First Trust Long/Short Equity ETF (FTLS)Portfolio of InvestmentsJanuary 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS — 98.2% | |||||
Aerospace & Defense — 0.7% | |||||
5,523 | TransDigm Group, Inc. | $6,034,872 | |||
Automobiles — 0.8% | |||||
74,969 | Li Auto, Inc., ADR (a) | 2,075,142 | |||
29,053 | Thor Industries, Inc. | 3,283,570 | |||
23,205 | Winnebago Industries, Inc. | 1,525,033 | |||
6,883,745 | |||||
Banks — 3.1% | |||||
43,491 | Bank OZK | 1,961,879 | |||
168,885 | Citigroup, Inc. | 9,486,270 | |||
29,723 | Commerce Bancshares, Inc. | 1,549,163 | |||
43,636 | East West Bancorp, Inc. | 3,177,137 | |||
44,118 | JPMorgan Chase & Co. | 7,692,415 | |||
23,192 | Pinnacle Financial Partners, Inc. | 2,049,709 | |||
21,343 | Texas Capital Bancshares, Inc. (a) | 1,301,923 | |||
12,398 | UMB Financial Corp. | 1,022,835 | |||
28,241,331 | |||||
Beverages — 1.3% | |||||
6,097 | Boston Beer (The) Co., Inc., Class A (a) | 2,129,499 | |||
160,980 | Celsius Holdings, Inc. (a) | 8,032,902 | |||
1,842 | Coca-Cola Consolidated, Inc. | 1,586,681 | |||
11,749,082 | |||||
Biotechnology — 6.2% | |||||
91,182 | AbbVie, Inc. (b) | 14,990,321 | |||
120,587 | Alkermes PLC (a) | 3,261,878 | |||
36,444 | Alnylam Pharmaceuticals, Inc. (a) | 6,301,532 | |||
140,039 | Ironwood Pharmaceuticals, Inc. (a) | 1,987,154 | |||
38,003 | Neurocrine Biosciences, Inc. (a) | 5,311,679 | |||
57,350 | Vertex Pharmaceuticals, Inc. (a) (b) | 24,854,343 | |||
56,706,907 | |||||
Broadline Retail — 2.7% | |||||
142,515 | Amazon.com, Inc. (a) (b) | 22,118,328 | |||
41,321 | Etsy, Inc. (a) | 2,750,326 | |||
24,868,654 | |||||
Building Products — 4.2% | |||||
85,107 | AZEK (The) Co., Inc. (a) | 3,281,726 | |||
262,906 | Carrier Global Corp. (b) | 14,383,587 | |||
15,998 | Lennox International, Inc. | 6,849,704 | |||
86,244 | Masco Corp. | 5,803,359 | |||
10,038 | Simpson Manufacturing Co., Inc. | 1,816,777 | |||
36,125 | Trex Co., Inc. (a) | 2,943,465 | |||
14,594 | UFP Industries, Inc. | 1,655,689 | |||
58,575 | Zurn Elkay Water Solutions Corp. | 1,736,749 | |||
38,471,056 | |||||
Capital Markets — 0.8% | |||||
55,699 | Interactive Brokers Group, Inc., Class A | 4,943,286 | |||
105,789 | XP, Inc., Class A | 2,600,294 | |||
7,543,580 |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS (Continued) | |||||
Chemicals — 3.4% | |||||
101,434 | LyondellBasell Industries N.V., Class A | $9,546,968 | |||
72,996 | Sherwin-Williams (The) Co. (b) | 22,218,523 | |||
31,765,491 | |||||
Commercial Services & Supplies — 0.1% | |||||
19,505 | Brady Corp., Class A | 1,174,786 | |||
Communications Equipment — 1.9% | |||||
54,007 | Arista Networks, Inc. (a) | 13,970,531 | |||
62,893 | Cisco Systems, Inc. | 3,155,970 | |||
17,126,501 | |||||
Construction Materials — 0.6% | |||||
16,427 | Eagle Materials, Inc. | 3,717,101 | |||
28,379 | Knife River Corp. (a) | 1,858,541 | |||
5,575,642 | |||||
Consumer Finance — 0.9% | |||||
222,292 | Synchrony Financial | 8,640,490 | |||
Consumer Staples Distribution & Retail — 0.6% | |||||
57,356 | Grocery Outlet Holding Corp. (a) | 1,421,282 | |||
87,339 | Sprouts Farmers Market, Inc. (a) | 4,399,265 | |||
5,820,547 | |||||
Distributors — 0.6% | |||||
14,491 | Pool Corp. | 5,379,784 | |||
Diversified Consumer Services — 0.4% | |||||
41,897 | New Oriental Education & Technology Group, Inc., ADR (a) | 3,211,824 | |||
Diversified Telecommunication Services — 0.1% | |||||
31,173 | Iridium Communications, Inc. | 1,130,333 | |||
Electric Utilities — 0.2% | |||||
9,146 | Duke Energy Corp. | 876,461 | |||
6,925 | NRG Energy, Inc. | 367,302 | |||
13,562 | Xcel Energy, Inc. | 811,957 | |||
2,055,720 | |||||
Energy Equipment & Services — 0.1% | |||||
29,867 | Cactus, Inc., Class A | 1,267,555 | |||
Entertainment — 2.3% | |||||
41,115 | Roku, Inc. (a) | 3,620,587 | |||
82,080 | Spotify Technology S.A. (a) (b) | 17,675,928 | |||
21,296,515 | |||||
Financial Services — 1.2% | |||||
27,731 | Berkshire Hathaway, Inc., Class B (a) | 10,641,494 | |||
Food Products — 1.1% | |||||
120,779 | Archer-Daniels-Midland Co. | 6,712,897 | |||
29,714 | Post Holdings, Inc. (a) | 2,759,539 | |||
23,124 | TreeHouse Foods, Inc. (a) | 973,520 | |||
10,445,956 | |||||
Health Care Providers & Services — 3.7% | |||||
265,708 | CVS Health Corp. (b) | 19,760,704 | |||
113,388 | Hims & Hers Health, Inc. (a) | 972,869 |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS (Continued) | |||||
Health Care Providers & Services (Continued) | |||||
17,909 | Molina Healthcare, Inc. (a) | $6,383,484 | |||
14,520 | UnitedHealth Group, Inc. | 7,430,465 | |||
34,547,522 | |||||
Hotels, Restaurants & Leisure — 0.5% | |||||
43,656 | DoorDash, Inc., Class A (a) | 4,548,955 | |||
Household Durables — 3.2% | |||||
65,393 | KB Home | 3,896,769 | |||
1,245 | NVR, Inc. (a) | 8,808,736 | |||
115,292 | PulteGroup, Inc. | 12,054,931 | |||
50,020 | Toll Brothers, Inc. | 4,969,487 | |||
29,729,923 | |||||
Household Products — 0.8% | |||||
70,793 | Colgate-Palmolive Co. | 5,960,770 | |||
4,664 | WD-40 Co. | 1,207,883 | |||
7,168,653 | |||||
Industrial REITs — 0.2% | |||||
58,958 | STAG Industrial, Inc. | 2,177,908 | |||
Insurance — 0.4% | |||||
8,925 | Kinsale Capital Group, Inc. | 3,548,312 | |||
Interactive Media & Services — 5.1% | |||||
128,516 | Alphabet, Inc., Class A (a) (b) | 18,005,092 | |||
109,155 | Alphabet, Inc., Class C (a) (b) | 15,478,179 | |||
34,357 | Meta Platforms, Inc., Class A (a) | 13,404,040 | |||
46,887,311 | |||||
IT Services — 3.0% | |||||
63,116 | Accenture PLC, Class A (b) | 22,966,650 | |||
24,954 | VeriSign, Inc. (a) | 4,962,852 | |||
27,929,502 | |||||
Life Sciences Tools & Services — 0.5% | |||||
