MicroCap Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Dow Jones Select MicroCap Index Fund | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 18.62% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the Russell 2000®
Index, which returned 12.81% for the same
Period.
During
the Period, investments in the Financials sector received the greatest
allocation of any sector, with an average weight of 33.5% and contributed 7.7%
to overall Fund return, the greatest contribution of any sector. Investments in
the Communication Services sector contributed -1.4% to overall Fund return, the
most negative contribution of any sector, and held an average weight of
2.5%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FDM
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Stoke Therapeutics, Inc. | |
| TETRA Technologies, Inc. | |
| GigaCloud Technology, Inc., Class A | |
| Deluxe Corp. | |
| Plymouth Industrial REIT, Inc. | |
| Ameresco, Inc., Class A | |
| Horizon Bancorp, Inc. | |
| Universal Insurance Holdings, Inc. | |
| Central Pacific Financial Corp. | |
| Hanmi Financial Corp. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FDM
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Dow
Jones Select MicroCap IndexSM
(“Index”) is a product of S&P Dow Jones Indices, LLC or its affiliates
(“SPDJI”) and has been licensed for use by First Trust Advisors L.P. (“First
Trust”). S&P® is a
registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted
by SPDJI, Dow Jones, S&P or their respective affiliates and none of such
parties make any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors, omissions, or
interruptions of the Index.
First
Trust Dow Jones Select MicroCap Index Fund (FDM)
Dividend Leaders Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Morningstar Dividend Leaders Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 14.88% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Energy sector received the greatest allocation of
any sector, with an average weight of 19.3% and contributed 0.8% to overall Fund
return. With an average weight of 18.8%, investments in the Health Care sector
contributed 5.2% to overall Fund return, the greatest contribution of any
sector. Investments in the Materials sector contributed -0.9% to overall Fund
return, the most negative contribution of any sector, and held an average weight
of 2.1%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FDL
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Exxon Mobil Corp. | |
| Chevron Corp. | |
| Verizon Communications, Inc. | |
| Pfizer, Inc. | |
| Merck & Co., Inc. | |
| PepsiCo, Inc. | |
| Altria Group, Inc. | |
| Comcast Corp., Class A | |
| Bristol-Myers Squibb Co. | |
| United Parcel Service, Inc., Class B |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FDL
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Morningstar® and
Morningstar®
Dividend Leaders IndexSM are
registered trademarks and service marks of Morningstar, Inc. (“Morningstar”) and
have been licensed for use by First Trust Advisors L.P. on behalf of the Fund.
The Fund is not sponsored, endorsed, issued, sold or promoted by Morningstar and
Morningstar makes no representation regarding the advisability of investing in
the Fund.
First
Trust Morningstar Dividend Leaders Index Fund (FDL)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust US Equity Opportunities ETF | $ |
|
(1) |
Excludes
any Acquired Fund Fees and Expenses of underlying investment companies in
which the Fund
invests. |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 37.75% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the Russell 3000®
Index, which returned 17.15% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 31.5% and
contributed 17.8% to overall Fund return, the greatest contribution of any
sector. Investments in the Materials and Energy sectors each contributed -0.1%
to overall Fund return, the most negative contributions of any sectors and held
average weights of 0.6% and 2.5%, respectively.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FPX
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| GE Vernova, Inc. | |
| AppLovin Corp., Class A | |
| Palantir Technologies, Inc., Class A | |
| Constellation Energy Corp. | |
| International Business Machines Corp. | |
| Medline, Inc., Class A | |
| Warner Bros. Discovery, Inc. | |
| DoorDash, Inc., Class A | |
| Samsara, Inc., Class A | |
| AST SpaceMobile, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FPX
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
IPOX® and
IPOX®-100
U.S. Index are registered international trademarks and service marks of IPOX®
Schuster LLC (“IPOX”) and have been licensed for use by First Trust Advisors
L.P.. The Fund is not sponsored, endorsed, sold or promoted by IPOX, and IPOX
makes no representation regarding the advisability of trading in such Fund.
IPOX® is
an international trademark of IPOX Schuster LLC. Index of Initial Public
Offerings (IPOX) and IPOX Derivatives Patent No. US 7,698,197.
First
Trust US Equity Opportunities ETF (FPX)
Biotechnology Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust NYSE® Arca® Biotechnology Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 24.09% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the S&P Composite 1500®
Health Care Index, which returned 13.71% for the same
Period.
During
the Period, investments were highly concentrated in the Biotechnology industry,
which received the greatest allocation of any industry, with an average weight
of 79.2% and contributed 21.1% to overall Fund return, the greatest contribution
of any industry. No industry represented a negative contribution to overall Fund
return.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FBT
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Exact Sciences Corp. | |
| Illumina, Inc. | |
| Regeneron Pharmaceuticals, Inc. | |
| Krystal Biotech, Inc. | |
| Natera, Inc. | |
| Bruker Corp. | |
| ACADIA Pharmaceuticals, Inc. | |
| Veracyte, Inc. | |
| Biogen, Inc. | |
| Incyte Corp. |
Industry
Allocation
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FBT
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Source
ICE Data Indices, LLC, is used with permission. “NYSE®” is
a service/trade mark of ICE Data Indices, LLC or its affiliates. This trademark
has been licensed, along with the NYSE®
Arca®
Biotechnology Index (the “Index”) for use by First Trust Portfolios L.P. in
connection with the First Trust NYSE®
Arca®
Biotechnology Index Fund (the “Product”). Neither First Trust Portfolios L.P.,
First Trust Exchange-Traded Fund (the “Trust”) nor the Product, as applicable,
is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its
affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE Data
and its Suppliers make no representations or warranties regarding the
advisability of investing in securities generally, in the Product particularly,
the Trust or the ability of the Index to track general market performance. Past
performance of an Index is not an indicator of or a guarantee of future
results.
ICE
DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS,
EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS
FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY
INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE
DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH
RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND
THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR
OWN RISK.
