# EDGAR Filing Document

**Accession Number:** 0001383496
**File Stem:** 0000940400-25-014178
**Filing Date:** 2025-12
**Character Count:** 128781
**Document Hash:** b1768cd2f175c04cd94578c736c6ca1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014178.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000940400-25-014178

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND
- **CENTRAL INDEX KEY:** 0001383496

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22019
- **FILM NUMBER:** 251597732

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Materials AlphaDEX Fund (Series ID: S000017702)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000048902 | First Trust Materials AlphaDEX Fund | FXZ             |

## Nport-Ex

**First Trust Consumer Discretionary AlphaDEX**<sup>®</sup> **Fund (FXD)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Automobile Components —** <br> **4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40341 | Aptiv PLC (a) | $3271655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39563 | BorgWarner, Inc. | 1699627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122912 | Gentex Corp. | 2882286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45096 | Lear Corp. | 4719296 |
|  |  | 12572864 |
|  | **Automobiles — 5.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290838 | Ford Motor Co. | 3818703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74414 | General Motors Co. | 5141263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124675 | Harley-Davidson, Inc. | 3363732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3911 | Tesla, Inc. (a) | 1785606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33544 | Thor Industries, Inc. | 3500316 |
|  |  | 17609620 |
|  | **Broadline Retail — 6.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7921 | Amazon.com, Inc. (a) | 1934467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140900 | Coupang, Inc. (a) | 4504573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4431 | Dillard's, Inc., Class A | 2658954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9561 | eBay, Inc. | 777405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52393 | Etsy, Inc. (a) | 3248366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253045 | Macy's, Inc. | 4931847 |
|  |  | 18055612 |
|  | **Commercial Services &** <br> **Supplies — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38677 | Copart, Inc. (a) | 1663498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16053 | RB Global, Inc. | 1592779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14804 | Rollins, Inc. | 852858 |
|  |  | 4109135 |
|  | **Consumer Staples Distribution** <br> **& Retail — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18650 | &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, <br> Inc. (a) | 1646049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 941 | Costco Wholesale Corp. | 857674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16828 | Dollar General Corp. | 1660250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9216 | Dollar Tree, Inc. (a) | 913490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50579 | Target Corp. | 4689685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26415 | Walmart, Inc. | 2672670 |
|  |  | 12439818 |
|  | **Distributors — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6275 | Genuine Parts Co. | 798870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148560 | LKQ Corp. | 4747978 |
|  |  | 5546848 |
|  | **Diversified Consumer Services** <br> **— 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12400 | &nbsp;&nbsp;&nbsp; Grand Canyon Education, <br> Inc. (a) | 2334920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53832 | H&R Block, Inc. | 2677604 |
|  |  | 5012524 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Entertainment — 7.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8325 | &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty <br> Formula One, Class C (a) | $831251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16660 | &nbsp;&nbsp;&nbsp; Live Nation Entertainment, <br> Inc. (a) | 2491170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1449 | Netflix, Inc. (a) | 1621228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32754 | ROBLOX Corp., Class A (a) | 3724785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2492 | Spotify Technology S.A. (a) | 1633057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6733 | &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, <br> Inc. (a) | 1726139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17224 | TKO Group Holdings, Inc. | 3245002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30380 | Walt Disney (The) Co. | 3421396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139388 | Warner Bros. Discovery, Inc. (a) | 3129261 |
|  |  | 21823289 |
|  | **Ground Transportation —** <br> **3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16954 | Avis Budget Group, Inc. (a) (b) | 2306931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206134 | Lyft, Inc., Class A (a) | 4217502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27786 | Uber Technologies, Inc. (a) | 2681349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53484 | U-Haul Holding Co. | 2593439 |
|  |  | 11799221 |
|  | **Hotels, Restaurants & Leisure** <br> **— 15.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22647 | Aramark | 857868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323 | Booking Holdings, Inc. | 1640110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40238 | Boyd Gaming Corp. | 3133333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100730 | Caesars Entertainment, Inc. (a) | 2024673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120318 | Carnival Corp. (a) | 3468768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8136 | &nbsp;&nbsp;&nbsp; Choice Hotels International, <br> Inc. (b) | 756323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17927 | Churchill Downs, Inc. | 1778358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4566 | Darden Restaurants, Inc. | 822565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23250 | DraftKings, Inc., Class A (a) | 711218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16612 | Dutch Bros, Inc., Class A (a) | 922631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21225 | Expedia Group, Inc. | 4669500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6849 | Flutter Entertainment PLC (a) | 1593009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3354 | Hilton Worldwide Holdings, Inc. | 861844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50609 | Las Vegas Sands Corp. | 3003644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50181 | MGM Resorts International (a) | 1607297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141227 | &nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings <br> Ltd. (a) | 3166309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141343 | Penn Entertainment, Inc. (a) | 2326506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8378 | Planet Fitness, Inc., Class A (a) | 759801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13560 | &nbsp;&nbsp;&nbsp; Restaurant Brands International, <br> Inc. | 890756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8415 | Royal Caribbean Cruises Ltd. | 2413674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58468 | Travel + Leisure Co. | 3670621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5815 | Vail Resorts, Inc. | 862539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72992 | Viking Holdings Ltd. (a) | 4441563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94934 | Wendy's (The) Co. | 810736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5722 | Yum! Brands, Inc. | 790838 |
|  |  | 47984484 |

