VFLAX (VFLAX)

Fund Assets	n/a
Expense Ratio	n/a
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	1.90
Dividend Yield	6.89%
Dividend Growth	-3.52%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 5, 2026

Previous Close	27.55
YTD Return	0.91%
1-Year Return	4.47%
5-Year Return	32.88%
52-Week Low	27.55
52-Week High	28.87
Beta (5Y)	0.06
Holdings	n/a
Inception Date	n/a

About VFLAX

The First Trust Alternative Opportunities Fund is a closed-end interval fund designed to provide broad access to less-liquid alternative investments, aiming for long-term capital appreciation and positive absolute returns regardless of market cycles. Its primary function is to offer exposure to a diversified portfolio that includes private equity, private credit, real estate, and hedge fund strategies, using an actively managed approach to seek returns with low correlation to traditional equity and fixed income markets. The fund distributes income monthly, targeting a 7% annualized distribution rate supported entirely by investment income, and utilizes quarterly repurchase offers to manage liquidity. It allows all investors—not just accredited individuals—to participate in alternative assets typically reserved for institutional portfolios, thus enhancing portfolio diversification and income potential. The interval fund structure offers daily pricing and streamlined access to distinct return sources in a single vehicle, without the multiple operational complexities of direct alternative holdings. The fund's composition is concentrated, with a notable allocation to illiquid assets and underlying funds, and it employs short-term financing for operational flexibility during repurchase periods but generally avoids significant leverage. Through this structure, the fund plays a significant role as a diversification and income-generation vehicle within the broader investment landscape, complementing traditional stock and bond holdings.

• Stock Exchange: NASDAQ
• Ticker Symbol: VFLAX

Performance

VFLAX had a total return of 4.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.84%.

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 5, 2026	$0.15937	Aug 5, 2026
Jul 2, 2026	$0.15937	Jul 2, 2026
Jun 3, 2026	$0.15884	Jun 3, 2026
May 6, 2026	$0.15855	May 6, 2026
Apr 2, 2026	$0.15715	Apr 2, 2026
Mar 4, 2026	$0.15756	Mar 4, 2026

Data Sources: S&P Global Market Intelligence, Financial Modeling Prep, and more

Historical data is provided by S&P Global Market Intelligence. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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