VanEck BDC Income ETF (BIZD)
| Assets | $1.68B |
| Expense Ratio | 12.86% |
| PE Ratio | 11.30 |
| Shares Out | 88.58M |
| Dividend (ttm) | $1.78 |
| Dividend Yield | 11.44% |
| Ex-Dividend Date | Jul 1, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 126.64% |
| Volume | 3,940,791 |
| Open | 15.91 |
| Previous Close | 15.85 |
| Day's Range | 15.43 - 15.91 |
| 52-Week Low | 13.50 |
| 52-Week High | 17.86 |
| Beta | 0.83 |
| Holdings | 36 |
| Inception Date | Feb 12, 2013 |
About BIZD
Fund Home PageThe VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is issued by VanEck.
Top 10 Holdings
96.95% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0.01% | B.0 10.16.25 | 20.65% |
| Ares Capital Corporation | ARCC | 17.10% |
| Mvbdctrg1 Trs Usd R E Mvbdctrg | n/a | 13.46% |
| Mvbdctrg Trs Usd R E Mvbdctrg | n/a | 12.03% |
| Blue Owl Capital Corporation | OBDC | 10.16% |
| Blackstone Secured Lending Fund | BXSL | 8.05% |
| United States Treasury Bills 0.01% | B.0 01.15.26 | 4.25% |
| Main Street Capital Corporation | MAIN | 4.07% |
| Hercules Capital, Inc. | HTGC | 3.78% |
| Golub Capital BDC, Inc. | GBDC | 3.40% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 1, 2025 | $0.4386 | Jul 7, 2025 |
| Apr 1, 2025 | $0.4295 | Apr 4, 2025 |
| Dec 27, 2024 | $0.4445 | Dec 30, 2024 |
| Oct 1, 2024 | $0.4632 | Oct 4, 2024 |
| Jul 1, 2024 | $0.4534 | Jul 5, 2024 |
| Apr 1, 2024 | $0.4579 | Apr 5, 2024 |
Performance
BIZD had a total return of 5.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.52%.
News
3 Dividend Stocks That Pay Me $2,000 Each Month
Just 3 stocks pay me $2,000 in passive income every single month. Each one offers high yield plus defensive fundamentals. One of them yields over 11% — and trades at a big discount.
3 BDCs That Are Not Invited To The Dividend Cut Party
I expect the Fed to cut rates soon, with markets pricing in an 89% chance of a 25bps cut this month. Ongoing and future rate cuts will pressure SOFR-linked assets, especially BDCs, causing yield compr...
BIZD: BDC Income In A Convenient Wrapper
BDCs have priced in some pain in this interest rate cycle. Some BDC are actually cheap as well. We look at BIZD, a BDC ETF, and tell you what we think.
2 BDCs That Should Navigate The Dividend Cutting Spree That Could Be Coming
Lower base rates are headwinds for most BDCs, but Fidus Investment and Capital Southwest stand out as likely to avoid dividend cuts. FDUS impresses with a low-leverage balance sheet, strong liquidity,...
Inside The Income Factory: Credit Asset Investing With Steven Bavaria
Steven Bavaria, from Inside the Income Factory, discusses credit assets like high-yield bonds, senior loans, and BDCs for stable, high-yield income, favoring closed-end funds for their resilience and ...
BIZD: Packed With Unsustainable Yield Picks, A Clear No Go
BIZD is the largest BDC-focused ETF. Yet, I would say that it presents a very suboptimal offering. For example, more than 50% of BIZD's AuM is subject to a material dividend cut risk.
ETFs Offer Gateway to Once-Inaccessible Private Markets
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My Top 2 BDC Picks Now
We are in a 'hated bull market' with record highs despite weak economic fundamentals and tight fixed income spreads. High-risk assets like BDCs are especially vulnerable in this environment, making th...
Attention High-Yield Investors: More BDC Dividend Cuts Are Likely Coming
The BDC sector faces mounting risks from a weakening economy, high consumer debt, and the potential for further dividend cuts as interest rates decline. Recent dividend cuts by several BDCs highlight ...
Funds Only Portfolio: Potentially $6,000 Per Month Income
A diversified, funds-only portfolio can deliver reliable 6-7% income and market-matching growth, ideal for retirees seeking simplicity and peace of mind. Asset allocation spans dividend growth, bonds,...
Private Market Access Without the Hassle
By Coulter Regal, CFA, Product Manager Private markets have surged to $15T, but access remains complex. We explore two ways to gain exposure to private credit and asset managers without traditional hu...
Discounts And 10%+ Yields: 2 BDCs To Buy Now
I believe BDC investors face higher odds of unfavorable returns over the next 1-3 years due to macro and sector-specific headwinds. Key risks include a negatively sloped interest rate curve, tight spr...
BIZD: BDCs Look Attractive In An Expensive Market
The market is historically expensive, so investors should seek value in overlooked sectors like business development companies. BDCs benefit from elevated interest rates, offering high yields and stro...
BDC Investors: Prepare For An Imminent Market Rotation
Despite my long-term bullish stance on BDCs, I believe the sector is primed for a correction and may deliver subpar total returns ahead. In fact, I would suggest total return focused investors rotatin...
My Top 2 European High Dividend Picks
Synchronizing the currency exposure between liabilities (expenses) and assets (investments) is a pragmatic thing to do. Yet, there is also a merit of introducing some bias towards developed foreign in...
What I Wish I Knew Before Investing In Dividend Stocks
Dividend investing has been extremely rewarding for me. However, I have learned several very expensive lessons along the way. I share four very important - yet seldom discussed - lessons in this artic...
3-Bucket System For $5,000 Monthly Income, For Early Retirees
The S&P 500 provides a meager 1.2% yield, besides a roller-coaster ride on a regular basis. It may be a reasonably good investment for younger investors when they are in their prime accumulation phase...
My Favorite 7-10% Yielding Passive Income Machines
I share my favorite place to invest for passive income right now. I share some of my top picks of the moment. These picks pay out 7-10% sustainable yields that are growing at inflation-beating clips.
2 BDCs With Forever Dividend Moats
The value proposition for BDCs is high dividends with steady growth, but most BDCs fail to deliver on this. In the article, I elaborate on two BDC gems that present durable income and value offerings....
Sticky Inflation Is Back In Focus: Time To Consider High Yields
With inflation sticky and rate cuts unlikely in 2024, investors should consider repositioning into high-yield stocks to offset volatility. Ares Capital (ARCC) and Blackstone Secured Lending (BXSL) off...
BDC Shuffle: The Stock To Drop And The Stock To Shop
BDCs have performed unexpectedly well this year. Despite the growing uncertainty in the system and high probabilities for incremental base rate cuts, the BDC index is up on a YTD basis. This is not th...