First Trust Horizon Managed Volatility Developed International ETF (HDMV)
Holdings of the Fund as of 12/16/2025

Total Number of Holdings (excluding cash): 151

Security Name Identifier CUSIP Classification Shares / Quantity Market Value Weighting Descending sort
Oversea-Chinese Banking Corporation Limited OCBC.SP Y64248209 Financials 34,900 $526,383.48 2.33%
MTR Corporation Limited 66.HK Y6146T101 Industrials 124,884 $480,218.74 2.13%
CLP Holdings Limited 2.HK Y1660Q104 Utilities 53,554 $471,124.93 2.08%
The Hong Kong and China Gas Company Limited 3.HK Y33370100 Utilities 486,302 $439,371.72 1.94%
Power Assets Holdings Limited 6.HK Y7092Q109 Utilities 60,950 $407,331.29 1.80%
United Overseas Bank Limited UOB.SP Y9T10P105 Financials 14,700 $396,326.13 1.75%
CapitaLand Integrated Commercial Trust CICT.SP Y0259J109 Real Estate 209,300 $378,360.43 1.67%
Telstra Group Ltd TLS.AU Q8975N105 Communication Services 114,190 $364,347.59 1.61%
Wilmar International Limited WIL.SP Y9586L109 Consumer Staples 152,300 $359,214.67 1.59%
Singapore Airlines Limited SIA.SP Y7992P128 Industrials 69,300 $338,730.53 1.50%
CapitaLand Ascendas REIT CLAR.SP Y0205X103 Real Estate 153,600 $330,104.58 1.46%
Snam SpA SRG.IM T8578N103 Utilities 36,994 $241,631.82 1.07%
CK Infrastructure Holdings Limited 1038.HK G2178K100 Utilities 34,148 $234,356.63 1.04%
Poste Italiane SpA PST.IM T7S697106 Financials 9,160 $224,039.32 0.99%
Sino Land Company Limited 83.HK Y80267126 Real Estate 164,709 $219,092.95 0.97%
Ageas S.A./N.V. AGS.BB B0148L138 Financials 3,068 $209,942.00 0.93%
Swisscom AG SCMN.SW H8398N104 Communication Services 296 $209,181.99 0.93%
Klepierre LI.FP F5396X102 Real Estate 5,280 $207,046.69 0.92%
Koninklijke Ahold Delhaize N.V. AD.NA N0074E105 Consumer Staples 5,085 $207,106.08 0.92%
Swiss Prime Site AG SPSN.SW H8403W107 Real Estate 1,397 $207,990.92 0.92%
ASR Nederland N.V. ASRNL.NA N0709G103 Financials 2,932 $205,009.95 0.91%
TERNA - Rete Elettrica Nazionale SpA TRN.IM T9471R100 Utilities 19,805 $204,648.29 0.91%
NN Group N.V. NN.NA N64038107 Financials 2,696 $203,267.36 0.90%
Tryg A/S TRYG.DC K9640A110 Financials 8,099 $204,381.62 0.90%
Bollore SE BOL.FP F10659260 Communication Services 37,301 $201,833.13 0.89%
Enel SpA ENEL.IM T3679P115 Utilities 19,466 $200,733.72 0.89%
Groupe Bruxelles Lambert S.A. GBLB.BB B4746J115 Financials 2,276 $199,060.46 0.88%
E.ON SE EOAN.GY D24914133 Utilities 10,863 $196,397.72 0.87%
Scentre Group SCG.AU Q8351E109 Real Estate 68,723 $188,275.98 0.83%
Zurich Insurance Group AG ZURN.SW H9870Y105 Financials 250 $185,161.87 0.82%
Capitaland Investment Limited of Singapore CLI.SP Y1091P105 Real Estate 90,400 $183,759.70 0.81%
Iberdrola S.A. IBE.SM E6165F166 Utilities 8,458 $178,601.34 0.79%
Tokyu Corporation 9005.JP J88720149 Industrials 15,200 $178,638.89 0.79%
Swiss Life Holding AG (Registered) SLHN.SW H8404J162 Financials 156 $175,410.47 0.78%
DBS Group Holdings Limited DBS.SP Y20246107 Financials 4,030 $173,500.35 0.77%
L'Air Liquide S.A. AI.FP F01764103 Materials 934 $174,897.38 0.77%
Mitsubishi HC Capital Inc. 8593.JP J4706D100 Financials 20,700 $171,859.37 0.76%
Getlink SE GET.FP F4R053105 Industrials 9,439 $169,876.29 0.75%
Orkla ASA ORK.NO R67787102 Consumer Staples 15,279 $167,043.89 0.74%
Contact Energy Limited CEN.NZ Q2818G104 Utilities 30,699 $164,345.45 0.73%
Genting Singapore Limited GENS.SP Y2692C139 Consumer Discretionary 287,800 $159,653.11 0.71%
Eni SpA ENI.IM T3643A145 Energy 8,615 $157,880.30 0.70%
Bureau Veritas SA BVI.FP F96888114 Industrials 4,978 $155,789.13 0.69%
Henkel AG & Co. KGaA HEN.GY D3207M102 Consumer Staples 2,014 $155,325.31 0.69%
Unilever Plc ULVR.LN G92087348 Consumer Staples 2,436 $156,769.34 0.69%
Medibank Private Limited MPL.AU Q5921Q109 Financials 48,364 $153,674.02 0.68%
Daito Trust Construction Co., Ltd. 1878.JP J11151107 Real Estate 7,800 $151,691.34 0.67%
Infrastrutture Wireless Italiane SpA INW.IM T6032P102 Communication Services 16,874 $150,554.54 0.67%
Kirin Holdings Company, Limited 2503.JP 497350108 Consumer Staples 9,800 $151,044.61 0.67%
Shell Plc SHEL.LN G80827101 Energy 4,215 $148,629.88 0.66%
Vicinity Centres VCX.AU Q9395F102 Real Estate 89,742 $149,421.20 0.66%
CK Asset Holdings Limited 1113.HK G2177B101 Real Estate 29,148 $144,974.11 0.64%
Coles Group Limited COL.AU Q26203408 Consumer Staples 10,094 $144,362.63 0.64%
Koninklijke (Royal) KPN N.V. KPN.NA N4297B146 Communication Services 31,607 $144,697.74 0.64%
Engie S.A. ENGI.FP F7629A107 Utilities 5,576 $142,341.18 0.63%
AerCap Holdings N.V. AER N00985106 Industrials 988 $140,009.48 0.62%
Swire Pacific Limited (Class A) 19.HK Y83310105 Industrials 17,000 $140,157.49 0.62%
Telenor ASA TEL.NO R89923107 Communication Services 9,837 $140,081.43 0.62%
Ferrovial SE FER.SM N3168P101 Industrials 2,048 $137,328.91 0.61%
Groupe Danone S.A. BN.FP F12033134 Consumer Staples 1,520 $137,457.85 0.61%
Singapore Telecommunications Limited ST.SP Y79985209 Communication Services 39,000 $137,978.06 0.61%
SoftBank Corp. 9434.JP J75963132 Communication Services 96,600 $135,124.70 0.60%
ANA Holdings Inc. 9202.JP J0156Q112 Industrials 6,900 $132,249.26 0.59%
Schindler Holding AG (Registered) SCHN.SW H7258G233 Industrials 381 $133,188.28 0.59%
Allianz SE ALV.GY D03080112 Financials 293 $131,933.32 0.58%
GENERALI G.IM T05040109 Financials 3,211 $130,101.27 0.58%
Keppel Limited KEP.SP Y4722Z120 Industrials 16,700 $130,345.19 0.58%
Red Electrica Corporacion S.A. RED.SM E42807110 Utilities 7,418 $130,628.08 0.58%
National Grid Plc NG/.LN G6S9A7120 Utilities 8,602 $129,517.91 0.57%
NTT Inc. 9432.JP J59396101 Communication Services 127,600 $127,868.10 0.57%
Novartis AG NOVN.SW H5820Q150 Health Care 939 $126,908.15 0.56%
Coca-Cola European Partners Plc CCEP G25839104 Consumer Staples 1,339 $123,335.29 0.55%
Hulic Company, Ltd. 3003.JP J23594112 Real Estate 11,300 $124,991.92 0.55%
Japan Tobacco, Inc. 2914.JP J27869106 Consumer Staples 3,300 $124,068.64 0.55%
Essity Aktiebolag (Class B) ESSITYB.SS W3R06F100 Consumer Staples 4,284 $122,200.79 0.54%
Helvetia Baloise Holding AG HBAN.SW H3701P102 Financials 469 $119,129.81 0.53%
