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Merger Investor (MERFX) Fund Ranking and Research

Ranking, Research and Recommendation of Merger Investor (MERFX) Fund

    Last Trade: $16.02 on 7/24/2017, Change: -0.01 (-0.06%)

 

Graph of Merger Investor Fund (MERFX) ManagerFund Manager - Michael T. Shannon

Fund Manager Information

Fund Manager Tenure: 10.5 years
Fund Family: Merger
Fund Category: Market Neutral
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.7)     (What does this score mean?)
Honorable Mentioning: Kiplinger (2011),
Michael T. Shannon, born 1966, joined WCM in 1996. He received a B.S. in Finance from Boston College and was subsequently hired by J.P. Morgan, where he worked in the firm's corporate finance, mergers & acquisitions and equity research departments. After a brief period as Senior Vice President in charge of Mergers and Special Situations at D.E. Shaw & Co. from March 2005 to May 2006, he rejoined WCM as co-portfolio manager. Mike, who holds a Chartered Financial Analyst certification, is a member of the New York Society of Security Analysts and the CFA Institute.  Get more insights on Michael T. Shannon

 

Graph of Merger Investor Fund (MERFX) ProfileMerger Investor Fund (MERFX) Profile

Fund Profile and Description

Merger Investor Fund seeks capital growth. Merger Investor Fund normally invests at least 80% of assets in the equity securities 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. It is non-diversified.

 

Merger Investor (MERFX) Fund Strength What we like about Merger Investor (MERFX) Fund

Data for Merger Investor Fund (MERFX) as of May 30, 2016

  • Merger Investor Fund (MERFX) management has been with Merger Investor Fund for 10.5 years
  • Merger Investor Fund (MERFX) has good mid-term performance (3-year return 1.59% vs 0.90% Market Neutral category median performance)
  • Merger Investor Fund (MERFX) has good Long-term performance (5-year return 1.50% vs 0.81% Market Neutral category median performance)
  • Merger Investor Fund (MERFX) ratio of up-years vs down years is greater than 2
  • Merger Investor Fund (MERFX) has a Morningstar rating of 4 and above
  • Merger Investor Fund (MERFX) has an annual stock turnover rate of 157.00% vs Market Neutral average of 187.85%. It is good that Merger Investor management does not trade extensively for its return.
  • Merger Investor Fund (MERFX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.01, lower than category average of 3.93
  • Merger Investor Fund (MERFX) has a lower expense ratio than its Market Neutral average: 1.34% vs 1.73%

Merger Investor Fund (MERFX) Weakness What we are cautious about Merger Investor (MERFX) Fund

Data for Merger Investor Fund (MERFX) as of May 30, 2016

  • Merger Investor Fund (MERFX) has a less-than-ideal short-term performance (1-year return -1.48% vs -0.96% Market Neutral category median performance)
  • Even though Merger Investor Fund carries no load, it does have a 0.18% of 12b1 promotion, distributions, marketing expenses
  • Asset base in Merger Investor Fund (MERFX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See Merger Investor Fund (MERFX) performance details as of May 30, 2016

 

What do you think?

 

Compare Merger Investor Fund (MERFX)Compare with other top Market Neutral category mutual funds

Aadditional top Market Neutral mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Merger Investor1.24-1.481.591.50
Calamos Market Neutral Income I (CMNIX)1.740.802.953.39Compare
Gabelli ABC AAA (GABCX)1.091.632.172.63Compare
Calamos Market Neutral Income R (CVSRX)1.520.302.462.87Compare

See top fund managers for Market Neutral Category Funds

 

Compare Merger Investor Fund (MERFX)Compare with Market Neutral category ETFs

Some Market Neutral ETFs for your consideration

ETFYear to DateOne YearThree Year
QuantShares US Market Neut Momentum (MOM)-7.74%2.74%1.57%
IQ Merger Arbitrage ETF (MNA)000
QuantShares US Market Neut Anti-Beta (BTAL)000
ProShares RAFI Long/Short (RALS)1.18%-2.53%-0.87%

 

Graph of Merger Investor Fund (MERFX) Net Asset TrackingMerger Investor (MERFX) Fund Net Asset

Track net asset change of Merger Investor fund (MERFX)

DateNet Asset
05/2016$4.09B
03/2016$4.22B
02/2016$4.36B
More historic net asset information on Merger Investor Fund (MERFX)

  

Graph of Merger Investor Fund (MERFX) Portfolio TrackingMerger Investor (MERFX) Fund Portfolio Allocation

Track portfolio allocation change of Merger Investor fund (MERFX)

DateCashStockBondOther
03/201639.56%54.55%2.98%2.89%
12/201536.56%56.84%3.17%3.43%
09/201531.72%63.71%1.52%2.98%
Click here to see more historic asset allocation information on Merger Investor Fund (MERFX)

 

graph of Merger Investor Fund (MERFX) Top 10 Position TrackingTop 10 Holdings in Merger Investor (MERFX) Fund

Discover what Merger Investor Fund (MERFX) manager is buying

Mar 30, 2016
Time Warner Cable Inc Common St [5.16%]
Starwood Hotels & Resorts World [4.47%]
Yahoo! Inc. [3.76%]
KLA-Tencor Corporation [3.71%]
EMC Corporation Common Stock [3.6%]
Alibaba Group Holding Limited A [3.23%]
Airgas, Inc. Common Stock [3.19%]
Ingram Micro Inc. Common Stock [2.78%]
American International Group, I [2.77%]
Charter Communications, Inc. [2.72%]

Dec 30, 2015
Precision Castparts Corp [6.08%]
Time Warner Cable Inc Common St [3.79%]
Broadcom Corporation [3.75%]
D/B/A Chubb Limited New Common [3.55%]
PartnerRe Ltd. Common Stock [3.28%]
Yahoo! Inc. [2.99%]
Alibaba Group Holding Limited A [2.92%]
American International Group, I [2.87%]
KLA-Tencor Corporation [2.79%]
Dow Chemical Company (The) Comm [2.28%]

Sep 29, 2015
Precision Castparts Corporation [4.55%]
Time Warner Cable Inc Common St [3.36%]
American International Group, I [3.25%]
Chubb Corporation (The) Common [2.89%]
Broadcom Corporation [2.87%]
PartnerRe Ltd. Common Stock [2.67%]
Sigma-Aldrich Corporation [2.23%]
HCC Insurance Holdings Inc [2.14%]
T-Mobile US, Inc. [1.92%]
Dow Chemical Company (The) Comm [1.87%]
Click here for Stock Holding Change Map in Merger Investor Fund (MERFX)

  

Latest News on Merger Investor (MERFX) Fund

See what is happening with Merger Investor Fund (MERFX)

 

Merger Investor Fund (MERFX) Related ResourcesSee more information on Merger Investor (MERFX) Fund

Popular pages on Merger Investor (MERFX) Fund

  

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