Putnam BDC Income ETF
PBDC

$33.77

0.38%

Market Cap: $108M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

367% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 3

12% less funds holding

Funds holding: 25 [Q1] → 22 (-3) [Q2]

19% less capital invested

Capital invested by funds: $36.8M [Q1] → $29.9M (-$6.92M) [Q2]

21.05% less ownership

Funds ownership: 54.21% [Q1] → 33.16% (-21.05%) [Q2]

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for PBDC.

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Financial journalist opinion

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.

PBDC: Active BDC ETF, Strong 9.5% Dividend Yield And Performance Track-Record

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.

PBDC: Diversified Entry Into The 9%-Yielding BDC Universe

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.

PBDC: A Compelling Diversified BDC ETF Paying 9.3%

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.

PBDC: A Unique Income Play

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.

PBDC: There Are Both Pros And Cons To A BDC ETF

Zacks Investment Research

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.

Top ETF Stories of May to Watch in June

Zacks Investment Research

BDC Income ETF Hit a 52-Week High

For investors seeking momentum, Putnam BDC Income ETF PBDC is probably on the radar. The fund just hit a 52-week high and is up 21.3% from its 52-week low price of $28.77/share.

BDC Income ETF Hit a 52-Week High

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 demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

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 characteristics to these. Both are similar to each other, and both are buys, but do have some important differences that investors need to consider.

PBDC Vs. BIZD: Which BDC ETF Is Best For Income Investors And Retirees?

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 the ability to be pro-active in the fund's asset allocation. PBDC has outperformed the VanEck BDC Income fund since its inception on Sept. 29, 2022, and offers a current 9.8% yield paid quarterly.

Gaining BDC Exposure: Initiating Buy On The PBDC ETF

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