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Exchange-Traded Fund Specialty

Virtus Duff & Phelps Clean Energy ETF

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Closing Price
(as of 04/18/2024)
30-Day Median Bid/Ask Spread
0.63% (as of 04/18/2024)
$-0.04 (as of 04/18/2024)
4PM Bid/Offer Midpoint
$16.78 (as of 04/18/2024)
Shares Outstanding
300,004 (as of 04/18/2024)
Daily Trading Volume
NA (as of 04/18/2024)
20 Day Average Trading Volume
NA (as of 04/18/2024)
Net Assets
$5,045,310 (as of 04/18/2024)

Portfolio Overview

Investment Overview

The Fund seeks attractive total returns by investing globally in a portfolio of clean, renewable, and sustainable companies and technologies that will power the energy needs of the future. Actively managed, the Fund focuses on well-positioned market leaders at the forefront of clean energy innovation and commercialization.

Management Team

Investment Partner

Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management pursues specialized investment strategies with exceptional depth of resources and expertise. Since its earliest beginnings, providing research and analysis of income producing securities to Depression-era investors, the firm's attention has been set on identifying attractive opportunities through active management and fundamental research, while managing the associated risks. Today, building on a distinguished legacy, Duff & Phelps has earned a reputation as a leader in investing in Global Listed Infrastructure, Global Listed Real Estate, Clean Energy, and Diversified Real Assets.

Quality. Reliability. Specialization. Since 1932.

Learn more about Duff & Phelps Investment Management Co.

Investment Professionals

Ben Bielawski

Benjamin Bielawski, CFA

Portfolio Manager, Senior Research Analyst

Industry start date: 1995
Start date as fund Portfolio Manager: 2021

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Eric Fogarty

Eric Fogarty, CFA

Portfolio Manager, Senior Research Analyst

Industry start date: 1997
Start date as fund Portfolio Manager: 2021

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Key Features

Pure Play Exposure to Clean Energy

A specialized portfolio of clean energy market leaders with a balanced and diversified approach across technologies, sectors, and geographies. Investors may benefit from the long-term secular growth of clean energy demand and the projected build-out of renewable energy generation across the utility, industrial, technology, and energy sectors

Actively Managed, Built for Transformation

The team selects a high-conviction portfolio of clean energy producers, clean energy technology and equipment providers, and clean energy transmission and distribution companies where innovation is most commercially proven

Time-Tested, Experienced Investment Team

Duff & Phelps' history and proven process with utilities and energy investments spans more than eight decades. Maintaining direct insight into every part of the clean energy value chain, through specialized research and analysis, along with crucial knowledge of the legislative and regulatory environment, provides for a distinct vantage point


Top Holdings (% Fund)

(as of 04/19/2024)



As of
As of

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

The Index shown represents the Fund's performance index, which may differ from the Fund's regulatory index included in the Fund's Prospectus.

Fees & Expenses

Total Expense Ratio (Gross) 0.66
Total Expense Ratio (Net) 0.59
The Total Expense Ratio represents the Fund's Total Annual Fund Operating Expenses, which includes the management fee and other expenses where applicable, except for certain payments that are paid directly by the Fund, as described in the Prospectus. The Adviser has agreed to waive a portion of the management fee equal to 0.07% through at least November 28, 2024, which will have the effect of reducing the Fund's total expenses to 0.59%, excluding certain expenses as discussed above.

Yields / Distribution Rate1

(as of 03/28/2024)
30-day SEC Yield 1.08
30-day SEC Yield (unsubsidized) 1.01

Distribution History2

Ex-Date Record Date Payable Date Dividend Income ST Capital Gains LT Capital Gains Distribution Total
06/20/2023 06/21/2023 06/28/2023 0.123930 0.000000 0.000000 0.123930
12/20/2023 12/21/2023 12/29/2023 0.082980 0.000000 0.000000 0.082980

