# FT Confluence BDC & Specialty Finance Income ETF (FBDC) — Overview

FBDC · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/fbdc

## Price

Last close $16.74 on Oct 15, 2026. 52-week range $16.35 – $20.13.

## Fund profile

FBDC is an actively managed fund that invests in US business development companies (BDCs) and specialty finance companies the sub-adviser believes to offer attractive opportunities for income and capital appreciation.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | Financials |
| Inception | May 25, 2007 |
| Assets under management | $34.7M |
| Expense ratio | 12.44% |
| Net asset value | $16.40 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is FT Confluence BDC & Specialty Finance Income ETF (FBDC)?

FBDC is an actively managed fund that invests in US business development companies (BDCs) and specialty finance companies the sub-adviser believes to offer attractive opportunities for income and capital appreciation.

### What is FBDC's expense ratio?

FT Confluence BDC & Specialty Finance Income ETF charges an annual expense ratio of 12.44%. The fund is issued by First Trust Advisors L.P..

### How large is FBDC?

FT Confluence BDC & Specialty Finance Income ETF manages $34.7M in assets and has traded since May 25, 2007.

### How do I buy shares of FT Confluence BDC & Specialty Finance Income ETF (FBDC)?

FBDC trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).