The Merger Fund

S000005158Merger FundCIK 0000701804

Share classes

2 classes of this one portfolio · 0 exchange-listed

Class ID	Symbol	Status	Security in the master	Type
C000014124	MERFX	NOT_LISTED	not exchange-listed	—
C000129310	MERIX	NOT_LISTED	not exchange-listed	—

The share-class bridge is a snapshot, not history. The SEC's fund share-class file says what each class trades as today, not what it traded as at a past report date. A fund that changed ticker or converted from a mutual fund resolves to its present-day symbol for every historical month shown.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-03-31

Filing

NPORT-P · filed 2026-05-29

Report date: 2026-03-31
Net assets: $2,467,863,726.63
Total assets: $2,517,587,893.98
Total liabilities: $49,724,167.35
Assets invested: $0
Cash not reported in C or D: $80,826,908.72
Amendment: No
Accession: 0000940400-26-022201

By asset category

N-PORT Item C.4.a

ECEquity - common$2.01B84.2%

STIVShort-term investment veh…$220.71M9.3%

DBTDebt$144.90M6.1%

LONLoan$4.79M0.2%

DEDerivative - equity$4.76M0.2%

DFEDerivative - foreign exch…$2.37M0.1%

DIRDerivative - interest rate$393.800.0%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$2.06B86.4%

RFRegistered fund$324.20M13.6%

By issuer category

By investment country

as filed

USUS$1.63B68.5%

KYKY$718.91M30.1%

VGVG$14.80M0.6%

JEJE$9.87M0.4%

BMBM$4.61M0.2%

ATAT$3.62M0.2%

CACA$62.040.0%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 41.3% of reported value reaches a classification.

Not resolved to the master(262)$1.27B53.3%

Equity(68)$334.08M14.0%

Equity · Financials(30)$302.48M12.7%

Equity · Industrials(6)$177.78M7.5%

Equity · Communication Services(2)$136.61M5.7%

Resolved, not yet classified(113)$128.52M5.4%

Equity · Health Care(3)$20.69M0.9%

Equity · Information Technology(2)$19.19M0.8%

Equity · Consumer Staples(1)$4.85M0.2%

Equity · Energy(2)-$11.50M-0.5%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($2.38B), not of the fund’s net assets ($2.47B). The two differ by cash, derivatives filed with no market value, and rounding.