First
Trust NYSE®
Arca®
Biotechnology Index Fund (FBT)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Dow Jones Internet Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 10.59% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P Composite 1500®
Information Technology Index, which returned 23.81% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 34.7% and
contributed 1.2% to overall Fund return. With an average weight of 32.0%,
investments in the Communication Services sector contributed 8.9% to overall
Fund return, the greatest contribution of any sector. Investments in the
Financials sector contributed -1.2% to overall Fund return, the most negative
contribution of any sector, and held an average weight of
3.0%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FDN
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Meta Platforms, Inc., Class A | |
| Amazon.com, Inc. | |
| Netflix, Inc. | |
| Cisco Systems, Inc. | |
| Alphabet, Inc., Class A | |
| Booking Holdings, Inc. | |
| Salesforce, Inc. | |
| Arista Networks, Inc. | |
| Alphabet, Inc., Class C | |
| DoorDash, Inc., Class A |
Sector
Allocation
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FDN
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Dow
Jones Internet Composite IndexSM
(“Index”) is a product of S&P Dow Jones Indices, LLC or its affiliates
(“SPDJI”) and has been licensed for use by First Trust Advisors L.P. (“First
Trust”). S&P® is a
registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted
by SPDJI, Dow Jones, S&P or their respective affiliates and none of such
parties make any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors, omissions, or
interruptions of the Index.
First
Trust Dow Jones Internet Index Fund (FDN)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Capital Strength® ETF | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 6.39% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Industrials sector received the greatest
allocation of any sector, with an average weight of 24.5% and contributed 0.9%
to overall Fund return. With an average weight of 19.8%, investments in the
Financials sector contributed 2.2% to overall Fund return, the greatest
contribution of any sector. Investments in the Information Technology sector
contributed -0.6% to overall Fund return, the most negative contribution of any
sector, and held an average weight of 12.9%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FTCS
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Cognizant Technology Solutions Corp., Class A | |
| Expeditors International of Washington, Inc. | |
| Cummins, Inc. | |
| Dover Corp. | |
| Ross Stores, Inc. | |
| Cisco Systems, Inc. | |
| Monster Beverage Corp. | |
| Moody’s Corp. | |
| Johnson & Johnson | |
| TJX (The) Cos., Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FTCS
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq® and
The Capital StrengthTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust Capital Strength® ETF
(FTCS)
Dividend Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Value Line® Dividend Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 8.19% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Industrials sector received the greatest
allocation of any sector, with an average weight of 19.4% and contributed 2.1%
to overall Fund return. With an average weight of 14.0%, investments in the
Financials sector contributed 3.0% to overall Fund return, the greatest
contribution of any sector. Investments in the Consumer Staples sector
contributed -1.4% to overall Fund return, the most negative contribution of any
sector, and held an average weight of 13.9%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FVD
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| BCE, Inc. | |
| TELUS Corp. | |
| T-Mobile US, Inc. | |
| Takeda Pharmaceutical Co., Ltd., ADR | |
| Motorola Solutions, Inc. | |
| Pembina Pipeline Corp. | |
| Rogers Communications, Inc., Class B | |
| Dominion Energy, Inc. | |
| Comcast Corp., Class A | |
| AT&T, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FVD
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Value
Line® and
Value Line®
Dividend Index are trademarks or registered trademarks of Value Line, Inc.
(“Value Line”) and have been licensed for use for certain purposes by First
Trust Advisors L.P. The Fund is not sponsored, endorsed, recommended, sold or
promoted by Value Line and Value Line makes no representation regarding the
advisability of investing in products utilizing such strategy.
First
Trust Value Line®
Dividend Index Fund (FVD)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
This
report describes changes to the Fund that occurred during or after the reporting
period.
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Growth StrengthTM ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 12.83% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 27.2% and
contributed 6.9% to overall Fund return, the greatest contribution of any
sector. Investments in the Consumer Discretionary sector contributed
–1.2% to overall Fund return, the most negative contribution of any sector, and held an average weight of 12.0%.
–1.2% to overall Fund return, the most negative contribution of any sector, and held an average weight of 12.0%.
FUND
PERFORMANCE (October 25, 2022 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/FTGS
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Eli Lilly & Co. | |
| Apollo Global Management, Inc. | |
| SLB Ltd. | |
| Incyte Corp. | |
| United Therapeutics Corp. | |
| AppLovin Corp., Class A | |
| Newmont Corp. | |
| Monster Beverage Corp. | |
| Caterpillar, Inc. | |
| Moody’s Corp. |
Sector
Allocation
HOW
HAS THE FUND MATERIALLY CHANGED?
This
is a summary of certain changes to the Fund since January 1, 2025. For more
complete information, you may review the Fund’s prospectus and any applicable
supplements at www.ftportfolios.com/fund-documents/etf/FTGS
or upon request at 1-800-621-1675 or [email protected] .
During
the fiscal year ended December
31, 2025 , the Fund’s diversification status under the Investment Company Act of 1940 changed from non-diversified to diversified. The Fund’s principal
investment strategies and principal risks were revised
accordingly.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FTGS
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq® and
The Growth StrengthTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust Growth StrengthTM ETF
(FTGS)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Indxx Aerospace & Defense ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 41.24% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Aerospace & Defense sub-industry received the
greatest allocation of any sub-industry in the Fund, with an average weight of
86.6% and contributed 36.8% to overall Fund return, the greatest contribution of
any sub-industry. No sub-industry represented a negative contribution to Fund
return.
FUND
PERFORMANCE (October 25, 2022 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/MISL
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| RTX Corp. | |
| Boeing (The) Co. | |
| General Electric Co. | |
| General Dynamics Corp. | |
| Lockheed Martin Corp. | |
| Howmet Aerospace, Inc. | |
| Rocket Lab Corp. | |
| HEICO Corp. | |
| TransDigm Group, Inc. | |
| L3Harris Technologies, Inc. |
Sector
Allocation
Any
amount shown as 0.0% represents less than
0.1%.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/MISL
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Indxx
and Indxx US Aerospace & Defense Index (“Index”) are trademarks of Indxx,
Inc. (“Indxx”) and have been licensed for use for certain purposes by First
Trust Advisors L.P. (“First Trust”). The Fund is not sponsored, endorsed, sold
or promoted by Indxx, and Indxx makes no representation regarding the
advisability of trading in such product. The Index is determined, composed and
calculated by Indxx without regard to First Trust or the Fund.
First
Trust Indxx Aerospace & Defense ETF (MISL)
Inflation Sensitive Equity ETF
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Bloomberg Inflation Sensitive Equity ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 7.73% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, investments in the Industrials sector received the greatest
allocation of any sector, with an average weight of 35.1% and contributed 2.7%
to overall Fund return. With an average weight of 18.2%, investments in the
Materials sector contributed 5.7% to overall Fund return, the greatest
contribution of any sector. Investments in the Energy sector contributed –0.9%
to overall Fund return, the most negative contribution of any sector, and held
an average weight of 28.0%.
