First Trust Merger Arbitrage Fund Class A (VARAX)
| Fund Assets | 2.33B |
| Expense Ratio | 2.14% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 5.65% |
| Dividend Growth | 61.90% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.68 |
| YTD Return | 3.39% |
| 1-Year Return | 5.74% |
| 5-Year Return | 26.00% |
| 52-Week Low | 10.29 |
| 52-Week High | 10.93 |
| Beta (5Y) | n/a |
| Holdings | 107 |
| Inception Date | Oct 1, 2015 |
About VARAX
The Fund's investment strategy focuses on Alt Event Driven with 1.85% total expense ratio. The minimum amount to invest in Investment Managers Series Trust II: Vivaldi Merger Arbitrage Fund; Class A Shares is $1,000 on a standard taxable account. Investment Managers Series Trust II: Vivaldi Merger Arbitrage Fund; Class A Shares seeks returns that are largely uncorrelated with the returns of the general stock market, and capital appreciation. VARAX primarily invests in equity securities (publicly-traded common stock and preferred stock) of companies that are involved in a significant corporate event, such as a merger or acquisition.
Performance
VARAX had a total return of 5.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.54%.
Top 10 Holdings
49.58% of assets| Name | Symbol | Weight |
|---|---|---|
| MSILF Government Portfolio - Class Institutional USD INC | MVRXX | 19.81% |
| Intra-Cellular Therapies Inc. | ITCI | 5.24% |
| Kellanova | K | 4.65% |
| Beacon Roofing Supply, Inc. | BECN | 4.56% |
| Paycor HCM, Inc. | PYCR | 4.27% |
| Nordstrom, Inc. | JWN | 3.21% |
| Patterson Companies, Inc. | PDCO | 2.01% |
| Agriculture & Natural Solutions Acquisition Corporation | ANSC | 2.01% |
| Air Transport Services Group, Inc. | ATSG | 1.96% |
| Playa Hotels & Resorts N.V. | PLYA | 1.85% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 5, 2024 | $0.63186 | Dec 5, 2024 |
| Dec 5, 2023 | $0.39029 | Dec 5, 2023 |
| Dec 5, 2022 | $0.08063 | Dec 5, 2022 |
| Dec 6, 2021 | $0.85751 | Dec 6, 2021 |
| Dec 3, 2020 | $0.08783 | Dec 3, 2020 |
| Dec 3, 2019 | $0.58251 | Dec 3, 2019 |