Nov. 14, 2025 9:15 AM ETFSK, ARCC, BIZD, CIONRoberts Berzins, CFA12.05K FollowersComments(3)The BDC sector average discount to NAV is 15%.Yet, there are some players that trade at even 30%+ discounts and thus offer very compelling yields.The logic would tell us that such BDCs are certainly meant for pure speculation.I agree, but with some exceptions.I elaborate on my 2 BDC tactical investments.Antonio_Diaz/iStock via Getty ImagesMy closest followers have most likely noticed that when it comes to BDCs, I have become more bullish than earlier in the year before the sector entered into a free fall.However, as I laid itThis article was written byRoberts Berzins, CFA12.05K FollowersRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level work includes the development of national SOE financing guidelines and framework for channeling private capital into affordable housing stock. Roberts is a CFA Charterholder, ESG investing certificate holder, has had an internship in Chicago board of trade (albeit, being resident and living in Latvia), and is actively involved in "thought-leadership" activities to support the development of pan-Baltic capital markets.Analyst’s Disclosure:I/we have a beneficial long position in the shares of FSK, CION 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.Comments(3)