PBDC vs. RINC ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to AXS Real Estate Income ETF (RINC)
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

$33.81

Average Daily Volume

39,882

Number of Holdings *

15

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

AXS Real Estate Income ETF

RINC Description The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.15

Average Daily Volume

4,011

Number of Holdings *

16

* may have additional holdings in another (foreign) market
Performance
Period PBDC RINC
30 Days 0.21% 0.43%
60 Days 0.12% -5.95%
90 Days 2.08% -3.27%
12 Months 16.48% 5.35%
0 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in RINC Overlap
PBDC Overweight 15 Positions Relative to RINC
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 16 Positions Relative to RINC
Symbol Grade Weight
BRSP C -5.17%
TRTX C -4.91%
LADR B -4.72%
ABR C -4.68%
FBRT D -4.67%
ARI C -4.6%
STWD C -4.56%
BXMT C -4.37%
KREF C -4.34%
RC D -4.32%
EFC C -4.19%
RWT D -4.1%
CMTG F -4.09%
DX B -3.85%
AGNC C -3.55%
PMT C -3.54%
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