First Trust Merger Arbitrage Fund Class A
VARAX
NASDAQ
| Weiss Ratings | VARAX-NASDAQ | Click to Compare |
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| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Fair | |||
| Risk Grade | C+ | |||
| Company Info | VARAX-NASDAQ | Click to Compare |
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| Provider | First Trust | |||
| Manager/Tenure (Years) | Daniel Lancz (10), Peter Paganessi (0) | |||
| Website | http://www.ftportfolios.com/ | |||
| Fund Information | VARAX-NASDAQ | Click to Compare |
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| Fund Name | First Trust Merger Arbitrage Fund Class A | |||
| Category | Event Driven | |||
| Sub-Category | Market Neutral | |||
| Prospectus Objective | Growth | |||
| Inception Date | Oct 01, 2015 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 5,000.00 | |||
| Minimum Subsequent Investment | 0.00 | |||
| Front End Fee | 0.05 | |||
| Back End Fee | -- | |||
| Dividends and Shares | VARAX-NASDAQ | Click to Compare |
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| Dividend Yield | 3.23% | |||
| Dividend | VARAX-NASDAQ | Click to Compare |
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| Dividend Yield (Forward) | 1.50% | |||
| Asset Allocation | VARAX-NASDAQ | Click to Compare |
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| Cash | 5.54% | |||
| Stock | 68.67% | |||
| U.S. Stock | 66.74% | |||
| Non-U.S. Stock | 1.93% | |||
| Bond | 21.09% | |||
| U.S. Bond | 15.64% | |||
| Non-U.S. Bond | 5.45% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 4.70% | |||
| Price History | VARAX-NASDAQ | Click to Compare |
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| 7-Day Total Return | 0.19% | |||
| 30-Day Total Return | 0.48% | |||
| 60-Day Total Return | 0.48% | |||
| 90-Day Total Return | 0.87% | |||
| Year to Date Total Return | 0.87% | |||
| 1-Year Total Return | 5.26% | |||
| 2-Year Total Return | 10.55% | |||
| 3-Year Total Return | 14.81% | |||
| 5-Year Total Return | 20.16% | |||
| Price | VARAX-NASDAQ | Click to Compare |
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| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | VARAX-NASDAQ | Click to Compare |
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| Nav | $10.41 | |||
| 1-Month Low NAV | $10.34 | |||
| 1-Month High NAV | $10.41 | |||
| 52-Week Low NAV | $10.29 | |||
| 52-Week Low NAV (Date) | Dec 05, 2025 | |||
| 52-Week High NAV | $10.90 | |||
| 52-Week High Price (Date) | Dec 04, 2025 | |||
| Beta / Standard Deviation | VARAX-NASDAQ | Click to Compare |
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| Beta | 0.00 | |||
| Standard Deviation | 0.92 | |||
| Balance Sheet | VARAX-NASDAQ | Click to Compare |
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| Total Assets | 1.58B | |||
| Operating Ratios | VARAX-NASDAQ | Click to Compare |
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| Expense Ratio | 2.07% | |||
| Turnover Ratio | 293.00% | |||
| Performance | VARAX-NASDAQ | Click to Compare |
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| Last Bull Market Total Return | 2.72% | |||
| Last Bear Market Total Return | -1.05% | |||