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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 01/14/21
-
30-Day SEC Yield1
9.84% -
Total Net Assets
$301.5M -
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 01/14/21
-
30-Day SEC Yield1
9.84% -
Distribution Yield1
9.17% -
12-Month Yield1
10.06%
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
21,275,000 -
Estimated Cash
BIZDEU -
Total Cash
BIZDTC -
CUSIP
92189F411 -
ISIN
US92189F4110
Prices as of 01/14/21
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) | -0.12 | 16.16 | -7.13 | -7.13 | 4.25 | 7.26 | -- | 3.95 |
BIZD (Share Price) | 0.00 | 16.37 | -7.26 | -7.26 | 4.26 | 7.25 | -- | 3.98 |
MVBIZDTG (Index) | 2.33 | 18.91 | -8.13 | -8.13 | 3.88 | 7.00 | -- | 4.21 |
Performance Differential (NAV - Index) | -2.45 | -2.75 | 1.00 | 1.00 | 0.37 | 0.26 | -- | -0.26 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 02/11/13 |
|
---|---|---|---|---|---|---|---|---|
BIZD (NAV) | -0.12 | 16.16 | -7.13 | -7.13 | 4.25 | 7.26 | -- | 3.95 |
BIZD (Share Price) | 0.00 | 16.37 | -7.26 | -7.26 | 4.26 | 7.25 | -- | 3.98 |
MVBIZDTG (Index) | 2.33 | 18.91 | -8.13 | -8.13 | 3.88 | 7.00 | -- | 4.21 |
Performance Differential (NAV - Index) | -2.45 | -2.75 | 1.00 | 1.00 | 0.37 | 0.26 | -- | -0.26 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
ARES CAPITAL CORP |
ARCC US
|
2,129,142
|
35,961,208 | 12.62 | |
OWL ROCK CAPITAL CORP |
ORCC US
|
1,584,256
|
20,056,681 | 7.04 | |
HERCULES CAPITAL INC |
HTGC US
|
1,060,935
|
15,298,683 | 5.37 | |
MAIN STREET CAPITAL CORP |
MAIN US
|
461,814
|
14,898,120 | 5.23 | |
GOLUB CAPITAL BDC INC |
GBDC US
|
1,037,444
|
14,669,458 | 5.15 | |
GOLDMAN SACHS BDC INC |
GSBD US
|
750,601
|
14,351,491 | 5.04 | |
FS KKR CAPITAL CORP II |
FSKR US
|
856,285
|
14,043,074 | 4.93 | |
SIXTH STREET SPECIALTY LENDING INC |
TSLX US
|
628,148
|
13,034,071 | 4.57 | |
PROSPECT CAPITAL CORP |
PSEC US
|
2,407,329
|
13,023,650 | 4.57 | |
FS KKR CAPITAL CORP |
FSK US
|
774,216
|
12,821,017 | 4.50 | |
Top 10 Total (%) | 59.02 |
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Financial
100.1 -
■
Other/Cash
-0.1
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.05 -
Other/Cash
-0.05
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
United States
100.05 -
■
Other/Cash
-0.05