Fact sheet: Polar Capital Gbl Tech

Fund information
Fund name
Polar Capital Global Technology I USD
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • Ben Rogoffsince 01/01/2007
  • Nick Evanssince 18/10/2001
Fund objective
The investment objective of the Fund is “to achieve long-term capital appreciation by way of investing in a globally diversified portfolio of technology companies”.
Benchmark
  • Dow Jones World Technology Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8.7%
1 Year rank in sector
-
Sector
FO Equity - Tech Media & Telecom
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.15%
Fund size
£887m (£815m last year)
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
Top in this sector
Fund name1 Year
Fidelity Gbl Tech31.6%
Pictet Digital27.9%
Herald Worldwide26.5%
Aberdeen Gbl Technology Eq21%
GAM Star Technology20.1%
...more in FO Equity - Tech Media & Telecom

Performance snapshot

Holdings snapshot

  • North America68.5%
    Asia Pacific ex Japan13.8%
    Japan5.8%
    Money Market5.1%
    Europe4.7%
  • Software27%
    Internet25.9%
    Semi Conductors13.8%
    Hardware6.9%
    Leisure5.6%
  • North American Equities68.5%
    Asia Pacific ex Japan Equities13.8%
    Japanese Equities5.8%
    Money Market5.1%
    European Equities4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-0.7%9.8%8.7%35.8%84.4%
Sector0.5%2%10.1%5.3%34.5%79.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund11.9%7.7%6.9%32.9%11.9%
Sector8.5%8%11.3%26.5%10%
Rank within sector-----
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.
0.12
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.
1.11
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.
0.56
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%.
15.48
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.
5.8
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.
0.17
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.
0.86
Price movement
52 week high27.6
52 week low18.59
Current bid price-
Current offer price-
Current mid price26.46
Region
1North America68.5%
2Asia Pacific ex Japan13.8%
3Japan5.8%
4Money Market5.1%
5Europe4.7%
6Middle East/ Africa2.1%
Industry sector
1Software27.05%
2Internet25.86%
3Semi Conductors13.75%
4Hardware6.89%
5Leisure5.56%
6Electronic & Electrical Equipment4.21%
7Retail4.2%
8Industrials3.62%
9Communications Equipment2.74%
Asset type
1North American Equities68.5%
2Asia Pacific ex Japan Equities13.8%
3Japanese Equities5.8%
4Money Market5.1%
5European Equities4.7%
6Middle East & African Equities2.1%
Individual holdings
1FACEBOOK INC5.36%
2ALPHABET INC4.29%
3ALPHABET INC4.19%
4AMAZON.COM INC3.5%
5MICROSOFT CORP2.98%
6ALIBABA GROUP HLDG LTD2.6%
7TENCENT HLDGS LTD2.54%
8APPLE INC2.4%
9SPLUNK INC2.35%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The investment objective of the Fund is “to achieve long-term capital appreciation by way of investing in a globally diversified portfolio of technology companies”.
Benchmark
  • Dow Jones World Technology Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Ben Rogoff01/01/2007Ben 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.
Nick Evans18/10/2001Nick 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Global Technology EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price27.38
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF8X9
Polar Capital Global Technology GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price23.25
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePQ89
Polar Capital Global Technology I EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price24.95
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5V7
Polar Capital Global Technology I GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price21.18
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5V6
Polar Capital Global Technology I Hedged CHF
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.96
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM28P
Polar Capital Global Technology I Hedged GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.45
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM78P
Polar Capital Global Technology I USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price26.46
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5V5
Polar Capital Global Technology R EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price24.06
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5V9
Polar Capital Global Technology R GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price20.43
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5V8
Polar Capital Global Technology R Hedged CHF
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.9
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM28O
Polar Capital Global Technology R Hedged EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.07
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM28N
Polar Capital Global Technology R USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price25.52
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5W0
Polar Capital Global Technology USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price29.05
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePB31
Data provided by

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