First Trust Exchange-Traded Fund VI

Book 2

 

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

First Trust Indxx Innovative Transaction & Process ETF (LEGR)

First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)

First Trust Dorsey Wright Momentum & Value ETF (DVLU)

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)

First Trust International Developed Capital Strength ETF (FICS)

Annual Report
For the Period Ended
September 30, 2021
Table of Contents
First Trust Exchange-Traded Fund VI
Annual Report
September 30, 2021

2

3
Fund Performance Overview

4

6

8

10

12

14

16

17
Portfolio of Investments

18

21

26

31

33

35

38

40

42

44

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59

61

69

71

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
Annual Letter from the Chairman and CEO
September 30, 2021
Dear Shareholders,
First Trust is pleased to provide you with the annual report for certain series of the First Trust Exchange-Traded Fund VI (the “Funds”), which contains detailed information about the Funds for the twelve months ended September 30, 2021. Please note that the First Trust International Developed Capital Strength ETF was incepted on December 15, 2020, and so information in this letter and the annual report prior to the inception date of the Fund will not apply to this Fund.
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
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.
Performance of Global Stocks and Bonds
U.S. equities performed extremely well over the past year. The S&P 500®, S&P MidCap 400® and S&P SmallCap 600® Indices posted total returns of 30.00%, 43.68% and 57.64%, respectively, for the 12-month period ended September 30, 2021. Small- and mid-capitalization (“cap”) stocks significantly outperformed large-cap stocks over the period, an indication that investors were willing to assume more risk despite the ongoing COVID-19 pandemic, 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 Energy sector, up 82.83%, while the worst result came from the Utilities sector, up just 11.06%.
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.
Foreign equities also performed well, but the broader indices continue to lag the performance of the major U.S. stock indices. Over the past 12 months, the MSCI World ex USA and MSCI Emerging Markets Indices posted total returns of 26.50% (USD) and 18.20% (USD), respectively, according to Bloomberg. The major foreign bond indices had mixed results. The Bloomberg Global Aggregate Index of higher quality debt posted a total return of -0.91% (USD), while the Bloomberg EM Hard Currency Aggregate Index of emerging markets debt rose by 3.15% (USD), according Bloomberg. Over that same period, the U.S. dollar rose by 0.36% against a basket of major currencies, as measured by the U.S. Dollar Index (DXY). The slight bump in the dollar had little influence 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 speculative-grade corporate bonds. The Bloomberg U.S. Corporate High Yield Index posted a total return of 11.28% for the 12-month period ended September 30, 2021. The worst-performing U.S. debt group that we track was government bonds. The Bloomberg U.S. Treasury: Intermediate Index posted a total return of -1.38%. The yield on the benchmark 10-Year Treasury Note (“T-Note”) rose by 80 basis 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)
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
The First Trust SMID Cap Rising Dividend Achievers ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index (the “Index”). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the Index. The Index is designed to provide access to a diversified portfolio of 100 small and mid cap companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future. The shares of the Fund are listed and traded on The Nasdaq Stock Market LLC, under the ticker symbol “SDVY.”
Performance
    Average Annual
Total Returns
Cumulative
Total Returns
  1 Year Ended
9/30/21
Inception (11/1/17)
to 9/30/21
Inception (11/1/17)
to 9/30/21
Fund Performance      
NAV 56.77% 11.05% 50.69%
Market Price 56.90% 11.09% 50.90%
Index Performance      
Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index 57.92% 11.74% 54.39%
S&P 1000® Index 47.66% 11.70% 54.15%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a net asset value (“NAV”) return of 56.77% during the 12-month period covered by this report. During the same period, the S&P 1000® Index (the “Benchmark”) generated a return of 47.66%. The Financials sector received the largest portfolio allocation for the Fund during the period at 29.3%. This sector also provided the largest contribution to the Fund’s return at 26.4%. The only negative contribution to the Fund’s return for the period came from the Communication Services sector where the contribution to the Fund’s return was -0.3%. On a relative basis, the Fund outperformed the Benchmark. The largest source of relative outperformance was the 12.8% from investments in the Financials sector. The Fund’s outperformance was partially reduced by the -2.4% drag on performance from investments in the Information Technology sector.

Nasdaq® and Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) (Continued)
Sector Allocation % of Total
Investments
Financials 31.3%
Industrials 25.9
Consumer Discretionary 15.3
Information Technology 13.6
Materials 5.0
Consumer Staples 3.9
Communication Services 3.0
Energy 1.0
Utilities 1.0
Total 100.0%
Top Ten Holdings % of Total
Investments
Western Alliance Bancorp 1.1%
Synovus Financial Corp. 1.1
M&T Bank Corp. 1.1
Zions Bancorp N.A. 1.1
Prosperity Bancshares, Inc. 1.1
Regions Financial Corp. 1.1
East West Bancorp, Inc. 1.1
Wintrust Financial Corp. 1.1
First Horizon Corp. 1.1
Progress Software Corp. 1.1
Total 11.0%

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)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
The First Trust Indxx Innovative Transaction & Process ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Indxx Blockchain Index (the “Index”). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes. The Index seeks to include only companies that have devoted material resources to the use of blockchain technologies. The shares of the Fund are listed and traded on The Nasdaq Stock Market LLC, under the ticker symbol “LEGR.”
Performance
    Average Annual
Total Returns
Cumulative
Total Returns
  1 Year Ended
9/30/21
Inception (1/24/18)
to 9/30/21
Inception (1/24/18)
to 9/30/21
Fund Performance      
NAV 36.13% 11.30% 48.32%
Market Price 36.70% 11.38% 48.71%
Index Performance      
Indxx Blockchain Index 38.00% 12.43% 53.92%
S&P 500® Index 30.00% 14.08% 62.45%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a NAV return of 36.13% during the 12-month period covered by this report. During the same period, the S&P 500® Index (the “Benchmark”) generated a return of 30.00%. The Fund invested primarily in the Financials and Information Technology sectors during the period covered by this report. The Financials sector received an allocation of 36.2% and contributed 18.6% to the Fund’s return, while the Information Technology sector received an allocation of 36.0% and contributed 12.9% to the Fund’s return. No sector had a negative contribution to the Fund’s return during the period covered by this report. The Fund’s currency exposure resulted in a -0.4% impact on the Fund’s return. On a relative basis, the Fund outperformed the Benchmark. The greatest source of outperformance came from investments in the Financials sector which earned 5.5% of outperformance for the Fund versus the Benchmark. Meanwhile, the greatest source of underperformance for the Fund came from investments in the Energy sector. This sector was underweight in the Fund and caused -1.1% of underperformance for the Fund versus the Benchmark.

