PBDC: Diversification, Income And Long-Term NAV Upside

  • Putnam BDC Income ETF offers a 9.4% yield and diversified exposure to top U.S. business development companies, mitigating individual BDC risks. The ETF's portfolio includes high-quality BDCs like Blue Owl, Ares Capital, and Blackstone Secured Lending, supporting both income and NAV growth. Compared to the larger VanEck BDC Income ETF, PBDC provides similar diversification with strong performance since inception and growing assets under management.