MRGR
ProShares Merger ETF·CBOE
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Key Stats
Assets Under Management
13.41MUSD
Fund Flows (1Y)
1.47MUSD
Dividend Yield
3.20%
Discount/Premium to NAV
0.37%
Shares Outstanding
300.00K
Expense Ratio
0.75%
About ProShares Merger ETF
Issuer
ProShare Advisors
Brand
ProShares
Inception Date
Dec 11, 2012
Structure
Open-Ended Fund
Index Tracked
S&P Merger Arbitrage Index
Management Style
Passive
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 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.
Classification
Asset Class
Alternatives
Category
Hedge Fund Strategies
Focus
Long/Short
Niche
Merger Arbitrage
Strategy
Multi-factor
Geography
Developed Markets
Weighting Scheme
Multi-Factor
Selection Criteria
Multi-factor
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.16% | +0.93% | +0.03% | +10.38% | +26.69% | +23.10% |
NAV Total Return | +0.42% | -0.78% | +0.08% | +7.79% | +17.74% | +12.82% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Healthcare
24.66%
Financial Services
13.63%
Industrials
13.59%
Basic Materials
13.32%
Technology
10.63%
Consumer Defensive
10.62%
Utilities
5.54%
Real Estate
5.52%
Communication Services
2.50%
Healthcare
24.66%
Financial Services
13.63%
Industrials
13.59%
Basic Materials
13.32%
Technology
10.63%
Consumer Defensive
10.62%
Utilities
5.54%
Real Estate
5.52%
Communication Services
2.50%
Asset
Region
92.76%
7.24%
Category
Ratio
North America
92.76%
Europe
7.24%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
S&P MERGER ARBITRAGE LONG INDEX SWAP SOCIETE GENERALE
25.99%
TECK RESOURCES LTD-CLS B
2.98%
NEW GOLD INC
2.95%
AXALTA COATING SYSTEMS LTD
2.78%
AVADEL PHARMACEUTICALS
2.63%
NORTHWESTERN ENERGY GROUP IN
2.60%
SUN COUNTRY AIRLINES HOLDING
2.60%
KENVUE INC
2.59%
STELLAR BANCORP INC
2.50%
TWO HARBORS INVESTMENT CORP
2.45%
Top 10 Weight 50.07%
41 Total Holdings
Is SPY better than MRGR?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-24 | 2025-12-24 | 2025-12-31 | 0.818 |
| 2025-09-24 | 2025-09-24 | 2025-09-30 | 0.214 |
| 2025-06-25 | 2025-06-25 | 2025-07-01 | 0.085 |
| 2025-03-26 | 2025-03-26 | 2025-04-01 | 0.132 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.993 |
| 2024-09-25 | 2024-09-25 | 2024-10-02 | 0.073 |
| 2024-06-26 | 2024-06-26 | 2024-07-03 | 0.009 |
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Premium/Discount Chart
Assets Under Management
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Fund Flows
