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 | 6.23% |
| Dividend Growth | 53.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.66 |
| YTD Return | 1.04% |
| 1-Year Return | 5.42% |
| 5-Year Return | 25.53% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.04 |
| Holdings | 98 |
| 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 5.42% in the past year. Since the fund's inception, the average annual return has been 3.83%, including dividends.
Top 10 Holdings
53.76% of assets| Name | Symbol | Weight |
|---|---|---|
| MSILF Government Portfolio - Class Institutional | MVRXX | 19.78% |
| Smartsheet Inc. | SMAR | 8.07% |
| Retail Opportunity Investments Corp. | ROIC | 5.47% |
| Kellanova | K | 4.20% |
| Heartland Financial USA, Inc. | HTLF | 4.18% |
| Ares Acquisition Corporation II | AACT | 3.15% |
| Barnes Group Inc. | B | 2.81% |
| HashiCorp, Inc. | HCP | 2.11% |
| Agriculture & Natural Solutions Acquisition Corporation | ANSC | 2.04% |
| Nordstrom, Inc. | JWN | 1.95% |
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 |