UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22519
First Trust Exchange-Traded AlphaDEX®
Fund II
(Exact name of registrant as specified in charter)
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Name and address of agent for service)
Registrant's telephone number, including area code: (630) 765-8000
Date of fiscal year end: December 31
Date of reporting period: December 31, 2022
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Report to Stockholders.
(a) | The registrant's annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows: |
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Fund Performance Overview | |
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Portfolio of Investments | |
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Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -15.62% | -3.25% | 2.36% | 1.65% | -15.22% | 26.30% | 21.06% | |
Market Price | -15.27% | -3.26% | 2.17% | 1.57% | -15.28% | 23.93% | 20.01% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Asia Pacific Ex-Japan Index(1) | -14.51% | -2.24% | N/A | N/A | -10.70% | N/A | N/A | |
Nasdaq DM Asia Pacific Ex-Japan Index(1) | -13.59% | 0.83% | N/A | N/A | 4.21% | N/A | N/A | |
MSCI Pacific ex-Japan Index | -5.94% | 2.18% | 3.81% | 3.55% | 11.38% | 45.32% | 50.50% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -22.87% | -0.93% | 4.87% | 3.41% | -4.55% | 60.83% | 48.06% | |
Market Price | -22.73% | -0.98% | 4.63% | 3.37% | -4.82% | 57.28% | 47.34% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Europe Index(1) | -22.82% | -0.40% | N/A | N/A | -2.00% | N/A | N/A | |
Nasdaq DM Europe Index(1) | -16.42% | 1.51% | N/A | N/A | 7.80% | N/A | N/A | |
MSCI Europe Index | -15.06% | 1.87% | 4.58% | 3.93% | 9.70% | 56.53% | 56.96% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | 2.17% | -0.47% | -1.03% | -1.34% | -2.34% | -9.85% | -14.58% | |
Market Price | 2.58% | -0.48% | -1.19% | -1.35% | -2.38% | -11.31% | -14.73% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Latin America Index(1) | 3.05% | 0.82% | N/A | N/A | 4.18% | N/A | N/A | |
Nasdaq Latin America Index(1) | 5.49% | -2.09% | -3.04% | N/A | -10.00% | -26.58% | N/A | |
MSCI EM Latin America Index | 8.92% | -1.08% | -2.15% | -2.77% | -5.30% | -19.53% | -27.98% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | 1.45% | 0.71% | -1.43% | -2.77% | 3.62% | -13.43% | -28.04% | |
Market Price | 1.27% | 0.66% | -1.58% | -2.80% | 3.37% | -14.69% | -28.24% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Brazil Index(1) | 2.31% | 2.59% | N/A | N/A | 13.67% | N/A | N/A | |
Nasdaq Brazil Index(1) | 7.14% | -2.27% | -2.63% | N/A | -10.86% | -23.38% | N/A | |
MSCI Brazil Index | 14.15% | -0.82% | -1.75% | -3.47% | -4.03% | -16.22% | -33.89% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -17.10% | -2.16% | 2.24% | 0.58% | -10.33% | 24.81% | 6.96% | |
Market Price | -17.58% | -2.22% | 1.99% | 0.48% | -10.62% | 21.73% | 5.73% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® China Index(1) | -16.04% | -1.28% | N/A | N/A | -6.22% | N/A | N/A | |
Nasdaq China Index(1) | -20.26% | -5.66% | 2.00% | N/A | -25.25% | 21.91% | N/A | |
MSCI China Index | -21.93% | -4.54% | 2.43% | 1.63% | -20.74% | 27.08% | 20.83% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -12.04% | -4.56% | 3.49% | 2.14% | -20.79% | 40.94% | 28.18% | |
Market Price | -13.15% | -4.80% | 3.29% | 2.03% | -21.81% | 38.28% | 26.51% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Japan Index(1) | -12.24% | -4.09% | N/A | N/A | -18.84% | N/A | N/A | |
Nasdaq Japan Index(1) | -15.52% | -0.31% | 5.59% | N/A | -1.55% | 72.30% | N/A | |
MSCI Japan Index | -16.65% | 0.23% | 5.55% | 4.76% | 1.14% | 71.68% | 72.32% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -18.57% | -2.42% | 3.21% | 2.05% | -11.53% | 37.11% | 26.83% | |
Market Price | -18.86% | -2.52% | 3.10% | 2.02% | -11.99% | 35.77% | 26.36% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Developed Markets Ex-US Index(1) | -18.23% | -1.71% | N/A | N/A | -8.24% | N/A | N/A | |
Nasdaq Developed Markets Ex-US Index(1) | -15.51% | 1.23% | 4.56% | N/A | 6.32% | 56.27% | N/A | |
MSCI World ex USA Index | -14.29% | 1.79% | 4.59% | 3.86% | 9.29% | 56.59% | 55.77% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (4/18/11) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -14.33% | -1.49% | 1.25% | 0.43% | -7.25% | 13.19% | 5.17% | |
Market Price | -14.30% | -1.65% | 1.07% | 0.38% | -7.99% | 11.26% | 4.59% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Emerging Markets Index(1) | -14.38% | -0.58% | N/A | N/A | -2.88% | N/A | N/A | |
Nasdaq Emerging Markets Index(1) | -15.31% | -0.39% | 2.18% | N/A | -1.93% | 24.04% | N/A | |
MSCI Emerging Markets Index | -20.09% | -1.40% | 1.44% | 0.79% | -6.79% | 15.33% | 9.65% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -30.39% | -4.76% | 2.73% | 3.67% | -21.63% | 30.89% | 48.02% | |
Market Price | -30.61% | -4.77% | 2.64% | 3.64% | -21.69% | 29.74% | 47.51% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Germany Index(1) | -30.51% | -4.53% | N/A | N/A | -20.70% | N/A | N/A | |
Nasdaq Germany Index(1) | -22.28% | -3.41% | 2.58% | N/A | -15.94% | 29.00% | N/A | |
MSCI Germany Index | -22.34% | -3.02% | 2.66% | 3.64% | -14.23% | 30.02% | 47.46% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -23.52% | -0.86% | 2.61% | 3.81% | -4.22% | 29.34% | 50.26% | |
Market Price | -24.10% | -0.73% | 2.57% | 3.79% | -3.62% | 28.86% | 49.85% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® United Kingdom Index(1) | -22.91% | 0.09% | N/A | N/A | 0.47% | N/A | N/A | |
Nasdaq United Kingdom Index(1) | -9.02% | 0.41% | 3.18% | N/A | 2.05% | 36.80% | N/A | |
MSCI United Kingdom Index | -4.84% | 0.96% | 3.07% | 3.54% | 4.91% | 35.27% | 45.98% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -4.45% | 5.50% | 6.30% | 5.84% | 30.70% | 84.14% | 85.43% | |
Market Price | -3.97% | 5.79% | 6.25% | 5.91% | 32.48% | 83.33% | 86.65% | |
Index Performance | ||||||||
NIFTY 50 Equal Weight Index* | -2.86% | N/A | N/A | N/A | N/A | N/A | N/A | |
NIFTY 50 Index | -5.14% | 7.25% | 8.66% | 7.88% | 41.89% | 129.44% | 128.10% |
* | On April 17, 2018, the Fund’s underlying index changed from the Nasdaq AlphaDEX® Taiwan Index to the Index. On July 14, 2015, the Fund’s underlying index changed from the Defined Taiwan Index to the Nasdaq AlphaDEX® Taiwan Index. Therefore, the Fund’s performance and total returns shown for the periods prior to April 17, 2018, are not necessarily indicative of the performance that the Fund, based on the current index, would have generated. Since the Fund’s new underlying index had an inception date of September 29, 2017, it was not in existence for all the periods disclosed. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/14/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -20.88% | 2.93% | 7.45% | 7.77% | 15.56% | 105.15% | 125.75% | |
Market Price | -20.77% | 2.86% | 7.35% | 7.76% | 15.15% | 103.30% | 125.43% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Switzerland Index(1) | -20.98% | 3.36% | N/A | N/A | 17.95% | N/A | N/A | |
Nasdaq Switzerland Index(1) | -18.21% | 5.03% | 6.67% | N/A | 27.79% | 90.73% | N/A | |
MSCI Switzerland Index | -18.32% | 5.53% | 6.84% | 7.54% | 30.88% | 93.78% | 120.42% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/15/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/15/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | -15.00% | -0.84% | 4.55% | 4.51% | -4.13% | 56.08% | 61.58% | |
Market Price | -14.88% | -0.78% | 4.44% | 4.49% | -3.85% | 54.46% | 61.15% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Developed Markets Ex-US Small Cap Index(1) | -14.80% | -0.08% | N/A | N/A | -0.40% | N/A | N/A | |
Nasdaq Developed Markets Ex-US Small Cap Index(1) | -18.14% | -0.81% | 4.65% | N/A | -3.99% | 57.58% | N/A | |
MSCI World ex-USA Small Cap Index | -20.59% | 0.45% | 5.77% | 5.80% | 2.27% | 75.21% | 84.64% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/15/12) to 12/31/22 | 5 Years Ended 12/31/22 | 10 Years Ended 12/31/22 | Inception (2/15/12) to 12/31/22 | ||
Fund Performance | ||||||||
NAV | 1.36% | 2.64% | 5.14% | 6.11% | 13.94% | 65.00% | 90.67% | |
Market Price | 1.91% | 2.62% | 5.04% | 6.15% | 13.78% | 63.54% | 91.39% | |
Index Performance | ||||||||
Nasdaq AlphaDEX® Emerging Markets Small Cap Index(1) | 2.75% | 4.16% | N/A | N/A | 22.63% | N/A | N/A | |
Nasdaq Emerging Markets Small Cap Index(1) | -13.78% | 1.72% | 4.07% | N/A | 8.91% | 49.05% | N/A | |
MSCI Emerging Markets Small Cap Index | -18.02% | 1.06% | 3.21% | 3.23% | 5.41% | 37.20% | 41.27% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1 Year Ended 12/31/22 | 5 Years Ended 12/31/22 | Inception (10/21/14) to 12/31/22 | 5 Years Ended 12/31/22 | Inception (10/21/14) to 12/31/22 | ||
Fund Performance | ||||||
NAV | -19.65% | -1.60% | 4.08% | -7.74% | 38.80% | |
Market Price | -19.96% | -1.82% | 3.95% | -8.76% | 37.37% | |
Index Performance | ||||||
Nasdaq AlphaDEX® Eurozone Index | -19.54% | -1.14% | 4.60% | -5.56% | 44.59% | |
Nasdaq Eurozone Index | -17.95% | 0.35% | 3.67% | 1.75% | 34.37% | |
MSCI EMU Index | -17.86% | 0.60% | 3.59% | 3.03% | 33.52% |
Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA) | ||||
Actual | $1,000.00 | $1,000.60 | 0.80% | $4.03 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Europe AlphaDEX® Fund (FEP) | ||||
Actual | $1,000.00 | $1,044.20 | 0.80% | $4.12 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Latin America AlphaDEX® Fund (FLN) | ||||
Actual | $1,000.00 | $1,052.80 | 0.80% | $4.14 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Brazil AlphaDEX® Fund (FBZ) | ||||
Actual | $1,000.00 | $1,091.60 | 0.80% | $4.22 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust China AlphaDEX® Fund (FCA) | ||||
Actual | $1,000.00 | $878.90 | 0.80% | $3.79 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Japan AlphaDEX® Fund (FJP) | ||||
Actual | $1,000.00 | $1,049.10 | 0.80% | $4.13 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Developed Markets ex-US AlphaDEX® Fund (FDT) | ||||
Actual | $1,000.00 | $1,021.30 | 0.80% | $4.08 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Emerging Markets AlphaDEX® Fund (FEM) | ||||
Actual | $1,000.00 | $1,033.40 | 0.80% | $4.10 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Germany AlphaDEX® Fund (FGM) | ||||
Actual | $1,000.00 | $1,064.00 | 0.80% | $4.16 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust United Kingdom AlphaDEX® Fund (FKU) | ||||
Actual | $1,000.00 | $1,033.60 | 0.80% | $4.10 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust India NIFTY 50 Equal Weight ETF (NFTY) | ||||
Actual | $1,000.00 | $1,094.60 | 0.80% | $4.22 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Switzerland AlphaDEX® Fund (FSZ) | ||||
Actual | $1,000.00 | $1,044.30 | 0.80% | $4.12 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS) | ||||
Actual | $1,000.00 | $1,063.10 | 0.80% | $4.16 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS) | ||||
Actual | $1,000.00 | $1,148.70 | 0.80% | $4.33 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
First Trust Eurozone AlphaDEX® ETF (FEUZ) | ||||
Actual | $1,000.00 | $1,069.80 | 0.80% | $4.17 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.17 | 0.80% | $4.08 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (July 1, 2022 through December 31, 2022), multiplied by 184/365 (to reflect the six-month period). |
Securities Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $133,238 |
Non-cash Collateral (2) | (133,238) |
Net Amount | $— |
(1) | The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis. |
(2) | At December 31, 2022, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. |
Currency Exposure Diversification | % of Total Investments |
Australian Dollar | 39.9% |
South Korean Won | 36.1 |
Singapore Dollar | 11.0 |
Hong Kong Dollar | 9.3 |
New Zealand Dollar | 2.5 |
United States Dollar | 1.2 |
Total | 100.0% |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Cayman Islands | $ 691,696 | $ 659,278 | $ — | $ 32,418 |
Other Country Categories* | 9,666,683 | 9,666,683 | — | — |
Real Estate Investment Trusts* | 1,049,103 | 1,049,103 | — | — |
Rights* | 4,211 | — | 4,211 | — |
Money Market Funds | 139,904 | 139,904 | — | — |
Total Investments | $ 11,551,597 | $ 11,514,968 | $ 4,211 | $ 32,418 |
* | See Portfolio of Investments for country breakout. |
Currency Exposure Diversification | % of Total Investments |
Brazilian Real | 62.8% |
Mexican Peso | 18.9 |
Chilean Peso | 17.6 |
Colombian Peso | 0.7 |
Total | 100.0% |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 69,215,205 | $ 69,215,205 | $ — | $ — |
Real Estate Investment Trusts* | 500,326 | 500,326 | — | — |
Total Investments | $ 69,715,531 | $ 69,715,531 | $— | $— |
* | See Portfolio of Investments for country breakout. |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Real Estate Management & Development | $ 1,116,160 | $ 1,065,903 | $ — | $ 50,257 |
Other Industry Categories* | 6,428,887 | 6,428,887 | — | — |
Total Investments | $ 7,545,047 | $ 7,494,790 | $— | $ 50,257 |
* | See Portfolio of Investments for industry breakout. |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Cayman Islands | $ 5,150,189 | $ 4,916,045 | $ — | $ 234,144 |
Other Country Categories* | 385,552,614 | 385,552,614 | — | — |
Real Estate Investment Trusts* | 25,806,403 | 25,806,403 | — | — |
Rights* | 22,375 | — | 22,375 | — |
Money Market Funds | 19,545,743 | 19,545,743 | — | — |
Total Investments | $ 436,077,324 | $ 435,820,805 | $ 22,375 | $ 234,144 |
* | See Portfolio of Investments for country breakout. |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Cayman Islands | $ 23,853,177 | $ 23,337,520 | $ — | $ 515,657 |
Russia | 267,922 | — | — | 267,922 |
Thailand | 17,853,311 | — | 17,853,311 | — |
Other Country Categories* | 329,196,457 | 329,196,457 | — | — |
Total Investments | $ 371,170,867 | $ 352,533,977 | $ 17,853,311 | $ 783,579 |
* | See Portfolio of Investments for country breakout. |
Country Allocation† | % of Net Assets |
United Kingdom | 91.3% |
Jersey | 4.6 |
Ireland | 1.2 |
Bermuda | 1.0 |
Luxembourg | 0.9 |
Switzerland | 0.5 |
Total Investments | 99.5 |
Net Other Assets and Liabilities | 0.5 |
Total | 100.0% |
Currency Exposure Diversification | % of Total Investments |
British Pound Sterling | 100.0% |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Metals & Mining | $ 3,399,831 | $ 3,384,855 | $ — | $ 14,976 |
Other Industry Categories* | 25,625,347 | 25,625,347 | — | — |
Real Estate Investment Trusts* | 2,540,416 | 2,540,416 | — | — |
Total Investments | $ 31,565,594 | $ 31,550,618 | $— | $ 14,976 |
* | See Portfolio of Investments for industry breakout. |
(b) | This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities. |
(c) | Non-income producing security. |
Country Allocation† | % of Net Assets |
Switzerland | 99.0% |
Total Investments | 99.0 |
Net Other Assets and Liabilities | 1.0 |
Total | 100.0% |
Currency Exposure Diversification | % of Total Investments |
Swiss Franc | 100.0% |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 96,974,895 | $ 96,974,895 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Australia | $ 210,439 | $ 208,536 | $ 1,903 | $ — |
Greece | 48,710 | 48,710 | — | —** |
Netherlands | 28,677 | 28,677 | — | —** |
South Korea | 1,200,111 | 1,195,730 | — | 4,381 |
Spain | 38,396 | 38,396 | — | —** |
Sweden | 241,112 | 236,469 | 4,643 | — |
Other Country Categories* | 5,044,888 | 5,044,888 | — | — |
Real Estate Investment Trusts* | 663,200 | 663,200 | — | — |
Money Market Funds | 64,189 | 64,189 | — | — |
Total Investments | $ 7,539,722 | $ 7,528,795 | $ 6,546 | $ 4,381 |
* | See Portfolio of Investments for country breakout. |
** | Investment is valued at $0. |
Currency Exposure Diversification | % of Total Investments |
Turkish Lira | 23.8% |
New Taiwan Dollar | 17.5 |
Hong Kong Dollar | 14.1 |
Brazilian Real | 12.3 |
Thai Baht | 8.6 |
Indonesian Rupiah | 6.0 |
Polish Zloty | 3.9 |
South African Rand | 3.5 |
Mexican Peso | 2.8 |
Indian Rupee | 2.0 |
Chilean Peso | 1.7 |
United States Dollar | 1.6 |
Malaysian Ringgit | 1.4 |
Philippine Peso | 0.5 |
Egyptian Pound | 0.3 |
Russian Ruble | 0.0† |
Total | 100.0% |
† | Amount is less than 0.1%. |
Total Value at 12/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Cayman Islands | $ 14,679,537 | $ 13,840,832 | $ 682,712 | $ 155,993 |
Russia | 37,601 | — | — | 37,601 |
Thailand | 14,507,455 | — | 14,507,455 | — |
Other Country Categories* | 136,347,518 | 136,347,518 | — | — |
Real Estate Investment Trusts* | 548,084 | 548,084 | — | — |
Money Market Funds | 2,767,630 | 2,767,630 | — | — |
Total Investments | $ 168,887,825 | $ 153,504,064 | $ 15,190,167 | $ 193,594 |
* | See Portfolio of Investments for country breakout. |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA) | First Trust Europe AlphaDEX® Fund (FEP) | First Trust Latin America AlphaDEX® Fund (FLN) | First Trust Brazil AlphaDEX® Fund (FBZ) | ||||
ASSETS: | |||||||
Investments, at value | $ 11,551,597 | $ 254,507,182 | $ 69,715,531 | $ 62,893,902 | |||
Cash | 12,036 | 616,133 | 375,109 | 92,743 | |||
Foreign currency | 2 | — | 193,556 | 43,680 | |||
Receivables: | |||||||
Fund shares sold | — | — | — | — | |||
Dividends | 95,703 | 437,454 | 445,950 | 380,440 | |||
Dividend reclaims | — | 2,700,683 | — | — | |||
Securities lending income | 124 | 5,505 | — | — | |||
Investment securities sold | 189 | — | 463 | — | |||
Miscellaneous | — | 91,538 | 20,240 | — | |||
Total Assets | 11,659,651 | 258,358,495 | 70,750,849 | 63,410,765 | |||
LIABILITIES: | |||||||
Due to custodian | — | — | — | — | |||
Due to custodian foreign currency | — | 74,797 | — | — | |||
Payables: | |||||||
Investment securities purchased | — | — | 350,087 | — | |||
Investment advisory fees | 8,573 | 177,621 | 38,950 | 33,485 | |||
Collateral for securities on loan | 139,904 | 3,880,055 | — | — | |||
Fund shares redeemed | — | 46,524 | — | — | |||
Deferred foreign capital gains tax | — | — | — | — | |||
Other liabilities | — | 12,989 | 3,404 | — | |||
Total Liabilities | 148,477 | 4,191,986 | 392,441 | 33,485 | |||
NET ASSETS | $11,511,174 | $254,166,509 | $70,358,408 | $63,377,280 | |||
NET ASSETS consist of: | |||||||
Paid-in capital | $ 27,517,445 | $ 509,675,121 | $ 118,294,790 | $ 91,450,467 | |||
Par value | 4,500 | 78,500 | 42,000 | 60,000 | |||
Accumulated distributable earnings (loss) | (16,010,771) | (255,587,112) | (47,978,382) | (28,133,187) | |||
NET ASSETS | $11,511,174 | $254,166,509 | $70,358,408 | $63,377,280 | |||
NET ASSET VALUE, per share | $25.58 | $32.38 | $16.75 | $10.56 | |||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 450,002 | 7,850,002 | 4,200,002 | 6,000,002 | |||
Investments, at cost | $11,517,025 | $253,443,349 | $73,096,434 | $63,417,736 | |||
Foreign currency, at cost (proceeds) | $2 | $(74,548) | $194,214 | $43,841 | |||
Securities on loan, at value | $133,238 | $3,644,826 | $— | $— |
First Trust China AlphaDEX® Fund (FCA) | First Trust Japan AlphaDEX® Fund (FJP) | First Trust Developed Markets ex-US AlphaDEX® Fund (FDT) | First Trust Emerging Markets AlphaDEX® Fund (FEM) | First Trust Germany AlphaDEX® Fund (FGM) | ||||
$ 7,545,047 | $ 90,032,940 | $ 436,077,324 | $ 371,170,867 | $ 14,194,056 | ||||
13,053 | 27,295 | 824,462 | 507,412 | 9,988 | ||||
— | — | 144,582 | 205,196 | 195 | ||||
— | — | — | — | — | ||||
5,859 | 79,936 | 1,198,299 | 655,250 | 50,502 | ||||
— | 1,664 | 1,006,414 | 270,513 | 29,080 | ||||
1,302 | 2,034 | 11,020 | 1,585 | 109 | ||||
— | — | 2,144 | — | — | ||||
— | — | — | 178,585 | — | ||||
7,565,261 | 90,143,869 | 439,264,245 | 372,989,408 | 14,283,930 | ||||
— | — | — | — | — | ||||
— | — | — | — | — | ||||
— | — | 106,231 | — | — | ||||
5,352 | 45,812 | 278,858 | 240,487 | 9,595 | ||||
— | 4,329,690 | 19,545,743 | — | 130,753 | ||||
— | — | — | — | — | ||||
— | — | — | 371,063 | — | ||||
— | — | — | — | — | ||||
5,352 | 4,375,502 | 19,930,832 | 611,550 | 140,348 | ||||
$ 7,559,909 | $ 85,768,367 | $ 419,333,413 | $ 372,377,858 | $ 14,143,582 | ||||
$ 16,561,012 | $ 141,421,216 | $ 757,928,813 | $ 596,619,517 | $ 48,037,014 | ||||
3,500 | 20,000 | 86,864 | 176,500 | 4,000 | ||||
(9,004,603) | (55,672,849) | (338,682,264) | (224,418,159) | (33,897,432) | ||||
$ 7,559,909 | $ 85,768,367 | $ 419,333,413 | $ 372,377,858 | $ 14,143,582 | ||||
$21.60 | $42.88 | $48.27 | $21.10 | $35.36 | ||||
350,002 | 2,000,002 | 8,686,412 | 17,650,002 | 400,002 | ||||
$9,199,720 | $90,612,329 | $420,631,907 | $379,110,079 | $17,573,929 | ||||
$— | $— | $144,506 | $206,274 | $194 | ||||
$— | $4,081,930 | $18,631,244 | $— | $123,561 |
First Trust United Kingdom AlphaDEX® Fund (FKU) | First Trust India NIFTY 50 Equal Weight ETF (NFTY) | First Trust Switzerland AlphaDEX® Fund (FSZ) | First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS) | ||||
ASSETS: | |||||||
Investments, at value | $ 31,565,594 | $ 74,872,129 | $ 96,974,895 | $ 7,539,722 | |||
Cash | 28,893 | — | 251,647 | 5,843 | |||
Foreign currency | — | 2,434,099 | — | 657 | |||
Receivables: | |||||||
Fund shares sold | — | 13,709 | — | — | |||
Dividends | 143,095 | — | — | 43,761 | |||
Dividend reclaims | 12,432 | — | 789,045 | 13,936 | |||
Securities lending income | — | — | — | 505 | |||
Investment securities sold | — | 2,530,715 | — | — | |||
Miscellaneous | 5 | — | — | — | |||
Total Assets | 31,750,019 | 79,850,652 | 98,015,587 | 7,604,424 | |||
LIABILITIES: | |||||||
Due to custodian | — | 2,529,580 | — | — | |||
Due to custodian foreign currency | — | — | — | — | |||
Payables: | |||||||
Investment securities purchased | — | 2,430,487 | — | — | |||
Investment advisory fees | 21,790 | 41,325 | 56,294 | 5,172 | |||
Collateral for securities on loan | — | — | — | 64,189 | |||
Fund shares redeemed | — | — | — | — | |||
Deferred foreign capital gains tax | — | 850,457 | — | — | |||
Other liabilities | — | — | — | — | |||
Total Liabilities | 21,790 | 5,851,849 | 56,294 | 69,361 | |||
NET ASSETS | $31,728,229 | $73,998,803 | $97,959,293 | $7,535,063 | |||
NET ASSETS consist of: | |||||||
Paid-in capital | $ 90,891,121 | $ 71,113,406 | $ 127,902,684 | $ 12,958,996 | |||
Par value | 10,000 | 17,000 | 18,000 | 2,000 | |||
Accumulated distributable earnings (loss) | (59,172,892) | 2,868,397 | (29,961,391) | (5,425,933) | |||
NET ASSETS | $31,728,229 | $73,998,803 | $97,959,293 | $7,535,063 | |||
NET ASSET VALUE, per share | $31.73 | $43.53 | $54.42 | $37.67 | |||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 1,000,002 | 1,700,002 | 1,800,002 | 200,002 | |||
Investments, at cost | $38,793,158 | $70,223,201 | $96,906,713 | $7,323,894 | |||
Foreign currency, at cost (proceeds) | $— | $2,434,096 | $— | $656 | |||
Securities on loan, at value | $— | $— | $— | $61,686 |
First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS) | First Trust Eurozone AlphaDEX® ETF (FEUZ) | |
$ 168,887,825 | $ 16,200,962 | |
— | 17,499 | |
921,480 | — | |
4,066,813 | — | |
194,316 | 20,214 | |
3,293 | 168,433 | |
31,372 | 343 | |
15,831 | — | |
— | — | |
174,120,930 | 16,407,451 | |
565,477 | — | |
— | 3,947 | |
3,922,139 | — | |
96,803 | 11,537 | |
2,767,630 | 172,701 | |
15,981 | — | |
— | — | |
— | — | |
7,368,030 | 188,185 | |
$ 166,752,900 | $ 16,219,266 | |
$ 203,979,201 | $ 39,593,329 | |
43,000 | 4,500 | |
(37,269,301) | (23,378,563) | |
$ 166,752,900 | $ 16,219,266 | |
$38.78 | $36.04 | |
4,300,002 | 450,002 | |
$159,748,279 | $17,326,807 | |
$921,377 | $(3,935) | |
$2,129,737 | $162,605 |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA) | First Trust Europe AlphaDEX® Fund (FEP) | First Trust Latin America AlphaDEX® Fund (FLN) | First Trust Brazil AlphaDEX® Fund (FBZ) | |||||
INVESTMENT INCOME: | ||||||||
Dividends | $ 675,380 | $ 16,305,917 | $ 3,776,359 | $ 1,537,370 | ||||
Securities lending income (net of fees) | 3,888 | 161,058 | — | — | ||||
Foreign withholding tax | (64,341) | (1,543,365) | (426,148) | (99,442) | ||||
Other | 27 | 6,864 | 3 | 4 | ||||
Total investment income | 614,954 | 14,930,474 | 3,350,214 | 1,437,932 | ||||
EXPENSES: | ||||||||
Investment advisory fees | 111,106 | 2,960,737 | 310,932 | 118,659 | ||||
Total expenses | 111,106 | 2,960,737 | 310,932 | 118,659 | ||||
NET INVESTMENT INCOME (LOSS) | 503,848 | 11,969,737 | 3,039,282 | 1,319,273 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||
Net realized gain (loss) on: | ||||||||
Investments | (2,414,359) | (87,923,185) | (3,280,203) | (770,580) | ||||
In-kind redemptions | 744,213 | (2,478,919) | 292,536 | (306) | ||||
Foreign currency transactions | (52,372) | (196,225) | (274,916) | (90,999) | ||||
Foreign capital gains tax | — | — | (7,620) | — | ||||
Net realized gain (loss) | (1,722,518) | (90,598,329) | (3,270,203) | (861,885) | ||||
Net change in unrealized appreciation (depreciation) on: | ||||||||
Investments | (1,334,563) | (50,308,701) | (4,089,746) | (73,640) | ||||
Foreign currency translation | 524 | (164,317) | (354) | 2,336 | ||||
Deferred foreign capital gains tax | — | — | — | — | ||||
Net change in unrealized appreciation (depreciation) | (1,334,039) | (50,473,018) | (4,090,100) | (71,304) | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (3,056,557) | (141,071,347) | (7,360,303) | (933,189) | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(2,552,709) | $(129,101,610) | $(4,321,021) | $ 386,084 |
First Trust China AlphaDEX® Fund (FCA) | First Trust Japan AlphaDEX® Fund (FJP) | First Trust Developed Markets ex-US AlphaDEX® Fund (FDT) | First Trust Emerging Markets AlphaDEX® Fund (FEM) | First Trust Germany AlphaDEX® Fund (FGM) | |||||
$546,240 | $1,418,948 | $17,526,910 | $27,152,373 | $1,154,122 | |||||
9,310 | 11,573 | 165,682 | 36,129 | 3,624 | |||||
(37,827) | (141,895) | (1,699,433) | (2,935,082) | (151,923) | |||||
— | — | 4,424 | 1,725 | 208 | |||||
517,723 | 1,288,626 | 15,997,583 | 24,255,145 | 1,006,031 | |||||
69,152 | 276,995 | 3,293,493 | 2,895,068 | 265,577 | |||||
69,152 | 276,995 | 3,293,493 | 2,895,068 | 265,577 | |||||
448,571 | 1,011,631 | 12,704,090 | 21,360,077 | 740,454 | |||||
(992,306) | (4,324,532) | (87,040,662) | (49,676,365) | (5,484,264) | |||||
— | (518,456) | 1,266,728 | 1,267,685 | (7,082,804) | |||||
142 | (35,547) | (587,169) | (731,250) | (6,891) | |||||
— | — | — | (720,370) | — | |||||
(992,164) | (4,878,535) | (86,361,103) | (49,860,300) | (12,573,959) | |||||
(1,097,892) | (186,881) | (14,592,456) | (33,665,330) | (7,955,968) | |||||
(23) | 999 | (44,969) | (10,514) | 2,643 | |||||
— | — | — | 915,672 | — | |||||
(1,097,915) | (185,882) | (14,637,425) | (32,760,172) | (7,953,325) | |||||
(2,090,079) | (5,064,417) | (100,998,528) | (82,620,472) | (20,527,284) | |||||
$(1,641,508) | $(4,052,786) | $(88,294,438) | $(61,260,395) | $(19,786,830) |
First Trust United Kingdom AlphaDEX® Fund (FKU) | First Trust India NIFTY 50 Equal Weight ETF (NFTY) | First Trust Switzerland AlphaDEX® Fund (FSZ) | First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS) | |||||
INVESTMENT INCOME: | ||||||||
Dividends | $ 3,259,314 | $ 1,009,264 | $ 2,300,483 | $ 386,892 | ||||
Securities lending income (net of fees) | — | — | — | 4,504 | ||||
Foreign withholding tax | (23,463) | (220,917) | (279,705) | (39,987) | ||||
Other | 19 | — | 9 | 136 | ||||
Total investment income | 3,235,870 | 788,347 | 2,020,787 | 351,545 | ||||
EXPENSES: | ||||||||
Investment advisory fees | 508,271 | 426,173 | 521,452 | 76,373 | ||||
Total expenses | 508,271 | 426,173 | 521,452 | 76,373 | ||||
NET INVESTMENT INCOME (LOSS) | 2,727,599 | 362,174 | 1,499,335 | 275,172 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||
Net realized gain (loss) on: | ||||||||
Investments | (14,481,017) | 2,004,869 | (929,540) | (2,028,145) | ||||
In-kind redemptions | (2,803,893) | — | (2,380,368) | 16,045 | ||||
Foreign currency transactions | (76,004) | (50,267) | 3,709 | (18,307) | ||||
Foreign capital gains tax | — | (696,773) | — | — | ||||
Net realized gain (loss) | (17,360,914) | 1,257,829 | (3,306,199) | (2,030,407) | ||||
Net change in unrealized appreciation (depreciation) on: | ||||||||
Investments | (10,722,264) | (5,236,486) | (18,705,169) | (191,793) | ||||
Foreign currency translation | (7,364) | (178) | (17,754) | (660) | ||||
Deferred foreign capital gains tax | — | 657,231 | — | — | ||||
Net change in unrealized appreciation (depreciation) | (10,729,628) | (4,579,433) | (18,722,923) | (192,453) | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (28,090,542) | (3,321,604) | (22,029,122) | (2,222,860) | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(25,362,943) | $(2,959,430) | $(20,529,787) | $(1,947,688) |
First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS) | First Trust Eurozone AlphaDEX® ETF (FEUZ) | ||
$7,533,444 | $1,125,371 | ||
187,625 | 4,956 | ||
(783,913) | (141,747) | ||
888 | 648 | ||
6,938,044 | 989,228 | ||
1,028,448 | 273,844 | ||
1,028,448 | 273,844 | ||
5,909,596 | 715,384 | ||
(13,852,543) | (6,986,094) | ||
(146,844) | (5,116,880) | ||
(284,791) | (3,202) | ||
(1,644) | — | ||
(14,285,822) | (12,106,176) | ||
9,206,228 | (857,718) | ||
4,492 | (6,192) | ||
4,745 | — | ||
9,215,465 | (863,910) | ||
(5,070,357) | (12,970,086) | ||
$839,239 | $(12,254,702) |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA) | First Trust Europe AlphaDEX® Fund (FEP) | ||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 503,848 | $ 925,520 | $ 11,969,737 | $ 11,969,339 | |||
Net realized gain (loss) | (1,722,518) | 1,481,007 | (90,598,329) | 75,355,601 | |||
Net change in unrealized appreciation (depreciation) | (1,334,039) | (2,508,413) | (50,473,018) | (9,103,026) | |||
Net increase (decrease) in net assets resulting from operations | (2,552,709) | (101,886) | (129,101,610) | 78,221,914 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (523,132) | (1,196,923) | (9,500,812) | (18,281,993) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | — | 10,439,636 | 12,410,312 | 301,558,631 | |||
Cost of shares redeemed | (10,670,530) | (1,618,879) | (193,550,082) | (230,355,044) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | (10,670,530) | 8,820,757 | (181,139,770) | 71,203,587 | |||
Total increase (decrease) in net assets | (13,746,371) | 7,521,948 | (319,742,192) | 131,143,508 | |||
NET ASSETS: | |||||||
Beginning of period | 25,257,545 | 17,735,597 | 573,908,701 | 442,765,193 | |||
End of period | $ 11,511,174 | $ 25,257,545 | $ 254,166,509 | $ 573,908,701 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 800,002 | 550,002 | 13,250,002 | 11,500,002 | |||
Shares sold | — | 300,000 | 300,000 | 7,200,000 | |||
Shares redeemed | (350,000) | (50,000) | (5,700,000) | (5,450,000) | |||
Shares outstanding, end of period | 450,002 | 800,002 | 7,850,002 | 13,250,002 |
First Trust Latin America AlphaDEX® Fund (FLN) | First Trust Brazil AlphaDEX® Fund (FBZ) | First Trust China AlphaDEX® Fund (FCA) | ||||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | |||||
$ 3,039,282 | $ 441,518 | $ 1,319,273 | $ 665,597 | $ 448,571 | $ 468,390 | |||||
(3,270,203) | 1,704,097 | (861,885) | 360,032 | (992,164) | 1,187,903 | |||||
(4,090,100) | (2,901,672) | (71,304) | (2,116,477) | (1,097,915) | (1,661,645) | |||||
(4,321,021) | (756,057) | 386,084 | (1,090,848) | (1,641,508) | (5,352) | |||||
(2,717,117) | (400,317) | (1,187,607) | (502,366) | (447,653) | (517,232) | |||||
77,412,376 | 912,884 | 62,254,979 | 16,473,683 | — | 7,297,067 | |||||
