. Prior to January 1, 2019, the price used was the midpoint between the highest bid and the lowest offer on the stock exchange on which shares of the Fund were listed for trading as of the time that the Fund’s NAV was calculated. Since shares of each Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund, the NAV of each Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that all distributions have been reinvested in each Fund at NAV and Market Price, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike each Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by each Fund. These expenses negatively impact the performance of each Fund. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. The total returns presented reflect the reinvestment of dividends on securities in the indices. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of each Fund will vary with changes in market conditions. Shares of each Fund may be worth more or less than their original cost when they are redeemed or sold in the market. Each Fund’s past performance is no guarantee of future performance.
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Table of Contents
First Trust Exchange-Traded Fund VI
Understanding Your Fund Expenses
September 30, 2021 (Unaudited)
As a shareholder of Developed International Equity Select ETF, Emerging Markets Equity Select ETF, Large Cap US Equity Select ETF, Mid Cap US Equity Select ETF, Small Cap US Equity Select ETF or US Equity Dividend Select ETF (each a “Fund” and collectively, the “Funds”), you incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, if any, and other Fund expenses. This Example is intended to help you understand your ongoing costs of investing in the Funds and to compare these costs with the ongoing costs (in U.S. dollars) of investing in other funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held through the six-month period ended September 30, 2021.
Actual Expenses
The first line in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During the Six-Month Period” to estimate the expenses you paid on your account during this six-month period.
Hypothetical Example for Comparison Purposes
The second line in the following table provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not each Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs such as brokerage commissions. Therefore, the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
  Beginning
Account Value
April 1, 2021
Ending
Account Value
September 30, 2021
Annualized
Expense Ratio
Based on the
Six-Month
Period
Expenses Paid
During the
Six-Month
Period (a)
Developed International Equity Select ETF (RNDM)
Actual $1,000.00 $1,038.50 0.65% $3.32
Hypothetical (5% return before expenses) $1,000.00 $1,021.81 0.65% $3.29
Emerging Markets Equity Select ETF (RNEM)
Actual $1,000.00 $1,006.50 0.75% $3.77
Hypothetical (5% return before expenses) $1,000.00 $1,021.31 0.75% $3.80
Large Cap US Equity Select ETF (RNLC)
Actual $1,000.00 $1,060.50 0.60% $3.10
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
Mid Cap US Equity Select ETF (RNMC)
Actual $1,000.00 $1,032.60 0.60% $3.06
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
Small Cap US Equity Select ETF (RNSC)
Actual $1,000.00 $1,002.70 0.60% $3.01
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
US Equity Dividend Select ETF (RNDV)
Actual $1,000.00 $1,031.70 0.50% $2.55
Hypothetical (5% return before expenses) $1,000.00 $1,022.56 0.50% $2.54
    
(a) Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2021 through September 30, 2021), multiplied by 183/365 (to reflect the six-month period).
