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Polen Capital Global SMID Company Growth Fund
Our Global SMID Company Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of outstanding global businesses with competitive advantages and the potential for sustained growth.
Why Invest in Polen Global SMID Company Growth?
- Global growth strategy with a strong emphasis on sustainable earnings growth
- Focus on companies with high returns on capital and double-digit earnings growth
- Concentrated portfolio of approximately 30 high-quality growth companies
- Low portfolio turnover with long-term holding periods
A High Conviction & Quality Approach
We believe that consistent earnings growth is the primary driver of intrinsic value and long-term stock appreciation. We seek to invest in companies with a durable earnings profile driven by a sustainable competitive advantage, financial strength, sound ESG practices, proven management teams and powerful products/services. By thinking and investing like a business owner and taking a long-term investment approach, we believe we can preserve capital and provide stability across market cycles.
|Number of holdings||25-35|
|Benchmark||MSCI ACWI SMID Cap Index|
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Top 10 Holdings (% of Portfolio)
GICS Sector Exposure (% of Portfolio)
Annual turnover since inception
Regional Allocation (% of Portfolio)
Prospectus & Related Documents
Prospectus | FR →
Supplement to Prospectus →
Supplement to Prospectus – List of Sub-Funds →
Annual Report →
Semi-Annual Report →
Subscription Application Form – Polen Capital Global SMID Company Growth Fund →
Data Privacy Statement →
Memorandum and Articles of Association →
Remuneration Policy →
Summary of Investor Rights →
Shareholder Engagement Policy →
Shareholder Engagement Annual Review →
SFDR Disclosures →
Key Investor Information Documents – Institutional
USD Class (Institutional) (ISIN IE000MI2TVK5) →
EUR Class (Institutional) (ISIN IE000SR6EWT0) →
GBP Class (Institutional) (ISIN IE0007FT7OA1) →
GBP Class (Institutional Unhedged Distributing) (ISIN IE000MS5FD69) →
GBP Class (Institutional Unhedged) (ISIN IE0000D0J2C6) →
CHF Class (Institutional) (ISIN IE000A0G5EF3) →
Key Investor Information Documents – Investor
USD Class (Investor) (ISIN IE000AEKNJU1) →
USD Class A (Investor) (ISIN IE000SJR2ZG7) →
USD Class C (Investor) (ISIN IE000YHFFWQ1) →
EUR Class (Investor) (ISIN IE000VV4ECX8) →
GBP Class (Investor) (ISIN IE000VHI9W08) →
CHF Class (Investor) (ISIN IE0009OS4PO4) →
Holdings are subject to change. The top holdings, as well as other data, are as of the period indicated and should not be considered a recommendation to purchase, hold, or sell any particular security. There is no assurance that any of the securities noted will remain in a portfolio at the time you receive this fact sheet. It should not be assumed that any of the holdings discussed were or will prove to be profitable or that the investment recommendations or decisions we make in the future will be profitable. A list of all securities held in this portfolio in the prior year is available upon request.
Active Share: Active share is a measure of the percentage of stock holdings in a manager’s portfolio that differ from the benchmark index. Weighted Average Market Cap: a weighted average of the price of each security multiplied by the number of shares outstanding all the securities in the portfolio. Estimated 3-5 Year EPS Growth: an estimate of projected long-term earnings growth rates of the underlying assets of the Fund. Net Debt/FCF ex lease: measure of a company’s ability to pay its obligations with free cash flow excluding leases. P/E Forward: denotes the weighted harmonic average of all the P/E’s of the securities in the fund’s portfolio. Return on Invested Capital: assesses an investee company’s efficiency at allocating the capital and is measured by operating profit after taxes divided by investment capital. Annual Turnover: percentage of the portfolio’s holdings that have been replaced in a given year. Alpha: is the excess return of an investment relative to the return of the benchmark. Beta: the measure of systemic risk of a portfolio in comparison to the market as a whole. Sharpe Ratio: a ratio of the return on an investment relative to its risk. Information Ratio: a measurement of portfolio returns relative to a given benchmark. Upside Capture: is a statistical measure of overall performance relative to a benchmark during rising markets. Downside Capture: is a statistical measure of overall performance relative to a benchmark during declining markets. Standard Deviation: measurement of the dispersion or volatility of investment returns relative to its mean or average.
MSCI ACWI SMID Cap is a market capitalization weighted equity index that measures the performance of the mid and small-cap segments across developed and emerging market countries. The index is maintained by Morgan Stanley Capital International. The volatility and other material characteristics of the indices referenced may be materially different from the performance achieved by an individual investor. In addition, an investor’s holdings may be materially different from those within the index. Indices are unmanaged and one cannot invest directly in an index.
ESG refers to Environmental, Social, and Governance criteria.