(7,821,296) | (5,550,414) | (10,114,794) | (12,214,912) | — | (10,245,972) | |||||
69,591,080 | (4,637,530) | 52,140,185 | 4,258,771 | — | (2,948,905) | |||||
62,552,942 | (5,793,904) | 51,338,662 | 2,665,557 | (2,089,161) | (3,471,489) | |||||
7,805,466 | 13,599,370 | 12,038,618 | 9,373,061 | 9,649,070 | 13,120,559 | |||||
$ 70,358,408 | $ 7,805,466 | $ 63,377,280 | $ 12,038,618 | $ 7,559,909 | $ 9,649,070 | |||||
450,002 | 700,002 | 1,050,002 | 700,002 | 350,002 | 450,002 | |||||
4,200,000 | 50,000 | 5,750,000 | 1,250,000 | — | 250,000 | |||||
(450,000) | (300,000) | (800,000) | (900,000) | — | (350,000) | |||||
4,200,002 | 450,002 | 6,000,002 | 1,050,002 | 350,002 | 350,002 |
First Trust Japan AlphaDEX® Fund (FJP) | First Trust Developed Markets ex-US AlphaDEX® Fund (FDT) | ||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 1,011,631 | $ 589,668 | $ 12,704,090 | $ 9,579,953 | |||
Net realized gain (loss) | (4,878,535) | 372,425 | (86,361,103) | 49,704,396 | |||
Net change in unrealized appreciation (depreciation) | (185,882) | (883,872) | (14,637,425) | (21,075,655) | |||
Net increase (decrease) in net assets resulting from operations | (4,052,786) | 78,221 | (88,294,438) | 38,208,694 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (908,402) | (875,402) | (8,989,980) | (15,144,146) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 61,526,977 | — | 113,556,642 | 36,993,954 | |||
Cost of shares redeemed | (5,698,439) | (5,437,368) | (11,518,070) | (5,897,300) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 55,828,538 | (5,437,368) | 102,038,572 | 31,096,654 | |||
Total increase (decrease) in net assets | 50,867,350 | (6,234,549) | 4,754,154 | 54,161,202 | |||
NET ASSETS: | |||||||
Beginning of period | 34,901,017 | 41,135,566 | 414,579,259 | 360,418,057 | |||
End of period | $ 85,768,367 | $ 34,901,017 | $ 419,333,413 | $ 414,579,259 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 700,002 | 800,002 | 6,836,412 | 6,336,412 | |||
Shares sold | 1,450,000 | — | 2,100,000 | 600,000 | |||
Shares redeemed | (150,000) | (100,000) | (250,000) | (100,000) | |||
Shares outstanding, end of period | 2,000,002 | 700,002 | 8,686,412 | 6,836,412 |
First Trust Emerging Markets AlphaDEX® Fund (FEM) | First Trust Germany AlphaDEX® Fund (FGM) | First Trust United Kingdom AlphaDEX® Fund (FKU) | ||||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | |||||
$ 21,360,077 | $ 20,291,122 | $ 740,454 | $ 1,764,495 | $ 2,727,599 | $ 1,655,416 | |||||
(49,860,300) | 54,058,582 | (12,573,959) | 13,492,527 | (17,360,914) | 2,683,372 | |||||
(32,760,172) | (39,795,292) | (7,953,325) | (9,078,155) | (10,729,628) | 149,705 | |||||
(61,260,395) | 34,554,412 | (19,786,830) | 6,178,867 | (25,362,943) | 4,488,493 | |||||
(20,583,503) | (19,810,512) | (1,006,869) | (1,500,281) | (2,909,539) | (1,744,928) | |||||
59,772,868 | 79,485,441 | 2,232,300 | 13,472,609 | 8,421,726 | 79,396,844 | |||||
(42,466,046) | (99,025,014) | (66,792,218) | (14,034,516) | (47,363,817) | (2,227,657) | |||||
17,306,822 | (19,539,573) | (64,559,918) | (561,907) | (38,942,091) | 77,169,187 | |||||
(64,537,076) | (4,795,673) | (85,353,617) | 4,116,679 | (67,214,573) | 79,912,752 | |||||
436,914,934 | 441,710,607 | 99,497,199 | 95,380,520 | 98,942,802 | 19,030,050 | |||||
$ 372,377,858 | $ 436,914,934 | $ 14,143,582 | $ 99,497,199 | $ 31,728,229 | $ 98,942,802 | |||||
16,650,002 | 17,450,002 | 1,850,002 | 1,850,002 | 2,250,002 | 500,002 | |||||
2,850,000 | 2,950,000 | 50,000 | 250,000 | 250,000 | 1,800,000 | |||||
(1,850,000) | (3,750,000) | (1,500,000) | (250,000) | (1,500,000) | (50,000) | |||||
17,650,002 | 16,650,002 | 400,002 | 1,850,002 | 1,000,002 | 2,250,002 |
First Trust India NIFTY 50 Equal Weight ETF (NFTY) | First Trust Switzerland AlphaDEX® Fund (FSZ) | ||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 362,174 | $ 517,271 | $ 1,499,335 | $ 1,340,611 | |||
Net realized gain (loss) | 1,257,829 | 4,125,186 | (3,306,199) | 11,727,434 | |||
Net change in unrealized appreciation (depreciation) | (4,579,433) | 7,778,700 | (18,722,923) | 5,471,228 | |||
Net increase (decrease) in net assets resulting from operations | (2,959,430) | 12,421,157 | (20,529,787) | 18,539,273 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (3,582,360) | (824,801) | (1,456,984) | (1,875,162) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 34,032,699 | 66,917,813 | 62,419,231 | 6,345,850 | |||
Cost of shares redeemed | (16,195,436) | (19,693,610) | (42,415,993) | (20,420,756) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 17,837,263 | 47,224,203 | 20,003,238 | (14,074,906) | |||
Total increase (decrease) in net assets | 11,295,473 | 58,820,559 | (1,983,533) | 2,589,205 | |||
NET ASSETS: | |||||||
Beginning of period | 62,703,330 | 3,882,771 | 99,942,826 | 97,353,621 | |||
End of period | $ 73,998,803 | $ 62,703,330 | $ 97,959,293 | $ 99,942,826 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 1,300,002 | 100,002 | 1,400,002 | 1,600,002 | |||
Shares sold | 750,000 | 1,600,000 | 1,200,000 | 100,000 | |||
Shares redeemed | (350,000) | (400,000) | (800,000) | (300,000) | |||
Shares outstanding, end of period | 1,700,002 | 1,300,002 | 1,800,002 | 1,400,002 |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS) | First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS) | First Trust Eurozone AlphaDEX® ETF (FEUZ) | ||||||||
Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | Year Ended 12/31/2022 | Year Ended 12/31/2021 | |||||
$ 275,172 | $ 145,363 | $ 5,909,596 | $ 5,574,164 | $ 715,384 | $ 899,396 | |||||
(2,030,407) | 1,706,019 | (14,285,822) | 29,064,086 | (12,106,176) | 4,839,728 | |||||
(192,453) | (856,439) | 9,215,465 | (30,029,448) | (863,910) | (3,425,251) | |||||
(1,947,688) | 994,943 | 839,239 | 4,608,802 | (12,254,702) | 2,313,873 | |||||
(304,718) | (347,513) | (5,878,163) | (8,877,525) | (761,407) | (1,009,147) | |||||
— | 9,293,815 | 43,083,272 | 25,725,874 | — | 68,170,224 | |||||
(4,029,334) | (4,668,214) | (14,321,514) | (31,008,175) | (51,899,978) | (15,702,337) | |||||
(4,029,334) | 4,625,601 | 28,761,758 | (5,282,301) | (51,899,978) | 52,467,887 | |||||
(6,281,740) | 5,273,031 | 23,722,834 | (9,551,024) | (64,916,087) | 53,772,613 | |||||
13,816,803 | 8,543,772 | 143,030,066 | 152,581,090 | 81,135,353 | 27,362,740 | |||||
$ 7,535,063 | $ 13,816,803 | $ 166,752,900 | $ 143,030,066 | $ 16,219,266 | $ 81,135,353 | |||||
300,002 | 200,002 | 3,550,002 | 3,700,002 | 1,750,002 | 650,002 | |||||
— | 200,000 | 1,150,000 | 550,000 | — | 1,450,000 | |||||
(100,000) | (100,000) | (400,000) | (700,000) | (1,300,000) | (350,000) | |||||
200,002 | 300,002 | 4,300,002 | 3,550,002 | 450,002 | 1,750,002 |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 31.57 | $ 32.25 | $ 28.57 | $ 27.65 | $ 35.73 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.97 | 1.28 | 0.58 | 0.63 | 0.40 | ||||
Net realized and unrealized gain (loss) | (5.88) | (0.37) | 3.61 | 1.40 | (7.72) | ||||
Total from investment operations | (4.91) | 0.91 | 4.19 | 2.03 | (7.32) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.08) | (1.59) | (0.51) | (1.09) | (0.69) | ||||
Return of capital | — | — | — | (0.02) | (0.07) | ||||
Total distributions | (1.08) | (1.59) | (0.51) | (1.11) | (0.76) | ||||
Net asset value, end of period | $25.58 | $31.57 | $32.25 | $28.57 | $27.65 | ||||
Total return (a) | (15.62)% | 2.75% | 14.89% | 7.35% | (20.71)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 11,511 | $ 25,258 | $ 17,736 | $ 19,997 | $ 30,419 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 3.63% | 4.03% | 2.33% | 2.64% | 1.68% | ||||
Portfolio turnover rate (b) | 82% | 102% | 103% | 101% | 88% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 43.31 | $ 38.50 | $ 37.64 | $ 31.11 | $ 39.07 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.93 | 1.05 | 0.42 | 0.87 | 0.84 | ||||
Net realized and unrealized gain (loss) | (10.90) | 5.26 | 1.32 | 6.65 | (7.99) | ||||
Total from investment operations | (9.97) | 6.31 | 1.74 | 7.52 | (7.15) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.96) | (1.50) | (0.88) | (0.99) | (0.81) | ||||
Net asset value, end of period | $32.38 | $43.31 | $38.50 | $37.64 | $31.11 | ||||
Total return (a) | (22.87)% | 16.53% | 4.95% | 24.38% | (18.67)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 254,167 | $ 573,909 | $ 442,765 | $ 511,890 | $ 592,586 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 3.23% | 2.33% | 1.32% | 2.49% | 2.30% | ||||
Portfolio turnover rate (b) | 88% | 105% | 109% | 102% | 99% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 17.35 | $ 19.43 | $ 22.67 | $ 18.33 | $ 20.43 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.98 | 0.89 | 0.52 | 0.48 | 0.52 | ||||
Net realized and unrealized gain (loss) | (0.65) | (2.16) | (3.44) | 4.29 | (2.06) | ||||
Total from investment operations | 0.33 | (1.27) | (2.92) | 4.77 | (1.54) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.93) | (0.81) | (0.20) | (0.43) | (0.51) | ||||
Return of capital | — | — | (0.12) | — | (0.05) | ||||
Total distributions | (0.93) | (0.81) | (0.32) | (0.43) | (0.56) | ||||
Net asset value, end of period | $16.75 | $17.35 | $19.43 | $22.67 | $18.33 | ||||
Total return (a) | 2.17% | (6.66)% | (12.32)% | 26.26% | (7.50)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 70,358 | $ 7,805 | $ 13,599 | $ 131,463 | $ 17,418 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 7.82% | 4.28% | 0.81% | 2.02% | 2.46% | ||||
Portfolio turnover rate (b) | 104% | 91% | 34% | 165% | 158% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 11.47 | $ 13.39 | $ 17.24 | $ 13.38 | $ 15.51 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.95 | 0.94 | 0.09 | 0.35 | 0.55 | ||||
Net realized and unrealized gain (loss) | (0.82) | (2.08) | (3.60) | 5.08 | (0.97) | ||||
Total from investment operations | 0.13 | (1.14) | (3.51) | 5.43 | (0.42) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.04) | (0.78) | (0.28) | (1.57) | (0.54) | ||||
Net realized gain | — | — | — | — | (1.17) | ||||
Return of capital | — | — | (0.06) | — | — | ||||
Total distributions | (1.04) | (0.78) | (0.34) | (1.57) | (1.71) | ||||
Net asset value, end of period | $10.56 | $11.47 | $13.39 | $17.24 | $13.38 | ||||
Total return (a) | 1.45% | (9.00)% | (19.48)% | 41.06% | (1.17)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 63,377 | $ 12,039 | $ 9,373 | $ 116,374 | $ 129,081 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 8.88% | 7.36% | 0.72% | 2.15% | 6.84% | ||||
