CWS vs. PBDC ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Putnam BDC Income ETF (PBDC)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$62.19

Average Daily Volume

10,705

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

$35.20

Average Daily Volume

30,158

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	CWS	PBDC
30 Days	0.33%	0.57%
60 Days	1.19%	3.22%
90 Days	-0.43%	7.74%
12 Months	15.93%	25.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in PBDC	Overlap

CWS Overweight 23 Positions Relative to PBDC

	Symbol	Grade	Weight
	APH	B	5.12%
	MLR	D	4.9%
	HEI	A	4.79%
	FICO	A	4.78%
	SYK	C	4.3%
	ROL	A	4.27%
	AFL	B	4.17%
	ICE	A	4.07%
	MCO	A	4.06%
	OTIS	B	4.04%
	INTU	B	3.95%
	TMO	D	3.91%
	HSY	F	3.78%
	AWK	C	3.73%
	BR	B	3.71%
	ABT	D	3.62%
	SLGN	D	3.53%
	SAIC	F	3.53%
	AGM	B	3.5%
	FDS	D	3.33%
	CE	F	3.31%
	MGRC	F	3.3%
	PII	F	3.09%

CWS 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	C	-4.89%
	BCSF	A	-4.55%

CWS: Top Represented Industries & Keywords

Industries: Business Services Capital Markets Medical Devices Aerospace & Defense Auto Parts Chemicals Confectioners Credit Services Diagnostics & Research Electronic Components Financial Data & Stock Exchanges Information Technology Services Insurance - Life Packaging & Containers Recreational Vehicles Rental & Leasing Services Software - Application Software - Infrastructure Specialty Industrial Machinery Utilities - Regulated Water

Keywords: S&P 500 Cancer Electronics Transport Aerospace Beverage Products Card Processing Chemical Chemical Product Communication Solutions Credit Drink Lab Testing Land Transport Medicine Moody's Analytics Navigation Systems Payment Systems Personal Finance Sanitation

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