First Trust Merger Arbitrage ETF
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
1.2%
3 Yr Avg Return
1.9%
5 Yr Avg Return
N/A
Net Assets
$50.4 M
Holdings in Top 10
50.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 280.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MARB - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.15%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Merger Arbitrage ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateFeb 04, 2020
-
Shares Outstanding1400002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Murphy
Fund Description
MARB - Performance
Return Ranking - Trailing
Period | MARB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -11.6% | 15.8% | 71.00% |
1 Yr | 1.2% | -33.0% | 41.7% | 74.76% |
3 Yr | 1.9%* | -10.5% | 13.4% | N/A |
5 Yr | N/A* | -4.8% | 11.1% | N/A |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | MARB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.1% | -31.7% | 23.2% | N/A |
2022 | 2.9% | -20.7% | 10.7% | N/A |
2021 | 0.3% | -12.4% | 14.7% | N/A |
2020 | N/A | -13.2% | 12.9% | N/A |
2019 | N/A | -11.7% | 7.9% | N/A |
Total Return Ranking - Trailing
Period | MARB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -11.7% | 15.8% | 71.00% |
1 Yr | 1.2% | -33.0% | 41.7% | 69.90% |
3 Yr | 1.9%* | -10.5% | 13.4% | N/A |
5 Yr | N/A* | -4.8% | 11.1% | N/A |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MARB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -31.7% | 23.2% | N/A |
2022 | 3.9% | -20.7% | 10.7% | N/A |
2021 | 0.3% | -12.4% | 14.7% | N/A |
2020 | N/A | -12.7% | 12.9% | N/A |
2019 | N/A | -11.5% | 13.2% | N/A |
MARB - Holdings
Concentration Analysis
MARB | Category Low | Category High | MARB % Rank | |
---|---|---|---|---|
Net Assets | 50.4 M | 105 K | 12.6 B | 84.62% |
Number of Holdings | 42 | 5 | 2526 | 94.23% |
Net Assets in Top 10 | 15.6 M | -619 M | 6.53 B | 82.69% |
Weighting of Top 10 | 50.26% | 7.6% | 96.1% | 20.73% |
Top 10 Holdings
- Dreyfus Government Cash Management 7.36%
- Heartland Financial USA Inc 6.15%
- HashiCorp Inc 5.51%
- AssetMark Financial Holdings Inc 4.98%
- Albertsons Cos Inc 4.89%
- Amedisys Inc 4.86%
- Endeavor Group Holdings Inc 4.59%
- Axonics Inc 4.03%
- Nuvei Corp 4.02%
- United States Steel Corp 3.85%
Asset Allocation
Weighting | Return Low | Return High | MARB % Rank | |
---|---|---|---|---|
Stocks | 63.13% | -57.09% | 325.56% | 28.85% |
Cash | 36.87% | -225.56% | 102.75% | 39.42% |
Preferred Stocks | 0.00% | 0.00% | 5.67% | 48.08% |
Other | 0.00% | -11.90% | 43.69% | 53.85% |
Convertible Bonds | 0.00% | 0.00% | 95.47% | 58.65% |
Bonds | 0.00% | -1.04% | 63.30% | 59.62% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MARB % Rank | |
---|---|---|---|---|
Technology | 30.65% | 0.00% | 100.00% | 9.68% |
Financial Services | 27.41% | 0.00% | 98.37% | 13.98% |
Healthcare | 12.81% | 0.00% | 27.28% | 54.84% |
Consumer Cyclical | 7.16% | 0.00% | 29.06% | 91.40% |
Consumer Defense | 6.81% | 0.00% | 30.58% | 81.72% |
Industrials | 6.78% | 0.00% | 27.58% | 90.32% |
Utilities | 3.45% | 0.00% | 66.28% | 30.11% |
Energy | 3.39% | 0.00% | 53.30% | 84.95% |
Communication Services | 1.54% | 0.00% | 33.72% | 88.17% |
Real Estate | 0.00% | 0.00% | 93.91% | 5.38% |
Basic Materials | 0.00% | 0.00% | 42.74% | 90.32% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MARB % Rank | |
---|---|---|---|---|
US | 63.13% | -55.82% | 325.56% | 29.81% |
Non US | 0.00% | -7.09% | 86.98% | 23.08% |
MARB - Expenses
Operational Fees
MARB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.80% | 0.73% | 9.52% | 51.46% |
Management Fee | 1.25% | 0.13% | 1.65% | 72.12% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.39% |
Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
MARB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MARB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MARB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 280.00% | 30.00% | 483.00% | 38.20% |
MARB - Distributions
Dividend Yield Analysis
MARB | Category Low | Category High | MARB % Rank | |
---|---|---|---|---|
Dividend Yield | 3.25% | 0.00% | 0.75% | 26.92% |
Dividend Distribution Analysis
MARB | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
MARB | Category Low | Category High | MARB % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.15% | -2.49% | 4.20% | 98.06% |
Capital Gain Distribution Analysis
MARB | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.162 | OrdinaryDividend |
Jun 27, 2024 | $0.065 | OrdinaryDividend |
Dec 22, 2023 | $0.148 | OrdinaryDividend |
Sep 22, 2023 | $0.249 | OrdinaryDividend |
Jun 27, 2023 | $0.046 | OrdinaryDividend |
Dec 23, 2022 | $0.200 | OrdinaryDividend |
MARB - Fund Manager Analysis
Managers
Brian Murphy
Start Date
Tenure
Tenure Rank
Feb 04, 2020
2.32
2.3%
Mr. Brian Murphy serves as Portfolio Manager at Vivaldi Capital Management. Brian joined Vivaldi as a Senior Research Analyst on the investment team with a particular focus on Vivaldi's alternatives portfolios. Brian is responsible for all aspects of the investment process, including investment sourcing, evaluation, and monitoring. He is also a member of the firm's investment committee. Brian has eight years of alternatives investment experience at both multi-manager and single strategy hedge funds, with a particularly deep background in long/short equity and derivatives trading strategies. Prior to joining Vivaldi, Brian was a Director for Voyager Management, a fund of hedge funds firm. He received his B.S. in Finance from Miami University in Oxford, OH.
Michael Peck
Start Date
Tenure
Tenure Rank
Feb 04, 2020
2.32
2.3%
Michael Peck is President and Co-Chief Investment Officer and responsible for all portfolio management as well as creating and implementing the strategic vision of the firm. Prior to Vivaldi, Michael was a Portfolio Manager at Coe Capital Management, a Chicago-based registered investment adviser and also a Financial Analyst and Risk Manager for Bond Companies. Michael graduated from Lehigh University with a Bachelor of Science in Accounting. He also holds a Masters in Finance and a Master’s in Business Administration in both Finance & Real Estate from DePaul University and is a Chartered Financial Analyst (CFA) charter holder.
Michael Grayson
Start Date
Tenure
Tenure Rank
Feb 04, 2020
2.32
2.3%
Mr. Grayson is a Portfolio Manager at Vivaldi and is focused on the firm’s investment management efforts, particularly with respect to the merger arbitrage strategies. Mr. Grayson helps design and manage Vivaldi’s product development efforts to expand the firm’s 1940 Act asset management business. He also leads the effort to convey the firm’s strategies and investment theses to underlying Vivaldi clients in one-on-one advisor meetings/calls, alongside the distribution team, to support the growth and scale of the broader platform. Mr. Grayson holds a B.A. from Colgate University where he studied Political Science and Economics and was a member of the Men’s Division I Varsity Golf Team.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.59 | 6.3 | 9.42 |