Period Number of Days Fund has Traded at a:
Discount Premium
Less than -2% -1.51% to -2.00% -1.01% to -1.50% -0.51% to -1.00% -0.01% to -0.50% 0.00% to 0.50% 0.51% to 1.00% 1.01% to 1.50% 1.51% to 2.00% Greater than 2%
2022-Q2: 4/1/2022 through 6/30/2022 3 0 1 3 15 32 7 0 0 1
2022-Q3: 7/1/2022 through 9/30/2022 0 1 0 1 39 22 1 0 0 0
2022-Q4: 10/3/2022 through 12/30/2022 1 0 0 1 46 8 4 0 0 3
2023-Q1: 1/3/2023 through 3/31/2023 2 2 0 4 37 12 2 1 0 2
2023-Q2: 4/3/2023 through 6/30/2023 1 1 0 5 46 4 4 0 1 0
2023-Q3: 7/3/2023 through 9/29/2023 0 1 1 1 48 6 2 1 0 3
2023-Q4: 10/2/2023 through 12/29/2023 1 1 0 5 51 3 2 0 0 0
2024-Q1: 1/2/2024 through 3/28/2024 0 0 2 31 25 1 1 1 0 0

Risk Considerations

Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs to the portfolio of owning shares of an ETF may exceed the cost of investing directly in the underlying securities.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small, medium, or large-sized companies may enhance that risk.
Clean Energy Industry: Developments in the clean energy segment could adversely affect the price and valuations of portfolio holdings. These developments include swift price and supply fluctuations caused by events relating to international politics, the success of project development and tax and other governmental regulatory policies. There could also be weak demand for clean energy company products or services, the obsolescence of existing technology or short product cycles, and falling prices and profits due to the supply of, and demand for, oil and gas along with competition from new market entrants.
Limited Number of Investments: Because the portfolio has a limited number of securities, it may be more susceptible to factors adversely affecting its securities than a portfolio with a greater number of securities.
Foreign & Emerging Markets: Investing in foreign securities, especially in emerging markets, subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk.
Non-Diversified: The portfolio is not diversified and may be more susceptible to factors negatively impacting its holdings to the extent the portfolio invests more of its assets in the securities of fewer issuers than would a diversified portfolio.
Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Duff & Phelps Clean Energy ETF Fact Sheet
Virtus Duff & Phelps Clean Energy ETF Commentary
A View From the Top - Perspectives When Interest Rates Peak
ETF Product Guide
Virtus ETF Ticker Menu
Duff & Phelps 2024 Outlook: Listed Real Assets


Positions VCLN
Virtus Duff & Phelps Clean Energy ETF Holdings Fiscal Q1
Virtus Duff & Phelps Clean Energy ETF Holdings Fiscal Q3


2024 Distribution Calendar - ETF

Financial Materials

Virtus Duff & Phelps Clean Energy ETF (VCLN) Prospectus
Virtus Duff & Phelps Clean Energy ETF (VCLN) SAI
Virtus ETF Trust II Annual Report | 2023
Virtus ETF Trust II Semi-Annual Report | 2024

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. Contact us at 1-888-383-0553 or visit www.virtus.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.

The Fund is an actively managed exchange-traded fund (“ETF”) and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.

Closing Price:
 The Closing Price is the price of the last reported trade on the fund's primary exchange. If there has been no reported trade for a particular date, the Closing Price represents the 4PM Bid/Offer Midpoint. 

4PM Bid/Offer Midpoint: The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00pm Eastern Time).

Premium/Discount: The amount the Fund is trading above or below the reported NAV (based on 4PM Bid/Offer Midpoint).

The Fund is an exchange-traded fund (“ETF”). The “net asset value” (NAV) of the Fund is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the Fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the Fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV, and include the reinvestment of all dividends and other distributions (reinvested at the Fund's NAV on distribution ex-date). Market price returns are calculated using the 4:00 pm midpoint between the bid and offer, and include the reinvestment of all dividends and other distributions (reinvested at the 4:00pm bid/offer midpoint on distribution ex-date). Market price returns do not represent the return you would receive if you traded at other times.

1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is the annual rate that an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the Fund and does not represent total return of the Fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

Returns for periods of less than one year are cumulative total returns.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.