ETFs that power your portfolio.

Our suite of active ETFs go beyond - powered by a time-tested approach.

Leveraged Credit Team

Leveraged credit market inefficiencies create opportunities. Our active, high-conviction strategies aim to capitalize on them to deliver a significant, durable yield advantage.

Leveraged Credit Team
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Expertise & Collaboration

Our experienced credit specialists take a collaborative approach to investment strategy and security selection, focusing on fundamental research and discerning analysis.


Location: Waltham, MA & London, UK
Head of Team: David Breazzano, Head of Team, Portfolio Manager

Our Investment Philosophy

Exploit Structural Inefficiencies & Mispriced Risk

Maintain Flexibility to Uncover Relative Value Opportunities

Perform Fundamental Analysis & Extensive Due Diligence

Execute Long Holding/Compounding Periods

Meet the Team

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Our Strategic Approach

Leveraged Credit Approach

We strive to generate attractive risk-adjusted returns by employing a disciplined, bottom-up investment process with strict adherence to downside protection. Through rigorous due diligence with an emphasis on preserving a margin of safety, we believe that we can construct concentrated portfolios that can outperform broad high yield indices over a full credit cycle.

Investment Process

Collateralized Loan Obligations (CLOs)

A Distinct Capability Founded On a Rich History

With over 25 years of experience investing in high yield markets and private credit, Polen Capital extends its capabilities to Collateralized Loan Obligations (CLOs). With this capability, we seek to offer a specialized solution built on decades of expertise and a steadfast commitment to managing downside risk. Led by CLO-industry veterans with a distinguished track record, we craft income solutions designed to offer durable and compelling returns.

Learn more about our CLO capabilities

European High Yield

A Focus on Generating Consistent, Risk-Adjusted Returns 

 

Why European High Yield (EHY)?

We believe the European high yield market has evolved from niche to noteworthy, demonstrating resilience through various economic conditions and market shocks. Its growth to become a broad, liquid opportunity set for active managers reflects a maturing of European capital markets, supported by regulatory changes and shifting corporate funding dynamics.

A Focus on Generating Consistent, Risk-Adjusted Returns 

Our approach blends bottom-up insights with a macro lens.

  • Competitive moat
  • Growth prospects
  • Cash flow generation
  • Balance sheets
  • Capital structure
  • Covenants/legal risks
  • Stakeholder incentives

  • Absolute and relative
  • Capital upside potential
  • Income yield
  • Market technicals

  • Confidence in the business
  • View of management
  • View of sponsor
  • Margin for error

  • Credit / default cycle
  • Absolute asset class valuations
  • Compensation for incremental risk (Sector, Beta, Credit)
  • Geopolitical Risk
  • Inflation & interest rate risk
Meet the Team

We believe non-investment grade, middle-market companies exist in an inefficient area of the market, providing us with a source of attractive investment opportunities.

Head of Team, Portfolio Manager

An Experienced, Research-Driven Team

Polen Capital Credit, LLC, a wholly-owned subsidiary of Polen Capital Management, LLC, is an investment adviser registered with the SEC. Please find Polen Capital Credit, LLC ‘s Form ADV linked here.

The information is provided for illustrative purposes only. Opinions and views expressed constitute the judgment of Polen Capital as of the period indicated, may involve a number of assumptions and estimates which are not guaranteed and are subject to change without update. Although the information and any opinions or views given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness, or accuracy. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without update, including any forward-looking estimates or statements which are based on certain expectations and assumptions. The views and strategies described may not be suitable for all clients. This information does not identify all the risks (direct or indirect) or other considerations which might be material to you when entering any financial transaction.

Past performance does not guarantee future results and profitable results cannot be guaranteed.