OVERALL Morningstar Rating
Out of 100 market neutral funds based upon risk-adjusted returns.
As of 09/30/2014

The Merger Fund® offers investors access to an alternative investment strategy in a regulated, transparent mutual fund with daily liquidity.
The Merger Fund®, launched in 1989, was the first mutual fund devoted exclusively to merger arbitrage. As part of a diversified portfolio, The Merger Fund may serve to lower portfolio risk because returns generally have historically had a low correlation with equity and fixed income.
Merger arbitrage strategies have historically been positively correlated with interest rates, or the cost of capital; therefore if interest rates rise, the Fund may provide a hedge to the decreased value of bonds.


2014 ESTIMATED Capital Gains and Ordinary Income Distributions

Q3 2014 Quarterly Review detailing portfolio composition, attribution and performance is now available.

"Kiplinger's 25 Favorite No-Load Mutual Funds - Kiplinger's Personal Finance, September 10, 2014.