# EDGAR Filing Document

**Accession Number:** 0001510337
**File Stem:** 0000940400-25-009816
**Filing Date:** 2025-11
**Character Count:** 427814
**Document Hash:** 07877fcc026a3db2ba85bec638b5c5b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009816.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009816

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**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:** 251513235

**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 Europe AlphaDEX Fund (Series ID: S000031796)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000099050 | First Trust Europe AlphaDEX Fund | FEP             |

## Nport-Ex

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

**Portfolio of Investments**

**September 30, 2025 (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%** |
|  | **Australia — 18.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356 | BHP Group Ltd. (AUD) | $66303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4229 | BlueScope Steel Ltd. (AUD) | 63494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13825 | Coles Group Ltd. (AUD) | 213057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1193 | &nbsp;&nbsp;&nbsp; Commonwealth Bank of <br> Australia (AUD) | 131752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4600 | Computershare Ltd. (AUD) | 110460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63291 | Evolution Mining Ltd. (AUD) | 453556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23422 | Fortescue Ltd. (AUD) | 289509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23346 | &nbsp;&nbsp;&nbsp; Insurance Australia Group Ltd. <br> (AUD) | 126674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2943 | JB Hi-Fi Ltd. (AUD) | 225896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60811 | Medibank Pvt., Ltd. (AUD) | 193950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19651 | &nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. <br> (AUD) | 308562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39923 | Qantas Airways Ltd. (AUD) | 288474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16438 | &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. <br> (AUD) | 223958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2338 | Rio Tinto Ltd. (AUD) | 188787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40541 | Santos Ltd. (AUD) | 180539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | Sigma Healthcare Ltd. (AUD) | 245656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13575 | &nbsp;&nbsp;&nbsp; Telix Pharmaceuticals Ltd. <br> (AUD) (c) | 130876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40909 | Vicinity Ltd. (AUD) | 68215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2851 | Westpac Banking Corp. (AUD) | 73517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19464 | &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. <br> (AUD) | 296611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88933 | &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. <br> (AUD) (d) | 311889 |
|  |  | 4191735 |
|  | **Bermuda — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61535 | China Gas Holdings Ltd. (HKD) | 60254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172800 | Kunlun Energy Co., Ltd. (HKD) | 154548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18700 | &nbsp;&nbsp;&nbsp; Orient Overseas International <br> Ltd. (HKD) | 303499 |
|  |  | 518301 |
|  | **Cayman Islands — 8.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54000 | &nbsp;&nbsp;&nbsp; C&D International Investment <br> Group Ltd. (HKD) | 124141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33738 | &nbsp;&nbsp;&nbsp; China Resources Land Ltd. <br> (HKD) | 131710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41798 | CK Asset Holdings Ltd. (HKD) | 202600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39689 | &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. <br> (HKD) | 261382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. <br> (HKD) | 329101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233000 | &nbsp;&nbsp;&nbsp; Sino Biopharmaceutical Ltd. <br> (HKD) | 243720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244203 | WH Group Ltd. (HKD) (e) (f) | 264539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284600 | &nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. <br> (HKD) | 329878 |
|  |  | 1887071 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Hong Kong — 11.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44538 | &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings <br> Ltd. (HKD) | $190355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55800 | &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. <br> (HKD) | 262008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130154 | &nbsp;&nbsp;&nbsp; China Merchants Port Holdings <br> Co., Ltd. (HKD) | 243685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31338 | &nbsp;&nbsp;&nbsp; China Overseas Land & <br> Investment Ltd. (HKD) | 57828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446800 | &nbsp;&nbsp;&nbsp; China Power International <br> Development Ltd. (HKD) | 185450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94154 | &nbsp;&nbsp;&nbsp; China Resources Power <br> Holdings Co., Ltd. (HKD) | 215847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147591 | &nbsp;&nbsp;&nbsp; China Taiping Insurance <br> Holdings Co., Ltd. (HKD) | 288660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6738 | CLP Holdings Ltd. (HKD) | 55804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14400 | &nbsp;&nbsp;&nbsp; Galaxy Entertainment Group <br> Ltd. (HKD) | 79347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151600 | &nbsp;&nbsp;&nbsp; Guangdong Investment Ltd. <br> (HKD) | 137730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2520 | &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & <br> Clearing Ltd. (HKD) | 143131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270477 | PCCW Ltd. (HKD) | 185255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11912 | &nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd. <br> (HKD) | 142663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31759 | &nbsp;&nbsp;&nbsp; Swire Pacific Ltd., Class A <br> (HKD) | 269149 |
|  |  | 2456912 |
|  | **New Zealand — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10811 | Contact Energy Ltd. (NZD) | 57036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2599 | EBOS Group Ltd. (NZD) | 44872 |
|  |  | 101908 |
|  | **Singapore — 8.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28728 | BOC Aviation Ltd. (HKD) (e) (f) | 256937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900 | &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. <br> (SGD) | 194298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100500 | Genting Singapore Ltd. (SGD) | 57264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8800 | &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp., <br> Ltd. (SGD) | 112153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142900 | Seatrium Ltd. (SGD) | 262547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11900 | Sembcorp Industries Ltd. (SGD) | 55536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22200 | Singapore Airlines Ltd. (SGD) | 112209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11300 | Singapore Exchange Ltd. (SGD) | 144803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55500 | &nbsp;&nbsp;&nbsp; Singapore Technologies <br> Engineering Ltd. (SGD) | 370445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. <br> (SGD) | 160843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22500 | Wilmar International Ltd. (SGD) | 49711 |
|  |  | 1776746 |
|  | **South Korea — 49.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232 | Alteogen, Inc. (KRW) (c) | 75732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2443 | Amorepacific Corp. (KRW) | 212950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2796 | DB Insurance Co., Ltd. (KRW) | 276003 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 10565 | &nbsp;&nbsp;&nbsp; Doosan Enerbility Co., Ltd. <br> (KRW) (c) | $472132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2771 | &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. <br> (KRW) | 172219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667 | &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co., Ltd. <br> (KRW) | 526260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6154 | &nbsp;&nbsp;&nbsp; Hanwha Ocean Co., Ltd. <br> (KRW) (c) | 483793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12863 | &nbsp;&nbsp;&nbsp; Hanwha Systems Co., Ltd. <br> (KRW) | 545489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822 | &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & <br> Offshore Engineering Co., <br> Ltd. (KRW) | 240791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21110 | HMM Co., Ltd. (KRW) | 301668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351 | HYBE Co., Ltd. (KRW) | 66545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2939 | &nbsp;&nbsp;&nbsp; Hyundai Glovis Co., Ltd. <br> (KRW) | 346467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1585 | Hyundai Mobis Co., Ltd. (KRW) | 337210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2094 | Hyundai Motor Co. (KRW) | 320880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3933 | &nbsp;&nbsp;&nbsp; Hyundai Rotem Co., Ltd. <br> (KRW) | 613896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11615 | Industrial Bank of Korea (KRW) | 161098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1045 | &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. <br> (KRW) | 86025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4474 | Kia Corp. (KRW) | 321109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3303 | &nbsp;&nbsp;&nbsp; Korea Aerospace Industries Ltd. <br> (KRW) | 254249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15258 | &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. <br> (KRW) | 392039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318 | Korea Zinc Co., Ltd. (KRW) | 208744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15509 | &nbsp;&nbsp;&nbsp; Korean Air Lines Co., Ltd. <br> (KRW) | 251473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494 | Krafton, Inc. (KRW) (c) | 102986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1634 | KT&G Corp. (KRW) | 155591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070 | LG Electronics, Inc. (KRW) | 57654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3385 | &nbsp;&nbsp;&nbsp; Meritz Financial Group, Inc. <br> (KRW) | 273830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593 | POSCO Holdings, Inc. (KRW) | 116652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp; Samsung Biologics Co., Ltd. <br> (KRW) (c) (e) (f) | 57558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279 | &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co., <br> Ltd. (KRW) | 176392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5715 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 341747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp; Samsung Fire & Marine <br> Insurance Co., Ltd. (KRW) | 74336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30632 | &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co., <br> Ltd. (KRW) (c) | 478130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2132 | Samsung SDS Co., Ltd. (KRW) | 249510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480 | &nbsp;&nbsp;&nbsp; Samyang Foods Co., Ltd. <br> (KRW) | 523089 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1755 | &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co., <br> Ltd. (KRW) | $88560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1732 | SK Hynix, Inc. (KRW) | 428973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4421 | SK Square Co., Ltd. (KRW) (c) | 634925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4464 | SK Telecom Co., Ltd. (KRW) | 172763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274 | SK, Inc. (KRW) | 190685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15015 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) | 277709 |
|  |  | 11067862 |
|  | **Switzerland — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10460 | &nbsp;&nbsp;&nbsp; BeOne Medicines Ltd., Class H <br> (HKD) (c) | 275817 |
|  | **Total Common Stocks** | 22276352 |
|  | (Cost $16,646,700) |  |

---

&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%** |
| $783 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $783. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $799. (h) | 783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1145 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,145. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $1,168. (h) | 1145 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $687 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $687. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $701. (h) | $687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,232. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $1,257. (h) | 1232 |
|  | **Total Repurchase Agreements** | 3847 |
|  | (Cost $3,847) |  |
|  | **Total Investments — 99.6%** | 22280199 |
|  | (Cost $16,650,547) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.4%** | 96544 |
|  | **Net Assets — 100.0%** | $22376743 |

---

&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) 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 $1,385 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $3,847.

&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) Rate shown reflects yield as of September 30, 2025.

&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: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| HKD | – Hong Kong Dollar |
| KRW | – South Korean Won |
| NZD | – New Zealand Dollar |
| 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; 36.6% |
| Financials | &nbsp;&nbsp; 15.5 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 7.8 |
| Materials | &nbsp;&nbsp;&nbsp; 7.6 |
| Utilities | &nbsp;&nbsp;&nbsp; 6.7 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 6.4 |
| Information Technology | &nbsp;&nbsp;&nbsp; 5.4 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.8 |
| Energy | &nbsp;&nbsp;&nbsp; 3.5 |
| All Other | &nbsp;&nbsp;&nbsp; 5.7 |
| &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; 49.7% |
| HKD | &nbsp;&nbsp; 24.2 |
| AUD | &nbsp;&nbsp; 18.8 |
| SGD | &nbsp;&nbsp;&nbsp; 6.8 |
| NZD | &nbsp;&nbsp;&nbsp; 0.5 |
| USD | &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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $22276352 | $22276352 | $— | $— |
| Repurchase Agreements | &nbsp;&nbsp; 3847 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3847 | &nbsp;&nbsp; — |
| Total Investments | $22280199 | $22276352 | $3847 | $— |

---

&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**

**September 30, 2025 (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 — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8097 | ANDRITZ AG (EUR) | $569428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17626 | &nbsp;&nbsp;&nbsp; BAWAG Group AG <br> (EUR) (c) (d) | 2317713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6570 | Erste Group Bank AG (EUR) | 641766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36547 | OMV AG (EUR) | 1948887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35297 | &nbsp;&nbsp;&nbsp; Raiffeisen Bank International <br> AG (EUR) | 1215866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6396 | Verbund AG (EUR) | 464822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51492 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) | 2832287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18606 | voestalpine AG (EUR) | 663634 |
|  |  | 10654403 |
|  | **Belgium — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2095 | &nbsp;&nbsp;&nbsp; Ackermans & van Haaren N.V. <br> (EUR) | 536202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15127 | Ageas S.A./N.V. (EUR) | 1046058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33050 | Colruyt Group N.V. (EUR) | 1300659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29849 | KBC Ancora (EUR) | 2361987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9967 | KBC Group N.V. (EUR) | 1187147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8869 | Sofina S.A. (EUR) | 2613583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38196 | &nbsp;&nbsp;&nbsp; Warehouses De Pauw C.V.A. <br> (EUR) | 954283 |
|  |  | 9999919 |
|  | **Bermuda — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89373 | Hiscox Ltd. (GBP) | 1645507 |
|  | **Denmark — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1303 | &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, <br> Class B (DKK) | 2554540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2331 | Genmab A/S (DKK) (e) | 706664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450032 | H. Lundbeck A/S (DKK) | 3223387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78919 | ISS A/S (DKK) | 2497386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; ROCKWOOL A/S, Class B <br> (DKK) | 40847 |
|  |  | 9022824 |
|  | **Finland — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55411 | Fortum Oyj (EUR) | 1047718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15262 | Orion Oyj, Class B (EUR) | 1167384 |
|  |  | 2215102 |
|  | **France — 7.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23786 | Arkema S.A. (EUR) | 1496835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10625 | AXA S.A. (EUR) | 506956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16329 | BNP Paribas S.A. (EUR) | 1482503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22995 | Bouygues S.A. (EUR) | 1034539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96559 | Carrefour S.A. (EUR) | 1461847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25833 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin S.C.A. (EUR) | 926257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99822 | Credit Agricole S.A. (EUR) | 1959523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7806 | Eiffage S.A. (EUR) | 996199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61143 | Elis S.A. (EUR) | 1757300 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23212 | Engie S.A. (EUR) | $497488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40617 | Klepierre S.A. (EUR) | 1581285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69800 | Orange S.A. (EUR) | 1131715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17986 | Renault S.A. (EUR) | 734855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30343 | Societe Generale S.A. (EUR) | 2007786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31924 | SPIE S.A. (EUR) | 1716606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18107 | Teleperformance SE (EUR) | 1346519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6818 | Thales S.A. (EUR) | 2134052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28068 | TotalEnergies SE (EUR) | 1704676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71970 | Vallourec SACA (EUR) | 1367578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9407 | Wendel SE (EUR) | 900112 |
|  |  | 26744631 |
|  | **Germany — 19.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4756 | Allianz SE (EUR) | 1995649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24045 | Aurubis AG (EUR) | 2998038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103110 | Auto1 Group SE (EUR) (e) | 3510643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28408 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) | 2849638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99816 | Commerzbank AG (EUR) | 3760605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34002 | Continental AG (EUR) | 2240320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22555 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) | 927357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95927 | Deutsche Bank AG (EUR) | 3373072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3077 | Deutsche Boerse AG (EUR) | 824025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312595 | Deutsche Lufthansa AG (EUR) | 2645359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24467 | Deutsche Telekom AG (EUR) | 833329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21207 | DHL Group (EUR) | 944636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36442 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) | 1766159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59975 | E.ON SE (EUR) | 1127678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14473 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide (EUR) (e) | 1249767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11919 | Freenet AG (EUR) | 380904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18345 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) | 961888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14978 | GEA Group AG (EUR) | 1105216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5314 | Heidelberg Materials AG (EUR) | 1195065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5697 | &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br> (Preference Shares) (EUR) | 459506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27118 | Hensoldt AG (EUR) | 3511729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13332 | HOCHTIEF AG (EUR) | 3565635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43721 | KION Group AG (EUR) | 2948954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38626 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 2424810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2156 | &nbsp;&nbsp;&nbsp; Muenchener <br> Rueckversicherungs-<br> Gesellschaft AG in Muenchen <br> (EUR) | 1375486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270 | Rheinmetall AG (EUR) | 2958984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63390 | RWE AG (EUR) | 2814687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4342 | Scout24 SE (EUR) (c) (d) | 543419 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 23326 | Siemens Energy AG (EUR) (e) | $2722713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21646 | Talanx AG (EUR) | 2876815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176935 | thyssenkrupp AG (EUR) | 2425261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17898 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 1932375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16573 | Wacker Chemie AG (EUR) | 1247231 |
|  |  | 66496953 |
|  | **Greece — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951427 | Alpha Bank S.A. (EUR) | 4036932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339382 | &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and <br> Holdings S.A. (EUR) | 1307722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83726 | &nbsp;&nbsp;&nbsp; Hellenic Telecommunications <br> Organization S.A. (EUR) | 1584577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44299 | &nbsp;&nbsp;&nbsp; National Bank of Greece S.A. <br> (EUR) | 643096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331718 | &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings S.A. <br> (EUR) | 2809526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60627 | Public Power Corp. S.A. (EUR) | 997934 |
|  |  | 11379787 |
|  | **Ireland — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140715 | AIB Group PLC (EUR) | 1274572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77202 | &nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC <br> (EUR) | 1270309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33715 | Ryanair Holdings PLC, ADR | 2030317 |
|  |  | 4575198 |
|  | **Italy — 11.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 752589 | A2A S.p.A. (EUR) | 1967732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32502 | Azimut Holding S.p.A. (EUR) | 1256579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8082 | Banca Generali S.p.A. (EUR) | 449954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56305 | &nbsp;&nbsp;&nbsp; Banca Mediolanum S.p.A. <br> (EUR) | 1127092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229322 | &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena <br> S.p.A. (EUR) | 2030041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223961 | Banco BPM S.p.A. (EUR) | 3345939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174186 | BPER Banca S.p.A. (EUR) | 1929697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47335 | Buzzi S.p.A. (EUR) | 2598632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133534 | Credito Emiliano S.p.A. (EUR) | 2147832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87836 | Eni S.p.A. (EUR) | 1533044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25857 | Generali (EUR) | 1014244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104657 | Hera S.p.A. (EUR) | 470603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353720 | Intesa Sanpaolo S.p.A. (EUR) | 2331417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46691 | Leonardo S.p.A. (EUR) | 2961254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89979 | Lottomatica Group S.p.A. (EUR) | 2421272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48494 | &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito <br> Finanziario S.p.A. (EUR) | 981267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170451 | Nexi S.p.A. (EUR) (c) (d) | 963771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229427 | Pirelli & C S.p.A. (EUR) (c) (d) | 1560669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76438 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (d) | 1811897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2693872 | Telecom Italia S.p.A. (EUR) (e) | 1408372 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24372 | UniCredit S.p.A. (EUR) | $1844746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85318 | &nbsp;&nbsp;&nbsp; Unipol Assicurazioni S.p.A. <br> (EUR) | 1829066 |
|  |  | 37985120 |
|  | **Luxembourg — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47446 | ArcelorMittal S.A. (EUR) | 1703432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92719 | Tenaris S.A. (EUR) | 1653539 |
|  |  | 3356971 |
|  | **Netherlands — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64870 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (c) (d) | 2075383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31606 | ASR Nederland N.V. (EUR) | 2144050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3131 | Euronext N.V. (EUR) (c) (d) | 468317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55558 | Iveco Group N.V. (EUR) | 1197261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12113 | &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize <br> N.V. (EUR) | 489924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31319 | Koninklijke Vopak N.V. (EUR) | 1435508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104657 | STMicroelectronics N.V. (EUR) | 2930519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55558 | Technip Energies N.V. (EUR) | 2614341 |
|  |  | 13355303 |
|  | **Norway — 4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76373 | Aker BP ASA (NOK) | 1936962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51874 | DNB Bank ASA (NOK) | 1411265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68384 | Equinor ASA (NOK) | 1667877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19701 | &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA <br> (NOK) | 577632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46552 | &nbsp;&nbsp;&nbsp; Kongsberg Gruppen ASA <br> (NOK) | 1487819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78975 | Norsk Hydro ASA (NOK) | 534965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43466 | Orkla ASA (NOK) | 453844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56243 | &nbsp;&nbsp;&nbsp; SpareBank 1 Sor-Norge ASA <br> (NOK) | 1002050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71636 | Storebrand ASA (NOK) | 1092534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94959 | Telenor ASA (NOK) | 1573840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84446 | Vend Marketplaces ASA (NOK) | 3002284 |
|  |  | 14741072 |
|  | **Portugal — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253918 | &nbsp;&nbsp;&nbsp; Banco Comercial Portugues <br> S.A., Class R (EUR) | 1993133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269041 | EDP S.A. (EUR) | 1275161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25793 | Galp Energia SGPS S.A. (EUR) | 487546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21359 | &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS S.A. <br> (EUR) | 519086 |
|  |  | 4274926 |
|  | **Spain — 9.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3466 | Acciona S.A. (EUR) | 695438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39680 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) | 3167878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166850 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) | 3200856 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 810980 | Banco de Sabadell S.A. (EUR) | $3142042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337821 | Banco Santander S.A. (EUR) | 3519605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204308 | Bankinter S.A. (EUR) | 3215437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233414 | CaixaBank S.A. (EUR) | 2451566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17087 | Endesa S.A. (EUR) | 545861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78336 | Indra Sistemas S.A. (EUR) | 3504082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402999 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) | 2092636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294601 | Mapfre S.A. (EUR) | 1393886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170174 | Repsol S.A. (EUR) | 3009887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1226927 | &nbsp;&nbsp;&nbsp; Unicaja Banco S.A. <br> (EUR) (c) (d) (f) | 3356313 |
|  |  | 33295487 |
|  | **Sweden — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69392 | Boliden AB (SEK) (e) | 2820819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63664 | Essity AB, Class B (SEK) | 1662200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37091 | &nbsp;&nbsp;&nbsp; Industrivarden AB, Class C <br> (SEK) | 1469157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76125 | Investor AB, Class B (SEK) | 2377693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46157 | Saab AB, Class B (SEK) | 2816664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44930 | SKF AB, Class B (SEK) | 1112941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372940 | SSAB AB, Class B (SEK) | 2162913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33511 | Tele2 AB, Class B (SEK) | 571485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1183534 | &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B <br> (SEK) (e) (f) | 2426934 |
|  |  | 17420806 |
|  | **Switzerland — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10408 | Avolta AG (CHF) | 562990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2588 | BKW AG (CHF) | 552354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29995 | Coca-Cola HBC AG (GBP) | 1413523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8759 | Helvetia Holding AG (CHF) | 2142299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2671 | Sulzer AG (CHF) | 452297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785 | Swisscom AG (CHF) | 569484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2373 | VZ Holding AG (CHF) | 496033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) | 926005 |
|  |  | 7114985 |
|  | **United Kingdom — 19.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38754 | 3i Group PLC (GBP) | 2131196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36328 | Anglogold Ashanti PLC (ZAR) | 2552699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8450 | Ashtead Group PLC (GBP) | 564242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91712 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) | 2529774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63102 | Aviva PLC (GBP) | 582010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193558 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) | 3462203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67395 | BAE Systems PLC (GBP) | 1866267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243461 | Barclays PLC (GBP) | 1242926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151172 | Beazley PLC (GBP) | 1844032 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29325 | &nbsp;&nbsp;&nbsp; Berkeley Group Holdings PLC <br> (GBP) | $1512887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211239 | BT Group PLC (GBP) | 543048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938307 | Centrica PLC (GBP) | 2102373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396044 | easyJet PLC (GBP) | 2471447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19260 | Endeavour Mining PLC (GBP) | 802986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114619 | Evraz PLC (GBP) (e) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192771 | Fresnillo PLC (GBP) | 6118480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166591 | Harbour Energy PLC (GBP) | 464676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120268 | HSBC Holdings PLC (GBP) | 1690270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147279 | IG Group Holdings PLC (GBP) | 2133273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36685 | Imperial Brands PLC (GBP) | 1558083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148954 | J Sainsbury PLC (GBP) | 669096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1547895 | JD Sports Fashion PLC (GBP) | 1983920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414931 | Kingfisher PLC (GBP) | 1722671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430218 | &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC <br> (GBP) | 2739572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310173 | NatWest Group PLC (GBP) | 2175862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3161 | Next PLC (GBP) | 526089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28764 | Pearson PLC (GBP) | 408704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38192 | Rio Tinto PLC (GBP) | 2510435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140323 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) | 2245772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37204 | Shell PLC (GBP) | 1324193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65936 | SSE PLC (GBP) (f) | 1544315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179294 | St. James's Place PLC (GBP) | 3062382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153725 | Standard Chartered PLC (GBP) | 2967820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1247650 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) | 2424658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172157 | UNITE Group (The) PLC (GBP) | 1664728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1922305 | Vodafone Group PLC (GBP) | 2227501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14305 | Whitbread PLC (GBP) | 619489 |
|  |  | 66990079 |
|  | **United States — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5141 | Autoliv, Inc., SDR (SEK) | 632359 |
|  | **Total Common Stocks** | 341901432 |
|  | (Cost $254,798,505) |  |
| **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; 47470 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 4.04% (j) | 47470 |
|  | (Cost $47,470) |  |

---

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.8%** | **REPURCHASE AGREEMENTS — 0.8%** | **REPURCHASE AGREEMENTS — 0.8%** |
| $528661 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $528,723. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $539,234. (k) | $528661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773708 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $773,798. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $789,182. (k) | 773708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463869 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $463,923. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $473,146. (k) | 463869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832123 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $832,220. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $848,765. (k) | 832123 |
|  | **Total Repurchase Agreements** | 2598361 |
|  | (Cost $2,598,361) |  |
|  | **Total Investments — 100.2%** | 344547263 |
|  | (Cost $257,444,336) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.2)%** | (619521)<br>|
|  | **Net Assets — 100.0%** | $343927742 |

---

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

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

&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 $2,445,688 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $2,598,361.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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;(h) 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 September 30, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&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 September 30, 2025.

&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)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 37.8% |
| Industrials | &nbsp;&nbsp; 19.1 |
| Materials | &nbsp;&nbsp;&nbsp; 9.2 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 8.9 |
| Energy | &nbsp;&nbsp;&nbsp; 6.1 |
| Utilities | &nbsp;&nbsp;&nbsp; 4.7 |
| Communication Services | &nbsp;&nbsp;&nbsp; 4.2 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 3.6 |
| Real Estate | &nbsp;&nbsp;&nbsp; 1.9 |
| All Other | &nbsp;&nbsp;&nbsp; 4.5 |
| &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; 63.9% |
| GBP | &nbsp;&nbsp; 20.2 |
| SEK | &nbsp;&nbsp;&nbsp; 5.2 |
| NOK | &nbsp;&nbsp;&nbsp; 4.3 |
| DKK | &nbsp;&nbsp;&nbsp; 2.6 |
| CHF | &nbsp;&nbsp;&nbsp; 1.7 |
| USD | &nbsp;&nbsp;&nbsp; 1.4 |
| ZAR | &nbsp;&nbsp;&nbsp; 0.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; United Kingdom | $66990079 | $66990079 | $— | $—\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| &nbsp;&nbsp; 274911353 | &nbsp;&nbsp; 274911353 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | &nbsp;&nbsp; 47470 | &nbsp;&nbsp; 47470 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 2598361 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2598361 | &nbsp;&nbsp; — |
| Total Investments | $344547263 | $341948902 | $2598361 | $—\*\* |

---

&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**

**September 30, 2025 (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%** |
|  | **Brazil — 44.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118117 | Ambev S.A. (BRL) | $268314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131349 | &nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao <br> (BRL) | 330702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41952 | &nbsp;&nbsp;&nbsp; Banco Bradesco S.A. (Preference <br> Shares) (BRL) | 139439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56565 | Banco do Brasil S.A. (BRL) | 234773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19892 | &nbsp;&nbsp;&nbsp; Banco Santander Brasil S.A. <br> (BRL) | 109883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39568 | &nbsp;&nbsp;&nbsp; BB Seguridade Participacoes <br> S.A. (BRL) | 247270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39092 | &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras <br> S.A. (BRL) | 385760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259029 | &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 542660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153178 | &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - <br> Copel, Class B (Preference <br> Shares) (BRL) | 370695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85869 | CSN Mineracao S.A. (BRL) | 89221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40420 | Embraer S.A. (BRL) | 609765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13770 | Engie Brasil Energia S.A. (BRL) | 105301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33220 | Equatorial Energia S.A. (BRL) | 230632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164254 | &nbsp;&nbsp;&nbsp; Gerdau S.A. (Preference Shares) <br> (BRL) | 512614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224985 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 484866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31648 | Localiza Rent a Car S.A. (BRL) | 234584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91328 | &nbsp;&nbsp;&nbsp; Motiva Infraestrutura de <br> Mobilidade S.A. (BRL) | 255336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28607 | &nbsp;&nbsp;&nbsp; Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 169097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53153 | Porto Seguro S.A. (BRL) | 497949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66775 | PRIO S.A. (BRL) (c) | 478394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18848 | &nbsp;&nbsp;&nbsp; Rede D'Or Sao Luiz S.A. <br> (BRL) (d) (e) | 149020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85334 | Telefonica Brasil S.A. (BRL) | 546259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88588 | TIM S.A. (BRL) | 391154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28123 | Vale S.A. (BRL) | 304255 |
|  |  | 7687943 |
|  | **Chile — 16.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7553 | &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones <br> S.A. (CLP) | 333880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1635683 | Banco Santander Chile (CLP) | 108339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152334 | Cencosud S.A. (CLP) | 433348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226521 | Empresas CMPC S.A. (CLP) | 333975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53950 | Empresas Copec S.A. (CLP) | 395045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1480414 | Enel Chile S.A. (CLP) | 114561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89590 | Falabella S.A. (CLP) | 531149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23748183 | &nbsp;&nbsp;&nbsp; Latam Airlines Group S.A. <br> (CLP) | 539715 |
|  |  | 2790012 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Colombia — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37456 | &nbsp;&nbsp;&nbsp; Grupo Cibest S.A. (Preference <br> Shares) (COP) | $487826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61110 | &nbsp;&nbsp;&nbsp; Interconexion Electrica S.A. ESP <br> (COP) | 364123 |
|  |  | 851949 |
|  | **Mexico — 30.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237762 | &nbsp;&nbsp;&nbsp; Alfa S.A.B. de C.V., Class A <br> (MXN) | 190589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35490 | &nbsp;&nbsp;&nbsp; Arca Continental S.A.B. de C.V. <br> (MXN) | 372118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657499 | &nbsp;&nbsp;&nbsp; Cemex S.A.B. de C.V., <br> Series CPO (MXN) | 588800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50747 | &nbsp;&nbsp;&nbsp; Coca-Cola Femsa S.A.B. de <br> C.V. (MXN) | 421056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98268 | &nbsp;&nbsp;&nbsp; El Puerto de Liverpool S.A.B. de <br> C.V., Series C1 (MXN) | 496075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79403 | &nbsp;&nbsp;&nbsp; Fibra Uno Administracion S.A. <br> de C.V. (MXN) | 117022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19500 | &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano <br> S.A.B. de C.V., Series UBD <br> (MXN) | 192290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10276 | &nbsp;&nbsp;&nbsp; Gruma S.A.B. de C.V., Class B <br> (MXN) | 190768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13377 | &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 134752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82563 | &nbsp;&nbsp;&nbsp; Grupo Financiero Inbursa S.A.B. <br> de C.V., Class O (MXN) | 227039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37110 | &nbsp;&nbsp;&nbsp; Grupo Mexico S.A.B. de C.V., <br> Series B (MXN) | 323653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp; Industrias Penoles S.A.B. de <br> C.V. (MXN) (c) | 1117345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144970 | &nbsp;&nbsp;&nbsp; Prologis Property Mexico S.A. <br> de C.V. (MXN) | 593543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18370 | &nbsp;&nbsp;&nbsp; Promotora y Operadora de <br> Infraestructura S.A.B. de C.V. <br> (MXN) | 250611 |
|  |  | 5215661 |
|  | **Netherlands — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32323 | JBS N.V., BDR (BRL) (c) | 483365 |
|  | **Total Investments — 99.3%** | 17028930 |
|  | (Cost $13,283,511) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.7%** | 112914 |
|  | **Net Assets — 100.0%** | $17141844 |

---

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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: |
| BDR | – Brazilian Depositary Receipt |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| MXN | – Mexican Peso |

---

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

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 19.6% |
| Materials | &nbsp;&nbsp; 19.2 |
| Consumer Staples | &nbsp;&nbsp; 15.0 |
| Utilities | &nbsp;&nbsp; 12.4 |
| Industrials | &nbsp;&nbsp; 11.1 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 8.3 |
| Communication Services | &nbsp;&nbsp;&nbsp; 5.5 |
| Real Estate | &nbsp;&nbsp;&nbsp; 4.2 |
| Energy | &nbsp;&nbsp;&nbsp; 3.8 |
| Health Care | &nbsp;&nbsp;&nbsp; 0.9 |
| &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; 48.0% |
| MXN | &nbsp;&nbsp; 30.6 |
| CLP | &nbsp;&nbsp; 16.4 |
| COP | &nbsp;&nbsp;&nbsp; 5.0 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $17028930 | $17028930 | $— | $— |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.6%** | **COMMON STOCKS (a) — 99.6%** | **COMMON STOCKS (a) — 99.6%** |
|  | **Air Freight & Logistics —** <br> **3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404463 | &nbsp;&nbsp;&nbsp; JD Logistics, Inc. <br> (HKD) (b) (c) (d) | $680866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2003481 | Sinotrans Ltd., Class H (HKD) | 1253793 |
|  |  | 1934659 |
|  | **Automobiles — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145733 | &nbsp;&nbsp;&nbsp; Zhejiang Leapmotor Technology <br> Co., Ltd., Class H <br> (HKD) (b) (c) (d) | 1242540 |
|  | **Banks — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326106 | &nbsp;&nbsp;&nbsp; Bank of Chongqing Co., Ltd., <br> Class H (HKD) | 308005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335232 | &nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> Class H (HKD) | 322225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 678318 | &nbsp;&nbsp;&nbsp; China Everbright Bank Co., Ltd., <br> Class H (HKD) | 282416 |
|  |  | 912646 |
|  | **Biotechnology — 11.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449655 | 3SBio, Inc. (HKD) (b) (d) | 1733454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101468 | &nbsp;&nbsp;&nbsp; Innovent Biologics, Inc. <br> (HKD) (b) (c) (d) | 1256949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195307 | &nbsp;&nbsp;&nbsp; Remegen Co., Ltd., Class H <br> (HKD) (b) (c) (d) (e) | 2941419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256067 | &nbsp;&nbsp;&nbsp; Shanghai Junshi Biosciences <br> Co., Ltd., Class H <br> (HKD) (b) (c) (d) (e) | 1002294 |
|  |  | 6934116 |
|  | **Capital Markets — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201682 | &nbsp;&nbsp;&nbsp; GF Securities Co., Ltd., Class H <br> (HKD) | 526108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991820 | &nbsp;&nbsp;&nbsp; Shenwan Hongyuan Group Co., <br> Ltd., Class H <br> (HKD) (b) (d) (e) | 457550 |
|  |  | 983658 |
|  | **Construction & Engineering** <br> **— 4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7592524 | &nbsp;&nbsp;&nbsp; China Energy Engineering <br> Corp., Ltd., Class H (HKD) | 1161034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2827367 | &nbsp;&nbsp;&nbsp; China Railway Group Ltd., <br> Class H (HKD) | 1427862 |
|  |  | 2588896 |
|  | **Construction Materials —** <br> **1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266482 | &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co., Ltd., <br> Class H (HKD) | 804725 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123584 | &nbsp;&nbsp;&nbsp; JD Health International, Inc. <br> (HKD) (b) (c) (d) | 1056077 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Diversified Telecommunication** <br> **Services — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947599 | &nbsp;&nbsp;&nbsp; China Tower Corp., Ltd., <br> Class H (HKD) (b) (d) | $1397906 |
|  | **Electrical Equipment — 5.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396583 | &nbsp;&nbsp;&nbsp; Dongfang Electric Corp., Ltd., <br> Class H (HKD) (e) | 846477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1423096 | &nbsp;&nbsp;&nbsp; Goldwind Science & <br> Technology Co., Ltd., Class H <br> (HKD) | 2560200 |
|  |  | 3406677 |
|  | **Energy Equipment & Services** <br> **— 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826056 | &nbsp;&nbsp;&nbsp; China Oilfield Services Ltd., <br> Class H (HKD) | 709084 |
|  | **Health Care Providers &** <br> **Services — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433933 | &nbsp;&nbsp;&nbsp; Sinopharm Group Co., Ltd., <br> Class H (HKD) | 1022665 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1329000 | &nbsp;&nbsp;&nbsp; Datang International Power <br> Generation Co., Ltd., Class H <br> (HKD) | 382547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638394 | &nbsp;&nbsp;&nbsp; Huadian Power International <br> Corp., Ltd., Class H (HKD) | 343727 |
|  |  | 726274 |
|  | **Insurance — 9.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10891283 | &nbsp;&nbsp;&nbsp; China Reinsurance Group Corp., <br> Class H (HKD) | 2169313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310817 | &nbsp;&nbsp;&nbsp; New China Life Insurance Co., <br> Ltd., Class H (HKD) | 1843666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225268 | &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of <br> China (The) Ltd., Class H <br> (HKD) | 1947336 |
|  |  | 5960315 |
|  | **Interactive Media & Services** <br> **— 5.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127393 | Baidu, Inc., Class A (HKD) (c) | 2180527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1177080 | Meitu, Inc. (HKD) (b) (d) | 1402159 |
|  |  | 3582686 |
|  | **Marine Transportation —** <br> **2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974175 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings <br> Co., Ltd., Class H (HKD) | 1515977 |
|  | **Metals & Mining — 16.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1007582 | &nbsp;&nbsp;&nbsp; Aluminum Corp. of China Ltd., <br> Class H (HKD) | 1044878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739152 | &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. <br> (HKD) | 2509447 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Metals & Mining (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666657 | &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H <br> (HKD) | $1344117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174521 | &nbsp;&nbsp;&nbsp; Jiangxi Copper Co., Ltd., <br> Class H (HKD) | 684005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487701 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (b) (d) | 2315059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255238 | &nbsp;&nbsp;&nbsp; Wanguo Gold Group Ltd. <br> (HKD) | 1274558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260455 | &nbsp;&nbsp;&nbsp; Zhaojin Mining Industry Co., <br> Ltd., Class H (HKD) | 1046245 |
|  |  | 10218309 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 12.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1463640 | &nbsp;&nbsp;&nbsp; China Coal Energy Co., Ltd., <br> Class H (HKD) | 1747276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586910 | &nbsp;&nbsp;&nbsp; China Petroleum & Chemical <br> Corp., Class H (HKD) | 1346319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1225650 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Energy <br> Transportation Co., Ltd., <br> Class H (HKD) (e) | 1420642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689077 | &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co., <br> Ltd., Class B (c) (f) | 1320272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1969347 | &nbsp;&nbsp;&nbsp; PetroChina Co., Ltd., Class H <br> (HKD) | 1791707 |
|  |  | 7626216 |
|  | **Passenger Airlines — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444910 | &nbsp;&nbsp;&nbsp; Air China Ltd., Class H <br> (HKD) (c) | 332741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523489 | &nbsp;&nbsp;&nbsp; China Eastern Airlines Corp., <br> Ltd., Class H (HKD) (c) | 1079835 |
|  |  | 1412576 |
|  | **Real Estate Management &** <br> **Development — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1147807 | &nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd. <br> (HKD) (b) (d) | 1752253 |
|  | **Software — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172075 | &nbsp;&nbsp;&nbsp; Kingdee International Software <br> Group Co., Ltd. (HKD) (c) | 387403 |
|  | **Specialty Retail — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49894 | &nbsp;&nbsp;&nbsp; Pop Mart International Group <br> Ltd. (HKD) (b) (d) | 1710589 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133012 | &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B <br> (HKD) (b) (c) (d) | 922988 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13154 | &nbsp;&nbsp;&nbsp; Laopu Gold Co., Ltd., Class H <br> (HKD) (e) | 1203509 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Transportation Infrastructure** <br> **— 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 807393 | &nbsp;&nbsp;&nbsp; Qingdao Port International Co., <br> Ltd., Class H (HKD) (b) (d) | $748052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1103556 | &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co., Ltd., <br> Class H (HKD) | 1019612 |
|  |  | 1767664 |
|  | **Total Common Stocks** | 61780408 |
|  | (Cost $50,010,488) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 9.1%** | **REPURCHASE AGREEMENTS — 9.1%** | **REPURCHASE AGREEMENTS — 9.1%** |
| $1153305 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,153,440. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $1,176,371. (h) | 1153305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1687885 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,688,082. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $1,721,643. (h) | 1687885 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $1011954 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,012,072. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $1,032,193. (h) | $1011954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1815324 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,815,535. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $1,851,631. (h) | 1815324 |
|  | **Total Repurchase Agreements** | 5668468 |
|  | (Cost $5,668,468) |  |
|  | **Total Investments — 108.7%** | 67448876 |
|  | (Cost $55,678,956) |  |
|  | **Net Other Assets and** <br> **Liabilities — (8.7)%** | (5420507)<br>|
|  | **Net Assets — 100.0%** | $62028369 |

---

&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 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;(c) Non-income producing security.

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

&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 $5,331,301 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $5,668,468.

&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;

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of September 30, 2025.

&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; 72.4% |
| Cayman Islands | &nbsp;&nbsp; 27.2 |
| United States | &nbsp;&nbsp;&nbsp; 4.6 |
| Canada | &nbsp;&nbsp;&nbsp; 2.9 |
| Japan | &nbsp;&nbsp;&nbsp; 1.6 |
| &nbsp;&nbsp;&nbsp; Total Investments | 108.7 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp; (8.7) |
| &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>|
| HKD | &nbsp;&nbsp; 89.6% |
| USD | &nbsp;&nbsp; 10.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $61780408 | $61780408 | $— | $— |
| Repurchase Agreements | &nbsp;&nbsp; 5668468 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5668468 | &nbsp;&nbsp; — |
| Total Investments | $67448876 | $61780408 | $5668468 | $— |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.0%** | **COMMON STOCKS (a) — 99.0%** | **COMMON STOCKS (a) — 99.0%** |
|  | **Air Freight & Logistics —** <br> **1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119900 | &nbsp;&nbsp;&nbsp; NIPPON EXPRESS <br> HOLDINGS, Inc. (JPY) | $2724981 |
|  | **Automobile Components —** <br> **5.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140800 | Aisin Corp. (JPY) | 2437353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14700 | Bridgestone Corp. (JPY) | 680702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44400 | Denso Corp. (JPY) | 641148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54200 | Niterra Co., Ltd. (JPY) (b) | 2094187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56000 | &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries <br> Ltd. (JPY) | 1597241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87300 | &nbsp;&nbsp;&nbsp; Yokohama Rubber (The) Co., <br> Ltd. (JPY) | 3237925 |
|  |  | 10688556 |
|  | **Automobiles — 6.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248700 | Honda Motor Co., Ltd. (JPY) (b) | 2574701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142000 | Isuzu Motors Ltd. (JPY) (b) | 1795104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172300 | Subaru Corp. (JPY) | 3530237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248700 | Suzuki Motor Corp. (JPY) | 3633339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104300 | Toyota Motor Corp. (JPY) | 2009689 |
|  |  | 13543070 |
|  | **Banks — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26200 | Rakuten Bank Ltd. (JPY) (c) | 1464975 |
|  | **Broadline Retail — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125200 | Ryohin Keikaku Co., Ltd. (JPY) | 2493248 |
|  | **Capital Markets — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68900 | SBI Holdings, Inc. (JPY) | 2998549 |
|  | **Chemicals — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337600 | Asahi Kasei Corp. (JPY) | 2658385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228700 | &nbsp;&nbsp;&nbsp; Mitsubishi Chemical Group <br> Corp. (JPY) | 1316511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26000 | Mitsui Chemicals, Inc. (JPY) (b) | 650857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62700 | NOF Corp. (JPY) | 1096831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164300 | Tosoh Corp. (JPY) (b) | 2432531 |
|  |  | 8155115 |
|  | **Commercial Services &** <br> **Supplies — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118700 | &nbsp;&nbsp;&nbsp; Dai Nippon Printing Co., Ltd. <br> (JPY) | 2019068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44100 | TOPPAN Holdings, Inc. (JPY) | 1131687 |
|  |  | 3150755 |
|  | **Construction & Engineering** <br> **— 8.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115200 | Kajima Corp. (JPY) | 3362094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | Kandenko Co., Ltd. (JPY) | 3565473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81700 | Kinden Corp. (JPY) | 2795981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39600 | Obayashi Corp. (JPY) | 650427 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Construction & Engineering** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161400 | Shimizu Corp. (JPY) | $2269543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51600 | Taisei Corp. (JPY) | 3548514 |
|  |  | 16192032 |
|  | **Consumer Finance — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22300 | Credit Saison Co., Ltd. (JPY) | 595632 |
|  | **Consumer Staples Distribution** <br> **& Retail — 4.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176700 | Aeon Co., Ltd. (JPY) | 2144751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37900 | &nbsp;&nbsp;&nbsp; Cosmos Pharmaceutical Corp. <br> (JPY) | 2214261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19300 | Kobe Bussan Co., Ltd. (JPY) | 530380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29200 | MatsukiyoCocokara & Co. (JPY) | 593142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131600 | Sugi Holdings Co., Ltd. (JPY) | 3173314 |
|  |  | 8655848 |
|  | **Electric Utilities — 5.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194700 | &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. <br> (JPY) | 2710146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253700 | &nbsp;&nbsp;&nbsp; Kansai Electric Power (The) Co., <br> Inc. (JPY) | 3634334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202000 | &nbsp;&nbsp;&nbsp; Kyushu Electric Power Co., Inc. <br> (JPY) (b) | 2020888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541700 | &nbsp;&nbsp;&nbsp; Tokyo Electric Power Co. <br> Holdings, Inc. (JPY) (c) | 2542841 |
|  |  | 10908209 |
|  | **Electrical Equipment — 3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26000 | Fuji Electric Co., Ltd. (JPY) | 1748277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45700 | Fujikura Ltd. (JPY) | 4466941 |
|  |  | 6215218 |
|  | **Entertainment — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35200 | Capcom Co., Ltd. (JPY) | 957565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15100 | Konami Group Corp. (JPY) | 2179971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20300 | Toho Co., Ltd. (JPY) | 1304054 |
|  |  | 4441590 |
|  | **Financial Services — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81700 | &nbsp;&nbsp;&nbsp; Mitsubishi HC Capital, Inc. <br> (JPY) | 675378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106600 | Tokyo Century Corp. (JPY) | 1360207 |
|  |  | 2035585 |
|  | **Food Products — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44300 | Ajinomoto Co., Inc. (JPY) | 1271919 |
|  | **Gas Utilities — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93900 | Osaka Gas Co., Ltd. (JPY) | 2723313 |
|  | **Ground Transportation —** <br> **4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134100 | Central Japan Railway Co. (JPY) | 3847492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64200 | &nbsp;&nbsp;&nbsp; Keisei Electric Railway Co., Ltd. <br> (JPY) | 595397 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Ground Transportation** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83900 | Seibu Holdings, Inc. (JPY) | $3036932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26200 | West Japan Railway Co. (JPY) | 574545 |
|  |  | 8054366 |
|  | **Health Care Technology —** <br> **0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87300 | M3, Inc. (JPY) | 1408512 |
|  | **Hotels, Restaurants & Leisure** <br> **— 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61800 | Food & Life Cos., Ltd. (JPY) | 3233232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262700 | Metaplanet, Inc. (JPY) (c) | 1021419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28800 | &nbsp;&nbsp;&nbsp; Skylark Holdings Co., Ltd. <br> (JPY) | 595728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | Zensho Holdings Co., Ltd. (JPY) | 654022 |
|  |  | 5504401 |
|  | **Household Durables — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53200 | &nbsp;&nbsp;&nbsp; Open House Group Co., Ltd. <br> (JPY) | 2753802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223000 | Panasonic Holdings Corp. (JPY) | 2427765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237700 | &nbsp;&nbsp;&nbsp; Sumitomo Forestry Co., Ltd. <br> (JPY) | 2831312 |
|  |  | 8012879 |
|  | **Industrial Conglomerates —** <br> **0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | Hikari Tsushin, Inc. (JPY) | 558272 |
|  | **Insurance — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79700 | &nbsp;&nbsp;&nbsp; Japan Post Insurance Co., Ltd. <br> (JPY) | 2259743 |
|  | **IT Services — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20500 | NEC Corp. (JPY) | 656926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59800 | SCSK Corp. (JPY) | 1790947 |
|  |  | 2447873 |
|  | **Leisure Products — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33500 | &nbsp;&nbsp;&nbsp; Bandai Namco Holdings, Inc. <br> (JPY) | 1115647 |
|  | **Machinery — 6.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62400 | Ebara Corp. (JPY) | 1427455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194600 | IHI Corp. (JPY) | 3631849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10500 | &nbsp;&nbsp;&nbsp; Japan Steel Works (The) Ltd. <br> (JPY) | 639010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39800 | &nbsp;&nbsp;&nbsp; Kawasaki Heavy Industries Ltd. <br> (JPY) (b) | 2629381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18300 | Komatsu Ltd. (JPY) | 638523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160300 | Kubota Corp. (JPY) | 2019400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72100 | &nbsp;&nbsp;&nbsp; Mitsubishi Heavy Industries Ltd. <br> (JPY) | 1891171 |
|  |  | 12876789 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Marine Transportation —** <br> **4.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212100 | &nbsp;&nbsp;&nbsp; Kawasaki Kisen Kaisha Ltd. <br> (JPY) (b) | $3020473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89900 | Mitsui OSK Lines Ltd. (JPY) (b) | 2731924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83600 | Nippon Yusen KK (JPY) | 2855351 |
|  |  | 8607748 |
|  | **Media — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210100 | CyberAgent, Inc. (JPY) | 2523161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78100 | &nbsp;&nbsp;&nbsp; Fuji Media Holdings, Inc. <br> (JPY) (b) | 1849980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25900 | &nbsp;&nbsp;&nbsp; Nippon Television Holdings, <br> Inc. (JPY) | 691087 |
|  |  | 5064228 |
|  | **Metals & Mining — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | JFE Holdings, Inc. (JPY) (b) | 1903895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275400 | Kobe Steel Ltd. (JPY) (b) | 3256158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634500 | Nippon Steel Corp. (JPY) (b) | 2615057 |
|  |  | 7775110 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363700 | ENEOS Holdings, Inc. (JPY) (b) | 2311537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198100 | Idemitsu Kosan Co., Ltd. (JPY) | 1360987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214000 | Inpex Corp. (JPY) | 3868019 |
|  |  | 7540543 |
|  | **Paper & Forest Products —** <br> **1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477700 | Oji Holdings Corp. (JPY) (b) | 2613242 |
|  | **Passenger Airlines — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61400 | ANA Holdings, Inc. (JPY) | 1187851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88400 | &nbsp;&nbsp;&nbsp; Japan Airlines Co., Ltd. <br> (JPY) (b) | 1783124 |
|  |  | 2970975 |
|  | **Pharmaceuticals — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12100 | Otsuka Holdings Co., Ltd. (JPY) | 643026 |
|  | **Professional Services — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35100 | BayCurrent, Inc. (JPY) | 2064915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1231800 | Persol Holdings Co., Ltd. (JPY) | 2246452 |
|  |  | 4311367 |
|  | **Real Estate Management &** <br> **Development — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84300 | &nbsp;&nbsp;&nbsp; Tokyu Fudosan Holdings Corp. <br> (JPY) | 698296 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24400 | Advantest Corp. (JPY) | 2417148 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 2.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174000 | Brother Industries Ltd. (JPY) | 2916178 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Technology Hardware, Storage** <br> **& Peripherals (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127000 | Ricoh Co., Ltd. (JPY) | $1121990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90600 | Seiko Epson Corp. (JPY) | 1162787 |
|  |  | 5200955 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47100 | Asics Corp. (JPY) | 1233196 |
|  | **Trading Companies &** <br> **Distributors — 4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59500 | Marubeni Corp. (JPY) | 1487852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58900 | Mitsui & Co., Ltd. (JPY) | 1465679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73400 | Sojitz Corp. (JPY) (b) | 1943635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93000 | Sumitomo Corp. (JPY) | 2696582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26500 | Toyota Tsusho Corp. (JPY) | 735051 |
|  |  | 8328799 |
|  | **Total Common Stocks** | 197901710 |
|  | (Cost $159,679,284) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213532 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (d) | 213532 |
|  | (Cost $213,532) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 15.6%** | **REPURCHASE AGREEMENTS — 15.6%** | **REPURCHASE AGREEMENTS — 15.6%** |
| $6337006 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (d), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $6,337,745. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $6,463,746. (e) | 6337006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9274351 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (d), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $9,275,433. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $9,459,838. (e) | 9274351 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $5560328 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (d), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $5,560,977. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $5,671,536. (e) | $5560328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9974573 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (d), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $9,975,734. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $10,174,065. (e) | 9974573 |
|  | **Total Repurchase Agreements** | 31146258 |
|  | (Cost $31,146,258) |  |
|  | **Total Investments — 114.7%** | 229261500 |
|  | (Cost $191,039,074) |  |
|  | **Net Other Assets and** <br> **Liabilities — (14.7)%** | (29387434)<br>|
|  | **Net Assets — 100.0%** | $199874066 |

---

&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) 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 $27,780,319 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $31,146,258.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Rate shown reflects yield as of September 30, 2025.

