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Morningstar

Virtus Westchester Credit Event Fd I WCFIX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 11.12  /  0.00
  • Total Assets 78.6 Mil
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.480%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 4.27%
  • Effective Duration —

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis WCFIX

Will WCFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WCFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WCFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of WCFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A recent fee change and trends in other areas result in a downgrade to Virtus Westchester Credit Event Fd I's Morningstar Medalist Rating to Neutral from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings WCFIX

More WCFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 36.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Splunk Inc 1.125%

6.32 4.7 Mil
Corporate

Michael Kors (USA) Inc 4.25%

5.12 3.8 Mil
Corporate

California Resources Corporation 7.125%

4.69 3.5 Mil
Corporate

SEG Holding LLC / SEG Finance Corp. 5.625%

3.90 2.9 Mil
Corporate

Calumet Specialty Products Partners LP / Calumet Finance Corp 11%

3.65 2.7 Mil
Corporate

PGT Innovations Inc 4.375%

3.29 2.4 Mil
Corporate

Textainer Group Holdings Limited

3.14 2.3 Mil
Corporate

Usd/Eur Fwd 20240116 00187

3.11 2.3 Mil
Derivative

Alliance Resource Operating Partners LP/Alliance Resource Finance Corp 7.5%

3.02 2.2 Mil
Corporate

NFP Corp. 6.875%

2.93 2.2 Mil
Corporate