VanEck BDC Income ETF (BIZD)
| Assets | $1.49B |
| Expense Ratio | 12.86% |
| PE Ratio | 9.87 |
| Shares Out | 88.58M |
| Dividend (ttm) | $1.71 |
| Dividend Yield | 12.33% |
| Ex-Dividend Date | Oct 1, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 121.75% |
| Volume | 3,804,815 |
| Open | 14.22 |
| Previous Close | 14.21 |
| Day's Range | 13.89 - 14.25 |
| 52-Week Low | 13.44 |
| 52-Week High | 17.86 |
| Beta | 0.82 |
| 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
97.57% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0.01% | B.0 10.16.25 | 22.10% |
| Ares Capital Corporation | ARCC | 16.00% |
| Mvbdctrg1 Trs Usd R E Mvbdctrg | n/a | 14.17% |
| Mvbdctrg Trs Usd R E Mvbdctrg | n/a | 11.77% |
| Blue Owl Capital Corporation | OBDC | 10.13% |
| Main Street Capital Corporation | MAIN | 8.04% |
| United States Treasury Bills 0.01% | B.0 01.15.26 | 5.20% |
| Golub Capital BDC, Inc. | GBDC | 3.50% |
| Blackstone Secured Lending Fund | BXSL | 3.37% |
| Hercules Capital, Inc. | HTGC | 3.30% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jul 1, 2024 | $0.4534 | Jul 5, 2024 |
Performance
BIZD had a total return of -5.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.76%.
News
Panic Or Opportunity? 2 Income Stocks I'd Dollar-Cost Average Into Now
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The BDC sector has been hammered. The discounts have become deep almost across the board. The question is whether to enter now, or is the risk still too high that it will end up being a 'catching a fa...
Mr. Market's Warning: 2 Quality BDCs Who Could Slash Their Dividends Soon
Blackstone Secured Lending and Morgan Stanley Direct Lending are high-quality BDCs facing potential dividend cuts due to falling coverage ratios. BXSL's fundamentals remain strong, but tight dividend ...
Worried About BDCs? These 2 Are There To Offer Sustainable Yields
BDCs are in trouble. It is not only interest rates but also other factors such as tight dividend coverage levels, debt-saturated balance sheets, and spread compression that introduce risks. In my view...
The More They Drop, The More I Buy
Two beaten-down dividend stocks with strong fundamentals are trading at deep discounts. One offers a double-digit yield, while the other combines AI-driven growth with income. Wall Street may be selli...
BIZD In A Rate Cut Environment - Is Double-Digit Yield Sustainable?
VanEck BDC Income ETF (BIZD) offers diversified exposure to business development companies, targeting high-yield income for dividend-focused investors. BIZD currently yields 8.7–11.4%, but distributio...
What Will It Take To Halt BDC Dividend Cuts? 1 Catalyst On The Horizon
14 BDCs have base dividend coverage levels between 100% and 105%. 16 BDCs have them already below 100%. Given the unfavorable future earnings outlook, a system-wide BDC dividend cutting process is ver...
Is A 10%+ Yield Safe Right Now? 2 Picks For A Retiree's Radar
Interest rates are one of the most important drivers of asset valuations, directly impacting discount rates and valuations. So, as the Fed lowers rates, yield compression occurs, making it harder to f...
The Near-Perfect Portfolio Of 3-13% Yields For The Fed's Rate Cuts
The Fed just cut rates. I share a portfolio of 3-13% yielding investments that are well-positioned for the expected impacts of Fed rate cuts. I also share what I am avoiding right now.
2 BDCs: 1 Hidden Gem And 1 Overhyped Quality Play
The BDC sector faces headwinds from thin dividend coverage, falling base rates, and compressed spreads, threatening earnings and payouts. Many BDCs may be forced to cut dividends by 2026, negatively i...
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.
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