Trust Facts

Share Price 137.50p
NAV per share 144.77p
Discount -5.02%
Capital 202,775,000 shares of 5p

Assets & Gearing

Total Net Assets £293.5m
AIC Gearing Ratio 4.11%
AIC Net Cash Ratio 0.00%
Historic Yield (%) 3.13
Total Number of Positions 68

Top 15 Positions (%)

JPMorgan 6.2
Bank of America 4.3
Mastercard 3.4
Chubb 3.3
Arch Capital 3.1
Citizens Financial Group 2.5
US Bancorp 2.4
PNC 2.4
Wells Fargo 2.4
Marsh & McLennan 2.4
Toronto-Dominion 2.3
AIA Group 2.3
KBC Groep 2.2
Citigroup 2.2
HDFC Bank 2.2

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 84.9
Medium (US$ 0.5bn - 5bn) 11.8
Small (less than US$ 0.5bn) 3.3

Sector Exposure (%)

Banks 61.8
Insurance 16.2
Fixed Income 7.2
Diversified Financials 7.1
Software & Services 4.2
Real Estate 3.9
Cash -0.5

Geographic Exposure (%)

North America 49.5
Asia Pac (ex-Japan) 16.4
Europe 16.1
UK 7.8
Fixed Income 7.2
Latin America 1.5
Japan 1.4
Eastern Europe 0.6
Cash -0.5

Source: Polar Capital. Data as at 31 October 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.