NYSE ARCA | ETF
The investment seeks to replicate, net of expenses, twice the performance of the Wells Fargo Business Development Company Index.
The index is a float adjusted, capitalization-weighted index that is intended to measure the performance of all Business Development Companies (?BDC?) that are listed on the New York Stock Exchange or NASDAQ and satisfy specified market capitalization and other eligibility requirements.
The BDC business model is to lend to small and midsized companies at high yield equivalent rates while also at times taking equity stakes in such companies.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| ACAS | American Capital Ltd | Other | Other | 10.25% |
| ARCC | Ares Capital Corporation | Financial Services | Asset Management | 10.17% |
| SUNS_old | SLR Senior Investment Corp | Financial | Capital Markets | 9.85% |
| AINV | Apollo Investment Corp | Financial | Capital Markets | 9.28% |
| MFIN | Medallion Financial Corp | Financial Services | Credit Services | 6.30% |
| BKCC | BlackRock Kelso Capital Corporation | Financial Services | Asset Management | 5.48% |
| SLRC | SLR Investment Corp | Financial Services | Asset Management | 4.51% |
| HTGC | Hercules Capital Inc | Financial Services | Asset Management | 3.96% |
| MCC | PhenixFIN Corporation | Financial Services | Asset Management | 3.90% |
| MCGC | MCG Capital Corp | Other | Other | 3.16% |
| CSWC | Capital Southwest Corporation | Financial Services | Asset Management | 2.69% |
| PNNT | PennantPark Investment Corporation | Financial Services | Asset Management | 2.66% |
| GLAD | Gladstone Capital Corporation | Financial Services | Asset Management | 1.95% |
| GBDC | Golub Capital BDC Inc | Financial Services | Asset Management | 1.63% |
| PSEC | Prospect Capital Corporation | Financial Services | Asset Management | 1.60% |
| GAIN | Gladstone Investment Corporation | Financial Services | Asset Management | 1.57% |
| MVC | MVC Capital Inc | Financial Services | Asset Management | 1.51% |
| TCRD | THL Credit Inc | Financial Services | Asset Management | 1.34% |
| MAIN | Main Street Capital Corporation | Financial Services | Asset Management | 1.23% |
| HRZN | Horizon Technology Finance | Financial Services | Asset Management | 1.18% |