14,706 | Medpace Holdings, Inc. (a) | 4,287,975 | |||
Machinery — 0.7% | |||||
34,925 | Mueller Industries, Inc. | 1,676,400 | |||
11,660 | Snap-on, Inc. | 3,380,584 | |||
6,017 | Watts Water Technologies, Inc., Class A | 1,191,426 | |||
6,248,410 | |||||
Marine Transportation — 0.1% | |||||
44,674 | Star Bulk Carriers Corp. | 971,213 | |||
Metals & Mining — 1.8% | |||||
76,838 | Nucor Corp. (b) | 14,363,327 | |||
19,081 | Royal Gold, Inc. | 2,182,676 | |||
16,546,003 | |||||
Oil, Gas & Consumable Fuels — 7.9% | |||||
120,147 | Antero Midstream Corp. | 1,470,599 | |||
32,718 | Antero Resources Corp. (a) | 730,920 | |||
170,386 | Black Stone Minerals, L.P. (c) | 2,794,330 | |||
32,450 | California Resources Corp. | 1,547,216 | |||
45,654 | Canadian Natural Resources Ltd. | 2,921,399 |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS (Continued) | |||||
Oil, Gas & Consumable Fuels (Continued) | |||||
47,594 | Cenovus Energy, Inc. | $770,071 | |||
43,708 | Cheniere Energy, Inc. | 7,167,675 | |||
5,279 | Chord Energy Corp. | 811,699 | |||
6,141 | Civitas Resources, Inc. | 397,998 | |||
60,193 | CVR Energy, Inc. | 2,030,310 | |||
75,634 | Delek US Holdings, Inc. | 2,044,387 | |||
34,250 | Dorian LPG Ltd. | 1,282,320 | |||
64,343 | Exxon Mobil Corp. | 6,615,104 | |||
141,485 | Frontline PLC | 3,210,295 | |||
50,151 | Hess Midstream, L.P., Class A (d) | 1,695,605 | |||
117,591 | HF Sinclair Corp. | 6,642,716 | |||
86,502 | Marathon Petroleum Corp. (b) | 14,324,731 | |||
64,870 | ONEOK, Inc. | 4,427,378 | |||
58,242 | Par Pacific Holdings, Inc. (a) | 2,131,075 | |||
188,880 | Plains All American Pipeline, L.P. (c) | 2,916,307 | |||
41,841 | Scorpio Tankers, Inc. | 2,958,159 | |||
19,957 | Teekay Tankers Ltd., Class A | 1,248,310 | |||
20,441 | Valero Energy Corp. | 2,839,255 | |||
72,977,859 | |||||
Paper & Forest Products — 0.3% | |||||
47,192 | Louisiana-Pacific Corp. | 3,140,628 | |||
Personal Care Products — 0.3% | |||||
51,454 | BellRing Brands, Inc. (a) | 2,843,863 | |||
Pharmaceuticals — 3.8% | |||||
409,912 | Bristol-Myers Squibb Co. (b) | 20,032,399 | |||
46,220 | Corcept Therapeutics, Inc. (a) | 975,242 | |||
12,751 | Eli Lilly & Co. | 8,232,173 | |||
37,165 | Jazz Pharmaceuticals PLC (a) | 4,560,889 | |||
30,071 | Pacira BioSciences, Inc. (a) | 980,014 | |||
34,780,717 | |||||
Professional Services — 0.7% | |||||
12,789 | Insperity, Inc. | 1,466,770 | |||
34,978 | Parsons Corp. (a) | 2,278,817 | |||
38,686 | Robert Half, Inc. | 3,077,085 | |||
6,822,672 | |||||
Retail REITs — 0.3% | |||||
29,777 | Federal Realty Investment Trust | 3,029,214 | |||
Semiconductors & Semiconductor Equipment — 7.6% | |||||
11,070 | Broadcom, Inc. | 13,062,600 | |||
54,199 | NVIDIA Corp. (b) | 33,347,019 | |||
160,094 | QUALCOMM, Inc. (b) | 23,775,560 | |||
70,185,179 | |||||
