PBDC vs. LCLG ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to Logan Capital Broad Innovative Growth ETF (LCLG)

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

$34.49

Average Daily Volume

30,465

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

LCLG

Logan Capital Broad Innovative Growth ETF

LCLG Description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests primarily in securities of companies that use innovative technologies or ideas to gain advantage over competitors. The Advisor expects to invest principally in large capitalization equity securities that are traded on U.S. securities exchanges. The fund may invest up to 20% of its total assets in securities of foreign issuers, including issuers in emerging markets.

Grade (RS Rating)

Last Trade

$46.81

Average Daily Volume

355

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	PBDC	LCLG
30 Days	1.55%	2.70%
60 Days	2.37%	8.38%
90 Days	6.68%	3.20%
12 Months	26.65%	30.31%

0 Overlapping Holdings

	Symbol	Grade	Weight in PBDC	Weight in LCLG	Overlap

PBDC Overweight 10 Positions Relative to LCLG

	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	B	4.89%
	BCSF	A	4.55%

PBDC Underweight 10 Positions Relative to LCLG

	Symbol	Grade	Weight
	KLAC	B	-5.46%
	AAPL	A	-4.84%
	NFLX	A	-4.7%
	AMZN	A	-4.58%
	APH	B	-4.56%
	MA	C	-4.35%
	AVGO	B	-4.33%
	META	A	-3.92%
	DKS	C	-3.64%
	GOOGL	A	-3.01%

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

LCLG: Top Represented Industries & Keywords

Industries: Internet Content & Information Specialty Retail Consumer Electronics Credit Services Electronic Components Media - Diversified Semiconductor Equipment & Materials Semiconductors

Keywords: S&P 500 Nasdaq 100 Computing Hyperscale Mobile Devices Smartphones Work From Home Dow Jones Component IBD 50 Laptop Computer Online Retail Operating System Retailing Software Streaming Services Subscription Services Telecommunications Advertising Network Advertising Services Aerospace Applications