Jul. 27, 2025 6:16 AM ETMAIN, CSWC, TRIN, CSWCZ, TRINI, TRINZADS AnalyticsInvesting Group LeaderSummaryWe take a look at the action in business development companies through the third week of July and highlight some of the key themes we are watching.BDCs outperformed most income sectors so far in July.Q2 earnings season should show flat net investment income but modest NAV gains, supported by tighter high-yield credit spreads.Individual BDCs like MAIN and CSWC reported solid, if unspectacular, results, with MAIN's NAV up and CSWC's non-accruals dropping.Valuation gaps remain wide; we see value in average BDCs trading at wider than average discounts such as CGBD, MSDL, and BBDC.I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »Torsten AsmusWelcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up—highlighting individual news and events—as well as the top-down—providing an overview of the broader market.Check out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.Read our Investor Guides: to CEFs, Preferreds and PIMCO CEFs.Check us out on a no-risk basis - sign up for a 2-week free trial!This article was written byADS Analytics13.38K FollowersADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.Analyst’s Disclosure:I/we have a beneficial long position in the shares of CGBD, BBDC, MSDL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You