Portfolio Building Block European Banks Index ETF Ticker: PBEU
About PBEU
The Portfolio Building Block European Banks ETF seeks to provide investors with targeted exposure to the performance of leading banking institutions across developed European markets. The fund is designed to track the BITA European Banks Index, a benchmark that captures the strength and stability of Europe’s financial sector.
About the Underlying Index
The BITA European Banks Index measures the performance of publicly listed banks operating in developed European economies. Eligible constituents are companies deriving a significant portion of their revenues from traditional and institutional banking activities—such as retail lending, payments and cash management, treasury services, infrastructure support, and compliance solutions.
Fund Details
| Fund Inception | 11/24/2025 |
| Fund Name | Portfolio Building Block European Banks Index ETF |
| Ticker | PBEU |
| Primary Exchange | Nasdaq |
| CUSIP | 88635A105 |
| Gross Expense Ratio | 0.13% |
| 30 Day SEC Yield* As of 12/31/2025 | 3.36% |
*The subsidized SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. This is also referred to as the “standardized yield,” “30-Day Yield” and “Current Yield”.
Fund Data & Pricing
| Net Assets | $41.54m | ||
| NAV | $30.54 | ||
| Shares Outstanding | "1 | 360 | 000" |
| Premium/Discount Percentage | N/A | ||
| Closing Price | N/A | ||
| Median 30 Day Spread* | N/A |
As of: 01/28/2026
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
Inception Date: 11/24/2025
As of: 01/30/2026
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception (Cumulative) | Since Inception (Annualized) | Date |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio Building Block European Banks Index ETF | PBEU MKT | 8.7 | - | - | - | - | - | - | - | - | - | 12/31/2025 |
| Portfolio Building Block European Banks Index ETF | PBEU NAV | 8.97 | - | - | - | - | - | - | - | 15.12 | - | 12/31/2025 |
As of: 01/30/2026
| Fund Name | Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception (Cumulative) | Since Inception (Annualized) | Date |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio Building Block European Banks Index ETF | PBEU MKT | 8.7 | - | - | - | - | - | - | - | - | - | 12/31/2025 |
| Portfolio Building Block European Banks Index ETF | PBEU NAV | 8.97 | - | - | - | - | - | - | - | 15.12 | - | 12/31/2025 |
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (877) 955-2433.
Short term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, weekly. There is no guarantee these distributions will be made.
Top 10 Holdings
As of: 01/29/2026
Holdings are subject to change without notice.
| Date | Account | StockTicker | CUSIP ▲ | Name ▲ | Shares ▲ | Price ▲ | Market Value ▲ | Weightings ▲ | NetAssets | SharesOutstanding |
|---|---|---|---|---|---|---|---|---|---|---|
| 01/29/2026 | PBEU | HSBA | 0540528 | HSBC HOLDINGS PLC | 342687.0 | 12.59 | 5947897.76 | 14.3193% | ||
| 01/29/2026 | PBEU | SAN | 5705946 | BANCO SANTANDER SA | 293741.0 | 10.60 | 3718249.39 | 8.9515% | ||
| 01/29/2026 | PBEU | BBVA | 5501906 | BANCO BILBAO VIZCAYA ARGENTA | 113862.0 | 21.02 | 2858653.72 | 6.8821% | ||
| 01/29/2026 | PBEU | UCG | BYMXPS7 | UNICREDIT SPA | 28404.0 | 72.26 | 2451475.13 | 5.9018% | ||
| 01/29/2026 | PBEU | BNP | 7309681 | BNP PARIBAS | 19825.0 | 90.39 | 2140344.17 | 5.1528% | ||
| 01/29/2026 | PBEU | ISP | 4076836 | INTESA SANPAOLO | 276047.0 | 5.87 | 1935401.90 | 4.6594% | ||
| 01/29/2026 | PBEU | BARC | 3134865 | BARCLAYS PLC | 280160.0 | 4.80 | 1853721.60 | 4.4627% | ||
| 01/29/2026 | PBEU | INGA | BZ57390 | ING GROEP NV | 60938.0 | 24.84 | 1808328.09 | 4.3535% | ||
| 01/29/2026 | PBEU | LLOY | 0870612 | LLOYDS BANKING GROUP PLC | 1192178.0 | 1.04 | 1718048.94 | 4.1361% | ||
| 01/29/2026 | PBEU | NWG | BM8PJY7 | NATWEST GROUP PLC | 162112.0 | 6.57 | 1469233.61 | 3.5371% |
Fund Documents
Purchase
The Fund (PBEU) is available through various channels including via phone (877) 955-2433, broker-dealers, investment advisers, and other financial services firms, including:
