First Trust Merger Arbitrage Fund Class I (VARBX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.93
-0.01 (-0.09%)
Jul 15, 2025, 12:15 PM EDT
-0.36%
Fund Assets2.33B
Expense Ratio1.84%
Min. Investment$500,000
Turnovern/a
Dividend (ttm)0.66
Dividend Yield6.07%
Dividend Growth53.61%
Payout FrequencyAnnual
Ex-Dividend DateDec 5, 2024
Previous Close10.94
YTD Return3.70%
1-Year Return6.02%
5-Year Return27.97%
52-Week Low10.50
52-Week High11.17
Beta (5Y)0.02
Holdings107
Inception DateOct 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
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 6.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
VARAXClass A Shares2.14%
VARCXClass C Shares2.81%

Top 10 Holdings

49.58% of assets
NameSymbolWeight
MSILF Government Portfolio - Class Institutional USD INCMVRXX19.81%
Intra-Cellular Therapies Inc.ITCI5.24%
KellanovaK4.65%
Beacon Roofing Supply, Inc.BECN4.56%
Paycor HCM, Inc.PYCR4.27%
Nordstrom, Inc.JWN3.21%
Patterson Companies, Inc.PDCO2.01%
Agriculture & Natural Solutions Acquisition CorporationANSC2.01%
Air Transport Services Group, Inc.ATSG1.96%
Playa Hotels & Resorts N.V.PLYA1.85%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 5, 2024$0.66397Dec 5, 2024
Dec 5, 2023$0.43225Dec 5, 2023
Dec 5, 2022$0.09335Dec 5, 2022
Dec 6, 2021$0.8873Dec 6, 2021
Dec 3, 2020$0.08783Dec 3, 2020
Dec 3, 2019$0.58251Dec 3, 2019
Full Dividend History