First Trust Exchange-Traded Fund VI

Book 1

 

First Trust NASDAQ Technology Dividend Index Fund (TDIV)

Multi-Asset Diversified Income Index Fund (MDIV)

First Trust S&P International Dividend Aristocrats ETF (FID)

First Trust BuyWrite Income ETF (FTHI)

First Trust Nasdaq BuyWrite Income ETF (FTQI)

First Trust Rising Dividend Achievers ETF (RDVY)

First Trust Dorsey Wright Focus 5 ETF (FV)

First Trust RBA American Industrial Renaissance® ETF (AIRR)

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)

First Trust Dorsey Wright International Focus 5 ETF (IFV)

First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)

First Trust Indxx Innovative Transaction & Process ETF (LEGR)

First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)

First Trust International Developed Capital Strength ETF (FICS)

Semi-Annual Report
For the Six Months Ended
March 31, 2023

Table of Contents
First Trust Exchange-Traded Fund VI
Semi-Annual Report
March 31, 2023

2

3
Fund Performance Overview

4

6

8

11

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15

17

19

21

23

25

27

29

31

33

34
Portfolio of Investments

36

38

43

46

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124

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 objectives. 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
March 31, 2023
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 March 31, 2023.
I am constantly amazed by the depth and breadth of innovation that occurs when people from different geographic, economic, cultural, and educational backgrounds come together to solve problems. Many of the greatest companies to ever exist found their humble beginnings in the simple premise that problems are best solved through ingenuity and cooperation. That idea is still alive and well today, in my opinion. Take, as examples, the recent flood of interest sparked by artificial intelligence programs, advances in robotics, new medicines, more fuel-efficient gasoline engines, electric and hybrid vehicles, quantum computing, developments in wind and solar power; the list goes on and on. That said, the global economy is facing serious issues such as stubborn inflation and the specter of slowing economic growth to name a few.
As many investors know, the global financial system is currently navigating the fallout of the banking crisis that took lending markets by storm in March 2023. The turmoil that started in the U.S. with the failure of Silicon Valley Bank quickly spread around the globe, leading the Swiss government to broker the merger of two of Switzerland’s largest banks. In the U.S., the Federal Reserve (the “Fed”) created the Bank Term Funding Program, which allocated capital to help assure that banks can meet the needs of their depositors. Furthermore, inflation remains elevated on a global scale. Each of the countries that comprise the so-called Group of Ten is currently battling levels of inflation that are higher than the targets set by their central banks, according to data from Bloomberg. Additionally, political unrest stemming from the war between Russia and Ukraine remains a significant factor, with the potential to disturb global fuel and energy supplies as well as provoke interference from other foreign powers.
In the U.S., inflation, as measured by the trailing 12-month rate on the Consumer Price Index, stood at 5.0% as of March 31, 2023, well above the Fed’s stated goal of 2.0%. Despite signals pointing to a potential slowdown in economic growth in the U.S., the Fed stayed the course with regards to interest rate policy. Since February 28, 2022, the Fed raised the Federal Funds target rate (upper bound) a total of nine times, increasing the rate from 0.25%, where it stood on February 28, 2022, to 5.00% as of March 31, 2023.
Global markets have been resilient over time, and the S&P 500® Index has never failed to recover from a bear market. While the issues plaguing the U.S. and global economies are severe, they are not insurmountable, in my view. As Brian Wesbury, Chief Economist at First Trust, recently wrote: “what made America strong is…its human resources and freedom.” We will continue to work the problems before us with ingenuity and resolve, as we always have.
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.
Page 2

Table of Contents
Market Overview
First Trust Exchange-Traded Fund VI
Semi-Annual Report
March 31, 2023
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 latest global growth forecast from the International Monetary Fund (“IMF”) released in April 2023 sees real gross domestic product growth rising by 2.8% worldwide in 2023, down from its 2.9% projection in January 2023. The IMF is calling for a 1.6% growth rate for the U.S., up from its January 2023 estimate of 1.4%. Emerging Market and Developing Economies are expected to grow by 3.9% this year, down from the IMF’s 4.0% estimate in January 2023. The IMF notes that risks to their global outlook are squarely to the downside, especially given the recent turmoil in the Financials sector as well as stubbornly high inflation.
In the U.S., inflation, as measured by the Consumer Price Index (“CPI”), stood at 5.0% on a trailing 12-month basis at the end of March 2023, according to the U.S. Bureau of Labor Statistics. While this is significantly lower than the most recent high of 9.1% in June 2022, the CPI remains above its 30-year average of 2.5% as of March 31, 2023, and even further from the Federal Reserve’s (the “Fed”) target of 2.0%.
Performance of Global Stocks and Bonds
The major U.S. stock indices delivered positive results over the past six months. The S&P 500® (the “Index”), S&P MidCap 400® and S&P SmallCap 600® Indices posted total returns of 15.62%, 15.00% and 12.00%, respectively, for the six-month period ended March 31, 2023. Each of the 11 major sectors that comprise the Index were up on a total return basis. The top performer was the Information Technology sector, up 27.59%, while the worst showing came from the Consumer Discretionary sector, up 4.31%.
A Bloomberg survey of twenty-four equity strategists found that their average 2023 year-end price target for the Index was 4,025, as of April 19, 2023, according to its own release. The highest and lowest estimates were 4,750 and 3,225, respectively. Brian Wesbury, Chief Economist at First Trust, announced in December 2022 that his 2023 year-end price target stood at 3,900. The Index closed trading on March 31, 2023, at 4,109. The outlook for corporate earnings in 2023 has turned negative. Bloomberg’s consensus year-over-year earnings growth rate estimates for the Index for the 2023 and 2024 calendar years stood at -2.67% and 11.56%, respectively, as of April 21, 2023.
The broader foreign stock indices posted positive total returns over the past six months. Between September 30, 2022, and March 31, 2023, the MSCI World ex USA and MSCI Emerging Markets equity indices posted total returns of 25.50% (USD) and 14.04% (USD), respectively, according to Bloomberg. The major foreign bond indices were also up over the same period. The Bloomberg Global Aggregate Index of higher quality debt posted a total return of 7.69% (USD), while the Bloomberg EM Hard Currency Aggregate Index of emerging markets debt increased by 9.87% (USD), according to Bloomberg. The U.S. dollar fell by 8.57% over the past six months against a basket of major currencies, as measured by the U.S. Dollar Index (DXY). The sizable decline in the dollar provided a boost to the performance of both foreign stock and bond indices, in our opinion.
Results were also positive in the U.S. bond market over the period. The top performing major debt group we track was long-term municipal bonds. The Bloomberg Municipal Bond: Long Bond (22+ Years) Index posted a total return of 9.68% for the six-month period ended March 31, 2023. The worst-performing U.S. debt group that we track was intermediate U.S. Treasuries. The Bloomberg U.S. Treasury: Intermediate Index posted a total return of 3.31%. The yield on the benchmark 10-Year Treasury Note (“T-Note”) fell by 36 basis points in the period to close at 3.47% on March 31, 2023, according to Bloomberg. For comparative purposes, the average yield on the 10-Year T-Note was 2.19% for the 10-year period ended March 31, 2023.
Page 3