---

------

**First Trust Consumer Discretionary AlphaDEX**<sup>®</sup> **Fund (FXD)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Household Durables — 8.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20526 | D.R. Horton, Inc. | $3060016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3534 | Garmin Ltd. | 756064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35998 | Lennar Corp., Class A | 4455473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337 | NVR, Inc. (a) | 2430046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34339 | PulteGroup, Inc. | 4116216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26390 | SharkNinja, Inc. (a) | 2256345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53800 | Somnigroup International, Inc. | 4268492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32844 | Toll Brothers, Inc. | 4432298 |
|  |  | 25774950 |
|  | **Leisure Products — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269582 | Mattel, Inc. (a) | 4954917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104835 | YETI Holdings, Inc. (a) | 3563342 |
|  |  | 8518259 |
|  | **Media — 3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55158 | Fox Corp., Class A | 3565965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15148 | &nbsp;&nbsp;&nbsp; New York Times (The) Co., <br> Class A | 863284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28316 | News Corp., Class A | 750374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17592 | Nexstar Media Group, Inc. | 3443282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21331 | Omnicom Group, Inc. | 1600252 |
|  |  | 10223157 |
|  | **Passenger Airlines — 4.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69873 | Alaska Air Group, Inc. (a) | 2915800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154733 | &nbsp;&nbsp;&nbsp; American Airlines Group, <br> Inc. (a) | 2031644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79948 | Delta Air Lines, Inc. | 4587416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54505 | Southwest Airlines Co. | 1651502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36045 | &nbsp;&nbsp;&nbsp; United Airlines Holdings, <br> Inc. (a) | 3389672 |
|  |  | 14576034 |
|  | **Specialty Retail — 19.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12445 | AutoNation, Inc. (a) | 2487382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634 | AutoZone, Inc. (a) | 2329589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105675 | Bath & Body Works, Inc. | 2586924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22999 | Best Buy Co., Inc. | 1889138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6835 | Burlington Stores, Inc. (a) | 1869988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77520 | CarMax, Inc. (a) | 3248863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12026 | Carvana Co. (a) | 3686450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67299 | Chewy, Inc., Class A (a) | 2269322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12251 | Dick's Sporting Goods, Inc. | 2712984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5622 | Five Below, Inc. (a) | 884172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212109 | Gap (The), Inc. | 4846691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4291 | Home Depot (The), Inc. | 1628821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14358 | Lithia Motors, Inc. | 4509561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3458 | Lowe's Cos., Inc. | 823454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25253 | O'Reilly Automotive, Inc. (a) | 2384893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20003 | Penske Automotive Group, Inc. | 3201880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11413 | Ross Stores, Inc. | 1813754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18832 | TJX (The) Cos., Inc. | 2639116 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Specialty Retail (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15292 | Tractor Supply Co. | $827450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6363 | Ulta Beauty, Inc. (a) | 3307996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48434 | Valvoline, Inc. (a) | 1598806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50790 | Wayfair, Inc., Class A (a) | 5257273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13930 | Williams-Sonoma, Inc. | 2707156 |
|  |  | 59511663 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 8.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38434 | Birkenstock Holding PLC (a) | 1533901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86750 | Columbia Sportswear Co. | 4305403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20818 | Crocs, Inc. (a) | 1700622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19549 | Lululemon Athletica, Inc. (a) | 3333886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54159 | PVH Corp. | 4242274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14471 | Ralph Lauren Corp. | 4625800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30722 | Tapestry, Inc. | 3373890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697075 | &nbsp;&nbsp;&nbsp; Under Armour, Inc., <br> Class A (a) (b) | 3213516 |
|  |  | 26329292 |
|  | **Trading Companies &** <br> **Distributors — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6754 | &nbsp;&nbsp;&nbsp; SiteOne Landscape Supply, <br> Inc. (a) | 876467 |
|  | **Total Common Stocks** | 302763237 |
|  | (Cost $295,537,893) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361999 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (c) | 361999 |
|  | (Cost $361,999) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 1.7%** | **REPURCHASE AGREEMENTS — 1.7%** | **REPURCHASE AGREEMENTS — 1.7%** |
| $5234264 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 4.14% (c), dated <br> 10/31/25, due 11/03/25, with a <br> maturity value of $5,236,070. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 02/15/26 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $5,338,950. (d) | 5234264 |
|  | (Cost $5,234,264) |  |
|  | **Total Investments — 101.8%** | 308359500 |
|  | (Cost $301,134,156) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.8)%** | (5459371)<br>|
|  | **Net Assets — 100.0%** | $302900129 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Consumer Discretionary AlphaDEX**<sup>®</sup> **Fund (FXD)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $5,094,870 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $5,234,264.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security serves as collateral for securities on loan.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $302763237 | &nbsp;&nbsp; $302763237 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 361999 | &nbsp;&nbsp; 361999 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 5234264 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5234264 | &nbsp;&nbsp; — |
| Total Investments | $308359500 | &nbsp;&nbsp; $303125236 | &nbsp;&nbsp; $5234264 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Consumer Staples AlphaDEX**<sup>®</sup> **Fund (FXG)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Beverages — 17.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31874 | &nbsp;&nbsp;&nbsp; Boston Beer (The) Co., Inc., <br> Class A (a) | $6597599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248851 | Brown-Forman Corp., Class B | 6776213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156292 | Celsius Holdings, Inc. (a) | 9413467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38346 | Coca-Cola Consolidated, Inc. | 4999551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176111 | Keurig Dr Pepper, Inc. | 4783175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248211 | &nbsp;&nbsp;&nbsp; Molson Coors Beverage Co., <br> Class B | 10851785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33373 | Monster Beverage Corp. (a) | 2230318 |
|  |  | 45652108 |
|  | **Chemicals — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66430 | Corteva, Inc. | 4081459 |
|  | **Consumer Staples Distribution** <br> **& Retail — 13.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384861 | Albertsons Cos., Inc., Class A | 6808191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15894 | Casey's General Stores, Inc. | 8156642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66646 | Kroger (The) Co. | 4240685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107954 | Performance Food Group Co. (a) | 10443470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81842 | Sysco Corp. | 6079224 |
|  |  | 35728212 |
|  | **Food Products — 47.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75203 | Archer-Daniels-Midland Co. | 4552038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138235 | Bunge Global S.A. | 13077031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213392 | Campbell's (The) Co. | 6429501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613408 | Conagra Brands, Inc. | 10544483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218300 | Darling Ingredients, Inc. (a) | 6996515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688522 | Flowers Foods, Inc. | 8214067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178208 | General Mills, Inc. | 8306275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12008 | Hershey (The) Co. | 2036917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272390 | Hormel Foods Corp. | 5880900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91978 | Ingredion, Inc. | 10615181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77353 | Lamb Weston Holdings, Inc. | 4775001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33573 | McCormick & Co., Inc. | 2154044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35958 | &nbsp;&nbsp;&nbsp; Mondelez International, Inc., <br> Class A | 2066147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275824 | Pilgrim's Pride Corp. | 10508894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83599 | Post Holdings, Inc. (a) | 8688444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478344 | Smithfield Foods, Inc. | 10600103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165474 | Tyson Foods, Inc., Class A | 8507018 |
|  |  | 123952559 |
|  | **Health Care Providers &** <br> **Services — 10.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28751 | Cencora, Inc. | 9712376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89388 | CVS Health Corp. | 6985672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14539 | McKesson Corp. | 11796072 |
|  |  | 28494120 |
|  | **Household Products — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18218 | Clorox (The) Co. | 2048796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28099 | Colgate-Palmolive Co. | 2165028 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Household Products** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18066 | Kimberly-Clark Corp. | $2162681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14620 | Procter & Gamble (The) Co. | 2198409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367192 | &nbsp;&nbsp;&nbsp; Reynolds Consumer Products, <br> Inc. | 8974173 |
|  |  | 17549087 |
|  | **Personal Care Products —** <br> **1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276808 | Kenvue, Inc. | 3977731 |
|  | **Tobacco — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68008 | Altria Group, Inc. | 3834291 |
|  | **Total Common Stocks** | 263269567 |
|  | (Cost $271,491,336) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151792 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | 151792 |
|  | (Cost $151,792) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $2552 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 4.14% (b), dated <br> 10/31/25, due 11/03/25, with a <br> maturity value of $2,553. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 02/15/26 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $2,603. (c) | 2552 |
|  | (Cost $2,552) |  |
|  | **Total Investments — 99.8%** | 263423911 |
|  | (Cost $271,645,680) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 465269 |
|  | **Net Assets — 100.0%** | $263889180 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security serves as collateral for securities on loan.

