VanEck BDC Income ETF (BIZD)
| Assets | $1.41B |
| Expense Ratio | 12.86% |
| PE Ratio | 10.12 |
| Shares Out | 113.90M |
| Dividend (ttm) | $1.67 |
| Dividend Yield | 13.05% |
| Ex-Dividend Date | Dec 29, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 132.16% |
| Volume | 5,673,800 |
| Open | 12.63 |
| Previous Close | 12.51 |
| Day's Range | 12.56 - 12.89 |
| 52-Week Low | 12.32 |
| 52-Week High | 16.95 |
| Beta | 0.66 |
| Holdings | 37 |
| 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
114.48% of assets| Name | Symbol | Weight |
|---|---|---|
| Slk5w2ne Trs Usd R E Mvbdctrg | n/a | 36.59% |
| United States Treasury Bills 0% | B.0 04.16.26 | 19.45% |
| United States Treasury Bills 0% | B.0 07.16.26 | 19.07% |
| Ares Capital Corporation | ARCC | 13.18% |
| Blue Owl Capital Corporation | OBDC | 8.02% |
| Main Street Capital Corporation | MAIN | 6.82% |
| Golub Capital BDC, Inc. | GBDC | 2.90% |
| Blue Owl Technology Finance Corp. | OTF | 2.89% |
| Blackstone Secured Lending Fund | BXSL | 2.80% |
| Us Dollar | n/a | 2.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.4015 | Dec 31, 2025 |
| Oct 1, 2025 | $0.4012 | Oct 6, 2025 |
| 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 |
Performance
BIZD had a total return of -15.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.07%.
News
Overlooked Signals That Make These 11%+ Yielding BDCs Stand Out From The Rest
A wave of negative headlines and mounting pressures has created a sudden panic in the private credit industry, leaving massive discounts in its wake. Declining net investment income and tightening spr...
Two 11%+ Retirement Income Gems For Scary Times
In Q1, the narrative that we had at the start of the year has completely changed. The market has stopped chatting about new record highs and started to dig deep to find areas of shelter. The 11%+ yiel...
Private Credit Is In Turmoil - Here's My Method And The Picks I Trust
Ares Capital Corp. (ARCC) and Capital Southwest Corp. are top BDC picks, offering >10% yields, skilled management, and strong financials. Low leverage and above-average ROE, not P/NAV discounts, are c...
Big BDC Dividend Yields: 1 Golden Opportunity And 1 Value Trap
Two popular BDCs offer sky-high yields and deep discounts to NAV after the recent sector-wide sell-off. One is a very attractive "Buy," while I am avoiding the other one. I detail how to sort the whea...
5 Lessons That Completely Reshaped How I Approach Dividend Investing
Dividend investing looks easy and simple on the surface. However, there are many important nuances that investors fail to take into account. I share five important lessons that completely reshaped how...
BIZD Vs. PBDC: Why I'm Downgrading To 'Sell' As The Yield Trap Closes
I downgrade VanEck BDC Income ETF and Putnam BDC Income ETF from "Hold" to "Sell" due to mounting macroeconomic and credit risks. Rising default rates, declining NII, and deteriorating loan quality ou...
After Recognising This, I've Decided To Go All In On BDCs
I see recent credit risk repricing as excessively aggressive and overblown, creating potential opportunity. Market reactions often swing violently when sentiment shifts, lacking balanced or rational r...
Covered Call ETFs: The Promise, The Reality And My Top Picks
Market-wide risk-off sentiment is driving declines across major indices, high-growth stocks, REITs, small caps, BDCs, gold etc. Covered call ETFs present a potential hedge, offering defensive position...
2 Costly Mistakes BDC Investors Keep Making - And 3 Income Picks I Like Now
Ares Capital, Capital Southwest, and Trinity Capital stand out as attractive BDCs for income-focused investors amid sector headwinds. Rising defaults, increased leverage (average 1.25x), and potential...
Yield Of Dreams: A High-Yield Dividend Retirement Portfolio Without The Nightmares
Discover the essential 'two qualifiers' that determine if a high-yield strategy is the right fit for your retirement goals. Learn the four-pillar framework for identifying sustainable dividends and av...
