NYSE Arca · ETF
Invest in PCFI ETF from India
Indian and foreign residents can buy Polen Floating Rate ETF (PCFI) units directly through Paasa.
By Paasa · Updated
PCFI at a glance
- Price
- $22.52-$0.06 (0.24%)
- Expense ratio
- 0.59%
- Day range
- $22.52 – $22.52
- Assets
- $14.7M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- +0.22%
- 6 months
- -1.62%
- YTD
- -5.97%
- 1 year
- -8.01%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1HEIDRICK & STRUGGLES TERM L 11/24/32 TERM LOAN4.6%
- 2Auction.com LLC (f/k/a Ten-X 05/26/28 Term Loan2.4%
- 3CVET Midco 10/13/29 Term Loan2.2%
- 4WPB Holdco Sa rl 09/23/33 Term Loan2.0%
- 5Learning Care Group (US) No. 2 08/11/28 Term Loan1.8%
- 6BAFFINLAND IRON M 8.75 15JUL2 DFLT1.8%
- 7PROJ EVERGREEN BUYER INC 09/17/33 Term Loan1.7%
- 8LOAN ALCHEMY MERGER SUB 09/23/33 TERM LOAN1.6%
- 9Aruba Investments Holding 11/24/28 Term Loan1.5%
- 10CENGAGE LEARNIN 03/24/31 TERM LOAN1.3%
These 10 are 21.0% of the fund.
Where the money is invested
Countries
- United States91.2%
- Other4.3%
- Luxembourg2.0%
- Canada1.2%
- United Kingdom0.8%
- Netherlands0.4%
How to invest in PCFI from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search PCFI and buy
Find the fund by its ticker, PCFI, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in PCFI from India
What PCFI holds
The Polen Floating Rate Income ETF (PCFI) offers specialized access to the North American fixed income landscape, with the ambition of surpassing the performance of the broader bank loan market throughout a full credit cycle. Its main goal is to generate strong total returns by allocating capital to high-yield, floating-rate bank loans and various other corporate debt instruments issued by middle-market entities in the United States and, to a lesser degree, Canada.
Hold a dollar asset
PCFI is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one PCFI unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy PCFI from India?
Yes. Indian residents can buy Polen Floating Rate ETF (PCFI) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does PCFI invest in?
Its largest holdings are HEIDRICK & STRUGGLES TERM L 11/24/32 TERM LOAN (4.6%), Auction.com LLC (f/k/a Ten-X 05/26/28 Term Loan (2.4%) and CVET Midco 10/13/29 Term Loan (2.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of PCFI?
Polen Floating Rate ETF has an expense ratio of 0.59% a year, taken from the fund's assets rather than billed to you. The fund manages about $14.7M.
How are PCFI dividends taxed in India?
Polen Floating Rate ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PCFI?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one PCFI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $22.52, and there is no minimum trade size.
What happens to my PCFI units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.