BDCZ vs. ERNZ ETF Comparison

Comparison of ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ) to TrueShares Active Yield ETF (ERNZ)
BDCZ

ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041

BDCZ Description

The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.

Grade (RS Rating)

Last Trade

$20.11

Average Daily Volume

2,192

Number of Holdings *

23

* may have additional holdings in another (foreign) market
ERNZ

TrueShares Active Yield ETF

ERNZ Description The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.89

Average Daily Volume

184,721

Number of Holdings *

9

* may have additional holdings in another (foreign) market
Performance
Period BDCZ ERNZ
30 Days 1.14% -1.92%
60 Days 2.73% 0.60%
90 Days 6.24%
12 Months 25.14%
2 Overlapping Holdings
Symbol Grade Weight in BDCZ Weight in ERNZ Overlap
OCSL D 3.54% 2.45% 2.45%
TSLX A 4.71% 2.73% 2.73%
BDCZ Overweight 21 Positions Relative to ERNZ
Symbol Grade Weight
ARCC A 17.86%
FSK A 11.43%
MAIN A 5.85%
PSEC C 5.48%
GBDC C 4.5%
GSBD A 4.48%
HTGC A 4.42%
NMFC C 3.68%
TCPC B 2.36%
CGBD B 2.28%
BCSF A 2.09%
SLRC B 2.05%
NEWT D 1.96%
CSWC A 1.82%
BBDC A 1.72%
GAIN B 1.69%
TPVG F 1.57%
PFLT B 1.45%
PNNT A 1.4%
FDUS C 1.28%
GLAD A 1.22%
BDCZ Underweight 7 Positions Relative to ERNZ
Symbol Grade Weight
GOF A -2.71%
INSW C -2.67%
CLM A -2.58%
DHT D -2.42%
NAT D -2.32%
GNL C -2.14%
CNA B -1.88%
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