Classification look-through

Holdings

489 positions in this filing

Issuer nameAsset categoryIssuer category

Holdings

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▲	Country
AI INFRASTRUCTURE ACQUISITION CORP AI Infrastructure Acquisition Corp. ORD SHS C…	AIIA	000000000 KYG013361095	EC CORP	218,207 NS	$2.19M	0.089%	KY
Brighthouse Financial Inc. Brighthouse Financial Inc. COM	BHF	10922N103 US10922N1037	EC CORP	37,181 NS	$2.23M	0.090%	US
CHENGHE ACQUISITION III CO Chenghe Acquisition III Co. UNIT EXP 090930	CHECU	000000000 KYG2086N1135	EC CORP	226,646 NS	$2.29M	0.093%	KY
Mercer Park Opportunities Corp Mercer Park Opportunities Corp USD CL A R	—	000000000 KYG6002A1058	EC CORP	219,167 NS	$2.29M	0.093%	KY
FG MERGER II CORP FG Merger II Corp. COM	—	30334J102 US30334J1025	EC CORP	227,688 NS	$2.30M	0.093%	US
CALISA ACQUISITION CORP Calisa Acquisition Corp. ORD 0.000075 CL A	ALIS	000000000 KYG1771C1015	EC CORP	230,004 NS	$2.31M	0.093%	KY
BLUE ACQUISITION CORP Blue Acquisition Corp. ORD SHS CL A	BACC	000000000 KYG1331A1085	EC CORP	231,983 NS	$2.37M	0.096%	KY
M EVO GLOBAL ACQUISITION CORP II M Evo Global Acquisition Corp. II UNIT EXP 01…	MEVOU	000000000 KYG6071J1287	EC CORP	241,404 NS	$2.42M	0.098%	KY
GIGCAPITAL9 CORP GigCapital9 Corp. UNIT CL A & RT PUR 1/5TH CL…	GIXXU	000000000 KYG3865B1068	EC CORP	247,524 NS	$2.49M	0.101%	KY
RIBBON ACQUISITION CORP Ribbon Acquisition Corp. ORD SHS CL A	RIBB	000000000 KYG7552W1096	EC CORP	250,715 NS	$2.63M	0.107%	KY
LAUNCHPAD CADENZA ACQUISITION CORP I Launchpad Cadenza Acquisition Corp. I UNIT EX…	LPCVU	000000000 KYG6001S1232	EC CORP	273,602 NS	$2.73M	0.111%	KY
CARTESIAN GROWTH CORP III Cartesian Growth Corp. III COM CL A	—	000000000 KYG193071001	EC CORP	279,845 NS	$2.87M	0.116%	KY
MESHFLOW ACQUISITION CORP Meshflow Acquisition Corp. UNIT EXP 111930	MESHU	000000000 KYG6032N1271	EC CORP	288,278 NS	$2.87M	0.116%	KY
ACTIVATE ENERGY ACQUISITION CORP Activate Energy Acquisition Corp. UNIT EXP 11…	AEAQU	000000000 KYG0081J1296	EC CORP	288,175 NS	$2.89M	0.117%	KY
SILVER PEGASUS ACQUISITION CORP Silver Pegasus Acquisition Corp. SHS CL A	SPEG	000000000 KYG8192J1022	EC CORP	288,479 NS	$2.93M	0.119%	KY
Quartzsea Acquisition Corp Quartzsea Acquisition Corp ORD SHS	QSEA	000000000 KYG7314B1041	EC CORP	283,194 NS	$2.94M	0.119%	KY
UY SCUTI ACQUISITION CORP UY Scuti Acquisition Corp. ORD SHS	UYSC	000000000 KYG93Y0A1045	EC CORP	291,138 NS	$3.01M	0.122%	KY
D. BORAL ARC ACQUISITION I CORP D. Boral ARC Acquisition I Corp. SHS CL A	BCAR	000000000 VGG2616F1018	EC CORP	308,551 NS	$3.12M	0.127%	VG
STARRY SEA ACQUISITION CORP Starry Sea Acquisition Corp. SHS	SSEA	000000000 KYG8559L1124	EC CORP	309,087 NS	$3.14M	0.127%	KY
SilverBox Corp IV SilverBox Corp IV SHS CL A	SBXD	000000000 KYG813541052	EC CORP	293,505 NS	$3.14M	0.127%	KY
A PARADISE ACQUISITION CORP A Paradise Acquisition Corp. COM CL A	—	000000000 VGG048191016	EC CORP	327,404 NS	$3.33M	0.135%	VG
CSLM DIGITAL ASSET ACQUISITION CORP III LTD CSLM Digital Asset Acquisition Corp III Ltd. …	KOYNU	000000000 KYG2584S1350	EC CORP	329,668 NS	$3.34M	0.135%	KY
AI INFRASTRUCTURE ACQUISITION CORP AI Infrastructure Acquisition Corp. UNIT 1 CO…	—	000000000 KYG013361251	EC CORP	329,547 NS	$3.37M	0.137%	KY
Future Vision II Acquisition Corp Future Vision II Acquisition Corp SHS	FVN	000000000 KYG370681069	EC CORP	322,503 NS	$3.47M	0.141%	KY
LIONHEART HOLDINGS LTD Lionheart Holdings SHS CL A	CUB	000000000 KYG5501C1096	EC CORP	329,651 NS	$3.54M	0.144%	KY
ams OSRAM AG AMSSW 10.5 03/30/29 REGs	—	000000000 XS2724532333	DBT CORP	2,990,000 PA	$3.62M EUR	0.147%	AT
Rising Dragon Acquisition Corp Rising Dragon Acquisition Corp SHS	RDAC	000000000 KYG7576K1076	EC CORP	350,634 NS	$3.66M	0.148%	KY
MILUNA ACQUISITION CORP Miluna Acquisition Corp. USD CL A ORD SHS	MMTX	000000000 KYG6180J1004	EC CORP	370,330 NS	$3.71M	0.150%	KY
CANTOR EQUITY PARTNERS V INC Cantor Equity Partners V Inc. SHS CL A S	CEPV	000000000 KYG1828S1093	EC CORP	370,588 NS	$3.74M	0.152%	KY
GigCapital7 Corp GigCapital7 Corp ORD SHS CL A	—	000000000 KYG386481041	EC CORP	354,535 NS	$3.78M	0.153%	KY
Origin Investment Corp I Origin Investment Corp I ORD SHS	ORIQ	000000000 KYG677511001	EC CORP	370,300 NS	$3.78M	0.153%	KY
AA MISSION ACQUISITION CORP II AA Mission Acquisition Corp. II ORD SHS CL A	YCY	000000000 KYG1000S1093	EC CORP	394,961 NS	$3.96M	0.161%	KY
Cantaloupe Inc. Cantaloupe Inc. COM	—	138103106 US1381031061	EC CORP	376,024 NS	$4.06M	0.165%	US
PERMIAN RESOURCES OPERATING LLC PR 8 04/15/27 144A	—	27034RAA1 US27034RAA14	DBT CORP	4,088,000 PA	$4.09M	0.166%	US
SC II ACQUISITION CORP SC II Acquisition Corp. ORD SHS USD0.0001 CL A	SCII	000000000 KYG7866D1025	EC CORP	411,153 NS	$4.10M	0.166%	KY
DRUGS MADE IN AMERICA ACQUISITION II CORP Drugs Made In America Acquisition II Corp. US…	DMII	000000000 KYG2851K1040	EC CORP	411,754 NS	$4.11M	0.167%	KY
EQV VENTURES ACQUISITION CORP II EQV Ventures Acquisition Corp. II UNIT EXP 06…	—	000000000 KYG3106Q1102	EC CORP	405,332 NS	$4.12M	0.167%	KY
SPACSPHERE ACQUISITION CORP SPACSphere Acquisition Corp. UNIT EXP 020631	SSACU	000000000 KYG8T0881250	EC CORP	412,633 NS	$4.16M	0.168%	KY
DRUGS MADE IN AMERICA ACQUISITION II CORP Drugs Made In America Acquisition II Corp. UN…	DMIIU	000000000 KYG2851K1206	EC CORP	414,523 NS	$4.16M	0.169%	KY
NMP ACQUISITION CORP NMP Acquisition Corp. CL A	NMP	000000000 KYG6375X1043	EC CORP	412,088 NS	$4.19M	0.170%	KY
NEWHOLD INVESTMENT CORP III NewHold Investment Corp. III ORD SHS CL A	NHIC	000000000 KYG6486E1026	EC CORP	408,082 NS	$4.24M	0.172%	KY
Vendome Acquisition Corp I Vendome Acquisition Corp I COM CL A	VNME	000000000 KYG9580A1094	EC CORP	425,585 NS	$4.31M	0.175%	KY
GORES HOLDINGS X INC Gores Holdings X Inc. SHS CL A	GTEN	000000000 KYG4002F1090	EC CORP	423,383 NS	$4.33M	0.175%	KY
MELAR ACQUISITION CORP I Melar Acquisition Corp. I SHS CL A	MACI	000000000 KYG6004G1001	EC CORP	402,775 NS	$4.35M	0.176%	KY
PANTAGES CAPITAL ACQUISITION CORP Pantages Capital Acquisition Corp. ORD SHS CL…	PGAC	000000000 KYG8089R1002	EC CORP	425,393 NS	$4.46M	0.181%	KY
THAYER VENTURES ACQUISITION CORP II Thayer Ventures Acquisition Corp. II CL A	TVAI	000000000 KYG878901027	EC CORP	437,717 NS	$4.48M	0.181%	KY
YORKVILLE ACQUISITION CORP Yorkville Acquisition Corp. SHS CL A	MCGA	000000000 KYG986591165	EC CORP	453,704 NS	$4.59M	0.186%	KY
VALARIS LTD Valaris Ltd. CL A	VAL	000000000 BMG9460G1015	EC CORP	47,022 NS	$4.61M	0.187%	BM
Live Oak Acquisition Corp V Live Oak Acquisition Corp V CL A SHS	—	000000000 KYG5509P1028	EC CORP	447,323 NS	$4.65M	0.189%	KY
BLUE WATER ACQUISITION CORP III Blue Water Acquisition Corp. III ORD SHS CL A	BLUW	000000000 KYG1368E1061	EC CORP	465,117 NS	$4.79M	0.194%	KY

