Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield
The red line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.7%) that tracks the overall performance of publicly traded business development companies (BDCs, lenders to privately held middle-market businesses that tend to be below investment grade or not rated, with most lending comprising of senior secured loans). The blue line displays the BofA Merrill Lynch US High Yield (US HY index – currently at 8.28% as of 1 September), which tracks the performance of USD denominated below investment grade corporate debt publicly issued in the US.
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