Polar Capital Technology Trust plc (0Y10)

Profile

https://www.polarcapitaltechnologytrust.co.uk

Polar Capital Technology Trust plc is a closed-ended investment trust launched in 1996, managed by a team of dedicated technology specialists at Polar Capital LLP. Its primary objective is to maximise long-term capital growth for shareholders by investing in a broadly diversified portfolio of quoted technology equities worldwide, spanning regions and sub-sectors to mitigate risk. The trust benchmarks its performance against the Dow Jones World Technology TR GBP index and focuses on high-quality companies benefiting from major trends like artificial intelligence, with recent portfolio shifts toward AI-enabling hardware and power providers alongside traditional leaders. Top holdings as of late 2025 include NVIDIA Corp (10.05%), Broadcom Inc (5.29%), and Microsoft Corp (4.99%), with sector allocations led by technology (68.27%) and significant exposure to the United States (68.26%). As a FTSE 100 constituent domiciled in the United Kingdom, it maintains an ongoing charge of approximately 0.77%, no dividends, and trades at a typical discount to net asset value, underscoring its role as a key vehicle for European investors seeking concentrated yet diversified global technology exposure.