The First Trust Merger Arbitrage ETF's investment objective is to seek to provide investors with capital appreciation. 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.

Electronic Arts Inc.

Global Business Travel Group, Inc.

Select Medical Holdings Corporation

Avanos Medical, Inc.

Talkspace, Inc.

Brighthouse Financial, Inc.

Catalyst Pharmaceuticals, Inc.

Clearwater Analytics Holdings, Inc.

Clear Channel Outdoor Holdings, Inc.

Kennedy-Wilson Holdings, Inc.

Healthcare

Communication Services

Financial Services

Technology

Real Estate

Cash & Others

First Trust Merger Arbitrage ETF

MARB Holdings & Sector Breakdown