Software — 11.4% | |||||
74,878 | Atlassian Corp., Class A (a) (b) | 18,702,278 | |||
149,462 | Dropbox, Inc., Class A (a) | 4,734,956 | |||
3,933 | Fair Isaac Corp. (a) | 4,714,998 | |||
32,135 | Guidewire Software, Inc. (a) | 3,588,837 | |||
9,137 | InterDigital, Inc. | 959,842 |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS (Continued) | |||||
Software (Continued) | |||||
131,770 | Microsoft Corp. (b) | $52,389,117 | |||
32,852 | Monday.com Ltd. (a) | 6,900,234 | |||
16,224 | Qualys, Inc. (a) | 3,069,094 | |||
19,356 | Roper Technologies, Inc. | 10,394,172 | |||
105,453,528 | |||||
Specialty Retail — 0.4% | |||||
75,369 | Wayfair, Inc., Class A (a) | 3,787,292 | |||
Technology Hardware, Storage & Peripherals — 6.1% | |||||
261,775 | Apple, Inc. (b) | 48,271,310 | |||
94,550 | NetApp, Inc. | 8,244,760 | |||
56,516,070 | |||||
Textiles, Apparel & Luxury Goods — 0.1% | |||||
133,073 | Figs, Inc., Class A (a) | 766,500 | |||
Tobacco — 2.1% | |||||
475,441 | Altria Group, Inc. (b) | 19,074,693 | |||
Trading Companies & Distributors — 2.0% | |||||
23,306 | Beacon Roofing Supply, Inc. (a) | 1,931,834 | |||
16,071 | Boise Cascade Co. | 2,176,978 | |||
113,653 | Core & Main, Inc., Class A (a) | 4,695,006 | |||
16,986 | SiteOne Landscape Supply, Inc. (a) | 2,625,186 | |||
16,706 | Watsco, Inc. | 6,531,712 | |||
17,960,716 | |||||
Wireless Telecommunication Services — 1.9% | |||||
165,939 | TIM S.A., ADR | 2,917,208 | |||
88,857 | T-Mobile US, Inc. (b) | 14,326,414 | |||
17,243,622 | |||||
Total Investments — 98.2% | 905,206,105 | ||||
(Cost $795,354,086) | |||||
COMMON STOCKS SOLD SHORT — (22.5)% | |||||
Aerospace & Defense — (0.8)% | |||||
(14,197) | Axon Enterprise, Inc. (a) | (3,535,905 ) | |||
(13,239) | Boeing Co. (The) (a) | (2,793,959 ) | |||
(23,388) | Kratos Defense & Security Solutions, Inc. (a) | (395,959 ) | |||
(25,593) | Mercury Systems, Inc. (a) | (759,088 ) | |||
(7,484,911 ) | |||||
Automobile Components — (0.1)% | |||||
(164,958) | QuantumScape Corp. (a) | (1,123,364 ) | |||
Banks — (0.5)% | |||||
(28,175) | Bank of Nova Scotia (The) | (1,317,181 ) | |||
(31,993) | Royal Bank of Canada | (3,122,837 ) | |||
(4,440,018 ) | |||||
Beverages — (0.3)% | |||||
(17,435) | Diageo PLC, ADR | (2,516,394 ) | |||
Capital Markets — (0.1)% | |||||
(40,255) | Blue Owl Capital, Inc. | (625,563 ) | |||
(21,659) | UBS Group AG | (647,820 ) | |||
(1,273,383 ) |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS SOLD SHORT (Continued) | |||||
Chemicals — (1.3)% | |||||
(20,036) | Air Products & Chemicals, Inc. | $(5,123,405 ) | |||
(14,151) | Ashland, Inc. | (1,324,817 ) | |||
(36,762) | Chemours (The) Co. | (1,109,109 ) | |||
(72,178) | FMC Corp. | (4,056,404 ) | |||
(11,613,735 ) | |||||
Commercial Services & Supplies — (0.2)% | |||||
(8,078) | Casella Waste Systems, Inc., Class A (a) | (689,376 ) | |||
