Trust Facts

Share Price 127.00p
NAV per share 134.41p
Discount -5.51%
Capital 202,775,000 shares of 5p

Assets & Gearing

Total Net Assets £272.5m
AIC Gearing Ratio 3.37%
AIC Net Cash Ratio 0.00%
Historic Yield (%) 3.27
Total Number of Positions 71

Top 15 Positions (%)

JPMorgan 5.3
Bank of America 3.9
Mastercard 2.9
Chubb 2.9
Citigroup 2.4
Arch Capital 2.4
Sumitomo Mitsui Financial 2.3
Citizens Financial Group 2.3
Toronto-Dominion 2.2
Marsh & McLennan 2.2
KBC Groep 2.2
Wells Fargo 2.0
US Bancorp 2.0
PNC 2.0
Sampo 2.0

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 79.9
Medium (US$ 0.5bn - 5bn) 16.9
Small (less than US$ 0.5bn) 3.2

Sector Exposure (%)

Banks 61.6
Insurance 14.0
Diversified Financials 7.9
Fixed Income 7.8
Real Estate 3.7
Software & Services 2.9
Cash 2.1

Geographic Exposure (%)

North America 43.8
Europe 19.1
Asia Pac (ex-Japan) 14.0
UK 9.1
Fixed Income 7.8
Japan 3.1
Eastern Europe 1.0
Cash 2.1

Source: Polar Capital. Data as at 28 February 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.