|Management Company||KBA Consulting Management Ltd.|
|Custodian||State Street Fund Services (Ireland) Ltd.|
|Investment Manager Distributor||Polen Capital Credit, LLC|
|Cut Off||3:30pm (GMT) Subscriptions T-2; Redemptions T-15|
|Fund Umbrella||Polen Capital Funds ICAV|
|Accounting Year End||31-December|
|SFDR Classification||Article 8|
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 and increase; therefore, the return on the investment in the Fund will be variable. Income may fluctuate in accordance with market conditions and taxation arrangements.
A decision may be taken at any time to terminate the arrangements made for the marketing of the Company in any EEA Member State in which it is currently marketed. In such circumstances, Shareholders in the affected EEA Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification.
Please see the Prospectus for further information on the SFDR classification of the fund.
The information provided does not constitute investment advice or an investment recommendation and is only a brief summary of certain key aspects of the Fund. Investors should read the Prospectus and Prospectus Supplement. Investment objectives, risk information, fees and expenses and other important information about the Fund can be found in the Prospectus and Prospectus Supplement.
This webpage is presented solely for information purposes, and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. We do not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of any investment, and should consult its own legal counsel and financial, actuarial, accounting, regulatory and tax advisers to evaluate any such investment.
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. For a complete list of all securities held in this Fund, please contact [email protected].
Amounts shown in U.S. Dollars unless otherwise indicated. Past performance is no indication of current or future performance.
The ICE BofA U.S. High Yield Index is a broad high yield index that tracks the performance of U.S. dollar-denominated below investment grade corporate debt publicly issued in the U.S. domestic market. The volatility and other material characteristics of such index may be materially different from the performance achieved by the Fund. In addition, the Fund’s holdings may be materially different from those within the index. Such index is unmanaged, and an investor cannot invest directly into an index.
ICE BofA Index composite ratings are the simple averages of ratings from three agencies. For the majority of the ICE BofA index universe, the composite rating is based on the average of Moody’s, Standard & Poor’s (“S&P”) and Fitch. The ICE BofA U.S. High Yield Index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its third party suppliers and has been licensed for use by Polen Capital Credit. ICE Data and its third party suppliers accept no liability in connection with its use. Please contact Polen Capital Credit for a full copy of the disclaimer. Additional information about ratings can be found at www.moodys.com and www.standardandpoors.com. Credit ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). All Fund fixed income securities except for those labeled “Not Rated” have been rated by Moody’s, S&P or Fitch, which are each a Nationally Recognized Statistical Rating Organization (“NRSRO”). Credit ratings for debt issues held in the Fund use the ICE BofA Index composite ratings, which is the same methodology as the benchmark. For debt issues that have credit ratings from all three rating agencies (Moody’s, Standard & Poor’s (“S&P”) and Fitch), the credit rating for such issue is the simple averages of credit ratings from those three agencies. If a debt issue has a credit rating from two rating agencies, then the credit rating for that issue is an average of those two credit ratings is used. If a debt issue is only rated by one rating agency, then that credit rating is used. Credit ratings are subject to change. The Fund uses the same ratings methodology described above.
The Fund’s alternative investment fund manager (“AIFM”) is KBA Consulting Management Limited, 35 Shelbourne Road Ballsbridge, Dublin 2 Ireland. KBA Consulting Management Limited is authorised and regulated by the Central Bank of Ireland.
Polen Capital Opportunistic High Yield Fund (the “Fund”) is a sub-fund within Polen Capital Funds ICAV (the “ICAV"), an umbrella Irish Collective Asset-management Vehicle authorized by the Central Bank of Ireland. The ICAV is a Qualifying Investor Alternative Investment Fund.
Risk Considerations: It is possible to lose money on an investment in the Fund. Fixed income investments are subject to interest rate risk; as interest rates rise, their value will Marline. Lower-rated securities are subject to additional credit and default risks. Investments in bank loans, which are made by banks or other financial intermediaries to borrowers, will depend primarily upon the creditworthiness of the borrower for payment of principal and interest. Trading in Rule 144A securities may be less active than trading in publicly traded securities. Investments with low trading volumes may be difficult to sell at quoted market prices. Investment in the fund should not constitute a substantial proportion of an investor’s portfolio and may not be appropriate for all investors. Diversification and asset class allocation do not guarantee profit or protect against loss.
The Fund promotes an environmental characteristic according to Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) and does not have sustainable investment as its objective. The environmental characteristic promoted by the Fund is to have a lower estimated carbon intensity as compared with the broad high yield fixed income investable universe, as represented by ICE BofA U.S. High Yield Index. For full details, please refer to the Pre-Contractual Annex and accompanying disclosures and the Polen Capital ESG Investment Policy Statement. The decision of the investor to invest in the 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. For more information regarding Fund’s obligations under SFDR, please refer to the SFDR section of the Prospectus Supplement. Currently, the Fund has made no commitment to sustainable investments with an environmental objective aligned with the EU Taxonomy. Polen Capital Credit (“Polen Credit”) integrates various Environmental, Social and Governance (“ESG”) considerations into its investment research and portfolio construction process. Polen Credit believes that ESG factors, like any other factor, should be incorporated in a manner appropriate for the specific asset class, investment objective and style of each investment strategy.
UK Investors: Shares in the ICAV may only be marketed to prospective investors which are domiciled or have a registered office in the United Kingdom (“UK Persons”) if the AIFM has qualified the ICAV for marketing under the Alternative Investment Fund Managers Regulations, 2013, as amended by the Alternative Investment Managers (Amendment, etc.) (EU Exit) Regulations 2019, and in such cases only to UK Persons which are Professional Investors or any other category of person to which such marketing is permitted under the national laws of the United Kingdom. Investors should read the Prospectus and the Prospectus Supplement before investing, copies of which are available free of charge from the Investment Manager, Polen Capital Credit, LLC, 1075 Main Street, Suite 320, Waltham, MA 02145, United States of America, Tel: (781) 283-8500, [email protected].