ETF Evaluator:
VanEck BDC Income ETF (BIZD)
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(as of Jul 31)
Best Performing in Financial Over the Last Year
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ETF Details
VanEck BDC Income ETF Overview
VanEck BDC Income ETF (BIZD) is a passively managed Sector Equity Financial exchange-traded fund (ETF). VanEck launched the ETF in 2013.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® U.S. Business Development Companies Index.
The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index and/or in investments or instruments that have investment exposure to securities that comprise its benchmark index. The BDC index is comprised of BDCs.
About VanEck BDC Income ETF (BIZD)
There are 2 members of the management team with an average tenure of 8.11 years: Peter Liao (2013) and Griffin Driscoll (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MVIS US Business Dvlpmnt Company GR USD index with a weighting of 100%. VanEck BDC Income ETF has 39 securities in its portfolio. The top 10 holdings constitute 140.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck BDC Income ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VanEck BDC Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 17.0% (17.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck BDC Income ETF has 17.8% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $2 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BIZD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck BDC Income ETF expense ratio is high compared to funds in the Financial category. VanEck BDC Income ETF has an expense ratio of 9.69%, which is 539% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck BDC Income ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 29% for the Financial category.
Recently, in the month of June 2026, VanEck BDC Income ETF returned 0.5%, which earned it a grade of D, as the Financial category had an average return of 2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck BDC Income ETF has a trailing yield of 13.59%, which is above the 4.29% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck BDC Income ETF Grades
Year to date, the ETF has returned -6.9%, 7.2 percentage points worse than the category, which translates into a grade of F. The fund has returned -12.0% over the past year (grade of F), 5.2% over the past three years (grade of F) and 4.8% per year over the past five years (grade of D) and 7.8% per year over the past 10 years (grade of D).
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BIZD Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BIZD Return (NAV) | 0.5% | 3.0% | -12.0% | 5.2% | 4.8% | 7.8% |
| BIZD Return (Price) | 0.2% | 2.8% | -12.2% | 5.1% | 4.8% | 7.8% |
| NAV +/- Price Return | 0.238% | 0.159% | 0.146% | 0.086% | 0.062% | 0.005% |
| Financial Avg | 2.7% | 8.5% | 5.6% | 16.7% | 7.6% | 10.8% |
| BIZD Grade (NAV) | D | D | F | F | D | D |
| +/- Category (NAV) | -2.2% | -5.5% | -17.6% | -11.6% | -2.8% | -3.0% |
| BIZD Tax-Cost Ratio | na | na | 4.8% | 4.5% | 4.3% | 4.1% |
BIZD Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BIZD Return (NAV) | -6.9% | -4.8% | 15.6% | 26.8% | -8.7% | 36.7% | -6.8% | 28.8% | -5.5% | 0.0% | 25.4% |
| BIZD Return (Price) | -7.2% | -5.0% | 15.7% | 27.1% | -8.6% | 36.2% | -6.8% | 30.9% | -6.9% | 0.3% | 24.9% |
| NAV +/- Price Ret | 0.040% | 0.022% | 0.008% | 0.009% | -0.011% | -0.015% | 0.014% | 7.4% | 24.5% | 700.3% | -1.9% |
| Financial Avg | 0.3% | 11.6% | 23.4% | 13.6% | -13.3% | 32.1% | -1.0% | 28.6% | -12.8% | 14.2% | 22.3% |
| BIZD Grade (NAV) | F | F | D | A | A | B | D | C | A | F | B |
| +/- Category | -7.2% | -16.5% | -7.8% | 13.2% | 4.6% | 4.6% | -5.7% | 0.2% | 7.2% | -14.2% | 3.0% |
| Risk Measures | |
| Beta: | 0.37 |
| R-Squared: | 13% |
| Standard Deviation: | 13.1% |
| Category Risk Index: | 0.77 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.08 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 13.6% |
| Total Assets: | $ 1,631 Mil |
| Share Class Assets: | $ 1,631 Mil |
| Turnover: | 28.0% |
| Expense Ratio: | 9.69% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.4 years | |||
| Average Tenure: 8.1 years | |||
| Managers (Year): Liao Peter (2013), Driscoll Griffin (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 140.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 63.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 17.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.8% |
| Cash: | 17.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | February 11, 2013 |
Expenses and Fees
| Expense Ratio (%): | 9.69% (Rating: High) |
| Category Average Expense Ratio (%): | 1.52% |