Indxx and Indxx Blockchain Index (“Index”) are trademarks of Indxx, LLC (“Indxx”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Indxx and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Indxx Innovative Transaction & Process ETF (LEGR) (Continued)
Sector Allocation % of Total
Long-Term
Investments
Financials 39.1%
Information Technology 32.1
Consumer Discretionary 8.6
Communication Services 7.0
Industrials 4.9
Utilities 2.7
Energy 2.4
Consumer Staples 1.6
Materials 1.6
Total 100.0%
Top Ten Holdings % of Total
Long-Term
Investments
Gazprom PJSC, ADR 1.4%
Nordea Bank Abp 1.4
Sberbank of Russia PJSC, ADR 1.3
salesforce.com, Inc. 1.3
Mitsubishi UFJ Financial Group, Inc., ADR 1.3
VMware, Inc., Class A 1.3
International Business Machines Corp. 1.3
Intel Corp. 1.3
Mastercard, Inc., Class A 1.3
Swisscom AG 1.3
Total 13.2%

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)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Nasdaq CTA Artificial Intelligence and Robotics IndexSM (the “Index”). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies engaged in the artificial intelligence and robotics segments of the technology, industrial and other economic sectors. The shares of the Fund are listed and traded on The Nasdaq Stock Market LLC, under the ticker symbol “ROBT.”
Performance
    Average Annual
Total Returns
Cumulative
Total Returns
  1 Year Ended
9/30/21
Inception (2/21/18)
to 9/30/21
Inception (2/21/18)
to 9/30/21
Fund Performance      
NAV 37.27% 17.74% 80.17%
Market Price 37.34% 17.76% 80.30%
Index Performance      
Nasdaq CTA Artificial Intelligence and Robotics IndexSM 38.32% 18.65% 85.25%
S&P 500® Index 30.00% 15.92% 70.33%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a NAV return of 37.27% during the 12-month period covered by this report. During the same period, the S&P 500® Index (the “Benchmark”) generated a return of 30.00%. The Fund allocated 33.7% to the Software industry, which was by far the most of any industry in the Fund during the period covered by this report. This industry also contributed more than any industry to the Fund’s total return, with a contribution to the Fund’s return of 12.6%. The greatest source of drag on the Fund’s performance came from investments in the Health Care Equipment & Supplies industry, which had a contribution of -1.2% to the Fund’s return. The Fund’s currency exposure had a -0.6% impact on the Fund’s performance. On a relative basis, the Fund outperformed the Benchmark. The greatest source of outperformance for the Fund came from investments in the Electronic Equipment, Instruments & Components industry. Investments in this industry, due in part to receiving a higher allocation in the Fund than in the Benchmark and also a positive selection effect, caused 4.2% of outperformance for the Fund versus the Benchmark. Meanwhile, investments in the Health Care Equipment & Supplies industry caused -3.2% of underperformance for the Fund versus the Benchmark during the 12-month period covered by this report.

Nasdaq® and Nasdaq CTA Artificial Intelligence and Robotics IndexSM are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) (Continued)
Sector Allocation % of Total
Long-Term
Investments
Information Technology 62.7%
Industrials 19.2
Consumer Discretionary 8.4
Health Care 7.4
Communication Services 1.9
Real Estate 0.4
Total 100.0%
Top Ten Holdings % of Total
Long-Term
Investments
Ambarella, Inc. 3.2%
Gentex Corp. 2.2
Palo Alto Networks, Inc. 2.2
Dynatrace, Inc. 2.2
Atos SE 2.1
Topcon Corp. 2.1
Blue Prism Group PLC 2.1
Obic Co., Ltd. 2.1
PKSHA Technology, Inc. 2.1
Elbit Systems Ltd. 2.1
Total 22.4%

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)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
The First Trust Dorsey Wright Momentum & Value ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Dorsey Wright Momentum Plus Value™ Index (the “Index”). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is a rules-based equity index designed to track the overall performance of the 50 most undervalued stocks comprising the NASDAQ US Large Mid Cap Index that exhibit high levels of “relative strength.” A relative strength analysis is a momentum-based investment strategy that emphasizes a security’s forward price momentum in the security selection process. The Fund’s investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. The shares of the Fund are listed and traded on The Nasdaq Stock Market LLC, under the ticker symbol “DVLU.”
Performance
    Average Annual
Total Returns
Cumulative
Total Returns
  1 Year Ended
9/30/21
Inception (9/5/18)
to 9/30/21
Inception (9/5/18)
to 9/30/21
Fund Performance      
NAV 57.98% 7.13% 23.55%
Market Price 57.98% 7.13% 23.55%
Index Performance      
Dorsey Wright Momentum Plus Value™ Index 59.19% 7.78% 25.86%
S&P 500® Index 30.00% 15.99% 57.64%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a NAV return of 57.98% during the 12-month period covered by this report. During the same period, the S&P 500® Index (the “Benchmark”) generated a return of 30.00%. Two sectors in the Fund received much greater allocations than any other sectors: the Financials sector and the Consumer Discretionary sector. The allocation to the Financials sector was 34.8% and contributed 20.9% to the Fund’s return, while the allocation to the Consumer Discretionary sector was 30.0% and contributed 13.2% to the Fund’s return. No other sector received an allocation greater than 8.2%. No sector had a negative contribution to the Fund’s return during the 12-month period covered by this report. On a relative basis, the Fund outperformed the Benchmark. This outperformance came primarily from the large allocation to the Financials sector. This sector received only an 11% allocation in the Benchmark and investments in the Financials sector contributed 9.8% of outperformance for the Fund versus the Benchmark. The Fund experienced outperformance versus the Benchmark across all 11 sectors represented in the Fund. Aside from the substantial outperformance from the Financials sector, the contribution of the other 10 sectors ranged from 0.4% of outperformance from the Materials sector to 4.6% of outperformance from the Consumer Discretionary sector, with the other 8 sectors all falling in between those two sectors.