L E Lundbergforetagen AB (Class B) LUNDB.SS W54114108 Financials 2,213 $119,639.07 0.53%
The Lottery Corporation Limited TLC.AU Q56337100 Consumer Discretionary 34,525 $119,320.24 0.53%
Unibail-Rodamco-Westfield URW.FP F95094581 Real Estate 1,117 $120,827.70 0.53%
AGC Inc. 5201.JP J0025W100 Industrials 3,500 $117,703.27 0.52%
Gecina S.A. GFC.FP F4268U171 Real Estate 1,249 $117,088.27 0.52%
M&G Plc MNG.LN G6107R102 Financials 31,583 $117,919.46 0.52%
MEIJI Holdings Co., Ltd. 2269.JP J41729104 Consumer Staples 5,400 $118,623.96 0.52%
Orange ORA.FP F6866T100 Communication Services 7,297 $117,396.31 0.52%
Schindler Holding AG (Participation Certificate) SCHP.SW H7258G209 Industrials 316 $116,744.15 0.52%
Endesa, S.A. ELE.SM E41222113 Utilities 3,182 $114,758.96 0.51%
Euronext NV ENX.FP N3113K397 Financials 790 $115,450.42 0.51%
Link Real Estate Investment Trust 823.HK Y5281M111 Real Estate 26,228 $115,282.13 0.51%
Osaka Gas Co., Ltd. 9532.JP J62320130 Utilities 3,300 $114,388.78 0.51%
RWE AG RWE.GY D6629K109 Utilities 2,248 $115,880.66 0.51%
Wesfarmers Limited WES.AU Q95870103 Consumer Discretionary 2,166 $115,979.80 0.51%
Aena SME, S.A. AENA.SM E526LK101 Industrials 4,113 $113,401.77 0.50%
Aviva Plc AV/.LN G0683Q158 Financials 12,639 $112,908.50 0.50%
Geberit AG (Registered) GEBN.SW H2942E124 Industrials 146 $113,972.69 0.50%
Secom Co. Ltd. 9735.JP J69972107 Industrials 3,100 $112,263.10 0.50%
Smiths Group Plc SMIN.LN G82401111 Industrials 3,597 $112,326.25 0.50%
Veolia Environnement S.A. VIE.FP F9686M107 Utilities 3,228 $111,943.25 0.50%
Carrefour S.A. CA.FP F13923119 Consumer Staples 6,554 $110,485.78 0.49%
Daiwa House Industry Co., Ltd. 1925.JP J11508124 Real Estate 3,300 $111,382.48 0.49%
Haleon Plc HLN.LN G4232K100 Health Care 22,684 $110,671.47 0.49%
Investor AB (Class B) INVEB.SS W5R777115 Financials 3,211 $110,781.94 0.49%
Telefonica, S.A. TEF.SM 879382109 Communication Services 27,044 $109,861.11 0.49%
Admiral Group Plc ADM.LN G0110T106 Financials 2,583 $108,958.65 0.48%
Industrivarden AB (Class A) INDUA.SS W45430100 Financials 2,527 $109,563.21 0.48%
Industrivarden AB (Class C) INDUC.SS W45430126 Financials 2,507 $108,615.24 0.48%
Kao Corporation 4452.JP J30642169 Consumer Staples 2,600 $105,663.19 0.47%
Kerry Group Plc (Class A) KYGA.ID G52416107 Consumer Staples 1,183 $105,828.52 0.47%
SGS S.A. SGSN.SW H63838116 Industrials 954 $107,102.30 0.47%
Telia Company AB TELIA.SS W95890104 Communication Services 25,912 $105,801.99 0.47%
West Japan Railway Company 9021.JP J95094108 Industrials 5,400 $106,761.56 0.47%
Anz Group Holdings Ltd ANZ.AU Q0429F119 Financials 4,385 $105,036.40 0.46%
Compass Group Plc CPG.LN G23296208 Consumer Discretionary 3,320 $103,943.60 0.46%
Deutsche Boerse AG DB1.GY D1882G119 Financials 405 $103,433.85 0.46%
Hannover Rueck SE HNR1.GY D3015J135 Financials 342 $104,941.52 0.46%
National Australia Bank Limited NAB.AU Q65336119 Financials 3,693 $103,477.51 0.46%
Reckitt Benckiser Group Plc RKT.LN G74079107 Consumer Staples 1,288 $102,991.57 0.46%
RELX Plc REL.LN G7493L105 Industrials 2,542 $103,748.12 0.46%
