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
| ISIN | US95737C6084 |
|---|---|
| CUSIP | 95737C103 |
| Issuer | Westchester Capital |
| Inception Date | Jan 1, 2014 |
| Category | Event Driven |
| Min. Investment | $100,000 |
| Asset Class | Alternatives |
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 -0.28% year-to-date (YTD) and 4.25% in the last 12 months. Over the past 10 years, Virtus Westchester Event-Driven Fund had an annualized return of 3.34%, while the S&P 500 had an annualized return of 10.41%, indicating that Virtus Westchester Event-Driven Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.28% | 6.17% |
| 1 month | -1.11% | -2.72% |
| 6 months | 3.36% | 17.29% |
| 1 year | 4.25% | 23.80% |
| 5 years (annualized) | 3.16% | 11.47% |
| 10 years (annualized) | 3.34% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 0.00% | 0.84% | -1.49% | ||||||||
| 2023 | -0.94% | 2.37% | 1.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WCEIX is 56, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Virtus Westchester Event-Driven Fund(WCEIX)
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 granted a 2.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.02 | $0.90 | $0.36 | $0.26 | $0.56 | $0.10 | $0.08 | $0.31 | $0.25 |
Dividend yield | 2.49% | 2.48% | 0.21% | 8.42% | 3.18% | 2.34% | 5.56% | 1.01% | 0.86% | 3.21% | 2.44% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2014 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 3.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.65% | Feb 20, 2020 | 20 | Mar 18, 2020 | 176 | Nov 25, 2020 | 196 |
| -12.38% | Feb 22, 2021 | 334 | Jun 16, 2022 | — | — | — |
| -8.28% | May 29, 2015 | 163 | Jan 20, 2016 | 282 | Mar 3, 2017 | 445 |
| -6.53% | Sep 8, 2014 | 28 | Oct 15, 2014 | 83 | Feb 13, 2015 | 111 |
| -4.09% | Mar 7, 2018 | 41 | May 3, 2018 | 23 | Jun 6, 2018 | 64 |
Volatility
Volatility Chart
The current Virtus Westchester Event-Driven Fund volatility is 1.08%, 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.