FUND
PERFORMANCE (March 13, 2023 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/FTIF
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Alcoa Corp. | |
| Weatherford International PLC | |
| Caterpillar, Inc. | |
| Commercial Metals Co. | |
| CRH PLC | |
| Vertiv Holdings Co., Class A | |
| Parker-Hannifin Corp. | |
| Keysight Technologies, Inc. | |
| GE Vernova, Inc. | |
| Valero Energy Corp. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FTIF
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
“Bloomberg®” and
Bloomberg Inflation Sensitive Equity Index licensed herein (the “Indices” and
each such index, an “Index”) are trademarks or service marks of Bloomberg
Finance L.P. and its affiliates, including Bloomberg Index Services Limited, the
administrator of the Indices (collectively, “Bloomberg”) and/or one or more
third-party providers (each such provider, a “Third-Party Provider”) and have
been licensed for use for certain purposes to First Trust Advisors L.P. (the
“Licensee”). Bloomberg is not affiliated with the Licensee or a Third-Party
Provider, and Bloomberg does not approve, endorse, review, or recommend the
financial products referenced herein (the “Financial Products”). Bloomberg does
not guarantee the timeliness, accurateness, or completeness of any data or
information relating to the Indices or the Financial Products.
First
Trust Bloomberg Inflation Sensitive Equity ETF (FTIF)
Select Equal Weight ETF
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
This
report describes changes to the Fund that occurred during or after the reporting
period.
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Nasdaq-100 Select Equal Weight ETF | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 14.33% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the Nasdaq-100 Index®,
which returned 21.02% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 41.0% and
contributed 9.2% to overall Fund return, the greatest contribution of any
sector. Investments in the Industrials sector contributed -0.8% to overall Fund
return, the most negative contribution of any sector, and held an average weight
of 11.1%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
|
(1) |
|
|
(2) |
|
Visit
www.ftportfolios.com/etf/QQEW
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| PDD Holdings, Inc., ADR | |
| T-Mobile US, Inc. | |
| CoStar Group, Inc. | |
| NVIDIA Corp. | |
| Verisk Analytics, Inc. | |
| Broadcom, Inc. | |
| ASML Holding N.V. | |
| MercadoLibre, Inc. | |
| Atlassian Corp., Class A | |
| AstraZeneca PLC, ADR |
Sector
Allocation
Any
amount shown as 0.0% represents less than
0.1%.
Repurchase
agreements are held as collateral for securities lending
arrangements.
HOW
HAS THE FUND MATERIALLY CHANGED?
This
is a summary of certain changes to the Fund since January 1, 2025. For more
complete information, you may review the Fund’s prospectus and any applicable
supplements at www.ftportfolios.com/fund-documents/etf/QQEW
or upon request at 1-800-621-1675 or [email protected] .
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/QQEW
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Nasdaq-100®,
Nasdaq-100 Index®, and
Nasdaq-100 Select Equal WeightTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust Nasdaq-100 Select Equal Weight ETF (QQEW)
Sector Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust NASDAQ-100-Technology Sector Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 22.44% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Information Technology Index, which returned 24.04% for the same
Period.
During
the Period, investments in the Semiconductors & Semiconductor Equipment
industry received the greatest allocation of any industry, with an average
weight of 41.4% and contributed 15.7% to overall Fund return, the greatest of
any industry. Investments in the
Professional Services industry contributed -1.0% to overall Fund return, the
most negative of any industry, and held an average weight of
0.9%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/QTEC
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Micron Technology, Inc. | |
| PDD Holdings, Inc., ADR | |
| NVIDIA Corp. | |
| Broadcom, Inc. | |
| ASML Holding N.V. | |
| Synopsys, Inc. | |
| Marvell Technology, Inc. | |
| Atlassian Corp., Class A | |
| Advanced Micro Devices, Inc. | |
| Applied Materials, Inc. |
Sector
Allocation
Any
amount shown as 0.0% represents less than
0.1%.
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/QTEC
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Nasdaq-100®,
Nasdaq-100 Index®, and
Nasdaq-100 Technology SectorTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust NASDAQ-100-Technology Sector Index Fund (QTEC)
Sector Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust NASDAQ-100 Ex-Technology Sector Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 7.91% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the Russell 1000®
Index, which returned 17.37% for the same
Period.
During
the Period, investments in the Industrials sector received the greatest
allocation of any sector, with an average weight of 19.4% and contributed -0.9%
to overall Fund return, the most negative contribution of any sector. With an
average weight of 18.2%, investments in the Health Care sector contributed 3.9%
to overall Fund return, the greatest contribution of any
sector.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/QQXT
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| CoStar Group, Inc. | |
| Take-Two Interactive Software, Inc. | |
| T-Mobile US, Inc. | |
| Warner Bros. Discovery, Inc. | |
| Verisk Analytics, Inc. | |
| Baker Hughes Co. | |
| Costco Wholesale Corp. | |
| Linde PLC | |
| Amazon.com, Inc. | |
| Xcel Energy, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/QQXT
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Nasdaq-100®,
Nasdaq-100 Index®, and
Nasdaq-100 Ex-Tech SectorTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)
Green Energy Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust NASDAQ® Clean Edge® Green Energy Index Fund | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 31.66% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the Russell 2000®
Index, which returned 12.81% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 33.5% and
contributed 2.2% to overall Fund return. With an average weight of 24.7%,
investments in the Industrials sector contributed 19.3% to overall Fund return,
the greatest of any sector. No
sector represented a negative contribution to overall Fund
return.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
| - |
|||
| - |
|||
Visit
www.ftportfolios.com/etf/QCLN
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Rivian Automotive, Inc., Class A | |
| ON Semiconductor Corp. | |
| Tesla, Inc. | |
| First Solar, Inc. | |
| Bloom Energy Corp., Class A | |
| Albemarle Corp. | |
| Acuity, Inc. | |
| Nextpower, Inc., Class A | |
| Brookfield Renewable Partners, L.P. | |
| Advanced Energy Industries, Inc. |
Sector
Allocation
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/QCLN
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Clean Edge®, and
Nasdaq®
Clean Edge®
Green EnergyTM
Index are registered trademarks and service marks of Nasdaq, Inc. and Clean
Edge, Inc., respectively (together with its affiliates hereinafter referred to
as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The
Fund has not been passed on by the Corporations as to its legality or
suitability. The Fund is not issued, endorsed, sold or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE FUND.
