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BIZD
VanEck Vectors BDC Income ETF

Fund Description

The VanEck Vectors® 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 05/29/20

  • 30-Day SEC Yield1

    13.33%
  • Total Net Assets

    $202.1M
  • Number of Holdings

    26
  • Options

    Expected
  • Gross Expense Ratio2

    9.68%
  • Net Expense Ratio/TER2

    9.62%
  • Distribution Frequency

    Quarterly
  • Expenses Explained

Key Points

  • High Income Potential

  • Only ETF Offering Pure-Play Exposure to BDCs

  • BDCs Generate Income by Lending to, and Investing in, Private Companies that tend to be Below Investment Grade or Not Rated

Yield
as of 05/29/20

  • 30-Day SEC Yield1

    13.33%
  • Distribution Yield1

    11.81%
  • 12-Month Yield1

    12.23%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.07%
  • Acquired Fund Fees and Expenses

    9.21%
  • Gross Expense Ratio

    9.68%
  • Fee Waivers and
    Expense Reimbursement

    -0.06%
  • Net Expense Ratio/TER2

    9.62%
2Expenses for BIZD are capped contractually at 0.40% until September 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    BIZD
  • Index Total Return Ticker

    MVBIZDTG
  • NAV

    BIZDNV
  • Intraday NAV (IIV)5

    BIZDIV
  • Shares Outstanding

    16,750,000
  • Estimated Cash

    BIZDEU
  • Total Cash

    BIZDTC
  • CUSIP

    92189F411
  • ISIN

    US92189F4110
5See IIV Details. Source: Bloomberg

Prices as of 05/29/20

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 $12.06
$12.03
198,025
84,320
-$0.08 / -0.63%
$-0.08 / -0.66%
-23.19%
-23.87%
$-0.03
-0.29%
0.41%

Premium/Discount History as of 05/29/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 179 47 45 46 41
BIZD Days closed at NAV 29 6 8 8 6
Days closed at a discount 44 10 11 10 15

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) 19.57 -33.43 -31.58 -27.77 -9.06 -1.56 -- 0.00
BIZD (Share Price) 20.17 -33.34 -31.61 -27.62 -8.95 -1.50 -- 0.04
MVBIZDTG (Index) 19.38 -34.05 -33.66 -28.32 -9.13 -1.71 -- 0.00
Performance Differential (NAV - Index) 0.19 0.62 2.08 0.55 0.07 0.15 -- 0.00
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) -38.05 -42.78 -42.78 -37.19 -13.90 -4.78 -- -2.48
BIZD (Share Price) -38.17 -43.08 -43.08 -37.46 -14.01 -4.86 -- -2.50
MVBIZDTG (Index) -38.54 -44.43 -44.43 -37.58 -13.92 -4.88 -- -2.46
Performance Differential (NAV - Index) 0.49 1.65 1.65 0.39 0.02 0.10 -- -0.02

Top 10 Holdings (%) as of 04/30/20 Daily Holdings

Total Holdings: 26
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
ARES CAPITAL CORP
ARCC US
2,418,951
31,059,331 18.01
OWL ROCK CAPITAL CORP
ORCC US
834,576
10,766,030 6.24
FS KKR CAPITAL CORP
FSK US
2,824,753
9,717,150 5.63
PROSPECT CAPITAL CORP
PSEC US
2,219,096
9,630,877 5.58
MAIN STREET CAPITAL CORP
MAIN US
361,466
9,427,033 5.47
HERCULES CAPITAL INC
HTGC US
863,994
8,864,578 5.14
GOLUB CAPITAL BDC INC
GBDC US
826,444
8,479,315 4.92
TPG SPECIALTY LENDING INC
TSLX US
489,760
8,061,450 4.67
GOLDMAN SACHS BDC INC
GSBD US
408,721
6,551,798 3.80
NEW MOUNTAIN FINANCE CORP
NMFC US
837,302
6,405,360 3.71
Top 10 Total (%) 63.17
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 04/30/20

  • Sector

    % of Net Assets
  • Financial

    97.5
  • Consumer, Non-cyclical

    2.0
  • Other/Cash

    0.5

Currency Exposure (%)
as of 04/30/20

  • U.S. Dollar

    99.53
  • Other/Cash

    0.48

Country Weightings (%) as of 04/30/20

  • Country

    % of Net Assets
  • United States

    99.53
  • Other/Cash

    0.48