First Trust Merger Arbitrage Cl I (VARBX)
| Fund Assets | 2.33B |
| Expense Ratio | 1.84% |
| Min. Investment | $500,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 6.05% |
| Dividend Growth | 53.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.98 |
| YTD Return | 4.08% |
| 1-Year Return | 5.35% |
| 5-Year Return | 27.94% |
| 52-Week Low | 10.50 |
| 52-Week High | 11.17 |
| Beta (5Y) | 0.02 |
| Holdings | 137 |
| 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 5.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.94%.
Top 10 Holdings
46.65% of assets| Name | Symbol | Weight |
|---|---|---|
| MSILF Government Portfolio - Class Institutional | MVRXX | 11.71% |
| Dun & Bradstreet Holdings, Inc. | DNB | 5.43% |
| Springworks Therapeutics, Inc. | SWTX | 5.06% |
| Skechers USA, Inc. | SKX | 5.00% |
| Kellanova | K | 4.06% |
| Enstar Group Ltd. | ESGR | 3.58% |
| UMB MONEY MARKET II SPECIAL / | SMMFIDU | 3.40% |
| Blueprint Medicines Corporation | BPMC | 3.28% |
| The AZEK Company Inc. | AZEK | 3.06% |
| Agriculture & Natural Solutions Acquisition Corporation | ANSC | 2.08% |
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 |