Polen Floating Rate Income ETF (PCFI)

Polen Floating Rate Income ETF (PCFI) is an actively managed exchange-traded fund from Polen Capital. The fund seeks current income by investing mainly in floating-rate debt, such as senior secured bank loans issued by below-investment-grade companies.

Floating-rate loans pay interest that resets periodically with short-term benchmark rates, so the fund's income tends to rise and fall with interest rates and its price is less sensitive to rate changes than fixed-rate bonds. Senior secured loans rank at the top of a borrower's capital structure. Polen's credit team selects investments through fundamental, issuer-by-issuer analysis.

Polen Capital is an investment manager based in Boca Raton, Florida, known for its concentrated, research-driven approach, and it offers equity and credit strategies through mutual funds, separate accounts and ETFs.