Polen Capital Global Small and Mid Cap Fund


Polen Capital Global Small and Mid Cap Fund

ARSN: 652 035 642

The Fund’s investment manager is Montgomery Investment Management Pty Ltd. The fund’s sub-investment manager is Polen Capital Management, LLC. 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. 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.

Important Information 14 December 2023– Investment Manager Arrangements

With regard to Polen Capital Global Small and Mid Cap Fund (ARSN 652 035 642) (Fund) issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) (Fundhost) under the Product Disclosure Statement dated 30 September 2022 (PDS), Fundhost would like to advise that the purpose of this notice is to provide updated information pursuant to ASIC Corporations (Updated Product Disclosure Statements) Instrument 2016/1055 which is not materially adverse to investors in the Fund under the PDS. While these changes are not considered to be materially adverse to investors, they should be taken into account when making a decision to invest under the PDS.

Polen Capital has recently made strategic changes to the investment management team for the Fund, transitioning to a collaborative team approach.

Rob Forker has been replaced by Greg McIntire, CFA, as the Lead Portfolio Manager. Rayna Lesser Hannaway, CFA, Shane Smith, CFA, and Satya Danuloori are now Co-Portfolio Managers, bringing their unique investment market expertise. They are responsible for the North American, European, and Asia-Pacific investments of the portfolio, respectively.

Greg has 20 years of industry experience working in asset allocation, equity portfolio management, risk management, manager selection, and quantitative modelling.

Rayna leads the Polen Capital Small Company Growth Team and is the Lead Portfolio Manager for the firm’s U.S. Small Company Growth and U.S. SMID Company Growth strategies. She has 27 years of industry experience and joined Polen Capital in 2017.

Shane, based in Boston, has worked closely with Rayna since joining Polen Capital in 2019. Before that, he spent seven years at Franklin Templeton.

Satya, with 17 years of industry experience, has a special focus on the Asia-Pacific market.

These four Portfolio Managers are supported by a team of 13 investment professionals from Polen Capital’s Small Company Growth Team and Emerging Markets Growth Team, based in Boston, London, and Hong Kong.

Both Polen and Montgomery Investment Management believe this team-based approach, offering specialised investment market expertise, and a more robust decision-making process will be advantageous to investors in the Fund. This approach will be particularly beneficial when selecting 30-40 high-quality companies from a universe of 8,000 global small and mid-cap company stocks.

Important Notice: 30-09-2023

This Fund is intended for applicants as a satellite allocation (up to 10%) of their total investment portfolio as set out in the target market determination for the Fund.