Buying Goldman Sachs BDC When The Market Is Selling All BDCs

Summary

• Goldman Sachs BDC trades at a 24.6% discount to NAV, near its lowest point in five years.
• GSBD's 5- and 10-year total returns on NAV are 9.54% and 7.68%, with an average ROE of 7.72%.
• Even with higher loss assumptions, GSBD's expected return is attractive, offering around 10.95% at current discounts.
• While sector bonds are safer, GSBD's depressed price provides a compelling risk/reward opportunity for higher yield-seeking investors.