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First Trust Managed Futures Strategy Fund (FMF)
Holdings of the Fund as of 12/24/2025

Futures **
Security Name Identifier Classification Shares /
Contracts
Notional Value Weighting*** Descending sort
MEXICAN PESO FUT Mar26 PEH6 Financial - Currency 966.0000 $26,719,560.00 12.86%
3 MONTH SOFR FUT Mar27 SFRH7 Financial - Interest Rates 85.0000 $20,580,625.00 9.90%
US 2YR NOTE (CBT) Mar26 TUH6 Financial - Interest Rates 92.0000 $19,197,093.70 9.24%
BRAZIL REAL FUT Jan26 BRF6 Financial - Currency 787.0000 $14,232,895.00 6.85%
IBEX 35 INDX FUTR Jan26 IBF6 Financial - Equity Index 68.0000 $13,727,225.00 6.61%
US 5YR NOTE (CBT) Mar26 FVH6 Financial - Interest Rates 115.0000 $12,567,343.75 6.05%
S&P/TSX 60 IX FUT Mar26 PTH6 Financial - Equity Index 39.0000 $10,697,514.38 5.15%
AUDUSD Crncy Fut Mar26 ADH6 Financial - Currency 159.0000 $10,666,515.00 5.13%
LME PRI ALUM FUTR Mar26 LAH26 Industrial Metals 136.0000 $10,070,494.00 4.85%
GOLD 100 OZ FUTR Feb26 GCG6 Precious Metals 22.0000 $9,906,160.00 4.77%
US 10YR NOTE (CBT)Mar26 TYH6 Financial - Interest Rates 81.0000 $9,113,765.63 4.39%
FTSE/MIB IDX FUT Mar26 STH6 Financial - Equity Index 34.0000 $8,952,677.29 4.31%
FTSE 100 IDX FUT Mar26 Z H6 Financial - Equity Index 65.0000 $8,671,962.45 4.17%
TOPIX INDX FUTR Mar26 TPH6 Financial - Equity Index 33.0000 $7,208,942.40 3.47%
GASOLINE RBOB FUT Feb26 XBG6 Energy 83.0000 $6,114,792.60 2.94%
CATTLE FEEDER FUT Mar26 FCH6 Livestock 31.0000 $5,251,400.00 2.53%
NIKKEI 225 (OSE) Mar26 NKH6 Financial - Equity Index 16.0000 $5,162,870.40 2.48%
SILVER FUTURE Mar26 SIH6 Precious Metals 14.0000 $5,017,950.00 2.41%
OMXS30 IND FUTURE Jan26 QCF6 Financial - Equity Index 159.0000 $4,955,317.81 2.38%
EURO STOXX 50 Mar26 VGH6 Financial - Equity Index 72.0000 $4,889,919.36 2.35%
ECX EMISSION Dec26 MOZ26 Energy 47.0000 $4,870,503.17 2.34%
Low Su Gasoil G Feb26 QSG6 Energy 63.0000 $3,986,325.00 1.92%
CAN 10YR BOND FUT Mar26 CNH6 Financial - Interest Rates 44.0000 $3,896,346.56 1.88%
EURO-BOBL FUTURE Mar26 OEH6 Financial - Interest Rates 28.0000 $3,825,359.66 1.84%
COFFEE 'C' FUTURE Mar26 KCH6 Agricultural 29.0000 $3,753,506.25 1.81%
LIVE CATTLE FUTR Feb26 LCG6 Livestock 41.0000 $3,748,220.00 1.80%
E-Mini Russ 2000 Mar26 RTYH6 Financial - Equity Index 28.0000 $3,592,540.00 1.73%
DJIA MINI e-CBOT Mar26 DMH6 Financial - Equity Index 14.0000 $3,432,030.00 1.65%
CAC40 10 EURO FUT Jan26 CFF6 Financial - Equity Index 35.0000 $3,342,409.23 1.61%
MSCI EAFE Mar26 MFSH6 Financial - Equity Index 22.0000 $3,208,810.00 1.54%
S&P500 EMINI FUT Mar26 ESH6 Financial - Equity Index 9.0000 $3,142,125.00 1.51%
LME ZINC FUTURE Mar26 LXH6 Industrial Metals 39.0000 $3,014,680.50 1.45%
EURO-BUND FUTURE Mar26 RXH6 Financial - Interest Rates 19.0000 $2,851,487.45 1.37%
CBOE VIX FUTURE Jan26 UXF6 Financial - Equity Index 165.0000 $2,780,778.00 1.34%
US LONG BOND(CBT) Mar26 USH6 Financial - Interest Rates 22.0000 $2,547,187.50 1.23%
COPPER FUTURE Mar26 HGH6 Industrial Metals 18.0000 $2,508,750.00 1.21%
LEAN HOGS FUTURE Apr26 LHJ6 Livestock 66.0000 $2,370,720.00 1.14%
NY Harb ULSD Fut Feb26 HOG6 Energy 23.0000 $2,080,474.20 1.00%
LONG GILT FUTURE Mar26 G H6 Financial - Interest Rates 15.0000 $1,841,395.61 0.89%
EURO FX CURR FUT Mar26 ECH6 Financial - Currency 12.0000 $1,773,225.00 0.85%
SOYBEAN FUTURE Mar26 S H6 Agricultural 25.0000 $1,345,625.00 0.65%
MSCI EmgMkt Mar26 MESH6 Financial - Equity Index 14.0000 $983,220.00 0.47%
