FDUSZ - Earn An 8% To 10% Balanced Portfolio Yield Investing In America: Part 1

Business Development Companies ("BDCs") were created by Congress in 1980 to give investors an opportunity to invest in private small- and mid-sized U.S. companies typically overlooked by banks. The following slide from ARCC breaks out many of the requirements of the BDC/RIC structure including 70% of assets in U.S. private companies diversified by size and sector.

Source: ARCC Investor Presentation

Most BDCs typically do not directly invest in travel, entertainment, retail, restaurants, sporting event-related, airlines, oil/energy, etc., and if they do it's a small portion of the portfolio. Also, most BDCs have been focused on