First Trust Hedged Strategies A (HDGAX)

Fund Assets	n/a
Expense Ratio	10.05%
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	0.35
Dividend Yield	2.80%
Dividend Growth	126.64%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	12.45
YTD Return	4.90%
1-Year Return	9.67%
5-Year Return	n/a
52-Week Low	11.69
52-Week High	12.58
Beta (5Y)	n/a
Holdings	n/a
Inception Date	n/a

About HDGAX

The First Trust Hedged Strategies Fund is a closed-end interval fund focused on achieving long-term capital appreciation through diversified allocations to a select group of hedge funds. The fund strategically invests in multiple alternative investment strategies, including multi-strategy, long/short equity, credit, arbitrage/relative value, and event-driven mandates. By maintaining a concentrated portfolio of approximately 12-15 high-conviction hedge fund managers, the fund aims to offer a unique blend of institutional hedge fund exposure with lower volatility and lower beta compared to traditional stocks and bonds. This structure is intended to outperform the HFRX Global Hedge Fund Index while providing investors with a differentiated vehicle for alternative asset allocation. The fund is designed for accredited investors seeking access to sophisticated hedge fund strategies through a single investment, offering features such as consolidated tax reporting and quarterly liquidity provisions. Established in 2023 and registered under the Investment Company Act of 1940, the fund operates with a minimum investment threshold and selective redemption windows, positioning it as a distinctive option in the evolving landscape of alternative, multi-manager investment vehicles.

• Stock Exchange: NASDAQ
• Ticker Symbol: HDGAX

Performance

HDGAX had a total return of 9.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.04%.

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.35002	Dec 30, 2025
Dec 13, 2024	$0.15444	Dec 13, 2024
Dec 8, 2023	$0.14784	Dec 8, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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