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FT Confluence BDC & Specialty Finance Income ETF (FBDC)
About this ETF
The FT Confluence BDC & Specialty Finance Income ETF (FBDC) primarily targets a significant level of ongoing income. Its secondary objective is to achieve an attractive overall return. Under typical market conditions, the Fund will commit a minimum of 80% of its net assets (including any funds borrowed for investment) to a selection of securities from Business Development Companies (BDCs) and other specialized financial entities. These are chosen by Confluence Investment Management LLC, the Fund's investment sub-advisor, because they are believed to present compelling opportunities for both income generation and capital appreciation.
Price
Top 10 holdings
| Main Street Capital Corporation MAIN | 11.86% |
| Hercules Capital, Inc. HTGC | 10.68% |
| Ares Capital Corporation ARCC | 10.44% |
| Golub Capital BDC, Inc. GBDC | 9.40% |
| Blackstone Secured Lending Fund BXSL | 7.95% |
| Sixth Street Specialty Lending, Inc. TSLX | 7.89% |
| Blue Owl Capital Corporation OBDC | 6.42% |
| Barings BDC, Inc. BBDC | 5.02% |
| Capital Southwest Corporation CSWC | 4.64% |
| New Mountain Finance Corporation NMFC | 4.04% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -0.35% |
| 3 months | -0.70% |
| 6 months | -13.69% |
| Year to date | -12.53% |
| 1 year | -21.66% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 18.10% |
| Sharpe (1y) | -1.26 |
| Sharpe (3y) | — |
| Sortino (1y) | -2.01 |
| Max drawdown (1y) | -26.85% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -26.85% |
| Beta vs S&P 500 (1y) | 0.63 |
| Correlation vs S&P 500 (1y) | 0.44 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-25 | 2026-06-30 | USD 0.1750 |
| 2026-05-21 | 2026-05-29 | USD 0.1750 |
| 2026-04-21 | 2026-04-30 | USD 0.1750 |
| 2026-03-26 | 2026-03-31 | USD 0.1750 |
| 2026-02-20 | 2026-02-27 | USD 0.1750 |
| 2026-01-21 | 2026-01-30 | USD 0.1750 |
| 2025-12-12 | 2025-12-31 | USD 0.1750 |
| 2025-11-21 | 2025-12-01 | USD 0.1750 |
| 2025-10-21 | 2025-10-31 | USD 0.1750 |
| 2025-09-25 | 2025-09-30 | USD 0.1750 |
| 2025-08-21 | 2025-08-29 | USD 0.1750 |
| 2025-07-22 | 2025-07-31 | USD 0.1750 |
Splits
| 2025-08-04 | 1:5 |
ESG profile
Benchmark: average of 4,066 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |
