# EDGAR Filing Document

**Accession Number:** 0001970466
**File Stem:** 0001193125-25-303789
**Filing Date:** 2025-12
**Character Count:** 9355
**Document Hash:** cc6eb527625cdab2e9253c4aa766a069
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-303789.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001193125-25-303789

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Trust Hedged Strategies Fund
- **CENTRAL INDEX KEY:** 0001970466

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23857
- **FILM NUMBER:** 251539347

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2200

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Trust Hedged Strategies Fund

- **b. Investment Company Act file number:** 811-23857

- **c. CIK number of Registrant:** 0001970466

- **d. LEI of Registrant:** 5493000CFSNV8PM4PD85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 414-299-2270

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Trust Hedged Strategies Fund

- **c. LEI of Series:** 5493000CFSNV8PM4PD85

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $61773682.63

**Total Liabilities:** $270353.34

**Net Assets:** $61503329.29

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.40%                | 1.21%                | 1.03%                |
| Class ID N/A | 1.48%                | 1.29%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $940092.81                                 |
| Month 2  | $0.00                    | $848850.62                                 |
| Month 3  | $144518.81               | $466428.59                                 |

### Schedule of Portfolio Investments

| Name                                          | Title                                         | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ACER TREE CREDIT OPP PARTNERS LP   /          | ACER TREE CREDIT OPP PARTNERS LP   /          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $3098616.91   | 5.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CARTENNA PARTNERS LP   /                      | CARTENNA PARTNERS LP   /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1613848.64   | 2.62%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Dorsal Capital Partners LP   /                | Dorsal Capital Partners LP   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3967576.21   | 6.45%             |  |  |  | Yes           | 3                  | On Loan: No      |
| DSC Meridian Credit OpportunitiesFund LP   /  | DSC Meridian Credit OpportunitiesFund LP   /  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5286223.59   | 8.60%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Eisler Capital Multi Strategy Fund Ltd.   /   | Eisler Capital Multi Strategy Fund Ltd.   /   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $4735827.47   | 7.70%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Linden Investors LP    /                      | Linden Investors LP    /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5662245.96   | 9.21%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Old Orchard Credit Fund Ltd.   /              | Old Orchard Credit Fund Ltd.   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $4267120.88   | 6.94%             |  |  |  | Yes           | 3                  | On Loan: No      |
| POINT72 CAPITAL CL A LP   /                   | POINT72 CAPITAL CL A LP   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3446413.01   | 5.60%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Prana Absolute Return Fund LP   /             | Prana Absolute Return Fund LP   /             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3953022.14   | 6.43%             |  |  |  | Yes           | 3                  | On Loan: No      |
| RA Capital Healthcare Fund, L.P   /           | RA Capital Healthcare Fund, L.P   /           | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3012293.08   | 4.90%             |  |  |  | Yes           | 3                  | On Loan: No      |
| RA Capital Healthcar Side Pocket Receivab   / | RA Capital Healthcar Side Pocket Receivab   / | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $422134.68    | 0.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| RiverNorth Capital Partners, L.P.   /         | RiverNorth Capital Partners, L.P.   /         | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1749006.77   | 2.84%             |  |  |  | Yes           | 3                  | On Loan: No      |
| RiverNorth Inst Partners, L.P.   /            | RiverNorth Inst Partners, L.P.   /            | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2028670.84   | 3.30%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Sachem Head LP    /                           | Sachem Head LP    /                           | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5961244.34   | 9.69%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Schonfeld Strategic Partners Fund LLC   /     | Schonfeld Strategic Partners Fund LLC   /     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1050187.96   | 1.71%             |  |  |  | Yes           | 3                  | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /               | UMB MONEY MARKET II SPECIAL   /               | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             | CORP              | US        |   2044226 | PA      | $2044226.28   | 3.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Sofinnova BioEquities LP   /                  | Sofinnova BioEquities LP   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3568768.11   | 5.80%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Walleye Opportunitie Fund LP   /              | Walleye Opportunitie Fund LP   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5834211.00   | 9.49%             |  |  |  | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** First Trust Hedged Strategies Fund

**Signature:** /s/ Michael D. Peck

**Name of Signer:** Michael D. Peck

**Title:** President