First Trust Exchange-Traded Fund VI

Developed International Equity Select ETF (RNDM)

Emerging Markets Equity Select ETF (RNEM)

Large Cap US Equity Select ETF (RNLC)

Mid Cap US Equity Select ETF (RNMC)

Small Cap US Equity Select ETF (RNSC)

US Equity Dividend Select ETF (RNDV)

Annual Report
For the Year Ended
March 31, 2023

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

2

3
Fund Performance Overview

4

6

8

10

12

14

16

17
Portfolio of Investments

18

25

31

37

43

49

54

56

58

60

66

76

77

82

84

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

Table of Contents
Shareholder Letter
First Trust Exchange-Traded Fund VI
Annual Letter from the Chairman and CEO
March 31, 2023
Dear Shareholders,
First Trust is pleased to provide you with the annual report for certain series of First Trust Exchange-Traded Fund VI (the “Funds”), which contains detailed information about the Funds for the twelve 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
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 negative results over the past 12 months. The S&P 500® (the “Index”), S&P MidCap 400® and S&P SmallCap 600® Indices posted total returns of -7.73%, -5.12% and -8.82%, respectively, for the 12-month period ended March 31, 2023. Three of the 11 major sectors that comprise the Index were positive on a total return basis. The top performer was the Energy sector, up 13.63%, while the worst showing came from the Real Estate sector, down 19.75%.
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 experienced negative total returns over the past year. For the 12-months ended March 31, 2023, the MSCI World ex USA and MSCI Emerging Markets equity indices posted total returns of -2.74% (USD) and -10.70% (USD), respectively, according to Bloomberg. The major foreign bond indices were also down during the same period. The Bloomberg Global Aggregate Index of higher quality debt posted a total return of -8.07% (USD), while the Bloomberg EM Hard Currency Aggregate Index of emerging markets debt fell by 5.41% (USD), according to Bloomberg. The U.S. Dollar rose 4.27% over the past 12 months against a basket of major currencies, as measured by the U.S. Dollar Index (DXY). The increase in the U.S. Dollar provided a drag on the performance of both foreign stock and bond indices, in our opinion.
In the U.S. bond market, the results were also disappointing. The top performing major debt group we track was intermediate corporate bonds. The Bloomberg Intermediate Corporate Index posted a total return of -1.99% for the 12-month period ended March 31, 2023. The worst-performing U.S. debt group that we track was U.S. aggregate bonds. The Bloomberg U.S. Aggregate Bond Index posted a total return of -4.78%. The yield on the benchmark 10-Year Treasury Note (“T-Note”) fell by 113 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)
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 MarketsTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDM.” The Fund normally invests at least 90% of its net assets (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 CapTM Index (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in developed markets (excluding the United States), as determined by Nasdaq, Inc. A country is classified as “developed” based on a number of criteria, including national income per capita, national market capitalization and national trading volume. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.
Performance  
    Average Annual Total Returns   Cumulative Total Returns
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -3.60% 1.45% 2.00%   7.44% 12.14%
Market Price -3.33% 1.39% 2.04%   7.15% 12.35%
Index Performance            
Nasdaq Riskalyze Developed MarketsTM Index -3.36% 2.73% 3.22%   14.42% 20.08%
Nasdaq Developed Markets Ex-US Large Mid CapTM Index -2.90% 4.15% 5.04%   22.54% 32.85%
MSCI World ex USA Index -2.74% 3.83% 4.65%   20.70% 30.03%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a net asset value (“NAV”) return of -3.60% during the period covered by this report. During the same period, the Nasdaq Developed Markets Ex-US Large Mid CapTM Index (the “Benchmark”) generated a return of -2.90%. Investments in Japan received the greatest allocation of any country in the Fund during the same period. Japanese securities carried an average weight of 19.3% and contributed 0.7% to the Fund’s return which tied with Germany for the greatest impact of any country allocation in the Fund. The most negative contribution to the Fund’s return came from investments in Canada, which contributed -1.3%. Exposure to foreign currency contributed -4.4% to the Fund’s total return for the period.

Riskalyze and Nasdaq Riskalyze Developed MarketsTM Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze Developed MarketsTM Index (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE® and NASDAQ RISKALYZE DEVELOPED MARKETSTM INDEX are trademarks of Riskalyze. Nasdaq® is a trademark of Nasdaq, Inc.
Page 4

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Developed International Equity Select ETF (RNDM) (Continued)
Sector Allocation % of Total
Investments
Financials 22.0%
Industrials 17.9
Health Care 13.1
Consumer Discretionary 11.7
Consumer Staples 11.3
Communication Services 6.9
Materials 4.2
Utilities 4.0
Information Technology 3.8
Energy 2.9
Real Estate 2.2
Total 100.0%
Top Ten Holdings % of Total
Investments
Sekisui House Ltd. 3.1%
McDonald’s Holdings Co., Japan Ltd. 3.0
Secom Co., Ltd. 2.7
Tobu Railway Co., Ltd. 2.5
Enbridge, Inc. 1.9
RELX PLC 1.5
Takeda Pharmaceutical Co., Ltd. 1.3
Phoenix Group Holdings PLC 1.1
London Stock Exchange Group PLC 1.1
SEB S.A. 1.1
Total 19.3%