Table of Contents
Fund Performance Overview (Unaudited)
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
The First Trust NASDAQ Technology Dividend Index Fund (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 Technology DividendTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “TDIV.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index.
The Index includes up to 100 technology and telecommunications companies that pay a regular or common dividend. To be selected for the Index, a company must be classified as a technology or telecommunications company under the Industry Classification Benchmark and have a minimum market capitalization of $500 million. The Index may include U.S.-listed securities of non-U.S. companies, including companies located in emerging market countries.
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
10 Years
Ended
3/31/23
Inception
(8/13/12)
to 3/31/23
  5 Years
Ended
3/31/23
10 Years
Ended
3/31/23
Inception
(8/13/12)
to 3/31/23
Fund Performance                  
NAV 25.53% -5.86% 11.20% 12.45% 12.60%   70.02% 223.38% 252.97%
Market Price 25.48% -5.97% 11.16% 12.44% 12.59%   69.75% 223.13% 252.87%
Index Performance                  
Nasdaq Technology DividendTM Index 25.99% -5.33% 11.91% 13.17% 13.32%   75.52% 244.71% 277.81%
S&P 500® Index 15.62% -7.73% 11.19% 12.24% 12.80%   69.94% 217.36% 259.84%
S&P 500® Information Technology Index 27.59% -4.55% 19.64% 20.14% 18.96%   145.10% 526.59% 533.14%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and Nasdaq Technology DividendTM 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 NASDAQ Technology Dividend Index Fund (TDIV) (Continued)
Sector Allocation % of Total
Investments
Information Technology 87.1%
Communication Services 11.9
Industrials 1.0
Health Care 0.0*
Total 100.0%
    
* Amount is less than 0.1%.
Top Ten Holdings % of Total
Investments
Intel Corp. 9.7%
Microsoft Corp. 8.6
Apple, Inc. 8.3
Broadcom, Inc. 8.0
International Business Machines Corp. 7.5
Texas Instruments, Inc. 4.0
Oracle Corp. 4.0
QUALCOMM, Inc. 3.8
Analog Devices, Inc. 2.5
Motorola Solutions, Inc. 2.0
Total 58.4%

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)
Multi-Asset Diversified Income Index Fund (MDIV)
The Multi-Asset Diversified Income Index Fund (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 Multi-Asset Diversified IncomeTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “MDIV.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and/or depositary receipts, real estate investment trusts (“REITs”), preferred securities, master limited partnerships (“MLPs”) and exchange-traded fund (“ETF”) that comprise the Index.  The Index allocates 20% of its weight to the equity securities segment, 20% of its weight to the REIT segment, 20% of its weight to the preferred stocks segment, 20% of its weight to the MLP segment and 20% of its weight to an ETF that invests in high yield corporate debt securities. The ETF in which the Fund invests may be advised by First Trust Advisors L.P. 
The Index is designed to provide exposure to five asset segments, each selected to result in a consistent and high yield for the Index.  The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public.
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
10 Years
Ended
3/31/23
Inception
(8/13/12)
to 3/31/23
  5 Years
Ended
3/31/23
10 Years
Ended
3/31/23
Inception
(8/13/12)
to 3/31/23
Fund Performance                  
NAV 5.13% -6.93% 2.05% 2.14% 3.14%   10.70% 23.63% 38.92%
Market Price 5.41% -6.62% 2.11% 2.17% 3.17%   11.02% 23.94% 39.39%
Index Performance                  
Nasdaq US Multi-Asset Diversified IncomeTM Index 5.47% -6.41% 2.61% 2.76% 3.78%   13.77% 31.34% 48.40%
S&P 500® Index 15.62% -7.73% 11.19% 12.24% 12.80%   69.94% 217.36% 259.84%
Dow Jones U.S. Select DividendTM Index* 11.69% -4.58% 8.54% 10.48% 11.16%   50.62% 170.80% 207.92%
(See Notes to Fund Performance Overview on page 33.)

* The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield.
Nasdaq® and Nasdaq US Multi-Asset Diversified IncomeTM 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)
Multi-Asset Diversified Income Index Fund (MDIV) (Continued)
Sector Allocation % of Total
Investments
Financials 23.0%
Energy 21.9
Other* 21.1
Real Estate 17.0
Utilities 3.9
Consumer Staples 3.3
Industrials 3.0
Communication Services 2.4
Consumer Discretionary 2.1
Materials 1.6
Information Technology 0.4
Health Care 0.3
Total 100.0%
    
* Exchange-traded fund with holdings representing multiple sectors.
Top Ten Holdings % of Total
Investments
First Trust Tactical High Yield ETF 21.1%
Ready Capital Corp. 1.5
Icahn Enterprises, L.P. 1.5
Dorchester Minerals, L.P. 1.3
Starwood Property Trust, Inc. 1.2
Kimbell Royalty Partners, L.P. 1.2
Arbor Realty Trust, Inc. 1.1
Black Stone Minerals, L.P. 1.1
Sturm Ruger & Co., Inc. 1.1
WESCO International, Inc., Series A 1.1
Total 32.2%

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 S&P International Dividend Aristocrats ETF (FID)
The First Trust S&P International Dividend Aristocrats 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 S&P International Dividend Aristocrats Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “FID.” The Fund normally invests at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Index measures the performance of high dividend yielding companies that have followed a managed-dividends policy of increasing or maintaining dividends for at least ten consecutive years.
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(8/22/13)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(8/22/13)
to 3/31/23
Fund Performance              
NAV 16.18% -7.08% 1.13% 2.08%   5.79% 21.90%
Market Price 16.25% -7.17% 1.07% 2.10%   5.45% 22.05%
Index Performance              
S&P International Dividend Aristocrats Index(1) 16.56% -6.46% N/A N/A   N/A N/A
Dow Jones EPAC Select DividendTM Index(2) 24.05% -7.90% 2.44% 3.19%   12.79% 35.16%
MSCI World ex USA Index 25.50% -2.74% 3.83% 4.65%   20.70% 54.80%
(See Notes to Fund Performance Overview on page 33.)

