First Trust Private Credit Fund (FTPCX) · NASDAQ:FTPCX
First Trust Private Credit Fund (FTPCX) — First Trust Multi-Strategy Fund (FTMIX) — Investor Presentation (October 2026)
21 slides from First Trust Private Credit Fund (FTPCX)'s investor presentation, October 2026
Slide 1: FTMIX First Trust Multi-Strategy Fund Class I Shares
FTMIX First Trust Multi-Strategy Fund CLASS I SHARES 3 RD Q U A R T E R 2 0 2 6 FIRST TRUST CAPITAL MANAGEMENT L.P. | 1-800-988-5196 | w w w. f i rst t ru st cap i t al . co m
Slide 2: Potential Benefits of the Fund
POTENTIAL BENEFITS OF THE FUND HEALTHY INCOME POTENTIAL ALTERNATIVE RETURN TO STOCKS/BONDS 2.79% 30-Day SEC Yield Differentiated to Broader Market Movement 2.79% Unsubsidized 30-Day SEC Yield, as of 9/30/26 DOWNSIDE MITIGATION IN DOWN MARKETS RELATIVELY STABLE VOLATILITY Potential For Realized Retur
Slide 3: Single Fund Solution – Providing Core Alternative Exposure
SINGLE FUND SOLUTION – PROVIDING CORE ALTERNATIVE EXPOSURE Combines Three Core Alternative Investment Strategies The Fund provides a comprehensive, balanced alternatives exposure across three differentiated sub-strategies to complement an investor’s stock and bond holdings. Strategy Allocation as of
Slide 4: Strategy Highlights – Narrowing It Down
STRATEGY HIGHLIGHTS – NARROWING IT DOWN MERGER ARBITRAGE • Announced merger arbitrage strategy focused on strategic, high-quality transactions. • Portfolio comprised of 15-25 merger investments in the U.S. and Canada. • Portfolio managers have 20-year performance history managing the strategy. • Str
Slide 5: FTMIX vs. the Bloomberg U.S. Aggregate Bond Index Statistics
FTMIX VS. THE BLOOMBERG U.S. AGGREGATE BOND INDEX STATISTICS Performance Summary (%) as of 9/30/261 1 Year 3 Year 5 Year 10 Year FTMIX 3.84 6.59 4.17 4.23 Bloomberg U.S. Aggregate Bond Index (BB AGG) -1.84 4.06 -0.64 1.14 Market Resiliency2 • On days the Bloomberg U.S. Aggregate Bond Index was down,
Slide 6: Diversification Benefits to Combining the Fund's Sub-Strategies
DIVERSIFICATION BENEFITS TO COMBINING THE FUND’S SUB-STRATEGIES • FTCM has a core expertise in identifying complementary alternative strategies that enhance the diversification benefits and probability of generating strong risk-adjusted returns for the Fund. • Additionally, FTCM identifies alternati
Slide 7: Performance During Index Down Months Since 2023
PERFORMANCE DURING INDEX DOWN MONTHS SINCE 2023 Since 2023 through 9/30/2026, the Bloomberg U.S. Aggregate Bond Index has experienced 18 down months. Over the same period, FTMIX has experienced only 5 down months. FTMIX Bloomberg U.S. Aggregate Bond Index 23-Feb 0.29% -2.59% 23-May 0.13% -1.09% 23-J
Slide 8: Rising Core Bond Volatility
RISING CORE BOND VOLATILITY Over the past five years, we have seen a rise in the Bloomberg U.S. Aggregate Bond Index volatility profile. Investors may want to consider alternatives for potential portfolio stability. AGG Daily Ann. Vol 3.37% 3.36% 4.04% 5.67% 4.20% 9.25% 8.74% 6.39% 5.16% 4.29% Data
Slide 9: FTMIX 3-Month Rolling Volatility vs BB AGG
FTMIX 3-MONTH ROLLING VOLATILITY VS BB AGG Since 2021, core bonds as measured by the Bloomberg U.S. Aggregate Bond Index (BB AGG) have experienced heightened level of volatility, FTMIX has continued to display low volatility and acting as a ballast for investors portfolios. Data Source: UMB Bank. As
Slide 10: Performance Summary
PERFORMANCE SUMMARY The Fund has enhanced risk-adjusted performance compared to Bonds. Annualized FTMIX Bloomberg U.S. Aggregate Bond Index CALENDAR YEAR RETURNS 2012* 1.12% 2.77% 2013 1.20% -2.02% 2014 2.72% 5.95% 2015 2.98% 0.14% 2016 7.82% 2.83% 2017 1.73% 3.70% 2018 -3.69% 0.06% 2019 13.15% 8.90
Slide 11: FTMIX During Rising Interest Rates
