BDCZETRACS Linked to Wells Fargo Business Development Co Index ETN Series B
BDCZ Fund Description
BDCZ tracks an index of at least 25 companies invested in the initial growth stages of small firms.
BDCZ Factset Analytics Insight
BDCZ covers a somewhat obscure pocket of the global funding market: business development companies. The note launched on Oct. 9, 2015 as a “B Series” companion to BDCS, providing more capacity for identical exposure. The ETN's reference index tracks the top 85% of the free-float universe or at least 25 companies that act as venture capital firms but that are typically structured as publicly traded closed-end funds. These firms generally invest in small or financially troubled firms directly via equity positions or indirectly through loans. Selected companies are grouped as large-weights (largest 5-10) and small-weights (all other companies). The index assigns different minimum-weights to the companies: 5% to large-weights compared to 4.5% for the small-weights. Prior to July 30, 2021, the fund tracked the Wells Fargo Business Development Company Index.
BDCZ Portfolio Data
BDCZ Index Data
BDCZ Portfolio Management
BDCZ Tax Exposures
BDCZ Fund Structure
BDCZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BDCZ. BDCZ is rated a N/A out of 5.
BDCZ Economic Development
BDCZ Performance Statistics
BDCZ Benchmark Comparison Summary
BDCZ Benchmark Comparison Market Cap Size