FBDC ETF — FT Confluence BDC & Specialty Finance Income ETF
FT Confluence BDC & Specialty Finance Income ETF (FBDC)
Updated October 2, 2026.
FBDC is an ETF. its distribution rate is 10.71%, its trailing-12-month yield is 13.09%, its expense ratio is 12.44%. Dividend Vision Distribution Safety Score™ is 52/100 (Caution). Total return is -7.0% over the past 1.3 years, 33.3 points behind SPY at 26.3%.
At the current 10.71% distribution rate, a $10,000 investment would generate approximately $1,071 per year, or $89.25 per month.
FBDC dividend yield and income
Price as of 2026-10-02.
The distribution rate (10.71%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (13.09%) is the last year of payments divided by the current price. The last dividend was $0.15. The last ex-dividend date was 09/24/2026. It was paid on 09/30/2026. At the current 10.71% distribution rate, a $10,000 investment would generate approximately $1,071 per year, or $89.25 per month.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2026-09-24 | $0.15 | $0.15 | 0.0% |
| 2026-08-21 | $0.15 | $0.15 | 0.0% |
| 2026-07-21 | $0.15 | $0.15 | -14.3% |
| 2026-06-25 | $0.175 | $0.175 | 0.0% |
| 2026-05-21 | $0.175 | $0.175 | 0.0% |
| 2026-04-21 | $0.175 | $0.175 | 0.0% |
| 2026-03-26 | $0.175 | $0.175 | 0.0% |
| 2026-02-20 | $0.175 | $0.175 | 0.0% |
| 2026-01-21 | $0.175 | $0.175 | 0.0% |
| 2025-12-12 | $0.175 | $0.175 | 0.0% |
| 2025-11-21 | $0.175 | $0.175 | 0.0% |
| 2025-11-03 | $0.175 | $0.175 | 0.0% |
| 2025-10-21 | $0.175 | $0.175 | 0.0% |
| 2025-09-25 | $0.175 | $0.175 | 0.0% |
| 2025-08-21 | $0.175 | $0.175 | 0.0% |
| 2025-07-22 | $0.035 | $0.175 | — |
| 2025 total | — | $1.225 | — |
| 2026 YTD total | — | $1.5 | 185.7% vs prior-year YTD |
FBDC dividend growth
| Window | Change |
|---|---|
| 3Y | 0.0% |
| 5Y | 0.0% |
FBDC holdings and sector exposure
Holdings are not available for this snapshot.
FBDC performance versus SPY
Price and return data through 2026-10-02.
Total return is -7.0% over the past 1.3 years, 33.3 points behind SPY at 26.3%. Its deepest 1-year drawdown was 15.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -3.8% | — |
| 3M | 1.4% | — |
| 6M | 4.7% | — |
| YTD | -5.5% | — |
| 1Y | -3.9% | — |
| Since inception (1.3 years) | -7.0% | -5.60% |
FBDC key facts
- Distribution Safety Score™
- 52 · Caution
- Safety-Adjusted Yield
- 5.57%
- Issuer
- First Trust
- Asset type
- ETF
- Asset subtype
- BDC_SPECIALTY_FINANCE_ETF
- Asset class
- Equity
- Inception date
- 05/25/2007
- Expense ratio
- 12.44%
- Distribution rate
- 10.71%
- Distribution frequency
- Monthly
- Trailing yield
- 13.09%
- Last close
- $16.81 (as of 2026-10-02)
- AUM
- $35,550,757
- Average volume
- 22700.0
- Last dividend
- $0.15
- Last ex-dividend date
- 09/24/2026
- Last payment date
- 09/30/2026
- Beta
- 0.49
- P/E ratio
- 12.6328
How Dividend Vision calculates yield and returns
Distribution rate (10.71%) 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 (13.09%) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: First Trust or company 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 15.6%.
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.
Compare FBDC
FBDC vs similar funds:
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's distribution rate is 10.71%, paid monthly, with a 12.44% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
When does FBDC pay a dividend?
FBDC pays monthly. The last dividend was $0.15. The last ex-dividend date was 09/24/2026. It was paid on 09/30/2026.
How has FBDC performed?
Total return is -7.0% over the past 1.3 years, 33.3 points behind SPY at 26.3%. Its deepest 1-year drawdown was 15.6%.
Is FBDC a good investment?
FBDC's Dividend Vision Distribution Safety Score is 52 (Caution). That is a risk signal, not investment advice. Its distribution rate is 10.71% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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Tickers
Holdings as-of date unavailable.
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