VanEck BDC Income ETF
BIZD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Feb 12, 2013
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck BDC Income ETF (BIZD) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MVIS US Business Development Companies Index. The fund provides investors with targeted exposure to U.S. business development companies (BDCs), which are publicly traded companies that primarily invest in and lend to small- and mid-sized private U.S. companies; it tracks an index comprising BDCs with market capitalizations over $150 million that meet specific liquidity and operational criteria. BIZD's portfolio emphasizes income generation through holdings in senior secured loans, mezzanine debt, equity investments, and other financing provided by BDCs to lower middle-market firms across diverse sectors including business services, healthcare, and manufacturing. The ETF offers investors monthly distributions derived from the high dividend yields typical of BDCs, which are required by regulation to distribute at least 90% of their taxable income; its holdings include prominent BDCs such as Ares Capital Corporation, Blue Owl Capital Corporation, and Main Street Capital Corporation, spanning services like debt and equity financing, portfolio management, and advisory for non-investment grade borrowers. Geographically, BIZD focuses exclusively on U.S.-based BDCs operating domestically, with headquarters for the fund sponsor, VanEck, located in New York City; VanEck launched BIZD in February 2013 as part of its suite of income-focused ETFs targeting alternative asset classes. Recent developments include portfolio adjustments amid rising interest rates, with BIZD benefiting from BDCs' floating-rate loan exposures that enhanced yields in 2023-2025; in 2024, the fund underwent a reweighting following index reconstitutions that incorporated stronger-performing BDCs post-regulatory changes easing leverage limits, alongside VanEck's strategic expansion into private credit-themed products complementing BIZD. No major acquisitions or name changes have occurred, but the ETF saw increased assets under management exceeding $1 billion by late 2025 due to investor demand for high-yield alternatives in a volatile equity market. BIZD operates without subsidiaries as a standalone ETF under VanEck's management, targeting income-oriented institutional and retail investors seeking BDC sector purity.