Traditional bonds can carry significant duration risk in a shifting rate environment. However, the underlying Business Development Companies (BDCs) within PCR, such as Ares Capital (ARCC) and Blue Owl Capital (OBDC), primarily utilize floating-rate senior secured loans. This structure allows the fund to capture wider spreads even as benchmark rates soften. As the Federal Reserve navigates a shallow cut interest rate cycle in early 2026, financial advisors are needing to find new sources of income for portfo ...