First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS – 97.3% | ||||||||
Alabama – 4.3% | ||||||||
$1,000,000 | AL Federal Aid Highway Fin Auth Spl Oblig Rev, GARVEE | 5.00% | 09/01/30 | $1,145,006 | ||||
210,000 | Black Belt Energy Gas Dist AL Gas Prepay Rev Proj #5, Ser A-1 (Mandatory put 10/01/26) | 4.00% | 10/01/49 | 244,606 | ||||
275,000 | Black Belt Energy Gas Dist AL Gas Sply Rev, Ser A (Mandatory put 07/01/22) | 4.00% | 08/01/47 | 285,844 | ||||
100,000 | Greenville AL Pub Impt Cooperative Pub Impt Rev Greenville Funding, BAM | 5.00% | 03/01/25 | 117,231 | ||||
145,000 | Infirmary Hlth Sys AL Spl Care Facs Fing Auth Rev Infirmary Hlth Sys Inc, Ser A | 5.00% | 02/01/25 | 167,632 | ||||
160,000 | Infirmary Hlth Sys AL Spl Care Facs Fing Auth Rev Infirmary Hlth Sys Inc, Ser A | 5.00% | 02/01/28 | 188,403 | ||||
305,000 | Lower AL Gas Dist Gas Proj Rev Gas Proj Rev Bonds Proj 2 (Mandatory put 12/01/25) | 4.00% | 12/01/50 | 349,138 | ||||
500,000 | Mizuho Floater Residual Trust Various States Floaters Miz 9024, Ser 2020 (a) (b) | 0.36% | 12/01/48 | 500,000 | ||||
430,000 | Prichard AL Wtrwks & Swr Brd Wtr & Swr Rev Ref | 5.00% | 11/01/25 | 499,464 | ||||
10,000 | SE AL St Gas Sply Dist Gas Sply Rev Proj #2, Ser A | 4.00% | 06/01/23 | 10,756 | ||||
150,000 | SE AL St Gas Sply Dist Gas Sply Rev Proj #2, Ser A (Mandatory put 06/01/24) | 4.00% | 06/01/49 | 165,189 | ||||
350,000 | Southeast Energy Auth AL Commodity Sply Rev Proj #1, Ser A | 4.00% | 10/01/23 | 380,076 | ||||
500,000 | Southeast Energy Auth AL Commodity Sply Rev Proj #1, Ser A | 4.00% | 10/01/25 | 570,620 | ||||
4,623,965 | ||||||||
Arizona – 3.4% | ||||||||
1,000,000 | AZ St Indl Dev Auth Rev Lincoln South Beltway Proj | 5.00% | 05/01/27 | 1,241,676 | ||||
1,000,000 | Coconino Cnty AZ Poll Controlcorp Ref NV Pwr Company Remk, Ser A, AMT (Mandatory put 03/31/23) | 1.88% | 09/01/32 | 1,027,045 | ||||
95,000 | Glendale AZ Indl Dev Auth Sr Living Facs Rev Ref Royal Oaks Life Care Cmnty | 4.00% | 05/15/29 | 101,706 | ||||
615,000 | Maricopa Cnty AZ Indl Dev Auth Edu Rev Legacy Traditional Sch Proj | 5.00% | 07/01/24 | 691,923 | ||||
580,000 | Phoenix AZ Indl Dev Auth Edu Rev Ref Basis Sch (a) | 5.00% | 07/01/35 | 639,807 | ||||
3,702,157 | ||||||||
California – 5.7% | ||||||||
175,000 | CA Cnty CA Tobacco Securitization Agy Tobacco Settle Ref Sonoma Cnty Securitization Corp, Ser A | 3.00% | 06/01/21 | 175,369 | ||||
25,000 | CA St Enterprise Dev Auth Student Hsg Rev M@College Proj, Ser A | 5.00% | 08/01/23 | 27,434 | ||||
50,000 | CA St Enterprise Dev Auth Student Hsg Rev M@College Proj, Ser A | 5.00% | 08/01/24 | 56,706 | ||||
205,000 | CA St Hlth Facs Fing Auth Rev Adventist Hlth Sys West, Ser A | 5.00% | 03/01/23 | 222,758 | ||||
405,000 | CA St Hlth Facs Fing Auth Rev Adventist Hlth Sys West, Ser A | 4.00% | 03/01/33 | 424,830 | ||||
385,000 | CA St Hlth Facs Fing Auth Rev El Camino Hosp | 5.00% | 02/01/33 | 462,090 | ||||
25,000 | CA St Stwd Cmntys Dev Auth Spl Tax Rev Impt Area No. 1 | 4.00% | 09/01/22 | 26,068 | ||||
40,000 | CA St Stwd Cmntys Dev Auth Spl Tax Rev Impt Area No. 1 | 4.00% | 09/01/23 | 42,814 | ||||
50,000 | CA St Stwd Cmntys Dev Auth Spl Tax Rev Impt Area No. 1 | 4.00% | 09/01/24 | 54,722 | ||||
80,000 | CA St Stwd Cmntys Dev Auth Spl Tax Rev Impt Area No. 1 | 4.00% | 09/01/25 | 88,882 | ||||
325,000 | CA St Stwd Cmntys Dev Auth Stwd Rev Dev Auth, Ser 2021A | 4.00% | 09/02/24 | 351,758 | ||||
355,000 | CA St Stwd Cmntys Dev Auth Stwd Rev Dev Auth, Ser 2021A | 4.00% | 09/02/25 | 388,769 | ||||
215,000 | Cathedral City CA Redev Agy Successor Agy Tax Allocation Rev Ref Sub Hsg Merged Redev Proj Area, Ser C | 4.00% | 08/01/23 | 231,067 | ||||
115,000 | Folsom Ranch CA Fing Auth Spl Tax Rev White Rock Springs Ranch | 3.00% | 09/01/23 | 120,452 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
California (Continued) | ||||||||
$100,000 | Folsom Ranch CA Fing Auth Spl Tax Rev White Rock Springs Ranch | 4.00% | 09/01/26 | $111,908 | ||||
160,000 | Golden St Tobacco Securitization Corp CA Tobacco Settlement Enhanced Asset Bkd, Ser A | 5.00% | 06/01/30 | 174,586 | ||||
400,000 | Long Beach CA Bond Fin Auth Nat Gas Purchase Rev, Ser A | 5.25% | 11/15/22 | 430,665 | ||||
200,000 | Los Angeles CA Dept of Arpts Arpt Rev Sub, Ser A, AMT | 4.00% | 05/15/36 | 223,527 | ||||
105,000 | Rancho Cordova CA Cmnty Facs Dist Spl Tax Rev Grantline 208 Cmnty Fac Dt #2018-1 | 3.00% | 09/01/21 | 105,820 | ||||
85,000 | Rancho Cordova CA Cmnty Facs Dist Spl Tax Rev Grantline 208 Cmnty Fac Dt #2018-1 | 3.00% | 09/01/23 | 89,070 | ||||
90,000 | Rancho Cordova CA Cmnty Facs Dist Spl Tax Rev Grantline 208 Cmnty Fac Dt #2018-1 | 3.00% | 09/01/24 | 95,782 | ||||
365,000 | Rio Vista CA Pub Fing Auth Spl Tax Rev Ref | 5.00% | 09/01/24 | 417,017 | ||||
630,000 | River Islands CA Pub Fing Auth Spl Tax Ref Cmnty Facs Dist #2003-1 | 5.00% | 09/01/27 | 672,898 | ||||
195,000 | Riverside CA Unif Sch Dist Cmnty Facs Dt #33 Citrus Heights II Spl Tax | 3.00% | 09/01/24 | 206,148 | ||||
240,000 | Roseville CA Fin Auth Spl Tax Rev Ref, Ser A | 5.00% | 09/01/25 | 287,765 | ||||
60,000 | Roseville CA Spl Tax Svsp Westpark Federico Cmnty Facs Dt No. 1 | 3.00% | 09/01/24 | 63,126 | ||||
70,000 | Roseville CA Spl Tax Svsp Westpark Federico Cmnty Facs Dt No. 1 | 3.00% | 09/01/25 | 74,081 | ||||
85,000 | Roseville CA Spl Tax Svsp Westpark Federico Cmnty Facs Dt No. 1 | 4.00% | 09/01/26 | 94,703 | ||||
100,000 | San Diego Cnty CA Regl Arpt Auth Subordinate Ref, Ser A | 5.00% | 07/01/24 | 114,801 | ||||
140,000 | San Francisco CA City & Cnty Arpts Commn Intl Arpt Rev Ref 2nd Ser, Ser A | 4.00% | 05/01/26 | 163,956 | ||||
125,000 | Tobacco Securitization Auth Sthrn CA Tobacco Settlement Rev Ref San Diego Co Asset Securitization Corp Class 1, Ser A | 5.00% | 06/01/25 | 147,440 | ||||
6,147,012 | ||||||||
Colorado – 1.5% | ||||||||
500,000 | CO St Eductnl & Cultural Facs Auth Rev Ref & Impt Chrt Sch Univ Lab Bldg Corp | 5.00% | 12/15/28 | 561,022 | ||||
110,000 | CO St Eductnl & Cultural Facs Auth Rev Ref Chrt Sch Stargate Chrt Sch Proj, Ser A | 5.00% | 12/01/25 | 131,062 | ||||
100,000 | CO St Eductnl & Cultural Facs Auth Rev Ref N Star Academy Chrt Sch Proj | 4.00% | 11/01/23 | 108,819 | ||||
130,000 | CO St Hlth Facs Auth Hosp Rev Ref Commonspirit Hlth, Ser B-1 (Mandatory put 08/01/25) | 5.00% | 08/01/49 | 151,294 | ||||
80,000 | CO St Hlth Facs Auth Rev Ref Parkview Med Cntr, Ser A | 3.25% | 09/01/25 | 88,393 | ||||
190,000 | CO St Hlth Facs Auth Rev Ref Parkview Med Cntr, Ser B | 5.00% | 09/01/28 | 221,067 | ||||
100,000 | Colorado Springs CO Pikes Peak Americas Mountain Enterprise Pikes Peak | 5.00% | 12/01/21 | 102,728 | ||||
125,000 | Crystal Vly CO Met Dist #2 Ref, Ser A, AGM | 5.00% | 12/01/23 | 139,838 | ||||
105,000 | Park Creek CO Met Dist Rev Ref Sr Ltd Property Tax Supported, Ser A | 5.00% | 12/01/34 | 122,678 | ||||
1,626,901 | ||||||||
Connecticut – 3.3% | ||||||||
100,000 | CT St | 5.00% | 08/01/31 | 117,214 | ||||
50,000 | CT St Hlth & Eductnl Facs Auth Rev Hartford Healthcare, Ser E | 5.00% | 07/01/25 | 57,043 | ||||
170,000 | CT St Hlth & Eductnl Facs Auth Rev Ref | 5.00% | 07/01/29 | 197,704 | ||||
650,000 | CT St Hlth & Eductnl Facs Auth Rev Temps 50 Mclean Issue, Ser B-2 (a) | 2.75% | 01/01/26 | 656,814 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Connecticut (Continued) | ||||||||
$50,000 | CT St Spl Tax Oblig Rev Ref Transprtn Infrastructure, Ser B | 5.00% | 08/01/27 | $59,179 | ||||
165,000 | CT St Spl Tax Oblig Rev Transptrn Infrastructure, Ser A | 5.00% | 09/01/33 | 187,754 | ||||
130,000 | CT St, Ser E | 5.00% | 09/15/25 | 155,824 | ||||
100,000 | CT St, Ser F | 2.00% | 11/15/21 | 100,997 | ||||
315,000 | Hamden CT Ref, Ser A, BAM | 5.00% | 08/01/23 | 347,401 | ||||
145,000 | Hamden CT Ref, Ser A, BAM | 5.00% | 08/01/24 | 165,807 | ||||
200,000 | Hamden CT Ref, Ser A, BAM | 5.00% | 08/01/25 | 235,702 | ||||
970,000 | Univ of CT CT, Ser A | 5.00% | 11/01/26 | 1,194,614 | ||||
25,000 | Univ of CT CT, Ser A | 5.00% | 11/01/35 | 31,406 | ||||
3,507,459 | ||||||||
Florida – 8.0% | ||||||||
250,000 | Berry Bay Cdd FL Spl Assmt Rev Assmt Area 1 | 2.63% | 05/01/26 | 251,972 | ||||
250,000 | Citizens Property Insurance Corp FL, Ser A1 | 5.00% | 06/01/22 | 257,040 | ||||
550,000 | FL St Brd of Governors FL Intl Univ Dorm Rev Ref, Ser A, BAM | 5.00% | 07/01/27 | 685,584 | ||||
110,000 | FL St Dev Fin Corp Eductnl Facs Rev River City Science Academy Projs, Ser A | 4.00% | 07/01/24 | 119,699 | ||||
330,000 | FL St Dev Fin Corp Eductnl Facs Rev River City Science Academy Projs, Ser A | 4.00% | 07/01/25 | 365,809 | ||||
155,000 | FL St Dev Fin Corp Eductnl Facs Rev River City Science Academy Projs, Ser A | 4.00% | 07/01/26 | 174,628 | ||||
150,000 | FL St Dev Fin Corp Eductnl Facs Rev River City Science Academy Projs, Ser A | 4.00% | 07/01/28 | 172,880 | ||||
245,000 | Gulfstream Polo Cmnty Dev Dist FL Spl Assmnt Phase 2 Proj | 3.00% | 11/01/24 | 249,838 | ||||
500,000 | Hills Minneola Cmnty Dev Dist FL Spl Assmnt Rev South Parcel Assmnt Area (a) | 3.00% | 05/01/25 | 509,408 | ||||
450,000 | Hollywood Beach FL Cmnty Dev Dist Rev Cdd Ref Pub Pkg Fac Proj, Ser I | 5.00% | 10/01/23 | 498,867 | ||||
