A business development company, aka BDC, provides financing to small-and-midsized private companies. Investing in a BDC means you have a unique opportunity to participate in funding your local economy with the chance of an attractive return. Of course, there are some nuances. In this episode, we speak with Michael Petro, Portfolio Manager of Putnam BDC Income ETF, to share his wisdom from 15+ years of investing in BDCs.