ETRACS MarketVector Business Develop Companies Liquid Index ETN
BDCZ is an exchange‑traded note (ETN) that seeks to track the MarketVector Business Development Companies Liquid Index, offering investors exposure to listed business development companies (BDCs). BDCs typically lend to or invest in small and mid‑sized private firms and can pay relatively high distributions; BDCZ provides a way to access that income profile through a single, tradable security. Investors should be aware this is an ETN — an unsecured obligation of the issuer — so returns depend both on the index performance and the issuer’s creditworthiness. The ETN can offer intraday liquidity and index‑level diversification across BDCs, but carries credit, market and interest‑rate risk, plus fees and tracking differences. It may suit income‑seeking investors who understand higher yield often comes with higher risk, but it is not a replacement for diversified fixed‑income or equity holdings. Past performance does not predict future returns.
Stock Performance Snapshot
Dividend
With a dividend yield of 10.49%, ETRACS BDCZ offers a substantial return for dividend-seeking investors. If you invested $1000 you would be paid $104.90 a year in dividends (based on the last 12 months).
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Baskets Featuring BDCZ
Banks in Private Credit
This carefully selected group of stocks captures the trillion-dollar shift as traditional banks enter the private lending arena. Our professional analysts have identified key Business Development Companies (BDCs) and specialized funds that stand to benefit from this growing financial trend.
Published: July 15, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Income via BDCs
BDCZ bundles listed business development companies that historically pay higher distributions, but higher yield often reflects higher credit and market risk.
ETN Issuer Risk
As an ETN, returns depend on the issuer’s creditworthiness as well as index performance — consider counterparty risk alongside market factors.
Single‑ticket Access
Offers diversified exposure to a BDC index in one traded note and intraday liquidity, though trading spreads and tracking differences can affect outcomes.
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6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
