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Merger Investor

MERFX
15.51
+0.03
+0.19%
7/22/2016
5 Years
  • Previous Close

    15.48

  • Net Assets

    2.52B

  • Yield

    0.80%

  • Front load

    None

  • Expenses

    1.34%

  • Category

    Market Neutral

  • Morningstar Risk

    Below Average

  • Morningstar Rating ★★★
Profile

Name of Issuer

Westchester Capital

Fund Style

Open

Fund Manager

Roy Behren

Investment Style

Large Blend

The investment seeks capital growth by engaging in merger arbitrage. Under normal market conditions, the fund invests at least 80% of its total assets principally in the common stock, preferred stock and, occasionally, warrants of companies which are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Merger arbitrage is a highly specialized investment approach generally designed to profit from the successful completion of such transactions.

Purchase Information

Initial Purchase 2,000
Initial Purchase: IRA NA
Initial Purchase: AIP 2,000

Inception

1/31/1989

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