1. POLEN GLOBAL GROWTH
Investment Objective
Our Global Growth strategy seeks to achieve long-term growth
by building a concentrated portfolio of outstanding global
businesses with competitive advantages and the potential for
sustained superior growth.
Philosophy
We believe consistent earnings growth is the driver of long-term
stock appreciation. Accordingly, our efforts focus on identifying
and investing in a concentrated portfolio of leading growth
businesses that we believe are capable of delivering
sustainable, above-average earnings growth.
We seek to invest in global businesses with strong and durable
earnings growth driven by a sustainable competitive advantage,
superior financial strength, proven management teams and
value-added products and services. We hold the view that such
exceptional businesses not only have the potential to contribute
outsized returns but are inherently less risky. Their superior
earnings power and financial strength serve as a “Margin of
Safety” for long-term investors.
Product Profile
Inception 1st January 2015
Benchmark MSCI ACWI
Asset Class Global Equity
Benchmark MSCI ACWI
Number of Stock Holdings 25-40
Style Growth
Market Capitalization Large
Active Share 94%
March 2015
Top 10 Holdings*
Securities Sector
% of
Assets
AIA Group Limited Financials 4.91
Visa Inc. Class A Information Technology 4.85
Google Inc. Class C Information Technology 4.63
NIKE, Inc. Class B Consumer Discretionary 4.57
Nestle S.A. Consumer Staples 4.50
Abbott Laboratories Health Care 4.46
Baidu, Inc. Information Technology 4.00
Starbucks Corporation Consumer Discretionary 3.94
Regeneron Inc. Health Care 3.82
O'Reilly Automotive, Inc. Consumer Discretionary 3.80
TOTAL 43.48
Portfolio Characteristics
Characteristics Strategy MSCI ACWI
Average Weighted Market Cap ($mm) 115,206 92,331
P/E Forward 22.9 15.9
Long term Debt/Capital 17.0 34.6
Est. 3-5 Year EPS Growth 15.1%1 11.0%
Dividend Yield 1.1 2.3
1Estimated 3-5 year EPS growth is a Polen Capital estimate.
*Holdings are subject to change. The top holdings, as well as other data, are as of the period indicated, and should not be considered a recommendation to purchase, hold, or sell any particular security.
There is no assurance that any of the securities noted will remain in a portfolio at the time you receive this fact sheet. Actual holdings and percentage allocation in individual client portfolios may vary and
are subject to change. It should not be assumed that any of the holdings discussed were, or will prove to be, profitable, or that the investment recommendations or decisions we make in the future will be
profitable. A list of all securities held in this strategy in the prior year is available upon request.
• Maximum position size of 5% at the time of purchase
• Maximum of 15% in emerging markets
• Typically less than 5% cash
• Typically no allocation to frontier markets
Portfolio Construction

2. Sector Breakdown (%)
Information Technology 36.15
Consumer Discretionary 20.95
Health Care 12.71
Industrials 8.36
Consumer Staples 7.10
Financials 4.91
Materials 1.06
Energy -
Telecommunication Services -
Utilities -
Cash and Equivalents 8.75
FURTHER INFORMATION
Please contact Polen Capital Management
Telephone: 1-800-358-1887
Email: info@polencapital.com
Polen Capital Management, LLC
1825 NW Corporate Blvd., Suite 300
Boca Raton, FL 33431
The primary benchmark for the Fund is the MSCI ACWI which captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,470
constituents, the index covers approximately 85% of the global investable equity opportunity set. Indices are unmanaged and one cannot invest directly in an index. Returns are presented gross and
net of management fees and include the reinvestment of all income.
Visit: www.polencapital.com
Portfolio Manager
Region/Country Allocation (%)
REGION Strategy MSCI ACWI
North America 56.62 54.87
United States 56.62 51.43
Asia/Pacific Ex Japan 16.91 11.31
China 9.55 1.70
Hong Kong 4.91 1.81
Australia 2.45 2.54
Africa/Mideast 2.03 1.21
Israel 2.03 0.19
Europe 15.68 23.39
Switzerland 7.61 3.20
Netherlands 1.81 1.09
United Kingdom 5.21 6.86
Denmark 1.06 0.57
Cash and Equivalents 8.75 --
Julian Pick, Global Growth Portfolio Manager & Analyst
Mr. Pick joined Polen Capital in 2014. Mr. Pick is Portfolio Manager
on the firm’s Global Growth strategy. Prior to joining Polen Capital,
Mr. Pick spent the majority of his career as a Research Analyst and
Portfolio Manager with Janus Capital in Denver, Colorado where he
co-managed the Janus Institutional International Equity Portfolio and
the Janus Advisor International Equity Fund. His prior experience
also includes working at Sands Capital Management in Arlington,
Virginia as a Partner and Senior Portfolio Manager where he helped
launch the Sands Global Growth Strategy. Mr. Pick also served as
Managing Director of Global Equities with Deutsche Bank in London.
Mr. Pick received his B.S. with Distinction in Economics from George
Mason University, and is a CFA charterholder.