FTMIX DURING RISING INTEREST RATES Since its inception, the Fund has outperformed the Bloomberg U.S. Aggregate Bond Index during periods of rising interest rates. Since Fund Inception: Bloomberg U.S. Aggregate 10-Year Treasury FTMIX 5/1/2012 – 9/30/2026 Bond Index Increased by … 7/24/2012 – 12/31/20
Slide 12: FTMIX During Declining Interest Rates
FTMIX DURING DECLINING INTEREST RATES FTMIX seeks to provide an uncorrelated return stream while capturing the upside potential that bonds tend to see during periods of declining interest rates. Since Fund Inception: Bloomberg U.S. Aggregate 10-Year Treasury FTMIX 5/1/2012 – 9/30/2026 Bond Index Dec
Slide 13: FTMIX Performance – Differentiated Return from Bonds
FTMIX PERFORMANCE – DIFFERENTIATED RETURN FROM BONDS • We believe FTMIX can provide a differentiated return stream from bonds. • The Bloomberg U.S. Aggregate Bond Index has been down 621 days (out of 1,254) and has lost an average of -0.30% on those down days. • On those same down days for bonds, FT
Slide 14: FTMIX: Current Portfolio Construction
FTMIX: CURRENT PORTFOLIO CONSTRUCTION FTMIX CORE STRATEGY Asset-Backed Fixed Income Seeks the best risk-adjusted opportunities in structured debt that offer the potential for high income and price appreciation. Specifically, the strategy targets opportunities within rated CLOs (investment-grade rati
Slide 15: The Fund as a Potential Fixed Income Replacement
THE FUND AS A POTENTIAL FIXED INCOME REPLACEMENT Historically, the Fund has had a volatility profile that is similar to investment grade bonds, yet has produced returns that are uncorrelated to core bond holdings. Additionally, the Fund has outperformed in rising rate environments and, therefore, ha
Slide 16: First Trust Multi-Strategy Fund – Sales Charge Schedules
FIRST TRUST MULTI-STRATEGY FUND – SALES CHARGE SCHEDULES Class A Shares – FTMAX Front-End Sales Charge Front-End Sales Charge Dealer Reallowance Investment As a % of Offering Price* As a % of Net Investment As a % of Offering Price Less than $24,999 4.50% 4.71% 3.75% $25,000 – $49,999 3.50% 3.63% 2.
Slide 17: Fund Performance (%) as of 9/30/26
FUND PERFORMANCE (%) AS OF 9/30/26 Since Fund Total Expense Net Expense Net Asset Value (NAV)* QTD YTD 1 Year 3 Year 5 Year 10 Year Inception Ratio Ratio^ FTMIX – Class I Shares 0.42 2.43 3.84 6.59 4.17 4.23 3.89 1.60 1.60 FTMAX – Class A Shares 0.39 2.28 3.66 6.33 3.88 3.94 3.59 1.86 1.86 FTMCX – C
Slide 18: Risk Considerations
FTMIX RISK CONSIDERATIONS You could lose money by investing in a fund. An investment in a fund is not a deposit of a bank and is not insured or guaranteed. There can be The use of derivatives instruments involves different and possibly greater risks than investing directly in securities including co
Slide 19: Risk Considerations Continued
FTMIX RISK CONSIDERATIONS CONTINUED Large capitalization companies may grow at a slower rate than the overall market. Stocks with growth characteristics tend to be more volatile than certain other stocks and their prices may fluctuate more dramatically than the overall stock market. Securities issue
Slide 20: Definitions
DEFINITIONS Definitions Asset-Backed Securities (ABS): Collateralized by non-mortgage assets, primarily consumer loans like auto loans, credit cards, and student loans. At the Money (ATM): An option is at-the-money when the current price of the underlying asset is equal to the strike price. Bloomber
Slide 21: Contact Us
Contact Us 1-800-988-5196 | www.firsttrustcapital.com You should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing. Contact First Trust Capital Management at 1-800-988-5196 or visit www.firsttrustcapital.com to obtain a prospectus or summary prospe
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