Key stats
About First Trust Merger Arbitrage ETF
Expense ratio
1.80%
Home page
Inception date
Feb 4, 2020
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
Finance
Technology Services
Cash
Stocks62.80%
Finance11.70%
Technology Services11.63%
Health Technology6.80%
Retail Trade4.50%
Health Services3.24%
Consumer Services3.04%
Commercial Services2.77%
Non-Energy Minerals2.44%
Energy Minerals2.33%
Process Industries2.03%
Industrial Services2.01%
Bonds, Cash & Other37.20%
Cash56.83%
Miscellaneous−19.63%
Top 10 holdings
Dividends
Dividend payout history