Trust Facts

Share Price 135.00p
NAV per share 142.37p
Discount -5.17%
Capital 202,775,000 shares of 5p

Assets & Gearing

Total Net Assets £288.7m
AIC Gearing Ratio 0.00%
AIC Net Cash Ratio 1.44%
Historic Yield (%) 3.19
Total Number of Positions 65

Top 15 Positions (%)

JPMorgan 5.7
Mastercard 3.8
Bank of America 3.8
Chubb 3.7
Arch Capital 3.2
Marsh & McLennan 2.5
Citizens Financial Group 2.4
Toronto-Dominion 2.3
AIA Group 2.3
Wells Fargo 2.2
US Bancorp 2.2
Mapletree Commercial Trust 2.1
PNC 2.0
Blackstone Group 2.0
Citigroup 1.9

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 81.1
Medium (US$ 0.5bn - 5bn) 15.3
Small (less than US$ 0.5bn) 3.6

Sector Exposure (%)

Banks 53.0
Insurance 17.1
Diversified Financials 7.7
Fixed Income 7.4
Real Estate 5.1
Software & Services 4.9
Cash 4.9

Geographic Exposure (%)

North America 47.1
Asia Pac (ex-Japan) 15.9
Europe 15.7
Fixed Income 7.4
UK 6.8
Japan 1.4
Eastern Europe 0.8
Cash 4.9

Source: Polar Capital. Data as at 30 August 2019. Note: Totals may not sum due to rounding.

It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request.

Gearing calculations are exclusive of current year revenue.