Issuer↕

In master

CUSIP / ISIN

Asset

Balance↕

Value↕

Weight▲

Country

AI INFRASTRUCTURE ACQUISITION CORP

AI Infrastructure Acquisition Corp. ORD SHS C…

AIIA

000000000

KYG013361095

CORP

218,207 NS

$2.19M

0.089%

Brighthouse Financial Inc.

Brighthouse Financial Inc. COM

BHF

10922N103

US10922N1037

CORP

37,181 NS

$2.23M

0.090%

CHENGHE ACQUISITION III CO

Chenghe Acquisition III Co. UNIT EXP 090930

CHECU

000000000

KYG2086N1135

CORP

226,646 NS

$2.29M

0.093%

Mercer Park Opportunities Corp

Mercer Park Opportunities Corp USD CL A R

—

000000000

KYG6002A1058

CORP

219,167 NS

$2.29M

0.093%

FG MERGER II CORP

FG Merger II Corp. COM

—

30334J102

US30334J1025

CORP

227,688 NS

$2.30M

0.093%

CALISA ACQUISITION CORP

Calisa Acquisition Corp. ORD 0.000075 CL A

ALIS

000000000

KYG1771C1015

CORP

230,004 NS

$2.31M

0.093%

BLUE ACQUISITION CORP

Blue Acquisition Corp. ORD SHS CL A

BACC

000000000

KYG1331A1085

CORP

231,983 NS

$2.37M

0.096%

M EVO GLOBAL ACQUISITION CORP II

M Evo Global Acquisition Corp. II UNIT EXP 01…

MEVOU

000000000

KYG6071J1287

CORP

241,404 NS

$2.42M

0.098%

GIGCAPITAL9 CORP

GigCapital9 Corp. UNIT CL A & RT PUR 1/5TH CL…

GIXXU

000000000

KYG3865B1068

CORP

247,524 NS

$2.49M

0.101%

RIBBON ACQUISITION CORP

Ribbon Acquisition Corp. ORD SHS CL A

RIBB

000000000

KYG7552W1096

CORP

250,715 NS

$2.63M

0.107%

LAUNCHPAD CADENZA ACQUISITION CORP I

Launchpad Cadenza Acquisition Corp. I UNIT EX…

LPCVU

000000000

KYG6001S1232

CORP

273,602 NS

$2.73M

0.111%

CARTESIAN GROWTH CORP III

Cartesian Growth Corp. III COM CL A

—

000000000

KYG193071001

CORP

279,845 NS

$2.87M

0.116%

MESHFLOW ACQUISITION CORP

Meshflow Acquisition Corp. UNIT EXP 111930

MESHU

000000000

KYG6032N1271

CORP

288,278 NS

$2.87M

0.116%

ACTIVATE ENERGY ACQUISITION CORP

Activate Energy Acquisition Corp. UNIT EXP 11…

AEAQU

000000000

KYG0081J1296

CORP

288,175 NS

$2.89M

0.117%

SILVER PEGASUS ACQUISITION CORP

Silver Pegasus Acquisition Corp. SHS CL A

SPEG

000000000

KYG8192J1022

CORP

288,479 NS

$2.93M

0.119%

Quartzsea Acquisition Corp

Quartzsea Acquisition Corp ORD SHS

QSEA

000000000

KYG7314B1041

CORP

283,194 NS

$2.94M

0.119%

UY SCUTI ACQUISITION CORP

UY Scuti Acquisition Corp. ORD SHS

UYSC

000000000

KYG93Y0A1045

CORP

291,138 NS

$3.01M

0.122%

D. BORAL ARC ACQUISITION I CORP

D. Boral ARC Acquisition I Corp. SHS CL A

BCAR

000000000

VGG2616F1018

CORP

308,551 NS

$3.12M

0.127%

STARRY SEA ACQUISITION CORP

Starry Sea Acquisition Corp. SHS

SSEA

000000000

KYG8559L1124

CORP

309,087 NS

$3.14M

0.127%

SilverBox Corp IV

SilverBox Corp IV SHS CL A

SBXD

000000000

KYG813541052

CORP

293,505 NS

$3.14M

0.127%

A PARADISE ACQUISITION CORP

A Paradise Acquisition Corp. COM CL A

—

000000000

VGG048191016

CORP

327,404 NS

$3.33M

0.135%

CSLM DIGITAL ASSET ACQUISITION CORP III LTD

CSLM Digital Asset Acquisition Corp III Ltd. …

KOYNU

000000000

KYG2584S1350

CORP

329,668 NS

$3.34M

0.135%

AI INFRASTRUCTURE ACQUISITION CORP

AI Infrastructure Acquisition Corp. UNIT 1 CO…

—

000000000

KYG013361251

CORP

329,547 NS

$3.37M

0.137%

Future Vision II Acquisition Corp

Future Vision II Acquisition Corp SHS

FVN

000000000

KYG370681069

CORP

322,503 NS

$3.47M

0.141%

LIONHEART HOLDINGS LTD

