Separately Managed Account International Equity

Polen International Growth SMA

International Equity, Large Cap

Our International Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of competitively advantaged international businesses with potential for sustained earnings growth.

Strategy Snapshot
Inception Date 01-01-2017
Strategy Assets —
Number of Holdings 28
Style Growth
Benchmark MSCI ACWI (ex-USA)
Portfolio Management

Experience in high quality growth investing.

Daniel Fields, CFA
Portfolio Manager, Director of Research & Analyst
19 years of industry experience
Performance

Composite returns.

QTR
YTD
1 Yr
3 Yr
5 Yr
10 Yr
Inception
Polen International Growth (Gross)
11.48%
-4.30%
-10.37%
0.10%
-2.48%
—
5.81%
Polen International Growth (Net)
11.20%
-4.76%
-11.37%
-1.05%
-3.54%
—
4.83%
MSCI ACWI (ex-USA)
14.49%
13.68%
27.66%
18.80%
8.78%
—
9.84%

Past performance is not indicative of future results. Current performance may be lower or higher. Periods over one year are annualized. Gross and net returns include reinvested income and reflect transaction costs and commissions. Benchmark data source: Bloomberg.

Portfolio

Portfolio overview.

Top ten holdings

Company
Weight
ASML Holding
8.09%
Tokyo Electron
6.05%
MercadoLibre
5.93%
Schneider Electric
5.82%
Spotify Technology
5.71%
Shopify
5.16%
Lonza Group
4.94%
ASM International
4.58%
Tencent Holdings
4.20%
Disco
4.01%
Total
54.49%

Portfolio characteristics

Characteristic
Strategy
Weighted Average Market Cap
$276.6B
Polen Long Term EPS Growth Estimate
19.1%
Net Debt/EBITDA
-0.6x
P/E Forward (12m)
20.9x
Return on Invested Capital ex Cash
33.4%
Active Share
84.6%
5-Yr Annual Turnover
28.8%

GICS sector exposure

Information Technology44.07%
Financials14.47%
Industrials12.56%
Communication Services9.91%
Consumer Discretionary8.48%
Health Care8.23%
Cash2.29%
Risk Statistics

Risk-adjusted returns.

Since inception · As of 06-30-2026

vs. MSCI ACWI (ex-USA)

Strategy
Benchmark
Alpha
-4.05
—
Beta
0.87
1.00
Sharpe Ratio
0.14
0.48
Upside Capture Ratio
80.07
100.00
Downside Capture Ratio
101.49
100.00
Information Ratio
-0.52
—
Standard Deviation
16.24%
15.29%
Materials

Strategy materials.

PDF
SMA Factsheet
Q2 2026
PDF
Quarterly Commentary
Q2 2026
PDF
GIPS Composite Report
Current

Invest in International Growth.

Speak with our team to learn more about the SMA or other vehicle options.

Important Disclosures

Polen Capital claims compliance with the Global Investment Performance Standards (GIPS). This page is supplemental to the fully compliant composite performance disclosure. All performance is calculated in U.S. dollars; returns are presented gross and net of management fees and include reinvested income. Past performance is not indicative of future results.

The MSCI ACWI ex USA Index measures large- and mid-cap stocks across developed and emerging markets, excluding the U.S. It is not possible to invest directly in an index, and index performance does not reflect transaction costs, management fees, or taxes.

Holdings and allocations are as of the date shown, may change, and are not recommendations to buy, hold, or sell a security. Individual client portfolios may differ. The strategy considers material environmental, social, and governance factors in its research; there is no guarantee its investment objective will be achieved.