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 5

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Emerging Markets Equity Select ETF (RNEM)
The Emerging Markets Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging MarketsTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNEM.” The Fund normally invests at least 90% of its net assets (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 Large Mid CapTM Index (the “Base Index”) and have a minimum three-month average daily dollar trading volume of $5 million. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of companies in emerging markets, as determined by Nasdaq, Inc. A country is classified as “emerging” based on a number of criteria, including national income per capita, national market capitalization and national trading volume. Emerging markets are generally characterized by lower market efficiency and less strict standards in accounting and securities regulation than developed markets. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing.
Performance  
    Average Annual Total Returns   Cumulative Total Returns
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -4.97% -1.03% 1.25%   -5.06% 7.42%
Market Price -5.34% -1.25% 1.19%   -6.08% 7.06%
Index Performance            
Nasdaq Riskalyze Emerging MarketsTM Index -3.56% 1.00% 3.18%   5.08% 19.85%
Nasdaq Emerging Large Mid CapTM Index -8.71% 0.16% 3.10%   0.78% 19.30%
MSCI Emerging Markets Index -10.70% -0.88% 2.12%   -4.32% 12.88%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a NAV return of -4.97% during the period covered by this report. During the same period, the Nasdaq Emerging Large Mid CapTM Index (the “Benchmark”) generated a return of -8.71%. Securities from India and Taiwan received the greatest allocation of any country in the Fund during the same period carrying an average weight of 25.4% and 24.9%, respectively. Investments in Brazil were the largest negatively contributing country with a contribution to the Fund’s return of -1.7%. Investments in China contributed 0.6% to the Fund’s total return, which was the greatest of any country. Exposure to foreign currency contributed -4.7% to the Fund’s total return for the period.

Riskalyze and Nasdaq Riskalyze Emerging MarketsTM Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze Emerging MarketsTM Index (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE® and NASDAQ RISKALYZE EMERGING MARKETSTM INDEX are trademarks of Riskalyze. Nasdaq® is a trademark of Nasdaq, Inc.
Page 6

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Emerging Markets Equity Select ETF (RNEM) (Continued)
Sector Allocation % of Total
Investments
Financials 32.3%
Information Technology 22.0
Materials 10.4
Consumer Staples 7.9
Industrials 6.2
Consumer Discretionary 5.0
Energy 4.4
Communication Services 3.6
Utilities 3.3
Health Care 2.8
Real Estate 2.1
Total 100.0%
Top Ten Holdings % of Total
Investments
Wistron Corp. 3.8%
Inventec Corp. 3.4
Powertech Technology, Inc. 2.9
Compal Electronics, Inc. 2.8
WPG Holdings Ltd. 2.6
Power Finance Corp., Ltd. 2.6
Hon Hai Precision Industry Co., Ltd. 2.5
REC Ltd. 2.2
Larsen & Toubro Ltd. 2.1
HDFC Bank Ltd. 2.0
Total 26.9%

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.
Page 7

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Large Cap US Equity Select ETF (RNLC)
The Large Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Large CapTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNLC.” The Fund normally invests at least 90% of its net assets (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 CapTM Index (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of large cap US companies, as determined by Nasdaq, Inc.
Performance  
    Average Annual Total Returns   Cumulative Total Returns
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -5.57% 9.28% 9.70%   55.83% 70.70%
Market Price -5.62% 9.26% 9.70%   55.68% 70.69%
Index Performance            
Nasdaq Riskalyze US Large CapTM Index -5.02% 9.96% 10.37%   60.75% 76.88%
Nasdaq US 500 Large CapTM Index -8.29% 11.04% 11.34%   68.84% 86.01%
S&P 500® Index -7.73% 11.19% 11.43%   69.94% 86.93%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a NAV return of -5.57% during the period covered by this report. During the same period, the Nasdaq US 500 Large CapTM Index (the “Benchmark”) generated a return of -8.29%. The Information Technology sector received the greatest allocation and also contributed the greatest drag to the Fund’s overall return during the same period. This sector carried an average weight of 28.5% and contributed -2.1% to the Fund’s return. During the same period, the Consumer Discretionary and Energy sectors had the greatest positive contributions to the Fund’s return, with a 0.3% contribution for each.

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

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Large Cap US Equity Select ETF (RNLC) (Continued)
Sector Allocation % of Total
Investments
Information Technology 27.7%
Health Care 15.0
Industrials 12.3
Financials 11.2
Consumer Discretionary 9.6
Consumer Staples 7.4
Energy 5.0
Communication Services 3.3
Materials 2.9
Utilities 2.8
Real Estate 2.8
Total 100.0%
Top Ten Holdings % of Total
Investments
NVIDIA Corp. 1.3%
Monolithic Power Systems, Inc. 1.0
Skyworks Solutions, Inc. 0.9
Apple, Inc. 0.9
Lam Research Corp. 0.9
Applied Materials, Inc. 0.9
Seagate Technology Holdings PLC 0.9
Entegris, Inc. 0.9
Intel Corp. 0.8
Teradyne, Inc. 0.8
Total 9.3%

