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Launched

Polen Euro High Yield Bond ETF

PCEBNYSE ArcaF

$23.18+0.20 (+0.89%)

As of Oct 13, 2026, 2:51 PM

F14/ 100

Rank 82 of 85 in US High Yield

F14/100Rank 82 of 85inUS High Yield
Intraday session: up, 11 prints from 22.98 to 23.18. Range 22.98 to 23.18. Use the arrow keys to read each point.23.0023.0523.1023.1510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$21M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
96
Avg volume · 30D
0M sh
NAV per share
$23.08
52W range
low $22.94high $25.27
Launched

The ETF.net PCEB Grade

Based on 5 of 6 pillars

F

Score 14 out of 100

Category
US High Yield⁠
Rank
82 of 85
Six-pillar profile for PCEB. Scores out of 100: Cost 8, Risk 7, Mission not scored, Tradability 19, Holdings 46, Durability 7. Strongest: Holdings (46). Weakest: Durability (7). Based on 5 of 6 pillars.

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.
    F8 out of 100
    Rank 78 of 85

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F7 out of 100
    Rank 85 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F19 out of 100
    Rank 81 of 85

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 57 of 85

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F7 out of 100
    Rank 84 of 85

Our read on PCEB

ETF.net Research

FNearly every fund in the US high yield aisle buys dollar bonds. PCEB goes to Europe: an actively run basket of euro-denominated high yield credit, picked by Polen's credit team.

Stated mandate

The Fund seeks attractive income together with long-term capital appreciation.

Why people hold it

  1. 01Euro-denominated high yield instead of the usual dollar corporates: European issuers, European rate and credit cycles, in a US-listed wrapper.polencapital.com
  2. 02Actively managed rather than index-locked. Polen's credit team picks the bonds, aiming for income plus long-term capital appreciation.polencapital.com
  3. 03Income is paid on a quarterly schedule, from a corner of the credit market that most US high yield funds leave out entirely.

Worth knowing

  1. 01At 0.55% a year it costs more than the 0.40% category median, and far more than the big dollar trackers (SCYB at 0.03%, SPHY at 0.05%).
  2. 02Launched in 2026, small and thinly traded, so spreads can be wide. The fund's own materials flag its limited operating history.polencapital.com
  3. 03The bonds are euro-denominated while performance is reported in US dollars, so exchange-rate moves feed into what you get. Polen lists currency risk up front.polencapital.com

PCEB Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
96
Top-10 weight
19%
Largest holding
Edp SA 4.75 29MAY54 Frn2.3%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Edp SA 4.75 29MAY54 Frn2.28%400,000$451K5
002—Fibercop Spa 5.125 30JUN322.28%400,000$451K4
003—Vodafone Group Pl 4.625 12SEP55 Frn2.17%400,000$429K3
004—Telecom Italia Finance 7.75 24JAN332.04%300,000$404K2
005—Ct Investment Gmbh 6.375 15APR301.77%300,000$351K3
006—Boots Group Finco Lp 5.375 31AUG321.73%300,000$342K5
007—Softbank Group Corp 6.375 22APR301.73%300,000$342K5
008—Czechoslovak Group As 5.25 10JAN311.72%300,000$340K2
009—Cesar Spa 6.5 30SEP311.71%300,000$338K4
010—Banijay Gaming Sas 5.125 10DEC311.70%300,000$338K5
011—Zf Europe Finance Bv 5.5 17FEB321.70%300,000$337K6
012—Teva Pharmaceutical F 4.125 01JUN311.70%300,000$337K8
013—Aegis Lux 1A Sarl 5.625 29OCT311.70%300,000$336K5
014—Nidda Healthcare Hold 5.625 21FEB301.70%300,000$336K4
015—Darling Global Finance 4.5 15JUL321.68%300,000$334K3

Showing 1–15 of 96 holdings

PCEB Performance

Launched May 6, 2026

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$9,473
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PCEB $9,473. SPY $10,332. Use the arrow keys to read each point.$9,403$9,909$10,415Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for PCEB. Periods over one year show the average yearly return.
PeriodPCEB
Year to dateFund launched this year—
1 month−4.8%
3 months−5.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PCEB
YearReturn barPCEB
2026 YTD−6.8%

Since listing, May 6, 2026

PCEB in the news

Filtered to PCEB · US High Yield

PCEB Dividends

Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 29, 2026 $0.06; Jun 30, 2026 $0.07; Jul 31, 2026 $0.08; Aug 31, 2026 $0.08; Sep 30, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 1, 2026$0.09
Aug 31, 2026Sep 1, 2026$0.08
Jul 31, 2026Aug 3, 2026$0.08
Jun 30, 2026Jul 1, 2026$0.07
May 29, 2026Jun 1, 2026$0.06

PCEB Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.61
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PCEB Cost

Expense ratio0.75%
  • The middle half of US High Yield funds
  • Median 0.43%

77 of the 85 US High Yield funds charge less.

PCEB costs $75.00 a year on $10,000. The median US High Yield fund costs $43.00.

Other funds in US High Yield

See others