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BIZD
VanEck BDC Income ETF

BIZD
VanEck BDC Income ETF

  • NAV
    $14.02

    as of November 06, 2025
  • YTD RETURNS
    -8.15%

    as of November 06, 2025
  • Total Net Assets
    $1.51B

    as of November 06, 2025
  • Total Expense Ratio
    12.86%

    Learn More about AFFEs
  • Inception Date
    02/11/2013
  • 30-Day SEC Yield
    9.03%

About BIZD

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 (MVBDCTRG), which tracks the overall performance of publicly traded business development companies.

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Overview

Why BIZD

  • Private credit exposure: BDCs lend to small and midsize private companies
  • High Income Potential†
  • A diversified approach to mitigate risks of individual BDCs
  • No K-1s, investor-friendly tax reporting

Yields  as of  11/06/2025

Distribution Frequency

Quarterly

30-Day SEC Yield

9.03%

Distribution Yield

11.45%

12 Month Yield

12.23%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck BDC Income ETF would have been 9.03% on 11/06/25. Distributions may vary from time to time.

Performance

Performance History:

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) -1.11 -8.70 -6.03 -1.43 10.89 16.34 9.34 7.07
BIZD (Share Price) -1.40 -8.95 -6.38 -1.63 10.88 16.41 9.33 7.05
MVBDCTRG (Index) -1.08 -8.53 -5.95 -1.32 10.89 16.54 9.31 7.11
Performance Differential (NAV - Index) -0.03 -0.17 -0.08 -0.11 -- -0.20 0.03 -0.04
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) -7.40 -5.91 -4.98 0.64 15.54 15.58 9.92 7.21
BIZD (Share Price) -7.20 -5.74 -5.06 0.69 15.57 15.61 9.94 7.22
MVBDCTRG (Index) -7.31 -5.73 -4.92 0.73 15.55 15.76 9.89 7.25
Performance Differential (NAV - Index) -0.09 -0.18 -0.06 -0.09 -0.01 -0.18 0.03 -0.04

*Returns less than one year are not annualized.

Index data prior to June 19, 2023 reflects that of the MVIS® US Business Development Companies Index (MVBIZDTG). From June 19, 2023 forward, the index data reflects that of the Fund's underlying index, the MVIS® US Business Development Companies Index (MVBDCTRG). Index history which includes periods prior to June 19, 2023 links the performance of MVBIZDTG and MVBDCTRG and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

Prices as of 11/06/2025

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
BIZD $14.02
$14.01 		3,425,153
2,275,193 		$-0.22 / -1.55%
$-0.23 / -1.62% 		-8.15%
-8.47% 		$-0.01
-0.06% 		0.07%

