First Trust Alternative Opportunities Fund

Frequently Asked Questions About VFLEX

What does VFLEX invest in?

First Trust Alternative Opportunities Fund, acts as Closed-End Investment Fund/Investment Trust. The company is headquartered in Milwaukee, WI.

What is the expense ratio of VFLEX?

First Trust Alternative Opportunities Fund (VFLEX) charges an expense ratio of 1.46%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VFLEX?

First Trust Alternative Opportunities Fund (VFLEX) manages $3.28B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is VFLEX actively managed or an index fund?

VFLEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VFLEX launched?

First Trust Alternative Opportunities Fund (VFLEX) launched in April 2017 and is managed by First Trust.

How has VFLEX performed?

VFLEX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.