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About VanEck BDC Income ETF
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Inception date
Feb 11, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Absolute Return Advisers Corp.
Distributor
Van Eck Securities Corp.
BIZD tracks a concentrated index of US publicly-listed private equity investment companies: The ETF buys shares of firms that in turn invest in the debt and equity of mid-sized private firms. The index selects the largest and most liquid companies which are treated as Business Development Companies (BDC) and weights them by market-cap, with a cap of 20% per issuer, to ensure diversification. Small- and midcaps are also eligible for inclusion in the index. The fund uses a sampling strategy, meaning the fund may not hold all the stocks of the underlying index but will hold securities that collectively have the same investment profile. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Miscellaneous
Government
Stocks76.80%
Finance47.54%
Miscellaneous29.26%
Bonds, Cash & Other23.20%
Government18.60%
Mutual fund3.34%
Cash1.26%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BIZD invests in stocks. The fund's major sectors are Finance, with 47.54% stocks, and Miscellaneous, with 29.26% of the basket. The assets are mostly located in the North America region.
BIZD top holdings are United States Treasury Bills 0.0% 15-JUL-2025 and Ares Capital Corporation, occupying 18.60% and 18.41% of the portfolio correspondingly.
BIZD last dividends amounted to 0.43 USD. The quarter before, the issuer paid 0.44 USD in dividends, which shows a 3.49% decrease.
BIZD assets under management is 1.56 B USD. It's risen 9.07% over the last month.
BIZD fund flows account for 506.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BIZD pays dividends to its holders with the dividend yield of 11.20%. The last dividend (Apr 4, 2025) amounted to 0.43 USD. The dividends are paid quarterly.
BIZD shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Feb 11, 2013, and its management style is Passive.
BIZD expense ratio is 12.86% meaning you'd have to pay 12.86% of your investment to help manage the fund.
BIZD follows the MarketVector US Business Development Companies Liquid Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BIZD invests in stocks.
BIZD price has risen by 6.10% over the last month, and its yearly performance shows a −6.37% decrease. See more dynamics on BIZD price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.18% decrease in three-month performance and has increased by 4.21% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.18% decrease in three-month performance and has increased by 4.21% in a year.
BIZD trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.