(1) On August 30, 2018, the Fund’s underlying index changed from the Nasdaq International Multi-Asset Diversified IncomeTM Index to the S&P International Dividend Aristocrats Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to August 30, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of April 30, 2018, it was not in existence for all of the periods disclosed. The old index was terminated on November 23, 2018, so performance data does not exist for these time periods.
(2) The Dow Jones EPAC Select DividendTM Index measures the performance of a selected group of companies, from non-U.S. developed markets (Europe, Pacific Asia, and Canada), that have provided relatively high dividend yields on a consistent basis over time.
S&P International Dividend Aristocrats Index (“Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust.  S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Index.
Page 8

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust S&P International Dividend Aristocrats ETF (FID) (Continued)
Sector Allocation % of Total
Investments
Financials 25.3%
Real Estate 16.1
Utilities 15.5
Industrials 12.4
Consumer Discretionary 6.9
Materials 6.7
Energy 5.2
Communication Services 3.7
Consumer Staples 3.6
Information Technology 3.5
Health Care 1.1
Total 100.0%
    
Country Allocation % of Total
Investments
Canada 25.5%
Japan 19.0
Hong Kong 13.5
Switzerland 9.2
United Kingdom 7.7
Bermuda 4.6
Germany 4.2
Italy 3.1
Australia 2.7
France 1.7
Cayman Islands 1.6
Taiwan 1.5
Singapore 1.4
Ireland 1.1
South Korea 1.1
China 1.1
Norway 1.0
Total 100.0%
Top Ten Holdings % of Total
Investments
New World Development Co., Ltd. 2.0%
Adecco Group AG 2.0
Lenovo Group Ltd. 2.0
A2A S.p.A. 2.0
Guangdong Investment Ltd. 1.7
BASF SE 1.7
Bouygues S.A. 1.7
Legal & General Group PLC 1.6
Longfor Group Holdings Ltd. 1.6
JB Hi-Fi Ltd. 1.6
Total 17.9%
Page 9

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust S&P International Dividend Aristocrats ETF (FID) (Continued)

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 BuyWrite Income ETF (FTHI)
The First Trust BuyWrite Income ETF (the “Fund”) is an actively managed exchange-traded fund. The Fund’s primary investment objective is to provide current income. The Fund’s secondary investment objective is to provide capital appreciation. Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges. The Fund also employs an “option strategy” in which it will write (sell) U.S. exchange-traded call options on the S&P 500® Index (the “Index”) to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. The equity securities held by the Fund are selected using a mathematical optimization process which attempts to favor higher dividend paying common stocks for the Fund’s portfolio. The shares of the Fund are listed and trade on the Nasdaq Stock Market LLC under the ticker symbol “FTHI.”
Portfolio Management Team
Portfolio management decisions are made under the direction of the following Portfolio Managers:
John Gambla, CFA, FRM, PRM, Senior Portfolio Manager of First Trust
Rob A. Guttschow, CFA, Senior Portfolio Manager of First Trust
Each portfolio manager has served in such capacity for the Fund since 2014.
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
Fund Performance              
NAV 14.38% -3.77% 3.66% 5.28%   19.68% 60.73%
Market Price 14.12% -3.82% 3.56% 5.28%   19.13% 60.80%
Index Performance              
CBOE S&P 500 BuyWrite Monthly Index(1) 13.15% -6.86% 4.25% 5.44%   23.13% 63.12%
S&P 500® Index 15.62% -7.73% 11.19% 11.28%   69.94% 168.23%
(See Notes to Fund Performance Overview on page 33.)

(1) The CBOE S&P 500 BuyWrite Monthly Index is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the S&P 500® Index.
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Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust BuyWrite Income ETF (FTHI) (Continued)
Sector Allocation % of Total
Investments
Information Technology 25.0%
Financials 16.7
Health Care 13.7
Consumer Discretionary 9.5
Consumer Staples 9.0
Communication Services 7.6
Industrials 6.2
Energy 4.9
Materials 3.9
Utilities 1.9
Real Estate 1.6
Total 100.0%
    
Fund Allocation % of Net Assets
Common Stocks 96.4%
Real Estate Investment Trusts 3.8
Master Limited Partnerships 0.8
Call Options Written (2.8)
Net Other Assets and Liabilities 1.8
Total 100.0%
Top Ten Holdings % of Total
Investments
Apple, Inc. 7.1%
Microsoft Corp. 6.3
Amazon.com, Inc. 2.7
NVIDIA Corp. 2.0
Alphabet, Inc., Class A 1.8
Tesla, Inc. 1.7
Berkshire Hathaway, Inc., Class B 1.6
Alphabet, Inc., Class C 1.6
AGNC Investment Corp. 1.4
UnitedHealth Group, Inc. 1.4
Total 27.6%

