About MERIX
The Merger Fund Institutional Class is a mutual fund specializing in event-driven, merger arbitrage strategies. Its primary purpose is to generate consistent, positive absolute returns with lower volatility than traditional equity investments by investing in companies undergoing publicly announced mergers, acquisitions, takeovers, and other corporate reorganizations globally. The fund employs a highly specialized team that analyzes and invests in these corporate transactions, seeking to profit from price discrepancies that arise between the announcement and completion of such deals. Distinctive features of the fund include minimal correlation to traditional stock and bond markets, positive correlation to interest rates, and a strong emphasis on risk management to reduce drawdowns during market stress. The Merger Fund Institutional Class serves as a portfolio diversifier, aiming to dampen portfolio volatility and provide a liquid, regulated alternative investment solution. It has a long track record within the event-driven investment category, managed by Westchester Capital Management, and has historically focused its holdings primarily on U.S. companies across sectors such as communication services, financials, and energy, with the flexibility to invest globally when suitable opportunities arise.
Fund Family Virtus
Category Event Driven
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MERIX
Index ICE BofA US 3-Month T Bill TR IX
MERIX had a total return of 6.90% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.96%.
