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Merger Investor (MERFX)

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Merger Investor

Merger Fund100 Summit Lake DriveValhalla, NY 10595
800-343-8959
Management Information
Roy D. Behren,Lead Manager since January 23, 2007
Roy D. Behren, born 1960, came to WCM in 1994 from the U.S. Securities and Exchange Commission. After earning a B.S. in Economics at The Wharton School, he received a J.D. degree from the University of Miami Law School and a LL.M. degree in corporate law from the New York University School Of Law. He then joined the SEC's New York Regional Office, where he worked as an enforcement attorney for seven years prior to starting his investment career at WCM. From 2004 through 2006, Roy served as a member of Redback Networks’ Board of Directors and its Audit Committee. He is a co-portfolio manager of The Merger Fund®, The Merger Fund VL and the Dunham Monthly Distribution Fund and is currently the Chief Compliance Officer for WCM, The Merger Fund®and The Merger Fund VL.
Morningstar Style Box
Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.
Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMarket Neutral
Fund FamilyWestchester Capital
Net Assets2.82B
YTD Return2.23%
Yield0.31%
Morningstar Rating★★★★
Inception DateJan 30, 1989

Fund Operations

Last Dividend0.05
Last Cap Gain0.00
Holdings Turnover182.00%
Average for CategoryN/A

Fees & Expenses

ExpenseMERFXCategory Average
Annual Report Expense Ratio (net)1.40%1.72%
Prospectus Net Expense Ratio1.49%N/A
Prospectus Gross Expense Ratio2.12%N/A
Max 12b1 Fee0.25%N/A
Max Front End Sales LoadN/A4.92%
Max Deferred Sales LoadN/A1.34%
3 Yr Expense Projection653N/A
5 Yr Expense Projection1,129N/A
10 Yr Expense Projection2,443N/A