Each N-PORT filing of FV compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 2 added (39.8% of the fund), 2 dropped (39.68%). Turnover proxy 40.5%. Largest increases: First Trust Exchange-Traded Fund VI 19.32% to 19.87%; DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS 0.03% to 0.19%. Largest decreases: First Trust Exchange-Traded Fund 20.99% to 20.49%; First Trust Exchange-Traded Fund VI 19.98% to 19.64%. New: First Trust Exchange-Traded Fund (19.94%), First Trust Exchange-Traded AlphaDEX Fund (19.86%). Gone: FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND (20.07%), First Trust Exchange-Traded Fund (19.6%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 21 Aug 2026 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 3 added (61.04% of the fund), 3 dropped (59.62%). Turnover proxy 61.1%. Largest increases: First Trust Exchange-Traded Fund VI 19.3% to 19.32%. Largest decreases: First Trust Exchange-Traded Fund 20.87% to 19.6%; Dreyfus Government Cash Management Funds 0.21% to 0.03%. New: First Trust Exchange-Traded Fund (20.99%), FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND (20.07%), First Trust Exchange-Traded Fund VI (19.98%). Gone: First Trust Financials AlphaDEX Fund (20.07%), First Trust Utilities AlphaDEX Fund (19.95%), First Trust Dow Jones Internet Index Fund (19.6%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 21 May 2026 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 2 added (40.17% of the fund), 2 dropped (38.62%). Turnover proxy 41.3%. Largest increases: First Trust Utilities AlphaDEX Fund 18.88% to 19.95%; Dreyfus Government Cash Management 0.18% to 0.21%. Largest decreases: First Trust Dow Jones Internet Index Fund 21.97% to 19.6%; First Trust Financials AlphaDEX Fund 20.35% to 20.07%. New: First Trust Indxx Aerospace & Defense ETF (20.87%), First Trust Nasdaq Semiconductor ETF (19.3%). Gone: First Trust Industrials/Producer Durables AlphaDEX Fund (20.17%), First Trust NASDAQ-100 Ex-Technology Sector Index Fund (18.45%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 25 Feb 2026 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1%. Largest increases: First Trust Utilities AlphaDEX Fund 18.41% to 18.88%; First Trust Financials AlphaDEX Fund 20.08% to 20.35%; First Trust Industrials/Producer Durables AlphaDEX Fund 20.06% to 20.17%; Dreyfus Government Cash Management 0.08% to 0.18%. Largest decreases: First Trust NASDAQ-100 Ex-Technology Sector Index Fund 19.26% to 18.45%; First Trust Dow Jones Internet Index Fund 22.11% to 21.97%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 24 Nov 2025 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 6: 2 added (19.34% of the fund), 1 dropped (19.16%). Turnover proxy 22.1%. Largest increases: First Trust Dow Jones Internet Index Fund 19.34% to 22.11%. Largest decreases: First Trust Utilities AlphaDEX Fund 21.14% to 18.41%; First Trust Financial AlphaDEX Fund 20.23% to 20.08%; First Trust Industrials/Producer Durables AlphaDEX Fund 20.13% to 20.06%. New: First Trust NASDAQ-100 Ex-Technology Sector IndexSM Fund (19.26%), Dreyfus Government Cash Management (0.08%). Gone: First Trust NASDAQ-100 Technology Index Fund (19.16%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 25 Aug 2025 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 5: 1 added (21.14% of the fund), 2 dropped (20.21%). Turnover proxy 21.8%. Largest increases: First Trust Industrials/Producer Durables AlphaDEX Fund 19.55% to 20.13%; First Trust Financial AlphaDEX Fund 20.1% to 20.23%. Largest decreases: First Trust Dow Jones Internet Index Fund 20.2% to 19.34%; First Trust NASDAQ-100 Technology Index Fund 19.94% to 19.16%. New: First Trust Utilities AlphaDEX Fund (21.14%). Gone: First Trust Consumer Discretionary AlphaDEX Fund (19.92%), Dreyfus Government Cash Management (0.28%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 22 May 2025 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 1 added (20.1% of the fund), 1 dropped (20.67%). Turnover proxy 21.6%. Largest increases: First Trust Consumer Discretionary AlphaDEX Fund 18.91% to 19.92%; First Trust Dow Jones Internet Index Fund 19.87% to 20.2%; Dreyfus Government Cash Management 0.12% to 0.28%. Largest decreases: First Trust Industrials/Producer Durables AlphaDEX Fund 20.44% to 19.55%; First Trust NASDAQ-100 Technology Index Fund 19.99% to 19.94%. New: First Trust Financial AlphaDEX Fund (20.1%). Gone: First Trust Nasdaq Semiconductor ETF (20.67%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 26 Feb 2025 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 1 added (0.12% of the fund), 1 dropped (0.12%). Turnover proxy 2.9%. Largest increases: First Trust Industrials/Producer Durables AlphaDEX Fund 18.67% to 20.44%; First Trust Consumer Discretionary AlphaDEX Fund 18.2% to 18.91%; First Trust Dow Jones Internet Index Fund 19.54% to 19.87%. Largest decreases: First Trust Nasdaq Semiconductor ETF 22.5% to 20.67%; First Trust NASDAQ-100 Technology Index Fund 20.98% to 19.99%. New: Dreyfus Government Cash Management (0.12%). Gone: Dreyfus Government Cash Management (0.12%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 21 Nov 2024 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/6 positions became 6: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 2.8%. Largest increases: First Trust Nasdaq Semiconductor ETF 20.42% to 22.5%; First Trust NASDAQ-100 Technology Index Fund 20.28% to 20.98%; Dreyfus Government Cash Management 0.06% to 0.12%. Largest decreases: First Trust Consumer Discretionary AlphaDEX Fund 19.63% to 18.2%; First Trust Industrials/Producer Durables AlphaDEX Fund 20.03% to 18.67%; First Trust Dow Jones Internet Index Fund 19.58% to 19.54%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 23 Aug 2024 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 6: 1 added (0.06% of the fund), 0 dropped (0%). Turnover proxy 0.6%. Largest increases: First Trust Industrials/Producer Durables AlphaDEX Fund 19.65% to 20.03%; First Trust Nasdaq Semiconductor ETF 20.29% to 20.42%. Largest decreases: First Trust NASDAQ-100 Technology Index Fund 20.6% to 20.28%; First Trust Consumer Discretionary AlphaDEX Fund 19.8% to 19.63%; First Trust Dow Jones Internet Index Fund 19.65% to 19.58%. New: Dreyfus Government Cash Management (0.06%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 May 2024 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1.1%. Largest increases: First Trust NASDAQ-100 Technology Index Fund 20.01% to 20.6%; First Trust Nasdaq Semiconductor ETF 19.75% to 20.29%. Largest decreases: First Trust Industrials/Producer Durables AlphaDEX Fund 20.42% to 19.65%; First Trust Consumer Discretionary AlphaDEX Fund 20.09% to 19.8%; First Trust Dow Jones Internet Index Fund 19.73% to 19.65%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 26 Feb 2024 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (20.01% of the fund), 1 dropped (19.03%). Turnover proxy 20.3%. Largest increases: First Trust Dow Jones Internet Index Fund 19.47% to 19.73%. Largest decreases: First Trust Nasdaq Semiconductor ETF 20.6% to 19.75%; First Trust Consumer Discretionary AlphaDEX Fund 20.36% to 20.09%; First Trust Industrials/Producer Durables AlphaDEX Fund 20.53% to 20.42%. New: First Trust NASDAQ-100 Technology Index Fund (20.01%). Gone: First Trust Nasdaq Food & Beverage ETF (19.