FBDC — FT Confluence BDC & Specialty Finance Income ETF
Data updated: 2026-07-23
FBDC — FT Confluence BDC & Specialty Finance Income ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Financials Equity · $34.30M AUM · 12.44% expense ratio · -9.5% 1-yr return. From SEC regulatory filings.
FBDC Fund Overview
FBDC — FT Confluence BDC & Specialty Finance Income ETF is a US ETF managed by First Trust Exchange-Traded Fund VIII, categorised as United States Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: First Trust Exchange-Traded Fund VIII
- Category: United States Financials Equity
- Assets under management: $34.30M
- 1-year return: -9.5%
- Ticker: FBDC
- SEC CIK: 0001667919
- SEC series ID: S000090298
- Share class ID: C000257285
FBDC Holdings
Top 10 holdings of FT Confluence BDC & Specialty Finance Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Main Street Capital Corp. | 11.53% |
| Ares Capital Corp. | 10.59% |
| Hercules Capital, Inc. | 10.34% |
| Golub Capital Bdc, Inc. | 9.60% |
| Blackstone Secured Lending Fund | 8.07% |
| Sixth Street Specialty Lending, Inc. | 7.93% |
| Blue Owl Capital Corp. | 6.61% |
| Barings Bdc, Inc. | 5.09% |
| New Mountain Finance Corp. | 4.59% |
| Capital Southwest Corp. | 4.54% |
FBDC Portfolio Allocation
Asset-class allocation of FT Confluence BDC & Specialty Finance Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.7% |
FBDC Performance
Total returns for FBDC (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -7.7% |
| 1 year | -9.5% |
FBDC Risk Information
Risk metrics for FBDC, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.9%
FBDC Costs and Fees
FBDC costs about $1244 per $10,000 invested per year in fund expenses.
- Net expense ratio: 12.44%
- Gross expense ratio: 12.44%
- Portfolio turnover: 28%
- Brokerage commissions: 15.10 bps of average net assets (SEC N-CEN)
FBDC Cashflows
Over the 12 months to 2026-02, FT Confluence BDC & Specialty Finance Income ETF had net inflows of $93.97M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$887.26K |
| 2026-01 | $0 |
| 2025-12 | $0 |
| 2025-11 | −$1.94M |
| 2025-10 | $0 |
| 2025-09 | $0 |
FBDC Debt Constituents
No individual debt constituents are reported in FT Confluence BDC & Specialty Finance Income ETF's latest SEC N-PORT filing.
FBDC Prospectus and SEC Filings
Official FT Confluence BDC & Specialty Finance Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.