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 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 MSCI ESG Analytics Insight

ProShares Merger ETF has an MSCI ESG Fund Rating of BB based on a score of 4.05 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Merger ETF ranks in the 20th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MRGR Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 04/03/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MRGR -4.82% -4.01% -4.01% -0.78% 2.28% 0.50% --
MRGR (NAV) -4.72% -4.04% -3.91% -0.41% 2.30% 0.70% --
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%
$6.45M
$93.35K
0.22%

MRGR Portfolio Data

Merger Arbitrage
0.81%
06/24/20
29

MRGR Index Data

Multi-Factor
Multi-Factor
N/A

MRGR Portfolio Management

0.75%
--
--
--

MRGR Tax Exposures

20.00% / 39.60%
--
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 -

MRGR Factset Analytics Block Liquidity

As of 04/06/20
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

2,547
$93.35K
322
$12.42K
0.22%
$0.08
0.02%
0.56% / -0.65%
None
98.09%
25,000
0.01
0.05%
--
0
$36.79
N/A

MRGR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MRGR Top 5 Holdings Long

9.06%
4.21%
Allergan plc 4.02%

MRGR Top 5 Holdings Short

--

MRGR Performance Statistics

-0.41%
1.13%
-4.17%
0.00
0.00
-3.82
44.86

MRGR Correlations (Daily Returns 12 Mo)

0.71
0.12
0.55

MRGR MSCI ESG Ratings

4.05 / 10
--
20.35
5.97%
2.49%
214.30