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Putnam BDC Income ETF PBDC

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis PBDC

Will PBDC outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBDC’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBDC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBDC’s parent organization’s priorities and whether they’re in line with investors’ interests.

Putnam BDC Income ETF's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PBDC

More PBDC Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 78.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Blue Owl Capital Corp Ordinary Shares

12.78 9.9 Mil
Financial Services

Ares Capital Corp

11.78 9.1 Mil
Financial Services

Blackstone Secured Lending Fund Ordinary Shares

10.73 8.3 Mil
Financial Services

Main Street Capital Corp

10.01 7.7 Mil
Financial Services

Hercules Capital Inc

6.92 5.3 Mil
Financial Services

FS KKR Capital Corp

6.68 5.2 Mil
Financial Services

Sixth Street Specialty Lending Inc

5.76 4.4 Mil
Financial Services

Golub Capital BDC Inc

5.48 4.2 Mil
Financial Services

MidCap Financial Investment Corp

4.48 3.5 Mil
Financial Services

Bain Capital Specialty Finance Inc

3.92 3.0 Mil
Financial Services