The Polen Capital Global Small and Mid Cap Fund is a long only, small and mid cap global equities fund. The Fund typically invests in a high conviction portfolio of what Polen believes to be 50-80 high-quality companies within the global small and mid cap company universe.
The team’s investment philosophy centres on the belief that accelerating growth in revenue and earnings is the primary driver of stock price appreciation over the long term. As a result, the team believes opportunities can be realised by identifying and exploiting key inflection points in a company’s fundamentals as markets are often slow to react to fundamental improvements in a business.
The investment process is based on deep, balanced, and collaborative research across the four member team with a focus on companies with strong and sustainable growth prospects.
| Number of holdings | 50 - 80 |
| Style | Growth |
| Benchmark | MSCI ACWI SMID Cap Net Total Return Index, in AUD dollars |
Montgomery Investment Management has partnered with Polen Capital to manage the investment management function.
Founded in 1979, U.S. based Polen Capital is a high-conviction growth investment manager. As of 2025, the firm’s established team manages over US$50 billion* in total assets and their longest-running flagship investment strategy has delivered on average double digit annual returns for more than 30 years.
*Asset figures include discretionary as well as non-discretionary assets.
The Polen Capital Global Small and Mid Cap Fund has been rated Approved
*this is a forward pricing fund, the price you receive is based on close of market prices.
| Polen Capital Global Small and Mid Cap Fund | MSCI ACWI SMID (AUD) | Out/Under Performance | |
|---|---|---|---|
| 1 month | -1.37% | 2.35% | -3.72% |
| 3 months | -3.11% | 1.30% | -4.41% |
| 6 months | 1.35% | 3.90% | -2.55% |
| 1 year | 6.43% | 12.24% | -5.81% |
| 3 years (p.a.) | 4.73% | 13.66% | -8.93% |
| Since inception (21 October 2021) |
-27.05% | 39.51% | -66.56% |
| Compounded annual return since inception | -6.98% | 7.94% | -14.92% |
| Distribution per unit | |
| June 2025 | 0.00 cents |
| June 2024 | 0.00 cents |
| June 2023 | 0.00 cents |
| June 2022 | 0.00 cents |
Polen Capital Global Small and Mid Cap Fund performance is net of fees and includes reinvestment of all distributions.
The issuer of units in the Polen Capital Global Small and Mid Cap Fund (ARSN: 652 035 642) is the Fund’s responsible entity Fundhost Limited (ABN 69 092 517 087) (AFSL: 233045).
The information provided does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided and consider seeking advice from a financial advisor if necessary.
You should not base an investment decision simply on past performance. The investment returns of the Fund are not guaranteed, and so the value of an investment may rise or fall.
Polen is passionate about its mission to protect and grow its clients' capital while uncovering unique opportunities to invest in some of the world’s most sustainable businesses. Polen has a culture focused on making a meaningful difference in the lives of the investors who entrust it with their financial well-being.
Maneesh Singhal, CFA, is the Lead Portfolio Manager of Polen Capital’s Small and Mid Cap Fund. He is supported by the US Small Company Growth team and the broader firm resources available to him.
The Polen Capital Global Small and Mid Cap Fund's objective is to outperform the MSCI ACWI SMID Cap Net Total Return Index, in Australian Dollars, over a rolling five-year period, net of fees. Returns are not guaranteed.
Polen Capital does not hedge currency risk, and the belief is this would add cost and complexity to the portfolio without materially reducing risk of capital loss. Polen’s expectations are that currency volatility is unlikely to be a material source of risk or return in the portfolio over a typical holding period.
Country allocation is a residual outcome of the stock selection process. Typically, Polen Capital invests in businesses in at least five countries and often ten or more.
The current portfolio has a 45% weighting to North America, 27% to Europe, 17% to Asia Pacific, 5.8% to Latin America and 2% to Africa and the Middle East.
The portfolio is close to fully invested at all times; cash will be minimal.
Our administrator, Fundhost, has a portal that investors can access to see their balance and download all statements. Once invested, you will be given registration details.
Access the Fundhost client log in here:
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Unit prices are published each day on the website: Access Unit Prices
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