Polar Capital Glb Financials (Ordinary Share) PCFT

Sector Specialist: Financials

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Estimated NAV


Share Price


Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Polar Capital Glb Financials (Ordinary Share) Price 8.58%
Polar Capital Glb Financials (Ordinary Share) NAV 4.82%
FTSE World 3.11%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement


Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 105.5 -3.4% 109.00 107.00
31 Oct
105% 2.94%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Polar Capital Glb Financials (Ordinary Share) Price8.58
Polar Capital Glb Financials (Ordinary Share) NAV4.82
FTSE World3.11

Discrete performance over

Discrete Performance

Top 10 Holdings

JPMorgan Chase & Co 3.06%
ING Groep 2.86%
Wells Fargo & Co 2.76%
Societe Generale 2.45%
ACE Ltd 2.45%
OneSavings Bank 2.35%
Sampo Oyj 2.24%
Sumitomo Mitsui Financial Inc 2.24%
PNC Financial Services Group, Inc. 2.14%
Citigroup Inc 2.04%

Sectors weighting

General Equity 98.00%
Net Current Assets 2.00%

Regional weighting

Europe Developed ex-UK 32.00%
North America Region 29.00%
UK 23.00%
Asia exc Japan 11.00%
Japan 2.00%
Cash/Cash Equivalent 2.00%
Other Countries 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Financials
  • Launch Date 01 Jul 2013
  • Currency GBX
  • Domicile UK
  • Share Price 104.25
  • Share Type Ordinary Share
  • ISIN GB00B9XQT119
  • Shares Issued (M) 174
  • Market Capital (£M) 183.25
  • Gross Assets (£M) 199.71
  • Net Assets (£M) 189.71
  • TER (%) 0.00
  • Historic Dividend Yield (%) 2.94
  • Last AGM 29 Apr 2015
  • Next AGM 29 Apr 2016
  • Last Annual Report Date 09 Jul 2015
  • Next due Report Date 30 Nov 2015
  • 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.