MERIX

ActiveMin. $1M

The Merger Fund

Category: US Equity (9,528 funds)

Expense Ratio

1.27%

Annual Cost per $10K

$127.00

30-Year Fee Drag per $10K

$22,918

at 7% annual return

Fund Type

Mutual Fund

Active · Min: $1M

Trailing 12-Month

+8.27%

Asset Allocation

US Equity

71%

Intl Equity

US Bond

14%

Intl Bond

Cash

12%

Fee Comparison

MERIX

1.27%

US Equity average

1.06%

US Equity cheapest

BKLC

0.00%

Index benchmark

0.03%

20% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of December 2025 · Updated quarterly

+16.10%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

MERIX at 1.27%$266,022

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$114,591

Cost vs index fund−$111,403

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of December 2025

Ticker	Name	ER	1yr	3yr	5yr
MERIX	The Merger Fund	1.27%	+8.27%	+5.10%	+3.82%
MERFX	The Merger Fund	1.56%	-3.52%	-35.79%	-33.41%
TIBOX	Thornburg Investment Income Builder Fund	0.84%	+30.88%	+23.10%	+18.21%
AAFTX	American Funds 2035 Target Date Retirement Fund	0.67%	+15.82%	+15.87%	+10.58%
AAETX	American Funds 2030 Target Date Retirement Fund	0.66%	+14.18%	+13.98%	+9.03%
CIPAX	American Funds Conservative Growth and Income Portfolio	0.88%	+11.79%	+11.52%	+8.53%
IWM	iShares Russell 2000 ETF	0.19%	+11.59%	+10.92%	+10.83%
VWENX	VANGUARD WELLINGTON FUND	0.17%	+12.65%	+13.05%	+9.43%
TIACX	Investment Co of America	0.63%	+20.95%	+24.94%	+18.10%
JEPI	JPMorgan Equity Premium Income ETF	0.35%	+5.28%	+10.32%	+10.93%
TRAIX	T. Rowe Price Capital Appreciation Fund	0.58%	+11.52%	+14.47%	+11.39%
TQQQ	ProShares UltraPro QQQ	0.84%	+31.32%	+49.61%	+18.09%
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	0.35%	+17.57%	+23.05%	—
TSPX	Twin Oak Active Opportunities ETF	1.01%	—	—	—
ACIIX	Equity Income Fund	0.59%	+7.73%	+9.09%	+9.97%
AAGTX	American Funds 2040 Target Date Retirement Fund	0.68%	+18.44%	+18.13%	+12.03%
FSLTX	Strategic Advisers Alternatives Fund	1.56%	+7.58%	+4.51%	—
GARUX	Goldman Sachs Absolute Return Tracker Fund	0.73%	+9.45%	+9.32%	+6.69%
CGIOX	Calamos Growth & Income Fund	0.73%	+22.36%	+19.50%	+14.61%
AADTX	American Funds 2025 Target Date Retirement Fund	0.63%	+12.54%	+12.24%	+7.76%
BLPAX	American Funds Moderate Growth and Income Portfolio	0.93%	+15.22%	+14.72%	+9.87%
IRGPX	Voya Retirement Aggressive Portfolio	0.60%	+15.01%	+15.93%	+10.66%
IWO	iShares Russell 2000 Growth ETF	0.24%	+13.49%	+12.64%	+7.89%
CGLGX	American Funds Growth and Income Portfolio	0.92%	+18.14%	+18.35%	+12.44%
PPIPX	T. Rowe Price Spectrum Conservative Allocation Fund	0.56%	+7.96%	+9.01%	+5.30%
CTAKX	American Funds College 2036 Fund	0.43%	+16.21%	+17.43%	+10.67%
QLD	ProShares Ultra QQQ	0.95%	+28.75%	+39.24%	+19.14%
HRSIX	Hood River Small-Cap Growth Fund	1.07%	+21.83%	+21.12%	+17.83%
FSSNX	Fidelity Small Cap Index Fund	0.03%	+14.60%	+12.12%	+11.60%
JGLYX	JPMorgan Small Cap Growth Fund	1.24%	+4.23%	+7.35%	+1.28%
SSO	ProShares Ultra S&P500	0.89%	+21.64%	+30.12%	+21.87%
JEPAX	JPMorgan Equity Premium Income Fund	0.45%	+4.61%	+9.72%	+10.32%
SSTIX	State Street Total Return V.I.S. Fund	0.67%	+14.48%	+14.61%	+8.90%
EKBDX	Allspring Diversified Capital Builder Fund	1.01%	+12.78%	+21.90%	+12.65%
IBB	iShares Biotechnology ETF	0.44%	+0.30%	+3.23%	+1.75%
DFSTX	U.S. SMALL CAP PORTFOLIO$1M min	0.27%	+7.23%	+10.67%	+14.17%
FCAGX	Fidelity Small Cap Growth Fund	0.92%	-11.50%	-33.45%	-40.48%
FIQWX	Fidelity Strategic Dividend and Income Fund	0.56%	+7.94%	+10.11%	+9.25%
LCORX	Leuthold Core Investment Fund	1.43%	—	—	—
IWN	iShares Russell 2000 Value ETF	0.24%	+9.57%	+8.98%	+13.57%
XBI	SPDR(R) S&P(R) Biotech ETF	0.35%	+2.67%	+6.68%	-2.36%
FEIQX	Franklin Equity Income Fund	0.50%	+14.27%	+15.32%	+14.87%
NLSAX	Neuberger Berman Long Short Fund	1.68%	+9.73%	+9.55%	+6.76%
ACEIX	Invesco Equity and Income Fund	0.76%	+9.14%	+10.33%	+10.51%
ACSHX	Invesco Comstock Fund	0.51%	+12.71%	+14.13%	+19.36%
MACBX	MFS Conservative Allocation Fund	0.83%	+5.79%	+6.88%	+3.65%
KAGAX	Kensington Dynamic Allocation Fund	1.67%	+42.71%	+15.49%	—
FMSHX	Franklin Mutual Shares Fund	0.70%	+9.29%	+12.67%	+13.32%
IRCIX	Voya RussellTM Small Cap Index Portfolio	0.93%	+10.91%	+10.24%	+10.15%
SPEM	SPDR Portfolio Emerging Markets ETF	0.07%	+21.39%	+19.76%	+8.17%
DFAS	Dimensional U.S. Small Cap ETF	0.27%	+7.15%	+10.35%	—
TRMIX	T. Rowe Price Mid-Cap Value Fund, Inc.	0.71%	+4.94%	+14.34%	+15.79%
JABLX	Janus Henderson Balanced Portfolio$1M min	0.87%	+14.94%	+17.97%	+9.04%
FTCFX	American Funds College 2033 Fund	0.39%	+12.98%	+13.82%	+8.49%
GTSAX	Invesco Small Cap Growth Fund	0.81%	+3.68%	+8.55%	+3.19%
TMF	Direxion Daily 20+ Year Treasury Bull 3X Shares	0.91%	-11.13%	-13.72%	-33.59%
STFBX	State Farm Balanced Fund	0.14%	+12.08%	+13.44%	—
CMALX	CRAWFORD MULTI-ASSET INCOME FUND	0.99%	+3.57%	+8.95%	+9.92%
CALF	Pacer US Small Cap Cash Cows 100 ETF	0.59%	-0.93%	+6.29%	+13.04%
FBFWX	American Funds Retirement Income Portfolio - Moderate	1.24%	+12.91%	+11.91%	+8.18%
FAS	Direxion Daily Financial Bull 3X Shares	0.89%	+16.83%	+31.53%	+38.28%
MXCPX	Empower Conservative Profile Fund	0.76%	+6.77%	+7.31%	+4.24%
TPPAX	T. Rowe Price Spectrum Moderate Allocation Fund	0.62%	+9.14%	+11.03%	+6.76%
