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.

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Shareholder Letter

First Trust Exchange-Traded Fund VI

Semi-Annual Letter from the Chairman and CEO

September 30, 2022

Dear Shareholders,

First Trust is pleased to provide you with the semi-annual report for certain series of the First Trust Exchange-Traded Fund VI (the “Funds”), which contains detailed information about the Funds for the six months ended September 30, 2022.

It is times like these that really test the mettle of investors. Are you someone that is implementing an investment plan with a long time horizon, a trader by nature, or do you fall somewhere in between? Frankly, the current climate is challenging for just about any strategy. While most investors are accustomed to dealing with high levels of volatility in the stock market, some of the daily swings we have witnessed lately have not only been uncharacteristically sharp but have occasionally seemed nearly inexplicable, in my opinion.

In case you have not noticed, volatility is also elevated in the fixed-income market. Bond valuations are down big in 2022. Year-to-date through October 31, 2022, the ICE BofA 15+ Year U.S. Treasury Index experienced a price decline of 33.51%, according to Bloomberg. It was down 31.87% on a total return basis, which includes reinvested interest. To put this into perspective, over the past 40 years, the worst annual showing by the U.S. Long-Term Government Bond Index (20-Year) tracked by Morningstar was the -14.90% total return posted in 2009 (think 2008-2009 global financial crisis). For those who may be unaware, investors benefitted from a trend of declining bond yields from September 1981 through August 2020. While that is an incredible run, nothing lasts forever. Suffice it to say, a lot of pain has been endured by investors in the markets this year and we believe there could be more to come in the near-term. The aggressive interest rate hikes by the Federal Reserve (the “Fed”) are a signal to the markets that it is behind the inflation curve. Moving forward, the Fed will be looking to lower inflation while simultaneously engineering a soft landing in the economy. That will be easier said than done, in my opinion.

There are far more headwinds challenging the securities markets than tailwinds. Here are just a few of those headwinds: stubbornly high inflation; additional rate hikes expected from the Fed from their November and December 2022 meetings, which could potentially push bond yields higher; the ongoing war between Russia and Ukraine, which is impacting the supply and prices of crude oil and natural gas; China enforcing a zero-tolerance policy to combat the spread of the coronavirus by locking down entire cities to its own economic detriment; and the potential for food and energy shortages this coming winter. With the housing market looking like it is finally cooling off, due largely to a huge spike in mortgage rates this year, which were up more than double the rate at the start of the year, the last big tailwind standing may just be the strong U.S. labor market. If the job market can hang in there, the Fed’s goal of a soft landing for the economy may be attainable. I think we will have a clearer picture of things at the start of 2023.

Year-to-date through October 31, 2022, the S&P 500^® Index (the “Index”) posted a total return of -17.70%, according to Bloomberg, which puts the Index in bear market territory. A bear market is defined as a 20% or greater decline in the price of a security or index from its most recent peak. While the 17.70% decline in the Index would technically qualify as a stock market correction, investors should continue to view the current downturn as a bear market, in my opinion. Keep in mind, since World War II, there have been 12 bear markets in the Index, excluding the current bear market, according to Yardeni Research. The average price decline of those 12 bear markets was 33.6%. The average price gain over the 12-months following the trough reached during those bear markets was 40.8%, according to Bloomberg. Bear markets come and go. You can’t catch the turn if you are not in the market when the turn comes.

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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Market Overview

First Trust Exchange-Traded Fund VI

Semi-Annual Report (Unaudited)

September 30, 2022

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 October release that global gross domestic product (“GDP”) growth is expected to come in at 3.2% in 2022 and 2.7% in 2023, down from 6.0% in 2021. The IMF sees the U.S. economy growing 1.6% in 2022 and 1.0% in 2023, down from 5.7% in 2021. With respect to all Advanced Economies, the IMF is projecting GDP growth of 2.4% in 2022 and 1.1% in 2023, down from 5.2% in 2021. Lastly, it sees Emerging Markets and Developing Economies growing 3.7% in 2022 and 3.7% again in 2023, down from 6.6% in 2021. From 1970 to 2021, the average global GDP growth rate was 3.6%, according to the IMF. Looking ahead, the IMF notes that the global economy must navigate three key pressures: the war in Ukraine, world-wide inflation and continued economic headwinds in the U.S., Europe and China.

Russia’s war with Ukraine continues to destabilize the global economy, increasing the cost of living and impeding economic growth. European natural gas prices have spiked four-fold since 2021, according to the IMF. Russia has decreased natural gas deliveries to Europe by over 80% of their 2021 total, greatly increasing the likelihood of an energy shortage. Worldwide inflationary pressures continue to fester, with global inflation forecast to surge to 8.8% in 2022, up from 4.7% in 2021. Central banks have rapidly tightened monetary policy in response, and will likely have to continue to do so, in our opinion. These tighter financial conditions have produced significant headwinds to growth among most major economies and are likely to have at least some impact in 2023.

Performance of Global Stocks and Bonds

U.S. equities have turned negative over the past six-month period. The S&P 500^® (the “Index”), S&P MidCap 400^® and S&P SmallCap 600^® Indices posted total returns of -20.20%, -17.50% and -18.58%, respectively, for the six-month period ended September 30, 2022, according to Bloomberg. Value stocks outperformed growth stocks over the period. The S&P 500^® Value Index posted a total return of -16.43% versus -23.87% for the S&P 500^® Growth Index; an indication that investors may be anticipating slower growth over the near-term and are opting for companies that are trading at more attractive valuations. All eleven sectors that comprise the Index were down on a total return basis. Energy was down least for the period, losing 2.94%, while the worst showing came from Communication Services, down 30.79%.

A Bloomberg survey of 23 equity strategists found that the average 2022 year-end price target for the Index was 4,346 as of September 15, 2022, down from 4,376 on August 16, 2022, according to its own release. Heading into 2022 (December 16, 2021), strategists had an average target of 4,950. The highest and lowest estimates on September 15, 2022, were 5,100 and 3,400, respectively. On September 15, 2022, the Index closed at 3,901.35, which was 18.66% below its all-time closing high of 4,796.56 on January 3, 2022. As of September 30, 2022, Bloomberg’s 2022, 2023 and 2024 consensus earnings growth rate estimates for the Index stood at 9.61%, 6.14% and 8.44%, respectively.

The performance of foreign equities continues to lag that of major U.S. stock indices. Over the past six months, the MSCI World ex USA and MSCI Emerging Markets equity indices posted total returns of -22.50% (USD) and -21.70% (USD), respectively, according to Bloomberg. Major foreign bond indices were also in negative territory. The Bloomberg Global Aggregate Index of higher quality debt posted a total return of -14.63% (USD), while the EM Hard Currency Aggregate Index of emerging markets debt fell by 13.90% (USD), according to Bloomberg. Over that same period, the U.S. dollar surged by 14.04% against a basket of major currencies, as measured by the U.S. Dollar Index (DXY), pressuring the returns on unhedged foreign securities held by U.S. investors.

U.S. bond indices have not been immune to the aggressive tightening of monetary policy by central banks, particularly the U.S. Federal Reserve. Over the past six months, the best performing index we track was the U.S. Treasury: Intermediate Index, which posted a total return of -4.69%. The worst performer was the Municipal Long Bond: Long Bond (22+), which posted a total return of -12.15%. The yield on the benchmark 10-Year Treasury Note (“T-Note”) rose by 149 basis points (a 63.70% increase over the period) to close at 3.83%, according to Bloomberg. For comparative purposes, the average yield on the 10-Year T-Note was 2.10% for the 10-year period ended September 30, 2022.

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Fund Performance Overview (Unaudited)

Developed International Equity Select ETF (RNDM)

The Developed International Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze Developed Markets Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDM.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks, depositary receipts, preferred shares and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select low volatility developed markets (excluding the United States) securities that are included in the Nasdaq Developed Markets Ex-US Large Mid Cap Index^TM (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in developed markets (excluding the United States), as determined by Nasdaq, Inc. A country is classified as “developed” based on a number of criteria, including national income per capita, national market capitalization and national trading volume. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-21.91%	-24.19%	-2.14%	-1.80%	-10.26%	-9.16%
Market Price	-21.79%	-24.37%	-2.23%	-1.79%	-10.68%	-9.11%
Index Performance
Nasdaq Riskalyze Developed Markets Index^TM	-21.66%	-23.16%	-0.84%	-0.51%	-4.11%	-2.66%
Nasdaq Developed Markets Ex-US Large Mid Cap Index^TM	-22.71%	-24.27%	0.04%	1.06%	0.22%	5.75%
MSCI World ex USA Index	-22.50%	-23.91%	-0.39%	0.67%	-1.96%	3.61%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze Developed Markets Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze Developed Markets Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE DEVELOPED MARKETS INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

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Fund Performance Overview (Unaudited) (Continued)

Developed International Equity Select ETF (RNDM) (Continued)

Sector Allocation	% of Total Investments
Financials	23.4%
Industrials	14.4
Health Care	12.5
Consumer Staples	12.5
Consumer Discretionary	11.5
Communication Services	5.7
Materials	5.2
Information Technology	4.8
Utilities	4.0
Real Estate	3.1
Energy	2.9
Total	100.0%

Top Ten Holdings	% of Total Investments
USS Co., Ltd.	3.6%
Sekisui House Ltd.	3.3
Secom Co., Ltd.	3.0
Takeda Pharmaceutical Co., Ltd.	2.4
Novartis AG	2.2
Roche Holding AG	2.1
Henkel AG & Co., KGaA (Preference Shares)	1.8
GSK PLC	1.7
Japan Post Holdings Co., Ltd.	1.4
Hitachi Metals Ltd.	1.4
Total	22.9%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.

Frequency Distribution of Discounts and Premiums

Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.

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Fund Performance Overview (Unaudited) (Continued)

Emerging Markets Equity Select ETF (RNEM)

The Emerging Markets Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNEM.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks, depositary receipts, preferred shares and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select low volatility emerging markets securities that are included in the Nasdaq Emerging Markets Large Mid Cap Index^TM (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in emerging markets, as determined by Nasdaq, Inc. A country is classified as “emerging” based on a number of criteria, including national income per capita, national market capitalization and national trading volume. Emerging markets are generally characterized by lower market efficiency and less strict standards in accounting and securities regulation than developed markets. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-16.02%	-15.04%	-2.19%	-0.98%	-10.46%	-5.08%
Market Price	-16.77%	-15.82%	-2.49%	-1.14%	-11.84%	-5.87%
Index Performance
Nasdaq Riskalyze Emerging Markets Index^TM	-15.29%	-13.90%	-0.28%	0.98%	-1.38%	5.27%
Nasdaq Emerging Markets Large Mid Cap Index^TM	-20.17%	-24.37%	-0.76%	0.81%	-3.76%	4.32%
MSCI Emerging Markets Index	-21.70%	-28.11%	-1.81%	-0.19%	-8.71%	-1.02%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze Emerging Markets Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze Emerging Markets Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE EMERGING MARKETS INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

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Fund Performance Overview (Unaudited) (Continued)

Emerging Markets Equity Select ETF (RNEM) (Continued)

Sector Allocation	% of Total Investments
Financials	28.4%
Information Technology	19.2
Materials	12.2
Consumer Staples	9.8
Energy	8.0
Industrials	4.8
Consumer Discretionary	4.7
Communication Services	4.2
Health Care	3.2
Real Estate	3.1
Utilities	2.4
Total	100.0%

Top Ten Holdings	% of Total Investments
HDFC Bank Ltd.	3.3%
Inventec Corp.	3.1
Wistron Corp.	3.0
Quanta Computer, Inc.	2.9
Compal Electronics, Inc.	2.7
Pegatron Corp.	2.7
ESR Group Ltd.	2.1
Petronet LNG Ltd.	1.9
Klabin S.A.	1.9
China Petroleum & Chemical Corp., Class H	1.8
Total	25.4%

Frequency Distribution of Discounts and Premiums

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Fund Performance Overview (Unaudited) (Continued)

Large Cap US Equity Select ETF (RNLC)

