BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
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NAV$15.91
as of December 04, 2023 -
YTD RETURNS22.50%
as of December 04, 2023 -
Total Net Assets$776.96M
as of December 04, 2023 -
Total Expense Ratio11.17%
Learn More about AFFEs -
Inception Date02/11/2013
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30-Day SEC Yield10.44%
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.
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
RECOMMENDED INSIGHTS
BDCs: The Liquid Alternative to Private Credit
BDCs: The Liquid Alternative to Private Credit