HYIN vs. BDCZ ETF Comparison

Comparison of WisdomTree Alternative Income Fund (HYIN) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)

HYIN

WisdomTree Alternative Income Fund

HYIN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the ?Index?). Under normal circumstances, at least 80% of the fund?s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of registered closed-end investment companies and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.64

Average Daily Volume

6,551

Number of Holdings ^*

* 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

$20.11

Average Daily Volume

2,192

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HYIN	BDCZ
30 Days	1.48%	1.14%
60 Days	2.06%	2.73%
90 Days	2.68%	6.24%
12 Months	11.91%	25.14%

5 Overlapping Holdings

Symbol	Grade	Weight in HYIN	Weight in BDCZ	Overlap
ARCC	A	2.94%	17.86%	2.94%
FSK	A	3.05%	11.43%	3.05%
GBDC	C	2.85%	4.5%	2.85%
HTGC	A	3.22%	4.42%	3.22%
MAIN	A	3.11%	5.85%	3.11%

HYIN Overweight 22 Positions Relative to BDCZ

Symbol	Grade	Weight
MITT	B	3.25%
ABR	B	3.18%
RWT	B	3.1%
OXLC	B	3.04%
EFC	B	3.0%
LADR	A	2.93%
GOF	A	2.92%
VVR	B	2.89%
ECC	B	2.88%
JQC	A	2.87%
JFR	B	2.87%
BXSL	B	2.85%
HYT	B	2.85%
PDI	B	2.84%
PTY	B	2.83%
AGNC	A	2.81%
DSU	A	2.79%
STWD	D	2.69%
RC	C	2.63%
ARI	D	2.52%
BXMT	C	2.47%
CMTG	D	2.35%

HYIN Underweight 18 Positions Relative to BDCZ

Symbol	Grade	Weight
PSEC	C	-5.48%
TSLX	A	-4.71%
GSBD	A	-4.48%
NMFC	C	-3.68%
OCSL	D	-3.54%
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: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance