FT Confluence BDC & Specialty Finance Income ETF (FBDC)

Assets	$38.59M
Expense Ratio	13.69%
PE Ratio	10.45
Shares Out	2.01M
Dividend (ttm)	$2.05
Dividend Yield	10.58%
Ex-Dividend Date	Dec 12, 2025
Payout Frequency	Monthly
Payout Ratio	111.16%

Volume	21,758
Open	19.31
Previous Close	19.27
Day's Range	19.31 - 19.43
52-Week Low	16.95
52-Week High	23.20
Beta	0.98
Holdings	22
Inception Date	Mar 20, 2007

About FBDC

Fund Home Page

The FT Confluence BDC & Specialty Finance Income ETF (FBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed fund that invests in US-listed equity securities of business development companies (BDCs) and other specialty finance companies the sub-adviser believes offer attractive opportunities for income and capital appreciation. FBDC was launched on Mar 20, 2007 and is issued by First Trust.

• Asset Class: Equity
• Category: Financial
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: FBDC
• ETF Provider: First Trust

Top 10 Holdings

77.89% of assets

Name	Symbol	Weight
Main Street Capital Corporation	MAIN	11.88%
Hercules Capital, Inc.	HTGC	11.07%
Ares Capital Corporation	ARCC	9.94%
Sixth Street Specialty Lending, Inc.	TSLX	8.81%
Golub Capital BDC, Inc.	GBDC	8.71%
Blackstone Secured Lending Fund	BXSL	8.15%
Blue Owl Capital Corporation	OBDC	5.67%
Barings BDC, Inc.	BBDC	4.68%
New Mountain Finance Corporation	NMFC	4.64%
FS KKR Capital Corp.	FSK	4.34%

Dividends

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$0.175	Dec 31, 2025
Nov 21, 2025	$0.175	Dec 1, 2025
Oct 21, 2025	$0.175	Oct 31, 2025
Sep 25, 2025	$0.175	Sep 30, 2025
Aug 21, 2025	$0.175	Aug 29, 2025
Jul 22, 2025	$0.175	Jul 31, 2025

Performance

FBDC had a total return of -0.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.46%.