Polen Capital Large Cap Growth.pdf
PDF 351 KB Posted
- Attached to
- T2327 - Defined Contribution Retirement Program Administrative Services: NJSEDCP & NJDCRP
- Solicitation number
- 26DPP01201
- Issued by
- New Jersey
About this file
This is a product specification document for the Polen Capital Large Cap Growth fund, managed by Prudential Retirement Insurance and Annuity Company. The document details investment characteristics and performance metrics for this large-cap growth mutual fund option available under the New Jersey State Employees Deferred Compensation Plan (NJSEDCP) and the New Jersey Defined Contribution Retirement Program (NJDCRP). The Polen Capital Large Cap Growth fund is structured as a separately managed account established and managed by Polen Capital Management, with a primary investment objective of consistent outperformance relative to the broader market while containing investment risks. The fund pursues large-cap growth positions entered slowly via gradual purchasing and exits through organic raising of weighting to an appropriate target level, typically holding approximately 50 to 60 individual positions representing approximately 80 percent of the portfolio. The fund has historically demonstrated no exposure to the Materials, Utilities, Telecom, and Energy sectors due to the company's structural requirements and cyclical business considerations, though the specific exposure details and historical performance vary by market and holding periods.
The fund employs a market capitalization approach with typical holdings not exceeding 10 percent of portfolio allocation and individual position sizes limited to no more than 3 percent under normal circumstances. Performance data presented reflects the most current information available at production, with all balance sheets remaining unaudited as of the reporting date. The document provides detailed performance comparisons using the Standard & Poor's 500 Index as the benchmark metric and includes expense ratio information and fund statistics such as beta calculations and growth rate estimates. Investors should note that market fluctuations and policy changes within the retirement plans may affect performance and fee structures. The fund's pricing structure reflects the bundled service delivery model of the broader retirement plan administration, with investment-related expenses and revenue sharing arrangements managed as part of the comprehensive plan administration agreement between the State of New Jersey and the plan administrator.
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