VARBX
First Trust Merger Arbitrage Fund
INVESTMENT MANAGERS SERIES TRUST II

Average annual returns

Through 2025
1 year
6.06%
3 year
4.95%
5 year
4.55%
10 year
3.92%

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

Calendar-year returns

Risk statistics

81 months through March 31, 2026
Volatility (ann.)
0.93%
Sharpe
5.44
Sortino
13.51
Max drawdown
-2.37%
Best month
3.23%
Worst month
-2.10%
Beta vs VTSAX
0.01
Correlation
0.12

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

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