EFNL vs. PBDC ETF Comparison

Comparison of iShares MSCI Finland Capped ETF (EFNL) to Putnam BDC Income ETF (PBDC)

EFNL

iShares MSCI Finland Capped ETF

EFNL Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Finland IMI 25/50 Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a custom index designed to measure broad-based equity market performance in Finland. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.41

Average Daily Volume

9,375

Number of Holdings ^*

1

* 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

$34.10

Average Daily Volume

32,965

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	EFNL	PBDC
30 Days	4.18%	3.44%
60 Days	4.72%	7.09%
90 Days	3.76%	9.00%
12 Months	-1.18%	37.66%

0 Overlapping Holdings

	Symbol	Grade	Weight in EFNL	Weight in PBDC	Overlap

EFNL Overweight 1 Positions Relative to PBDC

	Symbol	Grade	Weight
	NOK	B	14.27%

EFNL Underweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	OBDC	A	-12.65%
	ARCC	A	-12.17%
	BXSL	A	-10.05%
	MAIN	A	-9.77%
	FSK	B	-7.22%
	HTGC	A	-6.83%
	GBDC	A	-5.62%
	TSLX	B	-5.48%
	MFIC	A	-4.54%
	BCSF	A	-4.12%

EFNL: Top Represented Industries & Keywords

Industries: Communication Equipment

Keywords: Application Developers Automobile Manufacturers Broadband Communications Infrastructure Computing Device Manufacturers Feature Phone Information Appliances Internet Service Provider Location Based Products Maps Mobile Communications Mobile Network Operator Mobile Network Operators Mobile Phone Network Operators Network Technology Operating System Smartphones Telecommunications Infrastructure

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