Polar Capital Technology Trust (PCT.L)
Polar Capital Technology Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the technology sector and other sectors which use technology like information, media, communications, environment, computing, healthcare, and renewable energy. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis, with a focus on such factors as management quality, globalization of major technology trends, and international valuation anomalies to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones World Technology Index (Total Return). It was formerly known as Henderson Technology Trust plc. Polar Capital Technology Trust plc was formed on December 16, 1996 and is domiciled in the United Kingdom.
Company Info
| ISIN | GB0004220025 |
|---|---|
| Sector | Financial Services |
| Industry | Collective Investments |
Highlights
| Market Cap | £3.52B |
|---|---|
| EPS (TTM) | £0.90 |
| PE Ratio | 3.28 |
| Total Revenue (TTM) | £727.52M |
| Gross Profit (TTM) | £701.01M |
| EBITDA (TTM) | £324.00M |
| Year Range | £210.42 - £347.49 |
Share Price Chart
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Compare to other instruments
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Popular comparisons: PCT.L vs. ATT.L, PCT.L vs. ARKK, PCT.L vs. XLK, PCT.L vs. IITU.L, PCT.L vs. QQQ, PCT.L vs. IUIT.L, PCT.L vs. PRGTX, PCT.L vs. IXN, PCT.L vs. XLKQ.L, PCT.L vs. SWDA.L
Performance
Performance Chart
The chart shows the growth of an initial investment of £10,000 in Polar Capital Technology Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Polar Capital Technology Trust had a return of 12.89% year-to-date (YTD) and 30.78% in the last 12 months. Over the past 10 years, Polar Capital Technology Trust had an annualized return of 18.96%, outperforming the S&P 500 benchmark which had an annualized return of 10.88%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.89% | 18.10% |
| 1 month | -6.11% | 1.42% |
| 6 months | -0.86% | 9.39% |
| 1 year | 30.78% | 26.58% |
| 5 years (annualized) | 15.72% | 13.42% |
| 10 years (annualized) | 18.96% | 10.88% |
Monthly Returns
The table below presents the monthly returns of PCT.L, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.47% | 7.64% | 3.81% | -2.67% | 2.40% | 10.37% | -6.52% | -4.05% | 12.89% | ||||
| 2023 | 9.63% | 2.75% | 2.99% | -3.00% | 13.92% | -0.23% | 4.99% | -2.38% | -1.55% | -3.60% | 11.66% | 8.35% | 50.52% |
| 2022 | -15.18% | -2.07% | 0.53% | -10.45% | -4.51% | -5.24% | 15.93% | -5.61% | -5.64% | -0.63% | -1.06% | -8.00% | -36.80% |
| 2021 | -1.52% | -4.19% | 0.92% | 7.70% | -6.51% | 7.15% | 2.79% | 5.18% | -5.55% | 3.97% | 6.13% | 2.25% | 18.35% |
| 2020 | 1.01% | -7.74% | 5.95% | 13.28% | 7.55% | 6.66% | -4.18% | 11.54% | -5.06% | 1.45% | 2.15% | 7.71% | 45.33% |
| 2019 | 8.70% | 1.67% | 2.95% | 7.80% | -4.87% | 3.88% | 11.51% | -6.43% | 0.57% | 0.85% | 5.79% | 5.87% | 43.66% |
| 2018 | 2.02% | 1.03% | -7.17% | 5.51% | 9.41% | -0.00% | 1.11% | 8.50% | -3.48% | -11.58% | 1.53% | -7.54% | -2.90% |
| 2017 | 3.31% | 7.03% | -0.43% | 1.61% | 7.07% | -4.44% | 6.30% | 2.62% | -0.76% | 9.06% | 0.35% | -0.96% | 34.32% |
| 2016 | -8.61% | -2.53% | 3.31% | -1.91% | 5.04% | 5.13% | 17.28% | -0.20% | 10.80% | -1.91% | 4.03% | 2.36% | 35.01% |
| 2015 | -1.20% | 1.48% | -0.68% | 1.98% | 1.27% | -3.75% | 3.38% | -5.36% | -5.58% | 11.82% | 6.04% | -0.79% | 7.55% |
| 2014 | -4.47% | 3.40% | -1.58% | -7.59% | 5.20% | 1.96% | -0.02% | 3.69% | 2.44% | 4.67% | 8.16% | 2.28% | 18.50% |
| 2013 | 4.65% | 6.68% | 2.27% | -3.98% | 4.54% | -1.73% | 6.89% | -0.25% | 1.83% | 4.95% | 1.65% | 3.75% | 35.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PCT.L is 82, placing it in the top 18% of stocks on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Polar Capital Technology Trust (PCT.L) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Polar Capital Technology Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Polar Capital Technology Trust was 84.10%, occurring on Oct 7, 2002. Recovery took 3070 trading sessions.
The current Polar Capital Technology Trust drawdown is 14.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -84.1% | Sep 4, 2000 | 529 | Oct 7, 2002 | 3070 | Nov 28, 2014 | 3599 |
| -37.89% | Jan 5, 2022 | 247 | Dec 28, 2022 | 278 | Feb 5, 2024 | 525 |
| -34.75% | Jul 22, 1998 | 57 | Oct 9, 1998 | 53 | Dec 23, 1998 | 110 |
| -34.63% | Mar 13, 2000 | 48 | May 22, 2000 | 71 | Aug 31, 2000 | 119 |
| -29.44% | Feb 20, 2020 | 20 | Mar 18, 2020 | 21 | Apr 20, 2020 | 41 |
Volatility
Volatility Chart
The current Polar Capital Technology Trust volatility is 6.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Polar Capital Technology Trust compared to its peers in the Collective Investments industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for PCT.L in comparison to other companies of the Collective Investments industry. Currently, PCT.L has a PE value of 3.3. This PE value is considered to be low compared to the rest of the industry.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for PCT.L in comparison to other companies of the Collective Investments industry. Currently, PCT.L has a PEG value of 0.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Polar Capital Technology Trust.
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Income Statement
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