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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Miscellaneous
Stocks95.59%
Finance55.80%
Miscellaneous39.79%
Bonds, Cash & Other4.41%
Mutual fund2.89%
Cash1.53%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FBDC invests in stocks. The fund's major sectors are Finance, with 55.80% stocks, and Miscellaneous, with 39.79% of the basket. The assets are mostly located in the North America region.
FBDC top holdings are Main Street Capital Corporation and Ares Capital Corporation, occupying 11.01% and 10.00% of the portfolio correspondingly.
FBDC assets under management is 61.18 M USD. It's risen 1.16% over the last month.
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.
No, FBDC doesn't pay dividends to its holders.
FBDC shares are issued by First Trust Advisors LP under the brand First Trust. The ETF was launched on Jun 30, 2025, and its management style is Active.
FBDC expense ratio is 13.69% meaning you'd have to pay 13.69% of your investment to help manage the fund.
FBDC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FBDC invests in stocks.
FBDC trades at a premium (0.44%) meaning the ETF is trading at a higher price than the calculated NAV.