VanEck Vectors BDC Income ETF ETF.com segment: Equity: U.S. Private Equity Competing ETFs: BDCS, BDCZ, BUY Related ETF Channels: North America, Private Equity, U.S., Vanilla, Equity, Financials, Sectors Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. D 99 FUND DESCRIPTION The VanEck Vectors BDC Income ETF tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. FACTSET ANALYTICS INSIGHT stands out for 3 reasons: exposure, expense ratio and dividend yield. tracks a concentrated index of US publicly-listed private equity investment companies: The ETF buys shares of firms that in turn invest in the debt and equity of mid-sized private firms. The multiple layers help explain the fund's eye-popping expense ratio among the highest of all US-listed ETFs which includes the acquired fees of the underlying investment companies. Another standout is 's dividend yield. As always, check the latest total return too. The fund has seen tepid investor interest to date with low but viable AUM near and ho-hum liquidity. For more options, see the Global Private Equity segment. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings VanEck 02/12/13 Open-Ended Fund 9.67% $209.43M $1.24M 0.15% $2.60B 13.08 8.83% 10/01/18 INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology
1 Year Daily Price ($) 18.00 17.50 17.00 16.50 16.00 Sep Oct Nov Dec `18 Feb Mar Apr May Jun Jul Aug 1 000k PERFORMANCE [as of 08/30/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1.94% 5.73% 9.33% 9.87% 9.75% 5.83% -- (NAV) 1.85% 5.92% 9.47% 10.05% 9.79% 5.82% -- MVIS U.S. Business Development Companies Index MVIS U.S. Business Development Companies Index 1.86% 5.94% 9.54% 10.33% 9.70% 5.89% -- 1.86% 5.94% 9.54% 10.33% 9.70% 5.89% -- All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 101.34% TOP 10 SECTORS Closed End Funds Corporate Financial Servi Investment Management Business Support Services 81.80% 9.42% 2.74% 1.43% TOP 10 HOLDINGS Ares Capital 20.02% Hercules Capital, Inc. 4.86% Main Street Capital Corpo 8.36% Golub Capital BDC, Inc. 4.30% Prospect Capital Corporat 8.07% Apollo Investment Corpor 4.01% Corporate Capital Trust, I 7.% TCG BDC, Inc. 3.80% FS Investment 6.46% TPG Specialty Lending, In 3.48% Total Top 10 Weighting 70.62%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 9.67% -0.30% 0.05% -0.40% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% -- Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily
Daily Spread 0.4% FACTSET ANALYTICS BLOCK LIQUIDITY As of 09/03/18 0.3% 0.2% 0.1% 0% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 2 out of 5. Premium/Discount 1.0% TRADABILITY Avg. Daily Share 72,147 0.5% Average Daily $ $1.24M 0.0% Median Daily Share 47,274-0.5% 1 000k 750k 500k 250k Median Daily ($) Average Spread (%) Average Spread ($) $817.99K 0.15% $0.03 Sep Oct Dec Feb Apr May Jul Aug Median Premium / Discount (12 Mo) 0.05% Max. Premium / Discount (12 Mo) 0.69% / -0.32% Impediment to Creations None Market Hours Overlap 100.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.95 Creation Unit Cost (%) 0.06% Underlying / Unit 0.97% Open Interest on ETF Options -- Net Asset Value (Yesterday) $17.34 ETF.com Implied Liquidity 2
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Closed End Funds 81.80% 79.46% Ares Capital Main Street Capital 20.02% 8.36% Goodness of Fit (R2) Beta Up Beta Corporate Financial Services Investment Management & Fund Operators 9.42% 9.% 2.74% 2.69% Prospect Capital Corporate Capital Trust, Inc. FS Investment 8.07% 7.% 6.46% Down Beta Downside Standard Deviation 0.00% Business Support Services 1.43% 1.41% Hercules Capital, Inc. Golub Capital BDC, Inc. Apollo Investment TCG BDC, Inc. 4.86% 4.30% 4.01% 3.80% BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents TPG Specialty Lending, Inc. Total Top 10 Weighting 3.48% 70.62% Shared Holdings Shared Holdings Weight 25 98.40% COUNTRIES United States 101.34% 100.00% BENCHMARK COMPARISON SUMMARY Number of Holdings REGIONS North America 101.34% 100.00% Weighted Average Market Cap Price / Earnings Ratio $2.60B $2.57B 13.08 12.99 ECONOMIC DEVELOPMENT Developed Countries 100.00% 100.00% Price / Book Ratio Dividend Yield 8.42% 8.47% Concentration High -- 2018 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use