Filings Digest
11 Strive funds will move to NYSE Arca on Dec. 15
VanEck BDC Income ETF
$12.56−0.10 (−0.79%)
- 9.69%
- $1.49B
- −0.5%
- 12.42%
- 2.9M sh
- low $11.73high $15.12
The ETF.net BIZD Grade
C
Score 49 out of 100
- 6 of 12
Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 9 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A78 out of 100Rank 2 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 6 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 1 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A87 out of 100Rank 1 of 12
Our read on BIZD
In short
CBusiness development companies lend to private mid-sized firms, and BIZD bundles about 40 of the listed ones into a single ticker. It has been the index-tracking way to own that corner since 2013, with cash paid out quarterly.
Stated mandate
The fund seeks to track the performance of publicly traded business development companies through the MVIS US Business Development Companies Index.
Why people hold it
Worth knowing
BIZD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BIZD$9,950
Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BIZD |
|---|---|
| Year to date | −2.9% |
| 1 month | +2.5% |
| 3 months | +2.2% |
| 1 year | −0.5% |
| 3 years | +4.1% |
| 5 years | +4.4% |
| 10 years | +7.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BIZD |
|---|---|---|
| 2026 YTD | −2.9% | |
| 2025 | −5.0% | |
| 2024 | +15.7% | |
| 2023 | +27.1% | |
| 2022 | −8.6% | |
| 2021 | +36.2% | |
| 2020 | −6.8% |
BIZD in the news
BIZD Dividends
- 12.42%
- $1.56
- $0.44 per share
- Quarterly
BIZD Risk
- 13.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
BIZD Cost
Overpaying vs GPZ, cheapest in Listed Private Markets
$63,620
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
BIZD 9.69%
$71,710
GPZ 0.40% Cheapest
$8,090
Cost over time
Year by year
| Year | BIZD | GPZ | Overpaying |
|---|---|---|---|
| 10 | $12,058 | $723 | $11,335 |
| 20 | $32,901 | $2,793 | $30,108 |
| 30 | $71,710 | $8,090 | $63,620 |
Other funds in Listed Private Markets
- BXOVRERShares Private-Public Crossover ETFExpense ratio 0.83%1 year return −8.6%
- CPSPInvesco Global Listed Private Equity ETFExpense ratio 1.75%1 year return −5.4%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +2.5%
- CPEXProShares Global Listed Private Equity ETFExpense ratio 2.75%1 year return −4.0%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −3.8%