First
Trust NASDAQ®
Clean Edge®
Green Energy Index Fund (QCLN)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust S&P REIT Index Fund | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 2.82% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the Russell 3000®
Index, which returned 17.15% for the same
Period.
During
the Period, investments in Health Care REITs received the greatest allocation of
any category, with an average weight of 17.1% and contributed 4.3% to overall
Fund return, the greatest contribution of any category. Investments in Data
Center REITs contributed -1.7% to overall Fund return, the most negative
contribution of any category, and held an average weight of
11.3%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FRI
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Welltower, Inc. | |
| Prologis, Inc. | |
| Equinix, Inc. | |
| Simon Property Group, Inc. | |
| Realty Income Corp. | |
| Digital Realty Trust, Inc. | |
| Public Storage | |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | |
| Ventas, Inc. | |
| VICI Properties, Inc. |
REIT
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FRI
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
S&P
United States REIT Index (“Index”) is a product of S&P Dow Jones Indices,
LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust
Advisors L.P. (“First Trust”). S&P® is a
registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted
by SPDJI, Dow Jones, S&P or their respective affiliates and none of such
parties make any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors, omissions, or
interruptions of the Index.
First
Trust S&P REIT Index Fund (FRI)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Water ETF | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 7.19% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the Russell 3000®
Index, which returned 17.15% for the same
Period.
During
the Period, investments in the Industrials sector received the greatest
allocation of any sector, with an average weight of 56.3% and contributed 4.5%
to overall Fund return, the greatest contribution of any sector. Investments in
the Consumer Staples sector contributed -1.6% to overall Fund return, the most
negative contribution of any sector, and held an average weight of
2.8%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/FIW
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Waters Corp. | |
| Agilent Technologies, Inc. | |
| IDEXX Laboratories, Inc. | |
| Pentair PLC | |
| Ferguson Enterprises, Inc. | |
| Xylem, Inc. | |
| Ecolab, Inc. | |
| IDEX Corp. | |
| Veralto Corp. | |
| American Water Works Co., Inc. |
Sector
Allocation
Any
amount shown as 0.0% represents less than
0.1%.
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FIW
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Clean Edge®, and
ISE Clean Edge WaterTM
Index are registered trademarks and service marks of Nasdaq, Inc. and Clean
Edge, Inc., respectively (together with its affiliates hereinafter referred to
as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The
Fund has not been passed on by the Corporations as to its legality or
suitability. The Fund is not issued, endorsed, sold or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE FUND.
First
Trust Water ETF (FIW)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Natural Gas ETF | $ |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned -2.16% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P Composite 1500®
Energy Index, which returned 7.69% for the same
Period.
During
the Period, investments in the Oil & Gas Exploration & Production
sub-industry received the greatest allocation of any sub-industry, with an
average weight of 83.9% and contributed -2.2% to overall Fund return, the most
negative of any sub-industry. Investments in the Gas Utilities
sub-industry contributed 0.7% to overall Fund return, the greatest contribution of any sub-industry, and held an average weight of 2.5%.
sub-industry contributed 0.7% to overall Fund return, the greatest contribution of any sub-industry, and held an average weight of 2.5%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
| - |
|||
| - |
|||
Visit
www.ftportfolios.com/etf/FCG
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| ConocoPhillips | |
| Hess Midstream, L.P., Class A | |
| Western Midstream Partners, L.P. | |
| Occidental Petroleum Corp. | |
| EOG Resources, Inc. | |
| Diamondback Energy, Inc. | |
| Devon Energy Corp. | |
| EQT Corp. | |
| Coterra Energy, Inc. | |
| Expand Energy Corp. |
Sub-Industry
Allocation
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FCG
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq® and
ISE-Revere Natural GasTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust Natural Gas ETF (FCG)
ABA Community Bank Index Fund
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust NASDAQ® ABA Community Bank Index Fund | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 4.52% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P Composite 1500®
Financials Index, which returned 14.34% for the same
Period.
During
the Period, 98.4% of the Fund was allocated to the Regional Banks sub-industry,
with the bulk of the remainder of the average allocations being in other
financial-related sub-industries. Regional banks contributed 5.1% towards Fund
return, the greatest of any
sub-industry. No sub-industry represented a negative contribution to overall Fund return.
sub-industry. No sub-industry represented a negative contribution to overall Fund return.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
Visit
www.ftportfolios.com/etf/QABA
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Wintrust Financial Corp. | |
| Commerce Bancshares, Inc. | |
| United Bankshares, Inc. | |
| Hancock Whitney Corp. | |
| Bank OZK | |
| Eastern Bankshares, Inc. | |
| First Financial Bankshares, Inc. | |
| Texas Capital Bancshares, Inc. | |
| International Bancshares Corp. | |
| TFS Financial Corp. |
Industry
Allocation
Repurchase
agreements are held as collateral for securities lending
arrangements.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/QABA
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq®,
Nasdaq OMX®,
OMX®,
American Bankers Association®,
ABA® and
Nasdaq OMX® ABA
Community BankTM
Index are registered trademarks and service marks of Nasdaq, Inc. and American Bankers Associations,
respectively (together with its affiliates hereinafter referred to as the
“Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund
has not been passed on by the Corporations as to its legality or suitability.
The Fund is not issued, endorsed, sold or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE
FUND.
First
Trust NASDAQ® ABA
Community Bank Index Fund (QABA)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Dividend StrengthTM ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 13.35% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the Dow Jones U.S. Select Dividend Index, which
returned 12.12% for the same
Period.
During
the Period, investments in the Financials sector received the greatest
allocation of any sector, with an average weight of 30.2% and contributed 5.4%
to the overall Fund return, the
greatest contribution of any sector. Investments in the Consumer Staples sector
contributed -1.4% to the overall Fund return, the most negative contribution of
any sector, and held an average weight of 3.7%.
