What is the Polar Capital Technology Trust (PCT)?
Polar Capital Technology Trust is a UK-listed investment trust that invests in technology and technology-related businesses globally. It aims to maximise long-term capital growth for shareholders by investing in a diversified portfolio of global technology companies across various sectors such as software, semiconductors and related technologies.
Who manages the Polar Capital Technology Trust?
PCT is managed by Polar Capital LLP, a specialist investment manager. The trust’s portfolio is run by a team of 12 technology investment specialists, led by Lead Manager Ben Rogoff and Deputy Manager Alastair Unwin. The team has over 150 years of combined industry experience.
On which stock exchange is PCT listed?
PCT is listed on the London Stock Exchange (ticker: PCT) and is a constituent of the FTSE 100 Index.
Where is PCT headquartered?
PCT is headquartered in London, United Kingdom.
What is the investment objective of the Polar Capital Technology Trust?
PCT aims to maximise long-term capital growth through investing in a diversified portfolio of technology companies around the world.
What benchmark does PCT use to measure performance?
PCT uses the Dow Jones Global Technology Index (Total Return, Sterling) as its performance benchmark.
What time horizon does PCT typically target for its investments?
PCT targets a long-term investment horizon, focusing on investing in technology companies with potential for sustained growth over many years rather than short-term trading. This aligns with its objective of long-term capital growth.
What types of companies does PCT invest in?
PCT invests primarily in technology-oriented companies around the world. Its portfolio includes equities in technology sectors such as semiconductors, software, communications equipment and technology hardware. The trust also holds technology stocks in related sectors that utilise tech (e.g., information, media, communications, and other tech-enabled fields).
How diversified is PCT’s portfolio?
PCT’s portfolio is broadly diversified across both regions and sectors within the technology universe to help reduce investment risk. While most of the portfolio holdings are in the US & Canada, it holds a range of international equities too, across Asia and Europe.
PCT also has limits on exposure to any single company of no more than 10% of gross assets and has emerging markets exposure capped at 25% of gross assets.
How can investors register to receive updates and monthly factsheets from PCT?
Investors can register to receive investment insights and monthly factsheets from PCT here.
Alternatively, investors can register by contacting customersupport@polarcapital.co.uk.
Who is the chair of PCT’s Board of Directors?
Catherine Cripps is the Independent Non-executive Chair of PCT’s board. She was appointed to the Board in September 2021 and as Chair in September 2022.
The other five members of the Board of Directors are Jane Pearce, Tim Cruttenden, Charles Park, Stephen White, and Adiba Ighodaro.
What is the role of Polar Capital LLP in managing PCT?
Polar Capital LLP acts as investment manager to the Polar Capital Technology Trust, with responsibility for portfolio management, investment decision-making, risk management and day-to-day administration, operating within the Trust’s stated investment objective and under the oversight of the independent Board of Directors.
Which other trusts does Polar Capital LLP manage?
In addition to PCT, Polar Capital LLP manages two other investment trusts:
Polar Capital Global Financials Trust plc – a trust focused on financial services companies listed globally.
Polar Capital Global Healthcare Trust plc – a trust investing in healthcare and life sciences companies worldwide.
How can investors buy shares in PCT?
Shares in PCT can be bought and sold on the London Stock Exchange through a stockbroker or online share-dealing platform, using the ticker PCT. Shares are typically available to hold within ISAs, SIPPs and other investment accounts, subject to platform availability.
For more information please visit our how to invest page.
Where can PCT’s reports and accounts be accessed?
PCT’s annual and interim reports, financial statements and other official documents are available in the Trust’s Document Library on its website and via financial platforms showing historical reports.
What is PCT’s financial year-end?
PCT’s financial year-end is 30 April each year.
How can investors contact Polar Capital Technology Trust?
Investors can contact the Trust at its registered office in London or via phone/email:
Address: 16 Palace Street, London SW1E 5JD, UK
Phone: +44 (0)20 7227 2700
Email: customersupport@polarcapital.co.uk
How does PCT differ from other technology investment trusts?
PCT has a global remit, dynamic active management approach and long-term investment focus. Unlike more index-constrained or region-specific technology trusts, it invests across the full global technology opportunity set, with flexibility across market capitalisations, regions and sub-sectors, and a strong emphasis on fundamental stock selection rather than benchmark replication.
This is all carried out by one of the largest and most experienced dedicated technology teams in the sector.
What are the main risks of investing in PCT?
As with all equity investments, capital is at risk and returns are not guaranteed when you invest. PCT has a Summary Risk Indicator of 5 out of 7, as disclosed in its Key Information Document. This rates the potential losses from future performance at a medium-high level and poor market conditions will likely impact the value of your investment.
For more information on the risks of investing in PCT please read the Trust’s Key Information Document.
Has PCT received any industry recognition?
PCT’s inclusion in the FTSE 100 Index from February 2025 is regarded as a significant milestone, reflecting its growth, scale and prominence within the UK investment trust sector. Further to this, PCT has picked up numerous awards in recent years, including:
Where can independent analysis or ratings of PCT be found?
Investors can find independent analysis and ratings of Polar Capital Technology Trust (PCT) from a variety of third-party financial information and research providers, including:
- FT.com / Financial Times
- Association of Investment Companies (AIC)
- Investors Chronicle
- QuotedData
- UK investment platforms and brokers (such as AJ Bell and Hargreaves Lansdown) also provide independent commentary, risk assessments and performance analysis.