MERGER FUND
NSAR-B, EX-27, 2000-11-22
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<TABLE> <S> <C>


<ARTICLE> 6
<CIK>     0000701804
<NAME>    THE MERGER FUND


<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              SEP-30-2000
<PERIOD-START>                                 OCT-01-1999
<PERIOD-END>                                   SEP-30-2000
<INVESTMENTS-AT-COST>                          1,159,014,034
<INVESTMENTS-AT-VALUE>                         1,138,132,846
<RECEIVABLES>                                  565,471,263
<ASSETS-OTHER>                                 35,224,839
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 1,738,828,948
<PAYABLE-FOR-SECURITIES>                       93,617,376
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      566,254,025
<TOTAL-LIABILITIES>                            659,871,401
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       989,066,962
<SHARES-COMMON-STOCK>                          63,835,833
<SHARES-COMMON-PRIOR>                          37,451,606
<ACCUMULATED-NII-CURRENT>                      2,327,637
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        64,174,930
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       23,388,018
<NET-ASSETS>                                   1,078,957,547
<DIVIDEND-INCOME>                              8,881,476
<INTEREST-INCOME>                              20,236,306
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 (17,000,309)
<NET-INVESTMENT-INCOME>                        12,117,473
<REALIZED-GAINS-CURRENT>                       91,904,956
<APPREC-INCREASE-CURRENT>                      31,393,328
<NET-CHANGE-FROM-OPS>                          135,415,757
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      (2,863,460)
<DISTRIBUTIONS-OF-GAINS>                       (45,138,822)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        60,043,484
<NUMBER-OF-SHARES-REDEEMED>                    (36,804,346)
<SHARES-REINVESTED>                            3,145,089
<NET-CHANGE-IN-ASSETS>                         503,508,160
<ACCUMULATED-NII-PRIOR>                        510,322
<ACCUMULATED-GAINS-PRIOR>                      32,897,016
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          7,732,018
<INTEREST-EXPENSE>                             4,014,885
<GROSS-EXPENSE>                                17,000,309
<AVERAGE-NET-ASSETS>                           772,571,358
<PER-SHARE-NAV-BEGIN>                          15.37
<PER-SHARE-NII>                                0.25
<PER-SHARE-GAIN-APPREC>                        2.50
<PER-SHARE-DIVIDEND>                           (0.07)
<PER-SHARE-DISTRIBUTIONS>                      (1.15)
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            16.90
<EXPENSE-RATIO>                                1.34




</TABLE>


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