BDCX
·NYSE
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Key Stats
Assets Under Management
7.17MUSD
Fund Flows (1Y)
-2.93MUSD
Dividend Yield
19.73%
Discount/Premium to NAV
-0.79%
Shares Outstanding
300.00K
Expense Ratio
0.95%
About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN
Issuer
UBS
Brand
ETRACS
Inception Date
Jun 2, 2020
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
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Distributor
UBS Securities LLC
BDCX tracks a tiered-weighted index consisting of 25 BDCs covering 85%-90% of the free-float market-cap. These 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. The return on the note is linked to the performance of the price return of the index. Unlike most levered funds, that resets daily, BDCX offers 1.5x exposure over quarterly periods. Over periods spanning more than the quarterly reset dates, returns can vary significantly from its promised 1.5x exposure. Investors will come closest to 1.5x exposure by buying near but after the quarterly reset date. BDCX is designed as a short-term trading tool and not a long-term investment vehicle. 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 | -5.20% | -8.39% | -27.81% | -26.72% | -17.77% | -18.86% |
NAV Total Return | +5.70% | -4.76% | -13.20% | -8.50% | +39.40% | +74.76% |
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
No data is currently available
Top 10 Holdings
Symbol
Ratio
Ares Capital Corp
15.84%
Owl Rock Capital Corporation Com
7.12%
Blackstone Secured Lending Fund
6.17%
Main Street Capital Corp
5.93%
Hercules Technology Growth Capital Inc
5.12%
Golub Capital BDC Inc
4.93%
Fs Kkr Capital Corp
4.86%
TPG Specialty Lending Inc
4.48%
Capital Southwest Corp
3.87%
Morgan Stanley Direct Lending Fund
3.75%
Top 10 Weight 62.07%
25 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-10-10 | 2025-10-10 | 2025-10-21 | 1.120 |
| 2025-07-14 | 2025-07-14 | 2025-07-22 | 1.101 |
| 2025-04-11 | 2025-04-11 | 2025-04-22 | 1.556 |
| 2025-01-13 | 2025-01-13 | 2025-01-22 | 0.898 |
| 2024-10-11 | 2024-10-11 | 2024-10-21 | 1.243 |
| 2024-07-15 | 2024-07-15 | 2024-07-23 | 1.250 |
| 2024-04-11 | 2024-04-12 | 2024-04-22 | 1.278 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
