Portfolio Building Block World Ex US Industrials ETF (PBWN)

Portfolio Building Block World Ex US Industrials ETF (PBWN) 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 invests in industrial companies headquartered outside the United States, across developed and emerging markets. The industrials sector includes manufacturers of machinery and capital goods, aerospace and defense, construction and engineering firms, transportation companies and business services providers, whose results tend to follow capital spending and global trade.