ETRACS 2xMonthly Leveraged Wells Fargo Diversified Business Development Company Index ETN Series B
BDCY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- Oct 25, 2019
- Similar Companies
- Business
- ETRACS 2xMonthly Leveraged Wells Fargo Diversified Business Development Company Index ETN Series B (BDCY) is a senior unsecured debt security issued by UBS AG that provides two times (2x) leveraged long exposure to the compounded monthly performance of the Wells Fargo Diversified Business Development Company Index; the underlying index measures the performance of diversified business development companies (BDCs) listed on NYSE, NYSE MKT, or NASDAQ that meet specified market capitalization and eligibility criteria. BDCY trades on NYSE Arca under the ticker BDCY with CUSIP 90269A112 and has a scheduled maturity date of October 21, 2049. The ETN targets investors seeking amplified returns from the BDC sector, which focuses on financing middle-market companies through debt and equity investments, and is part of UBS AG's broader ETRACS exchange-traded note (ETN) product suite offering leveraged and income-oriented strategies across various asset classes. UBS AG, headquartered in Zurich, Switzerland, and founded in 1912 through the merger of Bank in Winterthur and Toggenburger Bank, serves as the issuer and sole obligor for BDCY and operates globally across more than 50 markets, with significant presence in the Americas, Switzerland, Europe, the Middle East, Africa, and Asia Pacific; the firm manages over $5.7 trillion in invested assets following its 2023 acquisition of Credit Suisse AG. ETRACS ETNs, including BDCY, are designed for trading through brokers on major U.S. exchanges like NYSE Arca and NASDAQ, providing exposure without direct ownership of underlying index components. In a significant operational change, UBS AG announced the mandatory redemption of all outstanding BDCY securities on November 3, 2020, with a Call Settlement Date of December 10, 2020, based on a one-business-day measurement period ending December 7, 2020; UBS suspended further sales from inventory and waived the minimum early redemption size of 50,000 ETNs to facilitate holder redemptions. Post-redemption, BDCY is no longer actively traded or available for new purchases, though residual listings may appear on certain platforms; this action aligned with UBS's portfolio management of underperforming or low-liquidity ETRACS Series B ETNs, similar to contemporaneous redemptions of other products like LMLB. No major partnerships, funding rounds, new launches, or expansions specific to BDCY have occurred since its initial offering around 2019.