BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
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NAV$16.73
as of July 26, 2024 -
YTD RETURNS10.23%
as of July 26, 2024 -
Total Net Assets$1.18B
as of July 26, 2024 -
Total Expense Ratio11.17%
Learn More about AFFEs -
Inception Date02/11/2013
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30-Day SEC Yield10.52%
Fund Description
The VanEck BDC Income ETF (BIZDTM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®US Business Development Companies Index (MVBDCTRG), which tracks the overall performance of publicly traded business development companies.
Overview
Fund Highlights
- High Income Potential†
Business Development Companies (BDCs) have proven an attractive alternative income source historically
- Exposure to Private Credit
Target privately-held U.S. companies and thinly traded U.S. public companies which are generally difficult to access
- Lending to Middle-Market Companies
BDCs generate income by lending to, and investing in, private companies that tend to be below investment grade or not rated