VanEck BDC Income ETF (BIZD)
| Assets | $1.50B |
| Expense Ratio | 12.86% |
| PE Ratio | 10.63 |
| Shares Out | 106.55M |
| Dividend (ttm) | $1.67 |
| Dividend Yield | 12.45% |
| Ex-Dividend Date | Dec 29, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 132.39% |
| Volume | 3,629,127 |
| Open | 13.28 |
| Previous Close | 13.21 |
| Day's Range | 13.26 - 13.49 |
| 52-Week Low | 13.14 |
| 52-Week High | 17.86 |
| Beta | 0.68 |
| Holdings | 35 |
| 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
114.30% of assets| Name | Symbol | Weight |
|---|---|---|
| Slk5w2ne Trs Usd R E Mvbdctrg | n/a | 34.45% |
| United States Treasury Bills 0% | B.0 07.16.26 | 18.44% |
| United States Treasury Bills 0% | B.0 04.16.26 | 18.11% |
| Ares Capital Corporation | ARCC | 15.17% |
| Blue Owl Capital Corporation | OBDC | 8.47% |
| Blackstone Secured Lending Fund | BXSL | 7.60% |
| Main Street Capital Corporation | MAIN | 3.30% |
| Golub Capital BDC, Inc. | GBDC | 2.99% |
| Hercules Capital, Inc. | HTGC | 2.98% |
| FS KKR Capital Corp. | FSK | 2.79% |
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 -13.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.53%.
News
My Ultimate Strategy For High Income And Market-Beating Returns
Why index investing is far riskier than it looks. A wildly popular dividend investing strategy may be setting investors up for disappointment. One overlooked approach could completely reshape long-ter...
Buy The Dip: 11-13% Yields Getting Way Too Cheap
The market is pricing in a disaster that the data still refuses to confirm. Deep discounts and double-digit yields are colliding in an overlooked corner of the market. If sentiment flips, the upside c...
Why I Stopped Buying Rental Properties To Buy Dividend Stocks Instead
Rental properties are often pitched as better investments than dividend stocks. I strongly disagree. Dividend stocks are not only more rewarding, but they are also safer and help you optimize for your...
Private Credit Saw Its Shadow - More Winter Ahead
Business Development Companies (BDCs) face mounting risk from AI-driven disruption in software and technology sector loan portfolios. Peak-valuation software loans, especially those originated in 2021...
The Dark Side Of High-Yield Investing Few Retirees Understand
Many retirees invest in high-yielding funds where the income looks irresistible, but the risk is hiding in plain sight. One overlooked factor can quietly destroy long-term retirement income. There is ...
A Near-Perfect Buy-And-Hold Dividend Growth Portfolio For Retirement
Most investors think they must choose between dividend growth and mega-cap tech, but this setup breaks that rule. One overlooked ETF combination quietly solves a major retirement problem. The balance ...
Keep Calm And Buy High Quality Dividends
Everywhere in life, you pay for flexibility; In the financial markets, you get paid to seek flexibility. Regular income from your portfolio creates cash flow flexibility and gives you options to navig...
10-12% Yields Trading For Pennies On The Dollar
A few scary headlines have investors running, but the data tells a very different story. Deep discounts are opening up where fundamentals remain unusually strong. This misunderstood corner of the mark...
Private Market ETFs: Democratizing Access
Private markets were historically for institutional and ultra-high-net-worth investors. Today, that exclusivity is breaking down, as many retail investors realize the value behind private markets and ...
2 Highest Yielding Quality MLPs To Include In Retirement Portfolios
Midstream MLPs offer high single-digit yields with strong defensive characteristics, making them attractive for retirement income portfolios. The yield-to-risk ratio in MLPs is compelling, even compar...
BDCs: Buying 10% Income The Smart Way
Business development companies offer high yields, but investors must be wary of yield traps and underlying credit risks. Premium BDCs like Main Street Capital, Hercules Capital, and Capital Southwest ...
Two 12%+ Dividends Going From Bargains To Buys
Investors are currently adopting a more conservative stance, favoring high-quality value and durable income. However, this rotation coupled with lower interest rates echoes a bit 2022's system-wide yi...
I'm Betting Big On These 8-10% Yields For Early Retirement
The biggest risk most early retirees completely underestimate. Why these yields look far safer than the market believes. The income strategy that changed how I view retirement planning.
A Golden Buying Opportunity: 7-11% Yields Income Investors Are Missing
Two elite income machines are trading like second-rate assets. A misunderstood inflection point could change everything. The market panic may be creating a rare gift for income investors.
The More These High Yields Drop, The More I Buy
The market is pricing in a crisis that the data simply does not show. A misunderstood corner of credit is flashing rare value signals. The disconnect between headlines and fundamentals is growing fast...
How I'm Taking Shelter From BDC Dividend Cut Storm
The BDC sector is slowly rebounding, but still faces looming dividend cuts as NII per share declines with lower base rates and spread compression. Average BDC base dividend coverage is 100%, and debt-...
The Income Quintet: 5 Pillars Of Safe High Yield
The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, foc...
The One Data Point That Changed My Dividend Growth Strategy
A long-held dividend investing assumption just quietly broke down. One overlooked sector is rewriting the rules on yield and growth. This shift completely changed how I allocate my capital.
My Ultimate Buy-The-Dip Picks For 10-12% Income
These two income plays just fell hard, but the fundamentals didn't. They have double-digit yields, deep discounts, and balance sheet firepower. It's the kind of setup long-term income investors often ...
If I Were Starting A Dividend Portfolio In 2026, Here's How I Would Invest
Dividend investing is increasingly vital amid higher rates and inflation, offering passive income and wealth compounding for retirement. Anchoring a portfolio with quality dividend ETFs like SCHD, FDV...
