PBDC vs. KCE ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to SPDR S&P Capital Markets ETF (KCE)
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

$32.93

Average Daily Volume

36,213

Number of Holdings *

16

* may have additional holdings in another (foreign) market
KCE

SPDR S&P Capital Markets ETF

KCE Description The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$131.74

Average Daily Volume

58,853

Number of Holdings *

59

* may have additional holdings in another (foreign) market
Performance
Period PBDC KCE
30 Days -1.93% 5.50%
60 Days -1.99% 8.94%
90 Days 0.76% 15.88%
12 Months 15.60% 58.41%
0 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in KCE Overlap
PBDC Overweight 16 Positions Relative to KCE
Symbol Grade Weight
ARCC B 11.8%
BXSL B 9.79%
MAIN B 9.75%
HTGC C 6.8%
FSK B 6.35%
TSLX D 6.0%
GBDC C 4.95%
BCSF A 4.52%
CCAP C 4.24%
CION C 3.82%
CSWC D 3.48%
BBDC D 2.83%
NMFC F 2.4%
TRIN D 2.26%
FDUS C 2.04%
CGBD C 1.05%
PBDC Underweight 59 Positions Relative to KCE
Symbol Grade Weight
OWL B -2.03%
COIN C -2.01%
LPLA A -1.98%
CG B -1.97%
HOOD B -1.97%
RJF A -1.95%
TPG B -1.87%
SF A -1.87%
IBKR A -1.86%
MS B -1.85%
HLNE A -1.84%
VCTR A -1.83%
STEP B -1.82%
AMP B -1.8%
FHI A -1.79%
AMG A -1.79%
NTRS B -1.78%
SCHW B -1.77%
DBRG D -1.77%
ARES B -1.77%
JHG A -1.76%
MKTX B -1.76%
KKR B -1.76%
SEIC A -1.76%
BX B -1.75%
IVZ A -1.72%
STT A -1.72%
BK B -1.71%
APAM A -1.71%
PJT B -1.71%
EVR A -1.71%
CNS B -1.7%
JEF B -1.7%
GS B -1.69%
TW B -1.69%
PIPR B -1.65%
TROW A -1.65%
HLI A -1.65%
MORN B -1.64%
CME B -1.62%
BEN B -1.62%
NDAQ B -1.6%
ICE C -1.59%
WT B -1.57%
FDS B -1.57%
MSCI C -1.56%
BGC A -1.54%
CBOE B -1.54%
MC D -1.53%
VIRT A -1.5%
MCO D -1.49%
SPGI D -1.45%
SNEX A -1.42%
VRTS B -1.22%
DFIN F -0.94%
PX B -0.64%
BSIG A -0.62%
DHIL D -0.35%
LPRO C -0.31%
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