BDCX vs. MJ ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to ETFMG Alternative Harvest ETF (MJ)

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

$31.15

Average Daily Volume

1,329

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MJ

ETFMG Alternative Harvest ETF

MJ Description

MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem beneﬁtting from global medicinal and recreational cannabis legalization initiatives. First U.S. and world’s largest ETF to target the global cannabis industry. Many other signiﬁcant applications for cannabis and THC based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management. The global cannabis market is expected to grow at a CAGR of around 17% and reach $55.8 billion by 2025.¹

Grade (RS Rating)

Last Trade

$2.54

Average Daily Volume

904,237

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BDCX	MJ
30 Days	-0.99%	-26.38%
60 Days	2.03%	-20.43%
90 Days	3.99%	-26.33%
12 Months	16.62%	-12.00%

0 Overlapping Holdings

	Symbol	Grade	Weight in BDCX	Weight in MJ	Overlap

BDCX Overweight 23 Positions Relative to MJ

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

BDCX Underweight 14 Positions Relative to MJ

Symbol	Grade	Weight
TLRY	F	-7.74%
SNDL	D	-6.85%
IIPR	D	-6.82%
REFI	A	-3.39%
HITI	B	-2.52%
AFCG	D	-2.16%
OGI	F	-1.4%
GRWG	D	-1.28%
MAPS	B	-1.12%
TPB	B	-0.97%
JAZZ	C	-0.8%
MO	A	-0.78%
PM	B	-0.75%
SMG	C	-0.65%

BDCX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance