Portfolio Building Block European Banks Index ETF (PBEU)

Portfolio Building Block European Banks Index ETF (PBEU) is an exchange-traded fund in the Portfolio Building Block series, a lineup of narrowly focused funds intended to be used as components when constructing a diversified portfolio. Each fund in the series isolates a specific sector, industry or region so that investors can adjust exposures precisely.

The fund follows an index of European banks, holding shares of lenders headquartered in European countries. These include large diversified banking groups and more domestically focused retail and commercial banks, whose earnings depend on lending margins, credit quality and economic conditions across Europe. Returns are also influenced by movements of the euro and other European currencies against the U.S. dollar.