Rob Forker discusses how Polen Capital analyses opportunities in the small and mid-cap asset class and shares insight on their flywheel framework for selecting stocks in the Polen Capital Global Small and Mid Cap Fund.
Portfolio Manager Rob Forker introduces the Polen Capital Small and Mid Cap Fund and provides an overview of the investment philosophy and process to invest in what Polen believe to be the best 25 to 35 companies in the world. Overall, the goal with this strategy is to deliver compelling double-digit returns with strong downside protection.
*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|
(21 October 2021)
|Compounded annual return since inception||-19.82%||0.99%||-20.81%|
|Distribution per unit|
|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 Product Disclosure Statement (PDS) contains all of the details of the offer. Copies of the PDS and Target Market Definition (TMD) are available from Montgomery Investment Management (02) 8046 5000 or at www.montinvest.com and at https://fundhost.com.au.
An investment in the Fund must be through a valid paper or online application form accompanying the PDS. Before making any decision to make or hold any investment in the Fund you should consider the PDS in full.
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 Capital has been dedicated to serving investors by providing concentrated portfolios of what they believe are the highest quality companies for more than three decades. Polen is passionate about its mission to protect and grow its clients’ capital while identifying unique opportunities to access, and invest in, some of the most sustainable businesses worldwide
Polen has a culture of making a meaningful difference in the lives of investors entrusting the firm with their financial well-being.
The Small and Mid Cap Growth team comprises eight portfolio managers and analysts, all based out of Polen Capital’s Boston Office. Rob Forker is the Lead Portfolio Manager of the Polen Capital Global Small and Mid Cap Fund.
B.A. in Government, M.B.A.
Rob is the lead portfolio manager of Polen Capital's International Small Company Growth Strategy.
Rob joined Polen Capital in 2018 and prior to joining Polen Capital, Rob worked for 10 years at Loomis, Sayles & Company with six of those years dedicated to the Global Opportunities Growth Fund as a senior equity analyst and four years as an equity analyst in central research.
Before business school, Rob worked at Bear Stearns and Lehman Brothers on the institutional trading desks. Rob received a B.A. and M.B.A. from the University of Virginia. Rob is a member of the Boston Economic Club.
After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in the Polen Capital Global Small and Mid Cap Fund:
Complete the online application form and ID verification online on the Olivia123 platform
(approx. 10 minutes)
Submit the completed application form online to the Administrator
Transfer the funds and an investment confirmation will be issued directly by the Administrator
For assistance completing your application form, you can speak directly with the Administrator, Fundhost Limited, on 02 8223 5400.
If you wish to make an additional investment (top-up) an existing investment in the Polen Capital Global Small and Mid Cap Fund, please see the instructions here.
The Product Disclosure Statement and the fund information pack will be sent via email to people.
If you would prefer to discuss the new fund, please call David Buckland or Toby Roberts from Montgomery Investment Management on 02 8046 5000 to discuss the Polen Capital Global Small and Mid Cap Fund in more detail.
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.
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, financial strength, proven management teams and leading products or services. Polen Capital believes such 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.
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 is based half in the US and Canada, 29% in Europe including the UK and 21% in Asia Pacific including Japan.
The portfolio is close to fully invested at all times; cash will be minimal.
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.
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.
You can make a form-free additional investment via either BPAY or EFT. Find the full instructions here.
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.