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PBDC ETF · Putnam BDC Income ETF
The PBDC Exchange Traded Fund (ETF) is provided by Putnam. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Financials1M perf.-6.34%
Last price
$26.57
1M perf.
-7.26%
1M flows
+€11M
AuM
€207M
E/R
13.49%
Rating
Not rated
ESG Consensus®
PBDC
$26.57
Performance & flows
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December 15, 2025 → March 13, 2026
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PBDC
$26.59
-13.36%
US Financials
-10.19%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -7.26%  | -13.36%  | -11.43% | +33.73% | N/A | -0.58% | -12.97% | -12.97% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$26.59
1D NAV change
+0.28%
Dividend policy
No. of holdings
19
Inception date
9/29/2022
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
Putnam BDC Income ETF – Seeks current income by investing mainly in exchange traded BDCs based in the U.S. and registered with the SEC. BDCs generally invest in, lend capital to or provide services to privately-held U.S. companies or thinly traded U.S. public companies.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -13.36% | -11.43% | +33.73% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
USA
75.71%
Unavailable
24.29%
Sectors
Financials
69.54%
Unavailable
30.46%
Diversification
Total weight of top 15 holdings out of 19
Top 15 holdings
Data as of January 31, 2026
ARES CAPITAL
MAIN STREET CAPITAL
OWL ROCK CAPITAL CORP
HERCULES CAPITAL INC
FS KKR CAPITAL CORP
US09261X1028
TRINITY CAPITAL
GOLUB CAPITAL BDC
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BARINGS BDC INC
CRESCENT CAPITAL BDC INC
BAIN CAPITAL SPECIALTY FINANCE INC
SLR INVESTMENT CORP
CAPITAL SOUTHWEST
RUNWAY GROWTH FINANCE
APOLLO INVESTMENT
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Putnam
Putnam ID Card
Number of funds
12
Total AuM
€7.77B
Expense ratio range
0.25% - 13.49%
Average expense ratio
1.6108%
Top 5 funds by Putnam
| AuM | ||
|---|---|---|
PVAL | Putnam Focused Large Cap Value ETF | €7.4B |
PBDC | Putnam BDC Income ETF | €207M |
PGRO | Putnam Focused Large Cap Growth ETF | €56M |
PULT | Putnam ESG Ultra Short ETF | €44M |
PEMX | Putnam Emerging Markets ex-China ETF | €15M |
Frequently asked questions about PBDC
What does Putnam BDC Income ETF, PBDC, invest in?
PBDC is a Active ETF. This ETF provides exposure to Other US Closed End Investments Equities.
What is the Total Expense ratio (TER) of PBDC?
PBDC carries a total expense ratio (TER) of 13.49%, indicating the annual cost for holding the fund.
When was PBDC launched?
PBDC was introduced to the market on September 29, 2022. It trades on United States
Who is the ETF issuer of PBDC?
Putnam BDC Income ETF, PBDC, is provided by Putnam. Learn more about Putnam here.
What is the current assets under management (AUM) of PBDC?
PBDC oversees €207M in assets as of March 13, 2026.
How has PBDC performed lately?
Based on data from March 13, 2026, PBDC returned -7.26% over the past month, -13.36% over the last three months and -12.97% year-to-date.
What are the latest inflows or outflows for PBDC?
As of March 13, 2026, PBDC recorded net flows of +€11M over the last month and +€18M year-to-date.
Does PBDC distribute dividends?
PBDC follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 12.12%.
What are the main country or region exposures of PBDC?
As of January 31, 2026, PBDC has significant geographic allocations in USA.
In which sector or theme does PBDC invest in?
As of January 31, 2026, PBDC focuses largely on Financials.
How many securities does PBDC hold and how diversified is it?
As of January 31, 2026, PBDC holds 19 positions in its portfolio, with 71.74% of assets concentrated in its top 15 holdings.
What are the main positions in PBDC?
As of January 31, 2026, PBDC top three holdings include ARES CAPITAL, MAIN STREET CAPITAL and OWL ROCK CAPITAL CORP.
What is the base currency of PBDC?
The base currency of PBDC is USD.
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