BDCYETRACS 2x Monthly Leveraged Wells Fargo Diversified BDC Index ETN Series B
BDCY Fund Description
BDCY provides 2x leveraged exposure, compounded monthly, to a market-cap weighted index of business development companies listed on the NYSE or NASDAQ.
BDCY Factset Analytics Insight
BDCY’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 — BDCY offers 2x leveraged exposure over 1-month periods. Over periods spanning more than 1 month reset dates, returns can vary significantly from its promised 2x exposure. Investors will come closet to 2x exposure by buying near but after the monthly reset date-which is the first trading day of each month. Because this is a tactical tool, liquidity rather than holding cost is para mount for the note.
BDCY Charts And Performance
BDCY Portfolio Data
BDCY Index Data
BDCY Fund Structure
BDCY Tax Exposures
BDCY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BDCY. BDCY is rated a N/A out of 5.