RINC vs. BDCZ ETF Comparison

Comparison of AXS Real Estate Income ETF (RINC) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.83

Average Daily Volume

3,268

Number of Holdings *

10

* 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

$18.98

Average Daily Volume

2,678

Number of Holdings *

23

* may have additional holdings in another (foreign) market
Performance
Period RINC BDCZ
30 Days 4.12% 2.05%
60 Days 0.87% -2.34%
90 Days 9.96% -1.08%
12 Months 11.64% 14.49%
0 Overlapping Holdings
Symbol Grade Weight in RINC Weight in BDCZ Overlap
RINC Overweight 10 Positions Relative to BDCZ
Symbol Grade Weight
KREF B 5.42%
LADR C 4.7%
RWT B 4.65%
STWD B 4.59%
CIM B 4.56%
FBRT C 4.56%
MFA B 4.5%
ARI F 4.45%
BXMT C 4.36%
BRSP D 4.29%
RINC Underweight 23 Positions Relative to BDCZ
Symbol Grade Weight
ARCC B -17.86%
FSK A -11.43%
MAIN B -5.85%
PSEC C -5.48%
TSLX D -4.71%
GBDC C -4.5%
GSBD D -4.48%
HTGC D -4.42%
NMFC F -3.68%
OCSL F -3.54%
TCPC F -2.36%
CGBD D -2.28%
BCSF B -2.09%
SLRC D -2.05%
NEWT D -1.96%
CSWC C -1.82%
BBDC B -1.72%
GAIN D -1.69%
TPVG F -1.57%
PFLT B -1.45%
PNNT D -1.4%
FDUS C -1.28%
GLAD B -1.22%
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