BDCZ vs. PBDC ETF Comparison

Comparison of ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ) to Putnam BDC Income ETF (PBDC)
BDCZ

ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041

BDCZ Description

The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.

Grade (RS Rating)

Last Trade

$18.77

Average Daily Volume

2,966

Number of Holdings *

23

* 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

$33.40

Average Daily Volume

37,627

Number of Holdings *

16

* may have additional holdings in another (foreign) market
Performance
Period BDCZ PBDC
30 Days 0.29% 1.00%
60 Days 2.88% 1.00%
90 Days 5.02% 2.87%
12 Months 15.14% 16.87%
12 Overlapping Holdings
Symbol Grade Weight in BDCZ Weight in PBDC Overlap
ARCC B 17.86% 11.8% 11.8%
BBDC C 1.72% 2.83% 1.72%
BCSF B 2.09% 4.52% 2.09%
CGBD C 2.28% 1.05% 1.05%
CSWC F 1.82% 3.48% 1.82%
FDUS B 1.28% 2.04% 1.28%
FSK A 11.43% 6.35% 6.35%
GBDC B 4.5% 4.95% 4.5%
HTGC B 4.42% 6.8% 4.42%
MAIN B 5.85% 9.75% 5.85%
NMFC F 3.68% 2.4% 2.4%
TSLX F 4.71% 6.0% 4.71%
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