LBDC

ETRACS 2xLeveraged Long Wells Fargo Business Development Company ETN Series B
*Unless otherwise stated, data provided by FactSet.

LBDC Fund Description

LBDC provides 2x leveraged exposure to a market-cap-weighted index of business development companies listed on the NYSE or the NASDAQ.

LBDC Factset Analytics Insight

LBDC's underlying index consists of 40 publicly traded business development and private equity companies. The note launched on Oct. 9, 2015 as a companion to BDCL, providing more capacity for exposure to the same index (which is tracked in unleveraged form by sister-ETNs BDCS and BDCZ). Unlike most levered funds—which usually reset daily—BDCL offers 2x levered exposure over 1-month periods. Over periods that span 1 or more monthly reset dates, returns can vary significantly from its promised 2x exposure. Investors will come closest to 2x exposure by buying near but after the monthly reset date—which is the first trading day of each month. Because it’s a tactical tool, liquidity rather than holding cost is paramount for the note.

LBDC Charts And Performance

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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LBDC 3.01% 8.95% 47.01% 19.57% 7.40% -- --
LBDC (NAV) 3.92% 9.64% 49.68% 23.65% 8.72% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LBDC Summary Data

UBS
ETRACS
10/08/15
Exchange-Traded Note
0.85%
$31.00M
0.36%

LBDC Portfolio Data

15.09%
07/11/19

LBDC Index Data

Market Cap
Market Cap
N/A

LBDC Fund Structure

No
N/A
N/A / N/A
UBS AG (London Branch)
Low
High
2
Monthly

LBDC Tax Exposures

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

LBDC Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

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

LBDC Tradability

827
$11.47K
358
$5.13K
0.36%
$0.05
-0.10%
2.09% / -1.85%
None
100.00%
50,000
0.01
0.13%
--
0
$14.76
N/A