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BIZD VanEck BDC Income ETF Please read important disclosure Close important disclosure false

BIZD
VanEck BDC Income ETF

BIZD
VanEck BDC Income ETF

  • NAV

    $15.17

    as of June 08, 2023
  • YTD RETURNS

    10.39%

    as of June 08, 2023
  • Total Net Assets

    $611.16M

    as of June 08, 2023
  • Total Expense Ratio

    10.92%
  • Inception Date

    02/11/2013

Van 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. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.

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.

Overview

Fund Highlights

  • 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

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

BIZD