Portfolio turnover rate (b) | 95% | 225% | 154% | 90% | 128% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 27.57 | $ 29.16 | $ 26.87 | $ 23.81 | $ 29.77 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.28 | 1.22 | 1.22 | 1.03 | 0.84 | ||||
Net realized and unrealized gain (loss) | (5.97) | (1.47) | 2.26 | 3.03 | (6.07) | ||||
Total from investment operations | (4.69) | (0.25) | 3.48 | 4.06 | (5.23) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.28) | (1.34) | (1.19) | (1.00) | (0.73) | ||||
Net asset value, end of period | $21.60 | $27.57 | $29.16 | $26.87 | $23.81 | ||||
Total return (a) | (17.10)% | (1.18)% | 13.58% | 17.34% | (17.87)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 7,560 | $ 9,649 | $ 13,121 | $ 9,403 | $ 7,142 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 5.19% | 3.66% | 5.16% | 4.21% | 2.90% | ||||
Portfolio turnover rate (b) | 117% | 166% | 83% | 111% | 97% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 49.86 | $ 51.42 | $ 51.10 | $ 48.55 | $ 59.80 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.19 | 0.81 | 0.49 | 1.12 | 0.79 | ||||
Net realized and unrealized gain (loss) | (7.23) | (1.16) | 0.34 | 2.84 | (11.30) | ||||
Total from investment operations | (6.04) | (0.35) | 0.83 | 3.96 | (10.51) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.94) | (1.21) | (0.51) | (1.41) | (0.74) | ||||
Net asset value, end of period | $42.88 | $49.86 | $51.42 | $51.10 | $48.55 | ||||
Total return (a) | (12.04)% | (0.69)% | 1.71% | 8.27% | (17.66)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 85,768 | $ 34,901 | $ 41,136 | $ 76,647 | $ 152,934 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 2.92% | 1.53% | 1.13% | 1.90% | 1.34% | ||||
Portfolio turnover rate (b) | 79% | 126% | 136% | 127% | 90% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 60.64 | $ 56.88 | $ 55.79 | $ 49.24 | $ 62.31 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.67 | 1.52 | 0.68 | 1.19 | 1.04 | ||||
Net realized and unrealized gain (loss) | (12.95) | 4.55 | 1.78 | 6.91 | (13.06) | ||||
Total from investment operations | (11.28) | 6.07 | 2.46 | 8.10 | (12.02) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.09) | (2.31) | (1.37) | (1.55) | (1.01) | ||||
Return of capital | — | — | — | — | (0.04) | ||||
Total distributions | (1.09) | (2.31) | (1.37) | (1.55) | (1.05) | ||||
Net asset value, end of period | $48.27 | $60.64 | $56.88 | $55.79 | $49.24 | ||||
Total return (a) | (18.57)% | 10.70% | 4.61% | 16.56% | (19.52)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 419,333 | $ 414,579 | $ 360,418 | $ 691,886 | $ 940,633 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 3.09% | 2.42% | 1.39% | 2.13% | 1.76% | ||||
Portfolio turnover rate (b) | 95% | 111% | 117% | 107% | 109% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 26.24 | $ 25.31 | $ 26.36 | $ 22.80 | $ 27.84 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.34 | 1.11 | 0.63 | 0.88 | 0.88 | ||||
Net realized and unrealized gain (loss) | (5.19) | 0.90 | (1.00) | 3.56 | (5.12) | ||||
Total from investment operations | (3.85) | 2.01 | (0.37) | 4.44 | (4.24) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.29) | (1.08) | (0.68) | (0.88) | (0.80) | ||||
Net asset value, end of period | $21.10 | $26.24 | $25.31 | $26.36 | $22.80 | ||||
Total return (a) | (14.33)% | 7.90% | (0.92)% | 19.81% | (15.48)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 372,378 | $ 436,915 | $ 441,711 | $ 644,615 | $ 452,607 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 5.90% | 4.03% | 2.53% | 3.61% | 3.37% | ||||
Portfolio turnover rate (b) | 106% | 119% | 111% | 122% | 103% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 53.78 | $ 51.56 | $ 44.39 | $ 37.57 | $ 51.26 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.77 | 0.91 | 0.68 | 1.02 | 0.72 | ||||
Net realized and unrealized gain (loss) | (18.27) | 2.08 | 7.17 | 6.82 | (13.59) | ||||
Total from investment operations | (16.50) | 2.99 | 7.85 | 7.84 | (12.87) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.92) | (0.77) | (0.68) | (1.02) | (0.82) | ||||
Net asset value, end of period | $35.36 | $53.78 | $51.56 | $44.39 | $37.57 | ||||
Total return (a) | (30.39)% | 5.74% | 17.90% | 21.06% | (25.40)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 14,144 | $ 99,497 | $ 95,381 | $ 144,261 | $ 139,022 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 2.23% | 1.67% | 1.40% | 2.48% | 1.66% | ||||
Portfolio turnover rate (b) | 152% | 80% | 106% | 99% | 81% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 43.97 | $ 38.06 | $ 40.99 | $ 32.11 | $ 39.97 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.54 | 1.29 | 0.58 | 1.34 | 1.13 | ||||
Net realized and unrealized gain (loss) | (12.02) | 5.93 | (2.95) | 8.91 | (7.35) | ||||
Total from investment operations | (10.48) | 7.22 | (2.37) | 10.25 | (6.22) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.76) | (1.31) | (0.56) | (1.37) | (1.64) | ||||
Net asset value, end of period | $31.73 | $43.97 | $38.06 | $40.99 | $32.11 | ||||
Total return (a) | (23.52)% | 19.10% | (5.25)% | 32.36% | (16.16)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 31,728 | $ 98,943 | $ 19,030 | $ 18,444 | $ 9,632 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 4.29% | 3.34% | 1.72% | 3.58% | 2.81% | ||||
Portfolio turnover rate (b) | 98% | 45% | 109% | 73% | 107% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 48.23 | $ 38.83 | $ 35.26 | $ 35.35 | $ 36.33 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.22 | 0.48 | 0.30 | 0.26 | 0.23 | ||||
Net realized and unrealized gain (loss) | (2.35) | 9.65 | 3.50 | (0.01) | (1.21) | ||||
Total from investment operations | (2.13) | 10.13 | 3.80 | 0.25 | (0.98) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.05) | (0.73) | (0.23) | (0.27) | (0.01) | ||||
Net realized gain | (2.52) | — | — | — | — | ||||
Return of capital | — | — | — | (0.07) | — | ||||
Total distributions | (2.57) | (0.73) | (0.23) | (0.34) | — | ||||
Net asset value, end of period | $43.53 | $48.23 | $38.83 | $35.26 | $35.35 | ||||
Total return (a) | (4.45)% | 26.15% | 10.66% | 0.71% | (2.67)% (b) | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 73,999 | $ 62,703 | $ 3,883 | $ 3,526 | $ 3,535 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 0.68% | 0.95% | 0.98% | 0.74% | 0.77% | ||||
Portfolio turnover rate (c) | 56% | 57% | 38% | 24% | 156% (d) |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | The Fund received a reimbursement from the advisor in the amount of $7,227, which represents less than $0.01 per share. Since the advisor reimbursed the Fund, there was no effect on the Fund’s total return. |
(c) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
(d) | The variation in the portfolio turnover rate is due to the change in the Fund’s underlying index effective April 17, 2018 which resulted in a complete rebalance of the Fund’s portfolio. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 71.39 | $ 60.85 | $ 54.11 | $ 43.89 | $ 52.73 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.98 | 0.78 | 0.88 | 1.07 | 0.82 | ||||
Net realized and unrealized gain (loss) | (17.03) | 10.92 | 6.78 | 10.24 | (8.66) | ||||
Total from investment operations | (15.05) | 11.70 | 7.66 | 11.31 | (7.84) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.92) | (1.16) | (0.92) | (1.09) | (0.84) | ||||
Return of capital | — | — | — | — | (0.16) | ||||
Total distributions | (1.92) | (1.16) | (0.92) | (1.09) | (1.00) | ||||
Net asset value, end of period | $54.42 | $71.39 | $60.85 | $54.11 | $43.89 | ||||
Total return (a) | (20.88)% | 19.34% | 14.50% | 25.91% | (15.11)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 97,959 | $ 99,943 | $ 97,354 | $ 148,811 | $ 151,409 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 2.30% | 1.25% | 1.59% | 2.24% | 1.79% | ||||
Portfolio turnover rate (b) | 64% | 66% | 86% | 77% | 65% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 46.06 | $ 42.72 | $ 39.03 | $ 33.54 | $ 44.89 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.09 | 0.74 | 0.46 | 0.61 | 0.58 | ||||
Net realized and unrealized gain (loss) | (8.09) | 3.99 | 4.09 | 5.77 | (11.28) | ||||
Total from investment operations | (7.00) | 4.73 | 4.55 | 6.38 | (10.70) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.39) | (1.39) | (0.86) | (0.89) | (0.62) | ||||
Return of capital | — | — | — | — | (0.03) | ||||
Total distributions | (1.39) | (1.39) | (0.86) | (0.89) | (0.65) | ||||
Net asset value, end of period | $37.67 | $46.06 | $42.72 | $39.03 | $33.54 | ||||
Total return (a) | (15.00)% | 11.09% | 12.18% | 19.13% | (24.03)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 7,535 | $ 13,817 | $ 8,544 | $ 9,758 | $ 10,063 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 2.88% | 1.46% | 1.35% | 1.66% | 1.30% | ||||
Portfolio turnover rate (b) | 109% | 116% | 127% | 119% | 142% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 40.29 | $ 41.24 | $ 39.28 | $ 32.44 | $ 43.02 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.86 | 1.57 | 0.74 | 1.11 | 1.19 | ||||
Net realized and unrealized gain (loss) | (1.60) | (0.01) | 2.41 | 7.46 | (10.26) | ||||
Total from investment operations | 0.26 | 1.56 | 3.15 | 8.57 | (9.07) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.77) | (2.51) | (1.19) | (1.73) | (1.44) | ||||
Net realized gain | — | — | — | — | (0.07) | ||||
Total distributions | (1.77) | (2.51) | (1.19) | (1.73) | (1.51) | ||||
Net asset value, end of period | $38.78 | $40.29 | $41.24 | $39.28 | $32.44 | ||||
Total return (a) | 1.36% | 3.68% | 8.73% | 26.90% | (21.42)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 166,753 | $ 143,030 | $ 152,581 | $ 163,004 | $ 157,326 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 4.60% | 3.65% | 2.38% | 2.88% | 3.02% | ||||
Portfolio turnover rate (b) | 117% | 127% | 123% | 127% | 126% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended December 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period | $ 46.36 | $ 42.10 | $ 40.88 | $ 34.43 | $ 43.81 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.85 | 1.10 | 0.50 | 0.73 | 0.80 | ||||
Net realized and unrealized gain (loss) | (10.05) | 4.32 | 1.34 | 6.51 | (9.34) | ||||
Total from investment operations | (9.20) | 5.42 | 1.84 | 7.24 | (8.54) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.12) | (1.16) | (0.62) | (0.79) | (0.84) | ||||
