BDCX vs. LITP ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to Sprott Lithium Miners ETF (LITP)

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

$33.71

Average Daily Volume

3,424

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

LITP

Sprott Lithium Miners ETF

LITP Description

The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The index generally consists of from 40 to 50 constituents. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$8.48

Average Daily Volume

9,780

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	BDCX	LITP
30 Days	-0.45%	-20.30%
60 Days	6.91%	-13.03%
90 Days	7.89%	-16.29%
12 Months	32.22%	-54.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in BDCX	Weight in LITP	Overlap

BDCX Overweight 23 Positions Relative to LITP

	Symbol	Grade	Weight
	ARCC	B	17.86%
	FSK	B	11.43%
	MAIN	B	5.85%
	PSEC	B	5.48%
	TSLX	B	4.71%
	GBDC	D	4.5%
	GSBD	C	4.48%
	HTGC	B	4.42%
	NMFC	D	3.68%
	OCSL	B	3.54%
	TCPC	B	2.36%
	CGBD	B	2.28%
	BCSF	B	2.09%
	SLRC	B	2.05%
	NEWT	C	1.96%
	CSWC	B	1.82%
	BBDC	B	1.72%
	GAIN	B	1.69%
	TPVG	C	1.57%
	PFLT	B	1.45%
	PNNT	B	1.4%
	FDUS	C	1.28%
	GLAD	A	1.22%

BDCX Underweight 3 Positions Relative to LITP

	Symbol	Grade	Weight
	ALB	F	-11.14%
	SQM	F	-10.25%
	ALTM	F	-4.16%

BDCX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Business Development Private Equity Mezzanine Capital Venture Capital Debt Refinancing Senior Debt Subordinated Debt Business Development Company Credit Loan Healthcare Service Second Lien Loan Aerospace Beverage Chemical Entrepreneurship Golub Capital Leveraged Buyout Venture Debt

LITP: Top Represented Industries & Keywords

Industries: Chemicals Industrial Metals & Minerals Specialty Chemicals

Keywords: Lithium Biocides Chloride Disinfectant Potassium Acid Amines Antioxidant Antioxidants Antiseptics Batteries Beef Bromine Catalysis Catalysts Chemical Chemical Elements Chemical Synthesis Consumer Electronics Crops