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BIZD
VanEck Vectors BDC Income ETF

Fund Description

The VanEck Vectors® BDC Income ETF (BIZD®) 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
  • Commencement

    02/11/2013
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    MVBIZDTG
  • Index Rebalancing

    Quarterly

 
as of 08/16/19

  • 30-Day SEC Yield1

    9.10%
  • Total Net Assets

    $214.8M
  • Number of Holdings

    25
  • Options

    Expected
  • Gross Expense Ratio2

    9.49%
  • Net Expense Ratio/TER2

    9.41%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    09/30/2019
  • 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 08/16/19

  • 30-Day SEC Yield1

    9.10%
  • Distribution Yield1

    9.49%
  • 12-Month Yield1

    9.78%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.09%
  • Acquired Fund Fees and Expenses

    9.00%
  • Gross Expense Ratio

    9.49%
  • Fee Waivers and
    Expense Reimbursement

    -0.08%
  • Net Expense Ratio/TER2

    9.41%
2Expenses for BIZD are capped contractually at 0.40% until September 1, 2019. 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

    13,200,000
  • Estimated Cash

    BIZDEU
  • Total Cash

    BIZDTC
  • CUSIP

    92189F411
  • ISIN

    US92189F4110
5See IIV Details. Source: Bloomberg

Prices as of 08/16/19

NAV/
Last 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
NAV
Chart
BIZD $16.28
$16.41
63,738
42,687
$0.25 / +1.55%
$0.32 / +1.99%
+22.94%
+25.45%
$0.13
0.82%

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) 1.12 1.49 24.52 6.18 7.62 5.15 -- 5.40
BIZD (Share Price) 1.13 1.43 26.19 6.43 7.78 5.13 -- 5.41
MVBIZDTG (Index) 1.17 1.58 21.27 6.43 7.78 5.22 -- 5.54
Performance Differential (NAV - Index) -0.05 -0.09 3.25 -0.25 -0.16 -0.07 -- -0.14
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) 3.75 4.35 23.14 9.99 9.25 4.21 -- 5.29
BIZD (Share Price) 3.81 4.15 24.79 10.04 9.30 4.15 -- 5.30
MVBIZDTG (Index) 3.78 4.40 19.87 10.18 9.38 4.27 -- 5.42
Performance Differential (NAV - Index) -0.03 -0.05 3.27 -0.19 -0.13 -0.06 -- -0.13

Top 10 Holdings (%) as of 07/31/19 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
2,365,665
43,930,399 20.59
Fs Kkr Capital Corp
FSK US
3,565,669
20,431,283 9.58
Main Street Capital Corp
MAIN US
427,859
18,269,579 8.56
Prospect Capital Corp
PSEC US
2,102,980
13,921,728 6.53
Hercules Capital Inc
HTGC US
826,606
10,729,346 5.03
Apollo Investment Corp
AINV US
570,307
9,324,519 4.37
Tpg Specialty Lending Inc
TSLX US
447,624
8,737,620 4.10
Tcg Bdc Inc
CGBD US
542,159
8,197,444 3.84
New Mountain Finance Corp
NMFC US
583,747
8,038,196 3.77
Golub Capital Bdc Inc
GBDC US
410,723
7,446,408 3.49
Top 10 Total (%) 69.86
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 07/31/19

  • Sector

    % of Net Assets
  • Financial

    98.3
  • Consumer, Non-cyclical

    1.7
  • Other/Cash

    0.0

Currency Exposure (%)
as of 07/31/19

  • U.S. Dollar

    100.00
  • Other/Cash

    0.00

Country Weightings (%) as of 07/31/19

  • Country

    % of Net Assets
  • United States

    100.00
  • Other/Cash

    0.00