LBDCETRACS 2xLeveraged Long Wells Fargo Business Development Company ETN Series B
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
LBDC Portfolio Data
LBDC Index Data
LBDC Fund Structure
LBDC Tax Exposures
LBDC Factset Analytics Block Liquidity
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.