Polen High Income ETF (PCHI) is an exchange-traded fund in the High Yield Bond category. It has $21.53M in assets, an expense ratio of 0.53% and a 7.65% dividend yield. The fund manager will pursue its investment objective by seeking to outperform, after taking into account fees and expenses, the broader high yield market over a complete credit cycle. The “credit cycle” is a cyclical event that generally occurs over a several year timeframe as access to credit increases or decreases for borrowers.