In the fourth quarter, balance sheets were sound and our portfolio metrics compared favorably to the Russell 2000 Growth universe.
Polen U.S. Small Company Growth Fund
Our U.S. Small Company Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of outstanding businesses with competitive advantages and the potential for sustained superior growth.
Why Invest in Polen Small Company Growth?
- U.S. 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, superior financial strength, 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||Russell 2000 Growth|
Expertise in High Quality & Growth Investing
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Periods over one-year are annualized. Performance figures shown are for the USD I share class (Institutional), which carry an annual management fee of 1.00%, with a capped annual Ongoing Charge of 1.50%.
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Data shown (%) as of recent calendar quarter end. Periods over one-year are annualized.
Attractive Risk-Adjusted Returns (%)*
Long-Term Performance Strength
The chart pictured above depicts how an investment of $10,000 would have grown from inception through the recent calendar quarter end, based on the actual performance of the strategy over the same period. The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher.
Share Class Details
Top 10 Holdings (% of Portfolio)
GICS Sector Exposure (% of Portfolio)
Annual turnover since inception
Prospectus & Related Documents
Prospectus | FR →
Addendum to Prospectus →
Supplement to Prospectus | FR →
Country Supplement for Denmark →
Consolidated Prospectus for Germany →
Annual Report →
Semi-Annual Report →
Subscription Application Form – Polen Capital Focus US Growth Fund →
Memorandum and Articles of Association →
Remuneration Policy →
Subscription Application Form – Polen Capital U.S. Small Company Growth Fund →
Key Investor Information Documents – Institutional
USD Class (Institutional) (ISIN IE00BYWHB920) | DE | ES | FR | IT →
EUR Class (Institutional) (ISIN IE00BYWHBC56) | DE | ES | FR | IT →
GBP Class (Institutional) (ISIN IE00BYWHBK31) | DE | ES FR | IT →
GBP Class (Institutional Unhedged) (ISIN IE00BYWHBR00) | DE | ES | FR | IT →
GBP Class (Institutional Unhedged Distributing) (ISIN IE00BYWHBS17) | DE | ES | FR | IT →
CHF Class (Institutional) (ISIN IE00BYWHBN61) | DE | ES | FR | IT →
Key Investor Information Documents – Investor
USD Class (Investor) (ISIN IE00BYWHBB40) | DE | ES | FR | IT →
EUR Class (Investor) (ISIN IE00BYWHCN37) | DE | ES | FR | IT →
GBP Class (Investor) (ISIN IE00BYWHBL48) | DE | ES | FR | IT →
CHF Class (Investor) (ISIN IE00BYWHBM54) | DE | ES | FR | IT →
A Class (Investor) (ISIN IE00BYWHBP85) | DE | ES | FR | IT →
C Class (Investor) (ISIN IE00BYWHBQ92) | DE | ES | FR | IT →
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. Actual holding and percentage allocation in individual client portfolios may vary and are subject to change. 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. Average Weighted 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: a Polen Capital estimate of projected long-term earnings growth rates. Long-Term Debt/Capital: denotes the weighted average of each security’s long-term debt divided by the total capital of the security. 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 a company’s efficiency at allocating the capital and is measured by operating profit after taxes divided by investment capital. 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.
The primary benchmark for the Fund is the Russell 2000® Growth Index which measures the performance of those Russell 2000 companies with higher price/book ratios and higher forecasted growth values. The performance of an index does not reflect any transaction costs, management fees, or taxes. Returns are presented net of management fees and include the reinvestment of all income.
Minimum investment: US$250,000,000 for Class D shares, US$250,000 for all other institutional shares, US$100,000 for Class E shares, US$1,000 for all other investor shares (or foreign currency equivalent). *Expense limitation: Polen Capital has agreed to reduce its fees or reimburse the Fund’s operating expenses in order to limit the total annual operating expenses.**USD A shares carry an entry charge of up to 5%. All other shares have no entry charge.
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 manager has expressed views and opinions, these may change. 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. Current performance may be lower or higher than the performance data quoted. Whilst Polen Capital Investment Funds plc 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.
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”). 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, Cadwyn Capital LLP, 13 Lansdowne Gardens, London SW8 2EQ United Kingdom Tel: +44 (0)2076228673, email: firstname.lastname@example.org. 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.
Swiss Investors: The State of the origin of the Fund is Ireland. The representative in Switzerland is ACOLIN Fund Services AG, Affolternstrasse 56, CH-8050 Zurich. The paying agent in Switzerland is NPB Neue Privat Bank AG, Limmatquai 1/ am Bellevue, CH-8024 Zurich. The relevant documents such as the prospectus, the key investor information document (KIIDs), the articles of incorporation as well as the annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The current document is intended for information purposes only and shall not to be used as an offer to buy and/or sell shares. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming shares. Past performance may not be reliable guide to future performance.
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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 4th Floor, One George’s Quay Plaza, George’s Quay, Dublin 2, Ireland.
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