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Putnam BDC Income ETF
PBDC (Putnam BDC Income ETF) is an active US Dividend Equity ETF by Putnam. With a 13.49% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 12.05% yield.
PBDC is actively managed by Putnam's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 13.49% MER reflects the costs of a more specialized management approach. It pays a quarterly distribution with a 12.05% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.