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The Merger Fund® Investor Class (MERFX)

15.73
Net Asset Value
0.00%
1 Day
+0.45%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.90%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital growth by engaging in merger arbitrage. Under normal market conditions, 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. Merger arbitrage is a highly specialized investment approach generally designed to profit from the successful completion of such transactions.

Performance

1 month0.00% 3 years+1.09%
3 months+0.32% 5 years+1.93%
1 year+2.34% Since inception+6.17%
Data through --

Peer Comparisonvs. Market neutral

 MERFXCategory
Performance 5-yr return+1.93%+1.52%
Expense ratio1.90%1.63%
Risk 5 year sharpe ratio0.730.35
Net assets$2.9B$425.9M
Average market cap$13.9B$31.2B
Average P/E21.520.4
Portfolio turnover182%182%

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Fund Management and Purchase Info

Fund familyWestchester Capital
Fund manager & tenureRoy Behren / 10 Years
Minimal initial investment$2,000.00
Minimum IRA investment--

Holdings

U.S. stock59.35%
Cash36.56%
Fixed income3.70%
International stock1.35%
Other0.00%
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
YHOO Yahoo!4.09%
-- 3.76%
-- 3.41%
BABA Alibaba Group Holding Ltd3.29%
-- 3.05%
-- 2.80%
NXPI NXP Semiconductors NV2.67%
-- 2.59%
ENH Endurance Specialty Holdings Ltd2.45%
-- 2.44%

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