III - FundFactsheet

Fund Objective: The Fund aims to provide an attractive total return, irrespective of broader economic and financial market conditions, by investing in companies operating within the international insurance sector.

  Initial Charge  Star Rating Fund Risk Level   12 Month Performance
0.00% 5 LowLowLowLowLow 5.16 4.52
Quick Stats Purchase info
Currency: GBP Change on day 0.51% Sector FO Equity - Financial Min: £20.00
Bid price: 0.00 YTD return 8.22% Fund size(£m) 1141.61 ISA: Yes
Mid price: 5.16 Yield - Fund type OEIC
Offer price 0.00 Type Income Unit Launch date 21/07/2009
Performance - View all
Key Chart Instrument 1 mth 6 mths 1 yr 3 yrs
Polar Capital Global Insurance I Inc GBP 7.35% 9.98% 7.94% 61.08%
FO Equity - Financial 1.99% 2.67% 9.76% 26.91%



Sector Weighting - as at 29/06/18
Region Weighting - click here
Sector % of fund
Trade 37.23
Insurance 37.10
Retail 19.23
Health Care 5.68
Money Market 0.76
Region Weighting - as at 29/06/18
Sector Weighting - click here
Region % of fund
USA 51.16
Bermuda 20.50
UK 12.54
Canada 8.48
Finland 1.93
Germany 1.72
Hong Kong 1.53
China 1.37
Money Market 0.76

Sector/Region weightings are currently unavailable

Fund Objective

The Fund aims to provide an attractive total return, irrespective of broader economic and financial market conditions, by investing in companies operating within the international insurance sector.

Fund Manager

Nick Martin

Since: 01/09/2001

Biography:Nick Martin joined Polar Capital in September 2010 and is manager of the Polar Capital Global Insurance Fund (previously the Hiscox Insurance Portfolio Fund). Nick has worked closely with Alec Foster since 2001 when he joined Hiscox plc. He participated in the management buyout of Hiscox Investment Management in 2007 when the business was renamed HIM Capital Ltd. He has developed a broad knowledge of the insurance sector during this time and from working for the chartered accountants, Mazars Neville Russell, where he specialised in audit and consultancy work for insurance companies and brokers. He is a qualified chartered accountant and obtained a first class honours degree in Econometrics and Mathematical Economics at the London School of Economics.

Alpha Manager
is an FE Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets.

Quick Stats
Citi code NAU3 Legal structure OEIC Fund Currency GBP
ISIN code IE00B530JS22 Fund size £1,141.61 M at 29/06/2018 Price date 16/08/2018
Fund Risk Level LowLowLowLowLow Star rating 5 Pricing freq Daily
Sector FO Equity - Financial Valor code 13158147 WKN Code A1JJM7
Bid price 0.00 Mid price 5.16 Offer Price 0.00
Benchmark MSCI Daily TR World Net Insurance Yield - Launch date 21/07/2009
Domicile Ireland Type Distributing ISA Yes
Purchase & Other Information
Min.investment £20.00
Min.top-up £20.00
Standard (Fund Manager) Initial Charge 5.00%
Interactive Investor Initial Charge 0.00%
Ongoing Charges 0.88% at 31/12/2017
Performance Fee 10% 10.00% of outperformance of MSCI Daily Net TR World Insurance Index
Compliant Reporting Fund Status, UCITS IV Compliant,
Dividend dates Jan 01, Apr 01, Jul 01, Oct 01
For sale in Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden,
Performance Chart in (GBP)

Bid-to-bid with income reinvested.

Past performance is not a guide to future performance. Fund performance data doesn’t take into account fees and expenses which are specific to individual plans. Details are available on request.

Cumulative Performance in GBP
  3 mth 6 mth 1 yr 3 yr 5 yr
Fund 8.95% 9.98% 7.94% 61.08% 111.73%
Sector 1.67% 2.67% 9.76% 26.91% 57.98%
Relative to sector 7.28% 7.31% -1.82% 34.17% 53.75%
Rank within sector 1/11 3/11 4/10 2/10 1/10
Quartile 1st 1st 2nd 1st 1st
Discrete Annual Performance to Last Quarter End in GBP
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Fund 1.75% 21.68% 25.24% 18.21% 4.19%
Sector 8.50% 32.44% -15.56% 14.72% 12.23%
Relative to sector -6.75% -10.76% 40.80% 3.49% -8.04%
Rank within sector 10/10 10/10 1/10 5/10 7/9
Quartile 4th 4th 1st 2nd 3rd
Performance by Calendar Year in GBP
  YTD 2017 2016 2015 2014
Fund 8.22% 6.47% 34.56% 14.35% 12.47%
Sector 4.01% 18.85% 8.61% 1.71% 7.59%
Relative to sector 4.21% -12.38% 25.95% 12.64% 4.88%
Rank within sector 2/10 10/10 2/10 1/10 4/10
Quartile 1st 4th 1st 1st 2nd
Fund Price Movement in GBP
12 month high 5.16 (British Pound) 12 month low 4.52 (British Pound)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Fund 8.81 14.20 0.24 1.42 13.33 0.60 0.13
Asset Weightings as at June 29, 2018
Rank Change Name % Weighting
1 NewEntry US Equities 71.60%
2 NoChange UK Equities 12.50%
3 NewEntry Canadian Equities 8.50%
4 NewEntry European Equities 3.70%
5 NewEntry Asia Pacific Equities 2.90%
6 NewEntry Money Market 0.80%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at June 29, 2018
Rank Change Name % Weighting
1 NoChange USA 51.16%
2 NoChange Bermuda 20.50%
3 NoChange UK 12.54%
4 NoChange Canada 8.48%
5 NoChange Finland 1.93%
6 NoChange Germany 1.72%
7 NoChange Hong Kong 1.53%
8 NoChange China 1.37%
9 NoChange Money Market 0.76%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at June 29, 2018
Rank Change Name % Weighting
1 NoChange Trade 37.23%
2 NoChange Insurance 37.10%
3 NoChange Retail 19.23%
4 NoChange Health Care 5.68%
5 NoChange Money Market 0.76%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at June 29, 2018
Rank Change Name % Weighting
1 NoChange ARCH CAPITAL GROUP 8.15%
2 NoChange MARSH & MCLENNAN COS INC 8.12%
3 NoChange CHUBB LTD 7.28%
4 NoChange BERKLEY(W.R.)CORP 5.23%
5 NoChange FAIRFAX FINL HLDGS LTD 5.01%
6 NoChange ALLEGHANY CORP 4.95%
7 NoChange MARKEL CORP 4.42%
8 NoChange BERKSHIRE HATHAWAY INC 4.23%
9 Riser ESSENT GRP LTD 4.09%
10 Faller PROGRESSIVE CORP(OHIO) 4.00%
Total 55.47%
  •  Faller
  •  Riser
  •  No change
  • new  New entry