FUND
PERFORMANCE (December 31, 2015 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | 10 Year |
|
(1) |
|
|
(2) |
|
Visit
www.ftportfolios.com/etf/FTDS
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Halliburton Co. | |
| Cognizant Technology Solutions Corp., Class A | |
| Merck & Co., Inc. | |
| Cummins, Inc. | |
| Huntington Ingalls Industries, Inc. | |
| SLB Ltd. | |
| East West Bancorp, Inc. | |
| Western Alliance Bancorp | |
| Coterra Energy, Inc. | |
| Devon Energy Corp. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FTDS
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Nasdaq® and
The Dividend StrengthTM
Index are registered trademarks and service marks of Nasdaq, Inc. (together with
its affiliates hereinafter referred to as the “Corporations”) and are licensed
for use by First Trust Advisors L.P. The Fund has not been passed on by the
Corporations as to its legality or suitability. The Fund is not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First
Trust Dividend StrengthTM ETF
(FTDS)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Dow 30 Equal Weight ETF | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 15.47% during the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the Dow Jones Industrial Average®,
which returned 14.92% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 20.2% and
contributed 4.1% to the overall
Fund return. With an average weight of 17.1%, investments in the Financials
sector contributed 5.1% to the overall Fund return, the greatest contribution of
any sector. Investments in the Materials and Consumer Discretionary sectors each
contributed -0.1% to the overall
Fund return, the most negative contributions of any sectors, and held average
weights of 3.2% and 12.9%, respectively.
FUND
PERFORMANCE (August 8, 2017 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/EDOW
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Boeing (The) Co. | |
| Merck & Co., Inc. | |
| Visa, Inc., Class A | |
| Walt Disney (The) Co. | |
| Travelers (The) Cos., Inc. | |
| JPMorgan Chase & Co. | |
| Amgen, Inc. | |
| Procter & Gamble (The) Co. | |
| Verizon Communications, Inc. | |
| Honeywell International, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/EDOW
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Dow
Jones Industrial Average®
Equal Weight Index (“Index”) is a product of S&P Dow Jones Indices, LLC or
its affiliates (“SPDJI”) and has been licensed for use by First Trust Advisors
L.P. (“First Trust”). S&P® is a
registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted
by SPDJI, Dow Jones, S&P or their respective affiliates and none of such
parties make any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors, omissions, or
interruptions of the Index.
First
Trust Dow 30 Equal Weight ETF (EDOW)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust Lunt U.S. Factor Rotation ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 8.47% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the Nasdaq US 500 Large CapTM
Index, which returned 17.32% for the same
Period.
During
the Period, investments in the Information Technology sector received the
greatest allocation of any sector, with an average weight of 31.8% and
contributed 4.5% to the overall Fund return, the greatest contribution of any
sector. Investments in the Utilities and Energy sectors each contributed -0.4% to the overall Fund return, the
most negative contributions of any sectors, and held average weights of 3.3% and
3.7%, respectively.
FUND
PERFORMANCE (July 25, 2018 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/FCTR
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Warner Bros. Discovery, Inc. | |
| Rocket Lab Corp. | |
| Intel Corp. | |
| Western Digital Corp. | |
| Robinhood Markets, Inc., Class A | |
| Seagate Technology Holdings PLC | |
| Micron Technology, Inc. | |
| Dollar Tree, Inc. | |
| General Motors Co. | |
| Marvell Technology, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FCTR
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
Lunt
Capital Management, Inc. (“Lunt”) and Lunt Capital Large Cap Factor Rotation
Index (“Lunt Index”) are trademarks of Lunt and have been licensed for use for
certain purposes by First Trust Advisors L.P. The First Trust Lunt U.S. Factor
Rotation ETF is based on the Lunt Index and is not sponsored, endorsed, sold or
promoted by Lunt, and Lunt makes no representation regarding the advisability of
trading in such fund. Lunt has contracted with Nasdaq, Inc. to calculate and
maintain the Lunt Index. The Fund is not sponsored, endorsed, sold or promoted
by Nasdaq, Inc. or its affiliates (Nasdaq, with its affiliates, hereinafter
referred to as the “Corporations”). The Corporations have not passed on the
legality or suitability of, or the accuracy or adequacy of descriptions and
disclosures relating to, the Fund. The Corporations make no representation or
warranty, express or implied to the owners of the Fund or any member of the
public regarding the advisability of investing in securities generally or in the
Fund particularly, or the ability of the Lunt Index to track general stock
performance.
First
Trust Lunt U.S. Factor Rotation ETF (FCTR)
Diversified Free Cash Flow ETF
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust S&P 500 Diversified Free Cash Flow ETF | $ |
|
(1) |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 16.62% during the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same
Period.
During
the Period, the Information Technology sector received the greatest allocation
of any sector in the Fund with an average weight of 31.1% and contributed 3.2%
to the overall Fund return. With an average weight of 14.3%, the Financials
sector contributed 4.0% to the Fund’s return, the greatest return contribution
of any sector. Investments in the Real Estate sector contributed -0.2% to the
overall Fund return, the most negative contribution of any sector, and held an
average weight of 2.1%.
FUND
PERFORMANCE (August 23, 2023 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/FCFY
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Skyworks Solutions, Inc. | |
| Cognizant Technology Solutions Corp., Class A | |
| Fox Corp., Class A | |
| Gartner, Inc. | |
| EPAM Systems, Inc. | |
| Accenture PLC, Class A | |
| HP, Inc. | |
| ON Semiconductor Corp. | |
| QUALCOMM, Inc. | |
| Adobe, Inc. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/FCFY
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
S&P
500®
Sector-Neutral FCF Index (“Index”) is a product of S&P Dow Jones Indices,
LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust
Advisors L.P. (“First Trust”). S&P® is a
registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and sublicensed for certain
purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted
by SPDJI, Dow Jones, S&P or their respective affiliates and none of such
parties make any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors, omissions, or
interruptions of the Index.
First
Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
This
report describes changes to the Fund that occurred during or after the reporting
period.
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Gold Strategy Quarterly Buffer ETF | $ |
|
(1) |
Excludes
any Acquired Fund Fees and Expenses of underlying investment companies in
which the Fund
invests. |
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 34.46% for the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the S&P 500®
Index, which returned 17.88% for the same Period. This outperformance was due to
the following:
| Fund Net Asset Value Performance Attributed to: | ||
| Equities/Synthetic equities on GLD | 17.88 | % |
| GLD Options (Buffer and Cap) | 17.48 | % |
| Fees and Expenses | -0.90 | % |
The
Fund seeks to provide returns (before fees and expenses) that match the price
return of the SPDR® Gold
Trust (the “GLD”), up to a predetermined upside cap while providing a buffer
against GLD losses between -5% and -15% over each of the quarterly target
outcome periods. During the Period, the Fund held U.S. Treasuries, money market
funds, and various options on GLD.
