Putnam BDC Income ETFPBDC
PBDC
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
27% more funds holding
Funds holding: 22 [Q2] → 28 (+6) [Q3]
4% more capital invested
Capital invested by funds: $29.9M [Q2] → $30.9M (+$1.06M) [Q3]
4.57% less ownership
Funds ownership: 33.16% [Q2] → 28.59% (-4.57%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PBDC.
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
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, Blue Owl Capital, and Main Street Capital, ensuring strong portfolio quality and consistent dividend payouts. Lower interest rates could challenge BDC growth, making diversified investments like Putnam BDC Income ETF preferable for risk mitigation and stable returns.
Positive
Seeking Alpha
1 month ago
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 it an attractive choice for income investors in a changing interest rate environment. The Fund's dividend is well supported by net investment income without the inclusion of realized gains, making it resilient in various market conditions.
Positive
Seeking Alpha
2 months ago
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 offers a diversified and conservative approach, making it a good choice for income investors seeking competitive yields with BDC exposures. Insiders, including GBDC's CEO, OBDC's executives, are actively buying shares, indicating confidence in the sector recovery and potential for growth.
Positive
Seeking Alpha
2 months ago
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 construct for BDC dividend-seeking investments. The sample portfolio, which is presented in the article, consists of three structural layers that are not that correlated and offer different risk and reward profiles.
Positive
Seeking Alpha
3 months ago
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 seem quite compelling right now.
Positive
Seeking Alpha
3 months ago
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 diversification for investors unwilling to cherry-pick individual BDCs, reducing single-security risk. PBDC's top holdings include high-quality BDCs like ARCC and OBDC, avoiding those with deteriorating credit metrics, except for improving FSK.
Positive
Seeking Alpha
5 months ago
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 includes high-quality BDCs like Ares Capital and Hercules Capital.
Positive
Seeking Alpha
5 months ago
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 outperform by strategically investing in BDCs with strong fundamentals and credit quality. The PBDC ETF provides exposure to a diversified portfolio of BDC investments with high-yield potential, but comes with risks of default and leverage.
Positive
Seeking Alpha
5 months ago
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 quality BDCs, leading to consistent price growth and stable income. While PBDC offers a reliable source of income, potential interest rate cuts and lack of supplemental distributions compared to individual BDCs present some uncertainties and drawbacks.
Positive
Zacks Investment Research
6 months ago
Top ETF Stories of May to Watch in June
Wall Street experienced a robust upswing last month, defying the famous adage "Sell in May". The rally was driven y strong corporate results, and the artificial intelligence craze.
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