The Merger Fund Class I (MERIX)
Fund Info
US5895092071
589509207
Aug 1, 2013
$100,000
Expense Ratio
MERIX has a high expense ratio of 1.32%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in The Merger Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
The Merger Fund Class I had a return of -1.06% year-to-date (YTD) and -0.94% in the last 12 months. Over the past 10 years, The Merger Fund Class I had an annualized return of 1.70%, while the S&P 500 had an annualized return of 10.96%, indicating that The Merger Fund Class I did not perform as well as the benchmark.
MERIX
-1.06%
-3.12%
-0.65%
-0.94%
0.61%
1.70%
^GSPC (Benchmark)
23.00%
-0.84%
7.20%
24.88%
12.77%
10.96%
Monthly Returns
The table below presents the monthly returns of MERIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.06% | 0.00% | 0.65% | -0.94% | 0.41% | 0.59% | 1.58% | 0.17% | 0.00% | 0.17% | 0.00% | -1.06% | |
| 2023 | -0.00% | 0.36% | -0.24% | 0.42% | -2.14% | 0.67% | 0.48% | 1.93% | 1.06% | -0.17% | 1.23% | 0.89% | 4.51% |
| 2022 | 0.12% | 0.17% | -0.06% | -0.40% | -0.58% | -0.76% | 1.17% | 0.75% | -0.46% | 1.04% | -0.46% | -2.18% | -1.67% |
| 2021 | 0.58% | 0.75% | -0.40% | 1.26% | 0.34% | -0.90% | -2.44% | 0.23% | 0.52% | -0.12% | -0.06% | 0.12% | -0.17% |
| 2020 | 0.41% | -0.29% | -2.45% | 2.22% | 0.12% | 0.06% | 1.17% | 0.35% | 0.29% | 0.46% | 1.72% | -1.48% | 2.50% |
| 2019 | 0.74% | 0.73% | 0.67% | 0.36% | -0.84% | 0.90% | 0.96% | 0.42% | 0.47% | 0.47% | 0.47% | -0.24% | 5.21% |
| 2018 | 1.58% | 1.80% | -0.92% | -0.06% | 1.67% | 1.70% | -1.25% | 0.36% | 0.90% | -0.30% | 1.74% | -2.78% | 4.40% |
| 2017 | 0.32% | 0.38% | 0.19% | 0.70% | 0.51% | 0.19% | 0.13% | 0.00% | 0.25% | 0.56% | -1.25% | 0.73% | 2.74% |
| 2016 | -0.98% | 0.40% | 1.65% | -0.84% | 1.18% | -0.32% | 0.39% | 0.19% | 0.13% | -0.26% | 0.78% | 0.63% | 2.94% |
| 2015 | -0.32% | 1.80% | -0.06% | 0.06% | 0.51% | -1.13% | -0.19% | -1.15% | -1.35% | 1.57% | -0.39% | -0.26% | -0.97% |
| 2014 | -0.56% | 1.07% | 0.00% | 0.50% | 1.12% | 0.80% | -0.49% | 0.86% | -1.21% | -1.23% | 0.50% | -1.04% | 0.26% |
| 2013 | -0.12% | 0.81% | 0.62% | 0.12% | 0.26% | 1.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MERIX is 3, meaning it’s performing worse than 97% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for The Merger Fund Class I (MERIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
The Merger Fund Class I provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.49 | $0.34 | $0.00 | $0.18 | $0.05 | $0.23 | $0.16 | $0.14 | $0.18 | $0.45 | $0.35 |
Dividend yield | 0.00% | 2.91% | 2.02% | 0.00% | 1.05% | 0.29% | 1.44% | 0.99% | 0.89% | 1.18% | 2.88% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for The Merger Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2013 | $0.35 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the The Merger Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the The Merger Fund Class I was 9.50%, occurring on Mar 18, 2020. Recovery took 82 trading sessions.
The current The Merger Fund Class I drawdown is 4.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.5% | Dec 27, 2019 | 56 | Mar 18, 2020 | 82 | Jul 15, 2020 | 138 |
| -6.36% | Jun 14, 2021 | 493 | May 26, 2023 | 192 | Mar 4, 2024 | 685 |
| -6.27% | Sep 12, 2014 | 341 | Jan 20, 2016 | 312 | Apr 17, 2017 | 653 |
| -4.28% | Oct 22, 2024 | 41 | Dec 18, 2024 | — | — | — |
| -3.42% | Dec 17, 2018 | 9 | Dec 28, 2018 | 140 | Jul 22, 2019 | 149 |
Volatility
Volatility Chart
The current The Merger Fund Class I volatility is 3.96%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.