RMIF vs. PBDC ETF Comparison

Comparison of LHA Risk-Managed Income ETF (RMIF) to Putnam BDC Income ETF (PBDC)

RMIF

LHA Risk-Managed Income ETF

RMIF Description

The fund is an actively-managed "fund of funds" and seeks to achieve its investment objective by investing primarily in other investment companies, including other actively managed exchange-traded funds ("ETFs") and index-based ETFs (collectively, "Underlying Investments"), that provide exposure to a broad range of fixed income asset classes. The fund may also invest in cash, cash equivalents, or money market funds.

Grade (RS Rating)

Last Trade

$25.42

Average Daily Volume

2,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$34.19

Average Daily Volume

40,039

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RMIF	PBDC
30 Days	0.93%	1.79%
60 Days	1.24%	1.15%
90 Days	2.22%	3.23%
12 Months	8.06%	17.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in RMIF	Weight in PBDC	Overlap

RMIF Overweight 4 Positions Relative to PBDC

Symbol	Grade	Weight
BKLN	A	20.26%
SJNK	A	20.15%
SRLN	A	20.09%
FTSL	B	19.39%

RMIF Underweight 15 Positions Relative to PBDC

Symbol	Grade	Weight
ARCC	A	-12.06%
BXSL	A	-10.26%
MAIN	A	-9.38%
HTGC	D	-6.84%
FSK	A	-6.36%
GBDC	C	-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%

RMIF: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Asset Backed Security Bank Loans Barclays Blackstone Bond Bond Market Index Bond Market Indices Debt Securities Exchange Traded Funds High Yield Debt Index Fund Invesco Powershares Loan Mortgage Backed Security State Street Global Advisors Structured Finance iBoxx

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance