Top Ten Equity Holdings and Exposures

Polar Capital Global Health Tst PLC

04 July 2023

 

4^th July 2023

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

Top Ten Equity Holdings and Sector and Geographic Exposure as at 30^th June 2023 and full Portfolio listing as at 31^st May 2023 available from company's website

Polar Capital Global Healthcare Trust plc is pleased to announce that as at 30^th June 2023 the top ten equity holdings and the sector and geographic breakdown were as follows:

Top 10 Holdings	%
Johnson & Johnson	7.8%
Eli Lilly & Co	6.4%
AbbVie	4.9%
Becton Dickinson	4.3%
McKesson	4.1%
Astellas Pharma	3.8%
Zealand Pharma A/S	3.7%
DexCom	3.5%
Elevance Health	3.4%
HCA Healthcare	3.4%
Total	45.2%

Sector Exposure	%
Pharmaceuticals	29.8%
Biotechnology	17.7%
Healthcare Equipment	15.0%
Healthcare Facilities	11.1%
Healthcare Supplies	8.7%
Life Sciences Tools & Services	7.6%
Managed Healthcare	6.2%
Healthcare Distributors	5.0%
Metal, Glass & Plastic Containers	2.8%
Healthcare Services	2.4%
Healthcare Technology	1.9%
Cash	-8.2%
Total	100.0%

Geographic Exposure	%
United States	65.9%
Japan	9.2%
Denmark	8.4%
United Kingdom	7.0%
Switzerland	6.4%
France	4.1%
India	3.1%
Sweden	1.9%
Germany	1.2%
Ireland	1.0%
Cash	-8.2%
Total	100.0%

Gearing Ratio as calculated in accordance with the guidelines of the Association of Investment Companies, was 8.1%. 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 30^th June 2023 was 11.76x. 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