475,000 | Hollywood Beach FL Cmnty Dev Dist Rev Cdd Ref Pub Pkg Fac Proj, Ser I | 5.00% | 10/01/24 | 545,410 | ||||
210,000 | Jea FL Elec Sys Rev Sub, Ser B | 5.00% | 10/01/22 | 224,292 | ||||
100,000 | Lakeland FL Hosp Sys Rev Lakeland Regl Hlth | 5.00% | 11/15/33 | 113,338 | ||||
230,000 | Lakes of Sarasota Cdd FL Impt Rev Phase 1 Proj, Ser A-1 | 2.75% | 05/01/26 | 231,271 | ||||
170,000 | Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Ref Country Club East Proj, AGM | 5.00% | 05/01/25 | 198,643 | ||||
635,000 | Miami-Dade Cnty FL Aviation Rev Ref, Ser A, AMT | 5.00% | 10/01/38 | 738,666 | ||||
500,000 | Mirada Ii Cmnty Dev Dist FL Cap Impt Rev | 2.50% | 05/01/26 | 502,626 | ||||
25,000 | Orange Cnty FL Hlth Facs Auth Rev Ref Presbyterian Retmnt Cmntys | 5.00% | 08/01/31 | 27,630 | ||||
220,000 | Parkway Ctr FL Cdd Spl Assmnt Rev Ref Assmt Area, Ser 1 | 3.50% | 05/01/21 | 220,000 | ||||
230,000 | Parkway Ctr FL Cdd Spl Assmnt Rev Ref Assmt Area, Ser 1 | 3.50% | 05/01/22 | 234,145 | ||||
160,000 | Rhodine Road North CDD FL Spl Assmnt | 3.50% | 05/01/24 | 163,706 | ||||
385,000 | Sarasota National FL Cdd Spl Assmnt Ref | 3.00% | 05/01/23 | 397,134 | ||||
375,000 | Sarasota National FL Cdd Spl Assmnt Ref | 3.00% | 05/01/24 | 389,830 | ||||
240,000 | Sarasota National FL Cdd Spl Assmnt Ref | 3.00% | 05/01/25 | 250,196 | ||||
250,000 | Shingle Creek at Bronson Cdd FL Spl Assmnt | 2.50% | 06/15/26 | 251,361 | ||||
350,000 | Six Mile Creek FL Cdd Capital Impt Rev Assmnt Area 3 Phase 1 | 2.50% | 05/01/26 | 350,939 | ||||
30,000 | Tampa FL Capital Impt Cigarette Tax Allocation H Lee Moffitt Cancer Ctr Proj, Ser A | 5.00% | 09/01/24 | 34,554 | ||||
375,000 | V Dana Cdd FL Spl Assmnt Cdd Assmnt Area One 2021 Proj | 2.60% | 05/01/26 | 377,269 | ||||
50,000 | Vlg FL CDD #6 Spl Assmnt Rev Ref | 4.00% | 05/01/25 | 55,521 | ||||
8,592,256 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Georgia – 3.1% | ||||||||
$100,000 | Burke Cnty GA Dev Auth Poll Control Rev Var GA Pwr Co Plant Vogtle Proj Remk (Mandatory put 06/13/24) | 2.15% | 10/01/32 | $105,168 | ||||
155,000 | Fulton Cnty GA Rsdl Care Facs Elderly Auth Retmnt Fac Rev Ref Lenbrook Sq Fdtn Inc | 4.00% | 07/01/22 | 158,781 | ||||
175,000 | Gainesville & Hall Cnty GA Hosp Auth Ref Northeast GA Hlth System Inc Proj, Ser A | 5.00% | 02/15/24 | 197,438 | ||||
190,000 | Glynn Brunswick GA Memorial Hosp Auth Ref Antic Ctfs Southeast GA Hlth | 5.00% | 08/01/23 | 208,869 | ||||
715,000 | Madison Cnty GA Sch Dist Ref Capital Impt Proj, COPS | 4.00% | 05/01/25 | 808,585 | ||||
95,000 | Main Street Nat Gas Inc GA Gas Rev, Ser A | 5.50% | 09/15/23 | 106,370 | ||||
830,000 | Main Street Nat Gas Inc GA Gas Rev, Ser B | 5.00% | 03/15/22 | 863,559 | ||||
240,000 | Main Street Nat Gas Inc GA Gas Sply Rev, Ser A | 5.00% | 05/15/25 | 280,257 | ||||
500,000 | Main Street Nat Gas Inc GA Gas Sply Rev, Ser C | 5.00% | 09/01/26 | 607,182 | ||||
3,336,209 | ||||||||
Hawaii – 0.1% | ||||||||
100,000 | Honolulu City & Cnty HI Wstwtr Sys Rev Ref Sr First Bd Resolution, Ser B | 4.00% | 07/01/32 | 111,958 | ||||
Illinois – 7.8% | ||||||||
135,000 | Chicago IL Brd of Edu Cap Apprec Sch Reform, Ser B-1, NATL-RE | (c) | 12/01/22 | 133,311 | ||||
175,000 | Chicago IL Brd of Edu Green Bond, Ser E | 5.13% | 12/01/32 | 194,671 | ||||
1,000,000 | Chicago IL Brd of Edu Ref, Ser A | 4.00% | 12/01/21 | 1,020,898 | ||||
400,000 | Chicago IL Brd of Edu Ref, Ser C | 5.00% | 12/01/22 | 426,486 | ||||
50,000 | Chicago IL Ref Proj, Ser A | 5.00% | 01/01/27 | 54,790 | ||||
200,000 | Chicago IL Ref, 2003B Remk | 5.00% | 01/01/26 | 227,035 | ||||
100,000 | Chicago IL Ref, 2003B Remk | 5.13% | 01/01/27 | 113,544 | ||||
25,000 | Chicago IL Ref, Ser C | 5.00% | 01/01/26 | 29,178 | ||||
65,000 | Chicago IL Ref, Ser C, CABS | (c) | 01/01/25 | 60,720 | ||||
500,000 | Chicago IL Wstwtr Transmission Rev Ref Second Lien Remk, Ser C | 5.00% | 01/01/27 | 579,083 | ||||
100,000 | Chicago IL Wstwtr Transmission Rev Ref Second Lien, Ser B | 5.00% | 01/01/24 | 110,994 | ||||
100,000 | Chicago IL, Ser A | 5.00% | 01/01/26 | 113,529 | ||||
160,000 | Hillside IL Tax Incr Rev Ref | 5.00% | 01/01/24 | 165,915 | ||||
250,000 | IL St | 5.00% | 03/01/22 | 259,514 | ||||
395,000 | IL St | 5.00% | 05/01/23 | 430,017 | ||||
105,000 | IL St | 5.00% | 05/01/24 | 118,410 | ||||
85,000 | IL St | 4.00% | 01/01/31 | 93,352 | ||||
195,000 | IL St Fin Auth Hlth Svcs Facs Lease Rev Univ Of IL Hlth Svcs Facility Proj | 5.00% | 10/01/24 | 223,051 | ||||
50,000 | IL St Ref | 5.00% | 08/01/21 | 50,563 | ||||
85,000 | IL St Ref | 4.00% | 08/01/25 | 88,461 | ||||
70,000 | IL St, Ser A | 5.25% | 05/01/22 | 73,360 | ||||
100,000 | IL St, Ser A | 4.00% | 01/01/24 | 102,210 | ||||
15,000 | IL St, Ser A | 4.00% | 01/01/25 | 15,334 | ||||
700,000 | IL St, Ser C | 5.00% | 11/01/29 | 834,295 | ||||
280,000 | IL St, Ser D | 5.00% | 11/01/23 | 309,468 | ||||
370,000 | IL St, Ser D | 5.00% | 11/01/24 | 421,207 | ||||
700,000 | Macon Cnty IL Sch Dist #61, AGM | 4.00% | 12/01/25 | 793,469 | ||||
75,000 | Railsplitter IL Tobacco Settlement Auth | 5.25% | 06/01/21 | 75,277 | ||||
145,000 | Springfield IL Elec Rev Ref Sr Lien | 5.00% | 03/01/27 | 169,024 | ||||
570,000 | Springfield IL Elec Rev Ref Sr Lien | 5.00% | 03/01/31 | 661,150 | ||||
365,000 | Univ Of IL IL Rev Ref Auxiliary Facs Sys, Ser A | 5.00% | 04/01/22 | 379,934 | ||||
8,328,250 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Indiana – 2.7% | ||||||||
$1,010,000 | Brownsburg IN 1999 Sch Bldg Corp, BANS (a) | 1.50% | 05/13/22 | $1,014,958 | ||||
125,000 | IN Bond Bank Rev Hamilton Co Projs, CABS | (c) | 01/15/26 | 120,174 | ||||
215,000 | IN St Bond Bank Spl Program Gas Rev, Ser A | 5.25% | 10/15/21 | 219,674 | ||||
675,000 | Indianapolis IN Loc Pub Impt Bond Bank Ref Cityway 1 Proj, Ser B | 5.00% | 02/01/35 | 750,210 | ||||
100,000 | La Porte IN Wtrwks Rev, AGM | 4.00% | 01/01/24 | 108,342 | ||||
105,000 | La Porte IN Wtrwks Rev, AGM | 4.00% | 07/01/24 | 115,220 | ||||
545,000 | Merrillville IN Conservancy Dist | 3.00% | 01/15/23 | 568,090 | ||||
2,896,668 | ||||||||
Iowa – 0.2% | ||||||||
215,000 | Tobacco Settlement Auth IA Tobacco Settlement Rev Asset Bkd, Ser C | 5.63% | 06/01/46 | 215,066 | ||||
Kentucky – 2.4% | ||||||||
240,000 | KY St Econ Dev Fin Auth Hlth Sys Rev Norton Healthcare Inc, Ser B, NATL-RE | (c) | 10/01/25 | 225,017 | ||||
250,000 | KY St Econ Dev Fin Auth Ref Hosp Rev Owensboro Hlth Inc Oblig Grp, Ser B | 5.00% | 06/01/21 | 250,711 | ||||
20,000 | KY St Econ Dev Fin Auth Ref Owensboro Hlth, Ser A | 5.00% | 06/01/25 | 22,646 | ||||
355,000 | KY St Hgr Edu Student Loan Corp Sr, Ser A, AMT | 5.00% | 06/01/26 | 416,576 | ||||
255,000 | KY St Pub Energy Auth Gas Sply Rev Gas Sply, Ser B (Mandatory put 01/01/25) | 4.00% | 01/01/49 | 284,450 | ||||
350,000 | KY St Pub Energy Auth Gas Sply Rev Gas Sply, Ser C-1 | 4.00% | 12/01/21 | 357,476 | ||||
75,000 | KY St Pub Energy Auth Gas Sply Rev, Ser A (Mandatory put 06/01/26) | 4.00% | 12/01/50 | 86,653 | ||||
105,000 | KY St Pub Energy Auth Gas Sply Rev, Ser A-1 (Mandatory put 06/01/25) | 4.00% | 12/01/49 | 118,499 | ||||
210,000 | Paducah KY Elec Plant Brd Rev Ref, Ser A, AGM | 5.00% | 10/01/34 | 255,710 | ||||
450,000 | Univ of Louisville KY Ref, Ser A | 5.00% | 03/01/27 | 537,230 | ||||
2,554,968 | ||||||||
Louisiana – 2.5% | ||||||||
20,000 | New Orleans LA Aviation Brd Gen Arpt N Term, Ser B, AMT | 5.00% | 01/01/28 | 24,338 | ||||
455,000 | New Orleans LA Aviation Brd, Ser B, AMT | 5.00% | 01/01/31 | 520,913 | ||||
100,000 | New Orleans LA Aviation Brd, Ser B, AMT, AGM | 5.00% | 01/01/32 | 114,253 | ||||
150,000 | New Orleans LA Wtr Rev Wtr Rev | 5.00% | 12/01/26 | 179,623 | ||||
350,000 | New Orleans LA Wtr Rev Wtr Rev | 5.00% | 12/01/28 | 416,635 | ||||
500,000 | Saint John the Baptist Parish LA Rev Var Ref Marathon Oil Corp Proj Remk, Subser 2017B-1 (Mandatory put 07/01/24) | 2.13% | 06/01/37 | 516,178 | ||||
550,000 | Saint John the Baptist Parish LA Rev Var Ref Marathon Oil Corp Proj Remk, Subser 2017B-2 (Mandatory put 07/01/26) | 2.38% | 06/01/37 | 576,032 | ||||
250,000 | Shreveport LA Wtr & Swr Rev Junior Lien, Ser C, BAM | 5.00% | 12/01/24 | 289,907 | ||||
2,637,879 | ||||||||
Maryland – 0.7% | ||||||||
115,000 | Harford Cnty MD Spl Oblg Ref Beechtree Estates Proj | 4.00% | 07/01/23 | 124,199 | ||||
300,000 | Harford Cnty MD Spl Oblg Ref Beechtree Estates Proj | 4.00% | 07/01/24 | 334,173 | ||||
150,000 | Howard Cnty MD Ref Consol Pub Impt, Ser B | 5.00% | 02/15/24 | 170,038 | ||||
100,000 | Maryland St Hlth & Hgr Eductnl Facs Auth Rev Ref Stevenson Univ Proj, Ser A | 5.00% | 06/01/28 | 123,599 | ||||
752,009 | ||||||||
Massachusetts – 1.9% | ||||||||
350,000 | MA St Clg Bldg Auth, Ser A | 5.00% | 05/01/28 | 383,967 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Massachusetts (Continued) | ||||||||
$100,000 | MA St Dev Fin Agy Rev Ref Milford Regl Med Ctr, Ser G (a) | 5.00% | 07/15/21 | $100,728 | ||||
200,000 | MA St Dev Fin Agy Rev Umass Darthmouth Student Hsg Proj | 5.00% | 10/01/21 | 202,217 | ||||
575,000 | MA St Eductnl Fing Auth Sr, Ser B, AMT | 5.00% | 07/01/24 | 656,193 | ||||
500,000 | MA St Eductnl Fing Auth Sr, Ser B, AMT | 5.00% | 07/01/25 | 585,718 | ||||
125,000 | MA St Eductnl Fing Auth, Ser A, AMT | 5.00% | 01/01/26 | 143,423 | ||||
2,072,246 | ||||||||
Michigan – 3.3% | ||||||||
70,000 | Detroit MI Downtown Dev Auth Tax Incr Rev Ref Catalyst Dev Proj, Ser A, AGM | 5.00% | 07/01/30 | 79,083 | ||||
100,000 | Great Lakes MI Wtr Auth Wtr Sply Sys Rev Sr Lien Bond, Ser A | 5.00% | 07/01/25 | 118,542 | ||||
575,000 | Kalamazoo MI Econ Dev Corp Heritage Cmnty of Kalamazoo Revel Creek Proj Temps 60, Ser B2 | 2.63% | 05/15/25 | 577,006 | ||||
110,000 | MI St Fin Auth Rev Ref Ascension Sr Credit Grp Remk, Ser E-1 (Mandatory put 08/15/24) | 4.00% | 11/15/44 | 122,992 | ||||
300,000 | MI St Fin Auth Rev Ref Beaumont Hlth Credit Grp | 5.00% | 08/01/28 | 343,572 | ||||
55,000 | MI St Fin Auth Rev Ref Henry Ford Hlth Sys | 4.00% | 11/15/36 | 62,330 | ||||
100,000 | MI St Fin Auth Rev Ref Hosp Beaumont Hlth Credit Grp | 5.00% | 11/01/21 | 102,343 | ||||
135,000 | MI St Fin Auth Rev Ref Loc Govt Loan Prog Great Lakes Wtr Auth, Ser D2, AGM | 5.00% | 07/01/24 | 154,338 | ||||
150,000 | MI St Fin Auth Rev Ref Loc Govt Loan Program Great Lakes Wtr Auth, Ser D-1, AGM | 5.00% | 07/01/28 | 176,997 | ||||
935,000 | MI St Fin Auth Rev Ref Loc Govt Loan Program Great Lakes Wtr Auth, Ser D2, AGM | 5.00% | 07/01/28 | 1,067,660 | ||||
250,000 | MI St Fin Auth Rev Sr Lien Great Lakes Wtr Auth, Ser C-3, AGM | 5.00% | 07/01/27 | 285,640 | ||||
90,000 | MI St Hosp Fin Auth Ref Mclaren Healthcare, Ser A | 5.00% | 06/01/24 | 94,634 | ||||
270,000 | Wayne Cnty MI Arpt Auth Rev Detroit Met Wayne Cnty Arpt, Ser C, AMT | 5.00% | 12/01/30 | 308,549 | ||||
3,493,686 | ||||||||
Missouri – 1.7% | ||||||||
200,000 | Jackson Cnty MO Spl Oblg Rirr Right of Way Proj | 4.00% | 12/01/27 | 231,115 | ||||
140,000 | MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Bethesda Hlth Grp Inc Ref | 3.00% | 08/01/23 | 146,856 | ||||
305,000 | MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Bethesda Hlth Grp Inc Ref | 4.00% | 08/01/25 | 341,634 | ||||
350,000 | MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Ref Saint Lukes Hlth Sys Inc | 4.00% | 11/15/33 | 395,885 | ||||
160,000 | MO St Hlth & Eductnl Facs Auth Lutheran Sr Svcs | 5.00% | 02/01/23 | 171,136 | ||||
500,000 | Saint Louis MO Gen Fnd Rev Trans | 2.00% | 06/01/21 | 500,735 | ||||
1,787,361 | ||||||||
Montana – 0.5% | ||||||||
240,000 | Forsyth MT Poll Control Rev Ref Puget Sound Energy Proj, Ser A (Mandatory put 03/01/23) | 3.90% | 03/01/31 | 250,527 | ||||
150,000 | MT St Fac Fin Auth Hlth Care Facs Rev MT Children’s Home and Hosp Proj, Ser A | 4.00% | 07/01/24 | 161,528 | ||||
155,000 | MT St Fac Fin Auth Hlth Care Facs Rev MT Children’s Home and Hosp Proj, Ser A | 4.00% | 07/01/25 | 169,383 | ||||
581,438 | ||||||||
Nebraska – 1.2% | ||||||||
420,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj #3 | 5.00% | 09/01/22 | 446,072 | ||||
150,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj #3 | 5.25% | 09/01/37 | 159,935 | ||||
70,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj No. 4 | 5.00% | 01/01/24 | 78,544 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Nebraska (Continued) | ||||||||
$175,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj No. 4 (Mandatory put 01/01/24) | 5.00% | 03/01/50 | $194,811 | ||||
330,000 | Centrl Plains Energy Proj NE Gas Proj Rev Ref Proj #3, Ser A | 5.00% | 09/01/26 | 397,629 | ||||
1,276,991 | ||||||||
Nevada – 1.9% | ||||||||
500,000 | Clark Cnty NV Sch Dist Ref Bldg, Ser A, BAM | 5.00% | 06/15/30 | 617,094 | ||||
410,000 | Las Vegas NV Redev Agy Tax Incr Rev Ref | 4.00% | 06/15/21 | 411,544 | ||||
330,000 | Las Vegas NV Spl Impt Dist #808 & #810 Ref | 5.00% | 06/01/28 | 360,842 | ||||
125,000 | Reno NV Capital Impt Rev Ref, Ser A-1, AGM | 5.00% | 06/01/25 | 146,388 | ||||
500,000 | Yerington NV USDA Interim Debs | 1.63% | 11/01/23 | 505,602 | ||||
2,041,470 | ||||||||
New Hampshire – 0.2% | ||||||||
220,000 | National Fin Auth NH Sr Living Rev Ref Springpoint Sr Living | 4.00% | 01/01/24 | 238,722 | ||||
New Jersey – 5.9% | ||||||||
1,100,000 | Middlesex Cnty NJ Ref Civic Square IV Redev, COPS | 5.00% | 10/15/31 | 1,292,581 | ||||
1,500,000 | Newark NJ Prom Nts | 3.50% | 07/27/21 | 1,511,218 | ||||
1,000,000 | NJ St Covid-19 Go Emergency Bonds, Ser A | 5.00% | 06/01/25 | 1,181,265 | ||||
110,000 | NJ St Econ Dev Auth Rev Ref Sch Facs Constr, Ser PP | 3.50% | 06/15/27 | 117,908 | ||||
35,000 | NJ St Econ Dev Auth Rev Ref Sch Facs Constr, Ser PP | 5.00% | 06/15/27 | 39,765 | ||||
415,000 | NJ St Econ Dev Auth Rev Ref Sch Facs Construction, Ser NN | 5.00% | 03/01/29 | 447,990 | ||||
265,000 | NJ St Econ Dev Auth Rev Ref Sch Facs Construction, Ser PP, AGM | 5.00% | 06/15/25 | 303,682 | ||||
95,000 | NJ St Econ Dev Auth Rev, Ser WW | 5.00% | 06/15/34 | 108,712 | ||||
50,000 | NJ St Transprtn Trust Fund Auth Cap Apprec Transprtn Sys, Ser C, AMBAC | (c) | 12/15/25 | 47,991 | ||||
135,000 | NJ St Transprtn Trust Fund Auth Fed Hwy Reimbursement Nts, Ser A-1, GARVEE | 5.00% | 06/15/27 | 162,951 | ||||
45,000 | NJ St Transprtn Trust Fund Auth Ref Fed Highway Reimbursement Nts, Ser A, GARVEE | 5.00% | 06/15/21 | 45,250 | ||||
310,000 | NJ St Transprtn Trust Fund Auth Sys Remk, Ser C | 5.25% | 06/15/32 | 357,798 | ||||
260,000 | NJ St Transprtn Trust Fund Auth Transprtn Program, Ser AA | 5.00% | 06/15/22 | 273,728 | ||||
160,000 | NJ St Transprtn Trust Fund Auth Transprtn Program, Ser AA | 5.00% | 06/15/25 | 182,283 | ||||
150,000 | NJ St Transprtn Trust Fund Auth Transprtn Sys, Ser A | 5.00% | 06/15/22 | 150,831 | ||||
60,000 | NJ St Turnpike Auth, Ser E | 5.00% | 01/01/31 | 69,254 | ||||
6,293,207 | ||||||||
New York – 6.0% | ||||||||
785,000 | Met Transprtn Auth NY Rev Transprtn, Subser C-2, BANS | 5.00% | 09/01/21 | 797,101 | ||||
750,000 | Met Transprtn Auth NY Rev, Ser A-2S, BANS | 4.00% | 02/01/22 | 770,421 | ||||
305,000 | Met Transprtn Auth NY Rev, Ser D-1, BANS | 5.00% | 09/01/22 | 324,024 | ||||
1,000,000 | NY NY Adj Fiscal 2020, Subser B-3 (b) | 0.21% | 10/01/46 | 1,000,000 | ||||
125,000 | NY NY, Ser G | 4.00% | 08/01/29 | 137,329 | ||||
460,000 | NY NY, Ser J | 5.00% | 08/01/21 | 465,456 | ||||
250,000 | NY NY, Subser F-1 | 5.00% | 03/01/27 | 271,320 | ||||
255,000 | NY St Dorm Auth St Personal Income Tax Rev, Ser B | 5.00% | 03/15/30 | 265,492 | ||||
200,000 | NY St Transprtn Dev Corpspl Fac Rev Rev Ref Terminal 4 JFK Intl Arpt Proj, Ser C | 5.00% | 12/01/24 | 231,771 | ||||
125,000 | NY St Transprtn Dev Corpspl Fac Rev Rev Ref Terminal 4 JFK Intl Arpt Proj, Ser C | 5.00% | 12/01/25 | 149,245 | ||||
15,000 | Port Auth of NY & NJ NY Consol One Hundred Eighty Fifth Ref, AMT | 5.00% | 09/01/23 | 16,634 | ||||
855,000 | Port Auth of NY & NJ NY Ref, Ser 223, AMT | 5.00% | 07/15/25 | 1,010,910 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
New York (Continued) | ||||||||
$1,000,000 | Suffolk Cnty NY, Ser I, TANS | 2.00% | 07/22/21 | $1,003,924 | ||||
6,443,627 | ||||||||
North Carolina – 0.2% | ||||||||
190,000 | NC St Capital Facs Fin Agy Eductnl Facs Rev Ref High Point Univ | 4.00% | 05/01/24 | 209,732 | ||||
North Dakota – 1.8% | ||||||||
500,000 | Horace ND Ref & Impt, Ser A | 1.90% | 08/01/22 | 500,231 | ||||
1,000,000 | Larimore ND Loan Anticipation Temp Impt Bonds | 0.85% | 05/01/24 | 1,001,002 | ||||
460,000 | Williston ND Cnty Wide Pub Safety Sales Tax Rev Ref, Ser A | 5.00% | 07/15/22 | 482,062 | ||||
1,983,295 | ||||||||
Ohio – 0.6% | ||||||||
75,000 | NE OH Med Univ Gen Recpts Ref, Ser A | 5.00% | 12/01/24 | 85,480 | ||||
500,000 | OH St Air Quality Dev Auth Ref American Elec Pwr Company Proj Remk, Ser B, AMT (Mandatory put 10/01/24) | 2.10% | 07/01/28 | 523,440 | ||||
608,920 | ||||||||
Oklahoma – 1.2% | ||||||||
750,000 | OK St Dev Fin Auth Gilcrease Expressway West Proj P3 Proj, AMT | 1.63% | 07/06/23 | 754,062 | ||||
495,000 | Oklahoma City OK Arpt Trust Junior Lien, AMT | 5.00% | 07/01/22 | 520,159 | ||||
1,274,221 | ||||||||
Oregon – 0.6% | ||||||||
500,000 | Clackamas Cnty OR Hosp Fac Auth Rev Ref Temps 50 Rose Villa Proj, Ser B2 | 2.75% | 11/15/25 | 503,289 | ||||
130,000 | Port of Portland OR Arpt Rev, Ser 24B, AMT | 5.00% | 07/01/33 | 155,198 | ||||
658,487 | ||||||||
Pennsylvania – 7.0% | ||||||||
280,000 | Cumberland Cnty PA Muni Auth Ref Messiah Vlg Proj | 4.00% | 07/01/22 | 286,960 | ||||
295,000 | Cumberland Cnty PA Muni Auth Ref Messiah Vlg Proj | 5.00% | 07/01/23 | 314,306 | ||||
90,000 | E Hempfield Twp PA Indl Dev Auth Ref Willow Vly Cmntys Proj | 5.00% | 12/01/24 | 103,364 | ||||
390,000 | E Hempfield Twp PA Indl Dev Auth Ref Willow Vly Cmntys Proj | 5.00% | 12/01/28 | 456,007 | ||||
140,000 | E Hempfield Twp PA Indl Dev Auth Ref Willow Vly Cmntys Proj | 5.00% | 12/01/30 | 162,272 | ||||
50,000 | Erie PA Hgr Edu Bldg Auth Aicup Fing Prog Gannon Uni Proj Ref, Ser TT1 | 5.00% | 05/01/24 | 55,788 | ||||
75,000 | Erie PA Hgr Edu Bldg Auth Aicup Fing Prog Gannon Uni Proj Ref, Ser TT1 | 5.00% | 05/01/25 | 86,008 | ||||
75,000 | Erie PA Hgr Edu Bldg Auth Aicup Fing Prog Gannon Uni Proj Ref, Ser TT1 | 5.00% | 05/01/26 | 87,963 | ||||
500,000 | Lancaster PA Ref, BAM | 5.00% | 05/01/25 | 586,616 | ||||
