Last updated: July 30, 2026
How has Wealthsimple Private Credit performed?
Total Return: 26.1%1
Total Return (annualized)1: 7.8%
October Distribution Yield2 : 9.6%
| January | February | March | April | May | June | July | August | September | October | November | December | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return | 2023 | 0.3%3 | 0.9% | 1.3% | 2.1% | -0.9% | 1.5% | 1.6% | 7.0% | |||||
| 2024 | 0.8% | 0.9% | 0.9% | 1.2% | 1.1% | 0.2% | 0.6% | 0.6% | 1.0% | 0.9% | 0.8% | 1.0% | 10.6% | |
| 2025 | 1.0% | -0.1% | -0.7% | -0.3% | 2.2% | 0.5% | 1.0% | 0.5% | -1.8% | 0.4% | 0.8%* | -0.4%* | 3.1% | |
| 2026 | 0.2% | 0.3% | 0.7% | 1.1% | 0.6% | 0.4% | 3.4% | |||||||
| Distributions per share | 2023 | $0.2265 | $.077 | $.077 | $0.122 | $0.503 | ||||||||
| 2024 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $0.924 | |
| 2025 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $0.924 | |
| 2026 | $.077 | $.077 | $.077 | $.077 | $.077 | $.077 | $0.462 | |||||||
| NAV per share | 2023 | $10.03 | $10.12 | $10.26 | $10.25 | $10.08 | $10.15 | $10.19 | ||||||
| 2024 | $10.20 | $10.21 | $10.22 | $10.26 | $10.30 | $10.24 | $10.23 | $10.23 | $10.25 | $10.26 | $10.27 | $10.30 | ||
| 2025 | $10.32 | $10.23 | $10.09 | $9.98 | $10.12 | $10.10 | $10.12 | $10.10 | $9.84 | $9.80 | $9.80 | $9.68 | ||
| 2026 | $9.62 | $9.58 | $9.57 | $9.60 | $9.58 | $9.54 |
The Fund returned 0.4% in June, bringing year-to-date performance to 3.4%. Returns were driven primarily by interest income generated from the underlying borrowers. Both the Fund and its underlying investments continue to perform as expected and have remained resilient despite recent negative headlines surrounding private credit. We believe the portfolio is well positioned to continue delivering consistent income.
Since its inception in June 2023, the Fund has generated a cumulative return of 26.1%, while producing approximately 9% annualized income. This total return reflects two components: income distributed to investors and changes in the market value of the underlying loans held within the portfolio.
The fund distributed $0.077/share in income, representing a 9.6% annualized distribution yield.3
What do these numbers mean?
The yield generally consists of interest payments paid by borrowers. You can think of them almost like dividend payments issued to stockholders. In the case of the Wealthsimple Private Credit Fund, it distributed $0.077 / share in May, which was 0.8% of the fund’s starting value of $9.60. We calculate the yield as if it were paid in each period to quote it on an annualized basis by multiplying it by 12, which indicates an annualized yield of 9.6%. Annualizing is generally the market convention for quoting the yield of financial assets.
The fund value is the market price, or “fair value,” of the loans and any other assets in the fund (e.g. interest that is accrued but not distributed to shareholders). This is similar to owning a stock: its value changes as the market goes up and down.
Notes:
1 The total return is made up of: (i) the change in value of the loan that made up the fund (NAV per share), and (ii) income paid to investors in the form of distributions from each period, with the distribution reinvested. Annualizing the total return is to take the geometric annual average of the total return. Returns shown include all applicable fund management fees and performance fees, but excludes Wealthsimple's standard management fees for its advisory services. Past performance does not guarantee future results.
2 Annualized distribution yield based on $0.077/share, divided by a starting NAV of $9.60, and multiplied by 12. To calculate this rate, we take a partial year distribution and convert it to a full-year amount as if it were paid in each period. We then divide this annualized amount by the fund's value at the start of the period. Distributions are not guaranteed. Past performance does not guarantee future results.
3 The fund was substantially invested in cash for the month of June as the portfolio was established.
* Performance figures for this period include the impact of a voluntary support payment made by the investment fund manager and the underlying manager to the fund. This payment reflects a discretionary reimbursement of certain management, operational, and fund expenses to the fund and was provided to support the fund and investors who remained invested during the period. The support payment was discretionary and non-recurring. There is no assurance that similar support will be provided in future periods. Accordingly, the performance shown for this period may not be indicative of the fund’s future performance or the manager’s future fee or expense practices.
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