Merger Fund (MERFX)

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital growth by engaging in merger arbitrage. The fund invests at least 80% of its total assets principally in the common stock, preferred stock and, occasionally, warrants of companies which are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.


1 month+0.25% 3 years+2.19%
3 months+0.56% 5 years+3.74%
1 year+4.06% Since inception+6.77%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+3.74%+2.00%
Expense ratio1.87%1.79%
Risk 5 year sharpe ratio1.490.44
Net assets$5.2B$704.3M
Average market cap$15.8B$18.4B
Average P/E10.116.2
Portfolio turnover194%194%

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Fund Management and Purchase Info

Fund familyMerger
Fund manager & tenureRoy Behren / 7 Years
Minimal initial investment$2,000.00
Minimum IRA investment$2,000.00


U.S. stock54.36%
International stock6.82%
Fixed income3.80%
Top 5 Sectors
Portfolio weighting
Industrial materials 22.94%
Healthcare 20.47%
Telecommunication 11.34%
Consumer goods 10.14%
Business service 4.52%
Top 10 Holdings
Portfolio weighting
-- Publicis Groupe Swap (Baml)3.79%
OMC Omnicom Group, Inc.3.79%
-- Life Technologies Corp3.48%
-- Invensys Plc Swap (Jpm)3.06%
LAMR Lamar Advertising Co Class A2.93%
AIG American International Group Inc2.66%
TMUS T-Mobile US Inc2.65%
GM General Motors Co2.56%
HUN Huntsman Corporation2.31%
VOD Vodafone Group PLC ADR2.08%

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