As I am building out a high yield ETF portfolio I’ve also learnt that BIZD ETF exists (VanEck BDC Income ETF). I don’t hold business development companies in my direct stock portfolio but my curiosity on an ETF in that sector has been sparked. Anybody here with specific experience with BIZD ETF?
Similarly, ran into CSWC as an individual BDC and the dividends are appealing (12-13%) but well in excess of GAAP earnings. How do you assess sustainability with these kind of companies?