FXED vs. BDCZ ETF Comparison

Comparison of Sound Enhanced Fixed Income ETF (FXED) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.80

Average Daily Volume

7,622

Number of Holdings *

24

* may have additional holdings in another (foreign) market
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

$18.83

Average Daily Volume

1,829

Number of Holdings *

23

* may have additional holdings in another (foreign) market
Performance
Period FXED BDCZ
30 Days -1.83% -0.54%
60 Days -2.03% 1.64%
90 Days 0.36% 3.06%
12 Months 12.47% 13.21%
5 Overlapping Holdings
Symbol Grade Weight in FXED Weight in BDCZ Overlap
ARCC A 3.35% 17.86% 3.35%
GBDC D 2.87% 4.5% 2.87%
HTGC D 3.47% 4.42% 3.47%
PFLT D 2.77% 1.45% 1.45%
TSLX C 2.54% 4.71% 2.54%
FXED Overweight 19 Positions Relative to BDCZ
Symbol Grade Weight
AWF C 2.86%
CMSD C 2.29%
SPG A 2.19%
SOJD D 2.09%
PCY C 2.07%
HYEM A 1.98%
T A 1.95%
VICI C 1.41%
WHF F 1.25%
OHI C 1.12%
PLYM F 1.12%
O C 1.11%
BXSL A 1.06%
PINE C 1.0%
NNN C 0.69%
NHI D 0.55%
PK C 0.55%
APLE B 0.41%
GLPI C 0.33%
FXED Underweight 18 Positions Relative to BDCZ
Symbol Grade Weight
FSK A -11.43%
MAIN A -5.85%
PSEC D -5.48%
GSBD F -4.48%
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%
PNNT C -1.4%
FDUS A -1.28%
GLAD B -1.22%
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