Summary
First Trust Merger Arbitrage ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 429. The ten largest make up 115% of the fund.
- Yearly costs
- 0.95%
- Fund size
- $15.7M
- Positions
- 429
- Dividend yield
- 6.32%
- Running since
- 2020
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 115% of the fund, so its result rests on a few names.
- Costs of 0.95% a year are above the middle of comparable funds (0.71%).
- A small fund with $15.7M under management; small funds get closed more often.
- It trades little: only about $242.6K 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
- -0.9%
- 3 months
- -5.8%
- This year
- -1.2%
- 1 year
- -1.2%
- 3 years
- +1.9%
- 5 years
- +4.3%
- Avg. market cap
- $157.2B
- P/E
- 17.7x
- Forward P/E
- 13.5x
- P/S
- 1.1x
- P/B
- 3.1x
- P/FCF
- 10.0x
- EV/EBITDA
- 13.5x
- Dividend yield
- 1.33%
- ROIC
- 21.1%
- ROE
- 52.8%
- Gross margin
- 56.4%
- Operating margin
- 21.9%
- Net margin
- 15.6%
- Payout ratio
- 23.4%
- Net debt/EBITDA
- 0.9x
- Beta
- 0.04
Weighted average of the 50 largest companies, which make up 72% 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 101%
- 2 IDIDEXX Laboratories IDXX 1.7%
- 3 ICICON ICLR 1.6%
- 4 HRH&R Block HRB 1.6%
- 5 FTFrontdoor FTDR 1.6%
- 6 WDWD-40 Company WDFC 1.6%
- 7 MAMasco MAS 1.6%
- 8 NBNeurocrine Biosciences NBIX 1.6%
- 9 FAFirst Advantage Corporation FA 1.5%
- 10 DVDaVita DVA 1.5%
Positions in the fund: 429. The ten largest make up 115% of it.
Composition as of Nov 6, 2026.
Where is it spread?
Spread outBy sector
- Consumer cyclical 6.9%
- Industrials 5.3%
- Energy 4.5%
- Healthcare 3.7%
- Financials 2.4%
- Other 94%
By country
- United Kingdom 1.7%
- Ireland 1.4%
- Netherlands 1.4%
- United States 1.0%
- Other countries 94%
By company size
- Mega cap 4.1%
- Large cap 42%
- Mid cap 44%
- Small cap 9.7%
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: Consumer cyclical (6.9%). Largest country: United Kingdom (1.7%). Largest size group: Mid cap (44%).
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
- +0.9%
- Deepest drop
- -8.4%
- Yearly volatility
- 9.7%
Average yearly growth over the last five years: 0.9%. Deepest drop in these years: 8.4% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 6.32%
- Payments a year
- 2
- Last payment
- $1.16
Over the last 12 months it paid $1.29 per share, which is 6.32% 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
- $242.6K
- Shares a day
- 12K
On an average day about $242.6K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 17.7
- Average Bulios Score
- 71 out of 100
Weight by Bulios Fair Price
- Undervalued 43%
- Fairly valued 5.9%
- Overvalued 51%
On average the companies inside trade for 17.7 times their yearly profit. By Fair Price, 51% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 72% 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 | ||
|---|---|---|---|---|---|---|
FL FLOW Global X U.S. Cash Flow Kings 100 ETF | United States | 0.25% | $35.6M | +31% | Pays out | 25% |
SU SURE AdvisorShares Insider Advantage ETF | United States | 0.98% | $58.3M | +26% | Pays out | 25% |
AE AEMG Harbor AlphaEdge Mid Cap Growth ETF | United States | 0.38% | $1.75M | - | - | 23% |
US USMF WisdomTree U.S. Multifactor Fund | United States | 0.28% | $241.1M | -4.1% | Pays out | 23% |
CA CALF Pacer US Small Cap Cash Cows ETF | United States | 0.59% | $3.79B | +31% | Pays out | 23% |
GF GFLW Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF | United States | 0.42% | $1.07B | +4.7% | - | 22% |