BIZDVanEck 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 04/20/21
-
30-Day SEC Yield1
8.12% -
Total Net Assets
$394.1M -
Number of Holdings
26 -
Options
Expected -
Gross Expense Ratio2
10.31% -
Net Expense Ratio/TER2
10.24% -
Distribution Frequency
Quarterly - Expenses Explained
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 04/20/21
-
30-Day SEC Yield1
8.12% -
Distribution Yield1
8.97% -
12-Month Yield1
8.71%
Fees & Expenses2
-
Management Fee
0.40% -
Other Expenses
0.08% -
Acquired Fund Fees and Expenses
9.83% -
Gross Expense Ratio
10.31% -
Fee Waivers andExpense Reimbursement
-0.07% -
Net Expense Ratio/TER2
10.24%
Trading Information
-
Fund Ticker
BIZD -
Index Total Return Ticker
MVBIZDTG -
NAV
BIZDNV -
Intraday NAV (IIV)4
BIZDIV -
Shares Outstanding
23,825,000 -
Estimated Cash
BIZDEU -
Total Cash
BIZDTC -
CUSIP
92189F411 -
ISIN
US92189F4110
Investment Professionals
Peter Liao, CFA
- 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
Guo Hua (Jason) Jin
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- 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 04/20/21
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) | 4.46 | 20.68 | 20.68 | 95.86 | 10.83 | 9.80 | -- | 6.26 |
BIZD (Share Price) | 4.58 | 20.79 | 20.79 | 96.82 | 10.87 | 9.85 | -- | 6.29 |
MVBIZDTG (Index) | 4.51 | 17.99 | 17.99 | 95.06 | 10.52 | 9.59 | -- | 6.22 |
Performance Differential (NAV - Index) | -0.05 | 2.69 | 2.69 | 0.80 | 0.31 | 0.21 | -- | 0.04 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 02/11/13 |
|
---|---|---|---|---|---|---|---|---|
BIZD (NAV) | 4.46 | 20.68 | 20.68 | 95.86 | 10.83 | 9.80 | -- | 6.26 |
BIZD (Share Price) | 4.58 | 20.79 | 20.79 | 96.82 | 10.87 | 9.85 | -- | 6.29 |
MVBIZDTG (Index) | 4.51 | 17.99 | 17.99 | 95.06 | 10.52 | 9.59 | -- | 6.22 |
Performance Differential (NAV - Index) | -0.05 | 2.69 | 2.69 | 0.80 | 0.31 | 0.21 | -- | 0.04 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
ARES CAPITAL CORP |
ARCC US
|
1,925,815
|
36,031,999 | 9.61 | |
MAIN STREET CAPITAL CORP |
MAIN US
|
500,338
|
19,588,233 | 5.22 | |
PROSPECT CAPITAL CORP |
PSEC US
|
2,531,312
|
19,415,163 | 5.18 | |
OWL ROCK CAPITAL CORP |
ORCC US
|
1,397,613
|
19,245,131 | 5.13 | |
GOLDMAN SACHS BDC INC |
GSBD US
|
983,664
|
19,014,225 | 5.07 | |
HERCULES CAPITAL INC |
HTGC US
|
1,181,387
|
18,937,634 | 5.05 | |
GOLUB CAPITAL BDC INC |
GBDC US
|
1,274,231
|
18,629,257 | 4.97 | |
FS KKR CAPITAL CORP II |
FSKR US
|
945,106
|
18,457,920 | 4.92 | |
FS KKR CAPITAL CORP |
FSK US
|
921,493
|
18,273,206 | 4.87 | |
NEW MOUNTAIN FINANCE CORP |
NMFC US
|
1,311,146
|
16,258,210 | 4.33 | |
Top 10 Total (%) | 54.35 |
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Financial
99.1 -
■
Other/Cash
0.9
Currency Exposure (%)
as of 03/31/21
-
U.S. Dollar
99.15 -
Other/Cash
0.85
Country Weightings (%) as of 03/31/21
-
Country
% of Net Assets -
■
United States
99.15 -
■
Other/Cash
0.85