First Trust Merger Arbitrage Fund Class I (VARBX)
| Fund Assets | 2.33B |
| Expense Ratio | 1.84% |
| Min. Investment | $500,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 6.08% |
| Dividend Growth | 53.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.92 |
| YTD Return | 3.51% |
| 1-Year Return | 6.22% |
| 5-Year Return | 28.09% |
| 52-Week Low | 10.50 |
| 52-Week High | 11.17 |
| Beta (5Y) | 0.02 |
| Holdings | 107 |
| Inception Date | Oct 1, 2015 |
About VARBX
The Fund's investment strategy focuses on Alt Event Driven with 1.52% total expense ratio. The minimum amount to invest in Investment Managers Series Trust II: Vivaldi Merger Arbitrage Fund; Class I Shares is $500,000 on a standard taxable account. Investment Managers Series Trust II: Vivaldi Merger Arbitrage Fund; Class I Shares seeks returns that are largely uncorrelated with the returns of the general stock market, and capital appreciation. VARBX 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
VARBX had a total return of 6.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.99%.
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 | $0.66397 | Dec 5, 2024 |
| Dec 5, 2023 | $0.43225 | Dec 5, 2023 |
| Dec 5, 2022 | $0.09335 | Dec 5, 2022 |
| Dec 6, 2021 | $0.8873 | Dec 6, 2021 |
| Dec 3, 2020 | $0.08783 | Dec 3, 2020 |
| Dec 3, 2019 | $0.58251 | Dec 3, 2019 |