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About Portfolio Building Block European Banks Index ETF
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Inception date
Nov 24, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US88635A1051
PBEU is passively managed, providing targeted exposure to pure-play banks across developed European markets. The fund follows BITAs thematic methodology, selecting companies that derive at least 50% of their revenue from banking-related products, services, or activities. Eligible securities must operate within one or more core banking sub-themes, including retail, SME & digital banking, corporate & institutional banking, payments & cash management, risk & compliance operations, and treasury. The portfolio typically holds 5070 constituents, weighted by free-float market capitalization. The index is reconstituted and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks127.32%
Finance100.00%
Bonds, Cash & Other−27.32%
Cash−27.32%
Stock breakdown by region
Europe100.00%
North America0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PBEU top holdings are HSBC Holdings Plc and Banco Santander, S.A., occupying 18.62% and 11.30% of the portfolio correspondingly.
PBEU assets under management is 63.36 M USD. It's risen 124.16% over the last month.
PBEU fund flows account for 61.70 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PBEU pays dividends to its holders with the dividend yield of 0.01%. The last dividend (Dec 26, 2025) amounted to 0.00 USD. The dividends are paid annually.
PBEU shares are issued by Toroso Investments Topco LLC under the brand Portfolio Building Block. The ETF was launched on Nov 24, 2025, and its management style is Passive.
PBEU expense ratio is 0.13% meaning you'd have to pay 0.13% of your investment to help manage the fund.
PBEU follows the BITA European Banks Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBEU invests in stocks.
PBEU price has fallen by −1.64% over the last month, and its yearly performance shows a 12.78% increase. See more dynamics on PBEU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.85% over the last month, have fallen by −0.85% over the last month, showed a 0.70% increase in three-month performance and has increased by 0.70% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.85% over the last month, have fallen by −0.85% over the last month, showed a 0.70% increase in three-month performance and has increased by 0.70% in a year.
PBEU trades at a premium (0.60%) meaning the ETF is trading at a higher price than the calculated NAV.