FT Confluence BDC & Specialty Finance Income ETF
$16.46−0.05 (−0.31%)
- 0.95%
- $35M
- +0.6%
- 12.26%
- 0M sh
- $16.51
- low $16.27high $20.17
The ETF.net FBDC Grade
B
Score 55 out of 100
- 5 of 12
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C52 out of 100Rank 6 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A79 out of 100Rank 2 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 4 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 3 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 10 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 3 of 12
Our read on FBDC
BFirst Trust points this one at business development companies and specialty finance lenders, a narrow lending corner of US financials, with income as the stated first job and payouts on a monthly cadence.
The Fund seeks a high level of current income and, secondarily, an attractive total return.
Why people hold it
- Income is the stated job: the objective puts a high level of current income first and total return second. Distributions go out monthly.
- Narrow by design. Where XLF and VFH own the whole financial sector, this one concentrates on business development companies and specialty finance.
- It is a 1940 Act registered fund, so tax reporting arrives on a 1099 rather than a partnership K-1.
Worth knowing
- The headline expense ratio is 12.44%, against a 0.44% median across its financials cohort. Cost is the dominant trade-off here.
- Small asset base and light trading: spreads can run wide, and a sizable order can push the price around.
- One slice of US financials, not the sector as a whole, so it can behave very differently from broad financial-sector funds.
FBDC Holdings
- Stocks
- 21
- 78%
- MAIN
Geography
- United States100.00%
FBDC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FBDC$10,063
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FBDC |
|---|---|
| Year to date | −7.2% |
| 1 month | −3.4% |
| 3 months | −0.8% |
| 1 year | +0.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FBDC |
|---|---|---|
| 2026 YTD | −7.2% | |
| 2025 | −2.5% |
FBDC in the news
FBDC Dividends
- 12.26%
- $2.03
- $0.15 per share
- Monthly
Distribution history
FBDC Risk
- 17.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FBDC Cost
0.95%
FBDC0.95%
- The middle half of Listed Private Markets funds
- Median 1.35%
5 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- BGPZVanEck Alternative Asset Manager ETFExpense ratio 0.40%1 year return −15.0%
- BXOVRERShares Private-Public Crossover ETFExpense ratio 0.75%1 year return +6.2%
- CPSPInvesco Global Listed Private Equity ETFExpense ratio 1.75%1 year return −11.1%
- CBIZDVanEck BDC Income ETFExpense ratio 9.69%1 year return +1.2%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%