FBDC
FT Confluence BDC & Specialty Finance Income ETF
stock NYSE ETF

No it is not true BDCs (Business development corporations. It can be true for private cret which is similar to BDC which confuses people.
Private credit fund don't sell shares on the eopen market .With Private credit funds you give them your money and they loan it out . You cannot withdrawal your money from the fund at any time since it is tied up in loans. And if the loans don't perform you can loose most of your money. Avoid private credit.
BDC barrow moeny form banks and loan it out. They also sell shares on the open market so you pull your money out at any time. Also by US law BDC must pay out 90% of its earnings so the yield if higher and they always pay in a recession. Now you can buy individual BDCs but you can also invest in a BDC fund. There are 3 that I know of BIZD, PBDC , and FBDC. I have PBDC FBDC is the newest fund and I don't know much about it yet. Note with BDC ETFs the US government requires the funds to list there expenses plus the expenses of the BDC. This law does not apply to more other ETFs. The end result is that BDC ETF list Expenses of about 13% but they never pay BDC expenses. So the real expenses are in line with other ETFs.

No it is not true BDCs (Business development corporations. It can be true for private cret which is similar to BDC which confuses people.
Private credit fund don't sell shares on the eopen market .With Private credit funds you give them your money and they loan it out . You cannot withdrawal your money from the fund at any time since it is tied up in loans. And if the loans don't perform you can loose most of your money. Avoid private credit.
BDC barrow moeny form banks and loan it out. They also sell shares on the open market so you pull your money out at any time. Also by US law BDC must pay out 90% of its earnings so the yield if higher and they always pay in a recession. Now you can buy individual BDCs but you can also invest in a BDC fund. There are 3 that I know of BIZD, PBDC , and FBDC. I have PBDC FBDC is the newest fund and I don't know much about it yet. Note with BDC ETFs the US government requires the funds to list there expenses plus the expenses of the BDC. This law does not apply to more other ETFs. The end result is that BDC ETF list Expenses of about 13% but they never pay BDC expenses. So the real expenses are in line with other ETFs.