First Trust Exchange-Traded Fund VIII FT Confluence BDC & Specialty Finance Income ETF
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About First Trust Exchange-Traded Fund VIII FT Confluence BDC & Specialty Finance Income ETF
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Inception date
Jun 30, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FBDC seeks high current income and total returns through an actively managed portfolio of US-listed equity securities issued by business development companies (BDCs) and other specialty finance companies. BDCs are a type of specialty finance company whose principal business is to lend capital to small- and mid-sized private companies that may not have access to public equity markets. Specialty finance companies are entities that provide non-traditional financing options such as asset-based lending. To construct the portfolio, the sub-adviser evaluates each firms capability, resources, management teams, capital allocations, and risks associated with each firms primary business as well as risks systemic to the broader sector. BDCs and other categories of specialty finance companies typically pass income and gains through to their investors without being taxed at the entity level. On June 30, 2025, the fund converted from a closed-end fund, starting with $60.5 million in assets.
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Classification
What's in the fund
Exposure type
Finance
Miscellaneous
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FBDC trades at 4.25 USD today, its price has risen 0.83% in the past 24 hours. Track more dynamics on FBDC price chart.
FBDC net asset value is 4.29 today — it's risen 2.02% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FBDC assets under management is 61.18 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FBDC fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FBDC invests in stocks. See more details in our Analysis section.
FBDC expense ratio is 13.69%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FBDC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, FBDC doesn't pay dividends to its holders.
FBDC trades at a premium (0.44%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FBDC shares are issued by First Trust Advisors LP
FBDC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 30, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.