PBSRX: Polen US Small Company Growth Investor

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PBSRX Polen US Small Company Growth Investor


Profile

PBSRX - Profile

Vitals

  • YTD Return 24.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $49.9 M
  • Holdings in Top 10 44.8%

52 WEEK LOW AND HIGH

$15.29
$8.55
$15.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $3,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return 24.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.18%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Polen U.S. Small Company Growth Fund
  • Fund Family Name
    Polen Capital
  • Inception Date
    Feb 07, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tucker Walsh

Fund Description

The fund typically invests in a focused portfolio of common stocks of small companies and, under normal circumstances, it invests at least 80% of its net assets in securities of U.S. issuers that are small companies. The Adviser considers small companies for this purpose to be those companies that, at the time of purchase, are generally within the range of the market capitalizations of companies in the Russell 2000® Index and the S&P SmallCap 600® Index on a rolling three-year basis. The fund is non-diversified.


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Categories

Performance

PBSRX - Performance

Return Ranking - Trailing

Period PBSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.7% -36.4% 68.8% 12.82%
1 Yr 26.2% -44.5% 55.5% 11.29%
3 Yr N/A* -52.4% 28.9% N/A
5 Yr N/A* -38.4% 19.5% N/A
10 Yr N/A* -17.7% 15.2% N/A

* Annualized

Return Ranking - Calendar

Period PBSRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -49.8% 42.9% N/A
2018 N/A -54.2% 13.6% N/A
2017 N/A -73.6% 36.1% N/A
2016 N/A -49.0% 133.1% N/A
2015 N/A -70.7% 8.6% N/A

Total Return Ranking - Trailing

Period PBSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.7% -36.4% 68.8% 12.82%
1 Yr 26.2% -44.5% 55.5% 11.29%
3 Yr N/A* -22.0% 35.0% N/A
5 Yr N/A* -17.4% 23.3% N/A
10 Yr N/A* -7.9% 25.6% N/A

* Annualized

Total Return Ranking - Calendar

Period PBSRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -49.8% 42.9% N/A
2018 N/A -54.2% 14.5% N/A
2017 N/A -8.4% 42.0% N/A
2016 N/A -16.4% 133.1% N/A
2015 N/A -59.6% 19.3% N/A

NAV & Total Return History


Holdings

PBSRX - Holdings

Concentration Analysis

PBSRX Category Low Category High PBSRX % Rank
Net Assets 49.9 M 5.02 M 26.4 B 83.94%
Number of Holdings 30 1 1993 99.05%
Net Assets in Top 10 18.5 M 753 K 2.93 B 80.13%
Weighting of Top 10 44.79% 5.1% 100.0% 2.70%

Top 10 Holdings

  1. AppFolio Inc A 6.02%
  2. Exponent Inc 4.94%
  3. Fox Factory Holding Corp 4.90%
  4. Wingstop Inc 4.70%
  5. Pool Corp 4.67%
  6. Globant SA 4.43%
  7. Masimo Corp 4.14%
  8. Floor & Decor Holdings Inc 3.77%
  9. Etsy Inc 3.64%
  10. Trex Co Inc 3.58%

Asset Allocation

Weighting Return Low Return High PBSRX % Rank
Stocks
95.90% 84.72% 100.95% 80.13%
Cash
4.10% -4.85% 16.82% 19.08%
Preferred Stocks
0.00% 0.00% 3.86% 17.33%
Other
0.00% -14.02% 11.74% 25.44%
Convertible Bonds
0.00% 0.00% 0.16% 5.88%
Bonds
0.00% 0.00% 3.66% 7.63%

Stock Sector Breakdown

Weighting Return Low Return High PBSRX % Rank
Technology
33.73% 2.71% 81.98% 7.47%
Consumer Cyclical
32.16% 0.00% 32.16% 0.32%
Healthcare
9.35% 0.08% 54.38% 97.30%
Industrials
8.88% 1.13% 32.81% 93.16%
Consumer Defense
7.21% 0.00% 18.15% 17.33%
Financial Services
5.56% 0.00% 22.83% 58.51%
Basic Materials
3.11% 0.00% 12.65% 21.14%
Utilities
0.00% 0.00% 6.57% 36.88%
Real Estate
0.00% 0.00% 10.46% 83.62%
Energy
0.00% 0.00% 5.19% 57.39%
Communication Services
0.00% 0.00% 12.66% 84.90%

Stock Geographic Breakdown

Weighting Return Low Return High PBSRX % Rank
US
95.90% 80.10% 100.58% 31.16%
Non US
0.00% 0.00% 12.07% 88.55%

Expenses

PBSRX - Expenses

Operational Fees

PBSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.34% 0.06% 36.03% 6.25%
Management Fee 1.00% 0.05% 1.50% 85.51%
12b-1 Fee 0.25% 0.00% 1.00% 29.18%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PBSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PBSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 3.51%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PBSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 9.00% 474.00% 57.12%

Distributions

PBSRX - Distributions

Dividend Yield Analysis

PBSRX Category Low Category High PBSRX % Rank
Dividend Yield 0.39% 0.00% 26.55% 2.54%

Dividend Distribution Analysis

PBSRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PBSRX Category Low Category High PBSRX % Rank
Net Income Ratio -1.18% -2.35% 1.11% 87.18%

Capital Gain Distribution Analysis

PBSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PBSRX - Fund Manager Analysis

Managers

Tucker Walsh


Start Date

Tenure

Tenure Rank

Nov 01, 2017

2.75

2.8%

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

Rayna Lesser Hannaway


Start Date

Tenure

Tenure Rank

Sep 01, 2018

1.92

1.9%

Ms. Lesser Hannaway joined Polen Capital in 2017. She is co-portfolio manager of the firm’s U.S. Small Company Growth strategy and lead portfolio manager of the U.S. SMID Growth strategy. Prior to joining Polen Capital, she spent nine years in portfolio management and two years as a research analyst at Fidelity Investments in Boston evaluating small and mid-cap companies. She also spent nine years working in small cap research for Jennison Associates and Lord Abbett & Company. Ms. Lesser Hannaway received a B.A. in Economics from Barnard College, a division of Columbia University, where she graduated summa cum laude in 1996. Ms. Lesser Hannaway is a CFA® charterholder since 2000. She is a current member of the Board of Trustees at Shore Country Day School and former board member of North Shore Nursery School, both in Beverly, Massachusetts, and is actively involved with Big Brothers Big Sisters of Massachusetts Bay.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.92 8.25 3.33