For many years I observed the Merger fund without any real interest to buy. Seemed like a middling bond alternative in terms of performance. Not much to get excited about but a "safe" 2-4% return over time. Recently I had some money looking of a home and with both stocks and bonds seemingly overpriced I thought what the heck. Now, I know we all have experienced bad timing where good funds turn bad as soon as we invest...but this Merger thing has been a bit of a joke. It's down nearly every day and almost 4% since my purchase in June. I'd appreciate any insights from anyone more familiar with this fund.