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About ETRACS MarketVector Business Development Companies Liquid Index ETN
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Inception date
Oct 8, 2015
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%
Primary advisor
UBS Switzerland AG
Distributor
UBS Securities LLC
ISIN
US90274D4161
BDCZ covers a somewhat obscure pocket of the global funding market: business development companies. The note launched on Oct. 9, 2015 as a B Series companion to BDCS, providing more capacity for identical exposure. The ETN's reference index tracks the top 85% of the free-float universe or at least 25 companies that act as venture capital firms but that are typically structured as publicly traded closed-end funds. These firms generally invest in small or financially troubled firms directly via equity positions or indirectly through loans. Selected 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. 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
BDCZ last dividends amounted to 0.45 USD. The quarter before, the issuer paid 0.44 USD in dividends, which shows a 0.52% increase.
BDCZ assets under management is 14.63 M USD. It's fallen 2.10% over the last month.
BDCZ fund flows account for −3.18 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, BDCZ pays dividends to its holders with the dividend yield of 10.93%. The last dividend (Oct 21, 2025) amounted to 0.45 USD. The dividends are paid quarterly.
BDCZ shares are issued by UBS Group AG under the brand ETRACS. The ETF was launched on Oct 8, 2015, and its management style is Passive.
BDCZ expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
BDCZ 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.
BDCZ price has fallen by −1.64% over the last month, and its yearly performance shows a −12.59% decrease. See more dynamics on BDCZ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −5.90% decrease in three-month performance and has decreased by −2.81% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −5.90% decrease in three-month performance and has decreased by −2.81% in a year.
BDCZ trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.