# EDGAR Filing Document

**Accession Number:** 0001510337
**File Stem:** 0000940400-26-021789
**Filing Date:** 2026-5
**Character Count:** 384794
**Document Hash:** 25ee7e840682148ed7e9abcf0244dcca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021789.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021789

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND II
- **CENTRAL INDEX KEY:** 0001510337

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22519
- **FILM NUMBER:** 261032221

**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 India NIFTY 50 Equal Weight ETF (Series ID: S000036506)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000111811 | First Trust India NIFTY 50 Equal Weight ETF | NFTY            |

## Nport-Ex

**First Trust Asia Pacific ex-Japan AlphaDEX**<sup>®</sup> **Fund (FPA)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** |
|  | **Australia — 14.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7256 | ALS Ltd. (AUD) (c) | $106515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6353 | Charter Hall Group (AUD) (c) | 82783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24648 | &nbsp;&nbsp;&nbsp; Eagers Automotive Ltd. <br> (AUD) (c) | 387422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53384 | &nbsp;&nbsp;&nbsp; Evolution Mining Ltd. <br> (AUD) (c) | 480708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23213 | Fortescue Ltd. (AUD) (c) | 331705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39170 | &nbsp;&nbsp;&nbsp; Harvey Norman Holdings Ltd. <br> (AUD) (c) | 134565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1434 | HUB24 Ltd. (AUD) (c) | 83927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246 | JB Hi-Fi Ltd. (AUD) (c) | 63046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25795 | &nbsp;&nbsp;&nbsp; Lynas Rare Earths Ltd. <br> (AUD) (c) (d) | 350231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469 | Pro Medicus Ltd. (AUD) (c) | 38653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13236 | Qantas Airways Ltd. (AUD) (c) | 77752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111756 | &nbsp;&nbsp;&nbsp; Ramelius Resources Ltd. <br> (AUD) (c) | 290952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3553 | Rio Tinto Ltd. (AUD) (c) | 403669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64430 | Santos Ltd. (AUD) (c) | 352661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6742 | Sonic Healthcare Ltd. (AUD) (c) | 95796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114713 | Vicinity Ltd. (AUD) (c) | 187142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31380 | &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. <br> (AUD) (c) | 744884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136357 | &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. <br> (AUD) (c) (e) | 786436 |
|  |  | 4998847 |
|  | **Bermuda — 4.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224614 | &nbsp;&nbsp;&nbsp; Alibaba Health Information <br> Technology Ltd. <br> (HKD) (c) (d) | 135446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195630 | &nbsp;&nbsp;&nbsp; China Gas Holdings Ltd. <br> (HKD) (c) | 178762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37549 | &nbsp;&nbsp;&nbsp; China Resources Gas Group Ltd. <br> (HKD) (c) | 91495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73155 | &nbsp;&nbsp;&nbsp; Johnson Electric Holdings Ltd. <br> (HKD) (c) | 221969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427425 | &nbsp;&nbsp;&nbsp; Kunlun Energy Co., Ltd. <br> (HKD) (c) | 390558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29651 | &nbsp;&nbsp;&nbsp; Orient Overseas International <br> Ltd. (HKD) (c) | 528808 |
|  |  | 1547038 |
|  | **Cayman Islands — 13.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160870 | &nbsp;&nbsp;&nbsp; Bosideng International Holdings <br> Ltd. (HKD) (c) | 82804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49254 | &nbsp;&nbsp;&nbsp; China Resources Land Ltd. <br> (HKD) (c) | 182552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300614 | &nbsp;&nbsp;&nbsp; China State Construction <br> International Holdings Ltd. <br> (HKD) (c) | 320142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39334 | &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. <br> (HKD) (c) | 225061 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Cayman Islands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43803 | &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. <br> (HKD) (c) | $336233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584332 | &nbsp;&nbsp;&nbsp; FIT Hon Teng Ltd. <br> (HKD) (c) (d) (e) (f) (g) | 523656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152744 | &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. <br> (HKD) (c) | 413661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181576 | &nbsp;&nbsp;&nbsp; Kingboard Laminates Holdings <br> Ltd. (HKD) (c) | 452152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45014 | &nbsp;&nbsp;&nbsp; MGM China Holdings Ltd. <br> (HKD) (c) | 64240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110206 | Minth Group Ltd. (HKD) (c) | 460391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365924 | &nbsp;&nbsp;&nbsp; Sino Biopharmaceutical Ltd. <br> (HKD) (c) | 278000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74870 | &nbsp;&nbsp;&nbsp; SITC International Holdings Co., <br> Ltd. (HKD) (c) | 327820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140744 | &nbsp;&nbsp;&nbsp; Want Want China Holdings Ltd. <br> (HKD) (c) | 83285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353591 | &nbsp;&nbsp;&nbsp; WH Group Ltd. <br> (HKD) (c) (f) (g) | 464773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330518 | &nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. <br> (HKD) (c) (e) | 414693 |
|  |  | 4629463 |
|  | **Hong Kong — 8.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89756 | &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings <br> Ltd. (HKD) (c) | 343155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203949 | &nbsp;&nbsp;&nbsp; China Merchants Port Holdings <br> Co., Ltd. (HKD) (c) | 382695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103706 | &nbsp;&nbsp;&nbsp; China Overseas Land & <br> Investment Ltd. (HKD) (c) | 154656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461093 | &nbsp;&nbsp;&nbsp; China Power International <br> Development Ltd. (HKD) (c) | 186700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27386 | &nbsp;&nbsp;&nbsp; China Resources Beer Holdings <br> Co., Ltd. (HKD) (c) | 90633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166614 | &nbsp;&nbsp;&nbsp; China Resources Power <br> Holdings Co., Ltd. (HKD) (c) | 389212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49024 | &nbsp;&nbsp;&nbsp; China Taiping Insurance <br> Holdings Co., Ltd. (HKD) (c) | 129460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11650 | CLP Holdings Ltd. (HKD) (c) | 109683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106338 | &nbsp;&nbsp;&nbsp; Guangdong Investment Ltd. <br> (HKD) (c) | 106508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663538 | &nbsp;&nbsp;&nbsp; Guotai Junan International <br> Holdings Ltd. (HKD) (c) | 198466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220411 | MMG Ltd. (HKD) (c) (d) | 208829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84538 | MTR Corp., Ltd. (HKD) (c) | 346434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7934 | &nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd. <br> (HKD) (c) | 132108 |
|  |  | 2778539 |
|  | **Singapore — 6.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32086 | &nbsp;&nbsp;&nbsp; BOC Aviation Ltd. <br> (HKD) (c) (f) (g) | 320209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168000 | &nbsp;&nbsp;&nbsp; Genting Singapore Ltd. <br> (SGD) (c) (e) | 88664 |

---

------

**First Trust Asia Pacific ex-Japan AlphaDEX**<sup>®</sup> **Fund (FPA)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Singapore (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86400 | &nbsp;&nbsp;&nbsp; Mapletree Pan Asia Commercial <br> Trust (SGD) (c) | $89029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104200 | Seatrium Ltd. (SGD) (c) | 193149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20500 | &nbsp;&nbsp;&nbsp; Sembcorp Industries Ltd. <br> (SGD) (c) | 106460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76100 | &nbsp;&nbsp;&nbsp; Singapore Airlines Ltd. <br> (SGD) (c) | 392424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47400 | UOL Group Ltd. (SGD) (c) | 359907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp; Wilmar International Ltd. <br> (SGD) (c) | 390569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73300 | &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding <br> Holdings Ltd. (SGD) (c) | 217730 |
|  |  | 2158141 |
|  | **South Korea — 51.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2688 | APR Corp. (KRW) (c) | 613319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4093 | Coway Co., Ltd. (KRW) (c) | 198271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2911 | &nbsp;&nbsp;&nbsp; DB Insurance Co., Ltd. <br> (KRW) (c) | 326510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607 | &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co., Ltd. <br> (KRW) (c) | 517593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6093 | &nbsp;&nbsp;&nbsp; Hanwha Ocean Co., Ltd. <br> (KRW) (c) (d) | 501557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4324 | &nbsp;&nbsp;&nbsp; HD Hyundai Co., Ltd. <br> (KRW) (c) | 725178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1635 | &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & <br> Offshore Engineering Co., <br> Ltd. (KRW) (c) | 378940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33517 | HMM Co., Ltd. (KRW) (c) | 439154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502 | &nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. <br> (KRW) (c) | 847663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3250 | &nbsp;&nbsp;&nbsp; Hyundai Glovis Co., Ltd. <br> (KRW) (c) | 461600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2251 | &nbsp;&nbsp;&nbsp; Hyundai Mobis Co., Ltd. <br> (KRW) (c) | 580804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3126 | Hyundai Motor Co. (KRW) (c) | 962997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1841 | &nbsp;&nbsp;&nbsp; Hyundai Rotem Co., Ltd. <br> (KRW) (c) | 212002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6673 | Kia Corp. (KRW) (c) | 658832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1097 | &nbsp;&nbsp;&nbsp; KIWOOM Securities Co., Ltd. <br> (KRW) (c) | 310336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18641 | &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. <br> (KRW) (c) | 529970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2781 | &nbsp;&nbsp;&nbsp; Korea Investment Holdings Co., <br> Ltd. (KRW) (c) | 387985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292 | Korea Zinc Co., Ltd. (KRW) (c) | 284884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29539 | &nbsp;&nbsp;&nbsp; Korean Air Lines Co., Ltd. <br> (KRW) (c) | 476490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46635 | &nbsp;&nbsp;&nbsp; LG Display Co., Ltd. <br> (KRW) (c) (d) | 342428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5333 | LG Electronics, Inc. (KRW) (c) | 386642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35023 | LG Uplus Corp. (KRW) (c) | 364227 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524 | LIG Nex1 Co., Ltd. (KRW) (c) | $216229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19024 | &nbsp;&nbsp;&nbsp; Mirae Asset Securities Co., Ltd. <br> (KRW) (c) | 806243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1792 | Peptron, Inc. (KRW) (c) (d) | 361233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974 | &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. <br> (KRW) (c) | 219309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2084 | &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co., <br> Ltd. (KRW) (c) | 597085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4806 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) (c) | 562116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24548 | &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co., <br> Ltd. (KRW) (c) (d) | 411353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3433 | &nbsp;&nbsp;&nbsp; Samsung Life Insurance Co., <br> Ltd. (KRW) (c) | 494997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1637 | &nbsp;&nbsp;&nbsp; Samsung SDS Co., Ltd. <br> (KRW) (c) | 165858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp; Samyang Foods Co., Ltd. <br> (KRW) (c) | 142680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3797 | &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co., <br> Ltd. (KRW) (c) | 226306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1547 | SK hynix, Inc. (KRW) (c) | 877714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3335 | &nbsp;&nbsp;&nbsp; SK Square Co., Ltd. <br> (KRW) (c) (d) | 1098057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9901 | &nbsp;&nbsp;&nbsp; SK Telecom Co., Ltd. <br> (KRW) (c) | 512281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280 | SK, Inc. (KRW) (c) | 263160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10359 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) (c) | 227089 |
|  |  | 17689092 |
|  | **Switzerland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3591 | &nbsp;&nbsp;&nbsp; BeOne Medicines Ltd., Class H <br> (HKD) (c) (d) | 80555 |
|  | **Total Common Stocks** | 33881675 |
|  | (Cost $27,411,529) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44859 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (h) | 44859 |
|  | (Cost $44,859) |  |

---

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

------

**First Trust Asia Pacific ex-Japan AlphaDEX**<sup>®</sup> **Fund (FPA)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** |
| $779882 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 3.66% (h), dated <br> 03/31/26, due 04/01/26, with a <br> maturity value of $779,961. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 05/07/26 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $795,480. (i) | $779882 |
|  | (Cost $779,882) |  |
|  | **Total Investments — 101.7%** | 34706416 |
|  | (Cost $28,236,270) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.7)%** | (590660)<br>|
|  | **Net Assets — 100.0%** | $34115756 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $33,881,675 or 99.3% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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 $744,995 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $779,882.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| HKD | – Hong Kong Dollar |
| KRW | – South Korean Won |
| SGD | – Singapore Dollar |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 28.2% |
| Consumer Discretionary | &nbsp;&nbsp; 13.6 |
| Information Technology | &nbsp;&nbsp; 10.1 |
| Financials | &nbsp;&nbsp;&nbsp; 9.2 |
| Energy | &nbsp;&nbsp;&nbsp; 7.5 |
| Materials | &nbsp;&nbsp;&nbsp; 7.4 |
| Utilities | &nbsp;&nbsp;&nbsp; 7.0 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 5.5 |
| Real Estate | &nbsp;&nbsp;&nbsp; 4.1 |
| All Other | &nbsp;&nbsp;&nbsp; 7.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| KRW | &nbsp;&nbsp; 51.0% |
| HKD | &nbsp;&nbsp; 27.0 |
| AUD | &nbsp;&nbsp; 14.4 |
| SGD | &nbsp;&nbsp;&nbsp; 5.3 |
| USD | &nbsp;&nbsp;&nbsp; 2.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $33881675 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $33881675 | &nbsp;&nbsp; $— |
| Money Market Funds | 44859 | &nbsp;&nbsp; 44859 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 779882 | &nbsp;&nbsp; — | &nbsp;&nbsp; 779882 | &nbsp;&nbsp; — |
| Total Investments | $34706416 | &nbsp;&nbsp; $44859 | &nbsp;&nbsp; $34661557 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**First Trust Europe AlphaDEX**<sup>®</sup> **Fund (FEP)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.4%** | **COMMON STOCKS (a) (b) — 99.4%** | **COMMON STOCKS (a) (b) — 99.4%** |
|  | **Austria — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22895 | Erste Group Bank AG (EUR) (c) | $2473251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41925 | OMV AG (EUR) (c) | 3067250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21641 | &nbsp;&nbsp;&nbsp; Raiffeisen Bank International <br> AG (EUR) (c) | 926819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251131 | &nbsp;&nbsp;&nbsp; UNIQA Insurance Group AG <br> (EUR) (c) | 4399459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30771 | Verbund AG (EUR) (c) | 2351508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54209 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) (c) | 3851820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62685 | voestalpine AG (EUR) (c) | 2781471 |
|  |  | 19851578 |
|  | **Belgium — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5837 | &nbsp;&nbsp;&nbsp; Ackermans & Van Haaren N.V. <br> (EUR) (c) | 1794944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94697 | Colruyt Group N.V. (EUR) | 3971066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10796 | UCB S.A. (EUR) (c) | 3252815 |
|  |  | 9018825 |
|  | **Bermuda — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92921 | Aegon Ltd. (EUR) (c) | 679555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40471 | Hiscox Ltd. (GBP) (c) | 816905 |
|  |  | 1496460 |
|  | **Denmark — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1911 | &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, <br> Class B (DKK) (c) (d) | 4773452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7370 | Genmab A/S (DKK) (c) (e) | 1984900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416232 | H. Lundbeck A/S (DKK) (c) | 2606460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117769 | ISS A/S (DKK) (c) | 4289594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23049 | NKT A/S (DKK) (c) (e) | 3000541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80299 | &nbsp;&nbsp;&nbsp; ROCKWOOL A/S, Class B <br> (DKK) (c) | 2230283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79114 | &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S <br> (DKK) (c) | 2386944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51385 | &nbsp;&nbsp;&nbsp; Zealand Pharma A/S <br> (DKK) (c) (e) | 2393000 |
|  |  | 23665174 |
|  | **Finland — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99769 | Wartsila Oyj Abp (EUR) (c) | 3716213 |
|  | **France — 8.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28261 | Amundi S.A. (EUR) (c) (f) (g) | 2428700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47386 | Arkema S.A. (EUR) (c) | 3253436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33131 | Bouygues S.A. (EUR) (c) | 1920174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5147 | Capgemini SE (EUR) (c) | 607341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98463 | Carrefour S.A. (EUR) (c) | 1823135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83163 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin S.C.A. (EUR) (c) | 2849087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37967 | Credit Agricole S.A. (EUR) (c) | 708633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11674 | Eiffage S.A. (EUR) (c) | 1790422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77811 | Elis S.A. (EUR) (c) | 2203497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69566 | Engie S.A. (EUR) (c) | 2241946 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76586 | Klepierre S.A. (EUR) (c) | $2875220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13555 | Legrand S.A. (EUR) (c) | 2105842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15103 | Nexans S.A. (EUR) (c) | 2054605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2121 | Safran S.A. (EUR) (c) | 694057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40418 | Sanofi S.A. (EUR) (c) | 3903178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33799 | Societe Generale S.A. (EUR) (c) | 2467910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23698 | Sodexo S.A. (EUR) (c) | 1216473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61368 | TotalEnergies SE (EUR) (c) | 5632022 |
|  |  | 40775678 |
|  | **Germany — 18.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1778 | Allianz SE (EUR) (c) | 750886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29890 | Aurubis AG (EUR) (c) | 5316164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109445 | &nbsp;&nbsp;&nbsp; Auto1 Group SE <br> (EUR) (c) (d) (e) | 1948574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37164 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) (c) | 3437937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98929 | Commerzbank AG (EUR) (c) | 3608879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22614 | Continental AG (EUR) (c) | 1578627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18121 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) (c) | 892388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63585 | Deutsche Bank AG (EUR) (c) | 1892304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440377 | &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG <br> (EUR) (c) | 3750174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43781 | &nbsp;&nbsp;&nbsp; Deutsche Telekom AG <br> (EUR) (c) | 1634058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33467 | DHL Group (EUR) (c) | 1763951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46144 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) (g) | 2102069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171945 | Evonik Industries AG (EUR) (c) | 3374037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17251 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide <br> (EUR) (c) (e) | 1502846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42640 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) (c) | 1932349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16668 | &nbsp;&nbsp;&nbsp; FUCHS SE (Preference Shares) <br> (EUR) (c) | 709036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18475 | &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br> (Preference Shares) (EUR) (c) | 1427185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23033 | Hensoldt AG (EUR) (c) | 2044197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13939 | HOCHTIEF AG (EUR) (c) | 6340484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44204 | KION Group AG (EUR) (c) | 2361923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10234 | Krones AG (EUR) (c) | 1390096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28128 | LEG Immobilien SE (EUR) (c) | 1837379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59375 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) (c) | 3649377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5790 | Merck KGaA (EUR) (c) | 735645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3244 | &nbsp;&nbsp;&nbsp; MTU Aero Engines AG <br> (EUR) (c) | 1183478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116494 | Nordex SE (EUR) (c) (e) | 6313128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36221 | RENK Group AG (EUR) (c) | 2165001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 948 | Rheinmetall AG (EUR) (c) | 1599081 |

---

------

**First Trust Europe AlphaDEX**<sup>®</sup> **Fund (FEP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Germany (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67142 | RWE AG (EUR) (c) | $4517258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335610 | Schaeffler AG (EUR) (c) | 2803265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19156 | Siemens Energy AG (EUR) (c) | 3303460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11226 | Talanx AG (EUR) (c) | 1393009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307105 | thyssenkrupp AG (EUR) (c) | 2706071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163997 | TUI AG (EUR) (c) | 1291487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94539 | United Internet AG (EUR) (c) | 3058907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27607 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) (c) | 2824003 |
|  |  | 89138713 |
|  | **Greece — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878090 | Alpha Bank S.A. (EUR) (c) | 3257136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580146 | Eurobank S.A. (EUR) (c) | 2322936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118645 | &nbsp;&nbsp;&nbsp; Hellenic Telecommunications <br> Organization S.A. (EUR) | 2238067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21712 | JUMBO S.A. (EUR) | 551609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87989 | Piraeus Bank S.A. (EUR) (c) | 722922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45271 | &nbsp;&nbsp;&nbsp; Public Power Corp. S.A. <br> (EUR) (c) | 946473 |
|  |  | 10039143 |
|  | **Ireland — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164566 | AIB Group PLC (EUR) (c) | 1756769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38544 | Ryanair Holdings PLC, ADR | 2227843 |
|  |  | 3984612 |
|  | **Italy — 10.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1425366 | A2A S.p.A. (EUR) (c) | 4036116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74469 | &nbsp;&nbsp;&nbsp; Banca Mediolanum S.p.A. <br> (EUR) (c) | 1508839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149667 | Banco BPM S.p.A. (EUR) (c) | 2081951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67284 | BPER Banca S.p.A. (EUR) (c) | 881776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67878 | Buzzi S.p.A. (EUR) (c) | 3431725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46343 | &nbsp;&nbsp;&nbsp; Credito Emiliano S.p.A. <br> (EUR) (c) | 785376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128123 | Eni S.p.A. (EUR) (c) | 3643040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113671 | Fincantieri S.p.A. (EUR) (c) (e) | 1754003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497275 | Hera S.p.A. (EUR) (c) | 2293782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47019 | Leonardo S.p.A. (EUR) (c) | 3198223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27706 | &nbsp;&nbsp;&nbsp; Lottomatica Group S.p.A. <br> (EUR) (c) | 800011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251916 | Maire S.p.A. (EUR) (c) | 3921543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395459 | Nexi S.p.A. (EUR) (c) (d) (f) (g) | 1473058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438299 | &nbsp;&nbsp;&nbsp; Pirelli & C S.p.A. <br> (EUR) (c) (f) (g) | 3032806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31453 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (f) (g) | 740368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37717 | Prysmian S.p.A. (EUR) (c) | 4454063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1033548 | Saipem S.p.A. (EUR) (c) (d) | 4728868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124044 | Snam S.p.A. (EUR) (c) | 939692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12523 | SOL S.p.A. (EUR) | 852564 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1425692 | &nbsp;&nbsp;&nbsp; Telecom Italia S.p.A. <br> (EUR) (c) (e) | $1000988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19694 | UniCredit S.p.A. (EUR) (c) | 1412929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139073 | &nbsp;&nbsp;&nbsp; Unipol Assicurazioni S.p.A. <br> (EUR) (c) | 3230706 |
|  |  | 50202427 |
|  | **Jersey — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301298 | WPP PLC (GBP) (c) | 942295 |
|  | **Luxembourg — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83044 | ArcelorMittal S.A. (EUR) (c) | 4306807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583513 | Aroundtown S.A. (EUR) (c) (e) | 1553455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208960 | Tenaris S.A. (EUR) (c) | 6108414 |
|  |  | 11968676 |
|  | **Netherlands — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23293 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (c) (g) | 738410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3217 | Airbus SE (EUR) (c) | 608251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035 | Argenx SE (EUR) (c) (e) | 751144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757 | ASML Holding N.V. (EUR) (c) | 1006631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21981 | ASR Nederland N.V. (EUR) (c) | 1513330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57509 | ING Groep N.V. (EUR) (c) | 1492750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18430 | &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize <br> N.V. (EUR) | 858274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81302 | &nbsp;&nbsp;&nbsp; Koninklijke Vopak N.V. <br> (EUR) (c) | 4400504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31788 | Prosus N.V. (EUR) (c) | 1471651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79187 | &nbsp;&nbsp;&nbsp; Technip Energies N.V. <br> (EUR) (c) | 3346265 |
|  |  | 16187210 |
|  | **Norway — 5.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19006 | Aker ASA, Class A (NOK) (c) | 2102710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58826 | Aker BP ASA (NOK) (c) | 2174735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152892 | Equinor ASA (NOK) (c) | 6513870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25435 | &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA <br> (NOK) (c) | 665346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440404 | Norsk Hydro ASA (NOK) (c) | 4694000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285715 | Orkla ASA (NOK) (c) | 3595619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44384 | &nbsp;&nbsp;&nbsp; Vend Marketplaces ASA <br> (NOK) (c) | 1098757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102065 | &nbsp;&nbsp;&nbsp; Yara International ASA <br> (NOK) (c) | 5966151 |
|  |  | 26811188 |
|  | **Portugal — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1685769 | &nbsp;&nbsp;&nbsp; Banco Comercial Portugues <br> S.A., Class R (EUR) (c) | 1641893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39424 | &nbsp;&nbsp;&nbsp; Galp Energia SGPS S.A. <br> (EUR) (c) | 945297 |
|  |  | 2587190 |
|  | **Spain — 8.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14859 | Acciona S.A. (EUR) (c) | 3907378 |

---

------

**First Trust Europe AlphaDEX**<sup>®</sup> **Fund (FEP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Spain (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46686 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) (c) | $5693635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194257 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) (c) | 4195888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577136 | &nbsp;&nbsp;&nbsp; Banco de Sabadell S.A. <br> (EUR) (c) | 2067482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143073 | Banco Santander S.A. (EUR) (c) | 1603959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47371 | Bankinter S.A. (EUR) (c) | 750236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206038 | Grifols S.A. (EUR) (c) | 2155585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49981 | Indra Sistemas S.A. (EUR) (c) | 2793473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 717568 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) (c) | 3376877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787654 | Mapfre S.A. (EUR) (c) | 3510193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148340 | &nbsp;&nbsp;&nbsp; Merlin Properties Socimi S.A. <br> (EUR) (c) | 2416819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139229 | &nbsp;&nbsp;&nbsp; Puig Brands S.A., Class B <br> (EUR) (c) | 2761897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126416 | Repsol S.A. (EUR) (c) | 3558434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272466 | &nbsp;&nbsp;&nbsp; Unicaja Banco S.A. <br> (EUR) (c) (f) (g) | 808613 |
|  |  | 39600469 |
|  | **Sweden — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73339 | Boliden AB (SEK) (c) (e) | 3844566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57088 | Essity AB, Class B (SEK) (c) (d) | 1471318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9080 | Evolution AB (SEK) (c) (f) (g) | 570664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56434 | &nbsp;&nbsp;&nbsp; Industrivarden AB, Class C <br> (SEK) (c) (d) | 2797361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36645 | Saab AB, Class B (SEK) (c) | 2398407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49552 | Securitas AB, Class B (SEK) (c) | 829893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57520 | &nbsp;&nbsp;&nbsp; Skanska AB, Class B <br> (SEK) (c) (d) | 1555866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 642467 | SSAB AB, Class B (SEK) (c) (d) | 5064631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726850 | &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B <br> (SEK) (c) (d) (e) | 1641910 |
|  |  | 20174616 |
|  | **Switzerland — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26607 | &nbsp;&nbsp;&nbsp; Accelleron Industries AG <br> (CHF) (c) | 2404907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26624 | Adecco Group AG (CHF) (c) | 640366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8584 | Galderma Group AG (CHF) (c) | 1687046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44064 | Holcim AG (CHF) (c) | 3642416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4277 | &nbsp;&nbsp;&nbsp; Swissquote Group Holding S.A. <br> (CHF) (c) | 2124553 |
|  |  | 10499288 |
|  | **United Kingdom — 21.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67768 | 3i Group PLC (GBP) (c) | 2208614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841669 | Aberdeen Group PLC (GBP) (c) | 2132200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16521 | Admiral Group PLC (GBP) (c) | 690999 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31822 | &nbsp;&nbsp;&nbsp; Anglogold Ashanti PLC <br> (ZAR) (c) | $3176218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80564 | Antofagasta PLC (GBP) (c) | 3612828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135090 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) (c) | 3381599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208315 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) (c) | 3233989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107634 | BAE Systems PLC (GBP) (c) | 3155648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583881 | Barclays PLC (GBP) (c) | 3055713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244361 | Beazley PLC (GBP) (c) | 4128791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57785 | &nbsp;&nbsp;&nbsp; Berkeley Group Holdings PLC <br> (GBP) (c) (e) | 2647054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477397 | &nbsp;&nbsp;&nbsp; British Land (The) Co. PLC <br> (GBP) (c) | 2258247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579758 | BT Group PLC (GBP) (c) | 1624800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56038 | Carnival PLC (GBP) (c) | 1429405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332591 | Centrica PLC (GBP) (c) | 941705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477684 | easyJet PLC (GBP) (c) | 2222563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89364 | &nbsp;&nbsp;&nbsp; Endeavour Mining PLC <br> (GBP) (c) | 5384128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114619 | Evraz PLC (GBP) (c) (e) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117399 | Fresnillo PLC (GBP) (c) | 5203797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267177 | Harbour Energy PLC (GBP) (c) | 1062406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65275 | &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals PLC <br> (GBP) (c) | 1096342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106036 | HSBC Holdings PLC (GBP) (c) | 1741375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205802 | &nbsp;&nbsp;&nbsp; IG Group Holdings PLC <br> (GBP) (c) | 3918955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17545 | Imperial Brands PLC (GBP) (c) | 711407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514290 | J Sainsbury PLC (GBP) (c) | 2315403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325714 | &nbsp;&nbsp;&nbsp; JD Sports Fashion PLC <br> (GBP) (c) | 2205830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359002 | Kingfisher PLC (GBP) (c) | 1365038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190419 | &nbsp;&nbsp;&nbsp; Land Securities Group PLC <br> (GBP) (c) | 1404569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304624 | &nbsp;&nbsp;&nbsp; LondonMetric Property PLC <br> (GBP) (c) | 735843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438022 | M&G PLC (GBP) (c) | 1591076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54103 | Mondi PLC (GBP) (c) | 611664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106218 | NatWest Group PLC (GBP) (c) | 786852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157340 | Pearson PLC (GBP) (c) | 2074338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266144 | Prudential PLC (GBP) (c) | 3700208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56694 | Rio Tinto PLC (GBP) (c) | 5259680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186265 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) (c) | 2829799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83752 | Shell PLC (GBP) (c) | 3878953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43637 | St. James's Place PLC (GBP) (c) | 688528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192993 | &nbsp;&nbsp;&nbsp; Standard Chartered PLC <br> (GBP) (c) | 4021920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497498 | Tesco PLC (GBP) (c) | 3126771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1917296 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) (c) | 3610984 |

---

------

**First Trust Europe AlphaDEX**<sup>®</sup> **Fund (FEP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308258 | &nbsp;&nbsp;&nbsp; UNITE Group (The) PLC <br> (GBP) (c) | $1867668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1286224 | Vodafone Group PLC (GBP) (c) | 1940066 |
|  |  | 103033973 |
|  | **United States — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12125 | Autoliv, Inc., SDR (SEK) (c) | 1285174 |
|  | **Total Common Stocks** | 484978902 |
|  | (Cost $405,722,444) |  |
| **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** |
|  | **Italy — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1377902 | &nbsp;&nbsp;&nbsp; Telecom Italia S.p.A., expiring <br> 04/06/26 (EUR) (c) (e) (h) | 13 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426005 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.53% (j) | 426005 |
|  | (Cost $426,005) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 4.3%** | **REPURCHASE AGREEMENTS — 4.3%** | **REPURCHASE AGREEMENTS — 4.3%** |
| $20811747 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 3.66% (j), dated <br> 03/31/26, due 04/01/26, with a <br> maturity value of $20,813,863. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 05/07/26 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $21,227,984. (k) | 20811747 |
|  | (Cost $20,811,747) |  |
|  | **Total Investments — 103.8%** | 506216667 |
|  | (Cost $426,960,196) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.8)%** | (18549219)<br>|
|  | **Net Assets — 100.0%** | $487667448 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $474,279,492 or 97.3% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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 $17,907,531 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $20,811,747.