The Large Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Large Cap Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNLC.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select dividend-paying US large cap securities that are included in the Nasdaq US 500 Large Cap Index^TM (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of large cap US companies, as determined by Nasdaq, Inc.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-19.08%	-14.83%	7.20%	7.47%	41.58%	46.27%
Market Price	-19.19%	-14.92%	7.16%	7.45%	41.33%	46.15%
Index Performance
Nasdaq Riskalyze US Large Cap Index^TM	-18.89%	-14.37%	7.86%	8.13%	45.95%	51.05%
Nasdaq US 500 Large Cap Index^TM	-20.46%	-17.04%	9.20%	9.48%	55.31%	61.32%
S&P 500^® Index	-20.20%	-15.47%	9.24%	9.53%	55.55%	61.67%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Large Cap Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Large Cap Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE US LARGE CAP INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

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Fund Performance Overview (Unaudited) (Continued)

Large Cap US Equity Select ETF (RNLC) (Continued)

Sector Allocation	% of Total Investments
Information Technology	29.0%
Health Care	15.4
Financials	11.1
Consumer Discretionary	11.0
Industrials	9.7
Consumer Staples	6.6
Energy	4.8
Communication Services	3.6
Materials	3.0
Utilities	2.9
Real Estate	2.9
Total	100.0%

Top Ten Holdings	% of Total Investments
Microchip Technology, Inc.	0.9%
Amphenol Corp., Class A	0.9
Apple, Inc.	0.8
Texas Instruments, Inc.	0.8
Intuit, Inc.	0.8
NXP Semiconductors N.V.	0.8
CDW Corp.	0.8
Marvell Technology, Inc.	0.8
TE Connectivity Ltd.	0.8
Analog Devices, Inc.	0.8
Total	8.2%

Frequency Distribution of Discounts and Premiums

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Fund Performance Overview (Unaudited) (Continued)

Mid Cap US Equity Select ETF (RNMC)

The Mid Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Mid Cap Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNMC.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select dividend-paying US mid cap securities that are included in the Nasdaq US 600 Mid Cap Index^TM (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of mid cap US companies, as determined by Nasdaq, Inc.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-17.58%	-14.38%	4.80%	5.30%	26.45%	31.31%
Market Price	-17.58%	-14.72%	4.78%	5.29%	26.33%	31.25%
Index Performance
Nasdaq Riskalyze US Mid Cap Index^TM	-17.38%	-13.85%	5.45%	5.94%	30.39%	35.59%
Nasdaq US 600 Mid Cap Index^TM	-20.44%	-22.04%	5.28%	5.99%	29.35%	35.95%
S&P MidCap 400^® Index	-17.50%	-15.25%	5.82%	6.16%	32.68%	37.13%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Mid Cap Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Mid Cap Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE US MID CAP INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

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Fund Performance Overview (Unaudited) (Continued)

Mid Cap US Equity Select ETF (RNMC) (Continued)

Sector Allocation	% of Total Investments
Industrials	19.1%
Financials	15.7
Consumer Discretionary	14.4
Health Care	10.9
Information Technology	10.4
Real Estate	8.2
Energy	5.9
Materials	5.9
Utilities	4.0
Consumer Staples	3.4
Communication Services	2.1
Total	100.0%

Top Ten Holdings	% of Total Investments
Ensign Group (The), Inc.	1.3%
Premier, Inc., Class A	1.1
Chemed Corp.	1.1
Perrigo Co. PLC	1.1
Universal Health Services, Inc., Class B	1.1
Bruker Corp.	1.0
CONMED Corp.	1.0
Encompass Health Corp.	1.0
DENTSPLY SIRONA, Inc.	1.0
National Instruments Corp.	0.9
Total	10.6%

Frequency Distribution of Discounts and Premiums

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Fund Performance Overview (Unaudited) (Continued)

Small Cap US Equity Select ETF (RNSC)

The Small Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Small Cap Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNSC.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select dividend-paying US small cap securities that are included in the Nasdaq US 700 Small Cap Index^TM (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of small cap US companies, as determined by Nasdaq, Inc.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-19.62%	-16.32%	3.75%	4.76%	20.23%	27.83%
Market Price	-19.63%	-16.40%	3.76%	4.78%	20.26%	27.93%
Index Performance
Nasdaq Riskalyze US Small Cap Index^TM	-19.45%	-15.87%	4.42%	5.44%	24.17%	32.28%
Nasdaq US 700 Small Cap Index^TM	-20.96%	-23.88%	4.59%	5.84%	25.17%	34.94%
S&P SmallCap 600^® Index	-18.58%	-18.83%	4.84%	5.96%	26.68%	35.77%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Small Cap Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Small Cap Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE US SMALL CAP INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

Page 12

Table of Contents

Fund Performance Overview (Unaudited) (Continued)

Small Cap US Equity Select ETF (RNSC) (Continued)

Sector Allocation	% of Total Investments
Financials	18.3%
Industrials	15.5
Information Technology	12.9
Health Care	12.4
Consumer Discretionary	11.6
Real Estate	8.2
Energy	6.2
Consumer Staples	4.3
Materials	4.1
Communication Services	3.8
Utilities	2.7
Total	100.0%

Top Ten Holdings	% of Total Investments
Select Medical Holdings Corp.	4.6%
Patterson Cos., Inc.	3.9
Owens & Minor, Inc.	3.7
Advanced Energy Industries, Inc.	1.8
Methode Electronics, Inc.	1.7
Vishay Intertechnology, Inc.	1.7
Xperi Holding Corp.	1.6
Progress Software Corp.	1.6
CSG Systems International, Inc.	1.5
Xerox Holdings Corp.	1.5
Total	23.6%

Frequency Distribution of Discounts and Premiums

Page 13

Table of Contents

Fund Performance Overview (Unaudited) (Continued)

US Equity Dividend Select ETF (RNDV)

The US Equity Dividend Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Large Cap Select Dividend Index^TM (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDV.” The Fund normally invests at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts that comprise the Index.

