COAL vs. PBDC ETF Comparison

Comparison of Range Global Coal Index ETF (COAL) to Putnam BDC Income ETF (PBDC)

COAL

Range Global Coal Index ETF

COAL Description

The fund normally invests in securities comprising the index. The index is designed to track the performance of companies that are involved in the metallurgical (met) and thermal coal industry, which includes production, exploration, development, transportation, and distribution ("Coal Companies"). Under normal circumstances, the fund invests at least 80% of its net assets in securities of coal companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.74

Average Daily Volume

8,382

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

$34.49

Average Daily Volume

30,465

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	COAL	PBDC
30 Days	5.23%	1.55%
60 Days	8.45%	2.37%
90 Days	14.49%	6.68%
12 Months		26.65%

0 Overlapping Holdings

	Symbol	Grade	Weight in COAL	Weight in PBDC	Overlap

COAL Overweight 6 Positions Relative to PBDC

	Symbol	Grade	Weight
	AMR	D	8.36%
	HCC	C	7.3%
	ARCH	C	6.5%
	CEIX	B	5.37%
	ARLP	B	5.29%
	BTU	C	4.23%

COAL Underweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	OBDC	C	-12.84%
	ARCC	A	-12.09%
	BXSL	B	-10.37%
	MAIN	A	-9.62%
	FSK	A	-6.97%
	HTGC	A	-6.58%
	TSLX	A	-6.05%
	GBDC	C	-5.38%
	MFIC	B	-4.89%
	BCSF	A	-4.55%

COAL: Top Represented Industries & Keywords

Industries: Coal

Keywords: Coal Mining Coal Fuel Mining Electric Utilities Metallurgical Coal Sedimentary Rocks Steel Industry Thermal Coal Walter Energy Alpha Natural Resources Barge Coal Mining Operations Coke Consol Energy Detection Systems Electricity Environmental Management Gas Division Gas Wells

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Internet Software & Services Specialty Finance

Keywords: Private Equity Venture Capital Business Development Business Development Company Mezzanine Capital Credit Loan Refinancing U.S. Securities And Exchange Commission Debt Debt Financing Golub Capital Leveraged Buyout Pharmaceutical Second Lien Loan Subordinated Debt Venture Debt Advanced Materials Aerospace Bankruptcy