Polen High Income ETF
PCHI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1825 NW Corporate Boulevard, Suite 300 Boca Raton FL United States of America 33431
- IPO Date
- Mar 24, 2025
- Website
- fundvantage.com
- Similar Companies
- Business
- Polen High Income ETF (PCHI) is an actively managed exchange-traded fund that seeks total return consisting of a high level of current income and long-term capital appreciation through investments primarily in high yield bonds and leveraged loans. The fund employs Polen Capital Credit LLC's opportunistic high yield strategy, focusing on higher-yielding opportunities in a risk-controlled manner; it holds a diversified portfolio including senior secured loans such as Aveanna Healthcare LLC Initial Term Loan and Bausch & Lomb Corp. Third Amendment Term Loans, as well as high yield bonds like Clydesdale Acquisition Holdings Inc. 6.75% notes and Compass Minerals International Inc. 8.00% notes. PCHI trades on NYSE Arca with a gross expense ratio of 0.63%, adjusted effective duration reflecting its fixed and floating rate mix, and benchmarks against the ICE BofA U.S. High Yield Index. Launched on March 25, 2025, as part of Polen Capital's expansion into active ETFs, PCHI provides a more liquid ETF format for the firm's U.S. Opportunistic High Yield strategy, previously available as a mutual fund, managed account, and qualifying investor alternative investment fund (QIAIF). The ETF is issued by FundVantage Trust and distributed by Foreside Funds Distributors LLC, with portfolio management led by John Sherman, Ben Santonelli, and David Breazzano of Polen Capital Credit LLC, leveraging their expertise in high yield bond and leveraged loan markets. Polen Capital, headquartered in Boca Raton, Florida, simultaneously launched the companion Polen Floating Rate Income ETF (PCFI) on March 24, 2025, broadening its credit ETF lineup amid inflationary pressures and market uncertainty. In December 2025, Polen Capital closed its second collateralized loan obligation (CLO) of the year at $408.45 million, following an initial CLO in March 2025, underscoring the firm's ongoing growth in leveraged credit markets. The fund targets institutional and retail investors seeking income and diversification in U.S. high yield fixed income segments, with potential exposure to Canadian securities and risks including credit, interest rate, liquidity, and high yield volatility. As a newer entrant with assets under management around $21.7 million, PCHI operates without a parent company affiliation for its distributor and emphasizes rigorous research and market cycle navigation.