VARBX/FTMIX/VFLEX/FTPCX/FTREX/HFLEX
Capital Gain Distribution Estimates

The figures below are preliminary estimates.

First Trust Capital Management L.P. is the Adviser to the First Trust Merger Arbitrage Fund, First Trust Multi-Strategy Fund, First Trust Real Assets Fund, First Trust Private Credit Fund, First Trust Hedged Strategies Fund and First Trust Alternative Opportunities Fund (collectively, the “Funds”). The Funds are distributed by First Trust Portfolios L.P., an affiliated entity.

Given the nature of the Funds' strategies, these estimates are highly likely to change, and may potentially change significantly, before figures are finalized at year-end. These estimates are provided for informational purposes only and should not be relied on as investment or tax advice. Changes in market conditions, portfolio changes and changes in Fund shares outstanding could materially affect these estimates. We strongly urge clients to consult with their tax advisors regarding the tax consequences of these distributions. Estimates are calculated at the fund level — final distribution numbers may vary by share class.

Each Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. Each Fund’s statutory prospectus and summary prospectus contain this and other important information and may be obtained HERE. Please read the prospectus carefully before investing in any Fund.

The Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.