VPC vs. MFLX ETF Comparison
Comparison of Virtus Private Credit Strategy ETF (VPC) to First Trust Flexible Municipal High Income ETF (MFLX)
VPC
Virtus Private Credit Strategy ETF
VPC Description
The investment seeks investment results that correspond the price and yield performance of the Indxx Private Credit Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed, registered closed-end investment companies that have elected to be regulated as "business development companies" under the Investment Company Act of 1940, as well as U.S.-listed, non-BDC registered closed-end funds. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$22.87
Average Daily Volume
36,181
52
MFLX
First Trust Flexible Municipal High Income ETF
MFLX Description
MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEFs fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.Grade (RS Rating)
Last Trade
$17.06
Average Daily Volume
2,905
18
Performance
| Period | VPC | MFLX |
|---|---|---|
| 30 Days | 0.86% | 2.16% |
| 60 Days | 3.39% | 2.01% |
| 90 Days | 5.78% | 2.20% |
| 12 Months | 21.48% | 5.57% |
1 Overlapping Holdings
| Symbol | Grade | Weight in VPC | Weight in MFLX | Overlap | |
|---|---|---|---|---|---|
| IQI | A | 1.05% | 0.48% | 0.48% |
VPC Overweight 51 Positions Relative to MFLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| OXLC | B | 3.01% | |
| TPVG | F | 2.56% | |
| XFLT | B | 2.44% | |
| PSEC | C | 2.3% | |
| FSK | A | 2.3% | |
| TCPC | B | 2.2% | |
| GSBD | A | 2.16% | |
| HRZN | B | 2.11% | |
| BIGZ | C | 2.1% | |
| PFLT | B | 2.01% | |
| VVR | B | 1.97% | |
| SAR | C | 1.92% | |
| CCAP | A | 1.89% | |
| SLRC | A | 1.89% | |
| WHF | C | 1.89% | |
| NMFC | C | 1.88% | |
| KIO | A | 1.87% | |
| JQC | A | 1.86% | |
| SCM | C | 1.85% | |
| PNNT | A | 1.85% | |
| JFR | A | 1.82% | |
| FDUS | B | 1.81% | |
| BBDC | A | 1.8% | |
| BCSF | A | 1.78% | |
| ARDC | A | 1.76% | |
| GAIN | C | 1.75% | |
| PHD | A | 1.75% | |
| FCT | B | 1.73% | |
| BLW | A | 1.66% | |
| GBDC | C | 1.59% | |
| CSWC | A | 1.57% | |
| EVF | A | 1.57% | |
| ARCC | A | 1.56% | |
| CGBD | A | 1.54% | |
| EFR | A | 1.53% | |
| TSLX | A | 1.53% | |
| DSU | A | 1.52% | |
| CION | A | 1.51% | |
| FRA | A | 1.5% | |
| BGB | A | 1.5% | |
| HTGC | A | 1.5% | |
| EFT | A | 1.47% | |
| BSL | B | 1.45% | |
| BGT | C | 1.41% | |
| BXSL | B | 1.31% | |
| MAIN | A | 1.23% | |
| MRCC | C | 1.02% | |
| PTMN | B | 1.01% | |
| OXSQ | C | 0.95% | |
| OFS | F | 0.91% | |
| BMN | A | 0.4% |
VPC: Top Represented Industries & Keywords
MFLX: Top Represented Industries & Keywords
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