About WCERX
The Virtus Westchester Event-Driven Fund is an alternative mutual fund designed to generate consistent, positive absolute returns with reduced volatility relative to traditional equity markets. Its primary investment strategy centers on event-driven opportunities—specifically, it seeks to capitalize on corporate actions such as mergers, acquisitions, restructurings, spin-offs, recapitalizations, share buy-backs, and late-stage bankruptcies. By diversifying across various companies, sectors, and asset classes globally, the fund aims to maintain minimal correlation with conventional stock and bond markets, making it a potentially valuable portfolio diversifier and volatility dampener.
Managed by Westchester Capital Management, a firm recognized for its expertise in event-driven investing for over three decades, the fund relies on specialized research and a disciplined investment process. Its portfolio includes both equities and fixed income instruments, allocating capital to situations where timely corporate events may unlock value. This flexible, market-neutral approach allows the fund to function effectively across diverse market conditions, serving investors seeking alternative sources of risk-adjusted return with a focus on capital preservation and lower overall sensitivity to broad market swings.
Fund Family Virtus
Category Event Driven
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol WCERX
Share Class Class A
Index ICE BofA US 3-Month T Bill TR IX
WCERX had a total return of 3.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.36%.
