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The Merger Fund - Class A: (MF: MERFX)
(NASDAQ Mutual Funds) As of Apr 30, 2024 08:00 PM ET
$17.07 USD
-0.03 (-0.18%)
Zacks MF Rank
2-Buy of 5 2
Fund Description
The fund was incepted in January 1989 and is managed by Westchester Capital Management, Inc. The fund seeks capital growth through merger arbitrage, including the selective use of short sales and put and call options to hedge positions. The fund may invest at least 80% of its assets principally in the equity securities of companies, which are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Merger arbitrage is a highly specialized investment approach generally designed to profit from the successful completion of such transactions. Dividends and capital gains are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Merger A | MERFX | 5.50 | NA | 0.00 | 0.25 | 1.00 | 1.50 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Merger Fund | MERFX | 17.07 | 1/31/1989 | 0.00 | 4.66 | 1.44 | 2.77 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Merger A | MERFX | 2500 | 100 | 100 | A |
Contact Information
| Family | Virtus Funds |
| Address | 100 Pearl St., 9th Fl. Hartford, CT 06103 |
| Phone | 800 243-1574 |