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About First Trust Merger Arbitrage ETF
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Inception date
Feb 4, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740J2033
MARB targets global companies that are involved in a publicly-announced merger or acquisition. Only those companies involved in such significant corporate transaction are eligible for inclusion in the portfolio. In seeking capital appreciation, the fund takes a long position in stocks that are reported targets of takeovers or acquisitions, while shorting the acquiring name. MARB profits from the net of the targets trading stock price following the announcement and the future contractual price of the target company when the transaction closes. The fund uses real-time quantitative-based research to evaluate the attractiveness of a transaction relative to others in the arbitrage universe. It also considers the probability of the mergers completion and certain risks that may affect its likelihood. MARB may hold cash or cash equivalents if the aforesaid investment criteria are not satisfied.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Cash
Stocks25.45%
Technology Services12.00%
Distribution Services4.43%
Consumer Non-Durables3.05%
Communications2.64%
Health Technology1.83%
Finance1.48%
Bonds, Cash & Other74.55%
Cash74.55%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MARB last dividends amounted to 0.19 USD. The quarter before, the issuer paid 0.16 USD in dividends, which shows a 16.47% increase.
MARB assets under management is 35.24 M USD. It's fallen 0.22% over the last month.
MARB fund flows account for 4.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MARB pays dividends to its holders with the dividend yield of 1.71%. The last dividend (Dec 31, 2024) amounted to 0.19 USD. The dividends are paid quarterly.
MARB shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Feb 4, 2020, and its management style is Active.
MARB expense ratio is 1.74% meaning you'd have to pay 1.74% of your investment to help manage the fund.
MARB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MARB invests in cash.
and its yearly performance shows a 3.86% increase. See more dynamics on MARB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.20% over the last month, have fallen by −0.20% over the last month, showed a 1.88% increase in three-month performance and has increased by 5.70% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.20% over the last month, have fallen by −0.20% over the last month, showed a 1.88% increase in three-month performance and has increased by 5.70% in a year.
MARB trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.