Putnam BDC Income ETF (PBDC)

Assets	$281.09M
Expense Ratio	13.49%
PE Ratio	10.03
Shares Out	9.78M
Dividend (ttm)	$3.15
Dividend Yield	10.89%
Ex-Dividend Date	Apr 7, 2026
Payout Frequency	Quarterly
Payout Ratio	109.24%

Volume	84,683
Open	28.79
Previous Close	28.79
Day's Range	28.29 - 28.89
52-Week Low	26.22
52-Week High	35.18
Beta	0.61
Holdings	24
Inception Date	Sep 29, 2022

About PBDC

Fund Home Page

The Putnam BDC Income ETF (PBDC) is an exchange-traded fund that mostly invests in financials equity. The fund is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies. PBDC was launched on Sep 29, 2022 and is issued by Putnam.

• Asset Class: Equity
• Category: Financial
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: PBDC
• ETF Provider: Putnam

Top 10 Holdings

70.51% of assets

Name	Symbol	Weight
Ares Capital Corporation	ARCC	11.70%
Blue Owl Technology Finance Corp.	OTF	10.66%
Blue Owl Capital Corporation	OBDC	7.82%
Golub Capital BDC, Inc.	GBDC	7.50%
Hercules Capital, Inc.	HTGC	7.10%
Main Street Capital Corporation	MAIN	6.71%
FS KKR Capital Corp.	FSK	5.21%
Trinity Capital Inc.	TRIN	4.67%
Sixth Street Specialty Lending, Inc.	TSLX	4.64%
Blackstone Secured Lending Fund	BXSL	4.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 7, 2026	$0.71273	Apr 14, 2026
Dec 19, 2025	$0.8251	Dec 31, 2025
Oct 6, 2025	$0.82046	Oct 17, 2025
Jul 7, 2025	$0.7868	Jul 18, 2025
Apr 4, 2025	$0.7911	Apr 17, 2025
Dec 27, 2024	$0.7896	Dec 31, 2024

Performance

PBDC had a total return of 0.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.71%.