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 1/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| MRGR NAV | 0.48% | 2.68% | 7.54% | 0.48% | 10.58% | 8.22% | 4.47% | 3.37% | 2.10% | 12/11/2012 |
| MRGR Market Price | 0.88% | 2.99% | 8.46% | 0.88% | 11.27% | 8.50% | 4.63% | 3.53% | 2.15% | 12/11/2012 |
| S&P Merger Arbitrage Index | 0.48% | 2.94% | 8.42% | 0.48% | 11.61% | 9.12% | 5.55% | 4.26% | 3.13% | -- |
| 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 1/30/2026- Number of Companies 41
- Avg. Market Cap $7.18 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 2/20/2026- NAV $44.67
- NAV Change $+0.00
- Market Price $44.64
- Market Price Change $-0.18
- Trading Volume (M) 31,169
- 30-Day Median Bid Ask Spread 0.18%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 0.52%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 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 1/30/2026- Number of Companies 41
- Avg. Market Cap $7.18 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 2/20/2026- NAV $44.67
- NAV Change $+0.00
- Market Price $44.64
- Market Price Change $-0.18
- Trading Volume (M) 31,169
- 30-Day Median Bid Ask Spread 0.18%
- View Premium / Discount
Distributions
as of 1/30/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 0.52%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 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 2/20/2026
Holdings
as of 2/20/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 3.79% | NGD | NEW GOLD INC | -- | $593,019.74 | 48,623 | 2826947 |
| 3.29% | TECK/B | TECK RESOURCES LTD-CLS B | -- | $515,095.01 | 8,668 | 2879327 |
| 2.82% | AXTA | AXALTA COATING SYSTEMS LTD | -- | $441,171.60 | 12,795 | BSFWCF5 |
| 2.73% | SNCY | SUN COUNTRY AIRLINES HOLDING | -- | $427,601.92 | 20,879 | BM8TFC9 |
| 2.67% | KVUE | KENVUE INC | -- | $416,838.24 | 22,267 | BQ84ZQ6 |
| 2.66% | VAL | VALARIS LTD | -- | $416,129.50 | 4,346 | BMY0YX0 |
| 2.56% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $399,931.86 | 5,802 | B03PGL4 |
| 2.49% | STEL | STELLAR BANCORP INC | -- | $389,882.38 | 10,033 | BQBCZY5 |
| 2.44% | JHG | JANUS HENDERSON GROUP PLC | -- | $381,068.20 | 7,591 | BYPZJQ6 |
| 2.43% | NSC | NORFOLK SOUTHERN CORP | -- | $379,792.23 | 1,201 | 2641894 |
| 2.37% | -- | QUBE HOLDINGS LTD COMMON STOCK AUD | -- | $370,943.79 | 103,500 | -- |
| 2.36% | CFLT | CONFLUENT INC-CLASS A | -- | $369,321.00 | 12,030 | BNXH3Z4 |
| 2.35% | EXAS | EXACT SCIENCES CORP | -- | $367,900.51 | 3,557 | 2719951 |
| 2.35% | WBS | WEBSTER FINANCIAL CORP | -- | $367,496.52 | 5,028 | 2945143 |
| 2.35% | VTYX | VENTYX BIOSCIENCES INC | -- | $366,796.32 | 26,256 | BMG99Y1 |
| 2.34% | RAPT | RAPT THERAPEUTICS INC | -- | $366,575.68 | 6,329 | BTJZB49 |
| 2.34% | DBRG | DIGITALBRIDGE GROUP INC | -- | $366,427.60 | 23,794 | BPW6ZP0 |
