FBDC FT Confluence BDC & Specialty Finance Income ETF
Quote as of Oct 09, 2026 19:43 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 16.65 | Day Range | 16.51 – 16.67 |
| 52-Week Range | 16.27 – 20.17 | Volume | 20.95K |
| Avg Volume | 11.62K | AUM | $35.2M (Oct 10, 2026) |
| Expense Ratio | 0.95% | Yield (TTM) | 12.27% |
| NAV | 16.66 | Premium/Discount | -0.91% indicative |
| Inception | May 25, 2007 | Holdings | 20 |
| Issuer | First Trust | Exchange | AMEX |
| Category | — | Index Tracked | Not stated in source data |
| CUSIP | 33744U303 | ISIN | US33744U3032 |
| Management | Not stated in source data | ||
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.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.69% | -3.40% | -3.35% | -14.86% | -11.48% | — | — | — | -21.20% |
| Total return | -4.68% | -2.54% | +0.61% | -8.73% | -2.42% | — | — | — | -11.00% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.95% | Annual cost of a $10,000 investment | $95.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 21 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Main Street Capital Corporation | MAIN | 12.47% | 81.04K | $4.4M |
| 2 | Hercules Capital, Inc. | HTGC | 11.39% | 240.90K | $4.0M |
| 3 | Ares Capital Corporation | ARCC | 9.61% | 180.79K | $3.4M |
| 4 | Golub Capital BDC, Inc. | GBDC | 9.11% | 262.77K | $3.2M |
| 5 | Sixth Street Specialty Lending, Inc. | TSLX | 8.23% | 165.69K | $2.9M |
| 6 | Blackstone Secured Lending Fund | BXSL | 6.80% | 99.43K | $2.4M |
| 7 | Blue Owl Capital Corporation | OBDC | 6.12% | 211.44K | $2.1M |
| 8 | Capital Southwest Corporation | CSWC | 5.29% | 78.42K | $1.8M |
| 9 | Barings BDC, Inc. | BBDC | 5.17% | 211.70K | $1.8M |
| 10 | New Mountain Finance Corporation | NMFC | 3.98% | 206.56K | $1.4M |
| 11 | US Dollar | — | 3.17% | 1.11M | $1.1M |
| 12 | Blue Owl Technology Finance Corp. | OTF | 2.83% | 105.69K | $989.2K |
| 13 | MidCap Financial Investment Corporation | MFIC | 2.48% | 102.21K | $865.7K |
| 14 | Bain Capital Specialty Finance, Inc. | BCSF | 2.22% | 73.00K | $775.2K |
| 15 | Oaktree Specialty Lending Corporation | OCSL | 2.18% | 65.71K | $762.2K |
| 16 | Morgan Stanley Direct Lending Fund | MSDL | 1.96% | 51.07K | $683.4K |
| 17 | Kayne Anderson BDC, Inc. | KBDC | 1.87% | 52.37K | $652.0K |
| 18 | Nuveen Churchill Direct Lending Corp. | NCDL | 1.70% | 54.74K | $591.8K |
| 19 | SLR Investment Corp. | SLRC | 1.45% | 44.55K | $506.5K |
| 20 | Gladstone Investment Corporation | GAIN | 1.01% | 23.09K | $352.2K |
| 21 | MSC Income Fund, Inc. | MSIF | 0.96% | 28.52K | $335.1K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 12.27% | Paid (last 12 months) | $2.0250 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 24, 2026 | Last payment | $0.1500 (Sep 30, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 24, 2026 | Sep 24, 2026 | Sep 30, 2026 | $0.1500 |
| Aug 21, 2026 | Aug 21, 2026 | Aug 31, 2026 | $0.1500 |
| Jul 21, 2026 | Jul 21, 2026 | Jul 31, 2026 | $0.1500 |
| Jun 25, 2026 | Jun 25, 2026 | Jun 30, 2026 | $0.1750 |
| May 21, 2026 | May 21, 2026 | May 29, 2026 | $0.1750 |
| Apr 21, 2026 | Apr 21, 2026 | Apr 30, 2026 | $0.1750 |
| Mar 26, 2026 | Mar 26, 2026 | Mar 31, 2026 | $0.1750 |
| Feb 20, 2026 | Feb 20, 2026 | Feb 27, 2026 | $0.1750 |
| Jan 21, 2026 | Jan 21, 2026 | Jan 30, 2026 | $0.1750 |
| Dec 12, 2025 | Dec 12, 2025 | Dec 31, 2025 | $0.1750 |
| Nov 21, 2025 | Nov 21, 2025 | Dec 01, 2025 | $0.1750 |
| Oct 21, 2025 | Oct 21, 2025 | Oct 31, 2025 | $0.1750 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 18.57% / — | Sharpe 1Y / 3Y | -0.258 / — |
| Max drawdown 1Y / 3Y | -15.58% / — | Sortino 1Y | -0.376 |
| Beta vs S&P 500 (3Y) | 0.607 | Correlation vs S&P 500 (1Y) | 0.437 |
| Downside deviation 1Y | 12.76% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 20.95K | Average volume | 11.62K |
| AUM | $35.2M | Premium/Discount | -0.91% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $480.3K | +1.38% | $34.7M → $35.2M |
| 1 Month | $685.5K | +1.91% | $35.9M → $35.2M |
| 1 Week | -$44.2K | -0.12% | $35.9M → $35.2M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for FBDC
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.