About MERFX
The Merger Fund Class A is a mutual fund specializing in merger arbitrage, an investment strategy aimed at profiting from announced corporate events such as mergers, acquisitions, takeovers, leveraged buyouts, spin-offs, and other reorganizations. Managed by Westchester Capital Management, the fund seeks to deliver consistent, positive absolute returns with lower volatility compared to traditional stock market exposure. It accomplishes this by investing primarily in equity and, on occasion, preferred stocks and warrants of companies involved in such announced transactions, typically allocating at least 80% of assets to these opportunities.
Since its inception in 1989, The Merger Fund Class A has established itself as a pioneer in liquid alternative investments, offering daily liquidity, transparency, and a regulated vehicle for access to event-driven strategies. The fund is widely regarded as a portfolio diversifier, given its historically low correlation to broader equity and fixed income markets and its potential to dampen volatility during market turbulence. The Merger Fund Class A serves institutions and individuals seeking to diversify beyond conventional asset classes through a disciplined, event-driven approach with a focus on risk management and transaction completion rates.
Fund Family Virtus
Category Event Driven
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol MERFX
Share Class Class A
Index ICE BofA US 3-Month T Bill TR IX
MERFX had a total return of 4.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.23%.
