Perspectives

- Commentary, Video

We focus solely on profitable companies that we believe have durable competitive advantages, self-funding business models, positive cash flow, attractive balance sheets, and favorable liquidity positions.

- Commentary, Video

We prefer to have an allocation to “safety” businesses that we believe will be significantly less impacted during periods of economic stress. These companies often provide ballast during market drawdowns.

- Commentary, Video

Since inception, and for the more than 30 years that we have been executing our investment discipline, we have consistently captured less of the market’s downside during difficult times.

- Commentary, Video

Our active approach to international markets employs Polen Capital’s time-tested guardrails, which steer us clear of investments in highly cyclical corners of the market, like banking and energy.

- Commentary

In the fourth quarter, the Portfolio outperformed the Index and our holdings in the information technology, consumer discretionary, and health care sectors contributed most to Portfolio returns.

- Commentary

Equities performed well in the fourth quarter and our top performers were Microsoft, Align Technology, and Facebook.