Symbols

FBDC

FT Confluence BDC & Specialty Finance Income ETF·ARCA

--(--)

Key Stats

Assets Under Management

36.57MUSD

Fund Flows (1Y)

-18.20MUSD

Dividend Yield

10.59%

Discount/Premium to NAV

-0.06%

Shares Outstanding

2.01M

Expense Ratio

13.69%

About FT Confluence BDC & Specialty Finance Income ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FBDC

Inception Date

May 25, 2007

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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 a high level of current income. As a secondary objective, the Fund seeks an attractive total return. FBDC will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of securities of business development companies ("BDCs") and other specialty finance companies that Confluence Investment Management LLC, the Fund's investment sub-advisor (the "Sub-Advisor"), believes offer attractive opportunities for income and capital appreciation.