BIZD ETF — VanEck BDC Income ETF
VanEck BDC Income ETF (BIZD)
Updated October 2, 2026.
BIZD is an ETF linked to Basket (Business Development Companies and Treasury Bills). its distribution rate is 14.19%, its trailing-12-month yield is 12.66%, its expense ratio is 9.69%. Dividend Vision Distribution Safety Score™ is 83/100 (Safe). Total return is 129.3% over the past 13.6 years, 409.8 points behind SPY at 539.1%.
At the current 14.19% distribution rate, a $10,000 investment would generate approximately $1,419 per year, or about $354.75 per quarter if the next payment matches the last regular one.
BIZD dividend yield and income
Price as of 2026-10-02.
The distribution rate (14.19%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (12.66%) is the last year of payments divided by the current price. The next declared dividend is $0.437. The last ex-dividend date was 10/01/2026. It is scheduled to be paid on 10/06/2026. At the current 14.19% distribution rate, a $10,000 investment would generate approximately $1,419 per year, or about $354.75 per quarter if the next payment matches the last regular one.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-01 | $0.437 | 82.8% |
| 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 | $1.158 | -8.8% vs prior-year YTD |
BIZD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -9.0%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -5.64%.
| Window | Change |
|---|---|
| 1Y | -9.0% |
| 3Y | -9.0% |
| 5Y | 14.3% |
| 10Y | -0.4% |
BIZD holdings and sector exposure
Holdings are not available for this snapshot.
BIZD performance versus SPY
Price and return data through 2026-10-02.
Total return is 129.3% over the past 13.6 years, 409.8 points behind SPY at 539.1%. Over the past year its total return — price change plus distributions reinvested — is -4.5%. Its deepest 1-year drawdown was 15.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -4.4% | — |
| 3M | 1.9% | — |
| 6M | 5.1% | — |
| YTD | -4.7% | — |
| 1Y | -4.5% | — |
| 2Y CAGR | — | -1.80% |
| 3Y CAGR | — | 4.20% |
| 5Y CAGR | — | 4.80% |
| 10Y CAGR | — | 7.10% |
| Since inception (13.6 years) | 129.3% | 6.30% |
BIZD key facts
- Distribution Safety Score™
- 83 · Safe
- Safety-Adjusted Yield
- 11.78%
- Issuer
- VanEck
- Asset type
- ETF
- Asset subtype
- BDC_EQUITY_ETF
- Asset class
- Equity
- Inception date
- 02/11/2013
- Expense ratio
- 9.69%
- Distribution rate
- 14.19%
- Distribution frequency
- Quarterly
- Trailing yield
- 12.66%
- Last close
- $12.32 (as of 2026-10-02)
- AUM
- $1,553,148,992
- Average volume
- 3123900.0
- Next dividend
- $0.437
- Last ex-dividend date
- 10/01/2026
- Next payment date
- 10/06/2026 (as of 2026-10-06)
- Beta
- 0.38
- P/E ratio
- 11.0804
How Dividend Vision calculates yield and returns
Distribution rate (14.19%) 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 (12.66%) 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. 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.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
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 15.4%.
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's distribution rate is 14.19%, paid quarterly, with a 9.69% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
How has BIZD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -9.0%. 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 next declared dividend is $0.437. The last ex-dividend date was 10/01/2026. It is scheduled to be paid on 10/06/2026.
How has BIZD performed?
Total return is 129.3% over the past 13.6 years, 409.8 points behind SPY at 539.1%. Over the past year its total return — price change plus distributions reinvested — is -4.5%. Its deepest 1-year drawdown was 15.4%.
Is BIZD a good investment?
BIZD's Dividend Vision Distribution Safety Score is 83 (Safe). That is a risk signal, not investment advice. Its distribution rate is 14.19% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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