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 SMID strategy with a strong emphasis on sustainable earnings growth
- Focus on companies with high returns on capital and double-digit total returns
- Concentrated portfolio of 25-35 high-quality growth companies
- Low portfolio turnover with long-term holding periods
Expertise in High Quality & Growth Investing
This Sub-Fund integrates ESG criteria into its investment process and, in addition, aims to achieve a portfolio ESG score above the ESG score of its benchmark, or investment universe (where there is no benchmark). For full details please refer to the Pre-Contractual Annex available on the Global Distributor website, the Polen Sustainable Investment Policy and the Polen Capital ESG Policy Statement. The decision of the investor to invest in the promoted fund should consider all the characteristics or objectives of the fund.
An investment in the Fund concerns the acquisition of shares in the Fund and not in any underlying asset of the Fund. As a result, shares held in the Fund do not confer any interest or share in any particular part of the assets of the Fund. The value of the investment in the Fund can reduce as well as increase and, therefore, the return on the investment in the Fund will be variable. Income may fluctuate in accordance with market conditions and taxation arrangements.
Please see the Prospectus for further information on the SFDR classification of the fund.
What Are the Risks and What Could I Get in Return?
The risk indicator assumes you keep the product for five years.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
We have classified this product as 5 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely impact our capacity to pay you.
Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depends on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Other risks materially relevant to the product which are not taken into account in the summary risk indicator are: operational risk, counterparty risk and securities risk.
Past performance does not predict future returns.
The performance data quoted represents past performance up to the stated date and does not guarantee future results, and there is a risk of an investor losing all or part of their investment in the Fund. Current performance may be lower or higher. Periods over one-year are annualized. Performance figures shown are net of fees for the USD I share class (Institutional), which carry an annual investment management fee of 1.00%, with an annual Ongoing Charge based on the financial year ending 31 December, 2022 of 1.20%. The performance data is net of fees and does not take account of the commissions and costs incurred on the issue and redemption of units.
Risk-Adjusted Returns (%)*
Morningstar Sustainability Rating™ out of 882 Global Equity Mid/Small Cap funds as of 31-05-23. Based on 98% of AUM. Data is based on long positions only.
The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Polen Capital compensates Morningstar with a subscription fee that enables Polen Capital to access Morningstar databases; however, Polen Capital does not specifically pay Morningstar to obtain the ratings set forth above. Global Small/Mid-Cap Equity Category: category portfolios invest in companies domiciled in developed countries throughout the world.
Share Class Details
Minimum investment: U.S.$250,000,000 for Class D shares, U.S.$250,000 for all other institutional shares, U.S.$100,000 for Class E shares, U.S.$1,000 for all other investor shares (or foreign currency equivalent). *KID Ongoing Charge is as of December 31, 2022 and may be higher or lower and where applicable, the KID Ongoing Charge is equal to the Max Ongoing Charge because such share class has not yet launched. **USD A shares carry an entry charge of up to 5%. All other shares have no entry charge. The ongoing charge cap excludes all portfolio transaction charges. Performance for the various share classes will be more or less depending on differences in fees and ongoing charges. Fees, charges and costs may increase or decrease as a result of currency exchange rate fluctuations. The difference at any one time between the sale and repurchase price of shares in the Fund means that the investment should be viewed as medium term to long term. Entry fees charged will lower returns. The ongoing charges figures shown here are based on expenses for the year ending 31 December 2022. This figure may vary from year to year and the Fund’s annual report for each financial year will include details on the exact charges made. It excludes all portfolio transaction charges and performance fees. For more information about fees and expenses related to the fund, please see the section entitled “Fees and Expenses” in the Prospectus and Fund Supplement available on the Materials tab of this website.
Top 10 Holdings (% of Portfolio)
GICS Sector Exposure (% of Portfolio)
For the avoidance of doubt, the portfolio characteristics are based on the underlying assets of the Fund. This information, along with all other information in the fact sheet is not intended to be construed or understood in any way to equate to the expected or projected future performance/returns of the Fund. The Investment Manager may at any time determine to divest from some or all of the holdings in the Fund and invest in other assets. The information contained in this fact sheet is not a guarantee or indication of the future performance/returns of the Fund. As a result, there is a risk of an investor losing all or part of their investment in the Fund.