(15,030) | Stericycle Inc. (a) | (721,440 ) | |||
(1,410,816 ) | |||||
Consumer Staples Distribution & Retail — (0.4)% | |||||
(30,539) | Dollar Tree, Inc. (a) | (3,989,004 ) | |||
Diversified REITs — (0.1)% | |||||
(72,252) | Global Net Lease, Inc. | (610,529 ) | |||
Diversified Telecommunication Services — (0.5)% | |||||
(51,572) | BCE, Inc. | (2,080,930 ) | |||
(63,189) | Frontier Communications Parent, Inc. (a) | (1,556,345 ) | |||
(47,404) | TELUS Corp. | (848,532 ) | |||
(4,485,807 ) | |||||
Electrical Equipment — (0.8)% | |||||
(128,584) | Bloom Energy Corp., Class A (a) | (1,455,571 ) | |||
(24,160) | Eaton Corp. PLC | (5,945,293 ) | |||
(7,400,864 ) | |||||
Electronic Equipment, Instruments & Components — (0.3)% | |||||
(9,887) | Belden, Inc. | (733,418 ) | |||
(48,211) | Trimble, Inc. (a) | (2,452,011 ) | |||
(3,185,429 ) | |||||
Energy Equipment & Services — (0.9)% | |||||
(44,988) | Baker Hughes Co. | (1,282,158 ) | |||
(46,363) | Diamond Offshore Drilling, Inc. (a) | (565,628 ) | |||
(37,157) | Expro Group Holdings N.V. (a) | (653,963 ) | |||
(6,129) | Nabors Industries Ltd. (a) | (518,391 ) | |||
(27,291) | Oceaneering International, Inc. (a) | (567,107 ) | |||
(10,658) | Schlumberger N.V. | (519,045 ) | |||
(540,700) | Transocean Ltd. (a) | (2,952,222 ) | |||
(24,098) | Valaris Ltd. (a) | (1,490,943 ) | |||
(8,549,457 ) | |||||
Entertainment — (0.1)% | |||||
(22,089) | Sphere Entertainment Co. (a) | (781,509 ) | |||
Food Products — (1.1)% | |||||
(63,346) | Darling Ingredients, Inc. (a) | (2,742,882 ) | |||
(14,654) | Freshpet, Inc. (a) | (1,261,709 ) | |||
(43,788) | J. M. Smucker (The) Co. | (5,760,312 ) | |||
(9,764,903 ) | |||||
Ground Transportation — (0.7)% | |||||
(58,773) | Canadian Pacific Kansas City Ltd. | (4,729,463 ) | |||
(158,426) | Hertz Global Holdings, Inc. (a) | (1,322,857 ) | |||
(17,748) | Werner Enterprises, Inc. | (701,934 ) | |||
(6,754,254 ) |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS SOLD SHORT (Continued) | |||||
Health Care Equipment & Supplies — (2.6)% | |||||
(8,459) | Cooper (The) Cos., Inc. | $(3,155,461 ) | |||
(18,529) | DENTSPLY SIRONA, Inc. | (643,883 ) | |||
(76,167) | GE HealthCare Technologies, Inc. | (5,587,611 ) | |||
(40,219) | Globus Medical, Inc., Class A (a) | (2,123,161 ) | |||
(18,198) | Integra LifeSciences Holdings Corp. (a) | (730,650 ) | |||
(86,018) | Novocure Ltd. (a) | (1,197,370 ) | |||
(29,512) | Omnicell, Inc. (a) | (949,401 ) | |||
(11,784) | Penumbra, Inc. (a) | (2,971,807 ) | |||
(33,392) | STAAR Surgical Co. (a) | (935,310 ) | |||
(49,004) | Zimmer Biomet Holdings, Inc. | (6,154,902 ) | |||
(24,449,556 ) | |||||
Household Durables — (0.3)% | |||||
(23,127) | Whirlpool Corp. | (2,532,869 ) | |||
Household Products — (0.8)% | |||||
(39,521) | Clorox (The) Co. | (5,740,425 ) | |||
