VARBX Mutual Fund

NAV$10.84

AUM$1.6B

TER1.75%

Holdings180

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VARBX Mutual Fund

NAV$10.84

First Trust Merger Arbitrage Fund Class I

AUM$1.6B

TER1.75%

Holdings180

See how much of VARBX you already own

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 50 of 172 holdings · as of Dec 31, 2025

VARBX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Share chg	Sector	Industry
1	CADE	Cadence BancorpFinancials · Banks	4.93%	4.9%	1,798,465	$77.05M	-	Financials	Banks
2	CYBR	Cyberark Software Ltd/Israel	4.04%	9.0%	141,553	$63.14M	-	-	-
Share changes, sector and industry · Pro
3	—	Umb Money Market Ii Special	3.77%	12.7%	-	$58.89M
4	CMA	Comerica Inc.	3.62%	16.4%	649,605	$56.47M
5	CDAY	Ceridian Hcm Holding Inc	3.60%	20.0%	811,953	$56.15M
6	ALEX	Alexander & Baldwin Inc	2.68%	22.6%	2,029,307	$41.88M
7	CDTX	Cidara Therapeutics, Inc.	2.50%	25.1%	177,036	$39.11M
8	—	Synovus Financial Corp	2.32%	27.5%	722,581	$36.17M
9	MVRXX	Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class	2.28%	29.7%	-	$35.67M
10	HI	Hillenbrand Inc	2.27%	32.0%	1,117,678	$35.45M
11	CWAN	Clearwater Analytics Holdings Inc	1.97%	34.0%	1,274,985	$30.75M
12	AAM	Aa Mission Acquisition Corp	1.85%	35.8%	2,700,952	$28.82M
13	ANSC	Agriculture & Nat Sol Acq Corp Shs Cl A	1.80%	37.6%	2,512,033	$28.06M
14	ALF	Alfi Inc.	1.70%	39.3%	2,479,407	$26.48M
15	EXAS	Excat Scienece Corp	1.48%	40.8%	227,863	$23.14M
16	SEE	Sealed Air Corp.	1.44%	42.3%	543,140	$22.50M
17	CUB	Lionheart Holdings	1.33%	43.6%	1,938,207	$20.70M
18	GRAF	Graf Global Corp	1.33%	44.9%	1,931,321	$20.77M
19	GPAT	Gp-Act Iii Acquisition Corp. Com USD0.0001 Class A	1.30%	46.2%	1,897,607	$20.30M
20	DMAA	Drugs Made In America Acquisition Corp	1.28%	47.5%	1,929,288	$20.01M
21	LPAA	Launch One Acquisition Corp	1.27%	48.8%	1,866,241	$19.76M
22	VACH	Voyager Acquisition Corp	1.24%	50.0%	1,808,801	$19.30M
23	HOLX	Hologic Inc Sedol 2433530	1.20%	51.2%	252,089	$18.78M
24	FYBR	Frontier Communications Parent Inc.	1.17%	52.4%	481,266	$18.32M
25	JAMF	Jamf Holding Corp.	1.17%	53.5%	1,404,800	$18.28M
26	DMII	Drugs Made In America Acquisition Ii Corp.	1.13%	54.7%	1,779,743	$17.62M
27	SIMA	Sim Acquisition Corp. I	1.10%	55.8%	1,625,271	$17.21M
28	HTBK	Heritage Commerce Corp	1.03%	56.8%	1,335,594	$16.04M
29	EA	Electronic Arts, Inc.	1.01%	57.8%	77,109	$15.76M
30	HYAC	Haymaker Acquisition Corp. Ii, Class A	1.00%	58.8%	1,373,180	$15.63M
31	VNMEU	Vendome Acquisition Corp I	0.98%	59.8%	1,520,272	$15.31M
32	PLYM	Plymouth Industrial Reit Inc	0.96%	60.8%	684,601	$14.98M
33	SDHIU	Siddhi Acquisition Corp	0.91%	61.7%	1,387,164	$14.25M
34	MACI	Melar Acquisition Corp. I	0.87%	62.5%	1,275,345	$13.56M
35	FOLD	Amicus Therapeutics Inc	0.86%	63.4%	938,121	$13.36M
36	LEGT	Legato Merger Corp Iii	0.82%	64.2%	1,183,566	$12.88M
37	FRGE	Fund Fg-Rta, A Series Of Forge Investments Llc (Economic Exposure To Stripe, Inc., Common Stock)	0.76%	65.0%	265,488	$11.83M
38	TVACU	Texas Ventures Acquisition Iii Corp	0.72%	65.7%	1,056,702	$11.25M
39	CFLT	Confluent, Inc.	0.69%	66.4%	356,674	$10.79M
40	—	Cantor Equity Partners Iii Inc	0.68%	67.1%	1,036,601	$10.57M
41	RAC	Rithm Acquisition Corp	0.66%	67.7%	996,849	$10.36M
42	LOKM	Live Oak Acquisition Corp	0.63%	68.3%	947,683	$9.76M
43	DENN	Denny's Corp.	0.58%	68.9%	1,466,713	$9.12M
44	—	Soulpower Acquisition Corp	0.57%	69.5%	879,500	$8.93M
45	—	Cantor Equity Partners V Inc	0.57%	70.1%	859,811	$8.84M
46	MLACU	Mountain Lake Acquisition	0.56%	70.6%	840,990	$8.75M
47	ATXS	Astria Therapeutics Inc.	0.54%	71.2%	643,781	$8.43M
48	GSRFU	Gsr Iv Acquisition Corp	0.52%	71.7%	813,897	$8.13M
49	NHIC	Newhold Investment Corp Iii	0.51%	72.2%	768,067	$7.96M
50	RAAQ	Real Asset Acquisition Co	0.49%	72.7%	756,454	$7.72M
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VARBX Mutual Fund All Holdings

VARBX holdings total 180 positions. The top 10 holdings account for 32.0% of the fund, led by Cadence Bancorp Common Stock at 4.9%, Cyberark Software Ltd/Israel Common Stock at 4.0%, Umb Money Market Ii Special at 3.8%.

VARBX portfolio concentration is moderate, with the top 10 representing 32.0% of total assets. The largest sector exposure is Health Care at 6.5%.

VARBX sectors provide a detailed breakdown. VARBX overlap shows how holdings compare to other funds in your portfolio.