Fees

Holdings

Daily Holdings (%) as of 11/06/2025

Download XLS Get holdings
Total Holdings: 32
Ticker
Holding Name
Identifier (FIGI)
 Maturity Coupon Contracts/Shares Asset Class Market Value
(US$) 		Notional Value (US$) % of Net
Assets
ARCC US
Ares Capital Corp
BBG000PD6X77
 -- -- 12,071,372 Stock 241,427,440 -- 16.02
OBDC US
Blue Owl Capital Corp
BBG00DB0XYC4
 -- -- 11,840,555 Stock 143,270,716 -- 9.51
MAIN US
Main Street Capital Corp
BBG000BXT422
 -- -- 2,072,010 Stock 117,887,009 -- 7.82
GBDC US
Golub Capital BDC Inc
BBG000PXNF64
 -- -- 3,744,650 Stock 51,563,831 -- 3.42
HTGC US
Hercules Capital Inc
BBG000C2R8K2
 -- -- 2,853,507 Stock 50,735,354 -- 3.37
BXSL US
Blackstone Secured Lending Fund
BBG00MS80PM3
 -- -- 1,917,215 Stock 49,770,901 -- 3.30
FSK US
Fs Kkr Capital Corp
BBG001YCZP63
 -- -- 3,100,522 Stock 47,158,940 -- 3.13
TSLX US
Sixth Street Specialty Lending Inc
BBG001DFW799
 -- -- 1,990,358 Stock 42,135,879 -- 2.80
MSDL US
Morgan Stanley Direct Lending Fund
BBG00R40RNG8
 -- -- 1,503,863 Stock 24,994,203 -- 1.66
CSWC US
Capital Southwest Corp
BBG000BGJ661
 -- -- 1,174,911 Stock 23,932,937 -- 1.59
MFIC US
Midcap Financial Investment Corp
BBG000CBNX94
 -- -- 1,970,598 Stock 23,883,648 -- 1.58
OCSL US
Oaktree Specialty Lending Corp
BBG000TKZRB3
 -- -- 1,692,953 Stock 22,854,866 -- 1.52
GSBD US
Goldman Sachs BDC Inc
BBG004DDDKH1
 -- -- 2,265,455 Stock 22,065,532 -- 1.46
TRIN US
Trinity Capital Inc
BBG00T6WFZ96
 -- -- 1,485,030 Stock 21,399,282 -- 1.42
PSEC US
Prospect Capital Corp
BBG000Q3RGN4
 -- -- 7,909,448 Stock 20,169,092 -- 1.34
NMFC US
New Mountain Finance Corp
BBG000BG22J4
 -- -- 2,021,710 Stock 19,347,765 -- 1.28
PFLT US
Pennantpark Floating Rate Capital Ltd
BBG001LV74X3
 -- -- 2,095,502 Stock 19,110,978 -- 1.27
BBDC US
Barings BDC Inc
BBG000F54FK1
 -- -- 1,932,225 Stock 17,390,025 -- 1.15
CGBD US
Tcg BDC Inc
BBG00GQVWWP4
 -- -- 1,431,916 Stock 17,082,758 -- 1.13
FDUS US
Fidus Investment Corp
BBG001K9JH07
 -- -- 747,227 Stock 15,452,654 -- 1.03
SLRC US
Slr Investment Corp
BBG000V86JM5
 -- -- 898,676 Stock 13,614,941 -- 0.90
BCSF US
Bain Capital Specialty Finance Inc
BBG00JDV0M15
 -- -- 863,118 Stock 11,867,873 -- 0.79
GAIN US
Gladstone Investment Corp
BBG000C32KN7
 -- -- 807,153 Stock 11,219,427 -- 0.74
CION US
Cion Investment Corp
BBG009KJ66B4
 -- -- 1,100,042 Stock 10,736,410 -- 0.71
TCPC US
Blackrock Tcp Capital Corp
BBG001P0TNW2
 -- -- 1,795,968 Stock 10,380,695 -- 0.69
NCDL US
Nuveen Churchill Direct Lending Corp
BBG00S1L7066
 -- -- 698,870 Stock 9,875,033 -- 0.66
GLAD US
Gladstone Capital Corp
BBG000DJYTQ4
 -- -- 471,554 Stock 9,020,828 -- 0.60
912797RJ8
United States Treasury Bill
BBG01VXS1ZJ3
 01/15/2026 -- 252,644,000 Bond 250,832,116 -- 16.64
912797QD2
United States Treasury Bill
BBG01T8LCHN4
 04/16/2026 -- 192,438,000 Bond 189,299,036 -- 12.56
--
Ubs Mvbdc Tr (Gross) Swap
--
-- -- 165,143 Swap -- 444,687,657 --
--
Ubs Mvbdc Tr (Gross) Swap
--
-- -- 3,350 Swap -- 9,020,689 --
-USD CASH-
--
-- -- 5,284,491 Cash Bal 5,284,491 -- 0.35
--
Other/Cash
--
-- -- 0 Cash -6,750,108 -- -0.45
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Portfolio & Index

Index Fundamentals as of 09/30/2025

  • Weighted Average Market Cap
    5.90
  • Price/Earnings Ratio (Last 12 Months)
    9.99
  • Price/Book Ratio (Last 12 Months)
    0.97

3-YR Risk Measures as of 10/31/2025

  • Beta vs. S&P 500 Index
    0.53
  • Correlation vs. S&P 500 Index
    0.70
  • Volatility (Standard Deviation)
    12.92
  • Sharpe Ratio
    0.48

Index Country Weightings (%) as of 09/30/2025

  • Country

    % of Net Assets
  • ■

    United States

    100.0

Index Sector Weightings (%) as of 09/30/2025

  • Sector

    % of Net Assets
  • ■

    Financials

    97.8
  • ■

    Others

    2.2

Distributions

Team

Literature

BIZD