PBDC
Putnam BDC Income ETF·ARCA
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Key Stats
Assets Under Management
243.53MUSD
Fund Flows (1Y)
112.22MUSD
Dividend Yield
13.97%
Discount/Premium to NAV
0.14%
Shares Outstanding
8.47M
Expense Ratio
13.49%
About Putnam BDC Income ETF
Issuer
Putnam Investment Management, LLC
Brand
Putnam
Inception Date
Sep 29, 2022
Structure
Open-Ended Fund
Index Tracked
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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
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
Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Asset Management & Custody Banks
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -6.69% | -5.40% | -6.24% | -19.87% | -2.01% | +13.83% |
NAV Total Return | -6.70% | -2.11% | -5.39% | -9.84% | +33.38% | +0.71% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Financial Services
100.00%
Financial Services
100.00%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
ARCC
Ares Capital
11.78%
OTF
Blue Owl
10.32%
MAIN
Main Street Capital
7.54%
OBDC
Blue Owl Capital
7.52%
HTGC
Hercules Capital
6.95%
FSK
FS KKR Capital
6.10%
BXSL
Blackstone Secured
5.74%
GBDC
Golub Capital BDC
5.45%
TSLX
Sixth Street Specialty Lending
4.85%
TRIN
Trinity Capital
4.33%
Top 10 Weight 70.58%
29 Total Holdings
Is SPY better than PBDC?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-19 | 2025-12-19 | 2025-12-31 | 0.825 |
| 2025-10-06 | 2025-10-06 | 2025-10-17 | 0.820 |
| 2025-07-07 | 2025-07-07 | 2025-07-18 | 0.787 |
| 2025-04-04 | 2025-04-04 | 2025-04-17 | 0.791 |
| 2024-12-27 | 2024-12-27 | 2024-12-31 | 0.790 |
| 2024-10-04 | 2024-10-04 | 2024-10-18 | 0.857 |
| 2024-07-05 | 2024-07-05 | 2024-07-18 | 0.786 |
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How Much Does PBDC Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy PBDC?
Fund Flows
