# FBDC (FT Confluence BDC & Specialty Finance Income ETF) First Trust · Stock ETFs · Financials · data as of Nov 4, 2026 FBDC returned −0.3% over the year to Nov 4, 2026, charges 0.12% a year and holds $38m in net assets on Nov 3, 2026. Promise check: Not measured. It names no index it tracks. https://etfiq.com/promise-index/stocks/ FBDC is actively managed and returned −0.3% over the past year. ## Key facts - FBDC, total return, 1 year: −0.3%, as of Nov 4, 2026. - FBDC, expense ratio: 0.12%, as of Apr 1, 2026. - FBDC, holdings: 20, as of Nov 3, 2026. - FBDC, below its high: −10.9%, as of Nov 4, 2026. - FBDC, 12-month yield, capital gains included, on its starting price: 10.3%, as of Nov 4, 2026. - FBDC, last payment (paid monthly), ex-date Oct 21, 2026: $0.14, as of Oct 21, 2026. - FBDC, net assets: $38m (issuer page, as of Nov 3, 2026). ## FBDC over each window to Nov 4, 2026 | Window | Total return | S&P 500 (SPY) | | --- | --- | --- | | 1 month | +4.0% | −1.0% | | 3 months | +2.6% | −0.1% | | 6 months | +0.7% | +5.0% | | Year to date | −2.6% | +13.3% | | 1 year | −0.3% | +14.8% | | Since launch | −5.0% | +25.8% | | Since launch, annualised | −3.7% | – | ## FBDC key stats - 52-week high, daily closes to Nov 4, 2026: $20.13 on Dec 10, 2025 (computed by ETFIQ from Tiingo daily prices) - 52-week low, daily closes to Nov 4, 2026: $16.02 on Oct 21, 2026 (computed by ETFIQ from Tiingo daily prices) - Close on Nov 4, 2026, within that range: $17.19, 29% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices) - Holdings: 20 - Top ten weight: 75.0% - P/E ratio: 12.43 (First Trust, Oct 30, 2026) ## FBDC trading - Not scored. - $1,000: about $0.90, 0.09%, one way. - $10,000: about $9.00, 0.09%, one way. - $100,000: about $218, 0.22%, one way (estimate). - Premium to NAV at the Nov 3 close: 0.00%; 95% of days within ±0.12%. - Limit: midpoint + 2¢ to buy, midpoint − 2¢ to sell. At the Nov 3 close of $16.87, that’s $16.89 to buy and $16.85 to sell. - The full trading page: https://etfiq.com/funds/fbdc/trading/ ## FBDC for holders outside the US - US tax withheld on dividends, no treaty: 30% () - Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% () - FBDC interest-related and short-term gain dividends: not read by ETFIQ - US estate tax filing threshold, non-resident holders: $60,000 () - Share class: Distributing () Facts from the IRS, not tax advice. ## Every published field | Field | Value | Source | | --- | --- | --- | | What it tracks | No index, actively managed | ETFIQ | | Fund type | Equity fund | ETFIQ | | Category | Stocks · Financials | ETFIQ | | Expense ratio | 0.12% | 497 XBRL, Apr 1, 2026 | | Price | $17.19 | ETFIQ | | First traded | Jun 30, 2025 | ETFIQ | | Net assets | $38m | issuer page, as of Nov 3, 2026 | | Benchmark | Its own holdings, as of Nov 3, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit VOO's at R-squared 0.164 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to it | ETFIQ, from its filings | | Stated benchmark | S&P 500 Index (from its shareholder report), priced by VOO | secondary | | FBDC, 1 year to Nov 4, 2026 | −0.3% | secondary | | VOO, the same days | +14.8% | secondary | | Against its stated benchmark, 1 year | −15.1 pts | secondary | | Daily R-squared against VOO, 1 year to Nov 4, 2026 | 0.16 | secondary | | Below its high | −10.9% | ETFIQ | | Holdings | 20 | ETFIQ | | Top ten weight | 75.0% | ETFIQ | | Cash, not in the top ten | 5.6% | ETFIQ | | Holdings published for | Nov 3, 2026 | the issuer’s daily file | | Holdings as of the close of | Nov 3, 2026 | the issuer’s daily file | | Already in the S&P 500, by weight | 0.0% | ETFIQ | | Active share vs the S&P 500 | 100.0% | ETFIQ | | Already in the Nasdaq-100, by weight | 0.0% | ETFIQ | ## Money in and out, to Nov 3, 2026 | Window | Dates | Net flow | | --- | --- | --- | | 1 day | Nov 3, 2026 | $0 | Daily counts start Nov 2, 2026, so these windows have no daily data: 1 week, 1 month, 3 months, Year to date, 1 year. Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: . Method: https://etfiq.com/methodology/flows ## Questions ### How has FBDC performed? Over the year to Nov 4, 2026, FBDC returned −0.3% with distributions reinvested. ### What does FBDC cost? The prospectus expense ratio is 0.12% a year. ### What does FBDC hold? 20 positions as published by its issuer for Nov 3, 2026, with the top ten at 75.0% of the fund. 0% of its weight is in stocks the S&P 500 also holds. ### How far is FBDC below its high? 10.9% below its high of Jul 17, 2025, measured on the reinvested series to Nov 4, 2026. ## Cite this page ETFIQ, FBDC, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/fbdc Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at . HTML: https://etfiq.com/funds/fbdc · JSON: https://etfiq.com/funds/fbdc.json