Trust Facts

Share Price99.60p
NAV per share108.48p
Discount-8.18%
Capital123,270,765 shares of 5p

Assets & Gearing

Total Net Assets£133.7m
AIC Gearing Ratio7.55%
AIC Net Cash Ratio0.00%
Historic Yield (%)4.42
Total Number of Positions72

Top 15 Positions (%)

JPMorgan5.3
Mastercard4.0
Bank of America3.8
PayPal Holdings2.7
Chubb2.6
Marsh & McLennan2.4
AIA Group2.4
HDFC Bank2.3
Toronto-Dominion2.3
Allianz2.1
E.Sun Financial2.0
Arch Capital2.0
Blackstone2.0
KBC Groep1.8
Bank Central Asia Tbk1.8

Market Capitalisation Exposure (%)

Large (greater than US$ 5bn) 86.0
Medium (US$ 0.5bn - 5bn) 10.9
Small (less than US$ 0.5bn) 3.1

Sector Exposure (%)

Banks46.2
Insurance18.9
Diversified Financials11.2
Software & Services8.0
Fixed Income6.4
Real Estate1.8
Cash7.6

Geographic Exposure (%)

North America45.7
Asia Pac (ex-Japan)18.4
Europe12.8
Fixed Income6.4
UK6.2
Latin America1.1
Japan1.0
Eastern Europe0.6
Cash7.6

Source: Polar Capital. Data as at 30 April 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.