MARB vs. JPST ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to JPMorgan Ultra-Short Income ETF (JPST)

MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks 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. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.56

Average Daily Volume

23,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.45

Average Daily Volume

3,797,718

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	MARB	JPST
30 Days	-0.61%	0.46%
60 Days	0.10%	0.52%
90 Days	-1.56%	0.86%
12 Months	0.27%	3.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in MARB	Weight in JPST	Overlap
	COF	D	-3.66%	0.04%	-3.66%

MARB Overweight 28 Positions Relative to JPST

Symbol	Grade	Weight
ACI	F	5.01%
AMED	F	4.63%
EDR	A	4.55%
AXNX	B	4.05%
HCP	A	3.59%
X	F	3.55%
AMK	B	3.55%
ANSS	D	3.53%
JNPR	B	3.39%
HTLF	B	3.34%
DFS	B	3.24%
CERE	D	3.05%
HES	C	3.04%
VZIO	B	2.97%
CTLT	B	2.96%
ETRN	C	2.91%
CHX	C	2.67%
PRFT	B	2.54%
MGRC	D	2.35%
NWLI	A	2.12%
CPRI	F	1.32%
PFS	F	-0.05%
WSC	F	-0.98%
SNPS	B	-2.39%
EQT	D	-2.99%
CVX	C	-3.42%
UMBF	C	-3.56%
SLB	C	-4.05%

MARB Underweight 111 Positions Relative to JPST

Symbol	Grade	Weight
CASH	B	-2.2%
TMO	D	-0.74%
AZN	A	-0.57%
EQH	A	-0.35%
KDP	A	-0.31%
CCEP	A	-0.3%
ATO	B	-0.3%
MCD	D	-0.29%
LDOS	A	-0.26%
BXMT	C	-0.25%
SNX	C	-0.23%
TDY	D	-0.22%
HART	A	-0.19%
BA	D	-0.18%
D	D	-0.17%
OGS	D	-0.17%
VZ	B	-0.16%
ETR	D	-0.16%
T	A	-0.14%
CNP	B	-0.14%
PXD	B	-0.13%
GILD	C	-0.13%
DB	D	-0.13%
CAG	C	-0.13%
AAPL	B	-0.12%
SO	B	-0.11%
WFC	D	-0.11%
VTRS	D	-0.1%
GM	B	-0.1%
FITB	C	-0.1%
HUM	C	-0.09%
WEC	D	-0.09%
MLM	D	-0.09%
JBHT	F	-0.09%
IFF	B	-0.08%
STT	C	-0.08%
DT	F	-0.08%
CI	C	-0.08%
NEM	B	-0.08%
DUK	C	-0.08%
KR	D	-0.07%
CFG	C	-0.07%
BX	B	-0.07%
HSBC	B	-0.07%
SBUX	F	-0.06%
BG	B	-0.06%
ACR	C	-0.06%
SEB	F	-0.06%
XOM	C	-0.06%
AEP	D	-0.05%
MS	B	-0.05%
AL	C	-0.05%
BHF	D	-0.04%
ORCL	B	-0.04%
KKR	B	-0.04%
MDLZ	D	-0.04%
ABBV	B	-0.04%
PL	D	-0.04%
ARES	C	-0.03%
CHD	C	-0.03%
R	B	-0.03%
ROP	A	-0.03%
NEE	B	-0.03%
BCC	D	-0.03%
BMO	D	-0.03%
HON	A	-0.02%
WLK	D	-0.02%
MSC	F	-0.02%
ETN	D	-0.02%
AZO	B	-0.02%
GSK	D	-0.02%
DIS	C	-0.02%
AER	A	-0.02%
BNS	D	-0.02%
EPD	A	-0.01%
ABT	C	-0.01%
PFE	C	-0.01%
IBM	B	-0.01%
ICE	A	-0.01%
MCO	A	-0.01%
DHR	C	-0.01%
CSL	B	-0.01%
BMY	D	-0.01%
PSX	C	-0.01%
SCHW	C	-0.01%
PNC	D	-0.01%
BK	B	-0.01%
UNH	D	-0.01%
MMM	B	-0.01%
AXP	C	-0.01%
CAT	C	-0.01%
PM	A	-0.01%
HBAN	C	-0.01%
ES	D	-0.01%
JXN	B	-0.01%
MET	C	-0.01%
UBS	B	-0.01%
BAC	B	-0.01%
RY	B	-0.01%
TFC	C	-0.01%
DE	D	-0.01%
KEY	C	-0.01%
MUFG	C	-0.01%
GS	B	-0.01%
NWG	B	-0.01%
TD	F	-0.01%
PFG	C	-0.01%
CM	C	-0.01%
USB	C	-0.01%
C	C	-0.01%
AIG	C	-0.01%