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ETFs

Putnam BDC Income ETF

PBDC
$--
Today’s Change
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Snapshot
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Inception Date
Sep 29 2022
Expense Ratio
10.61%
Type
US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$118,740
AUM
$26,793,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ORCC
Owl Rock Capital Corp
14.51%
BXSL
Blackstone Secured Lending Fund.
12.64%
ARCC
Ares Capital Corp
10.13%
GBDC
Golub Capital BDC Inc
8.70%
FSK
FS KKR Capital Corp
6.15%
MAIN
Main Street Capital Corporation
5.63%
HTGC
Hercules Capital Inc
4.86%
CION
CION Invt Corp
4.77%
TSLX
Sixth Street Specialty Lending Inc
4.63%
RWAY
Runway Growth Finance Corp
4.51%
Invest with PBDC

What is PBDC?

This ETF invests in business development companies (BDCs), which historically have generated an attractive level of income. Most BDCs hold a portfolio of loans to small and midsize companies and distribute most of the income they earn to investors.

ETFs related toPBDC

ETFs correlated to PBDC include BIZD, VPC, KBWD

PBDC
Putnam ETF Trust - Putnam BDC Income ETF
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
VPC
ETFis Series Trust I - Virtus Private Credit Strategy ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
NUMV
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Value ETF
ICAP
Series Portfolios Trust - InfraCap Equity Income Fund ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PBDC is a US Equities ETF. This ETF invests in business development companies (BDCs), which historically have generated an attractive level of income. Most BDCs hold a portfolio of loans to small and midsize companies and distribute most of the income they earn to investors.

Yes, PBDC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PBDC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PBDC is -0.0789%. This is the percent change in the value of PBDC over the most recent 1-month period. The 3-month return on PBDC is -0.0113%. This is the percent change in the value of PBDC over the most recent 3-month period.

ETFs similar to PBDC include XLY, XLI, and XLE.

ETFs correlated to PBDC include BIZD, VPC, and KBWD.

ETFs that are inversely correlated to PBDC include SEF, SKF, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.