Polen Capital Global Equity Fund

This webpage is a marketing communication intended for Professional Clients use only. This material is for information purposes only, is not a recommendation, financial analysis or advice, and does not constitute a solicitation, invitation or offer to purchase or sell the Fund in any jurisdiction where such offer, solicitation or invitation would be unlawful. All investors should seek professional advice prior to any investment decision, in order to determine the risks associated with the investment and its suitability.

There can be no assurance that the professionals currently employed by Polen will continue to be employed by Polen or that the past performance or success of any such professional serves as an indicator of such professional's future performance or success. For illustrative purposes only

This material is based on sources that Polen considers to be reliable at the time of publication. Data, opinions and analysis may be changed without notice. Polen accepts no liability whatsoever, whether direct or indirect, that may arise from the use of information contained in this material. Polen can in no way be held responsible for any decision or investment made on the basis of information contained in this material. The information contained shall not be copied, reproduced, modified, translated or distributed without the prior written approval of Polen.

Holdings are subject to change. The top holdings, as well as other data, are as of the period indicated and should not be considered a recommendation to purchase, hold, or sell any particular security. There is no assurance that any of the securities noted will remain in a portfolio at the time you receive this information. It should not be assumed that any of the holdings discussed were or will prove to be profitable or that the investment recommendations or decisions we make in the future will be profitable. For a complete list of all securities held in this Fund in the prior year please contact [email protected].

Amounts shown are expressed in USD unless otherwise indicated.

Definitions: Weighted Average Market Cap: a weighted average of the price of each security multiplied by the number of shares outstanding all the securities in the portfolio. Polen Long Term EPS Growth Estimate: a Polen Capital estimate of projected long-term earnings growth rates (Earnings Growth is not a measure of future performance). Net Debt/FCF ex lease: measure of a company's ability to pay its obligations with free cash flow excluding leases. P/E Forward: denotes the weighted harmonic average of all the P/E’s of the securities in the Fund’ s portfolio. Return on Invested Capital ex Cash: assesses an investee company’s efficiency at allocating the capital and is measured by operating profit after taxes divided by investment capital excluding cash. Active Share: a measure of the percentage of stock holdings in a manager’s portfolio that differ from the benchmark index.  

Investors should note that, relative to the expectations of the Autorit des Marches Financiers, this UCITS presents disproportionate communication on the consideration on non-financial criteria in its investment policy.

The MSCI ACWI Index is a market capitalization weighted equity index that measures the performance of large and mid-cap segments across developed and emerging    market countries. The index is maintained by Morgan Stanley Capital International.

The Fund is considered to be actively managed in reference to the MSCI ACWI Index (the “Benchmark”) by virtue of the fact that it uses the Benchmarks for performance comparison purposes. Certain of the Fund’s securities may be components of and may have similar weightings to the Benchmarks. However the Benchmarks are not used to define the portfolio composition of the Fund or as a performance target and the Fund may be wholly invested in securities which are not constituents of the Benchmarks.

Risk factors you should consider before investing: The value of investments and any income will fluctuate and investors may not get back the full amount invested. The Fund’s investments are concentrated in the U.S. This means the Fund may become more susceptible to fluctuations in value resulting from adverse economic or business conditions in the U.S., including legal, regulatory, and taxation changes. Changes in exchange rates may have an adverse effect on the value, price, or income of the product. While the Company aims to ensure the accuracy of the data contained in the marketing communication, it is provided for information purposes only. It should not be relied on as the basis for making an investment decision. Operational risk: management, business or administration processes, including those to do with the safekeeping of assets, may fail, leading to losses. Counterparty risk: a counterparty may fail to deliver the proceeds related to the sale of securities by the Fund or in safekeeping of the securities purchased by the Fund. Securities risk: some of the markets or exchanges in  which the Fund may invest may go up and down, and the value of your investment may not increase.

The SRI represents the risk and return profile as presented in the Key Information Document (KID). The lowest category does not imply that there is no risk. The SRI is not guaranteed and may change over time.

