HTFA - BDC Weekly Market Review: A Busy Earnings Week Reinforces Key Themes

• We take a look at the action in BDCs through the first week of November and highlight some of the key themes we are seeing.
• The BDC sector delivered a strong 1% return over the first week of November reflecting upbeat earnings reports.
• We highlight some of the key themes of the sector by zeroing in on their impact on CSWC.
• We continue to find the BDC sector attractive within the broader income space, however investors have to be mindful of key risks.
• These include excessive valuation levels in parts of the sector, the negative impact of rising rates, exposure to continued supply chain and trade issues and more.

For further details see: