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Trending ETFs

First Trust Vivaldi Merger Arbitrage ETF

Active ETF
MARB
Payout Change
None
Price as of:
$19.84 +0.01 +0.05%
primary theme
N/A
MARB (ETF)

First Trust Vivaldi Merger Arbitrage ETF

Payout Change
None
Price as of:
$19.84 +0.01 +0.05%
primary theme
N/A
MARB (ETF)

First Trust Vivaldi Merger Arbitrage ETF

Payout Change
None
Price as of:
$19.84 +0.01 +0.05%
primary theme
N/A

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$19.84

$8.93 M

0.00%

2.23%

Vitals

YTD Return

0.8%

1 yr return

2.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$8.93 M

Holdings in Top 10

71.2%

52 WEEK LOW AND HIGH

$19.8
$19.30
$19.95

Expenses

OPERATING FEES

Expense Ratio 2.23%

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

Investment Style

Event Driven


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$19.84

$8.93 M

0.00%

2.23%

MARB - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    First Trust Vivaldi Merger Arbitrage ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Feb 04, 2020
  • Shares Outstanding
    450002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Murphy

Fund Description

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.


MARB - Performance

Return Ranking - Trailing

Period MARB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -11.6% 15.8% 71.00%
1 Yr 2.1% -33.0% 41.7% 74.76%
3 Yr N/A* -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 (%)
2021 0.3% -31.7% 23.2% N/A
2020 N/A -20.7% 10.7% N/A
2019 N/A -12.4% 14.7% N/A
2018 N/A -13.2% 12.9% N/A
2017 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 1.2% -11.7% 15.8% 71.00%
1 Yr 2.1% -33.0% 41.7% 69.90%
3 Yr N/A* -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 (%)
2021 0.3% -31.7% 23.2% N/A
2020 N/A -20.7% 10.7% N/A
2019 N/A -12.4% 14.7% N/A
2018 N/A -12.7% 12.9% N/A
2017 N/A -11.5% 13.2% N/A

MARB - Holdings

Concentration Analysis

MARB Category Low Category High MARB % Rank
Net Assets 8.93 M 105 K 12.6 B 84.62%
Number of Holdings 34 5 2526 94.23%
Net Assets in Top 10 204 K -619 M 6.53 B 82.69%
Weighting of Top 10 71.24% 7.6% 96.1% 20.73%

Top 10 Holdings

  1. Athene Holding Ltd Class A 15.19%
  2. Apollo Global Management Inc Class A 15.07%
  3. Aon PLC 9.96%
  4. Willis Towers Watson PLC 9.70%
  5. Advanced Micro Devices Inc 9.40%
  6. Anworth Mortgage Asset Corp 9.11%
  7. Xilinx Inc 8.79%
  8. Livongo Health Inc 8.18%
  9. Advanced Disposal Services Inc 7.92%
  10. PRGX Global Inc 7.87%

Asset Allocation

Weighting Return Low Return High MARB % Rank
Cash
60.29% -225.56% 102.75% 39.42%
Stocks
39.71% -57.09% 325.56% 28.85%
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
Financial Services
39.49% 0.00% 98.37% 13.98%
Technology
36.32% 0.00% 100.00% 9.68%
Real Estate
10.25% 0.00% 93.91% 5.38%
Consumer Defense
4.56% 0.00% 30.58% 81.72%
Healthcare
4.32% 0.00% 27.28% 54.84%
Industrials
2.56% 0.00% 27.58% 90.32%
Basic Materials
1.31% 0.00% 42.74% 90.32%
Communication Services
1.21% 0.00% 33.72% 88.17%
Utilities
0.00% 0.00% 66.28% 30.11%
Energy
0.00% 0.00% 53.30% 84.95%
Consumer Cyclical
0.00% 0.00% 29.06% 91.40%

Stock Geographic Breakdown

Weighting Return Low Return High MARB % Rank
US
39.71% -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 2.23% 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 0.00% 0.00% 0.75% 26.92%

Dividend Distribution Analysis

MARB Category Low Category High Category Mod
Dividend Distribution Frequency Annually 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

Dividend Payout History

View More +

MARB - Fund Manager Analysis

Managers

Brian Murphy


Start Date

Tenure

Tenure Rank

Feb 04, 2020

2.24

2.2%

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

2.24

2.2%

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

2.24

2.2%

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