Nasdaq® and Dorsey Wright Momentum Plus Value™ Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Momentum & Value ETF (DVLU) (Continued)
Sector Allocation % of Total
Investments
Financials 36.6%
Consumer Discretionary 27.8
Communication Services 6.7
Materials 5.8
Information Technology 5.6
Energy 5.3
Health Care 3.2
Real Estate 3.1
Consumer Staples 3.0
Industrials 2.9
Total 100.0%
Top Ten Holdings % of Total
Investments
Lincoln National Corp. 3.3%
AutoNation, Inc. 3.3
Prudential Financial, Inc. 3.1
Bunge Ltd. 3.0
Principal Financial Group, Inc. 2.9
Popular, Inc. 2.9
DISH Network Corp., Series A 2.8
Nexstar Media Group, Inc., Class A 2.8
Toll Brothers, Inc. 2.7
Capital One Financial Corp. 2.7
Total 29.5%

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.
Page 11

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
The First Trust Dorsey Wright Momentum & Low Volatility ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Dorsey Wright Momentum Plus Low Volatility™ Index (the “Index”). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ US Large Mid Cap Index that exhibit the lowest levels of volatility while still maintaining high levels of “relative strength.” A relative strength analysis is a momentum-based investment strategy that emphasizes a security’s forward price momentum in the security selection process. The Fund’s investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. The shares of the Fund are listed and traded on The Nasdaq Stock Exchange LLC, under the ticker symbol “DVOL.”
Performance
    Average Annual
Total Returns
Cumulative
Total Returns
  1 Year Ended
9/30/21
Inception (9/5/18)
to 9/30/21
Inception (9/5/18)
to 9/30/21
Fund Performance      
NAV 22.98% 12.21% 42.39%
Market Price 22.98% 12.21% 42.39%
Index Performance      
Dorsey Wright Momentum Plus Low Volatility™ Index 23.72% 12.93% 45.24%
S&P 500® Index 30.00% 15.99% 57.64%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a NAV return of 22.98% during the 12-month period covered by this report. During the same period, the S&P 500® Index (the “Benchmark”) generated a return of 30.00%. The Fund allocated 26.0% to the Industrials sector during the period covered by this report, which was the greatest allocation of any sector in the Fund. Investments in the Industrials sector contributed only 3.0% to the Fund’s overall performance. The greatest contribution to the Fund’s performance came from investments in the Health Care sector. This sector received the second largest allocation of 17.8% and contributed 6.0% to the Fund’s performance. No sector had a negative contribution to the Fund’s return during the 12-month period covered by this report. On a relative basis, the Fund underperformed the Benchmark. The Industrials sector, which received the largest allocation of any sector in the Fund, was significantly overweight in comparison to the Benchmark, and the paltry performance of the investments in this sector caused a -4.2% of underperformance for the Fund versus the Benchmark. The Fund saw the greatest outperformance versus the Benchmark come from investments in the Consumer Discretionary sector, which earned 1.2% of outperformance for the Fund.

Nasdaq® and Dorsey Wright Momentum Plus Low Volatility™ Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
Page 12

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) (Continued)
Sector Allocation % of Total
Investments
Industrials 29.4%
Financials 21.0
Consumer Discretionary 15.1
Information Technology 11.3
Health Care 8.5
Real Estate 5.9
Materials 4.0
Communication Services 3.8
Consumer Staples 1.0
Total 100.0%
Top Ten Holdings % of Total
Investments
Arthur J. Gallagher & Co. 3.3%
Yum! Brands, Inc. 3.1
Nasdaq, Inc. 3.1
Blackstone, Inc. 3.1
Garmin Ltd. 3.0
Agilent Technologies, Inc. 3.0
Sherwin-Williams (The) Co. 2.9
Accenture PLC, Class A 2.8
Amphenol Corp., Class A 2.8
Domino’s Pizza, Inc. 2.6
Total 29.7%

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.
Page 13

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust International Developed Capital Strength ETF (FICS)
The First Trust International Developed Capital Strength ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called The International Developed Capital Strength IndexSM (the “Index”). The Fund seeks to achieve its investment objective by investing, under normal market conditions, 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 seeks to provide exposure to well-capitalized companies in the developed markets outside of the U.S. with strong market positions that have the potential to provide a greater degree of stability and performance over time. The shares of the Fund are listed and traded on The Nasdaq Stock Market LLC, under the ticker symbol “FICS.”
Performance
    Cumulative
Total Returns
    Inception (12/15/20)
to 9/30/21
Fund Performance    
NAV   14.25%
Market Value   14.48%
Index Performance    
The International Developed Capital Strength IndexSM   16.00%
MSCI World ex USA Index   11.29%
(See Notes to Fund Performance Overview on page 16.)
The Fund generated a NAV return of 14.25% during the period from the Fund’s inception date of December 15, 2020 through September 30, 2021. During the same period, the MSCI World ex USA Index (the “Benchmark”) generated a return of 11.29%. Japan received the greatest allocation of any country in the Fund. With an allocation of 18.9%, investments in Japan contributed 2.0% to the Fund’s return, stemming from its 12.5% return. The greatest contribution to the Fund’s return came from the Switzerland securities where the Fund allocated 18.1%, returned 25.6%, and contributed 4.4%. The most negative contribution to the Fund’s return came from investments in Finland. These investments received an allocation of 1.8% and caused a -0.2% contribution to the Fund’s return. The Fund’s currency exposure caused -5.5% of performance during the period. On a relative basis, the Fund outperformed the Benchmark. The greatest source of outperformance for the Fund came from investments in Switzerland, in which the Fund significantly outperformed in comparison to the Benchmark. Investments in Switzerland caused 2.8% of outperformance for the Fund versus the Benchmark. The Fund underperformed Canadian securities relative to the Benchmark by -7.8%, which created -0.6% of relative drag.

Nasdaq® and The International Developed Capital Strength IndexSM are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
Page 14

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust International Developed Capital Strength ETF (FICS) (Continued)
Sector Allocation % of Total
Investments
Industrials 28.7%
Health Care 24.3
Consumer Discretionary 13.6
Consumer Staples 9.9
Financials 9.8
Information Technology 9.7
Materials 2.1
Communication Services 1.9
Total 100.0%
Top Ten Holdings % of Total
Investments
Novo Nordisk A.S., Class B 2.6%
Sonova Holding AG 2.5
Shionogi & Co., Ltd. 2.5
Hoya Corp. 2.4
Eurofins Scientific SE 2.3
Nomura Research Institute Ltd. 2.3
AstraZeneca PLC 2.3
Alimentation Couche-Tard, Inc., Class B 2.2
Wolters Kluwer N.V. 2.2
Hermes International 2.2
Total 23.5%

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.
Page 15

Table of Contents
Nasdaq® and Dorsey Wright Momentum Plus Low Volatility™ Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

Table of Contents
Notes to Fund Performance Overview (Unaudited)
Total returns for the periods 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 First Trust SMID Cap Rising Dividend Achievers ETF, First Trust Indxx Innovative Transaction & Process ETF, First Trust Nasdaq Artificial Intelligence and Robotics ETF, First Trust Dorsey Wright Momentum & Value ETF, First Trust Dorsey Wright Momentum & Low Volatility ETF or First Trust International Developed Capital Strength 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 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)
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
Actual $1,000.00 $1,006.10 0.60% $3.02
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Actual $1,000.00 $1,064.10 0.65% $3.36
Hypothetical (5% return before expenses) $1,000.00 $1,021.81 0.65% $3.29
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
Actual $1,000.00 $1,028.00 0.65% $3.30
Hypothetical (5% return before expenses) $1,000.00 $1,021.81 0.65% $3.29
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
Actual $1,000.00 $1,061.40 0.60% $3.10
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
Actual $1,000.00 $1,117.80 0.60% $3.19
Hypothetical (5% return before expenses) $1,000.00 $1,022.06 0.60% $3.04
First Trust International Developed Capital Strength ETF (FICS)
Actual $1,000.00 $1,094.20 0.70% $3.67
Hypothetical (5% return before expenses) $1,000.00 $1,021.56 0.70% $3.55
    
(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
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments
September 30, 2021
Shares   Description   Value
COMMON STOCKS – 99.9%
    Aerospace & Defense – 1.0%    
10,922   Huntington Ingalls Industries, Inc.   $2,108,601
    Air Freight & Logistics – 1.0%    
17,220   Expeditors International of Washington, Inc.   2,051,419
    Auto Components – 1.0%    
49,632   BorgWarner, Inc.   2,144,599
    Banks – 17.3%    
105,042   Associated Banc-Corp.   2,250,000
53,547   Cathay General Bancorp   2,216,310
39,387   Eagle Bancorp, Inc.   2,264,753
29,497   East West Bancorp, Inc.   2,287,197
139,960   First Horizon Corp.   2,279,948
66,407   Hilltop Holdings, Inc.   2,169,517
102,616   KeyCorp   2,218,558
15,488   M&T Bank Corp.   2,312,978
29,087   Popular, Inc.   2,259,187
32,267   Prosperity Bancshares, Inc.   2,295,152
107,425   Regions Financial Corp.   2,289,227
8,144   Signature Bank   2,217,448
52,899   Synovus Financial Corp.   2,321,737
21,654   Western Alliance Bancorp   2,356,388
28,421   Wintrust Financial Corp.   2,284,196
37,309   Zions Bancorp N.A.   2,309,054
        36,331,650
    Building Products – 5.9%    
32,632   A.O. Smith Corp.   1,992,836
19,727   Advanced Drainage Systems, Inc.   2,133,870
15,385   Allegion PLC   2,033,589
10,677   Carlisle Cos., Inc.   2,122,481
19,961   Simpson Manufacturing Co., Inc.   2,135,228
30,578   UFP Industries, Inc.   2,078,693
        12,496,697
    Capital Markets – 4.0%    
15,415   Evercore, Inc., Class A   2,060,523
58,296   Jefferies Financial Group, Inc.   2,164,530
45,142   Lazard Ltd., Class A   2,067,504
23,894   Raymond James Financial, Inc.   2,204,938
        8,497,495
    Chemicals – 2.1%    
14,305   Celanese Corp.   2,154,905
19,098   Stepan Co.   2,156,928
        4,311,833
    Commercial Services &
Supplies – 2.0%
   
14,722   Tetra Tech, Inc.   2,198,584
9,562   UniFirst Corp.   2,033,072
        4,231,656
Shares   Description   Value
    Construction & Engineering – 1.0%    
42,398   Arcosa, Inc.   $2,127,108
    Consumer Finance – 2.0%    
40,594   Ally Financial, Inc.   2,072,324
117,694   SLM Corp.   2,071,414
        4,143,738
    Diversified Consumer
Services – 1.0%
   
30,053   Strategic Education, Inc.   2,118,736
    Electric Utilities – 1.0%    
50,626   NRG Energy, Inc.   2,067,060
    Electronic Equipment,
Instruments & Components – 2.9%
   
23,979   Cognex Corp.   1,923,595
49,439   Methode Electronics, Inc.   2,078,910
104,062   Vishay Intertechnology, Inc.   2,090,606
        6,093,111
    Food & Staples Retailing – 1.0%    
11,081   Casey’s General Stores, Inc.   2,088,214
    Food Products – 1.0%    
527   Seaboard Corp.   2,160,695
    Household Durables – 4.7%    
50,075   KB Home   1,948,919
41,320   MDC Holdings, Inc.   1,930,471
43,797   PulteGroup, Inc.   2,011,158
33,869   Toll Brothers, Inc.   1,872,617
10,115   Whirlpool Corp.   2,062,044
        9,825,209
    Insurance – 6.0%    
16,134   American Financial Group, Inc.   2,030,141
18,295   Cincinnati Financial Corp.   2,089,655
91,275   CNO Financial Group, Inc.   2,148,613
54,030   Employers Holdings, Inc.   2,133,645
46,227   Fidelity National Financial, Inc.   2,095,932
31,681   First American Financial Corp.   2,124,211
        12,622,197
    Internet & Direct Marketing
Retail – 1.0%
   
17,856   Shutterstock, Inc.   2,023,442
    IT Services – 3.9%    
43,359   Genpact Ltd.   2,059,986
25,450   Maximus, Inc.   2,117,440
21,774   TTEC Holdings, Inc.   2,036,522
102,412   Western Union (The) Co.   2,070,771
        8,284,719
 
Page 18
See Notes to Financial Statements

Table of Contents
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments (Continued)
September 30, 2021
Shares   Description   Value
COMMON STOCKS (Continued)
    Leisure Products – 3.9%    
42,024   Acushnet Holdings Corp.   $1,962,521
21,867   Brunswick Corp.   2,083,269
19,508   Johnson Outdoors, Inc., Class A   2,063,946
28,670   Sturm Ruger & Co., Inc.   2,115,273
        8,225,009
    Machinery – 6.8%    
16,876   AGCO Corp.   2,067,816
23,201   Crane Co.   2,199,687
28,337   Graco, Inc.   1,982,740
9,871   IDEX Corp.   2,042,803
19,692   Oshkosh Corp.   2,015,870
9,974   Snap-on, Inc.   2,084,067
20,714   Toro (The) Co.   2,017,751
        14,410,734
    Media – 2.0%    
1,082   Cable One, Inc.   1,961,807
120,492   EW Scripps (The) Co., Class A   2,176,085
        4,137,892
    Metals & Mining – 1.9%    
20,371   Royal Gold, Inc.   1,945,227
39,767   Worthington Industries, Inc.   2,095,721
        4,040,948
    Multiline Retail – 0.9%    
44,679   Big Lots, Inc.   1,937,281
    Oil, Gas & Consumable Fuels – 1.0%    
64,809   World Fuel Services Corp.   2,178,879
    Paper & Forest Products – 1.0%    
34,897   Louisiana-Pacific Corp.   2,141,629
    Personal Products – 1.8%    
9,702   Medifast, Inc.   1,868,993
48,891   Nu Skin Enterprises, Inc., Class A   1,978,619
        3,847,612
    Professional Services – 5.1%    
26,653   Booz Allen Hamilton Holding Corp.   2,114,916
20,103   Insperity, Inc.   2,226,206
16,322   Jacobs Engineering Group, Inc.   2,163,155
34,924   Kforce, Inc.   2,082,867
21,074   Robert Half International, Inc.   2,114,354
        10,701,498
    Road & Rail – 1.0%    
13,302   Landstar System, Inc.   2,099,322
Shares   Description   Value
    Semiconductors &
Semiconductor Equipment – 3.7%
   
78,141   Amkor Technology, Inc.   $1,949,618
16,373   CMC Materials, Inc.   2,017,645
16,129   Entegris, Inc.   2,030,641
10,882   Universal Display Corp.   1,860,387
        7,858,291
    Software – 2.0%    
22,830   Dolby Laboratories, Inc., Class A   2,009,040
46,217   Progress Software Corp.   2,273,414
        4,282,454
    Specialty Retail – 2.8%    
15,974   Dick’s Sporting Goods, Inc.   1,913,206
34,373   Rent-A-Center, Inc.   1,932,106
11,491   Williams-Sonoma, Inc.   2,037,699
        5,883,011
    Technology Hardware,
Storage & Peripherals – 1.0%
   
23,668   NetApp, Inc.   2,124,440
    Thrifts & Mortgage Finance – 2.1%    
142,775   MGIC Investment Corp.   2,135,914
97,098   Radian Group, Inc.   2,206,067
        4,341,981
    Trading Companies &
Distributors – 2.1%
   
39,333   Boise Cascade Co.   2,123,195
58,123   Global Industrial Co.   2,202,281
        4,325,476
    Wireless Telecommunication
Services – 1.0%
   
107,375   Telephone & Data Systems, Inc.   2,093,812
    Total Investments – 99.9%   210,358,448
    (Cost $214,914,283) (a)    
    Net Other Assets and Liabilities – 0.1%   314,663
    Net Assets – 100.0%   $210,673,111
    

(a) Aggregate cost for federal income tax purposes was $215,839,569. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $5,040,390 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $10,521,511. The net unrealized depreciation was $5,481,121.
 
