Putnam BDC Income ETF (PBDC)
| Assets | $194.16M |
| Expense Ratio | 13.94% |
| PE Ratio | 10.12 |
| Shares Out | 5.55M |
| Dividend (ttm) | $3.20 |
| Dividend Yield | 9.12% |
| Ex-Dividend Date | Dec 27, 2024 |
| Payout Ratio | 92.04% |
| 1-Year Return | +6.10% |
| Volume | 44,114 |
| Open | 35.18 |
| Previous Close | 35.02 |
| Day's Range | 35.03 - 35.16 |
| 52-Week Low | 30.76 |
| 52-Week High | 36.86 |
| Beta | 0.68 |
| Holdings | 24 |
| Inception Date | Sep 29, 2022 |
About PBDC
Fund Home PageThe 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.
Top 10 Holdings
71.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Blue Owl Capital Corporation | OBDC | 13.25% |
| Blackstone Secured Lending Fund | BXSL | 9.47% |
| Ares Capital Corporation | ARCC | 9.37% |
| Golub Capital BDC, Inc. | GBDC | 7.88% |
| Main Street Capital Corporation | MAIN | 7.71% |
| Hercules Capital, Inc. | HTGC | 5.41% |
| FS KKR Capital Corp. | FSK | 5.19% |
| Sixth Street Specialty Lending, Inc. | TSLX | 5.07% |
| MidCap Financial Investment Corporation | MFIC | 4.39% |
| Crescent Capital BDC, Inc. | CCAP | 3.79% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.7896 | Dec 31, 2024 |
| Oct 4, 2024 | $0.8571 | Oct 18, 2024 |
| Jul 5, 2024 | $0.7864 | Jul 18, 2024 |
| Apr 4, 2024 | $0.7645 | Apr 18, 2024 |
| Dec 26, 2023 | $0.8526 | Dec 29, 2023 |
| Oct 5, 2023 | $0.7846 | Oct 18, 2023 |
News
2 Income ETFs To Ride Out The Current Market Decline
Dividends provide stability and psychological benefits during market declines, helping investors avoid panic selling and irrational decisions. Janus Henderson AAA CLO ETF offers a 6.1% dividend yield ...
PBDC On The Chopping Block: The BDC Bonds Are Still Better
The PBDC ETF is scrutinized for its holdings in the BDC sector, with a focus on risk-adjusted returns compared to BDC bonds. Despite a recent sector sell-off, BDC common equity remains overvalued, mak...
Investors Are Turning Defensive: 2 ETFs To Consider For What Could Be Coming
Despite my preference for individual stocks, I've added Schwab's U.S. Large-Cap Growth ETF to address my portfolio's lack of tech sector exposure. With inflation creeping up and potential tariffs on t...
PBDC: Recent Developments Are Encouraging, Still A Buy In Spite Of Cuts
PBDC is an actively managed BDC ETF. It sports a growing 9.1% dividend yield and has outperformed the S&P 500 since inception and in the recent past. Federal Reserve cuts are a headwind, but medium-te...
My BDC Portfolio To Beat The Index And Generate Durable Income
In this article I have elaborated on my actual BDC portfolio. The objective of this portfolio is to beat the BDC-specific indices/ETFs and capture durable base dividends. The portfolio is optimized ac...
Why BDCs Is My Favorite Sector To Invest For Durable Income
The BDC segment is my favorite area to invest for high and durable income. In fact, my highest-conviction investment is a BDC. In this article, I discuss several structural reasons why, in my view, BD...
PBDC: Investigating The Source Of Outperformance
Putnam BDC Income ETF outperformed VanEck BDC Income ETF in 2023 and 2024, driven by strategic stock selection and active management. PBDC's success stems from avoiding underperformers and leveraging ...
PBDC: An Active BDC ETF Worth Considering
The Federal Reserve's decision to maintain high interest rates benefits business development companies with floating rate loans, making them attractive investment opportunities. PBDC is an actively ma...
PBDC: A Diversified BDC Choice
The Putnam BDC Income ETF offers a 9.4% dividend yield and diversification, mitigating stock-specific risks for passive income investors in the BDC sector. The ETF includes top BDCs like Ares Capital,...
PBDC Eliminates The Unwanted Fluff
Putnam BDC Income ETF outperforms peers like BIZD by focusing on high-quality BDCs like ARCC, BXSL, and MAIN, offering a balanced approach to dividend sustainability and growth. PBDC's 9% yield makes ...
PBDC: Right BDC Income Play
The macroeconomic environment may become favorable for mid-sized companies, which BDCs typically target, suggesting a potential turnaround for BDC investments. PBDC is an actively managed BDC ETF and ...
Invest In All Weather BDC Dividend Portfolio
The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a constr...
PBDC: Active BDC ETF, Strong 9.5% Dividend Yield And Performance Track-Record
PBDC is an actively-managed BDC ETF. The fund sports a strong 9.5% dividend yield and has performed quite well since inception. Prices have yet to recover from the small drawdown in August, so these s...
PBDC: Diversified Entry Into The 9%-Yielding BDC Universe
PBDC offers exposure to 21 BDCs with a 9.6% forward dividend yield, focusing on large-cap, well-performing BDCs to de-risk investments. Despite concentration risks, Putnam BDC Income ETF provides dive...
PBDC: A Compelling Diversified BDC ETF Paying 9.3%
PBDC is an ETF focusing on the business development company sector. Offers passive income investors exposure to diversified BDCs with high dividends. PBDC has a short performance track record but incl...
PBDC: A Unique Income Play
Business development companies, or BDCs, offer income opportunities in a higher-interest-rate environment with less operating constraints than commercial banks. Putnam BDC Income ETF aims to outperfor...
PBDC: There Are Both Pros And Cons To A BDC ETF
PBDC is a new actively managed BDC Income ETF with a focus on stable income generation. The fund has exposure to BDCs that prioritize senior secured first-lien debt investments and excludes lower qual...
Investors' Choice: Roller Coaster Or Merry-Go-Round?
Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demo...
PBDC Vs. BIZD: Which BDC ETF Is Best For Income Investors And Retirees?
BDCs offer investors strong, growing dividend yields. Performance has been good since inception, strong since the Fed started raising rates. PBDC and BIZD both focus on BDCs, and have similar characte...
Gaining BDC Exposure: Initiating Buy On The PBDC ETF
Putnam BDC Income ETF is recommended for exposure to the business development company (BDC) sector. PBDC is a small and relatively new ETF managed by Michael Petro, offering BDC diversification and th...
PBDC: 'Keeping It Simple' With Our BDC Investments
BDCs are one of our favorite vehicles for investing in the credit asset class. But there are so many good ones to choose from; takes a lot of monitoring and due diligence. Glad to see the still relati...
Putnam Investments Launches Fixed Income and Non-U.S. Equity Exchange-Traded Funds
BOSTON--(BUSINESS WIRE)--Putnam Investments today announced that it has officially launched five new transparent, actively managed exchange-traded funds (ETFs) that begin trading today on the New Yo...
Putnam Investments to Launch Two Innovative Active ETFs
BOSTON--(BUSINESS WIRE)--On Friday, September 30, Putnam Investments will begin to offer two new transparent, actively managed, equity exchange-traded funds (ETFs). The firm will be launching Putnam B...