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BIZD
VanEck BDC Income ETF

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 (MVBIZDTG), which tracks the overall performance of publicly traded business development companies.

 
 

  • Fund Ticker

    BIZD

  • Exchange

    NYSE Arca

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVBIZDTG

  • Index Rebalancing

    Quarterly

 
as of 09/20/21

  • 30-Day SEC Yield1

    8.04%

  • Total Net Assets

    $471.3M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    10.07%

  • Net Expense Ratio/TER2

    10.07%

  • Distribution Frequency

    Quarterly
  • Expenses Explained
Schedule a Call
How to Buy

Key Points

  • High Income Potential6
    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

Yield
as of 09/20/21

  • 30-Day SEC Yield1

    8.04%

  • Distribution Yield1

    7.55%

  • 12-Month Yield1

    8.16%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%

  • Other Expenses

    0.01%

  • Acquired Fund Fees and Expenses

    9.66%

  • Gross Expense Ratio

    10.07%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    10.07%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    BIZD

  • Index Total Return Ticker

    MVBIZDTG

  • NAV

    BIZDNV

  • Intraday NAV (IIV)4

    BIZDIV

  • Shares Outstanding

    27,975,000

  • Estimated Cash

    BIZDEU

  • Total Cash

    BIZDTC

  • CUSIP

    92189F411

  • ISIN

    US92189F4110
4See IIV Details. Source: Bloomberg

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 09/20/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
BIZD $16.85
$16.83		 174,281
234,376		 -$0.23 / -1.37%
$-0.27 / -1.58%		 +31.12%
+29.96%
 $-0.02
-0.10%		 0.12%

Premium/Discount History as of 09/20/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 153 30 46 43 47
BIZD Days closed at NAV 22 6 6 8 8
Days closed at a discount 78 28 12 10 8


Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) 1.29 2.40 33.49 54.25 10.53 8.96 -- 7.20
BIZD (Share Price) 1.24 2.36 33.35 54.42 10.51 8.98 -- 7.21
MVBIZDTG (Index) 1.33 2.60 30.97 54.96 10.31 8.90 9.67 7.21
Performance Differential (NAV - Index) -0.04 -0.20 2.52 -0.71 0.22 0.06 -- -0.01
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) 0.44 8.49 30.93 58.18 12.05 10.77 -- 7.10
BIZD (Share Price) 0.41 8.30 30.81 57.38 12.09 10.82 -- 7.12
MVBIZDTG (Index) 0.55 8.78 28.36 58.61 11.81 10.67 -- 7.10
Performance Differential (NAV - Index) -0.11 -0.29 2.57 -0.43 0.24 0.10 -- 0.00

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
ARES CAPITAL CORP
ARCC US
3,708,957
73,808,244 15.81
FS KKR CAPITAL CORP
FSK US
2,330,470
53,810,552 11.52
OWL ROCK CAPITAL CORP
ORCC US
2,699,630
39,414,598 8.44
MAIN STREET CAPITAL CORP
MAIN US
574,509
23,893,829 5.12
HERCULES CAPITAL INC
HTGC US
1,380,937
23,337,835 5.00
SIXTH STREET SPECIALTY LENDING INC
TSLX US
953,377
21,736,996 4.66
GOLUB CAPITAL BDC INC
GBDC US
1,354,201
21,274,498 4.56
PROSPECT CAPITAL CORP
PSEC US
2,613,116
20,748,141 4.44
GOLDMAN SACHS BDC INC
GSBD US
1,069,957
20,393,380 4.37
NEW MOUNTAIN FINANCE CORP
NMFC US
1,419,843
18,983,301 4.07
Top 10 Total (%) 67.99
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • ■

    Financial

    100.2
  • ■

    Other/Cash

    -0.2

Currency Exposure (%)
as of 08/31/21

  • U.S. Dollar

    100.18

  • Other/Cash

    -0.18

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • ■

    United States

    100.18
  • ■

    Other/Cash

    -0.18