See Notes to Financial Statements
Page 19

Table of Contents
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments (Continued)
September 30, 2021

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2021 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):
  Total
Value at
9/30/2021
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks* $210,358,448 $210,358,448 $ $
    
* See Portfolio of Investments for industry breakout.
Page 20
See Notes to Financial Statements

Table of Contents
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments
September 30, 2021
Shares   Description   Value
COMMON STOCKS – 99.9%
    Aerospace & Defense – 2.6%    
8,342   Airbus SE (a) (b)   $1,105,948
5,308   Boeing (The) Co. (b)   1,167,441
3,256   Lockheed Martin Corp.   1,123,646
        3,397,035
    Automobiles – 2.7%    
12,222   Bayerische Motoren Werke AG (a)   1,160,834
14,032   Daimler AG (a)   1,238,067
1,505   Tesla, Inc. (b)   1,167,097
        3,565,998
    Banks – 28.4%    
55,950   Australia & New Zealand Banking Group Ltd. (a)   1,123,619
105,654   Axis Bank Ltd. (a) (b)   1,083,152
174,375   Banco Bilbao Vizcaya Argentaria S.A. (a)   1,150,981
313,896   Banco Santander S.A. (a)   1,137,046
27,749   Bank of America Corp.   1,177,945
3,189,875   Bank of China Ltd., Class H (a)   1,127,096
1,920,459   Bank of Communications Co., Ltd., Class H (a)   1,136,713
451,398   Barclays PLC (a)   1,146,993
17,886   BNP Paribas S.A. (a) (c)   1,144,359
370,235   BOC Hong Kong Holdings Ltd. (a)   1,115,674
3,641,197   China CITIC Bank Corp., Ltd., Class H (a)   1,641,190
2,333,469   China Construction Bank Corp., Class H (a)   1,665,357
132,968   China Merchants Bank Co., Ltd., Class H (a)   1,058,179
16,121   Citigroup, Inc.   1,131,372
50,400   DBS Group Holdings Ltd. (a)   1,116,795
14,980   HDFC Bank, Ltd., ADR   1,094,888
217,923   HSBC Holdings PLC (a)   1,139,449
58,158   ICICI Bank, Ltd., ADR   1,097,441
3,005,100   Industrial & Commercial Bank of China Ltd., Class H (a)   1,665,799
82,249   ING Groep N.V., ADR (c)   1,191,788
7,134   JPMorgan Chase & Co.   1,167,764
13,367   KBC Group N.V. (a)   1,205,764
45,924   Kotak Mahindra Bank Ltd. (a)   1,235,927
496,002   Lloyds Banking Group PLC, ADR   1,215,205
296,822   Mitsubishi UFJ Financial Group, Inc., ADR (c)   1,760,154
139,272   Nordea Bank Abp (a)   1,805,055
1,522,827   Postal Savings Bank of China Co., Ltd., Class H (a) (d) (e)   1,046,875
11,066   Royal Bank of Canada   1,101,096
95,316   Sberbank of Russia PJSC, ADR (a)   1,777,028
Shares   Description   Value
    Banks (Continued)    
60,123   Westpac Banking Corp. (a)   $1,111,884
        37,572,588
    Capital Markets – 6.5%    
21,480   Bank of New York Mellon (The) Corp.   1,113,523
5,903   CME Group, Inc.   1,141,522
6,655   Deutsche Boerse AG (a)   1,079,884
2,809   Goldman Sachs Group (The), Inc.   1,061,886
10,138   London Stock Exchange Group PLC (a)   1,015,911
5,738   Nasdaq, Inc.   1,107,549
658   Partners Group Holding AG (a)   1,026,901
68,482   UBS Group AG (a)   1,093,084
        8,640,260
    Communications Equipment – 2.8%    
19,384   Cisco Systems, Inc.   1,055,071
192,191   Nokia Oyj, ADR (b)   1,047,441
142,908   Telefonaktiebolaget LM Ericsson, Class B (a)   1,612,993
        3,715,505
    Diversified Telecommunication
Services – 4.6%
   
62,135   AT&T, Inc.   1,678,266
81,308   Deutsche Telekom AG (a)   1,630,567
2,925   Swisscom AG (a)   1,683,282
20,864   Verizon Communications, Inc.   1,126,864
        6,118,979
    Electric Utilities – 1.5%    
93,544   Iberdrola S.A. (a)   941,093
10,235   Verbund AG (a)   1,035,116
        1,976,209
    Electronic Equipment,
Instruments & Components – 0.8%
   
1,773   Samsung SDI Co., Ltd. (a)   1,057,985
    Food & Staples Retailing – 1.6%    
24,623   Kroger (The) Co.   995,508
7,757   Walmart, Inc.   1,081,171
        2,076,679
    Household Durables – 1.6%    
561,093   Haier Smart Home Co., Ltd., Class D (a)   961,203
10,331   Sony Corp., ADR   1,142,402
        2,103,605
 
See Notes to Financial Statements
Page 21

Table of Contents
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2021
Shares   Description   Value
COMMON STOCKS (Continued)
    Industrial Conglomerates – 1.2%    
7,642   Honeywell International, Inc.   $1,622,244
    Insurance – 4.2%    
94,607   AIA Group Ltd. (a)   1,088,398
4,951   Allianz SE (a)   1,109,250
20,770   American International Group, Inc.   1,140,065
41,162   AXA S.A. (a)   1,140,733
132,074   China Life Insurance Co., Ltd., ADR (c)   1,077,724
        5,556,170
    Interactive Media & Services – 1.2%    
10,410   Baidu, Inc., ADR (b)   1,600,537
    Internet & Direct Marketing
Retail – 3.5%
   
