First Trust Merger Arbitrage Cl C (VARCX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.79
0.00 (0.00%)
Jul 3, 2025, 4:00 PM EDT
-1.01% (1Y)
| Fund Assets | 1.57B |
| Expense Ratio | 2.81% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 5.81% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 5, 2024 |
| Previous Close | 10.79 |
| YTD Return | 2.96% |
| 1-Year Return | 4.93% |
| 5-Year Return | n/a |
| 52-Week Low | 10.45 |
| 52-Week High | 11.07 |
| Beta (5Y) | n/a |
| Holdings | 107 |
| 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
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 4.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.08%.
Top 10 Holdings
49.58% of assets| Name | Symbol | Weight |
|---|---|---|
| MSILF Government Portfolio - Class Institutional USD INC | MVRXX | 19.81% |
| Intra-Cellular Therapies Inc. | ITCI | 5.24% |
| Kellanova | K | 4.65% |
| Beacon Roofing Supply, Inc. | BECN | 4.56% |
| Paycor HCM, Inc. | PYCR | 4.27% |
| Nordstrom, Inc. | JWN | 3.21% |
| Patterson Companies, Inc. | PDCO | 2.01% |
| Agriculture & Natural Solutions Acquisition Corporation | ANSC | 2.01% |
| Air Transport Services Group, Inc. | ATSG | 1.96% |
| Playa Hotels & Resorts N.V. | PLYA | 1.85% |