Simplify VettaFi Private Credit Strategy ETF (PCR)
Simplify VettaFi Private Credit Strategy ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $18.58, up 0.00% on the session, giving a market capitalisation of $2.0M. Its beta of 0.54 implies it has historically moved less than the broad market.
The Simplify VettaFi Private Credit Strategy ETF (PCR) seeks to provide both current income and capital appreciation. It achieves these goals by employing a two-pronged investment approach: a private credit strategy alongside a credit hedge derivatives strategy. The private credit allocation primarily targets Business Development Companies (BDCs) and publicly traded Closed-End Funds (CEFs) that specialize in the private credit sector. For credit hedging, the fund predominantly uses a proprietary long/short strategy, executed through total return swaps on a diverse group of "quality" and "junk" equities.
Simplify VettaFi Private Credit Strategy ETF is most often compared with the following Financial Services names: