Putnam BDC Income ETF (PBDC) Holdings
PBDC holdings summary
as of Oct 24, 2026- Holdings
- 24 positions listed
- Top 10 weight
- 70.6% of net assets
- Effective holdings
- 15 equal-weight equivalent
- Largest holding
- ARCC 11.55% Ares Capital Corporation
- Annual turnover
- 0.0% of the portfolio traded
All PBDC holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | ARCC | Ares Capital Corporation | Financial Services | 11.55% | $30.6M | $13.44B | 14.0 |
| 2 | ORCC | Owl Rock Capital Corp | Financials | 9.86% | $26.2M | — | — |
| 3 | OTF | Blue Owl Technology Finance Corp. | Financial Services | 8.99% | $23.9M | $4.18B | 11.4 |
| 4 | MAIN | Main Street Capital Corporation | Financial Services | 8.87% | $23.5M | $5.03B | 10.8 |
| 5 | HTGC | Hercules Capital, Inc. | Financial Services | 8.85% | $23.5M | $3.06B | 8.1 |
| 6 | GBDC | Golub Capital BDC, Inc. | Financial Services | 5.33% | $14.1M | $3.15B | 18.4 |
| 7 | TRIN | Trinity Capital Inc. | Financial Services | 4.85% | $12.9M | $1.45B | 9.1 |
| 8 | TSLX | Sixth Street Specialty Lending, Inc. | Financial Services | 4.39% | $11.6M | $1.62B | 18.3 |
| 9 | BXSL | Blackstone Secured Lending Fund | Financial Services | 4.27% | $11.3M | — | — |
| 10 | CSWC | Capital Southwest Corporation | Financial Services | 3.58% | $9.5M | $1.47B | 12.8 |
| 11 | KBDC | Kayne Anderson BDC, Inc. | Financial Services | 3.56% | $9.4M | $820.8M | 11.4 |
| 12 | MSCF | MSC Income Fund, Inc. | Financial Services | 3.30% | $8.7M | — | — |
| 13 | BBDC | Barings BDC, Inc. | Financial Services | 3.14% | $8.3M | $883.7M | 10.3 |
| 14 | OCSL | Oaktree Specialty Lending Corporation | Financial Services | 2.79% | $7.4M | $1.02B | 24.1 |
| 15 | FSK | FS KKR Capital Corp. | Financial Services | 2.76% | $7.3M | $2.85B | — |
| 16 | BCSF | Bain Capital Specialty Finance, Inc. | Financial Services | 1.83% | $4.9M | $665.6M | 10.4 |
| 17 | RWAY_old | RWAY | Financial Services | 1.69% | $4.5M | — | — |
| 18 | PFLT | PennantPark Floating Rate Capital Ltd. | Financial Services | 1.51% | $4.0M | $645.9M | 12.8 |
| 19 | NMFC | New Mountain Finance Corporation | Financial Services | 1.48% | $3.9M | $636.6M | — |
| 20 | AINV | Apollo Investment Corp | Financial | 1.41% | $3.7M | — | — |
| 21 | PSEC | Prospect Capital Corporation | Financial Services | 1.21% | $3.2M | $854.1M | 26.7 |
| 22 | FDUS | Fidus Investment Corporation | Financial Services | 0.96% | $2.5M | $754.8M | 9.1 |
| 23 | TCPC | BlackRock TCP Capital Corp. | Financial Services | 0.86% | $2.3M | $349.0M | — |
| 24 | SSSS | SuRo Capital Corp | Other | 0.28% | $743,801.15 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($265.3M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
PBDC sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 85.8% | 21 | ARCC, OTF, MAIN |
| Financials | 9.9% | 1 | ORCC |
| Financial | 1.4% | 1 | AINV |
| Other | 0.3% | 1 | SSSS |
Sum of the weights of the holdings in each sector.
PBDC top industries
PBDC overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| FBDC | FT Confluence BDC & Specialty Finance Income ETF | 66.7% | 16 of 19 | — |
| 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 PBDC portfolio
Putnam BDC Income ETF holds 24 positions. The ten largest make up 70.6% of the fund, so it behaves like a portfolio of about 15 equally weighted stocks. The biggest positions are Ares Capital Corporation (11.55%), Owl Rock Capital Corp (9.86%), Blue Owl Technology Finance Corp. (8.99%), Main Street Capital Corporation (8.87%), Hercules Capital, Inc. (8.85%).
By sector, Financial Services is 85.8%, Financials is 9.9%, Financial is 1.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 24, 2026; positions change as the fund rebalances.
Related: PBDC chart, PBDC performance, PBDC dividends, PBDC valuation, PBDC overview.
PBDC holdings FAQ
How many holdings does PBDC have?
PBDC holds 24 positions as of October 24, 2026.
What are the top 10 holdings of PBDC?
The ten largest holdings are Ares Capital Corporation (11.55%), Owl Rock Capital Corp (9.86%), Blue Owl Technology Finance Corp. (8.99%), Main Street Capital Corporation (8.87%), Hercules Capital, Inc. (8.85%), Golub Capital BDC, Inc. (5.33%), Trinity Capital Inc. (4.85%), Sixth Street Specialty Lending, Inc. (4.39%), Blackstone Secured Lending Fund (4.27%), Capital Southwest Corporation (3.58%). Together they are 70.6% of the fund.
What percentage of PBDC is Ares Capital Corporation?
Ares Capital Corporation is the largest holding at 11.55% of net assets, about $30.6M of the fund's $265.3M.
Which sector is the largest in PBDC?
Financial Services is the largest sector at 85.8%, followed by Financials (9.9%) and Financial (1.4%), based on the sectors of the individual holdings.
How concentrated is PBDC?
The top 10 holdings are 70.6% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) PBDC behaves like a portfolio of about 15 equally weighted stocks.