PBUB — Portfolio Building Block US Banks ETF

PBUB Fund Overview

PBUB — Portfolio Building Block US Banks ETF is a US ETF managed by Tidal Trust IV, categorised as Global (incl. US) Blend / Core Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Tidal Trust IV
• Category: Global (incl. US) Blend / Core Financials Equity
• Ticker: PBUB
• SEC CIK: 0002043390
• SEC series ID: S000104542
• Share class ID: C000275162

PBUB Investment Objective and Strategy

Portfolio Building Block US Banks ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust IV.

Investment objective

The Portfolio Building Block US Banks ETF (the Fund) seeks to track the performance, before fees and expenses, of the BITA US Banking Select Index (the Index).

Principal investment strategy

Overview The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is constructed using a rules-based methodology that identifies companies in the banking industry with publicly traded ordinary shares listed on Nasdaq or the New York Stock Exchange, as classified by BITA GmbH (the Index Provider). Index Overview: The Indexs initial universe consists of all publicly listed equity securities for which sufficient relevant information is available from public sources. The initial universe is screened using the following criteria, which are based on each companys financial information for the most recent quarter: A. Banking Industry : To be eligible for inclusion, a company must be classified as operating within the banking industry according to a rules-based methodology defined by the Index Provider.

This classification is determined by applying the following predefined criteria: According to BITAs thematic data methodology, to be eligible companies must have a Thematic Exposure Score of at least 50%. A companys total Thematic Exposure Score is equivalent to the sum of the revenue derived by the company from relevant products, services, and business activities (PSA), as a proportion of the companys total revenue. BITA approaches the construction and research of Themes through the mapping of PSA into a set of granular Sub-Themes designed to facilitate the construction of heavily focused index and data products. The universe includes companies whose PSA are integral to the banking ecosystem. These companies operate across the following Sub-Themes: ? Diversified Banking Franchises : Companies that operate on a national or global scale with a diverse mix of revenue streams.

These firms provide a broad range of financial services, including retail banking, commercial and corporate lending, payment processing, and wealth management services. Their operations often combine traditional banking with capital markets or insurance activities. ? Regional & Community Banking : Companies that focus their banking operations within specific geographic regions or local communities. These firms are primarily engaged in traditional banking activities such as gathering local deposits and providing mortgage, consumer, and small business loans to their immediate market. Their business model is typically characterized by a strong reliance on net interest income derived from the spread between deposit rates and lending rates. B. Market Capitalization : Companies with a free float market capitalization (i.e., the total market value of a companys shares that are readily available for public trading, excluding shares held by insiders or controlling shareholders) of at least $10 billion.

C. Exchange Requirement : To be eligible for inclusion, a companys shares must be listed on Nasdaq or the New York Stock Exchange. D. Ordinary Shares : The Index includes only ordinary shares of eligible companies. Ordinary shares represent ownership in a company and typically give shareholders the right to vote and receive dividends. Companies that meet the foregoing screens are included in the Index. The Index is expected to be comprised of 18 constituents; however, the number of constituents will vary over time. The Index is reconstituted and rebalanced quarterly (reconstitution means the Index is updated with new eligible companies based on current data; rebalancing means the weights of the companies in the Index are adjusted). In addition, the Index Provider may determine to substitute an Index constituent or make an extraordinary adjustment to the Index if it determines an extraordinary event has occurred.

The determination date for regular adjustments takes place on the first Friday of the rebalancing month. On each determination day, Index constituents are weighted according to their free-float market capitalization. In addition, the Index methodology includes the following capping constraints to limit the amount that an issuer or issuers can make up of the Index: (1) no single issuer may exceed 25% of the Index weight; and (2) all issuers with individual weights above 4.5% may not, in the aggregate, exceed 45% of the total Index weight. To the extent the Index is concentrated in a particular industry or industries, the Fund is expected to be concentrated in that industry or industries. It is expected that the Index will be concentrated in the Banking industry. The Index is owned, calculated, administered, and disseminated by the Index Provider.

The Index Provider is not affiliated with the Funds investment adviser, Tidal Investments LLC (the Adviser). The Funds Investment Strategy Under normal circumstances, the Fund will invest at least 80% of the Funds net assets (plus borrowings for investment purposes) in component securities that make up the Index. The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Adviser believes it is in the best interests of the Fund.

For example, representative sampling may be used when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index. The Fund is classified as non-diversified, which means the Fund may invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund.

PBUB Costs and Fees

PBUB costs about $14 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.14%
• Gross expense ratio: 0.14%

PBUB Debt Constituents

No individual debt constituents are reported in Portfolio Building Block US Banks ETF's latest SEC N-PORT filing.

PBUB Prospectus and SEC Filings

Official Portfolio Building Block US Banks ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-05-19

Related Funds

Related funds tracked on ABC INVEST:

• Voya Multi-Sector Income ETF (VMSB)
• Voya Ultra Short Income ETF (VUSI)
• Voya Core Bond ETF (VCOB)
• LOGIQ Contrarian Opportunities ETF (LCO)
• China AI ETF (AICH)

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.