FT Confluence BDC & Specialty Finance Income ETF (FBDC)

Assets	$33.87M
Expense Ratio	12.44%
PE Ratio	11.85
Shares Out	2.01M
Dividend (ttm)	$2.63
Dividend Yield	15.42%
Ex-Dividend Date	May 21, 2026
Payout Frequency	Monthly
Payout Ratio	182.67%

Volume	4,721
Open	17.15
Previous Close	16.98
Day's Range	17.02 - 17.15
52-Week Low	16.32
52-Week High	22.35
Beta	0.92
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

79.22% of assets

Name	Symbol	Weight
Main Street Capital Corporation	MAIN	11.62%
Ares Capital Corporation	ARCC	10.67%
Hercules Capital, Inc.	HTGC	10.39%
Golub Capital BDC, Inc.	GBDC	9.61%
Blackstone Secured Lending Fund	BXSL	8.20%
Sixth Street Specialty Lending, Inc.	TSLX	7.97%
Blue Owl Capital Corporation	OBDC	6.59%
Barings BDC, Inc.	BBDC	5.00%
Capital Southwest Corporation	CSWC	4.62%
New Mountain Finance Corporation	NMFC	4.55%

Dividend History

Ex-Dividend	Amount	Pay Date
May 21, 2026	$0.175	May 29, 2026
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

Performance

FBDC had a total return of -5.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.17%.