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 9

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Mid Cap US Equity Select ETF (RNMC)
The Mid Cap US Equity Select ETF (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Mid CapTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNMC.” The Fund normally invests at least 90% of its net assets (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 CapTM Index (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of mid cap US companies, as determined by Nasdaq, Inc.
Performance  
    Average Annual Total Returns   Cumulative Total Returns
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -4.47% 7.09% 7.54%   40.87% 52.19%
Market Price -4.48% 7.08% 7.53%   40.75% 52.13%
Index Performance            
Nasdaq Riskalyze US Mid CapTM Index -3.94% 7.74% 8.19%   45.20% 57.63%
Nasdaq US 600 Mid CapTM Index -9.77% 6.73% 7.78%   38.46% 54.18%
S&P MidCap 400® Index -5.12% 7.67% 8.20%   44.72% 57.70%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a NAV return of -4.47% during the period covered by this report. During the same period, the Nasdaq US 600 Mid CapTM Index (the “Benchmark”) generated a return of -9.77%. Multiple sectors received nearly the same allocation in the Fund during the same period. The greatest allocation in the Fund was the Industrials sector, which had an average weight of 18.3% and a contribution of 1.2% to the Fund’s total return, which was also the greatest of any sector. The greatest drag on the Fund’s return came from the investments in the Financials and Real Estate sectors. Investments in these sectors contributed approximately -1.9% each to Fund’s return.

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

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
Mid Cap US Equity Select ETF (RNMC) (Continued)
Sector Allocation % of Total
Investments
Industrials 20.0%
Consumer Discretionary 16.2
Financials 14.9
Health Care 11.6
Information Technology 10.7
Materials 6.7
Real Estate 6.5
Energy 4.0
Utilities 3.9
Consumer Staples 3.0
Communication Services 2.5
Total 100.0%
Top Ten Holdings % of Total
Investments
DENTSPLY SIRONA, Inc. 1.2%
Bruker Corp. 1.1
Universal Display Corp. 1.1
National Instruments Corp. 1.1
Chemed Corp. 1.0
Perrigo Co. PLC 1.0
Select Medical Holdings Corp. 1.0
Teleflex, Inc. 1.0
Ensign Group (The), Inc. 1.0
Jabil, Inc. 1.0
Total 10.5%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
Page 11

Table of Contents
Fund Performance Overview (Unaudited) (Continued)
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 CapTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNSC.” The Fund normally invests at least 90% of its net assets (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 CapTM Index (the “Base Index”) and have paid a dividend in the trailing twelve months (based on ex-date). The Base Index is a comprehensive, rules-based index designed to measure stock market performance of small cap US companies, as determined by Nasdaq, Inc.
Performance  
    Average Annual Total Returns   Cumulative Total Returns
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -6.28% 6.80% 7.15%   38.97% 49.05%
Market Price -6.41% 6.77% 7.14%   38.77% 48.98%
Index Performance            
Nasdaq Riskalyze US Small CapTM Index -5.73% 7.50% 7.86%   43.59% 54.81%
Nasdaq US 700 Small CapTM Index -12.49% 6.33% 7.19%   35.91% 49.39%
S&P SmallCap 600® Index -8.82% 6.30% 7.52%   35.71% 52.06%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a NAV return of -6.28% during the period covered by this report. During the same period, the Nasdaq US 700 Small CapTM Index (the “Benchmark”) generated a return of -12.49%. The Fund’s allocation to the Financials sector during the same period was the greatest of any sector at 17.8%. This sector also contributed the greatest drag to the Fund’s return at -3.4%. The greatest positive contributor to the Fund’s return was the Information Technology sector. Investments in this sector carried an average weight of 12.8% and contributed 2.4% to the Fund’s return.

Riskalyze and Nasdaq Riskalyze US Small CapTM Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Small CapTM Index (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE® and NASDAQ RISKALYZE US SMALL CAPTM INDEX 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
Industrials 16.9%
Financials 15.5
Health Care 15.2
Consumer Discretionary 12.5
Information Technology 11.7
Real Estate 6.5
Consumer Staples 5.8
Energy 5.2
Materials 4.4
Communication Services 3.9
Utilities 2.4
Total 100.0%
Top Ten Holdings % of Total
Investments
U.S. Physical Therapy, Inc. 3.0%
CONMED Corp. 2.9
Atrion Corp. 2.8
Embecta Corp. 2.8
Patterson Cos., Inc. 2.4
Pegasystems, Inc. 1.6
Shutterstock, Inc. 1.5
CTS Corp. 1.4
Simulations Plus, Inc. 1.3
Advanced Energy Industries, Inc. 1.3
Total 21.0%

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Frequency Distribution of Discounts and Premiums
Information showing the number of days the market price of the Fund’s shares was greater (at a premium) and less (at a discount) than the Fund’s net asset value for the most recently completed year, and the most recently completed calendar quarters since that year (or life of the Fund, if shorter), is available at https://www.ftportfolios.com/Retail/etf/home.aspx.
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 DividendTM Index (the “Index”). The shares of the Fund are listed and trade on The Nasdaq Stock Market LLC under the ticker symbol “RNDV.” The Fund normally invests at least 90% of its net assets (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 CapTM Index (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
  1 Year
Ended
3/31/23
5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
  5 Years
Ended
3/31/23
Inception
(6/20/17)
to 3/31/23
Fund Performance            
NAV -4.28% 9.18% 9.35%   55.17% 67.58%
Market Price -4.40% 9.17% 9.35%   55.09% 67.65%
Index Performance            
Nasdaq Riskalyze US Large Cap Select DividendTM Index -3.83% 9.79% 9.95%   59.49% 72.95%
Nasdaq US 500 Large CapTM Index -8.29% 11.04% 11.34%   68.84% 86.01%
S&P 500® Index -7.73% 11.19% 11.43%   69.94% 86.93%
(See Notes to Fund Performance Overview on page 16.)
Performance Review
The Fund generated a NAV return of -4.28% during the period covered by this report. During the same period, the Nasdaq US 500 Large CapTM Index (the “Benchmark”) generated a return of -8.29%. Investments in the Information Technology sector were by far the largest allocation in the Fund during the same period. The Information Technology sector holdings in the Fund carried an average weight of 28.5%. The Financials sector was the largest drag to the Fund’s total return with a contribution of -1.9%. The sector with the greatest contribution to the Fund’s return was the Health Care sector with a contribution of 0.8%.

Riskalyze and Nasdaq Riskalyze US Large Cap Select DividendTM Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund. The Nasdaq Riskalyze US Large Cap Select DividendTM Index (“Riskalyze Index”) is a product of Riskalyze, Inc. (“Riskalyze”). RISKALYZE® and NASDAQ RISKALYZE US LARGE CAP SELECT DIVIDENDTM INDEX 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 27.7%
Health Care 14.3
Financials 11.3
Industrials 10.6
Consumer Discretionary 10.0
Consumer Staples 7.0
Communication Services 5.2
Energy 5.2
Utilities 3.1
Materials 2.8
Real Estate 2.8
Total 100.0%
Top Ten Holdings % of Total
Investments
Intel Corp. 3.3%
Seagate Technology Holdings PLC 3.2
International Business Machines Corp. 2.1
HP, Inc. 2.0
Paramount Global, Class B 1.9
Medtronic PLC 1.8
Corning, Inc. 1.8
AbbVie, Inc. 1.8
NetApp, Inc. 1.7
Gilead Sciences, Inc. 1.7
Total 21.3%

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 15

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.
Page 16

Table of Contents
First Trust Exchange-Traded Fund VI
Understanding Your Fund Expenses
March 31, 2023 (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 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)
Developed International Equity Select ETF (RNDM)
Actual $1,000.00 $1,234.50 0.65% $3.62
Hypothetical (5% return before expenses) $1,000.00 $1,021.69 0.65% $3.28
Emerging Markets Equity Select ETF (RNEM)
Actual $1,000.00 $1,131.90 0.75% $3.99
Hypothetical (5% return before expenses) $1,000.00 $1,021.19 0.75% $3.78
Large Cap US Equity Select ETF (RNLC)
Actual $1,000.00 $1,167.00 0.60% $3.24
Hypothetical (5% return before expenses) $1,000.00 $1,021.94 0.60% $3.02
Mid Cap US Equity Select ETF (RNMC)
Actual $1,000.00 $1,159.00 0.60% $3.23
Hypothetical (5% return before expenses) $1,000.00 $1,021.94 0.60% $3.02
Small Cap US Equity Select ETF (RNSC)
Actual $1,000.00 $1,166.00 0.60% $3.24
Hypothetical (5% return before expenses) $1,000.00 $1,021.94 0.60% $3.02
US Equity Dividend Select ETF (RNDV)
Actual $1,000.00 $1,155.60 0.50% $2.69
Hypothetical (5% return before expenses) $1,000.00 $1,022.44 0.50% $2.52
    
