What is PBDC?

PBDC is actively managed to hold a portfolio of US business development companies (BDCs) whose principal business is to invest in, lend capital to, or provide services to privately held or thinly traded US companies.

PERFORMANCE [as of 03/16/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PBDC -- -- -- -- -- -- --
PBDC (NAV) -6.48% 2.54% 2.01% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA IMI / Asset Management & Custody Banks -SUB -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PBDC Factset Analytics Insight

PBDC seeks to provide current income by targeting a niche segment of the US equity market. The fund buys shares of BDCs, which in turn invest in developing or financially distressed firms. Typically, the fund seeks investments that contribute to the stability of dividend income and return potential. To select securities, the fund manager looks at credit performance and risk level, changes in earnings and dividend levels, interest rates, leverage, and balance sheet structures. The manager may also consider valuation, financial strength, growth potential, industry position, projected future earnings, cash flows and dividends, capital policies, and overall market conditions. Since the fund invests in BDCs, it may have significant exposure to the financial sector.

PBDC Summary Data

09/29/22
10.61%
$26.34M
No Underlying Index
MSCI USA IMI / Asset Management & Custody Banks -SUB
Open-Ended Fund

Peers

MSCI USA IMI / Asset Management & Custody Banks -SUB

Fund Flows

+$0.00B 5 Days
+$0.00B 30 Days
+$0.02B 90 Days

PBDC Portfolio Data

$3.13B
13.77
0.94
--
N/A
21

PBDC Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA IMI / Asset Management & Custody Banks -SUB

PBDC Portfolio Management

10.61%
--
--
--

PBDC Tax Exposures

20.00% / 39.60%
0.32%
Qualified dividends
No

PBDC Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
Low
N/A

Factset Analytics Block Liquidity

As of 03/17/23

This measurement shows how easy it is to trade a $1 million USD block of PBDC. PBDC is rated a N/A out of 5.

PBDC Tradability

2,790
$80.06K
1,213
$33.65K
0.21%
$0.06
0.04%
0.28% / -0.36%
None
100.00%
--
--
--
--
0
$27.48
N/A

PBDC Sector/Industry Breakdown

PBDC Segment
Benchmark
82.95% --
15.54% --
1.51% --

PBDC Top 10 Holdings

12.99%
10.07%
8.78%
6.16%
5.68%
4.74%
4.67%
4.57%
4.31%
76.51%

PBDC Performance Statistics

--
--
--
--
--
MSCI USA IMI / Asset Management & Custody Banks -SUB

PBDC Countries

PBDC Segment
Benchmark
100.00% --

PBDC Regions

PBDC Segment
Benchmark
100.00% --

PBDC Economic Development

PBDC Segment
Benchmark
100.00% --
0.00% --

PBDC Benchmark Comparison Holdings

21
--
--
--

PBDC Benchmark Comparison Summary

PBDC Segment
Benchmark
21 --
$3.13B --
13.77 --
0.94 --
9.34% --
High --

PBDC Benchmark Comparison Market Cap Size

PBDC Segment
Benchmark
0.00% --
42.38% --
39.05% --
13.01% --

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.