Minimum Investment $25,000

Frequently Asked Questions

• 1. Is this Fund suitable for me? – Target Market Determination (TMD)

  The Fund has a long-term objective and is suitable for those investors willing to assume high risk while seeking capital growth. Statistically, the major share markets produce a negative investment return, on average, every five years (or less) and investors must take the potential for capital loss into consideration. You can learn more in the Target Market Determination (TMD) here.

• 2. What is the fund’s investment objective?

  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 believes that consistent earnings growth is the primary driver of intrinsic value growth and long-term stock price appreciation. Accordingly, efforts focus on identifying and investing in a concentrated portfolio of high-quality growth companies that can deliver sustainable, above average earnings growth. 

  Polen Capital invests in companies that have durable earnings profiles driven by sustainable competitive advantages, superior financial strength, proven management teams and leading products or services. Polen Capital believes such exceptional companies not only have the potential to contribute to outsized returns to the portfolio, but are also inherently less risky, as their greater earnings stability and financial strength offer a “margin of safety” that typically results in less volatility during declining markets. 

• 3. How does the fund deal with currency hedging?

  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. 

• 4. Where does the fund invest?

  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 is based half in the US and Canada, 29% in Europe including the UK and 21% in Asia Pacific including Japan.

• 5. Does the fund hold a cash weighting?

  The portfolio is close to fully invested at all times; cash will be minimal.

• 6. What is the minimum initial investment?

  A minimum initial investment of $25,000 is required.

  You may also add to your initial investment through a lump sum additional investment, minimum of $5,000 which are generally processed daily. We also offer a direct debit monthly savings plan, requiring a minimum investment of $500 per month. This is processed on the 15th of each month or the next business day.

• 7. How often is income paid?

  Any income distributions are paid annually (as at 30 June) and can be reinvested in full back into the Polen Capital Global Small and Mid Cap Fund or paid out entirely to the financial institution account nominated on your application form. You can indicate your choice on the application form.
  
  If you do not make a choice, then distributions will be reinvested. Any distributions reinvested are reinvested at the ex-distribution mid-price.

  Distributions will not be paid by cheque. Distribution payments are typically made within 20 business days after the end of the distribution period. Distributions are not guaranteed.

• 8. How can I see my unit balance and investment value online?

  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: 
  LOGIN

  
  Unit prices are published each day on the website: Access Unit Prices

• 9. How do I increase my holding?

  You can make a form-free additional investment via either BPAY or EFT. Find the full instructions here.

• 10. How do I redeem my funds?

  To redeem your holding, simply fill out the Redemption Request form and have it signed by the authorised signatories on the account. Please see the manage my investments section.

  If Fundhost are paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption instruction.

  In normal circumstances, redemptions are processed daily, with funds generally received back to the investor within 2 business days. The cut off to receive your redemption request to receive that day’s price is 4pm Sydney time. Refer to the PDS for more information.