Morningstar

First Trust Merger Arbitrage Fund Class I VARBX

Rating as of Sep 30, 2026 See First Trust Investment Hub

NAV / 1-Day Return $10.88 / 0.00
Fund Size $1.6B
Adjusted Expense Ratio 1.480%
Net Expense Ratio 1.730%
Fee Level: Distribution High
Share Class Type Institutional
Morningstar Category Event Driven
Alternative Style Box (Funds) Low/Low
Minimum Initial Investment $100,000
Investment Status Open
TTM Yield 3.38%
Turnover Ratio 293%

NAV and 1-Day Return as of Oct 24, 2026, 12:10:56 AM

There is no Morningstar’s Analysis data available.

Portfolio Holdings VARBX

More VARBX Holdings

Current Portfolio Date Jun 30, 2026
Equity Holdings —
Bond Holdings —
Other Holdings —
% Assets in Top 10 Holdings 39.3

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Other	11.47	187M	—
Taylor Morrison Home Corp	11.29	184M	Consumer Cyclical
Chart Industries Inc	9.47	155M	Industrials
ARC Resources Ltd	5.83	95M	Energy
Nuvalent Inc Class A	5.42	89M	Healthcare
National Storage Affiliates Trust	4.82	79M	Real Estate
Morgan Stanley Instl Lqudty Govt Instl	4.46	73M	Cash and Equivalents
Apogee Therapeutics Inc	4.35	71M	Healthcare
Sila Realty Trust Inc	3.91	64M	Real Estate
Webster Financial Corp	3.40	56M	Financial Services

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