80,000 | Latrobe PA Indl Dev Auth Univ Rev Ref Seton Hill Univ | 5.00% | 03/01/24 | 88,454 | ||||
150,000 | Latrobe PA Indl Dev Auth Univ Rev Ref Seton Hill Univ | 5.00% | 03/01/25 | 170,275 | ||||
255,000 | Lehigh Cnty PA Gen Purpose Auth Revs Ref Lehigh Carbon Cmnty Clg, Ser 2016, BAM | 5.00% | 11/01/26 | 311,737 | ||||
245,000 | Monroeville PA Fin Auth Upmc Rev | 5.00% | 02/15/30 | 260,064 | ||||
100,000 | Montgomery Cnty PA Indl Dev Auth Acts Retmnt Life Cmntys Ref | 5.00% | 11/15/23 | 105,046 | ||||
200,000 | Montgomery Cnty PA Indl Dev Auth Ref Meadowood Sr Living Proj, Ser A | 3.00% | 12/01/21 | 201,744 | ||||
345,000 | Montgomery Cnty PA Indl Dev Auth Ref Meadowood Sr Living Proj, Ser A | 4.00% | 12/01/22 | 358,263 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Pennsylvania (Continued) | ||||||||
$400,000 | Northampton Cnty PA Gen Purpose Auth Clg Rev Ref Moravian Clg | 5.00% | 10/01/25 | $456,560 | ||||
210,000 | Northampton Cnty PA Gen Purpose Auth Clg Rev Ref Moravian Clg | 5.00% | 10/01/27 | 243,657 | ||||
460,000 | PA St Econ Dev Fing Auth Upmc Rev Ref, Ser A | 5.00% | 11/15/29 | 576,227 | ||||
495,000 | PA St Hsg Fin Agy SF Mtge Rev Non Ace, Ser 123B | 3.45% | 10/01/32 | 533,048 | ||||
155,000 | PA St Turnpike Commn Turnpike Rev Ref Sub | 5.00% | 06/01/27 | 184,971 | ||||
100,000 | PA St Turnpike Commn Turnpike Rev Sub, Ser A | 5.00% | 12/01/21 | 102,798 | ||||
570,000 | Philadelphia PA Auth for Indl Dev Chrt Sch Rev Ref String Theory Chrt Sch Proj (a) | 5.00% | 06/15/24 | 635,630 | ||||
300,000 | Philadelphia PA Auth for Indl Dev Chrt Sch Rev Ref String Theory Chrt Sch Proj (a) | 5.00% | 06/15/25 | 343,671 | ||||
35,000 | Philadelphia PA Ref, Ser A | 5.00% | 08/01/27 | 43,958 | ||||
475,000 | Scranton PA Sch Dist Ref, Ser D | 5.00% | 06/01/27 | 558,576 | ||||
250,000 | Westmoreland Cnty PA Indl Dev Auth Hlth Sys Rev Ref Excela Hlth Proj, Ser A | 4.00% | 07/01/21 | 251,209 | ||||
7,565,172 | ||||||||
Puerto Rico – 0.8% | ||||||||
433,000 | Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, Ser A-1, CABS | (c) | 07/01/24 | 410,718 | ||||
328,000 | Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, Ser A-1, CABS | (c) | 07/01/27 | 292,649 | ||||
168,000 | Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, Ser A-1, CABS | (c) | 07/01/29 | 141,528 | ||||
844,895 | ||||||||
Rhode Island – 0.5% | ||||||||
445,000 | RI St Hlth & Eductnl Bldg Corp Pub Schs Rev Ref Providence Pub Bldg Auth, AGM | 5.00% | 05/15/28 | 520,802 | ||||
Tennessee – 2.1% | ||||||||
300,000 | Tennergy Corp TN Gas Rev, Ser A | 4.00% | 09/01/25 | 342,674 | ||||
500,000 | Tennergy Corp TN Gas Rev, Ser A | 4.00% | 03/01/26 | 576,499 | ||||
920,000 | TN St Energy Acquisition Corp Gas Rev Proj, Ser A (Mandatory put 05/01/23) | 4.00% | 05/01/48 | 982,253 | ||||
215,000 | TN St Energy Acquisition Corp Gas Rev, Ser A | 5.25% | 09/01/26 | 261,715 | ||||
100,000 | TN St Energy Acquisition Corp Gas Rev, Ser C | 5.00% | 02/01/22 | 103,457 | ||||
2,266,598 | ||||||||
Texas – 8.4% | ||||||||
175,000 | Bexar Cnty TX Hlth Facs Dev Corp Ref Army Retmnt Residence Fndtn Proj | 5.00% | 07/15/21 | 175,982 | ||||
125,000 | Bexar Cnty TX Hlth Facs Dev Corp Ref Army Retmnt Residence Fndtn Proj | 5.00% | 07/15/23 | 132,353 | ||||
505,000 | Bexar Cnty TX Rev Ref Tax Exempt Venue Proj | 4.00% | 08/15/35 | 587,661 | ||||
240,000 | Brazoria Cnty TX Ref | 5.00% | 03/01/27 | 290,476 | ||||
295,000 | Celina TX Spl Assmt Rev Ref The Lakes at Mustang Ranch Pub Impt Dt Phase #1 Proj, BAM | 4.00% | 09/01/24 | 322,150 | ||||
85,000 | Centrl TX Regl Mobility Auth Rev Ref | 5.00% | 01/01/27 | 101,352 | ||||
1,250,000 | Centrl TX Regl Mobility Auth Rev Ref | 5.00% | 01/01/46 | 1,451,042 | ||||
150,000 | Centrl TX Regl Mobility Auth Rev Sr Lien, Ser A | 5.00% | 01/01/25 | 173,784 | ||||
25,000 | Centrl TX Regl Mobility Auth Rev Sr Lien, Ser A | 5.00% | 01/01/29 | 29,053 | ||||
35,000 | Clifton TX Hgr Edu Fin Corp Edu Rev Idea Pub Sch, Ser B | 5.00% | 08/15/24 | 39,538 | ||||
150,000 | Dallas TX Ref | 5.00% | 02/15/27 | 168,698 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Texas (Continued) | ||||||||
$380,000 | Harris Cnty TX Cultural Edu Facs Fin Corp Med Facs Rev Ref Baylor Clg of Med | 5.00% | 11/15/23 | $421,312 | ||||
1,275,000 | Houston TX Arpt Sys Rev Ref United Airls Inc Terminal Improv Proj, Ser B-2, AMT | 5.00% | 07/15/27 | 1,509,616 | ||||
200,000 | Houston TX Hgr Edu Fin Corp Edu Rev Ref Harmony Pub Schs, Ser A | 5.00% | 02/15/22 | 207,531 | ||||
435,000 | Lower Colorado River TX Auth Transmission Contract Rev Ref | 5.00% | 05/15/23 | 477,104 | ||||
500,000 | Matagorda Cnty TX Nav Dist #1 Var Rev Cent Pwr & Lt Ref Remk, AMT (Mandatory put 09/01/23) | 0.90% | 05/01/30 | 502,668 | ||||
275,000 | Mclendon Chisholm TX Spl Assmnt Rev Ref Sonoma Pub Impt Dt Phase 1 Proj, BAM | 4.00% | 09/15/24 | 300,456 | ||||
200,000 | Mesquite TX Indep Sch Dist Ref, Ser A | 5.00% | 08/15/27 | 246,035 | ||||
120,000 | New Hope Cultural Ed Facs Fin Corp TX Retmnt Fac Rev Ref Wesleyan Homes Inc Proj Fin Corp | 3.00% | 01/01/24 | 119,481 | ||||
160,000 | Oak Point TX Spl Assmnt Rev Wildridge Pub Impt Dist #1 Impt Area #2 Proj Accd Inv (a) | 3.50% | 09/01/23 | 164,545 | ||||
110,000 | SA Energy Acquisition Pub Fac Corp TX Gas Sply Rev Gas Sply Rev | 5.50% | 08/01/21 | 111,400 | ||||
130,000 | SA Energy Acquisition Pub Fac Corp TX Gas Sply Rev Gas Sply Rev | 5.50% | 08/01/25 | 154,836 | ||||
50,000 | San Antonio TX Tax Nts | 5.00% | 08/01/21 | 50,598 | ||||
700,000 | TX St Muni Gas Acquisition & Sply Corp III Gas Sply Rev Ref | 5.00% | 12/15/24 | 809,532 | ||||
500,000 | TX St Pub Fin Auth Ref Sthrn Univ Fing Sys, BAM | 5.00% | 11/01/21 | 510,709 | ||||
9,057,912 | ||||||||
Utah – 0.2% | ||||||||
100,000 | UT Cnty UT Hosp Rev Ihc Hlth Svcs Inc | 5.00% | 05/15/23 | 100,150 | ||||
135,000 | UT St Chrt Sch Fin Auth Chrt Sch Rev Ref Spectrum Academy Proj | 4.00% | 04/15/24 | 147,579 | ||||
247,729 | ||||||||
Vermont – 0.4% | ||||||||
140,000 | Burlington VT, Ser B | 5.00% | 11/01/21 | 143,315 | ||||
250,000 | VT St Econ Dev Auth Mtge Rev Wake Robin Corp Proj | 5.00% | 05/01/21 | 250,000 | ||||
393,315 | ||||||||
Virginia – 0.0% | ||||||||
25,000 | Norfolk VA Redev & Hsg Auth Rev Ft Norfolk Retmnt Cmnty Harbors Edge Proj, Ser A | 4.00% | 01/01/29 | 25,920 | ||||
Washington – 1.4% | ||||||||
1,000,000 | Energy NW WA Elec Rev Ref Columbia Generating, Ser A | 5.00% | 07/01/21 | 1,007,819 | ||||
150,000 | Seattle WA Wtr Sys Rev Ref & Impt | 5.00% | 05/01/28 | 176,180 | ||||
105,000 | Tobacco Settlement Auth WA Tobacco Settlement Rev Ref | 5.00% | 06/01/23 | 115,342 | ||||
195,000 | WA St Hlth Care Facs Auth Seattle Cancer Care Alliance (a) | 5.00% | 12/01/24 | 226,580 | ||||
1,525,921 | ||||||||
West Virginia – 0.5% | ||||||||
500,000 | WV St Econ Dev Auth Sol Wst Disp Facs Var Sr Arch Resources Proj, AMT (Mandatory put 07/01/25) | 5.00% | 07/01/45 | 528,338 | ||||
Wisconsin – 3.1% | ||||||||
185,000 | Pub Fin Auth WI Eductnl Rev Piedmont Cmnty Chrt Sch | 5.00% | 06/15/25 | 211,969 | ||||
425,000 | Pub Fin Auth WI Rev Roseman Univ Of Hlth Sciences Proj (a) | 3.00% | 04/01/25 | 439,325 | ||||
1,435,000 | Tender Option Bond Trust Receipts / Ctfs Various States Floaters, Ser 2020-XF2887 (a) (b) | 0.31% | 06/15/38 | 1,435,000 |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Wisconsin (Continued) | ||||||||
$395,000 | WI St Hlth & Eductnl Facs Auth Rev Ref Ascension Hlth Credit Grp, Ser A | 5.00% | 11/15/36 | $473,591 | ||||
500,000 | WI St Hlth & Eductnl Facs Auth Rev Ref Marshfield Clinic Hlth Sys Inc, Ser B1 (Mandatory put 02/15/25) | 5.00% | 02/15/52 | 567,959 | ||||
10,000 | WI St Hlth & Eductnl Facs Auth Rev Ref Prohealth Care Oblig Grp | 5.00% | 08/15/30 | 11,252 | ||||
155,000 | WI St Hlth & Eductnl Facs Auth Rev Three Pillars Sr Living Cmntys, Ser A | 4.00% | 08/15/24 | 169,337 | ||||
3,308,433 | ||||||||
Wyoming – 0.2% | ||||||||
200,000 | Laramie Cnty WY Hosp Rev Ref Cheyenne Regl Med Ctr Proj | 4.00% | 05/01/26 | 231,866 |
Total Investments – 97.3% | 104,513,061 | |
(Cost $102,523,591) (d) | ||
Net Other Assets and Liabilities – 2.7% | 2,904,657 | |
Net Assets – 100.0% | $107,417,718 |
Futures Contracts | Position | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation (Depreciation)/ Value | |||||
U.S. Treasury Long Bonds | Short | 2 | Jun 2021 | $ 315,125 | $625 | |||||
U.S. Treasury Ultra 10-Year Notes | Short | 11 | Jun 2021 | 1,607,828 | 6,813 | |||||
Total Futures Contracts | $1,922,953 | $7,438 |
(a) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At April 30, 2021, securities noted as such amounted to $6,666,466 or 6.2% of net assets. |
(b) | Variable Rate Demand bond. Interest rate is reset periodically by the agent based on current market conditions. |
(c) | Zero coupon bond. |
(d) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of April 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $2,027,084 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $30,176. The net unrealized appreciation was $1,996,908. The unrealized amounts presented are inclusive of derivative contracts. |
AGM | Assured Guaranty Municipal Corp. |
AMBAC | American Municipal Bond Assurance Corp. |
AMT | Alternative Minimum Tax |
