First Trust Merger Arbitrage Fund Class I
VARBX
NASDAQ
| Weiss Ratings | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Good | |||
| Risk Grade | B- | |||
| Company Info | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Provider | First Trust | |||
| Manager/Tenure (Years) | Daniel Lancz (10), Peter Paganessi (0) | |||
| Website | http://www.ftportfolios.com/ | |||
| Fund Information | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Fund Name | First Trust Merger Arbitrage Fund Class I | |||
| Category | Event Driven | |||
| Sub-Category | Market Neutral | |||
| Prospectus Objective | Growth | |||
| Inception Date | Oct 01, 2015 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 100,000.00 | |||
| Minimum Subsequent Investment | 0.00 | |||
| Front End Fee | -- | |||
| Back End Fee | -- | |||
| Dividends and Shares | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield | 3.47% | |||
| Dividend | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield (Forward) | 1.50% | |||
| Asset Allocation | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 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 | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 7-Day Total Return | 0.09% | |||
| 30-Day Total Return | 0.37% | |||
| 60-Day Total Return | 0.37% | |||
| 90-Day Total Return | 0.75% | |||
| Year to Date Total Return | 0.75% | |||
| 1-Year Total Return | 5.36% | |||
| 2-Year Total Return | 11.07% | |||
| 3-Year Total Return | 15.82% | |||
| 5-Year Total Return | 22.14% | |||
| Price | VARBX-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 | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Nav | $10.63 | |||
| 1-Month Low NAV | $10.58 | |||
| 1-Month High NAV | $10.63 | |||
| 52-Week Low NAV | $10.52 | |||
| 52-Week Low NAV (Date) | Dec 05, 2025 | |||
| 52-Week High NAV | $11.16 | |||
| 52-Week High Price (Date) | Dec 04, 2025 | |||
| Beta / Standard Deviation | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Beta | 0.01 | |||
| Standard Deviation | 0.99 | |||
| Balance Sheet | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 1.56B | |||
| Operating Ratios | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Expense Ratio | 1.75% | |||
| Turnover Ratio | 293.00% | |||
| Performance | VARBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Last Bull Market Total Return | 2.94% | |||
| Last Bear Market Total Return | -1.03% | |||