PBDC vs. CEFD ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)
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

$34.83

Average Daily Volume

32,523

Number of Holdings *

10

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

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD Description The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.

Grade (RS Rating)

Last Trade

$19.32

Average Daily Volume

2,337

Number of Holdings *

100

* may have additional holdings in another (foreign) market
Performance
Period PBDC CEFD
30 Days 1.99% 4.69%
60 Days 6.00% 0.11%
90 Days 10.00% 1.64%
12 Months 30.14% 16.98%
0 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in CEFD Overlap
PBDC Overweight 10 Positions Relative to CEFD
Symbol Grade Weight
OBDC A 12.78%
ARCC A 11.78%
BXSL D 10.73%
MAIN C 10.01%
HTGC A 6.92%
FSK A 6.68%
TSLX A 5.76%
GBDC C 5.48%
MFIC B 4.48%
BCSF C 3.92%
PBDC Underweight 100 Positions Relative to CEFD
Symbol Grade Weight
EVV A -2.63%
BDJ A -2.39%
HYT B -2.19%
BTZ B -2.16%
NXDT F -1.9%
AWF B -1.83%
DSL B -1.77%
JQC A -1.66%
BXMX A -1.65%
EMD B -1.5%
WIW A -1.37%
BHK C -1.3%
QQQX A -1.26%
BOE A -1.23%
BCX A -1.2%
HIO D -1.19%
JPC A -1.18%
RA C -1.17%
GHY A -1.16%
BGY A -1.09%
CII A -1.07%
HIX C -1.01%
BIT D -1.01%
EOS A -1.0%
IGD A -0.98%
EFT B -0.95%
FSD A -0.95%
HTD B -0.94%
BST A -0.92%
BLW B -0.92%
EAD B -0.9%
ISD A -0.88%
LDP A -0.84%
FFC B -0.83%
EFR A -0.82%
FRA A -0.82%
TEI C -0.75%
PHK C -0.75%
EOI A -0.73%
MIN C -0.71%
EHI B -0.71%
NBB B -0.71%
MCR B -0.7%
PDT B -0.69%
DIAX C -0.69%
PPT C -0.67%
WIA B -0.66%
MMT A -0.64%
GOF A -0.64%
JPI A -0.63%
BKT C -0.62%
PFN B -0.59%
JGH C -0.59%
FCT B -0.58%
ERC C -0.57%
HPS B -0.55%
HYI D -0.55%
DFP B -0.55%
BME C -0.54%
BGT C -0.49%
HPI B -0.47%
PHD B -0.44%
BGH A -0.44%
FTF A -0.43%
GBAB C -0.42%
HYB A -0.39%
EVG A -0.38%
IDE A -0.38%
DHF B -0.38%
PHT C -0.38%
TSI C -0.37%
ETB A -0.37%
FT B -0.37%
STK B -0.37%
DHY A -0.36%
HPF B -0.36%
MSD B -0.34%
INSI D -0.34%
FFA A -0.32%
DBL C -0.31%
GDO A -0.31%
PSF B -0.31%
VBF A -0.3%
BGR B -0.3%
PIM B -0.3%
PFL A -0.29%
IGA B -0.29%
OPP A -0.29%
SPXX A -0.27%
FLC A -0.24%
MCN C -0.24%
CIK B -0.24%
WEA B -0.22%
FAM B -0.21%
VLT A -0.19%
MGF D -0.19%
VGI B -0.18%
HEQ A -0.18%
GNT A -0.14%
JLS C -0.14%
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