------

**First Trust Consumer Staples AlphaDEX**<sup>®</sup> **Fund (FXG)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $263269567 | &nbsp;&nbsp; $263269567 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 151792 | &nbsp;&nbsp; 151792 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 2552 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2552 | &nbsp;&nbsp; — |
| Total Investments | $263423911 | &nbsp;&nbsp; $263421359 | &nbsp;&nbsp; $2552 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Energy AlphaDEX**<sup>®</sup> **Fund (FXN)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Energy Equipment & Services** <br> **— 18.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138555 | Baker Hughes Co. | $6707447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365867 | Halliburton Co. | 9819870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679270 | NOV, Inc. | 9917342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261863 | SLB Ltd. | 9442780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114069 | TechnipFMC PLC | 4716753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98646 | Weatherford International PLC | 7269224 |
|  |  | 47873416 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 77.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115741 | Antero Midstream Corp. | 1996532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201138 | Antero Resources Corp. (a) | 6217176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370685 | APA Corp. | 8396015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19148 | Cheniere Energy, Inc. | 4059376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43468 | Chevron Corp. | 6855773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67927 | Chord Energy Corp. | 6162337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395615 | Civitas Resources, Inc. | 11405581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95147 | ConocoPhillips | 8454762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543658 | Coterra Energy, Inc. | 12862948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366728 | Devon Energy Corp. | 11914993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89847 | Diamondback Energy, Inc. | 12865192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19901 | DT Midstream, Inc. | 2178961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114681 | EOG Resources, Inc. | 12137837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82678 | EQT Corp. | 4429887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42355 | Expand Energy Corp. | 4375695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79830 | Exxon Mobil Corp. | 9129359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128973 | HF Sinclair Corp. | 6655007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158958 | Kinder Morgan, Inc. | 4163110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11676 | Marathon Petroleum Corp. | 2275769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286170 | Matador Resources Co. | 11292268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95240 | Occidental Petroleum Corp. | 3923888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61669 | ONEOK, Inc. | 4131823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222894 | Ovintiv, Inc. | 8360754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1004497 | Permian Resources Corp. | 12616482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33082 | Phillips 66 | 4503784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179338 | Range Resources Corp. | 6375466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13434 | Targa Resources Corp. | 2069373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2412 | Texas Pacific Land Corp. | 2275433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13214 | Valero Energy Corp. | 2240566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235490 | Viper Energy, Inc., Class A | 8845004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35518 | Williams (The) Cos., Inc. | 2055427 |
|  |  | 205226578 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63578 | Enphase Energy, Inc. (a) | 1939765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30611 | First Solar, Inc. (a) | 8171300 |
|  |  | 10111065 |
|  | **Total Common Stocks** | 263211059 |
|  | (Cost $307,919,886) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401282 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | $401282 |
|  | (Cost $401,282) |  |
|  | **Total Investments — 100.0%** | 263612341 |
|  | (Cost $308,321,168) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (84502)<br>|
|  | **Net Assets — 100.0%** | $263527839 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $263211059 | &nbsp;&nbsp; $263211059 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 401282 | &nbsp;&nbsp; 401282 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $263612341 | &nbsp;&nbsp; $263612341 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Financials AlphaDEX**<sup>®</sup> **Fund (FXO)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Banks — 27.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404363 | Bank of America Corp. | $21613202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716106 | Bank OZK | 32217609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187197 | BOK Financial Corp. | 19577062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359679 | Citigroup, Inc. | 36410305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261617 | Citizens Financial Group, Inc. | 13308457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1080620 | Columbia Banking System, Inc. | 28960616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202976 | Comerica, Inc. | 15527664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116359 | Commerce Bancshares, Inc. | 6123974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54860 | Cullen/Frost Bankers, Inc. | 6755461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130653 | East West Bancorp, Inc. | 13274345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312173 | Fifth Third Bancorp | 12992640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11657 | &nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., <br> Class A | 21271927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560110 | First Hawaiian, Inc. | 13739498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615101 | First Horizon Corp. | 13138557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1294931 | FNB Corp. | 20356315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805297 | Huntington Bancshares, Inc. | 12433786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140750 | M&T Bank Corp. | 25879703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2280282 | NU Holdings Ltd., Class A (a) | 36735343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148286 | Pinnacle Financial Partners, Inc. | 12635450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69214 | &nbsp;&nbsp;&nbsp; PNC Financial Services Group <br> (The), Inc. | 12635016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219000 | Popular, Inc. | 24411930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419215 | Prosperity Bancshares, Inc. | 27592731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527394 | Regions Financial Corp. | 12762935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140662 | SouthState Bank Corp. | 12469686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 608386 | Truist Financial Corp. | 27152267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431639 | U.S. Bancorp | 20148909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350968 | Webster Financial Corp. | 20019215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82956 | Wells Fargo & Co. | 7214683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240565 | Western Alliance Bancorp | 18607703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105018 | Wintrust Financial Corp. | 13654440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368708 | Zions Bancorp N.A. | 19213374 |
|  |  | 578834803 |
|  | **Capital Markets — 29.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87490 | Affiliated Managers Group, Inc. | 20819120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335047 | &nbsp;&nbsp;&nbsp; Bank of New York Mellon (The) <br> Corp. | 36161623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122099 | Blackstone, Inc. | 17904597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122121 | &nbsp;&nbsp;&nbsp; Brookfield Asset Management <br> Ltd., Class A | 6601861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110913 | Carlyle Group (The), Inc. | 5913881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145670 | Charles Schwab (The) Corp. | 13768728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82414 | &nbsp;&nbsp;&nbsp; Coinbase Global, Inc., <br> Class A (a) | 28332285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48542 | FactSet Research Systems, Inc. | 12951006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601275 | Franklin Resources, Inc. | 13594828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212089 | &nbsp;&nbsp;&nbsp; Freedom Holding <br> Corp./N.V. (a) (b) | 32589596 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Capital Markets (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45846 | &nbsp;&nbsp;&nbsp; Goldman Sachs Group (The), <br> Inc. | $36189457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135468 | Houlihan Lokey, Inc. | 24259609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530550 | &nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., <br> Class A | 37329498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1212517 | Invesco Ltd. | 28736653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624916 | Janus Henderson Group PLC | 27221341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558048 | Jefferies Financial Group, Inc. | 29481676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395255 | Lazard, Inc. | 19288444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62706 | LPL Financial Holdings, Inc. | 23659601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39909 | MarketAxess Holdings, Inc. | 6387835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59949 | Morningstar, Inc. | 12727173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51664 | Northern Trust Corp. | 6647607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254975 | &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc., <br> Class A (a) | 37425231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327812 | SEI Investments Company | 26424925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179823 | State Street Corp. | 20798328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355677 | T. Rowe Price Group, Inc. | 36467563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484161 | TPG, Inc. | 26648221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783524 | Virtu Financial, Inc., Class A | 27297976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370081 | XP, Inc., Class A | 6742876 |
|  |  | 622371539 |
|  | **Consumer Finance — 5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 709566 | Ally Financial, Inc. | 27651787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29792 | Credit Acceptance Corp. (a) (b) | 13327153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492658 | OneMain Holdings, Inc. | 29160427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1381805 | SoFi Technologies, Inc. (a) | 41011973 |
|  |  | 111151340 |
|  | **Financial Services — 5.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55328 | &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., <br> Class B (a) | 26421333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273873 | Equitable Holdings, Inc. | 13529326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1286829 | MGIC Investment Corp. | 35284851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4567341 | UWM Holdings Corp. | 25714130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92967 | Voya Financial, Inc. | 6922323 |
|  |  | 107871963 |
|  | **Insurance — 30.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129580 | Allstate (The) Corp. | 24817162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47716 | American Financial Group, Inc. | 6283243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464819 | &nbsp;&nbsp;&nbsp; American International Group, <br> Inc. | 36702108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402373 | Arch Capital Group Ltd. | 34728814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32099 | Assurant, Inc. | 6796000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431277 | Assured Guaranty Ltd. | 34752301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290346 | Axis Capital Holdings Ltd. | 27193806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687782 | Brighthouse Financial, Inc. (a) | 39251719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73915 | Chubb Ltd. | 20470020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175930 | Cincinnati Financial Corp. | 27197019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299346 | CNA Financial Corp. | 13335864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19854 | Everest Group Ltd. | 6244480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229915 | Fidelity National Financial, Inc. | 12700505 |

---

------

**First Trust Financials AlphaDEX**<sup>®</sup> **Fund (FXO)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Insurance (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108244 | First American Financial Corp. | $6766332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145913 | Globe Life, Inc. | 19189019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114853 | &nbsp;&nbsp;&nbsp; Hanover Insurance Group (The), <br> Inc. | 19626081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156396 | &nbsp;&nbsp;&nbsp; Hartford Insurance Group (The), <br> Inc. | 19421255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708192 | Kemper Corp. | 31861558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689685 | Lincoln National Corp. | 28966770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207801 | Loews Corp. | 20688667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14548 | Markel Group, Inc. (a) | 28725462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84416 | MetLife, Inc. | 6738085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491209 | Old Republic International Corp. | 19383107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50101 | Primerica, Inc. | 13019747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83868 | Principal Financial Group, Inc. | 7048267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84472 | Progressive (The) Corp. | 17401232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36195 | &nbsp;&nbsp;&nbsp; Reinsurance Group of America, <br> Inc. | 6604140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143770 | RenaissanceRe Holdings Ltd. | 36530519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106616 | RLI Corp. | 6286079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74719 | Travelers (The) Cos., Inc. | 20071018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469364 | Unum Group | 34460705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90758 | W.R. Berkley Corp. | 6474676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4154 | &nbsp;&nbsp;&nbsp; White Mountains Insurance <br> Group Ltd. | 7911542 |
|  |  | 647647302 |
|  | **Mortgage REITs — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344074 | &nbsp;&nbsp;&nbsp; Annaly Capital Management, <br> Inc. | 7284046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3205208 | Rithm Capital Corp. | 35161132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358999 | Starwood Property Trust, Inc. | 6526602 |
|  |  | 48971780 |
|  | **Total Common Stocks** | 2116848727 |
|  | (Cost $1,958,377,807) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2041945 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (c) | 2041945 |
|  | (Cost $2,041,945) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.9%** | **REPURCHASE AGREEMENTS — 0.9%** | **REPURCHASE AGREEMENTS — 0.9%** |
| $18923551 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.16% (c), dated 10/31/25, due <br> 11/03/25, with a maturity <br> value of $18,930,111. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 1.13% to <br> 4.63%, due 06/15/26 to <br> 02/15/35. The value of the <br> collateral including accrued <br> interest is $19,302,027. (d) | $18923551 |
|  | (Cost $18,923,551) |  |
|  | **Total Investments — 100.9%** | 2137814223 |
|  | (Cost $1,979,343,303) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.9)%** | (19233125)<br>|
|  | **Net Assets — 100.0%** | $2118581098 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $18,425,235 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $18,923,551.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $2116848727 | &nbsp;&nbsp; $2116848727 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 2041945 | &nbsp;&nbsp; 2041945 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 18923551 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18923551 | &nbsp;&nbsp; — |
| Total Investments | $2137814223 | &nbsp;&nbsp; $2118890672 | &nbsp;&nbsp; $18923551 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Health Care AlphaDEX**<sup>®</sup> **Fund (FXH)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Biotechnology — 28.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34419 | AbbVie, Inc. | $7504719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34954 | &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, <br> Inc. (a) | 15940422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13237 | Amgen, Inc. | 3950318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 352160 | Apellis Pharmaceuticals, Inc. (a) | 7560875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142229 | Biogen, Inc. (a) | 21941668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367862 | &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, <br> Inc. (a) | 19706367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68281 | Exact Sciences Corp. (a) | 4417098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289444 | Exelixis, Inc. (a) | 11192799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71796 | Gilead Sciences, Inc. | 8600443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217327 | Halozyme Therapeutics, Inc. (a) | 14167547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234919 | Incyte Corp. (a) | 21960228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138347 | Insmed, Inc. (a) | 26230591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304546 | Ionis Pharmaceuticals, Inc. (a) | 22627768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23207 | Natera, Inc. (a) | 4616569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113540 | Neurocrine Biosciences, Inc. (a) | 16260063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35434 | Regeneron Pharmaceuticals, Inc. | 23095881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193858 | Sarepta Therapeutics, Inc. (a) | 4654531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47526 | United Therapeutics Corp. (a) | 21169506 |
|  |  | 255597393 |
|  | **Health Care Equipment &** <br> **Supplies — 18.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118999 | Abbott Laboratories | 14710656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95464 | Align Technology, Inc. (a) | 13162576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164060 | Baxter International, Inc. | 3030188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42578 | Becton Dickinson & Co. | 7609114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116239 | Cooper (The) Cos., Inc. (a) | 8126269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48034 | Edwards Lifesciences Corp. (a) | 3960403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183390 | Envista Holdings Corp. (a) | 3731987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159175 | &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, <br> Inc. | 11930166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278309 | &nbsp;&nbsp;&nbsp; Globus Medical, Inc., <br> Class A (a) | 16807081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118082 | Hologic, Inc. (a) | 8727441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18711 | IDEXX Laboratories, Inc. (a) | 11778762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25814 | Insulet Corp. (a) | 8080040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83677 | Medtronic PLC | 7589504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14747 | Penumbra, Inc. (a) | 3353025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29114 | ResMed, Inc. | 7187664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15097 | STERIS PLC | 3558363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130261 | Teleflex, Inc. | 16213587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161814 | Zimmer Biomet Holdings, Inc. | 16272016 |
|  |  | 165828842 |
|  | **Health Care Providers &** <br> **Services — 22.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804662 | Acadia Healthcare Co., Inc. (a) | 17300233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50773 | Cardinal Health, Inc. | 9685965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558392 | Centene Corp. (a) | 19750325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17798 | Chemed Corp. | 7676277 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Health Care Providers &** <br> **Services (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55295 | Cigna Group (The) | $13514651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49327 | Elevance Health, Inc. | 15646524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29410 | Encompass Health Corp. | 3348329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37397 | HCA Healthcare, Inc. | 17190653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180112 | Henry Schein, Inc. (a) | 11383078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45947 | Humana, Inc. | 12781996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13014 | Labcorp Holdings, Inc. | 3305035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104115 | Molina Healthcare, Inc. (a) | 15935842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62725 | Quest Diagnostics, Inc. | 11036464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58875 | Tenet Healthcare Corp. (a) | 12157099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34619 | UnitedHealth Group, Inc. | 11824466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97454 | &nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B | 21148493 |
|  |  | 203685430 |
|  | **Health Care Technology —** <br> **2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217891 | Doximity, Inc., Class A (a) | 14380806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40126 | Veeva Systems, Inc., Class A (a) | 11684691 |
|  |  | 26065497 |
|  | **Life Sciences Tools & Services** <br> **— 15.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29106 | Agilent Technologies, Inc. | 4259954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1596429 | Avantor, Inc. (a) | 18869791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42634 | &nbsp;&nbsp;&nbsp; Bio-Rad Laboratories, Inc., <br> Class A (a) | 13623695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167829 | Illumina, Inc. (a) | 20733595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19668 | IQVIA Holdings, Inc. (a) | 4257335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38750 | Medpace Holdings, Inc. (a) | 22665262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178365 | QIAGEN N.V. | 8356400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90923 | Revvity, Inc. | 8509484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506635 | Sotera Health Co. (a) | 8410141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246852 | Tempus AI, Inc. (a) (b) | 22179652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7702 | Thermo Fisher Scientific, Inc. | 4370038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12460 | Waters Corp. (a) | 4356016 |
|  |  | 140591363 |
|  | **Pharmaceuticals — 13.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265057 | Bristol-Myers Squibb Co. | 12211176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95889 | Corcept Therapeutics, Inc. (a) | 7044965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791397 | Elanco Animal Health, Inc. (a) | 17529443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64470 | Johnson & Johnson | 12176449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189905 | Merck & Co., Inc. | 16328032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1492392 | Organon & Co. | 10073646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536778 | Perrigo Co. PLC | 11132776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781924 | Pfizer, Inc. | 19274427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338834 | Royalty Pharma PLC, Class A | 12719828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25530 | Zoetis, Inc. | 3678618 |
|  |  | 122169360 |
|  | **Total Common Stocks** | 913937885 |
|  | (Cost $854,098,430) |  |

---

------

**First Trust Health Care AlphaDEX**<sup>®</sup> **Fund (FXH)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531819 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (c) | $531819 |
|  | (Cost $531,819) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.1%** | **REPURCHASE AGREEMENTS — 2.1%** | **REPURCHASE AGREEMENTS — 2.1%** |
| $19567673 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.16% (c), dated 10/31/25, due <br> 11/03/25, with a maturity <br> value of $19,574,456. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 1.13% to <br> 4.63%, due 06/15/26 to <br> 02/15/35. The value of the <br> collateral including accrued <br> interest is $19,959,031. (d) | 19567673 |
|  | (Cost $19,567,673) |  |
|  | **Total Investments — 102.2%** | 934037377 |
|  | (Cost $874,197,922) |  |
|  | **Net Other Assets and** <br> **Liabilities — (2.2)%** | (19928423)<br>|
|  | **Net Assets — 100.0%** | $914108954 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $19,961,615 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $19,567,673. On October 31, 2025, the last business day of the period, there was sufficient collateral based on the end of day market value from the prior business day; however, as a result of market movement from October 30 to October 31, the value of the related securities loaned was above the collateral value received.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security serves as collateral for securities on loan.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $913937885 | &nbsp;&nbsp; $913937885 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 531819 | &nbsp;&nbsp; 531819 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 19567673 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19567673 | &nbsp;&nbsp; — |
| Total Investments | $934037377 | &nbsp;&nbsp; $914469704 | &nbsp;&nbsp; $19567673 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Industrials/Producer Durables AlphaDEX**<sup>®</sup> **Fund (FXR)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Aerospace & Defense — 11.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51089 | ATI, Inc. (a) | $5056278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17374 | Axon Enterprise, Inc. (a) | 12721764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57765 | Boeing (The) Co. (a) | 11611920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116717 | BWX Technologies, Inc. | 24931919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25246 | General Dynamics Corp. | 8707346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71538 | General Electric Co. | 22101665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26668 | HEICO Corp. | 8474290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87733 | Howmet Aerospace, Inc. | 18068611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43303 | &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, <br> Inc. | 13944432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13609 | L3Harris Technologies, Inc. | 3934362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379204 | Leonardo DRS, Inc. | 13863698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51944 | Loar Holdings, Inc. (a) | 4110329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8324 | Lockheed Martin Corp. | 4094409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14130 | Northrop Grumman Corp. | 8244149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449170 | Rocket Lab Corp. (a) | 28288727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203762 | Textron, Inc. | 16466007 |
|  |  | 204619906 |
|  | **Air Freight & Logistics —** <br> **3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101695 | &nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. | 12396620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91256 | FedEx Corp. | 23162598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78572 | GXO Logistics, Inc. (a) | 4416532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257630 | &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., <br> Class B | 24840685 |
|  |  | 64816435 |
|  | **Building Products — 9.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169821 | A.O. Smith Corp. | 11206488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92119 | AAON, Inc. | 9063588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89880 | &nbsp;&nbsp;&nbsp; Advanced Drainage Systems, <br> Inc. | 12587694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23433 | Allegion PLC | 3884488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109786 | Armstrong World Industries, Inc. | 20906548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141986 | Builders FirstSource, Inc. (a) | 16494514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37894 | Carlisle Cos., Inc. | 12317445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322453 | Fortune Brands Innovations, Inc. | 16380612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569305 | Hayward Holdings, Inc. (a) | 9661106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59037 | Masco Corp. | 3823236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121703 | Owens Corning | 15494009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102803 | Simpson Manufacturing Co., Inc. | 18144730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20399 | Trane Technologies PLC | 9152011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166594 | Trex Co., Inc. (a) | 8049822 |
|  |  | 167166291 |
|  | **Chemicals — 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751913 | Axalta Coating Systems Ltd. (a) | 21406963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543679 | Dow, Inc. | 12966744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118603 | PPG Industries, Inc. | 11593444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73025 | RPM International, Inc. | 7980172 |
|  |  | 53947323 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Commercial Services &** <br> **Supplies — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50024 | MSA Safety, Inc. | $7855268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38979 | Veralto Corp. | 3846448 |
|  |  | 11701716 |
|  | **Construction & Engineering** <br> **— 5.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26080 | Comfort Systems USA, Inc. | 25182326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33133 | EMCOR Group, Inc. | 22390619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101121 | MasTec, Inc. (a) | 20644863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51927 | Quanta Services, Inc. | 23321974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407762 | WillScot Holdings Corp. | 8868823 |
|  |  | 100408605 |
|  | **Construction Materials —** <br> **1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73876 | Eagle Materials, Inc. | 15685352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648961 | James Hardie Industries PLC (a) | 13582754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6594 | Martin Marietta Materials, Inc. | 4042781 |
|  |  | 33310887 |
|  | **Consumer Finance — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51827 | American Express Co. | 18695554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242307 | Synchrony Financial | 18022794 |
|  |  | 36718348 |
|  | **Containers & Packaging —** <br> **6.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1052309 | Amcor PLC | 8313241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128800 | AptarGroup, Inc. | 14942088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247254 | Ball Corp. | 11620938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89118 | Crown Holdings, Inc. | 8660487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1099627 | Graphic Packaging Holding Co. | 17583036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78998 | Packaging Corp. of America | 15464648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243503 | Sealed Air Corp. | 8159785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400272 | Silgan Holdings, Inc. | 15458505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399531 | Sonoco Products Co. | 16208973 |
|  |  | 116411701 |
|  | **Diversified Consumer Services** <br> **— 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470690 | ADT, Inc. | 21840900 |
|  | **Electrical Equipment — 5.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24993 | Acuity, Inc. | 9123695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45784 | AMETEK, Inc. | 9253404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31680 | Emerson Electric Co. | 4421578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | GE Vernova, Inc. | 20479900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51420 | Generac Holdings, Inc. (a) | 8639588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9656 | Hubbell, Inc. | 4538320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86914 | Regal Rexnord Corp. | 12245314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24628 | Rockwell Automation, Inc. | 9071970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408075 | &nbsp;&nbsp;&nbsp; Sensata Technologies <br> Holding PLC | 12989027 |
|  |  | 90762796 |

---

------

**First Trust Industrials/Producer Durables AlphaDEX**<sup>®</sup> **Fund (FXR)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185871 | Crane NXT Co. | $11756341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7093 | Teledyne Technologies, Inc. (a) | 3736734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410193 | Vontier Corp. | 15792431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13985 | &nbsp;&nbsp;&nbsp; Zebra Technologies Corp., <br> Class A (a) | 3765461 |
|  |  | 35050967 |
|  | **Financial Services — 8.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294465 | Affirm Holdings, Inc. (a) | 21166144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297767 | Block, Inc. (a) | 22612426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245073 | Euronet Worldwide, Inc. (a) | 18591238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96696 | Fiserv, Inc. (a) | 6448656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259026 | Global Payments, Inc. | 20141862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115598 | Jack Henry & Associates, Inc. | 17217166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7304 | Mastercard, Inc., Class A | 4031735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256724 | PayPal Holdings, Inc. (a) | 17783271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2693329 | Western Union (The) Co. | 25128760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26378 | WEX, Inc. (a) | 3848023 |
|  |  | 156969281 |
|  | **Ground Transportation —** <br> **8.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242410 | CSX Corp. | 8731608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128310 | &nbsp;&nbsp;&nbsp; J.B. Hunt Transport Services, <br> Inc. | 21666426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544664 | &nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. | 24575240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70236 | Landstar System, Inc. | 9020409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41502 | Norfolk Southern Corp. | 11760837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61143 | Old Dominion Freight Line, Inc. | 8585700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91260 | Ryder System, Inc. | 15443930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57508 | Saia, Inc. (a) | 16821090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1016999 | Schneider National, Inc., Class B | 21733269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36421 | Union Pacific Corp. | 8026096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96437 | XPO, Inc. (a) | 13874391 |
|  |  | 160238996 |
|  | **Household Durables — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166921 | Mohawk Industries, Inc. (a) | 18968903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31894 | TopBuild Corp. (a) | 13474577 |
|  |  | 32443480 |
|  | **Industrial Conglomerates —** <br> **0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26777 | 3M Co. | 4458370 |
|  | **IT Services — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50553 | Accenture PLC, Class A | 12643305 |
|  | **Leisure Products — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65708 | Brunswick Corp. | 4343956 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Machinery — 15.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253534 | &nbsp;&nbsp;&nbsp; Allison Transmission Holdings, <br> Inc. | $20929232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26129 | Caterpillar, Inc. | 15083227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1148997 | CNH Industrial N.V. | 12052979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29513 | Cummins, Inc. | 12917250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105164 | Donaldson Co., Inc. | 8860067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103196 | Dover Corp. | 18725946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77035 | Esab Corp. | 8999229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78196 | Flowserve Corp. | 5336877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351416 | Fortive Corp. | 17690281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346816 | Gates Industrial Corp. PLC (a) | 7657697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101320 | Graco, Inc. | 8284936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76595 | IDEX Corp. | 13132979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15938 | Illinois Tool Works, Inc. | 3887597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23247 | ITT, Inc. | 4302322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17621 | Lincoln Electric Holdings, Inc. | 4131243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129511 | Middleby (The) Corp. (a) | 16089151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18314 | Nordson Corp. | 4247932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165916 | Oshkosh Corp. | 20455784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175102 | PACCAR, Inc. | 17230037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5480 | Parker-Hannifin Corp. | 4235108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37517 | Pentair PLC | 3989933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49681 | Snap-on, Inc. | 16670460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231614 | Stanley Black & Decker, Inc. | 15684900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112968 | Toro (The) Co. | 8442099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20727 | &nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. | 4237428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28171 | Xylem, Inc. | 4249595 |
|  |  | 277524289 |
|  | **Marine Transportation —** <br> **1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257874 | Kirby Corp. (a) | 26684802 |
|  | **Paper & Forest Products —** <br> **0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193781 | Louisiana-Pacific Corp. | 16880263 |
|  | **Professional Services — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520525 | Amentum Holdings, Inc. (a) | 11664965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94383 | ExlService Holdings, Inc. (a) | 3690376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77123 | FTI Consulting, Inc. (a) | 12726066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513721 | Genpact Ltd. | 19598456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366878 | Robert Half, Inc. | 9608535 |
|  |  | 57288398 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33577 | MKS, Inc. | 4825351 |
|  | **Trading Companies &** <br> **Distributors — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338092 | Air Lease Corp. | 21590555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32975 | &nbsp;&nbsp;&nbsp; Applied Industrial Technologies, <br> Inc. | 8477543 |

