DTCR vs. PBDC ETF Comparison

Comparison of Global X Data Center & Digital Infrastructure ETF (DTCR) to Putnam BDC Income ETF (PBDC)

DTCR

Global X Data Center & Digital Infrastructure ETF

DTCR Description

DTCR invests in firms from both developed and emerging markets that derive bulk of their revenues in Data Center REITs and Digital Infrastructure. These firms are involved in the ownership, operation, and development of data centers and cellular towers. Also included are the digital infrastructure hardware firms that manufacture, design, or assemble the servers or other hardware for data centers and cellular towers. The underlying index uses an algorithm that ranks these firms according to the frequency of specific keywords and will primarily include real estate companies. The market cap-weighted index imposes the following constraints to limit concentration to larger caps: maximum weight of a data center/cellular tower company is 12.0%, server/hardware company at 2%, minimum weight of a company is at 0.3%, and aggregate weight of companies above 4.5% are capped at 45%, while the remaining are capped at 4.5%. The index undergoes semi-annual rebalance and reconstitution. Prior to April 1, 2024, the fund traded under the ticker VPN and has since removed REITs to its fund name.

Grade (RS Rating)

Last Trade

$15.06

Average Daily Volume

42,708

Number of Holdings ^*

7

* 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

$34.40

Average Daily Volume

29,537

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	DTCR	PBDC
30 Days	2.24%	0.41%
60 Days	4.29%	1.23%
90 Days	-3.31%	4.71%
12 Months	14.26%	27.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in DTCR	Weight in PBDC	Overlap

DTCR Overweight 7 Positions Relative to PBDC

	Symbol	Grade	Weight
	EQIX	D	11.18%
	AMT	C	11.14%
	CCI	D	10.84%
	DLR	B	9.49%
	SMCI	C	4.6%
	NVDA	C	3.94%
	GDS	B	3.76%

DTCR Underweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	OBDC	D	-12.84%
	ARCC	C	-12.09%
	BXSL	B	-10.37%
	MAIN	A	-9.62%
	FSK	B	-6.97%
	HTGC	A	-6.58%
	TSLX	B	-6.05%
	GBDC	D	-5.38%
	MFIC	C	-4.89%
	BCSF	A	-4.55%

DTCR: Top Represented Industries & Keywords

Industries: REIT - Diversified Computer Hardware Data Storage REIT - Office Semiconductors Telecom Services

Keywords: S&P 500 Computing Data Center Colocation Distributed Antenna System Information And Communications Technology Pcia The Wireless Infrastructure Association Real Estate Investment Trust Sba Communications Wireless Networking Analysis Services Antenna Systems Artificial Intelligence Banking Baseband Baseband Processor Cellular Telephone Cement Services Center Services Cloud Computing

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