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.
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.
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.
B.A. in Economics
Tucker heads the Small Company Growth team and is lead portfolio manager of the firm's U.S. Small Company Growth strategy.
Tucker joined Polen Capital in 2017 and prior to joining Polen Capital, Tucker spent ten years as CEO and Head of Portfolio Management at Copper Rock Capital Partners and nine years as Managing Director and Head of Small Cap Growth Team at State Street Research.
Tucker also spent seven years working in research for Cowen & Co., Merrill Lynch & Co., Cowen Asset Management and Chilton Investment Company. Tucker received a B.A. in Economics from Washington and Lee University.
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.
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.
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.
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.
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.
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.