The Merger Fund® Class I (MERIX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
17.45
+0.02 (0.11%)
Apr 25, 2025, 8:01 PM EDT
3.13% (1Y)
| Fund Assets | 2.33B |
| Expense Ratio | 1.27% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.64 |
| Dividend Yield | 3.64% |
| Dividend Growth | 28.82% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 17.43 |
| YTD Return | 3.13% |
| 1-Year Return | 6.89% |
| 5-Year Return | 18.76% |
| 52-Week Low | 16.75 |
| 52-Week High | 17.51 |
| Beta (5Y) | 0.04 |
| Holdings | 480 |
| Inception Date | Aug 5, 2013 |
About MERIX
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.
Category Event Driven
Stock Exchange PNK
Ticker Symbol MERIX
Share Class Class I
Index ICE BofA US 3-Month T Bill TR IX
Performance
MERIX had a total return of 6.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.43%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MERFX | Class A | 1.56% |
Top 10 Holdings
52.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Hess Corporation | HES | 8.33% |
| Goldman Sachs Financial Square Treasury Instruments Fund | FTIXX | 8.31% |
| Goldman Sachs Financial Square Government Fund | FGTXX | 8.31% |
| Endeavor Group Holdings, Inc. | EDR | 5.68% |
| Kellanova | K | 5.04% |
| HashiCorp, Inc. | HCP | 4.26% |
| Virtus Westchester Event-Driven Fund Class I | WCEIX | 4.12% |
| ChampionX Corporation | CHX | 3.36% |
| United States Steel Corporation | X | 2.70% |
| Heartland Financial USA, Inc. | HTLF | 2.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.63508 | Dec 18, 2024 |
| Dec 20, 2023 | $0.49298 | Dec 20, 2023 |
| Dec 21, 2022 | $0.79254 | Dec 21, 2022 |
| Dec 29, 2021 | $0.04659 | Dec 29, 2021 |
| Dec 29, 2020 | $0.63078 | Dec 29, 2020 |
| Dec 27, 2019 | $0.22945 | Dec 27, 2019 |