Net asset value, end of period | $36.04 | $46.36 | $42.10 | $40.88 | $34.43 | ||||
Total return (a) | (19.65)% | 12.90% | 4.69% | 21.15% | (19.82)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 16,219 | $ 81,135 | $ 27,363 | $ 53,145 | $ 49,925 | ||||
Ratio of total expenses to average net assets | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average net assets | 2.09% | 2.27% | 1.26% | 1.96% | 2.10% | ||||
Portfolio turnover rate (b) | 56% | 59% | 93% | 87% | 90% |
(a) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(b) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | Nasdaq AlphaDEX® Asia Pacific Ex-Japan Index |
First Trust Europe AlphaDEX® Fund | Nasdaq AlphaDEX® Europe Index |
First Trust Latin America AlphaDEX® Fund | Nasdaq AlphaDEX® Latin America Index |
First Trust Brazil AlphaDEX® Fund | Nasdaq AlphaDEX® Brazil Index |
First Trust China AlphaDEX® Fund | Nasdaq AlphaDEX® China Index |
First Trust Japan AlphaDEX® Fund | Nasdaq AlphaDEX® Japan Index |
First Trust Developed Markets ex-US AlphaDEX® Fund | Nasdaq AlphaDEX® Developed Markets Ex-US Index |
First Trust Emerging Markets AlphaDEX® Fund | Nasdaq AlphaDEX® Emerging Markets Index |
First Trust Germany AlphaDEX® Fund | Nasdaq AlphaDEX® Germany Index |
First Trust United Kingdom AlphaDEX® Fund | Nasdaq AlphaDEX® United Kingdom Index |
First Trust India NIFTY 50 Equal Weight ETF | NIFTY 50 Equal Weight Index |
First Trust Switzerland AlphaDEX® Fund | Nasdaq AlphaDEX® Switzerland Index |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | Nasdaq AlphaDEX® Developed Markets Ex-US Small Cap Index |
First Trust Emerging Markets Small Cap AlphaDEX® Fund | Nasdaq AlphaDEX® Emerging Markets Small Cap Index |
First Trust Eurozone AlphaDEX® ETF | Nasdaq AlphaDEX® Eurozone Index |
1) | the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price; |
2) | the type of security; |
3) | the size of the holding; |
4) | the initial cost of the security; |
5) | transactions in comparable securities; |
6) | price quotes from dealers and/or third-party pricing services; |
7) | relationships among various securities; |
8) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
9) | an analysis of the issuer’s financial statements; |
10) | the existence of merger proposals or tender offers that might affect the value of the security; and |
11) | other relevant factors. |
1) | the value of similar foreign securities traded on other foreign markets; |
2) | ADR trading of similar securities; |
3) | closed-end fund or exchange-traded fund trading of similar securities; |
4) | foreign currency exchange activity; |
5) | the trading prices of financial products that are tied to baskets of foreign securities; |
6) | factors relating to the event that precipitated the pricing problem; |
7) | whether the event is likely to recur; |
8) | whether the effects of the event are isolated or whether they affect entire markets, countries or regions; and |
9) | other relevant factors. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Security | Acquisition Date | Principal Value/Shares | Current Price | Carrying Cost | Value | % of Net Assets |
YES Bank Ltd. Lock-In | 03/18/20 | 75,422 | $0.25 | $36,638 | $18,780 | 0.03% |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 523,132 | $ — | $ — | ||
First Trust Europe AlphaDEX® Fund | 9,500,812 | — | — | ||
First Trust Latin America AlphaDEX® Fund | 2,717,117 | — | — | ||
First Trust Brazil AlphaDEX® Fund | 1,187,607 | — | — | ||
First Trust China AlphaDEX® Fund | 447,653 | — | — | ||
First Trust Japan AlphaDEX® Fund | 908,402 | — | — | ||
First Trust Developed Markets ex-US AlphaDEX® Fund | 8,989,980 | — | — | ||
First Trust Emerging Markets AlphaDEX® Fund | 20,583,503 | — | — | ||
First Trust Germany AlphaDEX® Fund | 1,006,869 | — | — | ||
First Trust United Kingdom AlphaDEX® Fund | 2,909,539 | — | — | ||
First Trust India NIFTY 50 Equal Weight ETF | 3,010,329 | 572,031 | — | ||
First Trust Switzerland AlphaDEX® Fund | 1,456,984 | — | — | ||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 304,718 | — | — | ||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 5,878,163 | — | — | ||
First Trust Eurozone AlphaDEX® ETF | 761,407 | — | — |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 1,196,923 | $ — | $ — | ||
First Trust Europe AlphaDEX® Fund | 18,281,993 | — | — | ||
First Trust Latin America AlphaDEX® Fund | 400,317 | — | — | ||
First Trust Brazil AlphaDEX® Fund | 502,366 | — | — | ||
First Trust China AlphaDEX® Fund | 517,232 | — | — | ||
First Trust Japan AlphaDEX® Fund | 875,402 | — | — | ||
First Trust Developed Markets ex-US AlphaDEX® Fund | 15,144,146 | — | — | ||
First Trust Emerging Markets AlphaDEX® Fund | 19,810,512 | — | — | ||
First Trust Germany AlphaDEX® Fund | 1,500,281 | — | — | ||
First Trust United Kingdom AlphaDEX® Fund | 1,744,928 | — | — | ||
First Trust India NIFTY 50 Equal Weight ETF | 824,801 | — | — | ||
First Trust Switzerland AlphaDEX® Fund | 1,875,162 | — | — | ||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 347,513 | — | — | ||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 8,877,525 | — | — | ||
First Trust Eurozone AlphaDEX® ETF | 1,009,147 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | Other | ||||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ — | $ (15,930,099) | $ (80,672) | $ — | |||
First Trust Europe AlphaDEX® Fund | — | (255,822,778) | (26,554) | 262,220 | |||
First Trust Latin America AlphaDEX® Fund | 54,237 | (43,566,993) | (4,465,626) | — | |||
First Trust Brazil AlphaDEX® Fund | 394,076 | (27,521,574) | (1,005,689) | — | |||
First Trust China AlphaDEX® Fund | 1,060 | (7,303,369) | (1,702,294) | — | |||
First Trust Japan AlphaDEX® Fund | 263,987 | (55,011,790) | (925,046) | — | |||
First Trust Developed Markets ex-US AlphaDEX® Fund | 748,385 | (351,864,237) | 12,285,100 | 148,488 | |||
First Trust Emerging Markets AlphaDEX® Fund | 338 | (213,255,786) | (11,162,711) | — | |||
First Trust Germany AlphaDEX® Fund | — | (30,493,437) | (3,403,995) | — | |||
First Trust United Kingdom AlphaDEX® Fund | 7,414 | (51,874,536) | (7,305,770) | — | |||
First Trust India NIFTY 50 Equal Weight ETF | — | — | 2,868,397 | — | |||
First Trust Switzerland AlphaDEX® Fund | 169,451 | (29,942,722) | (188,120) | — | |||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | — | (5,545,476) | 119,543 | — | |||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 375,099 | (44,354,948) | 6,710,548 | — | |||
First Trust Eurozone AlphaDEX® ETF | — | (22,211,805) | (1,166,758) | — |
Non-Expiring Capital Loss Carryforward | |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 15,930,099 |
First Trust Europe AlphaDEX® Fund | 255,822,778 |
First Trust Latin America AlphaDEX® Fund | 43,566,993 |
First Trust Brazil AlphaDEX® Fund | 27,521,574 |
First Trust China AlphaDEX® Fund | 7,303,369 |
First Trust Japan AlphaDEX® Fund | 55,011,790 |
First Trust Developed Markets ex-US AlphaDEX® Fund* | 351,864,237 |
First Trust Emerging Markets AlphaDEX® Fund | 213,255,786 |
First Trust Germany AlphaDEX® Fund | 30,493,437 |
First Trust United Kingdom AlphaDEX® Fund | 51,874,536 |
First Trust India NIFTY 50 Equal Weight ETF | — |
First Trust Switzerland AlphaDEX® Fund | 29,942,722 |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 5,545,476 |
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 44,354,948 |
First Trust Eurozone AlphaDEX® ETF | 22,211,805 |
Accumulated Net Investment Income (Loss) | Accumulated Net Realized Gain (Loss) on Investments | Paid-in Capital | |||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 31,611 | $ (706,369) | $ 674,758 | ||
First Trust Europe AlphaDEX® Fund | 4,024,390 | 2,968,372 | (6,992,762) | ||
First Trust Latin America AlphaDEX® Fund | (282,536) | 30,170 | 252,366 | ||
First Trust Brazil AlphaDEX® Fund | (82,237) | 89,857 | (7,620) | ||
First Trust China AlphaDEX® Fund | 142 | (142) | — | ||
First Trust Japan AlphaDEX® Fund | 39,117 | 528,695 | (567,812) | ||
First Trust Developed Markets ex-US AlphaDEX® Fund | 395,376 | (1,585,847) | 1,190,471 | ||
First Trust Emerging Markets AlphaDEX® Fund | 138,454 | (25,605) | (112,849) | ||
First Trust Germany AlphaDEX® Fund | 4,085 | 8,097,644 | (8,101,729) | ||
First Trust United Kingdom AlphaDEX® Fund | 253,022 | 3,401,784 | (3,654,806) | ||
First Trust India NIFTY 50 Equal Weight ETF | (569,909) | 273,516 | 296,393 | ||
First Trust Switzerland AlphaDEX® Fund | 184,817 | 2,556,225 | (2,741,042) | ||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 44,661 | 15,340 | (60,001) | ||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 498,461 | 22,665 | (521,126) | ||
First Trust Eurozone AlphaDEX® ETF | 126,867 | 5,323,666 | (5,450,533) |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 11,632,535 | $ 1,111,538 | $ (1,192,476) | $ (80,938) | |||
First Trust Europe AlphaDEX® Fund | 254,221,451 | 28,293,682 | (28,007,951) | 285,731 | |||
First Trust Latin America AlphaDEX® Fund | 74,181,060 | 1,836,684 | (6,302,213) | (4,465,529) | |||
First Trust Brazil AlphaDEX® Fund | 63,897,728 | 1,587,802 | (2,591,628) | (1,003,826) | |||
First Trust China AlphaDEX® Fund | 9,247,318 | 445,956 | (2,148,227) | (1,702,271) | |||
First Trust Japan AlphaDEX® Fund | 90,958,820 | 2,432,217 | (3,358,097) | (925,880) | |||
First Trust Developed Markets ex-US AlphaDEX® Fund | 423,717,848 | 40,879,461 | (28,519,985) | 12,359,476 | |||
First Trust Emerging Markets AlphaDEX® Fund | 381,919,545 | 45,583,283 | (56,331,961) | (10,748,678) | |||
First Trust Germany AlphaDEX® Fund | 17,596,478 | 774,085 | (4,176,507) | (3,402,422) | |||
First Trust United Kingdom AlphaDEX® Fund | 38,870,177 | 1,496,967 | (8,801,550) | (7,304,583) | |||
First Trust India NIFTY 50 Equal Weight ETF | 71,153,762 | 5,631,242 | (1,912,875) | 3,718,367 | |||
First Trust Switzerland AlphaDEX® Fund | 97,172,016 | 3,133,442 | (3,330,563) | (197,121) | |||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 7,419,156 | 818,639 | (698,073) | 120,566 | |||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 162,179,362 | 21,647,305 | (14,938,842) | 6,708,463 | |||
First Trust Eurozone AlphaDEX® ETF | 17,358,244 | 1,351,007 | (2,508,289) | (1,157,282) |
Breakpoints | |
Fund net assets up to and including $2.5 billion | 0.80% |
Fund net assets greater than $2.5 billion up to and including $5 billion | 0.78% |
Fund net assets greater than $5 billion up to and including $7.5 billion | 0.76% |