The management company of Polen Capital Global SMID Company Growth Fund is Amundi Ireland Limited, 1 George’s Quay Plaza, George’s Quay, Dublin 2, Ireland. Amundi Ireland Limited is authorised and regulated by the Central Bank of Ireland. Please note that the management company may de-notify arrangements made for marketing as regards shares of the fund in a Member State of the EU in respect of which it has made a notification.
Risk factors you should consider before investing: The value of investments and any income will fluctuate and investors may not get back the full amount invested. Where the Fund’s Investment Manager has expressed views and opinions in this fact sheet, these may change. The Fund’s investments are concentrated in the U.S. This means the Fund may become more susceptible to fluctuations in value resulting from adverse economic or business conditions in the U.S., including legal, regulatory, and taxation changes. All performance data on this fact sheet are in USD currency. Changes in exchange rates may have an adverse effect on the value, price, or income of the product. Whilst the Company aims to ensure the accuracy of the data contained in the factsheet, it is provided for information purposes only. It should not be relied on as the basis for making an investment decision.
Emerging Markets risk: countries where investment markets are considered to be less developed. Investments are generally riskier than those in developed markets because they: may not be as well regulated and laws may be less sophisticated, may be more difficult to buy and sell, may have less reliable arrangements for the safekeeping of investments, or may be more exposed to political and taxation uncertainties. The value of the Fund can go up and down more often and by larger amounts than funds that invest in developed countries, especially in the short term.
Investors should consider the investment objectives, risks and expenses of any investment carefully before investing as described in the Company’s Prospectus.
The Fund has not been registered under the U.S. Investment Company Act of 1940, as amended, nor the Securities Act of 1933, as amended (the “Securities Act”).
The Fund is considered to be actively managed in reference to the MSCI ACWI SMID Cap (the “Benchmark”) by virtue of the fact that it uses the Benchmarks for performance comparison purposes. Certain of the Fund’s securities may be components of and may have similar weightings to the Benchmarks. However, the Benchmarks are not used to define the portfolio composition of the Fund or as a performance target and the Fund may be wholly invested in securities which are not constituents of the Benchmarks.
None of the shares may be offered or sold in the U.S. or to any U.S. person (as such term is defined in Rule 902(k) under the Securities Act).
Amounts shown are expressed in USD unless otherwise indicated.
UK Investors: Investors should read the prospectus and key investor information document before investing, copies of which are available free of charge from the fund’s UK Facilities Agent, Polen Capital UK LLP, 1st Floor, 15-18 Austin Friars, London EC2N 2HE, United Kingdom, Tel: 442080570457, email: [email protected]. This fact sheet is issued by Polen Capital Investment Funds plc. Polen Capital Investment Funds plc was incorporated in Ireland on 17 January 2013 under registration number 522617 and is authorized by the Central Bank of Ireland as a UCITS pursuant to the UCITS Regulations. Polen Capital Investment Funds plc is authorized for distribution in the U.K. by the Financial Conduct Authority.
Please Read and Agree to the Following Conditions of Use
- This site is not intended for distribution or use by citizens or residents of the United States.
- In order to access this site, you must ensure that you satisfy and comply with the local applicable laws and regulations of your particular country.
- We encourage you to contact [email protected] or +1-561-241-2425 for more information or assistance.
By entering this site, you confirm that you are an investor accessing the website on your own initiative without any solicitation to do so by Polen Capital or one of the funds described herein (each, a “Fund”) and that no law or regulation prohibits you from accessing the information on this website.
The Fund is not publicly offered to all investors in all jurisdictions. Certain share classes of the Funds described in the following pages are registered for sale only in the countries listed below:
- Polen Capital Focus U.S. Growth Fund: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the United Kingdom
- Polen Capital International Growth Fund: Ireland and the United Kingdom
- Polen Capital U.S. Small Company Growth Fund: Austria, Germany, Italy, Ireland, Norway, Spain, Switzerland and the United Kingdom
- Polen Capital Global Emerging Markets Growth Fund: Ireland and the United Kingdom
- Polen Capital Global SMID Company Growth Fund: Ireland and the United Kingdom
Further information is available in the prospectus, relevant country supplement and/or other Fund documents.
The information made accessible within this site is made available for informational purposes only and is published in good faith, but Polen Capital makes no representation or warranty, either expressed or implied, to the accuracy or completeness of the information, and it should not be relied on as such. Investors should read the information in the relevant KIID before deciding that an investment in a Fund is suitable to meet their needs. Investors should also read the information in the full Prospectus before investing.
The value of investments in the Fund and the income from them may fall as well as rise and investors may not get back the full value of capital invested. Returns will depend on market conditions, including variation in currency exchange rates and your personal tax circumstances. Past performance is not a reliable guide to future returns.
The Funds are within an umbrella type investment company with variable capital and segregated liability between funds incorporated under the laws of Ireland under registration number 522617. The Fund is authorised by the Central Bank of Ireland pursuant to the European Union (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 and has its registered office at 1 George’s Quay Plaza, George’s Quay, Dublin 2, Ireland.
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