Symbols

VPC

Virtus Private Credit Strategy ETF·NYSE

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Key Stats

Assets Under Management

42.82MUSD

Fund Flows (1Y)

-1.57MUSD

Dividend Yield

14.88%

Discount/Premium to NAV

0.13%

Shares Outstanding

2.50M

Expense Ratio

9.86%

About Virtus Private Credit Strategy ETF

Issuer

Virtus Investment Advisers, LLC

Brand

Virtus

Home Page

https://www.virtus.com/products/virtus-private-credit-strategy-etf#shareclass.698/period.quarterly

Inception Date

Feb 7, 2019

Structure

Open-Ended Fund

Index Tracked

Indxx Private Credit Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

40.00%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Virtus Advisers LLC

Distributor

VP Distributors LLC

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.