MRGR offers a rules-based approach for executing a merger arbitrage strategy—all in one convenient ETF.
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Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 2/28/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| MRGR NAV | 0.31% | 0.95% | 6.80% | 0.79% | 9.79% | 8.42% | 4.50% | 3.30% | 2.12% | 12/11/2012 |
| MRGR Market Price | -0.33% | 0.37% | 6.81% | 0.54% | 9.84% | 8.44% | 4.44% | 3.26% | 2.11% | 12/11/2012 |
| S&P Merger Arbitrage Index | 0.37% | 1.14% | 7.50% | 0.85% | 10.92% | 9.38% | 5.57% | 4.17% | 3.14% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| MRGR NAV | 0.16% | 5.17% | 8.28% | 11.62% | 11.62% | 7.22% | 4.47% | 3.38% | 2.08% | 12/11/2012 |
| MRGR Market Price | -0.17% | 5.43% | 8.79% | 12.00% | 12.00% | 7.37% | 4.66% | 3.36% | 2.10% | 12/11/2012 |
| S&P Merger Arbitrage Index | 0.28% | 5.70% | 9.07% | 12.72% | 12.72% | 8.13% | 5.55% | 4.26% | 3.11% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker MRGR
- Intraday Ticker MRGR.IV
- CUSIP 74348A566
- Inception Date 12/11/12
- Net Expense Ratio 0.75%
- Gross Expense Ratio 2.21%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 2/28/2026- Number of Companies 42
- Avg. Market Cap $8.07 billion
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
Price
as of 3/12/2026- NAV $44.62
- NAV Change $-0.09
- Market Price $44.57
- Market Price Change $-0.21
- Trading Volume (M) 6
- 30-Day Median Bid Ask Spread 0.20%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 1.25%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Snapshot
- Ticker MRGR
- Intraday Ticker MRGR.IV
- CUSIP 74348A566
- Inception Date 12/11/12
- Net Expense Ratio 0.75%
- Gross Expense Ratio 2.21%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 2/28/2026- Number of Companies 42
- Avg. Market Cap $8.07 billion
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
Price
as of 3/12/2026- NAV $44.62
- NAV Change $-0.09
- Market Price $44.57
- Market Price Change $-0.21
- Trading Volume (M) 6
- 30-Day Median Bid Ask Spread 0.20%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 1.25%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Expenses with Contractual Waiver through September 30, 2026. Without the fee waiver performance would likely be lower.
Exposures
Index as of 12/31/2025 and Fund as of 3/12/2026
Holdings
as of 3/12/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 3.34% | NGD | NEW GOLD INC | -- | $521,247.41 | 48,623 | 2826947 |
| 2.87% | TECK/B | TECK RESOURCES LTD-CLS B | -- | $448,998.39 | 8,668 | 2879327 |
| 2.58% | VAL | VALARIS LTD | -- | $403,308.80 | 4,346 | BMY0YX0 |
| 2.48% | KVUE | KENVUE INC | -- | $387,223.13 | 22,267 | BQ84ZQ6 |
| 2.47% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $386,297.16 | 5,802 | B03PGL4 |
| 2.45% | JHG | JANUS HENDERSON GROUP PLC | -- | $382,510.49 | 7,591 | BYPZJQ6 |
| 2.36% | CFLT | CONFLUENT INC-CLASS A | -- | $369,200.70 | 12,030 | BNXH3Z4 |
| 2.36% | TALK | TALKSPACE INC | -- | $368,225.00 | 71,500 | BP7L970 |
| 2.35% | EXAS | EXACT SCIENCES CORP | -- | $367,331.39 | 3,557 | 2719951 |
| 2.35% | -- | BEAZLEY PLC COMMON STOCK GBP 5 | -- | $367,067.73 | 21,350 | -- |
| 2.35% | DAWN | DAY ONE BIOPHARMACEUTICALS I | -- | $366,907.50 | 17,250 | BLB0YH0 |
