Summary
VanEck BDC Income ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 35. The ten largest make up 80% of the fund.
- Yearly costs
- 9.69%
- Fund size
- $1.42B
- Positions
- 35
- Dividend yield
- 13.24%
- Running since
- 2013
What speaks for it
- A large fund with $1.42B under management.
- Easy to buy and sell: about $34.7M changes hands a day.
- It has been running since 2013.
What to watch
- The ten largest positions make up 80% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Financials).
- 100% of the fund is in one country (United States).
- Costs of 9.69% a year are above the middle of comparable funds (0.75%).
- In the last five years its price once dropped by 35% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -10%
- 3 months
- -5.4%
- This year
- -17%
- 1 year
- -17%
- 3 years
- -21%
- 5 years
- -33%
- 10 years
- -32%
- Avg. market cap
- $5.34B
- P/E
- 12.4x
- Forward P/E
- 8.4x
- P/S
- 4.2x
- P/B
- 0.1x
- P/FCF
- 5.5x
- EV/EBITDA
- -
- Dividend yield
- 13.35%
- ROIC
- -
- ROE
- 6.4%
- Gross margin
- -
- Operating margin
- 55.9%
- Net margin
- 33.4%
- Payout ratio
- 165.0%
- Net debt/EBITDA
- -
- Beta
- 0.37
Weighted average of the 30 largest companies, which make up 61% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 United States Treasury Bill 20%
- 2 United States Treasury Bill 19%
- 3 ARAres Capital Corporation ARCC 14%
- 4 OBBlue Owl Capital Corporation OBDC 5.4%
- 5 MAMain Street Capital Corporation MAIN 5.3%
- 6 BXBlackstone Secured Lending Fund BXSL 5.3%
- 7 GBGolub Capital BDC, Inc. GBDC 2.9%
- 8 HTHercules Capital, Inc. HTGC 2.8%
- 9 FSFS KKR Capital Corp. FSK 2.7%
- 10 OTBlue Owl Technology Finance Corp. OTF 2.6%
Positions in the fund: 35. The ten largest make up 80% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 100%
By country
- United States 100%
- Other countries 0.02%
By company size
- Large cap 23%
- Mid cap 44%
- Small cap 33%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 61% of the fund.
Largest sector: Financials (100%). Largest country: United States (100%). Largest size group: Mid cap (44%).
What does it cost me?
Expensive- A year from $10,000
- $969
- Over 20 years
- $22,707
From every $10,000 invested the fund takes $969 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $22,707.
How has it done?
Losing value- A year on average, 10 years
- -3.7%
- Deepest drop
- -35%
- Yearly volatility
- 20%
Average yearly decline over the last ten years: 3.7%. Deepest drop in these years: 35% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 13.24%
- Payments a year
- 3
- Last payment
- $0.44
Over the last 12 months it paid $1.56 per share, which is 13.24% of today's price. The last payment was $0.44 on Oct 1, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $34.7M
- Shares a day
- 2.9M
On an average day about $34.7M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 12.4
- Average Bulios Score
- 73 out of 100
Weight by Bulios Fair Price
- Undervalued 94%
- Fairly valued 0.0%
- Overvalued 5.6%
On average the companies inside trade for 12.4 times their yearly profit. By Fair Price, 94% of the rated weight comes out as undervalued.
Counted from its largest companies (30), which make up 61% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FB FBDC FT Confluence BDC & Specialty Finance Income ETF | United States | 0.95% | $34.7M | -16% | Pays out | 47% |
PB PBDC Putnam BDC Income ETF | United States | 11.77% | $265.2M | -18% | Pays out | 47% |
PE PEX ProShares Global Listed Private Equity ETF | United States | 2.75% | $10.2M | -15% | Pays out | 34% |
VP VPC Virtus Private Credit Strategy ETF | United States | 10.60% | $27.2M | -25% | Pays out | 28% |
LB LBO WHITEWOLF Publicly Listed Private Equity ETF | United States | 6.53% | $6.05M | -17% | Pays out | 27% |
HY HYIN WisdomTree Private Credit & Alternative Income Fund | United States | 0.50% | $44.9M | -26% | Pays out | 26% |