&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> 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)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| Japan | 101.8% |
| United States | &nbsp;&nbsp;&nbsp; 7.9 |
| Canada | &nbsp;&nbsp;&nbsp; 5.0 |
| &nbsp;&nbsp;&nbsp; Total Investments | 114.7 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | (14.7) |
| &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>|
| JPY | &nbsp;&nbsp; 86.3% |
| USD | &nbsp;&nbsp; 13.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $197901710 | $197901710 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 213532 | &nbsp;&nbsp; 213532 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 31146258 | &nbsp;&nbsp; — | &nbsp;&nbsp; 31146258 | &nbsp;&nbsp; — |
| Total Investments | $229261500 | $198115242 | $31146258 | $— |

---

&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**

**September 30, 2025 (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%** |
|  | **Australia — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627999 | Evolution Mining Ltd. (AUD) | $4500370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290507 | Fortescue Ltd. (AUD) | 3590825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48899 | &nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. <br> (AUD) | 767818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395930 | Qantas Airways Ltd. (AUD) | 2860895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40902 | &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. <br> (AUD) | 557265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30930 | Rio Tinto Ltd. (AUD) | 2497511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402258 | Santos Ltd. (AUD) | 1791351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622072 | Sigma Healthcare Ltd. (AUD) | 1222525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33772 | &nbsp;&nbsp;&nbsp; Telix Pharmaceuticals Ltd. <br> (AUD) (c) | 325595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193126 | &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. <br> (AUD) | 2943035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882427 | &nbsp;&nbsp;&nbsp; Yancoal Australia Ltd. <br> (AUD) (d) | 3094678 |
|  |  | 24151868 |
|  | **Austria — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21692 | &nbsp;&nbsp;&nbsp; BAWAG Group AG <br> (EUR) (e) (f) | 2852368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22556 | OMV AG (EUR) | 1202810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21792 | &nbsp;&nbsp;&nbsp; Raiffeisen Bank International <br> AG (EUR) | 750663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50693 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) | 2788338 |
|  |  | 7594179 |
|  | **Belgium — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18675 | Ageas S.A./N.V. (EUR) | 1291409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9216 | KBC Ancora (EUR) | 729273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6148 | KBC Group N.V. (EUR) | 732274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10914 | Sofina S.A. (EUR) | 3216219 |
|  |  | 5969175 |
|  | **Bermuda — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1710862 | Kunlun Energy Co., Ltd. (HKD) | 1530156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187847 | &nbsp;&nbsp;&nbsp; Orient Overseas International <br> Ltd. (HKD) | 3048732 |
|  |  | 4578888 |
|  | **Canada — 6.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15410 | Agnico Eagle Mines Ltd. (CAD) | 2595462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62491 | &nbsp;&nbsp;&nbsp; Alamos Gold, Inc., Class A <br> (CAD) | 2178227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16795 | Capital Power Corp. (CAD) (d) | 788642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7055 | Celestica, Inc. (CAD) (c) | 1736097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120139 | Cenovus Energy, Inc. (CAD) | 2039868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25133 | Definity Financial Corp. (CAD) | 1291775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33309 | &nbsp;&nbsp;&nbsp; Empire Co., Ltd., Class A <br> (CAD) | 1195505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1157 | &nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. <br> (CAD) | 2024189 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Canada (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9826 | George Weston Ltd. (CAD) | $599360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176704 | Kinross Gold Corp. (CAD) | 4385540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72556 | Lundin Gold, Inc. (CAD) | 4700995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49125 | Magna International, Inc. (CAD) | 2327587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95235 | MEG Energy Corp. (CAD) | 1921534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66156 | Open Text Corp. (CAD) | 2472828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86189 | &nbsp;&nbsp;&nbsp; Pan American Silver Corp. <br> (CAD) | 3339924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78706 | &nbsp;&nbsp;&nbsp; Power Corp. of Canada <br> (CAD) (d) | 3405673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5565 | RB Global, Inc. (CAD) | 602765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28836 | Suncor Energy, Inc. (CAD) | 1206732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14383 | &nbsp;&nbsp;&nbsp; Wheaton Precious Metals Corp. <br> (CAD) | 1609548 |
|  |  | 40422251 |
|  | **Cayman Islands — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168405 | &nbsp;&nbsp;&nbsp; China Resources Land Ltd. <br> (HKD) | 657437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1294445 | &nbsp;&nbsp;&nbsp; China State Construction <br> International Holdings Ltd. <br> (HKD) | 1648424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276233 | CK Asset Holdings Ltd. (HKD) | 1338933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296905 | &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. <br> (HKD) | 1955343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1301154 | &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. <br> (HKD) | 3268790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410542 | &nbsp;&nbsp;&nbsp; SITC International Holdings Co., <br> Ltd. (HKD) | 1580560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3031835 | WH Group Ltd. (HKD) (e) (f) | 3284314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2822247 | &nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. <br> (HKD) (d) | 3271245 |
|  |  | 17005046 |
|  | **Denmark — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1605 | &nbsp;&nbsp;&nbsp; A.P. Moller - Maersk A/S, <br> Class B (DKK) | 3146613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332289 | H. Lundbeck A/S (DKK) | 2380045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97120 | ISS A/S (DKK) | 3073355 |
|  |  | 8600013 |
|  | **Finland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18843 | Orion Oyj, Class B (EUR) | 1441293 |
|  | **France — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7340 | Arkema S.A. (EUR) | 461901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13115 | AXA S.A. (EUR) | 625763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20094 | BNP Paribas S.A. (EUR) | 1824325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39725 | Carrefour S.A. (EUR) | 601413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92131 | Credit Agricole S.A. (EUR) | 1808548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9634 | Eiffage S.A. (EUR) | 1229487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25159 | Elis S.A. (EUR) | 723090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16719 | Klepierre S.A. (EUR) | 650898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37340 | Societe Generale S.A. (EUR) | 2470775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39287 | SPIE S.A. (EUR) | 2112527 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11176 | Teleperformance SE (EUR) | $831098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8390 | Thales S.A. (EUR) | 2626092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25905 | TotalEnergies SE (EUR) | 1573309 |
|  |  | 17539226 |
|  | **Germany — 9.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5852 | Allianz SE (EUR) | 2455538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29590 | Aurubis AG (EUR) | 3689414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101511 | Auto1 Group SE (EUR) (c) | 3456201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27968 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) | 2805502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122834 | Commerzbank AG (EUR) | 4627817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20908 | Continental AG (EUR) | 1377584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118051 | Deutsche Bank AG (EUR) | 4151016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1901 | Deutsche Boerse AG (EUR) | 509091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307746 | Deutsche Lufthansa AG (EUR) | 2604324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30205 | Deutsche Telekom AG (EUR) | 1028761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22497 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (e) (f) | 1090315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9246 | GEA Group AG (EUR) | 682255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6540 | Heidelberg Materials AG (EUR) | 1470780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33372 | Hensoldt AG (EUR) | 4321610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16406 | HOCHTIEF AG (EUR) | 4387774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26901 | KION Group AG (EUR) | 1814455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47533 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 2983962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1772 | &nbsp;&nbsp;&nbsp; Muenchener <br> Rueckversicherungs-<br> Gesellschaft AG in Muenchen <br> (EUR) | 1130502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562 | Rheinmetall AG (EUR) | 3639318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78008 | RWE AG (EUR) | 3463766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38274 | Siemens Energy AG (EUR) (c) | 4467509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26637 | Talanx AG (EUR) | 3540133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217737 | thyssenkrupp AG (EUR) | 2984537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16520 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 1783598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6819 | Wacker Chemie AG (EUR) | 513176 |
|  |  | 64978938 |
|  | **Greece — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1170834 | Alpha Bank S.A. (EUR) | 4967883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418949 | &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and <br> Holdings S.A. (EUR) | 1614312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408215 | &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings S.A. <br> (EUR) | 3457426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74834 | Public Power Corp. S.A. (EUR) | 1231785 |
|  |  | 11271406 |
|  | **Hong Kong — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589011 | &nbsp;&nbsp;&nbsp; Beijing Enterprises Holdings <br> Ltd. (HKD) | 2517429 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Hong Kong (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276519 | &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. <br> (HKD) | $1298390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1292714 | &nbsp;&nbsp;&nbsp; China Merchants Port Holdings <br> Co., Ltd. (HKD) | 2420324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2964253 | &nbsp;&nbsp;&nbsp; China Power International <br> Development Ltd. (HKD) | 1230352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937707 | &nbsp;&nbsp;&nbsp; China Resources Power <br> Holdings Co., Ltd. (HKD) | 2149679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367517 | &nbsp;&nbsp;&nbsp; China Taiping Insurance <br> Holdings Co., Ltd. (HKD) | 718793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1518883 | &nbsp;&nbsp;&nbsp; Guangdong Investment Ltd. <br> (HKD) | 1379924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341113 | MTR Corp., Ltd. (HKD) | 1156337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315324 | &nbsp;&nbsp;&nbsp; Swire Pacific Ltd., Class A <br> (HKD) | 2672289 |
|  |  | 15543517 |
|  | **Ireland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86850 | AIB Group PLC (EUR) | 786672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47655 | &nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC <br> (EUR) | 784132 |
|  |  | 1570804 |
|  | **Israel — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124239 | Bank Hapoalim BM (ILS) | 2525140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166518 | Bank Leumi Le-Israel BM (ILS) | 3282399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5820 | Elbit Systems Ltd. (ILS) | 2946724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80889 | &nbsp;&nbsp;&nbsp; Israel Discount Bank Ltd., <br> Class A (ILS) | 799561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150702 | Phoenix Financial Ltd. (ILS) | 5641884 |
|  |  | 15195708 |
|  | **Italy — 5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464501 | A2A S.p.A. (EUR) | 1214492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9974 | Banca Generali S.p.A. (EUR) | 555289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34754 | &nbsp;&nbsp;&nbsp; Banca Mediolanum S.p.A. <br> (EUR) | 695692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282205 | &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena <br> S.p.A. (EUR) | 2498181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275607 | Banco BPM S.p.A. (EUR) | 4117522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214356 | BPER Banca S.p.A. (EUR) | 2374715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46602 | Buzzi S.p.A. (EUR) | 2558391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164326 | Credito Emiliano S.p.A. (EUR) | 2643107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36145 | Eni S.p.A. (EUR) | 630856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15953 | Generali (EUR) | 625758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326467 | Intesa Sanpaolo S.p.A. (EUR) | 2151788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57458 | Leonardo S.p.A. (EUR) | 3644122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110730 | Lottomatica Group S.p.A. (EUR) | 2979667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29926 | &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito <br> Finanziario S.p.A. (EUR) | 605547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94398 | Pirelli & C S.p.A. (EUR) (e) (f) | 642139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94065 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (e) (f) | 2229730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1662700 | Telecom Italia S.p.A. (EUR) (c) | 869270 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29993 | UniCredit S.p.A. (EUR) | $2270207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104994 | &nbsp;&nbsp;&nbsp; Unipol Assicurazioni S.p.A. <br> (EUR) | 2250884 |
|  |  | 35557357 |
|  | **Japan — 22.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102600 | Aisin Corp. (JPY) | 1776083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59700 | ANA Holdings, Inc. (JPY) | 1154963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79700 | Asahi Kasei Corp. (JPY) | 627587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66600 | &nbsp;&nbsp;&nbsp; Bandai Namco Holdings, Inc. <br> (JPY) | 2217973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24900 | BayCurrent, Inc. (JPY) | 1464854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14000 | Bridgestone Corp. (JPY) | 648288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145600 | Central Japan Railway Co. (JPY) | 4177441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205200 | &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. <br> (JPY) | 2856302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157000 | &nbsp;&nbsp;&nbsp; Dai Nippon Printing Co., Ltd. <br> (JPY) | 2670545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73300 | &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. <br> (JPY) | 577934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90200 | Denso Corp. (JPY) | 1302513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213000 | ENEOS Holdings, Inc. (JPY) (d) | 1353746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26600 | Fuji Electric Co., Ltd. (JPY) | 1788622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41500 | &nbsp;&nbsp;&nbsp; Hitachi Construction Machinery <br> Co., Ltd. (JPY) (d) | 1328471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | Honda Motor Co., Ltd. (JPY) (d) | 3209318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279700 | IHI Corp. (JPY) | 5220083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202400 | Inpex Corp. (JPY) | 3658351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82600 | Isuzu Motors Ltd. (JPY) (d) | 1044195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65200 | &nbsp;&nbsp;&nbsp; Japan Airlines Co., Ltd. <br> (JPY) (d) | 1315154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54700 | &nbsp;&nbsp;&nbsp; Japan Post Insurance Co., Ltd. <br> (JPY) | 1550915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181700 | JFE Holdings, Inc. (JPY) (d) | 2231856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234600 | &nbsp;&nbsp;&nbsp; Kansai Electric Power (The) Co., <br> Inc. (JPY) | 3360720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46700 | &nbsp;&nbsp;&nbsp; Kawasaki Heavy Industries Ltd. <br> (JPY) (d) | 3085228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205700 | &nbsp;&nbsp;&nbsp; Kawasaki Kisen Kaisha Ltd. <br> (JPY) (d) | 2929332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308900 | &nbsp;&nbsp;&nbsp; Keisei Electric Railway Co., Ltd. <br> (JPY) (d) | 2864769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192400 | Kobe Steel Ltd. (JPY) (d) | 2274818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38400 | Komatsu Ltd. (JPY) | 1339852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9700 | Konami Group Corp. (JPY) | 1400379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136400 | Kubota Corp. (JPY) | 1718316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191200 | &nbsp;&nbsp;&nbsp; Kyushu Electric Power Co., Inc. <br> (JPY) (d) | 1912840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | LY Corp. (JPY) | 1062400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139900 | Marubeni Corp. (JPY) | 3498328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226600 | &nbsp;&nbsp;&nbsp; Mitsubishi Chemical Group <br> Corp. (JPY) | 1304423 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31800 | Mitsubishi Corp. (JPY) | $759278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83300 | &nbsp;&nbsp;&nbsp; Mitsubishi HC Capital, Inc. <br> (JPY) (d) | 688604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp; Mitsubishi Heavy Industries Ltd. <br> (JPY) | 1731170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82900 | &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, <br> Inc. (JPY) | 1342006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89200 | Mitsui & Co., Ltd. (JPY) | 2219671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49900 | Mitsui Chemicals, Inc. (JPY) (d) | 1249145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80400 | Mitsui OSK Lines Ltd. (JPY) (d) | 2443234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61800 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. <br> (JPY) | 2084447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61400 | &nbsp;&nbsp;&nbsp; NIPPON EXPRESS <br> HOLDINGS, Inc. (JPY) | 1395445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649400 | Nippon Steel Corp. (JPY) (d) | 2676467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27400 | &nbsp;&nbsp;&nbsp; Nippon Television Holdings, <br> Inc. (JPY) | 731111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84600 | Nippon Yusen KK (JPY) (d) | 2889506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221100 | &nbsp;&nbsp;&nbsp; Nissan Motor Co., Ltd. <br> (JPY) (c) (d) | 543910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55100 | Niterra Co., Ltd. (JPY) (d) | 2128961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576900 | NTT, Inc. (JPY) | 603485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398100 | Oji Holdings Corp. (JPY) (d) | 2177793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155800 | &nbsp;&nbsp;&nbsp; Ono Pharmaceutical Co., Ltd. <br> (JPY) (d) | 1794147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27200 | ORIX Corp. (JPY) | 714003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23900 | Osaka Gas Co., Ltd. (JPY) | 693154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93500 | Panasonic Holdings Corp. (JPY) | 1017919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51700 | Rakuten Bank Ltd. (JPY) (c) | 2890809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129000 | Resona Holdings, Inc. (JPY) | 1317608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163800 | Ryohin Keikaku Co., Ltd. (JPY) | 3261933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36300 | Sanrio Co., Ltd. (JPY) | 1706199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17500 | Sanwa Holdings Corp. (JPY) | 501268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | Seiko Epson Corp. (JPY) | 449200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83300 | &nbsp;&nbsp;&nbsp; Skylark Holdings Co., Ltd. <br> (JPY) | 1723060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75600 | Sojitz Corp. (JPY) (d) | 2001891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73400 | Sompo Holdings, Inc. (JPY) | 2270717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66400 | &nbsp;&nbsp;&nbsp; Sony Financial Group, Inc. <br> (JPY) (c) | 73636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66400 | Sony Group Corp. (JPY) | 1912281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157300 | Subaru Corp. (JPY) | 3222903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000 | Sumitomo Corp. (JPY) | 695892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135100 | &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries <br> Ltd. (JPY) | 3853344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166300 | &nbsp;&nbsp;&nbsp; Sumitomo Forestry Co., Ltd. <br> (JPY) | 1980846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21500 | &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial <br> Group, Inc. (JPY) | 607120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184100 | Suzuki Motor Corp. (JPY) | 2689577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78900 | T&D Holdings, Inc. (JPY) | 1932419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12700 | Taisei Corp. (JPY) | 873375 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 22000 | Toho Co., Ltd. (JPY) | $1413260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56600 | Tokyo Century Corp. (JPY) | 722211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580900 | &nbsp;&nbsp;&nbsp; Tokyo Electric Power Co. <br> Holdings, Inc. (JPY) (c) | 2726854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162000 | Tosoh Corp. (JPY) (d) | 2398479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94900 | Toyota Motor Corp. (JPY) | 1828566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100200 | Toyota Tsusho Corp. (JPY) | 2779325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | Yamaha Motor Co., Ltd. (JPY) | 525408 |
|  |  | 145168236 |
|  | **Luxembourg — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57236 | Tenaris S.A. (EUR) | 1020739 |
|  | **Netherlands — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79829 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (e) (f) | 2553966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38896 | ASR Nederland N.V. (EUR) | 2638580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34287 | Iveco Group N.V. (EUR) | 738876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14960 | &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize <br> N.V. (EUR) | 605074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103035 | STMicroelectronics N.V. (EUR) | 2885101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68370 | Technip Energies N.V. (EUR) | 3217223 |
|  |  | 12638820 |
|  | **Norway — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70489 | Aker BP ASA (NOK) | 1787732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63835 | DNB Bank ASA (NOK) | 1736672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42215 | Equinor ASA (NOK) | 1029619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57288 | &nbsp;&nbsp;&nbsp; Kongsberg Gruppen ASA <br> (NOK) | 1830945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69422 | &nbsp;&nbsp;&nbsp; SpareBank 1 Sor-Norge ASA <br> (NOK) | 1236852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88428 | Storebrand ASA (NOK) | 1348632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83136 | Vend Marketplaces ASA (NOK) | 2955710 |
|  |  | 11926162 |
|  | **Portugal — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1854874 | &nbsp;&nbsp;&nbsp; Banco Comercial Portugues <br> S.A., Class R (EUR) | 1640259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26367 | &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS S.A. <br> (EUR) | 640795 |
|  |  | 2281054 |
|  | **Singapore — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285358 | BOC Aviation Ltd. (HKD) (e) (f) | 2552178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1063500 | Seatrium Ltd. (SGD) | 1953948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109900 | Singapore Airlines Ltd. (SGD) | 555485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440500 | &nbsp;&nbsp;&nbsp; Singapore Technologies <br> Engineering Ltd. (SGD) | 2940195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 946700 | &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding <br> Holdings Ltd. (SGD) | 2473258 |
|  |  | 10475064 |
|  | **South Korea — 12.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32325 | Amorepacific Corp. (KRW) | 2817681 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36994 | DB Insurance Co., Ltd. (KRW) | $3651808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6622 | &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co., Ltd. <br> (KRW) | 5224727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60510 | &nbsp;&nbsp;&nbsp; Hanwha Ocean Co., Ltd. <br> (KRW) (c) | 4756960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102107 | &nbsp;&nbsp;&nbsp; Hanwha Systems Co., Ltd. <br> (KRW) | 4330114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209464 | HMM Co., Ltd. (KRW) | 2993303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36451 | &nbsp;&nbsp;&nbsp; Hyundai Glovis Co., Ltd. <br> (KRW) | 4297064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15727 | Hyundai Mobis Co., Ltd. (KRW) | 3345932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20776 | Hyundai Motor Co. (KRW) | 3183664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39019 | &nbsp;&nbsp;&nbsp; Hyundai Rotem Co., Ltd. <br> (KRW) | 6090418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44389 | Kia Corp. (KRW) | 3185897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113546 | &nbsp;&nbsp;&nbsp; Korea Electric Power Corp. <br> (KRW) | 2917454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153881 | &nbsp;&nbsp;&nbsp; Korean Air Lines Co., Ltd. <br> (KRW) | 2495130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16259 | KT&G Corp. (KRW) | 1548200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20150 | &nbsp;&nbsp;&nbsp; Meritz Financial Group, Inc. <br> (KRW) | 1630038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2953 | POSCO Holdings, Inc. (KRW) | 580897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14054 | Samsung C&T Corp. (KRW) | 1849092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6359 | &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co., <br> Ltd. (KRW) | 876994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70885 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 4238802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303938 | &nbsp;&nbsp;&nbsp; Samsung Heavy Industries Co., <br> Ltd. (KRW) (c) | 4744123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4362 | Samsung SDI Co., Ltd. (KRW) | 637333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21154 | Samsung SDS Co., Ltd. (KRW) | 2475669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2860 | &nbsp;&nbsp;&nbsp; Samyang Foods Co., Ltd. <br> (KRW) | 3116738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17188 | SK Hynix, Inc. (KRW) | 4257033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43866 | SK Square Co., Ltd. (KRW) (c) | 6299846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59057 | SK Telecom Co., Ltd. (KRW) | 2285589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49814 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) | 921331 |
|  |  | 84751837 |
|  | **Spain — 5.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48829 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) | 3898294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205328 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) | 3939019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997998 | Banco de Sabadell S.A. (EUR) | 3866620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415725 | Banco Santander S.A. (EUR) | 4331252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251423 | Bankinter S.A. (EUR) | 3956942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287241 | CaixaBank S.A. (EUR) | 3016916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96401 | Indra Sistemas S.A. (EUR) | 4312155 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 165824 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) | $861067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181838 | Mapfre S.A. (EUR) | 860355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167534 | Repsol S.A. (EUR) | 2963193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1509866 | &nbsp;&nbsp;&nbsp; Unicaja Banco S.A. <br> (EUR) (d) (e) (f) | 4130305 |
|  |  | 36136118 |
|  | **Sweden — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68315 | Boliden AB (SEK) (c) | 2777038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19639 | Essity AB, Class B (SEK) | 512754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74944 | Investor AB, Class B (SEK) | 2340806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56800 | Saab AB, Class B (SEK) | 3466137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367154 | SSAB AB, Class B (SEK) | 2129356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1456466 | &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B <br> (SEK) (c) (d) | 2986603 |
|  |  | 14212694 |
|  | **Switzerland — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52275 | &nbsp;&nbsp;&nbsp; BeOne Medicines Ltd., Class H <br> (HKD) (c) | 1378425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24680 | Coca-Cola HBC AG (GBP) | 1163052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13474 | Helvetia Holding AG (CHF) | 3295506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1603 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) | 1140958 |
|  |  | 6977941 |
|  | **United Kingdom — 8.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35768 | 3i Group PLC (GBP) | 1966987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29804 | Anglogold Ashanti PLC (ZAR) | 2094270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90289 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) | 2490522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178646 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) | 3195470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82937 | BAE Systems PLC (GBP) | 2296648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300535 | Barclays PLC (GBP) | 1534303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139958 | Beazley PLC (GBP) | 1707241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866015 | Centrica PLC (GBP) | 1940395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292426 | easyJet PLC (GBP) | 1824836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237226 | Fresnillo PLC (GBP) | 7529465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148003 | HSBC Holdings PLC (GBP) | 2080064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90898 | IG Group Holdings PLC (GBP) | 1316618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30194 | Imperial Brands PLC (GBP) | 1282397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2990645 | &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC <br> (GBP) | 3371338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477127 | NatWest Group PLC (GBP) | 3347044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37600 | Rio Tinto PLC (GBP) | 2471522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172681 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) | 2763639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15316 | Shell PLC (GBP) | 545139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220642 | St. James's Place PLC (GBP) | 3768615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189176 | Standard Chartered PLC (GBP) | 3652238 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1228296 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) | $2387046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159384 | UNITE Group (The) PLC (GBP) | 1541216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1774204 | Vodafone Group PLC (GBP) | 2055886 |
|  |  | 57162899 |
|  | **Total Common Stocks** | 654171233 |
|  | (Cost $482,759,791) |  |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1772968 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 1772968 |
|  | (Cost $1,772,968) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 7.4%** | **REPURCHASE AGREEMENTS — 7.4%** | **REPURCHASE AGREEMENTS — 7.4%** |
| $9912625 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $9,913,781. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $10,110,877. (h) | 9912625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14507351 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $14,509,044. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $14,797,498. (h) | 14507351 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $8697710 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $8,698,725. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $8,871,666. (h) | $8697710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15602668 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $15,604,484. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $15,914,722. (h) | 15602668 |
|  | **Total Repurchase Agreements** | 48720354 |
|  | (Cost $48,720,354) |  |
|  | **Total Investments — 107.1%** | 704664555 |
|  | (Cost $533,253,113) |  |
|  | **Net Other Assets and** <br> **Liabilities — (7.1)%** | (47012145)<br>|
|  | **Net Assets — 100.0%** | $657652410 |

---

&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) 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 $44,476,344 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $48,720,354.

&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;

&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) Rate shown reflects yield as of September 30, 2025.

&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: | 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; 27.1% |
| Financials | &nbsp;&nbsp; 25.5 |
| Materials | &nbsp;&nbsp; 10.6 |
| Consumer Discretionary | &nbsp;&nbsp; 10.2 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 6.9 |
| Energy | &nbsp;&nbsp;&nbsp; 4.5 |
| Utilities | &nbsp;&nbsp;&nbsp; 4.5 |
| Information Technology | &nbsp;&nbsp;&nbsp; 3.5 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 2.8 |
| All Other | &nbsp;&nbsp;&nbsp; 4.4 |
| &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)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 28.0% |
| JPY | &nbsp;&nbsp; 20.6 |
| KRW | &nbsp;&nbsp; 12.0 |
| GBP | &nbsp;&nbsp;&nbsp; 8.1 |
| USD | &nbsp;&nbsp;&nbsp; 7.2 |
| HKD | &nbsp;&nbsp;&nbsp; 5.8 |
| CAD | &nbsp;&nbsp;&nbsp; 5.8 |
| AUD | &nbsp;&nbsp;&nbsp; 3.4 |
| ILS | &nbsp;&nbsp;&nbsp; 2.2 |
| SEK | &nbsp;&nbsp;&nbsp; 2.0 |
| NOK | &nbsp;&nbsp;&nbsp; 1.7 |
| DKK | &nbsp;&nbsp;&nbsp; 1.2 |
| SGD | &nbsp;&nbsp;&nbsp; 1.1 |
| CHF | &nbsp;&nbsp;&nbsp; 0.6 |
| ZAR | &nbsp;&nbsp;&nbsp; 0.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $654171233 | $654171233 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 1772968 | &nbsp;&nbsp; 1772968 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 48720354 | &nbsp;&nbsp; — | &nbsp;&nbsp; 48720354 | &nbsp;&nbsp; — |
| Total Investments | $704664555 | $655944201 | $48720354 | $— |

