PBDC vs. ILF ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to iShares Latin America 40 ETF (ILF)

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

$33.35

Average Daily Volume

37,627

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

ILF

iShares Latin America 40 ETF

ILF Description

The investment seeks to track the investment results of an index composed of 40 of the largest Latin American equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Latin America 40TM (the "underlying index"), which is comprised of selected equities trading on the exchanges of five Latin American countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.28

Average Daily Volume

758,340

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	PBDC	ILF
30 Days	1.00%	-3.55%
60 Days	1.00%	-1.19%
90 Days	2.87%	0.81%
12 Months	16.87%	-0.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in PBDC	Weight in ILF	Overlap

PBDC Overweight 16 Positions Relative to ILF

	Symbol	Grade	Weight
	ARCC	B	11.8%
	BXSL	B	9.79%
	MAIN	B	9.75%
	HTGC	B	6.8%
	FSK	A	6.35%
	TSLX	F	6.0%
	GBDC	B	4.95%
	BCSF	B	4.52%
	CCAP	C	4.24%
	CION	C	3.82%
	CSWC	F	3.48%
	BBDC	C	2.83%
	NMFC	F	2.4%
	TRIN	C	2.26%
	FDUS	B	2.04%
	CGBD	C	1.05%

PBDC Underweight 4 Positions Relative to ILF

	Symbol	Grade	Weight
	NU	C	-9.66%
	VALE	D	-9.25%
	ITUB	D	-7.12%
	PBR	F	-5.92%

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Private Equity Business Development Credit Loan Mezzanine Capital Venture Capital Business Development Company Debt Golub Capital Refinancing Second Lien Loan Healthcare Service Leveraged Buyout Subordinated Debt Aerospace Bankruptcy Chemical Consumer Products Debt Financing Entrepreneurship

ILF: Top Represented Industries & Keywords

Industries: Banks - Diversified Banks - Regional - Latin America Industrial Metals & Minerals Oil & Gas Integrated

Keywords: Investment Product Alloys Alternative Payments Aluminum Products Bagasse Bank Banking Base Metal Biodiesel Biofuel Cargo Transportation Service Cargo Transportation Services Cash Management Services Cobalt Compressed Natural Gas Crude Oil Currency Debit Card Demand Deposit E Commerce