Merger Fund (MERFX)

16.09
Net Asset Value
0.00%
1 Day
+0.50%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.87%
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.

Performance

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

 MERFXCategory
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%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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

Holdings

U.S. stock54.36%
Cash37.47%
International stock6.82%
Fixed income3.80%
Other0.53%
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%

To view my watchlist

Not a member yet?

Sign up now for a free account

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.