RSHO vs. PBDC ETF Comparison

Comparison of Tema ETF Trust Tema American Reshoring ETF (RSHO) to Putnam BDC Income ETF (PBDC)

RSHO

Tema ETF Trust Tema American Reshoring ETF

RSHO Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, common and preferred stocks of publicly listed companies domiciled in the United States that are directly or indirectly economically tied to the rebuilding, bringing back of overseas economic activity, and revitalization of the American (i.e., United States) industrial base ("reshoring companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.10

Average Daily Volume

45,020

Number of Holdings ^*

10

* 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

$35.20

Average Daily Volume

30,158

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	RSHO	PBDC
30 Days	-1.33%	0.57%
60 Days	-0.81%	3.22%
90 Days	-3.56%	7.74%
12 Months	17.58%	25.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in RSHO	Weight in PBDC	Overlap

RSHO Overweight 10 Positions Relative to PBDC

	Symbol	Grade	Weight
	ETN	C	5.59%
	AIT	B	5.28%
	IR	D	4.62%
	LIN	C	4.22%
	PRIM	D	4.15%
	CRH	D	4.13%
	SPXC	B	4.13%
	VMC	D	3.96%
	CLH	B	3.83%
	FSS	C	3.69%

RSHO Underweight 10 Positions Relative to PBDC

	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	C	-4.89%
	BCSF	A	-4.55%

RSHO: Top Represented Industries & Keywords

Industries: Building Materials Diversified Industrials Engineering & Construction Industrial Distribution Pollution & Treatment Controls Specialty Chemicals Specialty Industrial Machinery Waste Management

Keywords: S&P 500 Asphalt Building Materials Cement Chemical Concrete Concrete Products Construction HVAC Industrial Technologies Mining Pavements Pollution Security Systems Access Control Access Control Systems Actuant Aerospace Air Separation Air Systems

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