Virtus Private Credit Strategy ETF
$14.37−0.08 (−0.59%)
- 10.60%
- $28M
- −9.0%
- 15.30%
- 0M sh
- $14.48
- low $14.32high $19.13
The ETF.net VPC Grade
D
Score 34 out of 100
- 11 of 12
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F11 out of 100Rank 11 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.B69 out of 100Rank 4 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 8 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 8 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 2 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 9 of 12
Our read on VPC
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.
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
- One 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
- Virtus 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
- The 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
- Trading since 2019, one of the early passive routes into exchange-listed private credit.
Worth knowing
- Stacked 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
- A small fund that trades lightly, so spreads can run wider than the cohort's bigger names. Limit orders help.
- You own lender equity, not the loans: prices move with credit conditions and sentiment, and payouts can include return of capital.sec.gov
VPC Holdings
- Other
- 62
- 31%
- Cash/Cash equivalents
Sectors
- Financials98.9%
- Technology0.9%
- Industrials0.2%
- Consumer Discretionary0.0%
- Health Care0.0%
- Communication0.0%
Geography
- United States100.00%
VPC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
VPC$9,104
Returns run to the Oct 12, 2026 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.
| Period | VPC |
|---|---|
| Year to date | −11.6% |
| 1 month | −4.6% |
| 3 months | −1.8% |
| 1 year | −9.0% |
| 3 years | −0.7% |
| 5 years | +0.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VPC |
|---|---|---|
| 2026 YTD | −11.6% | |
| 2025 | −6.7% | |
| 2024 | +10.5% | |
| 2023 | +22.2% | |
| 2022 | −11.7% | |
| 2021 | +34.2% | |
| 2020 | −9.4% |
VPC in the news
VPC Dividends
- 15.30%
- $2.21
- $0.28 per share
- Quarterly
Distribution history
VPC Risk
- 13.4%
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.
- −0.30
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.
- −24.8%
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.
- 0.42
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
10.60%
VPC10.60%
- The middle half of Listed Private Markets funds
- Median 1.35%
10 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- CBIZDVanEck BDC Income ETFExpense ratio 9.69%1 year return +1.2%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −1.8%
- DPEXProShares Global Listed Private Equity ETFExpense ratio 2.95%1 year return −8.0%
- DLBOWHITEWOLF Publicly Listed Private Equity ETFExpense ratio 6.53%1 year return −5.8%