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Morningstar

The Merger Fund A MERFX

Morningstar Analyst Rating
Analyst rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 16.86  /  0.06 %
  • Total Assets 4.1 Bil
  • Adj. Expense Ratio
    1.460%
  • Expense Ratio 1.610%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Event Driven
  • Alt Style Correlation / Relative Volatility High / Low
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.79%
  • Turnover 162%

USD | NAV as of Feb 09, 2023 | 1-Day Return as of Feb 09, 2023, 1:40 AM GMT+00:00

Morningstar’s Analysis MERFX

Will MERFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MERFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MERFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MERFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experience and stability remain this strategy’s hallmarks.

Associate Director

Summary

| by Adam Millson

The Merger Fund’s veteran managers, stable investment team, and strong fundamental deal analysis stand as the foundation to its established approach to merger-arbitrage investing. Despite average quantitative resources, the managers' framework adequately supports their strong bottom-up research. The strategy earns a Morningstar Analyst Rating of Bronze for both share classes, up from Neutral.

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