VPCVirtus Private Credit Strategy ETF
VPC Fund Description
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.
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
VPC Portfolio Data
VPC Index Data
VPC Fund Structure
VPC Tax Exposures
VPC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of VPC. VPC is rated a 1 out of 5.