Trust Facts

Assets & Gearing

Historic Yield (%) 2.95
Total Number of Positions 68

Top 15 Positions (%)

JPMorgan 5.4
Bank of America 4.1
Mastercard 3.2
Wells Fargo 3.0
Citigroup 2.8
Chubb 2.8
Sumitomo Mitsui Financial 2.5
Toronto-Dominion 2.2
Marsh & McLennan 2.2
PNC 2.2
KBC Groep 2.1
Arch Capital 2.1
Sampo 2.0
US Bancorp 2.0
Swedbank 1.9

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 81.9
Medium (US$ 0.5bn - 5bn) 15.8
Small (less than US$ 0.5bn) 2.4

Sector Exposure (%)

Banks 63.6
Insurance 11.7
Diversified Financials 8.2
Fixed Income 6.3
Real Estate 3.3
Software & Services 3.2
Cash 3.7

Geographic Exposure (%)

North America 44.1
Europe 20.7
Asia Pac (ex-Japan) 12.4
UK 8.3
Fixed Income 6.3
Japan 3.4
Eastern Europe 1.1
Cash 3.7

Source: Polar Capital. Data as at 28 September 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.