First Trust Merger Arbitrage Fund Class I (VARBX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.63
0.00 (0.00%)
Feb 14, 2025, 4:00 PM EST
-0.56%
Fund Assets 2.33B
Expense Ratio 1.84%
Min. Investment $500,000
Turnover n/a
Dividend (ttm) 0.66
Dividend Yield 6.25%
Dividend Growth 53.61%
Payout Frequency Annual
Ex-Dividend Date Dec 5, 2024
Previous Close 10.63
YTD Return 0.76%
1-Year Return 5.72%
5-Year Return 23.16%
52-Week Low n/a
52-Week High n/a
Beta (5Y) 0.04
Holdings 123
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.

Fund Family Vivaldi Merger
Category Event Driven
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol VARBX
Share Class Class I Shares
Index Bloomberg U.S. Aggregate Bond TR

Performance

VARBX had a total return of 5.72% in the past year. Since the fund's inception, the average annual return has been 3.83%, including dividends.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
VARAX Class A Shares 2.14%
VARCX Class C Shares 2.81%

Top 10 Holdings

38.70% of assets
Name Symbol Weight
Avangrid, Inc. AGR 5.90%
Marathon Oil Corporation MRO 5.10%
Squarespace, Inc. SQSP 4.33%
Stericycle, Inc. SRCL 4.27%
MSILF Government Portfolio - Class Institutional MVRXX 4.08%
Smartsheet Inc. SMAR 3.98%
HashiCorp, Inc. HCP 3.06%
Ares Acquisition Corporation II AACT 2.94%
Kellanova K 2.88%
Nuvei Corporation NVEI 2.16%
View More Holdings

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
Full Dividend History