AMAX vs. PBDC ETF Comparison

Comparison of RH Hedged Multi-Asset Income ETF (AMAX) to Putnam BDC Income ETF (PBDC)

AMAX

RH Hedged Multi-Asset Income ETF

AMAX Description

RH Hedged Multi-Asset Income ETF seeks total return through a combination of capital appreciation and current income. The Fund invests primarily in fixed income securities and the Fund may also invest in mortgage-related high-yield instruments rated below investment grade (commonly referred to as junk bonds) with up to 15% of the Fund's assets.

Grade (RS Rating)

Last Trade

$8.06

Average Daily Volume

8,313

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

PBDC

Putnam BDC Income ETF

PBDC Description

Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.58

Average Daily Volume

35,679

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	AMAX	PBDC
30 Days	1.68%	-0.06%
60 Days	5.40%	2.75%
90 Days	2.79%	-2.42%
12 Months	19.45%	21.76%

0 Overlapping Holdings

	Symbol	Grade	Weight in AMAX	Weight in PBDC	Overlap

AMAX Overweight 6 Positions Relative to PBDC

	Symbol	Grade	Weight
	TLT	C	23.54%
	QQQ	C	21.31%
	GLDI	A	21.11%
	SPY	B	20.57%
	IWM	C	4.68%
	USO	D	4.43%

AMAX Underweight 15 Positions Relative to PBDC

	Symbol	Grade	Weight
	ARCC	A	-11.95%
	BXSL	C	-10.14%
	MAIN	B	-9.66%
	HTGC	C	-6.68%
	FSK	A	-6.55%
	TSLX	D	-6.05%
	GBDC	B	-4.91%
	BCSF	B	-4.68%
	CION	D	-3.97%
	CCAP	C	-3.8%
	CSWC	C	-3.31%
	BBDC	D	-2.92%
	CGBD	B	-2.52%
	TRIN	C	-2.1%
	FDUS	C	-1.87%

AMAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Investment Management Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Brent Crude Covered Call Credit Suisse Crude Oil Debt Securities ETN Energy Economics Exchange Traded Note Forward Contract Gold As An Investment Gold Investments Government Bonds

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Private Equity Business Development Credit Loan Venture Capital Mezzanine Capital Business Development Company Debt Golub Capital Refinancing Second Lien Loan Leveraged Buyout Subordinated Debt Aerospace Bankruptcy Consumer Products Debt Financing Entrepreneurship Healthcare Service Niche Manufacturing