ICLR - Polen International Growth Q4 2023 Commentary
2024-02-23 05:40:00 ET
Summary
- Polen Capital is a high-conviction growth investment manager. We scour the globe in search of the highest quality, sustainable companies to invest in.
- During the fourth quarter, the International Growth Composite Portfolio outpaced the MSCI ACWI ex-USA Index.
- The Portfolio holds competitively advantaged businesses whose weighted average earnings are expected to grow at a mid-teens rate over time.
Seeks Growth & Capital Preservation (Performance (%) as of 12-31-2023)
| Qtr |
| YTD |
| 1 Yr |
| 3 Yr |
| 5 Yr |
| 10 Yr |
| Inception |
| 15.59 |
| 29.29 |
| 29.29 |
| -0.64 |
| 7.18 |
| - |
| 8.95 |
| Polen International Growth (Net) |
| 15.23 |
| 27.73 |
| 27.73 |
| -1.57 |
| 6.26 |
| - |
| 8.02 |
| MSCI ACWI (ex-USA) |
| 9.75 |
| 15.62 |
| 15.62 |
| 1.55 |
| 7.09 |
| - |
| 6.33 |