OPENING SOON

Minimum Investment $25,000


Access to a concentrated best ideas portfolio 
of high-quality global small and mid-cap companies with the potential to deliver sustained superior growth.

Scroll

Overview

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 concentrated portfolio of 25-35 high-quality companies within the global small and mid cap company universe.

Using the unique Polen Flywheel Framework, the Small Company Growth team analyses opportunities to uncover compelling long-term structural growth and determine if the right conditions are in place to identify companies that are well-positioned to deliver significant value over a five-year period.

The investment process is based on deep, balanced, and collaborative research across the eight member team, all located out of Polen Capital’s Boston office, with a focus on companies with high returns on capital and annualised double digit earnings growth. On valuation, research shows that every company Polen Capital owns has the potential to become at least two to five times the size that it is today.

And relative to its mega cap counterparts, with the weighted average market capitalisation of around US$8 billion the Polen Capital Global Small and Mid Cap Fund is expected to offer a concentrated portfolio of interesting fast-growing smaller companies with a huge potential global runway of growth ahead of them.

Polen Capital embeds ESG analysis into its comprehensive review of a company. Read Polen Capital's commitment to ESG.

Fund Profile

Number of holdings 25 - 35
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.

Sub Investment Manager: Polen Capital Management, LLC

Founded in 1979, U.S. based Polen Capital is a high-conviction growth investment manager. The firm’s established team manages close to US$70 billion in total assets and their longest-running flagship investment strategy has delivered on average double digit annual returns for more than 30 years.

WEBINAR RECORDING

Lead Portfolio Manager Rob Forker and Analyst Troy Renauld introduced the Polen Capital Global Small and Mid Cap Fund and provided an overview of the investment philosophy and process. Overall, the goal with this strategy is to deliver compelling double-digit returns with strong downside protection. You can watch the recording here.

About the fund See all videos

 

Introducing the Polen Capital 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.

 

How the Polen Capital Small and Mid Cap Fund selects stocks

In this video Rob Forker discuss how the Polen team analyse opportunities in this exciting asset class. Underlying portfolio selection are the Polen guardrails and the flywheel investment process which in tandem, enable our investment team to identify high quality companies. A company example brings this to life.

Investment Team

Polen Capital has been dedicated to serving investors by providing concentrated portfolios of 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, the most sustainable and exceptional 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. The Small and Mid Cap Growth team is headed up by Tucker Walsh. Rob Forker is the Lead Portfolio Manager of the Polen Capital Global Small and Mid Cap Fund.

Meet our people

Tucker Walsh

Head of Team, Portfolio Manager & Analyst
Read Bio +

Rob Forker

Portfolio Manager & Analyst
Read Bio +

Fund Expected Opening is 30 September 2021

Applications for the Polen Capital Global Small and Mid Cap Fund are expected to open 30 September 2021. 
A link to the PDS and online application form will be provided from this date.

Product Disclosure Statement and Applications

The Product Disclosure Statement and the fund information pack will be sent via email to people who have registered their interest. 

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.

HAVE MORE QUESTIONS?

Frequently Asked Questions

  • 1. 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. 

  • 2. 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. 

  • 3. 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.

  • 4. Does the fund hold a cash weighting?

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

  • 5. 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.

  • 6. 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.

  • 7. 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

  • 8. 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.

Have another question?

Funds

View all funds