# VanEck BDC Income ETF (BIZD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bizd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: VanEck · Asset class: Multi-Asset - Strategy: Thematic · Inception: 2013-02-11 The VanEck BDC Income ETF (BIZD) is designed to closely mirror the investment results of the MVISUS Business Development Companies Index (MVBDCTRG). Its primary objective is to replicate, prior to fees and expenses, the overall performance – encompassing both capital appreciation and income – of this benchmark index. The MVISUS Business Development Companies Index itself measures the collective returns of publicly traded business development companies (BDCs). ## Key Facts | Metric | Value | |---|---| | Price | $11.92 | | Expense Ratio | 9.69% | | Assets Under Management | $1.42B | | NAV | $12.03 | | Holdings Count | 35 | | Distribution Yield (TTM) | 13.09% | | Annual Distribution (TTM) | $1.56 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $11.73 – $15.12 | | Beta | 0.37 | ## Latest Distribution - Amount: $0.4371 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does BIZD invest in? The VanEck BDC Income ETF (BIZD) is designed to closely mirror the investment results of the MVISUS Business Development Companies Index (MVBDCTRG). Its primary objective is to replicate, prior to fees and expenses, the overall performance – encompassing both capital appreciation and income – of this benchmark index. The MVISUS Business Development Companies Index itself measures the collective returns of publicly traded business development companies (BDCs). ### What is the expense ratio of BIZD? VanEck BDC Income ETF (BIZD) charges an expense ratio of 9.69%. This is the annual fee deducted from fund assets to cover management and operations. ### What is BIZD's dividend yield? BIZD's trailing-twelve-month yield is 13.09%, calculated from the sum of dividends over the past year divided by the current price. ### How big is BIZD? VanEck BDC Income ETF (BIZD) manages $1.42B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BIZD actively managed or an index fund? BIZD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was BIZD launched? VanEck BDC Income ETF (BIZD) launched in February 2013 and is managed by VanEck. ### Does BIZD pay a dividend? Yes, VanEck BDC Income ETF (BIZD) distributes dividends to shareholders. The trailing-twelve-month yield is 13.09%. Full dividend history is on this page. ### How often does BIZD pay dividends? VanEck BDC Income ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BIZD's next ex-dividend date? The most recently announced ex-dividend date for BIZD was 2026-10-01. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will BIZD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 9.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BIZD charge its expense ratio? The expense ratio is deducted in tiny daily slices from BIZD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BIZD cost more than a fund like VOO? BIZD's strategy (current expense ratio 9.69%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BIZD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BIZD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BIZD (9.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bizd - Distribution history: https://www.dividenddata.com/funds/bizd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bizd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bizd/expenses - Peer comparison: https://www.dividenddata.com/funds/bizd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.