The Merger Fund A (MERFX)
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The Merger Fund A
Valhalla, NY 10595
100 Summit Lake Drive
Merger Fund
(800) 343-8959
Management Information
Michael T. Shannon,Lead Manager since January 23, 2007
Mr. Shannon has served as Co-President of the Adviser since 2011 and also serves as Co-President and a Trustee of each Fund. Mr. Shannon served as Westchester’s Director of Research from May 1996 until April 2005. From April 2005 to April 2006, Mr. Shannon was Senior Vice President in charge of the Special Situations and Mergers Group of D.E. Shaw & Co. Mr. Shannon returned to Westchester in May 2006 as a research analyst and portfolio strategist and has served as a portfolio manager for The Merger Fund since January 2007, for WCM Alternatives: Event-Driven Fund since it commenced investment operations in January 2014, and for WCM Alternatives: Credit Event Fund since it commenced investment operations in January 2018. He received a B.S. in Finance from Boston Colleg.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.
Fund Overview
CategoryEvent Driven
Fund FamilyVirtus
Net Assets2.67B
YTD Return-0.41%
Yield2.60%
Morningstar Rating★★★
Inception DateJan 30, 1989
Fund Operations
Last Dividend0.44
Last Cap Gain1.00
Holdings Turnover218.00%
Average for CategoryN/A
Fees & Expenses
ExpenseMERFXCategory Average
Annual Report Expense Ratio (net)1.27%1.90%
Prospectus Net Expense Ratio1.27%N/A
Prospectus Gross Expense Ratio1.37%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.94%
Max Deferred Sales LoadN/A1.00%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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