The Index is owned and was developed and sponsored by Riskalyze, Inc. (the “Index Provider”). According to the Index Provider, the Index is designed to select dividend-paying US securities that (i) are included in the Nasdaq US 500 Large Cap Index^TM (the “Base Index”); (ii) have paid a dividend in the trailing twelve months (based on the ex-date); and (iii) have a trailing twelve-month dividend yield higher than the index yield of the Base Index. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of large cap US companies, as determined by Nasdaq, Inc.

Performance
			Average Annual Total Returns		Cumulative Total Returns
	6 Months Ended 9/30/22	1 Year Ended 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22	5 Years Ended 9/30/22	Inception (6/20/17) to 9/30/22
Fund Performance
NAV	-17.16%	-10.98%	7.09%	7.29%	40.86%	45.02%
Market Price	-17.30%	-10.98%	7.08%	7.30%	40.80%	45.03%
Index Performance
Nasdaq Riskalyze US Large Cap Select Dividend Index^TM	-17.06%	-10.60%	7.67%	7.87%	44.69%	49.17%
Nasdaq US 500 Large Cap Index^TM	-20.46%	-17.04%	9.20%	9.48%	55.31%	61.32%
S&P 500^® Index	-20.20%	-15.47%	9.24%	9.53%	55.55%	61.67%

(See Notes to Fund Performance Overview on page 16.)

Riskalyze and Nasdaq Riskalyze US Large Cap Select Dividend Index^TM are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Large Cap Select Dividend Index^TM (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE^® and NASDAQ RISKALYZE US LARGE CAP SELECT DIVIDEND INDEX^TM are trademarks of Riskalyze. Nasdaq^® is a trademark of Nasdaq, Inc.

Page 14

Table of Contents

Fund Performance Overview (Unaudited) (Continued)

US Equity Dividend Select ETF (RNDV) (Continued)

Sector Allocation	% of Total Investments
Information Technology	27.8%
Health Care	15.2
Financials	11.9
Consumer Discretionary	11.6
Industrials	8.8
Consumer Staples	6.7
Energy	4.8
Communication Services	4.7
Utilities	3.2
Real Estate	2.9
Materials	2.4
Total	100.0%

Top Ten Holdings	% of Total Investments
International Business Machines Corp.	2.4%
Hewlett Packard Enterprise Co.	2.0
Cardinal Health, Inc.	1.9
Gilead Sciences, Inc.	1.9
Broadcom, Inc.	1.9
Corning, Inc.	1.8
Texas Instruments, Inc.	1.8
NetApp, Inc.	1.8
Seagate Technology Holdings PLC	1.8
Intel Corp.	1.6
Total	18.9%

Frequency Distribution of Discounts and Premiums

Page 15

Table of Contents

Notes to Fund Performance Overview (Unaudited)

Total returns for the period since inception are calculated from the inception date of each Fund. “Average Annual Total Returns” represent the average annual change in value of an investment over the periods indicated. “Cumulative Total Returns” represent the total change in value of an investment over the periods indicated.

Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is computed by dividing the value of all assets of the Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of outstanding shares. The price used to calculate market return (“Market Price”) is determined by using the midpoint of the national best bid and offer price (“NBBO”) as of the time that the Fund’s NAV is calculated. Under SEC rules, the NBBO consists of the highest displayed buy and lowest sell prices among the various exchanges trading the Fund at the time the Fund’s NAV is calculated. Prior to January 1, 2019, the price used was the midpoint between the highest bid and the lowest offer on the stock exchange on which shares of the Fund were listed for trading as of the time that the Fund’s NAV was calculated. Since shares of each Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund, the NAV of each Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that all distributions have been reinvested in each Fund at NAV and Market Price, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike each Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by each Fund. These expenses negatively impact the performance of each Fund. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. The total returns presented reflect the reinvestment of dividends on securities in the indices. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of each Fund will vary with changes in market conditions. Shares of each Fund may be worth more or less than their original cost when they are redeemed or sold in the market. Each Fund’s past performance is no guarantee of future performance.

Page 16

Table of Contents

First Trust Exchange-Traded Fund VI

Understanding Your Fund Expenses

September 30, 2022 (Unaudited)

As a shareholder of Developed International Equity Select ETF, Emerging Markets Equity Select ETF, Large Cap US Equity Select ETF, Mid Cap US Equity Select ETF, Small Cap US Equity Select ETF or US Equity Dividend Select ETF (each a “Fund” and collectively, the “Funds”), you incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, if any, and other Fund expenses. This Example is intended to help you understand your ongoing costs of investing in the Funds and to compare these costs with the ongoing costs (in U.S. dollars) of investing in other funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held through the six-month period ended September 30, 2022.

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, 2022	Ending Account Value September 30, 2022	Annualized Expense Ratio Based on the Six-Month Period	Expenses Paid During the Six-Month Period (a)
Developed International Equity Select ETF (RNDM)
Actual	$1,000.00	$780.90	0.65%	$2.90
Hypothetical (5% return before expenses)	$1,000.00	$1,021.81	0.65%	$3.29
Emerging Markets Equity Select ETF (RNEM)
Actual	$1,000.00	$839.80	0.75%	$3.46
Hypothetical (5% return before expenses)	$1,000.00	$1,021.31	0.75%	$3.80
Large Cap US Equity Select ETF (RNLC)
Actual	$1,000.00	$809.20	0.60%	$2.72
Hypothetical (5% return before expenses)	$1,000.00	$1,022.06	0.60%	$3.04
Mid Cap US Equity Select ETF (RNMC)
Actual	$1,000.00	$824.20	0.60%	$2.74
Hypothetical (5% return before expenses)	$1,000.00	$1,022.06	0.60%	$3.04
Small Cap US Equity Select ETF (RNSC)
Actual	$1,000.00	$803.80	0.60%	$2.71
Hypothetical (5% return before expenses)	$1,000.00	$1,022.06	0.60%	$3.04
US Equity Dividend Select ETF (RNDV)
Actual	$1,000.00	$828.40	0.50%	$2.29
Hypothetical (5% return before expenses)	$1,000.00	$1,022.56	0.50%	$2.54

(a)	Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2022 through September 30, 2022), multiplied by 183/365 (to reflect the six-month period).

