Putnam BDC Income ETF (NYSE : PBDC ) Stock

Putnam BDC Income ETF seeks currentincome. The fund invests mainly in exchange-traded business development companies. To qualify as a BDC, a company must be organized under the laws of, and have its principal place of business in, the United States, be registered with the Securities and Exchange Commission and have elected to be regulated as a BDC under the Investment Company Act of 1940, as amended. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held U.S. companies or thinly traded U.S. public companies. Putnam Investment Management, LLC, the funds investment manager, will seek BDC investments that contribute to stability of dividend income and return potential.