First Trust Merger Arbitrage ETFFirst Trust Merger Arbitrage ETFFirst Trust Merger Arbitrage ETF

First Trust Merger Arbitrage ETF

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Key stats


Assets under management (AUM)
‪35.24 M‬USD
Fund flows (1Y)
‪4.01 M‬USD
Dividend yield (indicated)
1.71%
Discount/Premium to NAV
Shares outstanding
‪1.70 M‬
Expense ratio
1.74%

About First Trust Merger Arbitrage ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Feb 4, 2020
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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.

Broaden your horizons with more funds linked to MARB via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Merger arbitrage
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
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
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MARB trades at 20.72 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on MARB price chart.
MARB net asset value is 20.72 today — it's fallen 0.20% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MARB assets under management is ‪35.24 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MARB invests in cash. See more details in our Analysis section.
MARB expense ratio is 1.74%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MARB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MARB technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MARB shows the buy signal. See more of MARB technicals for a more comprehensive analysis.
Yes, MARB pays dividends to its holders with the dividend yield of 1.71%.
MARB trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MARB shares are issued by AJM Ventures LLC
MARB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 4, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.