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Upturn AI SWOT - About
First Trust Vivaldi Merger Arbitrage ETF (MARB)
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Upturn Advisory Summary
06/30/2025: MARB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type ETF | Historic Profit -0.92% | Avg. Invested days 36 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.04 | 52 Weeks Range 18.73 - 22.33 | Updated Date 06/30/2025 |
52 Weeks Range 18.73 - 22.33 | Updated Date 06/30/2025 |
Upturn AI SWOT
First Trust Vivaldi Merger Arbitrage ETF
ETF Overview
Overview
The First Trust Vivaldi Merger Arbitrage ETF (MNA) seeks to generate positive returns through investments in companies involved in announced mergers, acquisitions, tender offers, or other corporate reorganizations.
Reputation and Reliability
First Trust Portfolios L.P. is a well-established ETF provider known for offering innovative investment strategies.
Management Expertise
First Trust has a dedicated team experienced in alternative investment strategies, including merger arbitrage.
Investment Objective
Goal
To seek total return, consisting of capital appreciation and current income.
Investment Approach and Strategy
Strategy: The ETF employs a merger arbitrage strategy, investing in companies subject to corporate events, aiming to profit from the spread between the pre-deal and post-deal price.
Composition The ETF primarily holds common stock of companies involved in announced mergers, acquisitions, and other corporate reorganizations.
Market Position
Market Share: Data unavailable or difficult to determine precisely due to the niche nature of the merger arbitrage ETF market.
Total Net Assets (AUM): 105513022
Competitors
Key Competitors
- CSH
- IQ Merger Arbitrage ETF (MNA)
Competitive Landscape
The merger arbitrage ETF market is relatively niche. MNA offers a focused strategy, but faces competition from ETFs with broader mandates. Advantages of MNA include specialized expertise. Disadvantages may involve higher volatility and dependence on deal closings.
Financial Performance
Historical Performance: Historical performance data requires specific time periods for accurate representation and can be found on financial websites.
Benchmark Comparison: Benchmark comparison is difficult due to the lack of a direct merger arbitrage index. Performance should be compared against other alternative investment strategies.
Expense Ratio: 0.0075
Liquidity
Average Trading Volume
The average trading volume of MNA varies but is generally moderate, sufficient for most investors.
Bid-Ask Spread
The bid-ask spread is typically relatively tight, reflecting the ETF's liquidity and efficient trading.
Market Dynamics
Market Environment Factors
Merger arbitrage performance is influenced by factors like interest rates, regulatory environment, and overall deal activity.
Growth Trajectory
The ETF's growth depends on the volume and success rate of mergers and acquisitions.
Moat and Competitive Advantages
Competitive Edge
MNA benefits from First Trust's expertise and dedicated research team in merger arbitrage strategies. It offers a pure-play exposure to announced deals, allowing investors to capitalize on deal spreads. Its competitive advantage also lies in the ETF structure, providing liquidity and diversification compared to direct investments. However, the ETF's success hinges on accurately assessing deal probabilities.
Risk Analysis
Volatility
The ETF's volatility is moderate but can spike during periods of increased market uncertainty or deal failures.
Market Risk
The ETF faces deal-specific risk (deals falling through), regulatory risk, and interest rate risk, affecting deal financing.
Investor Profile
Ideal Investor Profile
MNA is suitable for sophisticated investors seeking diversification in alternative investment strategies and a hedge against equity market downturns.
Market Risk
MNA is better suited for long-term investors who understand the risks associated with merger arbitrage strategies.
Summary
The First Trust Vivaldi Merger Arbitrage ETF (MNA) offers exposure to the merger arbitrage space, aiming to profit from announced deals. MNA is managed by First Trust. Its performance is heavily reliant on the success of mergers and acquisitions. While offering portfolio diversification and a hedge against equity market volatility, it presents deal-specific, regulatory, and interest rate risks.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust website
- ETF.com
- Morningstar
Disclaimers:
Data is for informational purposes only and not investment advice. Past performance is not indicative of future results. Consult with a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Vivaldi Merger Arbitrage ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.