The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Pioneer Natural Resource Co (NYSE:PXD), Splunk (NASDAQ:SPLK), Alteryx (NYSE:AYX).
The investment seeks returns that are largely uncorrelated with the returns of the general stock market, and capital appreciation.
Under normal market conditions, the fund's adviser intends to invest in equity securities (publicly-traded common stock and preferred stock) and derivatives thereof of companies that are involved in a significant corporate event, such as a merger or acquisition. Investments in companies undergoing a merger or acquisition have both risk and return characteristics that are different from the risks of investing in the general stock market. It may invest in equity securities of any market capitalization.
The average market capitalization across the FirstTrust Merger Arbitrage Cl A MF is 50.17B. The market cap for tickers in the group ranges from 997.5M to 414.25B. XOM holds the highest valuation in this group at 414.25B. The lowest valued company is SCRM at 997.5M.
The average weekly volume growth across all stocks in the FirstTrust Merger Arbitrage Cl A MF was -45%. For the same stocks of the MF, the average monthly volume growth was -34% and the average quarterly volume growth was 37%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 69
P/E Growth Rating: 52
Price Growth Rating: 49
SMR Rating: 66
Profit Risk Rating: 59
Seasonality Score: -60 (-100 ... +100)