ETF Evaluator:
Polen Capital China Growth ETF ()
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Best Performing in Greater China Region Over the Last Year
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ETF Details
Polen Capital China Growth ETF Overview
Polen Capital China Growth ETF (PCCE) is an actively managed International Equity Greater China Region exchange-traded fund (ETF). Polen Capital launched the ETF in 2024.
The investment seeks to achieve long-term growth of capital.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes), at the time of initial purchase, in equity or equity-related securities of issuers that are located in China. The fund is non-diversified.
About Polen Capital China Growth ETF (PCCE)
There are 3 members of the management team with an average tenure of 2.38 years: June (Ying) Lui (2024), Kevin (Swee Wei) Chee (2024) and Yingying Dong (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI China All Shares NR USD index with a weighting of 100% and Morningstar China Region Category TR USD index with a weighting of 100%. Polen Capital China Growth ETF has 42 securities in its portfolio. The top 10 holdings constitute 55.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Polen Capital China Growth ETF is part of the Equity global asset class and is within the International Equity ETF group. Polen Capital China Growth ETF has 95.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2% There is 95.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Polen Capital China Growth ETF has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PCCE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Polen Capital China Growth ETF expense ratio is high compared to funds in the Greater China Region category. Polen Capital China Growth ETF has an expense ratio of 1.00%, which is 54% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Polen Capital China Growth ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Greater China Region category.
Recently, in the month of July 2026, Polen Capital China Growth ETF returned 1.7%, which earned it a grade of C, as the Greater China Region category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Polen Capital China Growth ETF has a trailing yield of 2.37%, which is below the 3.41% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Polen Capital China Growth ETF Grades
Year to date, the ETF has returned -3.8%, 6.0 percentage points worse than the category, which translates into a grade of D. The fund has returned -0.9% over the past year (grade of D).
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PCCE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PCCE Return (NAV) | 1.7% | -1.0% | -0.9% | na | na | na |
| PCCE Return (Price) | 1.7% | -1.7% | 0.1% | na | na | na |
| NAV +/- Price Return | -0.004% | 0.773% | -1.036% | na | na | na |
| Greater China Region Avg | -0.9% | -2.5% | 14.5% | 8.6% | -1.6% | 5.1% |
| PCCE Grade (NAV) | C | C | D | na | na | na |
| +/- Category (NAV) | 2.6% | 1.6% | -15.4% | na | na | na |
| PCCE Tax-Cost Ratio | na | na | 0.9% | na | na | na |
PCCE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PCCE Return (NAV) | -3.8% | 21.8% | na | na | na | na | na | na | na | na | na |
| PCCE Return (Price) | -5.9% | 20.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.549% | -0.072% | na | na | na | na | na | na | na | na | na |
| Greater China Region Avg | 2.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| PCCE Grade (NAV) | D | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -6.0% | -8.6% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | 34.7% |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | MSCI China All Shares NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Lui June (Ying) (2024), Chee Kevin (Swee Wei) (2024), Dong Yingying (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 42 |
| % in Top 10 Holdings: | 55.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 95.2% |
Portfolio Allocation |
|
| Domestic Stock: | 1.2% |
| Foreign Stock: | 95.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Polen Capital |
| Phone Number: | 800-960-0188 |
| Website: | www.mastersfunds.com |
| Inception Date: | March 14, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.65% |
