First Trust Alternative Opportunities Fund I (VFLEX)
28.03
-0.01
(-0.04%)
USD |
Aug 24 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.46% | 3.441B | -- | 31.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -- | 10.10% |
Basic Info
| Investment Strategy | |
| The Fund seeks to achieve long-term capital appreciation by pursuing positive absolute returns across market cycles. In pursuing its objective, the Fund seeks to generate attractive long-term returns with low sensitivity to traditional equity and fixed income indices. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Conservative |
| Peer Group | Income & Preferred Stock Funds |
| Global Macro | Mixed Asset HC Conservative |
| US Macro | Mixed-Assets Target Allocation Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Income & Preferred Stock Funds |
| Fund Owner Firm Name | Vivaldi Asset Management |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
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1 Year
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3 Months
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3 Years
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YTD
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Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 25, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.25% |
| Stock | 18.39% |
| Bond | 49.64% |
| Convertible | 0.00% |
| Preferred | 1.96% |
| Other | 29.76% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
CIRE Real Estate Investment Trust LLC
|
2.89% | -- | -- |
|
Oak Street Health Inc
|
2.70% | -- | -- |
|
Bailard Real Estate LP
|
2.17% | -- | -- |
|
Other Assets
|
1.77% | -- | -- |
|
UMB Money Market II Special Fund
|
1.74% | -- | -- |
|
Walleye Opportunities Fund LP
|
1.62% | -- | -- |
|
Invesco Real Estate Income Trust Inc
|
1.51% | -- | -- |
|
Audax Private Credit Fund LP
|
1.47% | -- | -- |
|
WhiteHawk Shryne FRN 26-May-2026
|
1.45% | -- | -- |
|
Pymes Magdalena FRN 31-Dec-2039
|
1.44% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.11% |
| Actual Management Fee | 0.95% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 1000.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Qualified Income
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Normal
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Qualified
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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LT Cap Gains
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Ordinary Income
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Non-Qual
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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ST Cap Gains
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Interest
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Tax-Exempt
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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ROC
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Other
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Total
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-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to achieve long-term capital appreciation by pursuing positive absolute returns across market cycles. In pursuing its objective, the Fund seeks to generate attractive long-term returns with low sensitivity to traditional equity and fixed income indices. |
| General | |
| Security Type | Unlisted Closed-End Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Conservative |
| Peer Group | Income & Preferred Stock Funds |
| Global Macro | Mixed Asset HC Conservative |
| US Macro | Mixed-Assets Target Allocation Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Income & Preferred Stock Funds |
| Fund Owner Firm Name | Vivaldi Asset Management |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-24-26) | 6.88% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 616 |
| Stock | |
| Weighted Average PE Ratio | 35.38 |
| Weighted Average Price to Sales Ratio | 8.937 |
| Weighted Average Price to Book Ratio | 9.235 |
| Weighted Median ROE | 45.80% |
| Weighted Median ROA | 12.91% |
| Return on Investment (TTM) | 19.27% |
| Earning Yield | 0.0342 |
| LT Debt / Shareholders Equity | 1.086 |
| Number of Equity Holdings | 263 |
| Bond | |
| Yield to Maturity (3-31-26) | 7.41% |
| Effective Duration | -- |
| Average Coupon | 9.67% |
| Calculated Average Quality | 4.190 |
| Effective Maturity | 8.795 |
| Nominal Maturity | 8.795 |
| Number of Bond Holdings | 254 |
As of March 31, 2026
Growth Metrics
| EPS Growth (1Y) | 18.35% |
| EPS Growth (3Y) | 22.25% |
| EPS Growth (5Y) | 24.35% |
| Sales Growth (1Y) | 2.92% |
| Sales Growth (3Y) | 13.59% |
| Sales Growth (5Y) | 15.27% |
| Sales per Share Growth (1Y) | 5.99% |
| Sales per Share Growth (3Y) | 14.22% |
| Operating Cash Flow - Growth Rate (3Y) | 33.82% |
As of March 31, 2026
Fund Details
| Key Dates | |
| Launch Date | 6/12/2017 |
| Last Annual Report Date | 3/31/2026 |
| Last Prospectus Date | 9/29/2025 |
| Share Classes | |
| VFLAX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund |
|
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |