|
| Release date as of 2024-03-31. Data on page is subject to change. |
|
|
| Fees and Expenses |
Taken from prospectus dated 2023-04-28 |
|
| Maximum Fees |
| Administrative |
0.10%
|
| Management |
1.25%
|
| 12b-1 |
--- |
|
|
| Actual Fees |
| 12b-1 |
--- |
| Management |
1.25%
|
| Expense Ratio |
1.59%
|
(taken from annual report dated 2023-12-31) |
| Total Annual Operating Expense |
1.68%
|
|
|
|
|
Type |
Date |
% |
| ExpenseRatio |
Contractual |
2024-04-30 |
0.16 |
|
|
|
|
|
| Inception Date: 2004-05-26 |
|
|
|
|
| Mngr Name |
Michael T. Shannon |
| Mngr Start Date |
2007-01-31 |
|
| Biography |
| Mr. Shannon has served as Co-President of the Westchester Capital Management, LLC (“Westchester”) since 2011 and Co-Chief Investment Officer since October 2021. Mr. Shannon served as Westchester’s Director of Research from May 1996 until April 2005. From April 2005 to April 2006, Mr. Shannon was Senior Vice President in charge of the Special Situations and Mergers Group of D.E. Shaw & Co. Mr. Shannon returned to Westchester in May 2006 as a research analyst and portfolio strategist and has served as a portfolio manager for the Fund since January 2007.
Mr. Shannon is a Partner of Pembroke where he is also a Portfolio Manager. He graduated from McGill University in 1980 in Electrical Engineering and from the Richard Ivey School of Business at The University of Western Ontario in 1983 with a master’s in business administration degree. He received his Chartered Financial Analyst designation in 1990. |
|
|
| Mngr Name |
Roy D. Behren |
| Mngr Start Date |
2007-01-31 |
|
| Biography |
| Mr. Roy Behren serves as Managing Partner, Member of Investment Committee, Managing Member and Portfolio Manager at Westchester Capital Funds. He was also their Chief Compliance Officer from September 2002 through June 2010. After earning a B.S. in Economics at The Wharton School, he received a J.D. degree from the University of Miami Law School and an LL.M. degree in corporate law from the New York University School of Law. In 1987, he joined the U.S. Securities and Exchange Commission's New York Regional Office, where he worked as an enforcement attorney for seven years prior to starting his investment career at WCM. From 2004 through 2006, Roy served as a member of Redback Networks' Board of Directors and its Audit Committee. |
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|
|
| Virtus Investment Advisers, Inc. |
|
| Westchester Capital Management LLC |
|
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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