Trust Facts

Share Price146.00p
NAV per share150.99p
Discount-3.30%
Capital202,775,000 shares of 5p

Assets & Gearing

Total Net Assets£306.2m
AIC Gearing Ratio3.66%
AIC Net Cash Ratio0.00%
Historic Yield (%)2.95
Total Number of Positions68

Top 15 Positions (%)

JPMorgan6.5
Bank of America4.5
Mastercard3.4
Chubb3.2
Arch Capital3.0
Citizens Financial Group2.7
Marsh & McLennan2.4
US Bancorp2.4
Wells Fargo2.4
PNC2.3
AIA Group2.3
Toronto-Dominion2.3
Citigroup2.3
KBC Groep2.2
HDFC Bank2.2

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 86.9
Medium (US$ 0.5bn - 5bn) 9.0
Small (less than US$ 0.5bn) 3.1

Sector Exposure (%)

Banks62.9
Insurance16.0
Diversified Financials6.7
Fixed Income6.7
Software & Services4.4
Real Estate3.7
Cash-0.4

Geographic Exposure (%)

North America50.5
Asia Pac (ex-Japan)16.0
Europe16.0
UK8.2
Fixed Income6.7
Latin America1.7
Japan1.4
Cash-0.4

Source: Polar Capital. Data as at 31 December 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.