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ETF NYSE Arca USD

FT Confluence BDC & Specialty Finance Income ETF FBDC

Issuer: not identified from the fund name SEC registrant: First Trust Exchange-Traded Fund VIII Equity · US
Watch FBDC (sign in) Add to portfolio (FBDC) Set an alert for FBDC Compare FBDC with other ETFs Position size calculator for FBDC at 16.348 USD

How position sizing works
Last price 16.35 USD Change: Up +0.18 Percent change: Up +1.10%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Expense ratio
12.44%
Prospectus 1 Apr 2026
Net assets
$34.3M
As of 31 May 2026
Holdings
21
As of 31 May 2026
12-month distribution yield
12.39%
Monthly
Asset class
Equity
From holdings

FT Confluence BDC & Specialty Finance Income ETF (FBDC) is an exchange-traded fund listed on NYSE Arca in the United States. Its category is Equity · US (equity). Its last price was US$16.35 on 20 Oct 2026. Its expense ratio is 12.44% a year, from its prospectus dated 1 Apr 2026. It reported net assets of US$34.3 million as of 31 May 2026. Its latest holdings report lists 21 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$2.03 a unit, a 12-month distribution yield of 12.39%, paid monthly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
12.44%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.95%
Prospectus date
1 Apr 2026
Filed with the SEC
1 Apr 2026

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$34,302,782
Total assets
$34,331,630
Holdings as of
31 May 2026
Report made public
23 Jul 2026 (53 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 21 of 21 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.

FBDC top holdings as of 31 May 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 MAIN STREET CAPITAL CORP MAIN STREET CAPITAL CORP COM US56035L1044 11.53% $4.0M Equity (common) United States USD
2 ARES CAPITAL CORP ARES CAPITAL CORP COM US04010L1035 10.59% $3.6M Equity (common) United States USD
3 HERCULES CAPITAL INC HERCULES CAPITAL INC COM US4270965084 10.34% $3.5M Equity (common) United States USD
4 GOLUB CAPITAL BDC INC GOLUB CAPITAL BDC INC COM US38173M1027 9.60% $3.3M Equity (common) United States USD
5 BLACKSTONE SECURED LENDING FUND BLACKSTONE SECURED LENDING FUND COMMON STOCK US09261X1028 8.07% $2.8M Equity (common) United States USD
6 SIXTH STREET SPECIALTY LENDING INC SIXTH STREET SPECIALTY LENDING INC COM US83012A1097 7.93% $2.7M Equity (common) United States USD
7 BLUE OWL CAPITAL CORP BLUE OWL CAPITAL CORP COM US69121K1043 6.61% $2.3M Equity (common) United States USD
8 BARINGS BDC INC BARINGS BDC INC COM US06759L1035 5.09% $1.7M Equity (common) United States USD
9 NEW MOUNTAIN FINANCE CORP NEW MOUNTAIN FINANCE CORP COM US6475511001 4.59% $1.6M Equity (common) United States USD
10 CAPITAL SOUTHWEST CORP CAPITAL SOUTHWEST CORP COM US1405011073 4.54% $1.6M Equity (common) United States USD
11 MIDCAP FINANCIAL INVESTMENT CORP MIDCAP FINANCIAL INVESTMENT CORP COM NEW US03761U5020 3.09% $1.1M Equity (common) United States USD
12 BAIN CAPITAL SPECIALTY FINANCE INC BAIN CAPITAL SPECIALTY FINANCE INC COM STK US05684B1070 2.70% $926K Equity (common) United States USD
13 MORGAN STANLEY DIRECT LENDING FUND MORGAN STANLEY DIRECT LENDING FUND COM SHS US61774A1034 2.19% $750K Equity (common) United States USD
14 OAKTREE SPECIALTY LENDING CORP OAKTREE SPECIALTY LENDING CORP COM US67401P4054 2.18% $749K Equity (common) United States USD
15 KAYNE ANDERSON BDC INC KAYNE ANDERSON BDC INC COM SHS US48662X1054 2.15% $738K Equity (common) United States USD
16 NUVEEN CHURCHILL DIRECT LENDING CORP NUVEEN CHURCHILL DIRECT LENDING CORP COM SHS US67090S1087 1.99% $681K Equity (common) United States USD
17 DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT US2620062081 1.66% $568K Short-term investment vehicles (cash funds) United States USD
18 TRINITY CAPITAL INC TRINITY CAPITAL INC COM US8964423086 1.64% $563K Equity (common) United States USD
19 SLR INVESTMENT CORP SLR INVESTMENT CORP COM US83413U1007 1.62% $555K Equity (common) United States USD
20 GLADSTONE INVESTMENT CORP GLADSTONE INVESTMENT CORP COM US3765461070 1.01% $348K Equity (common) United States USD
21 MSC INCOME FUND INC MSC INCOME FUND INC COM US55374X2080 0.97% $332K Equity (common) United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 May 2026

All 21 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Equity (common) 98.42%
Short-term investment vehicles (cash funds) 1.66%

Country

Country by weight
CountryWeightBar
United States 100.08%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 100.08%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

Sector weights for holdings matched to listed stocks
SectorWeightBar
Finance 64.67%

Partial coverage: sectors are known for 64.7% of net assets (66% of the fund's equity weight), the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$2.0250
12 payments per unit
12-month yield
12.39%
Distributions only, not total return
Frequency
Monthly
From the gaps between ex-dates
Latest ex-date
24 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($2.0250) ÷ latest price ($16.35) × 100 = 12.39%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (15 payments)
FBDC distributions per unit by ex-date
Ex-dateAmount per unit
24 Sep 2026$0.1500
21 Aug 2026$0.1500
21 Jul 2026$0.1500
25 Jun 2026$0.1750
21 May 2026$0.1750
21 Apr 2026$0.1750
26 Mar 2026$0.1750
20 Feb 2026$0.1750
21 Jan 2026$0.1750
12 Dec 2025$0.1750
21 Nov 2025$0.1750
21 Oct 2025$0.1750
25 Sep 2025$0.1750
21 Aug 2025$0.1750
22 Jul 2025$0.1750

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

Compare with

Largest funds in the same category:

Up to four symbols separated by commas. ASX funds end in .AX, for example IVV.AX.

How ETF overlap is measured, with a worked example

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