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Putnam BDC Income ETF (PBDC)

$28.05

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Key data on PBDC

AUM

$304995900

P/E ratio

11.5

Dividend yield

10.6664%

Expense ratio

11.77%

Beta

0.531932

Price on PBDC

Previous close

$27.53

Today's open

$27.77

Day's range

$27.77 - $28.30

52 week range

$25.95 - $33.21

Profile about PBDC

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Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

PBDC industries and sectors

Industries

Financial

News on PBDC

How Advisors Rebuilt Their ETF Lineups in Q2 2026

Advisors did not slow down on exchange-traded funds in the second quarter. They added more of them, and pointed the money somewhere new, according to AdvizorPro's Q2 2026 RIA ETF Trends report.

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ETF Trends • Aug 31, 2026

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Good News For BDC Investors In 2027

Business Development Companies (BDCs) face sector headwinds, but improving loan terms and reduced competition signal earnings recovery potential into 2027. Key metrics to monitor include NAV growth, non-accrual rates, net investment income trends, and reliance on PIK interest income for dividend sustainability.

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Seeking Alpha • Aug 31, 2026

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Private Credit Is Wall Street's Favorite Trade and These 3 ETFs Hand Regular Investors Up to 11 Percent

Private credit has grown into an asset class that now rivals high-yield bonds, with direct lending, middle market loans, and collateralized loan structures moving trillions of dollars outside the traditional banking system.

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24/7 Wall Street • Aug 20, 2026

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BDCs Are Down 40%. Here's Why I'm Buying

PBDC (Putnam BDC Income ETF) and BIZD (VanEck BDC Income ETF) present compelling buy-the-dip opportunities in a deeply discounted BDC sector. PBDC earns a 'Strong Buy' rating for its higher yield (~11%), stronger diversification, and active management, while BIZD is rated a solid 'Buy.' Despite macro headwinds, BDCs' NAVs remain resilient and yields on NAVs exceed 14%, with loan collection rates holding up better than feared.

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Seeking Alpha • Aug 4, 2026

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10 Funds For Potential $6,000 Monthly Income: Retirement Series

This article is focused on retirees and income investors who want to generate both a passive income and decent capital appreciation. The income is important for retirees, but they should not overlook the capital growth to meet or beat inflation to support at least 30 years of retirement. We present a portfolio of 10 funds that is highly diversified with nearly as many different industry segments. The portfolio offers a 7% plus yield and roughly $6,000 monthly income.

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Seeking Alpha • Aug 1, 2026

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The 13.49% Expense Ratio Trap: Why PBDC Still Beats Expectations for Income Investors

The number that stops investors cold when they look at the Putnam BDC Income ETF (NYSEARCA:PBDC) is 13.49%.

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24/7 Wall Street • Jul 21, 2026

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The 12% Yield Trap: Why BIZD's Soaring Payout Ratio Signals Trouble Ahead

Income investors chasing yields north of 10% keep circling back to business development companies, the publicly traded lenders that finance middle-market private businesses.

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24/7 Wall Street • Jul 19, 2026

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BIZD Vs. PBDC: Active Management Gets The Nod

BDCs play an essential role in financing middle-market companies across America; they also earn interest rates averaging over 2% higher than typical high-yield corporate bonds. Putnam BDC Income ETF (PBDC) has outperformed VanEck BDC Income ETF (BIZD) since its 2022 inception, driven by active management and higher yields. PBDC's portfolio is almost entirely invested in BDCs, yielding 10.9%, while BIZD's portfolio holds 34% T-Bills, dragging the yield down to 8.57%.

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Seeking Alpha • Jul 17, 2026

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One Of The Huge Mistakes Dividend Investors Are Making Right Now

Dividend investing may seem simple in theory, but there are many pitfalls that investors fall into along the journey. I share perhaps the biggest mistake that many dividend investors are making in the current market environment. I share how to avoid it, along with some areas of the market I am finding a lot of attractive opportunities right now.

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Seeking Alpha • Jul 1, 2026

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The Credit Market Lens: What BDC Redemptions And NAV Pressures Mean For Investors

Redemption pressure in non-traded business development companies, funds that invest in small and midsize private U.S. businesses, shows little sign of easing. Looking at the underlying portfolios of BDCs, the fundamental picture is not breaking, but it is not healing, either. Notwithstanding the many fundamental challenges that will continue to pressure direct lending portfolios, the broader takeaway is that private credit is not a monolithic asset class.

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Seeking Alpha • Jun 29, 2026

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