A Golden Buying Opportunity: 9% Yields The Market Is Grossly Mispricing
These yields look risky at first glance. However, the market is missing important details. These are rare setups that could deliver income and upside at the same time.
The Biggest Bargain And The Most Expensive Lottery Ticket I See In The BDC Space
BDC sector valuations remain depressed, with P/NAV metrics under 1x due to falling rates and credit risk concerns. Dividend sustainability is diverging across BDCs; not all will cut, but the ones with...
BIZD Vs. PBDC: Why Active Credit Selection Is Crucial For Total Return In 2026
PBDC and BIZD both face headwinds from Fed rate cuts, leading to a 'Hold' rating for each. The SOFR cut has already begun to hit NII income, making asset selection critical. Real fees (0.4%–0.75%) are...
The Chart That Answers Your Question About BDC Dividend Cuts
Investors have started to question how sustainable BDC dividends are. A lot of this skepticism is logical and justified by valid reasons. My calculus shows that on average BDCs could cut their dividen...
Turn Volatility Into Opportunity With Dividends - Yields +9%
Financial markets will always fear something or another; If you react to every concern, there won't be anything to invest in. We are opportunistic buyers in the face of irrational fears. We discuss ou...
A Near-Perfect Passive Income Portfolio To Sleep Well In Retirement
Most retirees focus on the wrong metric - and it could cost them everything. This income framework turns volatility into an advantage. A single portfolio shift could dramatically reduce retirement str...
My Most Important Dividend Growth Picks For The Market's Next Phase
The market's favorite AI trades may already be priced for perfection. A quieter corner of the AI boom is generating real cash flows. Dividend growth investors may be looking in all the wrong places.
Consider Selling BDCs Due To Lower Rates? Here's Why It's A Bad Idea
BDC net investment income levels are declining as the Fed lowers rates. Despite lower base rates, I see no reason to rotate out of the BDC sector. In the article I detail how BDCs have outperformed th...
A Golden Buy The Dip Opportunity: Blue-Chip 11%+ Yields
Recent economic data and stock price valuations have recently become disconnected in two high-yielding blue-chip stocks. This presents a rare golden buying opportunity. I share why these 11%+ yields a...
The One Retirement Risk Too Few Care About, And How Dividends Fix It
The most dangerous retirement risk has nothing to do with total returns. This income blueprint prioritizes cash flow when it matters most. I share some of my top retirment income picks.
BIZD: Suboptimal Way For Retirees To Make Their First Step Into BDCs
The VanEck BDC Income ETF is a concentrated, market-cap-weighted BDC ETF, not a truly diversified vehicle. BIZD's top holdings dominate exposure, lacking quality, yield, or historical track record fil...
The Financial Freedom Blueprint I Used To Achieve The Optionality To Retire In My 30s
My durable income investing journey centers on three strategic levers: aggressive saving, income focus, and unemotional logic. Prioritizing savings as the first budget item and delaying gratification ...
2 Once-In-A-Decade Buying Opportunities For 2026
A historic setup with a simultaneous supply cliff and debt wall is forming right under investors' noses. Meanwhile, old fears are masking a powerful cash flow inflection for one of my favorite buying ...
Buy The Dip: 2 Of The Best Undervalued 8%-10% Yields I've Seen
Investors are being handed a rare gift with some high-yielding, undervalued opportunities available right now. Two 8-10% yields look far safer and cheaper than the market assumes. I share a contrarian...
BIZD: Weaker Appeal Amid Struggling BDC Sector (Rating Downgrade)
VanEck BDC Income ETF is downgraded to hold, reflecting sector-wide BDC challenges rather than fund-specific issues. BIZD offers instant BDC diversification and a high 11.9% dividend yield but is high...
A Golden Buying Opportunity Few Investors Have Noticed Yet
The market looks very overvalued today. However, there is a corner of it that appears largely overlooked. I detail why I am pouring a large percentage of my portfolio into this golden buying opportuni...
This Is How I'm Harvesting BDC Cash Flows For My Retirement
This Is How I'm Harvesting BDC Cash Flows For My Retirement. The double-digit yields, term 'private credit,' cases like First Brands and Tricolor are just some examples that introduce a high degree of...
An Important Warning: Popular Income Stocks Are Getting Risky Here
Leading blue-chip dividend growth stocks appear to be untouchable, until you zoom out and see what's changed. A small shift in the macro could turn today's favorites into tomorrow's regrets. I detail ...
My Biggest Contrarian Bet: The BDC Hidden Income Gift
The market seems to question the true fair value of BDC portfolios. There is a fear that the BDCs will start to report elevated non-accruals, which would make their life more difficult (as they have a...
Why 10%+ Yields Can Wreck Your Retirement Income
My portfolio goal is sustainable, stress-free income—prioritizing safety over chasing high yields. Even though it might be very tempting, tilting investments towards 10%+ yields is not the smartest th...
Is Your Retirement Income Enough? How I Leveled Up Mine With Covered Call ETFs
Yield for traditional income sources have started to compress. For income-oriented investors, who seek to build a reliable passive income machine it causes a real headache. To hit a certain target inc...
7%+ Yields: I Am Giving Thanks For My Favorite Black Friday Special
I am thankful for many things this year. I am particularly thankful for my favorite Black Friday special from Mr. Market. I detail why I like this high-yielding bargain.
Don't Fear The Pivot: 2 BDCs Built For 10%+ Yields In New Rate Regime
BDC earnings are sensitive to interest rates. As there is no meaningful margin of safety in the BDC system, forthcoming interest rate cuts might trigger a wave of dividend cuts. For prudent passive in...