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 12

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Nasdaq BuyWrite Income ETF (FTQI)
The First Trust Nasdaq BuyWrite Income ETF (the “Fund”) is an actively managed exchange-traded fund. The Fund’s investment objective is to provide current income. Under normal market conditions, the Fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an “option strategy” consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index®. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the components of the Nasdaq Composite Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded call options on the Nasdaq-100 Index® in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party. In exchange for the premiums received in connection with its written U.S. exchange-traded call options on the Nasdaq-100 Index®, the Fund forfeits any upside potential of the Nasdaq-100 Index® above the strike price of the written call options. It is expected that the Fund will distribute premiums to shareholders on a monthly basis. The premiums received from the sale of call options are expected to be the Fund’s primary source of income. Under normal market conditions, the Fund will seek to distribute the majority of the option premiums collected. The Fund does not target a specific income level, but seeks to provide investors with current income primarily from options premiums through writing calls with a notional value of 50-100% of the Fund’s assets. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “FTQI.”
Portfolio Management Team
Portfolio management decisions are made under the direction of the following Portfolio Managers:
John Gambla, CFA, FRM, PRM, Senior Portfolio Manager of First Trust
Rob A. Guttschow, CFA, Senior Portfolio Manager of First Trust
Each portfolio manager has served in such capacity for the Fund since 2014.
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
Fund Performance              
NAV 14.14% -4.42% 2.27% 3.79%   11.89% 41.00%
Market Price 13.60% -4.79% 2.18% 3.76%   11.39% 40.60%
Index Performance              
CBOE Nasdaq-100 BuyWriteTM Index(1) 17.19% -6.12% 4.92% 6.46%   27.12% 78.16%
S&P 500® Index 15.62% -7.73% 11.19% 11.28%   69.94% 168.23%
Nasdaq-100 Index®(2) 20.72% -10.35% 15.96% 16.57%   109.65% 311.68%
(See Notes to Fund Performance Overview on page 33.)

(1) The Cboe Nasdaq-100 BuyWriteTM Index is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the Nasdaq-100 Index®. The index is a passive total return index based on (1) buying the Nasdaq-100 Index® stock index portfolio, and (2) “writing” (or selling) the near-term Nasdaq-100 Index® “covered” call option.
(2) On May 11, 2022, the Fund’s primary benchmark changed from the S&P 500® Index to the Nasdaq-100 Index® because the Advisor believes that the Nasdaq-100 Index® better reflects the investment strategies of the Fund.
Page 13

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Nasdaq BuyWrite Income ETF (FTQI) (Continued)
Sector Allocation % of Total
Investments
Information Technology 51.4%
Communication Services 11.7
Consumer Discretionary 10.6
Health Care 8.1
Consumer Staples 7.1
Financials 4.2
Real Estate 2.3
Industrials 2.1
Utilities 2.0
Materials 0.5
Total 100.0%
    
Fund Allocation % of Net Assets
Common Stocks 101.9%
Real Estate Investment Trusts 2.1
Call Options Written (5.3)
Net Other Assets and Liabilities 1.3
Total 100.0%
Top Ten Holdings % of Total
Investments
Apple, Inc. 12.9%
Microsoft Corp. 10.6
NVIDIA Corp. 4.2
PepsiCo, Inc. 3.1
Amazon.com, Inc. 3.1
Tesla, Inc. 2.6
Meta Platforms, Inc., Class A 2.4
Broadcom, Inc. 2.2
Alphabet, Inc., Class A 2.0
Alphabet, Inc., Class C 2.0
Total 45.1%

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 14

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Rising Dividend Achievers ETF (RDVY)
The First Trust 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 Nasdaq US Rising Dividend AchieversTM Index (the “Index”). The Fund normally invests at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Index includes 50 U.S. exchange-traded equity securities, including securities issued by non-U.S. companies that trade on U.S. securities exchanges in the form of depositary receipts. The Index is designed to provide access to a diversified portfolio of small, mid and large capitalization companies with a history of raising their dividends while exhibiting the characteristics to continue to do so in the future by including companies with strong cash balances, low debt and increasing earnings. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RDVY.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(1/6/14)
to 3/31/23
Fund Performance              
NAV 17.12% -6.07% 10.49% 11.19%   64.68% 166.18%
Market Price 17.04% -6.15% 10.48% 11.18%   64.60% 166.05%
Index Performance              
Nasdaq US Rising Dividend AchieversTM Index 17.44% -5.66% 11.07% 11.78%   69.07% 179.50%
Dow Jones U.S. Select DividendTM Index* 11.69% -4.58% 8.54% 9.87%   50.62% 138.33%
(See Notes to Fund Performance Overview on page 33.)

* The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield.
Nasdaq® and Nasdaq US Rising Dividend AchieversTM 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 15

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Rising Dividend Achievers ETF (RDVY) (Continued)
Sector Allocation % of Total
Investments
Financials 39.8%
Information Technology 16.0
Energy 12.4
Materials 12.1
Health Care 7.6
Communication Services 4.2
Industrials 4.0
Consumer Staples 2.0
Consumer Discretionary 1.9
Total 100.0%
Top Ten Holdings % of Total
Investments
Accenture PLC, Class A 2.2%
Freeport-McMoRan, Inc. 2.1
Popular, Inc. 2.1
Magnolia Oil & Gas Corp., Class A 2.1
Civitas Resources, Inc. 2.1
Chord Energy Corp. 2.1
Interpublic Group of (The) Cos., Inc. 2.1
Exxon Mobil Corp. 2.1
Omnicom Group, Inc. 2.1
Steel Dynamics, Inc. 2.1
Total 21.1%

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 16

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Focus 5 ETF (FV)
The First Trust Dorsey Wright Focus 5 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 Focus FiveTM Index (the “Index”). The Fund normally invests at least 90% of its net assets (including investment borrowings) in the exchange-traded funds (“ETFs”) that comprise the Index. The ETFs comprising the Index selection universe are advised by First Trust Advisors L.P. (“First Trust”), the Fund’s investment advisor. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC’s (the “Index Provider”) proprietary methodology, which takes into account the performance of each of the First Trust sector-based ETFs relative to one another. The Index is designed to provide targeted exposure to the five First Trust sector-based ETFs that the Index Provider believes offer the greatest potential to outperform the other ETFs in the selection universe and that satisfy certain trading volume and liquidity requirements. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “FV.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(3/5/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(3/5/14)
to 3/31/23
Fund Performance              
NAV 10.71% -3.94% 10.08% 9.93%   61.67% 136.03%
Market Price 10.84% -3.84% 10.09% 9.94%   61.68% 136.14%
Index Performance              
Dorsey Wright Focus FiveTM Index 10.97% -3.57% 10.42% 10.32%   64.13% 143.65%
S&P 500® Index 15.62% -7.73% 11.19% 11.13%   69.94% 160.55%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and Dorsey Wright Focus FiveTM 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 17

