FT Confluence BDC & Specialty Finance Income ETF (FBDC) Holdings
FBDC holdings summary
as of Oct 25, 2026- Holdings
- 19 positions listed
- Top 10 weight
- 78.8% of net assets
- Effective holdings
- 12 equal-weight equivalent
- Largest holding
- MAIN 13.17% Main Street Capital Corporation
- Annual turnover
- — of the portfolio traded
All FBDC holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | MAIN | Main Street Capital Corporation | Financial Services | 13.17% | $4.5M | $5.03B | 10.8 |
| 2 | HTGC | Hercules Capital, Inc. | Financial Services | 11.17% | $3.9M | $3.06B | 8.1 |
| 3 | ARCC | Ares Capital Corporation | Financial Services | 9.43% | $3.3M | $13.44B | 14.0 |
| 4 | GBDC | Golub Capital BDC, Inc. | Financial Services | 9.38% | $3.2M | $3.15B | 18.4 |
| 5 | TSLX | Sixth Street Specialty Lending, Inc. | Financial Services | 8.46% | $2.9M | $1.62B | 18.3 |
| 6 | BXSL | Blackstone Secured Lending Fund | Financial Services | 6.80% | $2.3M | — | — |
| 7 | ORCC | Owl Rock Capital Corp | Financials | 6.45% | $2.2M | — | — |
| 8 | BBDC | Barings BDC, Inc. | Financial Services | 5.03% | $1.7M | $883.7M | 10.3 |
| 9 | CSWC | Capital Southwest Corporation | Financial Services | 4.82% | $1.7M | $1.47B | 12.8 |
| 10 | NMFC | New Mountain Finance Corporation | Financial Services | 4.10% | $1.4M | $636.6M | — |
| 11 | OTF | Blue Owl Technology Finance Corp. | Financial Services | 2.73% | $942,482.41 | $4.18B | 11.4 |
| 12 | AINV | Apollo Investment Corp | Financial | 2.45% | $845,162.73 | — | — |
| 13 | BCSF | Bain Capital Specialty Finance, Inc. | Financial Services | 2.19% | $757,057.36 | $665.6M | 10.4 |
| 14 | OCSL | Oaktree Specialty Lending Corporation | Financial Services | 2.13% | $734,591.01 | $1.02B | 24.1 |
| 15 | KBDC | Kayne Anderson BDC, Inc. | Financial Services | 1.88% | $650,212.78 | $820.8M | 11.4 |
| 16 | NCDL | Nuveen Churchill Direct Lending Corp. | Financial Services | 1.67% | $576,256.73 | $524.5M | 11.2 |
| 17 | SLRC | SLR Investment Corp. | Financial Services | 1.38% | $476,279.74 | $620.8M | 8.4 |
| 18 | GAIN | Gladstone Investment Corporation | Financial Services | 0.99% | $341,861.25 | $648.3M | 3.6 |
| 19 | MSCF | MSC Income Fund, Inc. | Financial Services | 0.93% | $319,740.00 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($34.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FBDC sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 86.3% | 17 | MAIN, HTGC, ARCC |
| Financials | 6.5% | 1 | ORCC |
| Financial | 2.4% | 1 | AINV |
Sum of the weights of the holdings in each sector.
FBDC top industries
FBDC overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| PBDC | Putnam BDC Income ETF | 66.7% | 16 of 24 | 6.98% |
| VXUS | Vanguard Total International Stock ETF | 0.0% | 0 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.0% | 0 of 1,962 | 0.19% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FBDC portfolio
FT Confluence BDC & Specialty Finance Income ETF holds 19 positions. The ten largest make up 78.8% of the fund, so it behaves like a portfolio of about 12 equally weighted stocks. The biggest positions are Main Street Capital Corporation (13.17%), Hercules Capital, Inc. (11.17%), Ares Capital Corporation (9.43%), Golub Capital BDC, Inc. (9.38%), Sixth Street Specialty Lending, Inc. (8.46%).
By sector, Financial Services is 86.3%, Financials is 6.5%, Financial is 2.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FBDC chart, FBDC performance, FBDC dividends, FBDC valuation, FBDC overview.
FBDC holdings FAQ
How many holdings does FBDC have?
FBDC holds 19 positions as of October 25, 2026.
What are the top 10 holdings of FBDC?
The ten largest holdings are Main Street Capital Corporation (13.17%), Hercules Capital, Inc. (11.17%), Ares Capital Corporation (9.43%), Golub Capital BDC, Inc. (9.38%), Sixth Street Specialty Lending, Inc. (8.46%), Blackstone Secured Lending Fund (6.80%), Owl Rock Capital Corp (6.45%), Barings BDC, Inc. (5.03%), Capital Southwest Corporation (4.82%), New Mountain Finance Corporation (4.10%). Together they are 78.8% of the fund.
What percentage of FBDC is Main Street Capital Corporation?
Main Street Capital Corporation is the largest holding at 13.17% of net assets, about $4.5M of the fund's $34.5M.
Which sector is the largest in FBDC?
Financial Services is the largest sector at 86.3%, followed by Financials (6.5%) and Financial (2.4%), based on the sectors of the individual holdings.
How concentrated is FBDC?
The top 10 holdings are 78.8% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FBDC behaves like a portfolio of about 12 equally weighted stocks.