First Trust Merger Arbitrage Fund - Class I (VARBX)

The First Trust Merger Arbitrage Fund - Class I (VARBX) is a mutual fund that focuses on investing in companies that are involved in mergers and acquisitions. This fund aims to generate returns by taking advantage of price discrepancies between the stock prices of companies involved in a merger or acquisition. It primarily invests in equity securities of companies in the United States and may also invest in foreign companies. The Class I shares of this fund are typically available to institutional investors and have a lower expense ratio compared to other share classes.