BDCX

ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
*Unless otherwise stated, data provided by FactSet.

BDCX Fund Description

BDCX provides 1.5x leveraged exposure, compounded quarterly, to a market-cap weighted index of business development companies listed on the NYSE, NYSE AMEX or NASDAQ.

BDCX Factset Analytics Insight

BDCX’s underlying index consists of publicly traded business development and private equity companies. The return on the note is linked to the performance of the price return of the index. Unlike most levered funds — which usually reset daily — BDCX offers 1.5x leveraged exposure over quarterly periods. Over periods spanning more than the quarterly reset dates, returns can vary significantly from its promised 1.5x exposure. Investors will come closest to 1.5x exposure by buying near but after the quarterly reset date. BDCX is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to quarterly compounding. Because this is a tactical tool, liquidity rather than holding cost is paramount for the note.

BDCX Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/27/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BDCX -0.95% 4.76% -- -- -- -- --
BDCX (NAV) -1.38% 5.45% -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BDCX Summary Data

UBS
ETRACS
06/02/20
Exchange-Traded Note
0.95%
$23.43M
0.20%

BDCX Portfolio Data

--
N/A

BDCX Index Data

Market Cap
Market Cap
N/A

BDCX Fund Structure

Yes
No
N/A / N/A
UBS AG (London Branch)
Low
High
1.5
Quarterly

BDCX Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BDCX Factset Analytics Block Liquidity

As of 10/28/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BDCX. BDCX is rated a N/A out of 5.

BDCX Tradability

517
$12.94K
100
$2.49K
0.20%
$0.05
-0.03%
0.21% / -0.90%
None
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50,000
0.00
0.00%
--
0
$23.31
N/A