FINE vs. PBDC ETF Comparison

Comparison of Themes European Luxury ETF (FINE) to Putnam BDC Income ETF (PBDC)

FINE

Themes European Luxury ETF

FINE Description

The index is designed to provide exposure to European companies that have business operations in the luxury industry. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.99

Average Daily Volume

405

Number of Holdings ^*

1

* 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

$33.05

Average Daily Volume

35,767

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FINE	PBDC
30 Days	2.01%	2.58%
60 Days	-4.94%	-4.39%
90 Days	-9.89%	-2.58%
12 Months		18.71%

0 Overlapping Holdings

	Symbol	Grade	Weight in FINE	Weight in PBDC	Overlap

FINE Overweight 1 Positions Relative to PBDC

	Symbol	Grade	Weight
	ZGN	F	4.07%

FINE Underweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	ARCC	C	-11.7%
	OBDC	D	-11.12%
	MAIN	D	-9.87%
	BXSL	C	-9.57%
	HTGC	D	-6.9%
	FSK	B	-6.87%
	GBDC	D	-5.95%
	TSLX	A	-5.51%
	MFIC	D	-4.84%
	BCSF	B	-4.52%

FINE: Top Represented Industries & Keywords

Industries: Apparel Manufacturing

Keywords: Brush Consumer Goods Fashion Luxury Brands Retail Store Rubber Shoe

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