A stable and experienced team executes this fund’s established approach. However, its supporting resources lack a clear edge compared with peers’, underpinning a downgrade to the fund’s Process rating to Average from Above Average. The fund’s two share classes earn Morningstar Analyst Ratings of Neutral, down from Bronze for its institutional shares.
The Merger Fund A MERFX
NAV / 1-Day Return
17.35
/
0.12
%
Total Assets
4.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.530%
Expense Ratio
1.530%
Fee Level
Below Average
Longest Manager Tenure
14.74
years
Category
Event Driven
Alt Style Correlation / Relative Volatility
High / LowMin. Initial Investment
2,500
Status
Open
TTM Yield
0.72%
Turnover
188%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
An experienced team, but their process lacks a discernable edge.
