BDCX – ETRACS Qrtly Py 1.5X Lvgd Wls Fg BDC ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the Wells Fargo Business Development Company Index (the “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”), NYSE AMEX or The Nasdaq Stock Market, Inc. (“NASDAQ”) that satisfy specified market capitalization and other eligibility requirements. It is a proprietary index of Wells Fargo Securities, LLC.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BDCX	ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN	ETF	Open	—	—	Jun 2, 2020	$6.82M	—	—	—	−$115,549.00

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