Two BDC specific ETNs also exist, having been launched by ETRACS back in 2011 and they are BDCL (ETRACS 2X Leveraged Long Wells Fargo Business Development Company Index ETN, Expense Ratio 0.85%) and BDCS (ETRACS Linked to the Wells Fargo Business Development Company Index 0.85%). BDCL has attracted more than $244 million in assets under management since inception while the unlevered BDCS has only a fraction of that in $66 million in AUM.
It is interesting to us that in the category, the leveraged product is the largest at the moment in terms of AUM, and all of these funds will likely continue to grow in size as it appears there is a decent amount of investment interest in this space.
Market Vectors BDC Income ETF
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