BIZD vs. PBDC ETF Comparison

Comparison of Market Vectors BDC Income ETF (BIZD) to Putnam BDC Income ETF (PBDC)

BIZD

Market Vectors BDC Income ETF

BIZD Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The BDC Index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

Grade (RS Rating)

Last Trade

$16.65

Average Daily Volume

622,194

Number of Holdings ^*

22

* may have additional holdings in another (foreign) market

PBDC

Putnam BDC Income ETF

PBDC Description

Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.92

Average Daily Volume

33,028

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BIZD	PBDC
30 Days	2.08%	3.30%
60 Days	5.32%	7.13%
90 Days	5.90%	8.43%
12 Months	27.64%	33.69%

8 Overlapping Holdings

	Symbol	Grade	Weight in BIZD	Weight in PBDC	Overlap
	ARCC	A	19.62%	12.17%	12.17%
	BCSF	A	1.36%	4.12%	1.36%
	BXSL	A	4.69%	10.05%	4.69%
	FSK	A	12.5%	7.22%	7.22%
	GBDC	A	4.72%	5.62%	4.72%
	HTGC	A	4.53%	6.83%	4.53%
	MAIN	A	4.64%	9.77%	4.64%
	TSLX	A	3.73%	5.48%	3.73%

BIZD Overweight 14 Positions Relative to PBDC

	Symbol	Grade	Weight
	PSEC	D	3.57%
	GSBD	A	3.04%
	NMFC	A	2.09%
	CSWC	A	2.08%
	TCPC	C	1.65%
	BBDC	A	1.64%
	CGBD	A	1.62%
	SLRC	A	1.34%
	TRIN	A	1.3%
	PFLT	B	1.27%
	CION	A	1.17%
	FDUS	A	1.17%
	GAIN	A	0.97%
	TPVG	D	0.68%

BIZD Underweight 2 Positions Relative to PBDC

	Symbol	Grade	Weight
	OBDC	A	-12.65%
	MFIC	A	-4.54%

BIZD: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Business Development Private Equity Mezzanine Capital Venture Capital Business Development Company Loan Credit Debt Refinancing Senior Debt Second Lien Loan Subordinated Debt Aerospace Beverage Chemical Entrepreneurship Golub Capital Healthcare Service Leveraged Buyout Venture Debt

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Internet Software & Services Specialty Finance

Keywords: Private Equity Venture Capital Business Development Business Development Company Mezzanine Capital Credit Loan Refinancing U.S. Securities And Exchange Commission Debt Debt Financing Golub Capital Leveraged Buyout Pharmaceutical Second Lien Loan Subordinated Debt Venture Debt Advanced Materials Aerospace Bankruptcy