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BDC Deep Dive Series

BDC ETF landscape decision framework cover: BIZD passive vs PBDC active vs direct holdings, 12.86% myth debunked, steel blue gold, ProfitVision LAB

BDC ETF Landscape: BIZD, PBDC & the Direct Holdings Decision Framework

The 12.86% expense ratio is a regulatory disclosure illusion — the real cost is 0.41%. Complete comparison of BIZD passive, PBDC active, and direct holdings. The 10-year CAGR gap is 3.84% per year. A five-step decision framework to find your path.

BDC covered call cash flow machine cover: ARCC × HTGC dividend plus options premium dual engine, margin zero-cost countdown, steel blue gold energy sphere, ProfitVision LAB

BDC Covered Call Cash Flow Machine | ARCC × HTGC Complete Strategy Guide

Dividend + options premium dual engines, margin cost-to-zero countdown, Portfolio Interest Exemption tax mechanics. Systematic cash flow strategy on ARCC × HTGC: 20–74% annualized return, full capital recovery in ~18 months.

HTGC Hercules Capital deep research cover: tech BDC leader venture debt ecosystem, 16.9% ROAE, 0.2% non-accrual, deep navy tech node composition, ProfitVision LAB BDC Research Series

HTGC Deep Research: Tech BDC Leader — High Returns, Real Risks, and the Man Behind It All

HTGC delivers a 10-year total return CAGR of 15.6%, ROAE of 16.9%, and non-accrual of 0.2% — best-in-class numbers. But the active securities lawsuit directly challenges its core differentiation claim, and the personalized management structure is a tail risk that demands clear eyes.

ARCC Ares Capital deep research cover: Americas largest BDC, $29.5B portfolio, 67 consecutive dividend quarters, 13.57% 10-year CAGR, steel blue and gold, ProfitVision LAB

ARCC Deep Research: Moat, Financial Resilience & 10-Year Track Record

ARCC's moat is real: $29.5B portfolio, 67 consecutive dividend quarters, $988M in spillover income. Q1 2026 earnings call confirmed improving loan terms. 10-year total return CAGR of 13.57% matches the S&P 500.

BDC Business Development Company guide cover: middle-market lending structure, 90% income distribution flow, gold and steel blue, ProfitVision LAB BDC Deep Dive Series

What Is a BDC? Complete Guide for Taiwan Investors

BDCs are legally mandated to distribute 90% of taxable income as dividends — yielding 9–13% annually. This guide breaks down the structure, income mechanics, six key risks, and practical steps for Taiwan-based investors.