First Trust Merger Arbitrage Cl C (VARCX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.55
0.00 (0.00%)
Feb 21, 2025, 4:00 PM EST
-1.68% (1Y)
| Fund Assets | 1.57B |
| Expense Ratio | 2.81% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 5.93% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.55 |
| YTD Return | 0.67% |
| 1-Year Return | 4.22% |
| 5-Year Return | n/a |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 98 |
| Inception Date | Jan 31, 2024 |
About VARCX
VARCX was founded on 2024-01-31. The Fund's investment strategy focuses on Alt Event Driven with 2.85% total expense ratio. The minimum amount to invest in First Trust Merger Arbitrage Fund Class C Shares is $1,000 on a standard taxable account. First Trust Merger Arbitrage Fund Class C Shares seeks returns that are largely uncorrelated with the returns of the general stock market, and capital appreciation. VARCX 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.
Category Event Driven
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol VARCX
Share Class Class C Shares
Index Bloomberg U.S. Aggregate Bond TR
Performance
VARCX had a total return of 4.22% in the past year. Since the fund's inception, the average annual return has been 4.40%, 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% |