|
| Release date as of 2025-06-30. Data on page is subject to change. |
|
|
| Fees and Expenses |
Taken from prospectus dated 2025-04-28 |
|
| Maximum Fees |
| Administrative |
--- |
| Management |
1.25%
|
| 12b-1 |
--- |
|
|
| Actual Fees |
| 12b-1 |
--- |
| Management |
1.25%
|
| Expense Ratio |
1.51%
|
(taken from annual report dated 2024-12-31) |
| Total Annual Operating Expense |
1.79%
|
|
|
|
|
Type |
Date |
% |
| ExpenseRatio |
Contractual |
2026-04-30 |
0.25 |
|
|
|
|
|
| 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 |
| Roy Behren is co-president and co-chief investment officer at Westchester Capital Management, LLC, and an investment management affiliate of Virtus Investment Partners. Mr. Behren is also a co-portfolio manager at Westchester and its affiliate, Westchester Capital Partners, LLC.
Mr. Behren was named managing partner of Westchester in 2010, having held the role of chief compliance officer from September 2002 through June 2010. He joined Westchester in 1994 from the U.S. Securities and Exchange Commission’s New York Regional Office, where he worked as an enforcement attorney for seven years. He also served as a member of Redback Networks’ board of directors and its audit committee from 2004 through 2006.
Mr. Behren earned a B.S. in economics at The Wharton School, a J.D. from the University of Miami Law School, and an LL.M. in corporate law from the New York University School of Law. He began working in the investment industry in 1987. |
|
|
|
| Virtus Investment Advisers, LLC |
|
| 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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