BDCZ – UBS ETRACS Wells Fargo® Busn Dev Co ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide exposure to the performance of the Wells Fargo® Business Development Company Index. The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refers to the business development companies included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BDCZ	UBS ETRACS Wells Fargo® Business Development Company Index ETN	ETF	Open	—	—	Oct 9, 2015	$11.09M	0.850%	—	—	−$3.80M

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