Overview

The Muzinich BDC Income Fund – Active ETF (BDCI or the Fund) is a daily liquid, actively managed fund that invests in U.S. listed Business Development Companies (BDCs).

The Fund provides investors with access to a diversified portfolio of high-income loans from U.S. middle-market companies. BDCI deploys the Muzinich Public BDC Income Strategy.

BDCI provides investors access to a diversified portfolio of 20-45 U.S.-listed BDCs, seeking to deliver stable, high income from private credit loans.

Investors can purchase units on the ASX under the code BDCI.

About Muzinich & Co.

Founded in 1988, Muzinich & Co. Inc. is a New York-based global corporate credit specialist with A$58.4 billion (as at 31 March 2026) in funds under management.

Muzinich is a privately-owned, institutionally-focused investment firm specialising in public and private credit markets, globally, while managing downside risk.

Platforms

The Muzinich BDC Income Fund – Active ETF is available via the following platforms:

  • HUB24 – IDPS

More Information

Key Fund Info

Key Fund Facts

ASX Code BDCI
Responsible Entity AGP Investment Management Limited
Investment Manager Muzinich & Co. Limited
Benchmark S&P BDC Index USD Price Return (in Australian dollars and unhedged)
Distribution Frequency Monthly
Management Fee 0.95% management fee per annum of the NAV of the Fund

Investment Guidelines

Cash and cash equivalents 0% – 10%
Publicly traded BDC securities 90% – 100%
Maximum individual position size 20%

Announcements

Announcements

Date Description Link
06/07/2026 DRP Price - Distribution month ending 30 June 2026 View
06/07/2026 Monthly Redemptions and Units on Issue as at 30 June 2026 View
26/06/2026 Actual Distribution for month end 30 June 2026 Revised Title View
26/06/2026 Estimated distribution for month ending 30 June 2026 View
18/06/2026 Investment Update 31 May 2026 - Updated View
18/06/2026 Investment Update 31 May 2026 View
04/06/2026 Monthly Redemptions and Units on Issue as at 31 May 2026 View
04/06/2026 DRP Price - Distribution month ending 31 May 2026 View
27/05/2026 Distribution for month ending 31 May 2026 View
15/05/2026 Investment Update 30 April 2026 View
06/05/2026 DRP Price - Distribution month ending 30 April 2026 View
06/05/2026 Monthly Redemptions and Units on Issue as at 30 April 2026 View
28/04/2026 Distribution for month ending 30 April 2026 View
01/04/2026 Muzinich BDC Income Fund (BDCI)- Now Trading View
01/04/2026 Product Disclosure Statement - 13 March 2026 View
01/04/2026 Admission and Commencement of Trading - BDCI View

Why Invest

Attractive Monthly Income

The Fund targets monthly distributions from private credit loans, deploying a Strategy that has delivered an average gross dividend yield of 9.8% p.a. since inception ($USD).

Daily Liquidity

Unlike traditional private debt funds, BDCI offers daily liquidity, either via the ASX or directly with AGP IM, while maintaining exposure to a traditionally less liquid asset class.

Diversification

Investors gain access to the rapidly growing private credit asset class, which has been limited in Australia. The fund offers exposure to over 3,600 underlying borrowers across U.S middle market.

Active Management

Muzinich actively adjusts the Fund’s portfolio, seeking to maximise total returns while actively managing risk. With divergence emerging in credit performance across BDCs, active management is key to identifying the strongest opportunities.

Proven Strategy

The Fund employs the Muzinich Public BDC Income Strategy, which has an established track record since 2014 of investing in US-listed BDCs and delivering consistent income and diversification benefits.

Global Credit Expertise

The Fund provides investors with access to Muzinich & Co. Inc. – a global credit manager with more than 35 years of experience and a dedicated US private debt platform.

How To Invest

The Muzinich BDC Income Fund – Active ETF trades on the ASX under the ticker code ‘BDCI’, so you can invest via your stock broker in the same way you would purchase any ordinary shares.

With a Full Service Broker
With a Full Service Broker

If you don’t have an existing Full Service Stockbroker relationship, visit the ASX website.

With an Online Broker
With an Online Broker

Purchase shares directly through your online broker with the ticker code BDCI.

Through Your Financial Adviser
Through Your Financial Adviser

Contact your financial adviser to invest.

Complete the Application Form
Complete the Application Form

You can also invest directly via an Application Form, with a minimum initial investment of $20,000.

Apply Now
Not Sure?
Not Sure?

If you have any questions, please contact us on
1300 052 054 or email invest@associateglobal.com.