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Putnam BDC Income ETF (PBDC)

$25.63

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Key data on PBDC

AUM

$271037250

P/E ratio

12

Dividend yield

11.3314%

Expense ratio

11.77%

Beta

0.550552

Price on PBDC

Previous close

$25.48

Today's open

$25.49

Day's range

$25.40 - $25.63

52 week range

$24.64 - $32.25

Profile about PBDC

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Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

PBDC industries and sectors

Industries

Financial

News on PBDC

Investor Interest in U.S. Equity ETFs Slowed in September

September saw the influx of dollars into U.S. ETFs continue, despite the fact that the year had already surpassed the record level seen in all of 2025, with another three months yet to go for 2026. With $1.5 trillion in inflows bringing the total AUM for U.S.-listed ETFs to $16.

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ETF Trends • Oct 8, 2026

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PBDC: BDCs Are For Cherry-Picking

PBDC is rated a hold, reflecting sector-wide struggles and suboptimal portfolio construction. PBDC's heavy weighting in riskier BDCs like OBDC and OTF raises portfolio risk without commensurate upside, while top-tier BDCs are underrepresented. The BDC sector lends itself to cherry-picking, allowing investors to optimize for dividend coverage, NAV stability, credit health, and management structure.

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Seeking Alpha • Oct 6, 2026

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Private Credit Payouts Shrank All Year. The Fed's First Hike Since 2023 Changes the Math

The Fed just reversed course for the first time in three years, and private credit investors holding BDC income ETFs are about to feel it in their quarterly checks.

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24/7 Wall Street • Sep 25, 2026

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How Advisors Rebuilt Their ETF Lineups in Q2 2026

Advisors did not slow down on exchange-traded funds in the second quarter. They added more of them, and pointed the money somewhere new, according to AdvizorPro's Q2 2026 RIA ETF Trends report.

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ETF Trends • Aug 31, 2026

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Good News For BDC Investors In 2027

Business Development Companies (BDCs) face sector headwinds, but improving loan terms and reduced competition signal earnings recovery potential into 2027. Key metrics to monitor include NAV growth, non-accrual rates, net investment income trends, and reliance on PIK interest income for dividend sustainability.

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Seeking Alpha • Aug 31, 2026

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Private Credit Is Wall Street's Favorite Trade and These 3 ETFs Hand Regular Investors Up to 11 Percent

Private credit has grown into an asset class that now rivals high-yield bonds, with direct lending, middle market loans, and collateralized loan structures moving trillions of dollars outside the traditional banking system.

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24/7 Wall Street • Aug 20, 2026

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BDCs Are Down 40%. Here's Why I'm Buying

PBDC (Putnam BDC Income ETF) and BIZD (VanEck BDC Income ETF) present compelling buy-the-dip opportunities in a deeply discounted BDC sector. PBDC earns a 'Strong Buy' rating for its higher yield (~11%), stronger diversification, and active management, while BIZD is rated a solid 'Buy.' Despite macro headwinds, BDCs' NAVs remain resilient and yields on NAVs exceed 14%, with loan collection rates holding up better than feared.

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Seeking Alpha • Aug 4, 2026

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10 Funds For Potential $6,000 Monthly Income: Retirement Series

This article is focused on retirees and income investors who want to generate both a passive income and decent capital appreciation. The income is important for retirees, but they should not overlook the capital growth to meet or beat inflation to support at least 30 years of retirement. We present a portfolio of 10 funds that is highly diversified with nearly as many different industry segments. The portfolio offers a 7% plus yield and roughly $6,000 monthly income.

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Seeking Alpha • Aug 1, 2026

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The 13.49% Expense Ratio Trap: Why PBDC Still Beats Expectations for Income Investors

The number that stops investors cold when they look at the Putnam BDC Income ETF (NYSEARCA:PBDC) is 13.49%.

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24/7 Wall Street • Jul 21, 2026

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The 12% Yield Trap: Why BIZD's Soaring Payout Ratio Signals Trouble Ahead

Income investors chasing yields north of 10% keep circling back to business development companies, the publicly traded lenders that finance middle-market private businesses.

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24/7 Wall Street • Jul 19, 2026

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