MRGR

ProShares Merger ETF
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76
*Unless otherwise stated, data provided by FactSet.

MRGR Fund Description

MRGR tracks an index of developed-market equities involved in merger deals, with long exposure to target firms and short exposure to acquiring firms. The fund is net long and hedges FX risk.

MRGR Factset Analytics Insight

MRGR launched its merger arbitrage strategy ETF in December 2012 and in two years, investors haven't yet bitten—AUM remains tiny. The fund is 80%+ net long in equities—this doesn’t necessarily diminish its value as an M&A strategy, but those looking for low correlation to equities should consider other funds. MRGR holds about 30 names directly and gets additional long exposure and all of its short exposure with swaps. Use of swaps for shorts keeps the headline fee low, although short expenses still flow through to the bottom line. MRGR charges a competitive fee but trades poorly so far.

MRGR Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 09/16/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MRGR 0.14% 0.96% 2.19% 4.60% 2.30% 1.04% --
MRGR (NAV) 0.13% 1.17% 2.04% 4.24% 2.41% 1.09% --
S&P Merger Arbitrage Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MRGR Summary Data

ProShares
12/11/12
Open-Ended Fund
0.75%
$5.65M
$50.81K
0.36%

MRGR Portfolio Data

Merger Arbitrage
1.28%
09/25/19
45

MRGR Index Data

Multi-Factor
Multi-Factor
N/A

MRGR Portfolio Management

0.75%
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MRGR Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

MRGR Fund Structure

Open-Ended Fund
Yes
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MRGR Factset Analytics Block Liquidity

As of 09/17/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MRGR. MRGR is rated a N/A out of 5.

MRGR Tradability

1,185
$50.81K
400
$19.42K
0.36%
$0.14
0.15%
1.68% / -2.83%
None
98.09%
25,000
0.02
0.05%
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0
$37.69
N/A

MRGR Asset Allocation

Short
Long
Net
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0.00%

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0.00%

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0.00%

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0.00%

MRGR Top 5 Holdings Long

3.15%
3.05%

MRGR Top 5 Holdings Short

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MRGR Performance Statistics

4.24%
1.54%
-0.32%
0.10
0.14
-0.02
6.30

MRGR Correlations (Daily Returns 12 Mo)

0.50
-0.07
0.20

Correlation (Rolling 30 Day, 12 Mo)