---

------

**First Trust Industrials/Producer Durables AlphaDEX**<sup>®</sup> **Fund (FXR)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Trading Companies &** <br> **Distributors (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231593 | Core & Main, Inc., Class A (a) | $12084523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76659 | Ferguson Enterprises, Inc. | 19049761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128968 | FTAI Aviation Ltd. | 22298567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93424 | &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A | 7932632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13060 | United Rentals, Inc. | 11377611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4364 | W.W. Grainger, Inc. | 4272356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58944 | WESCO International, Inc. | 15297736 |
|  |  | 122381284 |
|  | **Total Common Stocks** | 1813437650 |
|  | (Cost $1,654,742,593) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2277265 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | 2277265 |
|  | (Cost $2,277,265) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $5309 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 4.14% (b), dated <br> 10/31/25, due 11/03/25, with a <br> maturity value of $5,311. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 02/15/26 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $5,415. (c) | 5309 |
|  | (Cost $5,309) |  |
|  | **Total Investments — 100.0%** | 1815720224 |
|  | (Cost $1,657,025,167) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (772984)<br>|
|  | **Net Assets — 100.0%** | $1814947240 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security serves as collateral for securities on loan.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $1813437650 | &nbsp;&nbsp; $1813437650 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 2277265 | &nbsp;&nbsp; 2277265 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 5309 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5309 | &nbsp;&nbsp; — |
| Total Investments | $1815720224 | &nbsp;&nbsp; $1815714915 | &nbsp;&nbsp; $5309 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Materials AlphaDEX**<sup>®</sup> **Fund (FXZ)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Aerospace & Defense — 4.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21691 | Carpenter Technology Corp. | $6852187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28315 | Hexcel Corp. | 2021691 |
|  |  | 8873878 |
|  | **Chemicals — 41.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14879 | Air Products and Chemicals, Inc. | 3609497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21896 | Albemarle Corp. | 2150844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37055 | Ashland, Inc. | 1811989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42189 | Celanese Corp. | 1621745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113096 | CF Industries Holdings, Inc. | 9419766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160900 | Eastman Chemical Co. | 9576768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14817 | Ecolab, Inc. | 3799079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211601 | Element Solutions, Inc. | 5653979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158370 | FMC Corp. | 2402473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197698 | Huntsman Corp. | 1636939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65939 | &nbsp;&nbsp;&nbsp; International Flavors & <br> Fragrances, Inc. | 4152179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8543 | Linde PLC | 3573537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108605 | &nbsp;&nbsp;&nbsp; LyondellBasell Industries N.V., <br> Class A | 5041444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292524 | Mosaic (The) Co. | 8029784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9799 | NewMarket Corp. | 7524652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324762 | Olin Corp. | 6722573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31173 | Scotts Miracle-Gro (The) Co. | 1668379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105318 | Westlake Corp. | 7246932 |
|  |  | 85642559 |
|  | **Containers & Packaging —** <br> **4.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32842 | Avery Dennison Corp. | 5743737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87455 | International Paper Co. | 3379261 |
|  |  | 9122998 |
|  | **Machinery — 11.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80267 | Mueller Industries, Inc. | 8497867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10397 | RBC Bearings, Inc. (a) | 4455426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134939 | Timken (The) Co. | 10594061 |
|  |  | 23547354 |
|  | **Metals & Mining — 36.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308445 | Alcoa Corp. | 11347691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144245 | Anglogold Ashanti PLC | 9808660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145519 | Cleveland-Cliffs, Inc. (a) | 1808801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135798 | Freeport-McMoRan, Inc. | 5662777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26470 | MP Materials Corp. (a) | 1669992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120327 | Newmont Corp. | 9742877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59926 | Nucor Corp. | 8991896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28899 | Reliance, Inc. | 8161945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26553 | Royal Gold, Inc. | 4641199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33437 | Southern Copper Corp. | 4641056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58207 | Steel Dynamics, Inc. | 9126858 |
|  |  | 75603752 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Trading Companies &** <br> **Distributors — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108605 | Fastenal Co. | $4469096 |
|  | **Total Common Stocks** | 207259637 |
|  | (Cost $220,439,504) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183622 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | 183622 |
|  | (Cost $183,622) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $2417 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 4.14% (b), dated <br> 10/31/25, due 11/03/25, with a <br> maturity value of $2,418. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 02/15/26 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $2,465. (c) | 2417 |
|  | (Cost $2,417) |  |
|  | **Total Investments — 100.0%** | 207445676 |
|  | (Cost $220,625,543) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (97144)<br>|
|  | **Net Assets — 100.0%** | $207348532 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security serves as collateral for securities on loan.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $207259637 | &nbsp;&nbsp; $207259637 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 183622 | &nbsp;&nbsp; 183622 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 2417 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2417 | &nbsp;&nbsp; — |
| Total Investments | $207445676 | &nbsp;&nbsp; $207443259 | &nbsp;&nbsp; $2417 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Technology AlphaDEX**<sup>®</sup> **Fund (FXL)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Communications Equipment** <br> **— 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14664 | F5, Inc. (a) | $3710725 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386795 | Maplebear, Inc. (a) | 14257264 |
|  | **Electrical Equipment — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165351 | Vertiv Holdings Co., Class A | 31889594 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 6.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201575 | Amphenol Corp., Class A | 28087460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156678 | Arrow Electronics, Inc. (a) | 17477431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271970 | Avnet, Inc. | 13176946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29756 | CDW Corp. | 4742214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81759 | Flex Ltd. (a) | 5111573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87297 | Jabil, Inc. | 19283034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86832 | TD SYNNEX Corp. | 13588340 |
|  |  | 101466998 |
|  | **Financial Services — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259629 | Toast, Inc., Class A (a) | 9382992 |
|  | **Hotels, Restaurants & Leisure** <br> **— 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69702 | DoorDash, Inc., Class A (a) | 17730098 |
|  | **Interactive Media & Services** <br> **— 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102611 | Alphabet, Inc., Class A | 28853187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134187 | Match Group, Inc. | 4339607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19362 | Meta Platforms, Inc., Class A | 12553353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775408 | Pinterest, Inc., Class A (a) | 25666005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108461 | Reddit, Inc., Class A (a) | 22662926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434420 | ZoomInfo Technologies, Inc. (a) | 4874192 |
|  |  | 98949270 |
|  | **IT Services — 14.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187679 | Akamai Technologies, Inc. (a) | 14094693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231056 | Amdocs Ltd. | 19468778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88346 | Cloudflare, Inc., Class A (a) | 22378042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371923 | &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A | 27105748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1830143 | DXC Technology Co. (a) | 25988031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125726 | EPAM Systems, Inc. (a) | 20561230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434731 | Globant S.A. (a) | 26770735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315652 | Kyndryl Holdings, Inc. (a) | 9128656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61081 | MongoDB, Inc. (a) | 21978165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84053 | Snowflake, Inc. (a) | 23104489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47353 | Twilio, Inc., Class A (a) | 6386973 |
|  |  | 216965540 |
|  | **Media — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791240 | DoubleVerify Holdings, Inc. (a) | 9004311 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Professional Services — 7.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19005 | &nbsp;&nbsp;&nbsp; CACI International, Inc., <br> Class A (a) | $10685561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4949894 | Clarivate PLC (a) | 16829640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540518 | Concentrix Corp. | 21788281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300668 | KBR, Inc. | 12880617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75246 | Leidos Holdings, Inc. | 14332106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22770 | Paycom Software, Inc. | 4260039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190783 | &nbsp;&nbsp;&nbsp; Science Applications <br> International Corp. | 17878275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106793 | &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, <br> Inc. | 9068861 |
|  |  | 107723380 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 24.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87882 | &nbsp;&nbsp;&nbsp; Advanced Micro Devices, <br> Inc. (a) | 22508338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878340 | Amkor Technology, Inc. | 28352815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69446 | Applied Materials, Inc. | 16187863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127401 | Astera Labs, Inc. (a) | 23783219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75611 | Broadcom, Inc. | 27948094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151313 | Cirrus Logic, Inc. (a) | 20071669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132241 | GLOBALFOUNDRIES, Inc. (a) | 4707780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23126 | KLA Corp. | 27953321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186294 | Lam Research Corp. | 29333853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129282 | Lattice Semiconductor Corp. (a) | 9432415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38072 | &nbsp;&nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc. (a) | 5639605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225503 | Marvell Technology, Inc. | 21138651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84977 | Micron Technology, Inc. | 19015303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20592 | Monolithic Power Systems, Inc. | 20694960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133694 | NVIDIA Corp. | 27071698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96118 | ON Semiconductor Corp. (a) | 4813589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73356 | Onto Innovation, Inc. (a) | 9900126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85469 | QUALCOMM, Inc. | 15461342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184705 | Skyworks Solutions, Inc. | 14355273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34434 | Teradyne, Inc. | 6258724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25795 | Texas Instruments, Inc. | 4164861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65997 | Universal Display Corp. | 9720038 |
|  |  | 368513537 |
|  | **Software — 25.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68773 | Appfolio, Inc., Class A (a) | 17497914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34717 | AppLovin Corp., Class A (a) | 22126186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29840 | Autodesk, Inc. (a) | 8991986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92066 | Bentley Systems, Inc., Class B | 4679715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53972 | &nbsp;&nbsp;&nbsp; Cadence Design Systems, <br> Inc. (a) | 18279777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28996 | &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc., <br> Class A (a) | 15745118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99850 | Datadog, Inc., Class A (a) | 16256578 |

