(PBDC) Putnam Trust - Putnam BDC - Overview

ETF Category: Financial | Exchange: NYSE ARCA (USA) | Market Cap: 271m USD | Total Return: -9.1% in 12m

Business Development Companies, Private Loans, Corporate Debt
Total Rating 31
Safety 35
Buy Signal -0.64
Financial
Category Rotation: +0.2
TER: 6.79%
AUM: 271M
Avg Turnover: 2.75M
Risk 3d forecast
Volatility17.1%
VaR 5th Pctl3.24%
VaR vs Median5.48%
Reward TTM
Sharpe Ratio-0.62
Rel. Str. IBD20.8
Rel. Str. Peer Group8.8
Character TTM
Beta0.681
Beta Downside0.798
Hurst Exponent0.411
Drawdowns 3y
Max DD20.47%
CAGR/Max DD0.45
CAGR/Mean DD1.89

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: PBDC Putnam Trust - Putnam BDC

The Putnam BDC Income ETF (PBDC) is an actively managed exchange-traded fund that invests primarily in Business Development Companies (BDCs). These specialized financial vehicles provide debt, equity, and managerial assistance to small-to-mid-sized private U.S. firms or thinly traded public entities that may lack access to traditional bank financing.

BDCs are legally required to distribute at least 90% of their taxable income to shareholders annually to maintain their tax-advantaged status. This structure often results in higher yield potential compared to standard equity investments, as the underlying BDC portfolios typically consist of floating-rate loans that benefit from higher interest rate environments. Investors can evaluate how these distribution requirements affect long-term performance by reviewing historical data on ValueRay.

As a non-diversified fund, PBDC may concentrate its assets in a smaller number of individual BDC issuers. This strategy allows the fund to target high-conviction holdings within the private credit and middle-market lending sectors while providing liquid access to traditionally illiquid private equity-style investments.

Headlines to Watch Out For
  • Federal Reserve interest rate decisions impact BDC floating rate loan margins
  • Middle-market corporate default rates drive net asset value fluctuations
  • Dividend yield spreads relative to Treasury bonds influence investor demand
  • Private credit market competition affects underlying BDC portfolio yields
  • Regulatory changes to BDC leverage limits impact fund performance potential
What is the price of PBDC shares?

As of May 23, 2026, the stock is trading at USD 27.06 with a total of 74,262 shares traded.
Over the past week, the price has changed by -2.26%, over one month by -4.70%, over three months by -0.09% and over the past year by -9.10%.

Is PBDC a buy, sell or hold?

Putnam Trust - Putnam BDC has no consensus analysts rating.