Polen Floating Rate Income ETF
Data updated: 2026-09-22
C000258187 — Polen Floating Rate Income ETF. Short Corporate Bond · $7.86M AUM · 0.49% expense ratio. Holdings, fees, performance and SEC filings.
C000258187 Fund Overview
Polen Floating Rate Income ETF is a US ETF managed by FundVantage Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: FundVantage Trust
- Category: Short Corporate Bond
- Assets under management: $7.86M
- 1-year return: 4.0%
- SEC CIK: 0001388485
- SEC series ID: S000090826
- Share class ID: C000258187
C000258187 Investment Objective and Strategy
Polen Floating Rate Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
Polen Floating Rate Income ETF (the Fund) seeks to achieve overall total return consisting of a high level of current income together with long-term capital appreciation.
Principal investment strategy
The Fund pursues its investment objective by seeking to outperform, after taking into account fees and expenses, the broader bank loan market over a complete credit cycle. The credit cycle is a cyclical event that generally occurs over a several year timeframe as access to credit increases or decreases for borrowers. The bank loan market generally comprises first lien and second lien senior loans that are provided by a group of lenders and are structured, arranged and administered by one or several commercial or investment banks. The Fund seeks to achieve its objective mainly by investing in bank loans and other high yield fixed income securities (commonly referred to as junk bonds) with a focus on middle market issuers in the United States and, to a lesser extent, Canada. The Adviser considers middle market companies to be those with normalized earnings before interest, tax and depreciation in the range of $75-250 million.
The Adviser believes that the flexibility to invest, sell, and reinvest throughout the capital structure of an issuer and, in particular, in bank loans will enable the Adviser to tailor its investment approach to the specific credit-related circumstances of that issuer as they may change from time to time and thereby select the most attractive opportunities for the Fund. The Fund invests its assets primarily in credit instruments that are rated below investment grade by some or all relevant independent rating agencies, including Moodys Investors Service, Standard and Poors Rating Services and Fitch Ratings (including a significant portion of such assets in credit instruments in the lower tier of the high yield and leveraged loan market that are rated B and below). Additionally, certain other high yield securities may be unrated by rating agencies but determined by the Adviser to be of similar quality as other below investment grade bonds and credit instruments and accordingly purchased for investment by the Fund.
The Fund does not have a percentage limitation on investing in securities that are rated below investment grade. High yield fixed income securities include high yield corporate bonds, senior loans, convertible bonds, preferred stock, and other types of debt instruments (including, without limitation, unregistered (Rule 144A) securities, floating and variable rate securities and other restricted fixed income securities to the extent permitted by the Investment Company Act of 1940, as amended (the 1940 Act)). In addition, the Fund may also hold positions in equity or other assets that the Fund receives as part of a reorganization process of a high yield issuer, and may hold those assets until such time as the Adviser believes that a disposition is most advantageous. From time to time, the Fund may make investments in distressed or defaulted securities or in issuers that are in bankruptcy.
The Fund does not have any maturity or duration requirements. In making these investments, the Adviser seeks to purchase instruments that the Adviser believes are undervalued and offer a compelling risk/reward ratio. Specifically, the Advisers investment process attempts to exploit inefficiencies in the high yield credit markets by adhering to a disciplined, bottom-up, fundamentally-oriented investment process with an emphasis on downside protection. This process applies value investing principles through rigorous research coupled with financial, structural and legal analysis, including a review of bankruptcy law considerations where applicable. The foundation of this investment process is to derive an accurate, real-time valuation of a target company, and only invest in securities of that companys capital structure that offer a significant margin of safety coupled with strong total return potential.
By utilizing such a fundamental, bottom-up approach to investing, the Adviser seeks to add value first and foremost through security selection. The Adviser manages a relatively concentrated portfolio typically comprising between 50-100 issuers and 60-110 issues; however, the Fund may fall outside such ranges at the Advisers discretion based on then-available investment opportunities. The Fund has adopted an investment policy providing that under normal circumstances, the Fund invests at least 80% of the value of its assets (net assets plus the amount of any borrowings for investment purposes) in floating rate securities and other obligations (such as bank loans). For purposes herein, a bank loan is an instrument arranged by a bank (or similar financial institution) to a company that typically holds legal claim to such companys assets that is senior to all (or substantially all) other debt obligations.
C000258187 Holdings
Top 10 holdings of Polen Floating Rate Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Trsy Oblig Cash M | 7.52% |
| Ten-X LLC | 4.12% |
| Covetrus Inc | 3.88% |
| Learning Care Group US No 2 Inc | 3.36% |
| Baffinland Iron Mines Corp. | 3.11% |
| Advancion Holdings LLC | 2.10% |
| Kaseya Inc | 1.85% |
| athenahealth | 1.83% |
| Alliance Ground 03/05/33 | 1.77% |
| Cyberswift BV | 1.59% |
C000258187 Portfolio Allocation
Asset-class allocation of Polen Floating Rate Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 85.9% |
| Fixed Income | 9.6% |
| Cash & Equivalents | 7.5% |
C000258187 Performance
Total returns for C000258187 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.1% |
| 1 year | 4.0% |
C000258187 Risk Information
Risk metrics for C000258187, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.9%
C000258187 Costs and Fees
C000258187 costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.59%
- Portfolio turnover: 102%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000258187 Cashflows
Over the 12 months to 2026-04, Polen Floating Rate Income ETF had net inflows of $1.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $0 |
| 2026-01 | −$705.53K |
| 2025-12 | $475.31K |
| 2025-11 | $0 |
C000258187 Debt Constituents
Largest debt holdings of Polen Floating Rate Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Baffinland Iron Mines Corp. | 3.11% |
| Dexko Global, Inc. | 1.02% |
| Asurion LLC / Asurion Co.-Issuer, Inc. | 0.64% |
| Avis Budget Car Rent LLC / Avis Budget Finance, Inc. | 0.57% |
| Lsf12 Helix Parent LLC | 0.56% |
| Ellucian Holdings, Inc. | 0.55% |
| Apld Computeco LLC | 0.47% |
| Realtruck Group, Inc. | 0.45% |
| Coreweave, Inc. | 0.42% |
| Caesars Entertainment, Inc. | 0.28% |
C000258187 Prospectus and SEC Filings
Official Polen Floating Rate Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.