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| NOK | – Norwegian Krone |
| SDR | – Swedish Depositary Receipt |
| SEK | – Swedish Krona |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

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

------

**First Trust Europe AlphaDEX**<sup>®</sup> **Fund (FEP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 22.5% |
| Financials | &nbsp;&nbsp; 19.6 |
| Materials | &nbsp;&nbsp; 14.5 |
| Energy | &nbsp;&nbsp;&nbsp; 9.7 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 8.4 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 5.0 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.4 |
| Utilities | &nbsp;&nbsp;&nbsp; 4.4 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 4.1 |
| All Other | &nbsp;&nbsp;&nbsp; 7.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 57.7% |
| GBP | &nbsp;&nbsp; 20.8 |
| NOK | &nbsp;&nbsp;&nbsp; 5.3 |
| DKK | &nbsp;&nbsp;&nbsp; 4.7 |
| USD | &nbsp;&nbsp;&nbsp; 4.6 |
| SEK | &nbsp;&nbsp;&nbsp; 4.2 |
| CHF | &nbsp;&nbsp;&nbsp; 2.1 |
| ZAR | &nbsp;&nbsp;&nbsp; 0.6 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Belgium | $9018825 | &nbsp;&nbsp; $3971066 | &nbsp;&nbsp; $5047759 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Greece | 10039143 | &nbsp;&nbsp; 2789676 | &nbsp;&nbsp; 7249467 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Ireland | 3984612 | &nbsp;&nbsp; 2227843 | &nbsp;&nbsp; 1756769 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Italy | 50202427 | &nbsp;&nbsp; 852564 | &nbsp;&nbsp; 49349863 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Netherlands | 16187210 | &nbsp;&nbsp; 858274 | &nbsp;&nbsp; 15328936 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; United Kingdom | 103033973 | &nbsp;&nbsp; — | &nbsp;&nbsp; 103033973 | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 292512712 | &nbsp;&nbsp; — | &nbsp;&nbsp; 292512712 | &nbsp;&nbsp; — |
| Rights\* | 13 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13 | &nbsp;&nbsp; — |
| Money Market Funds | 426005 | &nbsp;&nbsp; 426005 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 20811747 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20811747 | &nbsp;&nbsp; — |
| Total Investments | $506216667 | &nbsp;&nbsp; $11125428 | &nbsp;&nbsp; $495091239 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

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

\* See Portfolio of Investments for country breakout.

\*\* Investment is valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Latin America AlphaDEX**<sup>®</sup> **Fund (FLN)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** |
|  | **Bermuda — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1485 | Credicorp Ltd. | $503682 |
|  | **Brazil — 63.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174180 | Ambev S.A. (BRL) | 512803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100897 | Axia Energia (BRL) | 1140676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119041 | &nbsp;&nbsp;&nbsp; Banco Bradesco S.A. (Preference <br> Shares) (BRL) | 440556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109088 | Banco BTG Pactual S.A. (BRL) | 1185471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95330 | Banco do Brasil S.A. (BRL) | 423292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35813 | &nbsp;&nbsp;&nbsp; Banco Santander Brasil S.A. <br> (BRL) | 211842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63314 | &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes <br> S.A. (BRL) | 425487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32863 | &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do <br> Estado de Sao Paulo SABESP <br> (BRL) | 1003937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472160 | &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 1149442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173276 | &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - <br> Copel (BRL) | 516163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52456 | Embraer S.A. (BRL) | 779268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318102 | Eneva S.A. (BRL) (c) | 1507037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28496 | Equatorial S.A. (BRL) | 224289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253562 | &nbsp;&nbsp;&nbsp; Gerdau S.A. (Preference Shares) <br> (BRL) | 930081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83274 | &nbsp;&nbsp;&nbsp; Itau Unibanco Holding S.A. <br> (Preference Shares) (BRL) | 699007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374534 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 1010837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27673 | Localiza Rent a Car S.A. (BRL) | 250987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167342 | &nbsp;&nbsp;&nbsp; Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 1572350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21117 | Porto Seguro S.A. (BRL) | 205917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138069 | PRIO S.A. (BRL) (c) | 1764829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100087 | &nbsp;&nbsp;&nbsp; Rede D'Or Sao Luiz S.A. <br> (BRL) (d) (e) | 752993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84402 | Suzano S.A. (BRL) | 845674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92714 | Telefonica Brasil S.A. (BRL) | 737975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134415 | TIM S.A. (BRL) | 712576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68773 | TOTVS S.A. (BRL) | 463899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143776 | &nbsp;&nbsp;&nbsp; Ultrapar Participacoes S.A. <br> (BRL) | 797175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54858 | Vale S.A. (BRL) | 873517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229317 | Vibra Energia S.A. (BRL) | 1399848 |
|  |  | 22537928 |
|  | **Cayman Islands — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37048 | NU Holdings Ltd., Class A (c) | 532380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20911 | StoneCo Ltd., Class A (c) | 295263 |
|  |  | 827643 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Chile — 11.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13419 | &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones <br> S.A. (CLP) | $869238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2985364 | Banco Santander Chile (CLP) | 247206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108016 | Empresas Copec S.A. (CLP) | 746337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166761 | Falabella S.A. (CLP) | 1020809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 43502970 | &nbsp;&nbsp;&nbsp; Latam Airlines Group S.A. <br> (CLP) | 1071301 |
|  |  | 3954891 |
|  | **Colombia — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15163 | &nbsp;&nbsp;&nbsp; Grupo Cibest S.A. (Preference <br> Shares) (COP) | 278607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66288 | &nbsp;&nbsp;&nbsp; Interconexion Electrica S.A. ESP <br> (COP) | 505237 |
|  |  | 783844 |
|  | **Mexico — 19.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567218 | &nbsp;&nbsp;&nbsp; America Movil S.A.B. de C.V., <br> Series B (MXN) | 720930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884031 | &nbsp;&nbsp;&nbsp; Cemex S.A.B. de C.V., <br> Series CPO (MXN) | 1013605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134291 | &nbsp;&nbsp;&nbsp; Fibra Uno Administracion S.A. <br> de C.V. (MXN) | 218561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20653 | &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano <br> S.A.B. de C.V., Series UBD <br> (MXN) | 228032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55728 | &nbsp;&nbsp;&nbsp; Grupo Bimbo S.A.B. de C.V., <br> Series A (MXN) | 186869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25203 | &nbsp;&nbsp;&nbsp; Grupo Comercial Chedraui S.A. <br> de C.V. (MXN) | 148071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78589 | &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 871613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215917 | &nbsp;&nbsp;&nbsp; Grupo Financiero Inbursa S.A.B. <br> de C.V., Class O (MXN) | 543918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45386 | &nbsp;&nbsp;&nbsp; Grupo Mexico S.A.B. de C.V., <br> Series B (MXN) | 485995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22141 | &nbsp;&nbsp;&nbsp; Industrias Penoles S.A.B. de <br> C.V. (MXN) (c) | 984084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251119 | &nbsp;&nbsp;&nbsp; Prologis Property Mexico S.A. <br> de C.V. (MXN) | 1096640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29015 | &nbsp;&nbsp;&nbsp; Promotora y Operadora de <br> Infraestructura S.A.B. de C.V. <br> (MXN) | 469165 |
|  |  | 6967483 |
|  | **Total Investments — 99.5%** | 35575471 |
|  | (Cost $29,402,192) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.5%** | 183609 |
|  | **Net Assets — 100.0%** | $35759080 |

---

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

------

**First Trust Latin America AlphaDEX**<sup>®</sup> **Fund (FLN)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| MXN | – Mexican Peso |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 24.6% |
| Utilities | &nbsp;&nbsp; 17.0 |
| Materials | &nbsp;&nbsp; 14.4 |
| Consumer Discretionary | &nbsp;&nbsp; 11.2 |
| Energy | &nbsp;&nbsp;&nbsp; 9.4 |
| Industrials | &nbsp;&nbsp;&nbsp; 7.2 |
| Communication Services | &nbsp;&nbsp;&nbsp; 6.1 |
| Real Estate | &nbsp;&nbsp;&nbsp; 3.7 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 3.0 |
| All Other | &nbsp;&nbsp;&nbsp; 3.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| BRL | &nbsp;&nbsp; 63.4% |
| MXN | &nbsp;&nbsp; 19.6 |
| CLP | &nbsp;&nbsp; 11.1 |
| USD | &nbsp;&nbsp;&nbsp; 3.7 |
| COP | &nbsp;&nbsp;&nbsp; 2.2 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $35575471 | &nbsp;&nbsp; $35575471 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**First Trust China AlphaDEX**<sup>®</sup> **Fund (FCA)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** |
|  | **Air Freight & Logistics —** <br> **4.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519321 | &nbsp;&nbsp;&nbsp; J&T Global Express Ltd. <br> (HKD) (b) (c) | $672217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2375939 | &nbsp;&nbsp;&nbsp; JD Logistics, Inc. <br> (HKD) (b) (c) (d) (e) | 4194236 |
|  |  | 4866453 |
|  | **Automobiles — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1326414 | &nbsp;&nbsp;&nbsp; Guangzhou Automobile Group <br> Co., Ltd., Class H <br> (HKD) (c) (f) | 517961 |
|  | **Banks — 6.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1682629 | &nbsp;&nbsp;&nbsp; Bank of Communications Co., <br> Ltd., Class H (HKD) (c) | 1520765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1411541 | &nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> Class H (HKD) (c) | 1523355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981897 | &nbsp;&nbsp;&nbsp; China Everbright Bank Co., Ltd., <br> Class H (HKD) (c) | 1160414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2761664 | &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp., <br> Ltd., Class H (HKD) (c) | 1298798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2153207 | &nbsp;&nbsp;&nbsp; China Zheshang Bank Co., Ltd., <br> Class H (HKD) (c) | 683388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882664 | &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial <br> Bank Co., Ltd., Class H <br> (HKD) | 764333 |
|  |  | 6951053 |
|  | **Broadline Retail — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48622 | JD.com, Inc., Class A (HKD) (c) | 716713 |
|  | **Communications Equipment** <br> **— 9.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419620 | &nbsp;&nbsp;&nbsp; Yangtze Optical Fibre & Cable <br> Joint Stock Ltd., Co., Class H <br> (HKD) (c) (d) (e) (f) | 10140118 |
|  | **Construction Materials —** <br> **4.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982906 | &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co., Ltd., <br> Class H (HKD) (c) | 2675315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4239871 | &nbsp;&nbsp;&nbsp; China National Building <br> Material Co., Ltd., Class H <br> (HKD) (c) | 2601047 |
|  |  | 5276362 |
|  | **Diversified Telecommunication** <br> **Services — 2.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347155 | &nbsp;&nbsp;&nbsp; China Tower Corp., Ltd., <br> Class H (HKD) (c) (d) (e) | 3209300 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Electrical Equipment — 7.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1085259 | &nbsp;&nbsp;&nbsp; Dongfang Electric Corp., Ltd., <br> Class H (HKD) (c) (f) | $4781543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1618739 | &nbsp;&nbsp;&nbsp; Goldwind Science & <br> Technology Co., Ltd., Class H <br> (HKD) (c) | 2965722 |
|  |  | 7747265 |
|  | **Energy Equipment & Services** <br> **— 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2328502 | &nbsp;&nbsp;&nbsp; China Oilfield Services Ltd., <br> Class H (HKD) (c) | 2667994 |
|  | **Food Products — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1336707 | &nbsp;&nbsp;&nbsp; China Feihe Ltd. <br> (HKD) (c) (d) (e) | 597482 |
|  | **Gas Utilities — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78435 | &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. <br> (HKD) (c) | 638651 |
|  | **Health Care Providers &** <br> **Services — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953715 | &nbsp;&nbsp;&nbsp; Shanghai Pharmaceuticals <br> Holding Co., Ltd., Class H <br> (HKD) (c) | 1411128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837250 | &nbsp;&nbsp;&nbsp; Sinopharm Group Co., Ltd., <br> Class H (HKD) (c) | 2172131 |
|  |  | 3583259 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000201 | &nbsp;&nbsp;&nbsp; Huadian Power International <br> Corp., Ltd., Class H <br> (HKD) (c) | 2067101 |
|  | **Insurance — 13.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792914 | &nbsp;&nbsp;&nbsp; China Life Insurance Co., Ltd., <br> Class H (HKD) (c) | 2529580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462521 | &nbsp;&nbsp;&nbsp; China Pacific Insurance Group <br> Co., Ltd., Class H (HKD) (c) | 1894301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12920728 | &nbsp;&nbsp;&nbsp; China Reinsurance Group Corp., <br> Class H (HKD) (c) | 2443165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399419 | &nbsp;&nbsp;&nbsp; New China Life Insurance Co., <br> Ltd., Class H (HKD) (c) | 2377909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1608047 | &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of <br> China (The) Ltd., Class H <br> (HKD) (c) | 1119890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995215 | &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co., <br> Ltd., Class H (HKD) (c) | 1831970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250121 | &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of <br> China Ltd., Class H (HKD) (c) | 1923234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797461 | &nbsp;&nbsp;&nbsp; Sunshine Insurance Group Co., <br> Ltd., Class H (HKD) (c) | 1306643 |
|  |  | 15426692 |

---

------

**First Trust China AlphaDEX**<sup>®</sup> **Fund (FCA)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Marine Transportation —** <br> **3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1973147 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings <br> Co., Ltd., Class H (HKD) (c) | $3757408 |
|  | **Metals & Mining — 15.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2228672 | &nbsp;&nbsp;&nbsp; Aluminum Corp. of China Ltd., <br> Class H (HKD) (c) | 3260472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831833 | &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. <br> (HKD) (c) | 3757564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845094 | &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H <br> (HKD) (c) | 1777368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633106 | &nbsp;&nbsp;&nbsp; Jiangxi Copper Co., Ltd., <br> Class H (HKD) (c) | 2811772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470411 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H <br> (HKD) (c) (d) (e) | 1984083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353294 | &nbsp;&nbsp;&nbsp; Zhaojin Mining Industry Co., <br> Ltd., Class H (HKD) (c) | 1467778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455043 | &nbsp;&nbsp;&nbsp; Zijin Mining Group Co., Ltd., <br> Class H (HKD) (c) | 2047010 |
|  |  | 17106047 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 11.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2181530 | &nbsp;&nbsp;&nbsp; China Coal Energy Co., Ltd., <br> Class H (HKD) (c) | 3676671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323522 | &nbsp;&nbsp;&nbsp; China Petroleum & Chemical <br> Corp., Class H (HKD) (c) | 1335629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1460098 | &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co., <br> Ltd., Class B | 3140671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3235247 | &nbsp;&nbsp;&nbsp; PetroChina Co., Ltd., Class H <br> (HKD) (c) | 4438311 |
|  |  | 12591282 |
|  | **Passenger Airlines — 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767719 | &nbsp;&nbsp;&nbsp; Air China Ltd., Class H <br> (HKD) (b) (c) | 452435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5088933 | &nbsp;&nbsp;&nbsp; China Eastern Airlines Corp., <br> Ltd., Class H (HKD) (b) (c) | 2297821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797285 | &nbsp;&nbsp;&nbsp; China Southern Airlines Co., <br> Ltd., Class H (HKD) (b) (c) | 1406559 |
|  |  | 4156815 |
|  | **Real Estate Management &** <br> **Development — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1268134 | &nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd. <br> (HKD) (c) (d) (e) (f) | 1234611 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69179 | &nbsp;&nbsp;&nbsp; InnoScience Suzhou Technology <br> Holding Co., Ltd., Class H <br> (HKD) (b) (c) (f) | $452069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119573 | &nbsp;&nbsp;&nbsp; Shanghai Fudan <br> Microelectronics Group Co., <br> Ltd., Class H (HKD) (c) | 594195 |
|  |  | 1046264 |
|  | **Transportation Infrastructure** <br> **— 5.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3898218 | &nbsp;&nbsp;&nbsp; Qingdao Port International Co., <br> Ltd., Class H (HKD) (d) (e) | 3385561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3026564 | &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co., Ltd., <br> Class H (HKD) (c) | 2781856 |
|  |  | 6167417 |
|  | **Total Common Stocks** | 110466248 |
|  | (Cost $103,913,360) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16481 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (g) | 16481 |
|  | (Cost $16,481) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 13.3%** | **REPURCHASE AGREEMENTS — 13.3%** | **REPURCHASE AGREEMENTS — 13.3%** |
| $14637231 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 3.66% (g), dated 03/31/26, <br> due 04/01/26, with a maturity <br> value of $14,638,719. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.63%, due 11/30/26 to <br> 02/15/32. The value of the <br> collateral including accrued <br> interest is $14,929,976. (h) | 14637231 |
|  | (Cost $14,637,231) |  |
|  | **Total Investments — 113.2%** | 125119960 |
|  | (Cost $118,567,072) |  |
|  | **Net Other Assets and** <br> **Liabilities — (13.2)%** | (14581246)<br>|
|  | **Net Assets — 100.0%** | $110538714 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

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

------

**First Trust China AlphaDEX**<sup>®</sup> **Fund (FCA)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $103,175,683 or 93.3% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) 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 $13,618,637 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $14,637,231.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of March 31, 2026.

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

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

Abbreviations throughout the Portfolio of Investments: <br> HKD – Hong Kong Dollar <br> USD – United States Dollar

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| China | &nbsp;&nbsp; 89.3% |
| Japan | &nbsp;&nbsp; 13.3 |
| Cayman Islands | &nbsp;&nbsp; 10.6 |
| United States | &nbsp;&nbsp;&nbsp; 0.0<sup>†</sup><sup>†</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total Investments | 113.2 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | (13.2) |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| Portfolio securities are categorized based upon their country <br> of incorporation, which can be different from the country <br> categorization of the Fund's underlying index.<br>|
| <sup>†</sup><sup>†</sup> <br>| Amount is less than 0.1%. |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| HKD | &nbsp;&nbsp; 85.8% |
| USD | &nbsp;&nbsp; 14.2 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banks | $6951053 | &nbsp;&nbsp; $764333 | &nbsp;&nbsp; $6186720 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & <br> Consumable Fuels<br>| 12591282 | &nbsp;&nbsp; 3140671 | &nbsp;&nbsp; 9450611 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation <br> Infrastructure<br>| 6167417 | &nbsp;&nbsp; 3385561 | &nbsp;&nbsp; 2781856 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Industry <br> Categories\*<br>| 84756496 | &nbsp;&nbsp; — | &nbsp;&nbsp; 84756496 | &nbsp;&nbsp; — |
| Money Market Funds | 16481 | &nbsp;&nbsp; 16481 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 14637231 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14637231 | &nbsp;&nbsp; — |
| Total Investments | $125119960 | &nbsp;&nbsp; $7307046 | &nbsp;&nbsp; $117812914 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Japan AlphaDEX**<sup>®</sup> **Fund (FJP)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 98.9%** | **COMMON STOCKS (a) — 98.9%** | **COMMON STOCKS (a) — 98.9%** |
|  | **Air Freight & Logistics —** <br> **0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65800 | &nbsp;&nbsp;&nbsp; NIPPON EXPRESS <br> HOLDINGS, Inc. (JPY) (b) | $1487140 |
|  | **Automobile Components —** <br> **4.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188400 | Aisin Corp. (JPY) (b) | 2654200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51100 | Denso Corp. (JPY) (b) | 640696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | Niterra Co., Ltd. (JPY) (b) | 754425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69700 | &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries <br> Ltd. (JPY) (b) | 3960360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73300 | &nbsp;&nbsp;&nbsp; Yokohama Rubber (The) Co., <br> Ltd. (JPY) (b) | 2812399 |
|  |  | 10822080 |
|  | **Automobiles — 4.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287200 | Honda Motor Co., Ltd. (JPY) (b) | 2324474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135600 | Isuzu Motors Ltd. (JPY) (b) | 1952744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271400 | Mazda Motor Corp. (JPY) (b) (c) | 1856320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162400 | Subaru Corp. (JPY) (b) (c) | 2616490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141700 | Suzuki Motor Corp. (JPY) (b) | 1727142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32900 | Toyota Motor Corp. (JPY) (b) | 683904 |
|  |  | 11161074 |
|  | **Banks — 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129900 | &nbsp;&nbsp;&nbsp; Hachijuni Nagano Bank Ltd. <br> (JPY) (b) (c) | 1633231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212500 | &nbsp;&nbsp;&nbsp; Mebuki Financial Group, Inc. <br> (JPY) (b) | 1657253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90700 | &nbsp;&nbsp;&nbsp; Shizuoka Financial Group, Inc. <br> (JPY) (b) (c) | 1506034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23100 | &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Group, <br> Inc. (JPY) (b) | 735888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170500 | &nbsp;&nbsp;&nbsp; Yokohama Financial Group, Inc. <br> (JPY) (b) (c) | 1521917 |
|  |  | 7054323 |
|  | **Beverages — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134500 | &nbsp;&nbsp;&nbsp; Asahi Group Holdings Ltd. <br> (JPY) (b) | 1342933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23300 | &nbsp;&nbsp;&nbsp; Suntory Beverage & Food Ltd. <br> (JPY) (b) | 657994 |
|  |  | 2000927 |
|  | **Building Products — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63700 | AGC, Inc. (JPY) (b) | 2256733 |
|  | **Capital Markets — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65300 | SBI Holdings, Inc. (JPY) (b) | 1209118 |
|  | **Chemicals — 7.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317600 | Asahi Kasei Corp. (JPY) (b) | 3107550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482000 | &nbsp;&nbsp;&nbsp; Mitsubishi Chemical Group <br> Corp. (JPY) (b) | 2817834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55100 | Mitsui Chemicals, Inc. (JPY) (b) | 665606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50700 | &nbsp;&nbsp;&nbsp; Resonac Holdings Corp. <br> (JPY) (b) | 3299748 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Chemicals (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989900 | &nbsp;&nbsp;&nbsp; Sumitomo Chemical Co., Ltd. <br> (JPY) (b) (c) | $3202886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57000 | &nbsp;&nbsp;&nbsp; Tokyo Ohka Kogyo Co., Ltd. <br> (JPY) (b) | 2789309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46900 | Tosoh Corp. (JPY) (b) (c) | 697163 |
|  |  | 16580096 |
|  | **Commercial Services &** <br> **Supplies — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23700 | &nbsp;&nbsp;&nbsp; TOPPAN Holdings, Inc. <br> (JPY) (b) | 625080 |
|  | **Construction & Engineering** <br> **— 8.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94500 | Kajima Corp. (JPY) (b) | 3605050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109700 | Kandenko Co., Ltd. (JPY) (b) | 4166363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64900 | Kinden Corp. (JPY) (b) | 2919753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101200 | Obayashi Corp. (JPY) (b) | 2451111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206600 | Shimizu Corp. (JPY) (b) | 3706635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37200 | Taisei Corp. (JPY) (b) | 3853985 |
|  |  | 20702897 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133600 | Aeon Co., Ltd. (JPY) (b) | 1597314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76600 | Tsuruha Holdings, Inc. (JPY) (b) | 1202001 |
|  |  | 2799315 |
|  | **Electric Utilities — 4.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182900 | &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. <br> (JPY) (b) | 3015456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224600 | &nbsp;&nbsp;&nbsp; Kansai Electric Power (The) Co., <br> Inc. (JPY) (b) (c) | 3734217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328400 | &nbsp;&nbsp;&nbsp; Kyushu Electric Power Co., Inc. <br> (JPY) (b) | 3806672 |
|  |  | 10556345 |
|  | **Electrical Equipment — 3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9300 | Fuji Electric Co., Ltd. (JPY) (b) | 651484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151800 | Fujikura Ltd. (JPY) (b) | 4174809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72200 | &nbsp;&nbsp;&nbsp; Mitsubishi Electric Corp. <br> (JPY) (b) | 2361452 |
|  |  | 7187745 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49200 | Ibiden Co., Ltd. (JPY) (b) | 2461993 |
|  | **Energy Equipment & Services** <br> **— 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46300 | Modec, Inc. (JPY) (b) | 4382948 |
|  | **Financial Services — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168200 | &nbsp;&nbsp;&nbsp; Mitsubishi HC Capital, Inc. <br> (JPY) (b) (c) | 1509270 |

---

------

**First Trust Japan AlphaDEX**<sup>®</sup> **Fund (FJP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Financial Services (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24200 | ORIX Corp. (JPY) (b) | $718047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108700 | Tokyo Century Corp. (JPY) (b) | 1407062 |
|  |  | 3634379 |
|  | **Gas Utilities — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60900 | Osaka Gas Co., Ltd. (JPY) (b) | 2466726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53300 | Tokyo Gas Co., Ltd. (JPY) (b) | 2510220 |
|  |  | 4976946 |
|  | **Ground Transportation —** <br> **3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127100 | &nbsp;&nbsp;&nbsp; Central Japan Railway Co. <br> (JPY) (b) | 3304751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp; Hankyu Hanshin Holdings, Inc. <br> (JPY) (b) (c) | 809621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76900 | &nbsp;&nbsp;&nbsp; Seibu Holdings, Inc. <br> (JPY) (b) (c) | 2148492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70600 | &nbsp;&nbsp;&nbsp; West Japan Railway Co. <br> (JPY) (b) | 1397917 |
|  |  | 7660781 |
|  | **Household Durables — 4.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141900 | Haseko Corp. (JPY) (b) | 2621456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47900 | &nbsp;&nbsp;&nbsp; Open House Group Co., Ltd. <br> (JPY) (b) | 3069994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109000 | &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. <br> (JPY) (b) | 1828079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31500 | Sekisui House Ltd. (JPY) (b) | 705823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206200 | &nbsp;&nbsp;&nbsp; Sumitomo Forestry Co., Ltd. <br> (JPY) (b) | 1876143 |
|  |  | 10101495 |
|  | **Industrial Conglomerates —** <br> **0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41900 | &nbsp;&nbsp;&nbsp; Sekisui Chemical Co., Ltd. <br> (JPY) (b) | 703445 |
|  | **Insurance — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70200 | &nbsp;&nbsp;&nbsp; Japan Post Insurance Co., Ltd. <br> (JPY) (b) | 708009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41300 | Sompo Holdings, Inc. (JPY) (b) | 1607736 |
|  |  | 2315745 |
|  | **Machinery — 4.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29900 | Ebara Corp. (JPY) (b) | 846413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47600 | &nbsp;&nbsp;&nbsp; Hitachi Construction Machinery <br> Co., Ltd. (JPY) (b) | 1634452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66200 | Komatsu Ltd. (JPY) (b) | 2636122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49800 | Kubota Corp. (JPY) (b) | 798055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164500 | NGK Insulators Ltd. (JPY) (b) | 4239599 |
|  |  | 10154641 |
|  | **Marine Transportation —** <br> **5.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252800 | &nbsp;&nbsp;&nbsp; Kawasaki Kisen Kaisha Ltd. <br> (JPY) (b) (c) | 4269949 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Marine Transportation** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117100 | &nbsp;&nbsp;&nbsp; Mitsui OSK Lines Ltd. <br> (JPY) (b) (c) | $4866770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108600 | Nippon Yusen KK (JPY) (b) (c) | 3989397 |
|  |  | 13126116 |
|  | **Metals & Mining — 6.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220800 | JFE Holdings, Inc. (JPY) (b) (c) | 2584965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266200 | Kobe Steel Ltd. (JPY) (b) | 3230643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31300 | Mitsui Kinzoku Co., (JPY) (b) | 5937135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69400 | &nbsp;&nbsp;&nbsp; Sumitomo Metal Mining Co., <br> Ltd. (JPY) (b) | 4039302 |
|  |  | 15792045 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199200 | ENEOS Holdings, Inc. (JPY) (b) | 1794819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176300 | Inpex Corp. (JPY) (b) | 5214865 |
|  |  | 7009684 |
|  | **Paper & Forest Products —** <br> **0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256400 | Oji Holdings Corp. (JPY) (b) (c) | 1387137 |
|  | **Passenger Airlines — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111100 | &nbsp;&nbsp;&nbsp; ANA Holdings, Inc. <br> (JPY) (b) (c) | 1989718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189800 | &nbsp;&nbsp;&nbsp; Japan Airlines Co., Ltd. <br> (JPY) (b) (c) | 3098753 |
|  |  | 5088471 |
|  | **Pharmaceuticals — 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158100 | Astellas Pharma, Inc. (JPY) (b) | 2577317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37300 | &nbsp;&nbsp;&nbsp; Otsuka Holdings Co., Ltd. <br> (JPY) (b) | 2647214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237900 | &nbsp;&nbsp;&nbsp; Sumitomo Pharma Co., Ltd. <br> (JPY) (b) (d) | 3245533 |
|  |  | 8470064 |
|  | **Real Estate Management &** <br> **Development — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21200 | &nbsp;&nbsp;&nbsp; Daiwa House Industry Co., Ltd. <br> (JPY) (b) | 665107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57700 | &nbsp;&nbsp;&nbsp; Mitsubishi Estate Co., Ltd. <br> (JPY) (b) | 1601548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61900 | &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co., Ltd. <br> (JPY) (b) | 659881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308700 | &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. <br> (JPY) (b) | 2634772 |
|  |  | 5561308 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 2.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22500 | Advantest Corp. (JPY) (b) | 3105150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60200 | Kokusai Electric Corp. (JPY) (b) | 2035645 |

---

------

**First Trust Japan AlphaDEX**<sup>®</sup> **Fund (FJP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14400 | &nbsp;&nbsp;&nbsp; SCREEN Holdings Co., Ltd. <br> (JPY) (b) | $857902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200 | Tokyo Electron Ltd. (JPY) (b) | 795043 |
|  |  | 6793740 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141300 | Brother Industries Ltd. (JPY) (b) | 2615893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp; FUJIFILM Holdings Corp. <br> (JPY) (b) | 1257673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321000 | Ricoh Co., Ltd. (JPY) (b) (c) | 2713574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222400 | Seiko Epson Corp. (JPY) (b) (c) | 2749577 |
|  |  | 9336717 |
|  | **Trading Companies &** <br> **Distributors — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101300 | Marubeni Corp. (JPY) (b) | 3705751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47500 | Mitsui & Co., Ltd. (JPY) (b) | 1836002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90600 | Sojitz Corp. (JPY) (b) | 3587479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61100 | Sumitomo Corp. (JPY) (b) | 2286305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104500 | Toyota Tsusho Corp. (JPY) (b) | 4050083 |
|  |  | 15465620 |
|  | **Wireless Telecommunication** <br> **Services — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50100 | SoftBank Group Corp. (JPY) (b) | 1219923 |
|  | **Total Common Stocks** | 230086071 |
|  | (Cost $188,159,158) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241154 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (e) | 241154 |
|  | (Cost $241,154) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 15.2%** | **REPURCHASE AGREEMENTS — 15.2%** | **REPURCHASE AGREEMENTS — 15.2%** |
| $35343991 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.66% (e), dated 03/31/26, due <br> 04/01/26, with a maturity <br> value of $35,347,584. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 2.75% to <br> 4.75%, due 05/15/28 to <br> 11/15/43. The value of the <br> collateral including accrued <br> interest is $36,050,875. (f) | $35343991 |
|  | (Cost $35,343,991) |  |
|  | **Total Investments — 114.2%** | 265671216 |
|  | (Cost $223,744,303) |  |
|  | **Net Other Assets and** <br> **Liabilities — (14.2)%** | (33099498)<br>|
|  | **Net Assets — 100.0%** | $232571718 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $230,086,071 or 98.9% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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 $34,367,228 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $35,343,991.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) Rate shown reflects yield as of March 31, 2026.

