Key stats
About First Trust Merger Arbitrage ETF
Expense ratio
1.80%
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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
What's in the fund
Exposure type
Cash
Stocks56.18%
Health Technology8.39%
Technology Services8.28%
Energy Minerals7.69%
Finance6.51%
Retail Trade5.43%
Health Services3.85%
Non-Energy Minerals2.97%
Industrial Services2.08%
Commercial Services1.29%
Bonds, Cash & Other43.82%
Cash64.66%
Miscellaneous−20.84%