Page 17

Table of Contents

Developed International Equity Select ETF (RNDM)

Portfolio of Investments

September 30, 2022 (Unaudited)

Shares	Description	Value
COMMON STOCKS (a) – 97.3%
	Australia – 5.5%
9,618	APA Group (b)	$59,179
1,168	ASX Ltd. (b)	53,755
3,463	Australia & New Zealand Banking Group Ltd. (b)	50,694
3,352	Brambles Ltd. (b)	24,521
3,031	Coles Group Ltd. (b)	31,954
904	Commonwealth Bank of Australia (b)	52,590
272	CSL Ltd. (b)	49,468
2,966	Lendlease Corp., Ltd. (b)	16,957
470	Macquarie Group Ltd. (b)	45,853
31,032	Medibank Pvt Ltd. (b)	69,362
2,954	National Australia Bank Ltd. (b)	54,695
1,121	Ramsay Health Care Ltd. (b)	41,149
2,059	Sonic Healthcare Ltd. (b)	40,161
8,595	Suncorp Group Ltd. (b)	55,463
86,097	Tabcorp Holdings Ltd. (b)	51,631
15,015	Telstra Corp., Ltd. (b)	37,076
2,451	Transurban Group (b)	19,357
1,496	Wesfarmers Ltd. (b)	40,898
3,943	Westpac Banking Corp. (b)	52,166
1,457	Woolworths Group Ltd. (b)	31,662
		878,591
	Austria – 0.3%
94	ANDRITZ AG (b)	3,978
162	BAWAG Group AG (b) (c) (d)	6,964
225	Erste Group Bank AG (b)	4,932
184	OMV AG (b)	6,660
576	Raiffeisen Bank International AG (b)	6,815
152	Verbund AG (b)	12,977
158	voestalpine AG (b)	2,677
		45,003
	Belgium – 0.7%
59	Ackermans & van Haaren N.V. (b)	7,486
219	Ageas S.A./N.V. (b)	7,987
626	Anheuser-Busch InBev S.A./N.V. (b)	28,356
27	D’ieteren Group (b)	3,804
43	Elia Group S.A./N.V. (b)	5,060
906	Etablissements Franz Colruyt N.V. (b)	19,915
107	Groupe Bruxelles Lambert S.A. (b)	7,483
166	KBC Group N.V. (b)	7,877
171	Proximus S.A.D.P. (b)	1,773
30	Sofina S.A. (b)	5,178
98	Solvay S.A. (b)	7,587
152	UCB S.A. (b)	10,549
223	Umicore S.A. (b)	6,547
		119,602

Shares	Description	Value

	Bermuda – 0.2%
1,800	Hongkong Land Holdings Ltd. (b)	$7,909
6,942	Hopson Development Holdings Ltd. (b)	7,228
200	Jardine Matheson Holdings Ltd. (b)	10,112
18,489	Man Wah Holdings Ltd. (b)	11,708
		36,957
	Canada – 8.9%
1,630	Algonquin Power & Utilities Corp.	17,806
1,129	AltaGas Ltd.	21,618
803	Bank of Montreal	70,380
1,319	Bank of Nova Scotia (The)	62,734
818	BCE, Inc.	34,299
1,555	Canadian Imperial Bank of Commerce	68,060
825	Canadian Utilities Ltd., Class A	21,459
510	Emera, Inc.	20,635
4,759	Enbridge, Inc.	176,462
511	Fortis, Inc.	19,414
3,207	Great-West Lifeco, Inc.	69,231
938	Hydro One Ltd. (c) (d)	22,938
640	Intact Financial Corp.	90,573
1,049	Metro, Inc.	52,528
1,233	National Bank of Canada	77,282
3,051	Power Corp. of Canada	68,757
801	Rogers Communications, Inc., Class B	30,855
858	Royal Bank of Canada	77,250
1,691	Sun Life Financial, Inc.	67,243
3,886	TC Energy Corp.	156,526
1,735	TELUS Corp.	34,453
919	TMX Group Ltd.	84,532
1,191	Toronto-Dominion Bank (The)	73,046
		1,418,081
	Cayman Islands – 0.3%
1,623	CK Asset Holdings Ltd. (b)	9,744
1,593	CK Hutchison Holdings Ltd. (b)	8,771
7,200	Shimao Group Holdings Ltd. (e) (f)	2,027
12,446	Sino Biopharmaceutical Ltd. (b)	5,833
2,667	SITC International Holdings Co., Ltd. (b)	4,891
9,731	WH Group Ltd. (b) (c) (d)	6,120
2,400	Wharf Real Estate Investment Co., Ltd. (b)	10,880
4,446	Xinyi Glass Holdings Ltd. (b)	6,430
		54,696
	Denmark – 2.2%
14	AP Moller - Maersk A.S., Class B (b)	25,441
86	Carlsberg A.S., Class B (b)	10,057

Page 18

See Notes to Financial Statements

Table of Contents

Developed International Equity Select ETF (RNDM)

Portfolio of Investments (Continued)

September 30, 2022 (Unaudited)