Page 17

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments
September 30, 2021 (Unaudited)
Shares   Description   Value
COMMON STOCKS (a) – 97.6%
    Australia – 6.2%    
1,295   AGL Energy Ltd. (b)   $5,348
4,826   APA Group (b)   30,060
1,922   ASX Ltd. (b)   110,968
16,700   Aurizon Holdings Ltd. (b)   45,214
6,810   AusNet Services Ltd. (b)   12,327
4,851   BHP Group Ltd. (b)   129,560
6,156   Brambles Ltd. (b)   47,336
296   Cochlear Ltd. (b)   46,313
3,837   Coles Group Ltd. (b)   46,608
1,586   Commonwealth Bank of Australia (b)   117,698
9,080   Computershare Ltd. (b)   117,414
236   CSL Ltd. (b)   49,308
29,181   Insurance Australia Group Ltd. (b)   101,908
894   Macquarie Group Ltd. (b)   115,502
48,774   Medibank Pvt Ltd. (b)   124,531
933   Ramsay Health Care Ltd. (b)   46,236
2,041   Rio Tinto Ltd. (b)   145,301
1,781   Sonic Healthcare Ltd. (b)   51,469
18,315   Telstra Corp., Ltd. (b)   51,320
4,346   Transurban Group (b)   43,801
1,531   Washington H Soul Pattinson & Co., Ltd. (b)   42,548
3,494   Wesfarmers Ltd. (b)   138,968
1,751   Woolworths Group Ltd. (b)   49,183
        1,668,921
    Austria – 0.3%    
400   ams AG (b) (c)   7,255
110   ANDRITZ AG (b)   6,029
295   Erste Group Bank AG (b)   12,953
221   OMV AG (b)   13,308
455   Raiffeisen Bank International AG (b)   11,900
183   Verbund AG (b)   18,508
190   voestalpine AG (b)   7,018
        76,971
    Belgium – 0.9%    
299   Ageas S.A./N.V. (b)   14,807
840   Anheuser-Busch InBev S.A./N.V. (b)   47,643
99   Elia Group S.A./N.V. (b)   11,830
887   Etablissements Franz Colruyt N.V. (b)   45,248
174   Galapagos N.V. (b) (c)   9,129
175   Groupe Bruxelles Lambert S.A. (b)   19,249
249   KBC Group N.V. (b)   22,461
29   Melexis N.V. (b)   3,078
175   Proximus S.A.D.P. (b)   3,473
53   Sofina S.A. (b)   21,059
117   Solvay S.A. (b)   14,514
94   Telenet Group Holding N.V. (b)   3,589
Shares   Description   Value
    Belgium (Continued)    
141   UCB S.A. (b)   $15,789
276   Umicore S.A. (b)   16,328
        248,197
    Bermuda – 0.1%    
2,798   CK Infrastructure Holdings Ltd. (b)   15,606
1,600   Hongkong Land Holdings Ltd. (b)   7,643
200   Jardine Matheson Holdings Ltd. (b)   10,572
        33,821
    Canada – 9.2%    
1,697   Algonquin Power & Utilities Corp.   24,880
2,374   Bank of Nova Scotia (The)   146,121
1,599   BCE, Inc.   80,101
1,517   Canadian Imperial Bank of Commerce   168,875
686   Canadian National Railway Co.   79,497
1,043   Canadian Pacific Railway Ltd.   68,109
1,607   CGI, Inc. (c)   136,505
2,857   Dollarama, Inc.   123,925
604   Emera, Inc.   27,353
9,512   Enbridge, Inc.   378,948
620   Fortis, Inc.   27,505
160   George Weston Ltd.   17,258
1,154   Hydro One Ltd. (d) (e)   27,278
1,212   Intact Financial Corp.   160,260
254   Loblaw Cos., Ltd.   17,431
311   Metro, Inc.   15,196
2,807   Open Text Corp.   137,004
1,611   Royal Bank of Canada   160,299
472   Saputo, Inc.   12,003
3,624   TELUS Corp.   79,656
1,696   Thomson Reuters Corp.   187,529
1,430   TMX Group Ltd.   154,211
1,041   Toromont Industries Ltd.   86,898
2,278   Toronto-Dominion Bank (The)   150,806
249   Waste Connections, Inc.   31,384
        2,499,032
    Cayman Islands – 0.3%    
3,084   CK Asset Holdings Ltd. (b)   17,794
3,047   CK Hutchison Holdings Ltd. (b)   20,327
5,333   Sands China Ltd. (b) (c)   10,914
16,667   Sino Biopharmaceutical Ltd. (b)   13,829
10,000   WH Group Ltd. (b) (d) (e)   7,121
13,778   Wynn Macau Ltd. (b) (c)   11,594
        81,579
    Denmark – 2.3%    
