BDCZ
·ARCA
--
--(--)
--
--(--)
Key Stats
Assets Under Management
12.47MUSD
Fund Flows (1Y)
-5.69MUSD
Dividend Yield
10.48%
Discount/Premium to NAV
-0.06%
Shares Outstanding
750.00K
Expense Ratio
0.85%
About ETRACS MarketVector Business Development Companies Liquid Index ETN
Issuer
UBS
Brand
ETRACS
Inception Date
Oct 8, 2015
Structure
Exchange-Traded Note
Index Tracked
MarketVector US Business Development Companies Liquid Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
UBS Switzerland AG
Distributor
UBS Securities LLC
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.
Classification
Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Asset Management & Custody Banks
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Tiered
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.52% | +8.21% | +1.79% | -11.10% | -1.44% | +3.45% |
NAV Total Return | -3.20% | +2.91% | -3.06% | -4.22% | +30.44% | +59.47% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Micro-Cap Blend
Includes micro-cap companies with both value and growth attributes. These ETFs offer exposure to the smallest market cap firms with balanced financial characteristics.
Top 10 Holdings
Symbol
Ratio
Ares Capital Corp
16.03%
Owl Rock Capital Corporation Com
6.95%
Main Street Capital Corp
6.07%
Blackstone Secured Lending Fund
5.95%
Hercules Technology Growth Capital Inc
5.06%
Golub Capital BDC Inc
4.95%
Fs Kkr Capital Corp
4.81%
TPG Specialty Lending Inc
4.49%
Capital Southwest Corp
4.00%
Morgan Stanley Direct Lending Fund
3.68%
Top 10 Weight 61.99%
25 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-13 | 2026-01-13 | 2026-01-22 | 0.320 |
| 2025-10-10 | 2025-10-10 | 2025-10-21 | 0.446 |
| 2025-07-14 | 2025-07-14 | 2025-07-22 | 0.444 |
| 2025-04-11 | 2025-04-11 | 2025-04-22 | 0.581 |
| 2025-01-13 | 2025-01-13 | 2025-01-22 | 0.323 |
| 2024-10-11 | 2024-10-11 | 2024-10-21 | 0.450 |
| 2024-07-15 | 2024-07-15 | 2024-07-23 | 0.446 |
Show more
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
