Top Fifteen Equity Holdings and Exposures

Summary by AI ^BETAClose X

Polar Capital Global Financials Trust Plc reported its top fifteen equity holdings as of December 31, 2025, with JPMorgan at 6.5% and Bank of America at 3.9% being the largest positions, totaling 42.5% for the top fifteen. The trust's sector exposure is heavily weighted towards Banks at 46.8% and Financial Services at 35.8%, with geographic exposure primarily in North America (47.6%) and Europe (18.7%). The company also noted a gearing ratio of 5.1%.

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Polar Capital Global Financials Tst

08 January 2026

8^th January 2026

Polar Capital Global Financials Trust Plc (the "Company")

Top Fifteen Holdings and Sector and Geographic Exposures as at 31^st December 2025.

Polar Capital Global Financials Trust Plc is pleased to announce that as at 31^st December 2025 the top fifteen equity holdings and the sector and geographic breakdown were as follows:

Top 15 Longs	%
JPMorgan	6.5%
Bank of America	3.9%
Mastercard	3.5%
Royal Bank of Canada	3.1%
BPER Banca	2.9%
Banco Santander SA	2.6%
Citigroup	2.5%
Erste Group Bank AG	2.5%
AIA Group	2.4%
Globe Life	2.3%
Morgan Stanley	2.2%
Prudential	2.0%
Visa	2.0%
S&P Global	2.0%
Sumitomo Mitsui Financial	2.0%
Total	42.5%

Sector Exposure	Total %
Banks	46.8%
Financial Services	35.8%
Insurance	13.5%
Fixed Income	2.9%
Equity Real Estate Investment Trusts (REITs)	0.9%
Cash	0.0%
Total	100.00%

Geographic Exposure	Total %
North America	47.6%
Europe	18.7%
Asia Pac (ex-Japan)	12.3%
UK	11.1%
Japan	3.2%
Fixed Income	2.9%
Latin America	2.6%
Eastern Europe	1.6%
Cash	0.0%
Total	100.00%

Gearing Ratio as calculated in accordance with the guidelines of the Association of Investment Companies, was 5.1%.

The monthly factsheet will usually be available on the Company's website on the 10^th working day after the month end and includes a commentary by the investment manager.

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