10,184   Alibaba Group Holding Ltd., ADR (b)   1,507,741
490   Amazon.com, Inc. (b)   1,609,670
21,228   JD.com, Inc., ADR (b)   1,533,511
        4,650,922
    IT Services – 13.1%    
4,994   Accenture PLC, Class A   1,597,680
7,609   Capgemini SE (a)   1,577,930
22,278   Cognizant Technology Solutions Corp., Class A   1,653,250
8,700   Fujitsu Ltd. (a)   1,572,183
74,302   Infosys Ltd., ADR   1,653,219
12,368   International Business Machines Corp.   1,718,286
4,848   Mastercard, Inc., Class A   1,685,553
5,938   PayPal Holdings, Inc. (b)   1,545,127
33,028   Tata Consultancy Services Ltd. (a)   1,673,802
4,992   Visa, Inc., Class A   1,111,968
180,867   Wipro Ltd., ADR   1,597,056
        17,386,054
    Marine – 1.1%    
550   AP Moller - Maersk A.S., Class B (a)   1,488,900
    Metals & Mining – 1.6%    
37,614   BHP Group Ltd. (a)   1,004,589
15,762   Rio Tinto PLC, ADR   1,053,217
        2,057,806
    Multi-Utilities – 1.2%    
120,103   Engie S.A. (a)   1,571,331
    Oil, Gas & Consumable Fuels – 2.4%    
191,348   Gazprom PJSC, ADR (a)   1,891,195
Shares   Description   Value
    Oil, Gas & Consumable
Fuels (Continued)
   
28,865   Royal Dutch Shell PLC, ADR, Class A   $1,286,513
        3,177,708
    Semiconductors &
Semiconductor Equipment – 7.0%
   
16,051   Advanced Micro Devices, Inc. (b)   1,651,648
26,180   Infineon Technologies AG (a)   1,070,715
31,904   Intel Corp.   1,699,845
23,381   Micron Technology, Inc.   1,659,583
7,683   NVIDIA Corp.   1,591,610
13,887   Taiwan Semiconductor Manufacturing Co., Ltd., ADR   1,550,484
        9,223,885
    Software – 7.1%    
5,732   Microsoft Corp.   1,615,965
19,028   Oracle Corp.   1,657,910
6,535   salesforce.com, Inc. (b)   1,772,423
11,696   SAP SE (a)   1,581,641
11,706   VMware, Inc., Class A (b) (c)   1,740,682
4,208   Workday, Inc., Class A (b)   1,051,537
        9,420,158
    Specialty Retail – 0.8%    
3,423   Home Depot (The), Inc.   1,123,634
    Technology Hardware,
Storage & Peripherals – 1.2%
   
26,458   Samsung Electronics Co., Ltd. (a)   1,640,253
    Wireless Telecommunication
Services – 1.2%
   
118,100   Softbank Corp. (a)   1,602,002
    Total Common Stocks   132,346,447
    (Cost $116,967,023)    
MONEY MARKET FUNDS – 2.0%
2,623,642   Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.01% (f) (g)   2,623,642
    (Cost $2,623,642)    
 
Page 22
See Notes to Financial Statements

Table of Contents
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2021
Principal
Value
  Description   Value
REPURCHASE AGREEMENTS – 2.0%
$2,722,196   BNP Paribas S.A., 0.03% (f), dated 9/30/21, due 10/1/21, with a maturity value of $2,722,198. Collateralized by U.S. Treasury Note, interest rates of 0.375% to 0.750%, due 4/15/24 to 1/31/28. The value of the collateral including accrued interest is $2,791,343 (g)   $2,722,196
    (Cost $2,722,196)    
    Total Investments – 103.9%   137,692,285
    (Cost $122,312,861) (h)    
    Net Other Assets and Liabilities – (3.9)%   (5,180,235)
    Net Assets – 100.0%   $132,512,050
    

(a) This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Trust’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940, as amended. At September 30, 2021, securities noted as such are valued at $63,290,725 or 47.8% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.
(b) Non-income producing security.
(c) All or a portion of this security is on loan. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $5,104,400 and the total value of the collateral held by the Fund is $5,345,838.
(d) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”).
(e) This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities.
(f) Rate shown reflects yield as of September 30, 2021.
(g) This security serves as collateral for securities on loan.
(h) Aggregate cost for federal income tax purposes was $123,659,774. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $17,602,832 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $3,570,321. The net unrealized appreciation was $14,032,511.
    
ADR American Depositary Receipt
 
See Notes to Financial Statements
Page 23

Table of Contents
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2021

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2021 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):
  Total
Value at
9/30/2021
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks:        
Aerospace & Defense $3,397,035 $2,291,087 $1,105,948 $
Automobiles 3,565,998 1,167,097 2,398,901
Banks 37,572,588 10,937,653 26,634,935
Capital Markets 8,640,260 4,424,480 4,215,780
Communications Equipment 3,715,505 2,102,512 1,612,993
Diversified Telecommunication Services 6,118,979 2,805,130 3,313,849
Food & Staples Retailing 2,076,679 2,076,679
Household Durables 2,103,605 1,142,402 961,203
Industrial Conglomerates 1,622,244 1,622,244
Insurance 5,556,170 2,217,789 3,338,381
Interactive Media & Services 1,600,537 1,600,537
Internet & Direct Marketing Retail 4,650,922 4,650,922
IT Services 17,386,054 12,562,139 4,823,915
Metals & Mining 2,057,806 1,053,217 1,004,589
Oil, Gas & Consumable Fuels 3,177,708 1,286,513 1,891,195
Semiconductors & Semiconductor Equipment 9,223,885 8,153,170 1,070,715
Software 9,420,158 7,838,517 1,581,641
Specialty Retail 1,123,634 1,123,634
Other industry categories* 9,336,680 9,336,680
Money Market Funds 2,623,642 2,623,642
Repurchase Agreements 2,722,196 2,722,196
Total Investments $137,692,285 $71,679,364 $66,012,921 $
    
* See Portfolio of Investments for industry breakout.

