AVNM vs. BDCX ETF Comparison

Comparison of Avantis All International Markets Equity ETF (AVNM) to ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)

AVNM

Avantis All International Markets Equity ETF

AVNM Description

The fund is a "fund of funds," meaning that it seeks to achieve its objective by investing in other Avantis exchange-traded funds (ETFs) (collectively, the underlying funds). The underlying funds represent a broadly diversified basket of equity securities that seek to select or overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index.

Grade (RS Rating)

Last Trade

$59.86

Average Daily Volume

10,643

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BDCX

ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN

BDCX Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index, reduced by the Accrued Fees. The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange, NYSE AMEX or The Nasdaq Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.

Grade (RS Rating)

Last Trade

$31.56

Average Daily Volume

2,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVNM	BDCX
30 Days	2.30%	-0.45%
60 Days	8.86%	2.77%
90 Days	5.06%	-5.96%
12 Months	25.50%	18.71%

0 Overlapping Holdings

	Symbol	Grade	Weight in AVNM	Weight in BDCX	Overlap

AVNM Overweight 5 Positions Relative to BDCX

Symbol	Grade	Weight
AVDE	B	41.19%
AVIV	A	20.27%
AVEM	A	18.1%
AVES	A	11.97%
AVDV	A	8.42%

AVNM Underweight 23 Positions Relative to BDCX

Symbol	Grade	Weight
ARCC	A	-17.86%
FSK	A	-11.43%
MAIN	B	-5.85%
PSEC	C	-5.48%
TSLX	D	-4.71%
GBDC	D	-4.5%
GSBD	D	-4.48%
HTGC	C	-4.42%
NMFC	F	-3.68%
OCSL	D	-3.54%
TCPC	F	-2.36%
CGBD	C	-2.28%
BCSF	C	-2.09%
SLRC	D	-2.05%
NEWT	D	-1.96%
CSWC	C	-1.82%
BBDC	D	-1.72%
GAIN	A	-1.69%
TPVG	F	-1.57%
PFLT	B	-1.45%
PNNT	D	-1.4%
FDUS	C	-1.28%
GLAD	A	-1.22%

AVNM: Top Represented Industries & Keywords

Industries:

Keywords: Stock Fund Currency Exchange Traded Fund Financial Instrument Swaps Wagering Exchange Traded Funds Financial Market Frontier Markets Mutual Fund Private Sector SPDR Synthetic Replication Venture Capital

BDCX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance