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 | 6.25% |
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.
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.
Top 10 Holdings
38.70% of assetsName | 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% |
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 |