FBDC ETF — FT Confluence BDC & Specialty Finance Income ETF
FT Confluence BDC & Specialty Finance Income ETF (FBDC)
FBDC is an ETF. As of August 19, 2026, its distribution rate is 10.18%, its trailing-12-month yield is 12.73%, its expense ratio is 12.44%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Fund total return is -3.9% over the past 1.1 years, 29.5 points behind SPY at 25.6%.
At the current 10.18% distribution rate, a $10,000 investment would generate approximately $1,018 per year, or $84.83 per month on an equivalent basis.
FBDC dividend yield and income
Data as of August 19, 2026.
The distribution rate (10.18%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (12.73%) is the last year of payments divided by the current price. The last dividend was $0.1500. The last ex-dividend date was 07/21/2026. It was paid on 07/31/2026. At 10.18%, $10,000 would generate about $1,018 a year ($84.83 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-21 | $0.15 | -14.3% |
| 2026-06-25 | $0.175 | — |
| 2026-05-21 | $0.175 | — |
| 2026-04-21 | $0.175 | — |
| 2026-03-26 | $0.175 | — |
| 2026-02-20 | $0.175 | — |
| 2026-01-21 | $0.175 | — |
| 2025-12-12 | $0.175 | — |
| 2025-11-21 | $0.175 | — |
| 2025-10-21 | $0.175 | — |
| 2025-09-25 | $0.175 | — |
| 2025-08-21 | $0.175 | — |
| 2025-07-22 | $0.175 | — |
| 2025 total | $1.05 | — |
| 2026 YTD total | $1.2 | 585.7% |
FBDC dividend growth
An annualized trend fit on recent payments is -37.48%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
FBDC performance versus SPY
Data as of August 19, 2026.
Fund total return is -3.9% over the past 1.1 years, 29.5 points behind SPY at 25.6%. Its deepest 1-year drawdown was 17.3%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (1.1 years) | -3.9% | -3.40% |
FBDC key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 62 · Generally safe
- Safety-Adjusted Yield
- 6.31%
- Issuer
- First Trust
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 05/25/2007
- Expense ratio
- 12.44%
- Distribution rate
- 10.18%
- Distribution frequency
- Monthly
- Trailing yield
- 12.73%
- Last close
- $17.68
- AUM
- $36,007,065
- Average volume
- 39682.0
- Last dividend
- $0.1500
- Ex-dividend date
- 07/21/2026
- Payment date
- 07/31/2026
- Beta
- 0.46
- P/E ratio
- 12.2323
How Dividend Vision calculates yield and returns
Distribution rate (10.18%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (12.73%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: First Trust fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FBDC risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 17.3%.
Who may consider FBDC — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does FBDC pay monthly?
Yes. FBDC currently pays monthly.
What is FBDC's expense ratio?
FBDC's expense ratio is 12.44%.
What is FBDC's dividend yield?
FBDC currently yields 10.18%, paid monthly, with a 12.44% expense ratio.
When does FBDC pay a dividend?
FBDC pays monthly. The last dividend was $0.1500. The last ex-dividend date was 07/21/2026. It was paid on 07/31/2026.
How has FBDC performed?
Fund total return is -3.9% over the past 1.1 years, 29.5 points behind SPY at 25.6%. Its deepest 1-year drawdown was 17.3%.
Is FBDC a good investment?
FBDC's Dividend Vision Distribution Safety Score is 62 (Generally safe). That is a risk signal, not investment advice. It currently yields 10.18%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from First Trust.
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