Inside PBDC: One click access to Top 20 Lenders

In this exclusive interview, I sit down with Mike Petro, Portfolio Manager for the Putnam BDC Income ETF (Ticker: PBDC), to dive deep into the world of Business Development Companies (BDCs). With yields sometimes exceeding 10%, BDCs can offer compelling opportunities for income investors. We discuss the strategies, the risks, and the rewards of this high yield income ETF.

CORRECTION: At 23:57, the chart comparing PBDC vs BIZD shows the orange line as "PFFA". The correct label is "PBDC" (to match the box in the top left corner of the chart).

➡️ Join Armchair Insider to receive my Portfolio (it's free): https://armchairinsider.beehiiv.com/s...

✏️ LINKS FROM TODAY'S EPISODE:
➡️ My #1 Research Tool: Seeking Alpha ($30 Coupon +Free Trial): https://armchairincome.link/SeekingAlpha

➡️ My Favorite Dividend Tracker, Snowball: (Create a Free Account, and the 10% Discount will appear under "Subscribe"):
https://armchairincome.link/snow

PBDC Fund Fees Explained:
https://www.franklintempleton.com/inv...
=======================================
Timestamps:
00:00 Introduction
00:23 Why can BDC's pay such high yields?
01:20 Why do businesses borrow money from BDC's?
04:07 Can a BDC make a higher return if it invests in the business it lends to?
04:34 Why would an investor buy a BDC instead of a bank stock?
07:09 When is the best time to buy a BDC?
07:56 Why don't BDC's get more coverage in the financial media?
08:32 Why do BDC fund expense ratios look so high?
10:36 What are the common misconceptions about BDC's?
12:11 Why did you create the PBDC fund?
14:25 How do you choose which BDC's to put into the PBDC ETF?
18:12 Do you buy or sell BDC's based on their valuations (ie pricing)?
21:00 Why has PBDC outperformed the largest BDC funds, BIZD?
24:09 If deregulation, mergers and acquisitions increase, how will that affect BDC's?
25:38 How would interest rates cuts affect BDC's?
26:45 How would interest rate cuts affect BDC dividends?
30:00 What is your outlook for the BDC sector?
=======================================
🤓 DETAILED INFORMATION:
✅ Seeking Alpha:
My #1 source of income investment information. I've been a subscriber for more than 7 years and my favorite feature is the collection of analysis articles for any given stock or fund.
https://www.sahg6dtr.com/R42XQZ/R74QP

✅ Snowball Portfolio Tracker:
Keep track of your stocks, ETFs, CEFs, MLPs, etc in one easy-to-use place. View upcoming dividend payouts, daily/monthly/yearly income. Subscribe to the Free Account, and the 10% Discount will appear: https://armchairincome.link/snow

(or enter "armchairincome" for the Promo Code)
------------------------------------------------------
The information on this Youtube channel and the resources available, are for educational and informational purposes only, and should not be construed as financial advice. No information provided by the channel should be considered as a recommendation that any particular security or investment is suitable for any specific person. Always do your own research before investing. Some links provided above may be associated with affiliate programs. If so, use of those links will not incur any additional cost to the user (and will, in many cases, provide a benefit to the user) and may result in a referral commission to this channel. Examples of companies with affiliate links offered on this channel include Snowball, and Seeking Alpha. The content of this channel represents the presenter’s opinions, which may not reflect those of the companies with which the channel has an affiliate relationship. If any episodes on this channel are sponsored, there will be a verbal disclosure during the video, and a written disclosure in the description of that video, identifying the sponsor.

All opinions and views mentioned in this video or corresponding reports constitute our judgments as of the date of publication and are subject to change at any time. Information within this material is not intended to be used as a primary basis for investment decisions and should also not be construed as advice meeting the particular investment needs of any individual investor. Trading signals produced by Armchair Income are independent of other services provided by Armchair Income or its affiliates, and positioning of accounts under their management may differ. Please remember that investing involves risk, including loss of principal, and past performance may not be indicative of future results. Armchair Income, its members, officers, directors and employees expressly disclaim all liability in respect to actions taken based on any or all of the information provided here.
AI music made by Suno
#armchairincome #seekingalpha #snowball #ad #IncomeInvesting #HighYieldInvestments