The 12% Yield Trap: Why BIZD's Soaring Payout Ratio Signals Trouble Ahead
JULY 20, 2026

The 12% Yield Trap: Why BIZD's Soaring Payout Ratio Signals Trouble Ahead

Income investors are gravitating towards business development companies (BDCs) for yields exceeding 10%, with the VanEck BDC Income ETF (BIZD) offering a headline yield of 12.1%. However, its high expense ratio of 10% raises concerns about shareholder returns. As interest rates decline, BDCs face pressure, evidenced by a...

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0DTE Income ETFs: TSPY vs SDTY
JUNE 13, 2026

0DTE Income ETFs: TSPY vs SDTY

This week saw market consolidation, with broader indexes bouncing back to their 50-day moving averages. Notably, TSPY from TappAlpha has optimized its holdings by switching from SPY to VOO, benefiting from VOO's superior liquidity and lower expense ratio (0.03% vs. 0.09%). This adjustment has reduced TSPY's expense ratio from...

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