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.


October, 24, 2014 – Current Market Update

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.