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.

Main Street Capital Corporation

Ares Capital Corporation

Hercules Capital, Inc.

Golub Capital BDC, Inc.

Blackstone Secured Lending Fund

Sixth Street Specialty Lending, Inc.

Blue Owl Capital Corporation

Barings BDC, Inc.

Capital Southwest Corporation

New Mountain Finance Corporation

FT Confluence BDC & Specialty Finance Income ETF

FBDC Holdings & Sector Breakdown

FBDC Holdings & Sector Breakdown