BAM | Build America Mutual |
BANS | Bond Anticipation Notes |
CABS | Capital Appreciation Bonds |
COPS | Certificates of Participation |
GARVEE | Grant Anticipation Revenue Vehicle |
NATL-RE | National Public Finance Guarantee Corp. |
TANS | Tax Anticipation Notes |
First Trust Short Duration Managed Municipal ETF (FSMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of April 30, 2021 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 4/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Municipal Bonds* | $ 104,513,061 | $ — | $ 104,513,061 | $ — |
Futures Contracts | 7,438 | 7,438 | — | — |
Total | $ 104,520,499 | $ 7,438 | $ 104,513,061 | $— |
* | See Portfolio of Investments for state and territory breakout. |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS – 95.5% | ||||||||
Alabama – 4.9% | ||||||||
$50,000 | Albertville AL Warrants, Ser A, BAM | 3.50% | 06/01/35 | $51,810 | ||||
35,000 | Albertville AL Warrants, Ser A, BAM | 3.75% | 06/01/41 | 36,361 | ||||
500,000 | Chatom AL Indl Dev Brd Gulf Opportunity Zone Ref Gulf Opportunity Zone Pwr South Energy Corp Proj, AGM | 5.00% | 08/01/21 | 505,386 | ||||
2,450,000 | Hlth Care Auth for Baptist Hlth AL Var Ref, Ser B (a) | 0.22% | 11/01/42 | 2,450,000 | ||||
100,000 | Huntsville AL Capital Impt Wts, Ser B | 3.00% | 05/01/22 | 100,000 | ||||
565,000 | Lower AL Gas Dist Gas Proj Rev Gas Proj Rev Bonds Proj 2 (Mandatory put 12/01/25) | 4.00% | 12/01/50 | 646,764 | ||||
1,425,000 | Mizuho Floater Residual Trust Various States Floaters Miz 9024, Ser 2020 (a) (b) | 0.36% | 12/01/48 | 1,425,000 | ||||
700,000 | Mobile AL Indl Dev Brd Sol Wst Disp Rev Var AL Pwr Barry Plant (a) | 0.06% | 06/01/34 | 700,000 | ||||
325,000 | SE AL St Gas Sply Dist Gas Sply Rev Proj #2, Ser A | 4.00% | 06/01/23 | 349,551 | ||||
260,000 | SE AL St Gas Sply Dist Gas Sply Rev Proj #2, Ser A (Mandatory put 06/01/24) | 4.00% | 06/01/49 | 286,328 | ||||
6,551,200 | ||||||||
Arizona – 2.4% | ||||||||
1,000,000 | AZ St Indl Dev Auth Rev Lincoln South Beltway Proj | 5.00% | 05/01/23 | 1,090,999 | ||||
280,000 | Maricopa Cnty AZ Indl Dev Auth Edu Rev Legacy Traditional Sch Proj | 5.00% | 07/01/22 | 293,863 | ||||
300,000 | Maricopa Cnty AZ Indl Dev Auth Edu Rev Legacy Traditional Sch Proj | 5.00% | 07/01/23 | 327,040 | ||||
500,000 | Maricopa Cnty AZ Poll Controlcorp Poll Control Rev Var Ref Pub Svc Co of NM Palo Verde Proj, Ser A (Mandatory put 06/01/22) | 1.05% | 01/01/38 | 503,673 | ||||
225,000 | Salt Verde AZ Finl Corp Sr Gas Rev Sr | 5.25% | 12/01/23 | 250,747 | ||||
750,000 | Vistancia AZ Cmnty Facs Dist Ref, BAM | 3.00% | 07/15/21 | 754,032 | ||||
3,220,354 | ||||||||
Arkansas – 0.1% | ||||||||
175,000 | Sheridan AR Sch Dist #37 Construction Bonds | 3.38% | 02/01/43 | 179,168 | ||||
California – 1.9% | ||||||||
135,000 | CA Cnty CA Tobacco Securitization Agy Tobacco Settle Ref Sr Bonds Merced Cnty Tobacco Funding Corp, Ser A | 3.00% | 06/01/21 | 135,284 | ||||
150,000 | CA Cnty CA Tobacco Securitization Agy Tobacco Settle Sr Ref, Ser A | 3.00% | 06/01/21 | 150,321 | ||||
210,000 | CA Pub Fin Auth Rev Ref Henry Mayo Newhall Hosp, Ser A | 4.00% | 10/15/21 | 213,137 | ||||
225,000 | Cathedral City CA Redev Agy Successor Agy Tax Allocation Rev Ref Sub Hsg Merged Redev Proj Area, Ser C | 4.00% | 08/01/21 | 226,832 | ||||
180,000 | Cathedral City CA Redev Agy Successor Agy Tax Allocation Rev Ref Sub Hsg Merged Redev Proj Area, Ser C | 4.00% | 08/01/22 | 187,306 | ||||
150,000 | Golden St Tobacco Securitization Corp CA Tobacco Settlement Ref Enhanced Asset Bkd, Ser A | 5.00% | 06/01/22 | 157,774 | ||||
105,000 | Golden St Tobacco Securitization Corp CA Tobacco Settlement Ref, Ser A-1 | 5.00% | 06/01/21 | 105,374 | ||||
250,000 | Golden St Tobacco Securitization Corp CA Tobacco Settlement Ref, Ser A-1 | 5.00% | 06/01/22 | 262,526 | ||||
260,000 | Long Beach CA Bond Fin Auth Nat Gas Purchase Rev, Ser A | 5.25% | 11/15/23 | 292,345 | ||||
75,000 | Los Angeles CA Dept of Arpts Arpt Rev Subordinate, Ser C, AMT | 5.00% | 05/15/21 | 75,110 | ||||
200,000 | Port of Oakland CA Ref Sr Lien, Ser P, AMT | 5.00% | 05/01/26 | 209,547 | ||||
165,000 | San Diego CA Pub Facs Fing Auth Lease Rev Capital Impt Projs, Ser A | 4.50% | 04/15/42 | 171,920 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
California (Continued) | ||||||||
$340,000 | San Francisco CA City & Cnty Arpts Commn Intl Arpt Rev Ref Second Ser, Ser F, AMT | 5.00% | 05/01/24 | $340,000 | ||||
2,527,476 | ||||||||
Colorado – 1.1% | ||||||||
200,000 | Breckenridge CO Ref, Ser B, COPS | 4.00% | 12/01/21 | 204,271 | ||||
170,000 | CO St Hlth Facs Auth Hosp Rev Ref Commonspirit Hlth, Ser B-1 (Mandatory put 08/01/25) | 5.00% | 08/01/49 | 197,846 | ||||
100,000 | Copperleaf CO Met Dist #2 Ref, BAM | 4.00% | 12/01/21 | 102,194 | ||||
65,000 | Denver City & Cnty CO Arpt Rev Sys, Ser A, AMT | 5.00% | 11/15/22 | 69,672 | ||||
45,000 | Denver City & Cnty CO Arpt Rev Sys, Ser B | 5.00% | 11/15/32 | 48,335 | ||||
200,000 | Park Creek CO Met Dist Rev Ref Sr Limited Property Tax Supported, Ser A | 5.00% | 12/01/21 | 205,243 | ||||
325,000 | Univ Northn CO Greeley Instl Enterprise Rev Ref, Ser A | 5.00% | 06/01/24 | 326,174 | ||||
100,000 | Vauxmont Met Dist CO Ref Ltd Tax Conv Unltd Sub, AGM | 5.00% | 12/15/21 | 102,761 | ||||
170,000 | Woodmen Road CO Met Dist Ref, BAM | 4.00% | 12/01/22 | 178,909 | ||||
1,435,405 | ||||||||
Connecticut – 2.8% | ||||||||
3,000,000 | Capital City CT Econ Dev Auth Pkg & Energy Fee Rev Adj, Ser B (a) | 0.14% | 06/15/34 | 3,000,000 | ||||
150,000 | CT St Hlth & Eductnl Facs Auth Rev Ref Fairfield Univ Issue, Ser T | 5.00% | 07/01/21 | 151,131 | ||||
205,000 | CT St Ref, Ser B | 5.00% | 04/15/23 | 224,325 | ||||
65,000 | CT St, Ser F | 5.00% | 11/15/21 | 66,682 | ||||
30,000 | Hamden CT, BAM | 5.00% | 08/15/23 | 33,137 | ||||
220,000 | Univ Of CT CT Ref, Ser A | 5.00% | 11/01/22 | 235,858 | ||||
100,000 | Univ Of CT CT Rev, Ser A | 4.00% | 11/15/21 | 102,041 | ||||
3,813,174 | ||||||||
District of Columbia – 0.1% | ||||||||
75,000 | District of Columbia Ref, Ser B, NATL-RE | 6.00% | 06/01/21 | 75,333 | ||||
Florida – 5.5% | ||||||||
475,000 | Citizens Property Insurance Corp FL, Ser A1 | 5.00% | 06/01/22 | 488,376 | ||||
50,000 | FL St Brd of Edu Pub Edu Ref Cap Outlay 2011, Ser C | 5.00% | 06/01/26 | 50,184 | ||||
55,000 | FL St Brd of Edu Pub Edu Ref Capital Outlay 2011, Ser F | 5.00% | 06/01/24 | 55,203 | ||||
135,000 | FL St Brd of Edu Pub Edu Ref Capital Outlay, Ser E | 5.00% | 06/01/27 | 135,498 | ||||
50,000 | FL St Brd of Edu Pub Edu Ref Capital Outlay, Ser E | 4.00% | 06/01/30 | 50,147 | ||||
1,000,000 | FL St Hsg Fin Corp Mf Mtge Rev Adj Parrish Oaks, Ser A (Mandatory put 02/01/22) | 1.25% | 02/01/23 | 1,008,379 | ||||
60,000 | FL St Ref Dept Transn Right of Way | 5.00% | 07/01/22 | 60,467 | ||||
25,000 | FL St Ref Dept Transn Right of Way | 5.00% | 07/01/23 | 25,195 | ||||
445,000 | Hollywood Beach FL Cmnty Dev Dist Rev Cdd Ref Pub Pkg Fac Proj, Ser I | 5.00% | 10/01/23 | 493,324 | ||||
30,000 | Jacksonville FL Spl Rev Ref | 5.00% | 10/01/21 | 30,592 | ||||
575,000 | Jacksonville FL Spl Rev Ref, Ser C | 5.00% | 10/01/21 | 586,355 | ||||
125,000 | Jacksonville FL Spl Rev, Ser B-1 | 5.00% | 10/01/21 | 127,468 | ||||
175,000 | Jea FL Elec Sys Rev Sub, Ser B | 5.00% | 10/01/21 | 178,463 | ||||
425,000 | Jea FL Elec Sys Rev Sub, Ser B | 5.00% | 10/01/22 | 453,925 | ||||
60,000 | Jea FL Elec Sys Rev Unrefunded Sub, Ser B | 5.00% | 10/01/23 | 64,092 | ||||
220,000 | Jea FL Elec Sys Rev Unrefunded, Ser 3-A | 5.00% | 10/01/23 | 235,005 | ||||
280,000 | Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Ref Country Club East Proj, AGM | 5.00% | 05/01/21 | 280,000 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Florida (Continued) | ||||||||
$175,000 | Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Ref Country Club East Proj, AGM | 5.00% | 05/01/25 | $204,485 | ||||
95,000 | Manatee Cnty FL Port Auth Ref, Ser B, AMT | 4.00% | 10/01/37 | 100,005 | ||||
500,000 | Miami Dade Cnty FL Aviation Rev Ref, Ser A, AMT | 5.00% | 10/01/28 | 533,367 | ||||
65,000 | Miami Dade Cnty FL Spl Oblig Ref Sub, Ser B, AGM | 4.00% | 10/01/37 | 68,567 | ||||
100,000 | Miami-Dade Cnty FL Bldg Better Cmntys Prog, Ser A | 5.00% | 07/01/30 | 100,779 | ||||
330,000 | Miami-Dade Cnty FL Spl Oblig Ref Sub, Ser A | 5.00% | 10/01/27 | 352,751 | ||||
615,000 | Orlando & Orange Cnty FL Expressway Auth Ref, Ser B, AGM | 5.00% | 07/01/22 | 649,877 | ||||
210,000 | Palm Beach Cnty FL Sch Brd Ref, Ser B, COPS | 5.00% | 08/01/21 | 212,480 | ||||
300,000 | Pembroke Pines FL Capital Impt Rev Ref, AGM | 5.00% | 12/01/21 | 308,395 | ||||
250,000 | Sarasota National FL Cdd Spl Assmnt Ref | 3.00% | 05/01/21 | 250,000 | ||||
245,000 | Tampa FL Hosp Rev Ref H. Lee Moffitt Cancer Ctr Proj, Ser B | 5.00% | 07/01/21 | 246,848 | ||||
7,350,227 | ||||||||
Georgia – 0.1% | ||||||||
195,000 | Atlanta GA Wtr & Wstwtr Rev Ref | 5.00% | 11/01/21 | 199,715 | ||||
Illinois – 6.9% | ||||||||
120,000 | Chicago IL Brd of Edu Cap Apprec Sch Reform, Ser B-1, NATL-RE | (c) | 12/01/22 | 118,499 | ||||
100,000 | Chicago IL Brd of Edu Cap Apprec Sch, Ser A, BHAC-CR FGIC | (c) | 12/01/22 | 99,371 | ||||
1,500,000 | Chicago IL Brd of Edu Ref, Ser A | 4.00% | 12/01/21 | 1,531,347 | ||||
340,000 | Chicago IL Wtrwks Rev 2nd Lien Proj | 5.00% | 11/01/21 | 347,982 | ||||
1,000,000 | Cook Cnty IL Ref, Ser A | 3.00% | 11/15/21 | 1,015,109 | ||||
150,000 | Cook Cnty IL Ref, Ser C | 5.00% | 11/15/23 | 160,804 | ||||
270,000 | DuPage Cook & Will Cntys IL Cmnty Clg Dist #502, Ser A | 5.00% | 06/01/27 | 270,996 | ||||
100,000 | IL St | 4.88% | 05/01/21 | 100,000 | ||||
150,000 | IL St | 5.00% | 03/01/22 | 155,708 | ||||
365,000 | IL St | 5.00% | 07/01/22 | 384,295 | ||||
125,000 | IL St | 5.00% | 05/01/23 | 136,081 | ||||
130,000 | IL St | 4.00% | 03/01/26 | 133,469 | ||||
1,000,000 | IL St Dev Fin Auth Sol Wst Disp Rev Wst Mgmt Inc Proj Remk, Ser A, AMT (Mandatory put 11/01/21) | 0.55% | 11/01/44 | 1,000,785 | ||||
180,000 | IL St Fin Auth Hlth Svcs Facs Lease Rev Univ of IL Hlth Svcs Fac Proj | 5.00% | 10/01/23 | 198,814 | ||||
2,000,000 | IL St Fin Auth Rev Var Univ Chicago Med Ctr, Ser A (a) | 0.04% | 08/01/44 | 2,000,000 | ||||
225,000 | IL St Ref | 5.00% | 02/01/22 | 232,716 | ||||
500,000 | IL St, Ser A | 5.00% | 03/01/22 | 519,028 | ||||
200,000 | IL St, Ser A | 5.00% | 04/01/22 | 208,360 | ||||
125,000 | IL St, Ser D | 5.00% | 11/01/22 | 133,194 | ||||
60,000 | Kane Kendall Etc Cntys IL Cmnty Clg Dist #516, Ser A | 5.00% | 12/15/22 | 61,811 | ||||
170,000 | Montgomery IL Ref Alt Rev Source | 2.63% | 12/01/21 | 170,257 | ||||
70,000 | Railsplitter IL Tobacco Settlement Auth | 5.38% | 06/01/21 | 70,265 | ||||
90,000 | Railsplitter IL Tobacco Settlement Auth | 6.00% | 06/01/28 | 90,398 | ||||
55,000 | Springfield IL Elec Rev Ref Sr Lien | 5.00% | 03/01/22 | 57,091 | ||||
9,196,380 | ||||||||
Indiana – 5.4% | ||||||||
1,015,000 | Brownsburg IN 1999 Sch Bldg Corp, BANS (b) | 1.50% | 05/13/22 | 1,019,982 | ||||
65,000 | Carmel IN Redev Auth Lease Rental Rev Multipurpose, Ser A | 4.00% | 08/01/30 | 68,145 | ||||
95,000 | Carmel IN Redev Auth Lease Rental Rev Multipurpose, Ser A | 4.00% | 08/01/35 | 99,596 | ||||
500,000 | Greater Clark IN Bldg Corp | 4.00% | 07/15/21 | 503,673 | ||||
500,000 | Greater Clark IN Bldg Corp | 4.00% | 01/15/22 | 512,838 | ||||
80,000 | Greater Clark IN Bldg Corp Greater Clark Sch Corp 1st Mtge Bonds, Ser 2019 | 4.00% | 07/15/21 | 80,588 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Indiana (Continued) | ||||||||
$170,000 | Greater Clark IN Bldg Corp Greater Clark Sch Corp 1st Mtge Bonds, Ser 2019 | 4.00% | 01/15/22 | $174,365 | ||||
1,000,000 | Hamilton IN S Estrn Consol Sch Bldg Corp, BANS (b) | 2.00% | 07/15/21 | 1,001,984 | ||||
1,000,000 | Hamilton IN S Estrn Schs | 3.00% | 12/31/22 | 1,043,778 | ||||
750,000 | Hamilton IN S Estrn Schs, Ser B | 3.00% | 06/30/21 | 753,062 | ||||
175,000 | IN St Bond Bank Spl Program Gas Rev, Ser A | 5.25% | 10/15/21 | 178,805 | ||||
60,000 | Indianapolis IN Loc Pub Impt Bond Bank, Ser I | 5.00% | 06/01/24 | 60,219 | ||||
65,000 | Indianapolis IN Loc Pub Impt Bond Bank, Ser K | 5.00% | 06/01/22 | 65,237 | ||||
45,000 | La Porte IN Wtrwks Rev, AGM | 4.00% | 07/01/22 | 46,822 | ||||
100,000 | La Porte IN Wtrwks Rev, AGM | 4.00% | 07/01/23 | 106,877 | ||||
1,400,000 | Noblesville IN Multi Sch Bldg Corp Ref 1st Mtge | 5.00% | 07/15/22 | 1,463,196 | ||||
7,179,167 | ||||||||
Iowa – 1.7% | ||||||||
1,030,000 | IA St Fin Auth Midwestern Econ Dev Rev Var Cj Bio Amer Inc Proj (a) | 0.12% | 04/01/22 | 1,030,000 | ||||
1,000,000 | IA St Fin Auth Sol Wst Facs Rev Var Green Bond Gevo NW Rng LLC Renewable Natrl Gas Proj, AMT (Mandatory put 04/01/24) | 1.50% | 01/01/42 | 1,011,238 | ||||
145,000 | Tobacco Settlement Auth IA Tobacco Settlement Rev Asset Bkd, Ser C | 5.38% | 06/01/38 | 145,043 | ||||
100,000 | Tobacco Settlement Auth IA Tobacco Settlement Rev Asset Bkd, Ser C | 5.50% | 06/01/42 | 100,030 | ||||
2,286,311 | ||||||||
Kansas – 0.2% | ||||||||
225,000 | Wyandotte Cnty KS Unif Sch Dist #202, Ser A, AGM | 2.00% | 09/01/21 | 226,293 | ||||
Kentucky – 0.4% | ||||||||
150,000 | KY St Pub Energy Auth Gas Sply Rev Var, Ser C | 4.00% | 08/01/21 | 151,339 | ||||
70,000 | Lewis Cnty KY Sch Dist Fin Corp, Ser B | 2.25% | 06/01/22 | 70,784 | ||||
300,000 | Owen Cnty KY Pub Properties Corp 1st Mtge Rev Ref Court Facs Proj | 4.00% | 11/01/21 | 305,225 | ||||
527,348 | ||||||||
Louisiana – 2.0% | ||||||||
1,000,000 | LA St Gas & Fuels Tax Rev Var Ref Second Lien Remk, Ser D-2 (Mandatory put 05/01/22) | 0.55% | 05/01/43 | 1,000,089 | ||||
150,000 | New Orleans LA Sewage Svc Rev Ref | 5.00% | 06/01/21 | 150,548 | ||||
15,000 | New Orleans LA Wtr Rev Ref | 5.00% | 12/01/29 | 17,429 | ||||
25,000 | New Orleans LA Wtr Rev Ref | 5.00% | 12/01/34 | 29,049 | ||||
280,000 | New Orleans LA Wtr Rev Ref | 5.00% | 12/01/44 | 325,347 | ||||
500,000 | Saint John the Baptist Parish LA Rev Ref Marathon Oil Corp Proj Remk, Ser A-1 (Mandatory put 04/01/23) | 2.00% | 06/01/37 | 510,956 | ||||
150,000 | Shreveport LA Wtr & Swr Rev Junior Lien, Ser C, BAM | 5.00% | 12/01/23 | 167,682 | ||||
200,000 | Shreveport LA Wtr & Swr Rev Ref | 5.00% | 12/01/21 | 205,596 | ||||
255,000 | Shreveport LA Wtr & Swr Rev Ref, Ser A, BAM | 5.00% | 12/01/22 | 273,775 | ||||
2,680,471 | ||||||||
Maryland – 0.2% | ||||||||
100,000 | Harford Cnty MD Spl Oblg Ref Beechtree Estates Proj | 3.00% | 07/01/21 | 100,407 | ||||
100,000 | Harford Cnty MD Spl Oblg Ref Beechtree Estates Proj | 3.00% | 07/01/22 | 102,766 | ||||
80,000 | Maryland St Second, Ser B | 5.00% | 08/01/21 | 80,953 | ||||
284,126 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Massachusetts – 3.8% | ||||||||
$210,000 | Blue Hills Regl Tech High Sch Dist MA Sch Proj Loan Chapter 70B | 5.00% | 07/15/21 | $212,020 | ||||
1,831,211 | Blue Hills Regl Tech High Sch Dist MA, BANS | 1.00% | 05/20/21 | 1,831,963 | ||||
750,000 | Ludlow MA, BANS | 1.00% | 09/23/21 | 752,331 | ||||
100,000 | MA St Eductnl Fing Auth Ref Issue L Sr, Ser B, AMT | 5.00% | 07/01/22 | 105,508 | ||||
150,000 | MA St Eductnl Fing Auth, Ser B, AMT | 5.00% | 07/01/23 | 164,881 | ||||
395,000 | MA St Port Auth, Ser A, AMT | 5.00% | 07/01/42 | 416,687 | ||||
1,610,750 | Randolph MA, BANS | 2.00% | 06/11/21 | 1,613,858 | ||||
5,097,248 | ||||||||
Michigan – 0.4% | ||||||||
45,000 | Detroit MI Wtr Sply Sys Rev Sr Lien Great Lakes Wtr Auth, Ser C | 5.00% | 07/01/41 | 45,351 | ||||
405,000 | Detroit MI Wtr Sply Sys Rev Sr Lien, Ser A | 5.25% | 07/01/41 | 408,314 | ||||
100,000 | Great Lakes MI Wtr Auth Wtr Sply Sys Rev Ref 2nd Lien, Ser A | 5.00% | 07/01/21 | 100,772 | ||||
554,437 | ||||||||
Minnesota – 0.8% | ||||||||
1,000,000 | Brooklyn Ctr MN Mf Hsg Dev Rev Var Sonder House Apartments Proj (Mandatory put 07/01/22) | 1.35% | 01/01/37 | 1,000,850 | ||||
60,000 | MN St St Trunk Hwy, Ser B | 5.00% | 10/01/22 | 61,205 | ||||
1,062,055 | ||||||||
Mississippi – 0.7% | ||||||||
500,000 | MS St Business Fin Corp Sol Wst Disp Rev Waste Mgmt Inc Proj Remk (Mandatory put 09/01/21) | 0.55% | 03/01/29 | 500,259 | ||||
400,000 | MS St Dev Bank Spl Oblg Jackson Wtr & Swr Sys Proj, AGM | 6.75% | 12/01/26 | 460,711 | ||||
960,970 | ||||||||
Missouri – 1.0% | ||||||||
140,000 | MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Bethesda Hlth Grp Inc Ref | 3.00% | 08/01/21 | 140,741 | ||||
1,000,000 | Saint Louis MO Gen Fnd Rev Trans | 2.00% | 06/01/21 | 1,001,469 | ||||
160,000 | Saint Louis MO Muni Fin Corp Ref, AGM | 5.00% | 07/15/21 | 161,487 | ||||
1,303,697 | ||||||||
Montana – 0.2% | ||||||||
220,000 | MT Fac Fin Auth Hlth Facs Rev Bozeman Deaconess Hlth Svcs | 4.00% | 06/01/21 | 220,613 | ||||
Nebraska – 2.7% | ||||||||
300,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj #3 | 5.00% | 09/01/22 | 318,623 | ||||
395,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj #3 | 5.00% | 09/01/32 | 419,857 | ||||
410,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj #3 | 5.25% | 09/01/37 | 437,156 | ||||
165,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj No 1, Ser A | 5.25% | 12/01/21 | 169,728 | ||||
150,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj No. 4 | 5.00% | 01/01/24 | 168,307 | ||||
1,855,000 | Centrl Plains Energy Proj NE Gas Proj Rev Proj No. 4 (Mandatory put 01/01/24) | 5.00% | 03/01/50 | 2,064,997 | ||||
50,000 | NE St Pub Pwr Dist Rev Gen, Ser C | 5.00% | 01/01/22 | 51,568 | ||||
3,630,236 | ||||||||
Nevada – 4.6% | ||||||||
90,000 | Clark Cnty NV Arpt Rev Ref Sub, Ser A | 5.00% | 07/01/21 | 90,701 | ||||
170,000 | Clark Cnty NV Passenger Fac Charge Rev Ref Las Vegas Mccarran Intl Arpt, Ser E | 5.00% | 07/01/23 | 187,487 | ||||
735,000 | Clark Cnty NV Sch Dist Ref Bldg, Ser A | 5.00% | 06/15/23 | 808,121 | ||||
155,000 | Clark Cnty NV Sch Dist Ref Ltd Tax, Ser A | 5.00% | 06/15/21 | 155,841 | ||||
650,000 | Clark Cnty NV Sch Dist Ref, Ser A | 5.00% | 06/15/23 | 714,665 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Nevada (Continued) | ||||||||
$145,000 | Clark Cnty NV Sch Dist Ref, Ser B | 5.00% | 06/15/21 | $145,787 | ||||
160,000 | Clark Cnty NV Sch Dist Ref, Ser D | 5.00% | 06/15/21 | 160,868 | ||||
800,000 | Clark Cnty NV Sch Dist Various Purpose Medium Term, Ser F | 5.00% | 06/15/22 | 823,596 | ||||
100,000 | Clark Cnty NV Sch Dist, Ser D | 5.00% | 06/15/21 | 100,542 | ||||
