NTRL — First Trust Merger Arbitrage ETF
Data updated: 2026-06-23
NTRL — First Trust Merger Arbitrage ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Merger Arb / Event-Driven · $25.04M AUM · 0.95% expense ratio · 7.2% 1-yr return. From SEC regulatory filings.
NTRL Fund Overview
NTRL — First Trust Merger Arbitrage ETF is a US ETF managed by First Trust Exchange-Traded Fund III, categorised as Merger Arb / Event-Driven. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: First Trust Exchange-Traded Fund III
- Category: Merger Arb / Event-Driven
- Assets under management: $25.04M
- 1-year return: 7.2%
- Ticker: NTRL
- SEC CIK: 0001424212
- SEC series ID: S000067481
- Share class ID: C000216993
NTRL Holdings
Top 10 holdings of First Trust Merger Arbitrage ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Management Funds | 50.07% |
| Electronic Arts, Inc. | 4.21% |
| Select Medical Holdings Corp. | 4.01% |
| Masimo Corp. | 3.80% |
| Talkspace, Inc. | 3.77% |
| Peakstone Realty Trust | 3.77% |
| Csg Systems International, Inc. | 3.65% |
| Brighthouse Financial, Inc. | 3.56% |
| Clearwater Analytics Holdings, Inc. | 3.39% |
| Clear Channel Outdoor Holdings, Inc. | 3.29% |
NTRL Portfolio Allocation
Asset-class allocation of First Trust Merger Arbitrage ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 50.1% |
| Equity | 49.3% |
NTRL Performance
Total returns for NTRL (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 7.2% |
| 3 years (annualised) | 3.7% |
| 5 years (annualised) | 2.8% |
NTRL Risk Information
Risk metrics for NTRL, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
NTRL Costs and Fees
NTRL costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 195%
- Brokerage commissions: 8.16 bps of average net assets (SEC N-CEN)
NTRL Cashflows
Over the 12 months to 2026-04, First Trust Merger Arbitrage ETF had net outflows of $10.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$8.32M |
| 2026-03 | −$6.23M |
| 2026-02 | −$1.47K |
| 2026-01 | $3.10M |
| 2025-12 | $1.04M |
| 2025-11 | $0 |
NTRL Debt Constituents
No individual debt constituents are reported in First Trust Merger Arbitrage ETF's latest SEC N-PORT filing.
NTRL Prospectus and SEC Filings
Official First Trust Merger Arbitrage ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Merger Arb / Event-Driven funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.