Shares	Description	Value
COMMON STOCKS (a) (Continued)
	Denmark (Continued)
539	Chr Hansen Holding A.S. (b)	$26,551
262	Coloplast A.S., Class B (b)	26,626
575	Danske Bank A.S. (b)	7,157
879	Demant A.S. (b) (f)	21,730
217	DSV A.S. (b)	25,421
107	Genmab A.S. (b) (f)	34,422
808	GN Store Nord A.S. (b)	14,153
6,911	H Lundbeck A.S. (b)	22,089
1,728	H Lundbeck A.S., Class A (f)	5,158
359	Novo Nordisk A.S., Class B (b)	35,763
579	Novozymes A.S., Class B (b)	29,096
242	Orsted A.S. (b) (c) (d)	19,288
107	Pandora A.S. (b)	5,004
111	Royal Unibrew A.S. (b)	7,192
174	Topdanmark A.S.	8,151
395	Tryg A.S. (b)	8,154
1,226	Vestas Wind Systems A/S (b)	22,574
		354,027
	Finland – 1.3%
414	Elisa Oyj (b)	18,758
558	Fortum Oyj (b)	7,498
347	Kesko Oyj, Class B (b)	6,474
190	Kojamo Oyj (b)	2,447
216	Kone Oyj, Class B (b)	8,322
1,337	Metso Outotec Oyj (b)	8,867
499	Neste Oyj (b)	21,751
4,512	Nokia Oyj (b)	19,370
3,522	Nordea Bank Abp (b)	30,142
778	Sampo Oyj, Class A (b)	33,214
1,009	Stora Enso Oyj, Class R (b)	12,818
606	UPM-Kymmene Oyj (b)	19,231
366	Valmet Oyj (b)	7,399
1,235	Wartsila OYJ Abp (b)	7,889
		204,180
	France – 8.9%
718	Air Liquide S.A. (b)	82,067
1,939	AXA S.A. (b)	42,334
11,267	Bollore SE (b)	51,694
1,691	Bouygues S.A. (b)	44,234
2,065	Bureau Veritas S.A. (b)	46,210
1,415	Carrefour S.A. (b)	19,625
558	Danone S.A. (b)	26,385
2,827	Dassault Systemes SE (b)	97,602
1,192	Edenred (b)	54,916
574	Eiffage S.A. (b)	46,031
687	Eurazeo SE (b)	35,849
3,275	Getlink SE (b)	50,787
5,031	La Francaise des Jeux SAEM (b) (c) (d)	149,239
622	Legrand S.A. (b)	40,218
497	L’Oreal S.A. (b)	158,912
2,414	Orange S.A. (b)	21,834
139	Pernod Ricard S.A. (b)	25,500

Shares	Description	Value

	France (Continued)
147	Remy Cointreau S.A. (b)	$24,394
2,467	Sanofi (b)	187,853
1,427	SEB S.A. (b)	89,759
155	Teleperformance (b)	39,321
576	Vinci S.A. (b)	46,576
555	Wendel SE (b)	39,724
		1,421,064
	Germany – 7.6%
218	Allianz SE (b)	34,343
450	BASF SE (b)	17,270
862	Bayer AG (b)	39,716
243	Beiersdorf AG (b)	23,878
315	Brenntag SE (b)	19,042
290	Deutsche Boerse AG (b)	47,539
2,703	Deutsche Telekom AG (b)	46,010
5,974	E.ON SE (b)	45,897
926	Evonik Industries AG (b)	15,508
879	Fresenius Medical Care AG & Co., KGaA (b)	24,764
1,602	Fresenius SE & Co., KGaA (b)	34,147
710	FUCHS PETROLUB SE (Preference Shares) (b)	17,979
3,147	GEA Group AG (b)	101,846
307	Hannover Rueck SE (b)	46,021
2,273	HeidelbergCement AG (b)	89,793
4,718	Henkel AG & Co., KGaA (Preference Shares) (b)	280,188
275	LEG Immobilien SE (b)	16,415
195	Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (b)	46,941
635	SAP SE (b)	51,749
1,227	Scout24 AG (b) (c) (d)	61,486
214	Symrise AG (b)	20,868
1,182	Talanx AG (b)	41,855
18,535	Telefonica Deutschland Holding AG (b)	37,474
2,050	United Internet AG (b)	38,322
675	Vonovia SE (b)	14,568
		1,213,619
	Greece – 0.0%
281	Hellenic Telecommunications Organization S.A. (b)	4,080
23	OPAP S.A. (b)	276
		4,356
	Hong Kong – 2.0%
7,851	AIA Group Ltd. (b)	65,367
1,870	CLP Holdings, Ltd. (b)	14,133
3,111	Galaxy Entertainment Group Ltd. (b)	18,286
5,838	Hang Lung Properties Ltd. (b)	9,587
4,224	Hang Seng Bank Ltd. (b)	64,173

See Notes to Financial Statements

Page 19

Table of Contents

Developed International Equity Select ETF (RNDM)

Portfolio of Investments (Continued)

September 30, 2022 (Unaudited)

Shares	Description	Value
COMMON STOCKS (a) (Continued)
	Hong Kong (Continued)
2,782	Henderson Land Development Co., Ltd. (b)	$7,790
14,417	Hong Kong & China Gas Co., Ltd. (b)	12,699
1,715	Hong Kong Exchanges & Clearing Ltd. (b)	58,623
1,902	MTR Corp., Ltd. (b)	8,724
3,393	New World Development Co., Ltd. (b)	9,637
2,419	Power Assets Holdings Ltd. (b)	12,126
8,905	Sino Land Co., Ltd. (b)	11,713
966	Sun Hung Kai Properties Ltd. (b)	10,661
1,640	Swire Pacific Ltd., Class A (b)	12,258
1,158	Techtronic Industries Co., Ltd. (b)	11,050
		326,827
	Ireland – 0.8%
2,142	AIB Group PLC (b)	5,213
739	Bank of Ireland Group PLC (b)	4,740
694	CRH PLC (b)	22,313
1,043	DCC PLC (b)	54,166
190	Kerry Group PLC, Class A (b)	16,935
282	Kingspan Group PLC (b)	12,705
255	Ryanair Holdings PLC, ADR (f)	14,897
		130,969
	Israel – 0.5%
46	Azrieli Group Ltd. (b)	3,139
1,072	Bank Hapoalim BM (b)	9,049
986	Bank Leumi Le-Israel BM (b)	8,421
27	Elbit Systems Ltd. (b)	5,112
786	ICL Group Ltd. (b)	6,299
1,706	Israel Discount Bank Ltd., Class A (b)	8,590
272	Mizrahi Tefahot Bank Ltd. (b)	9,523
78	Nice, Ltd. (b) (f)	14,678
1,395	Teva Pharmaceutical Industries Ltd. (b) (f)	11,132
		75,943
	Italy – 1.6%
9,639	A2A S.p.A. (b)	9,364
126	Amplifon S.p.A. (b)	3,283
958	Assicurazioni Generali S.p.A. (b)	13,081
472	Atlantia S.p.A. (b)	10,415
2,566	Banca Mediolanum S.p.A. (b)	16,069
232	De’ Longhi S.p.A. (b)	3,391
2,467	Enel S.p.A. (b)	10,118
2,458	Eni S.p.A. (b)	26,125
1,440	FinecoBank Banca Fineco S.p.A. (b)	17,785
4,478	Hera S.p.A. (b)	9,515
1,144	Infrastrutture Wireless Italiane S.p.A. (b) (c) (d)	9,981