This combination provided the buffer, and also set a cap, or limit, on upside
performance. The Fund’s options strategy sets a quarterly cap on Fund
performance, and thus limits the Fund’s performance for each quarterly roll
period (ending February 28, May 31, August 31, and November 30). Due to these
caps, the Fund underperformed GLD.
FUND
PERFORMANCE (January 20, 2021 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/BGLD
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| U.S. Treasury Bills | |
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | ( |
| Total |
Any
amount shown as 0.0% represents less than
0.1%.
HOW
HAS THE FUND MATERIALLY CHANGED?
This
is a summary of certain changes to the Fund since January 1, 2025. For more
complete information, you may review the Fund’s prospectus and any applicable
supplements at www.ftportfolios.com/fund-documents/etf/BGLD
or upon request at 1-800-621-1675 or [email protected] .
During
the fiscal year ended December 31, 2025, the Fund’s predetermined upside cap on
Underlying ETF returns was reset based upon prevailing market conditions at the
start of each new Target Outcome Period.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/BGLD
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
The
Fund is not sponsored, endorsed, sold or promoted by SPDR® Gold
Trust and World Gold Trust Services, LLC, (together with their affiliates
hereinafter referred to as the
“Corporations”). The Corporations have not passed on the legality or suitability
of, or the accuracy or adequacy of, descriptions and disclosures relating to the
Fund or the FLEX Options. The Corporations make no representations or
warranties, express or implied, regarding the advisability of investing in the
Fund or the FLEX Options or results to be obtained by the Fund or the FLEX
Options, shareholders or any other person or entity from use of the Underlying
ETF. The Corporations have no liability in connection with the management,
administration, marketing or trading of the Fund or the FLEX
Options.
FT
Vest Gold Strategy Quarterly Buffer ETF (BGLD)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Gold Strategy Target Income ETF® | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 47.39% for the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the S&P 500®
Index, which returned 17.88% for
the same Period.
This
outperformance was due to the following:
| Fund Net Asset Value Performance Attributed to: | ||
| Equities/Synthetic equities on GLD | 17.88 | % |
| GLD Options (Short Calls) | 30.36 | % |
| Fees and Expenses | -0.85 | % |
The
Fund held securities with the economic equivalent to a long position (“Synthetic
Long”) in SPDR® Gold
Shares (“GLD”). In addition, the Fund sold (wrote) a varying amount of one-month
at-the-money covered call options on GLD each month. The net effect of the
Synthetic Long position in GLD and the sold options allows the Fund to
participate in GLD rallies at a rate less than 100%. Due to the strong positive
performance of GLD during 2025, the Fund was negatively impacted by this options
strategy, which is generally expected to benefit the Fund’s portfolio most
during gold market downturns.
FUND
PERFORMANCE (March 2, 2021 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/IGLD
for more recent performance information.
The
final determination of the source and tax status of all calendar year 2025
distributions, including any return of capital, will be made after the end of
2025 and will be provided on Form 1099-DIV.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| U.S. Treasury Bills | |
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | ( |
| Total |
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/IGLD
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
OTHER
INFORMATION
The
Fund is not sponsored, endorsed, sold or promoted by SPDR® Gold
Trust and World Gold Trust Services, LLC, (together with their affiliates
hereinafter referred to as the
“Corporations”). The Corporations have not passed on the legality or suitability
of, or the accuracy or adequacy of, descriptions and disclosures relating to the
Fund or the FLEX Options. The Corporations make no representations or
warranties, express or implied, regarding the advisability of investing in the
Fund or the FLEX Options or results to be obtained by the Fund or the FLEX
Options, shareholders or any other person or entity from use of the Underlying
ETF. The Corporations have no liability in connection with the management,
administration, marketing or trading of the Fund or the FLEX
Options.
FT
Vest Gold Strategy Target Income ETF®
(IGLD)
World Equity ETF
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust WCM Developing World Equity ETF | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The
Fund returned 35.20% for the 12 months ended December 31, 2025. The Fund
outperformed its benchmark, the MSCI Emerging Markets Index, which returned
33.57% for the same Period.
This
outperformance can be attributed to the following factors:
-
Positive selection effect in the information technology sector. During the Period, the Fund’s information technology holdings delivered a total return of approximately 85%, materially higher than the 55% total return for the benchmark’s information technology constituents. The Fund’s strong performance in information technology was the result of several holdings across South Korea, Brazil, Taiwan, and North America.
-
Positive selection effect in the health care sector. The Fund’s total health care return was approximately 36% for the Period, driven mainly by Malaysia and Israel. This performance was materially higher than the approximately 12% return in health care stocks for the benchmark.
-
Positive selection effect in the communication services sector. This resulted from the Fund’s exposure to a Mexican cable operator which performed strongly during the Period.
-
Positive allocation effect in the energy, utilities, and real estate sectors. The three were laggards during the Period and the Fund was underweight all three sectors relative to the benchmark.
The above-mentioned contributors were partly offset by the following detractors:
-
Negative allocation effect and negative selection effect in the materials sector. This was the result of being underweight African, Mexican, and South American metals and mining companies during the Period.
-
Negative selection effect in the consumer discretionary sector. An overweight to emerging market e-commerce companies, as well as other holdings in the Chinese consumer discretionary sector detracted from relative performance during the Period.
-
Negative selection effect in the financials sector. The Fund’s financials holdings in Indonesia, India, and Singapore underperformed the benchmark’s financials sector performance, which was largely driven by strong returns in Latin America, South Korea, and China.
-
Negative allocation effect in the health care sector. This resulted from an overweight position relative to the benchmark. Emerging market health care was a relatively weak performing sector overall during the Period.
-
Negative allocation effect in the information technology sector. This resulted from an underweight position relative to the benchmark. Emerging market information technology was a strong performing sector during the Period.
FUND
PERFORMANCE (March 31, 2020 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/WCME
for more recent performance information.
