PBDC vs. TBLU ETF Comparison

Comparison of Putnam BDC Income ETF (PBDC) to Tortoise Global Water ESG Fund (TBLU)
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

$33.98

Average Daily Volume

40,691

Number of Holdings *

16

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

Tortoise Global Water ESG Fund

TBLU Description The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.95

Average Daily Volume

4,107

Number of Holdings *

22

* may have additional holdings in another (foreign) market
Performance
Period PBDC TBLU
30 Days 0.74% -1.99%
60 Days 0.62% 4.49%
90 Days 3.28% 16.24%
12 Months 17.12%
0 Overlapping Holdings
Symbol Grade Weight in PBDC Weight in TBLU Overlap
PBDC Overweight 16 Positions Relative to TBLU
Symbol Grade Weight
ARCC A 11.8%
BXSL A 9.79%
MAIN A 9.75%
HTGC D 6.8%
FSK A 6.35%
TSLX C 6.0%
GBDC B 4.95%
BCSF A 4.52%
CCAP A 4.24%
CION D 3.82%
CSWC D 3.48%
BBDC A 2.83%
NMFC D 2.4%
TRIN A 2.26%
FDUS A 2.04%
CGBD C 1.05%
PBDC Underweight 22 Positions Relative to TBLU
Symbol Grade Weight
ANET C -5.99%
ERII D -4.87%
CNM C -4.29%
BMI C -4.12%
ECL D -3.94%
FELE B -3.53%
AOS F -3.49%
WMS F -3.42%
AWK C -3.37%
WTRG B -3.32%
FBIN F -3.11%
IEX B -2.92%
LNN B -2.13%
MWA B -1.92%
PNR B -1.51%
WTTR A -1.35%
MEG F -1.3%
TTEK F -0.37%
WTS B -0.33%
VLTO C -0.31%
XYL D -0.27%
ZWS B -0.17%
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