BDCX vs. HYIN ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to WisdomTree Alternative Income Fund (HYIN)

BDCX

ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN

BDCX Description

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

Grade (RS Rating)

Last Trade

$34.07

Average Daily Volume

3,508

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HYIN

WisdomTree Alternative Income Fund

HYIN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the ?Index?). Under normal circumstances, at least 80% of the fund?s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of registered closed-end investment companies and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.64

Average Daily Volume

6,792

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BDCX	HYIN
30 Days	5.79%	2.50%
60 Days	8.52%	1.00%
90 Days	13.31%	2.19%
12 Months	45.94%	18.09%

5 Overlapping Holdings

Symbol	Grade	Weight in BDCX	Weight in HYIN	Overlap
ARCC	A	17.86%	2.91%	2.91%
FSK	B	11.43%	2.96%	2.96%
GBDC	B	4.5%	3.02%	3.02%
HTGC	A	4.42%	3.05%	3.05%
MAIN	A	5.85%	3.1%	3.1%

BDCX Overweight 18 Positions Relative to HYIN

Symbol	Grade	Weight
PSEC	F	5.48%
TSLX	B	4.71%
GSBD	A	4.48%
NMFC	B	3.68%
OCSL	C	3.54%
TCPC	C	2.36%
CGBD	A	2.28%
BCSF	B	2.09%
SLRC	A	2.05%
NEWT	C	1.96%
CSWC	A	1.82%
BBDC	B	1.72%
GAIN	B	1.69%
TPVG	F	1.57%
PFLT	B	1.45%
PNNT	A	1.4%
FDUS	B	1.28%
GLAD	A	1.22%

BDCX Underweight 23 Positions Relative to HYIN

Symbol	Grade	Weight
MITT	B	-3.06%
RWT	C	-3.03%
BXSL	B	-2.99%
EFC	B	-2.91%
OXLC	A	-2.9%
VVR	A	-2.89%
GOF	A	-2.88%
PDI	A	-2.88%
JQC	A	-2.87%
LADR	B	-2.87%
ABR	B	-2.86%
JFR	A	-2.86%
ECC	A	-2.86%
HYT	A	-2.86%
PTY	D	-2.83%
CIM	F	-2.78%
AGNC	C	-2.77%
DSU	B	-2.75%
RC	D	-2.74%
STWD	C	-2.73%
CMTG	F	-2.68%
ARI	F	-2.56%
BXMT	D	-2.52%

BDCX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance