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ETF ProvidersTidalPBEU
PBEU
US88635A1051
Passive ETFEquity

PBEU ETF · Portfolio Building Block European Banks Index ETF

The PBEU Exchange Traded Fund (ETF) is provided by Tidal. It is built to track an index: BITA European Banks Index. The PBEU ETF provides physical exposure, so by buying it you actually own parts of all the 48 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 7:57 PM UTC
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CLOSED
This fund is part ofEurope Blended Cap1M perf.-7.20%
Last price
$26.42
-2.39%
1M perf.
-9.46%
1M flows
+€349M
AuM
€367M
E/R
0.13%
Rating
Not rated
ESG Consensus®
esg grade icon
PBEU
$26.42
-2.39%

Performance & flows

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December 12, 2025 → March 12, 2026
0-20246810121416%JANFEBMAR
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PBEU
$27.08
-1.05%
Europe Blended Cap
+1.10%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-9.46%
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-1.05%
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N/AN/AN/A
-10.73%
-5.97%
-5.97%
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Flows

Key fund info

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This ETF's jurisdiction country is not in your region (Europe and Middle East) · 
Main characteristics
Issuer
CUSIP
88635A105
ISIN
US88635A1051
AuM
€367M
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E/R
0.13%
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Replication rating
Not rated
ESG Consensus®
esg grade icon
icon
More details
NAV
3/12/2026
$27.06
1D NAV change
-3.40%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
48
Inception date
11/24/2025
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
BITA European Banks Index
Asset class
Factors
N/A
Investment strategy
The Portfolio Building Block European Banks Index ETF seeks to track the performance, before fees and expenses, of the BITA European Banks Index (the “Index”).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

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Historical risk/return profile

3M1Y3Y5Y
Returns
-1.06%
icon
N/A
N/A
N/A
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

Countries
United Kingdom
29.31%
Spain
19.91%
Italy
14.40%
France
9.60%
Sweden
7.69%
Netherlands
5.30%
Austria
3.08%
Denmark
2.47%
Unavailable
0.30%
Other
7.93%
Sectors
Financials
91.98%
Unavailable
8.03%
Diversification
Total weight of top 15 holdings out of 48
Top 15 holdings
Data as of January 31, 2026
HSBC HOLDINGS
BANCO SANTANDER SA
BBVA
UNICREDIT SPA
BNP PARIBAS
INTESA SANPAOLO
BARCLAYS
ING GROEP
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LLOYDS TSB GRP
GB00BM8PJY71
SOCIETE GENERALE
SE0000427361
STANDARD CHARTERED PLC
CAIXABANK SA
ERSTE GRP BANK
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Sustainability

Integrates ESG criteria
No
SDG

ESG Consensus® by Conser

Data as of December 31, 2025
Methodology

Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about PBEU ETF's sustainability, based on their methodology.

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ESG Consensus®
esg grade icon

ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.


PBEU’s has a Final Sustainability Grade of either C+, C, C-, or D.

This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
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Holdings review
65.56% of holdings have positive scoring
34.74% of holdings have negative scoring
8.30%
35.72%
21.53%
9.81%
24.93%
Consensus levels
Strong
Medium
Weak
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Replication

Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
BITA European Banks GTR Index - USD
Index ticker
BEURBI Index
Index dividend policy
GTR
Replication method
Replication model
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Issuer

Frequently asked questions about PBEU

What does Portfolio Building Block European Banks Index ETF, PBEU, invest in?

PBEU is a Passive ETF. This ETF provides exposure to Large and Mid-Cap European Banks Equities.

Which benchmark or index does PBEU replicate?

PBEU tracks the BITA European Banks GTR Index - USD, through a full replication replication method.

What is the Total Expense ratio (TER) of PBEU?

PBEU carries a total expense ratio (TER) of 0.13%, indicating the annual cost for holding the fund.

When was PBEU launched?

PBEU was introduced to the market on November 24, 2025. It trades on United States

Who is the ETF issuer of PBEU?

Portfolio Building Block European Banks Index ETF, PBEU, is provided by Tidal. Learn more about Tidal here.

What is the current assets under management (AUM) of PBEU?

PBEU oversees €367M in assets as of March 12, 2026.

How has PBEU performed lately?

Based on data from March 12, 2026, PBEU returned -9.46% over the past month, -1.05% over the last three months and -5.97% year-to-date.

What are the latest inflows or outflows for PBEU?

As of March 12, 2026, PBEU recorded net flows of +€346M over the last month and +€387M year-to-date.

Does PBEU distribute dividends?

PBEU follows a distributing dividend policy, meaning it pays out income to investors.

What are the main country or region exposures of PBEU?

As of January 31, 2026, PBEU has significant geographic allocations in United Kingdom, Spain and Italy.

In which sector or theme does PBEU invest in?

As of January 31, 2026, PBEU focuses largely on Financials.

How many securities does PBEU hold and how diversified is it?

As of January 31, 2026, PBEU holds 48 positions in its portfolio, with 75.76% of assets concentrated in its top 15 holdings.

What are the main positions in PBEU?

As of January 31, 2026, PBEU top three holdings include HSBC HOLDINGS, BANCO SANTANDER SA and BBVA.

What is the base currency of PBEU?

The base currency of PBEU is USD.

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