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BIZD
VanEck 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 02/26/21

  • 30-Day SEC Yield1

    8.89%
  • Total Net Assets

    $337.5M
  • 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 02/26/21

  • 30-Day SEC Yield1

    8.89%
  • Distribution Yield1

    8.41%
  • 12-Month Yield1

    9.22%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.08%
  • Acquired Fund Fees and Expenses

    9.83%
  • Gross Expense Ratio

    10.31%
  • Fee Waivers and
    Expense Reimbursement

    -0.07%
  • Net Expense Ratio/TER2

    10.24%
2Expenses for BIZD are capped contractually at 0.40% until September 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    BIZD
  • Index Total Return Ticker

    MVBIZDTG
  • NAV

    BIZDNV
  • Intraday NAV (IIV)4

    BIZDIV
  • Shares Outstanding

    21,825,000
  • Estimated Cash

    BIZDEU
  • Total Cash

    BIZDTC
  • CUSIP

    92189F411
  • ISIN

    US92189F4110
4See IIV Details. Source: Bloomberg

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 02/26/21

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
BIZD $15.46
$15.49
152,334
254,282
$0.15 / +1.00%
$0.15 / +0.98%
+15.53%
+15.18%
$0.03
0.18%
0.13%

Premium/Discount History as of 02/26/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 179 41 36 30 46
BIZD Days closed at NAV 29 6 4 6 6
Days closed at a discount 44 15 23 28 12

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) 4.68 27.07 4.68 -5.42 5.41 9.02 -- 4.51
BIZD (Share Price) 4.46 27.60 4.46 -5.58 5.43 9.03 -- 4.50
MVBIZDTG (Index) 2.28 27.14 2.28 -6.60 5.10 8.79 -- 4.46
Performance Differential (NAV - Index) 2.40 -0.07 2.40 1.18 0.31 0.23 -- 0.05
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 01/31/21 Daily Holdings

Total Holdings: 26
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
ARES CAPITAL CORP
ARCC US
2,193,098
37,940,595 12.64
OWL ROCK CAPITAL CORP
ORCC US
1,631,849
21,050,852 7.01
HERCULES CAPITAL INC
HTGC US
1,092,803
16,031,420 5.34
PROSPECT CAPITAL CORP
PSEC US
2,479,649
15,621,789 5.20
GOLUB CAPITAL BDC INC
GBDC US
1,068,612
15,184,977 5.06
MAIN STREET CAPITAL CORP
MAIN US
475,689
15,136,424 5.04
FS KKR CAPITAL CORP II
FSKR US
882,010
14,597,266 4.86
GOLDMAN SACHS BDC INC
GSBD US
773,151
13,561,069 4.52
FS KKR CAPITAL CORP
FSK US
797,468
13,397,462 4.46
SIXTH STREET SPECIALTY LENDING INC
TSLX US
647,023
13,238,091 4.41
Top 10 Total (%) 58.54
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 01/31/21

  • Sector

    % of Net Assets
  • Financial

    99.9
  • Other/Cash

    0.1

Currency Exposure (%)
as of 01/31/21

  • U.S. Dollar

    99.91
  • Other/Cash

    0.09

Country Weightings (%) as of 01/31/21

  • Country

    % of Net Assets
  • United States

    99.91
  • Other/Cash

    0.09