Shares	Description	Value

	Italy (Continued)
195	Interpump Group S.p.A. (b)	$6,307
9,553	Intesa Sanpaolo S.p.A. (b)	15,791
2,571	Italgas S.p.A. (b)	11,939
2,159	Mediobanca Banca di Credito Finanziario S.p.A. (b)	16,893
113	Moncler S.p.A. (b)	4,613
849	Nexi S.P.A (b) (c) (d) (f)	6,858
1,163	Pirelli & C S.p.A. (b) (c) (d)	3,788
1,929	Poste Italiane S.p.A. (b) (c) (d)	14,574
288	Prysmian S.p.A. (b)	8,249
110	Recordati Industria Chimica e Farmaceutica S.p.A. (b)	4,026
6,243	Snam S.p.A. (b)	25,234
1,926	Terna-Rete Elettrica Nazionale S.p.A. (b)	11,730
		259,129
	Japan – 19.5%
900	Chubu Electric Power Co., Inc. (b)	8,094
14,300	Hitachi Metals Ltd. (b) (f)	215,140
33,900	Japan Post Holdings Co., Ltd. (b)	224,595
2,600	Japan Tobacco, Inc. (b)	42,725
1,000	Kansai Electric Power (The) Co., Inc. (b)	8,366
1,100	Kao Corp. (b)	44,759
3,000	KDDI Corp. (b)	87,709
3,000	Kirin Holdings Co., Ltd. (b)	46,217
800	MEIJI Holdings Co., Ltd. (b) (g)	35,512
1,700	Mitsubishi Estate Co., Ltd. (b)	22,400
19,800	Mizuho Financial Group, Inc. (b)	214,328
3,300	Nippon Telegraph & Telephone Corp. (b)	89,009
600	Nissin Foods Holdings Co., Ltd. (b)	41,706
600	Osaka Gas Co., Ltd. (b)	9,046
8,300	Secom Co., Ltd. (b)	473,259
31,500	Sekisui House Ltd. (b)	521,712
8,300	Softbank Corp. (b)	82,883
14,400	Takeda Pharmaceutical Co., Ltd. (b)	373,936
300	Tokyo Gas Co., Ltd. (b)	5,064
36,600	USS Co., Ltd. (b)	565,255
		3,111,715
	Jersey – 0.4%
598	Ferguson PLC (b)	62,030
	Luxembourg – 0.1%
417	ArcelorMittal S.A. (b)	8,298
	Netherlands – 4.1%
443	Aalberts N.V. (b)	14,448
1,510	ABN AMRO Bank N.V. (b) (c) (d)	13,530

Page 20

See Notes to Financial Statements

Table of Contents

Developed International Equity Select ETF (RNDM)

Portfolio of Investments (Continued)

September 30, 2022 (Unaudited)

Shares	Description	Value
COMMON STOCKS (a) (Continued)
	Netherlands (Continued)
11	Adyen N.V. (b) (c) (d) (f)	$13,719
3,657	Aegon N.V. (b)	14,536
158	Akzo Nobel N.V. (b)	8,954
58	Argenx SE (b) (f)	20,641
240	ASM International N.V. (b)	53,738
131	ASML Holding N.V. (b)	54,270
416	ASR Nederland N.V. (b)	15,992
1,025	BE Semiconductor Industries N.V. (b)	43,881
683	Davide Campari-Milano N.V. (b)	6,043
624	Euronext N.V. (b) (c) (d)	39,491
371	Heineken Holding N.V. (b)	25,398
305	Heineken N.V. (b)	26,636
79	IMCD N.V. (b)	9,366
1,897	ING Groep N.V. (b)	16,254
907	Koninklijke Ahold Delhaize N.V. (b)	23,103
163	Koninklijke DSM N.V. (b)	18,548
3,378	Koninklijke KPN N.V. (b)	9,142
1,073	Koninklijke Philips N.V. (b)	16,520
383	NN Group N.V. (b)	14,896
379	OCI N.V. (b)	13,876
1,643	Prosus N.V. (b)	85,480
377	Randstad N.V. (b)	16,272
486	Signify N.V. (b) (c) (d)	12,508
635	Wolters Kluwer N.V. (b)	61,832
		649,074
	New Zealand – 0.2%
2,714	Auckland International Airport Ltd. (b) (f)	10,879
305	EBOS Group Ltd. (b)	6,420
519	Fisher & Paykel Healthcare Corp., Ltd. (b)	5,379
2,387	Spark New Zealand Ltd. (b)	6,678
155	Xero Ltd. (b) (f)	7,173
		36,529
	Norway – 0.8%
283	Adevinta ASA (b) (f)	1,686
90	Aker ASA, Class A (b)	5,816
769	Aker BP ASA (b)	22,074
366	DNB Bank ASA (b)	5,808
774	Equinor ASA (b)	25,526
335	Gjensidige Forsikring ASA (b)	5,748
139	Kongsberg Gruppen ASA (b)	4,218
803	Leroy Seafood Group ASA (b)	3,167
274	Mowi ASA (b)	3,485
167	Nordic Semiconductor ASA (b) (f)	2,206
1,291	Norsk Hydro ASA (b)	6,927
831	Orkla ASA (b)	6,041
91	Salmar ASA (b)	3,067
174	Schibsted ASA, Class A (b)	2,348
827	Storebrand ASA (b)	5,725

