PBDC vs. PPA ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to PowerShares Aerospace & Defense (PPA)
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

$34.06

Average Daily Volume

39,882

Number of Holdings *

15

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

PowerShares Aerospace & Defense

PPA Description The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE™ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$120.80

Average Daily Volume

185,461

Number of Holdings *

48

* may have additional holdings in another (foreign) market
Performance
Period PBDC PPA
30 Days 0.21% 1.92%
60 Days 0.12% 5.31%
90 Days 2.08% 7.32%
12 Months 16.48% 38.04%
0 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in PPA Overlap
PBDC Overweight 15 Positions Relative to PPA
Symbol Grade Weight
ARCC A 12.06%
BXSL A 10.26%
MAIN A 9.38%
HTGC D 6.84%
FSK A 6.36%
GBDC D 5.9%
TSLX C 5.18%
BCSF C 4.21%
CCAP A 4.11%
CION C 3.63%
CSWC D 3.44%
BBDC A 2.68%
TRIN A 2.47%
NMFC D 2.32%
FDUS A 2.01%
PBDC Underweight 48 Positions Relative to PPA
Symbol Grade Weight
RTX D -7.09%
GE D -6.71%
LMT D -6.64%
BA F -6.23%
NOC D -5.36%
GD D -4.93%
HON C -4.88%
HWM A -4.44%
AXON A -4.43%
PH A -4.28%
LHX C -4.07%
TDG D -3.35%
ETN A -3.16%
PLTR B -2.72%
LDOS C -2.05%
BAH F -1.92%
APH A -1.91%
HEI A -1.83%
TXT D -1.74%
CW C -1.37%
BWXT B -1.36%
CACI D -1.26%
HII F -1.07%
WWD C -0.92%
TDY B -0.91%
KBR F -0.88%
AVAV C -0.84%
ATI C -0.81%
SAIC F -0.71%
HXL F -0.66%
MOG.A B -0.66%
KEYS A -0.62%
PSN D -0.61%
KTOS B -0.56%
RKLB A -0.56%
SPR D -0.51%
AIR B -0.35%
MRCY C -0.35%
OSK C -0.29%
OSIS A -0.27%
TGI B -0.2%
B A -0.19%
IRDM D -0.17%
CDRE F -0.16%
TTMI C -0.16%
DCO C -0.14%
AI B -0.13%
VSAT F -0.1%
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