Welcome to our dedicated page for First Trust Merger Arbitrage ETF news (Ticker: MARB), a resource for investors and traders seeking the latest updates and insights on First Trust Merger Arbitrage ETF stock.
First Trust Merger Arbitrage ETF (MARB) news covers fund-level developments for a NYSE Arca-listed exchange-traded fund. Company announcements address investment strategy changes, name and ticker-related matters, investment policy language, and other administrative updates tied to the fund's structure as a series of First Trust Exchange-Traded Fund III.
MARB-related communications also reference ETF-specific information such as daily closing price, net asset value per share, fund expenses, risk disclosures, and shareholder materials issued through the First Trust fund platform.
First Trust Merger Arbitrage ETF (NYSE Arca: MARB) is expected to implement previously announced changes to its investment strategies, name and related matters in late June 2026. First Trust Advisors, the investment advisor, reports approximately $342 billion in assets under management or supervision as of April 30, 2026.
Investors are urged to review the Fund’s prospectus for objectives, risks, charges and expenses, and are reminded that statements about future events are forward-looking and subject to risks and uncertainties.
First Trust (NYSE Arca: MARB) will convert the First Trust Merger Arbitrage ETF to the First Trust Equity Market Neutral ETF (ticker NTRL), expected early in Q2 2026. The Fund will shift from a merger arbitrage strategy to an equity market neutral approach, investing at least 80% of net assets in derivatives, U.S. equity ETFs and U.S. exchange-listed equities, seeking approximately 150%–250% gross exposure to both long and short positions. The Fund's annual unitary management fee will be reduced to 0.95%. Portfolio management will move to the First Trust Alternatives Investment Team and the Fund will no longer have a sub-advisor.
On November 5, 2021, shareholders of First Trust Merger Arbitrage ETF (NYSE Arca: MARB) approved a new investment sub-advisory agreement with First Trust Capital Management L.P. (FTCM). This agreement follows the creation of a joint venture between Vivaldi Holdings and First Trust Capital Partners, which resulted in Vivaldi Asset Management transitioning to FTCM. As investment sub-advisor, FTCM is tasked with managing the Fund's portfolio, while First Trust Advisors L.P. continues its role as the main investment advisor.
Summary not available.