VFLAX (VFLAX)
| Fund Assets | n/a |
| Expense Ratio | n/a |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 1.90 |
| Dividend Yield | 6.66% |
| Dividend Growth | -9.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 2, 2026 |
| Previous Close | 27.17 |
| YTD Return | -1.00% |
| 1-Year Return | 4.18% |
| 5-Year Return | n/a |
| 52-Week Low | 27.18 |
| 52-Week High | 28.69 |
| 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.
Performance
VFLAX had a total return of 4.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.59%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Feb 4, 2026 | $0.15902 | Feb 4, 2026 |