Trust Facts

Share Price 122.50p
NAV per share 127.63p
Discount -4.02%
Capital 202,775,000 shares of 5p

Assets & Gearing

Total Net Assets £258.9m
AIC Gearing Ratio 2.25%
AIC Net Cash Ratio 0.00%
Historic Yield (%) 3.31
Total Number of Positions 70

Top 15 Positions (%)

JPMorgan 5.4
Bank of America 3.9
Chubb 3.1
Mastercard 2.7
Wells Fargo 2.4
Sumitomo Mitsui Financial 2.4
Citigroup 2.3
Oversea-Chinese Banking Corp L 2.2
PNC 2.1
Arch Capital 2.1
Toronto-Dominion 2.1
KBC Groep 2.1
Marsh & McLennan 2.0
Swedbank 2.0
Sampo 2.0

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 81.5
Medium (US$ 0.5bn - 5bn) 14.3
Small (less than US$ 0.5bn) 4.2

Sector Exposure (%)

Banks 61.8
Insurance 12.9
Diversified Financials 7.8
Fixed Income 7.6
Real Estate 3.8
Software & Services 2.7
Cash 3.3

Geographic Exposure (%)

North America 40.9
Europe 20.4
Asia Pac (ex-Japan) 15.2
UK 8.3
Fixed Income 7.6
Japan 3.2
Eastern Europe 1.0
Cash 3.3

Source: Polar Capital. Data as at 31 December 2018. 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.