ETF Evaluator:
Polen Capital Global Growth ETF ()
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Best Performing in Global Large-Stock Growth Over the Last Year
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ETF Details
Polen Capital Global Growth ETF Overview
Polen Capital Global Growth ETF (PCGG) is an actively managed International Equity Global Large-Stock Growth exchange-traded fund (ETF). Polen Capital launched the ETF in 2023.
The investment seeks to achieve long-term growth of capital.
The fund is a non‑diversified, actively-managed exchange-traded fund (“ETF”) that seeks to achieve its objective by investing in a focused portfolio of approximately 25 to 40 common stocks of large capitalization companies that are located anywhere in the world, including companies in both developed and emerging markets, and, in the opinion of the sub‑advisor to the fund, have a sustainable competitive advantage. The fund is non-diversified.
About Polen Capital Global Growth ETF (PCGG)
There are 2 members of the management team with an average tenure of 2.00 years: Damon Ficklin (2023) and Stephen Atkins (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Morningstar gbl Lrge Stock Growth TR USD index with a weighting of 100%. Polen Capital Global Growth ETF has 37 securities in its portfolio. The top 10 holdings constitute 51.1% 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 Global Growth ETF is part of the Equity global asset class and is within the International Equity ETF group. Polen Capital Global Growth ETF has 27.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 70.2% There is 27.9% 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 Global Growth ETF has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $1 billion average for the Global Large-Stock Growth 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.
PCGG 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 Global Growth ETF expense ratio is high compared to funds in the Global Large-Stock Growth category. Polen Capital Global Growth ETF has an expense ratio of 0.85%, which is 37% 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 Global Growth ETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Global Large-Stock Growth category.
Recently, in the month of July 2026, Polen Capital Global Growth ETF returned 1.5%, which earned it a grade of A, as the Global Large-Stock Growth category had an average return of -2.7%. 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 Global Growth ETF has a trailing yield of 0.00%, which is below the 0.27% 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 Global Growth ETF Grades
Year to date, the ETF has returned -7.1%, 11.3 percentage points worse than the category, which translates into a grade of D. The fund has returned -8.5% over the past year (grade of D).
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PCGG 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 |
|
| PCGG Return (NAV) | 1.5% | 1.8% | -8.5% | na | na | na |
| PCGG Return (Price) | 1.3% | 1.7% | -8.5% | na | na | na |
| NAV +/- Price Return | 0.223% | 0.086% | -0.049% | na | na | na |
| Global Large-Stock Growth Avg | -2.7% | 2.1% | 8.9% | 16.9% | 0.0% | 12.8% |
| PCGG Grade (NAV) | A | D | D | na | na | na |
| +/- Category (NAV) | 4.2% | -0.3% | -17.4% | na | na | na |
| PCGG Tax-Cost Ratio | na | na | 0.0% | na | na | na |
PCGG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PCGG Return (NAV) | -7.1% | 1.5% | 12.1% | na | na | na | na | na | na | na | na |
| PCGG Return (Price) | -7.3% | 1.6% | 12.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.027% | 0.060% | 0.023% | na | na | na | na | na | na | na | na |
| Global Large-Stock Growth Avg | 4.2% | 17.3% | 19.0% | 32.9% | -39.1% | 3.0% | 68.9% | 32.4% | -2.6% | 42.3% | -0.6% |
| PCGG Grade (NAV) | D | F | F | na | na | na | na | na | na | na | na |
| +/- Category | -11.3% | -15.8% | -6.9% | 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: | 0.0% |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 56.7% |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI 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: 2 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Ficklin Damon (2023), Atkins Stephen (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 51.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 27.9% |
Portfolio Allocation |
|
| Domestic Stock: | 70.2% |
| Foreign Stock: | 27.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Polen Capital |
| Phone Number: | 800-960-0188 |
| Website: | www.mastersfunds.com |
| Inception Date: | August 29, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.62% |
