FDUS: Why We Bought This 10.4% – Yielding BDC
The Business Development Company Fidus Investment Corp (FDUS) delivered a strong Q2, in line with its excellent track record. It trades at a 10.4% dividend yield. Despite an equity-overweight portfolio …
Why Our BDC Portfolio Sleeve Is Up 10% Year-To-Date
Our approach to income investing is to allocate across a diverse set of investment structures, including open-end funds, closed-end funds, BDCs, preferred securities and baby bonds. This “structural diversification” ensures …
Are You Following These Bad BDC Investment Strategies?
In this brief post we highlight a couple of BDC allocation strategies that appear to be common but are unlikely to outperform in the longer-term in our view. One strategy is …
Some Misconceptions About BDCs
This is an extract from an earlier article at Systematic Income Premium. It’s always interesting when income sectors popular with retail investors get a look in the financial press. The …
GBDC: Why We Are Buying This 8.6%-Yielding BDC
In this quick post we highlight why we have initiated a position in the Golub BDC (GBDC) – a Business Development Company with a 8.6% dividend yield and strong historic …
Another Dividend Hike For OCSL – a 9.6% BDC Yielder
With a credit-focused portfolio, a small equity footprint, modest leverage, and no non-accruals, Oaktree Specialty Lending (OCSL) is an attractive BDC hold given the elevated level of uncertainty over the …
CGBD: This 11.5% Yielding BDC is Just Getting Started
In this post we provide a brief update for Carlyle Secured Lending (CGBD) – a BDC currently trading at a 11.5% total dividend yield. More in-depth updates are published on our …
Why Our 9.7%-Yielding BDC Portfolio Is Up 5% Year To Date
To get things started the chart below compares the performance of the BDC sleeve to the broader BDC sector. Year-to-date the sleeve has outperformed the sector by close to 7%. …
ARCC: A Better Time To Nibble on This 8.9% Yielder
Recent volatility in bonds has not left Business Development Companies unscathed, even the strongest performers in the sector like the Ares Capital Corp (ARCC). The company’s valuation has moved to …
BXSL: A 9.2% Yielder Approaching An Attractive Entry Point
Blackstone recently took public their business development company which now trades as Blackstone Secured Lending under the ticker BXSL. BXSL is now one of the largest BDCs with an $8.2bn investment …