760   Ambu A.S., Class B (b)   22,513
22   AP Moller - Maersk A.S., Class B (b)   59,556
 
Page 18
See Notes to Financial Statements

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
September 30, 2021 (Unaudited)
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Denmark (Continued)    
102   Carlsberg A.S., Class B (b)   $16,641
397   Chr Hansen Holding A.S.   32,428
237   Coloplast A.S., Class B (b)   37,058
746   Danske Bank A.S. (b)   12,567
842   Demant A.S. (b) (c)   42,429
258   DSV A.S. (b)   61,756
108   Genmab A.S. (b) (c)   47,188
453   GN Store Nord A.S. (b)   31,331
1,044   H Lundbeck A.S. (b)   28,358
69   Netcompany Group A.S. (b) (d) (e)   7,959
527   Novo Nordisk A.S., Class B (b)   50,797
557   Novozymes A.S., Class B (b)   38,183
226   Orsted A.S. (b) (d) (e)   29,790
135   Pandora A.S. (b)   16,389
150   Royal Unibrew A.S. (b)   18,042
53   SimCorp A.S. (b)   6,262
592   Tryg A.S. (b)   13,420
1,552   Vestas Wind Systems A/S (b)   62,263
        634,930
    Finland – 1.4%    
392   Elisa Oyj   24,357
669   Fortum Oyj (b)   20,315
373   Huhtamaki Oyj (b)   16,774
420   Kesko Oyj, Class B (b)   14,487
258   Kojamo Oyj (b)   5,357
206   Kone Oyj, Class B (b)   14,471
1,511   Metso Outotec Oyj (b)   13,790
662   Neste Oyj (b)   37,345
5,881   Nokia Oyj (b) (c)   32,436
196   Nokian Renkaat Oyj (b)   7,004
4,156   Nordea Bank Abp (b)   53,555
163   Orion Oyj, Class B (b)   6,453
907   Sampo Oyj, Class A (b)   44,843
1,332   Stora Enso Oyj, Class R (b)   22,186
691   UPM-Kymmene Oyj (b)   24,457
463   Valmet Oyj (b)   16,716
1,608   Wartsila OYJ Abp (b)   19,150
        373,696
    France – 9.4%    
395   Air Liquide S.A. (b)   63,263
1,796   Amundi S.A. (b) (d) (e)   151,056
532   Arkema S.A. (b)   70,153
7,609   Bureau Veritas S.A. (b)   234,823
1,976   Carrefour S.A. (b)   35,413
623   Cie Generale des Etablissements Michelin SCA (b)   95,531
522   Danone S.A. (b)   35,589
3,362   Dassault Systemes SE (b)   176,927
6,048   Engie S.A. (b)   79,127
939   EssilorLuxottica S.A. (b)   179,437
84   Hermes International (b)   115,898
109   Iliad S.A. (b) (f)   22,979
Shares   Description   Value
    France (Continued)    
135   Kering S.A. (b)   $95,885
2,328   Legrand S.A. (b)   249,444
243   L’Oreal S.A. (b)   100,554
140   LVMH Moet Hennessy Louis Vuitton SE (b)   100,277
1,708   Orange S.A. (b)   18,472
191   Pernod Ricard S.A. (b)   42,109
194   Remy Cointreau S.A. (b)   37,560
1,547   Sanofi (b)   148,921
1,418   Schneider Electric SE (b)   236,174
529   SEB S.A. (b)   74,423
1,226   Ubisoft Entertainment S.A. (b) (c)   73,416
8,942   Vivendi SE (b)   112,579
        2,550,010
    Germany – 8.1%    
428   Allianz SE (b)   95,892
344   Beiersdorf AG (b)   37,118
586   Brenntag SE (b)   54,436
656   Deutsche Boerse AG (b)   106,447
2,356   Deutsche Post AG (b)   147,744
3,250   Deutsche Telekom AG (b)   65,176
2,178   E.ON SE (b)   26,584
1,415   Evonik Industries AG (b)   44,371
991   Fresenius Medical Care AG & Co., KGaA (b)   69,513
1,636   Fresenius SE & Co., KGaA (b)   78,308
1,045   FUCHS PETROLUB SE (Preference Shares)   48,927
597   Hannover Rueck SE (b)   103,962
4,759   Henkel AG & Co., KGaA (Preference Shares) (b)   440,248
1,034   Knorr-Bremse AG (b)   110,629
202   LEG Immobilien SE (b)   28,533
426   Merck KGaA (b)   92,203
647   RWE AG (b)   22,819
4,141   Scout24 AG (b) (d) (e)   286,816
786   Siemens AG (b)   128,551
413   Symrise AG (b)   54,132
930   TAG Immobilien AG (b)   27,192
22,318   Telefonica Deutschland Holding AG (b)   63,422
