Polen’s Global Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of outstanding global businesses. Polen Capital (Polen) believe that consistent earnings growth is the primary driver of intrinsic value and long-term stock appreciation. Polen invests in companies they identify as having a durable earnings profile driven by a sustainable competitive advantage, superior financial strength, proven management teams and powerful products/services. By thinking and investing like a business owner and taking a long-term investment approach, Polen believe that clients will best benefit from steady compounding returns generated by the companies held in the portfolio.
Polen Capital embeds ESG analysis into its comprehensive review of a company. Read Polen Capital's commitment to ESG
Why invest
| Number of holdings | 25-30 |
| Style | Growth |
| Benchmark | MSCI ACWI Net Total Return Index, in AUD dollars |
| Fund fact sheet | Download |
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. The firm’s established team manages US$55 billion as of 2023 in total assets and their longest-running flagship investment strategy has delivered on average double digit annual returns for more than 30 years.
Head of the Large Company Growth Team and the lead portfolio manager of the firm’s Global Growth strategy, Damon Ficklin introduces Polen Capital and provides an overview of the investment philosophy and approach to building a concentrated portfolio of outstanding global businesses.
In this video you can learn more about Damon Ficklin, the Head of the Large Company Growth Team and the lead portfolio manager of the firm’s Global Growth strategy.
*this is a forward pricing fund, the price you receive is based on close of market prices.
| Polen Capital Global Growth Fund | MSCI ACWI Net Total Return Index |
Out/Under Performance | |
|---|---|---|---|
| 1 month | 5.56% | 5.88% | -0.32% |
| 3 months | 11.52% | 11.95% | -0.43% |
| 6 months | 11.21% | 11.06% | 0.15% |
| 1 year | 38.31% | 27.54% | 10.77% |
| 2 years (p.a.) | 11.50% | 12.21% | -0.71% |
| Since inception (15 March 2021) | 28.57% | 40.23% | -11.66% |
| Polen Capital Global Growth Strategy** | MSCI ACWI Net Total Return Index |
Out/Under Performance | |
|---|---|---|---|
| 1 month | 5.56% | 5.88% | -0.32% |
| 3 months | 11.52% | 11.95% | -0.43% |
| 6 months | 11.21% | 11.06% | 0.15% |
| 12 months | 38.31% | 27.54% | 10.77% |
| 3 years (p.a.) | 8.87% | 13.14% | -4.27% |
| 5 years (p.a.) | 12.23% | 12.48% | -0.25% |
| 7 years (p.a.) | 14.98% | 12.58% | 2.40% |
| Since inception (31 December 2014) |
224.86% | 171.37% | 53.49% |
| Compound Annual Return Since Inception (31 December 2014) | 13.72% | 11.51% | 2.21% |
| Distribution per unit | |
| June 2023 | 0.00 cents |
| June 2022 | 0.00 cents |
| June 2021 | 0.00 cents |
**Source: Montgomery/Archer. The Fund’s inception date is 15 March 2021. Performance for prior periods is based on the actual performance of the Polen Capital Global Growth strategy managed by Polen Capital since 31 December 2014, adjusted for fees and converted to AUD and assumes all distributions are reinvested. The Fund invests using the identical strategy to the Polen Capital Global Growth Strategy and is advised by the same investment management team managing to the same investment objectives. Past performance is not a reliable indicator of future performance.
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
The Polen Capital Global Growth Fund invests using an identical strategy to the Polen Capital Global Growth strategy. Past performance is not a reliable indicator of future performance.
The issuer of units in the Polen Capital Global Growth Fund (ARSN: 647 518 723) 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 to download from this page 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 and TMD in full.
The information provided is general in nature and 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 this information and consider seeking advice from a licensed 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 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 Large Company Growth team which manages the Polen Capital Global Growth Fund, comprises six portfolio managers and five analysts.
After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in the Polen Capital Global Growth 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 Growth Fund, please see the instructions here.
Download the fund information pack or if you would prefer to talk it over, call David Buckland or Toby Roberts from Montgomery Investment Management on 02 8046 5000 to discuss the Polen Capital Global Growth 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 Growth Fund’s objective is to outperform the MSCI ACWI Net Total Return Index, in Australian Dollars, over a rolling five-year period, net of fees. Returns are not guaranteed.
Polen Capital (Polen) believes that long-term thinking concentrates its focus on owning great businesses rather than buying and selling (trading) stocks for the short-term. Additionally, Polen believes that the share prices of the portfolio companies will be driven by the underlying earnings growth of the business over the long-term. This leads to a positive bias, in Polen’s opinion, toward relatively predictable businesses that can be estimated with conviction.
Polen seeks to reduce risk – meaning risk of permanent capital loss – by investing in fewer, stronger businesses with competitive and financial strengths including little or no net debt and strong free cash flow generation. Polen does not try to make market predictions and hence the portfolios are close to fully invested at all times.
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. Most investments are in larger capitalisation, multi-national and globally competitive companies that tend to earn revenues in several currencies. Many of these companies are also able to match local currency revenues and expenses or enjoy natural currency hedges or directly hedge currency exposure at the corporate level. 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.
Sector allocation is a residual of the stock selection process. Polen Capital typically seeks to limit a portfolio’s allocation to a single sector to approximately 50 per cent and a single industry to 25 per cent. The portfolios have historically had minimal exposure to the financial, industrial materials, utilities, telecom, real estate and energy sectors because businesses within these sectors tend to be capital intensive, cyclical and often heavily regulated and do not meet Polen’s strict requirements for consistency of earnings, free cash flow growth and steady high returns on invested capital.
Country allocation is also a residual of the stock selection process. Typically, Polen invests in businesses in at least five countries and often ten or more. As much as possible, Polen invests in larger and more liquid companies. The stocks in the Polen Capital Global Growth Fund have a market capitalisation greater than US$5 billion.
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 Growth 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.
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
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.
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