BIZD
VanEck BDC Income ETF
BIZD
VanEck BDC Income ETF
-
NAV
$14.94
as of June 02, 2023 -
YTD RETURNS
8.75%
as of June 02, 2023 -
Total Net Assets
$601.31M
as of June 02, 2023 -
Net Expense Ratio
10.92% -
Inception Date
02/11/2013
BIZD Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
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 (MVBIZDTG), which tracks the overall performance of publicly traded business development companies.
Overview
Fund Highlights
- 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