1,000,000 | Director of the St of NV Dept of Business & Industry Var Brightline West Passenger Rail Proj, Ser A, AMT (Mandatory put 07/01/21) (b) | 0.50% | 01/01/50 | 1,000,189 | ||||
405,000 | Las Vegas NV Redev Agy Tax Incr Rev Ref | 4.00% | 06/15/21 | 406,525 | ||||
1,600,000 | Yerington NV USDA Interim Debs | 1.63% | 11/01/23 | 1,617,928 | ||||
6,212,250 | ||||||||
New Jersey – 5.7% | ||||||||
100,000 | Atlantic City NJ Brd of Edu Ref Sch Bd Res Fd, AGM | 4.00% | 04/01/23 | 106,461 | ||||
125,000 | Hamilton Twp NJ Sch Dist, AGM | 3.00% | 07/15/22 | 129,122 | ||||
1,755,000 | Jersey City NJ Muni Utilities Auth Wtr Proj Notes | 3.00% | 07/01/22 | 1,808,918 | ||||
460,000 | Jersey City NJ, Ser A, BANS | 1.50% | 01/12/22 | 464,387 | ||||
1,500,000 | Newark NJ Prom Nts | 3.50% | 07/27/21 | 1,511,218 | ||||
700,000 | NJ St Covid-19 Go Emergency Bonds, Ser A | 4.00% | 06/01/23 | 754,396 | ||||
345,000 | NJ St Econ Dev Auth Rev Ref, Ser BBB | 5.00% | 06/15/21 | 346,868 | ||||
150,000 | NJ St Econ Dev Auth Rev Ref, Ser XX | 5.00% | 06/15/21 | 150,812 | ||||
100,000 | NJ St Eductnl Facs Auth Rev Hgr Edu Facs Trust Fund | 5.00% | 06/15/21 | 100,542 | ||||
500,000 | NJ St Hgr Edu Assistance Auth Student Loan Rev Sr Bonds, Ser B, AMT | 5.00% | 12/01/22 | 536,477 | ||||
25,000 | NJ St Hgr Edu Assistance Auth Student Loan Rev Sr, Ser 2015-1A, AMT | 5.00% | 12/01/24 | 28,817 | ||||
150,000 | NJ St Transprtn Trust Fund Auth Ref Fed Highway Reimbursement Nts, Ser A, GARVEE | 5.00% | 06/15/21 | 150,831 | ||||
220,000 | NJ St Transprtn Trust Fund Auth Transn Sys, Ser A | 5.50% | 12/15/21 | 227,094 | ||||
250,000 | NJ St Transprtn Trust Fund Auth Transprtn Program, Ser AA | 5.00% | 06/15/23 | 263,109 | ||||
1,000,000 | Prospect Park NJ, BANS | 2.00% | 11/10/21 | 1,008,085 | ||||
7,587,137 | ||||||||
New Mexico – 0.9% | ||||||||
500,000 | Farmington NM Poll Control Rev Ref Pub Svc Company Proj Remk, Ser B (Mandatory put 06/01/22) | 2.13% | 06/01/40 | 509,446 | ||||
750,000 | Farmington NM Poll Control Rev Var Ref Pub Svc Co of NM Remk, Ser F, AMT (Mandatory put 06/01/22) | 1.20% | 06/01/40 | 755,379 | ||||
1,264,825 | ||||||||
New York – 13.3% | ||||||||
2,000,000 | Center Moriches NY Union Freesch Dist, TANS | 1.50% | 06/25/21 | 2,003,257 | ||||
1,364,700 | East Hampton Town NY, Ser A, BANS | 1.25% | 08/20/21 | 1,368,751 | ||||
600,000 | Long Beach NY, BAM | 2.00% | 09/15/22 | 614,370 | ||||
190,000 | Met Transprtn Auth NY Rev Subser, Ser B-2A, BANS | 5.00% | 05/15/21 | 190,286 | ||||
285,000 | Met Transprtn Auth NY Rev Transprtn, Ser A-1 | 5.00% | 11/15/23 | 318,435 | ||||
335,000 | Met Transprtn Auth NY Rev, Ser A-2S, BANS | 4.00% | 02/01/22 | 344,121 | ||||
500,000 | Met Transprtn Auth NY Rev, Ser B-1, BANS | 5.00% | 05/15/22 | 524,322 | ||||
100,000 | Niagara NY Area Dev Corp Rev Niagara Univ Proj, Ser A | 5.00% | 05/01/21 | 100,000 | ||||
120,000 | NY City NY Muni Wtr Fin Auth Wtr & Swr Sys Rev Ref Second General Resolution, Ser Aa | 5.00% | 06/15/44 | 120,674 | ||||
1,695,000 | NY City NY Muni Wtr Fin Auth Wtr & Swr Sys Rev Var Gen Resolution Sub FF-1 (a) | 0.03% | 06/15/44 | 1,695,000 | ||||
165,000 | NY City Ny Transitional Fin Auth Bldg Aid Rev Prerefunded Fiscal 2013, Ser S-1 | 5.00% | 07/15/21 | 166,604 | ||||
2,150,000 | NY NY Adj Fiscal 2020, Subser B-3 (a) | 0.21% | 10/01/46 | 2,150,000 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
New York (Continued) | ||||||||
$1,000,000 | NY NY Adjustable Fiscal 2017, Subser A-5 (a) | 0.04% | 08/01/44 | $1,000,000 | ||||
75,000 | NY NY Ref, Ser A | 5.00% | 08/01/21 | 75,890 | ||||
100,000 | NY NY, Ser C | 5.00% | 08/01/23 | 106,093 | ||||
150,000 | NY St Dorm Auth Revs Non St Supported Debt Mount Sinai Hosp, Ser A | 4.50% | 07/01/26 | 151,040 | ||||
300,000 | NY St Dorm Auth Revs Non St Supported Debt Mount Sinai Hosp, Ser A | 5.00% | 07/01/35 | 302,317 | ||||
125,000 | NY St Hsg Fin Agy Affordable Hsg, Ser E | 2.13% | 11/01/23 | 125,563 | ||||
235,000 | NY St Hsg Fin Agy Sustainability Bonds, Ser N | 1.45% | 05/01/23 | 235,980 | ||||
180,000 | NY St Hsg Fin Agy Sustainability Bonds, Ser Q | 1.35% | 11/01/23 | 183,751 | ||||
895,000 | NY St Mtge Agy Homeowner Mtge Rev, Ser 180, AMT | 3.90% | 04/01/22 | 920,722 | ||||
1,000,000 | NY St Mtge Agy Homeowner Mtge Rev, Ser 183, AMT | 3.75% | 04/01/23 | 1,059,221 | ||||
125,000 | NY St Mtge Agy Rev Mtge, 55th Ser, AMT | 2.65% | 10/01/23 | 130,656 | ||||
300,000 | NY St Transprtn Dev Corpspl Fac Rev Ref Terminal 4 JFK Intl Arpt Proj, Ser A, AMT | 5.00% | 12/01/22 | 321,590 | ||||
300,000 | NY St Transprtn Dev Corpspl Fac Rev Ref Terminal 4 JFK Intl Arpt Proj, Ser C | 5.00% | 12/01/21 | 308,219 | ||||
155,000 | Port Auth of NY & NJ NY Ref 195th Series, AMT | 5.00% | 10/01/21 | 158,041 | ||||
135,000 | Port Auth of NY & NJ NY Ref Consolidated Bonds Two Hundred Second, AMT | 5.00% | 10/15/21 | 137,901 | ||||
1,035,000 | Suffolk Cnty NY, Ser I, TANS | 2.00% | 07/22/21 | 1,039,061 | ||||
1,000,000 | Suffolk Cnty NY, Ser II, TANS | 2.00% | 08/19/21 | 1,005,057 | ||||
1,012,000 | Syracuse NY, Ser B, RANS | 2.00% | 07/30/21 | 1,016,175 | ||||
17,873,097 | ||||||||
North Carolina – 0.3% | ||||||||
220,000 | NC St Capital Facs Fin Agy Eductnl Facs Rev Ref High Point Univ | 3.00% | 05/01/22 | 225,811 | ||||
95,000 | NC St Estrn Muni Pwr Agy Pwr Sys Rev, Ser A | 5.00% | 01/01/23 | 100,387 | ||||
50,000 | Univ of NC NC at Charlotte, Ser A | 5.00% | 04/01/37 | 52,229 | ||||
378,427 | ||||||||
North Dakota – 2.0% | ||||||||
1,000,000 | Horace ND Ref & Impt, Ser A | 1.90% | 08/01/22 | 1,000,461 | ||||
110,000 | ND St Hsg Fin Agy Hsg Fin Program Home Mtge Fin Program, Ser A | 2.30% | 01/01/22 | 111,461 | ||||
250,000 | W Fargo ND Ref, Ser A | 2.00% | 05/01/21 | 250,000 | ||||
350,000 | W Fargo ND Ref, Ser A | 2.00% | 05/01/22 | 356,168 | ||||
500,000 | Watford City ND St Aid Ctfs Indebtedness Ref, AGM | 3.00% | 12/01/21 | 506,644 | ||||
440,000 | Williston ND Cnty Wide Pub Safety Sales Tax Rev Ref, Ser A | 5.00% | 07/15/22 | 461,104 | ||||
2,685,838 | ||||||||
Ohio – 0.8% | ||||||||
100,000 | Butler Cnty OH Hosp Facs Ref UC Hlth | 4.00% | 11/15/23 | 108,974 | ||||
280,000 | Montgomery Cnty OH Hosp Rev Ref Kettering Hlth Network Oblig Grp Proj | 5.00% | 08/01/23 | 309,732 | ||||
100,000 | NE OH Med Univ Gen Recpts Ref, Ser A | 3.00% | 12/01/22 | 103,292 | ||||
500,000 | OH St Air Quality Dev Auth Ref American Elec Pwr Company Proj Remk, Ser B, AMT (Mandatory put 10/01/24) | 2.10% | 07/01/28 | 523,440 | ||||
1,045,438 | ||||||||
Oklahoma – 2.4% | ||||||||
1,700,000 | OK St Dev Fin Auth Gilcrease Expressway West Proj P3 Proj, AMT | 1.63% | 07/06/23 | 1,709,209 | ||||
930,000 | OK St Dev Fin Auth Var Solid Waste Disp Remk, Ser A | 2.38% | 12/01/21 | 941,347 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Oklahoma (Continued) | ||||||||
$25,000 | OK St Wtr Resource Brd Revolving Fund Rev Master Trust, Ser A | 5.00% | 04/01/25 | $26,114 | ||||
90,000 | OK St Wtr Resource Brd Revolving Fund Rev Master Trust, Ser A | 5.00% | 04/01/28 | 94,011 | ||||
25,000 | OK St Wtr Resource Brd Revolving Fund Rev Master Trust, Ser B | 5.00% | 04/01/23 | 26,114 | ||||
465,000 | Tulsa OK Arpts Impt Trust Ref, Ser A, AMT, BAM | 5.00% | 06/01/22 | 487,198 | ||||
3,283,993 | ||||||||
Oregon – 0.1% | ||||||||
100,000 | Port of Portland OR Arpt Rev Portland Intl Arpt, Ser 21-C, AMT | 4.50% | 07/01/21 | 100,654 | ||||
75,000 | Port of Portland OR Arpt Rev, Ser 22, AMT | 5.00% | 07/01/21 | 75,550 | ||||
176,204 | ||||||||
Pennsylvania – 6.3% | ||||||||
200,000 | Berks Cnty PA Indl Dev Auth Hlth Sys Rev Ref Tower Hlth Proj | 5.00% | 11/01/22 | 207,581 | ||||
900,000 | Berks Cnty PA Muni Auth Ref Tower Hlth Proj, Ser A | 5.00% | 02/01/22 | 918,206 | ||||
50,000 | Erie PA Hgr Edu Bldg Auth Aicup Fing Prog Gannon Uni Proj Ref, Ser TT1 | 5.00% | 05/01/22 | 52,029 | ||||
55,000 | Erie PA Hgr Edu Bldg Auth Aicup Fing Prog Gannon Uni Proj Ref, Ser TT1 | 5.00% | 05/01/23 | 59,384 | ||||
165,000 | Hermitage PA Muni Auth Ref, Ser C | 3.00% | 02/01/22 | 168,310 | ||||
150,000 | Mckeesport PA Area Sch Dist Ref, Ser A, AGM | 3.00% | 10/01/21 | 151,231 | ||||
150,000 | Monroeville PA Fin Auth Upmc Rev Ref, Ser B | 3.50% | 07/01/23 | 160,520 | ||||
500,000 | PA St Econ Dev Fing Auth Solid Waste Disposal Rev RePub Svcs Inc Proj Remk, Ser B-1, AMT (Mandatory put 07/15/21) | 0.18% | 04/01/49 | 499,990 | ||||
500,000 | PA St Econ Dev Fing Auth Solid Waste Disposal Rev Variable Ref RePub Svcs Inc Proj Remk, Ser A, AMT (Mandatory put 07/15/21) | 0.18% | 04/01/34 | 499,990 | ||||
750,000 | PA St Econ Dev Fing Auth Solid Waste Disposal Rev Waste Mgmt Inc Proj Remk, Ser A, AMT (Mandatory put 08/02/21) | 0.70% | 08/01/37 | 750,567 | ||||
300,000 | PA St Hgr Eductnl Facs Auth Rev Prerefunded Drexel Univ, Ser A | 5.25% | 05/01/26 | 300,000 | ||||
235,000 | PA St Turnpike Commn Oil Franchise Tax Rev Ref Sub, Ser B | 5.00% | 12/01/21 | 241,576 | ||||
160,000 | Philadelphia PA Ref, Ser A | 5.00% | 07/15/21 | 161,520 | ||||
1,280,000 | Philadelphia PA Ref, Ser A | 5.00% | 08/01/21 | 1,294,896 | ||||
145,000 | Philadelphia PA Ref, Ser A | 5.00% | 08/01/21 | 146,688 | ||||
100,000 | Philadelphia PA Ref, Ser A | 5.00% | 09/15/21 | 101,752 | ||||
