YOLO vs. PBDC ETF Comparison

Comparison of AdvisorShares Pure Cannabis ETF (YOLO) to Putnam BDC Income ETF (PBDC)

YOLO

AdvisorShares Pure Cannabis ETF

YOLO Description

Cannabis and its various applications have been used throughout human civilization for over 5,000 years. As society, business and regulatory landscapes evolve in the 21st century, the upside potential of cannabis as an emerging investment avenue has arrived. The portfolio manager believes today’s new era can be viewed in similar regard to post-Prohibition, commencing a growing acknowledgement and understanding of cannabis and its uses among a mainstream audience. The industries that comprise the multi-billion dollar cannabis universe represent a new frontier, where proper caution and due diligence must be exercised surrounding its regulations and risks, in seeking attractive long-term cannabis investment opportunities. The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

Grade (RS Rating)

Last Trade

$3.21

Average Daily Volume

41,567

Number of Holdings ^*

9

* 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

$33.55

Average Daily Volume

31,966

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	YOLO	PBDC
30 Days	3.29%	-0.15%
60 Days	0.12%	2.66%
90 Days	-1.99%	-2.51%
12 Months	-3.08%	19.35%

0 Overlapping Holdings

	Symbol	Grade	Weight in YOLO	Weight in PBDC	Overlap

YOLO Overweight 9 Positions Relative to PBDC

	Symbol	Grade	Weight
	MSOS	F	47.76%
	HITI	C	7.24%
	SNDL	D	5.98%
	OGI	D	3.22%
	REFI	C	3.19%
	AFCG	D	2.86%
	TLRY	F	2.35%
	JAZZ	F	1.27%
	INM	F	0.4%

YOLO Underweight 15 Positions Relative to PBDC

	Symbol	Grade	Weight
	ARCC	A	-11.95%
	BXSL	D	-10.14%
	MAIN	B	-9.66%
	HTGC	C	-6.68%
	FSK	A	-6.55%
	TSLX	D	-6.05%
	GBDC	D	-4.91%
	BCSF	C	-4.68%
	CION	C	-3.97%
	CCAP	C	-3.8%
	CSWC	C	-3.31%
	BBDC	D	-2.92%
	CGBD	C	-2.52%
	TRIN	F	-2.1%
	FDUS	C	-1.87%

YOLO: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Specialty & Generic Biotechnology Pharmaceutical Retailers REIT - Mortgage REIT - Specialty

Keywords: Cannabis Medicine Entheogens Euphoriants Medicinal Plants Health Sciences Herbalism Medical Cannabis Real Estate Investment Trust Drugs Loan Plants Psychoactive Drugs Acute Lymphoblastic Leukemia Antibiotics Asparaginase Biopharmaceutical Biotechnology Bone CBD

PBDC: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

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