Effective
October 7, 2024, the WCM Developing World Equity Fund (the “Predecessor Mutual
Fund”) was reorganized into the Fund. Information presented prior to October 7,
2024 is the performance of the Institutional Class Shares of the Predecessor
Mutual Fund.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Taiwan Semiconductor Manufacturing Co., Ltd. | |
| SK hynix, Inc. | |
| Tencent Holdings Ltd. | |
| Teva Pharmaceutical Industries Ltd., ADR | |
| AIA Group Ltd. | |
| B3 S.A. - Brasil Bolsa Balcao | |
| Credicorp Ltd. | |
| ICICI Bank Ltd., ADR | |
| Bid Corp., Ltd. | |
| Hong Kong Exchanges & Clearing Ltd. |
Sector
Allocation
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/WCME
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
First
Trust WCM Developing World Equity ETF (WCME)
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
This
report describes changes to the Fund that occurred during or after the reporting
period.
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| First Trust WCM International Equity ETF | $ |
|
(1) |
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The
Fund returned 30.51% for the 12 months ended December 31, 2025. The Fund
underperformed its benchmark, the MSCI ACWI ex-USA Index, which returned 32.39%
for the same Period.
This
underperformance can be attributed to the following factors:
-
Negative selection effect in the financials sector. This was due to the Fund’s low average weighting in Western European, Canadian, and Japanese banks, all of which contributed meaningfully to the benchmark’s performance. The Fund’s financials sector exposure included two Indian banks, a Singaporean bank, and several diversified financials and insurance companies. In aggregate for the Period, the Fund’s total return in the financials sector was approximately 13%, underperforming the benchmark’s financials sector exposure which was up 45%.
-
Negative selection effect in the consumer discretionary sector. The Fund’s consumer discretionary performance was roughly flat for the Period, underperforming the benchmark’s approximately 17% total return from the sector.
-
Negative allocation effect and negative selection effect in the health care sector. The health care sector was a relative laggard during the Period, and the Fund’s average exposure to health care was materially higher than that of the benchmark. In aggregate for the Period, the Fund’s health care stocks also underperformed the benchmark’s health care sector return. This was attributable to a lack of exposure to Chinese pharmaceuticals, as well as relatively weak performance across four of the Fund’s Western European health care holdings.
-
Negative allocation effect and negative selection effect in the materials sector. This resulted from the Fund’s low exposure to North American and Asian metals & mining stocks relative to the benchmark during the Period.
The above-mentioned detractors were mostly offset by the following contributors:
-
Positive selection effect in the industrials sector. The Fund’s total return in the industrials sector was significantly higher than that of the benchmark, driven by strong performance in the Fund’s capital goods/aerospace & defense holdings.
-
Positive selection effect in the information technology sector. The Fund’s information technology total return was significantly higher than that of the benchmark during the Period, driven by strong performance from the Fund’s software and technology hardware/equipment holdings.
-
Positive selection effect in the communication services sector. The Fund’s North American and Western European communication services exposure contributed positively to both absolute and relative performance during the Period.
FUND
PERFORMANCE (March 31, 2020 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | 1 Year | 5 Year | Since Inception ( |
Visit
www.ftportfolios.com/etf/WCMI
for more recent performance information.
Effective
October 7, 2024, the WCM International Equity Fund (the “Predecessor Mutual
Fund”) was reorganized into the Fund. Information presented prior to October 7,
2024 is the performance of the Institutional Class Shares of the Predecessor
Mutual Fund.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
tables below show the investment makeup of the Fund, representing the percentage
of total investments of the Fund.
Top
Ten Holdings
| Rolls-Royce Holdings PLC | |
| Taiwan Semiconductor Manufacturing Co., Ltd. | |
| Babcock International Group PLC | |
| Prosus N.V. | |
| Teva Pharmaceutical Industries Ltd., ADR | |
| Siemens Energy AG | |
| Societe Generale S.A. | |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP, ADR | |
| Brookfield Corp. | |
| Sony Group Corp., ADR |
Sector
Allocation
HOW
HAS THE FUND MATERIALLY CHANGED?
This
is a summary of certain changes to the Fund since January 1, 2025. For more
complete information, you may review the Fund’s prospectus and any applicable
supplements at www.ftportfolios.com/fund-documents/etf/WCMI
or upon request at 1-800-621-1675 or [email protected] .
During
the fiscal year ended December 31, 2025, the Fund added the ability to utilize a
value style of investing. The Fund’s principal
investment strategies and principal risks were revised
accordingly.
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/WCMI
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
First
Trust WCM International Equity ETF (WCMI)
Floor15 ETF - April
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Bitcoin Strategy Floor15 ETF - April | $ |
|
(1) |
The
Fund commenced investment operations on April 3, 2025. Had the Fund been
in operation for a complete fiscal year, the cost of a $10,000 investment
would have been higher. |
|
(2) |
Annualized.
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned 7.05% for the period from the Fund’s inception on April 3, 2025
through December 31, 2025. The Fund outperformed its benchmark, the Bloomberg Bitcoin Index,
which returned 6.62% for the same
Period.
This
outperformance was due to the following:
| Fund Net Asset Value Performance Attributed to*: | ||
| Changes in Reference Asset | 2.02 | % |
| Changes in other Variables | 5.70 | % |
| Expenses (pro-rated annual expense ratio) | -0.67 | % |
The
Fund holds a combination of FLexible EXchange®
Options (“FLEX Options”) designed to target the Fund’s
objective.
*
The Fund’s performance is impacted by changes in the values of the FLEX Options
to which it is exposed. We attribute (allocate) the impact on the Fund’s
performance into three components. The first of the three components is the
impact on the Fund’s performance due to changes in the Fund’s Reference Asset.
The second component is the aggregate impact on the Fund’s performance due to
changes in other variables that impact FLEX Options prices - these include
changes in a) the Reference Asset’s dividends, b) interest rates, c) implied
volatility, and d) time to option expiration. The third component is from the
Fund’s fees and expenses incurred during the Period.
FUND
PERFORMANCE (April 3, 2025 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | Since Inception ( |
Visit
www.ftportfolios.com/etf/BFAP
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | ( |
| Total |
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/BFAP
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
FT
Vest Bitcoin Strategy Floor15 ETF - April (BFAP)
Floor15 ETF - July
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Bitcoin Strategy Floor15 ETF - July | $ |
|
(1) |
The
Fund commenced investment operations on June 30, 2025. Had the Fund
been in operation for a complete fiscal year, the cost of a $10,000
investment would have been higher. |
|
(2) |
Annualized.
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned -7.67% for the period from the Fund’s inception on June 30, 2025
through December 31, 2025. The Fund outperformed its benchmark, the Bloomberg Bitcoin Index,
which returned -18.77% for the same
Period.
