Polen Floating Rate Income ETF
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
The ETF.net PCFI Grade
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Under classification review
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
Our read on PCFI
In short
Most high-yield ETFs buy fixed-coupon junk bonds. PCFI buys senior secured bank loans whose coupons reset with short-term rates, hand-picked from middle-market borrowers by an active credit team.
Stated mandate
The Fund seeks total return through high current income and long-term capital appreciation, primarily by investing in fixed- and floating-rate high-yield fixed-income securities.
Why people hold it
Worth knowing
PCFI Holdings
- Bonds
- 158
- 19%
- CVET Midco 10/13/29 Term Loan
Geography
- United States90.65%
- Canada3.77%
- Luxembourg2.50%
- United Kingdom1.51%
- Germany0.85%
- Netherlands0.72%
PCFI 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.
PCFI$10,086
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 | PCFI |
|---|---|
| Year to date | +1.7% |
| 1 month | −0.9% |
| 3 months | +0.8% |
| 1 year | +0.9% |
| 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 | PCFI |
|---|---|---|
| 2026 YTD | +1.7% | |
| 2025 | +2.4% |
PCFI in the news
PCFI Dividends
- 10.55%
- $2.34
- $0.10 per share
- Monthly
PCFI Risk
- 4.5%
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.
- −0.30
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.
- −3.3%
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.
- 0.02
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.
PCFI Cost
Overpaying vs SCYB, cheapest in US High Yield
$9,154
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PCFI 0.49%
$9,792
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | PCFI | SCYB | Overpaying |
|---|---|---|---|
| 10 | $883 | $55 | $828 |
| 20 | $3,394 | $216 | $3,178 |
| 30 | $9,792 | $638 | $9,154 |
You pay 0.49%Waived by Polen 0.10%
Full fee 0.59% waiver 0.10% you pay 0.49%
Other funds in US High Yield
- ASCYBSchwab High Yield Bond ETFExpense ratio 0.03%1 year return +2.0%
- ASPHYState Street SPDR Portfolio High Yield Bond ETFExpense ratio 0.05%1 year return +2.0%
- AHYLBXtrackers USD High Yield Corporate Bond ETFExpense ratio 0.05%1 year return +1.9%
- AUSHYiShares Broad USD High Yield Corporate Bond ETFExpense ratio 0.08%1 year return +2.0%
- ABHYBXtrackers USD High Yield BB-B ex Financials ETFExpense ratio 0.20%1 year return +2.5%
