VanEck BDC Income ETF (BIZD)
| Assets | $1.43B |
| Expense Ratio | 12.86% |
| PE Ratio | 10.47 |
| Shares Out | 112.70M |
| Dividend (ttm) | $1.67 |
| Dividend Yield | 13.28% |
| Ex-Dividend Date | Dec 29, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 139.84% |
| Volume | 1,189,950 |
| Open | 12.55 |
| Previous Close | 12.51 |
| Day's Range | 12.54 - 12.69 |
| 52-Week Low | 12.40 |
| 52-Week High | 17.11 |
| Beta | 0.69 |
| 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
115.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Slk5w2ne Trs Usd R E Mvbdctrg | n/a | 34.86% |
| United States Treasury Bills 0% | B.0 07.16.26 | 19.72% |
| United States Treasury Bills 0% | B.0 04.16.26 | 18.85% |
| Ares Capital Corporation | ARCC | 14.67% |
| Blue Owl Capital Corporation | OBDC | 8.67% |
| Blackstone Secured Lending Fund | BXSL | 7.36% |
| Main Street Capital Corporation | MAIN | 3.08% |
| Golub Capital BDC, Inc. | GBDC | 2.89% |
| Hercules Capital, Inc. | HTGC | 2.62% |
| FS KKR Capital Corp. | FSK | 2.29% |
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 -14.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.97%.
News
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...
2 BDCs To Dump Before They Cut Their Dividend
The market has become worried about BDCs mostly from the credit risk perspective. However, some of the recent earnings reports and BDC examples show that dividend cut risk has not disappeared. In this...
2026 Is About Volatility And 10%+ Covered Call Yields
Volatility and dispersion are the likely key themes for 2026. The sky-high valuations and increasingly shaky economic/financial fundamentals support that view. At the same time, the market's "put mech...
Covered Call ETFs Look Perfect Until You Notice This Potential Fatal Flaw
The income looks irresistible, but the math tells a different story. A hidden risk could quietly erode long-term wealth. Why retirees may be better off skipping - or at the very least strictly limitin...
6%-8% Yields: 2 Of The Best Retirement Income Machines
High yield is easy; sustaining it is the real challenge. Two overlooked income machines quietly solve a major retirement problem. Why inflation may matter far less than most investors think.
Two 20%+ Yields That Have Entered Deep Bargain Territory
Recent AI and mega-cap growth volatility has impacted income-focused asset classes, underscoring the need for high-quality value and reliable current income streams. I structure my portfolio for an 8–...
Why More BDCs Are Likely To Cut Their Dividends
Business Development Companies (BDCs) face headwinds from declining interest rates, which pressure yields and dividend coverage across the sector. Lower rates reduce BDC income as loan yields fall, in...
Why BDC Dividend Cuts Aren't The Red Flag Investors Think
The market is signaling distress for BDCs, but the data tells a very different story. Dividend cuts for BDCs aren't what most investors think they are. Rare, well-covered double-digit yields trading a...
High-Yield Wreck Your Retirement? Here Is Your Path To Recovery
The yield that looks safe today may be your biggest long-term risk. Dividend cuts can be more damaging than market pullbacks. A better income strategy most retirees overlook.
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...