Frequently asked questions
What SpreadVista is, where the data comes from, what we cover, and how we differ from incumbent BDC analytics providers. Email support@spreadvista.com if something here isn't answered.
What is SpreadVista?
SpreadVista is a credit analytics platform for business development companies (BDCs) and interval funds. We parse every public 10-K, 10-Q, and N-PORT filing from SEC EDGAR, normalize the position-level data, resolve issuers across vehicles, and surface marks, NAV history, non-accruals, and cross-vehicle exposure in one queryable workspace. Built for credit analysts who need to validate marks and screen exposure across the whole asset class — not just one vehicle at a time.
Where does SpreadVista get its data?
Directly from SEC EDGAR. Every BDC files 10-K (annual) and 10-Q (quarterly) reports that contain a Schedule of Investments listing every position the BDC held at period-end. Interval funds and CLO closed-end funds file N-PORT quarterly with the same kind of position-level detail. We download, parse, validate, and ingest every filing as it appears on EDGAR — no proprietary feeds, no licensed data. Every figure on our pages links back to the source filing.
How often is SpreadVista data updated?
BDC filings ingest daily at 2 AM ET — new 10-Qs and 10-Ks appear within hours of being filed with the SEC. Interval-fund N-PORT filings update on the same daily cron. The agg layer (the pre-computed cross-vehicle joins powering the dashboard) refreshes after each successful ingest. If you see data more than 25 hours stale, that's a pipeline anomaly and we treat it as an incident — see our weekly freshness dashboard for the live status.
How accurate are the marks and NAVs SpreadVista reports?
SpreadVista reflects exactly what BDCs and funds reported to the SEC. We don't adjust marks, restate fair values, or apply our own valuation models. If ARCC marked a position at 0.98 in their 10-Q, that's what we show. The accuracy of those marks is a separate question — they're estimated by each manager using their own methodology, which is why mark divergence across vehicles holding the same credit is one of our headline analytical features. We surface what's in the filings; you draw the conclusions.
Is SpreadVista free?
Yes, during the beta. Signups are open — you create an account with email and password and you're in. There's no credit card on file and no auto-conversion to a paid plan. Eventually we'll introduce tiered pricing (free + pro + enterprise) but beta users get grandfathered pricing when that happens. The product exists because incumbent BDC analytics platforms charge $20,000–$200,000 per seat, which prices out 90% of the people who could use them. We're building for the long tail.
How is SpreadVista different from SOLVE, S&P Capital IQ, or Bloomberg BDC data?
Three things. First, price: SpreadVista costs a small fraction of incumbent platforms. Second, scope: we cover ALL 74 public BDCs (exchange-traded plus public non-traded) plus interval funds plus CLO closed-end funds — most incumbents focus on the larger public traded names. Third, the cross-vehicle exposure layer: we canonicalize issuer identities across BDCs and funds so you can see every BDC holding the same credit at a glance. That view is uniquely hard to build from filings alone and is the headline differentiator.
What BDCs and funds does SpreadVista cover?
74 BDCs total: 46 exchange-traded, 22 public non-traded, and 6 private non-traded that still file with the SEC. On the fund side, 21 private-credit interval funds (Cliffwater, CION Ares, Blackstone, KKR, Apollo, Carlyle, etc.) and 11 CLO-specialist closed-end funds (Eagle Point, Oxford Lane, Priority Income, etc.). See the full universe at /bdc and /fund — every ticker has its own page with the latest period's metrics.
Do you cover loan-level CLO collateral data?
Not yet. CLO loan-level data is available from licensed providers (Intex, S&P Capital IQ) for $50K-200K per year. We're currently focused on BDC and interval-fund-level analytics where the data is public via EDGAR. Loan-level CLO is on the roadmap once it can be added without that licensing cost — meanwhile we cover CLO tranche-level exposure for the 11 CLO CEFs in our universe (which file N-PORT with tranche-level positions).
Why does SpreadVista emphasize "showing the work" on every chart?
Because credit analysts using a third-party tool need to validate the numbers themselves before they put their name on a recommendation. Every chart, every metric, every flagged anomaly on SpreadVista links back to the source filing on EDGAR. The methodology — what we counted, what we excluded, how we computed the metric — is visible inline. This is opposite to the incumbents' black-box approach and is intentional. Reproducibility is a trust signal.
Is SpreadVista investment advice?
No. SpreadVista is an analytics tool. We surface data from SEC filings and compute analytical views on top of that data. Nothing on the site is a recommendation to buy, sell, or hold any security. Investors should consult licensed professionals before making investment decisions. See the disclaimer in the site footer for the full language.
How do I get help, report a bug, or request a feature?
Email support@spreadvista.com for any of the above — beta users get a fast response from a small team. Bug reports with a specific URL and a screenshot get prioritized. Feature requests inform the roadmap; we're especially interested in workflow gaps where the current product makes you do something manually that we could automate. The feedback widget inside the logged-in dashboard captures the same channel.
Question not answered?
We respond to every email from beta users — usually within a day. If you found a bug or want a feature, drop the URL and a sentence and it gets prioritized.
Email support@spreadvista.com