---

&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**

**September 30, 2025 (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 — 9.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364544 | &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras <br> S.A. (BRL) | $3597323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415489 | &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 5060398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476137 | &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - <br> Copel, Class B (Preference <br> Shares) (BRL) | 1152265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376926 | Embraer S.A. (BRL) | 5686202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1531701 | &nbsp;&nbsp;&nbsp; Gerdau S.A. (Preference Shares) <br> (BRL) | 4780225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2098025 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 4521461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133385 | &nbsp;&nbsp;&nbsp; Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 788443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371744 | Porto Seguro S.A. (BRL) | 3482579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622686 | PRIO S.A. (BRL) (c) | 4461087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596810 | Telefonica Brasil S.A. (BRL) | 3820436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550718 | TIM S.A. (BRL) | 2431655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262253 | Vale S.A. (BRL) | 2837245 |
|  |  | 42619319 |
|  | **Cayman Islands — 17.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 714511 | &nbsp;&nbsp;&nbsp; AAC Technologies Holdings, <br> Inc. (HKD) | 4199684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212049 | &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br> (HKD) | 4823042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149689 | Baidu, Inc., Class A (HKD) (c) | 2562157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2103905 | &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. <br> (HKD) | 7142833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386647 | &nbsp;&nbsp;&nbsp; Giant Biogene Holding Co., Ltd. <br> (HKD) (d) (e) | 2807208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327659 | &nbsp;&nbsp;&nbsp; Haitian International Holdings <br> Ltd. (HKD) | 902731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1608206 | &nbsp;&nbsp;&nbsp; JD Logistics, Inc. <br> (HKD) (c) (d) (e) | 2707226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167503 | JD.com, Inc., Class A (HKD) | 2981151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1022771 | &nbsp;&nbsp;&nbsp; Kingdee International Software <br> Group Co., Ltd. (HKD) (c) | 2302630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536493 | Kingsoft Corp., Ltd. (HKD) | 2386727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423087 | Li Ning Co., Ltd. (HKD) | 959047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1372864 | &nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd. <br> (HKD) (d) (e) | 2095827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215087 | &nbsp;&nbsp;&nbsp; Pop Mart International Group <br> Ltd. (HKD) (d) (e) | 7374143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283050 | &nbsp;&nbsp;&nbsp; Sunny Optical Technology <br> Group Co., Ltd. (HKD) | 3289904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1590275 | &nbsp;&nbsp;&nbsp; Tingyi Cayman Islands Holding <br> Corp. (HKD) | 2129372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256811 | &nbsp;&nbsp;&nbsp; Uni-President China Holdings <br> Ltd. (HKD) | 2383848 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Cayman Islands (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995706 | &nbsp;&nbsp;&nbsp; Wuxi Biologics Cayman, Inc. <br> (HKD) (c) (d) (e) | $5243420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606812 | &nbsp;&nbsp;&nbsp; WuXi XDC Cayman, Inc. <br> (HKD) (c) | 6105588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684335 | &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B <br> (HKD) (c) (d) (e) | 4748693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427171 | XPeng, Inc., Class A (HKD) (c) | 5113240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944984 | Zai Lab Ltd. (HKD) (c) (f) | 3239827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1968799 | &nbsp;&nbsp;&nbsp; Zhongsheng Group Holdings <br> Ltd. (HKD) | 3688676 |
|  |  | 79186974 |
|  | **Chile — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1136436 | Cencosud S.A. (CLP) | 3232843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112350 | Empresas CMPC S.A. (CLP) | 3114378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503094 | Empresas Copec S.A. (CLP) | 3683868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835444 | Falabella S.A. (CLP) | 4953071 |
| &nbsp;&nbsp; 166092083 | &nbsp;&nbsp;&nbsp; Latam Airlines Group S.A. <br> (CLP) | 3774702 |
|  |  | 18758862 |
|  | **China — 25.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877408 | &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., <br> Class H (HKD) | 1941209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2764139 | &nbsp;&nbsp;&nbsp; Aluminum Corp. of China Ltd., <br> Class H (HKD) | 2866454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611929 | &nbsp;&nbsp;&nbsp; Anhui Conch Cement Co., Ltd., <br> Class H (HKD) | 1847908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5742564 | &nbsp;&nbsp;&nbsp; Bank of China Ltd., Class H <br> (HKD) | 3143598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 967643 | &nbsp;&nbsp;&nbsp; Bank of Communications Co., <br> Ltd., Class H (HKD) | 811970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257126 | BYD Co., Ltd., Class H (HKD) | 3641155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1105444 | &nbsp;&nbsp;&nbsp; China CITIC Bank Corp., Ltd., <br> Class H (HKD) | 950330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3395926 | &nbsp;&nbsp;&nbsp; China Coal Energy Co., Ltd., <br> Class H (HKD) | 4054016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1957310 | &nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> Class H (HKD) | 1881364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5344479 | &nbsp;&nbsp;&nbsp; China Eastern Airlines Corp., <br> Ltd., Class H (HKD) (c) (f) | 2286974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19997996 | &nbsp;&nbsp;&nbsp; China Energy Engineering <br> Corp., Ltd., Class H (HKD) (f) | 3058053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4248300 | &nbsp;&nbsp;&nbsp; China Everbright Bank Co., Ltd., <br> Class H (HKD) | 1768772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1923554 | &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp., <br> Ltd., Class H (HKD) | 1015916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2100660 | &nbsp;&nbsp;&nbsp; China Oilfield Services Ltd., <br> Class H (HKD) | 1803200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4927427 | &nbsp;&nbsp;&nbsp; China Petroleum & Chemical <br> Corp., Class H (HKD) | 2564406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5888963 | &nbsp;&nbsp;&nbsp; China Railway Group Ltd., <br> Class H (HKD) | 2974013 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 28053505 | &nbsp;&nbsp;&nbsp; China Reinsurance Group Corp., <br> Class H (HKD) | $5587665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2574565 | &nbsp;&nbsp;&nbsp; China Tower Corp., Ltd., <br> Class H (HKD) (d) (e) | 3798021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5239368 | &nbsp;&nbsp;&nbsp; China Zheshang Bank Co., Ltd., <br> Class H (HKD) | 1737041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2550770 | &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial <br> Bank Co., Ltd., Class H <br> (HKD) | 1969960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2137402 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Energy <br> Transportation Co., Ltd., <br> Class H (HKD) (f) | 2477447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1650247 | &nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings <br> Co., Ltd., Class H (HKD) | 2568057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4129846 | &nbsp;&nbsp;&nbsp; Datang International Power <br> Generation Co., Ltd., Class H <br> (HKD) | 1188758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7102172 | &nbsp;&nbsp;&nbsp; Dongfeng Motor Group Co., <br> Ltd., Class H (HKD) (c) | 8213821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2096576 | &nbsp;&nbsp;&nbsp; Guangzhou Automobile Group <br> Co., Ltd., Class H (HKD) (f) | 916012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1490252 | &nbsp;&nbsp;&nbsp; Huadian Power International <br> Corp., Ltd., Class H (HKD) | 802390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1605949 | &nbsp;&nbsp;&nbsp; Inner Mongolia Yitai Coal Co., <br> Ltd., Class B (c) (g) | 3076998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728790 | &nbsp;&nbsp;&nbsp; Jiangsu Expressway Co., Ltd., <br> Class H (HKD) | 844735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985681 | &nbsp;&nbsp;&nbsp; Jiangxi Copper Co., Ltd., <br> Class H (HKD) | 3863205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5024786 | &nbsp;&nbsp;&nbsp; People's Insurance Co. Group of <br> China (The) Ltd., Class H <br> (HKD) | 4397200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5352387 | &nbsp;&nbsp;&nbsp; PetroChina Co., Ltd., Class H <br> (HKD) | 4869589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1872003 | &nbsp;&nbsp;&nbsp; PICC Property & Casualty Co., <br> Ltd., Class H (HKD) | 4224182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1455802 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (d) (e) (f) | 6910521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270504 | &nbsp;&nbsp;&nbsp; Shanghai Fudan <br> Microelectronics Group Co., <br> Ltd., Class H (HKD) | 1582295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1119609 | &nbsp;&nbsp;&nbsp; Sinopharm Group Co., Ltd., <br> Class H (HKD) | 2638623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7182144 | Sinotrans Ltd., Class H (HKD) | 4494637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411347 | &nbsp;&nbsp;&nbsp; Weichai Power Co., Ltd., <br> Class H (HKD) | 737385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869660 | &nbsp;&nbsp;&nbsp; Zhaojin Mining Industry Co., <br> Ltd., Class H (HKD) | 3493414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4248230 | &nbsp;&nbsp;&nbsp; Zhejiang Expressway Co., Ltd., <br> Class H (HKD) | 3925080 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **China (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669903 | &nbsp;&nbsp;&nbsp; Zhejiang Leapmotor Technology <br> Co., Ltd., Class H <br> (HKD) (c) (d) (e) | $5711687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209048 | &nbsp;&nbsp;&nbsp; Zhuzhou CRRC Times Electric <br> Co., Ltd., Class H (HKD) | 1149744 |
|  |  | 117787805 |
|  | **Colombia — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87321 | &nbsp;&nbsp;&nbsp; Grupo Cibest S.A. (Preference <br> Shares) (COP) | 1137267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379907 | &nbsp;&nbsp;&nbsp; Interconexion Electrica S.A. ESP <br> (COP) | 2263670 |
|  |  | 3400937 |
|  | **Hong Kong — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668068 | &nbsp;&nbsp;&nbsp; BYD Electronic International <br> Co., Ltd. (HKD) | 3548973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1284092 | Lenovo Group Ltd. (HKD) | 1905854 |
|  |  | 5454827 |
|  | **Hungary — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992913 | &nbsp;&nbsp;&nbsp; Magyar Telekom <br> Telecommunications PLC <br> (HUF) | 5302574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571233 | &nbsp;&nbsp;&nbsp; MOL Hungarian Oil & Gas PLC <br> (HUF) | 4639564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25832 | OTP Bank Nyrt (HUF) | 2231057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125885 | Richter Gedeon Nyrt (HUF) | 3831308 |
|  |  | 16004503 |
|  | **India — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82799 | Bajaj Finance Ltd. (INR) | 931514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36848 | Bajaj Finserv Ltd. (INR) | 832671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1062463 | &nbsp;&nbsp;&nbsp; Bharat Petroleum Corp., Ltd. <br> (INR) | 4064316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81042 | BSE Ltd. (INR) | 1862194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831079 | Canara Bank (INR) | 1157948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34067 | &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. <br> (INR) | 764571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219337 | Tata Motors Ltd. (INR) | 1680315 |
|  |  | 11293529 |
|  | **Indonesia — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14562833 | &nbsp;&nbsp;&nbsp; Astra International Tbk PT <br> (IDR) | 5046526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17837960 | &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk <br> PT (IDR) | 3275377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3042426 | United Tractors Tbk PT (IDR) | 4888146 |
|  |  | 13210049 |
|  | **Malaysia — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1153200 | &nbsp;&nbsp;&nbsp; YTL Power International Bhd <br> (MYR) | 1153611 |
|  | **Mexico — 7.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248212 | &nbsp;&nbsp;&nbsp; Arca Continental S.A.B. de C.V. <br> (MXN) | 2602543 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Mexico (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6131298 | &nbsp;&nbsp;&nbsp; Cemex S.A.B. de C.V., <br> Series CPO (MXN) | $5490665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473220 | &nbsp;&nbsp;&nbsp; Coca-Cola Femsa S.A.B. de <br> C.V. (MXN) | 3926381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916363 | &nbsp;&nbsp;&nbsp; El Puerto de Liverpool S.A.B. de <br> C.V., Series C1 (MXN) | 4625973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233133 | &nbsp;&nbsp;&nbsp; Industrias Penoles S.A.B. de <br> C.V. (MXN) (c) | 10419601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1351873 | &nbsp;&nbsp;&nbsp; Prologis Property Mexico S.A. <br> de C.V. (MXN) | 5534902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171302 | &nbsp;&nbsp;&nbsp; Promotora y Operadora de <br> Infraestructura S.A.B. de C.V. <br> (MXN) | 2336970 |
|  |  | 34937035 |
|  | **Morocco — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24045 | Attijariwafa Bank (MAD) | 1969136 |
|  | **Netherlands — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301422 | JBS N.V., BDR (BRL) (c) | 4507525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360307 | NEPI Rockcastle N.V. (ZAR) | 2885168 |
|  |  | 7392693 |
|  | **Philippines — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167580 | Ayala Corp. (PHP) | 1390165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270120 | Manila Electric Co. (PHP) | 2459856 |
|  |  | 3850021 |
|  | **Poland — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237336 | Bank Millennium S.A. (PLN) (c) | 942906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57366 | CCC S.A. (PLN) (c) (f) | 2867787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223037 | &nbsp;&nbsp;&nbsp; Dino Polska S.A. <br> (PLN) (c) (d) (e) | 2684679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190 | LPP S.A. (PLN) | 924216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197234 | ORLEN S.A. (PLN) | 4695001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44627 | &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci <br> Bank Polski S.A. (PLN) | 865368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179782 | &nbsp;&nbsp;&nbsp; Powszechny Zaklad <br> Ubezpieczen S.A. (PLN) | 2688828 |
|  |  | 15668785 |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 76383797 | &nbsp;&nbsp;&nbsp; Inter RAO UES PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11679 | &nbsp;&nbsp;&nbsp; Magnit PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4142443 | &nbsp;&nbsp;&nbsp; Magnitogorsk Iron & Steel <br> Works PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp; 262800255 | &nbsp;&nbsp;&nbsp; RusHydro PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403137 | &nbsp;&nbsp;&nbsp; Tatneft PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
|  |  | 0 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Africa — 3.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117774 | Gold Fields Ltd. (ZAR) | $4972081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298622 | &nbsp;&nbsp;&nbsp; Harmony Gold Mining Co., Ltd. <br> (ZAR) | 5444362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252794 | &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. <br> (ZAR) | 3228357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129156 | MTN Group Ltd. (ZAR) | 1084402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456699 | OUTsurance Group Ltd. (ZAR) | 1896081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66480 | &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. <br> (ZAR) | 909971 |
|  |  | 17535254 |
|  | **Taiwan — 6.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141541 | Asustek Computer, Inc. (TWD) | 3116150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137149 | &nbsp;&nbsp;&nbsp; Catcher Technology Co., Ltd. <br> (TWD) | 821238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2554020 | China Airlines Ltd. (TWD) | 1747205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1456665 | &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co., <br> Ltd. (TWD) | 2050362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2125726 | Eva Airways Corp. (TWD) | 2657332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651536 | &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan <br> Ltd. (TWD) | 3826529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1746670 | &nbsp;&nbsp;&nbsp; Far Eastern New Century Corp. <br> (TWD) | 1593196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1692131 | &nbsp;&nbsp;&nbsp; KGI Financial Holding Co., Ltd. <br> (TWD) | 830020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17414 | &nbsp;&nbsp;&nbsp; King Slide Works Co., Ltd. <br> (TWD) | 1879784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1930530 | &nbsp;&nbsp;&nbsp; United Microelectronics Corp. <br> (TWD) | 2885217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1837131 | Wan Hai Lines Ltd. (TWD) | 4478602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1930963 | &nbsp;&nbsp;&nbsp; Yang Ming Marine Transport <br> Corp. (TWD) | 3357866 |
|  |  | 29243501 |
|  | **Thailand — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199000 | Bangkok Bank PCL (THB) | 915013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3700600 | &nbsp;&nbsp;&nbsp; Charoen Pokphand Foods PCL <br> (THB) | 2546625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3654500 | Krung Thai Bank PCL (THB) | 2796840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1260000 | &nbsp;&nbsp;&nbsp; PTT Exploration & Production <br> PCL (THB) | 4490974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3669700 | PTT PCL (THB) | 3765392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188200 | Siam Cement (The) PCL (THB) | 1335781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5018500 | True Corp. PCL (THB) (c) | 1610628 |
|  |  | 17461253 |
|  | **Turkey — 5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1369890 | &nbsp;&nbsp;&nbsp; Aselsan Elektronik Sanayi Ve <br> Ticaret A/S (TRY) | 7083834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2064413 | &nbsp;&nbsp;&nbsp; Enka Insaat ve Sanayi A/S <br> (TRY) | 3495533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4376106 | &nbsp;&nbsp;&nbsp; Eregli Demir ve Celik <br> Fabrikalari T.A.S. (TRY) (f) | 3094421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930594 | &nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi A/S <br> (TRY) (f) | 2216966 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Turkey (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528134 | Turk Hava Yollari AO (TRY) | $4001280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1371606 | &nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri A/S <br> (TRY) | 3228007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6855169 | &nbsp;&nbsp;&nbsp; Turkiye Vakiflar Bankasi TAO, <br> Class D (TRY) (c) | 4220874 |
|  |  | 27340915 |
|  | **Total Common Stocks** | 464269009 |
|  | (Cost $375,019,266) |  |
| **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) (g) (h) | 94940 |
|  | (Cost $0) |  |
| **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; 89307 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 4.04% (j) | 89307 |
|  | (Cost $89,307) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 1.7%** | **REPURCHASE AGREEMENTS — 1.7%** | **REPURCHASE AGREEMENTS — 1.7%** |
| $1628983 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $1,629,173. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $1,661,563. (k) | 1628983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384051 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $2,384,329. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $2,431,732. (k) | 2384051 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $1429333 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $1,429,500. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $1,457,920. (k) | $1429333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564050 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $2,564,348. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $2,615,331. (k) | 2564050 |
|  | **Total Repurchase Agreements** | 8006417 |
|  | (Cost $8,006,417) |  |
|  | **Total Investments — 101.3%** | 472459673 |
|  | (Cost $383,114,990) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.3)%** | (6090540)<br>|
|  | **Net Assets — 100.0%** | $466369133 |

---

&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) 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 $4,698,003 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $8,006,417.

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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;(h) 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 September 30, 2025, securities noted as such are valued at $94,940 or 0.0% of net assets.

&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 September 30, 2025.

&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: |
| BDR | – Brazilian Depositary Receipt |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| HKD | – Hong Kong Dollar |
| HUF | – Hungarian Forint |
| IDR | – Indonesian Rupiah |
| INR | – Indian Rupee |
| MAD | – Moroccan Dirham |
| 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>|
| Industrials | &nbsp;&nbsp; 16.1% |
| Materials | &nbsp;&nbsp; 15.0 |
| Financials | &nbsp;&nbsp; 14.1 |
| Consumer Discretionary | &nbsp;&nbsp; 13.6 |
| Energy | &nbsp;&nbsp; 10.7 |
| Information Technology | &nbsp;&nbsp;&nbsp; 6.4 |
| Communication Services | &nbsp;&nbsp;&nbsp; 6.2 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 5.7 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.5 |
| All Other | &nbsp;&nbsp;&nbsp; 7.7 |
| &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; 42.2% |
| BRL | &nbsp;&nbsp; 10.0 |
| MXN | &nbsp;&nbsp;&nbsp; 7.4 |
| TWD | &nbsp;&nbsp;&nbsp; 6.2 |
| TRY | &nbsp;&nbsp;&nbsp; 5.8 |
| ZAR | &nbsp;&nbsp;&nbsp; 4.3 |
| CLP | &nbsp;&nbsp;&nbsp; 4.0 |
| THB | &nbsp;&nbsp;&nbsp; 3.7 |
| HUF | &nbsp;&nbsp;&nbsp; 3.4 |
| PLN | &nbsp;&nbsp;&nbsp; 3.3 |
| IDR | &nbsp;&nbsp;&nbsp; 2.8 |
| INR | &nbsp;&nbsp;&nbsp; 2.4 |
| USD | &nbsp;&nbsp;&nbsp; 2.3 |
| PHP | &nbsp;&nbsp;&nbsp; 0.8 |
| COP | &nbsp;&nbsp;&nbsp; 0.7 |
| MAD | &nbsp;&nbsp;&nbsp; 0.4 |
| MYR | &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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Russia | $—\*\* | $— | $— | $—\*\* |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp; 17461253 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17461253 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| &nbsp;&nbsp; 446807756 | &nbsp;&nbsp; 446807756 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Warrants\* | &nbsp;&nbsp; 94940 | &nbsp;&nbsp; — | &nbsp;&nbsp; 94940 | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 89307 | &nbsp;&nbsp; 89307 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 8006417 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8006417 | &nbsp;&nbsp; — |
| Total Investments | $472459673 | $446897063 | $25562610 | $—\*\* |

---

&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**

**September 30, 2025 (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%** |
|  | **Aerospace & Defense — 11.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25051 | Hensoldt AG (EUR) | $3244057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3881 | MTU Aero Engines AG (EUR) | 1781136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1358 | Rheinmetall AG (EUR) | 3164017 |
|  |  | 8189210 |
|  | **Air Freight & Logistics —** <br> **2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37337 | DHL Group (EUR) | 1663124 |
|  | **Automobile Components —** <br> **3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34123 | Continental AG (EUR) | 2248292 |
|  | **Automobiles — 14.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32335 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) | 3243560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46543 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (b) (c) | 2255703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49105 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 3082647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21781 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 2351606 |
|  |  | 10933516 |
|  | **Banks — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72890 | Commerzbank AG (EUR) | 2746158 |
|  | **Capital Markets — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58165 | Deutsche Bank AG (EUR) | 2045250 |
|  | **Chemicals — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55772 | Evonik Industries AG (EUR) | 967129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10427 | &nbsp;&nbsp;&nbsp; FUCHS SE (Preference Shares) <br> (EUR) | 466170 |
|  |  | 1433299 |
|  | **Construction & Engineering** <br> **— 4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11668 | HOCHTIEF AG (EUR) | 3120599 |
|  | **Construction Materials —** <br> **1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4893 | Heidelberg Materials AG (EUR) | 1100386 |
|  | **Diversified Telecommunication** <br> **Services — 4.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47272 | Deutsche Telekom AG (EUR) | 1610051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61929 | United Internet AG (EUR) | 1952935 |
|  |  | 3562986 |
|  | **Electrical Equipment — 7.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87040 | Nordex SE (EUR) (d) | 2227734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24883 | Siemens Energy AG (EUR) (d) | 2904453 |
|  |  | 5132187 |
|  | **Health Care Providers &** <br> **Services — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10040 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) | 526430 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68868 | RWE AG (EUR) | $3057925 |
|  | **Industrial Conglomerates —** <br> **0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2242 | Siemens AG (EUR) | 603307 |
|  | **Insurance — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1418 | Allianz SE (EUR) | 595002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17762 | Talanx AG (EUR) | 2360621 |
|  |  | 2955623 |
|  | **Interactive Media & Services** <br> **— 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8335 | Scout24 SE (EUR) (b) (c) | 1043159 |
|  | **IT Services — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12277 | Bechtle AG (EUR) | 565600 |
|  | **Machinery — 10.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24297 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) | 998980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36637 | &nbsp;&nbsp;&nbsp; Jungheinrich AG (Preference <br> Shares) (EUR) | 1271488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20661 | KION Group AG (EUR) | 1393571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6971 | Krones AG (EUR) | 1014856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28765 | RENK Group AG (EUR) | 2958734 |
|  |  | 7637629 |
|  | **Metals & Mining — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27633 | Aurubis AG (EUR) | 3445406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106995 | thyssenkrupp AG (EUR) | 1466588 |
|  |  | 4911994 |
|  | **Multi-Utilities — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62464 | E.ON SE (EUR) | 1174477 |
|  | **Passenger Airlines — 3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271867 | Deutsche Lufthansa AG (EUR) | 2300695 |
|  | **Pharmaceuticals — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13309 | Merck KGaA (EUR) | 1710209 |
|  | **Software — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3971 | Nemetschek SE (EUR) | 516568 |
|  | **Specialty Retail — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89182 | Auto1 Group SE (EUR) (d) | 3036429 |
|  | **Trading Companies &** <br> **Distributors — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8691 | Brenntag SE (EUR) | 519368 |
|  | **Transportation Infrastructure** <br> **— 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7636 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide <br> (EUR) (d) | 659381 |
|  | **Total Common Stocks** | 73393801 |
|  | (Cost $67,131,507) |  |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **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; 36504 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (e) | $36504 |
|  | (Cost $36,504) |  |

---

&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%** |
| $257 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $257. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $262. (f) | 257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $375. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $383. (f) | 375 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $227 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $227. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $232. (f) | $227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $403. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $411. (f) | 403 |
|  | **Total Repurchase Agreements** | 1262 |
|  | (Cost $1,262) |  |
|  | **Total Investments — 99.9%** | 73431567 |
|  | (Cost $67,169,273) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 43417 |
|  | **Net Assets — 100.0%** | $73474984 |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) Rate shown reflects yield as of September 30, 2025.

&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> EUR – Euro <br> USD – United States Dollar

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| Germany | &nbsp;&nbsp; 99.9% |
| United States | &nbsp;&nbsp;&nbsp; 0.0<sup>†</sup><sup>†</sup> <br>|
| Canada | &nbsp;&nbsp;&nbsp; 0.0<sup>†</sup><sup>†</sup> <br>|
| Japan | &nbsp;&nbsp;&nbsp; 0.0<sup>†</sup><sup>†</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp; 99.9 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 0.1 |
| &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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $73393801 | $73393801 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 36504 | &nbsp;&nbsp; 36504 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | &nbsp;&nbsp; 1262 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1262 | &nbsp;&nbsp; — |
| Total Investments | $73431567 | $73430305 | $1262 | $— |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.7%** | **COMMON STOCKS (a) — 99.7%** | **COMMON STOCKS (a) — 99.7%** |
|  | **Aerospace & Defense — 6.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98711 | &nbsp;&nbsp;&nbsp; Babcock International <br> Group PLC (GBP) | $1765660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48056 | BAE Systems PLC (GBP) | 1330742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93693 | &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC <br> (GBP) | 1499491 |
|  |  | 4595893 |
|  | **Banks — 9.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269994 | Barclays PLC (GBP) | 1378384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25703 | HSBC Holdings PLC (GBP) | 361235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16007 | Lion Finance Group PLC (GBP) | 1646877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590987 | &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC <br> (GBP) | 666217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177273 | NatWest Group PLC (GBP) | 1243569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75110 | Standard Chartered PLC (GBP) | 1450076 |
|  |  | 6746358 |
|  | **Beverages — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17874 | Coca-Cola HBC AG (GBP) | 842317 |
|  | **Broadline Retail — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5423 | Next PLC (GBP) | 902557 |
|  | **Capital Markets — 8.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27540 | 3i Group PLC (GBP) | 1514506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363210 | Aberdeen Group PLC (GBP) | 964750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85204 | IG Group Holdings PLC (GBP) | 1234143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122377 | Ninety One PLC (GBP) | 335424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62712 | Schroders PLC (GBP) | 317123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95710 | St. James's Place PLC (GBP) | 1634748 |
|  |  | 6000694 |
|  | **Consumer Staples Distribution** <br> **& Retail — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234621 | J Sainsbury PLC (GBP) | 1053909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225720 | Tesco PLC (GBP) | 1352408 |
|  |  | 2406317 |
|  | **Containers & Packaging —** <br> **0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7291 | Smurfit WestRock PLC (GBP) | 305544 |
|  | **Diversified Consumer Services** <br> **— 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84607 | Pearson PLC (GBP) | 1202169 |
|  | **Diversified REITs — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180640 | &nbsp;&nbsp;&nbsp; British Land (The) Co., PLC <br> (GBP) | 845926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107755 | &nbsp;&nbsp;&nbsp; Land Securities Group PLC <br> (GBP) | 843433 |
|  |  | 1689359 |
|  | **Diversified Telecommunication** <br> **Services — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350932 | BT Group PLC (GBP) | 902167 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Electric Utilities — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12379 | SSE PLC (GBP) | $289934 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13929 | Halma PLC (GBP) | 646292 |
|  | **Financial Services — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440940 | M&G PLC (GBP) | 1500341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21792 | Wise PLC, Class A (GBP) (b) | 303338 |
|  |  | 1803679 |
|  | **Food Products — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54873 | &nbsp;&nbsp;&nbsp; Associated British Foods PLC <br> (GBP) | 1513611 |
|  | **Health Care Equipment &** <br> **Supplies — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75785 | &nbsp;&nbsp;&nbsp; Convatec Group PLC <br> (GBP) (c) (d) | 235850 |
|  | **Hotels, Restaurants & Leisure** <br> **— 4.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37175 | Carnival PLC (GBP) (b) | 988684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125772 | Entain PLC (GBP) | 1478039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15977 | Whitbread PLC (GBP) | 691896 |
|  |  | 3158619 |
|  | **Household Durables — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23392 | &nbsp;&nbsp;&nbsp; Berkeley Group Holdings PLC <br> (GBP) | 1206801 |
|  | **Industrial Conglomerates —** <br> **1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4794 | DCC PLC (GBP) | 307672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30273 | Smiths Group PLC (GBP) | 957597 |
|  |  | 1265269 |
|  | **Industrial REITs — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219355 | &nbsp;&nbsp;&nbsp; LondonMetric Property PLC <br> (GBP) | 536624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32161 | Segro PLC (GBP) | 283482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767762 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) | 1492053 |
|  |  | 2312159 |
|  | **Insurance — 7.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27724 | Admiral Group PLC (GBP) | 1249826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110526 | Aviva PLC (GBP) | 1019417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96960 | Beazley PLC (GBP) | 1182741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54178 | Hiscox Ltd. (GBP) | 997508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69221 | &nbsp;&nbsp;&nbsp; Phoenix Group Holdings PLC <br> (GBP) | 599068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24835 | Prudential PLC (GBP) | 347700 |
|  |  | 5396260 |
|  | **Interactive Media & Services** <br> **— 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57688 | Rightmove PLC (GBP) | 549764 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Leisure Products — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4205 | &nbsp;&nbsp;&nbsp; Games Workshop Group PLC <br> (GBP) | $821715 |
|  | **Machinery — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10824 | IMI PLC (GBP) | 332777 |
|  | **Media — 2.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1374428 | ITV PLC (GBP) | 1477850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87902 | WPP PLC (GBP) | 434811 |
|  |  | 1912661 |
|  | **Metals & Mining — 10.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20674 | Anglogold Ashanti PLC (ZAR) | 1452723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40689 | Endeavour Mining PLC (GBP) | 1696401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153120 | Evraz PLC (GBP) (b) (e) (f) (g) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78695 | Fresnillo PLC (GBP) | 2497750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79917 | Glencore PLC (GBP) | 367153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26696 | Rio Tinto PLC (GBP) | 1754780 |
|  |  | 7768807 |
|  | **Multi-Utilities — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562847 | Centrica PLC (GBP) | 1261116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21353 | National Grid PLC (GBP) | 306561 |
|  |  | 1567677 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125059 | BP PLC (GBP) | 716077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231387 | Harbour Energy PLC (GBP) | 645413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35502 | Shell PLC (GBP) | 1263614 |
|  |  | 2625104 |
|  | **Paper & Forest Products —** <br> **0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38107 | Mondi PLC (GBP) | 524801 |
|  | **Passenger Airlines — 5.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170736 | easyJet PLC (GBP) | 1065449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332279 | &nbsp;&nbsp;&nbsp; International Consolidated <br> Airlines Group S.A. (GBP) | 1725411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61420 | JET2 PLC (GBP) | 1168017 |
|  |  | 3958877 |
|  | **Pharmaceuticals — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22801 | &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals PLC <br> (GBP) | 520693 |
|  | **Residential REITs — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133713 | UNITE Group (The) PLC (GBP) | 1292982 |
|  | **Specialty Retail — 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1277008 | JD Sports Fashion PLC (GBP) | 1636727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233814 | Kingfisher PLC (GBP) | 970727 |
|  |  | 2607454 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38349 | Burberry Group PLC (GBP) (b) | 602402 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Tobacco — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15755 | Imperial Brands PLC (GBP) | $669145 |
|  | **Trading Companies &** <br> **Distributors — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9800 | Ashtead Group PLC (GBP) | 654388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9640 | Bunzl PLC (GBP) | 304155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9283 | Diploma PLC (GBP) | 662313 |
|  |  | 1620856 |
|  | **Water Utilities — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19836 | &nbsp;&nbsp;&nbsp; United Utilities Group PLC <br> (GBP) | 305857 |
|  | **Wireless Telecommunication** <br> **Services — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874171 | Vodafone Group PLC (GBP) | 1012959 |
|  | **Total Investments — 99.7%** | 72116380 |
|  | (Cost $60,131,415) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.3%** | 219714 |
|  | **Net Assets — 100.0%** | $72336094 |

