BasisRoute my position

Polen Capital

Section 351 Exchange (1 ETF)

OpenContact Polen for windows. Rev. Rul. 2026-20 (2026-09-28) treats a prearranged post-seed swap into a materially different portfolio as taxable. Notice 2026-62 says it does not address seeding with assets that fit the ETF's thesis.

Claim this listingManager's website
Assets
$88.9M
Fee a year
0.49%
Minimum
Not disclosed
Tracking error
Not disclosed
Investors
Not disclosed
Open to
Anyone
Lock-up
None after launch
Holdings
Not disclosed
Benchmark
Not disclosed
Custodians
Not disclosed
Access
Through an advisor, sign up directly
Launched
2025
Assets, in detail
As of 2026-10. Net assets of PCLG, the one ETF launched through the program, on 2026-10-12 (351.tax). PCLG took a $109.4M in-kind seed at launch (2025-09-30).
Fee schedule
Set in each ETF's prospectus.
Other costs
Trading spread and brokerage costs.
Tracking error, method
Not applicable at program level.

Assets over time

$0$50M$100M$150M2025-092026-102025-09: $109M. Sum of the latest value of each fund (Basis)2026-10: $88.9M. Sum of the latest value of each fund (Basis)$88.9M

Funds 1

FundYearAmountNote
Polen Focus Growth ETF (PCLG)2025$88.9M2026-10Expense ratio 0.49%. Net assets $88.9M on 2026-10-12 (351.tax). Launch in-kind seed $109.4M on 2025-09-30 (seed from N-CSR or filings).

Sources

Checked 2026-10. Confidence: low.

Where to get it

The same product costs a different amount through each door. The all-in fee adds the access provider's own fee to the product fee. Placement fees, financing, and fund expenses are extra.

ThroughTheir feeAll-in feeMinimumOnboarding and queueStatus
Direct from Polen CapitalManager0%0.49%Not disclosedPeriodic launch windowsOpen

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