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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
The Merger Fund Class I (MERIX) returned 4.20% year-to-date (YTD) and 8.02% over the past 12 months. Over the past 10 years, MERIX returned 3.56% annually, underperforming the S&P 500 benchmark at 10.84%.
MERIX
4.20%
0.92%
5.16%
8.02%
4.69%
3.70%
3.56%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.83% | 1.17% | 0.29% | 0.98% | 0.86% | 4.20% | |||||||
| 2024 | -0.06% | 0.00% | 0.65% | -0.94% | 0.41% | 0.59% | 1.58% | 0.17% | 0.00% | 0.17% | 0.12% | 0.81% | 3.54% |
| 2023 | 0.00% | 0.36% | -0.24% | 0.42% | -2.14% | 0.67% | 0.48% | 1.93% | 1.06% | -0.18% | 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% | 0.49% | 1.01% |
| 2021 | 0.58% | 0.74% | -0.40% | 1.26% | 0.34% | -0.90% | -2.44% | 0.23% | 0.52% | -0.12% | -0.06% | 0.39% | 0.10% |
| 2020 | 0.41% | -0.29% | -2.45% | 2.22% | 0.12% | 0.06% | 1.17% | 0.35% | 0.29% | 0.46% | 1.72% | 1.06% | 5.14% |
| 2019 | 0.74% | 0.73% | 0.66% | 0.36% | -0.84% | 0.91% | 0.96% | 0.41% | 0.47% | 0.47% | 0.47% | 0.81% | 6.31% |
| 2018 | 1.58% | 1.80% | -0.92% | -0.06% | 1.67% | 1.70% | -1.25% | 0.36% | 0.90% | -0.30% | 1.74% | 0.55% | 7.98% |
| 2017 | 0.32% | 0.38% | 0.19% | 0.70% | 0.51% | 0.19% | 0.13% | -0.00% | 0.25% | 0.56% | -1.24% | 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% | 0.77% | 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% | 0.18% | -0.53% |
| 2014 | -0.56% | 1.07% | 0.00% | 0.50% | 1.12% | 0.80% | -0.49% | 0.86% | -1.21% | -1.23% | 0.50% | 0.31% | 1.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, MERIX is among the top 4% of 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.
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Dividends
Dividend History
The Merger Fund Class I provided a 3.61% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.49 | $0.79 | $0.05 | $0.63 | $0.23 | $0.79 | $0.16 | $0.14 | $0.25 | $0.66 |
Dividend yield | 3.61% | 3.76% | 2.91% | 4.74% | 0.27% | 3.64% | 1.34% | 4.85% | 0.99% | 0.89% | 1.63% | 4.24% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 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 | $0.79 | $0.79 |
| 2021 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2019 | $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 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 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 | $0.25 | $0.25 |
| 2014 | $0.66 | $0.66 |
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.
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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 9.33%, occurring on Mar 18, 2020. Recovery took 82 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.33% | Feb 24, 2020 | 18 | Mar 18, 2020 | 82 | Jul 15, 2020 | 100 |
| -5.68% | Jun 14, 2021 | 256 | Jun 16, 2022 | 306 | Sep 6, 2023 | 562 |
| -5.32% | Sep 12, 2014 | 24 | Oct 15, 2014 | 146 | May 15, 2015 | 170 |
| -4.94% | Jun 19, 2015 | 148 | Jan 20, 2016 | 223 | Dec 6, 2016 | 371 |
| -2.74% | Mar 6, 2018 | 42 | May 3, 2018 | 12 | May 21, 2018 | 54 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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