FT Confluence BDC & Specialty Finance Income ETF
FBDCFinancial·Exchange Traded Fund·USA·NYSE·Nov 11 • 3:53 PM ET
17.01-0.06 (-0.35%)
2026-11-12 01:02 CET
Market cap
- USD m
Revenue, TTM
- USD m
Net income, TTM
- USD m
Free cash flow, TTM
- USD m
EPS diluted, TTM
-
P/E
-
Price
FBDC against its 20, 50 and 200-day averages2050200
15.7% under the 52-week high of 20.17 on 10 Dec 2025. 52-week low 16.00 on 21 Oct 2026. Last 15 sessions, 7.8% high to low
the line is the 50-bar volume average
Profile
FBDCFirst Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors. The fund primarily invests in value stocks of companies, as well as in Business Development Companies, REITs, and other mortgage related securities. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Wells Fargo BDC Index, 20% FTSE NAREIT Mortgage REIT Index, and 10% S&P SmallCap Financials Index. It was formerly known as First Trust/Gallatin Specialty Finance and Financial Opportunities Fund. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States.
News
latest 14 of 100- First Trust Announces Upcoming CUSIP Change for FT Confluence BDC & Specialty Finance ETF (Business Wire)
- First Trust Announces a 1-for-5 Reverse Share Split for FT Confluence BDC & Specialty Finance ETF (Business Wire)
- First Trust Announces Completion of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF (Business Wire)
- First Trust Announces Expected Effective Date of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF (Business Wire)
- First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share (Business Wire)
- First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF (Business Wire)
- CEF Weekly Review: Bull Market In CLO Equity CEFs (Seeking Alpha)
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF (Business Wire)
- First Trust Specialty Finance and Financial Opportunities Fund Announces Mailing of Proxy Materials for Special Meeting of Shareholders (Business Wire)
- First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share (Business Wire)
- First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share (Business Wire)
- Board of First Trust Specialty Finance and Financial Opportunities Fund Approves Conversion into an ETF and sets date of Annual Shareholder Meeting (Business Wire)
- abrdn Total Dynamic Dividend Fund (AOD) Announces Update on Proposed Acquisition of Assets from First Trust Specialty Finance and Financial Opportunities Fund (ACCESSWIRE)
- First Trust Specialty Finance and Financial Opportunities Fund Announces Results of Special Meeting of Shareholders Relating to the Proposed Reorganization with and into abrdn Total Dynamic Dividend Fund (Business Wire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| No quarterly earnings. | |||||||
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| No annual earnings. | |||||
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| No estimate revisions. | ||||||||
Estimate history
| No estimate history. |
Income statement, annual
No statement data.
Income statement, quarterly
No statement data.
Balance sheet, annual
No statement data.
Cash flow, annual
No statement data.
Balance sheet, quarterly
No statement data.
Cash flow, quarterly
No statement data.
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | - | 0.0M | - | 14.02K |
| 2026-10-15 | - | 0.0M | - | 11.95K |
| 2026-09-30 | - | 0.0M | - | 11.67K |
| 2026-09-15 | - | 0.0M | - | 11.36K |
| 2026-08-31 | - | 0.0M | - | 11.73K |
| 2026-08-14 | - | 0.0M | - | 11.56K |
| 2026-07-31 | - | 0.0M | - | 11.58K |
| 2026-07-15 | - | 0.0M | - | 11.59K |
| 2026-06-30 | - | 0.0M | - | 11.59K |
| 2026-06-15 | - | 0.0M | - | 10.65K |
| 2026-05-29 | - | 0.0M | - | 11.17K |
| 2026-05-15 | - | 0.0M | - | 11.61K |
| 2026-04-30 | - | 0.0M | - | 11.23K |
| 2026-04-15 | - | 0.0M | - | 11.94K |
| 2026-03-31 | - | 0.0M | - | 11.75K |
| 2026-03-13 | - | 0.0M | - | 11.94K |
| 2026-02-27 | - | 0.0M | - | 11.47K |
| 2026-02-13 | - | 0.0M | - | 9.64K |
| 2026-01-30 | - | 0.0M | - | 9.41K |
| 2026-01-15 | - | 0.0M | - | 7.95K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2025-06-06 | 8-K | Current report | 2025-06-06 | SEC |
| 2025-05-06 | 8-K | Current report | 2025-05-06 | SEC |
| 2025-04-23 | NPORT-P | 2025-02-28 | SEC | |
| 2025-04-21 | 8-K | Current report | 2025-04-21 | SEC |
| 2025-03-05 | 8-K | Current report | 2025-03-05 | SEC |
| 2025-02-28 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2025-02-05 | N-CSR | Certified annual shareholder report of registered management investment companies filed on Form N-CSR | 2024-11-30 | SEC |
| 2025-01-31 | N-CEN | Form N-CEN will require annual reporting of certain census-type information in a structured XML format. Form N-CEN will replace Form N-SAR. The compliance date for Form N-CEN filers – regardless of asset size – is June 1, 2018. | 2024-11-30 | SEC |
| 2025-01-24 | NPORT-P | 2024-11-29 | SEC | |
| 2025-01-03 | SCHEDULE 13G | SEC | ||
| 2024-11-07 | 40-17G | Fidelity bond filed pursuant to Rule 17g-1(g)(1) of the Investment Company Act of 1940. | SEC | |
| 2024-11-06 | SC 13G/A | SEC | ||
| 2024-10-24 | NPORT-P | 2024-08-30 | SEC | |
| 2024-10-15 | SC 13D/A | SEC | ||
| 2024-10-03 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2024-10-02 | SEC |
| 2024-10-01 | SC 13D/A | SEC | ||
| 2024-09-23 | SC 13D/A | SEC | ||
| 2024-09-10 | 8-K | Current report | 2024-09-10 | SEC |
| 2024-08-29 | 8-K | Current report | 2024-08-29 | SEC |
| 2024-08-23 | 8-K | Current report | 2024-08-23 | SEC |
| 2024-08-19 | N-PX | Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX | 2024-06-30 | SEC |
| 2024-08-09 | N-CSRS | Certified semi-annual shareholder report of registered management investment companies filed on Form N-CSR | 2024-05-31 | SEC |
| 2024-07-25 | 8-K | Current report | 2024-07-25 | SEC |
| 2024-07-24 | NPORT-P | 2024-05-31 | SEC | |
| 2024-07-11 | 8-K | Current report | 2024-07-11 | SEC |
| 2024-06-18 | 8-K | Current report | 2024-06-18 | SEC |
| 2024-05-31 | 8-K | Current report | 2024-05-31 | SEC |
| 2024-05-14 | SC 13D/A | SEC | ||
| 2024-05-02 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2024-04-29 | SC 13D | Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| LPL Financial LLC | 6.89% |
| STIFEL FINANCIAL CORP | 4.16% |
| GOLDMAN SACHS GROUP INC | 2.96% |
| MORGAN STANLEY | 1.42% |
| COMMONWEALTH EQUITY SERVICES, LLC | 1.17% |
| CITADEL ADVISORS LLC | 1.16% |
| MML INVESTORS SERVICES, LLC | 0.76% |
| SYM FINANCIAL Corp | 0.57% |
| UHLMANN PRICE SECURITIES, LLC | 0.53% |
| OSAIC HOLDINGS, INC. | 0.17% |
Funds
| Fund | % owned |
|---|---|
| - | |
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