700   Uniper SE (b)   29,141
406   Vonovia SE (b)   24,366
        2,186,530
    Greece – 0.0%    
354   Hellenic Telecommunications Organization S.A. (b)   6,645
    Hong Kong – 2.1%    
9,617   AIA Group Ltd. (b)   110,638
1,779   CLP Holdings, Ltd. (b)   17,129
3,333   Galaxy Entertainment Group Ltd. (b) (c)   17,102
 
See Notes to Financial Statements
Page 19

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
September 30, 2021 (Unaudited)
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Hong Kong (Continued)    
7,183   Hang Lung Properties Ltd. (b)   $16,370
6,049   Hang Seng Bank Ltd. (b)   103,612
4,474   Henderson Land Development Co., Ltd. (b)   17,084
11,466   Hong Kong & China Gas Co., Ltd. (b)   17,324
2,021   Hong Kong Exchanges & Clearing Ltd. (b)   124,191
4,489   MTR Corp., Ltd. (b)   24,159
4,130   New World Development Co., Ltd. (b)   16,798
3,027   Power Assets Holdings Ltd. (b)   17,745
13,131   Sino Land Co., Ltd. (b)   17,665
20,111   SJM Holdings Ltd. (b) (c)   13,669
1,204   Sun Hung Kai Properties Ltd. (b)   15,034
3,161   Swire Pacific Ltd., Class A (b)   18,704
2,222   Vitasoy International Holdings Ltd. (b)   5,631
7,530   Wharf Holdings (The) Ltd. (b)   24,908
        577,763
    Ireland – 0.6%    
1,210   AIB Group PLC (b) (c)   3,294
663   CRH PLC (b)   31,290
236   Kerry Group PLC, Class A   31,711
367   Kingspan Group PLC (b)   36,608
1,629   Ryanair Holdings PLC (b) (c)   30,804
660   Smurfit Kappa Group PLC (b)   34,748
        168,455
    Israel – 0.4%    
56   Azrieli Group Ltd. (b)   5,041
1,197   Bank Hapoalim BM (b)   10,514
1,414   Bank Leumi Le-Israel BM (b)   11,981
36   Elbit Systems Ltd. (b)   5,213
964   ICL Group Ltd. (b)   7,025
2,240   Israel Discount Bank Ltd., Class A (b) (c)   11,825
357   Mizrahi Tefahot Bank Ltd. (b)   12,024
94   Nice, Ltd. (b) (c)   26,617
1,478   Teva Pharmaceutical Industries Ltd. (b) (c)   14,497
        104,737
    Italy – 2.1%    
12,604   A2A S.p.A. (b)   25,827
276   Amplifon S.p.A. (b)   13,117
1,667   Assicurazioni Generali S.p.A. (b)   35,306
3,533   Banca Mediolanum S.p.A. (b)   38,044
716   Brembo S.p.A. (b)   9,021
490   Buzzi Unicem S.p.A (b)   11,130
221   De’ Longhi S.p.A. (b)   7,935
2,303   Enel S.p.A. (b)   17,676
772   ERG S.p.A. (b)   22,918
Shares   Description   Value
    Italy (Continued)    
2,038   FinecoBank Banca Fineco S.p.A. (b) (c)   $36,810
5,986   Hera S.p.A. (b)   24,405
1,749   Infrastrutture Wireless Italiane S.p.A. (b) (d) (e)   19,480
253   Interpump Group S.p.A. (b)   16,306
12,308   Intesa Sanpaolo S.p.A. (b)   34,844
3,534   Italgas S.p.A. (b)   22,597
3,007   Mediobanca Banca di Credito Finanziario S.p.A. (b) (c)   36,177
156   Moncler S.p.A. (b)   9,514
730   Nexi S.P.A (b) (c) (d) (e)   13,613
2,623   Poste Italiane S.p.A. (b) (d) (e)   36,019
392   Prysmian S.p.A. (b)   13,692
191   Recordati Industria Chimica e Farmaceutica S.p.A. (b)   11,070
25   Reply S.p.A. (b)   4,589
13,338   Snam S.p.A. (b)   73,784
3,038   Terna-Rete Elettrica Nazionale S.p.A. (b)   21,560
        555,434
    Japan – 16.2%    
1,500   Chubu Electric Power Co., Inc. (b)   17,728
1,600   Chugoku Electric Power (The) Co., Inc. (b)   14,595
4,700   ENEOS Holdings, Inc. (b)   19,093
800   Idemitsu Kosan Co., Ltd. (b)   21,045
9,600   ITOCHU Corp. (b)   279,609
24,500   Itochu Techno-Solutions Corp. (b)   795,628
4,500   Japan Tobacco, Inc. (b)   88,174
1,800   Kansai Electric Power (The) Co., Inc. (b)   17,442
1,300   Kao Corp. (b)   77,368
4,700   KDDI Corp. (b)   154,739
1,800   Kobayashi Pharmaceutical Co., Ltd. (b)   142,709
