About Putnam ETF Trust Putnam BDC Income ETF (PBDC)

Putnam ETF Trust Putnam BDC Income ETF (PBDC) is an exchange-traded fund that seeks to provide high current income by investing primarily in a portfolio of business development companies (BDCs). BDCs are typically publicly traded firms that invest in and provide financing to privately-held small and mid-sized businesses. The fund aims to achieve its objective by investing in a diverse range of BDCs with varying market capitalizations and industry exposures. This diversification helps to mitigate risk and potentially enhance returns for investors.

PBDC's price history reflects the performance of its underlying BDC holdings. Over the past few years, the ETF has exhibited a relatively stable price trend, with occasional fluctuations driven by broader market conditions. Investors should consider the historical price performance as a reference point when making investment decisions, but it is important to note that past performance does not guarantee future results.