VSPI — Virtus Silvant Growth Premium Income ETF

VSPI Fund Overview

VSPI — Virtus Silvant Growth Premium Income ETF is a US ETF managed by Virtus ETF Trust II, categorised as Emerging Markets Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Virtus ETF Trust II
• Category: Emerging Markets Growth Equity
• Ticker: VSPI
• SEC CIK: 0001648403
• SEC series ID: S000099010
• Share class ID: C000268745

VSPI Investment Objective and Strategy

Virtus Silvant Growth Premium Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus ETF Trust II.

Investment objective

The Virtus Silvant Growth Premium Income ETF (the Fund ) seeks current income and capital appreciation.

Principal investment strategy

"The investment objective of the Fund is to seek current income and capital appreciation. The Fund seeks to achieve this objective by investing in equity securities and using an options overlay that may reduce volatility and beta. Beta is a measure of the Funds sensitivity to market movements. A beta of 1.00 indicates that the Funds price tends to move in line with the overall market. A beta greater than 1.00 indicates that the Fund is more volatile than the market, while a beta less than 1.00 means it is less volatile. Silvant Capital Management LLC (Silvant) provides the day-to-day portfolio management of the equity portion of the Funds portfolio and Virtus Multi-Asset, a division of Virtus Advisers, LLC, provides the day-to-day portfolio management of the options overlay portion of the Funds portfolio.

In the equity portion of the Funds portfolio, the Fund invests in equity securities of U.S. companies with market capitalizations of at least $1 billion. Equity securities in which the Fund may invest also include non-U.S. securities, including emerging markets , including through American Depositary Receipts (ADRs). In addition to common stocks and other equity securities (such as preferred stocks, convertible securities and warrants), the Fund may invest in securities issued in initial public offerings (IPOs) and real estate investment trusts (REITs). In managing the equity portion of the Funds portfolio, the portfolio managers attempt to include securities in the Funds portfolio that they believe exhibit the greatest combination of earnings growth potential, quality (as reflected in consistent business fundamentals) and attractive valuation.

The portfolio managers ordinarily look for several of the following characteristics when analyzing specific companies for possible investments: higher than average growth and strong potential for capital appreciation; substantial capacity for growth in revenue, cash flow or earnings through either an expanding market or expanding market share; a strong balance sheet; superior management; strong commitment to research and product development; and differentiated or superior products and services or a steady stream of new products and services. In the options overlay portion of the Funds portfolio, the Fund invests in equity-linked notes (ELNs). ELNs are derivative instruments that are structured as notes issued by counterparties, including banks, broker-dealers or their affiliates, and are designed to offer a return linked to the underlying instruments within the ELN.

ELNs in which the Fund invests are designed to combine the economic characteristics of the underlying equity portfolio and written call options in a single note form and are not traded on an exchange. The options underlying the ELNs will be based on the economic characteristics of the underlying equity portfolio and are structured to use a covered call strategy with embedded short call positions. A covered call strategy involves holding a long position in the underlying stock or portfolio and simultaneously selling (writing) call options on that same position. The goal is to generate additional income from option premiums, which can help offset downside risk but also limits upside potential because the stock may be called away if its price rises above the strike price. Embedded short call positions refer to the call options that have been sold as part of the covered call strategy, which are ""embedded"" in the overall investment position.

They provide premium income and can reduce volatility and beta, but they cap potential gains if the underlying asset appreciates significantly. The portfolio managers will select the indexes or instruments against which to write the call options based on their assessment of current market conditions and the current underlying equity portfolio. Selling a call option entitles the seller to a premium equal to the value of the option at the time of trade. These call option premiums, in addition to the income generated by the ELN, may reduce portfolio volatility and beta, as these sources of income reduce the impact of potential losses incurred by the Funds equity portfolio. In this case, the Fund is entitled to the premium when it purchases the ELN from the issuing counterparty. Therefore, the ELNs are expected to provide recurring cash flow for the Fund, which is an important source of the Funds return.

Selling a call option within an ELN also limits the Funds opportunity to profit from an increase in the market value of the underlying market exposure up to the exercise price (plus the premium received). The maximum potential gain on an underlying market exposure will be equal to the difference between the exercise price and the purchase price of the underlying market exposure at the time the option is written, plus the premium received. Investing in ELNs may also reduce the Funds volatility because the income from the ELNs would reduce potential losses incurred by the Funds equity portfolio. The ELNs are reset periodically to seek to better capitalize on current market conditions and opportunities. At each reset, the strike price, term, and premium of the embedded call option are recalibrated to reflect current market conditions for the underlying index.

These resets assist the Fund in seeking to provide relatively stable distributions. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that Silvant believes have higher than average growth potential (the 80% Policy) . Silvant ordinarily look for several of the following characteristics when analyzing specific companies for their growth potential: substantial capacity for growth in revenue, cash flow or earnings through either an expanding market or expanding market share; a strong balance sheet; superior management; strong commitment to research and product development; and differentiated or superior products and services or a steady stream of new products and services. In calculating the 80% Policy, the Funds equity investments will include equity-linked notes as well as other equity securities.

The Fund may invest in derivative instruments, including, but not limited to, options, futures contracts, currency forwards, and swaps. The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can. In addition, the Fund may focus its investments (i.e., invest more than 15% of its total assets) in one or more particular sectors. As of the date of this Prospectus, the Fund focuses its investments in the Communication Services and Information Technology sectors."

VSPI Costs and Fees

VSPI costs about $35 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.35%
• Gross expense ratio: 0.35%

VSPI Debt Constituents

No individual debt constituents are reported in Virtus Silvant Growth Premium Income ETF's latest SEC N-PORT filing.

VSPI Prospectus and SEC Filings

Official Virtus Silvant Growth Premium Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-12-22

Related Funds

Other Emerging Markets Growth Equity funds tracked on ABC INVEST:

• Motley Fool Global Opportunities Fund (FOOLX)
• AMG Managers Special Equity Fund (MGSEX)
• CLS Global Aggressive Equity Fund (CLACX)
• Cavalier Growth Opportunities Fund (CATEX)
• The Tocqueville Opportunity Fund (TOPPX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.