The Fund is a is a fund of hedge funds and seeks to invest primarily in private investment funds, or commonly known as “hedge funds,” managed by multiple third-party investment managers that employ a variety of alternative investment strategies (“Investment Funds”). Because Investment Funds following alternative investment strategies (whether hedged or not) that are often described as “hedge funds,” the investment program of the Fund can be referred to as a fund of hedge funds. Under normal market conditions, the Fund seeks to achieve its investment objective by allocating at least 80% of its net assets, plus the amount of any borrowings for investment purposes, to a portfolio of Investment Funds.
News and Notices
First Trust Capital Management
2017
'40 Act
Interval CEF
USD
Quarterly
Daily
1.05%
March 31
News and Notices
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1-10 of 26
Notices
Date
Time (ET)
Notice Type
Source
Notice
Sep 04, 2024
11:41
Redemptions
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First Trust Hedged Strategies Fund opened a quarterly repurchase offer for up to 5% of outstanding shares from September 4 to October 7, 2026. Shareholders tendering shares must submit requests by 4:00 p.m. Eastern Time on October 7, 2026.
Sep 21, 2025
11:16
Compliance
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First Trust Hedged Strategies Fund reported its annual proxy voting notice for report calendar year 2026, with no series listed and no explanatory information included.
Jun 29, 2025
15:49
Fees, Marketing Materials, Redemptions
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First Trust Hedged Strategies Fund updated its July 31, 2026 prospectus for Class A and Class I shares, showing net annual expenses of 10.05% and 9.30%. Investors remain limited to quarterly repurchase offers of 5% to 25% of outstanding shares.
Dec 18, 2024
17:14
Redemptions, Subscriptions
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First Trust Hedged Strategies Fund reported $7.6 million of securities sold and $7.9 million redeemed or repurchased for the fiscal year ended March 31, 2026. No registration fee or interest is due.
Jul 05, 2024
11:18
Redemptions
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First Trust Hedged Strategies Fund opened its quarterly repurchase offer for up to 5% of outstanding shares from June 5 to July 6, 2026. Shareholders seeking liquidity must submit requests by 4:00 p.m. Eastern Time on July 6.
Mar 13, 2024
16:43
Distributions, Ownership, Personnel
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First Trust Capital Management reported dividend reinvestment acquisitions of 3.04 Class A Common Shares and 838.96 Class I Common Shares of First Trust Hedged Strategies Fund on December 30, 2025. The reporting owner now holds 105.93 Class A Common Shares and 29,733.78 Class I Common Shares directly.
Aug 13, 2023
16:36
Distributions, Ownership, Personnel
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First Trust Hedged Strategies Fund President Michael D. Peck reported dividend reinvestments of 3.04 Class A Common Shares at $11.85 and 838.96 Class I Common Shares at $11.99, increasing his indirect holdings to 105.93 and 29,733.78 shares, respectively. These transactions updated ownership records without changing the Fund’s reported operating structure.
Oct 13, 2023
16:28
Distributions, Ownership, Personnel
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Chad Eisenberg, Treasurer of First Trust Hedged Strategies Fund, reported dividend reinvestment acquisitions of 3.04 Class A Common Shares at $11.85 and 838.96 Class I Common Shares at $11.99, with post-transaction holdings of 105.93 and 29,733.78 shares, respectively.
Feb 02, 2026
17:12
Compliance
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Variant Alternative Income Fund renewed a joint fidelity bond effective December 31, 2025 to December 31, 2026 with a $2.5 million limit and a $250,000 sub-limit for electronic mail initiated transfer fraud. The renewal adds multiple affiliated funds as insureds and extends automatic coverage and limit increases for newly established Investment Companies.
Jun 06, 2025
10:20
Redemptions
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First Trust Hedged Strategies Fund is offering to repurchase up to 5% of its issued and outstanding shares for cash at NAV, with a repurchase period from March 6, 2026 through April 6, 2026. Shareholders who tender may receive proceeds within seven calendar days after the April 6, 2026 pricing date, subject to oversubscription proration.
Preview
First Trust Hedged Strategies Fund
First Trust Capital Management is responsible for managing First Trust Hedged Strategies Fund.
First Trust Hedged Strategies Fund launched in 2017.
First Trust Hedged Strategies Fund is registered as a '40 Act fund.
First Trust Hedged Strategies Fund is structured as a Interval CEF fund.
You can invest in First Trust Hedged Strategies Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in First Trust Hedged Strategies Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of First Trust Hedged Strategies Fund quarterly, subject to redemption limits and notice requirements.
Shares of First Trust Hedged Strategies Fund can be purchased in USD.
First Trust Hedged Strategies Fund's fiscal year end is March 31.
First Trust Hedged Strategies Fund's net asset value was $65.6 million and its portfolio had a fair value of $64.1 million as of June 30, 2026.
Among other deal types, First Trust Hedged Strategies Fund primarily makes Private Market Investments.
Among other asset classes, First Trust Hedged Strategies Fund primarily invests in Hedge Fund.
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