Skip to content
etf.net

VPC

GradeDNew York Stock Exchange Arca

Virtus Private Credit Strategy ETF

Virtus · Inception 2019-02-07

$15.04−0.14 (−0.93%)

As of Sep 23, 2026, 2:06 PM EDT

Intraday session: down, 25 prints from 15.18 to 15.04. Range 15.03 to 15.18. Use the arrow keys to read each point.$15.10$15.1510 AM12 PM2 PM4 PM
Expense ratio
10.60%
Fund size
$31M
1Y return
−10.9%
Yield · Last 12 months
Data unavailable
Holdings
198
Volume · 30D
0M sh
NAV per share
$15.83
52W range
low $14.32high $20.82

The ETF.net VPC Grade

D

31/ 100

Confidence High

Six-pillar profile for VPC. Scores out of 100: Cost 5, Risk 45, Mission 58, Tradability 43, Holdings 64, Durability 48. Strongest: Holdings (64). Weakest: Cost (5). Leans toward Holdings and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 31 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 5
    —

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 58
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 43
    —

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 64
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    —

Graded as of Aug 18, 2026

Our read on VPC

ETF.net Research

DVPC buys the lenders, not the loans: one ticker for a slate of US-listed BDCs and private-credit closed-end funds. Its eye-popping fee line is mostly those underlying funds' own costs, which SEC rules force into the table.

Stated mandate

The Fund seeks an alternative source of yield through private credit, focusing on lending to non-investment-grade small- and mid-sized U.S. companies. It tracks the Indxx Private Credit Index, which provides passive exposure to U.S.-listed private-credit instruments.

Why people hold it

  1. 01One ticker for a broad slate of US-listed BDCs and closed-end funds lending to small and mid-sized American companies, instead of a bet on one lender.sec.gov
  2. 02Virtus charges 0.75% at the fund level; the rest of the headline expense ratio is the underlying BDCs' and CEFs' fees, itemized because SEC rules require it.virtus.comvirtus.com
  3. 03The index weights holdings by dividend yield, caps any single name at 5%, and screens out the closed-end funds trading at the most extreme premiums or discounts.sec.gov
  4. 04Trading since 2019, one of the early passive routes into exchange-listed private credit.

Worth knowing

  1. 01Stacked BDC management and incentive fees are real money, and the all-in expense ratio sits far above cohort peers like GPZ and GTPE.virtus.com
  2. 02A small fund that trades lightly, so spreads can run wider than the cohort's bigger names. Limit orders help.
  3. 03You own lender equity, not the loans: prices move with credit conditions and sentiment, and payouts can include return of capital.sec.gov

VPC Holdings

As of Aug 19, 2026, 3:00 AM
Asset class
Other
Holdings
198
Top-10 weight
36%
Largest holding
Cash/Cash equivalents6.1%

Sectors

  • Financials99.1%
  • Technology0.7%
  • Industrials0.1%
  • Consumer Discr.0.0%
  • Communication0.0%
  • Health Care0.0%
  • Energy0.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash/Cash equivalents6.13%—$2M—
002OXLCOxford Lane Capital Corp4.54%—$1M3
003ECCEagle Point Credit Co4.15%—$1M3
004HRZNHorizon Technology Finance Corp3.97%—$1M1
005TCPCBlackRock TCP Capital Corp3.32%—$1M5
006OCCIOFS Credit Co Inc3.00%—$919K1
007PSECProspect Capital Corp2.98%—$910K5
008XFLTXAI Floating Rate & Alternative Income Trust2.92%—$894K2
009FSKFS KKR Capital Corp2.82%—$863K9
010PNNTPennantPark Investment Corp2.47%—$755K2
011RWAYRunway Growth Finance Corp2.45%—$750K8
012CIONCION Investment Corp2.45%—$749K5
013GSBDGoldman Sachs BDC Inc2.08%—$637K7
014OCSLOaktree Specialty Lending Corp1.89%—$578K7
015SCMStellus Capital Investment Corp1.68%—$512K1

Showing 1–15 of 30 holdings

VPC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Performance data is unavailable.

Returns run to the last market close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VPC. Periods over one year show the average yearly return.
PeriodVPC
Year to dateHistory unavailable—
1 monthHistory unavailable—
3 monthsHistory unavailable—
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual return data is unavailable.

VPC in the news

ETF.net Research hasn’t filed on VPC yet — coverage lands here as it’s written.

VPC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months

Distribution data unavailable.

VPC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.42
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VPC Cost

Expense Ratio
10.60%