BIZD ETF — VanEck BDC Income ETF
VanEck BDC Income ETF (BIZD)
BIZD is an ETF linked to Basket (Business Development Companies and Treasury Bills). As of September 4, 2026, its distribution rate is 7.17%, its trailing-12-month yield is 11.43%, its expense ratio is 9.69%. Dividend Vision Distribution Safety Score™ is 80/100 (Safe). Total return is 139.7% over the past 13.6 years, 398.3 points behind SPY at 538.0%.
At the current 7.17% distribution rate, a $10,000 investment would generate approximately $717 per year, or $59.75 per month on an equivalent basis. Actual quarterly payments vary.
BIZD dividend yield and income
Data as of September 4, 2026.
The distribution rate (7.17%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (11.43%) is the last year of payments divided by the current price. The last dividend was $0.239. The last ex-dividend date was 07/01/2026. It was paid on 07/07/2026. At 7.17%, $10,000 would generate about $717 a year ($59.75 monthly-equivalent).
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-07-01 | $0.239 | -50.4% |
| 2026-04-01 | $0.482 | 19.9% |
| 2025-12-29 | $0.402 | 0.2% |
| 2025-10-01 | $0.401 | -8.7% |
| 2025-07-01 | $0.439 | 2.1% |
| 2025-04-01 | $0.43 | -3.4% |
| 2024-12-27 | $0.445 | -3.9% |
| 2024-10-01 | $0.463 | 2.2% |
| 2024-07-01 | $0.453 | -1.1% |
| 2024-04-01 | $0.458 | -2.1% |
| 2023-12-27 | $0.468 | 7.1% |
| 2023-10-02 | $0.437 | 4.3% |
| 2023-07-03 | $0.419 | -3.7% |
| 2023-04-03 | $0.435 | 2.8% |
| 2022-12-28 | $0.423 | 3.2% |
| 2022-10-03 | $0.41 | 0.7% |
| 2022-07-01 | $0.407 | 17.3% |
| 2022-04-01 | $0.347 | -3.9% |
| 2021-12-29 | $0.361 | 2.8% |
| 2021-10-01 | $0.351 | 10.4% |
| 2021-07-01 | $0.318 | -14.3% |
| 2021-04-01 | $0.371 | 14.2% |
| 2020-12-29 | $0.325 | -9.7% |
| 2020-10-01 | $0.36 | -6.5% |
| 2020-07-01 | $0.385 | 8.1% |
| 2020-04-01 | $0.356 | -2.7% |
| 2019-12-30 | $0.366 | -0.3% |
| 2019-10-01 | $0.367 | -4.9% |
| 2019-07-01 | $0.386 | -5.9% |
| 2019-04-01 | $0.41 | 0.7% |
| 2018-12-27 | $0.407 | 4.9% |
| 2018-10-01 | $0.388 | 10.9% |
| 2018-07-02 | $0.35 | -8.6% |
| 2018-04-02 | $0.383 | -9.9% |
| 2017-12-27 | $0.425 | 13.6% |
| 2017-10-02 | $0.374 | 1.1% |
| 2017-07-03 | $0.37 | 6.6% |
| 2017-04-03 | $0.347 | -4.9% |
| 2016-12-28 | $0.365 | 3.7% |
| 2016-10-03 | $0.352 | -13.3% |
| 2016-07-01 | $0.406 | -1.0% |
| 2016-04-01 | $0.41 | 3.0% |
| 2015-12-29 | $0.398 | 20.6% |
| 2015-10-01 | $0.33 | -13.2% |
| 2015-07-01 | $0.38 | 15.2% |
| 2015-04-01 | $0.33 | -23.4% |
| 2014-12-29 | $0.431 | 3.9% |
| 2014-10-01 | $0.415 | 22.1% |
| 2014-07-01 | $0.34 | 0.0% |
| 2014-04-01 | $0.34 | -4.5% |
| 2013-12-27 | $0.356 | 7.9% |
| 2013-10-01 | $0.33 | 32.0% |
| 2013-07-01 | $0.25 | 20.8% |
| 2013-04-01 | $0.207 | — |
| 2013 total | $1.143 | — |
| 2014 total | $1.526 | 33.5% |
| 2015 total | $1.438 | -5.8% |
| 2016 total | $1.533 | 6.6% |
| 2017 total | $1.516 | -1.1% |
| 2018 total | $1.528 | 0.8% |
| 2019 total | $1.529 | 0.1% |
| 2020 total | $1.426 | -6.7% |
| 2021 total | $1.401 | -1.8% |
| 2022 total | $1.587 | 13.3% |
| 2023 total | $1.759 | 10.8% |
| 2024 total | $1.819 | 3.4% |
| 2025 total | $1.672 | -8.1% |
| 2026 YTD total | $0.721 | -17.0% vs prior-year YTD |
BIZD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -14.2%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -14.2% |
| 3Y | -9.7% |
| 5Y | 10.9% |
| 10Y | -1.3% |
BIZD holdings and sector exposure
Holdings are not available for this snapshot.
BIZD performance versus SPY
Data as of September 4, 2026.
Total return is 139.7% over the past 13.6 years, 398.3 points behind SPY at 538.0%. Its deepest 1-year drawdown was 18.5%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (13.6 years) | 139.7% | 6.70% |
| 3Y CAGR | — | 5.60% |
| 5Y CAGR | — | 5.70% |
| 10Y CAGR | — | 7.40% |
BIZD key facts
Data as of September 4, 2026.
- Distribution Safety Score™
- 80 · Safe
- Safety-Adjusted Yield
- 5.74%
- Issuer
- VanEck
- Asset type
- ETF
- Asset subtype
- BDC_EQUITY_ETF
- Asset class
- Equity
- Inception date
- 02/11/2013
- Expense ratio
- 9.69%
- Distribution rate
- 7.17%
- Distribution frequency
- Quarterly
- Trailing yield
- 11.43%
- Last close
- $13.33
- NAV
- $13.34
- Premium / discount
- 0.07% discount
- AUM
- $1,701,122,624
- Average volume
- 2485852.0
- Last dividend
- $0.239
- Last ex-dividend date
- 07/01/2026
- Last payment date
- 07/07/2026
- Beta
- 0.35
- P/E ratio
- 11.8718
How Dividend Vision calculates yield and returns
Distribution rate (7.17%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (11.43%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 4, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of September 4, 2026.
Primary sources: VanEck or company page; Index: Basket (Business Development Companies and Treasury Bills); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
BIZD risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 18.5%.
Who may consider BIZD — and who may not
BIZD may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (BIZD pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Compare BIZD
BIZD vs similar funds:
Frequently asked questions
Does BIZD pay monthly?
No. BIZD currently pays quarterly, not monthly.
What is BIZD linked to?
BIZD is linked to Basket (Business Development Companies and Treasury Bills), not a broad market index.
What is BIZD's expense ratio?
BIZD's expense ratio is 9.69%.
What is BIZD's dividend yield?
BIZD currently yields 7.17%, paid quarterly, with a 9.69% expense ratio.
How has BIZD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -14.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does BIZD pay a dividend?
BIZD pays quarterly. The last dividend was $0.239. The last ex-dividend date was 07/01/2026. It was paid on 07/07/2026.
How has BIZD performed?
Total return is 139.7% over the past 13.6 years, 398.3 points behind SPY at 538.0%. Its deepest 1-year drawdown was 18.5%.
Is BIZD a good investment?
BIZD's Dividend Vision Distribution Safety Score is 80 (Safe). That is a risk signal, not investment advice. It currently yields 7.17%. Compare peers below rather than treating any single figure as a buy or sell.
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