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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
    $16.45

    as of September 16, 2024
  • YTD RETURNS
    8.36%

    as of September 16, 2024
  • Total Net Assets
    $1.18B

    as of September 16, 2024
  • Total Expense Ratio
    13.33%

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  • Inception Date
    02/11/2013
  • 30-Day SEC Yield
    10.57%

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.

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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

Performance

Fees

Holdings

Portfolio & Index

Index Fundamentals as of 08/31/2024

  • Weighted Average Market Cap
    5.50
  • Price/Earnings Ratio (Last 12 Months)
    8.66
  • Price/Book Ratio (Last 12 Months)
    1.02

3-YR Risk Measures as of 08/31/2024

  • Beta vs. S&P 500 Index
    0.71
  • Correlation vs. S&P 500 Index
    0.74
  • Volatility (Standard Deviation)
    16.82
  • Sharpe Ratio
    0.41

Index Country Weightings (%) as of 08/31/2024

  • Country

    % of Net Assets
  • ■

    United States

    100.0

Index Sector Weightings (%) as of 08/31/2024

  • Sector

    % of Net Assets
  • ■

    Financials

    96.7
  • ■

    Others

    3.3

Distributions

Team

Literature

BIZD