First Trust Hedged Strategies Fund Class I Shares
                        
                    
                    Rating
						Reward
							Risk
							Fund Information
						Fund Type
							
						Category
							
						Sub-Category
							
						Prospectus Objective
							
						Inception Date
							
						Open/Closed to New Investors
							
						Minimum Initial Investment
							
						Minimum Subsequent Investment
							
						Front End Fee
							
						Back End Fee
							
						Asset Allocation
						Cash
							
						Stock
							
						U.S. Stock
							
						Non U.S. Stock
							
						Bond
							
						U.S. Bond
							
						Non-U.S. Bond
							
						Preferred
							
						Convertible
							
						Other
							
						Services Offered
						Top Holdings
							There are no holdings to display.
					Performance
						Beta
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						7-Day Total Return
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						30-Day Total Return
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						60-Day Total Return
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						90-Day Total Return
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						Year to Date Total Return
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						1-Year Total Return
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						2-Year Total Return
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						3-Year Total Return
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						5-Year Total Return
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						Last Bull Market Total Return
							
						Last Bear Market Total Return
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						Forward Dividend Yield
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						Price
						1-Month Low
							
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						1-Month High
							
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						52-Week Low
							
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						52-Week High
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						NAV
						1-Month Low
							
						1-Month High
							
						52-Week Low
							
						52-Week High
							
						Beta / Standard Deviation
						Beta
							
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						Standard Deviation
							
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						Company Information
						Provider
							First Trust
						Manager/Tenure 
(Years)
							(Years)
Brian Murphy (2), Michael Peck (2)
						Website
							
						Address
							
								First Trust 
Wheaton IL - 60187
						Wheaton IL - 60187
Country
							  United States
						Phone Number
							 800-621-1675
						Investment Strategy
						 The investment seeks long-term capital appreciation. 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”). 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. The fund is non-diversified.