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Focus 5 ETF (FV) (Continued)

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 18

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust RBA American Industrial Renaissance® ETF (AIRR)
The First Trust RBA American Industrial Renaissance® 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 Richard Bernstein Advisors American Industrial Renaissance® Index (the “Index”). The Fund normally invests at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Index is designed to measure the performance of small- and mid-cap U.S. companies in the industrial and community banking sectors. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “AIRR.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(3/10/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(3/10/14)
to 3/31/23
Fund Performance              
NAV 25.90% 13.79% 13.27% 10.43%   86.44% 145.62%
Market Price 25.71% 13.80% 13.30% 10.43%   86.69% 145.58%
Index Performance              
Richard Bernstein Advisors American Industrial Renaissance® Index 26.38% 14.63% 14.08% 11.27%   93.25% 163.02%
S&P 500® Index 15.62% -7.73% 11.19% 11.13%   69.94% 160.00%
S&P 500® Industrials Index 23.36% 0.17% 8.43% 9.41%   49.91% 125.91%
Russell 2500® Index 11.07% -10.39% 6.65% 7.33%   37.95% 89.85%
(See Notes to Fund Performance Overview on page 33.)

Richard Bernstein Advisors and Richard Bernstein Advisors American Industrial Renaissance® Index (“Index”) are trademarks and trade names of Richard Bernstein Advisors (“RBA”). The Fund is not sponsored, endorsed, sold or promoted by RBA and RBA makes no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of trading in the Fund. RBA’s only relationship to First Trust is the licensing of certain trademarks and trade names of RBA and of the Index, which is determined, composed and calculated by RBA without regard to First Trust or the Fund. RBA has no obligation to take the needs of First Trust or the owners of the Fund into consideration in determining, composing or calculating the Index. RBA is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Fund to be listed or in the determination or calculation of the equation by which the Fund is to be converted into cash. RBA has no obligation or liability in connection with the administration, marketing or trading of the Fund.
Page 19

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust RBA American Industrial Renaissance® ETF (AIRR) (Continued)
Sector Allocation % of Total
Investments
Industrials 91.8%
Financials 8.2
Total 100.0%
Top Ten Holdings % of Total
Investments
Encore Wire Corp. 4.0%
Comfort Systems USA, Inc. 3.9
Proto Labs, Inc. 3.8
Mueller Water Products, Inc., Class A 3.6
Clean Harbors, Inc. 3.6
Atkore, Inc. 3.6
Greenbrier (The) Cos., Inc. 3.6
Quanta Services, Inc. 3.5
APi Group Corp. 3.5
Arcosa, Inc. 3.5
Total 36.6%

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 20

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
The First Trust Dorsey Wright Momentum & Dividend 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 Dividend YieldTM Index (the “Index”). Under normal conditions, the Fund invests at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Index is a rules-based equity index designed to track the overall performance of the 50 stocks with the highest dividend yield comprising the Nasdaq US Large Mid™ Index that still maintain 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, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “DDIV.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(3/10/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(3/10/14)
to 3/31/23
Fund Performance              
NAV 5.92% -13.80% 5.78% 6.66%   32.44% 79.33%
Market Price 5.85% -13.85% 5.75% 6.66%   32.23% 79.29%
Index Performance              
Dorsey Wright Momentum Plus Dividend YieldTM Index(1) 6.36% -13.29% N/A N/A   N/A N/A
Dow Jones U.S. Select DividendTM Index(2) 11.69% -4.58% 8.54% 9.74%   50.62% 131.98%
S&P 500® Index 15.62% -7.73% 11.19% 11.13%   69.94% 160.00%
(See Notes to Fund Performance Overview on page 33.)

(1) On September 6, 2018, the Fund’s underlying index changed from the Richard Bernstein Advisors Quality Income Index to the Dorsey Wright Momentum Plus Dividend YieldTM Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to September 6, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of July 2, 2018, it was not in existence for all of the periods disclosed.
(2) The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield.
Nasdaq® and Dorsey Wright Momentum Plus Dividend YieldTM 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 its 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 21

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) (Continued)
Sector Allocation % of Total
Investments
Financials 30.8%
Real Estate 26.5
Energy 17.5
Health Care 6.4
Consumer Staples 5.7
Information Technology 3.4
Utilities 2.8
Industrials 2.2
Consumer Discretionary 2.1
Communication Services 1.5
Materials 1.1
Total 100.0%
Top Ten Holdings % of Total
Investments
OneMain Holdings, Inc. 5.3%
Starwood Property Trust, Inc. 4.9
Antero Midstream Corp. 4.2
Spirit Realty Capital, Inc. 3.6
Simon Property Group, Inc. 3.3
Gaming and Leisure Properties, Inc. 3.2
Kinder Morgan, Inc. 3.1
Iron Mountain, Inc. 3.0
Lamar Advertising Co., Class A 2.9
ONEOK, Inc. 2.8
Total 36.3%

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.
Page 22

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
The First Trust Dorsey Wright International Focus 5 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 International Focus FiveTM Index (the “Index”). The Fund normally invests at least 90% of its net assets (including investment borrowings) in the exchange-traded funds (“ETFs”) that comprise the Index. The ETFs comprising the Index selection universe are advised by First Trust Advisors L.P. (“First Trust”), the Fund’s investment advisor. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC’s (the “Index Provider”) proprietary methodology, which takes into account the performance of certain First Trust international ETFs relative to one another. The Index is designed to provide targeted exposure to the five First Trust country/region-based ETFs that the Index Provider believes offer the greatest potential to outperform the other ETFs in the selection universe. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “IFV.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(7/22/14)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(7/22/14)
to 3/31/23
Fund Performance              
NAV 7.85% -15.44% -2.85% -0.01%   -13.48% -0.11%
Market Price 7.97% -15.49% -2.78% 0.01%   -13.17% 0.08%
Index Performance              
Dorsey Wright International Focus FiveTM Index 8.15% -15.09% -2.35% 0.41%   -11.20% 3.65%
MSCI ACWI ex USA Index 22.13% -5.07% 2.51% 2.80%   13.17% 27.14%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and Dorsey Wright International Focus FiveTM 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 23