8,600   Medipal Holdings Corp. (b)   161,853
1,300   MEIJI Holdings Co., Ltd. (b)   84,048
11,000   Mitsubishi Corp. (b)   345,427
19,800   MS&AD Insurance Group Holdings, Inc. (b)   662,245
13,000   Nagoya Railroad Co., Ltd. (b)   239,416
5,600   Nippon Telegraph & Telephone Corp. (b)   155,171
1,200   Nissin Foods Holdings Co., Ltd. (b)   96,294
6,300   Ono Pharmaceutical Co., Ltd. (b)   143,664
1,000   Osaka Gas Co., Ltd. (b)   18,273
3,700   Secom Co., Ltd. (b)   267,614
11,100   Softbank Corp. (b)   150,569
6,600   Sohgo Security Services Co., Ltd. (b)   296,716
 
Page 20
See Notes to Financial Statements

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
September 30, 2021 (Unaudited)
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Japan (Continued)    
4,600   Takeda Pharmaceutical Co., Ltd. (b)   $151,721
        4,401,141
    Luxembourg – 0.1%    
841   ArcelorMittal S.A. (b)   25,745
    Netherlands – 4.3%    
492   Aalberts N.V. (b)   28,399
2,216   ABN AMRO Bank N.V. (b) (c) (d) (e)   31,971
11   Adyen N.V. (b) (c) (d) (e)   30,749
5,668   Aegon N.V. (b)   29,257
217   Akzo Nobel N.V. (b)   23,710
49   Argenx SE (b) (c)   14,807
257   ASM International N.V. (b)   100,646
123   ASML Holding N.V. (b)   91,888
601   ASR Nederland N.V. (b)   27,493
894   BE Semiconductor Industries N.V. (b)   71,123
821   Davide Campari-Milano N.V. (b)   11,533
1,426   Euronext N.V. (b) (d) (e)   160,910
408   Heineken Holding N.V. (b)   35,527
354   Heineken N.V. (b)   36,949
175   IMCD N.V. (b)   33,491
2,201   ING Groep N.V. (b)   31,999
812   Just Eat Takeaway.com N.V. (b) (c) (d) (e)   59,328
1,305   Koninklijke Ahold Delhaize N.V. (b)   43,454
215   Koninklijke DSM N.V. (b)   42,995
4,198   Koninklijke KPN N.V. (b)   13,210
1,400   Koninklijke Philips N.V. (b)   62,198
500   Koninklijke Vopak N.V. (b)   19,701
551   NN Group N.V. (b)   28,863
673   Prosus N.V. (b)   53,867
354   Randstad N.V. (b)   23,834
496   Signify N.V. (b) (d) (e)   24,828
370   Wolters Kluwer N.V. (b)   39,219
        1,171,949
    New Zealand – 0.3%    
1,040   a2 Milk (The) Co., Ltd. (b) (c)   4,605
2,938   Auckland International Airport Ltd. (b) (c)   15,793
1,193   Fisher & Paykel Healthcare Corp., Ltd. (b)   26,241
2,846   Spark New Zealand Ltd. (b)   9,363
207   Xero Ltd. (b) (c)   20,312
        76,314
    Norway – 0.6%    
368   Adevinta ASA (b) (c)   6,306
144   Aker ASA, Class A (b)   11,320
516   DNB Bank ASA (b)   11,731
Shares   Description   Value
    Norway (Continued)    
729   Equinor ASA (b)   $18,539
468   Gjensidige Forsikring ASA (b)   10,365
404   Mowi ASA (b)   10,251
4,841   NEL ASA (b) (c)   7,129
1,869   Norsk Hydro ASA (b)   13,950
1,020   Orkla ASA (b)   9,362
145   Salmar ASA (b)   9,622
472   Scatec ASA (b) (d) (e)   8,774
182   Schibsted ASA, Class A (b)   8,639
860   Telenor ASA (b)   14,475
161   TOMRA Systems ASA   8,422
231   Yara International ASA (b)   11,443
        160,328
    Portugal – 0.1%    
4,205   EDP - Energias de Portugal S.A.   22,089
714   Galp Energia SGPS S.A. (b)   8,110
377   Jeronimo Martins SGPS S.A.   7,515
        37,714
    Singapore – 0.9%    
1,300   City Developments Ltd. (b)   6,579
1,900   DBS Group Holdings Ltd. (b)   42,101
8,300   Genting Singapore Ltd. (b)   4,376
300   Jardine Cycle & Carriage Ltd. (b)   4,255
2,200   Keppel Corp., Ltd. (b)   8,401
4,700   Oversea-Chinese Banking Corp., Ltd. (b)   39,578
1,400   Singapore Airlines Ltd. (b) (c)   5,156
5,600   Singapore Exchange Ltd. (b)   40,997
5,600   Singapore Technologies Engineering Ltd. (b)   15,632
