Sorting Custom Items in Lists

I've noticed that when I go to change an item from one type to another, the list (which for us is pretty massive) is not sorted in alphabetical or any other sortable order, they seem to be sorted by when they were created. It seems like it would be helpful to be able to specify a sort order.

Screenshot provided to show where and what I'm talking about - the "More options" menu on the far right of an item, Change item type.