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First Trust Merger Arbitrage Cl CVARCX

Performance (before sales charge)

As of 04/30/2024

All information is historical and not indicative of future results. Current performance may be lower or higher than the quoted past performance, which cannot guarantee results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. After-sales-charge returns reflect the maximum sales charge applicable to the fund. Performance may not reflect any expense limitation or subsidies currently in effect. Short-term trading fees may apply. To obtain the most recent month-end performance, visit Morningstar.com.

Asset allocation

As of 03/31/2024
Stock
58.44%
Non-U.S. Stock
8.18%
Bond
0.00%
Non-U.S. Bond
0.00%
Preferred
2.13%
Convertible
0.00%
Cash
31.25%
Other
0.00%

Due to rounding, percentages may not equal 100%.

Sectors

As of 03/31/2024

Basic materials

0.00%

Consumer cyclical

5.38%

Financial services

49.87%

Real estate

5.25%

Consumer defensive

0.00%

Health care

0.80%

Utilities

0.00%

Communication services

0.00%

Energy

-0.08%

Industrials

5.33%

Technology

0.03%

Top 10 holdings

As of 03/31/2024

Morgan Stanley Instl Lqudty Govt Instl
31.25%
American Equity Investment Life Holding Co
5.27%
Tricon Residential Inc
5.25%
Exxon Mobil Corp
4.76%
M.D.C. Holdings Inc
4.73%
Pioneer Natural Resources Co
4.62%
Screaming Eagle Acquisition Corp Class A
4.62%
Masonite International Corp
3.96%
Churchill Capital Corp VII Ordinary Shares - Class A
2.13%
Rigel Resource Acquisition Corp Ordinary Shares - Class A
1.83%
Fund assets

$1.56 Billion

Share class

C

Morningstar category

Event Driven

Expense ratio

2.85%

Investment objective

Growth

Documents
    Compare against similar funds*

    * “Similar funds” are top 10 performing funds in the same Morningstar category and share class , defaulted to 5 Year at NAV.