First Trust Private Credit Fund (FTPCX) · NASDAQ:FTPCX
First Trust Private Credit Fund (FTPCX) — First Trust Multi-Strategy Fund — Investor Presentation (October 2026)
23 slides from First Trust Private Credit Fund (FTPCX)'s investor presentation, October 2026
Slide 1: FTMIX First Trust Multi-Strategy Fund
FTMIX First Trust Multi-Strategy Fund CLASS I SHARES 3 RD Q U A R T E R 2 0 2 6 FOR INSTITUTIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.
Slide 2: Potential Benefits of the Fund
POTENTIAL BENEFITS OF THE FUND HEALTHY INCOME POTENTIAL ALTERNATIVE RETURN TO STOCKS/BONDS 6.09% Trailing 12-Month Distribution Rate, Paid Monthly1 Differentiated to Broader Market Movement 2.79% 30-Day SEC Yield 2.79% Unsubsidized 30-Day SEC Yield, as of 9/30/26 DOWNSIDE MITIGATION IN DOWN MARKETS
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 alternat
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. 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 2017 2018 2019 2020 2021 2022 2023 2024 2025 20
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. 10.00% 8.00% +2σ above Me
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: 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 17: 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 18: Appendix #1
APPENDIX #1 FOR INSTITUTIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.
Slide 19: FTMIX: Options Writing Strategy Description
FTMIX: OPTIONS WRITING STRATEGY DESCRIPTION Strategy Description As subadvisor, Vest intends to employ a volatility risk premium capture strategy Volatility Risk Premium (VRP) 10+ Year History for the options writing portion of the First Trust Multi-Strategy Fund. 20% Specifically, the strategy syst
Slide 20: Bull Put Spread Illustration
BULL PUT SPREAD ILLUSTRATION Short put spreads are financed with long box spreads Bull Put Spread - Hypothetical Example 2500 105% Short Put 2000 1500 1000 500 Profit / Loss 0 -500 -1000 -1500 95% Long Put -2000 -2500 3000 4000 5000 6000 7000 S&P 500 Index Level Long 4000 Synthetic Accrued Interest
Slide 21: Box Spread Trade Illustration
BOX SPREAD TRADE ILLUSTRATION Short put spreads are financed with long box spreads • 5.69% implied interest versus 5.38% 3-month T-bills Long a 3-month 1,000 Point Box Trade - Hypothetical Example 2500 Short 5000 Call @ $189 Short 4000 Put @ $5.50 2000 Long 4000 Synthetic: Pay $1,109.50 ($1,115 - $5
Slide 22: Fund Risk Considerations
FUND RISK CONSIDERATIONS A fund’s shares will change in value and you could lose money by investing in a fund. An investment in a fund is not a deposit result. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious disease or other public health of a bank
Slide 23: 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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