Regional Allocation (% of Portfolio)
Polen Capital Global SMID Company Growth Growth Fund – Monthly Info Sheet →
Polen Capital Global SMID Company Growth Growth Fund – Past Performance →
Polen Capital Focus Global SMID Company Growth Growth Fund – Performance Scenarios →
Prospectus & Related Documents
Supplement to Prospectus →
Supplement to Prospectus – Annex II (ESG Disclosure) →
Supplement to Prospectus – List of Sub-Funds →
Country Supplement for Denmark →
Annual Report →
Semi-Annual Report →
Subscription Application Form →
Data Privacy Statement →
Memorandum and Articles of Association →
Summary of Investor Rights →
Shareholder Engagement Policy →
Shareholder Engagement Annual Review →
SFDR Article 8 Sustainability Disclosures →
UK Reporting Fund Status Report to Investors →
PRIIPS Key Information Documents – Institutional
USD Class (Institutional) (ISIN IE000MI2TVK5) | DA | ET | FI | IS | LT | LV | NO | SV →
USD D Class (Institutional) (ISIN IE000YUI9297) | DA | ET | FI | IS | LT | LV | NO | SV →
EUR Class (Institutional) (ISIN IE000SR6EWT0) | DA | ET | FI | IS | LT | LV | NO | SV →
GBP Class (Institutional) (ISIN IE0007FT7OA1) | DA | ET | FI | IS | LT | LV | NO | SV →
GBP Class (Institutional Unhedged Distributing) (ISIN IE000MS5FD69) | DA | ET | FI | IS | LT | LV | NO | SV →
GBP Class (Institutional Unhedged) (ISIN IE0000D0J2C6) | DA | ET | FI | IS | LT | LV | NO | SV →
CHF Class (Institutional) (ISIN IE000A0G5EF3) | DA | ET | FI | IS | LT | LV | NO | SV →
PRIIPS Key Information Documents – Investor
USD Class (Investor) (ISIN IE000AEKNJU1) | DA | ET | FI | IS | LT | LV | NO | SV →
USD Class A (Investor) (ISIN IE000SJR2ZG7) | DA | ET | FI | IS | LT | LV | NO | SV →
USD Class C (Investor) (ISIN IE000YHFFWQ1) | DA | ET | FI | IS | LT | LV | NO | SV →
EUR Class (Investor) (ISIN IE000VV4ECX8) | DA | ET | FI | IS | LT | LV | NO | SV →
GBP Class (Investor) (ISIN IE000VHI9W08) | DA | ET | FI | IS | LT | LV | NO | SV →
CHF Class (Investor) (ISIN IE0009OS4PO4) | DA | ET | FI | IS | LT | LV | NO | SV →
UCITS Key Investor Information Documents – Institutional
USD Class (Institutional) (ISIN IE000MI2TVK5) →
USD D Class (Institutional Unhedged) (ISIN IE000YUI9297) →
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) →
UCITS 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) →
A summary of information about investors’ rights and collective redress mechanisms can be found in English on the Materials tab on this website.
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 view this webpage. 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. For a complete list of all securities held in this Fund in the prior year, please [email protected].
Amounts shown are expressed in USD unless otherwise indicated. +Past performance is no indication of current or future performance. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units.
The 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. It is impossible to invest directly in an index. The performance of an index does not reflect any transaction costs, management fees, or taxes.
Neither past experience nor the current situation are necessarily accurate guides to future growth in value or rate of return.