---

&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.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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;(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 September 30, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

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

&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 |
| ZAR | – South African Rand |

---

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| United Kingdom | &nbsp;&nbsp; 90.8% |
| Spain | &nbsp;&nbsp;&nbsp; 2.4 |
| Isle of Man | &nbsp;&nbsp;&nbsp; 2.0 |
| Bermuda | &nbsp;&nbsp;&nbsp; 1.4 |
| Switzerland | &nbsp;&nbsp;&nbsp; 1.2 |
| Jersey | &nbsp;&nbsp;&nbsp; 1.1 |
| Ireland | &nbsp;&nbsp;&nbsp; 0.8 |
| &nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp; 99.7 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 0.3 |
| &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>|
| GBP | &nbsp;&nbsp; 98.0% |
| ZAR | &nbsp;&nbsp;&nbsp; 2.0 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Metals & Mining | $7768807 | $7768807 | $— | $—\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Industry <br> Categories\*<br>| &nbsp;&nbsp; 64347573 | &nbsp;&nbsp; 64347573 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $72116380 | $72116380 | $— | $—\*\* |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 101.6%** | **COMMON STOCKS (a) — 101.6%** | **COMMON STOCKS (a) — 101.6%** |
|  | **Aerospace & Defense — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853492 | Bharat Electronics Ltd. (INR) | $3883016 |
|  | **Automobiles — 10.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38913 | Bajaj Auto Ltd. (INR) | 3803483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49254 | Eicher Motors Ltd. (INR) | 3886178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97475 | &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. <br> (INR) | 3762265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21150 | Maruti Suzuki India Ltd. (INR) | 3818202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517967 | Tata Motors Ltd. (INR) | 3968083 |
|  |  | 19238211 |
|  | **Banks — 10.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294947 | Axis Bank Ltd. (INR) | 3759057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362252 | HDFC Bank Ltd. (INR) | 3880015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250098 | ICICI Bank Ltd. (INR) | 3797014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170889 | &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. <br> (INR) | 3835289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399565 | State Bank of India (INR) | 3926178 |
|  |  | 19197553 |
|  | **Chemicals — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143130 | Asian Paints Ltd. (INR) | 3788267 |
|  | **Construction & Engineering** <br> **— 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94415 | Larsen & Toubro Ltd. (INR) | 3890859 |
|  | **Construction Materials —** <br> **4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123834 | Grasim Industries Ltd. (INR) | 3845059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28341 | UltraTech Cement Ltd. (INR) | 3901211 |
|  |  | 7746270 |
|  | **Consumer Finance — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339753 | Bajaj Finance Ltd. (INR) | 3822323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561589 | Shriram Finance Ltd. (INR) | 3896833 |
|  |  | 7719156 |
|  | **Electric Utilities — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1209864 | &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. <br> (INR) | 3818776 |
|  | **Financial Services — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169034 | Bajaj Finserv Ltd. (INR) | 3819739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1140867 | Jio Financial Services Ltd. (INR) | 3767394 |
|  |  | 7587133 |
|  | **Food Products — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293213 | Nestle India Ltd. (INR) | 3807299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303373 | &nbsp;&nbsp;&nbsp; Tata Consumer Products Ltd. <br> (INR) | 3858587 |
|  |  | 7665886 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Health Care Providers &** <br> **Services — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45132 | &nbsp;&nbsp;&nbsp; Apollo Hospitals Enterprise Ltd. <br> (INR) | $3766051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302439 | &nbsp;&nbsp;&nbsp; Max Healthcare Institute Ltd. <br> (INR) | 3796976 |
|  |  | 7563027 |
|  | **Hotels, Restaurants & Leisure** <br> **— 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1035622 | Eternal Ltd. (INR) (b) | 3796595 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1010530 | NTPC Ltd. (INR) | 3874758 |
|  | **Insurance — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449755 | &nbsp;&nbsp;&nbsp; HDFC Life Insurance Co., Ltd. <br> (INR) (c) (d) | 3831760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190123 | &nbsp;&nbsp;&nbsp; SBI Life Insurance Co., Ltd. <br> (INR) (c) (d) | 3834205 |
|  |  | 7665965 |
|  | **IT Services — 10.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241667 | HCL Technologies Ltd. (INR) | 3769993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231739 | Infosys Ltd. (INR) | 3763104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116347 | &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. <br> (INR) | 3784901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238237 | Tech Mahindra Ltd. (INR) | 3757270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1421840 | Wipro Ltd. (INR) | 3833209 |
|  |  | 18908477 |
|  | **Metals & Mining — 6.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461457 | Hindalco Industries Ltd. (INR) | 3960042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299595 | JSW Steel Ltd. (INR) | 3855750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1996086 | Tata Steel Ltd. (INR) | 3794168 |
|  |  | 11609960 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 6.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876651 | Coal India Ltd. (INR) | 3850151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1435663 | &nbsp;&nbsp;&nbsp; Oil & Natural Gas Corp., Ltd. <br> (INR) | 3872577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250718 | Reliance Industries Ltd. (INR) | 3851607 |
|  |  | 11574335 |
|  | **Passenger Airlines — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60637 | &nbsp;&nbsp;&nbsp; InterGlobe Aviation Ltd. <br> (INR) (c) (d) | 3820683 |
|  | **Personal Care Products —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135557 | Hindustan Unilever Ltd. (INR) | 3838826 |
|  | **Pharmaceuticals — 6.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227916 | Cipla Ltd. (INR) | 3858891 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Pharmaceuticals (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269829 | &nbsp;&nbsp;&nbsp; Dr. Reddy's Laboratories Ltd. <br> (INR) | $3718824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211433 | &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries <br> Ltd. (INR) | 3796513 |
|  |  | 11374228 |
|  | **Specialty Retail — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72554 | Trent Ltd. (INR) | 3822233 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101846 | Titan Co., Ltd. (INR) | 3862150 |
|  | **Tobacco — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 859998 | ITC Ltd. (INR) | 3889369 |
|  | **Trading Companies &** <br> **Distributors — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133553 | Adani Enterprises Ltd. (INR) | 3769289 |
|  | **Transportation Infrastructure** <br> **— 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244518 | &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic <br> Zone Ltd. (INR) | 3865141 |
|  | **Wireless Telecommunication** <br> **Services — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177767 | Bharti Airtel Ltd. (INR) | 3760809 |
|  | **Total Investments — 101.6%** | 191530972 |
|  | (Cost $151,161,814) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.6)%** | (2996459)<br>|
|  | **Net Assets — 100.0%** | $188534513 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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;(d) 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 | 101.6% |
| &nbsp;&nbsp;&nbsp; Total Investments | 101.6 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp; (1.6) |
| &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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $191530972 | $191530972 | $— | $— |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 97.7%** | **COMMON STOCKS (a) — 97.7%** | **COMMON STOCKS (a) — 97.7%** |
|  | **Banks — 2.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21647 | &nbsp;&nbsp;&nbsp; Luzerner Kantonalbank AG <br> (CHF) | $2175441 |
|  | **Building Products — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3193 | Belimo Holding AG (CHF) | 3335192 |
|  | **Capital Markets — 17.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140387 | EFG International AG (CHF) | 2853416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38473 | Julius Baer Group Ltd. (CHF) | 2656210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5740 | &nbsp;&nbsp;&nbsp; Swissquote Group Holding S.A. <br> (CHF) | 4005490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19215 | UBS Group AG (CHF) | 784724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24146 | Vontobel Holding AG (CHF) | 1816903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8916 | VZ Holding AG (CHF) | 1863730 |
|  |  | 13980473 |
|  | **Construction Materials —** <br> **4.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43797 | Holcim AG (CHF) | 3704905 |
|  | **Containers & Packaging —** <br> **1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105577 | SIG Group AG (CHF) | 1088197 |
|  | **Diversified Telecommunication** <br> **Services — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3669 | Swisscom AG (CHF) | 2661702 |
|  | **Electric Utilities — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14885 | BKW AG (CHF) | 3176888 |
|  | **Electrical Equipment — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36984 | Accelleron Industries AG (CHF) | 3110456 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3843 | ALSO Holding AG (CHF) | 1163448 |
|  | **Food Products — 6.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1194 | Barry Callebaut AG (CHF) | 1634897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & <br> Spruengli AG (CHF) | 1756674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301 | Emmi AG (CHF) | 1122778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6545 | Nestle S.A. (CHF) | 600770 |
|  |  | 5115119 |
|  | **Health Care Equipment &** <br> **Supplies — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7349 | Alcon AG (CHF) | 547079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2183 | Sonova Holding AG (CHF) | 593980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3663 | Ypsomed Holding AG (CHF) | 1437959 |
|  |  | 2579018 |
|  | **Health Care Providers &** <br> **Services — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17822 | Galenica AG (CHF) (b) (c) | 1936566 |
|  | **Insurance — 7.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13839 | Helvetia Holding AG (CHF) | 3384779 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Insurance (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1285 | Swiss Life Holding AG (CHF) | $1381126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3762 | Swiss Re AG (CHF) | 694934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) | 661941 |
|  |  | 6122780 |
|  | **Life Sciences Tools & Services** <br> **— 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11555 | Siegfried Holding AG (CHF) | 1151073 |
|  | **Machinery — 7.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5237 | Bucher Industries AG (CHF) | 2480182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23710 | SFS Group AG (CHF) | 3180991 |
|  |  | 5661173 |
|  | **Marine Transportation —** <br> **2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9017 | &nbsp;&nbsp;&nbsp; Kuehne + Nagel International <br> AG (CHF) | 1678121 |
|  | **Pharmaceuticals — 5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10729 | Novartis AG (CHF) | 1349397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47528 | Sandoz Group AG (CHF) | 2816275 |
|  |  | 4165672 |
|  | **Professional Services — 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109398 | Adecco Group AG (CHF) | 3064601 |
|  | **Real Estate Management &** <br> **Development — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7062 | PSP Swiss Property AG (CHF) | 1212707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4343 | Swiss Prime Site AG (CHF) | 607218 |
|  |  | 1819925 |
|  | **Specialty Retail — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59963 | Avolta AG (CHF) | 3243523 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7222 | &nbsp;&nbsp;&nbsp; Logitech International S.A. <br> (CHF) | 787294 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15944 | Swatch Group (The) AG (CHF) | 2993318 |
|  | **Trading Companies &** <br> **Distributors — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16657 | DKSH Holding AG (CHF) | 1125742 |
|  | **Transportation Infrastructure** <br> **— 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9135 | Flughafen Zurich AG (CHF) | 2783934 |
|  | **Total Common Stocks** | 78624561 |
|  | (Cost $69,650,870) |  |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81082 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (d) | $81082 |
|  | (Cost $81,082) |  |
|  | **Total Investments — 97.8%** | 78705643 |
|  | (Cost $69,731,952) |  |
|  | **Net Other Assets and** <br> **Liabilities — 2.2%** | 1795516 |
|  | **Net Assets — 100.0%** | $80501159 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Rate shown reflects yield as of September 30, 2025.

&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; 97.7% |
| United States | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total Investments | &nbsp;&nbsp; 97.8 |
| &nbsp;&nbsp;&nbsp; Net Other Assets and Liabilities | &nbsp;&nbsp;&nbsp; 2.2 |
| &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>|
| 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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $78624561 | $78624561 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 81082 | &nbsp;&nbsp; 81082 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $78705643 | $78705643 | $— | $— |

