Nasdaq - Delayed Quote USD

The Merger Fund I (MERIX)

16.88 0.00 (0.00%)
At close: 6:45 PM EDT

Fund Summary

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.

The Merger Fund I

Valhalla, NY 10595
100 Summit Lake Drive
(800) 343-8959

Fund Overview

Category Event Driven
Fund Family Virtus
Net Assets 2.76B
YTD Return 0.59%
Yield 2.89%
Morningstar Rating
Inception Date Jan 31, 1989

Fund Operations

Last Dividend 0.49
Last Cap Gain 1.00
Holdings Turnover 218.00%
Average for Category --

Fees & Expenses

Expense MERIX Category Average
Annual Report Expense Ratio (net) 1.54% 1.90%
Prospectus Net Expense Ratio 1.54% --
Prospectus Gross Expense Ratio 1.63% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.94%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Michael T. Shannon, Lead Manager since January 24, 2007
Mr. Shannon has served as Co-President of the Adviser since 2011 and also serves as Co-President and a Trustee of each Fund. Mr. Shannon served as Westchester’s Director of Research from May 1996 until April 2005. From April 2005 to April 2006, Mr. Shannon was Senior Vice President in charge of the Special Situations and Mergers Group of D.E. Shaw & Co. Mr. Shannon returned to Westchester in May 2006 as a research analyst and portfolio strategist and has served as a portfolio manager for The Merger Fund since January 2007, for WCM Alternatives: Event-Driven Fund since it commenced investment operations in January 2014, and for WCM Alternatives: Credit Event Fund since it commenced investment operations in January 2018. He received a B.S. in Finance from Boston Colleg.

Morningstar Style Box

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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.

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