Polen Euro High Yield Bond ETF
The ETF.net PCEB Grade
F
Score 14 out of 100
- 82 of 85
Score 14 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 79 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F6 out of 100Rank 85 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 80 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 55 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F7 out of 100Rank 84 of 85
Our read on PCEB
In short
FEurope's high yield market, delivered in a US ticker. PCEB is an actively managed book of euro-denominated junk bonds run by Polen's credit arm, with no index to hug. Fee: 0.75%.
Stated mandate
The Fund seeks attractive income together with long-term capital appreciation.
Why people hold it
Worth knowing
PCEB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PCEB$9,482
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PCEB |
|---|---|
| Year to date | |
| 1 month | −1.7% |
| 3 months | −5.2% |
| 1 year | |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PCEB |
|---|---|---|
| 2026 YTD | −6.6% |
PCEB in the news
PCEB Dividends
- $0.09 per share
- Monthly
Distribution data unavailable.
Distribution history
PCEB Risk
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.61
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PCEB Cost
Overpaying vs SCYB, cheapest in US High Yield
$13,844
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PCEB 0.75%
$14,482
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | PCEB | SCYB | Overpaying |
|---|---|---|---|
| 10 | $1,336 | $55 | $1,281 |
| 20 | $5,078 | $216 | $4,862 |
| 30 | $14,482 | $638 | $13,844 |
Other funds in US High Yield
- DHYBXTCW High Yield Bond ETFExpense ratio 0.50%1 year return +2.7%
- DMANIMan Active Income ETFExpense ratio 0.85%1 year return +8.7%
- DMUSETCW Multisector Credit Income ETFExpense ratio 0.56%1 year return +2.6%
- FPCHIPolen High Income ETFExpense ratio 0.53%1 year return +0.6%
- FJOJOATAC Credit Rotation ETFExpense ratio 1.24%1 year return −0.1%
