BDCL - E-TRACS 2xLeveraged Long Wells Fargo Business Development Company ETN Profile
BDCL Tracks This Index: Wells Fargo Business Development Company Index (200%)
Description: The index is a float adjusted, capitalization-weighted Index that is intended to measure the performance of all Business Development Companies that are listed on the New York Stock Exchange or NASDAQ and satisfy specified market capitalization and other eligibility requirements. To qualify as a BDC, the company must be registered with the Securities and Exchange Commission and have elected to be regulated as a BDC under the Investment Company Act of 1940.
Description: The index is a float adjusted, capitalization-weighted Index that is intended to measure the performance of all Business Development Companies that are listed on the New York Stock Exchange or NASDAQ and satisfy specified market capitalization and other eligibility requirements. To qualify as a BDC, the company must be registered with the Securities and Exchange Commission and have elected to be regulated as a BDC under the Investment Company Act of 1940.
- Issuer: UBS
- Structure: ETN
- Expense Ratio: 0.85%
- ETFdb Category: Leveraged Equities
- ETF Home Page: BDCL
- Inception: 2011-05-25
- Tax Form: 1099
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