Business Development ETF Stung by Prospect Capital Dividend Cut

Business development companies are required to disclose so-called acquired fund fees and expenses, which are a type of business expense and not considered “fees” in the way fund investors are familiar with. [Making Sense of Acquired Fund Fees in BDC ETFs]

BIZD has a 30-day SEC yield of 8.83%. Based on its 2014 distributions, BDCS has a yield of 8%.

Market Vectors BDC Income ETF

ETF Trends editorial team contributed to this post.