Polen High Income ETF
Data updated: 2026-09-22
C000258188 — Polen High Income ETF. Intermediate Corporate Bond · $21.41M AUM · 0.53% expense ratio. Holdings, fees, performance and SEC filings.
C000258188 Fund Overview
Polen High Income ETF is a US ETF managed by FundVantage Trust, categorised as Intermediate 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: Intermediate Corporate Bond
- Assets under management: $21.41M
- 1-year return: 6.7%
- SEC CIK: 0001388485
- SEC series ID: S000090827
- Share class ID: C000258188
C000258188 Investment Objective and Strategy
Polen High Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
Polen High 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 high yield 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 Fund seeks to achieve its objective mainly by investing in fixed- and floating-rate 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 much 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 both more senior bank loans and more junior high yield bonds) enables 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 Adviser invests assets of the Fund 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 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 purchase equity securities or otherwise hold positions in equity or other assets that the Fund receives as part of a reorganization process of a high yield issuer, and the Fund 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. Although the Fund does not have any maturity or duration requirements, the Fund typically holds securities that, on average, have a shorter maturity and duration than the maturity and duration of broad-based high yield market indices. The Fund does not acquire securities or other permitted investments that it classifies as illiquid (i.e., the Fund does not reasonably expect to be able to sell or dispose of such security or investment within seven calendar days without significantly changing its market value); however, the Fund is not be restricted from continuing to hold an investment that the Adviser reclassifies as illiquid, subject to ongoing compliance with applicable law.
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. The Adviser believes that its portfolios can appropriately balance these risks with the potential reward by purchasing securities of companies at deep discounts to intrinsic enterprise value, thereby providing significant cushion from a loan-to-value perspective; by properly understanding, as part of the Advisers due diligence process, the relevant legal aspects of a bond indenture or loan document with a focus on downside or bankruptcy scenarios; and by managing liquidity in the portfolio by limiting the number and size of positions considered by the Adviser to be less liquid in nature.
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 to only invest in securities of that companys capital structure that offer a significant margin of safety coupled with strong total return potential. Significant margin of safety means that the Fund endeavors to identify securities with a low loan-to-value ratio where there is accordingly low risk that the subject security will default and experience principal losses as a result. 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 50-120 issuers and 60-150 issues.
C000258188 Holdings
Top 10 holdings of Polen High Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Baffinland Iron Mines Corp. | 2.42% |
| CVET Midco 2 LP | 2.22% |
| Dreyfus Trsy Oblig Cash M | 1.90% |
| Focus Financial Partners LLC | 1.79% |
| Athenahealth Group, Inc. | 1.78% |
| Hub International Ltd. | 1.77% |
| Wex, Inc. | 1.51% |
| Meridian Arc Holdco LLC | 1.51% |
| Oak-Eagle Acquireco, Inc. | 1.50% |
| Raven Acquisition Holdings LLC | 1.50% |
C000258188 Portfolio Allocation
Asset-class allocation of Polen High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 90.9% |
| Loans | 8.1% |
| Cash & Equivalents | 1.9% |
C000258188 Performance
Total returns for C000258188 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.1% |
| 1 year | 6.7% |
C000258188 Risk Information
Risk metrics for C000258188, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
C000258188 Costs and Fees
C000258188 costs about $53 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.53%
- Gross expense ratio: 0.63%
- Portfolio turnover: 57%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000258188 Cashflows
Over the 12 months to 2026-04, Polen High Income ETF had net inflows of $9.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $245.81K |
| 2026-03 | −$244.83K |
| 2026-02 | $0 |
| 2026-01 | $505.04K |
| 2025-12 | $250.48K |
| 2025-11 | $250.81K |
C000258188 Debt Constituents
Largest debt holdings of Polen High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Baffinland Iron Mines Corp. | 2.42% |
| Focus Financial Partners LLC | 1.79% |
| Athenahealth Group, Inc. | 1.78% |
| Hub International Ltd. | 1.77% |
| Wex, Inc. | 1.51% |
| Meridian Arc Holdco LLC | 1.51% |
| Oak-Eagle Acquireco, Inc. | 1.50% |
| Raven Acquisition Holdings LLC | 1.50% |
| Ellucian Holdings, Inc. | 1.46% |
| Surgery Center Holdings, Inc. | 1.45% |
C000258188 Prospectus and SEC Filings
Official Polen High Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate 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.