This week, Polen Capital expanded its offerings with the launch of two new high yield ETFs. They are the Polen Floating Rate Income ETF (PCFI) and the Polen High Income ETF (PCHI).
“In an environment of inflationary pressure and an increasingly unpredictable economy, we are excited to expand our suite of investment solutions with these new ETFs,” said Kevin Dolsen, chief operating officer and head of global distribution at Polen Capital.
High Yield Strategy
PCFI launched on March 24 on the NYSE Arca. It looks to generate high current income, with long-term capital appreciation as a secondary goal. The fund mainly invests in senior secured floating-rate loans, an asset class that may help hedge against rising interest rates. PCFI offers a nimble, income-generating option for investors seeking floating rate exposure amid inflation and uncertainty around the Fed’s actions. The fund has an expense ratio of 0.59%.
PCHI is a version of Polen’s Opportunistic High Yield strategy, but with the liquidity and tradability that come with the ETF wrapper. The strategy is also available as a mutual fund, a managed account and a qualifying investor alternative investment fund (QIAIF).
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Listed today on the NYSE Arca, PCHI seeks to capture income opportunities in high yield bonds and leveraged loans with its disciplined, risk-aware investment process. The fund has an expense ratio of 0.63%.
“By offering PCFI and PCHI — both actively managed ETFs — we believe we can empower investors to diversify their portfolios with strategies that compound income and drive long-term value,” added Dolsen.
Fund Management & Growth
Polen Capital veterans John Sherman and Ben Santonelli manage both funds.
The two new credit ETFs join a growing family of active ETFs. These include the Polen Capital Global Growth ETF (PCGG ), Polen Capital International Growth ETF (PCIG ), Polen Capital China Growth ETF (PCCE ), and Polen Capital Emerging Markets ex-China Growth ETF (PCEM). The global investment firm entered the ETF market in the latter half of 2023. It currently has nearly $200 million in assets spread across its ETF offerings.
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