



Gold has reached record highs while platinum has declined, leaving PPLT down nearly 18% year to date despite a 10-for-1 forward split effective May 18, 2026. The gold-to-platinum ratio sits near a multi-decade extreme, and ratio normalization is expected
BDCs are pass-through vehicles that lend mostly at floating rates to private middle-market firms and must distribute about 90% of taxable income to keep tax status. BIZD passively tracks the MVIS US Business Development Companies Index, while PBDC is acti

