# PBDC (Putnam BDC Income ETF)

Putnam · Stock ETFs · Financials · data as of Nov 4, 2026

PBDC returned −3.0% over the year to Nov 4, 2026, charges 0.12% a year and holds $283m in net assets on Jul 31, 2026.

Promise check: Not measured. It names no index it tracks. https://etfiq.com/promise-index/stocks/

PBDC is actively managed and returned −3.0% over the past year.

## Key facts

- PBDC, total return, 1 year: −3.0%, as of Nov 4, 2026.
- PBDC, expense ratio: 0.12%, as of Aug 25, 2026.
- PBDC, holdings: 22, as of Jul 31, 2026.
- PBDC, below its high: −13.1%, as of Nov 4, 2026.
- PBDC, 12-month yield, capital gains included, on its starting price: 9.7%, as of Nov 4, 2026.
- PBDC, last payment (paid quarterly), ex-date Oct 6, 2026: $0.7331, as of Oct 6, 2026.
- PBDC, net assets: $283m (SEC filing, whole fund, as filed for Jul 31, 2026).

## PBDC over each window to Nov 4, 2026

| Window | Total return | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | +3.4% | −1.0% |
| 3 months | +1.7% | −0.1% |
| 6 months | −1.4% | +5.0% |
| Year to date | −5.5% | +13.3% |
| 1 year | −3.0% | +14.8% |
| 3 years | +17.2% | +82.9% |
| Since launch | +60.7% | +126.1% |
| Since launch, annualised | +12.3% | – |

## PBDC key stats

- 52-week high, daily closes to Nov 4, 2026: $32.15 on Dec 10, 2025 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Nov 4, 2026: $24.75 on Oct 19, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 4, 2026, within that range: $26.68, 26% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Holdings: 22
- Top ten weight: 71.6%

## PBDC trading

- Not scored.
- The full trading page: https://etfiq.com/funds/pbdc/trading/

## PBDC for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- PBDC interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

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% | 485BPOS XBRL, Aug 25, 2026 |
| Price | $26.68 | ETFIQ |
| First traded | Sep 30, 2022 | ETFIQ |
| Net assets | $283m | SEC filing, whole fund, as filed for Jul 31, 2026 |
| Benchmark | Its own holdings, as of Jul 31, 2026; its shareholder report compares it with the Russell 3000 Index, but its daily returns fit IWV's at R-squared 0.19 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to it | ETFIQ, from its filings |
| PBDC, Jul 31, 2026 to Oct 30, 2026 | +1.42% | ETFIQ |
| Its book of Jul 31, 2026, the same days | +1.95% | ETFIQ, measured on 100% of the book by weight |
| Against its own holdings | −0.54 pts | ETFIQ |
| Stated benchmark | Russell 3000 Index (from its shareholder report), priced by IWV | secondary |
| PBDC, 1 year to Nov 4, 2026 | −3.0% | secondary |
| IWV, the same days | +14.8% | secondary |
| Against its stated benchmark, 1 year | −17.8 pts | secondary |
| Daily R-squared against IWV, 1 year to Nov 4, 2026 | 0.19 | secondary |
| Below its high | −13.1% | ETFIQ |
| Holdings | 22 | ETFIQ |
| Top ten weight | 71.6% | ETFIQ |
| Cash, not in the top ten | 0.2% | ETFIQ |
| Holdings as of | Jul 31, 2026 | SEC N-PORT |
| 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 |

## Questions

### How has PBDC performed?

Over the year to Nov 4, 2026, PBDC returned −3.0% with distributions reinvested. Over three years the number is +17.2%.

### What does PBDC cost?

The prospectus expense ratio is 0.12% a year.

### What does PBDC hold?

22 positions as filed for Jul 31, 2026, with the top ten at 71.6% of the fund. 0% of its weight is in stocks the S&P 500 also holds.

### How far is PBDC below its high?

13.1% below its high of Feb 19, 2025, measured on the reinvested series to Nov 4, 2026.


## Cite this page

ETFIQ, PBDC, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/pbdc
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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