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

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

Abbreviations throughout the Portfolio of Investments: <br> JPY – Japanese Yen <br> USD – United States Dollar

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

------

**First Trust Japan AlphaDEX**<sup>®</sup> **Fund (FJP)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| Japan | &nbsp;&nbsp; 98.9% |
| United States | &nbsp;&nbsp; 15.3 |
| &nbsp;&nbsp;&nbsp; Total Investments | 114.2 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | (14.2) |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

<sup>†</sup> Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index.

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| JPY | &nbsp;&nbsp; 86.6% |
| USD | &nbsp;&nbsp; 13.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $230086071 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $230086071 | &nbsp;&nbsp; $— |
| Money Market Funds | 241154 | &nbsp;&nbsp; 241154 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 35343991 | &nbsp;&nbsp; — | &nbsp;&nbsp; 35343991 | &nbsp;&nbsp; — |
| Total Investments | $265671216 | &nbsp;&nbsp; $241154 | &nbsp;&nbsp; $265430062 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** |
|  | **Australia — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263950 | &nbsp;&nbsp;&nbsp; Eagers Automotive Ltd. <br> (AUD) (c) | $4148819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571673 | &nbsp;&nbsp;&nbsp; Evolution Mining Ltd. <br> (AUD) (c) | 5147752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331435 | Fortescue Ltd. (AUD) (c) | 4736075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209729 | &nbsp;&nbsp;&nbsp; Harvey Norman Holdings Ltd. <br> (AUD) (c) | 720504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276229 | &nbsp;&nbsp;&nbsp; Lynas Rare Earths Ltd. <br> (AUD) (c) (d) | 3750491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1595673 | &nbsp;&nbsp;&nbsp; Ramelius Resources Ltd. <br> (AUD) (c) | 4154274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38225 | Rio Tinto Ltd. (AUD) (c) | 4342881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689957 | Santos Ltd. (AUD) (c) | 3776512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 614207 | Vicinity Ltd. (AUD) (c) | 1002012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336040 | &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. <br> (AUD) (c) | 7976763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1460192 | &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. <br> (AUD) (c) (e) | 8421623 |
|  |  | 48177706 |
|  | **Austria — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19321 | OMV AG (EUR) (c) | 1413532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207206 | &nbsp;&nbsp;&nbsp; UNIQA Insurance Group AG <br> (EUR) (c) | 3629956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18696 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) (c) | 1328444 |
|  |  | 6371932 |
|  | **Belgium — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78484 | Colruyt Group N.V. (EUR) | 3291182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7481 | UCB S.A. (EUR) (c) | 2254012 |
|  |  | 5545194 |
|  | **Bermuda — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1047485 | &nbsp;&nbsp;&nbsp; China Gas Holdings Ltd. <br> (HKD) (c) | 957164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588111 | &nbsp;&nbsp;&nbsp; Johnson Electric Holdings Ltd. <br> (HKD) (c) | 1784467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4587674 | &nbsp;&nbsp;&nbsp; Kunlun Energy Co., Ltd. <br> (HKD) (c) | 4191975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316211 | &nbsp;&nbsp;&nbsp; Orient Overseas International <br> Ltd. (HKD) (c) | 5639436 |
|  |  | 12573042 |
|  | **Canada — 11.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18352 | Agnico Eagle Mines Ltd. (CAD) | 3725149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29529 | &nbsp;&nbsp;&nbsp; Alamos Gold, Inc., Class A <br> (CAD) | 1313744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281188 | ARC Resources Ltd. (CAD) | 5851767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51088 | Aritzia, Inc. (CAD) (d) | 4169010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42810 | AtkinsRealis Group, Inc. (CAD) | 2754292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622372 | B2Gold Corp. (CAD) | 2827540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125421 | Barrick Mining Corp. (CAD) | 5125572 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Canada (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22071 | &nbsp;&nbsp;&nbsp; Bombardier, Inc., Class B <br> (CAD) (d) | $3903319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12285 | Cameco Corp. (CAD) | 1335975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96642 | &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. <br> (CAD) | 4714346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121284 | &nbsp;&nbsp;&nbsp; Capstone Copper Corp. <br> (CAD) (d) | 914578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20920 | Celestica, Inc. (CAD) (d) | 5901392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121325 | Cenovus Energy, Inc. (CAD) | 3219983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138798 | DPM Metals, Inc. (CAD) | 4887015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142056 | Eldorado Gold Corp. (CAD) | 4878165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66503 | &nbsp;&nbsp;&nbsp; Finning International, Inc. <br> (CAD) | 4115145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4607 | Franco-Nevada Corp. (CAD) | 1140738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203127 | Hudbay Minerals, Inc. (CAD) | 4253533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396915 | IAMGOLD Corp. (CAD) (d) | 7464091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165293 | Kinross Gold Corp. (CAD) | 5053491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47667 | Lundin Gold, Inc. (CAD) | 3642785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86931 | Magna International, Inc. (CAD) | 4854913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240207 | OceanaGold Corp. (CAD) | 7573488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51387 | OR Royalties, Inc. (CAD) | 1956703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79750 | &nbsp;&nbsp;&nbsp; Pan American Silver Corp. <br> (CAD) | 4362717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47600 | &nbsp;&nbsp;&nbsp; Power Corp. of Canada <br> (CAD) (e) | 2291548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84821 | Saputo, Inc. (CAD) | 2649932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13862 | Shopify, Inc., Class A (CAD) (d) | 1644786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126013 | SSR Mining, Inc. (CAD) (d) | 3701309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73820 | Suncor Energy, Inc. (CAD) | 4882595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71954 | Tourmaline Oil Corp. (CAD) | 3443819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18402 | &nbsp;&nbsp;&nbsp; Wheaton Precious Metals Corp. <br> (CAD) | 2415502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 671990 | &nbsp;&nbsp;&nbsp; Whitecap Resources, Inc. <br> (CAD) (e) | 7584101 |
|  |  | 128553043 |
|  | **Cayman Islands — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525450 | &nbsp;&nbsp;&nbsp; China Resources Land Ltd. <br> (HKD) (c) | 1947492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3222441 | &nbsp;&nbsp;&nbsp; China State Construction <br> International Holdings Ltd. <br> (HKD) (c) (e) | 3431773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156392 | &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. <br> (HKD) (c) | 1200469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6255288 | &nbsp;&nbsp;&nbsp; FIT Hon Teng Ltd. <br> (HKD) (c) (d) (e) (f) (g) | 5605746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1632716 | &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. <br> (HKD) (c) | 4421719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1941857 | &nbsp;&nbsp;&nbsp; Kingboard Laminates Holdings <br> Ltd. (HKD) (c) | 4835519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1179928 | Minth Group Ltd. (HKD) (c) | 4929208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3921844 | &nbsp;&nbsp;&nbsp; Sino Biopharmaceutical Ltd. <br> (HKD) (c) | 2979508 |

---

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Cayman Islands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534926 | &nbsp;&nbsp;&nbsp; SITC International Holdings Co., <br> Ltd. (HKD) (c) | $2342186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4733917 | &nbsp;&nbsp;&nbsp; WH Group Ltd. <br> (HKD) (c) (f) (g) | 6222435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4423958 | &nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. <br> (HKD) (c) (e) | 5550633 |
|  |  | 43466688 |
|  | **Denmark — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2602 | &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, <br> Class B (DKK) (c) (e) | 6499488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286199 | H. Lundbeck A/S (DKK) (c) | 1792189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129557 | ISS A/S (DKK) (c) | 4718957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55427 | &nbsp;&nbsp;&nbsp; ROCKWOOL A/S, Class B <br> (DKK) (c) | 1539470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70972 | &nbsp;&nbsp;&nbsp; Zealand Pharma A/S <br> (DKK) (c) (d) | 3305167 |
|  |  | 17855271 |
|  | **Finland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68916 | Wartsila Oyj Abp (EUR) (c) | 2566995 |
|  | **France — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25998 | Amundi S.A. (EUR) (c) (f) (g) | 2234222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32718 | Arkema S.A. (EUR) (c) | 2246358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin S.C.A. (EUR) (c) | 2950357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35801 | Elis S.A. (EUR) (c) | 1013833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79316 | Klepierre S.A. (EUR) (c) | 2977710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44628 | Sanofi S.A. (EUR) (c) | 4309739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15567 | Societe Generale S.A. (EUR) (c) | 1136660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50847 | TotalEnergies SE (EUR) (c) | 4666462 |
|  |  | 21535341 |
|  | **Germany — 5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41280 | Aurubis AG (EUR) (c) | 7341962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120912 | Auto1 Group SE (EUR) (c) (d) | 2152735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41044 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) (c) | 3796865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81987 | Commerzbank AG (EUR) (c) | 2990844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605596 | &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG <br> (EUR) (c) | 5157149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21220 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (e) (g) | 966668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118743 | Evonik Industries AG (EUR) (c) | 2330066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19633 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) (c) | 889724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15889 | Hensoldt AG (EUR) (c) | 1410162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19221 | HOCHTIEF AG (EUR) (c) | 8743127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15281 | KION Group AG (EUR) (c) | 816500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25907 | LEG Immobilien SE (EUR) (c) | 1692299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65613 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) (c) | 4032784 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80462 | Nordex SE (EUR) (c) (d) | $4360455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30009 | RENK Group AG (EUR) (c) | 1793697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455 | Rheinmetall AG (EUR) (c) | 767491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46356 | RWE AG (EUR) (c) | 3118793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8817 | Siemens Energy AG (EUR) (c) | 1520495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211154 | thyssenkrupp AG (EUR) (c) | 1860594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28623 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) (c) | 2927932 |
|  |  | 58670342 |
|  | **Greece — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966272 | Alpha Bank S.A. (EUR) (c) | 3584233 |
|  | **Hong Kong — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960077 | &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings <br> Ltd. (HKD) (c) | 3670562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2191850 | &nbsp;&nbsp;&nbsp; China Merchants Port Holdings <br> Co., Ltd. (HKD) (c) | 4112845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470862 | &nbsp;&nbsp;&nbsp; China Power International <br> Development Ltd. (HKD) (c) | 1000472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1789794 | &nbsp;&nbsp;&nbsp; China Resources Power <br> Holdings Co., Ltd. (HKD) (c) | 4180977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524362 | &nbsp;&nbsp;&nbsp; China Taiping Insurance <br> Holdings Co., Ltd. (HKD) (c) | 1384713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7110555 | &nbsp;&nbsp;&nbsp; Guotai Junan International <br> Holdings Ltd. (HKD) (c) (e) | 2126791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1210424 | MTR Corp., Ltd. (HKD) (c) | 4960277 |
|  |  | 21436637 |
|  | **Israel — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50563 | Bank Hapoalim BM (ILS) (c) | 1187472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151825 | &nbsp;&nbsp;&nbsp; Harel Insurance Investments & <br> Financial Services Ltd. <br> (ILS) (c) | 8466625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52358 | &nbsp;&nbsp;&nbsp; Menora Mivtachim Holdings <br> Ltd. (ILS) (c) | 7623447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136643 | Phoenix Financial Ltd. (ILS) (c) | 7295930 |
|  |  | 24573474 |
|  | **Italy — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1568077 | A2A S.p.A. (EUR) (c) | 4440221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68916 | Banco BPM S.p.A. (EUR) (c) | 958660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93729 | Buzzi S.p.A. (EUR) (c) | 4738681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58963 | Eni S.p.A. (EUR) (c) | 1676550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78503 | Fincantieri S.p.A. (EUR) (c) (d) | 1211342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32463 | Leonardo S.p.A. (EUR) (c) | 2208126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346440 | Maire S.p.A. (EUR) (c) | 5392985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362553 | Nexi S.p.A. (EUR) (c) (e) (f) (g) | 1350485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452034 | &nbsp;&nbsp;&nbsp; Pirelli & C S.p.A. <br> (EUR) (c) (f) (g) | 3127845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52084 | Prysmian S.p.A. (EUR) (c) | 6150686 |
|  |  | 31255581 |
|  | **Japan — 28.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41400 | Advantest Corp. (JPY) (c) | 5713476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253700 | Aeon Co., Ltd. (JPY) (c) | 3033223 |

---

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30200 | AGC, Inc. (JPY) (c) | $1069911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295900 | Aisin Corp. (JPY) (c) | 4168672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157700 | &nbsp;&nbsp;&nbsp; ANA Holdings, Inc. <br> (JPY) (c) (e) | 2824290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390300 | Asahi Kasei Corp. (JPY) (c) | 3818882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142800 | &nbsp;&nbsp;&nbsp; Central Japan Railway Co. <br> (JPY) (c) | 3712970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294400 | &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. <br> (JPY) (c) | 4853747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170600 | CyberAgent, Inc. (JPY) (c) | 1459510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58300 | &nbsp;&nbsp;&nbsp; Dai Nippon Printing Co., Ltd. <br> (JPY) (c) | 1062226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27900 | &nbsp;&nbsp;&nbsp; Daiwa House Industry Co., Ltd. <br> (JPY) (c) | 875306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70900 | Denso Corp. (JPY) (c) | 888950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179100 | Ebara Corp. (JPY) (c) | 5069987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159600 | ENEOS Holdings, Inc. (JPY) (c) | 1438018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57200 | Food & Life Cos., Ltd. (JPY) (c) | 3412426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312600 | Fujikura Ltd. (JPY) (c) | 8597136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294000 | &nbsp;&nbsp;&nbsp; Hachijuni Nagano Bank Ltd. <br> (JPY) (c) (e) | 3696459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119900 | Haseko Corp. (JPY) (c) | 2215029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296900 | Honda Motor Co., Ltd. (JPY) (c) | 2402982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | Ibiden Co., Ltd. (JPY) (c) | 1601296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274400 | IHI Corp. (JPY) (c) | 5661697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283000 | Inpex Corp. (JPY) (c) | 8370998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324100 | Isuzu Motors Ltd. (JPY) (c) | 4667289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203500 | &nbsp;&nbsp;&nbsp; Japan Airlines Co., Ltd. <br> (JPY) (c) (e) | 3322425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101700 | &nbsp;&nbsp;&nbsp; Japan Post Insurance Co., Ltd. <br> (JPY) (c) | 1025705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250200 | JFE Holdings, Inc. (JPY) (c) (e) | 2929158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140400 | Kajima Corp. (JPY) (c) | 5356074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185200 | Kandenko Co., Ltd. (JPY) (c) | 7033824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357700 | &nbsp;&nbsp;&nbsp; Kansai Electric Power (The) Co., <br> Inc. (JPY) (c) (e) | 5947147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359400 | &nbsp;&nbsp;&nbsp; Kawasaki Kisen Kaisha Ltd. <br> (JPY) (c) (e) | 6070490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331600 | &nbsp;&nbsp;&nbsp; Keisei Electric Railway Co., Ltd. <br> (JPY) (c) | 2481018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89800 | Kinden Corp. (JPY) (c) | 4039966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433600 | Kobe Steel Ltd. (JPY) (c) | 5262233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203100 | &nbsp;&nbsp;&nbsp; Koito Manufacturing Co., Ltd. <br> (JPY) (c) (e) | 3208408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57200 | Komatsu Ltd. (JPY) (c) | 2277737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80400 | Kubota Corp. (JPY) (c) | 1288425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48200 | &nbsp;&nbsp;&nbsp; Kyoto Financial Group, Inc. <br> (JPY) (c) | 1269999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307200 | &nbsp;&nbsp;&nbsp; Kyushu Electric Power Co., Inc. <br> (JPY) (c) | 3560930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63500 | M3, Inc. (JPY) (c) (e) | 651787 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204800 | Marubeni Corp. (JPY) (c) | $7491982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140100 | Mazda Motor Corp. (JPY) (c) (e) | 958255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320200 | &nbsp;&nbsp;&nbsp; Mebuki Financial Group, Inc. <br> (JPY) (c) | 2497188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79100 | &nbsp;&nbsp;&nbsp; Mitsubishi Electric Corp. <br> (JPY) (c) | 2587131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123900 | &nbsp;&nbsp;&nbsp; Mitsubishi HC Capital, Inc. <br> (JPY) (c) (e) | 1111763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168600 | &nbsp;&nbsp;&nbsp; Mitsui OSK Lines Ltd. <br> (JPY) (c) (e) | 7007151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244400 | NGK Insulators Ltd. (JPY) (c) | 6298833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp; NIPPON EXPRESS <br> HOLDINGS, Inc. (JPY) (c) | 4068163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38400 | &nbsp;&nbsp;&nbsp; Nippon Television Holdings, <br> Inc. (JPY) (c) (e) | 773963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | Nippon Yusen KK (JPY) (c) (e) | 5510216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52600 | Niterra Co., Ltd. (JPY) (c) | 2480173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | Obayashi Corp. (JPY) (c) | 1453228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749100 | Oji Holdings Corp. (JPY) (c) (e) | 4052668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78700 | &nbsp;&nbsp;&nbsp; Open House Group Co., Ltd. <br> (JPY) (c) | 5044020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141300 | Osaka Gas Co., Ltd. (JPY) (c) | 5723289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77000 | &nbsp;&nbsp;&nbsp; Otsuka Holdings Co., Ltd. <br> (JPY) (c) | 5464757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376400 | &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. <br> (JPY) (c) | 6312740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34400 | Rakuten Bank Ltd. (JPY) (c) (d) | 1257654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58400 | &nbsp;&nbsp;&nbsp; Resonac Holdings Corp. <br> (JPY) (c) | 3800893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347900 | Ricoh Co., Ltd. (JPY) (c) (e) | 2940973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234300 | SBI Holdings, Inc. (JPY) (c) | 4338382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp; SCREEN Holdings Co., Ltd. <br> (JPY) (c) | 2680946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55500 | &nbsp;&nbsp;&nbsp; Seibu Holdings, Inc. <br> (JPY) (c) (e) | 1550602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158400 | Seiko Epson Corp. (JPY) (c) (e) | 1958332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291400 | Shimizu Corp. (JPY) (c) | 5228042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56900 | Shionogi & Co., Ltd. (JPY) (c) | 1258682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97300 | SoftBank Group Corp. (JPY) (c) | 2369231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116100 | Sojitz Corp. (JPY) (c) | 4597200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | Subaru Corp. (JPY) (c) (e) | 4027848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83300 | &nbsp;&nbsp;&nbsp; Sugi Holdings Co., Ltd. <br> (JPY) (c) | 1834276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141300 | Sumitomo Corp. (JPY) (c) | 5287314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143700 | &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries <br> Ltd. (JPY) (c) | 8165047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp; Sumitomo Forestry Co., Ltd. <br> (JPY) (c) | 1564969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30500 | &nbsp;&nbsp;&nbsp; Sumitomo Metal Mining Co., <br> Ltd. (JPY) (c) | 1775198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442700 | &nbsp;&nbsp;&nbsp; Sumitomo Pharma Co., Ltd. <br> (JPY) (c) (d) | 6039502 |

---

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31300 | &nbsp;&nbsp;&nbsp; Suntory Beverage & Food Ltd. <br> (JPY) (c) | $883915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280700 | Suzuki Motor Corp. (JPY) (c) | 3421375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | Taisei Corp. (JPY) (c) | 7770131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79600 | Tokyo Century Corp. (JPY) (c) | 1030379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218200 | &nbsp;&nbsp;&nbsp; Tokyo Electric Power Co. <br> Holdings, Inc. (JPY) (c) (d) | 899114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84400 | Tokyo Gas Co., Ltd. (JPY) (c) | 3974908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123700 | &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. <br> (JPY) (c) | 1055787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119800 | &nbsp;&nbsp;&nbsp; TOPPAN Holdings, Inc. <br> (JPY) (c) | 3159687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138400 | Tosoh Corp. (JPY) (c) (e) | 2057300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105500 | Toyota Motor Corp. (JPY) (c) | 2193065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147700 | Toyota Tsusho Corp. (JPY) (c) | 5724376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46700 | &nbsp;&nbsp;&nbsp; West Japan Railway Co. <br> (JPY) (c) (e) | 924684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256100 | &nbsp;&nbsp;&nbsp; Yamato Holdings Co., Ltd. <br> (JPY) (c) (e) | 2855934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138100 | &nbsp;&nbsp;&nbsp; Yokohama Rubber (The) Co., <br> Ltd. (JPY) (c) | 5298666 |
|  |  | 307099738 |
|  | **Luxembourg — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86030 | ArcelorMittal S.A. (EUR) (c) | 4461666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534943 | Aroundtown S.A. (EUR) (c) (d) | 1424150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287369 | Tenaris S.A. (EUR) (c) | 8400501 |
|  |  | 14286317 |
|  | **Netherlands — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89840 | &nbsp;&nbsp;&nbsp; Koninklijke Vopak N.V. <br> (EUR) (c) | 4862627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87523 | &nbsp;&nbsp;&nbsp; Technip Energies N.V. <br> (EUR) (c) | 3698526 |
|  |  | 8561153 |
|  | **Norway — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168205 | Equinor ASA (NOK) (c) | 7166271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302819 | Norsk Hydro ASA (NOK) (c) | 3227565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196455 | Orkla ASA (NOK) (c) | 2472314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84579 | &nbsp;&nbsp;&nbsp; Yara International ASA <br> (NOK) (c) | 4944017 |
|  |  | 17810167 |
|  | **Singapore — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343969 | &nbsp;&nbsp;&nbsp; BOC Aviation Ltd. <br> (HKD) (c) (f) (g) | 3432709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1116000 | Seatrium Ltd. (SGD) (c) | 2068660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1018900 | &nbsp;&nbsp;&nbsp; Singapore Airlines Ltd. <br> (SGD) (c) | 5254154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508000 | UOL Group Ltd. (SGD) (c) | 3857229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928000 | &nbsp;&nbsp;&nbsp; Wilmar International Ltd. <br> (SGD) (c) | 2788060 |
|  |  | 17400812 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea — 15.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23134 | APR Corp. (KRW) (c) | $5278470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29371 | Coway Co., Ltd. (KRW) (c) | 1422776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31289 | &nbsp;&nbsp;&nbsp; DB Insurance Co., Ltd. <br> (KRW) (c) | 3509503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6532 | &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co., Ltd. <br> (KRW) (c) | 5569880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65508 | &nbsp;&nbsp;&nbsp; Hanwha Ocean Co., Ltd. <br> (KRW) (c) (d) | 5392421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46520 | &nbsp;&nbsp;&nbsp; HD Hyundai Co., Ltd. <br> (KRW) (c) | 7801872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17592 | &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & <br> Offshore Engineering Co., <br> Ltd. (KRW) (c) | 4077251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358919 | HMM Co., Ltd. (KRW) (c) | 4702709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5371 | &nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. <br> (KRW) (c) | 9069318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43718 | &nbsp;&nbsp;&nbsp; Hyundai Glovis Co., Ltd. <br> (KRW) (c) | 6209301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24202 | &nbsp;&nbsp;&nbsp; Hyundai Mobis Co., Ltd. <br> (KRW) (c) | 6244606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33640 | Hyundai Motor Co. (KRW) (c) | 10363152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19818 | &nbsp;&nbsp;&nbsp; Hyundai Rotem Co., Ltd. <br> (KRW) (c) | 2282158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71764 | Kia Corp. (KRW) (c) | 7085332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5877 | &nbsp;&nbsp;&nbsp; KIWOOM Securities Co., Ltd. <br> (KRW) (c) | 1662576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159697 | &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. <br> (KRW) (c) | 4540241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19927 | &nbsp;&nbsp;&nbsp; Korea Investment Holdings Co., <br> Ltd. (KRW) (c) | 2780071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3114 | Korea Zinc Co., Ltd. (KRW) (c) | 3038118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316322 | &nbsp;&nbsp;&nbsp; Korean Air Lines Co., Ltd. <br> (KRW) (c) | 5102554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499398 | &nbsp;&nbsp;&nbsp; LG Display Co., Ltd. <br> (KRW) (c) (d) | 3666939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38244 | LG Electronics, Inc. (KRW) (c) | 2772687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375052 | LG Uplus Corp. (KRW) (c) | 3900412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135813 | &nbsp;&nbsp;&nbsp; Mirae Asset Securities Co., Ltd. <br> (KRW) (c) | 5755795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19296 | Peptron, Inc. (KRW) (c) (d) | 3889702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5247 | &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. <br> (KRW) (c) | 1181430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22409 | &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co., <br> Ltd. (KRW) (c) | 6420385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51667 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) (c) | 6043044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262879 | &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co., <br> Ltd. (KRW) (c) (d) | 4405087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36938 | &nbsp;&nbsp;&nbsp; Samsung Life Insurance Co., <br> Ltd. (KRW) (c) | 5326010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8804 | &nbsp;&nbsp;&nbsp; Samsung SDS Co., Ltd. <br> (KRW) (c) | 892005 |

---

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1916 | &nbsp;&nbsp;&nbsp; Samyang Foods Co., Ltd. <br> (KRW) (c) | $1553269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20410 | &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co., <br> Ltd. (KRW) (c) | 1216464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16396 | SK hynix, Inc. (KRW) (c) | 9302519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35144 | &nbsp;&nbsp;&nbsp; SK Square Co., Ltd. <br> (KRW) (c) (d) | 11571250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106478 | &nbsp;&nbsp;&nbsp; SK Telecom Co., Ltd. <br> (KRW) (c) | 5509202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111425 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) (c) | 2442644 |
|  |  | 171981153 |
|  | **Spain — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5110 | Acciona S.A. (EUR) (c) | 1343745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64463 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) (c) | 7861646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160287 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) (c) | 3462147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141668 | Grifols S.A. (EUR) (c) | 1482141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22990 | Indra Sistemas S.A. (EUR) (c) | 1284927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789405 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) (c) | 3714942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650154 | Mapfre S.A. (EUR) (c) | 2897422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68270 | &nbsp;&nbsp;&nbsp; Merlin Properties Socimi S.A. <br> (EUR) (c) | 1112284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58189 | Repsol S.A. (EUR) (c) | 1637939 |
|  |  | 24797193 |
|  | **Sweden — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75968 | Boliden AB (SEK) (c) (d) | 3982384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51943 | &nbsp;&nbsp;&nbsp; Industrivarden AB, Class C <br> (SEK) (c) (e) | 2574747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16866 | Saab AB, Class B (SEK) (c) | 1103876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706800 | SSAB AB, Class B (SEK) (c) (e) | 5571775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499758 | &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B <br> (SEK) (c) (d) (e) | 1128923 |
|  |  | 14361705 |
|  | **Switzerland — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12263 | &nbsp;&nbsp;&nbsp; Accelleron Industries AG <br> (CHF) (c) | 1108407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60873 | Holcim AG (CHF) (c) | 5031881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1483 | &nbsp;&nbsp;&nbsp; Swissquote Group Holding S.A. <br> (CHF) (c) | 736664 |
|  |  | 6876952 |
|  | **United Kingdom — 6.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93588 | 3i Group PLC (GBP) (c) | 3050108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771618 | Aberdeen Group PLC (GBP) (c) | 1954740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14636 | &nbsp;&nbsp;&nbsp; Anglogold Ashanti PLC <br> (ZAR) (c) | 1460848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55633 | Antofagasta PLC (GBP) (c) | 2494817 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148605 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) (c) | $3719909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229165 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) (c) | 3557675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401461 | Barclays PLC (GBP) (c) | 2101027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168021 | Beazley PLC (GBP) (c) | 2838929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39871 | &nbsp;&nbsp;&nbsp; Berkeley Group Holdings PLC <br> (GBP) (c) (d) | 1826437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218832 | &nbsp;&nbsp;&nbsp; British Land (The) Co. PLC <br> (GBP) (c) | 1035148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328437 | easyJet PLC (GBP) (c) | 1528148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123409 | &nbsp;&nbsp;&nbsp; Endeavour Mining PLC <br> (GBP) (c) | 7435319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129689 | Fresnillo PLC (GBP) (c) | 5748561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212249 | &nbsp;&nbsp;&nbsp; IG Group Holdings PLC <br> (GBP) (c) | 4041721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1599105 | &nbsp;&nbsp;&nbsp; JD Sports Fashion PLC <br> (GBP) (c) | 1516676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72445 | Pearson PLC (GBP) (c) | 955100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219589 | Prudential PLC (GBP) (c) | 3052952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46993 | Rio Tinto PLC (GBP) (c) | 4359688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64281 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) (c) | 976578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57844 | Shell PLC (GBP) (c) | 2679031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159242 | &nbsp;&nbsp;&nbsp; Standard Chartered PLC <br> (GBP) (c) | 3318559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171038 | Tesco PLC (GBP) (c) | 1074972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2636585 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) (c) | 4965673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317930 | &nbsp;&nbsp;&nbsp; UNITE Group (The) PLC <br> (GBP) (c) | 1926269 |
|  |  | 67618885 |
|  | **United States — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285200 | Coeur Mining, Inc. (CAD) (d) | 5332508 |
|  | **Total Common Stocks** | 1082292062 |
|  | (Cost $888,409,990) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1146828 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (h) | 1146828 |
|  | (Cost $1,146,828) |  |