(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).
Page 17

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments
March 31, 2023
Shares   Description   Value
COMMON STOCKS (a) – 97.7%
    Australia – 5.2%    
3,679   ANZ Group Holdings Ltd. (b)   $56,694
7,097   APA Group (b)   48,211
1,169   ASX Ltd. (b)   51,051
6,241   Aurizon Holdings Ltd. (b)   14,057
1,887   Brambles Ltd. (b)   17,014
2,074   Coles Group Ltd. (b)   25,060
925   Commonwealth Bank of Australia (b)   61,074
394   CSL Ltd. (b)   76,306
18,236   Insurance Australia Group Ltd. (b)   57,401
2,414   Lendlease Corp., Ltd. (b)   11,748
24,174   Medibank Pvt Ltd. (b)   54,553
2,912   National Australia Bank Ltd. (b)   54,260
1,270   Seven Group Holdings Ltd. (b)   19,728
3,668   Sonic Healthcare Ltd. (b)   85,989
8,363   Suncorp Group Ltd. (b)   67,950
14,884   Telstra Corp., Ltd. (b)   42,143
1,745   Transurban Group (b)   16,662
2,711   Treasury Wine Estates Ltd. (b)   23,799
2,560   Washington H Soul Pattinson & Co., Ltd. (b)   51,883
2,983   Wesfarmers Ltd. (b)   100,821
4,064   Westpac Banking Corp. (b)   59,170
1,004   Woolworths Group Ltd. (b)   25,524
        1,021,098
    Austria – 0.2%    
91   ANDRITZ AG (b)   6,157
421   Erste Group Bank AG (b)   13,948
185   OMV AG (b)   8,496
154   Verbund AG (b)   13,395
        41,996
    Belgium – 0.9%    
241   Ageas S.A./N.V. (b)   10,425
1,208   Anheuser-Busch InBev S.A./N.V. (b)   80,525
30   D’ieteren Group (b)   5,837
49   Elia Group S.A./N.V. (b)   6,471
126   Groupe Bruxelles Lambert S.A. (b)   10,753
186   KBC Group N.V. (b)   12,780
176   Proximus S.A.D.P. (b)   1,702
51   Sofina S.A. (b)   11,455
88   Solvay S.A. (b)   10,064
249   UCB S.A. (b)   22,255
234   Umicore S.A. (b)   7,938
        180,205
    Bermuda – 0.0%    
1,200   Hongkong Land Holdings Ltd. (b)   5,279
Shares   Description   Value
    Canada – 7.9%    
1,599   Algonquin Power & Utilities Corp.   $13,417
763   Bank of Montreal   67,961
1,405   Bank of Nova Scotia (The)   70,764
1,204   BCE, Inc.   53,933
1,527   Canadian Imperial Bank of Commerce   64,752
671   Canadian Utilities Ltd., Class A   18,698
514   Capital Power Corp.   15,836
432   Emera, Inc.   17,747
9,463   Enbridge, Inc.   360,805
460   Fortis, Inc.   19,554
237   George Weston Ltd.   31,407
3,096   Great-West Lifeco, Inc.   82,056
714   Hydro One Ltd. (c) (d)   20,329
472   Intact Financial Corp.   67,550
495   Metro, Inc.   27,228
1,066   National Bank of Canada   76,249
596   Northland Power, Inc. (CAD)   14,941
2,966   Power Corp. of Canada   75,801
742   Royal Bank of Canada   70,961
1,681   Sun Life Financial, Inc.   78,534
2,542   TELUS Corp.   50,464
651   Thomson Reuters Corp.   84,700
727   TMX Group Ltd.   73,426
1,090   Toronto-Dominion Bank (The)   65,287
129   Waste Connections, Inc.   17,954
        1,540,354
    Cayman Islands – 0.5%    
2,123   CK Asset Holdings Ltd. (b)   12,871
2,093   CK Hutchison Holdings Ltd. (b)   12,949
5,200   Sands China Ltd. (b) (e)   18,065
7,200   Shimao Group Holdings Ltd. (e) (f) (g)   2,027
14,446   Sino Biopharmaceutical Ltd. (b)   8,097
6,667   SITC International Holdings Co., Ltd. (b)   14,328
9,731   WH Group Ltd. (b) (c) (d)   5,801
2,400   Wharf Real Estate Investment Co., Ltd. (b)   13,818
        87,956
    Denmark – 2.7%    
13   AP Moller - Maersk A.S., Class B (b)   23,630
127   Carlsberg A.S., Class B (b)   19,706
680   Chr Hansen Holding A.S. (b)   51,728
328   Coloplast A.S., Class B (b)   43,187
822   Danske Bank A.S. (b) (e)   16,538
1,348   Demant A.S. (b) (e)   47,323
196   DSV A.S. (b)   38,004
104   Genmab A.S. (b) (e)   39,313
1,900   GN Store Nord A.S. (b) (e)   42,603
10,477   H Lundbeck A.S. (b)   48,480
 
Page 18
See Notes to Financial Statements

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
March 31, 2023
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Denmark (Continued)    
335   Novo Nordisk A.S., Class B (b)   $53,205
665   Novozymes A.S., Class B (b)   34,050
244   Orsted A.S. (b) (c) (d)   20,805
105   Pandora A.S. (b)   10,079
497   Tryg A.S. (b)   10,867
1,236   Vestas Wind Systems A/S (b)   36,023
        535,541
    Finland – 1.3%    
429   Elisa Oyj (b)   25,874
561   Fortum Oyj (b)   8,594
348   Kesko Oyj, Class B (b)   7,479
222   Kone Oyj, Class B (b)   11,578
1,281   Metso Outotec Oyj (b)   13,988
555   Neste Oyj (b)   27,419
4,502   Nokia Oyj (b)   22,100
3,514   Nordea Bank Abp (b)   37,523
128   Orion Oyj, Class B (b)   5,721
707   Sampo Oyj, Class A (b)   33,360
1,290   Stora Enso Oyj, Class R (b)   16,783
518   UPM-Kymmene Oyj (b)   17,398
422   Valmet Oyj (b)   13,700
1,334   Wartsila OYJ Abp (b)   12,589
        254,106
    France – 9.7%    
716   Air Liquide S.A. (b)   119,850
2,293   AXA S.A. (b)   69,977
8,439   Bollore SE (b)   52,167
1,484   Bouygues S.A. (b)   50,050
1,734   Bureau Veritas S.A. (b)   49,822
2,261   Carrefour S.A. (b)   45,712
662   Danone S.A. (b)   41,192
841   Edenred (b)   49,774
483   Eiffage S.A. (b)   52,268
3,985   Engie S.A. (b)   63,061
685   EssilorLuxottica S.A. (b)   123,521
957   Eurazeo SE (b)   68,120
2,506   Getlink SE (b)   41,273
3,825   La Francaise des Jeux SAEM (b) (c) (d)   159,417
598   Legrand S.A. (b)   54,641
353   L’Oreal S.A. (b)   157,736
2,227   Orange S.A. (b)   26,457
170   Pernod Ricard S.A. (b)   38,493
1,226   Sanofi (b)   132,995
1,801   SEB S.A. (b)   204,925
153   Teleperformance (b)   36,970
353   Thales S.A. (b)   52,190
479   Vinci S.A. (b)   54,914
14,620   Vivendi SE (b)   147,831
        1,893,356
    Germany – 8.5%    
314   Allianz SE (b)   72,483
Shares   Description   Value
    Germany (Continued)    
640   Bayer AG (b)   $40,884
1,865   Bayerische Motoren Werke AG (b)   204,402
199   Beiersdorf AG (b)   25,887
460   Brenntag SE (b)   34,618
302   Deutsche Boerse AG (b)   58,802
2,015   Deutsche Post AG (b)   94,374
2,832   Deutsche Telekom AG (b)   68,626
3,385   E.ON SE (b)   42,227
1,664   Evonik Industries AG (b)   35,009
1,045   Fresenius Medical Care AG & Co., KGaA (b)   44,354
1,382   Fresenius SE & Co., KGaA (b)   37,318
1,881   GEA Group AG (b)   85,807
330   Hannover Rueck SE (b)   64,542
1,535   HeidelbergCement AG (b)   112,081
2,139   Henkel AG & Co., KGaA (Preference Shares) (b)   167,343
243   LEG Immobilien SE (b)   13,354
182   Merck KGaA (b)   33,931
206   Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (b)   72,025
707   RWE AG (b)   30,421
945   SAP SE (b)   119,326
1,537   Scout24 AG (b) (c) (d)   91,419
286   Symrise AG (b)   31,124
23,900   Telefonica Deutschland Holding AG (b)   73,570
672   Vonovia SE (b)   12,657
        1,666,584
    Greece – 0.0%    
254   Hellenic Telecommunications Organization S.A. (b)   3,720
243   OPAP S.A. (b)   3,898
        7,618
    Hong Kong – 1.9%    
7,451   AIA Group Ltd. (b)   78,141
1,870   CLP Holdings, Ltd. (b)   13,513
2,111   Galaxy Entertainment Group Ltd. (b) (e)   14,121
6,838   Hang Lung Properties Ltd. (b)   12,795
4,124   Hang Seng Bank Ltd. (b)   58,624
3,782   Henderson Land Development Co., Ltd. (b)   13,085
14,417   Hong Kong & China Gas Co., Ltd. (b)   12,693
1,815   Hong Kong Exchanges & Clearing Ltd. (b)   80,449
2,902   MTR Corp., Ltd. (b)   14,006
4,393   New World Development Co., Ltd. (b)   11,776
 
See Notes to Financial Statements
Page 19

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
March 31, 2023
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Hong Kong (Continued)    
2,419   Power Assets Holdings Ltd. (b)   $12,978
8,905   Sino Land Co., Ltd. (b)   12,043
966   Sun Hung Kai Properties Ltd. (b)   13,533
640   Swire Pacific Ltd., Class A (b)   4,918
1,158   Techtronic Industries Co., Ltd. (b)   12,547
        365,222
    Ireland – 0.8%    
2,244   AIB Group PLC (b)   9,083
837   Bank of Ireland Group PLC (b)   8,469
605   CRH PLC (b)   30,565
555   DCC PLC (b)   32,351
189   Kerry Group PLC, Class A (b)   18,848
432   Kingspan Group PLC (b)   29,603
289   Ryanair Holdings PLC, ADR (e)   27,250
        156,169
    Israel – 0.4%    
46   Azrieli Group Ltd. (b)   2,643
1,184   Bank Hapoalim BM (b)   9,854
1,193   Bank Leumi Le-Israel BM (b)   9,025
6,270   Bezeq Israeli Telecommunication Corp., Ltd. (b)   8,536
29   Elbit Systems Ltd. (b)   4,939
796   ICL Group Ltd. (b)   5,394
2,054   Israel Discount Bank Ltd., Class A (b)   10,090
287   Mizrahi Tefahot Bank Ltd. (b)   8,997
54   Nice, Ltd. (b) (e)   12,301
1,344   Teva Pharmaceutical Industries Ltd. (b) (e)   11,934
        83,713
    Italy – 1.9%    
129   Amplifon S.p.A. (b)   4,471
1,139   Assicurazioni Generali S.p.A. (b)   22,694
2,467   Banca Mediolanum S.p.A. (b)   22,331
31   DiaSorin S.p.A. (b)   3,267
4,389   Enel S.p.A. (b)   26,768
1,650   Eni S.p.A. (b)   23,012
1,253   FinecoBank Banca Fineco S.p.A. (b)   19,197
436   Infrastrutture Wireless Italiane S.p.A. (b) (c) (d)   5,728
289   Interpump Group S.p.A. (b)   16,207
9,374   Intesa Sanpaolo S.p.A. (b)   24,058
3,882   Italgas S.p.A. (b)   23,678
1,330   Leonardo S.p.A. (b)   15,598
1,981   Mediobanca Banca di Credito Finanziario S.p.A. (b)   19,907
268   Moncler S.p.A. (b)   18,511
1,160   Nexi S.P.A (b) (c) (d) (e)   9,427
2,049   Poste Italiane S.p.A. (b) (c) (d)   20,895
327   Prysmian S.p.A. (b)   13,731
Shares   Description   Value
    Italy (Continued)    
92   Recordati Industria Chimica e Farmaceutica S.p.A. (b)   $3,892
4,342   Snam S.p.A. (b)   23,021
20,543   Telecom Italia S.p.A. (b) (e)   6,775
2,966   Terna-Rete Elettrica Nazionale S.p.A. (b)   24,343
1,526   UniCredit S.p.A. (b)   28,762
        376,273
    Japan – 18.8%    
14,800   Japan Post Holdings Co., Ltd. (b)   120,116
3,200   Japan Tobacco, Inc. (b)   67,595
3,200   KDDI Corp. (b)   98,681
3,400   Kirin Holdings Co., Ltd. (b)   53,791
13,800   McDonald’s Holdings Co., Japan Ltd. (b)   573,774
2,400   MEIJI Holdings Co., Ltd. (b)   57,080
22,700   Mitsubishi HC Capital, Inc. (b)   117,217
9,100   Mizuho Financial Group, Inc. (b)   128,925
3,400   Nippon Telegraph & Telephone Corp. (b)   101,601
800   Nissin Foods Holdings Co., Ltd. (b)   73,152
6,200   Otsuka Holdings Co., Ltd. (b)   196,848
8,400   Secom Co., Ltd. (b)   517,673
29,100   Sekisui House Ltd. (b)   593,094
9,300   SoftBank Corp. (b)   107,357
3,500   Sumitomo Mitsui Financial Group, Inc. (b)   140,061
7,500   Takeda Pharmaceutical Co., Ltd. (b)   246,327
20,500   Tobu Railway Co., Ltd. (b)   490,786
        3,684,078
    Jersey – 0.2%    
979   Experian PLC (b)   32,236
    Luxembourg – 0.2%    
471   ArcelorMittal S.A. (b)   14,269
1,357   Tenaris S.A. (b)   19,228
        33,497
    Netherlands – 4.4%    
549   Aalberts N.V. (b)   25,933
1,549   ABN AMRO Bank N.V. (b) (c) (d)   24,563
14   Adyen N.V. (b) (c) (d) (e)   22,308
3,485   Aegon N.V. (b)   14,962
167   Akzo Nobel N.V. (b)   13,062
48   Argenx SE (b) (e)   17,825
338   ASM International N.V. (b)   137,195
182   ASML Holding N.V. (b)   124,024
361   ASR Nederland N.V. (b)   14,364
680   Davide Campari-Milano N.V. (b)   8,297
792   Euronext N.V. (b) (c) (d)   60,647
 
