Lowest Expense Ratio BDCs
BDCs ranked by expense ratio, from lowest to highest. Expense ratio represents total operating expenses as a percentage of net assets.
Last updated: 2026-07-08
Expense Ratio Rankings
| Rank | Ticker | Name | Expense Ratio | Dividend Yield | Market Cap |
|---|---|---|---|---|---|
| 1 | CSWC | Capital Southwest Corporation | 6.5% | 8.5% | $1.2B |
| 2 | FDUS | Fidus Investment Corporation | 7% | 9.5% | $0.8B |
| 3 | MAIN | Main Street Capital Corporation | 7.2% | 7.5% | $3.5B |
| 4 | BXSL | Blackstone Secured Lending Fund | 7.5% | 8.5% | $4.8B |
| 5 | OBDC | Blue Owl Capital Corporation | 7.8% | 9.5% | $5.2B |
| 6 | TSLX | Sixth Street Specialty Lending, Inc. | 8% | 9.5% | $2.4B |
| 7 | GBDC | Golub Capital BDC, Inc. | 8.2% | 9% | $3.2B |
| 8 | ARCC | Ares Capital Corporation | 8.5% | 9.2% | $12.1B |
| 9 | SLRC | SLR Investment Corp. | 8.8% | 9% | $1B |
| 10 | GAIN | Gladstone Investment Corporation | 9.5% | 7.5% | $0.8B |
| 11 | HTGC | Hercules Capital, Inc. | 9.5% | 9.8% | $2.6B |
| 12 | PSEC | Prospect Capital Corporation | 11.5% | 12.5% | $2.1B |