Virtus Westchester Event-Driven Fund (WCEIX)
The fund adviser primarily employs investment strategies designed to capture price movements generated by specific events, including, but not limited to, equity and/or debt securities of companies involved in mergers, acquisitions, asset sales or other divestitures, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities").
Fund Info
US95737C6084
95737C103
Jan 1, 2014
$100,000
Expense Ratio
WCEIX has a high expense ratio of 1.63%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Westchester Event-Driven Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Westchester Event-Driven Fund had a return of -1.12% year-to-date (YTD) and -1.12% in the last 12 months. Over the past 10 years, Virtus Westchester Event-Driven Fund had an annualized return of 2.04%, while the S&P 500 had an annualized return of 11.09%, indicating that Virtus Westchester Event-Driven Fund did not perform as well as the benchmark.
WCEIX
-1.12%
-3.82%
-1.58%
-1.12%
0.91%
2.04%
^GSPC (Benchmark)
0.00%
-2.50%
6.76%
23.31%
12.57%
11.09%
Monthly Returns
The table below presents the monthly returns of WCEIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 0.00% | 0.84% | -1.49% | 0.57% | 0.47% | 1.59% | 0.28% | 0.09% | -0.37% | 0.92% | -1.12% | |
| 2023 | 1.35% | 0.10% | -0.48% | 0.67% | -2.57% | 1.17% | 0.58% | 1.25% | 0.76% | -0.94% | 2.37% | 1.54% | 5.86% |
| 2022 | -0.09% | -0.09% | 0.00% | -1.13% | -1.14% | -3.27% | 2.48% | -0.19% | -1.65% | 2.37% | 0.00% | 0.02% | -2.79% |
| 2021 | 1.41% | 2.60% | -1.52% | 2.15% | 0.50% | -1.09% | -2.96% | 0.26% | 0.35% | 0.35% | -0.69% | -2.48% | -1.28% |
| 2020 | -0.00% | -2.18% | -10.77% | 3.85% | 1.90% | 0.89% | 1.75% | 1.15% | 0.57% | -0.85% | 7.22% | 1.59% | 4.18% |
| 2019 | 2.27% | 1.25% | 0.95% | 1.23% | -1.31% | 1.61% | 0.93% | 0.09% | 0.92% | 0.36% | 0.45% | 1.12% | 10.30% |
| 2018 | 1.77% | 0.87% | -1.63% | -0.10% | 2.05% | 2.20% | -1.03% | 0.38% | 1.13% | -1.95% | 1.80% | -1.51% | 3.92% |
| 2017 | 0.61% | 1.01% | -0.20% | 1.31% | 0.69% | 0.59% | 0.10% | -0.88% | 0.79% | 0.78% | -1.36% | 0.10% | 3.56% |
| 2016 | -1.77% | 0.32% | 2.32% | -0.82% | 1.35% | -1.03% | 0.52% | 0.41% | 0.31% | -0.31% | 0.82% | 0.87% | 2.96% |
| 2015 | -0.30% | 2.47% | -0.19% | -0.10% | 0.68% | -1.73% | -0.59% | -1.87% | -1.91% | 2.05% | -0.50% | -2.24% | -4.26% |
| 2014 | 0.20% | 1.50% | 0.39% | 0.39% | 1.46% | 1.06% | -0.67% | 0.96% | -1.61% | -0.96% | 0.68% | -1.93% | 1.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WCEIX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Westchester Event-Driven Fund (WCEIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Westchester Event-Driven Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.27 | $0.02 | $0.57 | $0.10 | $0.18 | $0.43 | $0.00 | $0.09 | $0.09 |
Dividend yield | 0.00% | 2.49% | 0.21% | 5.35% | 0.91% | 1.59% | 4.26% | 0.00% | 0.87% | 0.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Westchester Event-Driven Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2015 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Westchester Event-Driven Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Westchester Event-Driven Fund was 21.65%, occurring on Mar 18, 2020. Recovery took 176 trading sessions.
The current Virtus Westchester Event-Driven Fund drawdown is 6.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.65% | Feb 20, 2020 | 20 | Mar 18, 2020 | 176 | Nov 25, 2020 | 196 |
| -15% | Feb 22, 2021 | 334 | Jun 16, 2022 | — | — | — |
| -11.51% | Sep 8, 2014 | 345 | Jan 20, 2016 | 507 | Jan 24, 2018 | 852 |
| -4.09% | Mar 7, 2018 | 41 | May 3, 2018 | 23 | Jun 6, 2018 | 64 |
| -3.56% | Dec 29, 2020 | 4 | Jan 4, 2021 | 11 | Jan 20, 2021 | 15 |
Volatility
Volatility Chart
The current Virtus Westchester Event-Driven Fund volatility is 4.47%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.