Page 20
See Notes to Financial Statements

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
March 31, 2023
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Netherlands (Continued)    
330   Heineken Holding N.V. (b)   $30,277
259   Heineken N.V. (b)   27,830
79   IMCD N.V. (b)   12,918
1,614   ING Groep N.V. (b)   19,167
891   Koninklijke Ahold Delhaize N.V. (b)   30,441
198   Koninklijke DSM N.V. (b)   23,432
3,723   Koninklijke KPN N.V. (b)   13,155
1,020   Koninklijke Philips N.V. (b)   18,734
358   NN Group N.V. (b)   12,999
259   OCI N.V. (b)   8,780
1,465   Prosus N.V. (b)   114,715
416   Randstad N.V. (b)   24,696
1,379   Universal Music Group N.V. (b)   34,923
267   Wolters Kluwer N.V. (b)   33,705
        868,952
    New Zealand – 0.2%    
2,588   Auckland International Airport Ltd. (b) (e)   14,084
1,019   Fisher & Paykel Healthcare Corp., Ltd. (b)   17,034
2,383   Spark New Zealand Ltd. (b)   7,550
153   Xero Ltd. (b) (e)   9,280
        47,948
    Norway – 0.7%    
1,015   Aker BP ASA (b)   24,893
1,269   DNB Bank ASA (b)   22,710
899   Equinor ASA (b)   25,557
127   Kongsberg Gruppen ASA (b)   5,134
437   Mowi ASA (b)   8,083
1,339   Norsk Hydro ASA (b)   9,993
755   Orkla ASA (b)   5,355
163   Salmar ASA (b)   7,100
820   Telenor ASA (b)   9,614
220   TOMRA Systems ASA (b)   3,714
210   Yara International ASA (b)   9,127
        131,280
    Portugal – 0.2%    
3,372   EDP - Energias de Portugal S.A. (b)   18,374
1,068   Galp Energia SGPS S.A. (b)   12,084
353   Jeronimo Martins SGPS S.A. (b)   8,286
        38,744
    Singapore – 1.2%    
2,200   Capitaland Investment Ltd. (b)   6,104
1,000   City Developments Ltd. (b)   5,549
1,500   DBS Group Holdings Ltd. (b)   37,293
7,800   Genting Singapore Ltd. (b)   6,583
200   Jardine Cycle & Carriage Ltd. (b)   4,710
2,700   Keppel Corp., Ltd. (b)   11,455
Shares   Description   Value
    Singapore (Continued)    
4,200   Oversea-Chinese Banking Corp., Ltd. (b)   $39,151
1,200   Singapore Airlines Ltd. (b)   5,176
5,300   Singapore Exchange Ltd. (b)   37,532
2,000   Singapore Technologies Engineering Ltd. (b)   5,506
10,100   Singapore Telecommunications Ltd. (b)   18,714
1,900   United Overseas Bank Ltd. (b)   42,615
1,200   UOL Group Ltd. (b)   6,266
4,100   Wilmar International Ltd. (b)   12,989
        239,643
    South Korea – 4.3%    
33   CJ CheilJedang Corp. (b)   8,267
349   Hana Financial Group, Inc. (b)   10,930
100   Hyundai Glovis Co., Ltd. (b)   12,213
150   Hyundai Mobis Co., Ltd. (b)   24,913
162   Hyundai Motor Co. (b)   23,048
1,299   Industrial Bank of Korea (b)   10,103
283   KB Financial Group, Inc. (b)   10,336
398   Kia Corp. (b)   24,838
351   Korea Electric Power Corp. (b) (e)   4,864
1,296   Korean Air Lines Co., Ltd. (b)   23,139
642   KT Corp., ADR   7,280
153   KT&G Corp. (b)   9,833
219   LG Corp. (b)   13,945
754   NAVER Corp. (b)   118,145
346   POSCO Holdings, Inc. (b)   97,891
64   Samsung Biologics Co., Ltd. (b) (c) (d) (e)   38,795
157   Samsung C&T Corp. (b)   13,075
2,749   Samsung Electronics Co., Ltd. (b)   135,941
67   Samsung Fire & Marine Insurance Co., Ltd. (b)   10,591
198   Samsung Life Insurance Co., Ltd. (b)   9,548
1,269   Samsung SDS Co., Ltd. (b)   113,487
369   Shinhan Financial Group Co., Ltd. (b)   10,024
229   SK Telecom Co., Ltd. (b)   8,496
760   SK, Inc. (b)   101,264
1,156   Woori Financial Group, Inc. (b)   10,169
        851,135
    Spain – 2.5%    
53   Acciona S.A. (b)   10,634
413   ACS Actividades de Construccion y Servicios S.A. (b)   13,154
89   Aena SME S.A. (b) (c) (d) (e)   14,392
522   Amadeus IT Group S.A. (b) (e)   35,018
 
See Notes to Financial Statements
Page 21

Table of Contents
Developed International Equity Select ETF (RNDM)
Portfolio of Investments (Continued)
March 31, 2023
Shares   Description   Value
COMMON STOCKS (a) (Continued)
    Spain (Continued)    
5,727   Banco Bilbao Vizcaya Argentaria S.A. (b)   $40,944
11,037   Banco Santander S.A. (b)   41,129
7,992   CaixaBank S.A. (b)   31,184
741   Cellnex Telecom S.A. (b) (c) (d)   28,816
807   Enagas S.A. (b)   15,507
1,518   Endesa S.A. (b)   32,971
409   Ferrovial S.A. (b)   12,044
616   Grifols S.A. (b) (e)   6,097
2,442   Iberdrola S.A. (b)   30,422
1,464   Industria de Diseno Textil S.A. (b)   49,183
16,642   Mapfre S.A. (b)   33,540
986   Naturgy Energy Group S.A. (b)   29,682
1,490   Red Electrica Corp. S.A. (b)   26,219
1,083   Repsol S.A. (b)   16,654
6,975   Telefonica S.A. (b)   30,040
        497,630
    Sweden – 2.9%    
939   Alfa Laval AB (b)   33,529
1,246   Assa Abloy AB, Class B (b)   29,845
2,494   Atlas Copco AB, Class A (b)   31,595
482   Axfood AB (b)   11,771
1,632   Epiroc AB, Class A (b)   32,395
556   Essity AB, Class B (b)   15,881
1,439   H & M Hennes & Mauritz AB, Class B (b)   20,574
2,741   Hexagon AB, Class B (b)   31,547
314   Holmen AB, Class B (b)   12,105
1,118   Industrivarden AB, Class C (b)   30,146
1,433   Indutrade AB (b)   30,496
1,526   Investor AB, Class B (b)   30,399
1,713   Sandvik AB (b)   36,360
2,337   Skandinaviska Enskilda Banken AB, Class A (b)   25,796
1,874   Skanska AB, Class B (b)   28,703
887   SKF AB, Class B (b)   17,471
938   Svenska Cellulosa AB SCA, Class B (b)   12,354
2,724   Svenska Handelsbanken AB, Class A (b)   23,592
1,700   Swedbank AB, Class A (b)   27,956
445   Swedish Orphan Biovitrum AB (b) (e)   10,369
1,496   Tele2 AB, Class B (b)   14,890
2,193   Telefonaktiebolaget LM Ericsson, Class B (b)   12,855
4,485   Telia Co., AB (b)   11,389
1,653   Volvo AB, Class B (b)   34,063
        566,081
    Switzerland – 9.6%