How Much Does Management Matter For A Publicly Traded Company?
The performance of the VanEck BDC Income Exchange Traded Fund, which includes over 30 BDCs in its market cap-weighted index, gives a good sense of how BDCs performed in these different environments. D...
2 Deep Value BDCs For True Contrarian Investors
Select BDCs are deeply oversold, offering high-quality opportunities with attractive yields and significant discounts, without requiring aggressive risk-taking. Current sector-wide discounts are rare ...
1 BDC, 1 CEF, And 1 Covered Call ETF For 10%+ Retirement Income
The current environment does not support high-yield investments, especially if we talk about a 10%+ pick zone. In times like these, it is extremely hard to find 10%+ yield investments without introduc...
Two Discount BDCs Yielding 17% And 45% That You Shouldn't Touch
In my view, BDC sell-off is overdone. Given that the sector has been so punished, there are many opportunities to lock in attractive double digiti yields. Some particular names have become so discount...
14% Yielding And Growing Lenders To Buy For Big Upside Potential
Two high-quality, high-yields have seen their valuations compressed despite maintaining strong underlying fundamentals. Both are generating per-share growth in addition to offering huge yields that ap...
Deploy Cash Now Into Double-Digit Yielding Passive Income
I'm deploying cash into high-quality BDCs, alternative asset managers, and select ETFs to lock in attractive, sustainable yields after a sentiment-driven selloff. ARES, BX, and BAM offer scale, strong...
Dividend Investors Need To Pay More Attention To This Risk
Dividend investors often rely on backward-looking metrics. But AI could disrupt many “safe” dividend businesses. The article explains why this risk is still widely overlooked.
REITs May Be The Biggest Winner Of The Coming Market Shift
AI is beginning to disrupt far more industries than most investors expected. As barriers to entry collapse, many businesses could face lower growth and valuations. But one asset class may actually ben...
BDC Tailwinds Are Building, Not Breaking
The sentiment towards BDCs remains depressed. The P/NAV discounts are above 20%, and the redemptions show no signs of reversal. Yet, while this chaos happens, there are some hidden tailwinds forming i...
Some Of The Best Retirement Dividend Growth Machines I've Ever Seen
Two powerful income machines combine attractive yields with decades of dividend growth. Most investors chase yield or growth but rarely combine both at the same time. This simple combination could qui...
Build A 7%+ Yielding Dividend Machine For Stress-Free Retirement Income
Most investors chase yield and quietly destroy their retirement income in the process. A surprisingly simple portfolio structure can produce 7%+ income without excessive risk. The strategy combines th...
I Am Getting Paid While Markets Worry
When you have a headache, do you always assume the absolute worst-case scenario? Markets often react the same way, pricing in disasters that may never materialize. We discuss our top picks for steady ...
10-13% Yielding Blue Chips Getting Way Too Cheap To Ignore
Two elite income machines just fell to valuations investors rarely get to see. These stocks have traded down sharply due to scary-sounding headlines, but the data tells a very different story. The yie...
The #1 Thing I Wish I Knew Before Becoming A Dividend Investor
“Safe” 10% yields often lead to disappointing long-term results. Data shows the highest-yielding stocks frequently underperform. A better middle ground may offer stronger returns.
The #1 Rule For Retiring On Dividends (3 Stocks That Prove It)
Most dividend investors focus on the wrong metric, and it quietly destroys retirement plans. A simple rule separates sustainable dividend income from ticking time bombs. I discuss three income machine...
2 Best-Of-Breed Monthly Retirement Dividend Machines Yielding 10-11%
Most dividend portfolios miss a major income opportunity hiding in plain sight. Two overlooked monthly income machines could dramatically boost retirement cash flow. One powerful strategy could turn a...
2 Retirement Yield Picks That Give You The Right To Win
"Winning" for the retiree or the durable income investor is about achieving great and durable income compounding results without too much stress. However, to have the right to win, we have to earn it....
Rare Buying Opportunity: Elite Dividend Growth And Private Credit Machines Getting Too Cheap
A major market fear is crushing valuations in one of the market's most powerful dividend growth sectors. Yields are near historic highs while long-term growth engines remain fully intact. The disconne...
