- FDUS has been a historically strong and consistent performer in the BDC space with a valuation that lags the broader sector.
- Although FDUS GAAP NII coverage is on the low side, it enjoys a number of income tailwinds.
- Portfolio quality remains robust with an uptrend in ratings, no non-accruals and below-average PIK income.
- The company plans to continue to move up the capital structure, increasing its allocation to first-lien loans as well as rotating from equity to income producing assets.
For further details see:
Fidus Investment: Attractively Valued Strong BDC Performer