MERIX – The Merger Fund I Investment Strategy | Morningstar

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Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MERIX	The Merger Fund® Class I	Institutional	Open			Aug 1, 2013	$2.18B	1.250%	Average	$100,000	$110.22M
MERFX	The Merger Fund® Class A	Front Load	Open			Jan 31, 1989	$390.17M	1.540%	Average	$2,500	−$33.65M

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