Shares	Description	Value

	Norway (Continued)
823	Telenor ASA (b)	$7,532
214	TOMRA Systems ASA (b)	3,776
243	Yara International ASA (b)	8,528
		123,678
	Portugal – 0.2%
3,345	EDP - Energias de Portugal S.A. (b)	14,517
594	Galp Energia SGPS S.A. (b)	5,715
314	Jeronimo Martins SGPS S.A. (b)	5,848
		26,080
	Singapore – 1.2%
1,500	DBS Group Holdings Ltd. (b)	34,700
7,500	Genting Singapore Ltd. (b)	4,076
200	Jardine Cycle & Carriage Ltd. (b)	4,678
1,800	Keppel Corp., Ltd. (b)	8,661
4,600	Oversea-Chinese Banking Corp., Ltd. (b)	37,692
1,100	Singapore Airlines Ltd. (b) (f)	3,888
5,500	Singapore Exchange Ltd. (b)	36,082
3,800	Singapore Technologies Engineering Ltd. (b)	9,441
9,900	Singapore Telecommunications Ltd. (b)	18,268
1,700	United Overseas Bank Ltd. (b)	30,791
3,500	Wilmar International Ltd. (b)	9,311
		197,588
	South Korea – 4.3%
318	Hana Financial Group, Inc. (b)	7,809
134	Hyundai Glovis Co., Ltd. (b)	15,082
163	Hyundai Mobis Co., Ltd. (b)	21,517
198	Hyundai Motor Co. (b)	24,164
1,426	Industrial Bank of Korea (b)	9,430
254	KB Financial Group, Inc. (b)	7,670
479	Kia Corp. (b)	23,841
353	Korea Electric Power Corp. (b) (f)	4,918
135	Korea Zinc Co., Ltd. (b)	55,818
1,174	Korean Air Lines Co., Ltd. (b) (f)	17,914
702	KT Corp., ADR	8,578
151	KT&G Corp. (b)	9,117
14	LG H&H Co. Ltd. (b)	6,136
1,808	Mirae Asset Securities Co., Ltd. (b)	7,485
442	NAVER Corp. (b)	58,882
227	Samsung C&T Corp. (b)	16,266
2,162	Samsung Electronics Co., Ltd. (b)	79,387
71	Samsung Fire & Marine Insurance Co., Ltd. (b)	9,081
235	Samsung Life Insurance Co., Ltd. (b)	10,179

See Notes to Financial Statements

Page 21

Table of Contents

Developed International Equity Select ETF (RNDM)

Portfolio of Investments (Continued)

September 30, 2022 (Unaudited)

Shares	Description	Value
COMMON STOCKS (a) (Continued)
	South Korea (Continued)
251	Samsung SDI Co., Ltd. (b)	$94,412
1,087	Samsung SDS Co., Ltd. (b)	86,567
371	Shinhan Financial Group Co., Ltd. (b)	8,618
222	SK Telecom Co., Ltd. (b)	7,837
622	SK, Inc. (b)	82,584
1,008	Woori Financial Group, Inc. (b)	7,481
		680,773
	Spain – 2.4%
51	Acciona S.A. (b)	8,964
374	ACS Actividades de Construccion y Servicios S.A. (b)	8,404
59	Aena SME S.A. (b) (c) (d) (f)	6,123
547	Amadeus IT Group S.A. (b) (f)	25,360
5,030	Banco Bilbao Vizcaya Argentaria S.A. (b)	22,564
8,454	Banco Santander S.A. (b)	19,672
4,923	Bankinter S.A. (b)	27,642
8,518	CaixaBank S.A. (b)	27,435
714	Cellnex Telecom S.A. (b) (c) (d)	22,024
542	Enagas S.A. (b)	8,390
1,283	Endesa S.A. (b)	19,270
382	Ferrovial S.A. (b)	8,671
347	Fluidra S.A. (b)	5,203
570	Grifols S.A. (b) (f)	4,924
2,562	Iberdrola S.A. (b)	23,889
1,434	Industria de Diseno Textil S.A. (b)	29,593
13,794	Mapfre S.A. (b)	21,363
936	Naturgy Energy Group S.A. (b)	21,653
1,366	Red Electrica Corp. S.A. (b)	20,962
918	Repsol S.A. (b)	10,548
686	Siemens Gamesa Renewable Energy S.A. (b) (f)	11,960
7,107	Telefonica S.A. (b)	23,495
		378,109
	Sweden – 3.0%
538	AAK AB (b)	7,113
1,263	Alfa Laval AB (b)	31,319
1,614	Assa Abloy AB, Class B (b)	30,240
3,403	Atlas Copco AB, Class A (b)	31,629
307	Axfood AB (b)	7,034
713	Castellum AB (b)	7,989
1,698	Electrolux AB, Class B (b)	17,648
2,032	Epiroc AB, Class A (b)	29,069
424	Essity AB, Class B (b)	8,377
1,192	Fabege AB (b)	8,097
2,958	Hexagon AB, Class B (b)	27,625
459	Holmen AB, Class B (b)	17,418
985	Industrivarden AB, Class C (b)	19,645
1,259	Investor AB, Class B (b)	18,370

Shares	Description	Value

	Sweden (Continued)
539	L E Lundbergforetagen AB, Class B (b)	$19,458
2,537	Skandinaviska Enskilda Banken AB, Class A (b)	24,179
1,944	Skanska AB, Class B (b)	24,195
1,326	Svenska Cellulosa AB SCA, Class B (b)	16,825
2,991	Svenska Handelsbanken AB, Class A (b)	24,553
1,843	Swedbank AB, Class A (b)	24,191

Shareholder Letter	2
Market Overview	3
Fund Performance Overview
Developed International Equity Select ETF (RNDM)	4
Emerging Markets Equity Select ETF (RNEM)	6
Large Cap US Equity Select ETF (RNLC)	8
Mid Cap US Equity Select ETF (RNMC)	10
Small Cap US Equity Select ETF (RNSC)	12
US Equity Dividend Select ETF (RNDV)	14
Notes to Fund Performance Overview	16
Understanding Your Fund Expenses	17
Portfolio of Investments
Developed International Equity Select ETF (RNDM)	18
Emerging Markets Equity Select ETF (RNEM)	26
Large Cap US Equity Select ETF (RNLC)	32
Mid Cap US Equity Select ETF (RNMC)	38
Small Cap US Equity Select ETF (RNSC)	44
US Equity Dividend Select ETF (RNDV)	50
Statements of Assets and Liabilities	54
Statements of Operations	56
Statements of Changes in Net Assets	58
Financial Highlights	60
Notes to Financial Statements	66
Additional Information	76