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      <invstOrSec>
        <name>Energean PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GrainCorp Ltd.</name>
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      <invstOrSec>
        <name>Severn Trent PLC</name>
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      <invstOrSec>
        <name>Shandong Gold Mining Co Ltd</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Freeport-McMoRan Inc.</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Svenska Cellulosa Aktiebolaget SCA (publ)</name>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>Peyto Exploration &amp; Development Corp.</name>
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        <title>Peyto Exploration &amp; Development Corp. COM NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Origin Energy Ltd.</name>
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        <title>Origin Energy Ltd. NPV</title>
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          <isin value="AU000000ORG5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bunge Global SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>Bunge Global SA COM SHS</title>
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          <ticker value="BG"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OMV Petrom SA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>RO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alliance Resource Partners, L.P.</name>
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        <title>Alliance Resource Partners, L.P. UT LTD PART</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Essential Utilities Inc</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>Essential Utilities Inc COM</title>
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        <name>Whitecap Resources Inc</name>
        <lei>894500UA4G4BTB67II45</lei>
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        <name>CF Industries Holdings, Inc.</name>
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        <name>H2O America</name>
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        <name>Zijin Mining Group Co Ltd.</name>
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        <name>SAKATA SEED CORP</name>
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        <title>Sakata Seed Corp. NPV</title>
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        <name>Corteva Inc</name>
        <lei>549300WZN9I2QKLS0O94</lei>
        <title>Corteva Inc COM</title>
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        <name>Weyerhaeuser Company</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>Weyerhaeuser Company COM NEW</title>
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        <name>Sylvamo Corp.</name>
        <lei>5493001AOYU1ZOWOC971</lei>
        <title>Sylvamo Corp. COMMON STOCK</title>
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        <name>Perseus Mining Ltd.</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>Perseus Mining Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>United Utilities Group PLC</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <ticker value="UU/"/>
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      <invstOrSec>
        <name>FMC Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Antam Persero Tbk</name>
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          <isin value="ID1000106602"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nutrien Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aperam SA</name>
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        <invCountry>LU</invCountry>
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      <invstOrSec>
        <name>The Mosaic Company</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
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        <name>International Paper Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UFP Industries Inc</name>
        <lei>5493007KB485C9OV5572</lei>
        <title>UFP Industries Inc COM</title>
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        <name>The Andersons Inc</name>
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        <title>The Andersons Inc COM</title>
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        <name>Coal India Ltd.</name>
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        <title>Coal India Ltd. INR10</title>
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        <name>RENGO CO LTD</name>
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        <name>CMOC Group Limited</name>
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        <name>Lundin Gold Inc</name>
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        <name>PTT Public Company Limited</name>
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        <name>Delek Group Ltd.</name>
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        <name>California Water Service Group</name>
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        <name>Tres Tentos Agroindustrial SA</name>
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        <name>MIDDLESEX WATER CO</name>
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        <name>Ecopetrol S.A.</name>
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        <name>PT Alamtri Resources Indonesia Tbk</name>
        <lei>529900P2WAH7XA87OI24</lei>
        <title>PT Alamtri Resources Indonesia Tbk IDR100</title>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Water Works Company, Inc.</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Company, Inc. COM</title>
        <cusip>030420103</cusip>
        <identifiers>
          <isin value="US0304201033"/>
          <ticker value="AWK"/>
        </identifiers>
        <balance>45476.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6188828.84000000</valUSD>
        <pctVal>4.640247799258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Select Water Solutions Inc</name>
        <lei>54930094OK8LA3QDW486</lei>
        <title>Select Water Solutions Inc CL A COM</title>
        <cusip>81617J301</cusip>
        <identifiers>
          <isin value="US81617J3014"/>
          <ticker value="WTTR"/>
        </identifiers>
        <balance>27945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427558.50000000</valUSD>
        <pctVal>0.320573963179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DPM Metals Inc.</name>
        <lei>549300LATVTU0EIUMD45</lei>
        <title>DPM Metals Inc. COM</title>
        <cusip>26139R109</cusip>
        <identifiers>
          <isin value="CA26139R1091"/>
          <ticker value="DPM"/>
          <other otherDesc="SEDOL" value="BPCR7W4"/>
        </identifiers>
        <balance>55810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
        <valUSD>1965044.78000000</valUSD>
        <pctVal>1.473347373400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corporation of China Limited</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corporation of China Limited 'H' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000001T8"/>
          <ticker value="2600"/>
          <other otherDesc="SEDOL" value="6425395"/>
        </identifiers>
        <balance>958558.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>1402338.01000000</valUSD>
        <pctVal>1.051442208687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund II</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
