Damian Bird, CFA
Head of Team, Portfolio Manager & Analyst
Separately Managed AccountInternational Equity
Polen Emerging Markets Growth SMA
Emerging Markets Equity
Our Emerging Markets Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of competitively advantaged global businesses with potential for sustained earnings growth.
Why invest in Emerging Markets Growth?
Global emerging markets growth strategy with a strong emphasis on sustainable earnings growth
Focus on companies with high returns on capital and double-digit earnings growth
Concentrated portfolio of 25–40 high-quality growth companies
Low portfolio turnover with long-term holding periods
Portfolio Management
Dafydd Lewis, CFA
Portfolio Manager & Analyst
Kumar Pandit, CFA
Portfolio Manager & Analyst
Performance
Composite returns.
As of 06-30-2026
| Return series | QTR | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception (07-01-2015) |
|---|---|---|---|---|---|---|---|
| Polen Emerging Markets Growth (Gross) | 31.53% | 28.87% | 34.34% | 19.02% | 5.24% | 7.20% | 6.75% |
| Polen Emerging Markets Growth (Net) | 31.34% | 28.59% | 33.86% | 18.08% | 4.51% | 6.64% | 6.20% |
| MSCI Emerging Markets (Net) | 24.05% | 23.85% | 43.51% | 23.00% | 7.19% | 10.07% | 7.85% |
The inception date of the GIPS compliant composite track record is 07-01-2015, distinct from the strategy's 12-01-2009 inception date. Performance shown prior to March 2023 represents results achieved by the Global Emerging Markets team while certain members were part of Columbia Threadneedle. The team joined the firm on March 1, 2023. The performance results from Columbia Threadneedle are linked to Polen Capital's performance record.
Past performance is not indicative of future results. Current performance may be lower or higher. Periods over one year are annualized. Performance figures are presented gross and net of fees and have been calculated after the deduction of all transaction costs and commissions and include the reinvestment of all income. Benchmark data source: Bloomberg.
Top Ten Holdings
As of 06-30-2026.
% of Portfolio
| Company | Weight |
|---|---|
| TSMC | 12.25% |
| Samsung Electronics | 10.50% |
| SK Hynix | 7.05% |
| Contemporary Amperex Technology | 3.93% |
| SK Square | 3.39% |
| Sanil Electric | 3.22% |
| Tencent Holdings | 3.15% |
| Asia Vital Components | 2.56% |
| Accton Technology | 2.49% |
| MediaTek | 2.41% |
Total Top 1050.95%
Holdings are subject to change and are not a recommendation to purchase, hold or sell any security. Data is for the representative account; individual client portfolios may differ.
Regional Allocation
% of portfolio.
| Region | Weight |
|---|---|
| Asia Ex Japan | 82.38% |
| Latin America | 13.10% |
| Africa/Mideast | 1.08% |
| Cash | 3.44% |
Portfolio Characteristics
As of 06-30-2026.
| Weighted Average Market Cap | $546.2B |
| Net Debt / Equity ex Lease | -0.3x |
| PE Forward (12m) | 13.2x |
| Return on Invested Capital | 23.2% |
These characteristics are not intended to reflect any present or future market performance. Financial characteristics may reflect non-GAAP adjustments to reduce the impact of outliers, potentially erroneous figures or one-time charges. These figures illustrate our process, rather than released accounting data. Additional information is available upon request.
GICS Sector Exposure
% of portfolio.
Portfolio statistics
Since inception.
GIPS track record since 07-01-2015. As of 06-30-2026.
| Statistic | Emerging Markets Growth | MSCI Emerging Markets (Net) |
|---|---|---|
| Alpha | -1.19 | — |
| Beta | 0.92 | 1.00 |
| Sharpe Ratio | 0.22 | 0.32 |
| Upside Capture Ratio | 84.78 | 100.00 |
| Downside Capture Ratio | 92.43 | 100.00 |
| Information Ratio | -0.21 | — |
| Standard Deviation | 18.14% | 17.91% |
Benchmark data source: Bloomberg. Risk statistics use net composite returns over the GIPS verified track record. Past performance does not guarantee future results.
Ready to invest in Emerging Markets Growth?
Speak with our team to learn more or get started.
Important Disclosures
Polen Capital claims compliance with the Global Investment Performance Standards (GIPS). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. This presentation is supplemental information to the fully compliant composite performance disclosure available at polencapital.com. All performance is calculated in U.S. Dollars.
The MSCI Emerging Markets Index is a market capitalization weighted equity index that measures the performance of the large and mid-cap segments across emerging market countries. The index is maintained by Morgan Stanley Capital International. It is impossible to invest directly in an index. The performance of an index does not reflect any transaction costs, management fees, or taxes.
The strategy integrates material environmental, social, and governance (ESG) factors into research analysis as part of a comprehensive evaluation of a company's long-term financial sustainability. There is a risk that the investment techniques and risk analyses applied, including but not limited to the integration of ESG factors into the research analysis, will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available. There is no guarantee that the investment objective will be achieved.