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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
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
Stocks100.00%
Finance100.00%
Bonds, Cash & Other0.00%
Cash0.00%
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 13.89% and 9.09% of the portfolio correspondingly.
No, PBEU doesn't pay dividends to its holders.
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.