(16,709) | Spectrum Brands Holdings, Inc. | (1,313,662 ) | |||
(7,054,087 ) | |||||
Insurance — (0.3)% | |||||
(39,156) | MetLife, Inc. | (2,714,294 ) | |||
IT Services — (0.1)% | |||||
(43,565) | Kyndryl Holdings, Inc. (a) | (893,954 ) | |||
Life Sciences Tools & Services — (0.8)% | |||||
(19,619) | Azenta, Inc. (a) | (1,279,159 ) | |||
(13,308) | Revvity, Inc. | (1,426,351 ) | |||
(14,342) | Waters Corp. (a) | (4,556,597 ) | |||
(7,262,107 ) | |||||
Machinery — (1.2)% | |||||
(17,047) | Chart Industries, Inc. (a) | (1,989,726 ) | |||
(247,181) | CNH Industrial N.V. | (2,966,172 ) | |||
(16,704) | Oshkosh Corp. | (1,839,110 ) | |||
(41,287) | Xylem, Inc. | (4,642,310 ) | |||
(11,437,318 ) | |||||
Metals & Mining — (1.2)% | |||||
(185,655) | Alcoa Corp. | (5,523,236 ) | |||
(93,038) | MP Materials Corp. (a) | (1,470,931 ) | |||
(105,515) | Teck Resources Ltd., Class B | (4,221,655 ) | |||
(11,215,822 ) | |||||
Office REITs — (0.1)% | |||||
(24,468) | COPT Defense Properties | (576,466 ) | |||
Oil, Gas & Consumable Fuels — (1.3)% | |||||
(135,070) | Equitrans Midstream Corp. | (1,376,363 ) | |||
(26,680) | Golar LNG Ltd. | (581,891 ) | |||
(33,842) | Green Plains, Inc. (a) | (701,545 ) | |||
(71,762) | Ovintiv, Inc. | (3,044,144 ) | |||
(16,623) | Range Resources Corp | (482,732 ) | |||
(39,105) | Talos Energy, Inc. (a) | (507,192 ) |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS SOLD SHORT (Continued) | |||||
Oil, Gas & Consumable Fuels (Continued) | |||||
(85,271) | TC Energy Corp. | $(3,362,235 ) | |||
(1,267) | Texas Pacific Land Corp. | (1,851,505 ) | |||
(11,907,607 ) | |||||
Passenger Airlines — (0.1)% | |||||
(169,555) | Joby Aviation, Inc. (a) | (925,770 ) | |||
Personal Care Products — (0.6)% | |||||
(44,826) | Estee Lauder (The) Cos., Inc., Class A | (5,916,584 ) | |||
Professional Services — (0.5)% | |||||
(35,928) | Ceridian HCM Holding, Inc. (a) | (2,497,715 ) | |||
(48,382) | KBR, Inc. | (2,521,186 ) | |||
(5,018,901 ) | |||||
Semiconductors & Semiconductor Equipment — (2.0)% | |||||
(35,187) | First Solar, Inc. (a) | (5,147,858 ) | |||
(50,411) | Marvell Technology, Inc. | (3,412,825 ) | |||
(71,065) | Micron Technology, Inc. | (6,093,824 ) | |||
(110,559) | Wolfspeed, Inc. (a) | (3,598,695 ) | |||
(18,253,202 ) | |||||
Software — (1.2)% | |||||
(4,258) | Aspen Technology, Inc. (a) | (817,493 ) | |||
(80,632) | CCC Intelligent Solutions Holdings, Inc. (a) | (886,146 ) | |||
(11,132) | MicroStrategy, Inc., Class A (a) | (5,579,470 ) | |||
(19,502) | PTC Inc. (a) | (3,523,036 ) | |||
(10,806,145 ) | |||||
Specialized REITs — (0.1)% | |||||
(5,255) | Crown Castle, Inc. | (568,854 ) | |||
Specialty Retail — (0.2)% | |||||
(64,631) | Victoria’s Secret & Co. (a) | (1,683,638 ) | |||
Technology Hardware, Storage & Peripherals — (0.7)% | |||||
