Fact sheet: Polar Cap Tech Tst PLC

Fund information
Fund name
Polar Capital Technology Trust PLC Ord 25p
Fund manager company
Polar Capital Partners Ltd
Fund type
Investment Trust
Fund managers
  • Fatima lusince 31/03/2006
  • Ben Rogoffsince 30/04/2006
  • Xuesong Zhaosince 30/04/2012
  • Nick Evanssince 31/08/2007
Accolades
Fund objective
To maximise capital growth for shareholders through investment in a diversified portfolio of technology companies around the world.
Benchmark
  • DJ World Technology Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25.9%
1 Year rank in sector
1/2
Sector
IT Tech Media & Telecomm
Yield
-
Fund size
£1,058m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
132
Mid price
793
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
789.56
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.26
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
103
Top in this sector
Fund name1 Year
Polar Cap Tech Tst PLC25.9%
Allianz Tech Tst PLC20.6%
...more in IT Tech Media & Telecomm

Performance snapshot

Holdings snapshot

  • North America69.7%
    Asia Pacific ex Japan14.7%
    Europe ex UK5.2%
    Japan4.6%
    Money Market2.1%
  • Internet27.4%
    Software27%
    Semi Conductors14.7%
    Hardware10.4%
    Others4.4%
  • North American Equities69.7%
    Asia Pacific ex Japan Equities14.7%
    Europe ex UK Equities5.2%
    Japanese Equities4.6%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.3%8.8%32.2%25.9%68.7%138.5%
Sector1.7%6.2%28.5%23.3%59.9%147.7%
Rank within sector1 / 21 / 21 / 21 / 21 / 22 / 2
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund26.5%7.5%18.5%35.4%11.5%
Sector22.7%11.3%13%49.1%10.4%
Rank within sector1 / 22 / 21 / 22 / 21 / 2
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.48
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.04
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.91
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
18.52
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.37
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.3
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.88
Price movement
52 week high845.5
52 week low503.5
Current bid price792
Current offer price793
Current mid price793
Region
1North America69.7%
2Asia Pacific ex Japan14.7%
3Europe ex UK5.2%
4Japan4.6%
5Money Market2.1%
6UK2%
7Middle East/ Africa1.7%
Industry sector
1Internet27.4%
2Software27%
3Semi Conductors14.7%
4Hardware10.4%
5Others4.4%
6Retail4.3%
7Information Technology2.5%
8Communications Equipment2.4%
9Electronic & Electrical Equipment2.4%
Asset type
1North American Equities69.7%
2Asia Pacific ex Japan Equities14.7%
3Europe ex UK Equities5.2%
4Japanese Equities4.6%
5Money Market2.1%
6UK Equities2%
7Middle East & African Equities1.7%
Individual holdings
1ALPHABET INC9.3%
2FACEBOOK INC6.2%
3MICROSOFT CORP6.1%
4APPLE INC6%
5AMAZON.COM INC3%
6SAMSUNG ELECTRONICS CO2.8%
7ALIBABA GROUP HLDG LTD2.7%
8TENCENT HLDGS LTD2.6%
9SPLUNK INC1.7%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital Partners Ltd
Fund type
Investment Trust
Fund objective
To maximise capital growth for shareholders through investment in a diversified portfolio of technology companies around the world.
Benchmark
  • DJ World Technology Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Fatima lu31/03/2006Fatima joined Polar Capital in April 2006 after working as an analyst with Citigroup Asset Management for 18 months. She focuses on European technology stocks and has responsibility for coverage of the global alternative energy and medical technology sub-sectors. Fatima graduated from Imperial College London in 2002 with a degree in Medicinal Chemistry. She is a CFA charterholder.
Ben Rogoff30/04/2006Ben 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 19 years. Prior to joining Polar Capital he began his career in fund management at CMI, as a global technology analyst. He moved to Aberdeen Asset Managers in 1998 where he spent four years as a senior technology manager. Ben graduated from St Catherine’s College, Oxford in 1995.
Xuesong Zhao30/04/2012Xuesong joined Polar Capital in May 2012, having spent most of the previous five years working as an investment analyst within the emerging market & Asia team at Aviva Investors, where he was responsible for the technology, media and telecom sectors. Prior to that, he worked as a quantitative analyst and risk manager for the emerging market debt team at Pictet Asset Management. He started his career as a financial engineer at Algorithmics, now owned by IBM, in 2005. He holds an MSc in Finance from Imperial College Science & Technology, a BA (Hons) in Economics from Peking University and is a CFA charterholder.
Nick Evans31/08/2007Nick joined Polar Capital in September 2007 and has 16 years’ experience as a technology specialist. He has been lead manager of the Polar Capital Global Technology Fund since January 2008. Prior to joining Polar he was head of technology at AXA Framlington and lead manager of the AXA Framlington global technology fund and the AXA world fund (AWF) – global technology from 2001 to 2007 (both rated five stars by S&P). He also spent three years as a Pan-European investment manager and technology analyst at Hill Samuel Asset Management. Nick has a degree in Economics from Hull University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Polar Capital Technology Trust PLC Ord 25p
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price796.06
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJML
Polar Capital Technology Trust PLC Sub 1P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.16%
Bid price0.1
Offer price0.7
Mid price0.4
CurrencyGBX
Price updated31/03/2014
Type-
Institutional or retail classRetail
Domicile-
Citi codeN0Q6
Data provided by

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