BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
-
NAV$16.23
as of August 23, 2024 -
YTD RETURNS6.91%
as of August 23, 2024 -
Total Net Assets$1.16B
as of August 23, 2024 -
Total Expense Ratio11.17%
Learn More about AFFEs -
Inception Date02/11/2013
-
30-Day SEC Yield10.79%
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
Higher Yield and Diversification with Floating Rate Opportunities
Higher Yield and Diversification with Floating Rate Opportunities