You can purchase a business development company index with BDCL. BDCL is LEVERAGED. It tries to replicate the Wells Fargo Business Development Company Index, but 2x leveraged. Here is a quote I picked up somewhere: "The BDC business model is to lend to small and midsized companies at high yield equivalent rates while also at times taking equity stakes in such companies." Present yield is 14%. It should go ex-dividend in two to three weeks. HOWEVER, they have not announced that dividend yet. Dividend has been paid the last 4 quarters, at about a 14% annualized yield.
You can purchase a business development company index with BDCL. BDCL is LEVERAGED....or you can play it safer, avoiding the leverage, with BIZD -- current yield 5.58% but perhaps sounder sleep at night;-)
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