First Trust Exchange-Traded Fund III - First Trust Merger Arbitrage ETF

First Trust Exchange-Traded Fund III - First Trust Merger Arbitrage ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It is co-managed by First Trust Capital Management L.P. It invests in public equity markets of global region. It invests in event-driven/arbitrage stocks of companies operating across diversified sectors. It employs long/short strategy to create its portfolio. It employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the S&P Merger Arbitrage Total Return Index and the S&P 500 Index. First Trust Exchange-Traded Fund III - First Trust Merger Arbitrage ETF was formed on February 4, 2020 and is domiciled in the United States.