Merger
100 Summit Lake Drive Valhalla, NY 10595
Map
Phone: 800-343-8959
| Category: | Long-Short | | Fund Family: | Merger | | Net Assets: | 1.91B | | Year-to-Date Return: | 7.40% | | Yield: | 1.96% | | Morningstar Rating: |  | | Fund Inception Date: | 31-Jan-89 |
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Frederick W. Green
Lead Manager since
31-Jan-89 | | | Green has been president of Westchester Capital Management since 1980, specializing in merger arbitrage. Previously, he spent eight years as a portfolio strategist, including three with Goldman Sachs and five with Kidder Peabody. Green is a member of the Association for Investment Management and Research and the New York Society of Security Analysts and the CFA Institute. Green holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,000 | | Min Initial Investment, IRA: | $2,000 | | Min Initial Investment, AIP: | $2,000 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks capital growth. The fund normally invests at least 80% of assets 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. It is nondiversified. |
| Last Dividend
(30-Dec-08):
| 0.30 | | Last Cap Gain
(30-Dec-08):
| 0.06 | | Annual Holdings Turnover
| 300.00% | | Average for Category:
| 347.16% |
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| Expense | MERFX | Category
Avg | | Total Expense Ratio: | 1.47%
| 2.13% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | %
| 5.48% | | Max Deferred Sales Load: | %
| 1.96% | | 3 Yr Expense Projection*: |
$ 523 | $1,062 | | 5 Yr Expense Projection*: |
$ 902 | $1,747 | | 10 Yr Expense Projection*: |
$ 1,965 | $3,433 |
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1.41% Nasdaq 
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