About WCFRX
The Virtus Westchester Credit Event Fund is a nontraditional bond mutual fund designed to deliver consistent, positive absolute returns with low duration and credit risk. Its primary function is to generate both current income and capital appreciation by investing across a range of catalyst-driven, credit-centered strategies. The fund focuses on event-driven opportunities, such as corporate restructurings, mergers, bankruptcies, distressed assets, and other credit events, allowing it to exploit arbitrage and restructuring situations across a firm's capital structure. Notably, this approach leads to returns that demonstrate low correlation with traditional bond or equity markets, offering distinctive diversification benefits within a fixed income portfolio. Managed by a specialized team at Westchester Capital Management, the fund’s opportunistic strategy aims to mitigate interest rate risk and capitalize on specific, identifiable credit events rather than broad market trends. By targeting credit events and utilizing both long and short positions, the fund serves as an alternative to conventional bond investments and a diversifier during various market cycles, appealing to investors seeking unique sources of return beyond general fixed income exposure.
Fund Family Virtus
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol WCFRX
Share Class Class A
Index ICE BofA US 3-Month T Bill TR IX
WCFRX had a total return of 2.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.44%.