FCFWX	American Funds Retirement Income Portfolio - Enhanced	1.14%	+14.79%	+14.11%	+10.22%
MXMPX	Empower Moderate Profile Fund	0.90%	+10.27%	+10.72%	+7.74%
CPATX	Counterpoint Tactical Income Fund	2.25%	+4.78%	+6.75%	+4.97%
BTBFX	Boston Trust Asset Management Fund	0.80%	+7.18%	+10.63%	+8.93%
LTTAX	MFS Lifetime 2025 Fund	0.95%	+8.16%	+9.06%	+5.28%
llpfx	Longleaf Partners Fund	0.79%	-3.59%	+10.24%	+9.20%
VSCAX	Invesco Small Cap Value Fund	1.35%	+13.93%	+19.86%	+25.74%
MRFOX	MARSHFIELD CONCENTRATED OPPORTUNITY FUND	1.02%	+10.72%	+18.84%	+14.80%
LCR	Leuthold Core ETF	0.84%	—	—	—
DFSCX	U.S. MICRO CAP PORTFOLIO$1M min	0.41%	+8.95%	+10.82%	+15.49%
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	0.39%	+12.07%	+13.06%	+15.09%
SMEAX	Invesco Small Cap Equity Fund	0.88%	+10.26%	+12.40%	+11.51%
MLLAX	MFS Lifetime Income Fund	0.44%	+8.10%	+8.56%	+4.47%
CONWX	Concorde Wealth Management Fund	1.62%	+8.93%	+7.46%	+10.22%
ITCSX	VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO	0.65%	+10.98%	+14.06%	+11.01%
PNSAX	Putnam Small Cap Growth Fund	1.17%	+16.26%	+22.02%	+8.87%
SPXL	Direxion Daily S&P 500 Bull 3X Shares	0.87%	+43.27%	+51.71%	+36.92%
FGRCX	Fidelity Mega Cap Stock Fund	0.47%	+20.33%	+13.65%	+9.69%
PODAX	Aristotle Portfolio Optimization Growth Fund	1.09%	+13.51%	—	—
FSCRX	Fidelity Small Cap Discovery Fund	0.91%	+5.78%	+10.17%	+12.91%
MXDPX	Empower Moderately Conservative Profile Fund	0.82%	+8.51%	+8.99%	+6.02%
RWJ	Invesco S&P SmallCap 600 Revenue ETF	0.39%	+8.60%	+10.85%	+19.13%
SSDEX	State Street Target Retirement 2045 Fund	0.09%	+18.35%	+17.50%	+11.05%
BRUFX	BRUCE FUND	0.64%	+7.50%	+5.96%	+6.58%
FFRLX	Federated Hermes Floating Rate Strategic Income Fund	0.73%	+5.85%	+7.48%	+4.68%
DIAMX	DIAMOND HILL LONG SHORT FUND	1.94%	+16.03%	+12.78%	-3.00%
NSIRX	North Star Opportunity Fund	1.56%	—	—	—
CAPAX	Federated Hermes Capital Income Fund	0.89%	+9.37%	+9.33%	+6.24%
GGAFX	GuidePath Growth Allocation Fund	0.81%	—	—	—
FAIRX	The Fairholme Fund	1.00%	-8.14%	+10.92%	+10.38%
RYNVX	Nova Fund	1.41%	+22.74%	+27.84%	+21.17%
FHZTX	Fidelity Large Cap Stock Fund	1.02%	—	—	—
THHYX	Toews Tactical Income Fund	1.37%	+3.95%	+4.90%	+2.33%
XMHQ	Invesco S&P MidCap Quality ETF	0.25%	+4.45%	+16.40%	+15.03%
VALIX	VALUE LINE CAPITAL APPRECIATION FUND INC	1.08%	+24.93%	+23.11%	+10.90%
XAR	SPDR(R) S&P(R) Aerospace & Defense ETF	0.35%	+61.06%	+33.10%	+24.39%
ARANX	Horizon Active Risk Assist Fund	1.32%	+7.14%	+11.77%	+8.89%
DHMAX	DIAMOND HILL SMALL-MID CAP FUND	1.21%	+8.41%	+7.97%	-3.14%

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