BDCX vs. RMIF ETF Comparison

Comparison of ETRACS Quarterly Pay 1.5X Leveraged Wells Fargo BDC Index ETN (BDCX) to ETF Series Solutions LHA Risk-Managed Income ETF (RMIF)

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

$33.43

Average Daily Volume

3,586

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

RMIF

ETF Series Solutions LHA Risk-Managed Income ETF

RMIF Description

The fund is an actively-managed "fund of funds" and seeks to achieve its investment objective by investing primarily in other investment companies, including other actively managed exchange-traded funds ("ETFs") and index-based ETFs (collectively, "Underlying Investments"), that provide exposure to a broad range of fixed income asset classes. The fund may also invest in cash, cash equivalents, or money market funds.

Grade (RS Rating)

Last Trade

$25.01

Average Daily Volume

2,089

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	BDCX	RMIF
30 Days	4.27%	0.06%
60 Days	8.27%	0.52%
90 Days	9.76%	1.30%
12 Months	45.54%

0 Overlapping Holdings

	Symbol	Grade	Weight in BDCX	Weight in RMIF	Overlap

BDCX Overweight 23 Positions Relative to RMIF

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

BDCX Underweight 5 Positions Relative to RMIF

	Symbol	Grade	Weight
	BKLN	A	-20.39%
	SRLN	A	-20.36%
	SJNK	A	-20.09%
	FTSL	A	-19.47%
	SHYG	A	-18.86%

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

RMIF: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Indices High Yield Debt iBoxx Asset Backed Security Bank Loans Barclays Blackstone Bond Fund Bond Market Index Corporate Bond Debt Securities Exchange Traded Funds Index Fund Invesco Powershares Loan Mortgage Backed Security Rate Bank Loans