VARAX
First Trust Merger Arbitrage Fund
INVESTMENT MANAGERS SERIES TRUST II

Average annual returns

Through 2025 · incl. N-PORT-derived 2025
1 year
5.67%
3 year
4.61%
5 year
4.21%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

2020 onward derived from N-PORT monthly returns

Risk statistics

81 months through March 31, 2026
Volatility (ann.)
0.92%
Sharpe
5.13
Sortino
14.51
Max drawdown
-2.40%
Best month
3.18%
Worst month
-2.12%
Beta vs VTSAX
0.00
Correlation
0.04

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.