Lionheart Holdings SHS CL A

CUB

000000000

KYG5501C1096

CORP

329,651 NS

$3.54M

0.144%

ams OSRAM AG

AMSSW 10.5 03/30/29 REGs

—

000000000

XS2724532333

DBT

CORP

2,990,000 PA

$3.62M

EUR

0.147%

Rising Dragon Acquisition Corp

Rising Dragon Acquisition Corp SHS

RDAC

000000000

KYG7576K1076

CORP

350,634 NS

$3.66M

0.148%

MILUNA ACQUISITION CORP

Miluna Acquisition Corp. USD CL A ORD SHS

MMTX

000000000

KYG6180J1004

CORP

370,330 NS

$3.71M

0.150%

CANTOR EQUITY PARTNERS V INC

Cantor Equity Partners V Inc. SHS CL A S

CEPV

000000000

KYG1828S1093

CORP

370,588 NS

$3.74M

0.152%

GigCapital7 Corp

GigCapital7 Corp ORD SHS CL A

—

000000000

KYG386481041

CORP

354,535 NS

$3.78M

0.153%

Origin Investment Corp I

Origin Investment Corp I ORD SHS

ORIQ

000000000

KYG677511001

CORP

370,300 NS

$3.78M

0.153%

AA MISSION ACQUISITION CORP II

AA Mission Acquisition Corp. II ORD SHS CL A

YCY

000000000

KYG1000S1093

CORP

394,961 NS

$3.96M

0.161%

Cantaloupe Inc.

Cantaloupe Inc. COM

—

138103106

US1381031061

CORP

376,024 NS

$4.06M

0.165%

PERMIAN RESOURCES OPERATING LLC

PR 8 04/15/27 144A

—

27034RAA1

US27034RAA14

DBT

CORP

4,088,000 PA

$4.09M

0.166%

SC II ACQUISITION CORP

SC II Acquisition Corp. ORD SHS USD0.0001 CL A

SCII

000000000

KYG7866D1025

CORP

411,153 NS

$4.10M

0.166%

DRUGS MADE IN AMERICA ACQUISITION II CORP

Drugs Made In America Acquisition II Corp. US…

DMII

000000000

KYG2851K1040

CORP

411,754 NS

$4.11M

0.167%

EQV VENTURES ACQUISITION CORP II

EQV Ventures Acquisition Corp. II UNIT EXP 06…

—

000000000

KYG3106Q1102

CORP

405,332 NS

$4.12M

0.167%

SPACSPHERE ACQUISITION CORP

SPACSphere Acquisition Corp. UNIT EXP 020631

SSACU

000000000

KYG8T0881250

CORP

412,633 NS

$4.16M

0.168%

DRUGS MADE IN AMERICA ACQUISITION II CORP

Drugs Made In America Acquisition II Corp. UN…

DMIIU

000000000

KYG2851K1206

CORP

414,523 NS

$4.16M

0.169%

NMP ACQUISITION CORP

NMP Acquisition Corp. CL A

NMP

000000000

KYG6375X1043

CORP

412,088 NS

$4.19M

0.170%

NEWHOLD INVESTMENT CORP III

NewHold Investment Corp. III ORD SHS CL A

NHIC

000000000

KYG6486E1026

CORP

408,082 NS

$4.24M

0.172%

Vendome Acquisition Corp I

Vendome Acquisition Corp I COM CL A

VNME

000000000

KYG9580A1094

CORP

425,585 NS

$4.31M

0.175%

GORES HOLDINGS X INC

Gores Holdings X Inc. SHS CL A

GTEN

000000000

KYG4002F1090

CORP

423,383 NS

$4.33M

0.175%

MELAR ACQUISITION CORP I

Melar Acquisition Corp. I SHS CL A

MACI

000000000

KYG6004G1001

CORP

402,775 NS

$4.35M

0.176%

PANTAGES CAPITAL ACQUISITION CORP

Pantages Capital Acquisition Corp. ORD SHS CL…

PGAC

000000000

KYG8089R1002

CORP

425,393 NS

$4.46M

0.181%

THAYER VENTURES ACQUISITION CORP II

Thayer Ventures Acquisition Corp. II CL A

TVAI

000000000

KYG878901027

CORP

437,717 NS

$4.48M

0.181%

YORKVILLE ACQUISITION CORP

Yorkville Acquisition Corp. SHS CL A

MCGA

000000000

KYG986591165

CORP

453,704 NS

$4.59M

0.186%

VALARIS LTD

Valaris Ltd. CL A

VAL

000000000

BMG9460G1015

CORP

47,022 NS

$4.61M

0.187%

Live Oak Acquisition Corp V

Live Oak Acquisition Corp V CL A SHS

—

000000000

KYG5509P1028

CORP

447,323 NS

$4.65M

0.189%

BLUE WATER ACQUISITION CORP III

Blue Water Acquisition Corp. III ORD SHS CL A

BLUW

000000000

KYG1368E1061

CORP

465,117 NS

$4.79M

0.194%