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PBDC - ETF AI Analysis
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Putnam BDC Income ETF (PBDC)
Rating:71Outperform
Price Target:―
Positive Factors
Focused Sector Exposure
The ETF primarily invests in the financial sector, which can benefit from stable income generation and specialized expertise.
Consistent Asset Base
The fund has a significant amount of assets under management, indicating investor interest and stability.
High U.S. Exposure
With nearly all holdings based in the U.S., the ETF benefits from exposure to a mature and regulated market.
Negative Factors
High Expense Ratio
The ETF charges a very high expense ratio, which can significantly eat into investor returns over time.
Weak Performance
The fund has delivered negative returns across multiple timeframes, which may concern investors seeking growth.
Concentration in Financials
With over 98% of the portfolio in the financial sector, the ETF is highly exposed to risks specific to this industry.
PBDC vs. SPDR S&P 500 ETF (SPY)
AUM242.95M
RegionNorth America
Expense Ratio13.49%
Beta0.62
IssuerPutnam
Inception DateSep 29, 2022
Dividend Yield10.79%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume79,818
30 Day Avg. Volume127,592
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.97Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PBDC Summary
The Putnam BDC Income ETF (PBDC) is a fund that focuses on companies in the financial sector, specifically Business Development Companies (BDCs). These companies provide funding and advice to small and mid-sized businesses, making them important players in economic growth. Some well-known holdings in this ETF include Ares Capital and Blue Owl Capital. Investors might consider PBDC for its potential to generate income through dividends and its focus on financial growth opportunities. However, new investors should be aware that this ETF is heavily tied to the financial sector, meaning its performance can be impacted by changes in the economy or interest rates.
How much will it cost me?The Putnam BDC Income ETF (PBDC) has an expense ratio of 13.49%, which means you’ll pay $134.90 per year for every $1,000 invested. This is significantly higher than average because it is actively managed and focuses on a specialized niche in the financial sector, requiring more expertise and resources. While the cost is high, it reflects the fund's targeted approach and professional management.
What would affect this ETF?The Putnam BDC Income ETF (PBDC) could benefit from economic growth in the U.S., as Business Development Companies (BDCs) thrive when small and mid-sized businesses expand and seek capital. However, rising interest rates or tighter credit conditions could negatively impact BDCs by increasing borrowing costs and reducing demand for loans, potentially affecting the fund's income generation. Additionally, regulatory changes in the financial sector could influence the operations of top holdings like Ares Capital and Blue Owl Capital.
PBDC Top 10 Holdings
The Putnam BDC Income ETF is heavily concentrated in U.S.-based financials, with Business Development Companies (BDCs) driving its performance. Ares Capital and Hercules Capital are steady contributors, supported by strong earnings and strategic management, while Main Street Capital has shown mixed results, balancing dividend potential with bearish technical trends. On the weaker side, Blue Owl Capital and FS KKR Capital are dragging the fund, facing revenue declines and operational challenges. With nearly all its holdings in financials, this ETF offers a focused play on income generation but remains sensitive to sector-specific headwinds.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Ares Capital | 11.69% | $29.13M | $14.26B | -8.41% | 80 Outperform | |
| Blue Owl Capital | 7.83% | $19.52M | $6.41B | -18.93% | 69 Neutral | |
| Blackstone Secured Lending Fund | 7.33% | $18.26M | $6.22B | -18.45% | 74 Outperform | |
| Hercules Capital | 7.28% | $18.14M | $3.35B | -6.02% | 79 Outperform | |
| Main Street Capital | 7.18% | $17.90M | $5.28B | 3.44% | 75 Outperform | |
| Blue Owl Technology Finance Corp. | 6.84% | $17.04M | $6.60B | ― | ― | |
| FS KKR Capital | 5.81% | $14.48M | $4.05B | -33.16% | 58 Neutral | |
| Sixth Street Specialty Lending | 5.02% | $12.51M | $2.01B | 0.61% | 75 Outperform | |
| Trinity Capital | 4.03% | $10.04M | $1.15B | 2.74% | 76 Outperform | |
| Kayne Anderson BDC, Inc. | 3.67% | $9.14M | ― | -11.88% | 72 Outperform |
PBDC Technical Analysis
Negative
―
Price Trends
29.97
Negative
30.55
Negative
30.63
Negative
Market Momentum
0.07
Positive
40.10
Neutral
2.77
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PBDC, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 30.60, equal to the 50-day MA of 29.97, and equal to the 200-day MA of 30.63, indicating a bearish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 2.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PBDC.
PBDC Peer Comparison
Comparison Results
Performance Comparison
PBDC
Putnam BDC Income ETF
29.87
-1.22
-3.92%
PWRD
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IETC
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FEPI
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JPRE
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AIPI
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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