BIZD: It's Time For Cherry-Picking VanEck BDC Income ETF offers a ~12% yield but remains a hold due...

BIZD: It's Time For Cherry-Picking VanEck BDC Income ETF offers a ~12% yield but remains a hold due to sector-specific risks and portfolio construction concerns. BIZD's heavy allocation to ARCC and MAIN is positive, but exposure to riskier BDCs and underweighting of strong internally managed names limits appeal. Sector-wide issues like weak dividend coverage, declining NAVs, and rising non-accruals highlight the importance of selective BDC investing over broad ETF exposure.