Trust Facts

Share Price127.50p
NAV per share134.60p
Discount-5.27%
Capital202,775,000 shares of 5p

Assets & Gearing

Total Net Assets£272.9m
AIC Gearing Ratio5.02%
AIC Net Cash Ratio0.00%
Historic Yield (%)3.45
Total Number of Positions71

Top 15 Positions (%)

JPMorgan5.6
Bank of America3.8
Mastercard3.7
Chubb3.3
Arch Capital3.2
Toronto-Dominion2.5
Citizens Financial Group2.4
Marsh & McLennan2.3
AIA Group2.2
HDFC Bank2.2
KBC Groep2.1
Citigroup2.0
PayPal Holdings1.9
US Bancorp1.9
PNC1.9

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 86.1
Medium (US$ 0.5bn - 5bn) 10.8
Small (less than US$ 0.5bn) 3.1

Sector Exposure (%)

Banks58.1
Insurance16.6
Diversified Financials8.0
Fixed Income6.0
Software & Services5.9
Real Estate2.6
Cash2.8

Geographic Exposure (%)

North America47.0
Asia Pac (ex-Japan)16.3
Europe16.1
UK7.3
Fixed Income6.0
Latin America1.9
Japan1.3
Eastern Europe1.2
Cash2.8

Source: Polar Capital. Data as at 28 February 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.