All investments involve risks. The risk information in this document is intended to give an idea of the main risks associated with this fund. Any of these risks could negatively impact the value of the fund. Please refer to the Prospectus  and PRIIPS KID available at www.polencapital.com for further information on risks.

Investors should consider the investment objectives, risks and expenses of any investment carefully before investing as described in the Company’s Prospectus.
The management company of the Polen Capital Global Equity Fund is Amundi Ireland Limited, 1 George’s Quay Plaza, George’s Quay, Dublin 2, Ireland. Amundi Ireland Limited is authorised and regulated by the Central Bank of Ireland.

Please note that the management company may de-notify arrangements made for marketing as regards shares of the fund in a Member State of the EU in respect of which it has made a notification.

Polen Capital Investment Funds Plc has not been registered under the United States Investment Company Act of 1940, as amended, nor the United States Securities Act of 1933, as amended (1933 Act). No shares may be offered or sold, directly or indirectly in the United States or to any U.S. person unless the securities are registered under the 1933 Act, or an exemption from the registration requirements of the 1933 Act is available. A “U.S. person” is defined as (a) any individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organized under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income tax regardless of whether such income is effectively connected with a United States trade or business. In the United States, this material may be distributed only to a person who is a “distributor,” or who is not a “U.S. person,” as defined by Regulation S under the U.S. Securities Act of 1933 (as amended).

UK Investors: Investors should read the prospectus, key investor information document, the memorandum and articles of association as well as the annual and semi-annual reports of the Company before investing, copies of which are available free of charge from the fund’s UK Facilities Agent, Polen Capital UK LLP, 1st Floor, 15-18 Austin Friars, London EC2N 2HE, United Kingdom, Tel: 442080570457, email: [email protected]. web: polencapital.com. This marketing communication is issued by the Investment Manager for use with Professional Clients (as defined in the FCA’s Handbook of Rules and Guidance (the “FCA Handbook”) and shall not be distributed to the public.

Swiss Investors: This is an advertising document. This document is for Qualified Investors (as defined in Swiss Collective Investment Schemes Act of 23 June 2006 as amended or supplemented) use only and shall not be offered to the public. The state of the origin of the fund is Ireland. In Switzerland, the representative is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the paying agent is NPB Neue Privat Bank AG, Limmatquai1 / am Bellevue, CH-8024 Zurich. The prospectus, the key information documents or the key investor information documents, the articles of association as well as the annual and semi-annual reports may be obtained free of charge from the representative.

Dubai Investors: This material is provided by Polen Capital Management LLC (DIFC Representative Office) on behalf of Polen Capital Management LLC. Polen Capital Management LLC is regulated by the DFSA as a Representative Office (License Number: CL8527 and DFSA Reference Number: F010363). This document relates to a financial product which is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any prospectus or other documents in connection with this financial product. Accordingly, the DFSA has not approved this document or any other associated documents nor taken any steps to verify the information set out in this document and has no responsibility for it. The financial product to which this document relates may be illiquid and/or subject to restrictions on its resale. Prospective purchasers should conduct their own due diligence on the financial product. If you do not understand the contents of this document, you should consult an authorized financial adviser.

Subscriptions in the Fund will only be accepted on the basis of their latest prospectus available in English or in the local language of EU registration, and/or the PRIIPs KID (available in local language in EU countries of registration) which together with the latest annual and semi-annual reports may be obtained, free of charge, at the registered office of the management company of the Fund, or at polencapital.com.

Fund described may not be available to all investors and may not be registered for public distribution with the relevant authorities in all countries. None of the shares may be offered or sold in the U.S. or to any U.S. person (as such term is defined in Rule 902(k) under the Securities Act).

Notice to HK Investors: In Hong Kong, this content is only being made available to persons falling within the “Professional Investors” category defined in the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (SFC).  By entering this site, you confirm that you fall within the Professional Investors category and you are accessing the website on your own initiative without any solicitation to do so by Polen Capital HK Limited or one of the funds described herein (each, a “Fund”) and that no law or regulation prohibits you from accessing the information on this website. The Fund is not authorized by the SFC and is not publicly offered to all investors in Hong Kong.