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ETFs

Putnam BDC Income ETF

PBDC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2022
Expense Ratio
10.61%
Type
US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$270,001
AUM
$40,716,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

OBDC
Blue Owl Capital Corp
14.16%
BXSL
Blackstone Secured Lending Fund.
11.31%
MAIN
Main Street Capital Corporation
8.66%
ARCC
Ares Capital Corp
7.85%
HTGC
Hercules Capital Inc
6.34%
GBDC
Golub Capital BDC Inc
6.19%
FSK
FS KKR Capital Corp
5.43%
TSLX
Sixth Street Specialty Lending Inc
5.23%
MFIC
MidCap Financial Investment Corporation
4.87%
RWAY
Runway Growth Finance Corp
4.34%
Invest with PBDC

What is PBDC?

This ETF invests in business development companies (BDCs), which historically have generated an attractive level of income. Most BDCs hold a portfolio of loans to small and midsize companies and distribute most of the income they earn to investors.

ETFs related toPBDC

ETFs correlated to PBDC include BIZD, KBWD, MORT

PBDC
Putnam ETF Trust - Putnam BDC Income ETF
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
REM
BlackRock Institutional Trust Company N.A. - iShares Mortgage Real Estate ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPBDC

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PBDC using Composer

FAQ

PBDC is a US Equities ETF. This ETF invests in business development companies (BDCs), which historically have generated an attractive level of income. Most BDCs hold a portfolio of loans to small and midsize companies and distribute most of the income they earn to investors.

Yes, PBDC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PBDC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PBDC is 0.0315%. This is the percent change in the value of PBDC over the most recent 1-month period. The 3-month return on PBDC is 0.111%. This is the percent change in the value of PBDC over the most recent 3-month period.

ETFs similar to PBDC include XLI, XLY, and XLV.

ETFs correlated to PBDC include BIZD, KBWD, and MORT.

ETFs that are inversely correlated to PBDC include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.