First Trust Merger Arbitrage ETF (MARB)
20.01
+0.15
(+0.76%)
USD |
NYSEARCA |
Mar 24, 16:00
19.97
-0.04
(-0.20%)
After-Hours: 20:00
Key Stats
| Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 1.87% | 0.14% | 92.56M | 60384.73 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (All) |
| 1.00% | 246.0% | 91.17M | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts ("ADRs"). The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | First Trust |
| Prospectus Benchmark Index | |
| HFRI Merger Arbitrage | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Brian Murphy | 3.07 yrs |
| Michael Grayson | 3.07 yrs |
| Michael Peck | 3.07 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
14
91.17M
-857.36M
Category Low
1.619B
Category High
3 Months
% Rank:
--
--
Category Low
--
Category High
3 Years
% Rank:
--
--
Category Low
--
Category High
6 Months
% Rank:
--
--
Category Low
--
Category High
5 Years
% Rank:
--
--
Category Low
--
Category High
YTD
% Rank:
--
--
Category Low
--
Category High
10 Years
% Rank:
--
--
Category Low
--
Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 24, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 24, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Horizon Therapeutics PLC | 5.94% | 108.52 | 0.67% |
| Albertsons Companies Inc Class A | 5.09% | 20.19 | 1.46% |
| Evoqua Water Technologies Corp | 5.03% | 46.83 | 1.36% |
| Focus Financial Partners Inc Class A | 5.02% | 51.63 | 0.14% |
| ForgeRock Inc Class A | 3.84% | 20.42 | 0.74% |
| TravelCenters Of America Inc | 3.60% | 86.23 | -0.02% |
| Atlas Corp | 3.55% | 15.48 | 0.72% |
| Sumo Logic Inc Ordinary Shares | 3.53% | 11.90 | 0.00% |
| Argo Group International Holdings Ltd | 3.52% | 29.00 | 0.35% |
| Lakeland Bancorp Inc | 3.08% | 16.10 | 3.60% |
News
Headline
Wire
Time (ET)
Basic Info
| Investment Strategy | |
| The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts ("ADRs"). The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | First Trust |
| Prospectus Benchmark Index | |
| HFRI Merger Arbitrage | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Brian Murphy | 3.07 yrs |
| Michael Grayson | 3.07 yrs |
| Michael Peck | 3.07 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-24-23) | 1.00% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 15.52 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of March 24, 2023
Fund Details
| Key Dates | |
| Inception Date | 2/4/2020 |
| Last Annual Report Date | 7/31/2022 |
| Last Prospectus Date | 12/1/2022 |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |
News
Headline
Wire
Time (ET)