PBEU: Portfolio Building Block European Banks Index ETF
ETF Education Report: Portfolio Building Block European Banks Index ETF (PBEU)
What this ETF is trying to do
The Portfolio Building Block European Banks Index ETF (PBEU) is an exchange-traded fund that focuses on the banking sector in Europe. It holds a variety of different banks within its portfolio. Based on the available data, this ETF contains 59 total holdings.
Top Holdings
Because the list provided is a partial list, these are the largest companies held by the ETF. Please note that holdings can change over time.
• HSBC HOLDINGS PLC (14.64%)
• BANCO SANTANDER SA (9.17%)
• BANCO BILBAO VIZCAYA ARGENTARIA SA (6.83%)
• UNICREDIT SPA (5.47%)
• BNP PARIBAS ACT. CAT.A (4.95%)
• INTESA SANPAOLO (4.53%)
• ING GROEP NV (4.49%)
• LLOYDS BANKING GROUP PLC (3.90%)
• BARCLAYS PLC (3.53%)
• NORDEA BANK ABP (3.13%)
What the numbers show
As of October 5, 2026, the current price of PBEU is $33.32.
When looking at how the fund has performed this year, we look at two different numbers:
• Year-to-Date (YTD) Price Return: This measures only the change in the share price. The YTD price return is approximately 15.68%.
• Year-to-Date (YTD) Total Return: This measures the overall return, which includes both price changes and distributions. The YTD total return is also approximately 15.68%.
Data for one-year and three-year returns was not supplied.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. The distribution yield for PBEU is approximately 0.78%. This number describes the cash distributions relative to the ETF's price.
It is important to remember that a distribution yield is not the same as a total return. Also, the frequency of these payments for this ETF is described as "irregular" or "less frequent," with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be related to NAV changes, they are not the same thing.
For this ETF, there is no severe erosion-risk flag. The erosion score is currently withheld because there is not enough verified price history available to provide a score.
Pros
• The ETF has shown a positive YTD price return of approximately 15.68%.
• The ETF provides exposure to many different large European banking institutions.
Cons
• The distribution yield is relatively low, and the income rating grade is an "F."
• There is insufficient verified price history to provide a formal erosion-risk score.
Beginner takeaway
PBEU is an ETF that tracks European banks. While it has seen a price increase so far this year, it does not offer high levels of frequent cash income. Always remember to look at both the share price movement and the total return when studying an ETF.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | HSBC HOLDINGS PLC | n/a | 14.64% |
| 2 | BANCO SANTANDER SA | n/a | 9.17% |
| 3 | BANCO BILBAO VIZCAYA ARGENTARIA SA | n/a | 6.83% |
| 4 | UNICREDIT SPA | n/a | 5.47% |
| 5 | BNP PARIBAS ACT. CAT.A | n/a | 4.95% |
| 6 | INTESA SANPAOLO | n/a | 4.53% |
| 7 | ING GROEP NV | n/a | 4.49% |
| 8 | LLOYDS BANKING GROUP PLC | n/a | 3.90% |
| 9 | BARCLAYS PLC | n/a | 3.53% |
| 10 | NORDEA BANK ABP | NDA SE:XHEL | 3.13% |