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First Trust Merger Arbitrage Cl I (VARBX)

10.93 0.00 (0.00%)
At close: June 14 at 8:01 PM EDT
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DELL
  • Previous Close 10.93
  • YTD Return 2.73%
  • Expense Ratio 2.10%
  • Category Event Driven
  • Last Cap Gain 0.00
  • Morningstar Rating
  • Morningstar Risk Rating Below Average
  • Sustainability Rating
  • Net Assets 1.57B
  • Beta (5Y Monthly) 0.02
  • Yield 3.33%
  • 5y Average Return --
  • Holdings Turnover 367.00%
  • Last Dividend 0.37
  • Inception Date Jan 31, 2024

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.

First Trust

Fund Family

Event Driven

Fund Category

1.57B

Net Assets

2024-01-31

Inception Date

Performance Overview: VARBX

Trailing returns as of 6/14/2024. Category is Event Driven.

YTD Return

VARBX
2.73%
Category
4.64%
 

1-Year Return

VARBX
5.82%
Category
13.76%
 

3-Year Return

VARBX
3.51%
Category
6.25%
 

5-Year Return

VARBX
4.11%
Category
5.34%
 

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Holdings: VARBX

Top 4 Holdings (40.23% of Total Assets)

SymbolCompany% Assets
MVRXX
Morgan Stanley Institutional Liquidity Funds - Government Portfolio 31.55%
XOM
Exxon Mobil Corporation 4.73%
CVII
Churchill Capital Corp VII 2.12%
RRAC
Rigel Resource Acquisition Corp. 1.82%

Sector Weightings

SectorVARBX
Industrials   9.00%
Real Estate   7.12%
Energy   7.09%
Healthcare   1.08%
Technology   0.04%
Utilities   0.00%

Recent News: VARBX

Research Reports: VARBX

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