PBMIX — Polen U.S. SMID Company Growth Fund
Data updated: 2025-09-23
PBMIX — Polen U.S. SMID Company Growth Fund. United States Mid Cap Growth Equity · $3.34M AUM. Holdings, fees, performance and SEC filings.
PBMIX Fund Overview
PBMIX — Polen U.S. SMID Company Growth Fund is a US mutual fund managed by FundVantage Trust, categorised as United States Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundVantage Trust
- Category: United States Mid Cap Growth Equity
- Assets under management: $3.34M
- 1-year return: 1.6%
- Ticker: PBMIX
- SEC CIK: 0001388485
- SEC series ID: S000071422
- Share class ID: C000226510
PBMIX Investment Objective and Strategy
Polen U.S. SMID Company Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
Polen U.S. SMID Company Growth Fund (the Fund) seeks to achieve long-term growth of capital.
Principal investment strategy
The Fund typically invests in a portfolio of common stocks of small and mid-cap companies and, under normal circumstances, the Fund invests at least 80% of its net assets in securities of U.S. issuers that are small or mid-cap companies. This 80% policy to invest in small and mid-cap companies may be changed by the Board of Trustees without shareholder approval upon 60 days notice to shareholders. The Adviser considers small and mid-cap companies for this purpose to be those companies that, at the time of purchase, are within the range of the market capitalizations of companies in the Russell 2500 Growth Index. This policy does not require the Fund to sell the security of a small or mid-cap company if such companys market capitalization moves outside the range of the market capitalizations of companies in the Russell 2500 Growth Index; however, additional purchases of such security will be subject to the 20% limitation for securities outside of the Funds small and mid-cap company portfolio.
As of April 30, 2025, the average weighted market capitalization of the issuers in the Russell 2500 Growth Index was $7.12 billion. The Adviser employs a multi-discipline approach to identify opportunities with attractive fundamental, thematic and/or technical traits. The Adviser believes earnings growth drives long-term stock performance and is influenced by changes in a companys internal or external environment. The team refers to the key environmental conditions as primary forces and the change elements as dynamics. Research activities focus on recognizing and understanding four dynamic primary forces that influence a companys earnings power and the valuation associated with that earnings power: (i) competitive advantages, (ii) corporate strategy shifts, (iii) secular themes, and (iv) cyclical business conditions.
The Adviser believes that changes in earnings power produced by primary forces are often not accurately captured in market prices. Thus, compelling investment opportunities are often closely affiliated with primary forces. The team believes that a portfolio of stocks positioned to benefit from one or more of these primary forces should outperform over time. The Adviser aims to construct a portfolio of stocks with key competitive advantages and favorable business conditions. Portfolio construction focuses on industry and factor exposures and seeks to optimize the attractiveness of the overall portfolio against the risks involved in overweight or underweight exposures. An Attractiveness Score reflects the teams evaluation of each investment opportunity across valuation, business model, thematic timeliness, management team, and technical behavior.
The team developed a Balance Mechanism to manage risk by shaping the portfolio profile via a series of constraints on economic sector exposure and factor exposure. Factor constraints are defined by portfolio exposure to a given factor relative to the benchmark exposure deviation. The Fund is non-diversified, which means that a significant portion of the Funds assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors than a diversified mutual fund. Although the Fund may not concentrate (invest 25% or more of its net assets) in any industry, the Fund may focus its investments from time to time in one or more sectors of the economy or stock market. The Fund may sell a security if a companys financial results fall significantly off its projected growth path, either in terms of product sales or market development, or if the company loses a significant advantage; positions may be reduced or eliminated entirely.
The Adviser may also reduce or sell a position if the stock violates clear technical levels. Sells are primarily driven by the Attractiveness scores, which are evaluated by the team on an ongoing basis. Each investment is purchased with an open-ended time horizon but is expected to average between one and two years. Actual time horizons range from a few months to more than four years.
PBMIX Holdings
Top 10 holdings of Polen U.S. SMID Company Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| SoFi Technologies Inc | 4.62% |
| BWX Technologies Inc | 4.47% |
| Carvana Co | 4.18% |
| Dreyfus Government Cash Management | 3.97% |
| Embraer SA | 3.71% |
| Talen Energy Corp | 3.40% |
| Cameco Corp | 3.38% |
| NRG Energy Inc | 3.31% |
| Joby Aviation Inc | 3.27% |
| Bloom Energy Corp | 3.23% |
PBMIX Portfolio Allocation
Asset-class allocation of Polen U.S. SMID Company Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 4.0% |
PBMIX Performance
Total returns for PBMIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.6% |
| 3 years (annualised) | 4.5% |
PBMIX Risk Information
Risk metrics for PBMIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.0%
PBMIX Costs and Fees
PBMIX costs about $105 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.05%
- Gross expense ratio: 2.09%
- Portfolio turnover: 58%
- Brokerage commissions: 7.26 bps of average net assets (SEC N-CEN)
PBMIX Cashflows
Over the 12 months to 2025-07, Polen U.S. SMID Company Growth Fund had net outflows of $14.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-07 | −$178.55K |
| 2025-06 | −$474.46K |
| 2025-05 | −$52.15K |
| 2025-04 | −$2.41M |
| 2025-03 | −$459.79K |
| 2025-02 | −$103.02K |
PBMIX Debt Constituents
No individual debt constituents are reported in Polen U.S. SMID Company Growth Fund's latest SEC N-PORT filing.
PBMIX Prospectus and SEC Filings
Official Polen U.S. SMID Company Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-08-28
- Prospectus (485BPOS) — filed 2024-08-28
- Prospectus (485BPOS) — filed 2023-08-28
- Portfolio holdings (N-PORT) — filed 2025-09-23
- Portfolio holdings (N-PORT) — filed 2025-06-25
- Portfolio holdings (N-PORT) — filed 2025-03-25
- Annual census (N-CEN) — filed 2025-07-07
- Annual census (N-CEN) — filed 2024-07-15
Related Funds
Other United States Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.