Summary
First Trust Merger Arbitrage ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 509. The ten largest make up 114% of the fund.
- Yearly costs
- 0.95%
- Fund size
- $14.8M
- Positions
- 509
- Dividend yield
- 6.10%
- Running since
- 2020
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 114% of the fund, so its result rests on a few names.
- Costs of 0.95% a year are above the middle of comparable funds (0.74%).
- A small fund with $14.8M under management; small funds get closed more often.
- It trades little: only about $249.9K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.9%
- 3 months
- +0.2%
- This year
- +2.1%
- 1 year
- +3.9%
- 3 years
- +4.6%
- 5 years
- +6.5%
- Avg. market cap
- $168.8B
- P/E
- 19.0x
- Forward P/E
- 15.0x
- P/S
- 2.1x
- P/B
- 4.5x
- P/FCF
- 13.1x
- EV/EBITDA
- 12.7x
- Dividend yield
- 1.44%
- ROIC
- 31.6%
- ROE
- 53.6%
- Gross margin
- 51.3%
- Operating margin
- 26.0%
- Net margin
- 19.6%
- Payout ratio
- 27.3%
- Net debt/EBITDA
- 0.7x
- Beta
- 0.04
Weighted average of the 50 largest companies, which make up 69% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 US Dollar 98%
- 2 MTMettler-Toledo MTD 1.9%
- 3 MOAltria MO 1.8%
- 4 HLHilton Worldwide Holdings Inc. HLT 1.8%
- 5 SKSkyward Specialty Insurance Group, Inc. SKWD 1.8%
- 6 KMKennametal Inc. KMT 1.8%
- 7 EXExpeditors International of Washington EXPD 1.7%
- 8 MSMSCI MSCI 1.7%
- 9 QLQualys, Inc. QLYS 1.6%
- 10 MCMoody's MCO 1.6%
Positions in the fund: 509. The ten largest make up 114% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Financials 12%
- Consumer cyclical 8.0%
- Industrials 7.2%
- Technology 7.2%
- Healthcare 2.6%
- Other 83%
By country
- United States 15%
- Ireland 2.1%
- Netherlands 1.4%
- Luxembourg 0.7%
- Other countries 82%
By company size
- Mega cap 5.5%
- Large cap 45%
- Mid cap 41%
- Small cap 8.5%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Financials (12%). Largest country: United States (15%). Largest size group: Large cap (45%).
What does it cost me?
Expensive- A year from $10,000
- $95.00
- Over 20 years
- $4,410
From every $10,000 invested the fund takes $95.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,410.
How has it done?
Growing slowly- A year on average, 5 years
- +1.3%
- Deepest drop
- -8.4%
- Yearly volatility
- 9.6%
Average yearly growth over the last five years: 1.3%. Deepest drop in these years: 8.4% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 6.10%
- Payments a year
- 2
- Last payment
- $1.16
Over the last 12 months it paid $1.29 per share, which is 6.10% of today's price. The last payment was $1.16 on Sep 24, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $249.9K
- Shares a day
- 12K
On an average day about $249.9K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 19.0
- Average Bulios Score
- 72 out of 100
Weight by Bulios Fair Price
- Undervalued 19%
- Fairly valued 15%
- Overvalued 66%
On average the companies inside trade for 19.0 times their yearly profit. By Fair Price, 66% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 69% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
RO ROE Astoria US Equal Weight Quality Kings ETF | United States | 0.49% | $200.5M | +25% | Pays out | 27% |
SU SURE AdvisorShares Insider Advantage ETF | United States | 1.00% | $57.8M | +24% | Pays out | 27% |
HQ HQGO Hartford US Quality Growth ETF | United States | 0.34% | $50.0M | +14% | Pays out | 25% |
OU OUSM ALPS O'Shares U.S. Small-Cap Quality Dividend ETF | United States | 0.48% | $796.9M | +7.7% | Pays out | 25% |
JQ JQUA JPMorgan U.S. Quality Factor ETF | United States | 0.12% | $9.19B | +20% | Pays out | 25% |
FQ FQAL Fidelity Quality Factor ETF | United States | 0.15% | $1.41B | +14% | Pays out | 24% |