MARB

First Trust Merger Arbitrage ETF
*Unless otherwise stated, data provided by FactSet.

MARB Fund Description

MARB is an actively-managed global fund that uses a merger arbitrage strategy to long takeover target and short the acquiring company.

MARB Factset Analytics Insight

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 target’s 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 merger’s completion and certain risks that may affect its likelihood. MARB may hold cash or cash equivalents if the aforesaid investment criteria are not satisfied.

MARB MSCI ESG Analytics Insight

First Trust Merger Arbitrage ETF has an MSCI ESG Fund Rating of BB based on a score of 3.15 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Merger Arbitrage ETF ranks in the 10th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MARB Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Compare
Reset
Select ETFs to compare their performance:
PERFORMANCE [as of 05/27/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MARB -2.07% -2.66% -- -- -- -- --
ticker (NAV) -2.03% -2.69% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MARB Summary Data

First Trust
02/04/20
Open-Ended Fund
1.94%
--
$21.60K
0.32%

MARB Portfolio Data

Merger Arbitrage
--
N/A
0

MARB Index Data

No Underlying Index
Proprietary
Proprietary
N/A

MARB Portfolio Management

1.94%
--
--
--

MARB Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MARB Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MARB Factset Analytics Block Liquidity

As of 05/28/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MARB. MARB is rated a N/A out of 5.

MARB Tradability

1,134
$21.60K
493
$9.59K
0.32%
$0.06
0.06%
0.52% / -0.57%
None
--
50,000
0.01
0.03%
--
0
$19.44
N/A

MARB Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MARB Top 5 Holdings Short

--

MARB Performance Statistics

--
3.16%
-3.81%
-0.03
-0.03
-2.30
13.20

MARB Correlations (Daily Returns 12 Mo)

--
--
--

MARB MSCI ESG Ratings

3.15 / 10
--
10.27
4.71%
1.34%
393.76