ATLASPutnam BDC Income ETF (PBDC): outlook, holdings and fees
Putnam BDC Income ETF (PBDC) is an exchange-traded fund and is managed by Franklin Templeton, Inc. The expense ratio is 6.98% and the yield is 11.65%. The ten largest holdings are 70% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PBDC
| Last price | $26.01 (-1.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $25.22 – $27.05 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 11.65% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PBDC fund facts
| Issuer | Franklin Templeton, Inc |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $269M |
| Expense ratio | 6.98% |
| Number of holdings | 24 |
| Portfolio turnover | 0% |
| Inception | Sep 29, 2022 |
| Exchange | NYSE |
The fund invests mainly in exchange-traded business development companies ("BDCs"). BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held U.S. companies or thinly traded U.S. public companies. The fund is non-diversified.
PBDC top holdings
| Holding | Sector | Weight |
|---|---|---|
| Ares Capital Corporation ARCC | Financial Services | 11.37% |
| Owl Rock Capital Corp ORCC | Financials | 9.60% |
| Blue Owl Technology Finance Corp. OTF | Financial Services | 9.52% |
| Hercules Capital, Inc. HTGC | Financial Services | 8.96% |
| Main Street Capital Corporation MAIN | Financial Services | 8.46% |
| Golub Capital BDC Inc GBDC | Financial Services | 5.07% |
| Trinity Capital Inc. TRIN | Financial Services | 4.91% |
| Blackstone Secured Lending Fund BXSL | Financial Services | 4.31% |
| Sixth Street Specialty Lending Inc TSLX | Financial Services | 4.21% |
| Capital Southwest Corporation CSWC | Financial Services | 3.89% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PBDC sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 100.0% |
By region: North America 100.0%.
PBDC returns and risk
| Year to date | -10.0% |
|---|---|
| 1 year | -5.5% |
| 3 years (annualised) | +4.4% |
| Volatility (3 years) | 14.0% |
| Sharpe ratio (3 years) | 0.09 |
Past returns do not guarantee future results.
PBDC: frequently asked questions
What does PBDC invest in?
Putnam BDC Income ETF invests in a portfolio of securities. Its largest holdings are Ares Capital Corporation (11.4%), Owl Rock Capital Corp (9.6%), Blue Owl Technology Finance Corp. (9.5%), Hercules Capital, Inc. (9.0%), Main Street Capital Corporation (8.5%).
What is the PBDC expense ratio?
6.98% a year: about $698.00 for every $10,000 invested.
What is the PBDC dividend yield?
11.65%. ATLAS does not hold the exact distribution dates for ETFs.
Will PBDC go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $25.22 to $27.05 from $26.01 today. It is a probability, not a prediction.
How has PBDC performed?
Year to date -10.0%, one year -5.5%, three years +4.4% a year. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer