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 (9) | |||
| 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 | 2.24% | |||
| Dividend | VARAX-NASDAQ | Click to Compare |
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| Dividend Yield (Forward) | 1.59% | |||
| Asset Allocation | VARAX-NASDAQ | Click to Compare |
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| Cash | 34.26% | |||
| Stock | 55.94% | |||
| U.S. Stock | 53.94% | |||
| Non-U.S. Stock | 2.00% | |||
| Bond | 0.00% | |||
| U.S. Bond | 0.00% | |||
| Non-U.S. Bond | 0.00% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 9.80% | |||
| Price History | VARAX-NASDAQ | Click to Compare |
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| 7-Day Total Return | 0.37% | |||
| 30-Day Total Return | 1.32% | |||
| 60-Day Total Return | 2.48% | |||
| 90-Day Total Return | 2.58% | |||
| Year to Date Total Return | 3.77% | |||
| 1-Year Total Return | 6.32% | |||
| 2-Year Total Return | 11.99% | |||
| 3-Year Total Return | 15.59% | |||
| 5-Year Total Return | 26.59% | |||
| 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 | $10.73 | |||
| 1-Month Low NAV | $10.59 | |||
| 1-Month High NAV | $10.73 | |||
| 52-Week Low NAV | $10.31 | |||
| 52-Week Low NAV (Date) | Dec 05, 2024 | |||
| 52-Week High NAV | $10.93 | |||
| 52-Week High Price (Date) | Dec 04, 2024 | |||
| Beta / Standard Deviation | VARAX-NASDAQ | Click to Compare |
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| Beta | 0.01 | |||
| Standard Deviation | 0.99 | |||
| Balance Sheet | VARAX-NASDAQ | Click to Compare |
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| Total Assets | 1.45B | |||
| Operating Ratios | VARAX-NASDAQ | Click to Compare |
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| Expense Ratio | 2.14% | |||
| Turnover Ratio | 403.00% | |||
| Performance | VARAX-NASDAQ | Click to Compare |
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| Last Bull Market Total Return | 2.72% | |||
| Last Bear Market Total Return | -1.05% | |||