BDCX vs. TOKE ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to Cambria Cannabis ETF (TOKE)

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

TOKE

Cambria Cannabis ETF

TOKE Description

The investment seeks capital appreciation from investments in the global equity markets that have exposure to the broad cannabis industry. Under normal market conditions, at least 80% of the value of the fund’s net assets (plus borrowings for investment purposes) will be invested in Cannabis Companies. The Advisor generally expects to invest in Cannabis Companies across a broad market capitalization spectrum of micro-, small-, and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$5.44

Average Daily Volume

24,004

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BDCX	TOKE
30 Days	-0.99%	-11.83%
60 Days	2.03%	-7.17%
90 Days	3.99%	-9.46%
12 Months	16.62%	2.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in BDCX	Weight in TOKE	Overlap

BDCX Overweight 23 Positions Relative to TOKE

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 11 Positions Relative to TOKE

Symbol	Grade	Weight
TPB	B	-5.38%
SNDL	D	-5.27%
PM	B	-5.13%
MO	A	-4.4%
HITI	B	-4.38%
SAM	C	-4.12%
JAZZ	B	-3.4%
UVV	B	-2.88%
IIPR	D	-2.6%
AFCG	D	-1.62%
MAPS	B	-0.74%

BDCX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance