First Trust Alternative Opportunities Fund
Sponsored by First Trust. Interval Fund structure focused on multi-strategy.
Interval FundMulti-strategy
- Net assets
- $3.24B
source
Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31
Consolidated Statement of Assets and Liabilities, Net Assets, as of March 31, 2026
“3,239,494,198”
Why this source
audited statement wins the same-date headline over N-PORT per rules.period_series (tna source divergence surfaced by sentinel)Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $26.95
source
Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31
financial-highlights end-of-period NAV (fallback)
“Net asset value, end of period $ 26.95”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Canonical (canonical class) · 2026-03-31 - Net flows, last qtr
- +4.4% qtr ended 2026-03-31
- Distribution coverage (NII)
- 70% period ended 2026-03-31
- Leverage in use
- 4% debt / equity 0.03x
- Total return, 12m
- Insufficient history computed from NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current Urgent or Notify findings in filings reviewed through 2026-07-02.
Historical findings (8)
NAV per share fell 13.3% from $25.64 to $22.23 (2020-03-31).
NAV per share ($26.16) is 1.5% below its trailing four-observation average ($26.57) as of 2023-09-30.
NAV per share fell 2.0% from $26.50 to $25.97 (2023-03-31).
Proposal 1 put to shareholder vote: Approval Of Investment Sub-Advisory Agreement A. (2022-12-02)
NAV per share fell 4.2% from $27.65 to $26.50 (2022-09-30).
Proposal 1 put to shareholder vote: Approval Of A New Investment Management Agreement With Vivaldi Asset Management, Llc I. (2021-08-17)
Proposal 3 put to shareholder vote: Approval Of A New Investment Sub-Advisory Agreement With Angel Oak Capital Advisors, Llc I. (2021-08-17)
NAV per share fell 2.4% from $25.37 to $24.77 (2018-03-31).
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
No structured portfolio-health series or position-change events have been captured for this fund.
Where exit demand met the cap.
The disclosed history shows no rationed period.
No structured redemption history has been captured for this fund.
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
No structured financing components have been captured for this fund.
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
No filed share-class terms have been captured for this fund; ownership type is therefore not inferred.
Management fee: 0.95% of month end nav per year. source. Under the terms of the Investment Advisory Agreement, the Fund pays a monthly investment management fee to the Investment Manager equal to 0.95% on an annualized basis of the Fund's NAV as of each month-end (the 'Investment Management Fee'), subject to certain adjustments. The Fund uses a 'multi-manager' approach; RiverNorth and Palmer Square (sub-advisers) are each paid out of this same Investment Management Fee by the Investment Manager -- not an additional fund-level charge (Palmer Square's own rate: 0.50% of assets allocated to it).
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Under the terms of the Investment Advisory Agreement, the Fund pays a monthly investment management fee to the Investment Manager equal to 0.95% on an annualized basis of the Fund's NAV as of each month-end (the 'Investment Management Fee'), subject to certain adjustments. The Fund uses a 'multi-manager' approach; RiverNorth and Palmer Square (sub-advisers) are each paid out of this same Investment Management Fee by the Investment Manager -- not an additional fund-level charge (Palmer Square's own rate: 0.50% of assets allocated to it). | 0.95 pct_annual_of_month_end_nav | Date not captured |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-09 | N-CSR | 0001104659-26-071940 |
| 2026-06-01 | NPORT-P | 0001193125-26-251390 |
| 2026-05-29 | N-23C3A | 0001104659-26-068044 |
| 2026-03-02 | NPORT-P | 0000926877-26-000093 |
| 2026-02-27 | N-23C3A | 0001104659-26-021244 |
| 2025-12-05 | N-CSRS | 0001104659-25-118747 |
| 2025-12-01 | NPORT-P | 0001193125-25-303770 |
| 2025-12-01 | N-23C3A | 0001104659-25-117228 |
| 2025-08-29 | N-23C3A | 0001104659-25-085367 |
| 2025-08-28 | NPORT-P | 0001145549-25-055749 |
| 2025-06-09 | N-CSR | 0001104659-25-057890 |
| 2025-05-30 | N-23C3A | 0001104659-25-054670 |
| 2025-05-29 | NPORT-P | 0001145549-25-036552 |
| 2025-03-03 | NPORT-P | 0001145549-25-015676 |
| 2025-02-28 | N-23C3A | 0001104659-25-018935 |