FT Confluence BDC & Specialty Finance Income ETF (FBDC)

Assets	$32.94M
Expense Ratio	13.69%
PE Ratio	9.78
Shares Out	1.96M
Dividend (ttm)	$2.60
Dividend Yield	15.50%
Ex-Dividend Date	Feb 20, 2026
Payout Frequency	Monthly
Payout Ratio	151.58%

Volume	13,007
Open	17.11
Previous Close	17.40
Day's Range	16.77 - 17.11
52-Week Low	16.77
52-Week High	22.50
Beta	1.00
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

76.86% of assets

Name	Symbol	Weight
Main Street Capital Corporation	MAIN	12.71%
Ares Capital Corporation	ARCC	10.45%
Hercules Capital, Inc.	HTGC	10.03%
Golub Capital BDC, Inc.	GBDC	8.69%
Sixth Street Specialty Lending, Inc.	TSLX	8.15%
Blackstone Secured Lending Fund	BXSL	8.08%
Blue Owl Capital Corporation	OBDC	5.77%
Barings BDC, Inc.	BBDC	5.02%
New Mountain Finance Corporation	NMFC	4.30%
FS KKR Capital Corp.	FSK	3.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Feb 20, 2026	$0.175	Feb 27, 2026
Jan 21, 2026	$0.175	Jan 30, 2026
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

Performance

FBDC had a total return of -13.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.95%.