---

&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**

**September 30, 2025 (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%** |
|  | **Australia — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2808 | Eagers Automotive Ltd. (AUD) | $54478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46585 | &nbsp;&nbsp;&nbsp; Firefinch Ltd. <br> (AUD) (c) (d) (e) (f) (g) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9075 | Genesis Minerals Ltd. (AUD) (d) | 35369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6632 | Helia Group Ltd. (AUD) | 25365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8677 | Iluka Resources Ltd. (AUD) | 36344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26721 | Karoon Energy Ltd. (AUD) | 29174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6126 | MA Financial Group Ltd. (AUD) | 37779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2259 | &nbsp;&nbsp;&nbsp; Magellan Financial Group Ltd. <br> (AUD) | 14365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549 | &nbsp;&nbsp;&nbsp; Monadelphous Group Ltd. <br> (AUD) | 8174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9075 | New Hope Corp., Ltd. (AUD) | 23539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18915 | Perenti Ltd. (AUD) | 35170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5055 | Perseus Mining Ltd. (AUD) | 16390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3551 | Ramelius Resources Ltd. (AUD) | 9117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2490 | Regis Healthcare Ltd. (AUD) | 9919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10736 | Regis Resources Ltd. (AUD) | 42695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19851 | Stanmore Resources Ltd. (AUD) | 27978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018 | &nbsp;&nbsp;&nbsp; Temple & Webster Group Ltd. <br> (AUD) (d) | 15480 |
|  |  | 421336 |
|  | **Austria — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877 | Kontron AG (EUR) | 28171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1982 | &nbsp;&nbsp;&nbsp; UNIQA Insurance Group AG <br> (EUR) | 29413 |
|  |  | 57584 |
|  | **Belgium — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440 | Bekaert S.A. (EUR) | 20095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370 | Gimv N.V. (EUR) | 19765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2846 | Proximus SADP (EUR) | 24860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3901 | &nbsp;&nbsp;&nbsp; X-Fab Silicon Foundries SE <br> (EUR) (d) (h) (i) | 31579 |
|  |  | 96299 |
|  | **Bermuda — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78000 | &nbsp;&nbsp;&nbsp; Brilliance China Automotive <br> Holdings Ltd. (HKD) | 41295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp; CGN New Energy Holdings Co., <br> Ltd. (HKD) | 6847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4881 | Conduit Holdings Ltd. (GBP) | 22385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10500 | &nbsp;&nbsp;&nbsp; Johnson Electric Holdings Ltd. <br> (HKD) | 54915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500 | Kerry Properties Ltd. (HKD) | 17407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10750 | &nbsp;&nbsp;&nbsp; Luk Fook Holdings International <br> Ltd. (HKD) | 34397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94000 | &nbsp;&nbsp;&nbsp; Pacific Basin Shipping Ltd. <br> (HKD) | 30319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15500 | &nbsp;&nbsp;&nbsp; Shenzhen International Holdings <br> Ltd. (HKD) | 15556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | Sinofert Holdings Ltd. (HKD) | 11874 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Bermuda (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp; Sinopec Kantons Holdings Ltd. <br> (HKD) | $11308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125 | Stolt-Nielsen Ltd. (NOK) | 38723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Teekay Tankers Ltd., Class A | 35385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388000 | &nbsp;&nbsp;&nbsp; United Energy Group Ltd. <br> (HKD) | 26425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16250 | &nbsp;&nbsp;&nbsp; Yue Yuen Industrial Holdings <br> Ltd. (HKD) | 27668 |
|  |  | 374504 |
|  | **Canada — 6.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274 | ADENTRA, Inc. (CAD) | 6936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1353 | Athabasca Oil Corp. (CAD) (d) | 6475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7099 | Baytex Energy Corp. (CAD) | 16629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338 | &nbsp;&nbsp;&nbsp; Boardwalk Real Estate <br> Investment Trust (CAD) | 16789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606 | Canadian Solar, Inc. (d) | 7902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | Cardinal Energy Ltd. (CAD) (e) | 19491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2926 | Extendicare, Inc. (CAD) (e) | 31264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4314 | Fortuna Mining Corp. (CAD) (d) | 38624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4203 | IAMGOLD Corp. (CAD) (d) | 54300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2433 | K92 Mining, Inc. (CAD) (d) | 29405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2156 | &nbsp;&nbsp;&nbsp; Killam Apartment Real Estate <br> Investment Trust (CAD) (e) | 27839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151 | Linamar Corp. (CAD) | 8098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1665 | NuVista Energy Ltd. (CAD) (d) | 19238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2097 | OceanaGold Corp. (CAD) | 44767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2247 | Orla Mining Ltd. (CAD) (d) | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | &nbsp;&nbsp;&nbsp; Paramount Resources Ltd., <br> Class A (CAD) | 32679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125 | Parex Resources, Inc. (CAD) | 14704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp; Precision Drilling Corp. <br> (CAD) (d) | 25400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1926 | &nbsp;&nbsp;&nbsp; Secure Waste Infrastructure <br> Corp. (CAD) | 27429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212 | TerraVest Industries, Inc. (CAD) | 21220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947 | &nbsp;&nbsp;&nbsp; Torex Gold Resources, Inc. <br> (CAD) (d) | 39358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809 | &nbsp;&nbsp;&nbsp; Transcontinental, Inc., Class A <br> (CAD) | 11434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1620 | Trican Well Service Ltd. (CAD) | 7182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1762 | &nbsp;&nbsp;&nbsp; Wesdome Gold Mines Ltd. <br> (CAD) (d) | 27449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3261 | Whitecap Resources, Inc. (CAD) | 24884 |
|  |  | 583731 |
|  | **Cayman Islands — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103000 | &nbsp;&nbsp;&nbsp; JS Global Lifestyle Co., Ltd. <br> (HKD) (d) (h) (i) | 24618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000 | Kingboard Holdings Ltd. (HKD) | 14207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | Minth Group Ltd. (HKD) | 43460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000 | Mobvista, Inc. (HKD) (d) (h) (i) | 16176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37500 | &nbsp;&nbsp;&nbsp; Mongolian Mining Corp. <br> (HKD) (d) | 60091 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp; Nexteer Automotive Group Ltd. <br> (HKD) | $36215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000 | &nbsp;&nbsp;&nbsp; TCL Electronics Holdings Ltd. <br> (HKD) | 29684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500 | &nbsp;&nbsp;&nbsp; United Laboratories International <br> Holdings (The) Ltd. (HKD) | 12546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp; Vobile Group Ltd. <br> (HKD) (d) (e) (i) | 15343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | VSTECS Holdings Ltd. (HKD) | 41442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000 | Wasion Holdings Ltd. (HKD) | 39106 |
|  |  | 332888 |
|  | **Denmark — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1042 | D/S Norden A/S (DKK) | 37825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804 | DFDS A/S (DKK) (d) | 12234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274 | Matas A/S (DKK) | 5602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148 | Per Aarsleff Holding A/S (DKK) | 15969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168 | Sydbank A/S (DKK) | 13489 |
|  |  | 85119 |
|  | **Finland — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116 | Hiab Oyj (EUR) | 6758 |
|  | **France — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3402 | Clariane SE (EUR) (d) | 18900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2213 | Emeis S.A. (EUR) (d) (e) | 38349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5006 | &nbsp;&nbsp;&nbsp; Etablissements Maurel et Prom <br> S.A. (EUR) | 28693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530 | Mersen S.A. (EUR) | 15618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533 | Opmobility (EUR) | 8548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186 | Rubis S.C.A. (EUR) | 6940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1624 | &nbsp;&nbsp;&nbsp; Television Francaise 1 S.A. <br> (EUR) | 16502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 | Trigano S.A. (EUR) | 32733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293 | Vicat SACA (EUR) | 20537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347 | Viridien (EUR) (d) | 26053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | VusionGroup (EUR) | 7485 |
|  |  | 220358 |
|  | **Germany — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367 | Bilfinger SE (EUR) | 40373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5857 | CECONOMY AG (EUR) (d) | 30153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524 | Eckert & Ziegler SE (EUR) | 10963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 917 | flatexDEGIRO AG (EUR) | 30016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp; Hornbach Holding AG & Co. <br> KGaA (EUR) | 12541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619 | Mutares SE & Co. KGaA (EUR) | 21584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1024 | Nordex SE (EUR) (d) | 26209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207 | Salzgitter AG (EUR) | 6256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201 | Stabilus SE (EUR) | 5805 |
|  |  | 183900 |
|  | **Greece — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3231 | FF Group (EUR) (c) (d) (f) (g) | 0 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Hong Kong — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp; China Jinmao Holdings Group <br> Ltd. (HKD) | $6374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp; CITIC Telecom International <br> Holdings Ltd. (HKD) | 11241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5600 | &nbsp;&nbsp;&nbsp; Dah Sing Financial Holdings <br> Ltd. (HKD) | 24453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp; Shanghai Industrial Holdings <br> Ltd. (HKD) | 5274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp; Shougang Fushan Resources <br> Group Ltd. (HKD) | 11678 |
|  |  | 59020 |
|  | **Ireland — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936 | Dalata Hotel Group PLC (EUR) | 7033 |
|  | **Israel — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 868 | Cellcom Israel Ltd. (ILS) (d) | 8643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5230 | El Al Israel Airlines (ILS) (d) | 23827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660 | &nbsp;&nbsp;&nbsp; Harel Insurance Investments & <br> Financial Services Ltd. (ILS) | 55932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629 | IDI Insurance Co., Ltd. (ILS) | 38816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527 | &nbsp;&nbsp;&nbsp; Menora Mivtachim Holdings <br> Ltd. (ILS) | 51710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11659 | &nbsp;&nbsp;&nbsp; Migdal Insurance & Financial <br> Holding Ltd. (ILS) | 40445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925 | &nbsp;&nbsp;&nbsp; Next Vision Stabilized Systems <br> Ltd. (ILS) | 41891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp; Rami Levy Chain Stores <br> Hashikma Marketing 2006 <br> Ltd. (ILS) | 6729 |
|  |  | 267993 |
|  | **Italy — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282 | Avio S.p.A. (EUR) (i) | 17713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1728 | Fila S.p.A. (EUR) | 18908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2201 | Maire S.p.A. (EUR) | 32559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7664 | Webuild S.p.A. (EUR) | 31817 |
|  |  | 100997 |
|  | **Japan — 35.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Ai Holdings Corp. (JPY) | 20842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | Aichi Steel Corp. (JPY) | 23682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | Aisan Industry Co., Ltd. (JPY) | 24115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Alpen Co., Ltd. (JPY) | 11147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Anycolor, Inc. (JPY) | 19035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | ARE Holdings, Inc. (JPY) | 23250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Artience Co., Ltd. (JPY) | 6350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | ASAHI YUKIZAI Corp. (JPY) | 12442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500 | Belluna Co., Ltd. (JPY) | 17294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Central Glass Co., Ltd. (JPY) | 15502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | &nbsp;&nbsp;&nbsp; Chugoku Electric Power (The) <br> Co., Inc. (JPY) | 10264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Citizen Watch Co., Ltd. (JPY) | 6104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Daicel Corp. (JPY) | 16426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Dai-Dan Co., Ltd. (JPY) | 25114 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 3300 | Daido Steel Co., Ltd. (JPY) | $28529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; Daishi Hokuetsu Financial <br> Group, Inc. (JPY) | 14555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | DeNA Co., Ltd. (JPY) | 6274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Digital Garage, Inc. (JPY) | 7333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | Dowa Holdings Co., Ltd. (JPY) | 7300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Electric Power Development <br> Co., Ltd. (JPY) | 16885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Exedy Corp. (JPY) | 24614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | FCC Co., Ltd. (JPY) | 10870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Ferrotec Holdings Corp. (JPY) | 8114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Food & Life Cos., Ltd. (JPY) | 47086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Fuji Media Holdings, Inc. (JPY) | 21319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | Fujita Kanko, Inc. (JPY) | 7093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | Furukawa Co., Ltd. (JPY) | 36899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp; Furukawa Electric Co., Ltd. <br> (JPY) | 12323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | GENDA, Inc. (JPY) (d) | 3558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Glory Ltd. (JPY) | 29723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | GMO internet group, Inc. (JPY) | 7344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Godo Steel Ltd. (JPY) | 21530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700 | GREE Holdings, Inc. (JPY) | 8015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | GS Yuasa Corp. (JPY) | 23667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | G-Tekt Corp. (JPY) | 24124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | H2O Retailing Corp. (JPY) | 4404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Hanwa Co., Ltd. (JPY) | 12780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Happinet Corp. (JPY) | 27995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Hazama Ando Corp. (JPY) | 12452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | Heiwado Co., Ltd. (JPY) | 17698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4100 | &nbsp;&nbsp;&nbsp; Hokkaido Electric Power Co., <br> Inc. (JPY) (e) | 30053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Hokuhoku Financial Group, Inc. <br> (JPY) | 31427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | &nbsp;&nbsp;&nbsp; Hokuriku Electric Power Co. <br> (JPY) | 16006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | Hyakugo Bank (The) Ltd. (JPY) | 6806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600 | IDOM, Inc. (JPY) | 18495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3100 | Iino Kaiun Kaisha Ltd. (JPY) | 24819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Ishihara Sangyo Kaisha Ltd. <br> (JPY) | 14107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | Iwatani Corp. (JPY) | 17495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | Iyogin Holdings, Inc. (JPY) | 19739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp; Japan Investment Adviser Co., <br> Ltd. (JPY) | 17581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Japan Lifeline Co., Ltd. (JPY) | 5095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400 | &nbsp;&nbsp;&nbsp; Japan Petroleum Exploration <br> Co., Ltd. (JPY) | 29773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | JINS Holdings, Inc. (JPY) | 12388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | J-Oil Mills, Inc. (JPY) | 5556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Kandenko Co., Ltd. (JPY) | 32912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Kaneka Corp. (JPY) | 17073 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Kato Sangyo Co., Ltd. (JPY) | $23654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600 | Keikyu Corp. (JPY) | 16240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | KH Neochem Co., Ltd. (JPY) | 5656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Ki-Star Real Estate Co., Ltd. <br> (JPY) | 26507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | Kitz Corp. (JPY) | 14856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Kojima Co., Ltd. (JPY) | 5353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Krosaki Harima Corp. (JPY) | 8358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | &nbsp;&nbsp;&nbsp; Kumiai Chemical Industry Co., <br> Ltd. (JPY) | 15658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | Kurabo Industries Ltd. (JPY) | 4774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | Kyoei Steel Ltd. (JPY) | 20148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Life Corp. (JPY) | 13670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Lintec Corp. (JPY) | 7384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp; Makino Milling Machine Co., <br> Ltd. (JPY) | 7749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp; Mars Group Holdings Corp. <br> (JPY) | 10380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300 | Mazda Motor Corp. (JPY) (e) | 24122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; Megmilk Snow Brand Co., Ltd. <br> (JPY) | 12013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5900 | Metaplanet, Inc. (JPY) (d) | 22940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp; Mitsubishi Logisnext Co., Ltd. <br> (JPY) | 4909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Mitsubishi Materials Corp. (JPY) | 11271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5800 | Mitsubishi Motors Corp. (JPY) | 15766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900 | Mitsui E&S Co., Ltd. (JPY) | 57494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900 | &nbsp;&nbsp;&nbsp; Mitsui Mining & Smelting Co., <br> Ltd. (JPY) | 70017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; Mitsui-Soko Holdings Co., Ltd. <br> (JPY) | 16777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | Modec, Inc. (JPY) | 55922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; Namura Shipbuilding Co., Ltd. <br> (JPY) | 39257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Nanto Bank (The) Ltd. (JPY) | 27535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | NGK Insulators Ltd. (JPY) | 6707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | NHK Spring Co., Ltd. (JPY) | 22578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500 | Nikkiso Co., Ltd. (JPY) | 25070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | Nikkon Holdings Co., Ltd. (JPY) | 34608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Nippn Corp. (JPY) | 28214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Nippon Kayaku Co., Ltd. (JPY) | 5637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; Nippon Light Metal Holdings <br> Co., Ltd. (JPY) | 14200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp; Nippon Paper Industries Co., <br> Ltd. (JPY) | 18943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp; Nippon Shinyaku Co., Ltd. <br> (JPY) | 4508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp; Nishi-Nippon Railroad Co., Ltd. <br> (JPY) | 6322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Nishio Holdings Co., Ltd. (JPY) | 11604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Nissin Corp. (JPY) | 43601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | Nittetsu Mining Co., Ltd. (JPY) | 40491 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 1600 | Nojima Corp. (JPY) | $43872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | NOK Corp. (JPY) | 19332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Noritake Co., Ltd. (JPY) | 22389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | North Pacific Bank Ltd. (JPY) | 7577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp; NS United Kaiun Kaisha Ltd. <br> (JPY) | 34283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; Odakyu Electric Railway Co., <br> Ltd. (JPY) (e) | 12381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp; Oki Electric Industry Co., Ltd. <br> (JPY) | 43656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Pasona Group, Inc. (JPY) | 26656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp; Penta-Ocean Construction Co., <br> Ltd. (JPY) | 17346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Raito Kogyo Co., Ltd. (JPY) | 13084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | Rengo Co., Ltd. (JPY) | 12644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Ryobi Ltd. (JPY) | 13159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Sakata INX Corp. (JPY) | 18882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | Sakata Seed Corp. (JPY) | 4930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | San-A Co., Ltd. (JPY) | 3766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp; Sanken Electric Co., Ltd. <br> (JPY) (d) | 24309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp; Sanki Engineering Co., Ltd. <br> (JPY) | 40004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Sankyu, Inc. (JPY) | 21909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | SBS Holdings, Inc. (JPY) | 7425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Shibaura Machine Co., Ltd. <br> (JPY) | 19928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; Shikoku Electric Power Co., Inc. <br> (JPY) | 17784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Shinnihon Corp. (JPY) | 6235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100 | Shizuoka Gas Co., Ltd. (JPY) | 16600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Showa Sangyo Co., Ltd. (JPY) | 16499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Sugi Holdings Co., Ltd. (JPY) | 14468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp; Sumitomo Osaka Cement Co., <br> Ltd. (JPY) | 10522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5400 | &nbsp;&nbsp;&nbsp; Sumitomo Pharma Co., Ltd. <br> (JPY) (d) | 62477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 | Sumitomo Riko Co., Ltd. (JPY) | 26851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; Sumitomo Seika Chemicals Co., <br> Ltd. (JPY) | 19292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Taiheiyo Cement Corp. (JPY) | 15600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Taiyo Holdings Co., Ltd. (JPY) | 27319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp; Takasago International Corp. <br> (JPY) | 27352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | Teijin Ltd. (JPY) | 25530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400 | Toa Corp. (JPY) | 33951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200 | Toho Bank (The) Ltd. (JPY) | 6918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp; Tohoku Electric Power Co., Inc. <br> (JPY) (e) | 16735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | Tokai Rika Co., Ltd. (JPY) | 12671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | Token Corp. (JPY) | 10069 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Tokuyama Corp. (JPY) | $14910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; Tokyo Steel Manufacturing Co., <br> Ltd. (JPY) | 14789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4400 | TOMONY Holdings, Inc. (JPY) | 20024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Toshiba TEC Corp. (JPY) | 12293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | &nbsp;&nbsp;&nbsp; Towa Pharmaceutical Co., Ltd. <br> (JPY) | 11977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600 | Toyo Tanso Co., Ltd. (JPY) | 17649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400 | Toyo Tire Corp. (JPY) | 37214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | Toyoda Gosei Co., Ltd. (JPY) | 29877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 | Toyota Boshoku Corp. (JPY) | 6639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | TRE Holdings Corp. (JPY) | 10515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Trusco Nakayama Corp. (JPY) | 12918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | TSI Holdings Co., Ltd. (JPY) | 20013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Tsubakimoto Chain Co. (JPY) | 11625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700 | Tsugami Corp. (JPY) | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300 | &nbsp;&nbsp;&nbsp; Tsukishima Holdings Co., Ltd. <br> (JPY) | 45678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp; TV Asahi Holdings Corp. <br> (JPY) (e) | 6806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | UACJ Corp. (JPY) | 13040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Uchida Yoko Co., Ltd. (JPY) | 24485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Valor Holdings Co., Ltd. (JPY) | 5899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 | YAMABIKO Corp. (JPY) | 22390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp; Yokohama Rubber (The) Co., <br> Ltd. (JPY) | 25963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000 | Yonex Co., Ltd. (JPY) | 25628 |
|  |  | 2966411 |
|  | **Jersey — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3883 | &nbsp;&nbsp;&nbsp; Yellow Cake PLC <br> (GBP) (d) (h) (i) | 29793 |
|  | **Luxembourg — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325 | APERAM S.A. (EUR) | 10539 |
|  | **Netherlands — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1464 | Fugro N.V. (EUR) | 15615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4719 | &nbsp;&nbsp;&nbsp; Koninklijke BAM Groep N.V. <br> (EUR) | 44517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624 | &nbsp;&nbsp;&nbsp; Koninklijke Heijmans N.V. <br> (EUR) | 43371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4354 | &nbsp;&nbsp;&nbsp; MFE-MediaForEurope N.V., <br> Class A (EUR) | 16245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2269 | OCI N.V. (EUR) | 10496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244 | Signify N.V. (EUR) (h) (i) | 6388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp; Van Lanschot Kempen N.V. <br> (EUR) | 12262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303 | Wereldhave N.V. (EUR) | 6766 |
|  |  | 155660 |
|  | **Norway — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8193 | Aker Solutions ASA (NOK) | 24564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315 | Europris ASA (NOK) (h) (i) | 13335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3614 | Hoegh Autoliners ASA (NOK) | 38749 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Norway (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17365 | &nbsp;&nbsp;&nbsp; MPC Container Ships ASA <br> (NOK) | $28676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652 | &nbsp;&nbsp;&nbsp; Protector Forsikring ASA <br> (NOK) | 32079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1166 | SpareBank 1 Nord Norge (NOK) | 16428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302 | SpareBank 1 SMN (NOK) | 5860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3926 | &nbsp;&nbsp;&nbsp; Wallenius Wilhelmsen ASA <br> (NOK) | 34895 |
|  |  | 194586 |
|  | **Portugal — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3246 | &nbsp;&nbsp;&nbsp; CTT-Correios de Portugal S.A. <br> (EUR) | 27629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1116 | NOS SGPS S.A. (EUR) | 5097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22861 | Sonae SGPS S.A. (EUR) | 35912 |
|  |  | 68638 |
|  | **Singapore — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36500 | Capitaland India Trust (SGD) | 33955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49500 | &nbsp;&nbsp;&nbsp; Digital Core REIT Management <br> Pte Ltd. | 23513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40300 | Singapore Post Ltd. (SGD) (e) | 13121 |
|  |  | 70589 |
|  | **South Korea — 15.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1159 | &nbsp;&nbsp;&nbsp; Amorepacific Holdings Corp. <br> (KRW) | 22014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332 | APR Corp. (KRW) | 59157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331 | Binggrae Co., Ltd. (KRW) | 17694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179 | CJ Logistics Corp. (KRW) | 10742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141 | Cosmax, Inc. (KRW) | 21556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191 | Coway Co., Ltd. (KRW) | 13409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670 | Daesang Corp. (KRW) | 10506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2452 | &nbsp;&nbsp;&nbsp; Daewoo Engineering & <br> Construction Co., Ltd. <br> (KRW) (d) | 6256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723 | DB HiTek Co., Ltd. (KRW) | 29269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743 | DL E&C Co., Ltd. (KRW) | 22189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500 | DN Automotive Corp. (KRW) | 24429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309 | Doosan Bobcat, Inc. (KRW) | 12223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 | Doosan Co., Ltd. (KRW) | 30462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620 | &nbsp;&nbsp;&nbsp; DoubleUGames Co., Ltd. <br> (KRW) | 22979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286 | E-MART, Inc. (KRW) | 15390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122 | F&F Co., Ltd. (KRW) | 5452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455 | &nbsp;&nbsp;&nbsp; GS Engineering & Construction <br> Corp. (KRW) | 5967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420 | GS Holdings Corp. (KRW) | 13755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2549 | &nbsp;&nbsp;&nbsp; Hankook & Company Co., Ltd. <br> (KRW) | 41785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979 | &nbsp;&nbsp;&nbsp; Hankook Tire & Technology <br> Co., Ltd. (KRW) | 26759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943 | Hanwha Corp. (KRW) | 56860 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1817 | Hanwha Engine (KRW) (d) | $58147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2593 | HDC Holdings Co., Ltd. (KRW) | 32157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46 | Hugel, Inc. (KRW) (d) | 9901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. <br> (KRW) | 68765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | Hyosung TNC Corp. (KRW) | 10829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258 | &nbsp;&nbsp;&nbsp; Hyundai Department Store Co., <br> Ltd. (KRW) | 16274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286 | &nbsp;&nbsp;&nbsp; Hyundai Elevator Co., Ltd. <br> (KRW) | 16307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1074 | &nbsp;&nbsp;&nbsp; Hyundai Engineering & <br> Construction Co., Ltd. (KRW) | 41642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707 | &nbsp;&nbsp;&nbsp; Hyundai Marine & Fire <br> Insurance Co., Ltd. (KRW) (d) | 14185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175 | Hyundai Wia Corp. (KRW) | 6037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860 | &nbsp;&nbsp;&nbsp; iM Financial Group Co., Ltd. <br> (KRW) | 8434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884 | &nbsp;&nbsp;&nbsp; Innocean Worldwide, Inc. <br> (KRW) | 11467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444 | &nbsp;&nbsp;&nbsp; JB Financial Group Co., Ltd. <br> (KRW) | 7263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202 | &nbsp;&nbsp;&nbsp; Jusung Engineering Co., Ltd. <br> (KRW) | 4449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927 | Kangwon Land, Inc. (KRW) | 12131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 | KCC Corp. (KRW) | 16695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264 | Kolon Industries, Inc. (KRW) | 6398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577 | &nbsp;&nbsp;&nbsp; Korea Electric Terminal Co., <br> Ltd. (KRW) | 25168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650 | Korea Gas Corp. (KRW) | 18114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp; Kumho Petrochemical Co., Ltd. <br> (KRW) | 9524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6524 | Kumho Tire Co., Inc. (KRW) (d) | 21971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145 | LG Innotek Co., Ltd. (KRW) | 19408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | LG Uplus Corp. (KRW) | 8205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 | LIG Nex1 Co., Ltd. (KRW) | 34004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253 | LS Eco Energy Ltd. (KRW) | 6780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613 | LX International Corp. (KRW) | 13959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575 | LX Semicon Co., Ltd. (KRW) | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2527 | &nbsp;&nbsp;&nbsp; Mirae Asset Securities Co., Ltd. <br> (KRW) | 38453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 813 | Naturecell Co., Ltd. (KRW) (d) | 11850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 | Orion Corp. (KRW) | 4873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1445 | Orion Holdings Corp. (KRW) | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9154 | Pan Ocean Co., Ltd. (KRW) | 25184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp; PharmaResearch Co., Ltd. <br> (KRW) | 29985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374 | Poongsan Corp. (KRW) | 33240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88 | Rainbow Robotics (KRW) (d) | 19381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562 | Samsung E&A Co., Ltd (KRW) | 29836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595 | &nbsp;&nbsp;&nbsp; Sebang Global Battery Co., Ltd. <br> (KRW) | 27056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | Shinsegae, Inc. (KRW) | 7468 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 125 | SK Gas Ltd. (KRW) | $20625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007 | SL Corp. (KRW) | 24331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp; SM Entertainment Co., Ltd. <br> (KRW) | 6671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788 | Youngone Corp. (KRW) | 36450 |
|  |  | 1325712 |
|  | **Spain — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478 | &nbsp;&nbsp;&nbsp; Construcciones y Auxiliar de <br> Ferrocarriles S.A. (EUR) | 29575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356 | &nbsp;&nbsp;&nbsp; Grenergy Renovables S.A. <br> (EUR) (d) | 26875 |
| &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) (g) (j) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1518 | &nbsp;&nbsp;&nbsp; Tecnicas Reunidas S.A. <br> (EUR) (d) | 47229 |
|  |  | 103679 |
|  | **Sweden — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2406 | Ambea AB (SEK) (h) (i) | 34731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4383 | Attendo AB (SEK) (h) (i) | 32822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 682 | Betsson AB, Class B (SEK) | 11250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815 | Bure Equity AB (SEK) | 24032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905 | Clas Ohlson AB, Class B (SEK) | 35529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412 | INVISIO AB (SEK) | 13785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389 | Loomis AB (SEK) | 16594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465 | &nbsp;&nbsp;&nbsp; Modern Times Group MTG AB, <br> Class B (SEK) (d) | 5443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121 | NCC AB, Class B (SEK) | 25744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4064 | &nbsp;&nbsp;&nbsp; Storskogen Group AB, Class B <br> (SEK) | 4139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2378 | Truecaller AB, Class B (SEK) | 10478 |
|  |  | 214547 |
|  | **Switzerland — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59 | Aryzta AG (CHF) (d) | 4810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 | Cembra Money Bank AG (CHF) | 5399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348 | Implenia AG (CHF) | 29115 |
|  |  | 39324 |
|  | **United Kingdom — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1744 | Big Yellow Group PLC (GBP) | 22798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18683 | Currys PLC (GBP) | 35102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2776 | Drax Group PLC (GBP) | 26115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546 | Future PLC (GBP) | 4810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7682 | Hochschild Mining PLC (GBP) | 36718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328 | JET2 PLC (GBP) | 6238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228 | Johnson Matthey PLC (GBP) | 33196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22926 | &nbsp;&nbsp;&nbsp; Jupiter Fund Management PLC <br> (GBP) | 44400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223 | Lion Finance Group PLC (GBP) | 22943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1926 | &nbsp;&nbsp;&nbsp; Mitchells & Butlers PLC <br> (GBP) (d) | 6398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3540 | Mitie Group PLC (GBP) | 6627 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1894 | OSB Group PLC (GBP) | $14456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5514 | Quilter PLC (GBP) (h) (i) | 12325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13728 | RWS Holdings PLC (GBP) | 17041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3309 | Safestore Holdings PLC (GBP) | 29283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9010 | SigmaRoc PLC (GBP) (d) | 14614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4422 | &nbsp;&nbsp;&nbsp; Target Healthcare REIT PLC <br> (GBP) | 5757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394 | TBC Bank Group PLC (GBP) | 24084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1606 | TORM PLC, Class A (DKK) (e) | 33001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2167 | &nbsp;&nbsp;&nbsp; XPS Pensions Group PLC <br> (GBP) (i) | 9880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5529 | Zigup PLC (GBP) | 24241 |
|  |  | 430027 |
|  | **Total Common Stocks** | 8407025 |
|  | (Cost $6,060,438) |  |
| **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;&nbsp; 2160 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (k) | 2160 |
|  | (Cost $2,160) |  |

---

&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%** |
| $42456 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $42,461. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $43,305. (l) | 42456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62135 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $62,142. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $63,378. (l) | 62135 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $37256 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $37,260. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $38,001. (l) | $37256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66826 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $66,834. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $68,163. (l) | 66826 |
|  | **Total Repurchase Agreements** | 208673 |
|  | (Cost $208,673) |  |
|  | **Total Investments — 102.1%** | 8617858 |
|  | (Cost $6,271,271) |  |
|  | **Net Other Assets and** <br> **Liabilities — (2.1)%** | (176282)<br>|
|  | **Net Assets — 100.0%** | $8441576 |

---

&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) 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;(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 $199,571 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $208,673.

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

&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 September 30, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

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

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

&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 September 30, 2025.

&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 |
| 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; 26.1% |
| Consumer Discretionary | &nbsp;&nbsp; 17.4 |
| Materials | &nbsp;&nbsp; 16.0 |
| Financials | &nbsp;&nbsp; 10.1 |
| Energy | &nbsp;&nbsp;&nbsp; 7.6 |
| Information Technology | &nbsp;&nbsp;&nbsp; 5.4 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 4.3 |
| Health Care | &nbsp;&nbsp;&nbsp; 3.8 |
| Utilities | &nbsp;&nbsp;&nbsp; 2.4 |
| All Other | &nbsp;&nbsp;&nbsp; 6.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| JPY | &nbsp;&nbsp; 34.4% |
| KRW | &nbsp;&nbsp; 15.4 |
| EUR | &nbsp;&nbsp; 11.7 |
| HKD | &nbsp;&nbsp;&nbsp; 7.8 |
| CAD | &nbsp;&nbsp;&nbsp; 6.7 |
| GBP | &nbsp;&nbsp;&nbsp; 5.2 |
| AUD | &nbsp;&nbsp;&nbsp; 4.9 |
| USD | &nbsp;&nbsp;&nbsp; 3.2 |
| ILS | &nbsp;&nbsp;&nbsp; 3.1 |
| NOK | &nbsp;&nbsp;&nbsp; 2.7 |
| SEK | &nbsp;&nbsp;&nbsp; 2.5 |
| DKK | &nbsp;&nbsp;&nbsp; 1.4 |
| SGD | &nbsp;&nbsp;&nbsp; 0.5 |
| CHF | &nbsp;&nbsp;&nbsp; 0.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | $421336 | $421336 | $— | $—\*\* |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp; —\*\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —\*\* |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; 103679 | &nbsp;&nbsp; 103679 | &nbsp;&nbsp; — | &nbsp;&nbsp; —\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| &nbsp;&nbsp; 7882010 | &nbsp;&nbsp; 7882010 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | &nbsp;&nbsp; 2160 | &nbsp;&nbsp; 2160 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | &nbsp;&nbsp; 208673 | &nbsp;&nbsp; — | &nbsp;&nbsp; 208673 | &nbsp;&nbsp; — |
| Total Investments | $8617858 | $8409185 | $208673 | $—\*\* |