Stop Panicking And Start Buying BDCs
BDC sector offers a great moment to put your inner contrarian to test by scooping up high-quality compounders when everyone else is selling. The discounts have fallen into 20%+ zone, and the average y...
Selecting A Near-Perfect Dividend Growth Machine For Uncertain Times
Global instability is rising fast, but one income strategy may be built for exactly this kind of environment. These overlooked income machines combine bond-like stability with built-in growth most inv...
2 Retirement Income Growth Powerhouses To Buy Now
Income investing can be split into two broad categories: 1) high yield, low to no growth; 2) low yield, high growth. The high-yield-focused category has become a more challenging area to operate in (t...
Why 2026 Will Likely Bring More BDC Pain And Which 2 Picks I Like
The BDC sector faces heightened volatility in 2026 due to AI-driven software disruption and anticipated rate cuts. So far, multiple BDCs have reduced their leading dividends, with more likely in 2026....
The Most Dangerous Mistakes BDC Investors Keep Making
Double-digit yields look irresistible… but there are hidden risks few income investors truly understand. Business Development Company dividends are about to change – here's what everyone is missing.
BIZD: Assessing Investor Choices In The BDC ETF Space
VanEck BDC Income ETF is the largest, most liquid BDC ETF but is highly concentrated in a few names. Recent market dislocation has driven BDC and alternative asset manager equities down 11–12%, raisin...
2 BDCs To Buy For Stress-Free Retirement Cash Flow
The business development company, or BDC, sector faces aggressive bearish sentiment, with the market pricing in severe SaaS credit risks. Currently, we are definitely in a cyclical low, which could be...
Buy The Dip? Assessing Top-Tier BDCs Amid The SaaSpocalypse
Market sentiment appears overly defensive in certain areas, suggesting potential mispricing in risk assets. The analysis highlights top-tier BDCs, focusing on dividend yields, price/NAV, leverage, and...
The Ultimate 8%-Yielding 'Sleep-Well-At-Night' Retirement Income Machine
An overlooked opportunity is quietly delivering high current income and inflation-beating growth. I share an 8%+ yielding income machine with surprisingly strong growth. While other high-yield opportu...
2026 Could Be The Year REITs Rip: Two 6% Yielding Picks I Like
REITs are poised for potential outperformance in 2026, driven by anticipated lower interest rates and investor rotation from growth to value. Getty Realty (GTY) and VICI Properties (VICI) offer attrac...
Buy The Dip: Well-Covered 10% Yields Getting Way Too Cheap
These 10%+ yields look risky at first glance—but the numbers tell a very different story. Conservative balance sheets, strong coverage, and market mispricing are colliding. The recent sell-off may hav...
Two Low-SaaS 11%+ BDCs Going From Bargains To Buys
Kayne Anderson BDC and Trinity Capital offer 11%+ yields with minimal SaaS exposure, making them attractive amid sector-wide SaaS-driven BDC selloffs. KBDC's SaaS portfolio exposure is under 3%, and T...
Why BDC Dividend Cuts Matter Less Than You Think
System-wide BDC dividend cuts are highly likely as base dividend coverage averages 99% and growth is constrained. As a result, many BDC investors have decided to sit on the sidelines until the expecte...
The SaaSpocalypse Just Created One Of The Best 11%+ Yielding Opportunities I've Ever Seen
A $1 trillion wipeout just rocked software stocks. However, the real opportunity may be hiding in plain sight. While everyone debates AI disruption, a deeply undervalued, high-quality, well-covered 11...
10%+ Dividends And Stress-Free Retirement: My Top 2 Picks
Ultra-high-yield strategies (e.g., CLO equity, aggressive call option funds) risk capital destruction and income instability. Yet, conservative blue-chip income portfolios often yield too little (3-4%...
If I Had To Retire With 2 BDCs, These Would Be My Picks
The BDC sector faces mounting risks: falling base rates, spread compression, and rising credit issues, driving a ~23% index drawdown in 12 months. Dividend cuts have accelerated, with 12 out of ~55 BD...
I Wouldn't Want To Retire Without The 3 Most Undervalued Income Machines
Three income powerhouses are trading at very compelling valuations right now. Each offers attractive income with substantial upside potential. Here's why I'm overweighting them while the market is sti...