VanEck BDC Income ETF
$12.02−0.08 (−0.66%)
- 9.69%
- $1.4B
- +1.2%
- 12.89%
- 3M sh
- $12.10
- low $11.90high $15.12
The ETF.net BIZD Grade
C
Score 46 out of 100
- 7 of 12
Score 46 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.F19 out of 100Rank 10 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A79 out of 100Rank 2 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 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.A85 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.A83 out of 100Rank 1 of 12
Our read on BIZD
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.
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
- One trade for the BDC shelf: roughly 40 publicly listed business development companies, weighted by the MVIS US Business Development Companies Index instead of your own stock picking.
- Trading since 2013 and now a multi-billion-dollar, actively traded fund, which is the profile that keeps spreads manageable in a narrow niche.
- No mandate drift: US-listed financials, index-tracked, with distributions on a quarterly cadence.
Worth knowing
- Cost is the headline trade-off. The reported 9.69% expense ratio towers over the roughly 1.8% median in its listed private-markets peer group.
- Concentrated by design: about 40 US financial stocks in one lending niche, so the ride tracks that slice, not the broad market.
- Other doors into listed private markets are cheaper and score better here: GPZ at 0.40% and PSP at 1.80% chase the theme in different ways.
BIZD Holdings
- Other
- 33
- 81%
- United States Treasury Bill
Sectors
- Financials100.0%
Geography
- United States100.00%
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$10,118
Returns run to the Oct 12, 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 | −6.4% |
| 1 month | −4.0% |
| 3 months | −0.2% |
| 1 year | +1.2% |
| 3 years | +3.7% |
| 5 years | +4.0% |
| 10 years | +7.0% |
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 | −6.4% | |
| 2025 | −5.0% | |
| 2024 | +15.7% | |
| 2023 | +27.1% | |
| 2022 | −8.6% | |
| 2021 | +36.2% | |
| 2020 | −6.8% |
BIZD in the news
BIZD Dividends
- 12.89%
- $1.56
- $0.44 per share
- Quarterly
Distribution history
BIZD Risk
- 14.1%
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.
- 0.02
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.
BIZD Cost
9.69%
BIZD9.69%
- The middle half of Listed Private Markets funds
- Median 1.35%
9 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- BFBDCFT Confluence BDC & Specialty Finance Income ETFExpense ratio 0.95%1 year return +0.6%
- CPSPInvesco Global Listed Private Equity ETFExpense ratio 1.75%1 year return −11.1%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −1.8%
- DPEXProShares Global Listed Private Equity ETFExpense ratio 2.95%1 year return −8.0%