Polen Euro High Yield Bond ETF (PCEB)

About Polen Euro High Yield Bond ETF

The Polen Euro High Yield Bond ETF aims to provide a high level of current income along with capital appreciation by investing primarily in a diversified portfolio of euro-denominated high yield bonds. The Fund seeks to outperform the ICE BofA Euro BB-B High Yield Index on a rolling 3 year basis.

Performance

ETF Performance (%) (as of TBD)

	1M	3M	YTD	1Yr	3Yr	5Yr	10Yr	Inception
Polen Euro High Yield Bond ETF (NAV)	-	-	-	-	-	-	-	-
Polen Euro High Yield Bond ETF (Market Price)	-	-	-	-	-	-	-	-
ICE BofA Euro BB-B High Yield Constrained Index	-	-	-	-	-	-	-	-

Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher. Periods over one-year are annualized. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. For the most current month-end performance data, please call 1.844.363.4898. A fund’s NAV is the sum of all its assets less any liabilities divided by the number of shares outstanding. Market Price refers to the current price at which shares of the ETF can be bought or sold on an exchange during trading hours. It is determined by supply and demand in the market and may differ slightly from the ETF's Net Asset Value (NAV), resulting in a premium or discount to the NAV.

Polen Capital Credit (“Polen Credit”) has contractually agreed to limit the amount of the Fund’s Total Annual Fund Operating Expenses to an annual rate of 0.55% of the Fund’s average daily net assets for all share classes. The Adviser has contractually agreed to waive 0.20% (20 basis points) of its investment advisory fee (the “Fee Waiver”). The Fee Waiver will remain in place for one year after the commencement of the Fund’s operations, unless the Board of Trustees approves its earlier termination.

Historical NAV & Market Price

Download chart data

The inception date for this share class is 5-05-2026. The earliest date for which data is available is 5-05-2026.

Premium/Discount

Number of Days At:

Premium
NAV
Discount

Premium/Discount to NAV

Download chart data

The data presented represents past performance and cannot be used to predict future results.
ETF shares are bought and sold throughout the day on an exchange at market price (not NAV) through a brokerage account, and are not individually redeemed. An ETF premium or discount is the amount the ETF is trading above or below the reported NAV expressed as a percentage of the NAV. When the ETF's market price is greater than its NAV, it is said to be trading at a "premium" and the percentage expressed as a positive number. Conversely, when the market price is less than its NAV, it is said to be trading at a "discount" and the percentage expressed as a negative number. The premium or discount is calculated using the official closing price.

Portfolio

Credit Quality Allocation (% of Portfolio)

TBD

When calculating the credit quality breakdown, the manager uses ratings provided by Moody’s, S&P and/or Fitch. The manager will select the highest rating provided by the designated agencies. If only two designated agencies rate a bond, the rating is based on the highest of the two ratings. If only one of the designated agencies rates a bond, the rating is based on that one rating. Securities that are not rated by all three agencies are reflected as such. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO), such as Moody’s, S&P and Fitch, which evaluates the credit worthiness of an issuer with respect to debt obligations. Credit ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest) and are subject to change without notice. Additional information is available upon request.

Debt Type Allocation (% of Portfolio)

TBD

Fund Information

Asset Class	Leveraged European Credit
Investment Style	Active
Benchmark Index	ICE BofA Euro BB-B High Yield Constrained Index
Exchange	NYSE Arca
Ticker	PCEB
CUSIP	36087T379
Inception Date	5-05-2026
Distribution Frequency	Monthly
Total Expense Ratio	0.75%
Fee Waiver	0.20%
Net Expense Ratio	0.55%
Total Net Assets of Fund (as of TBD)	$9999849.31
30-Day Median Bid/Ask Spread	-
Shares Outstanding	400,000
Daily Volume	-

Assuming the inclusion of temporary expense waivers or reimbursements, the 30-day yield would have been 9.82%. In the absence of temporary expense waivers or reimbursements, the 30-day yield would have been 9.71%.

The Adviser has contractually agreed to waive 0.20% (20 basis points) of its investment advisory fee (the “Fee Waiver”). The Fee Waiver will remain in place for one year after the commencement of the Fund’s operations, unless the Board of Trustees approves its earlier termination. 30 Day Median Bid/Ask Spread: The median bid-ask spread is calculated by identifying national best bug and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of at least 30 calendar days, or since the listing date of each Fund if shorter, and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day. Daily Volume: The number of shares or contracts traded in a security or an entire market during a day. Each transaction between a buyer and a seller contributes to the count of total volume.

ICE BofA BB Euro High Yield Index (HE10): This index tracks the performance of euro-denominated, below investment grade (sub-investment grade) corporate bonds that are rated BB—the highest rating within the high yield (or “junk”) bond category. The index includes bonds issued by both financial and non-financial companies in the euro market, providing a benchmark for BB- rated, high yield corporates denominated in euros.