2,205,000 | Philadelphia PA Sch Dist Trans, Ser A | 4.00% | 06/30/21 | 2,218,573 | ||||
80,000 | Philadelphia PA Wtr & Wstwtr Rev Ref, Ser B | 5.00% | 11/01/21 | 81,894 | ||||
260,000 | Philadelphia PA Wtr & Wstwtr Rev, Ser A | 5.13% | 01/01/43 | 268,543 | ||||
125,000 | Upper Dublin PA Sch Dist Ref Montgomery Cnty | 2.00% | 11/15/22 | 125,069 | ||||
70,000 | W Cornwall Twp PA Muni Auth Ref Lebanon Vly Brethren Home Proj, Ser A | 4.00% | 11/15/22 | 73,193 | ||||
8,481,512 | ||||||||
South Carolina – 0.4% | ||||||||
50,000 | SC St Pub Svc Auth Rev Ref Oblig Santee Cooper Proj, Ser B | 4.00% | 12/01/21 | 51,112 | ||||
50,000 | SC St Pub Svc Auth Rev Ref Obligs, Ser C | 5.00% | 12/01/22 | 53,739 | ||||
60,000 | SC St Pub Svc Auth Rev Ref Santee Cooper, Ser A | 5.00% | 12/01/28 | 61,679 | ||||
75,000 | SC St Pub Svc Auth Rev Ref Santee Cooper, Ser A | 5.00% | 12/01/29 | 77,098 | ||||
50,000 | SC St Pub Svc Auth Rev Ref, Ser B | 5.00% | 12/01/22 | 53,739 | ||||
250,000 | SC St Pub Svc Auth Rev Santee Cooper, Ser D | 5.00% | 12/01/43 | 263,019 | ||||
560,386 | ||||||||
Tennessee – 1.7% | ||||||||
100,000 | Met Govt Nashville & Davidson Cnty TN Hlth & Eductnl Fac Brd Ref Lipscomb Univ Proj, Ser A | 5.00% | 10/01/21 | 101,451 | ||||
100,000 | Met Nashville TN Arpt Auth Arpt Rev, Ser B, AMT | 5.00% | 07/01/21 | 100,748 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Tennessee (Continued) | ||||||||
$300,000 | TN St Energy Acquisition Corp Gas Rev | 5.00% | 11/01/22 | $320,746 | ||||
690,000 | TN St Energy Acquisition Corp Gas Rev, Ser A | 5.25% | 09/01/22 | 734,731 | ||||
390,000 | TN St Energy Acquisition Corp Gas Rev, Ser A | 5.25% | 09/01/23 | 432,730 | ||||
535,000 | TN St Energy Acquisition Corp Gas Rev, Ser C | 5.00% | 02/01/23 | 577,013 | ||||
2,267,419 | ||||||||
Texas – 4.7% | ||||||||
40,000 | Arlington TX Hgr Edu Fin Corp Edu Rev Kipp TX Inc | 5.00% | 08/15/23 | 44,250 | ||||
200,000 | Bexar Cnty TX Hlth Facs Dev Corp Ref Army Retmnt Residence Fndtn Proj | 5.00% | 07/15/23 | 211,764 | ||||
250,000 | Centrl TX Regl Mobility Auth Rev Ref | 5.00% | 01/01/22 | 257,484 | ||||
100,000 | Centrl TX Regl Mobility Auth Rev Ref Sr Lien, Ser A, AGM | 5.00% | 01/01/43 | 108,117 | ||||
95,000 | Dallas Fort Worth TX Intl Arpt Rev, Ser H, AMT | 4.00% | 11/01/45 | 96,783 | ||||
60,000 | Dallas TX Wtrwks & Swr Sys Rev Ref, Ser A | 5.00% | 10/01/37 | 64,137 | ||||
50,000 | Dallas TX Wtrwks & Swr Sys Rev Unrefunded Ref, Ser A | 5.00% | 10/01/29 | 53,447 | ||||
1,000,000 | Denton TX Indep Sch Dist Var Sch Bldg Remk, Ser B (a) | 0.08% | 08/01/35 | 1,000,000 | ||||
75,000 | Fort Worth TX Ref & Impt | 5.00% | 03/01/32 | 78,043 | ||||
200,000 | Gulfgate Redev Auth TX Tax Incr Contract Rev Ref, AGM | 4.00% | 09/01/22 | 209,532 | ||||
15,000 | Houston TX Utility Sys Rev Comb First Lien, Ser D | 5.00% | 11/15/40 | 15,391 | ||||
45,000 | Houston TX Utility Sys Rev Ref Comb 1st Lien, Ser F | 5.00% | 11/15/31 | 46,174 | ||||
35,000 | Houston TX Utility Sys Rev Ref Comb First Lien, Ser F | 5.00% | 11/15/28 | 35,913 | ||||
550,000 | Lower Colorado River TX Auth Transmission Contract Rev Ref Lcra Transmission Svcs Corp Proj | 5.00% | 05/15/21 | 550,818 | ||||
265,000 | Mclendon Chisholm TX Spl Assmnt Rev Ref Sonoma Pub Impt Dt Phase 1 Proj, BAM | 4.00% | 09/15/23 | 283,543 | ||||
75,000 | N TX Tollway Auth Rev First Tier Ref, Ser A | 3.75% | 01/01/28 | 76,771 | ||||
100,000 | N TX Tollway Auth Rev First Tier Ref, Ser B | 5.00% | 01/01/22 | 103,203 | ||||
25,000 | N TX Tollway Auth Rev First Tier Ref, Ser B | 5.00% | 01/01/36 | 25,801 | ||||
75,000 | N TX Tollway Auth Rev Ref 1st Tier, Ser A | 5.00% | 01/01/22 | 77,377 | ||||
130,000 | Newark Hgr Edu Fin Corp TX Edu Rev The Hughen Ctr Inc, Ser A | 4.00% | 08/15/23 | 140,396 | ||||
125,000 | SA Energy Acquisition Pub Fac Corp TX Gas Sply Rev Gas Sply Rev | 5.50% | 08/01/21 | 126,590 | ||||
50,000 | Titus Cnty TX Pass Thru Toll Ltd Tax, Ser B | 4.00% | 03/01/34 | 51,595 | ||||
350,000 | TX St Muni Gas Acquisition & Sply Corp Gas Sply Rev Ref, Ser III | 5.00% | 12/15/21 | 360,126 | ||||
235,000 | TX St Muni Gas Acquisition & Sply Corp Gas Sply Rev Ref, Ser III | 5.00% | 12/15/22 | 252,600 | ||||
35,000 | TX St Muni Gas Acquisition & Sply Corp I Gas Sply Rev Sr Lien, Ser A | 5.25% | 12/15/21 | 36,064 | ||||
1,110,000 | TX St Muni Gas Acquisition & Sply Corp I Gas Sply Rev Sr Lien, Ser A | 5.25% | 12/15/22 | 1,197,970 | ||||
150,000 | TX St Muni Gas Acquisition & Sply Corp I Gas Sply Rev Sr Lien, Ser A | 5.25% | 12/15/23 | 168,699 | ||||
185,000 | TX St Transprtn Commn Central Tx Turnpike Sys Rev Ref 1st Tier, Ser A | 5.00% | 08/15/41 | 196,351 | ||||
150,000 | Viridian TX Muni Mgmt Dist Unlimited Tax Road Impt Bonds, BAM | 4.00% | 12/01/22 | 157,861 | ||||
250,000 | Viridian TX Muni Mgmt Dist Unlimited Tax Road Impt Bonds, BAM | 4.00% | 12/01/23 | 272,937 | ||||
6,299,737 | ||||||||
Utah – 0.1% | ||||||||
100,000 | UT St Chrt Sch Fin Auth Chrt Sch Rev Ref Spectrum Academy Proj | 4.00% | 04/15/22 | 103,322 |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MUNICIPAL BONDS (Continued) | ||||||||
Virginia – 0.3% | ||||||||
$80,000 | VA St Pub Bldg Auth Pub Facs Rev Ref, Ser C | 5.00% | 08/01/21 | $80,953 | ||||
350,000 | VA St Small Business Fing Auth Rev Ref National Sr Campuses Inc | 5.00% | 01/01/22 | 360,598 | ||||
441,551 | ||||||||
Washington – 0.3% | ||||||||
160,000 | WA St Hlth Care Facs Auth Seattle Cancer Care Alliance (b) | 5.00% | 12/01/21 | 164,402 | ||||
40,000 | WA St Mtr Veh Fuel Tax, Ser B-1 | 4.25% | 08/01/32 | 40,403 | ||||
120,000 | WA St Mtr Vehcl Tax Sr 520 Corridor Prog Toll, Ser C | 5.00% | 06/01/24 | 120,433 | ||||
95,000 | WA St Ref 2012A, Ser R | 5.00% | 07/01/21 | 95,741 | ||||
420,979 | ||||||||
Wisconsin – 6.3% | ||||||||
1,475,000 | Cambridge WI Sch Dist, NANS | 1.00% | 05/03/21 | 1,475,000 | ||||
110,000 | Milwaukee WI Corp Purp, Ser B4 | 5.00% | 05/15/22 | 110,597 | ||||
725,000 | Milwaukee WI Promissory & Corporate Notes, Ser N2 | 5.00% | 05/01/22 | 759,235 | ||||
635,000 | Milwaukee WI Promissory Nts, Ser N1 | 5.00% | 02/01/23 | 686,571 | ||||
100,000 | Milwaukee WI Promissory Nts, Ser N2 | 5.00% | 05/15/22 | 104,907 | ||||
100,000 | Milwaukee WI Ref Prom Nts, Ser N2 | 4.00% | 03/15/22 | 103,251 | ||||
410,000 | Milwaukee WI Ref Prom Nts, Ser N2 | 4.00% | 03/15/25 | 463,232 | ||||
480,000 | Milwaukee WI Ref Promissory Nts, Ser N4 | 5.00% | 04/01/22 | 500,763 | ||||
370,000 | Milwaukee WI Ref Promissory Nts, Ser N4 | 5.00% | 04/01/23 | 402,917 | ||||
415,000 | Milwaukee WI Ref Promissory Nts, Ser N4 | 5.00% | 04/01/24 | 469,220 | ||||
750,000 | Pub Fin Auth WI Sol Wst Disp Rev Var Ref Waste Mgmt Inc Proj, Ser A-3, AMT (Mandatory put 06/01/21) | 2.00% | 07/01/29 | 750,903 | ||||
2,007,000 | Tender Option Bond Trust Receipts / Ctfs Various States Floaters, Ser 2020-XF2869 (a) (b) | 0.31% | 11/01/25 | 2,007,000 | ||||
150,000 | WI St Hlth & Eductnl Facs Auth Rev Three Pillars Sr Living Cmntys, Ser A | 4.00% | 08/15/23 | 160,014 | ||||
100,000 | WI St Transprtn Rev Prerefunded, Ser 1 | 5.00% | 07/01/25 | 110,401 | ||||
50,000 | WI St Unrefunded Ref, Ser 2 | 5.00% | 05/01/27 | 52,428 | ||||
50,000 | WI St, Ser A | 5.00% | 05/01/24 | 52,428 | ||||
60,000 | WI St, Ser A | 4.00% | 05/01/29 | 62,319 | ||||
80,000 | WI St, Ser A | 5.00% | 05/01/30 | 83,884 | ||||
100,000 | WI St, Ser B | 5.00% | 05/01/32 | 100,000 | ||||
8,455,070 |
Total Investments – 95.5% | 128,098,589 | |
(Cost $127,658,185) (d) | ||
Net Other Assets and Liabilities – 4.5% | 6,031,517 | |
Net Assets – 100.0% | $134,130,106 |
(a) | Variable Rate Demand bond. Interest rate is reset periodically by the agent based on current market conditions. |
(b) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At April 30, 2021, securities noted as such amounted to $6,618,557 or 4.9% of net assets. |
(c) | Zero coupon bond. |
First Trust Ultra Short Duration Municipal ETF (FUMB)
Portfolio of Investments (Continued)
April 30, 2021 (Unaudited)
(d) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of April 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $463,391 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $22,987. The net unrealized appreciation was $440,404. |
AGM | Assured Guaranty Municipal Corp. |
AMT | Alternative Minimum Tax |
BAM | Build America Mutual |
BANS | Bond Anticipation Notes |
BHAC-CR | Berkshire Hathaway Assurance Corp. Custodial Receipts |
COPS | Certificates of Participation |
FGIC | Financial Guaranty Insurance Co. |
GARVEE | Grant Anticipation Revenue Vehicle |
NANS | Note Anticipation Notes |
NATL-RE | National Public Finance Guarantee Corp. |
RANS | Revenue Anticipation Notes |
TANS | Tax Anticipation Notes |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of April 30, 2021 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 4/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Municipal Bonds* | $ 128,098,589 | $ — | $ 128,098,589 | $ — |
* | See Portfolio of Investments for state breakout. |
Additional Information
First Trust Exchange-Traded Fund III
April 30, 2021 (Unaudited)
Valuation Inputs
The Funds are 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.