Polar Capital Glb Financials (Ordinary Share) PCFT

Sector Specialist: Financials

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Estimated NAV (p)

104.00

Share Price (p)

97.50

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Polar Capital Glb Financials (Ordinary Share) Price -4.56%
Polar Capital Glb Financials (Ordinary Share) NAV 6.33%
FTSE World 12.57%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 97.3p -6.9% 104.00p 107.00p
30 Nov
105% 3.19%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Polar Capital Glb Financials (Ordinary Share) Price-4.56
Polar Capital Glb Financials (Ordinary Share) NAV6.33
FTSE World12.57

Discrete performance over

Discrete Performance

Top 10 Holdings

JPMorgan Chase & Co 2.86%
Wells Fargo & Co 2.76%
PNC Financial Services Group, Inc. 2.76%
DnB NOR ASA 2.55%
ACE Ltd 2.45%
Discover Financial Services 2.35%
Societe Generale 2.24%
Sampo Oyj 2.14%
UBS AG 2.14%
Toronto-Dominion Bank 2.14%

Sectors weighting

General Equity 99.00%
Net Current Assets 1.00%

Regional weighting

Europe Developed ex-UK 34.00%
North America Region 28.00%
UK 19.00%
Asia exc Japan 12.00%
Other Countries 4.00%
Japan 2.00%
Cash/Cash Equiv. 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Financials
  • Launch Date 01 Jul 2013
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 97.50
  • Share Type Ordinary Share
  • TIDM PCFT
  • ISIN GB00B9XQT119
  • Shares Issued (M) 175
  • Market Capital (£M) 169.80
  • Gross Assets (£M) 192.42
  • Net Assets (£M) 182.42
  • TER (%) 0.00
  • Historic Dividend Yield (%) 3.19
  • Last AGM 07 May 2014
  • Next AGM 07 May 2015
  • Last Annual Report Date  
  • Next due Report Date  
  • Next due Report Type A/R
  • Objective:

  • To generate growing dividend income and capital appreciation by investing in a global portfolio of securities issued by companies in the financial sector, operating in banking, insurance, property and other sub-sectors.
  • Management Group(s):

  • Polar Capital LLP
  • Managed by:

  • John Yakas Start: 01 Jul 2013
  • Nick Brind Start: 01 Jul 2013
  • Management Contract & Fees:

    Polar Capital is appointed as the investment manager. The appointment may be terminable on twelve months' notice to be served (absent breach) no earlier than the second anniversary of flotation. The management fee will be at the rate of 0.85% p.a. of the lower of the Company's NAV and market capitalisation (including ordinary and subscription shares). Initial expected TER to be no more than 1.25%. The Manager may be entitled to a performance fee. The performance fee will be paid in cash at the end of the Company's fixed life (except in the case of an earlier termination of the Management Agreement) and will be an amount equal to 10% of excess return (based on the Adjusted NAV per Ord at that time) over the performance fee hurdle. The performance fee hurdle will be the sum of: (i) 100p; as increased by (ii) the percentage growth in the Benchmark Index plus 1.25p p.a. over the period from the day following Admission to the date on which it is resolved to wind up the affairs of the Company.