First Trust Alternative Opportunities I (VFLEX)

Fund Assets	n/a
Expense Ratio	2.92%
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	1.93
Dividend Yield	6.87%
Dividend Growth	-9.05%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 5, 2026

Previous Close	28.04
YTD Return	6.26%
1-Year Return	10.10%
5-Year Return	40.97%
52-Week Low	27.18
52-Week High	28.06
Beta (5Y)	n/a
Holdings	690
Inception Date	n/a

About VFLEX

The First Trust Alternative Opportunities Fund is a closed-end interval mutual fund dedicated to providing investors with diversified exposure to alternative asset classes. Its primary function is to pursue long-term capital appreciation by generating positive absolute returns across different market cycles, with low correlation to traditional equity and fixed income indices. The fund accomplishes this through a multi-manager, multi-strategy approach, actively allocating holdings across areas such as private equity, private credit, real estate, hedged strategies, co-investments, and liquid alternatives. Notable features include a low minimum investment threshold and accessibility without net worth or accreditation requirements, enabling a wider range of investors to benefit from institutional-quality alternative investments that historically required higher barriers to entry. Distributions are paid monthly, predominantly from investment income, offering an income-focused profile alongside diversification benefits. The interval fund structure allows for daily pricing and quarterly liquidity, supporting investor access to traditionally less-liquid alternative assets while managing risk and operational complexity. The fund’s active management and flexible allocation strategy are designed to complement conventional portfolios, providing meaningful diversification and the potential for stable performance during varying market conditions.

• Stock Exchange: NASDAQ
• Ticker Symbol: VFLEX

Performance

VFLEX had a total return of 10.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.59%.

Top 10 Holdings

25.83% of assets

Name	Symbol	Weight
UMB MONEY MARKET II SPECIAL /	SMMFIDU	3.78%
CIRE REAL ESTATE INVESTMENT TRUST, Inc. /	CREITFLX	3.47%
OAK St REAL EST LP BLUE OWL NET LEASE /	OAKSTLP	2.92%
Cliffwater Enhanced Lending I	CELFX	2.92%
BAILARD REAL ESTATE LP /	BAILARD	2.64%
Glenmede Secured Options Portfolio Institutional Class	GLSOX	2.59%
WALLEYE OPPORTUNITIE LP /	WALLEYE	1.93%
POMONA INVESTMENT FD /	POMONALP	1.88%
INVESCO REAL ESTATE INCOME TRUST, Inc. /	INCOREI2	1.87%
TCW DIRECT LENING VIII LLC /	TCWDL8AO	1.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 5, 2026	$0.16211	Aug 5, 2026
Jul 2, 2026	$0.16211	Jul 2, 2026
Jun 3, 2026	$0.16153	Jun 3, 2026
May 6, 2026	$0.16106	May 6, 2026
Apr 2, 2026	$0.15954	Apr 2, 2026
Mar 4, 2026	$0.15978	Mar 4, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

Data Sources Report a data error