---

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

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 7.5%** | **REPURCHASE AGREEMENTS — 7.5%** | **REPURCHASE AGREEMENTS — 7.5%** |
| $81227572 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 3.66% (h), dated 03/31/26, <br> due 04/01/26, with a maturity <br> value of $81,235,830. <br> Collateralized by <br> U.S. Treasury Note, interest <br> rate of 4.25%, due 03/31/33. <br> The value of the collateral <br> including accrued interest is <br> $82,852,127. (i) | $81227572 |
|  | (Cost $81,227,572) |  |
|  | **Total Investments — 106.9%** | 1164666462 |
|  | (Cost $970,784,390) |  |
|  | **Net Other Assets and** <br> **Liabilities — (6.9)%** | (75066677)<br>|
|  | **Net Assets — 100.0%** | $1089599785 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $945,115,329 or 86.7% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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 $77,282,710 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $81,227,572.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| ILS | – Israeli Shekel |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| NOK | – Norwegian Krone |
| SEK | – Swedish Krona |
| SGD | – Singapore Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 27.0% |
| Materials | &nbsp;&nbsp; 16.1 |
| Consumer Discretionary | &nbsp;&nbsp; 11.9 |
| Financials | &nbsp;&nbsp; 10.0 |
| Energy | &nbsp;&nbsp;&nbsp; 9.0 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 7.0 |
| Information Technology | &nbsp;&nbsp;&nbsp; 5.2 |
| Utilities | &nbsp;&nbsp;&nbsp; 4.5 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 3.0 |
| All Other | &nbsp;&nbsp;&nbsp; 6.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

------

**First Trust Developed Markets ex-US AlphaDEX**<sup>®</sup> **Fund (FDT)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| JPY | &nbsp;&nbsp; 26.4% |
| EUR | &nbsp;&nbsp; 14.9 |
| KRW | &nbsp;&nbsp; 14.8 |
| CAD | &nbsp;&nbsp; 11.5 |
| USD | &nbsp;&nbsp;&nbsp; 7.1 |
| HKD | &nbsp;&nbsp;&nbsp; 7.0 |
| GBP | &nbsp;&nbsp;&nbsp; 6.0 |
| AUD | &nbsp;&nbsp;&nbsp; 4.1 |
| ILS | &nbsp;&nbsp;&nbsp; 2.1 |
| DKK | &nbsp;&nbsp;&nbsp; 1.5 |
| NOK | &nbsp;&nbsp;&nbsp; 1.5 |
| SEK | &nbsp;&nbsp;&nbsp; 1.2 |
| SGD | &nbsp;&nbsp;&nbsp; 1.2 |
| CHF | &nbsp;&nbsp;&nbsp; 0.6 |
| ZAR | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Belgium | $5545194 | &nbsp;&nbsp; $3291182 | &nbsp;&nbsp; $2254012 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Canada | 128553043 | &nbsp;&nbsp; 128553043 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; United States | 5332508 | &nbsp;&nbsp; 5332508 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 942861317 | &nbsp;&nbsp; — | &nbsp;&nbsp; 942861317 | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 1146828 | &nbsp;&nbsp; 1146828 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 81227572 | &nbsp;&nbsp; — | &nbsp;&nbsp; 81227572 | &nbsp;&nbsp; — |
| Total Investments | $1164666462 | &nbsp;&nbsp; $138323561 | &nbsp;&nbsp; $1026342901 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**First Trust Emerging Markets AlphaDEX**<sup>®</sup> **Fund (FEM)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.6%** | **COMMON STOCKS (a) (b) — 99.6%** | **COMMON STOCKS (a) (b) — 99.6%** |
|  | **Brazil — 12.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134647 | Banco BTG Pactual S.A. (BRL) | $1463224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101365 | &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do <br> Estado de Sao Paulo SABESP <br> (BRL) | 3096614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2913355 | &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 7092369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80949 | Embraer S.A. (BRL) | 1202550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392581 | Eneva S.A. (BRL) (c) | 1859887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1564560 | &nbsp;&nbsp;&nbsp; Gerdau S.A. (Preference Shares) <br> (BRL) | 5738900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310972 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 6237128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1032547 | &nbsp;&nbsp;&nbsp; Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 9701838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851937 | PRIO S.A. (BRL) (c) | 10889649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390596 | Suzano S.A. (BRL) | 3913614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381395 | Telefonica Brasil S.A. (BRL) | 3035786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276489 | TIM S.A. (BRL) | 1465754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887170 | &nbsp;&nbsp;&nbsp; Ultrapar Participacoes S.A. <br> (BRL) | 4918969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338514 | Vale S.A. (BRL) | 5390240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1414936 | Vibra Energia S.A. (BRL) | 8637369 |
|  |  | 74643891 |
|  | **Cayman Islands — 8.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134692 | Akeso, Inc. (HKD) (c) (d) (e) (f) | 2293388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53583 | &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br> (HKD) (f) | 839886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71263 | &nbsp;&nbsp;&nbsp; Baidu, Inc., Class A <br> (HKD) (c) (f) | 996128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2372358 | &nbsp;&nbsp;&nbsp; China Feihe Ltd. <br> (HKD) (d) (e) (f) | 1060398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1796273 | &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. <br> (HKD) (f) | 8114141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147558 | &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. <br> (HKD) (f) | 1201479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1521012 | &nbsp;&nbsp;&nbsp; InnoCare Pharma Ltd., Class H <br> (HKD) (c) (d) (e) (f) | 2647048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197192 | &nbsp;&nbsp;&nbsp; Innovent Biologics, Inc. <br> (HKD) (c) (d) (e) (f) | 2169027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2911502 | &nbsp;&nbsp;&nbsp; J&T Global Express Ltd. <br> (HKD) (c) (f) | 3768692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570876 | &nbsp;&nbsp;&nbsp; JD Health International, Inc. <br> (HKD) (c) (d) (e) (f) | 3484564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2173684 | &nbsp;&nbsp;&nbsp; JD Logistics, Inc. <br> (HKD) (c) (d) (e) (f) | 3837196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112204 | &nbsp;&nbsp;&nbsp; Kuaishou Technology <br> (HKD) (d) (e) (f) | 660918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463148 | &nbsp;&nbsp;&nbsp; Wuxi Biologics Cayman, Inc. <br> (HKD) (c) (d) (e) (f) | 1991765 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Cayman Islands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484960 | &nbsp;&nbsp;&nbsp; WuXi XDC Cayman, Inc. <br> (HKD) (c) (f) | $3678450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584116 | XD, Inc. (HKD) (e) (f) | 4557631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203783 | &nbsp;&nbsp;&nbsp; XPeng, Inc., Class A <br> (HKD) (c) (f) | 1741853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1334640 | &nbsp;&nbsp;&nbsp; XtalPi Holdings Ltd. <br> (HKD) (c) (f) (g) | 1561632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1119755 | &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding <br> Ltd. (TWD) (f) | 7483163 |
|  |  | 52087359 |
|  | **Chile — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666482 | Empresas Copec S.A. (CLP) | 4605062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411562 | Falabella S.A. (CLP) | 2519332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 53685366 | &nbsp;&nbsp;&nbsp; Latam Airlines Group S.A. <br> (CLP) | 1322051 |
|  |  | 8446445 |
|  | **China — 32.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5879887 | &nbsp;&nbsp;&nbsp; Aluminum Corp. of China Ltd., <br> Class H (HKD) (f) | 8602076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1211907 | &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co., Ltd., <br> Class H (HKD) (f) | 3298620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1453245 | &nbsp;&nbsp;&nbsp; Bank of Communications Co., <br> Ltd., Class H (HKD) (f) | 1313447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1338370 | &nbsp;&nbsp;&nbsp; CALB Group Co., Ltd., Class H <br> (HKD) (c) (d) (e) (f) (g) | 5467227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4086846 | &nbsp;&nbsp;&nbsp; China Coal Energy Co., Ltd., <br> Class H (HKD) (f) | 6887822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1268890 | &nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> Class H (HKD) (f) | 1369404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15953432 | &nbsp;&nbsp;&nbsp; China Energy Engineering <br> Corp., Ltd., Class H <br> (HKD) (f) (g) | 2628501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2929412 | &nbsp;&nbsp;&nbsp; China Everbright Bank Co., Ltd., <br> Class H (HKD) (f) | 1139989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1603372 | &nbsp;&nbsp;&nbsp; China Galaxy Securities Co., <br> Ltd., Class H (HKD) (f) | 1634520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548022 | &nbsp;&nbsp;&nbsp; China Merchants Securities Co., <br> Ltd., Class H (HKD) (d) (e) (f) | 925062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6877722 | &nbsp;&nbsp;&nbsp; China National Building <br> Material Co., Ltd., Class H <br> (HKD) (f) | 4219298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4262062 | &nbsp;&nbsp;&nbsp; China Oilfield Services Ltd., <br> Class H (HKD) (f) | 4883464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4686253 | &nbsp;&nbsp;&nbsp; China Petroleum & Chemical <br> Corp., Class H (HKD) (f) | 2693796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4830017 | &nbsp;&nbsp;&nbsp; China Railway Group Ltd., <br> Class H (HKD) (f) | 2508279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 18370859 | &nbsp;&nbsp;&nbsp; China Reinsurance Group Corp., <br> Class H (HKD) (f) | 3473723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3307261 | &nbsp;&nbsp;&nbsp; China Tower Corp., Ltd., <br> Class H (HKD) (d) (e) (f) | 4522067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924662 | &nbsp;&nbsp;&nbsp; CITIC Securities Co., Ltd., <br> Class H (HKD) (f) | 2831465 |

---

------

**First Trust Emerging Markets AlphaDEX**<sup>®</sup> **Fund (FEM)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **China (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1814440 | &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H <br> (HKD) (f) | $3816059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3918879 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings <br> Co., Ltd., Class H (HKD) (f) | 7462611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1342470 | &nbsp;&nbsp;&nbsp; CSC Financial Co., Ltd., Class H <br> (HKD) (d) (e) (f) | 1791189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1714370 | &nbsp;&nbsp;&nbsp; Dongfang Electric Corp., Ltd., <br> Class H (HKD) (f) (g) | 7553343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837828 | &nbsp;&nbsp;&nbsp; Everbright Securities Co., Ltd., <br> Class H (HKD) (d) (e) (f) | 813746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1402720 | &nbsp;&nbsp;&nbsp; GF Securities Co., Ltd., Class H <br> (HKD) (f) | 2605793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3389830 | &nbsp;&nbsp;&nbsp; Goldwind Science & <br> Technology Co., Ltd., Class H <br> (HKD) (f) | 6210571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4530964 | &nbsp;&nbsp;&nbsp; Huadian Power International <br> Corp., Ltd., Class H (HKD) (f) | 2341372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1209832 | &nbsp;&nbsp;&nbsp; Huaxin Building Materials <br> Group Co., Ltd., Class H <br> (HKD) | 2473296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545972 | &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co., <br> Ltd., Class B | 5476386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1555503 | &nbsp;&nbsp;&nbsp; Jiangxi Copper Co., Ltd., <br> Class H (HKD) (f) | 6908353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10507746 | &nbsp;&nbsp;&nbsp; Metallurgical Corp. of China <br> Ltd., Class H (HKD) (f) | 2209067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616846 | &nbsp;&nbsp;&nbsp; New China Life Insurance Co., <br> Ltd., Class H (HKD) (f) | 3672344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2355276 | &nbsp;&nbsp;&nbsp; Orient Securities Co., Ltd., <br> Class H (HKD) (d) (e) (f) | 1637544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5575258 | &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of <br> China (The) Ltd., Class H <br> (HKD) (f) | 3882771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6702615 | &nbsp;&nbsp;&nbsp; PetroChina Co., Ltd., Class H <br> (HKD) (f) | 9195059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273776 | &nbsp;&nbsp;&nbsp; Phancy Group Co., Ltd., Class H <br> (HKD) (c) (f) (g) | 1246261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667420 | &nbsp;&nbsp;&nbsp; Pharmaron Beijing Co., Ltd., <br> Class H (HKD) (d) (e) (f) | 1628053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5265310 | &nbsp;&nbsp;&nbsp; Qingdao Port International Co., <br> Ltd., Class H (HKD) (d) (e) | 4572867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405204 | &nbsp;&nbsp;&nbsp; Remegen Co., Ltd., Class H <br> (HKD) (c) (d) (e) (f) | 5050029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1284854 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (d) (e) (f) | 5419211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196618 | &nbsp;&nbsp;&nbsp; Shanghai Chicmax Cosmetic <br> Co., Ltd., Class H <br> (HKD) (f) (g) | 1330922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9306588 | &nbsp;&nbsp;&nbsp; Shanghai Electric Group Co., <br> Ltd., Class H (HKD) (c) (f) | 4434372 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **China (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623300 | &nbsp;&nbsp;&nbsp; Shanghai Junshi Biosciences <br> Co., Ltd., Class H <br> (HKD) (c) (d) (e) (f) (g) | $1864506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7931958 | &nbsp;&nbsp;&nbsp; Shenwan Hongyuan Group Co., <br> Ltd., Class H (HKD) (d) (e) (f) | 2761990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1035029 | &nbsp;&nbsp;&nbsp; Sinopharm Group Co., Ltd., <br> Class H (HKD) (f) | 2685242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5847408 | &nbsp;&nbsp;&nbsp; Sinotrans Ltd., Class H <br> (HKD) (f) | 3555472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1360327 | &nbsp;&nbsp;&nbsp; Weichai Power Co., Ltd., <br> Class H (HKD) (f) | 4824025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 802578 | &nbsp;&nbsp;&nbsp; Yangtze Optical Fibre & Cable <br> Joint Stock Ltd., Co., Class H <br> (HKD) (d) (e) (f) (g) | 19394299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911012 | &nbsp;&nbsp;&nbsp; Zhaojin Mining Industry Co., <br> Ltd., Class H (HKD) (f) | 3784844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3960998 | &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co., Ltd., <br> Class H (HKD) (f) | 3640738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572255 | &nbsp;&nbsp;&nbsp; Zhejiang Leapmotor Technology <br> Co., Ltd., Class H <br> (HKD) (c) (d) (e) (f) | 3489668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221770 | &nbsp;&nbsp;&nbsp; Zhuzhou CRRC Times Electric <br> Co., Ltd., Class H (HKD) (f) | 1037049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872908 | &nbsp;&nbsp;&nbsp; Zijin Mining Group Co., Ltd., <br> Class H (HKD) (f) | 3926776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267426 | ZTE Corp., Class H (HKD) (f) | 755798 |
|  |  | 201850386 |
|  | **Hong Kong — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633646 | &nbsp;&nbsp;&nbsp; China Nonferrous Mining Corp., <br> Ltd. (HKD) (f) | 950980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413604 | &nbsp;&nbsp;&nbsp; Sinotruk Hong Kong Ltd. <br> (HKD) (f) | 2063568 |
|  |  | 3014548 |
|  | **Hungary — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911933 | &nbsp;&nbsp;&nbsp; Magyar Telekom <br> Telecommunications PLC <br> (HUF) (f) | 5685264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749548 | &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas PLC <br> (HUF) (f) | 8979864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160041 | Richter Gedeon Nyrt (HUF) | 5697719 |
|  |  | 20362847 |
|  | **India — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833301 | Coal India Ltd. (INR) (f) | 3984094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1843271 | GAIL India Ltd. (INR) (f) | 2701636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723104 | Indian Oil Corp. Ltd. (INR) | 1032257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1809066 | &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp., Ltd. <br> (INR) (f) | 5450188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290487 | REC Ltd. (INR) (f) | 946030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597382 | &nbsp;&nbsp;&nbsp; Tata Motors Passenger Vehicles <br> Ltd. (INR) (f) | 1892447 |
|  |  | 16006652 |

---

------

**First Trust Emerging Markets AlphaDEX**<sup>®</sup> **Fund (FEM)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Indonesia — 3.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17600716 | &nbsp;&nbsp;&nbsp; Astra International Tbk PT <br> (IDR) (f) | $6497545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27105178 | &nbsp;&nbsp;&nbsp; Barito Pacific Tbk PT <br> (IDR) (c) (f) | 2177261 |
| &nbsp;&nbsp; 121005164 | &nbsp;&nbsp;&nbsp; Bumi Resources Minerals Tbk <br> PT (IDR) (c) (f) | 5290538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13286872 | &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk <br> PT (IDR) (f) | 2402294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3796268 | &nbsp;&nbsp;&nbsp; United Tractors Tbk PT <br> (IDR) (f) | 6942205 |
|  |  | 23309843 |
|  | **Malaysia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3830700 | Axiata Group Bhd (MYR) (f) | 2100455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386100 | Tenaga Nasional Bhd (MYR) (f) | 1329845 |
|  |  | 3430300 |
|  | **Mexico — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5454723 | &nbsp;&nbsp;&nbsp; Cemex S.A.B. de C.V., <br> Series CPO (MXN) | 6254229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444123 | &nbsp;&nbsp;&nbsp; Grupo Financiero Inbursa S.A.B. <br> de C.V., Class O (MXN) | 1118794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136591 | &nbsp;&nbsp;&nbsp; Industrias Penoles S.A.B. de <br> C.V. (MXN) (c) | 6070957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1548622 | &nbsp;&nbsp;&nbsp; Prologis Property Mexico S.A. <br> de C.V. (MXN) | 6762855 |
|  |  | 20206835 |
|  | **Netherlands — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456612 | NEPI Rockcastle N.V. (ZAR) | 3663960 |
|  | **Philippines — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441140 | Ayala Corp. (PHP) (f) | 3687672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1044130 | &nbsp;&nbsp;&nbsp; Metropolitan Bank & Trust Co. <br> (PHP) | 1091395 |
|  |  | 4779067 |
|  | **Poland — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82951 | &nbsp;&nbsp;&nbsp; KGHM Polska Miedz S.A. <br> (PLN) (c) (f) | 6060396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204621 | ORLEN S.A. (PLN) (f) | 7414293 |
|  |  | 13474689 |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 76383797 | &nbsp;&nbsp;&nbsp; Inter RAO UES PJSC <br> (RUB) (c) (f) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11679 | &nbsp;&nbsp;&nbsp; Magnit PJSC <br> (RUB) (c) (f) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4142443 | &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel <br> Works PJSC <br> (RUB) (c) (f) (h) (i) | 0 |
| &nbsp;&nbsp; 262800255 | &nbsp;&nbsp;&nbsp; RusHydro PJSC <br> (RUB) (c) (f) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403137 | &nbsp;&nbsp;&nbsp; Tatneft PJSC <br> (RUB) (c) (f) (h) (i) | 0 |
|  |  | 0 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Africa — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115498 | Gold Fields Ltd. (ZAR) (f) | $5307373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66866 | &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co., Ltd. <br> (ZAR) (f) | 1021502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98582 | Nedbank Group Ltd. (ZAR) | 1554125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150125 | &nbsp;&nbsp;&nbsp; Northam Platinum Holdings Ltd. <br> (ZAR) (f) | 3063258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1708022 | Sibanye Stillwater Ltd. (ZAR) (f) | 5242725 |
|  |  | 16188983 |
|  | **Taiwan — 18.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177888 | &nbsp;&nbsp;&nbsp; Accton Technology Corp. <br> (TWD) (f) | 8776491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113673 | &nbsp;&nbsp;&nbsp; Asia Vital Components Co., Ltd. <br> (TWD) (f) | 7508046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64192 | Chroma ATE, Inc. (TWD) (f) | 3080217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174157 | Delta Electronics, Inc. (TWD) (f) | 7852804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121400 | &nbsp;&nbsp;&nbsp; Elite Material Co., Ltd. <br> (TWD) (f) | 10361059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3903141 | Eva Airways Corp. (TWD) (f) | 4205412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1038485 | &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan <br> Ltd. (TWD) (f) | 6550718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674607 | &nbsp;&nbsp;&nbsp; Far Eastern New Century Corp. <br> (TWD) (f) | 2225749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341472 | &nbsp;&nbsp;&nbsp; Gold Circuit Electronics Ltd. <br> (TWD) (f) | 9628792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688459 | &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co., <br> Ltd. (TWD) (f) | 4208391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46267 | &nbsp;&nbsp;&nbsp; Jentech Precision Industrial Co., <br> Ltd. (TWD) (f) | 5817552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45218 | &nbsp;&nbsp;&nbsp; King Slide Works Co., Ltd. <br> (TWD) (f) | 4685265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646540 | &nbsp;&nbsp;&nbsp; Lite-On Technology Corp. <br> (TWD) (f) | 2958719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128189 | &nbsp;&nbsp;&nbsp; Quanta Computer, Inc. <br> (TWD) (f) | 1153567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123694 | &nbsp;&nbsp;&nbsp; Tripod Technology Corp. <br> (TWD) (f) | 1351103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1632347 | &nbsp;&nbsp;&nbsp; United Microelectronics Corp. <br> (TWD) (f) | 2926146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501845 | Wan Hai Lines Ltd. (TWD) (f) | 6085263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1323043 | Wistron Corp. (TWD) (f) | 5261230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56084 | Wiwynn Corp. (TWD) (f) | 6034971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1058445 | &nbsp;&nbsp;&nbsp; WT Microelectronics Co., Ltd. <br> (TWD) (f) | 7335812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3507283 | &nbsp;&nbsp;&nbsp; Yang Ming Marine Transport <br> Corp. (TWD) (f) | 5770744 |
|  |  | 113778051 |
|  | **Thailand — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262800 | Bangkok Bank PCL (THB) (f) | 1339560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7087900 | &nbsp;&nbsp;&nbsp; Charoen Pokphand Foods PCL <br> (THB) (f) | 4533877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1710400 | &nbsp;&nbsp;&nbsp; PTT Exploration & Production <br> PCL (THB) (f) | 8240730 |

---

------

**First Trust Emerging Markets AlphaDEX**<sup>®</sup> **Fund (FEM)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Thailand (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3568500 | PTT PCL (THB) | $3787068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342000 | &nbsp;&nbsp;&nbsp; Siam Cement (The) PCL <br> (THB) (f) | 2181925 |
|  |  | 20083160 |
|  | **Turkiye — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707769 | &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi Ve <br> Ticaret A/S (TRY) (f) | 5088941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805134 | &nbsp;&nbsp;&nbsp; Turk Hava Yollari AO <br> (TRY) (f) (g) | 5345695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2073628 | &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S <br> (TRY) (f) | 4957988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989102 | &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi A/S <br> (TRY) (c) (f) (g) | 2238805 |
|  |  | 17631429 |
|  | **Total Common Stocks** | 612958445 |
|  | (Cost $525,422,273) |  |
| **WARRANTS (a) (b) — 0.0%** | **WARRANTS (a) (b) — 0.0%** | **WARRANTS (a) (b) — 0.0%** |
|  | **Malaysia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227020 | &nbsp;&nbsp;&nbsp; YTL Power International Bhd, <br> expiring 06/02/28 (MYR) <br> (c) (f) (h) | 30837 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712170 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.53% (j) | 712170 |
|  | (Cost $712,170) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 3.6%** | **REPURCHASE AGREEMENTS — 3.6%** | **REPURCHASE AGREEMENTS — 3.6%** |
| $22303965 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 3.65% (j), dated 03/31/26, due <br> 04/01/26, with a maturity <br> value of $22,306,226. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 1.38%, due 07/15/26 to <br> 02/15/49. The value of the <br> collateral including accrued <br> interest is $22,750,044. (k) | 22303965 |
|  | (Cost $22,303,965) |  |
|  | **Total Investments — 103.3%** | 636005417 |
|  | (Cost $548,438,408) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.3)%** | (20615099)<br>|
|  | **Net Assets — 100.0%** | $615390318 |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $480,343,038 or 78.1% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 $21,414,260 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $22,303,965.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of March 31, 2026.

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

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

------

**First Trust Emerging Markets AlphaDEX**<sup>®</sup> **Fund (FEM)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| HKD | – Hong Kong Dollar |
| HUF | – Hungarian Forint |
| IDR | – Indonesian Rupiah |
| INR | – Indian Rupee |
| MXN | – Mexican Peso |
| MYR | – Malaysian Ringgit |
| PHP | – Philippine Peso |
| PLN | – Polish Zloty |
| RUB | – Russian Ruble |
| THB | – Thai Baht |
| TRY | – Turkish Lira |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Information Technology | &nbsp;&nbsp; 18.5% |
| Materials | &nbsp;&nbsp; 17.2 |
| Industrials | &nbsp;&nbsp; 17.0 |
| Energy | &nbsp;&nbsp; 15.0 |
| Financials | &nbsp;&nbsp;&nbsp; 7.2 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 5.4 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.9 |
| Communication Services | &nbsp;&nbsp;&nbsp; 4.8 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 3.5 |
| All Other | &nbsp;&nbsp;&nbsp; 6.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| HKD | &nbsp;&nbsp; 38.4% |
| TWD | &nbsp;&nbsp; 19.1 |
| BRL | &nbsp;&nbsp; 11.7 |
| USD | &nbsp;&nbsp;&nbsp; 4.5 |
| IDR | &nbsp;&nbsp;&nbsp; 3.7 |
| HUF | &nbsp;&nbsp;&nbsp; 3.2 |
| MXN | &nbsp;&nbsp;&nbsp; 3.2 |
| THB | &nbsp;&nbsp;&nbsp; 3.2 |
| ZAR | &nbsp;&nbsp;&nbsp; 3.1 |
| TRY | &nbsp;&nbsp;&nbsp; 2.8 |
| INR | &nbsp;&nbsp;&nbsp; 2.5 |
| PLN | &nbsp;&nbsp;&nbsp; 2.1 |
| CLP | &nbsp;&nbsp;&nbsp; 1.3 |
| PHP | &nbsp;&nbsp;&nbsp; 0.7 |
| MYR | &nbsp;&nbsp;&nbsp; 0.5 |
| RUB | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| Amount is less than 0.1%. |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | $74643891 | &nbsp;&nbsp; $74643891 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Chile | 8446445 | &nbsp;&nbsp; 8446445 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; China | 201850386 | &nbsp;&nbsp; 12522549 | &nbsp;&nbsp; 189327837 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Hungary | 20362847 | &nbsp;&nbsp; 5697719 | &nbsp;&nbsp; 14665128 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; India | 16006652 | &nbsp;&nbsp; 1032257 | &nbsp;&nbsp; 14974395 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Mexico | 20206835 | &nbsp;&nbsp; 20206835 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Netherlands | 3663960 | &nbsp;&nbsp; 3663960 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Philippines | 4779067 | &nbsp;&nbsp; 1091395 | &nbsp;&nbsp; 3687672 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Russia | —<br> \*\*<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; South Africa | 16188983 | &nbsp;&nbsp; 1554125 | &nbsp;&nbsp; 14634858 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 246809379 | &nbsp;&nbsp; — | &nbsp;&nbsp; 246809379 | &nbsp;&nbsp; — |
| Warrants\* | 30837 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30837 | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 712170 | &nbsp;&nbsp; 712170 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 22303965 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22303965 | &nbsp;&nbsp; — |
| Total Investments | $636005417 | &nbsp;&nbsp; $129571346 | &nbsp;&nbsp; $506434071 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

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

\* See Portfolio of Investments for country breakout.

\*\* Investments are valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Germany AlphaDEX**<sup>®</sup> **Fund (FGM)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** |
|  | **Air Freight & Logistics —** <br> **3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68697 | DHL Group (EUR) (b) | $3620825 |
|  | **Automobile Components —** <br> **5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23619 | Continental AG (EUR) (b) | 1648784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480023 | Schaeffler AG (EUR) (b) | 4009509 |
|  |  | 5658293 |
|  | **Automobiles — 9.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43087 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) (b) | 3985857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53448 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) (b) | 3285085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31001 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) (b) | 3171185 |
|  |  | 10442127 |
|  | **Banks — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66701 | Commerzbank AG (EUR) (b) | 2433218 |
|  | **Capital Markets — 3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24237 | Deutsche Bank AG (EUR) (b) | 721298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87379 | flatexDEGIRO SE (EUR) (b) | 3013310 |
|  |  | 3734608 |
|  | **Chemicals — 5.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120144 | Evonik Industries AG (EUR) (b) | 2357558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63134 | &nbsp;&nbsp;&nbsp; FUCHS SE (Preference Shares) <br> (EUR) (b) | 2685643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11655 | Symrise AG (EUR) (b) | 995246 |
|  |  | 6038447 |
|  | **Commercial Services &** <br> **Supplies — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37366 | Bilfinger SE (EUR) (b) | 4326638 |
|  | **Construction & Engineering** <br> **— 5.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11910 | HOCHTIEF AG (EUR) (b) | 5417545 |
|  | **Construction Materials —** <br> **1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7199 | &nbsp;&nbsp;&nbsp; Heidelberg Materials AG <br> (EUR) (b) | 1519259 |
|  | **Diversified Telecommunication** <br> **Services — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87049 | &nbsp;&nbsp;&nbsp; Deutsche Telekom AG <br> (EUR) (b) | 3248969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28991 | United Internet AG (EUR) (b) | 938034 |
|  |  | 4187003 |
|  | **Electrical Equipment — 8.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110243 | Nordex SE (EUR) (b) (c) | 5974369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19993 | Siemens Energy AG (EUR) (b) | 3447801 |
|  |  | 9422170 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Health Care Providers &** <br> **Services — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39382 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) (b) | $1784704 |
|  | **Hotels, Restaurants & Leisure** <br> **— 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268012 | TUI AG (EUR) (b) | 2110612 |
|  | **Household Products — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34602 | &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br> (Preference Shares) (EUR) (b) | 2672989 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35464 | RWE AG (EUR) (b) | 2385988 |
|  | **Insurance — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4109 | Allianz SE (EUR) (b) | 1735315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7054 | Talanx AG (EUR) (b) | 875315 |
|  |  | 2610630 |
|  | **Machinery — 4.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21502 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) (b) | 1058889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35279 | KION Group AG (EUR) (b) | 1885040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17725 | Krones AG (EUR) (b) | 2407606 |
|  |  | 5351535 |
|  | **Metals & Mining — 8.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32305 | Aurubis AG (EUR) (b) | 5745691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346172 | thyssenkrupp AG (EUR) (b) | 3050311 |
|  |  | 8796002 |
|  | **Multi-Utilities — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49777 | E.ON SE (EUR) (b) | 1090195 |
|  | **Passenger Airlines — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477395 | &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG <br> (EUR) (b) | 4065412 |
|  | **Pharmaceuticals — 5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86748 | Bayer AG (EUR) (b) | 4014564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13096 | Merck KGaA (EUR) (b) | 1663904 |
|  |  | 5678468 |
|  | **Real Estate Management &** <br> **Development — 10.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1515482 | Aroundtown S.A. (EUR) (b) (c) | 4034586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64468 | LEG Immobilien SE (EUR) (b) | 4211183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130823 | Vonovia SE (EUR) (b) | 3272218 |
|  |  | 11517987 |
|  | **Specialty Retail — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29403 | Auto1 Group SE (EUR) (b) (c) | 523495 |
|  | **Trading Companies &** <br> **Distributors — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32392 | Brenntag SE (EUR) (b) | 2194188 |

---

------

**First Trust Germany AlphaDEX**<sup>®</sup> **Fund (FGM)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Transportation Infrastructure** <br> **— 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11477 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide <br> (EUR) (b) (c) | $999836 |
|  | **Total Common Stocks** | 108582174 |
|  | (Cost $110,101,661) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110937 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (d) | 110937 |
|  | (Cost $110,937) |  |

---

&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%** |
| $11 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 3.66% (d), dated <br> 03/31/26, due 04/01/26, with a <br> maturity value of $11. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 05/07/26 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $11. (e) | 11 |
|  | (Cost $11) |  |
|  | **Total Investments — 100.0%** | 108693122 |
|  | (Cost $110,212,609) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 29603 |
|  | **Net Assets — 100.0%** | $108722725 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $108,582,174 or 99.9% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Rate shown reflects yield as of March 31, 2026.

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

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

Abbreviations throughout the Portfolio of Investments: <br> EUR – Euro <br> USD – United States Dollar

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| Germany | &nbsp;&nbsp; 96.2% |
| Luxembourg | &nbsp;&nbsp;&nbsp; 3.7 |
| United States | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total Investments | 100.0 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 0.0<sup>†</sup><sup>†</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| Portfolio securities are categorized based upon their country <br> of incorporation, which can be different from the country <br> categorization of the Fund's underlying index.<br>|
| <sup>†</sup><sup>†</sup> <br>| Amount is less than 0.1%. |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 99.9% |
| USD | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $108582174 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $108582174 | &nbsp;&nbsp; $— |
| Money Market Funds | 110937 | &nbsp;&nbsp; 110937 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 11 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11 | &nbsp;&nbsp; — |
| Total Investments | $108693122 | &nbsp;&nbsp; $110937 | &nbsp;&nbsp; $108582185 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust United Kingdom AlphaDEX**<sup>®</sup> **Fund (FKU)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.2%** | **COMMON STOCKS (a) — 99.2%** | **COMMON STOCKS (a) — 99.2%** |
|  | **Aerospace & Defense — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59385 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) (b) | $921923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62726 | &nbsp;&nbsp;&nbsp; Melrose Industries PLC <br> (GBP) (b) | 425041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32094 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) (b) | 487583 |
|  |  | 1834547 |
|  | **Banks — 9.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387727 | Barclays PLC (GBP) (b) | 2029150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94329 | HSBC Holdings PLC (GBP) (b) | 1549117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19843 | &nbsp;&nbsp;&nbsp; Lion Finance Group PLC <br> (GBP) (b) | 2462890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751378 | &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC <br> (GBP) (b) | 931278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226497 | NatWest Group PLC (GBP) (b) | 1677867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101283 | &nbsp;&nbsp;&nbsp; Standard Chartered PLC <br> (GBP) (b) | 2110710 |
|  |  | 10761012 |
|  | **Beverages — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19213 | Coca-Cola HBC AG (GBP) (b) | 1082246 |
|  | **Broadline Retail — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8094 | Next PLC (GBP) (b) | 1367464 |
|  | **Capital Markets — 7.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56555 | 3i Group PLC (GBP) (b) | 1843173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718049 | Aberdeen Group PLC (GBP) (b) | 1819033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35937 | ICG PLC (GBP) (b) | 737037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112267 | &nbsp;&nbsp;&nbsp; IG Group Holdings PLC <br> (GBP) (b) | 2137828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90682 | Schroders PLC (GBP) (b) | 698207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53316 | St. James's Place PLC (GBP) (b) | 841248 |
|  |  | 8076526 |
|  | **Chemicals — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13695 | &nbsp;&nbsp;&nbsp; Croda International PLC <br> (GBP) (b) | 514281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51934 | Johnson Matthey PLC (GBP) (b) | 1312047 |
|  |  | 1826328 |
|  | **Commercial Services &** <br> **Supplies — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164951 | Rentokil Initial PLC (GBP) (b) | 1023668 |
|  | **Construction & Engineering** <br> **— 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259548 | Balfour Beatty PLC (GBP) (b) | 2627817 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340686 | J Sainsbury PLC (GBP) (b) | 1533814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83539 | Tesco PLC (GBP) (b) | 525042 |
|  |  | 2058856 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Diversified Consumer Services** <br> **— 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140601 | Pearson PLC (GBP) (b) | $1853654 |
|  | **Diversified REITs — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274203 | &nbsp;&nbsp;&nbsp; British Land (The) Co. PLC <br> (GBP) (b) | 1297072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59337 | &nbsp;&nbsp;&nbsp; Land Securities Group PLC <br> (GBP) (b) | 437681 |
|  |  | 1734753 |
|  | **Diversified Telecommunication** <br> **Services — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601593 | BT Group PLC (GBP) (b) | 1685994 |
|  | **Electric Utilities — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50814 | SSE PLC (GBP) (b) | 1756558 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10432 | Halma PLC (GBP) (b) | 532350 |
|  | **Financial Services — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515471 | M&G PLC (GBP) (b) | 1872403 |
|  | **Food Products — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86760 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) (b) | 2171793 |
|  | **Health Care Equipment &** <br> **Supplies — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29800 | Smith & Nephew PLC (GBP) (b) | 472149 |
|  | **Hotels, Restaurants & Leisure** <br> **— 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48820 | Carnival PLC (GBP) (b) | 1245290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7057 | &nbsp;&nbsp;&nbsp; InterContinental Hotels <br> Group PLC (b) | 930641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43421 | Whitbread PLC (GBP) (b) | 1334982 |
|  |  | 3510913 |
|  | **Household Durables — 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47269 | &nbsp;&nbsp;&nbsp; Berkeley Group Holdings PLC <br> (GBP) (b) (c) | 2165330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81504 | Persimmon PLC (GBP) (b) | 1163495 |
|  |  | 3328825 |
|  | **Industrial REITs — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583675 | &nbsp;&nbsp;&nbsp; LondonMetric Property PLC <br> (GBP) (b) | 1409913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102465 | Segro PLC (GBP) (b) | 878382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1212474 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) (b) | 2283541 |
|  |  | 4571836 |
|  | **Insurance — 8.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11621 | Admiral Group PLC (GBP) (b) | 486054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53927 | Aviva PLC (GBP) (b) | 432782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221801 | Beazley PLC (GBP) (b) | 3747611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77810 | Hiscox Ltd. (GBP) (b) | 1570591 |

---

------

**First Trust United Kingdom AlphaDEX**<sup>®</sup> **Fund (FKU)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Insurance (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128992 | Prudential PLC (GBP) (b) | $1793379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100157 | Standard Life PLC (GBP) (b) | 907068 |
|  |  | 8937485 |
|  | **Leisure Products — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5852 | &nbsp;&nbsp;&nbsp; Games Workshop Group PLC <br> (GBP) (b) | 1383386 |
|  | **Machinery — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29669 | IMI PLC (GBP) (b) | 1009304 |
|  | **Media — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328069 | WPP PLC (GBP) (b) | 1026020 |
|  | **Metals & Mining — 14.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23927 | Anglo American PLC (GBP) (b) | 1027313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22959 | &nbsp;&nbsp;&nbsp; Anglogold Ashanti PLC <br> (ZAR) (b) | 2291584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45023 | Antofagasta PLC (GBP) (b) | 2019020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47660 | &nbsp;&nbsp;&nbsp; Endeavour Mining PLC <br> (GBP) (b) | 2871487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153120 | Evraz PLC (GBP) (b) (c) (d) (e) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55350 | Fresnillo PLC (GBP) (b) | 2453430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363131 | Glencore PLC (GBP) (b) | 2750291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24630 | Rio Tinto PLC (GBP) (b) | 2285002 |
|  |  | 15698127 |
|  | **Multi-Utilities — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217680 | Centrica PLC (GBP) (b) | 616343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32333 | National Grid PLC (GBP) (b) | 545781 |
|  |  | 1162124 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170553 | BP PLC (GBP) (b) | 1334876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67350 | Shell PLC (GBP) (b) | 3119299 |
|  |  | 4454175 |
|  | **Paper & Forest Products —** <br> **1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162553 | Mondi PLC (GBP) (b) | 1837752 |
|  | **Passenger Airlines — 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361415 | easyJet PLC (GBP) (b) | 1681588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356338 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) (b) | 1676927 |
|  |  | 3358515 |
|  | **Pharmaceuticals — 4.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10706 | AstraZeneca PLC (GBP) (b) | 2093438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60687 | GSK PLC (GBP) (b) | 1671642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95246 | &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals PLC <br> (GBP) (b) | 1599727 |
|  |  | 5364807 |
|  | **Professional Services — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7978 | Intertek Group PLC (GBP) (b) | 388199 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Specialty Retail — 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2184922 | &nbsp;&nbsp;&nbsp; JD Sports Fashion PLC <br> (GBP) (b) | $2072295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472116 | Kingfisher PLC (GBP) (b) | 1795133 |
|  |  | 3867428 |
|  | **Tobacco — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8758 | &nbsp;&nbsp;&nbsp; British American Tobacco PLC <br> (GBP) (b) | 508476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11833 | Imperial Brands PLC (GBP) (b) | 479799 |
|  |  | 988275 |
|  | **Trading Companies &** <br> **Distributors — 2.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35557 | Bunzl PLC (GBP) (b) | 1070453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88667 | &nbsp;&nbsp;&nbsp; Howden Joinery Group PLC <br> (GBP) (b) | 939135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14513 | &nbsp;&nbsp;&nbsp; Sunbelt Rentals Holdings, Inc. <br> (GBP) (b) | 925798 |
|  |  | 2935386 |
|  | **Wireless Telecommunication** <br> **Services — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1866288 | Vodafone Group PLC (GBP) (b) | 2815002 |
|  | **Total Common Stocks** | 109375677 |
|  | (Cost $100,506,794) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70104 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (f) | 70104 |
|  | (Cost $70,104) |  |
|  | **Total Investments — 99.3%** | 109445781 |
|  | (Cost $100,576,898) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.7%** | 763802 |
|  | **Net Assets — 100.0%** | $110209583 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $109,375,677 or 99.2% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

------

**First Trust United Kingdom AlphaDEX**<sup>®</sup> **Fund (FKU)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate shown reflects yield as of March 31, 2026.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| GBP | – British Pound Sterling |
| REITs | – Real Estate Investment Trusts |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| United Kingdom | &nbsp;&nbsp; 91.1% |
| Jersey | &nbsp;&nbsp;&nbsp; 3.4 |
| Spain | &nbsp;&nbsp;&nbsp; 1.5 |
| Bermuda | &nbsp;&nbsp;&nbsp; 1.4 |
| Switzerland | &nbsp;&nbsp;&nbsp; 1.0 |
| United States | &nbsp;&nbsp;&nbsp; 0.9 |
| &nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp; 99.3 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 0.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

<sup>†</sup> Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index.

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| GBP | &nbsp;&nbsp; 97.0% |
| ZAR | &nbsp;&nbsp;&nbsp; 2.1 |
| USD | &nbsp;&nbsp;&nbsp; 0.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Metals & Mining | $15698127 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $15698127 | &nbsp;&nbsp; $—<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Industry <br> Categories\*<br>| 93677550 | &nbsp;&nbsp; — | &nbsp;&nbsp; 93677550 | &nbsp;&nbsp; — |
| Money Market Funds | 70104 | &nbsp;&nbsp; 70104 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $109445781 | &nbsp;&nbsp; $70104 | &nbsp;&nbsp; $109375677 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

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

\* See Portfolio of Investments for industry breakout.

\*\* Investment is valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust India NIFTY 50 Equal Weight ETF (NFTY)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 101.3%** | **COMMON STOCKS (a) — 101.3%** | **COMMON STOCKS (a) — 101.3%** |
|  | **Aerospace & Defense — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667795 | Bharat Electronics Ltd. (INR) (b) | $2857662 |
|  | **Automobiles — 10.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31104 | Bajaj Auto Ltd. (INR) (b) | 2906031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40281 | Eicher Motors Ltd. (INR) (b) | 2820417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91303 | &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. <br> (INR) (b) | 2863862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22205 | &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. <br> (INR) (b) | 2912406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889356 | &nbsp;&nbsp;&nbsp; Tata Motors Passenger Vehicles <br> Ltd. (INR) (b) | 2817392 |
|  |  | 14320108 |
|  | **Banks — 9.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232051 | Axis Bank Ltd. (INR) (b) | 2874003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361835 | HDFC Bank Ltd. (INR) (b) | 2834270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221202 | ICICI Bank Ltd. (INR) (b) | 2839626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754443 | &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. <br> (INR) (b) | 2839983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268498 | State Bank of India (INR) (b) | 2800211 |
|  |  | 14188093 |
|  | **Chemicals — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124822 | Asian Paints Ltd. (INR) (b) | 2878480 |
|  | **Construction & Engineering** <br> **— 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78699 | Larsen & Toubro Ltd. (INR) (b) | 2925852 |
|  | **Construction Materials —** <br> **4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108562 | Grasim Industries Ltd. (INR) (b) | 2946068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25712 | UltraTech Cement Ltd. (INR) (b) | 2936798 |
|  |  | 5882866 |
|  | **Consumer Finance — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325992 | Bajaj Finance Ltd. (INR) (b) | 2789410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306294 | Shriram Finance Ltd. (INR) (b) | 2849706 |
|  |  | 5639116 |
|  | **Electric Utilities — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925644 | &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. <br> (INR) (b) | 2914197 |
|  | **Financial Services — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162384 | Bajaj Finserv Ltd. (INR) (b) | 2820614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1189375 | &nbsp;&nbsp;&nbsp; Jio Financial Services Ltd. <br> (INR) (b) | 2840859 |
|  |  | 5661473 |
|  | **Food Products — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233914 | Nestle India Ltd. (INR) (b) | 2906843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262812 | &nbsp;&nbsp;&nbsp; Tata Consumer Products Ltd. <br> (INR) (b) | 2826451 |
|  |  | 5733294 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Health Care Providers &** <br> **Services — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37335 | &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. <br> (INR) (b) | $2949538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285563 | &nbsp;&nbsp;&nbsp; Max Healthcare Institute Ltd. <br> (INR) (b) | 2930113 |
|  |  | 5879651 |
|  | **Hotels, Restaurants & Leisure** <br> **— 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1163182 | Eternal Ltd. (INR) (b) (c) | 2861692 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736966 | NTPC Ltd. (INR) (b) | 2902606 |
|  | **Insurance — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458984 | &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co., Ltd. <br> (INR) (b) (d) (e) | 2884427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150745 | &nbsp;&nbsp;&nbsp; SBI Life Insurance Co., Ltd. <br> (INR) (b) (d) (e) | 2851504 |
|  |  | 5735931 |
|  | **IT Services — 10.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201535 | &nbsp;&nbsp;&nbsp; HCL Technologies Ltd. <br> (INR) (b) | 2900635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216512 | Infosys Ltd. (INR) (b) | 2920280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115377 | &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. <br> (INR) (b) | 2905269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193179 | Tech Mahindra Ltd. (INR) (b) | 2869550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1466395 | Wipro Ltd. (INR) (b) | 2952312 |
|  |  | 14548046 |
|  | **Metals & Mining — 6.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323837 | &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. <br> (INR) (b) | 3062354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244128 | JSW Steel Ltd. (INR) (b) | 2926872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1450639 | Tata Steel Ltd. (INR) (b) | 2976369 |
|  |  | 8965595 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 6.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626029 | Coal India Ltd. (INR) (b) | 2993106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1032522 | &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp., Ltd. <br> (INR) (b) | 3110688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196039 | &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. <br> (INR) (b) | 2819348 |
|  |  | 8923142 |
|  | **Passenger Airlines — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66678 | &nbsp;&nbsp;&nbsp; InterGlobe Aviation Ltd. <br> (INR) (b) (d) (e) | 2814516 |
|  | **Personal Care Products —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132742 | &nbsp;&nbsp;&nbsp; Hindustan Unilever Ltd. <br> (INR) (b) | 2893022 |

---

------

**First Trust India NIFTY 50 Equal Weight ETF (NFTY)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Pharmaceuticals — 6.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226970 | Cipla Ltd. (INR) (b) | $2957512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219726 | &nbsp;&nbsp;&nbsp; Dr. Reddy's Laboratories Ltd. <br> (INR) (b) | 2944944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157855 | &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries <br> Ltd. (INR) (b) | 2952396 |
|  |  | 8854852 |
|  | **Specialty Retail — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82234 | Trent Ltd. (INR) (b) | 2896069 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70975 | Titan Co., Ltd. (INR) (b) | 2981142 |
|  | **Tobacco — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950275 | ITC Ltd. (INR) (b) | 2903776 |
|  | **Trading Companies &** <br> **Distributors — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152246 | Adani Enterprises Ltd. (INR) (b) | 2838780 |
|  | **Transportation Infrastructure** <br> **— 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205898 | &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic <br> Zone Ltd. (INR) (b) | 2880128 |
|  | **Wireless Telecommunication** <br> **Services — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153581 | Bharti Airtel Ltd. (INR) (b) | 2918560 |
|  | **Total Investments — 101.3%** | 144798649 |
|  | (Cost $127,910,453) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.3)%** | (1829593)<br>|
|  | **Net Assets — 100.0%** | $142969056 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $144,798,649 or 101.3% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

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

Abbreviations throughout the Portfolio of Investments: <br> INR – Indian Rupee

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| India | 101.3% |
| &nbsp;&nbsp;&nbsp; Total Investments | 101.3 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp; (1.3) |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

<sup>†</sup> Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index.

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| INR | 100.0% |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $144798649 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $144798649 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Switzerland AlphaDEX**<sup>®</sup> **Fund (FSZ)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 94.9%** | **COMMON STOCKS (a) — 94.9%** | **COMMON STOCKS (a) — 94.9%** |
|  | **Banks — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5425 | &nbsp;&nbsp;&nbsp; Luzerner Kantonalbank AG <br> (CHF) (b) | $720632 |
|  | **Capital Markets — 10.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52767 | EFG International AG (CHF) (b) | 1120113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8059 | &nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. <br> (CHF) (b) | 592772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516 | &nbsp;&nbsp;&nbsp; Swissquote Group Holding S.A. <br> (CHF) (b) | 256317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27211 | UBS Group AG (CHF) (b) | 1061049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11731 | Vontobel Holding AG (CHF) (b) | 1015802 |
|  |  | 4046053 |
|  | **Chemicals — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458 | &nbsp;&nbsp;&nbsp; EMS-Chemie Holding AG <br> (CHF) (b) | 360121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1546 | Sika AG (CHF) (b) | 255891 |
|  |  | 616012 |
|  | **Construction Materials —** <br> **5.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17312 | Amrize Ltd. (CHF) (b) (c) | 959550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16167 | Holcim AG (CHF) (b) | 1336396 |
|  |  | 2295946 |
|  | **Containers & Packaging —** <br> **3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88689 | SIG Group AG (CHF) (b) | 1329478 |
|  | **Diversified Telecommunication** <br> **Services — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1748 | Swisscom AG (CHF) (b) | 1466858 |
|  | **Electric Utilities — 3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5972 | BKW AG (CHF) (b) | 1177438 |
|  | **Food Products — 7.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963 | Barry Callebaut AG (CHF) (b) | 1693528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1026 | Emmi AG (CHF) (b) | 1096889 |
|  |  | 2790417 |
|  | **Health Care Equipment &** <br> **Supplies — 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3973 | Alcon AG (CHF) (b) | 300320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2428 | Sonova Holding AG (CHF) (b) | 553617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1533 | Ypsomed Holding AG (CHF) (b) | 537418 |
|  |  | 1391355 |
|  | **Health Care Providers &** <br> **Services — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12868 | Galenica AG (CHF) (b) (d) (e) | 1464996 |
|  | **Insurance — 5.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404 | &nbsp;&nbsp;&nbsp; Helvetia Baloise Holding AG <br> (CHF) (b) | 622180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548 | &nbsp;&nbsp;&nbsp; Swiss Life Holding AG <br> (CHF) (b) | 596889 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Insurance (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3785 | Swiss Re AG (CHF) (b) | $635794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) (b) | 295450 |
|  |  | 2150313 |
|  | **Machinery — 11.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3412 | Bucher Industries AG (CHF) (b) | 1503924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11576 | SFS Group AG (CHF) (b) | 1732515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1955 | &nbsp;&nbsp;&nbsp; VAT Group AG <br> (CHF) (b) (d) (e) | 1219611 |
|  |  | 4456050 |
|  | **Marine Transportation —** <br> **1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2936 | &nbsp;&nbsp;&nbsp; Kuehne + Nagel International <br> AG (CHF) (b) | 672359 |
|  | **Pharmaceuticals — 13.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7755 | Galderma Group AG (CHF) (b) | 1524120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6882 | Novartis AG (CHF) (b) | 1056349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3064 | Roche Holding AG (CHF) (b) | 1222814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21735 | Sandoz Group AG (CHF) (b) | 1702956 |
|  |  | 5506239 |
|  | **Professional Services — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54376 | Adecco Group AG (CHF) (b) | 1307862 |
|  | **Real Estate Management &** <br> **Development — 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7009 | &nbsp;&nbsp;&nbsp; PSP Swiss Property AG <br> (CHF) (b) | 1391638 |
|  | **Software — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3159 | Temenos AG (CHF) (b) | 276875 |
|  | **Specialty Retail — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21335 | Avolta AG (CHF) (b) | 1279169 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3084 | &nbsp;&nbsp;&nbsp; Logitech International S.A. <br> (CHF) (b) | 286394 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4384 | &nbsp;&nbsp;&nbsp; Cie Financiere Richemont S.A., <br> Class A (CHF) (b) | 774066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1494 | &nbsp;&nbsp;&nbsp; Swatch Group (The) AG <br> (CHF) (b) | 329818 |
|  |  | 1103884 |
|  | **Trading Companies &** <br> **Distributors — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13141 | DKSH Holding AG (CHF) (b) | 967005 |
|  | **Transportation Infrastructure** <br> **— 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2996 | Flughafen Zurich AG (CHF) (b) | 938156 |
|  | **Total Common Stocks** | 37635129 |
|  | (Cost $35,431,539) |  |

---

------

**First Trust Switzerland AlphaDEX**<sup>®</sup> **Fund (FSZ)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52399 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (f) | $52399 |
|  | (Cost $52,399) |  |
|  | **Total Investments — 95.1%** | 37687528 |
|  | (Cost $35,483,938) |  |
|  | **Net Other Assets and** <br> **Liabilities — 4.9%** | 1962439 |
|  | **Net Assets — 100.0%** | $39649967 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $37,635,129 or 94.9% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate shown reflects yield as of March 31, 2026.

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

Abbreviations throughout the Portfolio of Investments: <br> CHF – Swiss Franc <br> USD – United States Dollar

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| Switzerland | &nbsp;&nbsp; 94.9% |
| United States | &nbsp;&nbsp;&nbsp; 0.2 |
| &nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp; 95.1 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 4.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

<sup>†</sup> Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index.