---

------

**First Trust Technology AlphaDEX**<sup>®</sup> **Fund (FXL)**

**Portfolio of Investments (Continued)**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Software (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130980 | &nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc., <br> Class A | $8686594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313771 | Dropbox, Inc., Class A (a) | 9099359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56095 | Elastic N.V. (a) | 5004796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166944 | Gen Digital, Inc. | 4400644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41238 | Guidewire Software, Inc. (a) | 9634846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6940 | Intuit, Inc. | 4632797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27452 | Microsoft Corp. | 14214920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127423 | Nutanix, Inc., Class A (a) | 9077614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67408 | Oracle Corp. | 17702015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136743 | &nbsp;&nbsp;&nbsp; Palantir Technologies, Inc., <br> Class A (a) | 27412869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46553 | Palo Alto Networks, Inc. (a) | 10252833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329705 | Pegasystems, Inc. | 20985723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129992 | Procore Technologies, Inc. (a) | 9596009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70036 | PTC, Inc. (a) | 13904947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334476 | RingCentral, Inc., Class A (a) | 10074417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9504 | Roper Technologies, Inc. | 4240210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172871 | Rubrik, Inc., Class A (a) | 13012000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19999 | Salesforce, Inc. | 5207940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5151 | ServiceNow, Inc. (a) | 4735211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58837 | Strategy, Inc. (a) | 15857160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440681 | Teradata Corp. (a) | 9188199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355109 | Unity Software, Inc. (a) | 13458631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19689 | Workday, Inc., Class A (a) | 4723785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172347 | Zoom Communications, Inc. (a) | 15033829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47448 | Zscaler, Inc. (a) | 15711931 |
|  |  | 379426553 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 8.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37227 | Apple, Inc. | 10065064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175952 | Dell Technologies, Inc., Class C | 28505983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771909 | Hewlett Packard Enterprise Co. | 18850018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348110 | HP, Inc. | 9632204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80019 | NetApp, Inc. | 9424638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297636 | Pure Storage, Inc., Class A (a) | 29376673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395454 | Super Micro Computer, Inc. (a) | 20547790 |
|  |  | 126402370 |
|  | **Total Common Stocks** | 1485422632 |
|  | (Cost $1,173,025,011) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1240681 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | 1240681 |
|  | (Cost $1,240,681) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $9368 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 4.14% (b), dated <br> 10/31/25, due 11/03/25, with a <br> maturity value of $9,371. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 02/15/26 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $9,555. (c) | $9368 |
|  | (Cost $9,368) |  |
|  | **Total Investments — 100.1%** | 1486672681 |
|  | (Cost $1,174,275,060) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.1)%** | (800540)<br>|
|  | **Net Assets — 100.0%** | $1485872141 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security serves as collateral for securities on loan.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $1485422632 | &nbsp;&nbsp; $1485422632 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 1240681 | &nbsp;&nbsp; 1240681 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 9368 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9368 | &nbsp;&nbsp; — |
| Total Investments | $1486672681 | &nbsp;&nbsp; $1486663313 | &nbsp;&nbsp; $9368 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Utilities AlphaDEX**<sup>®</sup> **Fund (FXU)**

**Portfolio of Investments**

**October 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Commercial Services &** <br> **Supplies — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61992 | Clean Harbors, Inc. (a) | $13049936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62733 | Republic Services, Inc. | 13063520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65188 | Waste Management, Inc. | 13022607 |
|  |  | 39136063 |
|  | **Electric Utilities — 50.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640656 | Alliant Energy Corp. | 42808634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 511842 | &nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. | 61554119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465311 | Duke Energy Corp. | 57838157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1302057 | Edison International | 72107917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308951 | Entergy Corp. | 29687102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757462 | Evergy, Inc. | 58180656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404710 | Eversource Energy | 29871645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1599150 | Exelon Corp. | 73752798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 942529 | FirstEnergy Corp. | 43196104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217868 | IDACORP, Inc. | 28109329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190694 | NextEra Energy, Inc. | 15522492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444444 | NRG Energy, Inc. | 76382146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1244482 | OGE Energy Corp. | 54931435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4773062 | PG&E Corp. | 76178069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 642228 | Pinnacle West Capital Corp. | 56850023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774787 | PPL Corp. | 28295221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151899 | Southern (The) Co. | 14284582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713976 | Xcel Energy, Inc. | 57953432 |
|  |  | 877503861 |
|  | **Gas Utilities — 11.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168615 | Atmos Energy Corp. | 28954568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4041425 | MDU Resources Group, Inc. | 77514531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155846 | National Fuel Gas Co. | 12297808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2164094 | UGI Corp. | 72345662 |
|  |  | 191112569 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 10.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3281662 | AES (The) Corp. | 45516652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2038308 | Clearway Energy, Inc., Class C | 65083174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367382 | Vistra Corp. | 69178031 |
|  |  | 179777857 |
|  | **Multi-Utilities — 21.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413743 | Ameren Corp. | 42210061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742038 | CenterPoint Energy, Inc. | 28375533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393000 | CMS Energy Corp. | 28905150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716053 | Consolidated Edison, Inc. | 69750723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706012 | Dominion Energy, Inc. | 41435844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305357 | DTE Energy Co. | 41388088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997383 | NiSource, Inc. | 41999798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344970 | &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, <br> Inc. | 27790783 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Multi-Utilities (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479958 | Sempra | $44127339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125626 | WEC Energy Group, Inc. | 14036193 |
|  |  | 380019512 |
|  | **Water Utilities — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103423 | American Water Works Co., Inc. | 13282616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1443163 | Essential Utilities, Inc. | 56326652 |
|  |  | 69609268 |
|  | **Total Common Stocks** | 1737159130 |
|  | (Cost $1,626,019,545) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3871635 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.94% (b) | 3871635 |
|  | (Cost $3,871,635) |  |
|  | **Total Investments — 100.0%** | 1741030765 |
|  | (Cost $1,629,891,180) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (9541)<br>|
|  | **Net Assets — 100.0%** | $1741021224 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate shown reflects yield as of October 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of October 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**10/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $1737159130 | &nbsp;&nbsp; $1737159130 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 3871635 | &nbsp;&nbsp; 3871635 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $1741030765 | &nbsp;&nbsp; $1741030765 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust Exchange-Traded AlphaDEX**<sup>®</sup> **Fund**