(81,214) | Pure Storage, Inc., Class A (a) | (3,247,748 ) | |||
(59,468) | Western Digital Corp. (a) | (3,404,543 ) | |||
(6,652,291 ) | |||||
Trading Companies & Distributors — (0.0)% | |||||
(1,963) | GATX Corp. | (240,762 ) | |||
Wireless Telecommunication Services — (0.2)% | |||||
(10,476) | Rogers Communications, Inc., Class B | (489,334 ) | |||
(46,507) | Telephone and Data Systems, Inc. | (893,400 ) | |||
(7,203) | United States Cellular Corp. (a) | (319,813 ) | |||
(1,702,547 ) | |||||
Total Investments Sold Short — (22.5)% | (207,197,151 ) | ||||
(Proceeds $200,396,501) | |||||
Net Other Assets and Liabilities — 24.3% | 224,207,565 | ||||
Net Assets — 100.0% | $922,216,519 |
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
Futures Contracts at January 31, 2024:
Futures Contracts | Position | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation (Depreciation)/ Value |
S&P 500 E-mini Futures | Short | 241 | Mar-2024 | $(58,689,525 ) | $(2,621,129 ) |
(a) | Non-income producing security. |
(b) | This security or a portion of this security is segregated as collateral for investments sold short. At January 31, 2024, the segregated value of these securities amounts to $269,519,860. |
(c) | Security is a Master Limited Partnership (“MLP”). |
(d) | This security is taxed as a “C” corporation for federal income tax purposes. |
Abbreviations throughout the Portfolio of Investments: | |
ADR | – American Depositary Receipt |
REITs | – Real Estate Investment Trusts |
Country Allocation† | % of Net Assets |
United States | 70.4% |
Ireland | 2.7 |
Luxembourg | 1.9 |
Cayman Islands | 0.9 |
Israel | 0.8 |
Marshall Islands | 0.7 |
Netherlands | 0.6 |
Cyprus | 0.4 |
Brazil | 0.3 |
Curacao | (0.1) |
Jersey | (0.1) |
United Kingdom | (0.3) |
Bermuda | (0.3) |
Switzerland | (0.4) |
Canada | (1.8) |
Total Investments | 75.7 |
Net Other Assets and Liabilities | 24.3 |
Total | 100.0% |
† | The presentation is based on net long and short positions. |
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.
• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)
• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
First Trust Long/Short Equity ETF (FTLS)Portfolio of Investments (Continued)January 31, 2024 (Unaudited)
A summary of the inputs used to value the Fund’s investments as of January 31, 2024 is as follows:
ASSETS TABLE | ||||
Total Value at 1/31/2024 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $905,206,105 | $905,206,105 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 1/31/2024 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks Sold Short* | $(207,197,151 ) | $(207,197,151 ) | $— | $— |
Futures Contracts | (2,621,129 ) | (2,621,129 ) | — | — |
Total | $(209,818,280 ) | $(209,818,280 ) | $— | $— |
* | See Portfolio of Investments for industry breakout. |