FBDC FT Confluence BDC & Specialty Finance Income 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.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| FBDC | +3.3% | -3.8% | -4.9% | -2.3% | — | — |
| Sector Equity average (81 funds) | -1.2% | -4.5% | +13.3% | +15.0% | +17.1% | +6.1% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$204K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| KBDC Kayne Anderson BDC, Inc. | 1.89% | $10.0M | $0 |
| SLRC SLR Investment Corp. | 1.45% | $247K | $0 |
| NCDL Nuveen Churchill Direct Lending Corp. | 1.81% | $61K | $0 |
| CSWC Capital Southwest Corporation | 5.17% | $50K | $0 |
| ARCC Ares Capital Corporation | 9.78% | $46K | $0 |
| OBDC Blue Owl Capital Corporation | 6.56% | $45K | $0 |
| GAIN Gladstone Investment Corporation | 0.97% | $24K | $0 |
| MSIF MSC Income Fund, Inc. | 0.99% | $12K | $0 |
| OTF Blue Owl Technology Finance Corp. | 2.82% | $11K | $0 |
Holdings · as of Nov 12, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | MAIN Main Street Capital Corporation | 12.76% |
| 2 | HTGC Hercules Capital, Inc. | 10.74% |
| 3 | ARCC Ares Capital Corporation | 9.78% |
| 4 | GBDC Golub Capital BDC, Inc. | 9.30% |
| 5 | TSLX Sixth Street Specialty Lending, Inc. | 8.12% |
| 6 | OBDC Blue Owl Capital Corporation | 6.56% |
| 7 | CSWC Capital Southwest Corporation | 5.17% |
| 8 | BBDC Barings BDC, Inc. | 5.16% |
| 9 | NMFC New Mountain Finance Corporation | 3.89% |
| 10 | FBDC US Dollar | 3.81% |
| 11 | BXSL Blackstone Secured Lending Fund | 3.30% |
| 12 | MFIC MidCap Financial Investment Corporation | 2.92% |
| 13 | OTF Blue Owl Technology Finance Corp. | 2.82% |
| 14 | BCSF Bain Capital Specialty Finance, Inc. | 2.29% |
| 15 | OCSL Oaktree Specialty Lending Corporation | 2.27% |
| 16 | PFLT PennantPark Floating Rate Capital Ltd. | 2.03% |
| 17 | MSDL Morgan Stanley Direct Lending Fund | 1.98% |
| 18 | KBDC Kayne Anderson BDC, Inc. | 1.89% |
| 19 | NCDL Nuveen Churchill Direct Lending Corp. | 1.81% |
| 20 | SLRC SLR Investment Corp. | 1.45% |
| 21 | MSIF MSC Income Fund, Inc. | 0.99% |
| 22 | GAIN Gladstone Investment Corporation | 0.97% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Oct 21, 2026 | $0.1400 |
| Sep 24, 2026 | $0.1500 |
| Aug 21, 2026 | $0.1500 |
| Jul 21, 2026 | $0.1500 |
| Jun 25, 2026 | $0.1750 |
| May 21, 2026 | $0.1750 |
| Apr 21, 2026 | $0.1750 |
| Mar 26, 2026 | $0.1750 |
| Feb 20, 2026 | $0.1750 |
| Jan 21, 2026 | $0.1750 |
| Dec 12, 2025 | $0.1750 |
| Nov 21, 2025 | $0.1750 |
| Oct 21, 2025 | $0.1750 |
| Sep 25, 2025 | $0.1750 |
| Aug 21, 2025 | $0.1750 |
| Jul 22, 2025 | $0.1750 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in FBDC in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error