| 2.34% | SLAB | SILICON LABORATORIES INC | -- | $365,487.04 | 1,786 | 2568131 |
| 2.34% | KW | KENNEDY-WILSON HOLDINGS INC | -- | $365,150.00 | 33,500 | B298495 |
| 2.33% | MASI | MASIMO CORP | -- | $365,083.50 | 2,085 | B1YWR63 |
| 2.33% | FOLD | AMICUS THERAPEUTICS INC | -- | $363,934.86 | 25,379 | B19FQ48 |
| 2.33% | TPH | TRI POINTE HOMES INC | -- | $363,533.50 | 7,850 | B92CQF3 |
| 2.32% | RNA | AVIDITY BIOSCIENCES INC | -- | $363,279.96 | 4,986 | BMWHPY1 |
| 2.32% | GLDD | GREAT LAKES DREDGE & DOCK CO | -- | $363,135.00 | 21,500 | B1LDZK9 |
| 2.32% | OS | ONESTREAM INC | -- | $362,262.78 | 15,422 | BSWW173 |
| 2.32% | ALLFG | ALLFUNDS GROUP PLC | -- | $361,975.47 | 37,567 | BNTJ354 |
| 2.31% | SEMR | SEMRUSH HOLDINGS INC-A | -- | $360,994.62 | 30,541 | BMFPJH3 |
| 2.30% | AAUC | ALLIED GOLD CORP | -- | $360,266.58 | 11,492 | BS5YX69 |
| 2.30% | -- | IHS HOLDING LTD COMMON STOCK USD 0.3 | -- | $360,098.00 | 44,900 | -- |
| 2.30% | HOLX | HOLOGIC INC | -- | $359,273.09 | 4,763 | 2433530 |
| 2.29% | -- | SCHRODERS PLC COMMON STOCK GBP 20 | -- | $358,076.30 | 45,300 | -- |
| 2.25% | PEN | PENUMBRA INC | -- | $352,255.68 | 1,038 | BZ0V201 |
| 2.23% | GTLS | CHART INDUSTRIES INC | -- | $348,667.11 | 1,683 | B19HNF4 |
| 2.22% | JDEP | JDE PEET'S NV | -- | $347,472.71 | 9,294 | BMC4ZZ3 |
| 2.22% | AHL | ASPEN INSURANCE HOLDINGS-A | -- | $346,612.50 | 9,243 | BTRVNM1 |
| 2.20% | TWO | TWO HARBORS INVESTMENT CORP | -- | $344,011.36 | 31,912 | BP9S504 |
| 2.19% | AL | AIR LEASE CORP | -- | $342,854.62 | 5,282 | B3XS562 |
| 2.19% | TXNM | TXNM ENERGY INC | -- | $342,844.30 | 5,806 | 2707826 |
| 2.18% | EA | ELECTRONIC ARTS INC | -- | $340,279.20 | 1,698 | 2310194 |
| 2.03% | SKYT | SKYWATER TECHNOLOGY INC | -- | $316,856.40 | 11,260 | BMDXB06 |
| 0.11% | -- | VERVE THERAPEUTICS INC COMMON STOCK USD | -- | $16,663.50 | 26,450 | -- |
| 27.75% | -- | S&P MERGER ARBITRAGE LONG INDEX SWAP SOCIETE GENERALE | 4,339,282 | -- | 1,305 | -- |
| 0.06% | -- | S&P MERGER ARBITRAGE LONG SUB-INDEX SWAP CITIBANK NA | 9,975 | -- | 03 | -- |
| -0.06% | -- | S&P MERGER ARBITRAGE SHORT SUB-INDEX SWAP CITIBANK NA | -8,683 | -- | -03 | -- |
| -- | -- | UNITED KINGDOM POUND CURRENCY CONTRACT - USD | -357,489 | -- | -265,000 | -- |
| -- | -- | AUSTRALIA DOLLAR CURRENCY CONTRACT - USD | -371,067 | -- | -524,000 | -- |
| -- | -- | EUROPEAN EURO CURRENCY CONTRACT - USD | -709,948 | -- | -601,000 | -- |
| -- | -- | CANADA DOLLAR CURRENCY CONTRACT - USD | -1,422,676 | -- | -1,943,000 | -- |
| -37.69% | -- | S&P MERGER ARBITRAGE SHORT SUB-INDEX SWAP SOCIETE GENERALE | -5,892,978 | -- | -2,036 | -- |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $528,363.38 | 528,363 | -- |
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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