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| CHF | &nbsp;&nbsp; 99.9% |
| USD | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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\* | $37635129 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $37635129 | &nbsp;&nbsp; $— |
| Money Market Funds | 52399 | &nbsp;&nbsp; 52399 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $37687528 | &nbsp;&nbsp; $52399 | &nbsp;&nbsp; $37635129 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** |
|  | **Australia — 5.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49221 | &nbsp;&nbsp;&nbsp; Alkane Resources Ltd. <br> (AUD) (c) (d) | $49839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9750 | &nbsp;&nbsp;&nbsp; Aussie Broadband Ltd. <br> (AUD) (d) | 32575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1826 | Austal Ltd. (AUD) (c) (d) | 6126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2137 | Capricorn Metals Ltd. (AUD) (d) | 16899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958 | Codan Ltd. (AUD) (d) | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12094 | &nbsp;&nbsp;&nbsp; DroneShield Ltd. <br> (AUD) (c) (d) (e) | 33227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46585 | &nbsp;&nbsp;&nbsp; Firefinch Ltd. <br> (AUD) (c) (d) (f) (g) (h) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7176 | &nbsp;&nbsp;&nbsp; Genesis Minerals Ltd. <br> (AUD) (c) (d) | 30197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2445 | Helia Group Ltd. (AUD) (d) | 8967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13334 | HMC Capital Ltd. (AUD) (d) (g) | 21942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42695 | Karoon Energy Ltd. (AUD) (d) | 59698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5757 | Kelsian Group Ltd. (AUD) (d) | 15585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6047 | MA Financial Group Ltd. (AUD) | 29330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628 | &nbsp;&nbsp;&nbsp; Monadelphous Group Ltd. <br> (AUD) (d) | 12029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14377 | &nbsp;&nbsp;&nbsp; New Hope Corp., Ltd. <br> (AUD) (d) (g) | 58732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12172 | NRW Holdings Ltd. (AUD) (d) | 45096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25070 | Perenti Ltd. (AUD) (d) | 34333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5769 | Perseus Mining Ltd. (AUD) (d) | 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9377 | Regis Resources Ltd. (AUD) (d) | 44445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68395 | &nbsp;&nbsp;&nbsp; Resolute Mining Ltd. <br> (AUD) (c) (d) | 67631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4157 | Superloop Ltd. (AUD) (c) (d) | 9427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54983 | &nbsp;&nbsp;&nbsp; Tabcorp Holdings Ltd. <br> (AUD) (d) | 36354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13137 | Vault Minerals Ltd. (AUD) (d) | 39199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6414 | Whitehaven Coal Ltd. (AUD) (d) | 41386 |
|  |  | 735238 |
|  | **Austria — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356 | &nbsp;&nbsp;&nbsp; AT&S Austria Technologie & <br> Systemtechnik AG <br> (EUR) (c) (d) | 21686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 | DO & CO AG (EUR) (d) | 19967 |
|  |  | 41653 |
|  | **Belgium — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205 | Bekaert S.A. (EUR) (d) | 9653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 | Deme Group N.V. (EUR) (d) | 13912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699 | Gimv N.V. (EUR) (d) | 36858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5341 | Proximus SADP (EUR) | 43214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1055 | Umicore S.A. (EUR) (d) | 20127 |
|  |  | 123764 |
|  | **Bermuda — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88000 | &nbsp;&nbsp;&nbsp; Brilliance China Automotive <br> Holdings Ltd. (HKD) (d) | 31476 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Bermuda (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51333 | &nbsp;&nbsp;&nbsp; China Oriental Group Co., Ltd. <br> (HKD) (d) | $8336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66666 | &nbsp;&nbsp;&nbsp; Damai Entertainment Holdings <br> Ltd. (HKD) (c) (d) (g) | 5446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10667 | First Pacific Co., Ltd. (HKD) (d) | 7472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50666 | &nbsp;&nbsp;&nbsp; Man Wah Holdings Ltd. <br> (HKD) (d) | 27920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53333 | &nbsp;&nbsp;&nbsp; Nine Dragons Paper Holdings <br> Ltd. (HKD) (c) (d) | 45207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29333 | &nbsp;&nbsp;&nbsp; Pacific Basin Shipping Ltd. <br> (HKD) (d) | 10750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38333 | &nbsp;&nbsp;&nbsp; PAX Global Technology Ltd. <br> (HKD) | 21021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18667 | &nbsp;&nbsp;&nbsp; Shenzhen International Holdings <br> Ltd. (HKD) (d) | 17024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207999 | &nbsp;&nbsp;&nbsp; Sinofert Holdings Ltd. <br> (HKD) (d) | 40690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78000 | &nbsp;&nbsp;&nbsp; Skyworth Group Ltd. <br> (HKD) (c) (d) | 61613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1356 | Stolt-Nielsen Ltd. (NOK) (d) | 46981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924 | Teekay Tankers Ltd., Class A | 67748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410665 | &nbsp;&nbsp;&nbsp; United Energy Group Ltd. <br> (HKD) (d) | 28388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27167 | &nbsp;&nbsp;&nbsp; Yue Yuen Industrial Holdings <br> Ltd. (HKD) (d) | 52997 |
|  |  | 473069 |
|  | **Canada — 7.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1636 | Aecon Group, Inc. (CAD) | 49170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3810 | Aris Mining Corp. (CAD) (c) | 70744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3902 | Athabasca Oil Corp. (CAD) (c) | 31556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212 | &nbsp;&nbsp;&nbsp; Badger Infrastructure Solutions <br> Ltd. (CAD) | 9455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19927 | Baytex Energy Corp. (CAD) | 89099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767 | &nbsp;&nbsp;&nbsp; CES Energy Solutions Corp. <br> (CAD) | 36619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406 | &nbsp;&nbsp;&nbsp; Cogeco Communications, Inc. <br> (CAD) | 20605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6806 | Denison Mines Corp. (CAD) (c) | 24120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 868 | Enerflex Ltd. (CAD) | 18157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1046 | Fortuna Mining Corp. (CAD) (c) | 10399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9654 | &nbsp;&nbsp;&nbsp; GoGold Resources, Inc. <br> (CAD) (c) | 18460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9676 | Gold Royalty Corp. (c) | 34640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3615 | &nbsp;&nbsp;&nbsp; Killam Apartment Real Estate <br> Investment Trust (CAD) (g) | 41449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2891 | &nbsp;&nbsp;&nbsp; Paramount Resources Ltd., <br> Class A (CAD) | 61744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3571 | Parex Resources, Inc. (CAD) | 70183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719 | &nbsp;&nbsp;&nbsp; Peyto Exploration & <br> Development Corp. (CAD) (g) | 14048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663 | &nbsp;&nbsp;&nbsp; Precision Drilling Corp. <br> (CAD) (c) | 65247 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Canada (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2622 | &nbsp;&nbsp;&nbsp; Secure Waste Infrastructure <br> Corp. (CAD) (g) | $41146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6990 | SNDL, Inc. (c) | 9227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112 | Sprott, Inc. (CAD) | 15983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5505 | Surge Energy, Inc. (CAD) | 37199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4295 | &nbsp;&nbsp;&nbsp; Tamarack Valley Energy Ltd. <br> (CAD) | 35506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18416 | &nbsp;&nbsp;&nbsp; Transcontinental, Inc., Class A <br> (CAD) | 69105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8998 | Valeura Energy, Inc. (CAD) (c) | 95471 |
|  |  | 969332 |
|  | **Cayman Islands — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9333 | &nbsp;&nbsp;&nbsp; Cowell e Holdings, Inc. <br> (HKD) (c) (d) | 31281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20333 | FIH Mobile Ltd. (HKD) (c) (d) | 51855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2667 | &nbsp;&nbsp;&nbsp; HUTCHMED China Ltd. <br> (HKD) (c) (d) (g) | 7767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2667 | &nbsp;&nbsp;&nbsp; Kingboard Holdings Ltd. <br> (HKD) (d) | 11288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25333 | &nbsp;&nbsp;&nbsp; Lee & Man Paper Manufacturing <br> Ltd. (HKD) (d) | 11235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17333 | &nbsp;&nbsp;&nbsp; Mobvista, Inc. <br> (HKD) (c) (d) (e) (i) | 29407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42667 | &nbsp;&nbsp;&nbsp; Nexteer Automotive Group Ltd. <br> (HKD) (d) | 27888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14333 | &nbsp;&nbsp;&nbsp; TCL Electronics Holdings Ltd. <br> (HKD) (d) | 23561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18667 | &nbsp;&nbsp;&nbsp; Time Interconnect Technology <br> Ltd. (HKD) (d) | 37322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37333 | &nbsp;&nbsp;&nbsp; Towngas Smart Energy Co., Ltd. <br> (HKD) (d) | 16142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp; Vobile Group Ltd. <br> (HKD) (c) (d) (e) (g) | 5326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34667 | &nbsp;&nbsp;&nbsp; VSTECS Holdings Ltd. <br> (HKD) (d) | 38231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29333 | Wasion Holdings Ltd. (HKD) (d) | 106488 |
|  |  | 397791 |
|  | **Denmark — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7336 | Cadeler A/S (NOK) (c) (d) | 42776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1285 | D/S Norden A/S (DKK) (d) | 58930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2029 | &nbsp;&nbsp;&nbsp; Scandinavian Tobacco Group <br> A/S (DKK) (e) (i) | 21372 |
|  |  | 123078 |
|  | **France — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1396 | Air France-KLM (EUR) (c) (d) | 14149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6043 | Derichebourg S.A. (EUR) (d) | 57686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8139 | &nbsp;&nbsp;&nbsp; Etablissements Maurel et Prom <br> S.A. (EUR) (d) | 100394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699 | Forvia SE (EUR) (c) (d) | 8001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421 | IPSOS S.A. (EUR) (d) | 16630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345 | LISI S.A. (EUR) (d) | 21094 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167 | Opmobility (EUR) (d) | $20551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251 | Rubis S.C.A. (EUR) (d) | 10171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4883 | SMCP S.A. (EUR) (c) (d) (e) (i) | 29355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376 | Teleperformance SE (EUR) (d) | 22095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3673 | &nbsp;&nbsp;&nbsp; Television Francaise 1 S.A. <br> (EUR) (d) | 29866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1610 | Valneva SE (EUR) (c) (d) (g) | 5386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267 | Vicat SACA (EUR) (d) | 19489 |
|  |  | 354867 |
|  | **Germany — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254 | Bilfinger SE (EUR) (d) | 29411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485 | &nbsp;&nbsp;&nbsp; Friedrich Vorwerk Group SE <br> (EUR) (d) | 40129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17739 | &nbsp;&nbsp;&nbsp; Heidelberger Druckmaschinen <br> AG (EUR) (c) (d) | 28500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp; Hornbach Holding AG & Co. <br> KGaA (EUR) (d) | 15288 |
|  |  | 113328 |
|  | **Greece — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4615 | &nbsp;&nbsp;&nbsp; Aktor SA Holding Company <br> Technical And Energy <br> Projects (EUR) (c) (d) | 52849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3231 | FF Group (EUR) (c) (d) (f) (h) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5228 | &nbsp;&nbsp;&nbsp; Holding Co. ADMIE IPTO S.A. <br> (EUR) (d) | 17059 |
|  |  | 69908 |
|  | **Hong Kong — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6667 | &nbsp;&nbsp;&nbsp; China Tobacco International HK <br> Co., Ltd. (HKD) (d) (e) | 29001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89333 | &nbsp;&nbsp;&nbsp; CITIC Telecom International <br> Holdings Ltd. (HKD) (d) | 30927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34667 | &nbsp;&nbsp;&nbsp; Melco International <br> Development Ltd. <br> (HKD) (c) (d) | 16193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10667 | &nbsp;&nbsp;&nbsp; Shanghai Industrial Holdings <br> Ltd. (HKD) (d) | 19214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58666 | &nbsp;&nbsp;&nbsp; Shoucheng Holdings Ltd. <br> (HKD) (d) | 12686 |
|  |  | 108021 |
|  | **Israel — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2777 | Aryt Industries Ltd. (ILS) (d) | 40030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 909 | &nbsp;&nbsp;&nbsp; Clal Insurance Enterprises <br> Holdings Ltd. (ILS) (d) | 64895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116 | Delek Group Ltd. (ILS) (d) | 39044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp;&nbsp; Enlight Renewable Energy Ltd. <br> (ILS) (c) (d) | 20422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2927 | &nbsp;&nbsp;&nbsp; Gilat Satellite Networks Ltd. <br> (ILS) (c) (d) | 44239 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Israel (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13424 | &nbsp;&nbsp;&nbsp; Migdal Insurance & Financial <br> Holding Ltd. (ILS) (c) (d) | $71203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp; Next Vision Stabilized Systems <br> Ltd. (ILS) (d) | 20039 |
|  |  | 299872 |
|  | **Italy — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743 | Avio S.p.A. (EUR) (d) (e) (g) | 28845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5900 | Ferretti S.p.A. (EUR) (d) | 27582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3560 | Fila S.p.A. (EUR) (d) | 38081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14662 | &nbsp;&nbsp;&nbsp; Safilo Group S.p.A. <br> (EUR) (c) (d) | 29042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535 | Tinexta S.p.A. (EUR) (d) | 9357 |
|  |  | 132907 |
|  | **Japan — 37.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600 | Aichi Steel Corp. (JPY) (d) | 47487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500 | Aiful Corp. (JPY) (d) (f) | 15699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Ain Holdings, Inc. (JPY) (d) | 28677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Aisan Industry Co., Ltd. <br> (JPY) (d) | 8332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Artience Co., Ltd. (JPY) (d) | 21683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Brother Industries Ltd. (JPY) (d) | 20364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Chudenko Corp. (JPY) (d) | 11738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900 | &nbsp;&nbsp;&nbsp; Chugoku Electric Power (The) <br> Co., Inc. (JPY) (d) | 31242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; Chugoku Marine Paints Ltd. <br> (JPY) (d) | 31982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700 | &nbsp;&nbsp;&nbsp; Citizen Watch Co., Ltd. <br> (JPY) (d) | 29239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3100 | Daicel Corp. (JPY) (d) | 24560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300 | Dai-Dan Co., Ltd. (JPY) (d) | 56690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200 | Daido Steel Co., Ltd. (JPY) (d) | 37962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Daihen Corp. (JPY) (d) | 22230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | Daiichikosho Co., Ltd. (JPY) (d) | 17142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | DeNA Co., Ltd. (JPY) (d) (g) | 28057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; Electric Power Development <br> Co., Ltd. (JPY) (d) | 55082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Exedy Corp. (JPY) (d) | 17854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | EXEO Group, Inc. (JPY) (d) | 10313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | FCC Co., Ltd. (JPY) (d) | 27147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; Ferrotec Holdings Corp. <br> (JPY) (d) | 69995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Fuji Oil Co., Ltd. (JPY) (d) | 9161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400 | Furukawa Co., Ltd. (JPY) (d) | 67035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp; Furukawa Electric Co., Ltd. <br> (JPY) (d) | 153584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; Furuno Electric Co., Ltd. <br> (JPY) (d) | 39996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp; Futaba Industrial Co., Ltd. <br> (JPY) (d) | 8695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp; GA Technologies Co., Ltd. <br> (JPY) (d) | 30114 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp; Genky DrugStores Co., Ltd. <br> (JPY) (d) | $20162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | GS Yuasa Corp. (JPY) (d) | 13750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | G-Tekt Corp. (JPY) (d) | 32590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | Hanwa Co., Ltd. (JPY) (d) | 35101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Happinet Corp. (JPY) (d) | 20762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | HI-LEX CORP (JPY) (d) | 27144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100 | Hochiki Corp. (JPY) (d) | 27976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5100 | &nbsp;&nbsp;&nbsp; Hokkaido Electric Power Co., <br> Inc. (JPY) (d) | 34716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | Hokuetsu Corp. (JPY) (d) | 8164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp; Hokuhoku Financial Group, Inc. <br> (JPY) (d) | 53105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8200 | &nbsp;&nbsp;&nbsp; Hokuriku Electric Power Co. <br> (JPY) (d) | 56342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | Iino Kaiun Kaisha Ltd. (JPY) (d) | 39338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Ishihara Sangyo Kaisha Ltd. <br> (JPY) (d) | 21612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Itoham Yonekyu Holdings, Inc. <br> (JPY) (d) (g) | 25410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; J Front Retailing Co., Ltd. <br> (JPY) (d) | 9252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5300 | &nbsp;&nbsp;&nbsp; Japan Petroleum Exploration <br> Co., Ltd. (JPY) (d) | 87295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | JTEKT Corp. (JPY) (d) | 20384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; K&O Energy Group, Inc. <br> (JPY) (d) | 45802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5100 | &nbsp;&nbsp;&nbsp; Kameda Seika Co., Ltd. <br> (JPY) (d) | 46509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400 | Kamei Corp. (JPY) (d) | 50688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | Kanadevia Corp. (JPY) (d) | 8514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Kanamoto Co., Ltd. (JPY) (d) | 11151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Kaneka Corp. (JPY) (d) | 21427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp; Kasumigaseki Capital Co., Ltd. <br> (JPY) (d) | 12154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; Ki-Star Real Estate Co., Ltd. <br> (JPY) (d) | 41995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | Kitz Corp. (JPY) (d) | 18414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Komeri Co., Ltd. (JPY) (d) | 8931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp; Kumagai Gumi Co., Ltd. <br> (JPY) (d) | 21808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | Kurabo Industries Ltd. (JPY) (d) | 10748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Kureha Corp. (JPY) (d) | 17844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | Kurimoto Ltd. (JPY) (d) | 14826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | KYB Corp. (JPY) (d) | 37696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Kyoei Steel Ltd. (JPY) (d) | 26749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | Life Corp. (JPY) (d) | 25786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; Matsuda Sangyo Co., Ltd. <br> (JPY) (d) | 51828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | Matsuya Co., Ltd. (JPY) (d) | 11685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp; Meiko Electronics Co., Ltd. <br> (JPY) (d) | 64411 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp;&nbsp; METAWATER Co., Ltd. <br> (JPY) (d) | $39443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | MIRAIT ONE Corp. (JPY) (d) | 11561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Mitsui E&S Co., Ltd. (JPY) (d) | 32953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp; Mitsui Fudosan Logistics Park, <br> Inc. (JPY) (d) | 37110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Mitsui Kinzoku Co., (JPY) (d) | 113811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp;&nbsp; Miyazaki Bank (The) Ltd. <br> (JPY) (d) | 51845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp; Mizuho Leasing Co., Ltd. <br> (JPY) (d) | 28336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Modec, Inc. (JPY) (d) | 75731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | MTG Co., Ltd. (JPY) (d) | 47007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | Nanto Bank (The) Ltd. (JPY) (d) | 13626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2900 | Nextage Co., Ltd. (JPY) (d) | 58997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | NHK Spring Co., Ltd. (JPY) (d) | 19135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp; Nihon Nohyaku Co., Ltd. <br> (JPY) (d) | 8965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Nippn Corp. (JPY) (d) | 30794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; Nippon Electric Glass Co., Ltd. <br> (JPY) (d) | 23093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; Nippon Kayaku Co., Ltd. <br> (JPY) (d) | 22525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; Nippon Light Metal Holdings <br> Co., Ltd. (JPY) (d) | 23399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; Nippon Paper Industries Co., <br> Ltd. (JPY) (d) | 8959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | Nippon Seiki Co., Ltd. (JPY) (d) | 34342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; Nippon Shinyaku Co., Ltd. <br> (JPY) (d) | 55924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp; Nippon Signal Co., Ltd. <br> (JPY) (d) | 23615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Nishi-Nippon Railroad Co., Ltd. <br> (JPY) (d) | 23050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; Nishio Holdings Co., Ltd. <br> (JPY) (d) | 27718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300 | &nbsp;&nbsp;&nbsp; Nisshin Oillio Group (The) Ltd. <br> (JPY) (d) | 39764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp;&nbsp; Nittetsu Mining Co., Ltd. <br> (JPY) (d) | 56955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | Nojima Corp. (JPY) (d) | 11786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; Nomura Micro Science Co., Ltd. <br> (JPY) (d) | 26041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Noritake Co., Ltd. (JPY) (d) | 23978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp;&nbsp; North Pacific Bank Ltd. <br> (JPY) (d) | 33518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | NPR-RIKEN Corp. (JPY) (d) | 43556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | &nbsp;&nbsp;&nbsp; NS United Kaiun Kaisha Ltd. <br> (JPY) (d) | 66022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4100 | NTN Corp. (JPY) (d) | 8498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | Oita Bank (The) Ltd. (JPY) (d) | 18003 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp; Okinawa Financial Group, Inc. <br> (JPY) (d) | $13558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3900 | &nbsp;&nbsp;&nbsp; Onward Holdings Co., Ltd. <br> (JPY) (d) | 17670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; PAL GROUP Holdings Co., Ltd. <br> (JPY) (d) | 10092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5900 | &nbsp;&nbsp;&nbsp; Penta-Ocean Construction Co., <br> Ltd. (JPY) (d) | 62752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | Rengo Co., Ltd. (JPY) (d) | 24316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Riken Vitamin Co., Ltd. <br> (JPY) (d) | 16448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | Ryobi Ltd. (JPY) (d) | 15625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; Sanken Electric Co., Ltd. <br> (JPY) (c) (d) | 46629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp; Sanki Engineering Co., Ltd. <br> (JPY) (d) | 34756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; Sanyo Chemical Industries Ltd. <br> (JPY) (d) | 54480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Sato Corp. (JPY) (d) | 17151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Seiko Group Corp. (JPY) (d) | 43139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; Shibaura Mechatronics Corp. <br> (JPY) (d) | 29259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200 | &nbsp;&nbsp;&nbsp; Shikoku Electric Power Co., Inc. <br> (JPY) (d) | 47198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp;&nbsp; Shin Nippon Air Technologies <br> Co., Ltd. (JPY) (d) | 38399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | Shizuoka Gas Co., Ltd. (JPY) (d) | 33563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Sumitomo Osaka Cement Co., <br> Ltd. (JPY) (d) | 17177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp;&nbsp; Sun Frontier Fudousan Co., Ltd. <br> (JPY) (d) | 30255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; Taiheiyo Cement Corp. <br> (JPY) (d) | 24787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400 | Takara Holdings, Inc. (JPY) (d) | 23572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Takasago International Corp. <br> (JPY) (d) | 6888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp; Takasago Thermal Engineering <br> Co., Ltd. (JPY) (d) | 8340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Takashimaya Co., Ltd. (JPY) (d) | 9596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200 | Teijin Ltd. (JPY) (d) | 23162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300 | Toa Corp. (JPY) (d) | 65940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | Toenec Corp. (JPY) (d) | 25809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8900 | Toho Bank (The) Ltd. (JPY) (d) | 37308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp; Toho Titanium Co., Ltd. <br> (JPY) (d) | 12324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5100 | &nbsp;&nbsp;&nbsp; Tohoku Electric Power Co., Inc. <br> (JPY) (d) | 38249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100 | Tokai Rika Co., Ltd. (JPY) (d) | 40033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800 | &nbsp;&nbsp;&nbsp; Tokyo Steel Manufacturing Co., <br> Ltd. (JPY) (d) | 39232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Tokyu Construction Co., Ltd. <br> (JPY) (d) | 10799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Topre Corp. (JPY) (d) | 18503 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Towa Pharmaceutical Co., Ltd. <br> (JPY) (d) | $23152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Toyo Seikan Group Holdings <br> Ltd. (JPY) (d) | 27303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Toyo Tanso Co., Ltd. (JPY) (d) | 19851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Toyo Tire Corp. (JPY) (d) | 25807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Toyoda Gosei Co., Ltd. <br> (JPY) (d) | 18349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400 | TPR Co. Ltd. (JPY) (d) | 27005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4400 | TRE Holdings Corp. (JPY) (d) | 44240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; Trusco Nakayama Corp. <br> (JPY) (d) | 24689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6600 | TSI Holdings Co., Ltd. (JPY) (d) | 45294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; Tsubakimoto Chain Co. <br> (JPY) (d) | 19320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | Tsugami Corp. (JPY) (d) | 47904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp;&nbsp; Tsukishima Holdings Co., Ltd. <br> (JPY) (d) | 32890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Tsumura & Co. (JPY) (d) | 9508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp; TV Tokyo Holdings Corp. <br> (JPY) (d) | 7908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400 | UACJ Corp. (JPY) (d) | 50889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2900 | Uchida Yoko Co., Ltd. (JPY) (d) | 36560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400 | Umios Corp. (JPY) (d) | 22350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | World Co., Ltd. (JPY) (d) | 9373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3100 | &nbsp;&nbsp;&nbsp; Yahagi Construction Co., Ltd. <br> (JPY) (d) | 41382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | YAMABIKO Corp. (JPY) (d) | 36331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp;&nbsp; Yamae Group Holdings Co., Ltd. <br> (JPY) (d) | 34881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; Yokogawa Bridge Holdings <br> Corp. (JPY) (d) | 18875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Yonex Co., Ltd. (JPY) (d) | 21030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600 | Yurtec Corp. (JPY) (d) | 43038 |
|  |  | 4769127 |
|  | **Luxembourg — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 863 | APERAM S.A. (EUR) (d) | 34469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2828 | &nbsp;&nbsp;&nbsp; Grand City Properties S.A. <br> (EUR) (c) (d) | 29631 |
|  |  | 64100 |
|  | **Netherlands — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1108 | &nbsp;&nbsp;&nbsp; AMG Critical Materials N.V. <br> (EUR) (d) | 44386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4374 | Fugro N.V. (EUR) (d) | 54419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992 | &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep N.V. <br> (EUR) (d) | 10046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403 | &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V. <br> (EUR) (d) | 36123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2509 | &nbsp;&nbsp;&nbsp; MFE-MediaForEurope N.V., <br> Class A (EUR) (d) | 7555 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12827 | &nbsp;&nbsp;&nbsp; Pharming Group N.V. <br> (EUR) (c) (d) | $21678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357 | Signify N.V. (EUR) (d) (e) (i) | 7604 |
|  |  | 181811 |
|  | **New Zealand — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1511 | &nbsp;&nbsp;&nbsp; Summerset Group Holdings Ltd. <br> (NZD) | 7710 |
|  | **Norway — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3797 | DOF Group ASA (NOK) (d) | 54686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924 | Europris ASA (NOK) (d) (e) (i) | 8732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3483 | &nbsp;&nbsp;&nbsp; Hoegh Autoliners ASA <br> (NOK) (d) | 50431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28268 | &nbsp;&nbsp;&nbsp; MPC Container Ships ASA <br> (NOK) (d) | 67255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5269 | &nbsp;&nbsp;&nbsp; Wallenius Wilhelmsen ASA <br> (NOK) (d) | 67054 |
|  |  | 248158 |
|  | **Portugal — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6233 | &nbsp;&nbsp;&nbsp; Mota-Engil SGPS S.A. <br> (EUR) (d) (g) | 32309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17818 | Sonae SGPS S.A. (EUR) (d) | 39575 |
|  |  | 71884 |
|  | **Singapore — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50800 | Capitaland India Trust (SGD) (d) | 40063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21500 | First Resources Ltd. (SGD) (d) | 48586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143300 | &nbsp;&nbsp;&nbsp; Singapore Post Ltd. <br> (SGD) (d) (g) | 38598 |
|  |  | 127247 |
|  | **South Korea — 19.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425 | ABLBio, Inc. (KRW) (c) (d) | 48053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833 | BHI Co., Ltd. (KRW) (c) (d) | 52675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699 | Binggrae Co., Ltd. (KRW) (d) | 33111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 | &nbsp;&nbsp;&nbsp; CJ CheilJedang Corp. <br> (KRW) (d) | 8281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214 | CJ Corp. (KRW) (d) | 27541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467 | CJ Logistics Corp. (KRW) (d) | 32656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314 | CS Wind Corp. (KRW) (d) | 12645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1792 | Daesang Corp. (KRW) (d) | 23657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1785 | &nbsp;&nbsp;&nbsp; Daou Technology, Inc. <br> (KRW) (d) | 51891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692 | DB HiTek Co., Ltd. (KRW) (d) | 36133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2293 | &nbsp;&nbsp;&nbsp; DN Automotive Corp. <br> (KRW) (d) | 59428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467 | &nbsp;&nbsp;&nbsp; Dong-A Socio Holdings Co., <br> Ltd. (KRW) (d) | 28881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1379 | &nbsp;&nbsp;&nbsp; Doosan Fuel Cell Co., Ltd. <br> (KRW) (c) (d) | 30953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008 | &nbsp;&nbsp;&nbsp; DoubleUGames Co., Ltd. <br> (KRW) (d) | 33383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472 | &nbsp;&nbsp;&nbsp; ENF Technology Co., Ltd. <br> (KRW) (d) | 15197 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp; Eo Technics Co., Ltd. <br> (KRW) (d) | $14812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp; Eugene Technology Co., Ltd. <br> (KRW) (d) | 57065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836 | F&F Co., Ltd. (KRW) (d) | 34411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1186 | Fadu, Inc. (KRW) (c) (d) | 37558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286 | GS Holdings Corp. (KRW) (d) | 12361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801 | &nbsp;&nbsp;&nbsp; Han Kuk Carbon Co., Ltd. <br> (KRW) (d) | 21233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2957 | Hana Micron, Inc. (KRW) (d) | 57120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2279 | &nbsp;&nbsp;&nbsp; Hankook & Company Co., Ltd. <br> (KRW) (d) | 37457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1708 | &nbsp;&nbsp;&nbsp; Hankook Tire & Technology <br> Co., Ltd. (KRW) (d) | 62873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619 | Hanwha Corp. (KRW) (d) | 46107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1459 | Hanwha Engine (KRW) (c) (d) | 43804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5355 | &nbsp;&nbsp;&nbsp; Harim Holdings Co., Ltd. <br> (KRW) (d) | 49241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2259 | &nbsp;&nbsp;&nbsp; HDC Holdings Co., Ltd. <br> (KRW) (d) | 41988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646 | &nbsp;&nbsp;&nbsp; HDC Hyundai Development <br> Co-Engineering & <br> Construction, Class E <br> (KRW) (d) | 8869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 772 | Hyosung Corp. (KRW) (d) | 67731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 | Hyosung TNC Corp. (KRW) (d) | 15755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444 | &nbsp;&nbsp;&nbsp; Hyundai Department Store Co., <br> Ltd. (KRW) (d) | 23763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8158 | &nbsp;&nbsp;&nbsp; Hyundai GF Holdings <br> (KRW) (d) | 75266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467 | &nbsp;&nbsp;&nbsp; Hyundai Marine & Fire <br> Insurance Co., Ltd. <br> (KRW) (c) (d) | 9453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 722 | &nbsp;&nbsp;&nbsp; Innocean Worldwide, Inc. <br> (KRW) (d) | 8488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184 | IsuPetasys Co., Ltd. (KRW) (d) | 12751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171 | KCC Corp. (KRW) (d) | 56621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385 | Kolon Industries, Inc. (KRW) (d) | 19426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 538 | KoMiCo Ltd. (KRW) (d) | 39517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008 | Korea Gas Corp. (KRW) (d) | 23694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502 | &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co., Ltd. <br> (KRW) (d) | 40069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11091 | &nbsp;&nbsp;&nbsp; Kumho Tire Co., Inc. <br> (KRW) (c) (d) | 44905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362 | &nbsp;&nbsp;&nbsp; Kyung Dong Navien Co., Ltd. <br> (KRW) (d) | 15262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 | LG Innotek Co., Ltd. (KRW) (d) | 14120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp;&nbsp; Lotte Wellfood Co., Ltd. <br> (KRW) (d) | 8490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230 | &nbsp;&nbsp;&nbsp; LX International Corp. <br> (KRW) (d) | 35795 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962 | &nbsp;&nbsp;&nbsp; LX Semicon Co., Ltd. <br> (KRW) (d) | $31054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3507 | NHN KCP Corp. (KRW) (d) | 37645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296 | &nbsp;&nbsp;&nbsp; OCI Holdings Co., Ltd. <br> (KRW) (d) | 36991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506 | Orion Corp. (KRW) (d) | 43782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1936 | &nbsp;&nbsp;&nbsp; Orion Holdings Corp. <br> (KRW) (d) | 30004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13577 | Pan Ocean Co., Ltd. (KRW) (d) | 45297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp; PharmaResearch Co., Ltd. <br> (KRW) (d) | 8927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | PSK, Inc. (KRW) (d) | 44417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530 | S&S Tech Corp. (KRW) (d) | 28041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357 | &nbsp;&nbsp;&nbsp; Sanil Electric Co., Ltd. <br> (KRW) (d) | 32948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6597 | SD Biosensor, Inc. (KRW) (d) | 33952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1027 | &nbsp;&nbsp;&nbsp; Sebang Global Battery Co., Ltd. <br> (KRW) (d) | 40974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1222 | &nbsp;&nbsp;&nbsp; SIMMTECH Co., Ltd. <br> (KRW) (d) | 39953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170 | SK Gas Ltd. (KRW) (d) | 29512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1604 | &nbsp;&nbsp;&nbsp; SK oceanplant Co., Ltd. <br> (KRW) (c) (d) | 28693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932 | SL Corp. (KRW) (d) | 73616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727 | &nbsp;&nbsp;&nbsp; SNT Dynamics Co., Ltd. <br> (KRW) (d) | 23614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1516 | TES Co., Ltd. (KRW) (d) | 58591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp; Tokai Carbon Korea Co., Ltd. <br> (KRW) (d) | 35221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3265 | &nbsp;&nbsp;&nbsp; Tongyang Life Insurance Co., <br> Ltd. (KRW) (c) (d) | 18681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493 | Wemade Co., Ltd. (KRW) (d) | 6836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1115 | &nbsp;&nbsp;&nbsp; WONIK IPS Co., Ltd. <br> (KRW) (d) | 82962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5453 | &nbsp;&nbsp;&nbsp; Woori Technology Investment <br> Co., Ltd. (KRW) (c) (d) | 23207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 807 | Youngone Corp. (KRW) (d) | 43005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp; Youngone Holdings Co., Ltd. <br> (KRW) (d) | 56532 |
|  |  | 2464945 |
|  | **Spain — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3319 | &nbsp;&nbsp;&nbsp; Atalaya Mining Copper S.A. <br> (GBP) (d) | 31592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2870 | &nbsp;&nbsp;&nbsp; Colonial SFL Socimi S.A. <br> (EUR) (d) | 17005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329 | Elecnor S.A. (EUR) (d) | 12880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533 | &nbsp;&nbsp;&nbsp; Let's GOWEX S.A. <br> (EUR) (c) (d) (f) (h) (j) | 0 |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Spain (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18057 | &nbsp;&nbsp;&nbsp; Obrascon Huarte Lain S.A. <br> (EUR) (c) (d) | $8882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1499 | &nbsp;&nbsp;&nbsp; Tecnicas Reunidas S.A. <br> (EUR) (c) (d) | 53619 |
|  |  | 123978 |
|  | **Sweden — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1805 | &nbsp;&nbsp;&nbsp; AcadeMedia AB <br> (SEK) (d) (e) (i) | 19180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3118 | Billerud Aktiebolag (SEK) (d) | 24171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884 | &nbsp;&nbsp;&nbsp; BioArctic AB <br> (SEK) (c) (d) (e) (g) (i) | 30138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5729 | &nbsp;&nbsp;&nbsp; Embracer Group AB <br> (SEK) (c) (d) | 29532 |
|  |  | 103021 |
|  | **Switzerland — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8609 | Idorsia Ltd. (CHF) (c) (d) | 37987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335 | Implenia AG (CHF) (d) | 26395 |
|  |  | 64382 |
|  | **United Kingdom — 4.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5360 | Balfour Beatty PLC (GBP) (d) | 54268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1432 | &nbsp;&nbsp;&nbsp; Big Yellow Group PLC <br> (GBP) (d) | 16143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1408 | &nbsp;&nbsp;&nbsp; Close Brothers Group PLC <br> (GBP) (c) (d) | 7495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14895 | Currys PLC (GBP) (d) | 24666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 798 | Derwent London PLC (GBP) (d) | 16674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3966 | Drax Group PLC (GBP) (d) | 46869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3084 | Firstgroup PLC (GBP) | 6784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5295 | Future PLC (GBP) | 20801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1439 | &nbsp;&nbsp;&nbsp; Georgia Capital PLC <br> (GBP) (c) (d) | 69789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5855 | &nbsp;&nbsp;&nbsp; Hochschild Mining PLC <br> (GBP) (d) | 46847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492 | JET2 PLC (GBP) (d) | 7334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp; Lion Finance Group PLC <br> (GBP) (d) | 11295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31672 | &nbsp;&nbsp;&nbsp; Pan African Resources PLC <br> (GBP) (d) | 58685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10160 | &nbsp;&nbsp;&nbsp; Pets at Home Group PLC <br> (GBP) (d) | 24612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23086 | &nbsp;&nbsp;&nbsp; PRS REIT (The) PLC <br> (GBP) (d) (f) (h) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5271 | Safestore Holdings PLC (GBP) | 44267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2938 | Serco Group PLC (GBP) | 11083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9807 | &nbsp;&nbsp;&nbsp; Shaftesbury Capital PLC <br> (GBP) (d) | 16610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5769 | SigmaRoc PLC (GBP) (c) (d) | 8999 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2270 | TORM PLC, Class A (DKK) (d) | $64786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8511 | Zigup PLC (GBP) | 43089 |
|  |  | 601096 |
|  | **Total Common Stocks** | 12770287 |
|  | (Cost $11,079,830) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10459 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.53% (k) | 10459 |
|  | (Cost $10,459) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.5%** | **REPURCHASE AGREEMENTS — 2.5%** | **REPURCHASE AGREEMENTS — 2.5%** |
| $322127 | &nbsp;&nbsp;&nbsp; Daiwa Capital Markets America, <br> Inc., 3.66% (k), dated <br> 03/31/26, due 04/01/26, with a <br> maturity value of $322,160. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 05/07/26 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $328,570. (l) | 322127 |
|  | (Cost $322,127) |  |
|  | **Total Investments — 101.8%** | 13102873 |
|  | (Cost $11,412,416) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.8)%** | (234295)<br>|
|  | **Net Assets — 100.0%** | $12868578 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

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

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $11,484,536 or 89.2% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the "1933 Act").

&nbsp;&nbsp;&nbsp;&nbsp;(f) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 $307,166 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $322,127.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(j) This issuer has filed for protection in bankruptcy court.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| ILS | – Israeli Shekel |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| NOK | – Norwegian Krone |
| NZD | – New Zealand Dollar |
| SEK | – Swedish Krona |
| SGD | – Singapore Dollar |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 25.7% |
| Materials | &nbsp;&nbsp; 14.5 |
| Consumer Discretionary | &nbsp;&nbsp; 13.8 |
| Energy | &nbsp;&nbsp; 10.8 |
| Information Technology | &nbsp;&nbsp; 10.5 |
| Financials | &nbsp;&nbsp;&nbsp; 5.7 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 5.0 |
| Utilities | &nbsp;&nbsp;&nbsp; 3.6 |
| Communication Services | &nbsp;&nbsp;&nbsp; 2.9 |
| All Other | &nbsp;&nbsp;&nbsp; 7.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| JPY | &nbsp;&nbsp; 36.4% |
| KRW | &nbsp;&nbsp; 18.8 |
| EUR | &nbsp;&nbsp;&nbsp; 9.5 |
| CAD | &nbsp;&nbsp;&nbsp; 7.1 |
| HKD | &nbsp;&nbsp;&nbsp; 6.6 |
| AUD | &nbsp;&nbsp;&nbsp; 5.6 |
| GBP | &nbsp;&nbsp;&nbsp; 4.3 |
| USD | &nbsp;&nbsp;&nbsp; 3.4 |
| NOK | &nbsp;&nbsp;&nbsp; 2.6 |
| ILS | &nbsp;&nbsp;&nbsp; 2.3 |
| DKK | &nbsp;&nbsp;&nbsp; 1.1 |
| SGD | &nbsp;&nbsp;&nbsp; 1.0 |
| SEK | &nbsp;&nbsp;&nbsp; 0.8 |
| CHF | &nbsp;&nbsp;&nbsp; 0.5 |
| NZD | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| Amount is less than 0.1%. |

---

------

**First Trust Developed Markets ex-US Small Cap AlphaDEX**<sup>®</sup> **Fund (FDTS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | $735238 | &nbsp;&nbsp; $29330 | &nbsp;&nbsp; $705908 | &nbsp;&nbsp; $—<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; Belgium | 123764 | &nbsp;&nbsp; 43214 | &nbsp;&nbsp; 80550 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Bermuda | 473069 | &nbsp;&nbsp; 88769 | &nbsp;&nbsp; 384300 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Canada | 969332 | &nbsp;&nbsp; 969332 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Denmark | 123078 | &nbsp;&nbsp; 21372 | &nbsp;&nbsp; 101706 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Greece | 69908 | &nbsp;&nbsp; — | &nbsp;&nbsp; 69908 | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; New Zealand | 7710 | &nbsp;&nbsp; 7710 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Spain | 123978 | &nbsp;&nbsp; — | &nbsp;&nbsp; 123978 | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; United Kingdom | 601096 | &nbsp;&nbsp; 126024 | &nbsp;&nbsp; 475072 | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 9543114 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9543114 | &nbsp;&nbsp; — |
| Money Market Funds | 10459 | &nbsp;&nbsp; 10459 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 322127 | &nbsp;&nbsp; — | &nbsp;&nbsp; 322127 | &nbsp;&nbsp; — |
| Total Investments | $13102873 | &nbsp;&nbsp; $1296210 | &nbsp;&nbsp; $11806663 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

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

\* See Portfolio of Investments for country breakout.

\*\* Investments are valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.4%** | **COMMON STOCKS (a) (b) — 99.4%** | **COMMON STOCKS (a) (b) — 99.4%** |
|  | **Bermuda — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5763859 | &nbsp;&nbsp;&nbsp; Sihuan Pharmaceutical Holdings <br> Group Ltd. (HKD) (c) | $1011561 |
|  | **Brazil — 15.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280906 | Azzas 2154 S.A. (BRL) | 1393725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625319 | &nbsp;&nbsp;&nbsp; Bradespar S.A. (Preference <br> Shares) (BRL) | 2783837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471041 | Brava Energia (BRL) (d) | 1870578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61390 | &nbsp;&nbsp;&nbsp; Cia de Saneamento de Minas <br> Gerais Copasa MG (BRL) | 683843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3486629 | Cogna Educacao S.A. (BRL) | 2127040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122495 | &nbsp;&nbsp;&nbsp; Cury Construtora e <br> Incorporadora S.A. (BRL) | 836679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243900 | &nbsp;&nbsp;&nbsp; Cyrela Brazil Realty S.A. <br> Empreendimentos e <br> Participacoes (BRL) | 1286398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392826 | &nbsp;&nbsp;&nbsp; Direcional Engenharia S.A. <br> (BRL) | 1008636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137380 | Energisa S.A. (BRL) | 1391344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655064 | &nbsp;&nbsp;&nbsp; Ez Tec Empreendimentos e <br> Participacoes S.A. (BRL) | 1767965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372175 | &nbsp;&nbsp;&nbsp; GPS Participacoes e <br> Empreendimentos S.A. <br> (BRL) (e) | 1199904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2031991 | Grendene S.A. (BRL) | 1859443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162873 | Grupo SBF S.A. (BRL) | 386442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359479 | &nbsp;&nbsp;&nbsp; Intelbras S.A. Industria de <br> Telecomunicacao Eletronica <br> Brasileira (BRL) | 1016703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86421 | &nbsp;&nbsp;&nbsp; IRB-Brasil Resseguros S.A. <br> (BRL) (d) | 910950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343305 | &nbsp;&nbsp;&nbsp; Isa Energia Brasil S.A. <br> (Preference Shares) (BRL) | 1927998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1636271 | JHSF Participacoes S.A. (BRL) | 2928315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522798 | &nbsp;&nbsp;&nbsp; Marcopolo S.A. (Preference <br> Shares) (BRL) | 625761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593076 | &nbsp;&nbsp;&nbsp; Metalurgica Gerdau S.A. <br> (Preference Shares) (BRL) | 977802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 941037 | Minerva S.A. (BRL) | 772109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1181547 | &nbsp;&nbsp;&nbsp; Movida Participacoes S.A. <br> (BRL) | 2944829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852618 | &nbsp;&nbsp;&nbsp; MRV Engenharia e Participacoes <br> S.A. (BRL) (d) | 1295424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839547 | Petroreconcavo S.A. (BRL) | 2273974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243932 | Sao Martinho S.A. (BRL) | 998361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302909 | &nbsp;&nbsp;&nbsp; Tres Tentos Agroindustrial S.A. <br> (BRL) | 935653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89731 | &nbsp;&nbsp;&nbsp; Unipar Carbocloro S.A. <br> (Preference Shares) (BRL) | 1080787 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Brazil (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1001142 | &nbsp;&nbsp;&nbsp; Usinas Siderurgicas de Minas <br> Gerais S.A. Usiminas, Class A <br> (Preference Shares) (BRL) (d) | $1302682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113925 | Vulcabras S.A. (BRL) | 385333 |
|  |  | 38972515 |
|  | **Cayman Islands — 14.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1481996 | &nbsp;&nbsp;&nbsp; 361 Degrees International Ltd. <br> (HKD) (c) | 1191448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517730 | &nbsp;&nbsp;&nbsp; Abbisko Cayman Ltd. <br> (HKD) (c) (d) | 807003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 903145 | &nbsp;&nbsp;&nbsp; Alphamab Oncology <br> (HKD) (c) (d) (e) (f) | 911270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1389556 | &nbsp;&nbsp;&nbsp; Boyaa Interactive International <br> Ltd. (HKD) (c) (g) | 481621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563848 | &nbsp;&nbsp;&nbsp; China Conch Venture Holdings <br> Ltd. (HKD) (c) | 825660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1901865 | &nbsp;&nbsp;&nbsp; China Lesso Group Holdings <br> Ltd. (HKD) (c) | 1209724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11550 | &nbsp;&nbsp;&nbsp; China Metal Recycling Holdings <br> Ltd. (HKD) (c) (d) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2643691 | &nbsp;&nbsp;&nbsp; China Resources Medical <br> Holdings Co., Ltd. <br> (HKD) (c) (g) | 914824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1478088 | &nbsp;&nbsp;&nbsp; China Shineway Pharmaceutical <br> Group Ltd. (HKD) (c) | 1694297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1875147 | &nbsp;&nbsp;&nbsp; China Youran Dairy Group Ltd. <br> (HKD) (c) (d) (e) (f) (g) | 925914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3171951 | &nbsp;&nbsp;&nbsp; China Zhongwang Holdings Ltd. <br> (HKD) (c) (d) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490075 | &nbsp;&nbsp;&nbsp; Chinasoft International Ltd. <br> (HKD) (c) | 208316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384433 | &nbsp;&nbsp;&nbsp; CIMC Enric Holdings Ltd. <br> (HKD) (c) | 494286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6874177 | &nbsp;&nbsp;&nbsp; COFCO Joycome Foods Ltd. <br> (HKD) (c) (d) (f) (g) | 1121303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542896 | &nbsp;&nbsp;&nbsp; Consun Pharmaceutical Group <br> Ltd. (HKD) (c) | 1158315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1638916 | &nbsp;&nbsp;&nbsp; EEKA Fashion Holdings Ltd. <br> (HKD) (c) (g) | 1421764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5243030 | &nbsp;&nbsp;&nbsp; Evergrande Property Services <br> Group Ltd. <br> (HKD) (c) (d) (e) (f) | 760729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1412643 | Fufeng Group Ltd. (HKD) (c) | 1261162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773044 | &nbsp;&nbsp;&nbsp; General Interface Solution GIS <br> Holding Ltd. (TWD) (c) (d) | 1291417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788647 | &nbsp;&nbsp;&nbsp; HBM Holdings Ltd. <br> (HKD) (c) (d) (e) (f) | 1330634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3580290 | &nbsp;&nbsp;&nbsp; Hua Medicine <br> (HKD) (c) (d) (e) (f) | 1571282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172300 | Inter & Co., Inc., Class A | 1371508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1562315 | &nbsp;&nbsp;&nbsp; Jacobio Pharmaceuticals Group <br> Co., Ltd. (HKD) (c) (d) (e) (f) | 1387705 |

---

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Cayman Islands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207376 | &nbsp;&nbsp;&nbsp; JF SmartInvest Holdings Ltd. <br> (HKD) (c) (g) | $770721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125206 | &nbsp;&nbsp;&nbsp; Keymed Biosciences, Inc. <br> (HKD) (c) (d) (e) (f) | 989358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9446207 | &nbsp;&nbsp;&nbsp; Kinetic Development Group Ltd. <br> (HKD) (c) | 2567437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1808903 | &nbsp;&nbsp;&nbsp; Linklogis, Inc., Class B <br> (HKD) (c) (e) (f) (g) | 430768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3114532 | &nbsp;&nbsp;&nbsp; Lonking Holdings Ltd. <br> (HKD) (c) | 1192311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1185413 | &nbsp;&nbsp;&nbsp; Newborn Town, Inc. <br> (HKD) (c) (d) (f) | 1212648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922039 | &nbsp;&nbsp;&nbsp; Q Technology Group Co., Ltd. <br> (HKD) (c) (f) | 878256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1521873 | &nbsp;&nbsp;&nbsp; Sany Heavy Equipment <br> International Holdings Co., <br> Ltd. (HKD) (c) | 2161005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851231 | &nbsp;&nbsp;&nbsp; Star Plus Legend Holdings Ltd., <br> Class H (HKD) (d) (g) | 639411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317273 | &nbsp;&nbsp;&nbsp; Tianneng Power International <br> Ltd. (HKD) (c) (g) | 300529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565602 | &nbsp;&nbsp;&nbsp; XXF Group Holdings Ltd. <br> (HKD) (c) (d) (g) | 82243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4499507 | &nbsp;&nbsp;&nbsp; Yixin Group Ltd. <br> (HKD) (c) (e) (f) (g) | 1237040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 566544 | YSB, Inc. (HKD) (c) (g) | 372744 |
|  |  | 35174653 |
|  | **Chile — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 41047362 | &nbsp;&nbsp;&nbsp; Cia Sud Americana de Vapores <br> S.A. (CLP) | 2149285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539391 | Empresas CMPC S.A. (CLP) | 733739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100122 | Engie Energia Chile S.A. (CLP) | 1769678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1633729 | Ripley Corp. S.A. (CLP) | 680876 |
|  |  | 5333578 |
|  | **China — 5.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736806 | &nbsp;&nbsp;&nbsp; Angang Steel Co., Ltd., Class H <br> (HKD) (c) (d) (g) | 528628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2918259 | &nbsp;&nbsp;&nbsp; BAIC Motor Corp., Ltd., <br> Class H (HKD) (c) (d) (e) (f) | 574399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4891491 | &nbsp;&nbsp;&nbsp; Beijing Jingneng Clean Energy <br> Co., Ltd., Class H (HKD) (c) | 1419423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125043 | &nbsp;&nbsp;&nbsp; CanSino Biologics, Inc., Class H <br> (HKD) (c) (d) (e) (f) | 504412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672225 | &nbsp;&nbsp;&nbsp; China Communications Services <br> Corp., Ltd., Class H <br> (HKD) (c) | 362756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203874 | &nbsp;&nbsp;&nbsp; Dekon Food And Agriculture <br> Group, Class H <br> (HKD) (c) (f) (g) | 1687993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1350847 | &nbsp;&nbsp;&nbsp; Legend Holdings Corp., Class H <br> (HKD) (c) (d) (e) (f) | 1396940 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **China (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1558581 | &nbsp;&nbsp;&nbsp; Lepu Biopharma Co., Ltd., <br> Class H (HKD) (c) (d) (e) (f) | $1071274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 838292 | &nbsp;&nbsp;&nbsp; Lingbao Gold Group Co., Ltd., <br> Class H (HKD) (c) (g) | 2830527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2316435 | &nbsp;&nbsp;&nbsp; Maanshan Iron & Steel Co., Ltd., <br> Class H (HKD) (c) (d) | 747127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428771 | &nbsp;&nbsp;&nbsp; Shanghai MicroPort MedBot <br> Group Co., Ltd., Class H <br> (HKD) (c) (d) (g) | 1397549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915193 | &nbsp;&nbsp;&nbsp; Sinopec Engineering Group Co., <br> Ltd., Class H (HKD) (c) | 689062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287919 | &nbsp;&nbsp;&nbsp; Xinhua Winshare Publishing and <br> Media Co., Ltd., Class H <br> (HKD) (c) | 384169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127446 | &nbsp;&nbsp;&nbsp; Zylox-Tonbridge Medical <br> Technology Co., Ltd., Class H <br> (HKD) (c) (e) (f) | 380720 |
|  |  | 13974979 |
|  | **Hong Kong — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1019093 | &nbsp;&nbsp;&nbsp; Genertec Universal Medical <br> Group Co., Ltd. <br> (HKD) (c) (e) (f) | 755932 |
|  | **India — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4365 | &nbsp;&nbsp;&nbsp; Amber Enterprises India Ltd. <br> (INR) (c) (d) | 304876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387331 | &nbsp;&nbsp;&nbsp; Reliance Power Ltd. <br> (INR) (c) (d) | 521054 |
|  |  | 825930 |
|  | **Indonesia — 11.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4446467 | &nbsp;&nbsp;&nbsp; Adaro Andalan Indonesia PT <br> (IDR) (c) | 2971205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19601290 | &nbsp;&nbsp;&nbsp; Alamtri Resources Indonesia <br> Tbk PT (IDR) (c) | 2995666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10482968 | Aneka Tambang Tbk (IDR) (c) | 2193701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11276996 | &nbsp;&nbsp;&nbsp; Bukit Asam Persero Tbk PT <br> (IDR) (c) | 2115195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20076472 | &nbsp;&nbsp;&nbsp; Dharma Satya Nusantara Tbk PT <br> (IDR) (c) | 2013605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 41150534 | &nbsp;&nbsp;&nbsp; Energi Mega Persada Tbk PT <br> (IDR) (c) (d) | 3670590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704178 | &nbsp;&nbsp;&nbsp; Indah Kiat Pulp & Paper Tbk PT <br> (IDR) (c) | 1625272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1448140 | &nbsp;&nbsp;&nbsp; Indo Tambangraya Megah Tbk <br> PT (IDR) | 2532935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2750964 | &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk <br> PT (IDR) (c) | 1026450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3380223 | &nbsp;&nbsp;&nbsp; Japfa Comfeed Indonesia Tbk <br> PT (IDR) (c) | 472474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11778197 | &nbsp;&nbsp;&nbsp; Mitra Adiperkasa Tbk PT <br> (IDR) (c) | 837779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 52860925 | Pakuwon Jati Tbk PT (IDR) | 1051340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11760774 | &nbsp;&nbsp;&nbsp; Perusahaan Gas Negara Persero <br> Tbk PT (IDR) (c) | 1286679 |

---

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Indonesia (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3911579 | Petrosea Tbk PT (IDR) (c) | $1024455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7073205 | &nbsp;&nbsp;&nbsp; Solusi Sinergi Digital Tbk PT <br> (IDR) (c) | 894198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19717964 | &nbsp;&nbsp;&nbsp; Surya Citra Media Tbk PT <br> (IDR) (c) | 305748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11011473 | &nbsp;&nbsp;&nbsp; Surya Semesta Internusa Tbk PT <br> (IDR) (c) | 882550 |
|  |  | 27899842 |
|  | **Jersey — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4701615 | &nbsp;&nbsp;&nbsp; West China Cement Ltd. <br> (HKD) (c) (g) | 1317551 |
|  | **Malaysia — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572900 | Genting Bhd (MYR) (c) | 317646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1828633 | Guan Chong Bhd (MYR) (c) | 339968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4002800 | &nbsp;&nbsp;&nbsp; IOI Properties Group Bhd <br> (MYR) (c) | 3297359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3669300 | Sime Darby Bhd (MYR) (c) | 2063802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277400 | &nbsp;&nbsp;&nbsp; Sunway Construction Group Bhd <br> (MYR) (c) | 438458 |
|  |  | 6457233 |
|  | **Malta — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1291154 | MAS PLC (ZAR) (d) | 1495552 |
|  | **Mexico — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239483 | Alsea S.A.B. de C.V. (MXN) | 772978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 929082 | &nbsp;&nbsp;&nbsp; FIBRA Macquarie Mexico <br> (MXN) (e) (f) | 2148142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767388 | Gentera S.A.B. de C.V. (MXN) | 2169478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370483 | &nbsp;&nbsp;&nbsp; Megacable Holdings S.A.B. de <br> C.V., Series CPO (MXN) | 1287172 |
|  |  | 6377770 |
|  | **Netherlands — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167069 | Pepco Group N.V. (PLN) (c) (f) | 1210565 |
|  | **Philippines — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5544400 | &nbsp;&nbsp;&nbsp; Converge Information and <br> Communications Technology <br> Solutions., Inc. (PHP) (c) | 1129666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201040 | GT Capital Holdings, Inc. (PHP) | 1720836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3018100 | &nbsp;&nbsp;&nbsp; JG Summit Holdings, Inc. <br> (PHP) (c) | 1374892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203600 | Puregold Price Club, Inc. (PHP) | 1487203 |
|  |  | 5712597 |
|  | **Poland — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103619 | &nbsp;&nbsp;&nbsp; Cyfrowy Polsat S.A. <br> (PLN) (c) (d) (g) | 327802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245023 | Enea S.A. (PLN) (c) | 1638448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329006 | Orange Polska S.A. (PLN) (c) | 1257994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792855 | &nbsp;&nbsp;&nbsp; Tauron Polska Energia S.A. <br> (PLN) (c) (d) | 2199425 |
|  |  | 5423669 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp; 653736712 | &nbsp;&nbsp;&nbsp; Federal Grid Co. - Rosseti PJSC <br> (RUB) (c) (d) (h) (i) | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580351 | &nbsp;&nbsp;&nbsp; Mechel PJSC <br> (RUB) (c) (d) (h) (i) | 0 |
|  |  | 0 |
|  | **South Africa — 6.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570060 | DRDGOLD Ltd. (ZAR) (c) | 1696180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152275 | Exxaro Resources Ltd. (ZAR) (c) | 2040148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62866 | Foschini Group Ltd. (ZAR) (c) | 261930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146754 | &nbsp;&nbsp;&nbsp; Hyprop Investments Ltd. <br> (ZAR) (c) | 470077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131910 | Motus Holdings Ltd. (ZAR) (c) | 910905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513802 | Old Mutual Ltd. (ZAR) | 419027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1186723 | Sappi Ltd. (ZAR) (c) (d) | 1176629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127662 | Sasol Ltd. (ZAR) (c) (d) | 1683886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670243 | Telkom S.A. SOC Ltd. (ZAR) | 2329041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391912 | Thungela Resources Ltd. (ZAR) | 3883626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250796 | &nbsp;&nbsp;&nbsp; Truworths International Ltd. <br> (ZAR) (c) | 770402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330725 | &nbsp;&nbsp;&nbsp; Vukile Property Fund Ltd. <br> (ZAR) (c) | 436126 |
|  |  | 16077977 |
|  | **Taiwan — 16.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76450 | Asia Optical Co., Inc. (TWD) (c) | 301472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130062 | ASROCK, Inc. (TWD) (c) | 849377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887725 | AUO Corp. (TWD) (c) | 413672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61407 | &nbsp;&nbsp;&nbsp; Chenbro Micom Co., Ltd. <br> (TWD) (c) | 1719969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581173 | China Airlines Ltd. (TWD) (c) | 329538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1502164 | &nbsp;&nbsp;&nbsp; CSBC Corp. Taiwan <br> (TWD) (c) (d) | 979702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275397 | &nbsp;&nbsp;&nbsp; Depo Auto Parts Industrial Co., <br> Ltd. (TWD) (c) | 1160463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543099 | &nbsp;&nbsp;&nbsp; Dynamic Holding Co., Ltd. <br> (TWD) (c) | 3130831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44550 | &nbsp;&nbsp;&nbsp; Elite Advanced Laser Corp. <br> (TWD) (c) | 355631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298092 | &nbsp;&nbsp;&nbsp; Eternal Materials Co., Ltd. <br> (TWD) (c) | 551303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149598 | &nbsp;&nbsp;&nbsp; Evergreen Aviation <br> Technologies Corp. <br> (TWD) (c) | 696359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346213 | &nbsp;&nbsp;&nbsp; Evergreen International Storage <br> & Transport Corp. (TWD) (c) | 555620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76403 | EZconn Corp. (TWD) (c) | 4827929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12165 | Fositek Corp. (TWD) (c) | 705110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172368 | &nbsp;&nbsp;&nbsp; Foxconn Technology Co., Ltd. <br> (TWD) (c) | 280388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403915 | &nbsp;&nbsp;&nbsp; Global Brands Manufacture Ltd. <br> (TWD) (c) | 1161699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662157 | Hannstar Board Corp. (TWD) (c) | 1712741 |

---

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Taiwan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282787 | &nbsp;&nbsp;&nbsp; Huang Hsiang Construction <br> Corp. (TWD) (c) | $319201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524470 | Innolux Corp. (TWD) (c) | 1937436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457263 | ITEQ Corp. (TWD) (c) | 2203682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336597 | &nbsp;&nbsp;&nbsp; Kindom Development Co., Ltd. <br> (TWD) (c) | 339622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116596 | &nbsp;&nbsp;&nbsp; Kinsus Interconnect Technology <br> Corp. (TWD) (c) | 1200715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49561 | &nbsp;&nbsp;&nbsp; Marketech International Corp. <br> (TWD) (c) | 439267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690847 | Mitac Holdings Corp. (TWD) (c) | 1654052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134638 | &nbsp;&nbsp;&nbsp; Phoenix Silicon International <br> Corp. (TWD) (c) | 795695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1260047 | Pou Chen Corp. (TWD) (c) | 1131165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924997 | &nbsp;&nbsp;&nbsp; Ruentex Industries Ltd. <br> (TWD) (c) | 1372761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192134 | &nbsp;&nbsp;&nbsp; Sunonwealth Electric Machine <br> Industry Co., Ltd. (TWD) (c) | 762290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250834 | Tatung Co., Ltd. (TWD) (c) | 1251144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67884 | Test Research, Inc. (TWD) (c) | 561771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38590 | &nbsp;&nbsp;&nbsp; Topco Scientific Co., Ltd. <br> (TWD) (c) | 376661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21399 | &nbsp;&nbsp;&nbsp; WinWay Technology Co., Ltd. <br> (TWD) (c) | 5061947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54769 | &nbsp;&nbsp;&nbsp; Yankey Engineering Co., Ltd. <br> (TWD) (c) | 973882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347205 | &nbsp;&nbsp;&nbsp; Yulon Motor Co., Ltd. <br> (TWD) (c) | 300298 |
|  |  | 40413393 |
|  | **Thailand — 6.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800200 | Amata Corp. PCL (THB) (c) | 464911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5823000 | AP Thailand PCL (THB) (c) | 1496678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3482000 | Betagro PCL (THB) (c) | 2597546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1501000 | Com7 PCL (THB) (c) | 1005466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225100 | &nbsp;&nbsp;&nbsp; Electricity Generating PCL <br> (THB) (c) | 774873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5601500 | Prima Marine PCL (THB) | 1341778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430900 | &nbsp;&nbsp;&nbsp; Regional Container Lines PCL <br> (THB) | 2321812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17648800 | Sansiri PCL (THB) (c) | 727553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2045100 | &nbsp;&nbsp;&nbsp; Sri Trang Agro-Industry PCL <br> (THB) | 1103783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831600 | Supalai PCL (THB) (c) | 1409784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365500 | Thai Oil PCL (THB) (c) | 540944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12756100 | Thaifoods Group PCL (THB) (c) | 3370223 |
|  |  | 17155351 |
|  | **Turkiye — 9.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1144055 | &nbsp;&nbsp;&nbsp; Ahlatci Dogal Gaz Dagitim <br> Enerji VE Yatirim A/S <br> (TRY) (c) (d) | 580771 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Turkiye (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3087133 | &nbsp;&nbsp;&nbsp; Anadolu Anonim Turk Sigorta <br> Sirketi (TRY) | $1893661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390686 | &nbsp;&nbsp;&nbsp; Anadolu Efes Biracilik Ve Malt <br> Sanayii A/S (TRY) (c) | 906091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181268 | Aygaz A/S (TRY) | 951198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965068 | &nbsp;&nbsp;&nbsp; Dogan Sirketler Grubu Holding <br> A/S (TRY) (c) | 435448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281949 | &nbsp;&nbsp;&nbsp; Dogus Otomotiv Servis ve <br> Ticaret A/S (TRY) (c) | 1228284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4159938 | &nbsp;&nbsp;&nbsp; Emlak Konut Gayrimenkul <br> Yatirim Ortakligi A/S <br> (TRY) (c) (g) | 1797386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1039069 | Enerjisa Enerji A/S (TRY) (e) (f) | 2677139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8664359 | Enerya Enerji A/S (TRY) (c) | 1741275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1341126 | &nbsp;&nbsp;&nbsp; GEN Ilac VE Saglik Urunleri <br> Sanayi VE Ticaret A/S <br> (TRY) (c) | 322987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134608 | Grainturk Tarim A/S (TRY) (d) | 684542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57955 | &nbsp;&nbsp;&nbsp; Gubre Fabrikalari T.A.S. <br> (TRY) (c) (d) | 616355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1903685 | &nbsp;&nbsp;&nbsp; Is Yatirim Menkul Degerler A/S <br> (TRY) (c) (g) | 1859745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1545009 | NET Holding A/S (TRY) (c) (d) | 1350442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580056 | &nbsp;&nbsp;&nbsp; Pasifik Eurasia Lojistik Dis <br> Ticaret A/S (TRY) (d) (g) | 1618500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152717 | &nbsp;&nbsp;&nbsp; Pegasus Hava Tasimaciligi A/S <br> (TRY) (c) (d) (g) | 602659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414585 | &nbsp;&nbsp;&nbsp; Ral Yatirim Holding A/S <br> (TRY) (d) | 1880725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127534 | &nbsp;&nbsp;&nbsp; Tofas Turk Otomobil Fabrikasi <br> A/S (TRY) (c) (g) | 787051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3712185 | &nbsp;&nbsp;&nbsp; Turkiye Sinai Kalkinma Bankasi <br> A/S (TRY) (c) (g) | 932595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474590 | &nbsp;&nbsp;&nbsp; Ulker Biskuvi Sanayi A/S <br> (TRY) (c) (g) | 1258918 |
|  |  | 24125772 |
|  | **Total Common Stocks** | 249716420 |
|  | (Cost $222,884,104) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305925 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.53% (j) | 305925 |
|  | (Cost $305,925) |  |

