Trust Facts

Share Price 139.50p
NAV per share 145.20p
Discount -3.92%
Capital 202,775,000 shares of 5p

Assets & Gearing

Total Net Assets £294.4m
AIC Gearing Ratio 0.00%
AIC Net Cash Ratio 1.12%
Historic Yield (%) 2.97
Total Number of Positions 68

Top 15 Positions (%)

JPMorgan 5.4
Bank of America 3.7
Mastercard 3.3
Chubb 3.1
Arch Capital 2.6
Marsh & McLennan 2.3
Toronto-Dominion 2.2
AIA Group 2.1
Citizens Financial Group 2.1
PNC 2.0
US Bancorp 2.0
Sampo 1.9
Wells Fargo 1.9
KBC Groep 1.8
Sumitomo Mitsui Financial 1.8

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 79.7
Medium (US$ 0.5bn - 5bn) 17.0
Small (less than US$ 0.5bn) 3.3

Sector Exposure (%)

Banks 53.9
Insurance 15.7
Fixed Income 7.6
Diversified Financials 7.6
Real Estate 4.7
Software & Services 4.3
Cash 6.2

Geographic Exposure (%)

North America 44.4
Europe 16.6
Asia Pac (ex-Japan) 14.5
UK 8.0
Fixed Income 7.6
Japan 1.8
Eastern Europe 1.0
Cash 6.2

Source: Polar Capital. Data as at 28 June 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.