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VanEck BDC Income ETF

ETF
BIZD
Payout Change
Pending
Price as of:
$15.9 -0.18 -1.12%
primary theme
Financials Sector Equity
BIZD (ETF)

VanEck BDC Income ETF

Payout Change
Pending
Price as of:
$15.9 -0.18 -1.12%
primary theme
Financials Sector Equity
BIZD (ETF)

VanEck BDC Income ETF

Payout Change
Pending
Price as of:
$15.9 -0.18 -1.12%
primary theme
Financials Sector Equity

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck BDC Income ETF

BIZD | ETF

$15.90

$1.14 B

11.65%

$1.85

13.33%

Vitals

YTD Return

9.0%

1 yr return

15.1%

3 Yr Avg Return

8.4%

5 Yr Avg Return

10.7%

Net Assets

$1.14 B

Holdings in Top 10

76.3%

52 WEEK LOW AND HIGH

$16.1
$15.46
$17.38

Expenses

OPERATING FEES

Expense Ratio 13.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck BDC Income ETF

BIZD | ETF

$15.90

$1.14 B

11.65%

$1.85

13.33%

BIZD - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 10.57%
DIVIDENDS
  • Dividend Yield 11.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    VanEck BDC Income ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Feb 11, 2013
  • Shares Outstanding
    37025000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index and/or in investments or instruments that have investment exposure to securities that comprise its benchmark index. The BDC Index is comprised of BDCs. To be eligible for the BDC Index and qualify as a BDC, a company must be organized under the laws of, and have its principal place of business in, the United States, be registered with the Securities and Exchange Commission and have
elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”). BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held U.S. companies or thinly traded U.S. public companies. Small- and medium-capitalization BDCs are eligible for inclusion in the BDC Index. The BDC Index is reconstituted and rebalanced quarterly. As of June 30, 2024, the BDC Index included 26 securities of companies with a market capitalization range of between approximately $304 million to $12.8 billion and a weighted average market capitalization of $5.3 billion. This 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund seeks to achieve its investment objective by primarily investing in securities issued by BDCs and in swaps and other types of derivative instruments that have investment exposure to BDCs, including swaps on the benchmark index and/or swaps on the components that comprise the benchmark index. The notional values of these swaps and other derivative instruments will count towards the Fund’s 80% investment policy and cash and cash equivalents related to the swaps and other derivative instruments will not be counted towards the calculation of total assets. Floating-rate securities owned by BDCs in which the Fund invests may pay interest based on the Secured Overnight Financing Rate (“SOFR”). The Fund may also invest in exchange-traded notes.
The Investment Company Act of 1940 places limits on the percentage of the total outstanding stock of a BDC that may be owned by the Fund; however, a Securities and Exchange Commission rule applicable to the Fund permits it to invest in BDCs in excess of this limitation if certain conditions are met.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the BDC Index by investing in a portfolio of securities that generally replicates the BDC Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the BDC Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the BDC Index.
The Fund will concentrate its investments in a particular industry or group of industries to the extent that the BDC Index concentrates in an industry or group of industries. As of April 30, 2024, the financials sector represented a significant portion of the Fund.
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BIZD - Performance

Return Ranking - Trailing

Period BIZD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% 2.3% 31.0% 92.13%
1 Yr 15.1% 7.9% 57.2% 97.75%
3 Yr 8.4%* -23.4% 16.4% 19.10%
5 Yr 10.7%* -6.6% 20.8% 41.57%
10 Yr 8.5%* -1.0% 14.6% 42.47%

* Annualized

Return Ranking - Calendar

Period BIZD Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -12.2% 29.3% 23.60%
2022 -17.8% -56.2% 9.4% 49.44%
2021 25.3% 1.6% 54.4% 61.80%
2020 -18.0% -41.2% 61.3% 95.51%
2019 19.3% 10.5% 97.3% 78.65%

Total Return Ranking - Trailing

Period BIZD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% 2.3% 31.0% 92.13%
1 Yr 15.1% 7.9% 57.2% 97.75%
3 Yr 8.4%* -23.4% 16.4% 19.10%
5 Yr 10.7%* -6.6% 20.8% 41.57%
10 Yr 8.5%* -1.0% 14.6% 42.47%

* Annualized

Total Return Ranking - Calendar

Period BIZD Return Category Return Low Category Return High Rank in Category (%)
2023 27.1% -8.5% 32.0% 3.37%
2022 -8.6% -56.2% 11.4% 16.85%
2021 36.2% 18.8% 56.8% 28.09%
2020 -6.8% -41.2% 61.3% 73.03%
2019 30.9% 15.1% 101.7% 32.58%

BIZD - Holdings

Concentration Analysis

BIZD Category Low Category High BIZD % Rank
Net Assets 1.14 B 1.21 M 37.7 B 14.44%
Number of Holdings 27 24 407 88.76%
Net Assets in Top 10 898 M 657 K 21.2 B 6.74%
Weighting of Top 10 76.32% 12.9% 76.5% 2.25%

Top 10 Holdings

  1. Ares Capital Corp 21.11%
  2. Blue Owl Capital Corp 9.46%
  3. FS KKR Capital Corp 9.30%
  4. Blackstone Secured Lending Fund 8.32%
  5. State Street Navigator Securities Lending Government Money Market Portfolio 6.59%
  6. Hercules Capital Inc 5.08%
  7. Main Street Capital Corp 4.89%
  8. Golub Capital BDC Inc 4.50%
  9. Sixth Street Specialty Lending Inc 3.78%
  10. Prospect Capital Corp 3.28%

Asset Allocation

Weighting Return Low Return High BIZD % Rank
Stocks 		100.40% 92.97% 100.72% 4.49%
Cash 		6.59% 0.00% 24.47% 6.74%
Preferred Stocks 		0.00% 0.00% 3.05% 48.31%
Other 		0.00% -0.55% 3.97% 58.43%
Convertible Bonds 		0.00% 0.00% 0.00% 40.45%
Bonds 		0.00% 0.00% 2.80% 48.31%

Stock Sector Breakdown

Weighting Return Low Return High BIZD % Rank
Financial Services 		100.00% 46.33% 100.00% 11.24%
Utilities 		0.00% 0.00% 0.00% 40.45%
Technology 		0.00% 0.00% 43.13% 62.92%
Real Estate 		0.00% 0.00% 40.95% 67.42%
Industrials 		0.00% 0.00% 5.08% 56.18%
Healthcare 		0.00% 0.00% 0.20% 43.82%
Energy 		0.00% 0.00% 0.00% 40.45%
Communication Services 		0.00% 0.00% 4.06% 44.94%
Consumer Defense 		0.00% 0.00% 4.21% 41.57%
Consumer Cyclical 		0.00% 0.00% 42.54% 52.81%
Basic Materials 		0.00% 0.00% 0.00% 40.45%

Stock Geographic Breakdown

Weighting Return Low Return High BIZD % Rank
US 		100.40% 0.00% 100.72% 4.49%
Non US 		0.00% 0.00% 99.42% 65.17%

BIZD - Expenses

Operational Fees

BIZD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 13.33% 0.08% 13.33% 1.12%
Management Fee 0.40% 0.03% 1.25% 18.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

BIZD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BIZD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BIZD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 3.00% 406.00% 39.74%

BIZD - Distributions

Dividend Yield Analysis

BIZD Category Low Category High BIZD % Rank
Dividend Yield 11.65% 0.00% 11.71% 2.22%

Dividend Distribution Analysis

BIZD Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

BIZD Category Low Category High BIZD % Rank
Net Income Ratio 10.57% -0.76% 10.57% 1.12%

Capital Gain Distribution Analysis

BIZD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

BIZD - Fund Manager Analysis

Managers

Peter Liao

Start Date

Tenure

Tenure Rank

Feb 11, 2013

9.3

9.3%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin

Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.42 9.61 4.58

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