Trust Facts

Share Price104.50p
NAV per share115.89p
Discount-9.83%
Capital123,045,765 shares of 5p

Assets & Gearing

Total Net Assets£142.6m
AIC Gearing Ratio10.15%
AIC Net Cash Ratio0.00%
Historic Yield (%)4.21
Total Number of Positions75

Top 15 Positions (%)

JPMorgan5.2
Mastercard4.5
Bank of America3.4
PayPal Holdings2.9
Marsh & McLennan2.5
HDFC Bank2.5
Toronto-Dominion2.4
AIA Group2.3
Chubb2.2
PNC2.0
Berkshire Hathaway2.0
E.Sun Financial1.9
Bank Central Asia Tbk1.9
Blackstone1.8
Citizens Financial Group1.8

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 79.7
Medium (US$ 0.5bn - 5bn) 17.7
Small (less than US$ 0.5bn) 2.6

Sector Exposure (%)

Banks48.6
Insurance19.8
Diversified Financials13.9
Software & Services8.6
Fixed Income7.7
Real Estate1.5
Cash-0.1

Geographic Exposure (%)

North America49.2
Asia Pac (ex-Japan)20.4
Europe13.5
Fixed Income7.7
UK7.0
Latin America1.3
Japan0.9
Cash-0.1

Source: Polar Capital. Data as at 30 September 2020. 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.