Fund net assets greater than $7.5 billion up to and including $10 billion | 0.74% |
Fund net assets greater than $10 billion | 0.72% |
Purchases | Sales | ||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ 11,771,294 | $ 16,604,249 | |
First Trust Europe AlphaDEX® Fund | 324,728,576 | 325,949,925 | |
First Trust Latin America AlphaDEX® Fund | 88,728,132 | 40,574,476 | |
First Trust Brazil AlphaDEX® Fund | 68,079,908 | 16,297,973 | |
First Trust China AlphaDEX® Fund | 9,998,867 | 10,014,457 | |
First Trust Japan AlphaDEX® Fund | 29,116,906 | 28,071,503 | |
First Trust Developed Markets ex-US AlphaDEX® Fund | 406,135,369 | 390,288,290 | |
First Trust Emerging Markets AlphaDEX® Fund | 401,240,601 | 381,914,699 | |
First Trust Germany AlphaDEX® Fund | 52,876,576 | 53,352,012 | |
First Trust United Kingdom AlphaDEX® Fund | 63,343,456 | 63,899,541 | |
First Trust India NIFTY 50 Equal Weight ETF | 44,625,212 | 30,757,949 | |
First Trust Switzerland AlphaDEX® Fund | 42,041,789 | 42,021,198 | |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 10,373,917 | 11,221,351 | |
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 169,284,904 | 153,322,823 | |
First Trust Eurozone AlphaDEX® ETF | 19,492,241 | 19,779,083 | |
Purchases | Sales | ||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $ — | $ 5,832,950 | |
First Trust Europe AlphaDEX® Fund | 12,346,168 | 191,062,366 | |
First Trust Latin America AlphaDEX® Fund | 22,453,672 | 1,581,525 | |
First Trust Brazil AlphaDEX® Fund | 18,879 | 19,156 | |
First Trust China AlphaDEX® Fund | — | — | |
First Trust Japan AlphaDEX® Fund | 60,430,379 | 5,592,964 | |
First Trust Developed Markets ex-US AlphaDEX® Fund | 98,817,512 | 10,623,408 | |
First Trust Emerging Markets AlphaDEX® Fund | 21,588,360 | 22,987,223 | |
First Trust Germany AlphaDEX® Fund | 2,229,794 | 66,662,523 | |
First Trust United Kingdom AlphaDEX® Fund | 8,365,113 | 46,729,983 | |
First Trust India NIFTY 50 Equal Weight ETF | — | — | |
First Trust Switzerland AlphaDEX® Fund | 61,247,470 | 41,529,086 | |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | — | 3,226,331 | |
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 20,626,700 | 8,388,364 | |
First Trust Eurozone AlphaDEX® ETF | — | 51,696,000 |
Qualified Dividend Income | |
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | 85.69% |
First Trust Europe AlphaDEX® Fund | 100.00% |
First Trust Latin America AlphaDEX® Fund | 8.55% |
First Trust Brazil AlphaDEX® Fund | 0.00% |
First Trust China AlphaDEX® Fund | 77.03% |
First Trust Japan AlphaDEX® Fund | 74.16% |
First Trust Developed Markets ex-US AlphaDEX® Fund | 100.00% |
First Trust Emerging Markets AlphaDEX® Fund | 55.85% |
First Trust Germany AlphaDEX® Fund | 100.00% |
First Trust United Kingdom AlphaDEX® Fund | 100.00% |
First Trust India NIFTY 50 Equal Weight ETF | 36.28% |
First Trust Switzerland AlphaDEX® Fund | 100.00% |
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 76.18% |
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 35.60% |
First Trust Eurozone AlphaDEX® ETF | 100.00% |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
First Trust Asia Pacific ex-Japan AlphaDEX® Fund | $655,144 | $1.46 | $57,340 | $0.13 | |||
First Trust Europe AlphaDEX® Fund | 13,081,623 | 1.67 | 1,191,230 | 0.15 | |||
First Trust Latin America AlphaDEX® Fund | 3,776,359 | 0.90 | 424,820 | 0.10 | |||
First Trust Brazil AlphaDEX® Fund | 1,537,370 | 0.26 | 97,722 | 0.02 | |||
First Trust China AlphaDEX® Fund | 546,240 | 1.56 | 37,451 | 0.11 | |||
First Trust Japan AlphaDEX® Fund | 1,051,039 | 0.53 | 105,104 | 0.05 | |||
First Trust Developed Markets ex-US AlphaDEX® Fund | 14,300,117 | 1.65 | 1,363,305 | 0.16 | |||
First Trust Emerging Markets AlphaDEX® Fund | 27,152,373 | 1.54 | 3,620,633 | 0.21 | |||
First Trust Germany AlphaDEX® Fund | 1,154,122 | 2.89 | 151,214 | 0.38 | |||
First Trust United Kingdom AlphaDEX® Fund | 3,259,314 | 3.26 | 2,580 | 0.00* | |||
First Trust India NIFTY 50 Equal Weight ETF | 1,009,264 | 0.59 | 917,690 | 0.54 | |||
First Trust Switzerland AlphaDEX® Fund | 2,300,476 | 1.28 | 279,705 | 0.16 | |||
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund | 383,339 | 1.92 | 36,565 | 0.18 | |||
First Trust Emerging Markets Small Cap AlphaDEX® Fund | 7,437,518 | 1.73 | 752,659 | 0.18 | |||
First Trust Eurozone AlphaDEX® ETF | 1,011,609 | 2.25 | 124,631 | 0.28 |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
Name, Year of Birth and Position with the Trust | Term of Office and Year First Elected or Appointed | Principal Occupations During Past 5 Years | Number of Portfolios in the First Trust Fund Complex Overseen by Trustee | Other Trusteeships or Directorships Held by Trustee During Past 5 Years |
INDEPENDENT TRUSTEES | ||||
Richard E. Erickson, Trustee (1951) | • Indefinite Term • Since Inception | Physician, Edward-Elmhurst Medical Group; Physician and Officer, Wheaton Orthopedics (1990 to 2021) | 222 | None |
Thomas R. Kadlec, Trustee (1957) | • Indefinite Term • Since Inception | Retired; President, ADM Investor Services, Inc. (Futures Commission Merchant) (2010 to July 2022) | 222 | Director, National Futures Association and ADMIS Singapore Ltd.; Formerly, Director of ADM Investor Services, Inc., ADM Investor Services International, ADMIS Hong Kong Ltd., and Futures Industry Association |
Denise M. Keefe, Trustee (1964) | • Indefinite Term • Since 2021 | Executive Vice President, Advocate Aurora Health and President, Advocate Aurora Continuing Health Division (Integrated Healthcare System) | 222 | Director and Board Chair of Advocate Home Health Services, Advocate Home Care Products and Advocate Hospice; Director and Board Chair of Aurora At Home (since 2018); Director of Advocate Physician Partners Accountable Care Organization; Director and Board Chair of RML Long Term Acute Care Hospitals; and Director of Senior Helpers (since 2021) |
Robert F. Keith, Trustee (1956) | • Indefinite Term • Since Inception | President, Hibs Enterprises (Financial and Management Consulting) | 222 | Formerly, Director of Trust Company of Illinois |
Niel B. Nielson, Trustee (1954) | • Indefinite Term • Since Inception | Senior Advisor (2018 to Present), Managing Director and Chief Operating Officer (2015 to 2018), Pelita Harapan Educational Foundation (Educational Products and Services) | 222 | None |
INTERESTED TRUSTEE | ||||
James A. Bowen(1), Trustee and Chairman of the Board (1955) | • Indefinite Term • Since Inception | Chief Executive Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chairman of the Board of Directors, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) | 222 | None |
(1) | Mr. Bowen is deemed an “interested person” of the Trust due to his position as CEO of First Trust Advisors L.P., investment advisor of the Trust. |
Name and Year of Birth | Position and Offices with Trust | Term of Office and Length of Service | Principal Occupations During Past 5 Years |
OFFICERS(2) | |||
James M. Dykas (1966) | President and Chief Executive Officer | • Indefinite Term • Since 2016 | Managing Director and Chief Financial Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chief Financial Officer, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) |
Donald P. Swade (1972) | Treasurer, Chief Financial Officer and Chief Accounting Officer | • Indefinite Term • Since 2016 | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
W. Scott Jardine (1960) | Secretary and Chief Legal Officer | • Indefinite Term • Since Inception | General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P.; Secretary and General Counsel, BondWave LLC; Secretary, Stonebridge Advisors LLC |
Daniel J. Lindquist (1970) | Vice President | • Indefinite Term • Since Inception | Managing Director, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Kristi A. Maher (1966) | Chief Compliance Officer and Assistant Secretary | • Indefinite Term • Since Inception | Deputy General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Roger F. Testin (1966) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Stan Ueland (1970) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
(2) | The term “officer” means the president, vice president, secretary, treasurer, controller or any other officer who performs a policy making function. |
• | Information we receive from you and your broker-dealer, investment professional or financial representative through interviews, applications, agreements or other forms; |
• | Information about your transactions with us, our affiliates or others; |
• | Information we receive from your inquiries by mail, e-mail or telephone; and |
• | Information we collect on our website through the use of “cookies.” For example, we may identify the pages on our website that your browser requests or visits. |
• | In order to provide you with products and services and to effect transactions that you request or authorize, we may disclose your personal information as described above to unaffiliated financial service providers and other companies that perform administrative or other services on our behalf, such as transfer agents, custodians and trustees, or that assist us in the distribution of investor materials such as trustees, banks, financial representatives, proxy services, solicitors and printers. |
• | We may release information we have about you if you direct us to do so, if we are compelled by law to do so, or in other legally limited circumstances (for example to protect your account from fraud). |
(b) | Not applicable. |
Item 2. Code of Ethics.
(a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
(e) | Not applicable. |
(f) | copy of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller is filed as an exhibit pursuant to Item 13(a)(1). |
Item 3. Audit Committee Financial Expert.
As of the end of the period covered by the report, the registrant's board of trustees has determined that Thomas R. Kadlec and Robert F. Keith are qualified to serve as audit committee financial experts serving on its audit committee and that each of them is “independent,” as defined by Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
(a) Audit Fees (Registrant) — The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements were $327,500 for the fiscal year ended December 31, 2021 and $337,500 for the fiscal year ended December 31, 2022.
(b) Audit-Related Fees (Registrant) — The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended December 31, 2021, and $0 for the fiscal year ended December 31, 2022.
