The Merger Fund VL (MERVX)
| Fund Assets | n/a |
| Expense Ratio | 1.54% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 7.80% |
| Dividend Growth | 184.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 4, 2025 |
| Previous Close | 11.36 |
| YTD Return | 0.44% |
| 1-Year Return | 6.64% |
| 5-Year Return | 15.64% |
| 52-Week Low | 10.54 |
| 52-Week High | 11.37 |
| Beta (5Y) | 0.02 |
| Holdings | 402 |
| Inception Date | n/a |
About MERVX
The Merger Fund VL is an event-driven mutual fund specifically focused on merger arbitrage strategies. Its primary objective is to deliver consistent, positive absolute returns with lower volatility compared to traditional equities by investing predominantly in publicly announced mergers, acquisitions, takeovers, and other corporate reorganizations worldwide. The fund aims to profit from the successful completion of these corporate transactions while maintaining minimal correlation with broader stock and bond markets and exhibiting positive correlation to interest rates. Managed by Westchester Capital Management, a firm with over three decades of specialized event-driven investing experience, The Merger Fund VL leverages a disciplined, research-intensive process to identify fact-based, time-defined investment opportunities. The portfolio comprises a diverse mix of holdings across small, micro, and medium capitalizations, often utilizing hedging to minimize both market and deal-completion risks. Geared toward institutional investors, variable annuities, and insurance products, the fund is recognized as a pioneer in liquid alternative investments and serves as a portfolio diversifier that may help dampen overall portfolio volatility during periods of market uncertainty.
Performance
MERVX had a total return of 6.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.94%.
Top 10 Holdings
43.82% of assets| Name | Symbol | Weight |
|---|---|---|
| Goldman Sachs Financial Square Treasury Instruments Fund | FTIXX | 9.98% |
| Endeavor Group Holdings, Inc. | EDR | 6.91% |
| Mr. Cooper Group Inc. | COOP | 5.72% |
| Frontier Communications Parent, Inc. | FYBR | 4.25% |
| Chart Industries, Inc. | GTLS | 4.12% |
| CyberArk Software Ltd. | CYBR | 3.67% |
| Teck Resources Limited | TECK | 2.83% |
| The Interpublic Group of Companies, Inc. | IPG | 2.21% |
| DYE & DURHAM LIMITED - Dye & Durham Ltd | DNDCN.3.75 03.01.26 | 2.13% |
| Lumen Technologies, Inc. - LUMEN TECHNOLOGIES INC | LUMN.L 04.15.30 2 | 1.99% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 4, 2025 | $0.88623 | Dec 4, 2025 |
| Dec 5, 2024 | $0.31138 | Dec 6, 2024 |
| Dec 7, 2023 | $1.02565 | Dec 8, 2023 |
| Dec 7, 2022 | $0.18303 | Dec 7, 2022 |
| Dec 29, 2021 | $0.57164 | Dec 29, 2021 |
| Dec 29, 2020 | $0.03131 | Dec 29, 2020 |