Stockland SGP.AU Q8773B105 Real Estate 26,724 $104,059.63 0.46%
Swedbank AB (Class A) SWEDA.SS W94232100 Financials 3,156 $104,746.11 0.46%
TotalEnergies SE TTE.FP F92124100 Energy 1,608 $102,951.00 0.46%
ASX Limited ASX.AU Q0604U105 Financials 2,947 $101,830.35 0.45%
Skandinaviska Enskilda Banken AB (Class A) SEBA.SS W25381141 Financials 4,987 $101,062.38 0.45%
Suntory Beverage & Food Limited 2587.JP J78186103 Consumer Staples 3,300 $102,299.60 0.45%
Tesco Plc TSCO.LN G8T67X102 Consumer Staples 17,239 $101,950.45 0.45%
KDDI Corporation 9433.JP J31843105 Communication Services 5,700 $100,097.69 0.44%
OBIC Co., Ltd. 4684.JP J5946V107 Information Technology 3,100 $98,683.38 0.44%
Takeda Pharmaceutical Company Limited 4502.JP J8129E108 Health Care 3,400 $99,248.71 0.44%
Alfa Laval AB ALFA.SS W04008152 Industrials 1,901 $93,659.18 0.41%
BioMerieux BIM.FP F1149Y232 Health Care 735 $92,561.45 0.41%
Deutsche Telekom AG DTE.GY D2035M136 Communication Services 2,936 $92,228.58 0.41%
East Japan Railway Company 9020.JP J1257M109 Industrials 3,500 $93,597.28 0.41%
Intertek Group Plc ITRK.LN G4911B108 Industrials 1,509 $91,652.21 0.41%
Nissin Foods Holdings Co., Ltd. 2897.JP J58063124 Consumer Staples 5,000 $93,652.19 0.41%
Asahi Kasei Corporation 3407.JP J0242P110 Materials 10,000 $90,001.73 0.40%
Fresenius SE & Co. KGaA FRE.GY D27348263 Health Care 1,639 $91,322.99 0.40%
Bridgestone Corporation 5108.JP J04578126 Consumer Discretionary 1,900 $89,159.86 0.39%
Hankyu Hanshin Holdings, Inc. 9042.JP J18439109 Industrials 3,400 $87,012.85 0.39%
Sekisui House, Ltd. 1928.JP J70746136 Consumer Discretionary 4,000 $88,955.05 0.39%
Yakult Honsha Co., Ltd. 2267.JP J95468120 Consumer Staples 5,600 $87,758.48 0.39%
Beiersdorf AG BEI.GY D08792109 Consumer Staples 789 $86,626.51 0.38%
Assa Abloy AB (Class B) ASSAB.SS W0817X204 Industrials 2,197 $84,605.87 0.37%
Asahi Group Holdings, Ltd. 2502.JP J02100113 Consumer Staples 7,300 $81,666.72 0.36%
Japan Airlines Co., Ltd. 9201.JP J25979121 Industrials 4,300 $81,124.32 0.36%
Siemens Healthineers AG SHL.GY D6T479107 Health Care 1,574 $81,747.27 0.36%
MatsukiyoCocokara & Co. 3088.JP J41208109 Consumer Staples 4,400 $80,040.16 0.35%
Chubu Electric Power Company, Incorporated 9502.JP J06510101 Utilities 5,000 $75,060.67 0.33%
JFE Holdings, Inc. 5411.JP J2817M100 Materials 5,600 $71,531.02 0.32%
Sekisui Chemical Co., Ltd. 4204.JP J70703137 Industrials 4,300 $71,970.05 0.32%
Novozymes A/S, part of Novonesis Group (Class B) NSISB.DC K7317J133 Materials 1,122 $69,030.05 0.31%
Shimadzu Corporation 7701.JP J72165129 Information Technology 2,400 $66,817.08 0.30%
The Magnum Ice Cream Company N.V. MICC.LN Consumer Staples 548 $8,853.63 0.04%
Euro $EUR Other 3,586 $4,213.30 0.02%
Hong Kong Dollar $HKD Other 33,405 $4,293.04 0.02%
Singapore Dollar $SGD Other 5,552 $4,306.55 0.02%
Australian Dollar $AUD Other 3,317 $2,200.35 0.01%
Pound Sterling $GBP Other 1,409 $1,891.64 0.01%
New Israeli Shekel $ILS Other 167 $51.66 0.00%
US Dollar $USD Other -160,778 ($160,777.57) -0.71%
Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.