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 21 Nov 2023 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (19.47% of the fund), 1 dropped (19.9%). Turnover proxy 20.8%. Largest increases: First Trust Industrials/Producer Durables AlphaDEX Fund 19.98% to 20.53%; First Trust Nasdaq Semiconductor ETF 20.18% to 20.6%; First Trust Consumer Discretionary AlphaDEX Fund 20% to 20.36%. Largest decreases: First Trust Nasdaq Food & Beverage ETF 19.93% to 19.03%. New: First Trust Dow Jones Internet Index Fund (19.47%). Gone: First Trust Materials AlphaDEX Fund (19.9%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 24 Aug 2023 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 2 added (40.18% of the fund), 2 dropped (43.23%). Turnover proxy 43.3%. Largest increases: First Trust Materials AlphaDEX Fund 17.21% to 19.9%; First Trust Industrials/Producer Durables AlphaDEX Fund 19.56% to 19.98%. Largest decreases: First Trust Nasdaq Food & Beverage ETF 20.01% to 19.93%. New: First Trust Nasdaq Semiconductor ETF (20.18%), First Trust Consumer Discretionary AlphaDEX Fund (20%). Gone: First Trust Energy AlphaDEX Fund (21.96%), First Trust Nasdaq Oil & Gas ETF (21.27%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 May 2023 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1.1%. Largest increases: First Trust Materials AlphaDEX Fund 16.5% to 17.21%; First Trust Nasdaq Oil & Gas ETF 20.92% to 21.27%; First Trust Industrials/Producer Durables AlphaDEX Fund 19.54% to 19.56%. Largest decreases: First Trust Nasdaq Food & Beverage ETF 20.58% to 20.01%; First Trust Energy AlphaDEX Fund 22.46% to 21.96%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 22 Feb 2023 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 2.5%. Largest increases: First Trust Exchange-Traded AlphaDEX Fund 21.05% to 22.46%; First Trust Exchange-Traded Fund VI 19.78% to 20.92%. Largest decreases: First Trust Exchange-Traded AlphaDEX Fund 17.82% to 16.5%; First Trust Exchange-Traded AlphaDEX Fund 20.28% to 19.54%; First Trust Exchange-Traded Fund VI 21.06% to 20.58%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 29 Nov 2022 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (21.06% of the fund), 1 dropped (19.69%). Turnover proxy 23.1%. Largest increases: First Trust Exchange-Traded AlphaDEX Fund 19.68% to 21.05%; First Trust Exchange-Traded AlphaDEX Fund 19.9% to 20.28%; First Trust Exchange-Traded Fund VI 19.49% to 19.78%. Largest decreases: First Trust Exchange-Traded AlphaDEX Fund 21.23% to 17.82%. New: First Trust Exchange-Traded Fund VI (21.06%). Gone: First Trust Consumer Discretionary AlphaDEX Fund (19.69%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 30 Jun 2022 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 2 added (40.91% of the fund), 2 dropped (40.12%). Turnover proxy 41%. Largest increases: First Trust Nasdaq Oil & Gas ETF 19.44% to 19.49%. Largest decreases: First Trust Industrials/Producer Durables AlphaDEX Fund 20.39% to 19.9%; First Trust Consumer Discretionary AlphaDEX Fund 20.05% to 19.69%. New: First Trust Materials AlphaDEX Fund (21.23%), First Trust Energy AlphaDEX Fund (19.68%). Gone: First Trust Exchange-Traded Fund VI (20.1%), First Trust Exchange-Traded Fund (20.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 26 May 2022 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (19.44% of the fund), 1 dropped (19.64%). Turnover proxy 20.5%. Largest increases: First Trust Exchange-Traded Fund VI 19.08% to 20.1%. Largest decreases: First Trust Exchange-Traded AlphaDEX Fund 20.51% to 20.05%; First Trust Exchange-Traded Fund 20.25% to 20.03%; First Trust Exchange-Traded AlphaDEX Fund 20.52% to 20.39%. New: First Trust Exchange-Traded Fund VI (19.44%). Gone: First Trust Exchange-Traded AlphaDEX Fund (19.64%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Feb 2022 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1.3%. Largest increases: First Trust Exchange-Traded Fund 19.72% to 20.25%; First Trust Exchange-Traded AlphaDEX Fund 19.18% to 19.64%; First Trust Exchange-Traded AlphaDEX Fund 20.36% to 20.51%; First Trust Exchange-Traded