First Trust Exchange-Traded AlphaDEX Fund II Reports Ownership Update

First Trust Exchange-Traded AlphaDEX Fund II has made a notable filing with the SEC, reporting significant ownership changes among its affiliates. The recent Schedule 13G/A filing reveals that First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation together hold 62.95% of the fund's shares. This update is crucial as it reflects a trend in the investment industry where major firms consolidate their control over investment vehicles.

The filing, dated October 22, 2026, highlights the growing influence of these entities within the fund. Such ownership stakes can impact decision-making processes and strategic directions for the fund, potentially affecting investors and the broader market.

Background

First Trust Exchange-Traded AlphaDEX Fund II is classified under the investment sector, focusing on exchange-traded funds (ETFs). The firm is incorporated in Massachusetts and has its principal office located in Wheaton, Illinois. The fund is part of a broader family of investment products offered by First Trust, which includes various ETFs and investment trusts.

What the Filing Says

The Schedule 13G/A filing indicates that the following entities have beneficial ownership of 975,717 shares, representing 62.95% of the fund: First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation. The filing states, "This Schedule 13G filing is jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1)." This joint filing highlights the collaborative nature of their investment strategy.

Impact

This substantial ownership stake may influence how the fund operates and interacts with its investors. The entities involved are all based in Illinois, indicating a localized strategy that may resonate with regional investors. The filing suggests that these firms are not just passive investors but are likely to play an active role in the fund's governance and strategic decisions.

What's Next

The filing does not specify what actions will follow this update. However, given the significant ownership concentration, stakeholders may anticipate further announcements or changes in governance related to the fund.