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Polar Capital Technology Trust plc (PCT) Ordinary 25p

Sell:1,490.00p Buy:1,494.00p 0 Change: 10.00p (0.67%)
FTSE 250:3.44%
Market closed Prices as at close on 13 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:1,490.00p
Buy:1,494.00p
Change: 10.00p (0.67%)
Market closed Prices as at close on 13 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:1,490.00p
Buy:1,494.00p
Change: 10.00p (0.67%)
Market closed Prices as at close on 13 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To maximise capital growth for shareholders through investment in a broadly diversified international portfolio of technology stocks around the world. The Manager may use financial derivatives to help achieve the investment objective and to manage exposure to risk.
Security Weight
Microsoft Corp 9.37%
Apple Inc 5.08%
Facebook Inc A 4.32%
Alphabet Inc Class C 3.81%
Alphabet Inc A 3.80%
Alibaba Group Holding Ltd ADR 3.10%
Samsung Electronics Co Ltd 2.76%
Tencent Holdings Ltd 2.73%
Amazon.com Inc 2.21%
Taiwan Semiconductor Manufacturing Co Ltd 2.18%
Sector Weight
Technology 80.67%
Consumer Cyclical 6.52%
Financial Services 2.72%
Industrials 2.11%
Healthcare 1.16%
Consumer Defensive 0.93%
Country Weight
United States 71.83%
China 6.56%
Japan 5.40%
South Korea 2.96%
Taiwan 2.84%
Netherlands 0.99%
France 0.85%
Germany 0.81%
United Kingdom 0.40%
Singapore 0.34%

Fee Structure

Management fee of 1% p.a. on NAV up to GBP 800m, 0.85% on NAV above GBP 800m to GBP 1.6bn, 0.8% on NAV above GBP 1.6bn to GBP 2bn, 0.7% on NAV above GBP 2bn. Performance fee of 10% over Benchmark. Agreement terminable on notice period of 12 months.

Dividend Policy

The company has not historically paid a dividend as the objective is capital growth.

ASSET SPLIT

Total number of holdings: 133.

Trust Manager

Ben Rogoff

Manager Bio

Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is also joint manager of the Polar Capital Global Technology Fund. He has been a technology specialist for 22 years. Prior to joining Polar Capital he began his career in fund management at CMI, as a global technology analyst. He moved to Aberdeen Fund Managers in 1998 where he spent four years as a senior technology manager. Ben graduated from St Catherine’s College, Oxford in 1995.

Board Of Directors

Sarah BatesChairman, Charles Park, Stephen White, Peter Hames, Charlotta Ginman, Tim Cruttenden

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.