Average Annualized Total Returns (%)
*The Fund started trading on the NYSE on 5/30/2019
|Fund Name||YTD Return||1Y||2Y||3Y||5Y||Since Inception|
|Vertical Capital Income Fund||-0.17%||0.03%||3.03%||4.28%||4.82%||6.89%|
|Bloomberg Barclays U.S. Fund Aggregate Bond Index||-2.15%||1.38%||6.41%||5.32%||3.55%||3.10%|
|Bloomberg Barclays U.S. Mortgage Backed Securities Index||-0.59%||1.49%||4.43%||4.15%||2.59%||2.54%|
|Vertical Capital Income Fund - Market Price - 12-30-11||6.81%||6.39%||-3.68%||-0.40%||1.97%||2.14%|
The Bloomberg Barclays US Mortgage Backed Securities (MBS) Index tracks fixed-rate agency mortgage backed passthrough securities guaranteed by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The mortgage notes held by the Fund are not guaranteed by any U.S. government agency.
The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. Index constituents include U.S. Treasuries, government-related and corporate securities, MBS (U.S. agency fixed-rate pass-throughs), ABS (asset-backed securities) and CMBS (commercial mortgage-backed securities of agency and non-agency issuers). The mortgage notes held by the Fund are not rated investment grade, nor U.S. agency securities, and a small portion are adjustable rate.
1. Closed-end funds shares may trade at a discount from their net asset value. The Fund invests substantially all its assets in groups or packages of income-producing loans secured by real estate, which are difficult to value. Up to 10% of the loans in the group or package may be delinquent or in default. The Fund will not purchase loans that currently are in foreclosure; however, loans acquired by the Fund may go into foreclosure subsequent to acquisition by the Fund. The Fund will acquire loans of borrowers with varying credit histories and may invest up to approximately 10% of its assets in loans that were classified as “sub-prime” at the time of origination. Securities may be subject to prepayment risk because issuers are typically able to prepay principal. The Fund will not invest in real estate directly, but, because the Fund will invest the majority of its assets in securities secured by real estate, its portfolio will be significantly impacted by the performance of the real estate market and may experience more volatility and be exposed to greater risk than a more diversified portfolio. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. In general, the price of a fixed income security falls when interest rates rise. A specific security can perform differently from the market as a whole for reasons related to the issuer, such as an individual’s economic situation.
NAV per share as of August 31, 2021 is $11.76
NAV will be determined and posted monthly.
Inception NAV was $10.00 per share.
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