Polen Capital's fees are based on a percentage of assets under management and are payable quarterly. Fees are subject to negotiation based on the circumstances of the client, including the type and size of the account. The standard fee schedule varies based on the investment strategy and the client type (institutional or high net worth). Polen Capital generally imposes a $1,000,000 minimum for starting and maintaining a separately managed account in the U.S. Small Company Growth and U.S. SMID Company Growth strategies, a $10,000,000 minimum in the Global Growth, International Growth, and Global SMID Company Growth strategies ($20,000,000 in the case of accounts invested in strategies where investments are made in non-U. S. ordinary shares rather than ADRs), and a $30,000,000 minimum in the Focus Growth strategy, and $100,000 for starting and maintaining a wrap account, subject to modification at the discretion of Polen Capital.