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FirstTrust Merger Arbitrage Cl A (VARAX)

10.46
0.00
(0.00%)
At close: 5:49:15 PM EDT

Fund Summary

Under normal market conditions, the fund's adviser intends to invest in equity securities (publicly-traded common stock and preferred stock) and derivatives thereof of companies that are involved in a significant corporate event, such as a merger or acquisition. Investments in companies undergoing a merger or acquisition have both risk and return characteristics that are different from the risks of investing in the general stock market. It may invest in equity securities of any market capitalization.

FirstTrust Merger Arbitrage Cl A

Milwaukee, WI 53233
803 West Michigan Street
(414) 299-2295

Fund Overview

Category Event Driven
Fund Family First Trust
Net Assets 1.5B
YTD Return 1.26%
Yield 2.28%
Morningstar Rating
Inception Date Jan 31, 2024

Fund Operations

Last Dividend 0.25
Last Cap Gain 0.00
Holdings Turnover 403.00%
Average for Category --

Fees & Expenses

Expense VARAX Category Average
Annual Report Expense Ratio (net) 2.14% 1.90%
Prospectus Net Expense Ratio 2.14% --
Prospectus Gross Expense Ratio 2.14% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.94%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mr. Lancz has served as Portfolio Manager for Vivaldi Asset Management since November 2014. Prior to joining Vivaldi, Mr. Lancz was the Chief Compliance Officer, Director of Research and Member of the General Partner of Glenfinnen Capital LLC since 2003. Mr. Lancz was also the Director of Research at Augusta Capital Management L.P. from 2000 until 2003. Mr. Lancz received a Bachelor of Science degree from Miami University.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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