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About Putnam BDC Income ETF
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Inception date
Sep 29, 2022
Structure
Open-Ended Fund
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
Putnam Investment Management LLC
Distributor
Franklin Distributors LLC
PBDC seeks to provide current income by targeting a niche segment of the US equity market. The fund buys shares of BDCs, which in turn invest in developing or financially distressed firms. Typically, the fund seeks investments that contribute to the stability of dividend income and return potential. To select securities, the fund manager looks at credit performance and risk level, changes in earnings and dividend levels, interest rates, leverage, and balance sheet structures. The manager may also consider valuation, financial strength, growth potential, industry position, projected future earnings, cash flows and dividends, capital policies, and overall market conditions. Since the fund invests in BDCs, it may have significant exposure to the financial sector.
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
Stocks95.03%
Finance62.14%
Miscellaneous32.89%
Bonds, Cash & Other4.97%
Mutual fund4.91%
Cash0.06%
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
PBDC invests in stocks. The fund's major sectors are Finance, with 62.14% stocks, and Miscellaneous, with 32.89% of the basket. The assets are mostly located in the North America region.
PBDC top holdings are Blue Owl Capital Corporation and Blackstone Secured Lending Fund, occupying 12.12% and 10.02% of the portfolio correspondingly.
PBDC last dividends amounted to 0.79 USD. The quarter before, the issuer paid 0.79 USD in dividends, which shows a 0.19% increase.
PBDC assets under management is 216.65 M USD. It's risen 18.80% over the last month.
PBDC fund flows account for 141.06 M 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.
Yes, PBDC pays dividends to its holders with the dividend yield of 9.86%. The last dividend (Apr 17, 2025) amounted to 0.79 USD. The dividends are paid quarterly.
PBDC shares are issued by Franklin Resources, Inc. under the brand Putnam. The ETF was launched on Sep 29, 2022, and its management style is Active.
PBDC expense ratio is 13.94% meaning you'd have to pay 13.94% of your investment to help manage the fund.
PBDC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBDC invests in stocks.
PBDC price has risen by 5.95% over the last month, and its yearly performance shows a −5.31% decrease. See more dynamics on PBDC price chart.
NAV returns, another gauge of an ETF dynamics, showed a −8.47% decrease in three-month performance and has increased by 4.75% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −8.47% decrease in three-month performance and has increased by 4.75% in a year.
PBDC trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.