Virtus Westchester Credit Event Fund (WCFRX)
The fund will invest principally in fixed income investments and other investments related to specific events or catalysts that the Adviser expects will cause material credit events or similar situations, such as capital structure arbitrage, mergers and acquisitions, spin-offs, credit restructurings, IPOs of debt, re-financings, debt maturities, asset monetizations, and other restructurings. It is non-diversified.
Fund Info
| ISIN | US95737C7074 |
|---|---|
| CUSIP | 95737C707 |
| Issuer | Virtus |
| Inception Date | Dec 28, 2017 |
| Category | Event Driven |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
WCFRX has a high expense ratio of 1.90%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: WCFRX vs. RCTIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Westchester Credit Event 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 Credit Event Fund had a return of 1.69% year-to-date (YTD) and 7.07% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.69% | 7.26% |
| 1 month | -0.09% | -2.63% |
| 6 months | 4.99% | 22.78% |
| 1 year | 7.07% | 22.71% |
| 5 years (annualized) | 6.47% | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.54% | 0.53% | 0.71% | |||||||||
| 2023 | -0.26% | 1.68% | 1.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of WCFRX is 90, placing it in the top 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Virtus Westchester Credit Event Fund(WCFRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Westchester Credit Event Fund (WCFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Westchester Credit Event Fund granted a 4.08% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.02 | $1.56 | $0.11 | $0.31 | $0.14 |
Dividend yield | 4.08% | 4.14% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Westchester Credit Event 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 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 |
| 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 | $1.56 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2018 | $0.14 |
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 Credit Event 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 Credit Event Fund was 23.56%, occurring on Mar 23, 2020. Recovery took 121 trading sessions.
The current Virtus Westchester Credit Event Fund drawdown is 2.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.56% | Feb 21, 2020 | 22 | Mar 23, 2020 | 121 | Sep 14, 2020 | 143 |
| -15% | Feb 22, 2021 | 344 | Jul 1, 2022 | — | — | — |
| -4.57% | Jun 12, 2018 | 135 | Dec 21, 2018 | 37 | Feb 15, 2019 | 172 |
| -3.75% | Jan 26, 2021 | 2 | Jan 27, 2021 | 6 | Feb 4, 2021 | 8 |
| -3.43% | Sep 21, 2020 | 30 | Oct 30, 2020 | 13 | Nov 18, 2020 | 43 |
Volatility
Volatility Chart
The current Virtus Westchester Credit Event Fund volatility is 0.37%, 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.