The Merger Fund® Class I (MERIX)

Fund Assets	2.34B
Expense Ratio	1.27%
Min. Investment	$1,000,000
Turnover	n/a
Dividend (ttm)	0.64
Dividend Yield	3.59%
Dividend Growth	28.82%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2024

Previous Close	17.68
YTD Return	4.43%
1-Year Return	7.86%
5-Year Return	20.19%
52-Week Low	16.75
52-Week High	17.68
Beta (5Y)	0.04
Holdings	398
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: NASDAQ
• Ticker Symbol: MERIX
• Share Class: Class I
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

MERIX had a total return of 7.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.51%.

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

46.56% of assets

Name	Symbol	Weight
Hess Corporation	HES	10.09%
Endeavor Group Holdings, Inc.	EDR	6.16%
Kellanova	K	5.52%
ChampionX Corporation	CHX	4.40%
Goldman Sachs Financial Square Treasury Instruments Fund	FTIXX	4.30%
DFS Furniture plc	DFS	4.27%
Virtus Westchester Event-Driven Fund Class I	WCEIX	4.19%
Berry Global Group, Inc.	BERY	2.74%
United States Steel Corporation	X	2.56%
Intra-Cellular Therapies Inc.	ITCI	2.34%

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