Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.6% as of 9 October, close to its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.8% as of 26 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.2% as of 12 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 28 August) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Direct lenders leverage PIK loans for competitive gain While payment-in-kind (PIK) loans are uncommon in the broadly syndicated loan market, where cash interest payments are standard, direct lenders have consistently used them to offer cash flow flexibility to borrowers…. Subscribe to Read MoreAlready a member? Log in here...

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 1 August) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…

Sponsor-driven demand led private credit volumes through early 2025 In 1Q25, direct loans reached a total deal volume of USD 66bn, lower than the USD 363bn recorded in the institutional leveraged loan market but closely matching high-yield bond volumes of USD 65.8bn. Despite lagging leveraged loan volumes overall, direct lending activity was heavily driven by…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.8% as of 21 July) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11% as of 3 July) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…

Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 20 June) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…