- What does PCFI invest in?
- PCFI provides segmented exposure to the North American fixed income market with the intention of exceeding the performance of the broader bank loan market over a credit cycle. It aims to deliver overall total return through investments in high yield, floating rate bank loans and other corporate debt securities of middle market issuers in the US and, partially, in Canada. While it primarily invests in senior secured loans, it will also hold corporate bonds, convertible bonds, and preferred stock that are believed to be undervalued. The fund utilizes value investing with the intention of balancing the risks with the potential reward of discounted securities. It mainly follows a bottom-up investment approach, emphasizing downside protection, with the aim of adding value initially through security selection. The fund will not focus on maturity and duration. The portfolio will typically include 60 to 110 credit instruments.
- What is the expense ratio of PCFI?
- Polen Floating Rate Income ETF (PCFI) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PCFI's dividend yield?
- PCFI's trailing-twelve-month yield is 10.33%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PCFI?
- Effective duration measures PCFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PCFI's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PCFI?
- PCFI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PCFI?
- Yield to maturity (YTM) is the total return you'd earn from PCFI if every bond in the portfolio is held to maturity at the current price. PCFI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
