Trust Facts

Share Price109.00p
NAV per share120.43p
Discount-9.49%
Capital123,245,765 shares of 5p

Assets & Gearing

Total Net Assets£148.4m
AIC Gearing Ratio8.11%
AIC Net Cash Ratio0.00%
Historic Yield (%)4.04
Total Number of Positions72

Top 15 Positions (%)

JPMorgan5.0
Mastercard4.3
Bank of America3.6
PayPal Holdings3.6
Chubb2.9
Marsh & McLennan2.7
HDFC Bank2.4
Toronto-Dominion2.4
Arch Capital2.4
AIA Group2.2
HK Exchanges & Clearing2.2
Blackstone2.1
PNC2.1
Allianz1.9
Bank Central Asia Tbk1.9

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 86.3
Medium (US$ 0.5bn - 5bn) 11.3
Small (less than US$ 0.5bn) 2.4

Sector Exposure (%)

Banks45.5
Insurance20.6
Diversified Financials12.5
Software & Services9.4
Fixed Income7.5
Real Estate1.7
Cash2.9

Geographic Exposure (%)

North America48.7
Asia Pac (ex-Japan)18.7
Europe13.8
Fixed Income7.5
UK6.0
Latin America1.5
Japan0.9
Cash2.9

Source: Polar Capital. Data as at 30 June 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.