BDCXETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN
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 Portfolio Data
BDCX Index Data
BDCX Fund Structure
BDCX Tax Exposures
BDCX Factset Analytics Block Liquidity
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.