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About ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN
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Inception date
Jun 2, 2020
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
ISIN
US90269A2603
BDCX tracks a tiered-weighted index consisting of 25 BDCs covering 85%-90% of the free-float market-cap. These companies are grouped as large-weights (largest 5-10) and small-weights (all other companies). The index assigns different minimum-weights to the companies: 5% to large-weights compared to 4.5% for the small-weights. The return on the note is linked to the performance of the price return of the index. Unlike most levered funds, that resets daily, BDCX offers 1.5x exposure over quarterly periods. Over periods spanning more than the quarterly reset dates, returns can vary significantly from its promised 1.5x exposure. Investors will come closest to 1.5x exposure by buying near but after the quarterly reset date. BDCX is designed as a short-term trading tool and not a long-term investment vehicle. Prior to July 30, 2021, the fund tracked the Wells Fargo Business Development Company Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BDCX last dividends amounted to 1.12 USD. The quarter before, the issuer paid 1.10 USD in dividends, which shows a 1.68% increase.
BDCX assets under management is 6.97 M USD. It's risen 7.55% over the last month.
BDCX fund flows account for −2.93 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BDCX pays dividends to its holders with the dividend yield of 19.86%. The last dividend (Oct 21, 2025) amounted to 1.12 USD. The dividends are paid quarterly.
BDCX shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Jun 2, 2020, and its management style is Passive.
BDCX expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
BDCX follows the MarketVector US Business Development Companies Liquid Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BDCX price has risen by 5.33% over the last month, and its yearly performance shows a −24.51% decrease. See more dynamics on BDCX price chart.
NAV returns, another gauge of an ETF dynamics, showed a −11.61% decrease in three-month performance and has decreased by −8.82% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −11.61% decrease in three-month performance and has decreased by −8.82% in a year.
BDCX trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.