Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year PBDC paid 11.3% but its total return was -2.8%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | below -100% |
| Earned % (1 year) | -43% |
| Earned % (full history, up to 5 yrs) | 109% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 31.9 / 100 · rank #305 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.60 |
| Sharpe ratio (1Y) | -0.42 |
| Steadiness vs S&P 500 | 70% |
| Beta to S&P 500 | 0.59 |
| Correlation to S&P 500 | 0.41 |
| Max drop (1Y) | -15.6% |
| Max drop (up to 5 yrs) | -20.5% |
| Trend | Downtrend |
| History | 4.1 yrs |
Vs. BIZD (what it's built on)
| Upside capture | 97% |
| Downside capture | 99% |
| Capture ratio | 0.98 |
| Beta | 0.98 |
| Correlation | 0.97 |
| Tracking | – |
On days BIZD rose, PBDC caught 97% of the gain; on days it fell, PBDC took 99% of the loss.
Payout history
Each bar is one payout (last 16 shown). Pays Quarterly.
| Ex-date | Amount |
|---|---|
| 2026-10-06 | $0.7330 |
| 2026-07-07 | $0.6960 |
| 2026-04-07 | $0.7130 |
| 2025-12-19 | $0.8250 |
| 2025-10-06 | $0.8210 |
| 2025-07-07 | $0.7870 |
| 2025-04-04 | $0.7910 |
| 2024-12-27 | $0.7900 |
| 2024-10-04 | $0.8570 |
| 2024-07-05 | $0.7860 |
| 2024-04-04 | $0.7650 |
| 2023-12-26 | $0.8530 |
Funds that track the same thing
Other BDCs income funds, ranked by DT Score. See them all · Compare PBDC with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSWC Capital Southwest | BDC | 10.0% | 11.0% | +26.7% | 205% | 84% | 65% | – | 72 | 38 | Downtrend |
| TRIN Trinity Capital | BDC | 11.5% | 12.4% | +38.9% | 253% | 92% | 63% | – | 70 | 70 | Uptrend |
| GAIN Gladstone Investment | BDC | 6.5% | 6.5% | +13.8% | 205% | 77% | 63% | – | 69 | 28 | Downtrend |
| GLAD Gladstone Capital | BDC | 10.1% | 10.2% | +11.7% | 112% | 101% | 91% | – | 67 | 84 | Uptrend |
| MAIN Main Street Capital | BDC | 12.1% | 8.1% | +7.8% | 96% | 109% | 100% | – | 62 | 70 | Uptrend |
| MSIF MSC Income Fund | BDC | 10.5% | 10.4% | +15.6% | 122% | 97% | 83% | – | 62 | 79 | Mixed |
| BBDC Barings BDC | BDC | 12.0% | 12.0% | +7.6% | 60% | 93% | 84% | – | 59 | 36 | Downtrend |
| BXSL Blackstone Secured Lending Fund | BDC | 12.8% | 12.8% | +4.7% | 33% | 100% | 95% | – | 51 | 76 | Mixed |
| ARCC Ares Capital Corp | BDC | 10.0% | 10.0% | +5.2% | 35% | 87% | 84% | – | 49 | 59 | Mixed |
| FDUS Fidus Investment | BDC | 10.2% | 10.9% | +5.4% | 45% | 87% | 80% | – | 48 | 83 | Uptrend |
About PBDC
| Issuer | Putnam (Franklin Templeton) |
| Structure | ETF |
| Category | BDC |
| Strategy | ETF holding BDCs, active screen |
| Underlying | BDCs, active screen |
| Exposure | BDCs |
| Index linkage | No - active |
| Pays | Quarterly |
| Expense ratio | – |
| Launched | 2022 |
| Uses leverage | No |
| Upside capped | No |
| Rate sensitivity | High |
| Return of capital common | Sometimes |
| Tax notes | Ordinary income mostly; fund 1099-DIV; BDC acquired-fund fees. |
Research notes: Active BDC ETF; verify ER and yield.
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