First Trust Hedged Strategies Fund Class A Shares
                        
                    
                    | Weiss Ratings | I-44025 | Click to Compare  | 
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| Rating | ||||
| Reward Index | Unrated | |||
| Reward Grade | U | |||
| Risk Index | Unrated | |||
| Risk Grade | U | |||
| Company Info | I-44025 | Click to Compare  | 
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| Provider | First Trust | |||
| Manager/Tenure (Years) | Brian Murphy (2), Michael Peck (2) | |||
| Website | http://www.ftportfolios.com/ | |||
| Fund Information | I-44025 | Click to Compare  | 
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| Fund Name | First Trust Hedged Strategies Fund Class A Shares | |||
| Category | Moderate Allocation | |||
| Sub-Category | Moderate Allocation | |||
| Prospectus Objective | Growth | |||
| Inception Date | Jul 03, 2023 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 25,000.00 | |||
| Minimum Subsequent Investment | 1,000.00 | |||
| Front End Fee | 0.05 | |||
| Back End Fee | -- | |||
| Dividends and Shares | I-44025 | Click to Compare  | 
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| Dividend Yield | 0.17% | |||
| Dividend | I-44025 | Click to Compare  | 
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| Dividend Yield (Forward) | -- | |||
| Asset Allocation | I-44025 | Click to Compare  | 
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| Cash | 2.32% | |||
| Stock | 0.00% | |||
| U.S. Stock | 0.00% | |||
| Non-U.S. Stock | 0.00% | |||
| Bond | 0.00% | |||
| U.S. Bond | 0.00% | |||
| Non-U.S. Bond | 0.00% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 97.68% | |||
| Price History | I-44025 | Click to Compare  | 
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| 7-Day Total Return | 0.58% | |||
| 30-Day Total Return | 1.68% | |||
| 60-Day Total Return | 3.25% | |||
| 90-Day Total Return | 4.41% | |||
| Year to Date Total Return | 9.52% | |||
| 1-Year Total Return | 11.25% | |||
| 2-Year Total Return | 25.18% | |||
| 3-Year Total Return | -- | |||
| 5-Year Total Return | -- | |||
| Price | I-44025 | Click to Compare  | 
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| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | I-44025 | Click to Compare  | 
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| Nav | $12.07 | |||
| 1-Month Low NAV | $11.87 | |||
| 1-Month High NAV | $12.07 | |||
| 52-Week Low NAV | $10.64 | |||
| 52-Week Low NAV (Date) | Apr 09, 2025 | |||
| 52-Week High NAV | $12.07 | |||
| 52-Week High Price (Date) | Oct 31, 2025 | |||
| Beta / Standard Deviation | I-44025 | Click to Compare  | 
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| Beta | -- | |||
| Standard Deviation | -- | |||
| Balance Sheet | I-44025 | Click to Compare  | 
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| Total Assets | 61.50M | |||
| Operating Ratios | I-44025 | Click to Compare  | 
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| Expense Ratio | 7.87% | |||
| Turnover Ratio | 13.00% | |||
| Performance | I-44025 | Click to Compare  | 
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| Last Bull Market Total Return | 6.26% | |||
| Last Bear Market Total Return | -- | |||