# EDGAR Filing Document

**Accession Number:** 0001970466
**File Stem:** 0001193125-26-251547
**Filing Date:** 2026-6
**Character Count:** 9374
**Document Hash:** 4ba94190bfd8d6183b3536dde52d1dbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-251547.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001193125-26-251547

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**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:** 261051495

**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:** 2026-03-31

**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:** $61795953.01

**Total Liabilities:** $344321.37

**Net Assets:** $61451631.64

**Cash Not Reported:** $295911.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.60%                | -0.50%               | -1.50%               |
| Class ID N/A | 1.67%                | -0.41%               | -1.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-379396.30              | $1488419.38                                |
| Month 2  | $0.00                    | $-181410.00                                |
| Month 3  | $0.00                    | $-900048.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Schonfeld Strategic Partners Fund LLC   /     | Schonfeld Strategic Partners Fund LLC   /     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2651371.54   | 4.31%             |  |  |  | No            | 3                  | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /               | UMB MONEY MARKET II SPECIAL   /               | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             | CORP              | US        |   1848639 | PA      | $1848638.88   | 3.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sofinnova BioEquities LP   /                  | Sofinnova BioEquities LP   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3810841.95   | 6.20%             |  |  |  | No            | 3                  | On Loan: No      |
| Walleye Opportunitie Fund LP   /              | Walleye Opportunitie Fund LP   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5919123.47   | 9.63%             |  |  |  | No            | 3                  | On Loan: No      |
| Dorsal Capital Partners LP   /                | Dorsal Capital Partners LP   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $3603400.45   | 5.86%             |  |  |  | No            | 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      | $4927402.90   | 8.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Linden Investors LP    /                      | Linden Investors LP    /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5576633.98   | 9.07%             |  |  |  | No            | 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      | $4447006.71   | 7.24%             |  |  |  | No            | 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      | $3813836.16   | 6.21%             |  |  |  | No            | 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      | $4116050.89   | 6.70%             |  |  |  | No            | 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      | $4071864.67   | 6.63%             |  |  |  | No            | 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      | $317212.66    | 0.52%             |  |  |  | No            | 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      | $1768482.62   | 2.88%             |  |  |  | No            | 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      | $2052100.61   | 3.34%             |  |  |  | No            | 3                  | On Loan: No      |
| Sachem Head LP    /                           | Sachem Head LP    /                           | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $5854329.49   | 9.53%             |  |  |  | No            | 3                  | On Loan: No      |
| ACER TREE CREDIT OPP PARTNERS LP   /          | ACER TREE CREDIT OPP PARTNERS LP   /          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $3060982.04   | 4.98%             |  |  |  | No            | 3                  | On Loan: No      |
| Atlas Enhanced Fund PARTNERS LP   /           | Atlas Enhanced Fund PARTNERS LP   /           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $1475374.39   | 2.40%             |  |  |  | No            | 3                  | On Loan: No      |
| CARTENNA PARTNERS LP   /                      | CARTENNA PARTNERS LP   /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2158216.90   | 3.51%             |  |  |  | No            | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

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

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

**Title:** President