---

&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**

**September 30, 2025 (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%** |
|  | **Brazil — 18.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105856 | &nbsp;&nbsp;&nbsp; Banco ABC Brasil S.A. <br> (Preference Shares) (BRL) | $462427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605819 | &nbsp;&nbsp;&nbsp; Bradespar S.A. (Preference <br> Shares) (BRL) | 1927101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613007 | C&A Modas S.A. (BRL) | 1887770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549378 | &nbsp;&nbsp;&nbsp; Cia de Saneamento de Minas <br> Gerais Copasa MG (BRL) | 3560157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402158 | Cia De Sanena Do Parana (BRL) | 2799559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5191492 | Cogna Educacao S.A. (BRL) | 3257942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353571 | &nbsp;&nbsp;&nbsp; Cury Construtora e <br> Incorporadora S.A. (BRL) | 2296576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272390 | &nbsp;&nbsp;&nbsp; Cyrela Brazil Realty S.A. <br> Empreendimentos e <br> Participacoes (BRL) | 1571210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621394 | &nbsp;&nbsp;&nbsp; Direcional Engenharia S.A. <br> (BRL) | 1887912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400377 | &nbsp;&nbsp;&nbsp; EcoRodovias Infraestrutura e <br> Logistica S.A. (BRL) | 589028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217004 | Energisa S.A. (BRL) | 2073714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285344 | &nbsp;&nbsp;&nbsp; Ez Tec Empreendimentos e <br> Participacoes S.A. (BRL) | 881405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1578214 | Grendene S.A. (BRL) | 1544928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740629 | Grupo SBF S.A. (BRL) | 1809043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169535 | &nbsp;&nbsp;&nbsp; Intelbras S.A. Industria de <br> Telecomunicacao Eletronica <br> Brasileira (BRL) | 375240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169336 | &nbsp;&nbsp;&nbsp; IRB-Brasil Resseguros S.A. <br> (BRL) (c) | 1559014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388549 | &nbsp;&nbsp;&nbsp; Isa Energia Brasil S.A. <br> (Preference Shares) (BRL) | 1801025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595746 | JHSF Participacoes S.A. (BRL) | 3155522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177436 | Lojas Renner S.A. (BRL) | 504412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1063747 | &nbsp;&nbsp;&nbsp; Marcopolo S.A. (Preference <br> Shares) (BRL) | 1780823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604651 | &nbsp;&nbsp;&nbsp; MBRF Global Foods Company <br> S.A. (BRL) | 2206270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727389 | &nbsp;&nbsp;&nbsp; Metalurgica Gerdau S.A. <br> (Preference Shares) (BRL) | 1301093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1551195 | Minerva S.A. (BRL) (c) | 1967320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263195 | Petroreconcavo S.A. (BRL) | 623588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257725 | &nbsp;&nbsp;&nbsp; Randon S.A. Implementos e <br> Participacoes (Preference <br> Shares) (BRL) | 297808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314499 | Sao Martinho S.A. (BRL) | 1025826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65030 | TOTVS S.A. (BRL) | 561197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748807 | &nbsp;&nbsp;&nbsp; Tres Tentos Agroindustrial S.A. <br> (BRL) | 1966898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494315 | &nbsp;&nbsp;&nbsp; Vamos Locacao de Caminhoes <br> Maquinas e Equipamentos <br> S.A. (BRL) | 320426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610248 | Vibra Energia S.A. (BRL) | 2819484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218205 | Vivara Participacoes S.A. (BRL) | 1170921 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Brazil (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137345 | Vulcabras S.A. (BRL) | $507858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382594 | &nbsp;&nbsp;&nbsp; YDUQS Participacoes S.A. <br> (BRL) | 928764 |
|  |  | 51422261 |
|  | **Cayman Islands — 17.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1331103 | &nbsp;&nbsp;&nbsp; 361 Degrees International Ltd. <br> (HKD) | 1070773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985987 | 3SBio, Inc. (HKD) (d) (e) | 3801054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496258 | &nbsp;&nbsp;&nbsp; AK Medical Holdings Ltd. <br> (HKD) (d) (e) (f) | 352013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1144259 | &nbsp;&nbsp;&nbsp; China Conch Venture Holdings <br> Ltd. (HKD) | 1613030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3378963 | &nbsp;&nbsp;&nbsp; China Lesso Group Holdings <br> Ltd. (HKD) | 2118921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11550 | &nbsp;&nbsp;&nbsp; China Metal Recycling Holdings <br> Ltd. (HKD) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2377110 | &nbsp;&nbsp;&nbsp; China Resources Medical <br> Holdings Co., Ltd. (HKD) (f) | 1072181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2191643 | &nbsp;&nbsp;&nbsp; China Yongda Automobiles <br> Services Holdings Ltd. (HKD) | 537916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3171951 | &nbsp;&nbsp;&nbsp; China Zhongwang Holdings Ltd. <br> (HKD) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1991636 | &nbsp;&nbsp;&nbsp; COFCO Joycome Foods Ltd. <br> (HKD) (c) (e) (f) | 460674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318747 | &nbsp;&nbsp;&nbsp; Consun Pharmaceutical Group <br> Ltd. (HKD) | 699593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1757898 | &nbsp;&nbsp;&nbsp; Country Garden Services <br> Holdings Co., Ltd. (HKD) | 1493161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1294402 | Dongyue Group Ltd. (HKD) | 2019293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1171255 | &nbsp;&nbsp;&nbsp; EEKA Fashion Holdings Ltd. <br> (HKD) | 1136344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220218 | &nbsp;&nbsp;&nbsp; Everest Medicines Ltd. <br> (HKD) (c) (d) (e) (f) | 1593209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1954426 | Fufeng Group Ltd. (HKD) | 2200062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1339708 | &nbsp;&nbsp;&nbsp; Greentown China Holdings Ltd. <br> (HKD) | 1635480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2046659 | &nbsp;&nbsp;&nbsp; Greentown Management <br> Holdings Co., Ltd. <br> (HKD) (d) (e) (f) | 831083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 967413 | &nbsp;&nbsp;&nbsp; InnoCare Pharma Ltd., Class H <br> (HKD) (c) (d) (e) (f) | 2327177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231286 | &nbsp;&nbsp;&nbsp; JF SmartInvest Holdings Ltd. <br> (HKD) | 2217174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4512165 | Lonking Holdings Ltd. (HKD) | 1727877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2163266 | Meitu, Inc. (HKD) (d) (e) | 2576922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501700 | &nbsp;&nbsp;&nbsp; Newborn Town, Inc. <br> (HKD) (c) (e) | 4195245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1984069 | &nbsp;&nbsp;&nbsp; Q Technology Group Co., Ltd. <br> (HKD) (e) | 4275643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1283041 | &nbsp;&nbsp;&nbsp; Tianneng Power International <br> Ltd. (HKD) (f) | 1607521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188492 | &nbsp;&nbsp;&nbsp; Wanguo Gold Group Ltd. <br> (HKD) | 941255 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 357880 | &nbsp;&nbsp;&nbsp; Wisdom Marine Lines Co., Ltd. <br> (TWD) | $689270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456373 | XD, Inc. (HKD) (e) | 4764912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121541 | &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding <br> Ltd. (TWD) | 661979 |
|  |  | 48619762 |
|  | **Chile — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55923 | Banco Itau Chile S.A. (CLP) | 860864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202779 | &nbsp;&nbsp;&nbsp; Cia Cervecerias Unidas S.A. <br> (CLP) | 1246080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 22729716 | &nbsp;&nbsp;&nbsp; Cia Sud Americana de Vapores <br> S.A. (CLP) | 1189171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507994 | &nbsp;&nbsp;&nbsp; Embotelladora Andina S.A., <br> Class B (Preference Shares) <br> (CLP) | 2001478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1476665 | Engie Energia Chile S.A. (CLP) | 2134908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192115 | Parque Arauco S.A. (CLP) | 486367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4098585 | SMU S.A. (CLP) | 684298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593705 | Vina Concha y Toro S.A. (CLP) | 650869 |
|  |  | 9254035 |
|  | **China — 7.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5081396 | &nbsp;&nbsp;&nbsp; Angang Steel Co., Ltd., Class H <br> (HKD) (c) | 1475717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269262 | &nbsp;&nbsp;&nbsp; Anhui Expressway Co., Ltd., <br> Class H (HKD) | 395834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2918475 | &nbsp;&nbsp;&nbsp; BAIC Motor Corp., Ltd., <br> Class H (HKD) (c) (d) (e) | 795066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1317976 | &nbsp;&nbsp;&nbsp; Bank of Chongqing Co., Ltd., <br> Class H (HKD) | 1244820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5510379 | &nbsp;&nbsp;&nbsp; Beijing Jingneng Clean Energy <br> Co., Ltd., Class H (HKD) | 1791487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176449 | &nbsp;&nbsp;&nbsp; CanSino Biologics, Inc., Class H <br> (HKD) (c) (d) (e) (f) | 1122370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6173908 | &nbsp;&nbsp;&nbsp; China BlueChemical Ltd., <br> Class H (HKD) | 1888203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691382 | &nbsp;&nbsp;&nbsp; China Communications Services <br> Corp., Ltd., Class H (HKD) | 408684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1321795 | &nbsp;&nbsp;&nbsp; China Datang Corp. Renewable <br> Power Co., Ltd., Class H <br> (HKD) | 463701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2206069 | &nbsp;&nbsp;&nbsp; China National Building <br> Material Co., Ltd., Class H <br> (HKD) | 1564839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1780051 | &nbsp;&nbsp;&nbsp; Legend Holdings Corp., Class H <br> (HKD) (c) (d) (e) | 2619084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6339328 | &nbsp;&nbsp;&nbsp; Maanshan Iron & Steel Co., Ltd., <br> Class H (HKD) (c) | 2175034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213204 | &nbsp;&nbsp;&nbsp; Shanghai Conant Optical Co., <br> Ltd., Class H (HKD) (f) | 1133698 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **China (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522207 | &nbsp;&nbsp;&nbsp; Shanghai MicroPort MedBot <br> Group Co., Ltd., Class H <br> (HKD) (c) | $1936647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186560 | &nbsp;&nbsp;&nbsp; Yangtze Optical Fibre & Cable <br> Joint Stock Ltd., Co., Class H <br> (HKD) (d) (e) (f) | 1134423 |
|  |  | 20149607 |
|  | **Colombia — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258618 | &nbsp;&nbsp;&nbsp; Grupo de Inversiones <br> Suramericana S.A. (Preference <br> Shares) (COP) | 2341801 |
|  | **Czech Republic — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119739 | &nbsp;&nbsp;&nbsp; Moneta Money Bank A/S <br> (CZK) (d) (e) | 955159 |
|  | **Hong Kong — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1048642 | &nbsp;&nbsp;&nbsp; China Nonferrous Mining Corp., <br> Ltd. (HKD) | 2018602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1127221 | &nbsp;&nbsp;&nbsp; Genertec Universal Medical <br> Group Co., Ltd. (HKD) (d) (e) | 879244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475040 | &nbsp;&nbsp;&nbsp; Morimatsu International <br> Holdings Co., Ltd. (HKD) (e) | 670871 |
|  |  | 3568717 |
|  | **India — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8982 | &nbsp;&nbsp;&nbsp; Amber Enterprises India Ltd. <br> (INR) (c) | 818295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417398 | Manappuram Finance Ltd. (INR) | 1320048 |
|  |  | 2138343 |
|  | **Indonesia — 8.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17002025 | &nbsp;&nbsp;&nbsp; Alamtri Resources Indonesia <br> Tbk PT (IDR) | 1724178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11511463 | Aneka Tambang Tbk (IDR) | 2182792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7088980 | &nbsp;&nbsp;&nbsp; Bank Tabungan Negara Persero <br> Tbk PT (IDR) | 546615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9958329 | Bukit Asam Tbk PT (IDR) | 1404265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 18896828 | &nbsp;&nbsp;&nbsp; Bumi Resources Minerals Tbk <br> PT (IDR) (c) | 952495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25094988 | &nbsp;&nbsp;&nbsp; Ciputra Development Tbk PT <br> (IDR) | 1400440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 34534388 | &nbsp;&nbsp;&nbsp; Elang Mahkota Teknologi Tbk <br> PT (IDR) | 2600699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6375759 | &nbsp;&nbsp;&nbsp; Indah Kiat Pulp & Paper Tbk PT <br> (IDR) | 2811991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1366829 | &nbsp;&nbsp;&nbsp; Indo Tambangraya Megah Tbk <br> PT (IDR) | 1876160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883626 | &nbsp;&nbsp;&nbsp; Indofood Sukses Makmur Tbk <br> PT (IDR) | 383090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15606336 | &nbsp;&nbsp;&nbsp; Japfa Comfeed Indonesia Tbk <br> PT (IDR) | 1835489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 24482915 | &nbsp;&nbsp;&nbsp; Medco Energi Internasional Tbk <br> PT (IDR) | 2012697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16138256 | &nbsp;&nbsp;&nbsp; Perusahaan Gas Negara Tbk PT <br> (IDR) | 1636583 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 2571208 | Petrosea Tbk PT (IDR) | $1045301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7817753 | &nbsp;&nbsp;&nbsp; Sawit Sumbermas Sarana Tbk <br> PT (IDR) | 771689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 62737471 | Surya Citra Media Tbk PT (IDR) | 1264914 |
|  |  | 24449398 |
|  | **Malaysia — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15284000 | Bumi Armada Bhd (MYR) | 1271094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3431100 | &nbsp;&nbsp;&nbsp; Dayang Enterprise Holdings Bhd <br> (MYR) | 1304446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1034600 | Genting Bhd (MYR) | 717841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5301233 | Guan Chong Bhd (MYR) | 1152579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1672900 | Tanco Holdings Bhd (MYR) (j) | 357754 |
|  |  | 4803714 |
|  | **Malta — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1930241 | MAS PLC (ZAR) (c) | 2375079 |
|  | **Mexico — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1279896 | &nbsp;&nbsp;&nbsp; FIBRA Macquarie Mexico <br> (MXN) (d) (e) | 2193089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306124 | &nbsp;&nbsp;&nbsp; Genomma Lab Internacional <br> S.A.B. de C.V., Class B <br> (MXN) | 321611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1229155 | Gentera S.A.B. de C.V. (MXN) | 3187407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1160829 | &nbsp;&nbsp;&nbsp; La Comer S.A.B. de C.V. <br> (MXN) | 2719916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721867 | &nbsp;&nbsp;&nbsp; Megacable Holdings S.A.B. de <br> C.V., Series CPO (MXN) | 2326403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 993724 | &nbsp;&nbsp;&nbsp; Orbia Advance Corp. S.A.B. de <br> C.V. (MXN) | 960977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43587 | &nbsp;&nbsp;&nbsp; Qualitas Controladora S.A.B. de <br> C.V. (MXN) | 398539 |
|  |  | 12107942 |
|  | **Morocco — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8618 | Akdital Holding (MAD) | 1313946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19721 | &nbsp;&nbsp;&nbsp; Alliances Developpement <br> Immobilier S.A. (MAD) | 1138106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160090 | &nbsp;&nbsp;&nbsp; Douja Promotion Groupe <br> Addoha S.A. (MAD) | 681036 |
|  |  | 3133088 |
|  | **Philippines — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336300 | &nbsp;&nbsp;&nbsp; Converge Information and <br> Communications Technology <br> Solutions., Inc. (PHP) | 502586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3002880 | DigiPlus Interactive Corp. (PHP) | 1302796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5256000 | JG Summit Holdings, Inc. (PHP) | 2077113 |
|  |  | 3882495 |
|  | **Poland — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37197 | Asseco Poland S.A. (PLN) | 2050893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291810 | &nbsp;&nbsp;&nbsp; Cyfrowy Polsat S.A. <br> (PLN) (c) (f) | 1117576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479525 | Enea S.A. (PLN) | 2329911 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Poland (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335525 | Orange Polska S.A. (PLN) | $809399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1188004 | &nbsp;&nbsp;&nbsp; Tauron Polska Energia S.A. <br> (PLN) (c) | 2973074 |
|  |  | 9280853 |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp; 653736712 | &nbsp;&nbsp;&nbsp; Federal Grid Co. - Rosseti PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580351 | &nbsp;&nbsp;&nbsp; Mechel PJSC <br> (RUB) (c) (g) (h) (i) | 0 |
|  |  | 0 |
|  | **South Africa — 5.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47760 | &nbsp;&nbsp;&nbsp; African Rainbow Minerals Ltd. <br> (ZAR) | 513026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187884 | Exxaro Resources Ltd. (ZAR) | 1960216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668570 | Hyprop Investments Ltd. (ZAR) | 1809436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168734 | JSE Ltd. (ZAR) | 1245525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433027 | &nbsp;&nbsp;&nbsp; Life Healthcare Group Holdings <br> Ltd. (ZAR) | 1632819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 893069 | Momentum Group Ltd. (ZAR) | 1695642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159930 | Motus Holdings Ltd. (ZAR) | 963099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1667026 | Redefine Properties Ltd. (ZAR) | 479741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245099 | Resilient REIT Ltd. (ZAR) | 909151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962720 | Sappi Ltd. (ZAR) | 1288829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573345 | Telkom S.A. SOC Ltd. (ZAR) | 1698788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345232 | Thungela Resources Ltd. (ZAR) | 1749349 |
|  |  | 15945621 |
|  | **Taiwan — 7.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462481 | &nbsp;&nbsp;&nbsp; Advancetek Enterprise Co., Ltd. <br> (TWD) | 640354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55909 | &nbsp;&nbsp;&nbsp; Arcadyan Technology Corp. <br> (TWD) | 402652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496232 | Capital Securities Corp. (TWD) | 401343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 867551 | &nbsp;&nbsp;&nbsp; ChipMOS Technologies, Inc. <br> (TWD) | 839712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414139 | &nbsp;&nbsp;&nbsp; Flytech Technology Co., Ltd. <br> (TWD) | 1426754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108288 | &nbsp;&nbsp;&nbsp; Fusheng Precision Co., Ltd. <br> (TWD) | 927330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218394 | Greatek Electronics, Inc. (TWD) | 452151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 481051 | Hannstar Board Corp. (TWD) | 1444195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 603352 | &nbsp;&nbsp;&nbsp; Huang Hsiang Construction <br> Corp. (TWD) | 848272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1666157 | Innolux Corp. (TWD) | 787212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319276 | &nbsp;&nbsp;&nbsp; Johnson Health Tech Co., Ltd. <br> (TWD) | 1822758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1040409 | &nbsp;&nbsp;&nbsp; Kindom Development Co., Ltd. <br> (TWD) | 1228910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54105 | &nbsp;&nbsp;&nbsp; L&K Engineering Co., Ltd. <br> (TWD) | 637302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34846 | &nbsp;&nbsp;&nbsp; Nan Pao Resins Chemical Co., <br> Ltd. (TWD) | 449323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1069078 | Pou Chen Corp. (TWD) | 1011973 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 2075823 | Rechi Precision Co., Ltd. (TWD) | $1668668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1075170 | &nbsp;&nbsp;&nbsp; Ruentex Development Co., Ltd. <br> (TWD) | 1044197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1064254 | Ruentex Industries Ltd. (TWD) | 1829743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256234 | TA Chen Stainless Pipe (TWD) | 323676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594654 | Tatung Co., Ltd. (TWD) | 756048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694999 | &nbsp;&nbsp;&nbsp; Tigerair Taiwan Co., Ltd. <br> (TWD) | 1755854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748779 | &nbsp;&nbsp;&nbsp; Weikeng Industrial Co., Ltd. <br> (TWD) | 690357 |
|  |  | 21388784 |
|  | **Thailand — 5.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6809700 | AP Thailand PCL (THB) | 1859770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1014700 | Bangchak Corp. PCL (THB) | 962877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3119700 | Banpu PCL (THB) | 437076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140100 | &nbsp;&nbsp;&nbsp; Electricity Generating PCL <br> (THB) | 495030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 818700 | KCE Electronics PCL (THB) | 576033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3924600 | Prima Marine PCL (THB) | 835666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509000 | Ratch Group PCL (THB) | 404467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734700 | &nbsp;&nbsp;&nbsp; Regional Container Lines PCL <br> (THB) | 2236369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 27154700 | Sansiri PCL (THB) | 1223449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1785200 | &nbsp;&nbsp;&nbsp; Sri Trang Agro-Industry PCL <br> (THB) | 694137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7140700 | &nbsp;&nbsp;&nbsp; Star Petroleum Refining PCL <br> (THB) (d) (e) | 1053311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4016600 | Supalai PCL (THB) | 2255890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1573900 | Thai Oil PCL (THB) | 1712081 |
|  |  | 14746156 |
|  | **Turkey — 8.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974229 | &nbsp;&nbsp;&nbsp; AG Anadolu Grubu Holding A/S <br> (TRY) | 605946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2765780 | &nbsp;&nbsp;&nbsp; Ahlatci Dogal Gaz Dagitim <br> Enerji VE Yatirim A/S <br> (TRY) (c) | 1922471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1855749 | &nbsp;&nbsp;&nbsp; Anadolu Anonim Turk Sigorta <br> Sirketi (TRY) | 956055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104902 | Arcelik A/S (TRY) (c) | 319167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126603 | &nbsp;&nbsp;&nbsp; Astor Transformator Enerji <br> Turizm Insaat Ve Petrol <br> Sanayi Ticaret A/S (TRY) (f) | 297193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170404 | Aygaz A/S (TRY) | 747565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3291089 | &nbsp;&nbsp;&nbsp; Baticim Bati Anadolu Cimento <br> Sanayii A/S (TRY) (j) | 341954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1117053 | &nbsp;&nbsp;&nbsp; Cimsa Cimento Sanayi VE <br> Ticaret A/S (TRY) (f) | 1265432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4519817 | &nbsp;&nbsp;&nbsp; Dogan Sirketler Grubu Holding <br> A/S (TRY) (f) | 1862183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188329 | &nbsp;&nbsp;&nbsp; Dogus Otomotiv Servis ve <br> Ticaret A/S (TRY) | 796760 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Turkey (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5561507 | &nbsp;&nbsp;&nbsp; Emlak Konut Gayrimenkul <br> Yatirim Ortakligi A/S <br> (TRY) (f) | $2657875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109369 | &nbsp;&nbsp;&nbsp; Gubre Fabrikalari T.A.S. <br> (TRY) (c) | 750350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1428918 | &nbsp;&nbsp;&nbsp; Is Yatirim Menkul Degerler A/S <br> (TRY) | 1492249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981041 | &nbsp;&nbsp;&nbsp; Kardemir Karabuk Demir Celik <br> Sanayi ve Ticaret A/S, <br> Class D (TRY) (c) | 670116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87120 | Migros Ticaret A/S (TRY) | 932443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1512309 | NET Holding A/S (TRY) (c) | 1556785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1889889 | &nbsp;&nbsp;&nbsp; Oyak Cimento Fabrikalari A/S <br> (TRY) (f) (j) | 962734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278992 | &nbsp;&nbsp;&nbsp; Pegasus Hava Tasimaciligi A/S <br> (TRY) (c) (f) | 1452760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479402 | Tekfen Holding A/S (TRY) (c) | 939727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3922379 | &nbsp;&nbsp;&nbsp; Turkiye Sinai Kalkinma Bankasi <br> A/S (TRY) (c) | 1260376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238508 | &nbsp;&nbsp;&nbsp; Ulker Biskuvi Sanayi A/S <br> (TRY) (f) | 599465 |
|  |  | 22389606 |
|  | **Virgin Islands — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149537 | DPC Dash Ltd. (HKD) (c) | 1671781 |
|  | **Total Common Stocks** | 274624202 |
|  | (Cost $225,215,772) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 3.8%** | **REPURCHASE AGREEMENTS — 3.8%** | **REPURCHASE AGREEMENTS — 3.8%** |
| $2153592 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $2,153,843. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $2,196,664. (l) | 2153592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3151829 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $3,152,197. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $3,214,866. (l) | 3151829 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $1889644 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $1,889,864. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $1,927,437. (l) | $1889644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3389795 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (k), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $3,390,190. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $3,457,591. (l) | 3389795 |
|  | **Total Repurchase Agreements** | 10584860 |
|  | (Cost $10,584,860) |  |
|  | **Total Investments — 103.3%** | 285209062 |
|  | (Cost $235,800,632) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.3)%** | (9169684)<br>|
|  | **Net Assets — 100.0%** | $276039378 |

---

&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;(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 $6,325,789 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $10,584,860.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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;(h) 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 September 30, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&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) Non-income producing security which makes payment-in- kind distributions.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Rate shown reflects yield as of September 30, 2025.

&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: |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| CZK | – Czech Koruna |
| HKD | – Hong Kong Dollar |
| IDR | – Indonesian Rupiah |
| INR | – Indian Rupee |
| MAD | – Moroccan Dirham |
| 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;

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Consumer Discretionary | &nbsp;&nbsp; 14.9% |
| Materials | &nbsp;&nbsp; 11.2 |
| Real Estate | &nbsp;&nbsp; 10.4 |
| Industrials | &nbsp;&nbsp;&nbsp; 8.9 |
| Utilities | &nbsp;&nbsp;&nbsp; 8.8 |
| Financials | &nbsp;&nbsp;&nbsp; 7.8 |
| Communication Services | &nbsp;&nbsp;&nbsp; 7.7 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 7.2 |
| Energy | &nbsp;&nbsp;&nbsp; 6.6 |
| All Other | &nbsp;&nbsp; 16.5 |
| &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; 25.5% |
| BRL | &nbsp;&nbsp; 18.0 |
| IDR | &nbsp;&nbsp;&nbsp; 8.6 |
| TWD | &nbsp;&nbsp;&nbsp; 8.0 |
| TRY | &nbsp;&nbsp;&nbsp; 7.9 |
| ZAR | &nbsp;&nbsp;&nbsp; 6.4 |
| THB | &nbsp;&nbsp;&nbsp; 5.2 |
| MXN | &nbsp;&nbsp;&nbsp; 4.2 |
| USD | &nbsp;&nbsp;&nbsp; 3.7 |
| PLN | &nbsp;&nbsp;&nbsp; 3.3 |
| CLP | &nbsp;&nbsp;&nbsp; 3.2 |
| MYR | &nbsp;&nbsp;&nbsp; 1.7 |
| PHP | &nbsp;&nbsp;&nbsp; 1.4 |
| MAD | &nbsp;&nbsp;&nbsp; 1.1 |
| COP | &nbsp;&nbsp;&nbsp; 0.8 |
| INR | &nbsp;&nbsp;&nbsp; 0.7 |
| CZK | &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 September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cayman Islands | $48619762 | $48619762 | $— | $—\*\* |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp; —\*\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —\*\* |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp; 14746156 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14746156 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| &nbsp;&nbsp; 211258284 | &nbsp;&nbsp; 211258284 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 10584860 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10584860 | &nbsp;&nbsp; — |
| Total Investments | $285209062 | $259878046 | $25331016 | $—\*\* |

---

&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**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.7%** | **COMMON STOCKS (a) (b) — 99.7%** | **COMMON STOCKS (a) (b) — 99.7%** |
|  | **Austria — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2684 | ANDRITZ AG (EUR) | $188754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5841 | &nbsp;&nbsp;&nbsp; BAWAG Group AG <br> (EUR) (c) (d) | 768056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2177 | Erste Group Bank AG (EUR) | 212652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12113 | OMV AG (EUR) | 645932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17547 | &nbsp;&nbsp;&nbsp; Raiffeisen Bank International <br> AG (EUR) | 604437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4239 | Verbund AG (EUR) | 308065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17064 | &nbsp;&nbsp;&nbsp; Vienna Insurance Group AG <br> Wiener Versicherung Gruppe <br> (EUR) | 938595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12332 | voestalpine AG (EUR) | 439855 |
|  |  | 4106346 |
|  | **Belgium — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694 | &nbsp;&nbsp;&nbsp; Ackermans & van Haaren N.V. <br> (EUR) | 177625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5013 | Ageas S.A./N.V. (EUR) | 346658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10953 | Colruyt Group N.V. (EUR) | 431047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4033 | &nbsp;&nbsp;&nbsp; Groupe Bruxelles Lambert N.V. <br> (EUR) | 360093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7419 | KBC Ancora (EUR) | 587074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3303 | KBC Group N.V. (EUR) | 393413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2939 | Sofina S.A. (EUR) (e) | 866086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12658 | &nbsp;&nbsp;&nbsp; Warehouses De Pauw C.V.A. <br> (EUR) | 316246 |
|  |  | 3478242 |
|  | **Finland — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18363 | Fortum Oyj (EUR) | 347210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2359 | Konecranes Oyj (EUR) | 194425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28664 | Nokia Oyj (EUR) | 137271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11787 | Nordea Bank Abp (EUR) | 193394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7587 | Orion Oyj, Class B (EUR) | 580326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15921 | &nbsp;&nbsp;&nbsp; Stora Enso Oyj, Class R <br> (EUR) (e) | 174510 |
|  |  | 1627136 |
|  | **France — 15.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7883 | Arkema S.A. (EUR) | 496071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7043 | AXA S.A. (EUR) | 336046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5412 | BNP Paribas S.A. (EUR) | 491353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15242 | Bouygues S.A. (EUR) | 685733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1005 | Capgemini SE (EUR) | 145780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42667 | Carrefour S.A. (EUR) | 645954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1513 | Cie de Saint-Gobain S.A. (EUR) | 162820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12842 | &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin S.C.A. (EUR) | 460457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33082 | Credit Agricole S.A. (EUR) | 649405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3881 | Eiffage S.A. (EUR) | 495292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27018 | Elis S.A. (EUR) | 776520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15386 | Engie S.A. (EUR) | 329758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1304 | Ipsen S.A. (EUR) | 173918 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727 | Kering S.A. (EUR) | $241167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17948 | Klepierre S.A. (EUR) | 698745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46265 | Orange S.A. (EUR) | 750126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11922 | Renault S.A. (EUR) | 487098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 574 | Safran S.A. (EUR) | 202239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5212 | SCOR SE (EUR) | 183575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13407 | Societe Generale S.A. (EUR) | 887136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10580 | SPIE S.A. (EUR) | 568904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7501 | Teleperformance SE (EUR) | 557808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2260 | Thales S.A. (EUR) | 707386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11627 | TotalEnergies SE (EUR) | 706152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31803 | Vallourec SACA (EUR) | 604322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4676 | Wendel SE (EUR) | 447425 |
|  |  | 12891190 |
|  | **Germany — 28.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1576 | Allianz SE (EUR) | 661300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7969 | Aurubis AG (EUR) | 993611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34171 | Auto1 Group SE (EUR) (f) | 1163439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9415 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) | 944429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2328 | Brenntag SE (EUR) | 139120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33080 | Commerzbank AG (EUR) | 1246301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14091 | Continental AG (EUR) | 928426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7475 | &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG <br> (EUR) | 307337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31791 | Deutsche Bank AG (EUR) | 1117864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020 | Deutsche Boerse AG (EUR) | 273158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103597 | Deutsche Lufthansa AG (EUR) | 876698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12162 | Deutsche Telekom AG (EUR) | 414229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7028 | DHL Group (EUR) | 313052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15097 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) | 731675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29815 | E.ON SE (EUR) | 560596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7195 | &nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport <br> Services Worldwide (EUR) (f) | 621300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3950 | Freenet AG (EUR) | 126233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6080 | &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG <br> (EUR) | 318794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3523 | &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA <br> (EUR) | 196055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4964 | GEA Group AG (EUR) | 366290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2642 | Heidelberg Materials AG (EUR) | 594159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1888 | &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA <br> (Preference Shares) (EUR) | 152281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8987 | Hensoldt AG (EUR) | 1163799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4418 | HOCHTIEF AG (EUR) | 1181591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14490 | KION Group AG (EUR) | 977341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1106 | Krones AG (EUR) | 161014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12801 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 803604 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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;&nbsp;&nbsp;&nbsp; 476 | &nbsp;&nbsp;&nbsp; Muenchener <br> Rueckversicherungs-<br> Gesellschaft AG in Muenchen <br> (EUR) | $303679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526 | Rheinmetall AG (EUR) | 1225532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21008 | RWE AG (EUR) | 932812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1440 | Scout24 SE (EUR) (c) (d) | 180222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7731 | Siemens Energy AG (EUR) (f) | 902396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5739 | Talanx AG (EUR) | 762730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73297 | thyssenkrupp AG (EUR) | 1004687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7415 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 800568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7324 | Wacker Chemie AG (EUR) | 551181 |
|  |  | 23997503 |
|  | **Greece — 4.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315313 | Alpha Bank S.A. (EUR) | 1337882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112474 | &nbsp;&nbsp;&nbsp; Eurobank Ergasias Services and <br> Holdings S.A. (EUR) | 433390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27748 | &nbsp;&nbsp;&nbsp; Hellenic Telecommunications <br> Organization S.A. (EUR) | 525152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29362 | &nbsp;&nbsp;&nbsp; National Bank of Greece S.A. <br> (EUR) | 426253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109935 | &nbsp;&nbsp;&nbsp; Piraeus Financial Holdings S.A. <br> (EUR) | 931108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20093 | Public Power Corp. S.A. (EUR) | 330735 |
|  |  | 3984520 |
|  | **Ireland — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69952 | AIB Group PLC (EUR) | 633613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25585 | &nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC <br> (EUR) | 420985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11173 | Ryanair Holdings PLC, ADR | 672838 |
|  |  | 1727436 |
|  | **Italy — 16.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311770 | A2A S.p.A. (EUR) | 815159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16157 | Azimut Holding S.p.A. (EUR) | 624655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5357 | Banca Generali S.p.A. (EUR) | 298244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18660 | &nbsp;&nbsp;&nbsp; Banca Mediolanum S.p.A. <br> (EUR) | 373529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76000 | &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena <br> S.p.A. (EUR) | 672780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59379 | Banco BPM S.p.A. (EUR) | 887112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57728 | BPER Banca S.p.A. (EUR) | 639532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15687 | Buzzi S.p.A. (EUR) | 861196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33190 | Credito Emiliano S.p.A. (EUR) | 533846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18506 | Enel S.p.A. (EUR) | 175250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38813 | Eni S.p.A. (EUR) | 677422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7625 | &nbsp;&nbsp;&nbsp; FinecoBank Banca Fineco S.p.A <br> (EUR) | 164764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8569 | Generali (EUR) | 336120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34684 | Hera S.p.A. (EUR) | 155961 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87920 | Intesa Sanpaolo S.p.A. (EUR) | $579493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41820 | Italgas S.p.A. (EUR) | 384690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15474 | Leonardo S.p.A. (EUR) | 981398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37275 | Lottomatica Group S.p.A. (EUR) | 1003044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16071 | &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito <br> Finanziario S.p.A. (EUR) | 325194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56489 | Nexi S.p.A. (EUR) (c) (d) | 319402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101380 | Pirelli & C S.p.A. (EUR) (c) (d) | 689634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25333 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (d) | 600497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64800 | Saipem S.p.A. (EUR) | 186925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1339167 | Telecom Italia S.p.A. (EUR) (f) | 700124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8078 | UniCredit S.p.A. (EUR) | 611434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28275 | &nbsp;&nbsp;&nbsp; Unipol Assicurazioni S.p.A. <br> (EUR) | 606166 |
|  |  | 14203571 |
|  | **Luxembourg — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20965 | ArcelorMittal S.A. (EUR) | 752697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30729 | Tenaris S.A. (EUR) | 548017 |
|  |  | 1300714 |
|  | **Netherlands — 6.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21498 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (c) (d) | 687785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10474 | ASR Nederland N.V. (EUR) | 710523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2076 | Euronext N.V. (EUR) (c) (d) | 310516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7712 | ING Groep N.V. (EUR) | 199874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27618 | Iveco Group N.V. (EUR) | 595161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4014 | &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize <br> N.V. (EUR) | 162351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10379 | Koninklijke Vopak N.V. (EUR) | 475722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2705 | NN Group N.V. (EUR) | 190231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3258 | Prosus N.V. (EUR) | 229274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34684 | STMicroelectronics N.V. (EUR) | 971193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18413 | Technip Energies N.V. (EUR) | 866443 |
|  |  | 5399073 |
|  | **Portugal — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746973 | &nbsp;&nbsp;&nbsp; Banco Comercial Portugues <br> S.A., Class R (EUR) | 660546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89163 | EDP S.A. (EUR) | 422602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17097 | Galp Energia SGPS S.A. (EUR) | 323172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7078 | &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS S.A. <br> (EUR) | 172016 |
|  |  | 1578336 |
|  | **Spain — 12.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297 | Acciona S.A. (EUR) | 460883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10521 | &nbsp;&nbsp;&nbsp; ACS Actividades de <br> Construccion y Servicios S.A. <br> (EUR) | 839951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44236 | &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya <br> Argentaria S.A. (EUR) | 848625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268768 | Banco de Sabadell S.A. (EUR) | 1041308 |

---

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (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; 111958 | Banco Santander S.A. (EUR) | $1166440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67710 | Bankinter S.A. (EUR) | 1065632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77355 | CaixaBank S.A. (EUR) | 812466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5663 | Endesa S.A. (EUR) | 180910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25961 | Indra Sistemas S.A. (EUR) | 1161273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4722 | Logista Integral S.A. (EUR) | 160218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97634 | Mapfre S.A. (EUR) | 461949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56398 | Repsol S.A. (EUR) | 997518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406617 | &nbsp;&nbsp;&nbsp; Unicaja Banco S.A. <br> (EUR) (c) (d) (e) | 1112319 |
|  |  | 10309492 |
|  | **Total Common Stocks** | 84603559 |
|  | (Cost $72,262,729) |  |
| **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; 29285 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 29285 |
|  | (Cost $29,285) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** |
| $402316 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $402,363. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $410,362. (h) | 402316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588797 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $588,866. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $600,573. (h) | 588797 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $353008 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $353,049. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $360,068. (h) | $353008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633250 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $633,324. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $645,915. (h) | 633250 |
|  | **Total Repurchase Agreements** | 1977371 |
|  | (Cost $1,977,371) |  |
|  | **Total Investments — 102.1%** | 86610215 |
|  | (Cost $74,269,385) |  |
|  | **Net Other Assets and** <br> **Liabilities — (2.1)%** | (1792885)<br>|
|  | **Net Assets — 100.0%** | $84817330 |

---

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

&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 $1,867,599 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $1,977,371.

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

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of September 30, 2025.

&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: | 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>|
| Financials | &nbsp;&nbsp; 38.8% |
| Industrials | &nbsp;&nbsp; 18.7 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 9.8 |
| Energy | &nbsp;&nbsp;&nbsp; 7.0 |
| Materials | &nbsp;&nbsp;&nbsp; 6.8 |
| Utilities | &nbsp;&nbsp;&nbsp; 6.2 |
| Communication Services | &nbsp;&nbsp;&nbsp; 3.1 |
| Information Technology | &nbsp;&nbsp;&nbsp; 2.8 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 2.3 |
| All Other | &nbsp;&nbsp;&nbsp; 4.5 |
| &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; 96.9% |
| USD | &nbsp;&nbsp;&nbsp; 3.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $84603559 | $84603559 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 29285 | &nbsp;&nbsp; 29285 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | &nbsp;&nbsp; 1977371 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1977371 | &nbsp;&nbsp; — |
| Total Investments | $86610215 | $84632844 | $1977371 | $— |

---

&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**

**September 30, 2025 (Unaudited)**

**Valuation Inputs**

The Funds are subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

**Licensing Information**

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 Europe AlphaDEX Fund

- **b. EDGAR series identifier (if any):** S000031796

- **c. LEI of Series:** 5493000IHJBNPZO0TC53

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $346748620.64

**Total Liabilities:** $2820837.88

**Net Assets:** $343927782.76

**Cash Not Reported:** $263485.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099050 | -0.21%               | 4.17%                | 3.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1826.46                 | $-879244.84                                |
| Month 2  | $540137.21               | $10900163.77                               |
| Month 3  | $21028.05                | $10944200.15                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Unicaja Banco SA                   | Unicaja Banco SA                                          | CUSIP: 000000000<br>LEI: 5493007SJLLCTM6J6M37 | Long             | EC               | CORP              | ES        |   1226927 | NS      | $3356313.37   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Arkema SA                          | Arkema SA                                                 | CUSIP: 000000000<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |     23786 | NS      | $1496835.46   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                  | HSBC Holdings PLC                                         | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    120268 | NS      | $1690270.46   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                  | Ashtead Group PLC                                         | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      8450 | NS      | $564242.49    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC        | Berkeley Group Holdings PLC                               | CUSIP: 000000000<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     29325 | NS      | $1512886.83   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                        | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |     47470 | NS      | $47470.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                     | Commerzbank AG                                            | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |     99816 | NS      | $3760605.15   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc              | Anglogold Ashanti Plc                                     | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     36328 | NS      | $2552699.35   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV              | STMicroelectronics NV                                     | CUSIP: 000000000<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |    104657 | NS      | $2930518.87   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA             | Warehouses De Pauw CVA                                    | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     38196 | NS      | $954283.39    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                      | Volkswagen AG                                             | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     17898 | NS      | $1932374.62   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexi SpA                           | Nexi SpA                                                  | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | EC               | CORP              | IT        |    170451 | NS      | $963771.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                             | AXA SA                                                    | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     10625 | NS      | $506956.27    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                    | Pirelli & C SpA                                           | CUSIP: 000000000<br>LEI: 815600A0C9AFC1F2A709 | Long             | EC               | CORP              | IT        |    229427 | NS      | $1560669.26   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Avolta AG                          | Avolta AG                                                 | CUSIP: 000000000<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |     10408 | NS      | $562990.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Poste Italiane SpA                 | Poste Italiane SpA                                        | CUSIP: 000000000<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | CORP              | IT        |     76438 | NS      | $1811896.94   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                          | Thales SA                                                 | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      6818 | NS      | $2134052.01   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediobanca Banca di Credito Fi     | Mediobanca Banca di Credito Finanziario SpA               | CUSIP: 000000000<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | EC               | CORP              | IT        |     48494 | NS      | $981266.91    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenor ASA                        | Telenor ASA                                               | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |     94959 | NS      | $1573840.36   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrivarden AB                  | Industrivarden AB                                         | CUSIP: 000000000<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |     37091 | NS      | $1469157.24   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Storebrand ASA                     | Storebrand ASA                                            | CUSIP: 000000000<br>LEI: 5967007LIEEXZX7NA051 | Long             | EC               | CORP              | NO        |     71636 | NS      | $1092534.15   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                         | ANDRITZ AG                                                | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |      8097 | NS      | $569428.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Bank SA                      | Alpha Bank SA                                             | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | EC               | CORP              | GR        |    951427 | NS      | $4036932.41   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Air     | International Consolidated Airlines Group SA              | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | GB        |    402999 | NS      | $2092635.52   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PL     | Babcock International Group PLC                           | CUSIP: 000000000<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    193558 | NS      | $3462203.48   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vienna Insurance                   | Vienna Insurance Group AG Wiener Versicherung Gruppe      | CUSIP: 000000000<br>LEI: 549300JCRU23I1THU176 | Long             | EC               | CORP              | AT        |     51492 | NS      | $2832286.70   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                 | Vodafone Group PLC                                        | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |   1922305 | NS      | $2227500.49   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendel SE                          | Wendel SE                                                 | CUSIP: 000000000<br>LEI: 969500M98ZMIZYJD5O34 | Long             | EC               | CORP              | FR        |      9407 | NS      | $900112.12    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.              | BOFA SECURITIES INC                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |    528661 | PA      | $528661.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group PLC                       | BT Group PLC                                              | CUSIP: 000000000<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |    211239 | NS      | $543048.01    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| easyJet PLC                        | easyJet PLC                                               | CUSIP: 000000000<br>LEI: 2138001S47XKWIB7TH90 | Long             | EC               | CORP              | GB        |    396044 | NS      | $2471446.65   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT PLC            | Tritax Big Box REIT PLC                                   | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |   1247650 | NS      | $2424657.72   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                       | GEA Group AG                                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     14978 | NS      | $1105215.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                         | Scout24 SE                                                | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |      4342 | NS      | $543419.08    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                        | Pearson PLC                                               | CUSIP: 000000000<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |     28764 | NS      | $408703.73    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                     | BAWAG Group AG                                            | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     17626 | NS      | $2317712.94   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                           | Cie Generale des Etablissements Michelin SCA              | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     25833 | NS      | $926257.49    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                       | KBC Group NV                                              | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      9967 | NS      | $1187146.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA          | Gjensidige Forsikring ASA                                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |     19701 | NS      | $577632.52    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                | Erste Group Bank AG                                       | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      6570 | NS      | $641765.78    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                      | UniCredit SpA                                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     24372 | NS      | $1844746.51   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                     | Rheinmetall AG                                            | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      1270 | NS      | $2958984.44   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx AG                          | Talanx AG                                                 | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |     21646 | NS      | $2876815.03   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins SGPS SA           | Jeronimo Martins SGPS SA                                  | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     21359 | NS      | $519085.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA                 | Credit Agricole SA                                        | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     99822 | NS      | $1959523.15   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC          | Bank of Ireland Group PLC                                 | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |     77202 | NS      | $1270309.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouygues SA                        | Bouygues SA                                               | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     22995 | NS      | $1034538.77   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                 | Deutsche Boerse AG                                        | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      3077 | NS      | $824025.48    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG          | Fresenius Medical Care AG                                 | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     18345 | NS      | $961887.53    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| J Sainsbury PLC                    | J Sainsbury PLC                                           | CUSIP: 000000000<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |    148954 | NS      | $669096.04    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                           | Hera SpA                                                  | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    104657 | NS      | $470603.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A SpA                            | A2A SpA                                                   | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | EC               | CORP              | IT        |    752589 | NS      | $1967731.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB                            | SSAB AB                                                   | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    372940 | NS      | $2162912.56   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC         | JP MORGAN SECURITIES LLC                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |    773708 | PA      | $773708.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                    | Norsk Hydro ASA                                           | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     78975 | NS      | $534965.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                         | Boliden AB                                                | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     69392 | NS      | $2820819.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG              | Deutsche Lufthansa AG                                     | CUSIP: 000000000<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    312595 | NS      | $2645359.27   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Power Corp SA               | Public Power Corp SA                                      | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | EC               | CORP              | GR        |     60627 | NS      | $997934.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VZ Holding AG                      | VZ Holding AG                                             | CUSIP: 000000000<br>LEI: 529900JMJUZCFUVQ0Q82 | Long             | EC               | CORP              | CH        |      2373 | NS      | $496033.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC               | Ryanair Holdings PLC                                      | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     33715 | NS      | $2030317.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                      | Fresnillo PLC                                             | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |    192771 | NS      | $6118479.73   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                            | E.ON SE                                                   | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     59975 | NS      | $1127677.87   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                      | Rio Tinto PLC                                             | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     38192 | NS      | $2510435.07   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BPM SpA                      | Banco BPM SpA                                             | CUSIP: 000000000<br>LEI: 815600E4E6DCD2D25E30 | Long             | EC               | CORP              | IT        |    223961 | NS      | $3345939.22   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc                        | Autoliv Inc                                               | CUSIP: 000000000<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | SE        |      5141 | NS      | $632358.73    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KION Group AG                      | KION Group AG                                             | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     43721 | NS      | $2948953.86   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Generali                           | Generali                                                  | CUSIP: 000000000<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |     25857 | NS      | $1014244.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                  | Siemens Energy AG                                         | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     23326 | NS      | $2722713.14   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                            | Saab AB                                                   | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |     46157 | NS      | $2816663.46   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                        | Euronext NV                                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |      3131 | NS      | $468317.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                   | Deutsche Bank AG                                          | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     95927 | NS      | $3373071.50   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Indra Sistemas SA                  | Indra Sistemas SA                                         | CUSIP: 000000000<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |     78336 | NS      | $3504081.71   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                        | Equinor ASA                                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     68384 | NS      | $1667877.37   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                             | EDP SA                                                    | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    269041 | NS      | $1275161.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Azimut Holding SpA                 | Azimut Holding SpA                                        | CUSIP: 000000000<br>LEI: 81560025690EF8540635 | Long             | EC               | CORP              | IT        |     32502 | NS      | $1256578.64   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sulzer AG                          | Sulzer AG                                                 | CUSIP: 000000000<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |      2671 | NS      | $452296.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Credito Emiliano SpA               | Credito Emiliano SpA                                      | CUSIP: 000000000<br>LEI: 8156004B244AA70DE787 | Long             | EC               | CORP              | IT        |    133534 | NS      | $2147831.88   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                         | Fortum Oyj                                                | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     55411 | NS      | $1047718.42   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                | Intesa Sanpaolo SpA                                       | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    353720 | NS      | $2331416.59   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                          | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      2156 | NS      | $1375486.23   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Telecom Italia SpA/Milano          | Telecom Italia SpA/Milano                                 | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EC               | CORP              | IT        |   2693872 | NS      | $1408372.41   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                       | CaixaBank SA                                              | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |    233414 | NS      | $2451566.35   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                            | SPIE SA                                                   | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |     31924 | NS      | $1716606.05   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                     | BNP Paribas SA                                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     16329 | NS      | $1482502.58   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC           | Rolls-Royce Holdings PLC                                  | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    140323 | NS      | $2245771.91   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                      | AIB Group PLC                                             | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    140715 | NS      | $1274571.45   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapfre SA                          | Mapfre SA                                                 | CUSIP: 000000000<br>LEI: 95980020140005693107 | Long             | EC               | CORP              | ES        |    294601 | NS      | $1393885.57   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated British Foods PLC       | Associated British Foods PLC                              | CUSIP: 000000000<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |     91712 | NS      | $2529773.55   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                           | Next PLC                                                  | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      3161 | NS      | $526089.37    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BKW AG                             | BKW AG                                                    | CUSIP: 000000000<br>LEI: 549300IE30SKTUO98Q38 | Long             | EC               | CORP              | CH        |      2588 | NS      | $552353.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa              | Lottomatica Group Spa                                     | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |     89979 | NS      | $2421272.30   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SPA                     | BPER Banca SPA                                            | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |    174186 | NS      | $1929696.62   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurobank Ergasias Services and     | Eurobank Ergasias Services and Holdings SA                | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |    339382 | NS      | $1307721.42   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacker Chemie AG                   | Wacker Chemie AG                                          | CUSIP: 000000000<br>LEI: 0NURKC5Q3CJYZPPK5046 | Long             | EC               | CORP              | DE        |     16573 | NS      | $1247231.35   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo Car AB                       | Volvo Car AB                                              | CUSIP: 000000000<br>LEI: 5299000EAMGGBEYP7J33 | Long             | EC               | CORP              | SE        |   1183534 | NS      | $2426933.62   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Zurich Insurance Group AG          | Zurich Insurance Group AG                                 | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      1301 | NS      | $926005.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                       | Klepierre SA                                              | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     40617 | NS      | $1581285.26   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                     | voestalpine AG                                            | CUSIP: 000000000<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     18606 | NS      | $663634.02    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                         | Acciona SA                                                | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      3466 | NS      | $695438.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TELECOM ITALIA SPA/MILANO          | TELECOM ITALIA SPA/MILANO                                 | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EC               | CORP              | IT        |   2462453 | NS      | $40.70        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd                         | Hiscox Ltd                                                | CUSIP: 000000000<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |     89373 | NS      | $1645506.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA               | Galp Energia SGPS SA                                      | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     25793 | NS      | $487545.99    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                        | Investor AB                                               | CUSIP: 000000000<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     76125 | NS      | $2377693.35   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG            | Heidelberg Materials AG                                   | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      5314 | NS      | $1195065.10   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG             | Dr Ing hc F Porsche AG                                    | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |     36442 | NS      | $1766158.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                         | Eiffage SA                                                | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      7806 | NS      | $996198.65    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV      | Koninklijke Ahold Delhaize NV                             | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     12113 | NS      | $489924.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                   | Deutsche Post AG                                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     21207 | NS      | $944635.84    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                         | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      4756 | NS      | $1995649.43   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Helvetia Holding AG                | Helvetia Holding AG                                       | CUSIP: 000000000<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |      8759 | NS      | $2142299.23   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                          | Shell PLC                                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     37204 | NS      | $1324193.21   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vallourec SACA                     | Vallourec SACA                                            | CUSIP: 000000000<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | EC               | CORP              | FR        |     71970 | NS      | $1367577.87   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien     | Banca Monte dei Paschi di Siena SpA                       | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |    229322 | NS      | $2030041.54   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                         | Aurubis AG                                                | CUSIP: 000000000<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     24045 | NS      | $2998038.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                          | Aviva PLC                                                 | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |     63102 | NS      | $582009.98    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC               | Endeavour Mining PLC                                      | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     19260 | NS      | $802985.68    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     24467 | NS      | $833328.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC DOMINION SECURITIES INC.       | RBC DOMINION SECURITIES INC                               | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |    832123 | PA      | $832123.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Generali SpA                 | Banca Generali SpA                                        | CUSIP: 000000000<br>LEI: 815600903231FA2E7698 | Long             | EC               | CORP              | IT        |      8082 | NS      | $449954.14    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Harbour Energy PLC                 | Harbour Energy PLC                                        | CUSIP: 000000000<br>LEI: 213800YPC42DYBKVPF97 | Long             | EC               | CORP              | GB        |    166591 | NS      | $464675.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                         | Tenaris SA                                                | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     92719 | NS      | $1653538.73   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG                   | Coca-Cola HBC AG                                          | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     29995 | NS      | $1413522.70   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA          | SpareBank 1 Sor-Norge ASA                                 | CUSIP: 000000000<br>LEI: 549300Q3OIWRHQUQM052 | Long             | EC               | CORP              | NO        |     56243 | NS      | $1002049.73   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC           | Lloyds Banking Group PLC                                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |   2430218 | NS      | $2739571.96   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ackermans & van Haaren NV          | Ackermans & van Haaren NV                                 | CUSIP: 000000000<br>LEI: 5493005E2GHATS0Z6J59 | Long             | EC               | CORP              | BE        |      2095 | NS      | $536201.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                       | DNB Bank ASA                                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     51874 | NS      | $1411265.14   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                       | Carrefour SA                                              | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |     96559 | NS      | $1461847.15   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA               | Banco de Sabadell SA                                      | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |    810980 | NS      | $3142041.68   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                            | Eni SpA                                                   | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     87836 | NS      | $1533043.71   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                           | Tele2 AB                                                  | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |     33511 | NS      | $571485.28    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher PLC                     | Kingfisher PLC                                            | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    414931 | NS      | $1722670.97   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                | Societe Generale SA                                       | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     30343 | NS      | $2007785.71   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues SA       | Banco Comercial Portugues SA                              | CUSIP: 000000000<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |   2253918 | NS      | $1993133.01   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Evraz PLC                          | Evraz PLC                                                 | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | RU        |    114619 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BAE Systems PLC                    | BAE Systems PLC                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     67395 | NS      | $1866267.30   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International      | Raiffeisen Bank International AG                          | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | EC               | CORP              | AT        |     35297 | NS      | $1215866.13   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA/NV                        | Ageas SA/NV                                               | CUSIP: 000000000<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |     15127 | NS      | $1046058.47   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                   | TotalEnergies SE                                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     28068 | NS      | $1704675.83   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport S     | Fraport AG Frankfurt Airport Services Worldwide           | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     14473 | NS      | $1249767.13   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Ancora                         | KBC Ancora                                                | CUSIP: 000000000<br>LEI: 549300I4XZ0RR3ZOSZ55 | Long             | EC               | CORP              | BE        |     29849 | NS      | $2361987.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG        | Bayerische Motoren Werke AG                               | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |     28408 | NS      | $2849638.42   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS Actividades de Construccio     | ACS Actividades de Construccion y Servicios SA            | CUSIP: 000000000<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |     39680 | NS      | $3167877.90   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Colruyt Group N.V                  | Colruyt Group N.V                                         | CUSIP: 000000000<br>LEI: 5493000O0NZ1BCXO8K39 | Long             | EC               | CORP              | BE        |     33050 | NS      | $1300658.64   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG             | Mercedes-Benz Group AG                                    | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     38626 | NS      | $2424810.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitbread PLC                      | Whitbread PLC                                             | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |     14305 | NS      | $619488.94    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                  | NatWest Group PLC                                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    310173 | NS      | $2175862.24   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Elis SA                            | Elis SA                                                   | CUSIP: 000000000<br>LEI: 969500UX71LCE8MAY492 | Long             | EC               | CORP              | FR        |     61143 | NS      | $1757300.43   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                | UNITE Group PLC/The                                       | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |    172157 | NS      | $1664728.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                         | Verbund AG                                                | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |      6396 | NS      | $464822.31    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWOOL A/S                       | ROCKWOOL A/S                                              | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |      1100 | NS      | $40847.43     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                             | OMV AG                                                    | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     36547 | NS      | $1948887.28   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                 | Teleperformance SE                                        | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     18107 | NS      | $1346518.79   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofina SA                          | Sofina SA                                                 | CUSIP: 000000000<br>LEI: 5493000GMVR38VUO5D39 | Long             | EC               | CORP              | BE        |      8869 | NS      | $2613582.62   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                     | Iveco Group NV                                            | CUSIP: 000000000<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | IT        |     55558 | NS      | $1197261.04   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                        | Beazley PLC                                               | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    151172 | NS      | $1844032.06   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                       | Bankinter SA                                              | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    204308 | NS      | $3215437.32   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                        | HOCHTIEF AG                                               | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |     13332 | NS      | $3565634.99   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA              | Kongsberg Gruppen ASA                                     | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |     46552 | NS      | $1487818.63   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                          | Orange SA                                                 | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     69800 | NS      | $1131714.71   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                               | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    166850 | NS      | $3200855.88   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                           | Engie SA                                                  | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     23212 | NS      | $497487.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC              | JD Sports Fashion PLC                                     | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |   1547895 | NS      | $1983920.30   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ASR Nederland NV                   | ASR Nederland NV                                          | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     31606 | NS      | $2144050.11   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak NV               | Koninklijke Vopak NV                                      | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     31319 | NS      | $1435507.79   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SKF AB                             | SKF AB                                                    | CUSIP: 000000000<br>LEI: 549300B6HWYEE57O8J84 | Long             | EC               | CORP              | SE        |     44930 | NS      | $1112941.45   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA              | Vend Marketplaces ASA                                     | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |     84446 | NS      | $3002283.75   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG           | Daimler Truck Holding AG                                  | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     22555 | NS      | $927356.74    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Or     | Hellenic Telecommunications Organization SA               | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     83726 | NS      | $1584576.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                          | Essity AB                                                 | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |     63664 | NS      | $1662199.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipol Assicurazioni SpA           | Unipol Assicurazioni SpA                                  | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | EC               | CORP              | IT        |     85318 | NS      | $1829065.66   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                   | ArcelorMittal SA                                          | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     47446 | NS      | $1703432.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                          | Orion Oyj                                                 | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |     15262 | NS      | $1167383.97   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                          | Endesa SA                                                 | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     17087 | NS      | $545861.19    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO SECURITIES USA LLC          | MIZUHO SECURITIES USA LLC                                 | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | RA               | CORP              | US        |    463869 | PA      | $463869.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                | Henkel AG & Co KGaA                                       | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |      5697 | NS      | $459505.61    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                          | Buzzi SpA                                                 | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     47335 | NS      | $2598631.76   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                        | Aker BP ASA                                               | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     76373 | NS      | $1936961.72   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA         | National Bank of Greece SA                                | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     44299 | NS      | $643096.14    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S             | AP Moller - Maersk A/S                                    | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |      1303 | NS      | $2554540.31   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                          | Repsol SA                                                 | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    170174 | NS      | $3009887.07   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                       | 3i Group PLC                                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     38754 | NS      | $2131196.37   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                     | Continental AG                                            | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     34002 | NS      | $2240319.62   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Group Holdings PLC              | IG Group Holdings PLC                                     | CUSIP: 000000000<br>LEI: 2138003A5Q1M7ANOUD76 | Long             | EC               | CORP              | GB        |    147279 | NS      | $2133272.58   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV                | Technip Energies NV                                       | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | FR        |     55558 | NS      | $2614340.64   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                         | Freenet AG                                                | CUSIP: 000000000<br>LEI: 5299003GLDODCVP8DO20 | Long             | EC               | CORP              | DE        |     11919 | NS      | $380904.23    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group SE                     | Auto1 Group SE                                            | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |    103110 | NS      | $3510642.79   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H Lundbeck A/S                     | H Lundbeck A/S                                            | CUSIP: 000000000<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |    450032 | NS      | $3223387.25   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                       | Leonardo SpA                                              | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     46691 | NS      | $2961253.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                 | Banco Santander SA                                        | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    337821 | NS      | $3519604.99   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                            | ISS A/S                                                   | CUSIP: 000000000<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |     78919 | NS      | $2497385.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG                        | Hensoldt AG                                               | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |     27118 | NS      | $3511729.26   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                             | RWE AG                                                    | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     63390 | NS      | $2814687.17   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                       | Barclays PLC                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    243461 | NS      | $1242926.45   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA               | Banca Mediolanum SpA                                      | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     56305 | NS      | $1127091.58   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                            | SSE PLC                                                   | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     65936 | NS      | $1544315.03   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Renault SA                         | Renault SA                                                | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | EC               | CORP              | FR        |     17986 | NS      | $734855.06    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                       | Centrica PLC                                              | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    938307 | NS      | $2102373.02   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| St James's Place PLC               | St James's Place PLC                                      | CUSIP: 000000000<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    179294 | NS      | $3062381.55   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                         | Genmab A/S                                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      2331 | NS      | $706663.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC             | Standard Chartered PLC                                    | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    153725 | NS      | $2967819.76   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                        | Swisscom AG                                               | CUSIP: 000000000<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |       785 | NS      | $569483.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| thyssenkrupp AG                    | thyssenkrupp AG                                           | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    176935 | NS      | $2425261.09   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                   | ABN AMRO Bank NV                                          | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     64870 | NS      | $2075383.03   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                          | Orkla ASA                                                 | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |     43466 | NS      | $453843.83    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                | Imperial Brands PLC                                       | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     36685 | NS      | $1558082.58   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA      | Piraeus Financial Holdings SA                             | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    331718 | NS      | $2809525.86   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**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