PBDC vs. BDCZ ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
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

$33.78

Average Daily Volume

40,499

Number of Holdings *

15

* may have additional holdings in another (foreign) market
BDCZ

ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041

BDCZ Description The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.

Grade (RS Rating)

Last Trade

$18.87

Average Daily Volume

1,885

Number of Holdings *

23

* may have additional holdings in another (foreign) market
Performance
Period PBDC BDCZ
30 Days -0.38% -1.25%
60 Days 0.18% 1.63%
90 Days 2.52% 3.65%
12 Months 16.33% 12.77%
11 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in BDCZ Overlap
ARCC A 12.06% 17.86% 12.06%
BBDC A 2.68% 1.72% 1.72%
BCSF C 4.21% 2.09% 2.09%
CSWC D 3.44% 1.82% 1.82%
FDUS A 2.01% 1.28% 1.28%
FSK A 6.36% 11.43% 6.36%
GBDC B 5.9% 4.5% 4.5%
HTGC D 6.84% 4.42% 4.42%
MAIN A 9.38% 5.85% 5.85%
NMFC D 2.32% 3.68% 2.32%
TSLX C 5.18% 4.71% 4.71%
PBDC Overweight 4 Positions Relative to BDCZ
Symbol Grade Weight
BXSL A 10.26%
CCAP A 4.11%
CION D 3.63%
TRIN A 2.47%
PBDC Underweight 12 Positions Relative to BDCZ
Symbol Grade Weight
PSEC D -5.48%
GSBD F -4.48%
OCSL F -3.54%
TCPC C -2.36%
CGBD C -2.28%
SLRC A -2.05%
NEWT B -1.96%
GAIN B -1.69%
TPVG C -1.57%
PFLT D -1.45%
PNNT B -1.4%
GLAD B -1.22%
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