The First Trust Alternatives Investment Team started within First Trust Portfolios L.P. in 2011. The team, with extensive investment experience, has developed a full suite of alternative strategies. When utilized, alternative strategies can provide investors access to a different set of return/risk drivers through investment techniques and asset classes that are not traditionally available in long-only portfolios. Alternative strategies typically have a lower correlation to traditional asset classes. When paired with traditional asset classes in an overall portfolio, alternative strategies have the potential to add value in a number of ways including increased diversification, lower volatility, and reduced drawdowns.