What is VPC?

VPC tracks an index of closed-end funds focused on the private credit market, including business development companies. The index is weighted by dividend yield.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VPC 4.59% -5.35% -11.03% -10.94% 3.24% -- --
VPC (NAV) 4.67% -5.10% -10.81% -10.70% 3.25% -- --
Indxx Private Credit Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VPC Factset Analytics Insight

VPC is a fund of funds that aims for income from private credit markets via exposure to US-listed closed-end funds (CEFs). It holds 2 main types: CEFs regulated as business development companies (BDCs) and non-BDC CEFs that focus on private credit. The BDCs invest in middle market firms with below-investment grade ratings using a variety of debt and equity vehicles. The non-BDC CEFs invest in loans, CLOs and senior loans. VPC’s index screens for steady dividend payments over the past 3 years. The non-BDC CEFs are further screened to weed out large premiums or discounts of price vs. NAV. Securities are weighted by dividend yield. Structured as a fund-of-funds, investors should expect to pay double because of cost’s compounding. The index is reconstituted annually and rebalanced quarterly.

VPC Summary Data

02/07/19
6.46%
$21.63M
Indxx Private Credit Index
N/A
Open-Ended Fund

Peers

N/A
N/A

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
-$0.01B 90 Days

VPC Fund Structure

No
No
-- / --
N/A
N/A
High
N/A
N/A

VPC Tax Exposures

20.00% / 39.60%
--
No

VPC Portfolio Data

6.98%
N/A

VPC Index Data

Indxx Private Credit Index
Dividends
Multi-Factor
N/A

Factset Analytics Block Liquidity

As of 11/30/22

This measurement shows how easy it is to trade a $1 million USD block of VPC. VPC is rated a N/A out of 5.

VPC Tradability

4,104
$83.82K
2,897
$57.00K
0.44%
$0.09
0.01%
0.92% / -0.56%
None
100.00%
50,000
0.06
0.04%
1.57%
0
$21.71
N/A