FAAR vs. PBDC ETF Comparison

Comparison of First Trust Alternative Absolute Return Strategy ETF (FAAR) to Putnam BDC Income ETF (PBDC)

FAAR

First Trust Alternative Absolute Return Strategy ETF

FAAR Description

The First Trust Alternative Absolute Return Strategy ETF seeks to achieve long-term total return using a long/short commodities strategy. The fund intends to invest primarily in exchange-listed commodity futures contracts through a wholly-owned subsidiary.

Grade (RS Rating)

Last Trade

$27.79

Average Daily Volume

32,831

Number of Holdings ^*

* 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

$33.24

Average Daily Volume

36,703

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FAAR	PBDC
30 Days	-0.19%	-0.61%
60 Days	-1.78%	5.06%
90 Days	-2.09%	-3.62%
12 Months	3.06%	20.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in FAAR	Weight in PBDC	Overlap

FAAR Overweight 1 Positions Relative to PBDC

	Symbol	Grade	Weight
	FCRX	A	21.59%

FAAR Underweight 15 Positions Relative to PBDC

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

FAAR: Top Represented Industries & Keywords

Industries:

Keywords: Business Development Company Golub Capital H.I.G. Capital Private Equity Venture Capital

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance