Key stats
About ProShares Merger ETF
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Inception date
Dec 11, 2012
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
MRGR employs a straightforward merger arbitrage strategy, which capitalize on the spread between the target companys 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 funds 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks76.20%
Finance9.30%
Electronic Technology8.50%
Technology Services8.48%
Consumer Services5.76%
Health Technology5.68%
Retail Trade5.63%
Consumer Non-Durables5.54%
Commercial Services4.09%
Producer Manufacturing3.08%
Non-Energy Minerals2.99%
Process Industries2.94%
Industrial Services2.93%
Miscellaneous2.92%
Distribution Services2.83%
Utilities2.82%
Communications2.72%
Bonds, Cash & Other23.80%
Cash23.80%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MRGR last dividends amounted to 0.13 USD. The quarter before, the issuer paid 0.99 USD in dividends, which shows a 652.43% decrease.
MRGR assets under management is 10.54 M USD. It's risen 0.71% over the last month.
MRGR fund flows account for 6.39 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MRGR pays dividends to its holders with the dividend yield of 0.87%. The last dividend (Apr 1, 2025) amounted to 0.13 USD. The dividends are paid quarterly.
MRGR shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Dec 11, 2012, and its management style is Passive.
MRGR expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
MRGR follows the S&P Merger Arbitrage Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MRGR invests in stocks.
MRGR price has risen by 0.83% over the last month, and its yearly performance shows a 5.49% increase. See more dynamics on MRGR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.60% over the last month, showed a 1.09% increase in three-month performance and has increased by 8.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.60% over the last month, showed a 1.09% increase in three-month performance and has increased by 8.77% in a year.
MRGR trades at a premium (0.27%) meaning the ETF is trading at a higher price than the calculated NAV.