MDIV vs. BDCX ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

86,599

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

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

Performance

Period	MDIV	BDCX
30 Days	1.28%	-0.99%
60 Days	0.73%	2.03%
90 Days	2.82%	3.99%
12 Months	17.80%	16.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in MDIV	Weight in BDCX	Overlap

MDIV Overweight 103 Positions Relative to BDCX

Symbol	Grade	Weight
HYLS	B	20.0%
IEP	F	1.51%
PMT	C	1.47%
ARLP	A	1.41%
DMLP	A	1.3%
BSM	B	1.28%
KRP	B	1.27%
DKL	C	1.2%
CAPL	C	1.17%
USAC	B	1.16%
AGNCN	A	1.09%
APLE	B	1.05%
LADR	B	1.03%
EPR	C	0.99%
GLP	A	0.96%
MPLX	A	0.95%
LTC	B	0.94%
CQP	B	0.92%
ET	A	0.91%
NRP	B	0.89%
WES	C	0.86%
GTY	A	0.84%
HST	C	0.83%
EPD	A	0.82%
FITBI	B	0.79%
GLPI	C	0.79%
CHSCO	B	0.78%
SPG	A	0.77%
CHSCL	B	0.76%
SUN	B	0.74%
AAT	B	0.72%
CHSCN	D	0.72%
RZC	C	0.72%
PAA	B	0.71%
VICI	C	0.71%
IIPR	D	0.71%
FCPT	C	0.71%
CHSCM	D	0.69%
PAGP	A	0.67%
NHI	D	0.65%
WU	F	0.64%
NNN	C	0.64%
BRX	A	0.63%
ALEX	B	0.62%
LAMR	C	0.61%
VZ	C	0.6%
CTRE	C	0.6%
T	A	0.6%
CDP	C	0.58%
REG	A	0.57%
MAA	B	0.57%
PSA	C	0.56%
CUBE	C	0.56%
BMY	B	0.55%
CHRD	D	0.54%
ENLC	A	0.51%
OKE	A	0.51%
FANG	C	0.47%
TROW	B	0.46%
DTM	A	0.45%
NWE	B	0.45%
GILD	C	0.44%
EVRG	A	0.44%
GEL	D	0.44%
ETR	B	0.44%
BKH	A	0.43%
AVA	A	0.43%
HMN	B	0.42%
PINC	B	0.42%
SR	A	0.42%
LYB	F	0.41%
CVX	A	0.41%
PRU	A	0.4%
PNM	B	0.39%
XEL	A	0.39%
VTRS	A	0.39%
EXC	C	0.38%
CAG	F	0.38%
OGS	A	0.38%
KHC	F	0.38%
ES	C	0.37%
FLO	D	0.37%
WEC	A	0.37%
DVN	F	0.36%
POR	C	0.36%
PNC	B	0.36%
MSM	C	0.36%
DRI	B	0.36%
FE	C	0.35%
IBM	C	0.34%
IPG	D	0.34%
EIX	B	0.34%
DUK	C	0.34%
NJR	A	0.34%
SJM	D	0.33%
FAF	A	0.33%
SON	F	0.32%
NFG	A	0.32%
KMB	C	0.31%
MDT	D	0.31%
AEP	C	0.31%
GIS	D	0.3%
NMM	D	0.05%

MDIV Underweight 23 Positions Relative to BDCX

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: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance