BIZD provides exposure to a basket of publicly traded business development companies. Those lenders finance private businesses, so the fund connects shareholder income to private-credit conditions.
Business
BDC funds
Listing
BIZD · NYSE Arca
Reporting period
2026-09-11
Dividend schedule
Quarterly
How the business works
Cash received from portfolio investments, less fund expenses, contributes to distributions. Swaps can also provide index exposure. The fund distribution is distinct from the earnings and dividend of any one BDC.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.56
Jan 1, 2026 to Jun 30, 2026
$0.00$0.56
Distribution yield7.31%Sourced distributions divided by dated market priceReported annual income yield10.08%Reported net investment income $1.4300 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $14.1800. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$1.43Per share for 2025 FY. Excludes investment gains.Trailing 12-month distributions$0.96Recorded recurring payments per share, not a forecast
Dividend payment history
Date or month
Per share
Jul 7, 2026
$0.2391
Apr 7, 2026
$0.4818
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read BIZD income
The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Follow the income received, cash paid and portfolio value together. Look through to concentration, underlying fund costs and credit exposure.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Financial snapshot: 2026-09-11. Research reviewed 2026-09-21. Compare results for the reporting periods shown. Historical results are not a forecast.
The assets it owns
$1,629.978 million net assets at June30,2026Six gross-asset categories
Securities-lending collateral is offset by a matching $304.172 million repayment obligation. Gross assets are not net economic exposure. Swap fair value is included, not derivative notional.
Investment securities82.251342837933%
Securities-lending collateral15.697848859016%
Positive swap fair value0.22789841093216%
Cash1.0539377585604%
Securities sold receivable0.081030145857127%
Dividends and interest receivable0.6879419877013%
Percent of reported gross assets $1,937.668 million at June30,2026.
Income less expenses equals net investment income; bars are not additive. Investment gains and losses are separate. Underlying acquired-fund fees must not be subtracted again from reported fund income.
Cash received from portfolio investments, less fund expenses, contributes to distributions. Swaps can also provide index exposure. The fund distribution is distinct from the earnings and dividend of any one BDC.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
Loan defaults or weaker borrower earnings can reduce cash reaching the fund.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Lower floating rates can reduce portfolio lenders' interest income.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
For VanEck BDC Income ETF, follow Reported fund income per share in the next financial report, the announced cash distribution and financing costs. Key exposures to reassess: borrower stress, interest-rate changes.
Net asset value (NAV)
NAV per share$12.97Sep 29, 2026Market price$12.97Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.00% · At displayed NAVCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
VanEck company NAV and identity-checked Marketstack USD closing market price, both dated 2026-09-29. The premium or discount is calculated from the exact-date NAV and close; it is not company-published. Older audited NAV history remains unchanged.
Screen eligibility is a research boundary, not a quality rating. Monitor earning power and payment changes; do not infer sustainability from yield alone.
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U.S. federal · Tax year 2025
Dividend tax treatment
Final2025 company classification: $1.670800 per share, comprising $0.967220 ordinary dividends and $0.703580 return of capital. Qualified dividends total $0.039535 and are included in ordinary dividends.
Ordinary, nonqualified
55.52%
Qualified dividends
2.37%
Capital-gain distributions
0%
Return of capital
42.11%
Tax year: 2025. Total distributions: $1.67 per share.
Tax details and source
Total ordinary dividends (includes qualified)
57.89%
Section 199A portion (within ordinary dividends)
0.04%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-02-18
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
