BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
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NAV$16.57
as of December 30, 2024 -
YTD RETURNS--
as of December 30, 2024 -
Total Net Assets$1.36B
as of December 30, 2024 -
Total Expense Ratio13.33%
Learn More about AFFEs -
Inception Date02/11/2013
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30-Day SEC Yield10.25%
Fund Description
The VanEck BDC Income ETF (BIZDTM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®US Business Development Companies Index (MVBDCTRG), which tracks the overall performance of publicly traded business development companies.
Overview
Fund Highlights
- High Income Potential†
Business Development Companies (BDCs) have proven an attractive alternative income source historically
- Exposure to Private Credit
Target privately-held U.S. companies and thinly traded U.S. public companies which are generally difficult to access
- Lending to Middle-Market Companies
BDCs generate income by lending to, and investing in, private companies that tend to be below investment grade or not rated - No K-1s, investor-friendly tax reporting
Performance
Fees
Holdings
Portfolio & Index
Index Fundamentals as of 11/30/2024
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Weighted Average Market Cap5.90
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Price/Earnings Ratio (Last 12 Months)9.73
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Price/Book Ratio (Last 12 Months)1.06
3-YR Risk Measures as of 11/30/2024
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Beta vs. S&P 500 Index0.72
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Correlation vs. S&P 500 Index0.75
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Volatility (Standard Deviation)16.67
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Sharpe Ratio0.47
Index Country Weightings (%) as of 11/30/2024
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Country
% of Net Assets -
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United States
100.0
Index Sector Weightings (%) as of 11/30/2024
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Sector
% of Net Assets -
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Financials
96.9 -
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Others
3.1