Simplify VettaFi Private Credit Strategy ETF (PCR)

The Simplify VettaFi Private Credit Strategy ETF (PCR) is an exchange-traded fund from Simplify Asset Management that offers exposure to the private credit market through publicly traded vehicles. Since private loans themselves are not listed, the fund targets the listed companies and funds, such as business development companies and similar credit vehicles, that lend to private, mostly middle-market businesses.

The strategy is linked to a private credit index from VettaFi, an index provider, and Simplify may also use its typical overlays such as options or hedges to shape the portfolio's risk profile.

The fund trades on NYSE Arca and gives investors a way to access the private lending theme through a single listed security.