| 2.35% | IHS | IHS HOLDING LTD | -- | $366,384.00 | 44,900 | BMCG0L0 |
| 2.34% | MASI | MASIMO CORP | -- | $365,917.50 | 2,085 | B1YWR63 |
| 2.34% | ACLX | ARCELLX INC | -- | $365,728.00 | 3,200 | BPCJ1Q2 |
| 2.34% | DBRG | DIGITALBRIDGE GROUP INC | -- | $365,713.78 | 23,794 | BPW6ZP0 |
| 2.34% | NATL | NCR ATLEOS CORP | -- | $365,557.50 | 8,250 | BRRD6G8 |
| 2.34% | SEM | SELECT MEDICAL HOLDINGS CORP | -- | $365,400.00 | 22,500 | B4MF0Q6 |
| 2.34% | FOLD | AMICUS THERAPEUTICS INC | -- | $364,696.23 | 25,379 | B19FQ48 |
| 2.33% | GLDD | GREAT LAKES DREDGE & DOCK CO | -- | $364,425.00 | 21,500 | B1LDZK9 |
| 2.33% | VRE | VERIS RESIDENTIAL INC | -- | $364,384.00 | 19,300 | 2192314 |
| 2.33% | KW | KENNEDY-WILSON HOLDINGS INC | -- | $364,145.00 | 33,500 | B298495 |
| 2.33% | SEMR | SEMRUSH HOLDINGS INC-A | -- | $364,048.72 | 30,541 | BMFPJH3 |
| 2.33% | ALLFG | ALLFUNDS GROUP PLC | -- | $363,834.74 | 37,567 | BNTJ354 |
| 2.33% | TPH | TRI POINTE HOMES INC | -- | $363,455.00 | 7,850 | B92CQF3 |
| 2.32% | QUB | QUBE HOLDINGS LTD | -- | $362,623.63 | 103,500 | B1L4BC6 |
| 2.31% | AAUC | ALLIED GOLD CORP | -- | $361,240.99 | 11,492 | BS5YX69 |
| 2.31% | SLAB | SILICON LABORATORIES INC | -- | $360,897.02 | 1,786 | 2568131 |
| 2.30% | STEL | STELLAR BANCORP INC | -- | $358,479.09 | 10,033 | BQBCZY5 |
| 2.29% | HOLX | HOLOGIC INC | -- | $358,225.23 | 4,763 | 2433530 |
| 2.28% | AXTA | AXALTA COATING SYSTEMS LTD | -- | $356,468.70 | 12,795 | BSFWCF5 |
| 2.24% | NSC | NORFOLK SOUTHERN CORP | -- | $349,803.26 | 1,201 | 2641894 |
| 2.23% | GTLS | CHART INDUSTRIES INC | -- | $348,212.70 | 1,683 | B19HNF4 |
| 2.21% | SDR | SCHRODERS PLC | -- | $344,973.96 | 45,300 | BP9LHF2 |
| 2.19% | WBS | WEBSTER FINANCIAL CORP | -- | $341,401.20 | 5,028 | 2945143 |
| 2.19% | AL | AIR LEASE CORP | -- | $341,322.84 | 5,282 | B3XS562 |
| 2.18% | TXNM | TXNM ENERGY INC | -- | $340,812.20 | 5,806 | 2707826 |
| 2.18% | JDEP | JDE PEET'S NV | -- | $339,712.28 | 9,294 | BMC4ZZ3 |
| 2.16% | EA | ELECTRONIC ARTS INC | -- | $338,037.84 | 1,698 | 2310194 |
| 2.03% | THR | THERMON GROUP HOLDINGS INC | -- | $316,336.00 | 6,800 | B3N6F00 |
| 1.97% | SKYT | SKYWATER TECHNOLOGY INC | -- | $308,073.60 | 11,260 | BMDXB06 |
| 0.11% | -- | VERVE THERAPEUTICS INC COMMON STOCK USD | -- | $16,663.50 | 26,450 | -- |
| 26.87% | -- | S&P MERGER ARBITRAGE LONG INDEX SWAP SOCIETE GENERALE | 4,197,060 | -- | 1,309 | -- |
| 0.06% | -- | S&P MERGER ARBITRAGE LONG SUB-INDEX SWAP CITIBANK NA | 9,619 | -- | 03 | -- |
| -0.05% | -- | S&P MERGER ARBITRAGE SHORT SUB-INDEX SWAP CITIBANK NA | -7,756 | -- | -03 | -- |
| -- | -- | AUSTRALIA DOLLAR CURRENCY CONTRACT - USD | -363,721 | -- | -514,000 | -- |
| -- | -- | EUROPEAN EURO CURRENCY CONTRACT - USD | -702,311 | -- | -609,000 | -- |
| -- | -- | UNITED KINGDOM POUND CURRENCY CONTRACT - USD | -720,804 | -- | -540,000 | -- |
| -- | -- | CANADA DOLLAR CURRENCY CONTRACT - USD | -1,351,843 | -- | -1,840,000 | -- |
| -31.70% | -- | S&P MERGER ARBITRAGE SHORT SUB-INDEX SWAP SOCIETE GENERALE | -4,950,926 | -- | -1,915 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $962,609.30 | 962,609 | -- |
Distributions
For
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
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