MRGR

ProShares Merger ETF
*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 employs a straightforward merger arbitrage strategy, which capitalize on the spread between the target company’s current market stock price and the merger deal price. The fund tracks an S&P index that bets on the performance of stocks from developed countries that are in active pending merger deals based on a risk arbitrage strategy. Up to 40 target companies represents the long positions in the index, and up to 40 acquiring companies for the same merger deals represents short positions. MRGR gets additional long exposure, and all of its short exposure, with swaps. The fund’s long and short position have an initial 120% maximum exposure each, but its net exposure is limited to 0-100% range. Treasury bill components constitutes the remainder of the portfolio when net exposure is less than 100%. The fund hedges out its exposure relative to the US dollar.

PERFORMANCE [as of 08/12/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MRGR 1.64% 1.28% -2.53% -0.72% 2.80% 3.08% --
MRGR (NAV) 0.78% 0.71% -2.59% -1.17% 2.63% 2.94% --
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%
$25.12M
$1.38M
0.34%

MRGR Portfolio Data

Merger Arbitrage
0.35%
N/A
45

MRGR Index Data

Multi-Factor
Multi-Factor
N/A

MRGR Portfolio Management

0.75%
-1.51%
-0.22%
-1.86%

MRGR Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

MRGR Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
High
Daily

MRGR Factset Analytics Block Liquidity

As of 08/15/22
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

34,607
$1.38M
4,820
$192.36K
0.34%
$0.14
0.22%
0.76% / -0.28%
None
98.09%
25,000
0.19
0.05%
--
0
$40.27
N/A

MRGR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MRGR Top 5 Holdings Long

21.56%
3.36%

MRGR Top 5 Holdings Short

--

MRGR Performance Statistics

-1.17%
1.16%
-1.11%
-0.02
-0.02
-0.49
3.46

MRGR Correlations (Daily Returns 12 Mo)

0.52
0.16
0.01