IVPC Indxx Private Credit Index

The Index tracks the performance of the Business Development Corporations (BDCs) and Closed-End Funds (CEFs), trading in the US, with significant exposure to private credit, as defined by Indxx. To be eligible for inclusion in the Initial Universe, securities must have a market capitalization greater than USD $100 million and must have paid dividends in the last three years, without interruption. Closed-end funds must have exposure to private credit of at least 50%. All eligible BDCs are included in the Index, but only those closed-end funds ranked in the top 75% of the eligible list of the closed-end funds are included, ranked based on the difference between market price and net asset value of the closed-end fund. Components are weighted based on dividend yield, with the weighing of each security calculated based on 3-year cumulative dividend for the security as of the freeze date.

As of 09/23/2022

Index Information
Provider:     indxx
Category1:  Special Security Types
Category2:  Broad market
Currency:    USD
Inception date:  08/31/2013
Backtesting data exists:   No
Weighting methodology:   Dividend weighted
Number of holdings:  61  (as of 02/22/2019)
Rebalanced:  Quarterly
Reconstituted:  Annually

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