Blue Owl Capital Corp

Main Street Capital

Bain Capital Specialty Finance Inc

Morgan Stanley Direct Lending Fund

Capital Southwest

Trinity Capital

Runway Growth Finance Corp

Putnam BDC Income ETF

PBDC is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies.

The Putnam BDC Income ETF offers a 9.4% dividend yield and diversification, mitigating stock-specific risks for passive income investors in the BDC sector. The ETF includes top BDCs like Ares Capital, Blue Owl Capital, and Main Street Capital, ensuring strong portfolio quality and consistent dividend payouts. Lower interest rates could challenge BDC growth, making diversified investments like Putnam BDC Income ETF preferable for risk mitigation and stable returns.

PBDC: A Diversified BDC Choice

Putnam BDC Income ETF outperforms peers like BIZD by focusing on high-quality BDCs like ARCC, BXSL, and MAIN, offering a balanced approach to dividend sustainability and growth. PBDC's 9% yield makes it an attractive choice for income investors in a changing interest rate environment. The Fund's dividend is well supported by net investment income without the inclusion of realized gains, making it resilient in various market conditions.

PBDC Eliminates The Unwanted Fluff

The macroeconomic environment may become favorable for mid-sized companies, which BDCs typically target, suggesting a potential turnaround for BDC investments. PBDC is an actively managed BDC ETF and offers a diversified and conservative approach, making it a good choice for income investors seeking competitive yields with BDC exposures. Insiders, including GBDC's CEO, OBDC's executives, are actively buying shares, indicating confidence in the sector recovery and potential for growth.

PBDC: Right BDC Income Play

VanEck Vectors BDC Income ETF

Blackstone Secured Lending Fund

CION Investment Corp

Fidus Investment

FS KKR Capital Corp

Golub Capital BDC

Hercules Capital

PennantPark Floating Rate Capital

The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a construct for BDC dividend-seeking investments. The sample portfolio, which is presented in the article, consists of three structural layers that are not that correlated and offer different risk and reward profiles.

Invest In All Weather BDC Dividend Portfolio

PBDC is an actively-managed BDC ETF. The fund sports a strong 9.5% dividend yield and has performed quite well since inception. Prices have yet to recover from the small drawdown in August, so these seem quite compelling right now.

PBDC: Active BDC ETF, Strong 9.5% Dividend Yield And Performance Track-Record

PBDC offers exposure to 21 BDCs with a 9.6% forward dividend yield, focusing on large-cap, well-performing BDCs to de-risk investments. Despite concentration risks, Putnam BDC Income ETF provides diversification for investors unwilling to cherry-pick individual BDCs, reducing single-security risk. PBDC's top holdings include high-quality BDCs like ARCC and OBDC, avoiding those with deteriorating credit metrics, except for improving FSK.

PBDC: Diversified Entry Into The 9%-Yielding BDC Universe

PBDC is an ETF focusing on the business development company sector. Offers passive income investors exposure to diversified BDCs with high dividends. PBDC has a short performance track record but includes high-quality BDCs like Ares Capital and Hercules Capital.

PBDC: A Compelling Diversified BDC ETF Paying 9.3%

Business development companies, or BDCs, offer income opportunities in a higher-interest-rate environment with less operating constraints than commercial banks. Putnam BDC Income ETF aims to outperform by strategically investing in BDCs with strong fundamentals and credit quality. The PBDC ETF provides exposure to a diversified portfolio of BDC investments with high-yield potential, but comes with risks of default and leverage.

PBDC: A Unique Income Play

PBDC is a new actively managed BDC Income ETF with a focus on stable income generation. The fund has exposure to BDCs that prioritize senior secured first-lien debt investments and excludes lower quality BDCs, leading to consistent price growth and stable income. While PBDC offers a reliable source of income, potential interest rate cuts and lack of supplemental distributions compared to individual BDCs present some uncertainties and drawbacks.

PBDC: There Are Both Pros And Cons To A BDC ETF

Avantis International Small Cap Value ETF

Proshares S&P Kensho Cleantech ETF

iShares Floating Rate Bond ETF

Global X Hydrogen ETF

Aberdeen Standard Physical Silver Shares ETF

Invesco PHLX Semiconductor ETF

Invesco S&P SmallCap Momentum ETF

Wall Street experienced a robust upswing last month, defying the famous adage "Sell in May". The rally was driven y strong corporate results, and the artificial intelligence craze.

BDC Income ETF Hit a 52-Week High

Ares Capital

BlackRock Floating Rate Income Trust

Eaton Vance Enhanced Equity Income Fund

Barings Corporate Investors

Virtus AllianzGI Equity & Convertible Income Fund

SPDR S&P 500 ETF Trust

Cushing MLP & Infrastructure Total Return Fund

Invesco Senior Income Trust

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

BDCs offer investors strong, growing dividend yields. Performance has been good since inception, strong since the Fed started raising rates. PBDC and BIZD both focus on BDCs, and have similar characteristics to these. Both are similar to each other, and both are buys, but do have some important differences that investors need to consider.

PBDC Vs. BIZD: Which BDC ETF Is Best For Income Investors And Retirees?

Putnam BDC Income ETF is recommended for exposure to the business development company (BDC) sector. PBDC is a small and relatively new ETF managed by Michael Petro, offering BDC diversification and the ability to be pro-active in the fund's asset allocation. PBDC has outperformed the VanEck BDC Income fund since its inception on Sept. 29, 2022, and offers a current 9.8% yield paid quarterly.

Gaining BDC Exposure: Initiating Buy On The PBDC ETF

BDCs are one of our favorite vehicles for investing in the credit asset class. But there are so many good ones to choose from; takes a lot of monitoring and due diligence. Glad to see the still relatively new, actively-managed Putnam BDC ETF doing well; beating the much larger ETF BIZD, which is more or an index approach.

PBDC: 'Keeping It Simple' With Our BDC Investments

Putnam ESG Core Bond ETF

Putnam Sustainable Future ETF

Putnam Focused Large Cap Growth ETF

Putnam ESG High Yield ETF

Putnam Sustainable Leaders ETF

Putnam PanAgora ESG Emerging Markets Equity ETF

Putnam PanAgora ESG International Equity ETF

Putnam ESG Ultra Short ETF

Putnam Focused Large Cap Value ETF

Putnam BioRevolution ETF

BOSTON--( BUSINESS WIRE )--Putnam Investments today announced that it has officially launched five new transparent, actively managed exchange-traded funds (ETFs) that begin trading today on the New York Stock Exchange.

Putnam Investments Launches Fixed Income and Non-U.S. Equity Exchange-Traded Funds

Putnam Investments announced that on Friday, September 30, it will launch two new transparent, actively managed, equity exchange traded funds: the Putnam BDC Income ETF (NYSE Arca: PBDC), concentrating on business development companies (BDCs), and the Putnam BioRevolution ETF (NYSE Arca: SYNB), centered on companies operating at the intersection of technology and biology in the “biology revolution.

Putnam Launches 2 Active ETFs Targeting BDCs and Biotechnology

BOSTON--(BUSINESS WIRE)--On Friday, September 30, Putnam Investments will begin to offer two new transparent, actively managed, equity exchange-traded funds (ETFs). The firm will be launching Putnam BDC Income ETF, concentrating in business development companies (BDCs), and Putnam BioRevolutionTM ETF, centered on companies operating at the intersection of technology and biology in the “biology revolution.” One important milestone of the upcoming launch is that the Putnam BDC Income ETF will rep

News for Putnam BDC Income ETF ETF (PBDC)