**Additional Information**

**October 31, 2025 (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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

**Licensing Information**

Source ICE Data Indices, LLC ("ICE Data"), is used with permission. "StrataQuant<sup>®</sup>" is a service/trade mark of ICE Data or its affiliates. Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell<sup>®</sup>, Russell 1000<sup>®</sup>, and Russell 3000<sup>®</sup> are all registered trademarks of Frank Russell Company. Russell 1000<sup>®</sup> and Russell 3000<sup>®</sup> are being utilized in the indices under license. These trademarks have been licensed, along with the StrataQuant<sup>®</sup> Consumer Discretionary Index, StrataQuant<sup>®</sup> Consumer Staples Index, StrataQuant<sup>®</sup> Energy Index, StrataQuant<sup>®</sup> Financials Index, StrataQuant<sup>®</sup> Health Care Index, StrataQuant<sup>®</sup> Industrials Index, StrataQuant<sup>®</sup> Materials Index, StrataQuant<sup>®</sup> Technology Index and the StrataQuant<sup>®</sup> Utilities Index (each, an "Index") for use by First Trust Portfolios L.P. ("FTP") in connection with the First Trust Consumer Discretionary AlphaDEX<sup>®</sup> Fund (FXD), First Trust Consumer Staples AlphaDEX<sup>®</sup> Fund (FXG), First Trust Energy AlphaDEX<sup>®</sup> Fund (FXN), First Trust Financials AlphaDEX<sup>®</sup> Fund (FXO), First Trust Health Care AlphaDEX<sup>®</sup> Fund (FXH), First Trust Industrials/Producer Durables AlphaDEX<sup>®</sup> Fund (FXR), First Trust Materials AlphaDEX<sup>®</sup> Fund (FXZ), First Trust Technology AlphaDEX<sup>®</sup> Fund (FXL) and the First Trust Utilities AlphaDEX<sup>®</sup> Fund (FXU), respectively (each, the "Product"). Neither FTP, First Trust Exchange-Traded AlphaDEX<sup>®</sup> Fund (the "Trust") nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data, its affiliates or its Third Party Suppliers including without limitation Frank Russell Company ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general stock market performance. ICE Data's only relationship to FTP is the licensing of certain trademarks and trade names and the Index or components thereof. The Index is determined, composed and calculated by ICE Data without regard to FTP or the Product or its holders. ICE Data has no obligation to take the needs of FTP or the holders of the Product into consideration in determining, composing or calculating the Index. ICE Data is not responsible for and has not participated in the determination of the timing of, prices of, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be priced, sold, purchased, or redeemed. Except for certain custom index calculation services, all information provided by ICE Data is general in nature and not tailored to the needs of FTP or any other person, entity or group of persons. ICE Data has no obligation or liability in connection with the administration, marketing, or trading of the Product. ICE Data is not an investment advisor. Inclusion of a security within an index is not a recommendation by ICE Data to buy, sell, or hold such security, nor is it considered to be investment advice.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Trust Exchange-Traded AlphaDEX Fund

- **b. Investment Company Act file number:** 811-22019

- **c. CIK number of Registrant:** 0001383496

- **d. LEI of Registrant:** 549300PGRVU1P76W4537

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Trust Materials AlphaDEX Fund

- **b. EDGAR series identifier (if any):** S000017702

- **c. LEI of Series:** 549300R1WBC31SR6V464

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $207529975.63

**Total Liabilities:** $188727.60

**Net Assets:** $207341248.03

**Cash Not Reported:** $911.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048902 | 7.20%                | 0.52%                | -2.55%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2408932.71              | $12220565.07                               |
| Month 2  | $230255.91               | $406493.43                                 |
| Month 3  | $-3747361.47             | $-1605754.10                               |

### Schedule of Portfolio Investments

| Name                               | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Celanese Corp                      | Celanese Corp                          | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     42189 | NS      | $1621745.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                 | Steel Dynamics Inc                     | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     58207 | NS      | $9126857.60   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                         | Ecolab Inc                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     14817 | NS      | $3799078.80   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                      | Huntsman Corp                          | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    197698 | NS      | $1636939.44   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                       | Reliance Inc                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     28899 | NS      | $8161944.57   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                           | FMC Corp                               | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    158370 | NS      | $2402472.90   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                                | International Flavors & Fragrances Inc | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     65939 | NS      | $4152178.83   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc               | Cleveland-Cliffs Inc                   | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    145519 | NS      | $1808801.17   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                      | Timken Co/The                          | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    134939 | NS      | $10594060.89  | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc             | Mueller Industries Inc                 | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     80267 | NS      | $8497867.29   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                     | Albemarle Corp                         | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     21896 | NS      | $2150844.08   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV       | LyondellBasell Industries NV           | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |    108605 | NS      | $5041444.10   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                      | Mosaic Co/The                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    292524 | NS      | $8029783.80   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                        | Hexcel Corp                            | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     28315 | NS      | $2021691.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                        | Fastenal Co                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    108605 | NS      | $4469095.75   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                          | Linde PLC                              | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |      8543 | NS      | $3573536.90   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA CAPITAL MARKETS AMERICA INC. | DAIWA CAPITAL MARKETS AMERICA INC      | CUSIP: 000000000<br>LEI: M67H5PRC0NQKM73ZAS82 | Long             | RA               | CORP              | US        |      2417 | PA      | $2417.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Solutions Inc              | Element Solutions Inc                  | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    211601 | NS      | $5653978.72   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                     | NewMarket Corp                         | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      9799 | NS      | $7524652.10   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co             | International Paper Co                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     87455 | NS      | $3379261.20   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                         | Alcoa Corp                             | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    308445 | NS      | $11347691.55  | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc     | Air Products and Chemicals Inc         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     14879 | NS      | $3609496.61   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                          | Olin Corp                              | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    324762 | NS      | $6722573.40   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp               | Southern Copper Corp                   | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     33437 | NS      | $4641055.60   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                  | MP Materials Corp                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     26470 | NS      | $1669992.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                | Avery Dennison Corp                    | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     32842 | NS      | $5743737.38   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc              | Anglogold Ashanti Plc                  | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |    144245 | NS      | $9808660.00   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc         | CF Industries Holdings Inc             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    113096 | NS      | $9419765.84   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                     | Royal Gold Inc                         | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     26553 | NS      | $4641198.87   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The          | Scotts Miracle-Gro Co/The              | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     31173 | NS      | $1668378.96   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                        | Ashland Inc                            | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     37055 | NS      | $1811989.50   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc               | Freeport-McMoRan Inc                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    135798 | NS      | $5662776.60   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                      | Westlake Corp                          | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    105318 | NS      | $7246931.58   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                       | Newmont Corp                           | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    120327 | NS      | $9742877.19   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                   | RBC Bearings Inc                       | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10397 | NS      | $4455426.41   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                | Eastman Chemical Co                    | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    160900 | NS      | $9576768.00   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                         | Nucor Corp                             | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     59926 | NS      | $8991896.30   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Treasury Portfolio           | MSILF Treasury Portfolio               | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |    183622 | NS      | $183621.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp          | Carpenter Technology Corp              | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     21691 | NS      | $6852186.90   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** First Trust Exchange-Traded AlphaDEX Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer