POLAR CAPITAL TECHNOLOGY TRUST PLC ORD GBP0.025
Symbol: PCT
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Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 28th Apr 2020 to 28th Apr 202139.17%
- 28th Apr 2021 to 28th Apr 2022-15.31%
- 28th Apr 2022 to 28th Apr 2023-2.31%
- 28th Apr 2023 to 28th Apr 202445.68%
- 28th Apr 2024 to 28th Apr 20252.12%
Key Information
| Benchmark | N/A |
| Sector | IT Technology & Technology Innovation |
| Gearing | 100% |
| Ex-Dividend Date | Unknown |
| Dividend Pay Date | Unknown |
| Total Dividends - Year to Date | 0 |
| Dividend Yield (%) | 0 |
Net Asset Value (Nav)
| Latest actual NAV | 319.52 |
| Latest actual NAV date | 24/04/2025 |
| NAV frequency | Daily |
| Premium/Discount | -9.4% |
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. |
1.0611% |
| Performance Fee | 10% |
| AMC | 0.80% |
|
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 |
1.0611% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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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 |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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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 |
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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 |
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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 Technology Trust plc is an investment trust. The Company’s investment objective is to maximize long-term capital growth through investing in a diversified portfolio of technology companies around the world. The Company invest and manage its assets in a manner that is consistent with spreading investment risk and invests in a Portfolio comprised primarily of international quoted equities which is diversified across both regions and sectors. It invests across various sectors, such as semiconductors and semiconductor equipment; software; technology hardware, storage and peripherals; interactive media and services; information technology (IT) services; financial services; broadline retail; electronic equipment, instruments and components; communications equipment; hotels, restaurants and leisure, and others. Its portfolio spans across North America, Europe and Asia Pacific. Its investment manager and the alternative investment fund manager (AIFM) is Polar Capital LLP.
Financial Summary
BRIEF: For the six months ended 31 October 2024, Polar Capital Technology Trust plc revenues increased 31% to £453.9M. Net income increased 31% to £435.7M. Revenues reflect Gains/(losses) on investments held at fa increase of 29% to £439.4M, (Losses)/gains on disposal of derivative increase from -£16M to £4.7M, Investment income increase of 46% to £10.7M. Basic Earnings per Share excluding Extraordinary Items increased from £0.27 to £0.36.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| -9.11% | -24.31% | -9.08% | 2.12% | 45.33% | 71.30% |
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.
558,135 bytes PDF Document; last updated 31 Mar 2025
84,047 bytes PDF Document; last updated 31 Oct 2024
5,176,041 bytes PDF Document; last updated 30 Apr 2024
1,049,854 bytes PDF Document; last updated 31 Oct 2024
Management Team
Xuesong Zhao Nick Evans Fatima lu Ben Rogoff Alastair Unwin
Xuesong Zhao
has managed this fund for 13 years .
Xuesong has worked on the fund since he joined Polar Capital in 2012 and has 16 years of industry experience.
Manager Cumulative Performance v Peer Group
Nick Evans
has managed this fund for 17 years and 3 months.
Nick joined Polar Capital in September 2007. He was appointed lead fund manager of the Global Technology Fund on 1 January 2008, and is also a fund manager on the Polar Capital Technology Trust and the Polar Capital Automation and Artificial Intelligence Fund. Nick was previously head of technology at AXA Framlington where he was lead fund manager of the AXA Framlington Global Technology Fund and the AWF Framlington Global Technology Fund between August 2001 and July 2007. Both funds were rated five stars by S&P and received several S&P and Lipper performance awards. Nick graduated with a BSc (Hons) in Economics from University of Hull.
Manager Cumulative Performance v Peer Group
Fatima lu
has managed this fund for 19 years and 1 month.
Fatima has worked on the fund since she joined Polar Capital in 2006 and has 18 years of industry experience.
Manager Cumulative Performance v Peer Group
Ben Rogoff
has managed this fund for 19 years .
Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Automation and Artificial Intelligence Fund. Prior to joining Polar Capital, Ben 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.
Manager Cumulative Performance v Peer Group
Alastair Unwin
has managed this fund for 5 years and 10 months.
Alastair joined Polar Capital in June 2019 as a Fund Manager and Senior Analyst. Prior to joining Polar Capital, Alastair co-managed the Arbrook American Equities Fund. Between 2014 and 2018 he launched and then managed the Neptune Global Technology Fund and managed the Neptune US Opportunities Fund. Prior to Neptune, Alastair was a technology analyst at Herald Investment Management. Alastair has a BA (1st Class Hons) in history from Trinity College, Cambridge and is a CFA Charterholder.
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
30/04/2024 |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
|---|---|---|---|---|---|---|
| Total Revenue | 1,146.57 | -78.34 | -226.06 | 1,092.32 | 383.47 | 409.68 |
| Gross profit | 1,118.77 | -101.77 | -255.31 | 1,067.24 | 362.90 | 386.68 |
| Operating Profit/Loss | 1,117.38 | -103.03 | -256.65 | 1,066.12 | 361.94 | 385.46 |
| Profit Before Tax | 1,117.38 | -103.03 | -256.65 | 1,066.12 | 361.94 | 385.46 |
| Profit After Tax | 1,115.44 | -105.18 | -258.65 | 1,063.69 | 360.10 | 383.64 |
| Equity Holders of Parent Company | 1,115.44 | -105.18 | -258.65 | 1,063.69 | 360.10 | 383.64 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
30/04/2024 |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 3,713.76 | 2,640.18 | 2,811.08 | 3,243.03 | 2,218.31 | 1,803.24 |
| Total Current Assets | 150.54 | 262.65 | 349.22 | 256.55 | 197.35 | 231.26 |
| Total Assets | 3,864.30 | 2,902.83 | 3,160.30 | 3,499.59 | 2,415.66 | 2,034.50 |
| Total Liabilities | 59.77 | 74.69 | 109.32 | 90.82 | 107.06 | 98.85 |
| Total Net Assets | 3,804.53 | 2,828.14 | 3,050.99 | 3,408.76 | 2,308.60 | 1,935.65 |
| Shareholders Funds | 3,804.53 | 2,828.14 | 3,050.99 | 3,408.76 | 2,308.60 | 1,935.65 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 3,804.53 | 2,828.14 | 3,050.99 | 3,408.76 | 2,308.60 | 1,935.65 |