• FirefoxTry Yahoo Finance on Firefox »
  •  Dow Down0.78% Nasdaq Down1.13%

    Merger Investor (MERFX)

    15.35 Down 0.02(0.13%) May 3

    Profile as of Mar 30, 2016Get Profile for:
    Merger Investor
    Merger Fund100 Summit Lake DriveValhalla, NY 10595
    Phone: 800-343-8959
    Fund Overview 
    Category:Market Neutral
    Fund Family:Merger
    Net Assets:4.22B
    Year-to-Date Return:0.98%
    Morningstar Rating:3 stars
    Fund Inception Date:Jan 31, 1989
    Morningstar Style Box 
    Market Neutral
    [View Category Definition]
    View Top Market Neutral Funds
    About the Morningstar Style Box
    Management Information 
    Michael T. Shannon
    Lead Manager since Jan 24, 2007
    Michael T. Shannon, born 1966, joined WCM in 1996. He received a B.S. in Finance from Boston College and was subsequently hired by J.P. Morgan, where he worked in the firm's corporate finance, mergers & acquisitions and equity research departments. After a brief period as Senior Vice President in charge of Mergers and Special Situations at D.E. Shaw & Co. from March 2005 to May 2006, he rejoined WCM as co-portfolio manager. Mike, who holds a Chartered Financial Analyst certification, is a member of the New York Society of Security Analysts and the CFA Institute.
    Investment Information 
    Min Initial Investment:2,000
    Min Initial Investment, IRA:2,000
    Min Initial Investment, AIP:2,000
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:100
    MERFX can be purchased from 113 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend (Dec 27, 2015) : 0.07
    Last Cap Gain : 0.00
    Annual Holdings Turnover (May 1, 2016) : 157.00%
    Average for Category:250.12%
    Fees & Expenses 
    ExpenseMERFXCategory Avg
    Annual Report Expense Ratio (net):1.34%1.68%
    Prospectus Net Expense Ratio:1.27%N/A
    Prospectus Gross Expense Ratio:1.70%N/A
    Max 12b1 Fee:0.18%N/A
    Max Front End Sales Load:N/A5.07%
    Max Deferred Sales Load: N/A1.30%
    3 Yr Expense Projection*:522933
    5 Yr Expense Projection*:9101,467
    10 Yr Expense Projection*:1,9973,001
    * Per $10,000 invested