WCFIX Fees and Costs — Virtus Westchester Credit Event Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.43%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.0474% of average net assets, and portfolio turnover was 126%.
WCFIX Fees and Expenses
Annual operating expenses and sales charges of WCFIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.43% |
| Fee waiver | — |
| Net expense ratio | 1.43% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
WCFIX Costs Over Time
On $10,000 invested in WCFIX, assuming 5% a year before costs, total costs come to $915 over 5 years, cutting the return by 1.55% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.43%) | $150 | $466 | $804 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $506 | $915 |
| Value after costs | $10,345 | $11,071 | $11,847 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
WCFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0474%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $113.2M
- Portfolio turnover (prospectus): 126%
- Securities on loan, average value: $949K
- Net income from securities lending: $9K (0.010% of average net assets)
WCFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $15K | 34.64% |
| WELLS FARGO SECURITIES, LLC | $8K | 17.91% |
| CANTOR FITZGERALD & CO. | $5K | 12.49% |
| RBC CAPITAL MARKETS, LLC | $4K | 10.69% |
| NATIONAL FINANCIAL SERVICES LLC | $4K | 10.25% |
| STIFEL FINANCIAL CORP. | $2K | 5.35% |
| Pershing LLC | $1K | 3.39% |
| TD SECURITIES (USA) LLC | $1K | 3.08% |
| DEUTSCHE BOERSE AG | $475 | 1.13% |
| BOFA SECURITIES, INC. | $443 | 1.06% |
WCFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $25.1M | 25.29% |
| Robert W. Baird & Co. Incorporated | $15.7M | 15.83% |
| BOFA SECURITIES, INC. | $13.8M | 13.85% |
| JEFFERIES LLC | $12.7M | 12.76% |
| BARCLAYS CAPITAL, INC. | $6.9M | 6.89% |
| STIFEL FINANCIAL CORP. | $6.5M | 6.51% |
| CANTOR FITZGERALD & CO. | $5.7M | 5.73% |
| PERSHING LLC | $4.6M | 4.60% |
| CitiGroup Global Markets Inc. | $4.3M | 4.34% |
| OPPENHEIMER & CO. INC. | $4.2M | 4.20% |
Virtus Westchester Credit Event Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WCFIX | Class I | 1.43% | none |
| WCFRX | Class A | 1.66% | 5.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.