This
outperformance was due to the
following:
| Fund Net Asset Value Performance Attributed to*: | ||
| Changes in Reference Asset | -6.86 | % |
| Changes in other Variables | -0.36 | % |
| Expenses (pro-rated annual expense ratio) | -0.45 | % |
The
Fund holds a combination of FLexible EXchange®
Options (“FLEX Options”) designed
to target the Fund’s objective.
*
The Fund’s performance is impacted by changes in the values of the FLEX
Options to which it is exposed. We attribute (allocate) the impact on the
Fund’s performance into three components. The first of the three components is
the impact on the Fund’s performance due to changes in the Fund’s Reference
Asset. The second component is the aggregate impact on the Fund’s performance
due to changes in other variables that impact FLEX Options prices - these
include changes in a) the Reference Asset’s dividends, b) interest rates, c)
implied volatility, and d) time to option expiration. The third component is
from the Fund’s fees and expenses incurred during the Period.
FUND
PERFORMANCE (June 30, 2025 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | Since Inception ( |
| - | |
| - | |
Visit
www.ftportfolios.com/etf/BFJL
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | ( |
| Total |
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/BFJL
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
FT
Vest Bitcoin Strategy Floor15 ETF - July (BFJL)
Floor15 ETF - October
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Bitcoin Strategy Floor15 ETF - October | $ |
|
(1) |
The
Fund commenced investment operations on September 30, 2025. Had the Fund
been in operation for a complete fiscal year, the cost of a $10,000
investment would have been higher. |
|
(2) |
Annualized.
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned -8.94% for the period from the Fund’s inception on September 30,
2025 through December 31, 2025. The Fund outperformed its benchmark, the Bloomberg Bitcoin Index,
which returned -23.56% for the same
Period.
This
outperformance was due to the following:
| Fund Net Asset Value Performance Attributed to*: | ||
| Changes in Reference Asset | -7.31 | % |
| Changes in other Variables | -1.40 | % |
| Expenses (pro-rated annual expense ratio) | -0.23 | % |
The
Fund holds a combination of FLexible EXchange®
Options (“FLEX Options”) designed to target the Fund’s
objective.
*
The Fund’s performance is impacted by changes in the values of the FLEX Options
to which it is exposed. We attribute (allocate) the impact on the Fund’s
performance into three components. The first of the three components is the
impact on the Fund’s performance due to changes in the Fund’s Reference Asset.
The second component is the aggregate impact on the Fund’s performance due to
changes in other variables that impact FLEX Options prices - these include
changes in a) the Reference Asset’s dividends, b) interest rates, c) implied
volatility, and d) time to option expiration. The third component is from the
Fund’s fees and expenses incurred during the Period.
FUND
PERFORMANCE (September 30, 2025 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | Since Inception ( |
| - | |
| - | |
Visit
www.ftportfolios.com/etf/BFOC
for more recent performance information.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | ( |
| Total |
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/BFOC
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
FT
Vest Bitcoin Strategy Floor15 ETF - October (BFOC)
& Target Income ETF
ANNUAL
SHAREHOLDER REPORT | December 31, 2025
WHAT
WERE THE FUND COSTS FOR THE LAST YEAR?
(Based
on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs
paid as a percentage of a $10,000 investment |
| FT Vest Bitcoin Strategy & Target Income ETF | $ |
|
(1) |
The
Fund commenced investment operations on April 2, 2025. Had the Fund been
in operation for a complete fiscal year, the cost of a $10,000 investment
would have been higher. |
|
(2) |
Annualized.
|
HOW
DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S
PERFORMANCE?
The
Fund returned -0.63% for the period from the Fund’s inception on April 2, 2025
through December 31, 2025. The Fund underperformed its benchmark, the Bloomberg Bitcoin Index,
which returned 0.82% for the same
Period.
This
underperformance was due to the
following:
| Fund Net Asset Value Performance Attributed to*: | ||
| Changes in Reference Asset | 0.30 | % |
| Changes in other Variables | -0.29 | % |
| Expenses (pro-rated annual expense ratio) | -0.64 | % |
The
Fund holds a combination of FLexible EXchange®
Options (“FLEX Options”) designed to target the Fund’s
objective.
*
The Fund’s performance is impacted by changes in the values of the FLEX Options
to which it is exposed. We attribute (allocate) the impact on the Fund’s
performance into three components. The first of the three components is the
impact on the Fund’s performance due to changes in the Fund’s Reference Asset.
The second component is the aggregate impact on the Fund’s performance due to
changes in other variables that impact FLEX Options prices - these include
changes in a) the Reference Asset’s dividends, b) interest rates, c) implied
volatility, and d) time to option expiration. The third component is from the
Fund’s fees and expenses incurred during the Period.
FUND
PERFORMANCE (April 2, 2025 to December 31,
2025)
The
performance line graph below shows the performance of a hypothetical $10,000
initial investment in the Fund over a ten-year period (or for the life of the
Fund, if shorter). The subsequent account value as of the end of the Period is
listed next to the name of the Fund or index, as applicable. The performance
table below shows the average annual total returns of the Fund for the past
one-, five-, and ten-year periods, as applicable (or for the life of the Fund,
if shorter), as of the end of the
Period. Both the line graph and performance table compare the Fund’s performance
to an appropriate broad-based index and may compare to additional indices
reflecting the market segment(s) in which the Fund invests over the same
periods.
Investment
Performance of $10,000
| Average Annual Total Returns (as of December 31, 2025) | Since Inception ( |
| - | |
Visit
www.ftportfolios.com/etf/DFII
for more recent performance information.
The
final determination of the source and tax status of all calendar year 2025
distributions, including any return of capital, will be made after the end of
2025 and will be provided on Form 1099-DIV.
KEY
FUND STATISTICS (As of December 31, 2025)
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fee paid | $ |
| Portfolio turnover rate |
WHAT
DID THE FUND INVEST IN? (As of December 31,
2025)
The
table below shows the investment makeup of the Fund, representing the percentage
of net assets of the Fund.
Fund
Allocation
| Money Market Funds | |
| Purchased Options | |
| Written Options | ( |
| Net Other Assets and Liabilities | |
| Total |
WHERE
CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit
www.ftportfolios.com/fund-documents/etf/DFII
to view additional information about the Fund such as the prospectus, financial
information, Fund holdings and proxy voting information. You may also request
this information by contacting us at 1-800-621-1675 or [email protected].
FT
Vest Bitcoin Strategy & Target Income ETF
(DFII)
