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BIZD
VanEck BDC Income ETF

BIZD
VanEck BDC Income ETF

  • NAV
    $13.15

    as of February 20, 2026
  • YTD RETURNS
    -7.14%

    as of February 20, 2026
  • Total Net Assets
    $1.48B

    as of February 20, 2026
  • Total Expense Ratio
    12.86%

    Learn More about AFFEs
  • Inception Date
    02/11/2013
  • 30-Day SEC Yield
    9.29%

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  02/20/2026

Distribution Frequency

Quarterly

30-Day SEC Yield

9.29%

Distribution Yield

12.22%

12 Month Yield

12.71%

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 9.29% on 02/20/26. 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) -1.09 0.40 -1.09 -10.43 8.49 10.99 10.00 6.96
BIZD (Share Price) -1.27 0.46 -1.27 -10.68 8.49 10.97 10.00 6.95
MVBDCTRG (Index) -1.02 0.55 -1.02 -10.26 8.55 11.20 9.99 7.01
Performance Differential (NAV - Index) -0.07 -0.15 -0.07 -0.17 -0.06 -0.21 0.01 -0.05
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/11/13
BIZD (NAV) -0.21 0.38 -4.62 -4.62 11.80 12.25 9.73 7.10
BIZD (Share Price) -0.40 0.33 -4.74 -4.74 11.87 12.23 9.71 7.10
MVBDCTRG (Index) -0.17 0.50 -4.45 -4.45 11.83 11.93 9.44 7.14
Performance Differential (NAV - Index) -0.04 -0.12 -0.17 -0.17 -0.03 0.32 0.29 -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 02/20/2026

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 $13.15
$13.16 		2,602,777
4,256,755 		$-0.03 / -0.26%
$-0.04 / -0.30% 		-7.14%
-7.19% 		$0.01
0.11% 		0.07%

Fees

Holdings

Daily Holdings (%) as of 02/20/2026

Download XLS Get holdings
Total Holdings: 33
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
 -- -- 11,651,949 Stock 223,134,823 -- 15.07
OBDC US
Blue Owl Capital Corp
BBG00DB0XYC4
 -- -- 11,201,792 Stock 128,484,554 -- 8.68
BXSL US
Blackstone Secured Lending Fund
BBG00MS80PM3
 -- -- 4,510,677 Stock 106,948,152 -- 7.22
MAIN US
Main Street Capital Corp
BBG000BXT422
 -- -- 795,951 Stock 46,117,401 -- 3.11
GBDC US
Golub Capital BDC Inc
BBG000PXNF64
 -- -- 3,486,233 Stock 42,357,731 -- 2.86
FSK US
Fs Kkr Capital Corp
BBG001YCZP63
 -- -- 3,180,773 Stock 41,254,626 -- 2.79
HTGC US
Hercules Capital Inc
BBG000C2R8K2
 -- -- 2,629,773 Stock 40,577,397 -- 2.74
TSLX US
Sixth Street Specialty Lending Inc
BBG001DFW799
 -- -- 1,785,580 Stock 32,479,700 -- 2.19
CSWC US
Capital Southwest Corp
BBG000BGJ661
 -- -- 1,085,910 Stock 24,715,312 -- 1.67
TRIN US
Trinity Capital Inc
BBG00T6WFZ96
 -- -- 1,430,131 Stock 21,409,061 -- 1.45
MSDL US
Morgan Stanley Direct Lending Fund
BBG00R40RNG8
 -- -- 1,361,536 Stock 21,239,962 -- 1.43
PSEC US
Prospect Capital Corp
BBG000Q3RGN4
 -- -- 7,207,741 Stock 20,325,830 -- 1.37
MFIC US
Midcap Financial Investment Corp
BBG000CBNX94
 -- -- 1,763,087 Stock 19,640,789 -- 1.33
OCSL US
Oaktree Specialty Lending Corp
BBG000TKZRB3
 -- -- 1,664,485 Stock 19,241,447 -- 1.30
GSBD US
Goldman Sachs BDC Inc
BBG004DDDKH1
 -- -- 2,026,930 Stock 18,404,524 -- 1.24
BBDC US
Barings BDC Inc
BBG000F54FK1
 -- -- 1,728,784 Stock 15,870,237 -- 1.07
PFLT US
Pennantpark Floating Rate Capital Ltd
BBG001LV74X3
 -- -- 1,874,845 Stock 15,823,692 -- 1.07
CGBD US
Tcg BDC Inc
BBG00GQVWWP4
 -- -- 1,281,161 Stock 14,784,598 -- 1.00
NMFC US
New Mountain Finance Corp
BBG000BG22J4
 -- -- 1,754,331 Stock 14,297,798 -- 0.97
FDUS US
Fidus Investment Corp
BBG001K9JH07
 -- -- 688,343 Stock 12,693,045 -- 0.86
BCSF US
Bain Capital Specialty Finance Inc
BBG00JDV0M15
 -- -- 919,328 Stock 12,410,928 -- 0.84
SLRC US
Slr Investment Corp
BBG000V86JM5
 -- -- 804,084 Stock 11,948,688 -- 0.81
NCDL US
Nuveen Churchill Direct Lending Corp
BBG00S1L7066
 -- -- 802,578 Stock 11,099,654 -- 0.75
KBDC US
Kayne Anderson BDC Inc
BBG00Z6ZX0D7
 -- -- 788,378 Stock 10,855,965 -- 0.73
GAIN US
Gladstone Investment Corp
BBG000C32KN7
 -- -- 749,169 Stock 10,353,516 -- 0.70
CION US
Cion Investment Corp
BBG009KJ66B4
 -- -- 976,386 Stock 8,338,336 -- 0.56
GLAD US
Gladstone Capital Corp
BBG000DJYTQ4
 -- -- 426,924 Stock 7,851,132 -- 0.53
TCPC US
Blackrock Tcp Capital Corp
BBG001P0TNW2
 -- -- 1,603,176 Stock 7,390,641 -- 0.50
912797TN7
United States Treasury Bill
BBG01ZDC8DQ5
 07/16/2026 -- 287,427,000 Bond 283,383,871 -- 19.14
912797QD2
United States Treasury Bill
BBG01T8LCHN4
 04/16/2026 -- 272,221,000 Bond 270,799,552 -- 18.29
--
Mvbdc Tr (Gross) Swap
--
-- -- 198,461 Swap -- 516,666,421 --
--
Mvbdc Tr (Gross) Swap
--
-- -- 3,350 Swap -- 8,721,273 --
-USD CASH-
--
-- -- 14,246,007 Cash Bal 14,246,007 -- 0.96
--
Other/Cash
--
-- -- 0 Cash -47,944,506 -- -3.24
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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 01/31/2026

  • Weighted Average Market Cap
    5.90
  • Price/Earnings Ratio (Last 12 Months)
    9.98
  • Price/Book Ratio (Last 12 Months)
    0.91

3-YR Risk Measures as of 01/31/2026

  • Beta vs. S&P 500 Index
    0.42
  • Correlation vs. S&P 500 Index
    0.42
  • Volatility (Standard Deviation)
    11.46
  • Sharpe Ratio
    0.34

Index Country Weightings (%) as of 01/31/2026

  • Country

    % of Net Assets
  • ■

    United States

    98.9

Index Sector Weightings (%) as of 01/31/2026

  • Sector

    % of Net Assets
  • ■

    Financials

    96.8
  • ■

    Others

    2.1

Distributions

Team

Literature

BIZD