12,200   Singapore Telecommunications Ltd. (b)   21,963
2,100   United Overseas Bank Ltd. (b)   39,727
1,300   UOL Group Ltd. (b)   6,537
4,000   Wilmar International Ltd. (b)   12,358
        247,660
    South Korea – 4.6%    
195   Amorepacific Corp. (b)   29,168
776   AMOREPACIFIC Group (b)   31,876
34   CJ CheilJedang Corp. (b)   11,698
769   Coway Co., Ltd. (b)   47,998
2,068   Industrial Bank of Korea (b)   18,221
1,648   Kakao Corp. (b)   162,078
1,992   Kangwon Land, Inc. (b)   47,862
337   KB Financial Group, Inc. (b)   15,673
730   Korea Electric Power Corp. (b)   14,450
167   Korea Zinc Co., Ltd. (b)   70,454
846   KT Corp., ADR   11,523
172   KT&G Corp. (b)   11,767
9   LG Household & Health Care Ltd. (b)   10,147
976   LG Uplus Corp. (b)   12,269
 
See Notes to Financial Statements
Page 21

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
September 30, 2021 (Unaudited)
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    South Korea (Continued)    
1,921   Mirae Asset Securities Co., Ltd. (b)   $13,854
435   NAVER Corp. (b)   141,143
213   POSCO (b)   58,651
875   Samsung Electro-Mechanics Co., Ltd. (b)   129,480
2,017   Samsung Electronics Co., Ltd. (b)   125,043
100   Samsung Fire & Marine Insurance Co., Ltd. (b)   19,760
848   Samsung SDS Co., Ltd. (b)   113,778
506   Shinhan Financial Group Co., Ltd. (b)   17,092
1,239   SK Hynix, Inc. (b)   106,066
43   SK Telecom Co., Ltd. (b)   11,680
1,875   Woori Financial Group, Inc. (b)   18,300
        1,250,031
    Spain – 2.3%    
88   Acciona S.A. (b)   14,630
444   ACS Actividades de Construccion y Servicios S.A. (b)   12,027
91   Aena SME S.A. (c) (d) (e)   15,738
623   Amadeus IT Group S.A. (b) (c)   40,976
6,291   Banco Bilbao Vizcaya Argentaria S.A. (b)   41,524
9,611   Banco Santander S.A. (b)   34,815
6,386   Bankinter S.A. (b)   37,365
10,551   CaixaBank S.A. (b)   32,719
596   Cellnex Telecom S.A. (b) (d) (e)   36,763
726   Enagas S.A. (b)   16,135
1,383   Endesa S.A. (b)   27,892
564   Ferrovial S.A. (b)   16,462
678   Grifols S.A.   16,555
2,841   Iberdrola S.A. (b)   28,582
1,732   Industria de Diseno Textil S.A. (b)   63,730
15,678   Mapfre S.A. (b)   34,169
1,493   Naturgy Energy Group S.A. (b)   37,580
2,067   Red Electrica Corp. S.A. (b)   41,469
1,272   Repsol S.A. (b)   16,604
407   Siemens Gamesa Renewable Energy S.A. (b) (c)   10,345
7,662   Telefonica S.A. (b)   35,955
        612,035
    Sweden – 3.3%    
578   AAK AB (b)   12,433
2,071   Assa Abloy AB, Class B (b)   60,073
978   Atlas Copco AB, Class A (b)   59,057
547   Axfood AB (b)   13,078
694   Castellum AB (b)   16,942
2,668   Epiroc AB, Class A (b)   55,313
414   Essity AB, Class B (b)   12,840
Shares   Description   Value
    Sweden (Continued)    
692   Getinge AB, Class B (b)   $27,588
3,788   Hexagon AB, Class B (b)   58,593
593   Holmen AB, Class B (b)   26,044
268   ICA Gruppen AB (b)   12,296
1,101   Industrivarden AB, Class C (b)   34,016
1,927   Investor AB, Class B (b)   41,439
280   L E Lundbergforetagen AB, Class B (b)   15,366
7,678   Nibe Industrier AB, Class B (b)   96,487
3,500   Securitas AB, Class B (b)   55,397
3,151   Skandinaviska Enskilda Banken AB, Class A (b)   44,408
1,459   Svenska Cellulosa AB SCA, Class B (b)   22,612
3,536   Svenska Handelsbanken AB, Class A (b)   39,601
3,645   Sweco AB, Class B   57,541
2,180   Swedbank AB, Class A (b)   43,959
1,676   Swedish Match AB   14,676
2,247   Tele2 AB, Class B (b)   33,271
2,233   Telefonaktiebolaget LM Ericsson, Class B (b)   25,204
6,820   Telia Co., AB (b)