Offsetting Assets and Liabilities

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2D – Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).
The Fund’s loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:
Security Lending Agency Agreement  
Total gross amount presented on the Statements of Assets and Liabilities (1) $5,104,400
Non-cash Collateral (2) (5,104,400)
Net Amount $
    
(1) The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis.
(2) At September 30, 2021, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments.
    
Repurchase Agreements  
Total gross amount presented on the Statements of Assets and Liabilities (3) $2,722,196
Non-cash Collateral (4) (2,722,196)
Net Amount $
    
(3) The amount is included in “Investments, at value” on the Statements of Assets and Liabilities.
(4) At September 30, 2021, the value of the collateral received from each seller exceeded the value of the repurchase agreements.
    
 
Page 24
See Notes to Financial Statements

Table of Contents
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2021
Currency Exposure
Diversification
% of Total
Investments
United States Dollar 55.9%
Euro 17.2
Hong Kong Dollar 8.4
Indian Rupee 2.9
Swiss Franc 2.8
British Pound Sterling 2.4
Australian Dollar 2.3
Japanese Yen 2.3
South Korean Won 1.9
Swedish Krona 1.2
Danish Krone 1.1
Singapore Dollar 0.8
Canadian Dollar 0.8
Total 100.0%
See Notes to Financial Statements
Page 25

Table of Contents
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments
September 30, 2021
Shares   Description   Value
COMMON STOCKS – 99.0%
    Aerospace & Defense – 6.1%    
54,254   AeroVironment, Inc. (a)   $4,683,205
38,136   Elbit Systems Ltd. (b)   5,522,033
2,830   Northrop Grumman Corp.   1,019,225
1,166,868   QinetiQ Group PLC (b)   5,050,769
        16,275,232
    Auto Components – 4.1%    
6,839   Aptiv PLC (a)   1,018,806
7,747   Continental AG (a) (b)   841,004
14,600   Denso Corp. (b)   953,341
180,299   Gentex Corp.   5,946,261
13,195   Magna International, Inc.   992,792
36,629   Valeo S.A. (b)   1,022,237
1,310   Vitesco Technologies Group AG (a)   77,389
        10,851,830
    Automobiles – 0.8%    
26,488   NIO, Inc., ADR (a)   943,767
1,414   Tesla, Inc. (a)   1,096,529
        2,040,296
    Communications Equipment – 1.9%    
97,203   Ciena Corp. (a)   4,991,374
    Electrical Equipment – 3.3%    
49,331   ABB Ltd. (b)   1,650,212
9,871   Emerson Electric Co.   929,848
76,200   Mitsubishi Electric Corp. (b)   1,058,997
16,100   Nidec Corp. (b)   1,774,864
5,612   Rockwell Automation, Inc.   1,650,152
10,226   Schneider Electric SE (b)   1,703,182
        8,767,255
    Electronic Equipment,
Instruments & Components – 11.1%
   
20,612   Cognex Corp.   1,653,495
187,154   Delta Electronics, Inc. (b)   1,676,932
26,497   FARO Technologies, Inc. (a)   1,743,768
320,885   Hexagon AB, Class B (b)   4,963,447
2,900   Keyence Corp. (b)   1,730,926
43,681   National Instruments Corp.   1,713,606
19,400   Omron Corp. (b)   1,919,680
326,800   Topcon Corp. (b)   5,683,244
58,937   Trimble, Inc. (a)   4,847,568
116,600   Yokogawa Electric Corp. (b)   2,033,686
3,111   Zebra Technologies Corp., Class A (a)   1,603,472
        29,569,824
    Entertainment – 0.4%    
59,100   DeNA Co., Ltd. (b)   1,096,230
Shares   Description   Value
    Health Care Equipment &
Supplies – 3.8%
   
2,524,184   Asensus Surgical, Inc. (a) (c)   $4,669,740
450,000   CYBERDYNE, Inc. (a) (b) (c)   1,753,739
1,732   Intuitive Surgical, Inc. (a)   1,721,868
7,801   Medtronic PLC   977,855
3,760   Stryker Corp.   991,587
        10,114,789
    Health Care Technology – 0.7%    
6,705   Omnicell, Inc. (a)   995,223
7,209   Teladoc Health, Inc. (a)   914,173
        1,909,396
    Household Durables – 2.4%    
68,459   iRobot Corp. (a)   5,374,032
10,100   Sony Group Corp. (b)   1,121,289
        6,495,321
    Industrial Conglomerates – 0.4%    
6,265   Siemens AG (b)   1,024,647
    Interactive Media & Services – 1.1%    
362   Alphabet, Inc., Class A (a)   967,814
6,630   Baidu, Inc., ADR (a)   1,019,363
2,747   NAVER Corp. (b)   891,311
        2,878,488
    Internet & Direct Marketing
Retail – 1.1%
   
6,233   Alibaba Group Holding Ltd., ADR (a)   922,796
300   Amazon.com, Inc. (a)   985,512
13,256   JD.com, Inc., ADR (a)   957,613
        2,865,921
    IT Services – 5.3%    
9,194   Akamai Technologies, Inc. (a)   961,600
107,013   Atos SE (b)   5,684,728
7,777   Endava PLC, ADR (a)   1,056,505
7,418   International Business Machines Corp.   1,030,583
29,200   Obic Co., Ltd. (b)   5,552,613
        14,286,029
    Life Sciences Tools &
Services – 2.5%
   
12,145   Illumina, Inc. (a)   4,926,133
2,996   Tecan Group AG (b)   1,696,886
        6,623,019
    Machinery – 9.2%    
31,802   ANDRITZ AG (b)   1,742,932
 
Page 26
See Notes to Financial Statements

Table of Contents
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments (Continued)
September 30, 2021
Shares   Description   Value
COMMON STOCKS (Continued)
    Machinery (Continued)    
50,599   ATS Automation Tooling Systems, Inc. (a)