Quick Read Putnam BDC Income ETF (PBDC) yields 12% but depends on four holdings representing 70% of assets. Ares Capital and Main Street Capital provide reliable dividend coverage, while Blue Owl’s ...

As PBDC's largest position at 11.8%, Ares Capital is the most important driver of the fund's income. Net investment income of $0.52 per share covered the $0.48 quarterly dividend with room to spare in ...