"Baby Bond" Sheet:

New BDC Sheets Subscriber Options:
Email to send account info:


  • A - This is for investors that do not currently have a meaningful position in a certain BDC and would like to "dip their toe in" with a starter position and then continue to buy more on the dips. I suggest buying a small amount of shares closer to its target price.


  • B - This is for investors that already have smaller positions and would like to grow them to a proper allocation for a diversified portfolio. I suggest adding to these positions at prices closer to 5% below its target price as I recently did with TCP Capital (TCPC) due to favorable pricing during its recent equity offering as discussed in "TCPC Equity Offering: Is It Still A Buy?".


  • C - This is for investors that already have full positions and would likely only add at opportunistic prices of around 10% below target prices. Active traders might choose to sell these shares for capital gains at a later date to re-balance the portfolio.

BDC Google Sheets

Please allow up to 24 hours (on weekends and holidays) to receive information to access all reports or links and email me directly if you have questions: bdcbuzz@gmail.com

Relative Strength Index (RSI):


"The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder, that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset. Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside."

This is a complicated formula because it takes into account changes in daily pricing over a rolling 365 days which takes time to process (as the price changes). I have not found this indicator available in table format with other online services.

I have color coded the RSI values with green showing closer to 30 (indicating oversold), yellow showing near 50 and red showing closer to 70 (indicating overbought). I include a chart with stock pricing and RSI in my "deep dive" reports on each BDC and I have made many purchases (for safer BDCs) when RSI is closer to 30.


(includes monthly renewal option)


  • Recommendation Categories:  After investors have identified BDCs that fit their risk profile, I categorize investors' needs for each BDC holding using the following:

Trading Volume:


I have found a way to measure the average volume being traded for all BDCs to see if it is an active or slow trading day for the sector and then look at individual BDCs to see if they are trading above or below that average (given the time of day).

This is important because investors should know when volumes might be indicating something meaningful is going on with the stock, whether positive or negative.


Sample Views:


  • Currently there are various worksheets as shown below including Suggested BDC Portfolios, BDC Ranking Tiers and Baby Bonds. BDC pricing can be volatile and Google Sheets tracks real-time changes to pricing compared to my price targets so that investors can make quick decisions.

BDC Google Sheets Only:

(see details below)

  • Investors should use limit orders when purchasing exchange traded debt such as Baby Bonds.
  • BDC Baby Bonds trade "dirty" which means that there is a certain amount of accrued interest in the market price. I have included the amount of accrued interest that updates daily.
  • You need to own the Baby Bond one trading day before the ex-dividend date to be eligible for the full quarter of interest.
  • It is important to take into account which BDCs are "callable" and the potential for capital losses during the worst case scenario.
  • The Call Risk Capital Loss column refers to the worst case scenario of a bond being called tomorrow (if currently callable) and takes into account 30 days of additional interest accrued before being redeemed. See below.
  • Breakeven Days refers to the amount of days of interest needed to break-even given the current market price. See below.Type your paragraph here.

There are currently over 22 BDCs included:


AINV, ARCC, CGBD, FDUS, FSC, FSIC, GBDC, GLAD, GSBD, HTGC, MAIN, MCC, MRCC, NMFC, PFLT, PNNT, PSEC, SUNS, TCAP, TCPC, TCRD, TPVG, and TSLX


Also included are the following BDC Baby Bonds:


AFC, AIB, AIY, CPTAL, FSCE, FSCFL, FULLL, HCAPL, HTF, HTGX, KAP, MCV, MCX, MSCA, MVCB, NEWTL, NEWTZ, PBB, SCQ, SLRA, TCCA, TCCB, TCRX, TCRZ, TPVZ, WHFBL