PCFI
Polen Floating Rate Income ETF
📎 Investment Objective
The Polen Floating Rate Income ETF (PCFI) seeks to provide current income by investing primarily in floating-rate loans and other floating-rate debt securities.
Overview
ETF tracking Polen Floating Rate Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Polen Floating Rate Income ETF (PCFI) seeks to provide current income by investing primarily in floating-rate loans and other floating-rate debt securities.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in floating-rate loans and other floating-rate debt securities. The portfolio managers aim to construct a diversified portfolio of high-quality, senior-secured floating-rate loans and other floating-rate debt instruments.
✨ Key Features
- Focuses on floating-rate loans and debt securities to provide current income
- Diversified portfolio of high-quality, senior-secured floating-rate instruments
- Actively managed by experienced portfolio managers
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Credit risk: The risk that the issuer of a debt security may default on interest or principal payments
- Interest rate risk: The risk that the value of the fund's investments will decline due to rising interest rates
- Liquidity risk: The risk that the fund may not be able to sell a security at the desired time or price
- Floating-rate loan risk: The risk that the value of floating-rate loans may decline due to changes in the credit quality of the borrower or general economic conditions
👤 Best For
The Polen Floating Rate Income ETF may be suitable for investors seeking current income and who are willing to accept the risks associated with floating-rate loans and debt securities. This fund may be appropriate for investors with a medium-term investment horizon and a moderate risk tolerance.