NYSE ARCA | ETF
The investment seeks to replicate, net of expenses, 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 |
|---|---|---|---|---|
| ARCC | Ares Capital Corporation | Financial Services | Asset Management | 10.63% |
| ORCC | Owl Rock Capital Corp | Financials | Investment Banking & Investment Services | 9.74% |
| FSKR | FS KKR Capital Corp. II | Financial Services | Asset Management | 9.35% |
| GBDC | Golub Capital BDC Inc | Financial Services | Asset Management | 7.70% |
| FSK | FS KKR Capital Corp | Financial Services | Asset Management | 6.72% |
| MAIN | Main Street Capital Corporation | Financial Services | Asset Management | 6.71% |
| PSEC | Prospect Capital Corporation | Financial Services | Asset Management | 5.15% |
| HTGC | Hercules Capital Inc | Financial Services | Asset Management | 4.86% |
| TSLX | Sixth Street Specialty Lending Inc | Financial Services | Asset Management | 4.22% |
| NMFC | New Mountain Finance Corporation | Financial Services | Asset Management | 3.08% |
| SLRC | SLR Investment Corp | Financial Services | Asset Management | 2.40% |
| TCPC | BlackRock TCP Capital Corp | Financial Services | Asset Management | 2.21% |
| OCSL | Oaktree Specialty Lending Corp | Financial Services | Credit Services | 2.15% |
| AINV | Apollo Investment Corp | Financial | Capital Markets | 2.07% |
| GSBD | Goldman Sachs BDC Inc | Financial Services | Asset Management | 2.03% |
| BCSF | Bain Capital Specialty Finance Inc | Financial Services | Asset Management | 2.02% |
| CGBD | Carlyle Secured Lending Inc | Financial Services | Asset Management | 1.81% |
| CCAP | Crescent Capital BDC Inc | Financial Services | Asset Management | 1.35% |
| NEWT | Newtek Business Services Corp | Financial Services | Banks - Regional | 1.29% |
| TPVG | Triplepoint Venture Growth BDC Corp | Financial Services | Asset Management | 1.28% |