POLAR CAPITAL GLOBAL FINANCIALS TR ORD GBP0.05
Symbol: PCFT
Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 21st May 2020 to 21st May 202170.29%
- 21st May 2021 to 21st May 2022-8.25%
- 21st May 2022 to 21st May 2023-0.81%
- 21st May 2023 to 21st May 202426.14%
- 21st May 2024 to 21st May 202525.28%
Key Information
| Benchmark | MSCI ACWI/Financials |
| Sector | IT Financials & Financial Innovation |
| Gearing | 107% |
| Ex-Dividend Date | 6 Feb 2025 |
| Dividend Pay Date | 28 Feb 2025 |
| Total Dividends - Year to Date | 0 |
| Dividend Yield (%) | 0 |
Net Asset Value (Nav)
| Latest actual NAV | 214.90 |
| Latest actual NAV date | 16/05/2025 |
| NAV frequency | Daily |
| Premium/Discount | -3.68% |
Charges
|
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
1.2284% |
| Performance Fee | 10% |
| AMC | 0.70% |
|
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
1.2284% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
||
Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
||
Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
||
Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
||
Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
||
Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
||
What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
Polar Capital Global Financials Trust plc is a United Kingdom-based investment trust company. The Company’s investment objective is to generate for investors a growing dividend income together with capital appreciation. The Company seeks to achieve its objective by investing in a global portfolio primarily consisting of listed or quoted securities issued by companies in the financial sector operating in banking, insurance, property, and other subsectors. The Company may invest through equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options and other instruments including derivatives. The portfolio is diversified by geography, industry subsectors and stock market capitalization. Its sectors include technology, healthcare, communication services, consumer discretionary, utilities, real estate, industrials, and energy. The Company's investment manager is Polar Capital LLP.
Financial Summary
BRIEF: For the six months ended 31 May 2024, Polar Capital Global Fincls Trust PLC revenues increased from -£38.5M to £93.4M. Net income totaled £88.3M vs. loss of £43M. Revenues reflect Net Loss - Fin. Instruments Fair Value increase from -£50.9M to £82.2M, Other operating income increase of 44% to £608K. Dividend per share increased from £0.02 to £0.03. Basic Earnings per Share excluding Extraordinary Items increased from -£0.13 to £0.29.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| 10.64% | - | 9.83% | 25.28% | 56.75% | 144.91% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
516,351 bytes PDF Document; last updated 31 Mar 2025
84,265 bytes PDF Document; last updated 31 Oct 2024
3,064,626 bytes PDF Document; last updated 30 Nov 2024
778,630 bytes PDF Document; last updated 31 May 2024
Management Team
Tom Dorner Nick Brind George Barrow
Tom Dorner
has managed this fund for 0 months.
Tom Dorner joined Aberdeen Standard Investments in 2014 as an Investment Director in the European Equity team. He manages the ASI Europe ex UK Equity Income fund and has previously managed a number of other equity strategies. He is the European Research Lead responsible for maintaining excellence in the team's research. Previously he was an analyst specialising in the European Insurance sector at Citi and Lehman Brothers. He qualified as a Chartered Accountant with Ernst & Young and graduated with a MA Philosophy from the University of Nottingham.
Manager Cumulative Performance v Peer Group
Nick Brind
has managed this fund for 11 years and 10 months.
Nick joined Polar Capital in September 2010 following the acquisition of HIM Capital, and is co-manager of the Polar Capital Global Financials Trust plc and also fund manager of the Polar Capital Income Opportunities Fund. Prior to joining HIM Capital, Nick worked at New Star Asset Management. While there he managed the New Star Financial Opportunities Fund, a high-income financials fund investing in the equity and fixed-income securities of European financials companies, which outperformed its benchmark index in all six years that Nick managed it. Previously, Nick worked at Exeter Asset Management and Capel-Cure Myers. At Exeter Asset Management, Nick managed the Exeter Capital Growth Fund from 1997 to 2003 which over this period was in the top decile of the IMA UK All Companies Sector.
Manager Cumulative Performance v Peer Group
George Barrow
has managed this fund for 4 years and 6 months.
George joined Polar Capital in September 2010 as an analyst on the Financials Team. He is a co-manager on the Polar Capital Financial Opportunities Fund, with John Yakas, and the Polar Capital Global Financials Trust, with John and Nick Brind. He has over 10 years’ experience analysing Europe, Asia and emerging markets. Prior to joining Polar Capital, he was an analyst at HIM Capital from 2008 where he completed his IMC.
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
30/11/2024 |
30/11/2023 |
30/11/2022 |
30/11/2021 |
30/11/2020 |
30/11/2019 |
|---|---|---|---|---|---|---|
| Total Revenue | 174.93 | -6.31 | 11.16 | 66.13 | -42.11 | 32.91 |
| Gross profit | 170.95 | -9.94 | 8.56 | 63.87 | -44.99 | 30.47 |
| Operating Profit/Loss | 170.22 | -10.63 | 7.80 | 63.12 | -45.51 | 29.94 |
| Profit Before Tax | 166.23 | -14.23 | 6.55 | 56.45 | -45.82 | 29.64 |
| Profit After Tax | 164.58 | -15.53 | 5.45 | 54.91 | -46.33 | 28.91 |
| Equity Holders of Parent Company | 164.58 | -15.53 | 5.45 | 54.91 | -46.33 | 28.91 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
30/11/2024 |
30/11/2023 |
30/11/2022 |
30/11/2021 |
30/11/2020 |
30/11/2019 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 659.94 | 518.12 | 572.75 | 482.10 | 188.01 | 313.61 |
| Total Current Assets | 51.78 | 46.19 | 32.96 | 27.94 | 0.83 | 5.30 |
| Total Assets | 711.72 | 564.31 | 605.71 | 510.04 | 188.84 | 318.90 |
| Total Liabilities | 82.04 | 76.11 | 64.44 | 52.80 | 23.10 | 17.73 |
| Total Net Assets | 629.68 | 488.20 | 541.27 | 457.25 | 165.74 | 301.17 |
| Shareholders Funds | 629.68 | 488.20 | 541.27 | 457.25 | 165.74 | 301.17 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 629.68 | 488.20 | 541.27 | 457.25 | 165.74 | 301.17 |