AlphaDEX Fund 20.4% to 20.52%. Largest decreases: First Trust Exchange-Traded Fund VI 20.35% to 19.08%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 Nov 2021 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1.3%. Largest increases: First Trust Exchange-Traded Fund 18.97% to 19.72%; First Trust Exchange-Traded AlphaDEX Fund 18.63% to 19.18%. Largest decreases: First Trust Exchange-Traded Fund VI 20.9% to 20.35%; First Trust Exchange-Traded AlphaDEX Fund 20.79% to 20.4%; First Trust Exchange-Traded AlphaDEX Fund 20.71% to 20.36%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 23 Aug 2021 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (20.79% of the fund), 1 dropped (18.94%). Turnover proxy 22.8%. Largest increases: First Trust Exchange Traded Fund VI 19.86% to 20.9%; First Trust Exchange-Traded AlphaDEX Fund 19.73% to 20.71%. Largest decreases: First Trust Exchange-Traded AlphaDEX Fund 21.44% to 18.63%; First Trust Exchange-Traded Fund 20.04% to 18.97%. New: First Trust Exchange-Traded AlphaDEX Fund (20.79%). Gone: First Trust Exchange-Traded Fund (18.94%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 21 May 2021 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 1.1%. Largest increases: First Trust Exchange-Traded AlphaDEX Fund 20.69% to 21.44%; First Trust Exchange Traded Fund VI 19.61% to 19.86%; First Trust Exchange-Traded AlphaDEX Fund 19.58% to 19.73%. Largest decreases: First Trust Exchange-Traded Fund 19.95% to 18.94%; First Trust Exchange-Traded Fund 20.17% to 20.04%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 25 Feb 2021 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (19.61% of the fund), 1 dropped (16.7%). Turnover proxy 20.2%. Largest increases: First Trust Exchange-Traded AlphaDEX Fund 19.02% to 19.58%. Largest decreases: First Trust Exchange-Traded Fund 21.38% to 19.95%; First Trust Exchange-Traded AlphaDEX Fund 21.75% to 20.69%; First Trust Exchange-Traded Fund 21.16% to 20.17%. New: First Trust Exchange-Traded Fund VI (19.61%). Gone: First Trust Exchange-Traded AlphaDEX Fund (16.7%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 19 Nov 2020 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 2 added (35.72% of the fund), 2 dropped (39.34%). Turnover proxy 39.3%. Largest increases: First Trust Exchange-Traded AlphaDEX Fund 19.98% to 21.75%; First Trust Exchange-Traded Fund 20.4% to 21.38%; First Trust Exchange-Traded Fund 20.28% to 21.16%. New: First Trust Exchange-Traded AlphaDEX Fund (19.02%), First Trust Exchange-Traded AlphaDEX Fund (16.7%). Gone: First Trust Exchange-Traded Fund II (20.31%), First Trust Exchange-Traded AlphaDEX Fund (19.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 24 Aug 2020 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 1 added (20.31% of the fund), 1 dropped (19.91%). Turnover proxy 21.7%. Largest increases: First Trust Exchange-Traded Fund 19.14% to 20.4%; First Trust Exchange-Traded AlphaDEX Fund 18.86% to 19.03%. Largest decreases: First Trust Exchange-Traded Fund 21.3% to 20.28%; First Trust Exchange-Traded AlphaDEX Fund 20.79% to 19.98%. New: First Trust Exchange-Traded Fund II (20.31%). Gone: First Trust Exchange-Traded AlphaDEX Fund (19.91%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 26 May 2020 12:00:00 GMThttps://themulden.com/funds/fv/https://themulden.com/funds/fv/5 positions became 5: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 2.4%. Largest increases: First Trust Exchange-Traded Fund 19.85% to 21.3%; First Trust Exchange-Traded AlphaDEX Fund 19.89% to 20.79%. Largest decreases: First Trust Exchange-Traded AlphaDEX Fund 20.39% to 18.86%; First Trust Exchange-Traded Fund 19.73% to 19.14%; First Trust Exchange-Traded AlphaDEX Fund 20.14% to 19.91%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 26 Feb 2020 12:00:00 GMT