Filed pursuant to Rule 424(b)(3)
Registration Statement No. 333-213003
First Trust Alternative Opportunities Fund
Supplement dated February 15, 2023 to the
Prospectus and Statement of Additional Information (“SAI”) dated August 1, 2022
Effective February 15, 2023, Jeff O’Brien will step down from his position as portfolio manager of the First Trust Alternative Opportunities Fund. Accordingly, effective February 15, 2023, all references to Jeff O’Brien in the Prospectus and SAI are hereby deleted.
Please retain this Supplement with for future reference.