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BDC Income ETF BIZD

  • Full Name: Market Vectors®
    BDC Income ETF (BIZD)

    Management Style: Replication

    Underlying Index: Market Vectors® US Business Development Companies Index (MVBIZDTG)

    Index Description: MVBIZDTG is a rules based index intended to track the overall performance of publicly traded business development companies.

  •  
     

    • Fund Ticker

      BIZD
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVBIZDTG
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $33.0M
    • Shares Outstanding

      1,650,000
    • Number of Holdings

      28
    • Commencement Date

      02/11/2013
  •  
    as of 04/16/14

  • 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 
  • Yields
    as of 04/16/14

    • 30-Day SEC Yield1

      8.19%
    • Distribution Yield1

      6.81%
    • 12-Month Yield1

      6.38%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      1.01%
    • Acquired Fund Fees and Expenses

      7.93%
    • Gross Expense Ratio

      9.34%
    • Fee Waivers and
      Expense Reimbursement

      (1.01)%
    • Net Expense Ratio

      8.33%
    2Expenses for BIZD are capped contractually at 0.40% until 09/01/14. Cap excludes certain expenses, such as interest and acquired fund fees and expenses. See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      BIZD
    • Index Total Return Ticker

      MVBIZDTG
    • NAV

      BIZDNV
    • Intraday NAV (IIV)5

      BIZDIV
    • Shares Outstanding

      1,650,000
    • Estimated Cash

      BIZDEU
    • Total Cash

      BIZDTC
    • CUSIP

      57060U316
    • ISIN

      US57060U3169
    5See IIV Details. Source: Bloomberg
  • Prices as of 04/16/14

    TickerNAV/
    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 $19.98
    $20.00
    18,224
    23,292
    $0.13 / +0.7%
    $0.12 / +0.6%
    - 4.4%
    - 4.7%

    $0.02
    0.12%
  • View All Indices » View All ETFs » 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) -2.41 0.54 0.54 6.82 -- -- -- 8.25
    BIZD (Share Price) -2.07 0.68 0.68 7.48 -- -- -- 8.75
    MVBIZD (Index) -2.38 -1.05 -1.05 7.20 -- -- -- 8.69
    Performance Differential (NAV - Index) -0.03 1.59 1.59 -0.38 -- -- -- -0.44
    After Tax Held -- -- -- 4.25 -- -- -- 5.95
    After Tax Sold -- -- -- 3.80 -- -- -- 5.21
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/11/13
    BIZD (NAV) -2.41 0.54 0.54 6.82 -- -- -- 8.25
    BIZD (Share Price) -2.07 0.68 0.68 7.48 -- -- -- 8.75
    MVBIZD (Index) -2.38 -1.05 -1.05 7.20 -- -- -- 8.69
    Performance Differential (NAV - Index) -0.03 1.59 1.59 -0.38 -- -- -- -0.44
    After Tax Held -- -- -- 4.25 -- -- -- 5.95
    After Tax Sold -- -- -- 3.80 -- -- -- 5.21
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 28
    Holding Name
    Ticker
    Shares Market Value
    (US$)
    % of Net
    Assets
    Ares Capital Corp
    ARCC US
    291,461
    5,135,543 15.54
    American Capital Ltd
    ACAS US
    229,189
    3,618,894 10.95
    Prospect Capital Corp
    PSEC US
    288,389
    3,146,431 9.52
    Fifth Street Finance Corp
    FSC US
    177,017
    1,674,581 5.07
    Apollo Investment Corp
    AINV US
    195,236
    1,663,472 5.03
    Main Street Capital Corp
    MAIN US
    48,105
    1,589,107 4.81
    Triangle Capital Corp
    TCAP US
    54,510
    1,411,264 4.27
    Pennantpark Investment Corp
    PNNT US
    123,660
    1,400,139 4.24
    Solar Capital Ltd
    SLRC US
    62,759
    1,392,968 4.21
    Hercules Technology Growth Capital Inc
    HTGC US
    98,643
    1,387,907 4.20
    Top 10 Total (%) 67.84
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      100.2
    • Other

      -0.2
    • Total

      100.0
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      100.19
    • Other

      -0.19
    • Total

      100.00
  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      100.2
    • Other

      -0.2
    • Total

      100.0