Process downgrade tempers a still-compelling quality growth approach. Polen Focus Growth remains a solid large-growth choice, but lower conviction leads to a Process downgrade to Above Average from High. Unfavorable style headwinds aside, individual stock missteps and being slow to act on conviction have eroded some of our conviction in an otherwise solid quality growth approach. Even so, the strategy still benefits from a deeply experienced team capable of regaining its footing. Investors should pay close attention to fees here, as they vary considerably based on vehicle and share class: US offerings include a mutual fund, an active exchange-traded fund, and separately managed accounts, plus a mutual fund for UCITS investors.
Polen Focus Growth ETF PCLG
Morningstar’s Analysis PCLG
Will PCLG outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 61.5
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Microsoft Corp | 9.22 | 8M | Technology |
NVIDIA Corp | 7.79 | 7M | Technology |
ServiceNow Inc | 6.38 | 6M | Technology |
Alphabet Inc Class C | 6.12 | 5M | Communication Services |
Broadcom Inc | 6.00 | 5M | Technology |
Amazon.com Inc | 5.89 | 5M | Consumer Cyclical |
Visa Inc Class A | 5.46 | 5M | Financial Services |
Mastercard Inc Class A | 5.35 | 5M | Financial Services |
Eli Lilly and Co | 4.77 | 4M | Healthcare |
Oracle Corp | 4.52 | 4M | Technology |