Summary
Putnam BDC Income ETF is an ETF - a fund traded on an exchange like a stock - run by Franklin Templeton. Positions inside: 30. The ten largest make up 72% of the fund.
- Yearly costs
- 11.77%
- Fund size
- $275.0M
- Positions
- 30
- Dividend yield
- 11.28%
- Running since
- 2022
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 72% of the fund, so its result rests on a few names.
- 100% of the fund is in one country (United States).
- Costs of 11.77% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 33% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +2.3%
- 3 months
- -7.8%
- This year
- -14%
- 1 year
- -13%
- 3 years
- -14%
- Avg. market cap
- $4.31B
- P/E
- 0.6x
- Forward P/E
- 9.1x
- P/S
- 0.4x
- P/B
- 0.0x
- P/FCF
- 3.8x
- EV/EBITDA
- -
- Dividend yield
- 13.11%
- ROIC
- -
- ROE
- 39.9%
- Gross margin
- -
- Operating margin
- 51.6%
- Net margin
- 227.0%
- Payout ratio
- 7.4%
- Net debt/EBITDA
- -
- Beta
- 0.30
Weighted average of the 22 largest companies, which make up 93% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ARAres Capital Corporation ARCC 12%
- 2 OBBlue Owl Capital Corporation OBDC 10%
- 3 OTBlue Owl Technology Finance Corp. OTF 9.4%
- 4 MAMain Street Capital Corporation MAIN 9.2%
- 5 HTHercules Capital, Inc. HTGC 8.4%
- 6 GBGolub Capital BDC, Inc. GBDC 5.3%
- 7 BXBlackstone Secured Lending Fund BXSL 4.9%
- 8 TRTrinity Capital Inc. TRIN 4.8%
- 9 TSSixth Street Specialty Lending, Inc. TSLX 4.0%
- 10 CSCapital Southwest Corporation CSWC 3.8%
Positions in the fund: 30. The ten largest make up 72% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One countryBy country
- United States 100%
By company size
- Large cap 13%
- Mid cap 49%
- Small cap 36%
- Micro cap 1.8%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 93% of the fund.
Largest country: United States (100%). Largest size group: Mid cap (49%).
What does it cost me?
Expensive- A year from $10,000
- $1,177
- Over 20 years
- $24,072
From every $10,000 invested the fund takes $1,177 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $24,072.
How has it done?
Losing value- A year on average, 3 years
- -5.0%
- Deepest drop
- -33%
- Yearly volatility
- 21%
Average yearly decline over the last three years: 5.0%. Deepest drop in these years: 33% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 11.28%
- Payments a year
- 3
- Last payment
- $0.73
Over the last 12 months it paid $2.97 per share, which is 11.28% of today's price. The last payment was $0.73 on Oct 6, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $2.60M
- Shares a day
- 99K
On an average day about $2.60M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 0.6
- Average Bulios Score
- 73 out of 100
Weight by Bulios Fair Price
- Undervalued 94%
- Fairly valued 0.0%
- Overvalued 5.6%
On average the companies inside trade for 0.6 times their yearly profit. By Fair Price, 94% of the rated weight comes out as undervalued.
Counted from its largest companies (22), which make up 93% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FB FBDC FT Confluence BDC & Specialty Finance Income ETF | United States | 0.95% | $38.2M | -12% | Pays out | 66% |
BI BIZD VanEck BDC Income ETF | United States | 9.69% | $1.49B | -12% | Pays out | 54% |
PE PEX ProShares Global Listed Private Equity ETF | United States | 2.75% | $10.6M | -9.3% | Pays out | 39% |
HY HYIN WisdomTree Private Credit & Alternative Income Fund | United States | 0.50% | $45.4M | -25% | Pays out | 32% |
VP VPC Virtus Private Credit Strategy ETF | United States | 10.60% | $27.2M | -23% | Pays out | 31% |
LB LBO WHITEWOLF Publicly Listed Private Equity ETF | United States | 6.53% | $6.55M | -11% | Pays out | 30% |