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright International Focus 5 ETF (IFV) (Continued)

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 24

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
The First Trust Dorsey Wright Dynamic Focus 5 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 Dynamic Focus FiveTM Index (the “Index”). The Fund normally invests at least 80% of its net assets (including investment borrowings) in the exchange-traded funds (“ETFs”) that comprise the Index, including the First Trust Enhanced Short Maturity ETF (“FTSM”), an ultra-short duration ETF. The ETFs comprising the Index selection universe are advised by First Trust Advisors L.P. (“First Trust”), the Fund’s investment advisor. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC’s (the “Index Provider”) proprietary methodology, which takes into account the performance of each of the First Trust sector and industry-based ETFs relative to one another. The Index is designed to provide targeted exposure to the five First Trust sector and industry-based ETFs that the Index Provider determines offer the greatest potential to outperform the other First Trust sector and industry-based ETFs and that satisfy certain trading volume and liquidity requirements. In addition to the First Trust sector and industry-based ETFs, the Index may select FTSM. FTSM is also evaluated and its inclusion and weight in the Index is adjusted based upon its rank relative to the selection universe of sector and industry-based ETFs chosen by the Index. The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “FVC.”
Performance  
      Average Annual Total Returns   Cumulative Total Returns
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(3/17/16)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(3/17/16)
to 3/31/23
Fund Performance              
NAV -0.18% -8.49% 5.04% 8.08%   27.86% 72.84%
Market Price -0.33% -8.47% 5.04% 8.08%   27.86% 72.83%
Index Performance              
Dorsey Wright Dynamic Focus FiveTM Index 0.17% -7.97% 5.40% 8.46%   30.10% 77.13%
S&P 500® Index 15.62% -7.73% 11.19% 12.51%   69.94% 129.22%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and Dorsey Wright Dynamic Focus FiveTM 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 25

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) (Continued)

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
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(1/24/18)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(1/24/18)
to 3/31/23
Fund Performance              
NAV 23.94% -4.31% 7.23% 6.24%   41.79% 36.85%
Market Price 24.31% -4.38% 7.19% 6.24%   41.51% 36.86%
Index Performance              
Indxx Blockchain Index 24.16% -3.95% 8.22% 7.19%   48.40% 43.27%
S&P 500® Index 15.62% -7.73% 11.19% 9.33%   69.94% 58.77%
(See Notes to Fund Performance Overview on page 33.)

Indxx and Indxx Blockchain Index (“Index”) are trademarks of Indxx, Inc. (“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.
Page 27

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 37.1%
Information Technology 30.2
Communication Services 9.5
Consumer Discretionary 9.3
Industrials 5.5
Utilities 3.0
Consumer Staples 1.7
Materials 1.6
Health Care 1.3
Energy 0.8
Total 100.0%
Top Ten Holdings % of Total
Long-Term
Investments
Intel Corp. 1.5%
Alibaba Group Holding Ltd., ADR 1.5
NVIDIA Corp. 1.5
Advanced Micro Devices, Inc. 1.5
Baidu, Inc., ADR 1.4
Microsoft Corp. 1.4
Amazon.com, Inc. 1.4
Salesforce, Inc. 1.4
Accenture PLC, Class A 1.4
Samsung Electronics Co., Ltd. 1.4
Total 14.4%

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.
Page 28

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 RoboticsTM 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 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
  6 Months
Ended
3/31/23
1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(2/21/18)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(2/21/18)
to 3/31/23
Fund Performance              
NAV 26.86% -9.42% 8.00% 7.48%   46.91% 44.53%
Market Price 27.08% -9.36% 8.00% 7.51%   46.93% 44.70%
Index Performance              
Nasdaq CTA Artificial Intelligence and RoboticsTM Index 26.73% -9.68% 8.75% 8.12%   52.12% 48.99%
S&P 500® Index 15.62% -7.73% 11.19% 10.50%   69.64% 66.47%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and Nasdaq CTA Artificial Intelligence and RoboticsTM 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 29

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 59.7%
Industrials 21.1
Consumer Discretionary 10.8
Health Care 5.4
Communication Services 2.3
Real Estate 0.4
Consumer Staples 0.3
Total 100.0%
Top Ten Holdings % of Total
Long-Term
Investments
C3.ai, Inc., Class A 2.8%
UiPath, Inc., Class A 2.2
BlackBerry Ltd. 2.2
Illumina, Inc. 2.2
Nice Ltd., ADR 2.0
ANSYS, Inc. 2.0
Mobileye Global, Inc., Class A 2.0
Ciena Corp. 2.0
Cadence Design Systems, Inc. 2.0
ServiceNow, Inc. 2.0
Total 21.4%

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.
Page 30

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 StrengthTM Index (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
      Average Annual
Total Returns
Cumulative
Total Returns
  6 Months Ended
3/31/23
1 Year Ended
3/31/23
Inception (12/15/20)
to 3/31/23
Inception (12/15/20)
to 3/31/23
Fund Performance        
NAV 22.00% -2.58% 3.43% 8.03%
Market Price 21.63% -2.78% 3.48% 8.16%
Index Performance        
The International Developed Capital StrengthTM Index 21.26% -3.11% 4.18% 9.82%
MSCI World ex USA Index 25.50% -2.74% 2.69% 6.27%
(See Notes to Fund Performance Overview on page 33.)

Nasdaq® and The International Developed Capital StrengthTM 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 31

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
First Trust International Developed Capital Strength ETF (FICS) (Continued)
Sector Allocation % of Total
Investments
Industrials 22.0%
Consumer Staples 16.6
Financials 15.3
Information Technology 14.2
Consumer Discretionary 12.8
Health Care 11.1
Materials 4.6
Real Estate 1.8
Communication Services 1.6
Total 100.0%
Top Ten Holdings % of Total
Investments
Shin-Etsu Chemical Co., Ltd. 2.8%
LVMH Moet Hennessy Louis Vuitton SE 2.5
L’Oreal S.A. 2.5
Kering S.A. 2.5
Schindler Holding AG 2.3
Constellation Software, Inc. 2.3
Hong Kong Exchanges & Clearing Ltd. 2.3
Carlsberg A.S., Class B 2.2
Kia Corp. 2.2
Brenntag SE 2.2
Total 23.8%

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 32

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
March 31, 2023 (Unaudited)
As a shareholder of First Trust NASDAQ Technology Dividend Index Fund, Multi-Asset Diversified Income Index Fund, First Trust S&P International Dividend Aristocrats ETF, First Trust BuyWrite Income ETF, First Trust Nasdaq BuyWrite Income ETF, First Trust Rising Dividend Achievers ETF, First Trust Dorsey Wright Focus 5 ETF, First Trust RBA American Industrial Renaissance® ETF, First Trust Dorsey Wright Momentum & Dividend ETF, First Trust Dorsey Wright International Focus 5 ETF, First Trust Dorsey Wright Dynamic Focus 5 ETF, First Trust Indxx Innovative Transaction & Process ETF, First Trust Nasdaq Artificial Intelligence and Robotics 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 (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 March 31, 2023.
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
October 1, 2022
Ending
Account Value
March 31, 2023
Annualized
Expense Ratio
Based on the
Six-Month
Period
Expenses Paid
During the
Six-Month
Period (a)
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Actual $1,000.00 $1,255.30 0.50% $2.81
Hypothetical (5% return before expenses) $1,000.00 $1,022.44 0.50% $2.52
Multi-Asset Diversified Income Index Fund (MDIV) (b) (c)
Actual $1,000.00 $1,051.30 0.48% $2.45
Hypothetical (5% return before expenses) $1,000.00 $1,022.54 0.48% $2.42
First Trust S&P International Dividend Aristocrats ETF (FID)
Actual $1,000.00 $1,161.80 0.60% $3.23
Hypothetical (5% return before expenses) $1,000.00 $1,021.94 0.60% $3.02
First Trust BuyWrite Income ETF (FTHI)
Actual $1,000.00 $1,143.80 0.85% $4.54
Hypothetical (5% return before expenses) $1,000.00 $1,020.69 0.85% $4.28
First Trust Nasdaq BuyWrite Income ETF (FTQI)
Actual $1,000.00 $1,141.40 0.85% $4.54
Hypothetical (5% return before expenses) $1,000.00 $1,020.69 0.85% $4.28
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Table of Contents
First Trust Exchange-Traded Fund VI
Understanding Your Fund Expenses (Continued)
March 31, 2023 (Unaudited)
  Beginning
Account Value
October 1, 2022
Ending
Account Value
March 31, 2023
Annualized
Expense Ratio
Based on the
Six-Month
Period
Expenses Paid
During the
Six-Month
Period (a)
First Trust Rising Dividend Achievers ETF (RDVY)
Actual $1,000.00 $1,171.20 0.49% $2.65
Hypothetical (5% return before expenses) $1,000.00 $1,022.49 0.49% $2.47
First Trust Dorsey Wright Focus 5 ETF (FV) (b)
Actual $1,000.00 $1,107.10 0.30% $1.58
Hypothetical (5% return before expenses) $1,000.00 $1,023.44 0.30% $1.51
First Trust RBA American Industrial Renaissance® ETF (AIRR)
Actual $1,000.00 $1,259.00 0.70% $3.94
Hypothetical (5% return before expenses) $1,000.00 $1,021.44 0.70% $3.53
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
Actual $1,000.00 $1,059.20 0.60% $3.08
Hypothetical (5% return before expenses) $1,000.00 $1,021.94 0.60% $3.02
First Trust Dorsey Wright International Focus 5 ETF (IFV) (b)
Actual $1,000.00 $1,078.50 0.30% $1.55
Hypothetical (5% return before expenses) $1,000.00 $1,023.44 0.30% $1.51
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) (b)
Actual $1,000.00 $998.20 0.30% $1.49
Hypothetical (5% return before expenses) $1,000.00 $1,023.44 0.30% $1.51
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Actual $1,000.00 $1,239.40 0.65% $3.63
Hypothetical (5% return before expenses) $1,000.00 $1,021.69 0.65% $3.28
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
Actual $1,000.00 $1,268.60 0.65% $3.68
Hypothetical (5% return before expenses) $1,000.00 $1,021.69 0.65% $3.28
First Trust International Developed Capital Strength ETF (FICS)
Actual $1,000.00 $1,220.00 0.70% $3.87
Hypothetical (5% return before expenses) $1,000.00 $1,021.44 0.70% $3.53
    
(a) Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2022 through March 31, 2023), multiplied by 182/365 (to reflect the six-month period).
(b) Annualized expense ratio and expenses paid during the six-month period do not include fees and expenses of the underlying funds in which the Fund invests.
(c) MDIV expense ratios reflect an expense waiver. See Note 3 in the Notes to Financial Statements.
Page 35

Table of Contents
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS – 99.8%
    Communications Equipment – 7.2%    
137,073   ADTRAN Holdings, Inc.   $2,173,978
60,268   AudioCodes Ltd.   908,841
664,197   Cisco Systems, Inc.   34,720,898
752,263   Juniper Networks, Inc.   25,892,893
122,373   Motorola Solutions, Inc.   35,014,587
1,318,875   Nokia Oyj, ADR   6,475,676
1,202,539   Telefonaktiebolaget LM Ericsson, ADR   7,034,853
46,006   Ubiquiti, Inc.   12,499,370
        124,721,096
    Diversified Telecommunication
Services – 6.8%
   
22,968   ATN International, Inc.   939,851
726,793   BCE, Inc.   32,553,058
225,671   Cogent Communications Holdings, Inc.   14,379,756
471,215   Telefonica S.A., ADR   2,016,800
128,647   Telkom Indonesia Persero Tbk PT, ADR   3,508,204
1,617,726   TELUS Corp.   32,128,038
828,668   Verizon Communications, Inc.   32,226,899
        117,752,606
    Electronic Equipment,
Instruments & Components – 4.3%
   
159,540   Amphenol Corp., Class A   13,037,609
57,730   Avnet, Inc.   2,609,396
25,069   Benchmark Electronics, Inc.   593,885
35,949   CDW Corp.   7,006,101
691,533   Corning, Inc.   24,397,284
10,654   Methode Electronics, Inc.   467,497
74,868   National Instruments Corp.   3,923,832
31,710   TD SYNNEX Corp.   3,069,211
139,136   TE Connectivity Ltd.   18,247,686
62,105   Vishay Intertechnology, Inc.   1,404,815
        74,757,316
    Health Care Technology – 0.0%    
3,292   Simulations Plus, Inc.   144,650
    Interactive Media & Services – 0.2%    
96,746   JOYY, Inc., ADR   3,016,540
11,743   Shutterstock, Inc.   852,542
        3,869,082
    IT Services – 9.0%    
53,514   Amdocs Ltd.   5,138,949
225,519   Cognizant Technology Solutions Corp., Class A   13,740,873
16,272   Hackett Group (The), Inc.   300,707
Shares   Description   Value
    IT Services (Continued)    
309,986   Infosys Ltd., ADR   $5,406,156
994,912   International Business Machines Corp.   130,423,014
55,353   Wipro Ltd., ADR   248,535
        155,258,234
    Media – 2.2%    
7,902   Cable One, Inc.   5,547,204
865,230   Comcast Corp., Class A   32,800,869
        38,348,073
    Professional Services – 1.0%    
10,259   Concentrix Corp.   1,246,981
15,146   CSG Systems International, Inc.   813,340
93,160   Dun & Bradstreet Holdings, Inc.   1,093,698
30,549   KBR, Inc.   1,681,723
52,160   Leidos Holdings, Inc.   4,801,850
19,465   Science Applications International Corp.   2,091,709
87,744   SS&C Technologies Holdings, Inc.   4,954,904
        16,684,205
    Semiconductors &
Semiconductor Equipment – 37.8%
   
55,016   Amkor Technology, Inc.   1,431,516
215,231   Analog Devices, Inc.   42,447,858
190,572   Applied Materials, Inc.   23,407,959
262,972   ASE Technology Holding Co., Ltd., ADR   2,095,887
24,231   ASML Holding N.V.   16,494,284
216,467   Broadcom, Inc.   138,872,239
22,502   Entegris, Inc.   1,845,389
458,501   Himax Technologies, Inc., ADR   3,727,613
5,160,124   Intel Corp.   168,581,251
44,056   KLA Corp.   17,585,834
19,119   Kulicke & Soffa Industries, Inc.   1,007,380
45,987   Lam Research Corp.   24,378,628
116,462   Marvell Technology, Inc.   5,042,805
201,029   Microchip Technology, Inc.   16,842,210
215,645   Micron Technology, Inc.   13,012,019
7,527   Monolithic Power Systems, Inc.   3,767,565
126,019   NXP Semiconductors N.V.   23,499,393
12,810   Power Integrations, Inc.   1,084,238
520,690   QUALCOMM, Inc.   66,429,630
86,352   Skyworks Solutions, Inc.   10,187,809
8,892   STMicroelectronics N.V.   475,633
375,157   Texas Instruments, Inc.   69,782,954
212,932   United Microelectronics Corp., ADR   1,865,284
10,721   Universal Display Corp.   1,663,149
        655,528,527
    Software – 15.6%    
26,250   A10 Networks, Inc.   406,613
 
Page 36
See Notes to Financial Statements

Table of Contents
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Software (Continued)    
39,025   Absolute Software Corp.   $305,566
54,717   Adeia, Inc.   484,793
19,019   Dolby Laboratories, Inc., Class A   1,624,603
13,694   Ebix, Inc.   180,624
420,599   Gen Digital, Inc.   7,217,479
48,425   InterDigital, Inc.   3,530,182
51,666   Intuit, Inc.   23,034,253
515,760   Microsoft Corp.   148,693,608
187,416   Open Text Corp.   7,224,887
735,938   Oracle Corp.   68,383,359
13,563   Progress Software Corp.   779,194
16,122   Roper Technologies, Inc.   7,104,804
50,095   Sapiens International Corp., N.V.   1,088,063
        270,058,028
    Technology Hardware,
Storage & Peripherals – 13.1%
   
872,679   Apple, Inc.   143,904,767
202,084   Dell Technologies, Inc., Class C   8,125,798
1,023,959   Hewlett Packard Enterprise Co.   16,311,667
867,818   HP, Inc.   25,470,458
73,257   Logitech International S.A.   4,253,301
171,517   NetApp, Inc.   10,951,361
229,961   Seagate Technology Holdings PLC   15,205,021
243,601   Xerox Holdings Corp.   3,751,455
        227,973,828
    Wireless Telecommunication
Services – 2.6%
   
422,505   America Movil S.A.B. de C.V., ADR (a)   8,893,730
1,324,111   Mobile TeleSystems PJSC, ADR (b) (c) (d)   0
673,095   Rogers Communications, Inc., Class B   31,204,684
507,151   Telephone and Data Systems, Inc.   5,330,157
        45,428,571
    Total Investments – 99.8%   1,730,524,216
    (Cost $1,551,683,672)    
    Net Other Assets and Liabilities – 0.2%   3,264,281
    Net Assets – 100.0%   $1,733,788,497
    
(a) Non-income producing security.
(b) This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2023, securities noted as such are valued at $0 or 0.0% of net assets.
(c) Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by First Trust Advisors, L.P., the Fund’s Advisor.
(d) This security’s value was determined using significant unobservable inputs (see Note 2A – Portfolio Valuation in the Notes to Financial Statements).
    
ADR American Depositary Receipt

Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):
  Total
Value at
3/31/2023
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks:        
Wireless Telecommunication Services $45,428,571 $45,428,571 $ $— *
Other Industry Categories ** 1,685,095,645 1,685,095,645
Total Investments $1,730,524,216 $1,730,524,216 $ $ —*
    
* Investment is valued at $0.
** See Portfolio of Investments for industry breakout.
Level 3 investments are fair valued by the Advisor’s Pricing Committee and are footnoted in the Portfolio of Investments. Level 3 investments values are based on unobservable and non-quantitative inputs.
 
See Notes to Financial Statements
Page 37

Table of Contents
Multi-Asset Diversified Income Index Fund (MDIV)
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares/
Units
  Description   Value
EXCHANGE-TRADED FUNDS – 21.0%