Top Ten Equity Holdings and Exposures

Polar Capital Global Health Tst PLC

05 January 2024

 

5^th January 2024

Polar Capital Global Healthcare Trust plc (the "Company")

Top Ten Equity Holdings and Sector and Geographic Exposure as at 29^th December 2023 and full Portfolio listing as at 30^th November 2023 available from company's website

Polar Capital Global Healthcare Trust plc is pleased to announce that as at 29^th December 2023 the top ten equity holdings and the sector and geographic breakdown were as follows:

Top 10 Holdings	%
Eli Lilly & Co	6.2%
AbbVie	5.9%
Zealand Pharma A/S	5.6%
AstraZeneca	4.5%
Abbott Laboratories	4.4%
CSL	4.3%
Elevance Health	4.1%
Swedish Orphan Biovitrum AB	4.0%
HCA Healthcare	3.6%
Alcon	3.2%
Total	46.0%

Sector Exposure	%
Biotechnology	29.6%
Healthcare Equipment	21.9%
Pharmaceuticals	17.9%
Healthcare Supplies	10.4%
Healthcare Facilities	9.8%
Life Sciences Tools & Services	7.6%
Managed Healthcare	5.7%
Metal, Glass & Plastic Containers	2.2%
Healthcare Technology	1.7%
Healthcare Distributors	0.9%
Healthcare Services	0.0%
Cash	-7.7%
Total	100.0%

Geographic Exposure	%
United States	58.0%
United Kingdom	9.5%
Denmark	8.0%
Switzerland	7.5%
Japan	7.0%
France	4.8%
Australia	4.3%
Sweden	4.0%
Netherlands	1.9%
India	1.1%
Ireland	0.9%
Canada	0.8%
Cash	-7.7%
Total	100.0%

Gearing Ratio as calculated in accordance with the guidelines of the Association of Investment Companies, was 7.7%. Gearing is made up of structural debt provided by the subsidiary company PCGH ZDP plc, through the issue of zero dividend preference (ZDP) shares.

The ZDP asset cover as of 29^th December 2023 was 11.86x. This ratio is calculated by dividing the Company's net asset value, adjusted to add back the current value of the structural debt, by the final redemption value of the ZDP shares.

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.  www.Polarcapitalhealthcaretrust.com

Neither the contents of the Company's website nor the contents of any website accessible from the hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement.

 

END