TTF NAT GAS F Feb26 TZTG6 Energy -35.0000 ($773,457.87) -0.34%
DAX Mini Future Mar26 DFWH6 Financial - Equity Index -8.0000 ($1,153,716.53) -0.56%
NEW ZEALAND $ FUT Mar26 NVH6 Financial - Currency -33.0000 ($1,930,830.00) -0.93%
CORN FUTURE Mar26 C H6 Agricultural -117.0000 ($2,638,350.00) -1.27%
US ULTRA BOND CBT Mar26 WNH6 Financial - Interest Rates -24.0000 ($2,847,750.00) -1.37%
SOYBEAN OIL FUTR Mar26 BOH6 Agricultural -113.0000 ($3,357,456.00) -1.62%
SOYBEAN MEAL FUTR Mar26 SMH6 Agricultural -123.0000 ($3,789,630.00) -1.82%
SUGAR #11 (WORLD) Mar26 SBH6 Agricultural -221.0000 ($3,784,580.80) -1.82%
NATURAL GAS FUTR Mar26 NGH26 Energy -128.0000 ($4,108,800.00) -1.98%
COCOA FUTURE Mar26 CCH6 Agricultural -75.0000 ($4,474,500.00) -2.15%
CHF CURRENCY FUT Mar26 SFH6 Financial - Currency -34.0000 ($5,435,537.50) -2.62%
CBOE VIX FUTURE Mar26 UXH6 Financial - Equity Index -280.0000 ($5,480,636.00) -2.64%
CANOLA FUTR (WCE) Mar26 RSH6 Agricultural -657.0000 ($5,875,119.77) -2.83%
WTI CRUDE FUTURE Feb26 CLG6 Energy -104.0000 ($6,068,400.00) -2.92%
LME LEAD FUTURE Mar26 LLH6 Industrial Metals -182.0000 ($9,073,200.50) -4.37%
WHEAT FUTURE(CBT) Mar26 W H6 Agricultural -364.0000 ($9,495,850.00) -4.57%
LME NICKEL FUTURE Mar26 LNH6 Industrial Metals -124.0000 ($11,748,392.40) -5.65%
KC HRW WHEAT FUT Mar26 KWH6 Agricultural -511.0000 ($13,643,700.00) -6.57%
C$ CURRENCY FUT Mar26 CDH6 Financial - Currency -199.0000 ($14,607,595.00) -7.03%
COTTON NO.2 FUTR Mar26 CTH6 Agricultural -562.0000 ($18,051,440.00) -8.69%
JPN YEN CURR FUT Mar26 JYH6 Financial - Currency -326.0000 ($26,320,425.00) -12.67%
JPN 10Y BOND(OSE) Mar26 JBH6 Financial - Interest Rates -36.0000 ($30,644,928.00) -14.75%
EURO-SCHATZ FUT Mar26 DUH6 Financial - Interest Rates -329.0000 ($41,347,256.94) -19.90%
Cash and Collateral
Security Name Identifier CUSIP Shares / Quantity Notional Value Weighting Descending sort
US Dollar $USD 108,743,087 $108,743,086.56 52.33%
U.S. Treasury Note, 0.75%, due 03/31/2026 91282CBT7 31,000,000 $30,770,097.80 14.81%
U.S. Treasury Bill, 0%, due 01/13/2026 912797SF5 20,000,000 $19,964,400.00 9.61%
U.S. Treasury Bill, 0%, due 02/03/2026 912797SJ7 20,000,000 $19,923,373.20 9.59%
U.S. Treasury Bill, 0%, due 02/12/2026 912797RT6 11,000,000 $10,948,006.63 5.27%
U.S. Treasury Bill, 0%, due 01/22/2026 912797PD3 8,000,000 $7,978,640.00 3.84%
U.S. Treasury Note, 0.875%, due 06/30/2026 91282CCJ8 7,000,000 $6,905,096.45 3.32%
Japanese Yen $JPY 512,278,362 $3,285,099.15 1.58%
Canadian Dollar $CAD 214,558 $156,886.15 0.08%
Euro $EUR 149,298 $175,842.77 0.08%
Pound Sterling $GBP 88,680 $119,753.82 0.06%
Swiss Franc $CHF -89,807 ($113,968.20) -0.05%
Swedish Krona $SEK -3,032,208 ($330,720.17) -0.16%
Australian Dollar $AUD -1,099,715 ($737,358.79) -0.35%
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.

** The futures investments are held indirectly through the FT Cayman Subsidiary, a wholly-owned subsidiary of the Fund, organized under the laws of the Cayman Islands.

*** The weight represents the fund's aggregate exposure to each futures investment whether the exposure is long or short. Long positions are represented by positive weightings and short positions are represented by negative weightings. See the fund's prospectus and Statement of Additional Information for further details on the fund's investment strategy.


 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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