Audit-Related Fees (Investment Advisor and Distributor) — The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended December 31, 2021 and $0 for the fiscal year ended December 31, 2022.
(c) Tax Fees (Registrant) — The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the registrant were $278,962 for the fiscal year ended December 31, 2021, and $195,000 for the fiscal year ended December 31, 2022. These fees were for tax consultation and/or tax return preparation and professional services rendered for PFIC (Passive Foreign Investment Company) Identification Services.
Tax Fees (Investment Advisor and Distributor) —The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the registrant’s advisor and distributor were $0 for the fiscal year ended December 31, 2021 and $0 for the fiscal year ended December 31, 2022.
(d) All Other Fees (Registrant) — The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant to the registrant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended December 31, 2021, and $0 for the fiscal year ended December 31, 2022.
All Other Fees (Investment Advisor and Distributor) — The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant to the registrant’s investment advisor and distributor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended December 31, 2021, and $0 for the fiscal year ended December 31, 2022.
(e)(1) Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.
Pursuant to its charter and its Audit and Non-Audit Services Pre-Approval Policy, the Audit Committee (the “Committee”) is responsible for the pre-approval of all audit services and permitted non-audit services (including the fees and terms thereof) to be performed for the registrant by its independent auditors. The Chairman of the Committee authorized to give such pre-approvals on behalf of the Committee up to $25,000 and report any such pre-approval to the full Committee.
The Committee is also responsible for the pre-approval of the independent auditor’s engagements for non-audit services with the registrant’s advisor (not including a sub-advisor whose role is primarily portfolio management and is sub-contracted or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant, subject to the de minimis exceptions for non-audit services described in Rule 2-01 of Regulation S-X. If the independent auditor has provided non-audit services to the registrant’s advisor (other than any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the registrant that were not pre-approved pursuant to the de minimis exception, the Committee will consider whether the provision of such non-audit services is compatible with the auditor’s independence.
(e)(2) The percentage of services described in each of paragraphs (b) through (d) for the registrant and the registrant’s investment advisor of this Item that were approved by the audit committee pursuant to the pre-approval exceptions included in paragraph (c)(7)(i)(c) or paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X are as follows:
(b) 0%
(c) 0%
(d) 0%
(f) The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was less than fifty percent.
(g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the advisor that provides ongoing services to the registrant for the fiscal year ended December 31, 2021 were $278,962for the registrant, $16,500 for the registrant’s investment advisor, and $29,500 for the registrant’s distributor; and for the fiscal year ended December 31, 2022 were $195,000 for the registrant, $0 for the registrant’s investment advisor, and $0 for the registrant’s distributor.
(h) The registrant’s audit committee of its Board of Trustees has determined that the provision of non-audit services that were rendered to the registrant’s investment advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the investment advisor that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.
(i) Not applicable.
(j) Not applicable.
Item 5. Audit Committee of Listed Registrants.
The registrant has a separately designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 consisting of all the independent directors of the registrant. The audit committee of the registrant is comprised of: Richard E. Erickson, Thomas R. Kadlec, Denise M. Keefe, Robert F. Keith and Niel B. Nielson.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407 (c) (2) (iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22 (b) (15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3 (c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15 (b)). |
(b) | There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
(a) | Not applicable. |
(b) | Not applicable. |
Item 13. Exhibits.
(a)(1) | Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | First Trust Exchange-Traded AlphaDEX® Fund II |
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | March 9, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | March 9, 2023 |
By (Signature and Title)* | /s/ Donald P. Swade | |
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Date: | March 9, 2023 |
* Print the name and title of each signing officer under his or her signature.
SENIOR FINANCIAL OFFICER
CODE OF CONDUCT
I. Introduction
This code of conduct is being adopted by the investment companies advised by First Trust Advisors L.P., from time to time, (the "FUNDS"). The reputation and integrity of the Funds are valuable assets that are vital to the Funds' success. Each officer of the Funds, and officers and employees of the investment adviser to the Funds who work on Fund matters, including each of the Funds' senior financial officers ("SFOS"), is responsible for conducting each Fund's business in a manner that demonstrates a commitment to the highest standards of integrity. SFOs include the Principal Executive Officer (who is the President), the Controller (who is the principal accounting officer), and the Treasurer (who is the principal financial officer), and any person who performs a similar function.
The Funds, First Trust Advisors L.P. and First Trust Portfolios have adopted Codes of Ethics under Rule 17j-1 under the Investment Company Act of 1940 (the "RULE 17J-1 CODE"). These Codes of Ethics are designed to prevent certain conflicts of interest that may arise when officers, employees, or directors of the Funds and the foregoing entities know about present or future Fund transactions and/or have the power to influence those transactions, and engage in transactions with respect to those same securities in their personal account(s) or otherwise take advantage of their position and knowledge with respect to those securities. In an effort to prevent these conflicts and in accordance with Rule 17j-1, the Funds adopted their Rule 17j-1 Code to prohibit transactions and conduct that create conflicts of interest, and to establish compliance procedures.
The Sarbanes-Oxley Act of 2002 was designed to address corporate malfeasance and to help assure investors that the companies in which they invest are accurately and completely disclosing financial information. Under Section 406 of the Act, all public companies (including the Funds) must either have a code of ethics for their SFOs, or disclose why they do not. The Act was intended to prevent future situations (such as occurred in well-reported situations involving such companies as Enron and WorldCom) where a company creates an environment in which employees are afraid to express their opinions or to question unethical and potentially illegal business practices.
The Funds have chosen to adopt a senior financial officer Code of Conduct to encourage their SFOs, and other Fund officers and employees of First Trust Advisors or First Trust Portfolios to act ethically and to question potentially unethical or illegal practices, and to strive to ensure that the Funds' financial disclosures are complete, accurate, and understandable.
II. Purposes of This Code of Conduct
The purposes of this Code are:
A. To promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
B. To promote full, fair, accurate, timely, and understandable disclosure in reports and documents that the Funds file with, or submits to, the SEC and in other public communications the Funds make;
C. To promote compliance with applicable governmental laws, rules and regulations;
D. To encourage the prompt internal reporting to an appropriate person of violations of the Code; and
E. To establish accountability for adherence to the Code.
III. Questions About This Code
The Funds' Boards of Trustees have designated W. Scott Jardine or other appropriate officer designated by the President of the respective Funds to be the Compliance Coordinator for the implementation and administration of the Code.
IV. Handling of Financial Information
The Funds have adopted guidelines under which its SFOs perform their duties. However, the Funds expect that all officers or employees of the adviser or distributor who participate in the preparation of any part of any Fund's financial statements follow these guidelines with respect to each Fund:
A. Act with honesty and integrity and avoid violations of this Code, including actual or apparent conflicts of interest with the Fund in personal and professional relationships.
B. Disclose to the Fund's Compliance Coordinator any material transaction or relationship that reasonably could be expected to give rise to any violations of the Code, including actual or apparent conflicts of interest with the Fund. You should disclose these transactions or relationships whether you are involved or have only observed the transaction or relationship. If it is not possible to disclose the matter to the Compliance Coordinator, it should be disclosed to the Fund's Principal Financial Officer or Principal Executive Officer.
C. Provide information to the Fund's other officers and appropriate employees of service providers (adviser, administrator, outside auditor, outside counsel, custodian, etc.) that is accurate, complete, objective, relevant, timely, and understandable.
D. Endeavor to ensure full, fair, timely, accurate, and understandable disclosure in the Fund's periodic reports.
E. Comply with the federal securities laws and other applicable laws and rules, such as the Internal Revenue Code.
F. Act in good faith, responsibly, and with due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be subordinated.
G. Respect the confidentiality of information acquired in the course of your work except when you have Fund approval to disclose it or where disclosure is otherwise legally mandated. You may not use confidential information acquired in the course of your work for personal advantage.
H. Share and maintain skills important and relevant to the Fund's needs.
I. Proactively promote ethical behavior among peers in your work environment.
J. Responsibly use and control all assets and resources employed or entrusted to you.
K. Record or participate in the recording of entries in the Fund's books and records that are accurate to the best of your knowledge.
V. Waivers of This Code
SFOs and other parties subject to this Code may request a waiver of a provision of this Code (or certain provisions of the Fund's Rule 17j-1 Code) by submitting their request in writing to the Compliance Coordinator for appropriate review. An executive officer of the Fund or the Audit Committee will decide whether to grant a waiver. All waivers of this Code must be disclosed to the Fund's shareholders to the extent required by SEC rules. A good faith interpretation of the provisions of this Code, however, shall not constitute a waiver.
VI. Annual Certification
Each SFO will be asked to certify on an annual basis that he/she is in full compliance with the Code and any related policy statements.
VII. Reporting Suspected Violations
A. SFOs or other officers of the Funds or employees of the First Trust group who work on Fund matters who observe, learn of, or, in good faith, suspect a violation of the Code MUST immediately report the violation to the Compliance Coordinator, another member of the Funds' or First Trust's senior management, or to the Audit Committee of the Fund Board. An example of a possible Code violation is the preparation and filing of financial disclosure that omits material facts, or that is accurate but is written in a way that obscures its meaning.
B. Because service providers such as an administrator, outside accounting firm, and custodian provide much of the work relating to the Funds' financial statements, you should be alert for actions by service providers that may be illegal, or that could be viewed as dishonest or unethical conduct. You should report these actions to the Compliance Coordinator even if you know, or think, that the service provider has its own code of ethics for its SFOs or employees.
C. SFOs or other officers or employees who report violations or suspected violations in good faith will not be subject to retaliation of any kind. Reported violations will be investigated and addressed promptly and will be treated confidentially to the extent possible.
VIII. Violations of The Code
A. Dishonest, unethical or illegal conduct will constitute a violation of this Code, regardless of whether this Code specifically refers to that particular conduct. A violation of this Code may result in disciplinary action, up to and including termination of employment. A variety of laws apply to the Funds and their operations, including the Securities Act of 1933, the Investment Company Act of 1940, state laws relating to duties owed by Fund directors and officers, and criminal laws. The federal securities laws generally prohibit the Funds from making material misstatements in its prospectus and other documents filed with the SEC, or from omitting to state a material fact. These material misstatements and omissions include financial statements that are misleading or omit materials facts.
B. Examples of criminal violations of the law include stealing, embezzling, misapplying corporate or bank funds, making a payment for an expressed purpose on a Fund's behalf to an individual who intends to use it for a different purpose; or making payments, whether corporate or personal, of cash or other items of value that are intended to influence the judgment or actions of political candidates, government officials or businesses in connection with any of the Funds' activities. The Funds must and will report all suspected criminal violations to the appropriate authorities for possible prosecution, and will investigate, address and report, as appropriate, non-criminal violations.
Amended: June 1, 2009
Certification Pursuant to Rule 30a-2(a) under
the 1940 Act and Section 302
of the Sarbanes-Oxley Act
I, James M. Dykas, certify that:
1. | I have reviewed this report on Form N-CSR of First Trust Exchange-Traded AlphaDEX® Fund II; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
5. | The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: | March 9, 2023 | /s/ James M. Dykas | |||
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Certification Pursuant to Rule 30a-2(a) under
the 1940 Act and Section 302
of the Sarbanes-Oxley Act
I, Donald P. Swade, certify that:
1. | I have reviewed this report on Form N-CSR of First Trust Exchange-Traded AlphaDEX® Fund II; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
5. | The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: | March 9, 2023 | /s/ Donald P. Swade | |||
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Certification Pursuant to Rule 30a-2(b) under the
1940 Act and Section 906
of the Sarbanes-Oxley Act
I, James M. Dykas, President and Chief Executive Officer of First Trust Exchange-Traded AlphaDEX® Fund II (the “Registrant”), certify that:
1. | The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant. |
Date: | March 9, 2023 | /s/ James M. Dykas | |||
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
I, Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer of First Trust Exchange-Traded AlphaDEX® Fund II (the “Registrant”), certify that:
1. | The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant. |
Date: | March 9, 2023 | /s/ Donald P. Swade | |||
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
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