Active Share: a measure of the percentage of stock holdings in a manager’s portfolio that differ from the benchmark index. Alpha: the excess return of an investment relative to the return of the benchmark. Annual Turnover: percentage of the portfolio holdings that have been replaced in a given year. Beta: the measure of systemic risk of a portfolio in comparison to the market as a whole. Downside Capture: a statistical measure of overall performance relative to a benchmark during declining markets. GICS Sectors: The Global Industry Classification Standard (GICS) is a system for categorizing every public company by economic sector and industry group. Information Ratio: a measurement of portfolio returns relative to a given benchmark. EPS 5 Yr CAGR: 5 Year Compound Annual Growth Rate, or CAGR, of the company’s diluted earnings per share (EPS). Net Debt / EBITDA: is a measurement of leverage, calculated as a company’s interest-bearing liabilities minus cash or cash equivalents, divided by its EBITDA. P/E Forward: denotes the weighted harmonic average of all the P/E’s of the securities in the fund’s portfolio. Return on Equity: assesses a company’s net income divided by its shareholders’ equity. Risk-Adjusted Return: a calculation of the profit or potential profit from an investment that considers the degree of risk that must be accepted in order to achieve it. SFDR: Sustainable Finance Disclosure Regulation. Sharpe Ratio: a ratio of the return on an investment relative to its risk. Standard Deviation: measurement of the dispersion or volatility of investment returns relative to its mean or average. Upside Capture: a statistical measure of overall performance relative to a benchmark during rising markets. Weighted Average Market Cap: a weighted average of the price of each security multiplied by the number of shares outstanding for all the securities in the portfolio. Global Equity Mid/Small Cap Category category portfolios invest in companies domiciled in developed countries throughout the world. Some of these portfolios may include emerging market countries. These portfolios tend to focus on those stocks that are in the mid-cap range and small-cap range for the market capitalization of the stock’s representative regional equity market.
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 … till has made a notification” with the following: “Please note that the management company may decide to terminate the arrangements made for the marketing of its collective investment undertakings 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. 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. Investors should consider the investment objectives, risks and expenses of any investment carefully before investing as described in the Company’s Prospectus.
The Fund invests in foreign markets which involve risks such as social and political instability, market illiquidity, currency fluctuations and limited regulation. Additionally, investing in emerging market countries may be less liquid and more volatile than securities markets in more developed markets or in companies that are less well-established and substantially smaller. These companies may often experience significant price volatility and potential lack of liquidity due to low trading volume of their securities. Substantial risks are involved in trading in OTC markets and there is no guarantee that the Fund will be able to realize the fair value of such securities due to their tendency to have limited liquidity and comparatively high price volatility. Investments in financial derivative instruments including futures, forward contracts and options may be highly volatile and have limited liquidity which could result in major losses to the Fund. Certain derivative instruments in which the Fund may invest are foreign exchange rate sensitive and could amplify risks.
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 Index (the “Benchmark”) by virtue of the fact that it uses the Benchmark for performance comparison purposes. Certain of the Fund’s securities may be components of and may have similar weightings to the Benchmark. However, the Benchmark is 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 Benchmark.
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).
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 webpage is a marketing communication. Please see the Prospectus for additional information on the investment policy, objectives, and strategy of the Fund.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Morningstar Rating is for the share class specified only; ratings for the other share classes will vary. Past performance does not guarantee future results.
The Morningstar Sustainability Rating calculation is a three-step process. First, each fund with at least 67% of assets covered by a company-level ESG score from Sustainalytics receives a Morningstar Portfolio Sustainability Score. The Morningstar Portfolio Sustainability Score is an asset-weighted average of normalized company-level ESG scores with deductions made for controversial incidents by the issuing companies, such as environmental accidents, fraud, or discriminatory behavior. The Portfolio Sustainability Score ranges between O to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies that score well after normalization and controversy-level deductions are applied. Second, the Historical Sustainability Score is an exponential weighted moving average of the Portfolio Sustainability Scores over the past 12 months. The process rescales the current Portfolio Sustainability Score to reflect the consistency of the scores. The Historical Sustainability Score ranges between O to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies that score well after normalization and controversy-level deductions are applied, on a consistent historical basis. Third, the Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar Global Categories in which at least thirty (30) funds receive a Historical Sustainability Score and is determined by each fund’s Morningstar Sustainability Rating Score rank within the following distribution: High (highest 10%); Above Average (next 22.5%); Average (next 35%); Below Average (next 22.5%); and Low (lowest 10%). The Morningstar Sustainability Rating is depicted by global icons where High equals 5 globes and Low equals 1 globe. The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Since a Sustainability Rating is assigned to all funds that meet the above criteria, the rating it is not limited to funds with explicit sustainable or responsible investment mandates. Morningstar updates its Sustainability Ratings monthly. Portfolios receive a Morningstar Portfolio Sustainability Score and Sustainability Rating one month and six business days after their reported as-of date based on the most recent portfolio. As part of the evaluation process, Morningstar uses Sustainalytics’ ESG scores from the same month as the portfolio as-of date. Sustainalytics is an independent ESG and corporate governance research, ratings, and analysis firm and is not an affiliated company of Morningstar, Inc. Past performance does not guarantee future results.
©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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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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