---

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

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 5.3%** | **REPURCHASE AGREEMENTS — 5.3%** | **REPURCHASE AGREEMENTS — 5.3%** |
| $13418176 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 3.66% (j), dated 03/31/26, due <br> 04/01/26, with a maturity <br> value of $13,419,540. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.63%, due 11/30/26 to <br> 02/15/32. The value of the <br> collateral including accrued <br> interest is $13,686,540. (k) | $13418176 |
|  | (Cost $13,418,176) |  |
|  | **Total Investments — 104.8%** | 263440521 |
|  | (Cost $236,608,205) |  |
|  | **Net Other Assets and** <br> **Liabilities — (4.8)%** | (12180596)<br>|
|  | **Net Assets — 100.0%** | $251259925 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $167,628,940 or 66.7% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 $12,294,137 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $13,418,176.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| HKD | – Hong Kong Dollar |
| IDR | – Indonesian Rupiah |
| INR | – Indian Rupee |
| MXN | – Mexican Peso |
| MYR | – Malaysian Ringgit |
| PHP | – Philippine Peso |
| PLN | – Polish Zloty |
| RUB | – Russian Ruble |
| THB | – Thai Baht |
| TRY | – Turkish Lira |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Information Technology | &nbsp;&nbsp; 13.2% |
| Industrials | &nbsp;&nbsp; 12.3 |
| Consumer Discretionary | &nbsp;&nbsp; 12.1 |
| Energy | &nbsp;&nbsp; 10.9 |
| Materials | &nbsp;&nbsp;&nbsp; 9.2 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 8.1 |
| Utilities | &nbsp;&nbsp;&nbsp; 7.4 |
| Real Estate | &nbsp;&nbsp;&nbsp; 7.3 |
| Health Care | &nbsp;&nbsp;&nbsp; 6.3 |
| All Other | &nbsp;&nbsp; 13.2 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

------

**First Trust Emerging Markets Small Cap AlphaDEX**<sup>®</sup> **Fund (FEMS)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| HKD | &nbsp;&nbsp; 18.8% |
| TWD | &nbsp;&nbsp; 15.8 |
| BRL | &nbsp;&nbsp; 14.8 |
| IDR | &nbsp;&nbsp; 10.6 |
| TRY | &nbsp;&nbsp;&nbsp; 9.2 |
| ZAR | &nbsp;&nbsp;&nbsp; 6.7 |
| THB | &nbsp;&nbsp;&nbsp; 6.5 |
| USD | &nbsp;&nbsp;&nbsp; 5.7 |
| PLN | &nbsp;&nbsp;&nbsp; 2.5 |
| MYR | &nbsp;&nbsp;&nbsp; 2.5 |
| MXN | &nbsp;&nbsp;&nbsp; 2.4 |
| PHP | &nbsp;&nbsp;&nbsp; 2.2 |
| CLP | &nbsp;&nbsp;&nbsp; 2.0 |
| INR | &nbsp;&nbsp;&nbsp; 0.3 |
| RUB | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| Investments are valued at $0. |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | $38972515 | &nbsp;&nbsp; $38972515 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Cayman Islands | 35174653 | &nbsp;&nbsp; 2010919 | &nbsp;&nbsp; 33163734 | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; Chile | 5333578 | &nbsp;&nbsp; 5333578 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Indonesia | 27899842 | &nbsp;&nbsp; 3584275 | &nbsp;&nbsp; 24315567 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Malta | 1495552 | &nbsp;&nbsp; 1495552 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Mexico | 6377770 | &nbsp;&nbsp; 6377770 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Philippines | 5712597 | &nbsp;&nbsp; 3208039 | &nbsp;&nbsp; 2504558 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Russia | —<br> \*\*<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; South Africa | 16077977 | &nbsp;&nbsp; 6631694 | &nbsp;&nbsp; 9446283 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Turkiye | 24125772 | &nbsp;&nbsp; 9705765 | &nbsp;&nbsp; 14420007 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 88546164 | &nbsp;&nbsp; — | &nbsp;&nbsp; 88546164 | &nbsp;&nbsp; — |
| Money Market Funds | 305925 | &nbsp;&nbsp; 305925 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 13418176 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13418176 | &nbsp;&nbsp; — |
| Total Investments | $263440521 | &nbsp;&nbsp; $77626032 | &nbsp;&nbsp; $185814489 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

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

\* See Portfolio of Investments for country breakout.

\*\* Investments are valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Eurozone AlphaDEX**<sup>®</sup> **ETF (FEUZ)**

**Portfolio of Investments**

**March 31, 2026 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Austria — 5.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9031 | Erste Group Bank AG (EUR) (c) | $975581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22079 | OMV AG (EUR) (c) | 1615309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8549 | &nbsp;&nbsp;&nbsp; Raiffeisen Bank International <br> AG (EUR) (c) | 366128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99171 | &nbsp;&nbsp;&nbsp; UNIQA Insurance Group AG <br> (EUR) (c) | 1737335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12148 | Verbund AG (EUR) (c) | 928345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21399 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) (c) | 1520506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24753 | voestalpine AG (EUR) (c) | 1098345 |
|  |  | 8241549 |
|  | **Belgium — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp; Ackermans & Van Haaren N.V. <br> (EUR) (c) | 707276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37396 | Colruyt Group N.V. (EUR) | 1568180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3722 | KBC Ancora (EUR) (c) | 304824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4271 | UCB S.A. (EUR) (c) | 1286845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11779 | &nbsp;&nbsp;&nbsp; Warehouses De Pauw C.V.A. <br> (EUR) (c) | 306840 |
|  |  | 4173965 |
|  | **Bermuda — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73383 | Aegon Ltd. (EUR) (c) | 536669 |
|  | **Finland — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16091 | Neste Oyj (EUR) (c) | 522921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26857 | &nbsp;&nbsp;&nbsp; Stora Enso Oyj, Class R <br> (EUR) (c) (d) | 315381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39409 | Wartsila Oyj Abp (EUR) (c) | 1467913 |
|  |  | 2306215 |
|  | **France — 16.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14871 | Amundi S.A. (EUR) (c) (e) (f) | 1277987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23380 | Arkema S.A. (EUR) (c) | 1605228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3234 | BNP Paribas S.A. (EUR) (c) | 308084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26171 | Bouygues S.A. (EUR) (c) | 1516793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4055 | Capgemini SE (EUR) (c) | 478486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58326 | Carrefour S.A. (EUR) (c) | 1079961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5472 | &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain S.A. <br> (EUR) (c) | 453053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32838 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin S.C.A. (EUR) (c) | 1124999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29989 | Credit Agricole S.A. (EUR) (c) | 559728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6912 | Eiffage S.A. (EUR) (c) | 1060082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40955 | Elis S.A. (EUR) (c) | 1159787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41205 | Engie S.A. (EUR) (c) | 1327939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2941 | Gecina S.A. (EUR) (c) | 232050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30234 | Klepierre S.A. (EUR) (c) | 1135056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5345 | Legrand S.A. (EUR) (c) | 830375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5973 | Nexans S.A. (EUR) (c) | 812564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18159 | Orange S.A. (EUR) (c) | 372317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5994 | Pernod Ricard S.A. (EUR) (c) | 445727 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3074 | Publicis Groupe S.A. (EUR) (c) | $254435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9009 | Rexel S.A. (EUR) (c) | 356993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833 | Safran S.A. (EUR) (c) | 272583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15959 | Sanofi S.A. (EUR) (c) | 1541165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8362 | SCOR SE (EUR) (c) | 298862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13343 | Societe Generale S.A. (EUR) (c) | 974269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14040 | Sodexo S.A. (EUR) (c) | 720706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5474 | SPIE S.A. (EUR) (c) | 274115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 933 | Thales S.A. (EUR) (c) | 273599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24235 | TotalEnergies SE (EUR) (c) | 2224157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977 | Vusion (EUR) (c) | 125389 |
|  |  | 23096489 |
|  | **Germany — 29.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395 | Allianz SE (EUR) (c) | 589137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11810 | Aurubis AG (EUR) (c) | 2100498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43229 | Auto1 Group SE (EUR) (c) (g) | 769655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14672 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) (c) | 1357265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4924 | Brenntag SE (EUR) (c) | 333545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39059 | Commerzbank AG (EUR) (c) | 1424852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13396 | Continental AG (EUR) (c) | 935141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14313 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) (c) | 704859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25113 | Deutsche Bank AG (EUR) (c) | 747369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173895 | &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG <br> (EUR) (c) | 1480859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25932 | &nbsp;&nbsp;&nbsp; Deutsche Telekom AG <br> (EUR) (c) | 967872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19824 | DHL Group (EUR) (c) | 1044867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24291 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) (f) | 1106566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15649 | E.ON SE (EUR) (c) | 342738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67895 | Evonik Industries AG (EUR) (c) | 1332288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10221 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide <br> (EUR) (c) (g) | 890417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22452 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) (c) | 1017474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5289 | &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA <br> (EUR) (c) | 274478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1302 | &nbsp;&nbsp;&nbsp; Heidelberg Materials AG <br> (EUR) (c) | 274771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10948 | &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br> (Preference Shares) (EUR) (c) | 845728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9097 | Hensoldt AG (EUR) (c) | 807366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5509 | HOCHTIEF AG (EUR) (c) | 2505899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17448 | KION Group AG (EUR) (c) | 932288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6068 | Krones AG (EUR) (c) | 824223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14812 | LEG Immobilien SE (EUR) (c) | 967551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23449 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) (c) | 1441250 |

---

------

**First Trust Eurozone AlphaDEX**<sup>®</sup> **ETF (FEUZ)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Germany (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4588 | Merck KGaA (EUR) (c) | $582926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1284 | &nbsp;&nbsp;&nbsp; MTU Aero Engines AG <br> (EUR) (c) | 468430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57500 | Nordex SE (EUR) (c) (g) | 3116082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14307 | RENK Group AG (EUR) (c) | 855158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506 | Rheinmetall AG (EUR) (c) | 853518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33135 | RWE AG (EUR) (c) | 2229295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132527 | Schaeffler AG (EUR) (c) | 1106964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10082 | Siemens Energy AG (EUR) (c) | 1738645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6637 | Talanx AG (EUR) (c) | 823570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151579 | thyssenkrupp AG (EUR) (c) | 1335646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97147 | TUI AG (EUR) (c) | 765039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37340 | United Internet AG (EUR) (c) | 1208174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13626 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) (c) | 1393844 |
|  |  | 42496247 |
|  | **Greece — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346842 | Alpha Bank S.A. (EUR) (c) | 1286555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229162 | Eurobank S.A. (EUR) (c) | 917577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46735 | &nbsp;&nbsp;&nbsp; Hellenic Telecommunications <br> Organization S.A. (EUR) | 881589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8571 | JUMBO S.A. (EUR) | 217752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67298 | Piraeus Bank S.A. (EUR) (c) | 552924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35756 | &nbsp;&nbsp;&nbsp; Public Power Corp. S.A. <br> (EUR) (c) | 747545 |
|  |  | 4603942 |
|  | **Ireland — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64993 | AIB Group PLC (EUR) (c) | 693811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15225 | Ryanair Holdings PLC, ADR | 880005 |
|  |  | 1573816 |
|  | **Italy — 17.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562859 | A2A S.p.A. (EUR) (c) | 1593811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29403 | &nbsp;&nbsp;&nbsp; Banca Mediolanum S.p.A. <br> (EUR) (c) | 595743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78802 | Banco BPM S.p.A. (EUR) (c) | 1096180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53134 | BPER Banca S.p.A. (EUR) (c) | 696336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26811 | Buzzi S.p.A. (EUR) (c) | 1355490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36604 | &nbsp;&nbsp;&nbsp; Credito Emiliano S.p.A. <br> (EUR) (c) | 620329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31086 | Enel S.p.A. (EUR) (c) | 339860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67449 | Eni S.p.A. (EUR) (c) | 1917840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44891 | Fincantieri S.p.A. (EUR) (c) (g) | 692692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196371 | Hera S.p.A. (EUR) (c) | 905801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32004 | Italgas S.p.A. (EUR) (c) | 372816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18571 | Leonardo S.p.A. (EUR) (c) | 1263196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21883 | &nbsp;&nbsp;&nbsp; Lottomatica Group S.p.A. <br> (EUR) (c) | 631872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99488 | Maire S.p.A. (EUR) (c) | 1548717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208228 | Nexi S.p.A. (EUR) (c) (d) (e) (f) | 775635 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216341 | &nbsp;&nbsp;&nbsp; Pirelli & C S.p.A. <br> (EUR) (c) (e) (f) | $1496969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24836 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (d) (e) (f) | 584611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14895 | Prysmian S.p.A. (EUR) (c) | 1758975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408144 | Saipem S.p.A. (EUR) (c) (d) | 1867411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97972 | Snam S.p.A. (EUR) (c) | 742184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9890 | SOL S.p.A. (EUR) | 673310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1688952 | &nbsp;&nbsp;&nbsp; Telecom Italia S.p.A. <br> (EUR) (c) (g) | 1185825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7776 | UniCredit S.p.A. (EUR) (c) | 557883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54920 | &nbsp;&nbsp;&nbsp; Unipol Assicurazioni S.p.A. <br> (EUR) (c) | 1275807 |
|  |  | 24549293 |
|  | **Luxembourg — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40989 | ArcelorMittal S.A. (EUR) (c) | 2125761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307230 | Aroundtown S.A. (EUR) (c) (g) | 817922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4054 | Eurofins Scientific SE (EUR) (c) | 295818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82522 | Tenaris S.A. (EUR) (c) | 2412321 |
|  |  | 5651822 |
|  | **Netherlands — 5.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18400 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (c) (f) | 583298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1276 | Airbus SE (EUR) (c) | 241258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409 | Argenx SE (EUR) (c) (g) | 296829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 603 | ASML Holding N.V. (EUR) (c) | 801847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8683 | ASR Nederland N.V. (EUR) (c) | 597800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27909 | Brembo N.V. (EUR) (c) | 265599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4290 | &nbsp;&nbsp;&nbsp; Heineken Holding N.V. <br> (EUR) (c) | 305305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22717 | ING Groep N.V. (EUR) (c) | 589661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14548 | &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize <br> N.V. (EUR) | 677492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32108 | &nbsp;&nbsp;&nbsp; Koninklijke Vopak N.V. <br> (EUR) (c) | 1737859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12551 | Prosus N.V. (EUR) (c) | 581058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31277 | &nbsp;&nbsp;&nbsp; Technip Energies N.V. <br> (EUR) (c) | 1321696 |
|  |  | 7999702 |
|  | **Portugal — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665680 | &nbsp;&nbsp;&nbsp; Banco Comercial Portugues <br> S.A., Class R (EUR) (c) | 648354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62100 | EDP S.A. (EUR) (c) | 328616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31142 | &nbsp;&nbsp;&nbsp; Galp Energia SGPS S.A. <br> (EUR) (c) | 746714 |
|  |  | 1723684 |
|  | **Spain — 11.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5875 | Acciona S.A. (EUR) (c) | 1544912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18438 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) (c) | 2248624 |

---

------

**First Trust Eurozone AlphaDEX**<sup>®</sup> **ETF (FEUZ)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Spain (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76718 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) (c) | $1657084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227899 | &nbsp;&nbsp;&nbsp; Banco de Sabadell S.A. <br> (EUR) (c) | 816405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84745 | Banco Santander S.A. (EUR) (c) | 950057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37402 | Bankinter S.A. (EUR) (c) | 592352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28020 | CaixaBank S.A. (EUR) (c) | 335896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81366 | Grifols S.A. (EUR) (c) | 851257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19738 | Indra Sistemas S.A. (EUR) (c) | 1103171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311044 | Mapfre S.A. (EUR) (c) | 1386173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78102 | &nbsp;&nbsp;&nbsp; Merlin Properties Socimi S.A. <br> (EUR) (c) | 1272471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54975 | &nbsp;&nbsp;&nbsp; Puig Brands S.A., Class B <br> (EUR) (c) | 1090543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66564 | Repsol S.A. (EUR) (c) | 1873684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215190 | &nbsp;&nbsp;&nbsp; Unicaja Banco S.A. <br> (EUR) (c) (e) (f) | 638632 |
|  |  | 16361261 |
|  | **Switzerland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3455 | DSM-Firmenich AG (EUR) (c) | 247117 |
|  | **Total Common Stocks** | 143561771 |
|  | (Cost $130,139,867) |  |
| **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** |
|  | **Italy — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1688952 | &nbsp;&nbsp;&nbsp; Telecom Italia S.p.A., expiring <br> 04/06/26 (EUR) (c) (g) (h) | 16 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161756 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.53% (i) | 161756 |
|  | (Cost $161,756) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 3.6%** | **REPURCHASE AGREEMENTS — 3.6%** | **REPURCHASE AGREEMENTS — 3.6%** |
| $5155064 | &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The), <br> 3.66% (i), dated 03/31/26, due <br> 04/01/26, with a maturity <br> value of $5,155,588. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 1.25% to <br> 1.38%, due 05/31/28 to <br> 12/31/28. The value of the <br> collateral including accrued <br> interest is $5,258,167. (j) | $5155064 |
|  | (Cost $5,155,064) |  |
|  | **Total Investments — 103.5%** | 148878607 |
|  | (Cost $135,456,687) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.5)%** | (5000556)<br>|
|  | **Net Assets — 100.0%** | $143878051 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2026, securities noted as such are valued at $138,663,459 or 96.4% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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 $4,127,891 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $5,155,064.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

------

**First Trust Eurozone AlphaDEX**<sup>®</sup> **ETF (FEUZ)**

**Portfolio of Investments (Continued)**

**March 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Rate shown reflects yield as of March 31, 2026.

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| EUR | – Euro |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 23.1% |
| Financials | &nbsp;&nbsp; 20.7 |
| Energy | &nbsp;&nbsp; 10.9 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 9.3 |
| Materials | &nbsp;&nbsp;&nbsp; 8.4 |
| Utilities | &nbsp;&nbsp;&nbsp; 7.7 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.1 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 4.0 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 3.5 |
| All Other | &nbsp;&nbsp;&nbsp; 8.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 95.8% |
| USD | &nbsp;&nbsp;&nbsp; 4.2 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of March 31, 2026 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**3/31/2026**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Belgium | $4173965 | &nbsp;&nbsp; $1568180 | &nbsp;&nbsp; $2605785 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Greece | 4603942 | &nbsp;&nbsp; 1099341 | &nbsp;&nbsp; 3504601 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Ireland | 1573816 | &nbsp;&nbsp; 880005 | &nbsp;&nbsp; 693811 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Italy | 24549293 | &nbsp;&nbsp; 673310 | &nbsp;&nbsp; 23875983 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Netherlands | 7999702 | &nbsp;&nbsp; 677492 | &nbsp;&nbsp; 7322210 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 100661053 | &nbsp;&nbsp; — | &nbsp;&nbsp; 100661053 | &nbsp;&nbsp; — |
| Rights\* | 16 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16 | &nbsp;&nbsp; — |
| Money Market Funds | 161756 | &nbsp;&nbsp; 161756 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 5155064 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5155064 | &nbsp;&nbsp; — |
| Total Investments | $148878607 | &nbsp;&nbsp; $5060084 | &nbsp;&nbsp; $143818523 | &nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for country breakout.

------

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

**Additional Information**

**March 31, 2026 (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**

Nasdaq<sup>®</sup> and Nasdaq AlphaDEX<sup>®</sup> Asia Pacific Ex-Japan<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Europe<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Latin America<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> China<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Japan<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Developed Markets Ex-US<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Emerging Markets<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Germany<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> United Kingdom<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Switzerland<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Developed Markets Ex-US Small Cap<sup>TM</sup> Index, Nasdaq AlphaDEX<sup>®</sup> Emerging Markets Small Cap<sup>TM</sup> Index and Nasdaq AlphaDEX<sup>®</sup> Eurozone<sup>TM</sup> Index ("the Nasdaq Indices") are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust. AlphaDEX<sup>®</sup> is a registered trademark owned by First Trust that has been licensed to Nasdaq, Inc. for use in the name of the Nasdaq Indices. The Funds have not been passed on by the Corporations as to their legality or suitability. The Funds are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

The First Trust India NIFTY 50 Equal Weight ETF (the "Product") offered by First Trust is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product linked to the NIFTY 50 Equal Weight Index or particularly in the ability of the NIFTY 50 Equal Weight Index to track general stock market performance in India. Please read the full Disclaimers in relation to the NIFTY 50 Equal Weight Index in the Prospectus and Statement of Additional Information.

------

## 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 II

- **b. Investment Company Act file number:** 811-22519

- **c. CIK number of Registrant:** 0001510337

- **d. LEI of Registrant:** 549300HROUDUV84QFV64

- **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 India NIFTY 50 Equal Weight ETF

- **b. EDGAR series identifier (if any):** S000036506

- **c. LEI of Series:** 549300M9B7C1EOSD8P55

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $152195113.85

**Total Liabilities:** $9226057.74

**Net Assets:** $142969056.11

**Cash Not Reported:** $7395912.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111811 | -3.99%               | 1.96%                | -11.99%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $191314.62               | $-7475233.21                               |
| Month 2  | $-17683.81               | $3629128.79                                |
| Month 3  | $931240.21               | $-23327132.00                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wipro Ltd.                                 | Wipro Ltd. INR2                                    | CUSIP: 000000000<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |   1466395 | NS      | $2952312.02   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd.                         | Bajaj Finance Ltd. INR1(POST SUBD)                 | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    325992 | NS      | $2789410.51   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.             | Tata Consultancy Services Ltd. INR1                | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    115377 | NS      | $2905269.06   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd.                            | Coal India Ltd. INR10                              | CUSIP: 000000000<br>LEI: 335800NLJQZNHM9LBB31 | Long             | EC               | CORP              | IN        |    626029 | NS      | $2993106.29   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle India Ltd.                          | Nestle India Ltd. INR1(POST SUB)                   | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |    233914 | NS      | $2906842.61   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                    | Hindustan Unilever Ltd. INR1                       | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |    132742 | NS      | $2893022.39   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Ports And Special Economic Zone Ltd. | Adani Ports And Special Economic Zone Ltd. LIMITED | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | EC               | CORP              | IN        |    205898 | NS      | $2880127.44   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                   | Reliance Industries Ltd. INR10(100%DEMAT)          | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    196039 | NS      | $2819347.53   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd.                       | Larsen & Toubro Ltd. INR2                          | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     78699 | NS      | $2925851.72   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd.                         | Eicher Motors Ltd. INR1                            | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     40281 | NS      | $2820416.50   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd.                   | Maruti Suzuki India Ltd. INR5                      | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |     22205 | NS      | $2912406.02   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd.                   | Hindalco Industries Ltd. INR1                      | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |    323837 | NS      | $3062353.99   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                 | Cipla Ltd. INR2                                    | CUSIP: 000000000<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |    226970 | NS      | $2957512.60   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                   | Mahindra & Mahindra Ltd. INR5                      | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     91303 | NS      | $2863861.74   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA Consumer Products Ltd.                | TATA Consumer Products Ltd. INR1(100%DEMAT)        | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |    262812 | NS      | $2826451.01   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Paints Ltd.                          | Asian Paints Ltd. INR1                             | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |    124822 | NS      | $2878480.10   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.         | Sun Pharmaceutical Industries Ltd. INR1(DEMAT)     | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |    157855 | NS      | $2952395.63   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd.                         | Tech Mahindra Ltd. INR5                            | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |    193179 | NS      | $2869549.96   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Life Insurance Co Ltd.                | HDFC Life Insurance Co Ltd. INR10                  | CUSIP: 000000000<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |    458984 | NS      | $2884426.74   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd.                   | InterGlobe Aviation Ltd. INR10                     | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |     66678 | NS      | $2814515.86   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                            | Tata Steel Ltd. INR1.00(POST SUBDIVISION)          | CUSIP: 000000000<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |   1450639 | NS      | $2976368.76   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                   | ITC Ltd. INR1                                      | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |    950275 | NS      | $2903776.35   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Enterprises Ltd.                     | Adani Enterprises Ltd. INR1                        | CUSIP: 000000000<br>LEI: 335800OTN96B3M38HC30 | Long             | EC               | CORP              | IN        |    152246 | NS      | $2838779.67   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                  | NTPC Ltd. INR10                                    | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |    736966 | NS      | $2902606.15   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corporation of India Ltd.       | Power Grid Corporation of India Ltd. INR10         | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | NUSS              | IN        |    925644 | NS      | $2914196.63   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.           | Apollo Hospitals Enterprise Ltd. INR5              | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     37335 | NS      | $2949538.31   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                         | Bharti Airtel Ltd. INR5                            | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    153581 | NS      | $2918560.11   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finserv Ltd                          | Bajaj Finserv Ltd INR1 (POST SUB)                  | CUSIP: 000000000<br>LEI: 3358001EH4I4IDMGQ326 | Long             | EC               | CORP              | IN        |    162384 | NS      | $2820613.87   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd.                       | Shriram Finance Ltd. INR2 (POST SUBD)              | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |    306294 | NS      | $2849705.83   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Trent Ltd.                                 | Trent Ltd. INR1                                    | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |     82234 | NS      | $2896069.29   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                             | HDFC Bank Ltd. INR1                                | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    361835 | NS      | $2834270.29   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Sbi Life Insurance Co Ltd.                 | Sbi Life Insurance Co Ltd. INR10                   | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |    150745 | NS      | $2851504.25   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                               | Infosys Ltd. INR5                                  | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    216512 | NS      | $2920279.80   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ultratech Cement Ltd.                      | Ultratech Cement Ltd. INR10                        | CUSIP: 000000000<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |     25712 | NS      | $2936797.70   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                            | Bajaj Auto Ltd. INR10                              | CUSIP: 000000000<br>LEI: 335800DLAO5NCNN8G863 | Long             | EC               | CORP              | IN        |     31104 | NS      | $2906031.26   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                            | ICICI Bank Ltd. INR2                               | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    221202 | NS      | $2839626.20   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd.                             | JSW Steel Ltd. INR1                                | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | EC               | CORP              | IN        |    244128 | NS      | $2926872.56   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Grasim Industries Ltd.                     | Grasim Industries Ltd. INR2                        | CUSIP: 000000000<br>LEI: 335800WLY7FOIT3ERV21 | Long             | EC               | CORP              | IN        |    108562 | NS      | $2946068.27   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                    | Bharat Electronics Ltd. INR1                       | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    667795 | NS      | $2857662.42   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                   | Kotak Mahindra Bank Ltd. INR1(POST SUBD)           | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |    754443 | NS      | $2839982.57   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd.                              | Titan Co Ltd. INR1                                 | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |     70975 | NS      | $2981142.10   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                             | Axis Bank Ltd. INR2                                | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    232051 | NS      | $2874003.30   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.              | Dr. Reddy's Laboratories Ltd. INR1 (POST SUBD)     | CUSIP: 000000000<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |    219726 | NS      | $2944943.86   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd.                               | Eternal Ltd. INR1.00                               | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |   1163182 | NS      | $2861692.44   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Motors Passenger Vehicles Ltd.        | Tata Motors Passenger Vehicles Ltd. INR 2          | CUSIP: 000000000<br>LEI: 335800BO2LHWJJ8TZI32 | Long             | EC               | CORP              | IN        |    889356 | NS      | $2817392.23   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd.              | Max Healthcare Institute Ltd. INR10                | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    285563 | NS      | $2930112.87   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Jio Financial Services Ltd.                | Jio Financial Services Ltd. INR10                  | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |   1189375 | NS      | $2840859.45   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                        | State Bank of India INR1                           | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |    268498 | NS      | $2800210.36   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd.                      | HCL Technologies Ltd. INR2                         | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |    201535 | NS      | $2900634.61   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp Ltd.                | Oil & Natural Gas Corp Ltd. INR5                   | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | EC               | CORP              | IN        |   1032522 | NS      | $3110687.68   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

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

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

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