First Trust Merger Arbitrage Fund Class A
VARAX
NASDAQ
| Weiss Ratings | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Fair | |||
| Risk Grade | C+ | |||
| Company Info | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Provider | First Trust | |||
| Manager/Tenure (Years) | Daniel Lancz (9) | |||
| Website | http://www.ftportfolios.com/ | |||
| Fund Information | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 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 |
Click to Compare |
Click to Compare |
| Dividend Yield | 2.23% | |||
| Dividend | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield (Forward) | 1.21% | |||
| Asset Allocation | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Cash | 31.80% | |||
| Stock | 65.66% | |||
| U.S. Stock | 57.98% | |||
| Non-U.S. Stock | 7.68% | |||
| Bond | 0.00% | |||
| U.S. Bond | 0.00% | |||
| Non-U.S. Bond | 0.00% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 2.54% | |||
| Price History | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 7-Day Total Return | 0.00% | |||
| 30-Day Total Return | -0.09% | |||
| 60-Day Total Return | 0.28% | |||
| 90-Day Total Return | 0.56% | |||
| Year to Date Total Return | 3.48% | |||
| 1-Year Total Return | 4.95% | |||
| 2-Year Total Return | 10.94% | |||
| 3-Year Total Return | 14.15% | |||
| 5-Year Total Return | 26.11% | |||
| Price | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 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 |
Click to Compare |
Click to Compare |
| Nav | $10.70 | |||
| 1-Month Low NAV | $10.70 | |||
| 1-Month High NAV | $10.71 | |||
| 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 |
Click to Compare |
Click to Compare |
| Beta | 0.01 | |||
| Standard Deviation | 0.95 | |||
| Balance Sheet | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 1.49B | |||
| Operating Ratios | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Expense Ratio | 2.14% | |||
| Turnover Ratio | 403.00% | |||
| Performance | VARAX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Last Bull Market Total Return | 2.72% | |||
| Last Bear Market Total Return | -1.05% | |||