FT Confluence BDC & Specialty Finance Income ETF (FBDC)

Assets	$34.76M
Expense Ratio	12.44%
PE Ratio	10.92
Shares Out	1.96M
Dividend (ttm)	$2.95
Dividend Yield	16.29%
Ex-Dividend Date	Apr 21, 2026
Payout Frequency	Monthly
Payout Ratio	177.91%

Volume	7,447
Open	17.73
Previous Close	17.59
Day's Range	17.73 - 18.12
52-Week Low	16.32
52-Week High	22.35
Beta	0.95
Holdings	21
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

76.65% of assets

Name	Symbol	Weight
Main Street Capital Corporation	MAIN	11.62%
Ares Capital Corporation	ARCC	9.99%
Hercules Capital, Inc.	HTGC	9.96%
Golub Capital BDC, Inc.	GBDC	9.35%
Sixth Street Specialty Lending, Inc.	TSLX	8.37%
Blackstone Secured Lending Fund	BXSL	7.82%
Blue Owl Capital Corporation	OBDC	5.48%
Barings BDC, Inc.	BBDC	5.03%
New Mountain Finance Corporation	NMFC	4.61%
Capital Southwest Corporation	CSWC	4.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 21, 2026	$0.175	Apr 30, 2026
Mar 26, 2026	$0.175	Mar 31, 2026
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

Performance

FBDC had a total return of 7.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.45%.