Fund Overview

Investment Objective

The Fund aims to achieve long-term capital appreciation through investing in a globally-diversified portfolio of technology companies.

Investment Philosophy

The investment philosophy of the Polar Capital Technology team is driven by bottom-up stock selection within a theme-based framework. Experience tells them that earnings and cash flow growth are the primary drivers of stock performance. As a result they have a growth-centric approach, resulting in a bias towards small and mid-cap companies. However, a multi-cap style allows the Fund to invest selectively in large-cap companies, harnessing the secular growth potential of the more established new cycle beneficiaries whilst also providing flexibility to respond to changing market or economic conditions.

Key Facts

Team of nine sector specialists
The team has 130+ years of combined industry experience
Typically 60‑85 positions
No benchmark or tracking error constraints
Fundamentally-driven analysis and stock selection

Fund Managers & Analysts

Nick Evans

Partner

Ben Rogoff

Partner

Xuesong Zhao, CFA

Partner

Fatima Iu, CFA

Fund Manager

Alastair Unwin, CFA

Fund Manager

Brad Reynolds

Investment Analyst

Paul Johnson

Investment Analyst

Nick Williams

Investment Analyst

Patrick Stuff

Investment Analyst

Nick Evans

Nick joined Polar Capital in September 2007. He was appointed lead fund manager of the Global Technology Fund on 1 January 2008, and is also a fund manager on the Polar Capital Technology Trust and the Polar Capital Automation and Artificial Intelligence Fund.

Nick was previously head of technology at AXA Framlington where he was lead fund manager of the AXA Framlington Global Technology Fund and the AWF Framlington Global Technology Fund between August 2001 and July 2007. Both funds were rated five stars by S&P and received several S&P and Lipper performance awards. Nick graduated with a BSc (Hons) in Economics from University of Hull.

Academic qualificationsBSc (Hons) in Economics, University of Hull
Professional qualificationsASIP, Institute of Investment Management and Research
Industry experience24 years

Ben Rogoff

Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Automation and Artificial Intelligence Fund.

Prior to joining Polar Capital, Ben began his career in fund management at CMI, as a global technology analyst. He moved to Aberdeen Asset Managers in 1998 where he spent four years as a senior technology manager.

Academic qualificationsBA in Modern History, University of Oxford
Industry experience27 years

Xuesong Zhao, CFA

Xuesong joined Polar Capital in May 2012. He is a lead manager of the Polar Capital Automation and Artificial Intelligence Fund and is a Fund Manager on the Polar Capital Technology Trust and Polar Capital Global Technology Fund.

Prior to joining Polar Capital, he spent four years working as an investment analyst within the emerging markets & Asia team at Aviva Investors, where he was responsible for the technology, media and telecom sectors. Prior to that, he worked as a quantitative analyst and risk manager for the emerging market debt team at Pictet Asset Management. He started his career as a financial engineer at Algorithmics, now owned by IBM, in 2005.

Academic qualificationsBA in Economics, Peking UniversityMSc in Finance, Imperial College of Science & Technology
Professional qualificationsCFA Charterholder
Industry experience15 years

Fatima Iu, CFA

Fatima joined Polar Capital in April 2006. She is a fund manager on the Polar Capital Technology Fund, Polar Capital Technology Trust and Polar Capital Automation and Artificial Intelligence Fund. She is responsible for the coverage of European Technology, Global Security, Networking, Clean Energy and Medical Technology.

Prior to joining Polar, Fatima spent 18 months working at Citigroup Asset Management with a focus on consumer products and pharmaceuticals.

Academic qualificationsMSc in Chemistry with Medicinal Chemistry, Imperial College of Science & Technology, London
Professional qualificationsCFA Charterholder
Industry experience16 years

Alastair Unwin, CFA

Alastair joined Polar Capital in June 2019 as a Fund Manager. Prior to joining Polar Capital, Alastair co-managed the Arbrook American Equities Fund. Between 2014 and 2018 he launched and then managed the Neptune Global Technology Fund and managed the Neptune US Opportunities Fund. Prior to Neptune, Alastair was a technology analyst at Herald Investment Management.

Academic qualificationsBA (1st Class Hons) in History, University of Cambridge
Professional qualificationsCFA Charterholder
Industry experience11 years

Brad Reynolds

Brad joined Polar Capital in October 2011 as an analyst and trader working as part of the European Market Neutral team with a focus on media and internet. In 2014, he joined the Technology team as an investment analyst.

Prior to joining Polar Capital, Brad worked at Ratio Asset Management as an analyst and trader, and from 2007 to 2011 he worked at F&C as a hedge fund analyst. Brad started his career in 2001 at Gartmore Investment Management working within the hedge fund team.

Academic qualificationsBA (Hons) in Business Studies, University of Hertfordshire
Professional qualificationsPassed CFA Level I
Industry experience15 years

Paul Johnson

Paul joined Polar Capital in March 2012 as an investment analyst on the Polar Capital Technology team.

Prior to joining Polar Capital, Paul helped manage a private investment fund between 2010 and 2012. Paul is responsible for a number of thematic areas, including game software and automotive technologies.

Academic qualificationsBA in History and Politics, Keele University;MA in History, Keele University
Professional qualificationsPassed CFA Level III
Industry experience10 years

Nick Williams

Nick joined Polar Capital in June 2019 as an analyst on the Polar Capital Technology team. Prior to joining Polar Capital, Nick worked at Neptune Investment Management as the Assistant Fund Manager on the US Opportunities growth fund. Prior to that he worked in academia at the University of Oxford.

Academic qualificationsMChem in Chemistry, University of Oxford
Professional qualificationsPassed CFA Level 1
Industry experience6 years

Patrick Stuff

Patrick joined Polar Capital as an Operations Executive, where he provided operational support to all fund management teams at Polar, including the Technology team. During this time Patrick successfully passed all three levels of the CFA program first time, and subsequently, after a successful 8 months seconded to the technology team, Patrick joined on a full-time basis in May 2021 as an investment analyst with a focus on small and mid-cap companies.

Academic qualificationsBSc in Economics, University of Warwick
Professional qualificationsPassed CFA Level III
Industry experience6 years

Countries in which this fund is available

Please click on each country to see share class availability

Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Global Technology Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.

Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.

Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.

Benchmark: The Fund is actively managed and uses the Dow Jones Global Technology Net Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.djindexes.com. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.

Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.

The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.

Investing in technology to better the world

We believe the technology sector has been and will continue to be a net force for good in the world. Our approach aims to take into account the wide range of ESG risks prevalent in the technology sector, whilst still reflecting the enormous opportunities for technology companies to help solve existential environmental and social challenges such as climate change and financial inclusion.

ESG Policy Documents

Global Technology Fund - Sustainability Related Disclosures

29 Apr 2022

Exclusions

Applying norms-based and negative screens

The Global Technology Fund’s initial investment universe is subject to the following two exclusion criteria. Stock ideas which do not pass either of these are unsuitable for investment, and are not considered any further for inclusion into the portfolio.

1. Norms-based screening

This ensures that potential investee companies that are involved in controversial practices are excluded from investment. We take into account a number of different international conventions as part of this process, such as the UN’s Global Compact.

2. Negative screening

We also exclude companies we believe have a negative impact on the world by virtue of their business activities. We exclude companies that derive more than 5% of their revenues from the following activities.

Tobacco production

Thermal coal production

Oil and gas exploration and generation

Sustainability Framework

Positive alignment to ESG characteristics

To assess the portfolio’s potential positive impact on the world we evaluate each holding’s alignment – measured through the percentage of revenue or future revenue (based on R&D) – to three key environmental and social characteristics that the Fund promotes. Investment themes within the Fund often also align with these promoted characteristics, given the crucial role of the technology sector in tackling ESG challenges.

We believe these characteristics are well-aligned with a number of the United Nations Sustainable Development Goals (SDGs).

Increasing business productivity and efficiency

Companies who contribute to responsible economic growth through their products and services.

Access to technology and communications infrastructure

Companies whose products and services promote inclusive and sustainable industrialisation and foster innovation.

Empowering individuals

Companies who enhance the wellbeing and lives of individuals through innovative platforms and services.

Investment Integration

Comprehensive ESG analysis

We use third party ESG analysis reports as part of a wider assessment, investigating areas where an individual company scores poorly, checking that the information used to assign the score is accurate and timely, and taking a view on the materiality of the issue or controversy.

We conduct our own proprietary research, making use of company filings, sustainability reports, sell-side research and news reports. We also evaluate the company’s ESG practices versus peers, as we believe this to be a key marker of sustainability risks and opportunities.

Core to our process is that our ESG research is carried out by the same analysts responsible for the fundamental and financial assessment of portfolio companies. We believe ESG to be intrinsic to the investment opportunity in every company, and therefore they should be considered alongside one another. A company’s ESG profile can be as relevant to its investment profile as its competitive position, the differentiation of its underlying technology or any other characteristic.

Engagement

Effecting change and adding value

We engage where it is useful and can add value to our investment process and/or where we can use our influence to effect change. As one of the largest technology teams in Europe, we meet with a high number of companies regularly, and therefore typically have many opportunities to raise issues with them.

We also undertake a small number of more ESG-led engagements with companies where ESG issues have become more material, or we believe our engagement may effect positive change

Examples of issues that we have engaged on include:

Gender diversity and discrimination

Management remuneration

Carbon emissions

ESG disclosure

Voting

Active stewards of our clients' capital

We also exercise our shareholder rights to vote at companies’ AGM’s on a wider range of ESG issues. Analysts are responsible for voting all proxies. We subscribe to ISS’s Proxy services, and record when and why we vote against either ISS or management (which requires lead Fund Manager approval).

Find out more about Polar Capital's voting


Items voted	912
Votable items	912
Ballots voted	84
Votable ballots	84
Meetings voted	84
Votable meetings	84

Vote Cast Statistics

	Votes FOR	785
	Votes AGAINST	76
	Votes ABSTAIN	0
	Votes WITHHOLD	44
	Votes on MSOP	53

All voting data as at 31 December 2021


USA	55
Japan	8
Cayman Islands	3
China	3
Germany	3
Netherlands	2
Switzerland	2
Taiwan	2
Bermuda	1
Ireland	1
Israel	1
Jersey	1
Luxembourg	1
South Korea	1

Countries in which this fund is available

Please click on each country to see share class availability

Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Global Technology Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.

Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.

Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.

Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.

The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.

Performance (%)

Change

Cumulative Performance (%)

								Since Launch
	1m	3m	YTD	1yr	3yrs	5yrs	10yrs	Cumulative	Annualised
GBP Class I Dist	-10.41	-9.19	-10.41	-2.13	90.50	184.82	575.85	946.98	12.27
Index	-7.45	-3.19	-7.45	16.54	119.08	187.74	556.48	758.79	11.18

Source: Northern Trust International Fund Administration Services (Ireland) Ltd, monthly percentage growth, GBP and has been calculated to account for the deduction of fees. Fund performance does not take account of any commissions or costs incurred by investors when subscribing for or redeeming shares. The GBP Class I Dist was launched on 04 September 2009. The index performance figures are sourced from Bloomberg and are in GBP terms. These figures refer to the past. Investments in funds are subject to risk. Past performance is not a reliable indicator of future returns. The money invested in a fund can increase and decrease in value and past performance is not a reliable indicator that you will get back the full amount invested. The performance calculation is based on GBP. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

Performance is representative of the Institutional GBP share class which launched on 4 September 2009. Prior to this the performance figures are representative of the GBP share class which launched on 19 October 2001.

Net Total return data shown from 01/02/2013 as prior to this date only the price index data is available.

12 months to	31.01.22	29.01.21	31.01.20	31.01.19	31.01.18
GBP Class I Dist	-2.13	50.10	29.68	12.65	32.72
Index	16.54	39.41	34.84	3.46	26.95

Countries in which this fund is available

Please click on each country to see share class availability

Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Global Technology Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.

Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.

Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.

Benchmark: The Fund is actively managed and uses the Dow Jones Global Technology Net Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.djindexes.com. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.

Performance: The performance shown has been calculated to account for the deduction of fees and expenses and includes the reinvestment of dividends and capital gain distributions. £ or GBP/US$/JPY/EUR/CHF = Currency abbreviations of: British Pound sterling/US Dollar/Japanese Yen/Euro/Swiss Franc, respectively.

Risk: Factors affecting fund performance may include changes in market conditions (including currency risk) and interest rates, as well as other economic, political, or financial developments. The Fund’s investment policy allows for it to enter into derivatives contracts. Leverage may be generated through the use of such financial instruments and investors must be aware that the use of derivatives may expose the Fund to greater risks, including, but not limited to, unanticipated market developments and risks of illiquidity, and is not suitable for all investors. Past performance is not a guide to or indicative of future results. Future returns are not guaranteed and a loss of principal may occur. Polar Capital may also receive a performance fee based on the appreciation in the NAV per share and accordingly the performance fee will increase with regard to unrealised appreciation, as well as realised gains. The performance fee may create an incentive for Polar Capital to make investments for Polar Capital Funds plc which are riskier than would be the case in the absence of a fee based on the performance of Polar Capital Funds plc.

Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.

The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.

Top 10 Positions (%)

Apple	9.8
Microsoft	8.5
Alphabet	5.0
Advanced Micro Devices	3.8
TSMC	3.1
Lattice Semiconductor	2.3
E Ink Holdings	2.2
ASML Holding	2.2
ServiceNow	2.0
KLA Tencor	1.9
Total

Market Capitalisation Exposure (%)

	Mega Cap (>US$50bn)	57.9
	Large Cap (US$10 - 50bn)	23.5
	Mid Cap (US$1 - 10bn)	18.6
	Small Cap (<US$1bn)	0.0


US & Canada	72.8
Asia Pac (ex-Japan)	11.9
Middle East & Africa	3.2
Europe	2.7
Japan	2.1
Latin America	1.2
Cash	6.1

	Fund	Relative
Semiconductors	21.7	4.8
Semiconductor Equipment	7.8	2.9
Automobile Manufacturers	2.8	2.8
Electronic Components	2.2	2.1
Internet Services & Infrastructure	3.1	1.7
Data Processing & Outsourced Serv.	1.9	1.6
Hotels, Resorts & Cruise Lines	1.3	1.3
Internet & Direct Marketing Retail	2.9	1.2
Interactive Home Entertainment	1.5	1.1
Healthcare Supplies	0.6	0.6
Advertising	0.0	-0.1
Alternative Carriers	0.0	-0.2
Healthcare Technology	0.0	-0.3
Technology Distributors	0.0	-0.3
Industrial Conglomerates	0.0	-0.3
Communications Equipment	1.9	-0.7
Systems Software	16.0	-2.5
IT Consulting & Other Services	0.6	-3.5
Interactive Media & Services	8.3	-7.1
Tech. Hardware, Storage & Periph.	10.5	-11.5

Note: Totals may not sum due to rounding.

^The Fund may hold call and/or put options for Efficient Portfolio Management. When applicable all exposures are calculated using delta adjusted weights.

It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request.

Countries in which this fund is available

Please click on each country to see share class availability

Important Information: This document is provided for the sole use of the intended recipient and is not a financial promotion. Global Technology Fund (the “Fund”) is a sub-fund of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This document has been prepared by Polar Capital for informational purposes only for the sole use of the intended recipient. It does not seek to make any recommendation to buy or sell any particular security (including shares in the Fund) or to adopt any specific investment strategy. This document does not contain information material to an investor’s decision to invest in the Fund. Shares in the Fund are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapital.co.uk. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.

Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.

Holdings: Portfolio data is “as at” the date indicated and should not be relied upon as a complete or current listing of the holdings (or top holdings) of the fund. The holdings may represent only a small percentage of the aggregate portfolio holdings, are subject to change without notice, and may not represent current or future portfolio composition. Information on particular holdings may be withheld if it is in the fund’s best interest to do so. A historic complete list of the portfolio holdings may be made available upon request. It should not be assumed that recommendations made in future will be profitable or will equal performance of the securities in this document. A list of all recommendations made within the immediately preceding 12 months is available upon request. This document is designed to provide updated information to professional investors to enable them to monitor the Fund. No other persons should rely upon it. The information provided in this document should not be considered a recommendation to purchase or sell any particular security.

Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.

Benchmark: The Fund is actively managed and uses the Dow Jones Global Technology Net Total Return Index as a performance target and to calculate the performance fee. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Fund invests. The performance of the Fund is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found http://www.djindexes.com. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.

Allocations: The strategy allocation percentages set forth in this document are estimates and actual percentages may vary from time-to-time. The types of investments presented herein will not always have the same comparable risks and returns. Please see the private placement memorandum for a description of the investment allocations as well as the risks associated therewith. Please note that the Fund may elect to invest assets in different investment sectors from those depicted herein, which may entail additional and/or different risks. Performance of the Fund is dependent on the Investment Manager’s ability to identify and access appropriate investments, and balance assets to maximize return to the Fund while minimizing its risk. The actual investments in the Fund may or may not be the same or in the same proportion as those shown herein.

Country Specific Disclaimers Please be aware that not every share class of every fund is available in all jurisdictions. When considering an investment into the Fund, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.

The Fund is registered for sale to all investors in the countries listed above. Investors should make themselves aware of the relevant financial, legal and tax implications if they choose to invest.

Fund Literature

Key Fund Literature

Prospectus

11 Jul 2022

Reportable Income - Polar Capital Funds plc

31 Dec 2021

Polar Capital Funds plc - Summary of Investor Rights

02 Aug 2021

Regional

Thematic & Sector

Alternative

Investment Trusts

Global Technology Fund

Long-term thematic investors in technology companies globally

Fund Overview

Investment Objective

Investment Philosophy

Key Facts

Fund Managers & Analysts

Nick Evans

Ben Rogoff

Xuesong Zhao, CFA

Fatima Iu, CFA

Alastair Unwin, CFA

Brad Reynolds

Paul Johnson

Nick Williams

Patrick Stuff

Nick Evans

Nick joined Polar Capital in September 2007. He was appointed lead fund manager of the Global Technology Fund on 1 January 2008, and is also a fund manager on the Polar Capital Technology Trust and the Polar Capital Automation and Artificial Intelligence Fund.

Ben Rogoff

Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Automation and Artificial Intelligence Fund.

Xuesong Zhao, CFA

Xuesong joined Polar Capital in May 2012. He is a lead manager of the Polar Capital Automation and Artificial Intelligence Fund and is a Fund Manager on the Polar Capital Technology Trust and Polar Capital Global Technology Fund.

Fatima Iu, CFA

Alastair Unwin, CFA

Brad Reynolds

Brad joined Polar Capital in October 2011 as an analyst and trader working as part of the European Market Neutral team with a focus on media and internet. In 2014, he joined the Technology team as an investment analyst.

Paul Johnson

Paul joined Polar Capital in March 2012 as an investment analyst on the Polar Capital Technology team.

Nick Williams

Patrick Stuff

Countries in which this fund is available

Investing in technology to better the world

ESG Policy Documents

Applying norms-based and negative screens

1. Norms-based screening

2. Negative screening

Positive alignment to ESG characteristics

Comprehensive ESG analysis

Effecting change and adding value

Active stewards of our clients' capital

Voting Statistics

Vote Cast Statistics

Meetings Voted by Market

Countries in which this fund is available

Fund Performance

Cumulative Performance (%)

Discrete Annual Performance (%)

Countries in which this fund is available

Portfolio Exposure

Top 10 Positions (%)

Market Capitalisation Exposure (%)

Geographic Exposure (%)

Sector Exposure (%)Top Overweights & Underweights Relative to Index

Countries in which this fund is available

Fund Literature

Key Fund Literature

Fact Sheet History