PBDC vs. AMID ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to Argent Mid Cap ETF (AMID)

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

$33.58

Average Daily Volume

38,924

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$35.79

Average Daily Volume

7,746

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PBDC	AMID
30 Days	-0.36%	-0.94%
60 Days	-0.33%	2.40%
90 Days	2.04%	5.42%
12 Months	16.55%	32.81%

0 Overlapping Holdings

	Symbol	Grade	Weight in PBDC	Weight in AMID	Overlap

PBDC Overweight 16 Positions Relative to AMID

Symbol	Grade	Weight
ARCC	A	11.8%
BXSL	B	9.79%
MAIN	A	9.75%
HTGC	D	6.8%
FSK	A	6.35%
TSLX	D	6.0%
GBDC	A	4.95%
BCSF	A	4.52%
CCAP	A	4.24%
CION	D	3.82%
CSWC	D	3.48%
BBDC	A	2.83%
NMFC	D	2.4%
TRIN	A	2.26%
FDUS	A	2.04%
CGBD	D	1.05%

PBDC Underweight 37 Positions Relative to AMID

Symbol	Grade	Weight
CTAS	B	-3.66%
FICO	A	-3.52%
CPRT	A	-3.43%
BLDR	D	-3.36%
CDW	F	-3.18%
HLI	A	-3.16%
FTNT	A	-2.93%
DHI	D	-2.9%
CBZ	B	-2.89%
VCTR	B	-2.83%
IT	B	-2.82%
MEDP	D	-2.81%
BAH	D	-2.76%
LPLA	A	-2.75%
HCA	D	-2.54%
MUSA	A	-2.51%
BLD	F	-2.47%
URI	B	-2.36%
OMF	A	-2.35%
A	D	-2.25%
ADUS	D	-2.19%
GDDY	A	-2.13%
AFG	A	-2.13%
SCI	B	-2.08%
CG	B	-2.08%
ICFI	F	-2.08%
TPX	A	-1.94%
AME	A	-1.91%
CHDN	C	-1.61%
LNG	A	-1.6%
ENTG	F	-1.6%
MOH	F	-1.58%
TTEK	D	-1.53%
ABG	A	-1.52%
PATK	C	-1.29%
AX	A	-1.09%
EXPO	D	-1.03%

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance