VARAX Mutual Fund

VARAX Mutual Fund (First Trust Merger Arbitrage Fund Class A) is managed by First Trust Capital Management L.P with $60.1M in net assets. VARAX expense ratio is 2.07%, holding 180 positions across sectors including Health Care, Financials, Information Technology. Inception date: 2015-10-01.

VARAX performance shows a YTD return of 2.33%. The 1-year return is 4.49% and the 5-year return is 3.78%. VARAX dividend yield stands at 5.72%, paid annually.

VARAX top holdings include Cadence Bancorp Common Stock (4.9%), Cyberark Software Ltd/Israel Common Stock (4.0%), Umb Money Market Ii Special (3.8%), Comerica Inc. (3.6%), Ceridian Hcm Holding Inc (3.6%). Go to all VARAX holdings, VARAX sectors, or VARAX dividends.

VARAX can be compared against other funds. Use VARAX overlap to find shared positions, or VARAX vs another fund for a side-by-side view. VARAX alternatives are available via the screener, along with tax-loss harvesting opportunities.