MERVX Performance — The Merger Fund VL
Data updated: 2026-08-28
MERVX returned +1.50% year to date and +4.94% over one year to Jun 2026. Annualised returns are +6.28% over 3 years and +3.38% over 5 years. The fund trailed its Global Mid-Cap Blend category average: $100 invested three years ago grew to $120, against $147 for the category, and to $105 over one year, against $118. Volatility over the past three years was 1.80% a year. In the 12 months to Jun 2026 the fund took in a net $394K, and assets reached $23.79M.
MERVX Growth of $100
What $100 invested in The Merger Fund VL grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Blend category average over the same months.
| Period | MERVX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $120 | $147 |
| 5 years (Jul 2021 – Jun 2026) | $118 | $150 |
| Since data start (Jul 2019 – Jun 2026) | $135 | $193 |
MERVX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.50% |
| 1 year | +4.94% |
| 3 years (annualised) | +6.28% |
| 5 years (annualised) | +3.38% |
MERVX Annual Returns
Calendar-year total returns of The Merger Fund VL, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.50% |
| 2025 | +8.63% |
| 2024 | +3.44% |
| 2023 | +4.34% |
| 2022 | +0.87% |
| 2021 | +1.07% |
| 2020 | +7.38% |
| 2019 (Jul–Dec) | +3.43% |
MERVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +0.4% | +0.3% | 0.0% | +0.2% | +0.5% | — | — | — | — | — | — |
| 2025 | +1.0% | +1.1% | +0.4% | +1.0% | +0.9% | +0.5% | +1.2% | +0.2% | +0.7% | +0.5% | +0.4% | +0.4% |
| 2024 | 0.0% | 0.0% | +0.6% | −0.9% | +0.4% | +0.6% | +1.5% | +0.2% | 0.0% | +0.2% | +0.1% | +0.7% |
| 2023 | 0.0% | +0.3% | −0.2% | +0.4% | −2.1% | +0.7% | +0.4% | +1.8% | +1.0% | −0.2% | +1.2% | +0.9% |
| 2022 | +0.1% | +0.2% | 0.0% | −0.5% | −0.7% | −0.7% | +1.2% | +0.8% | −0.5% | +1.1% | −0.5% | +0.5% |
| 2021 | +1.5% | +1.5% | −0.8% | +1.2% | +0.3% | −0.9% | −2.5% | +0.1% | +0.6% | 0.0% | −0.2% | +0.3% |
| 2020 | +0.4% | −0.4% | −2.7% | +2.4% | +0.1% | +0.4% | +1.1% | +0.5% | +0.8% | +0.2% | +2.5% | +1.9% |
| 2019 | — | — | — | — | — | — | +0.9% | +0.3% | +0.4% | +0.4% | +0.4% | +0.8% |
MERVX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.80%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +1.80% (Aug 2023)
- Worst month: −0.89% (Apr 2024)
MERVX Fund Flows
Monthly money in and out of The Merger Fund VL, from SEC Form N-PORT.
- 12-month net flow: $394K
- 12-month gross sales (incl. reinvestments): $3.2M
- Sales ÷ redemptions: 1.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $117K | $182K | −$65K |
| May 2026 | $36K | $166K | −$129K |
| Apr 2026 | $34K | $202K | −$168K |
| Mar 2026 | $140K | $520K | −$380K |
| Feb 2026 | $44K | $109K | −$65K |
| Jan 2026 | $36K | $288K | −$253K |
| Dec 2025 | $1.9M | $321K | $1.6M |
| Nov 2025 | $126K | $373K | −$247K |
| Oct 2025 | $216K | $132K | $84K |
| Sep 2025 | $339K | $49K | $290K |
| Aug 2025 | $18K | $320K | −$302K |
| Jul 2025 | $144K | $95K | $49K |
MERVX Assets Under Management
Net assets of The Merger Fund VL by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $23.79M |
| 2026-03-31 | $24.00M |
| 2025-12-31 | $24.49M |
| 2025-09-30 | $24.55M |
| 2025-06-30 | $24.04M |
| 2025-03-31 | $24.33M |
| 2024-12-31 | $32.44M |
| 2024-09-30 | $32.95M |
| 2024-06-28 | $33.50M |
| 2024-03-28 | $34.44M |
| 2023-12-29 | $35.19M |
| 2023-09-29 | $38.60M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.