Morningstar Fund Report  | 02/04/2025Print

Polar Capital Funds PLC - China stars Fund Class I Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Polar Capital Funds PLC - China stars Fund Class I Acc
Fund-14.6-9.3-21.715.811.4
+/-Cat-7.79.5-9.41.65.8
+/-B’mrk-5.93.3-15.3-8.95.2
 
Category: Greater China Equity
Category Benchmark: MSCI Golden Dragon NR USD
Key Stats
NAV
31/03/2025		 USD 12.03
Day Change -0.89%
Morningstar Category™ Greater China Equity
ISIN IE00BG43Q423
Fund Size (Mil)
31/03/2025		 USD 13.26
Share Class Size (Mil)
31/03/2025		 USD 1.49
Max Initial Charge 5.00%
Ongoing Charge
29/11/2024		  0.85%
Investment Objective: Polar Capital Funds PLC - China stars Fund Class I Acc
The Fund’s investment objective is to achieve long term capital growth. The Fund will seek to achieve its investment objective by primarily investing in a diversified portfolio of equity securities and equity related securities of, or relating to companies, which are domiciled, or exercise the predominant part of their economic activity, in The Peoples’ Republic of China, Hong Kong and Taiwan (together “Greater China”). The Fund is not expected to invest more than 40% of its Net Asset Value in securities issued by companies outside of Greater China.
Returns
Trailing Returns (GBP)31/03/2025
YTD10.01
3 Years Annualised0.72
5 Years Annualised2.01
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Jerry Wu
31/08/2018
Jorry Rask Nøddekær
31/08/2018
Inception Date
31/08/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China All Shares NR USDMSCI Golden Dragon NR USD
Portfolio Profile for  Polar Capital Funds PLC - China stars Fund Class I Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.360.0098.36
Bond1.140.001.14
Property0.000.000.00
Cash0.500.000.50
Other0.000.000.00
Top 5 Regions%
Asia - Emerging87.61
Asia - Developed8.39
Eurozone3.20
United States0.80
Canada0.00
Top 5 Sectors%
Consumer Cyclical29.61
Financial Services16.85
Industrials16.53
Communication Services15.69
Technology7.88
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services9.62
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical6.26
Meituan Class BConsumer CyclicalConsumer Cyclical4.68
China Construction Bank Corp Cla... Financial ServicesFinancial Services4.45
Shenzhen Inovance Technology Co ... IndustrialsIndustrials3.99
Increase Decrease New since last portfolio
Polar Capital Funds PLC - China stars Fund Class I Acc
Growth Of 1000 (GBP) 28/02/2025
Fund:  Polar Capital Funds PLC - China stars Fund Class I Acc
Category:  Greater China Equity
Category Index:  MSCI Golden Dragon NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 20192020202120222023202428/02
Price Return26.1140.68-14.56-9.26-21.7415.7511.37
+/- Category1.265.29-7.729.47-9.411.635.82
+/- Category Index7.1116.47-5.933.29-15.25-8.945.18
% Rank in Category3728851087379
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.89   1.00-2.26
1 Week-2.09   1.51-0.42
1 Month-1.22   2.922.83
3 Months10.01   9.768.12
6 Months6.49   5.893.07
YTD10.01   9.768.12
1 Year27.70   15.944.63
3 Years Annualised0.72   2.52-3.16
5 Years Annualised2.01   0.71-3.29
10 Years Annualised-   --
 
Category: Greater China Equity
Category Index: MSCI Golden Dragon NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2024-0.283.6215.73-3.21
20233.51-15.74-1.66-8.75
2022-11.5013.56-13.694.61
20210.282.81-14.96-2.54
2020-1.6322.326.749.52
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average3 star
5-YearAverageAbove Average3 star
10-Year--Not Rated
OverallAverageAbove Average3 star
 
Category :  Greater China EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev27.70 %
3-Yr Mean Return2.32 %
 
3-Yr Sharpe Ratio-0.06
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 MSCI Golden Dragon NR USD  Morningstar China TME NR USD
3-Yr Beta1.100.93
3-Yr Alpha-4.52-4.07
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 56984-
Market Capitalisation% of Equity
Giant74.77
Large16.30
Medium7.30
Small1.04
Micro0.59
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.091.00
Price/Book2.141.00
Price/Sales1.810.98
Price/Cash Flow11.691.08
Dividend-Yield Factor2.450.95
 
Long-Term Projected Earnings Growth7.490.72
Historical Earnings Growth1.510.49
Sales Growth3.511.05
Cash-Flow Growth16.322.34
Book-Value Growth7.321.17
 
Category: Greater China Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.360.0098.36
Bond1.140.001.14
Property0.000.000.00
Cash0.500.000.50
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.800.76
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone3.2036.81
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.000.00
Australasia0.00-
Asia - Developed8.390.30
Asia - Emerging87.611.26
 
Category: Greater China Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.191.25
Consumer CyclicalConsumer Cyclical29.611.12
Financial ServicesFinancial Services16.851.40
Real EstateReal Estate2.591.04
Consumer DefensiveConsumer Defensive3.170.64
HealthcareHealthcare5.491.39
Communication ServicesCommunication Services15.691.03
IndustrialsIndustrials16.531.90
TechnologyTechnology7.880.35
 
Category: Greater China Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings52
Total Number of Bond Holdings1
Assets in Top 10 Holdings45.02
NameSectorCountry% of Assets
Tencent Holdings Ltd308China9.62
Alibaba Group Holding Ltd Ordinary Sh... 102China6.26
Meituan Class B102China4.68
China Construction Bank Corp Class H103China4.45
Shenzhen Inovance Technology Co Ltd C... 310China3.99
ANTA Sports Products Ltd102China3.43
Hong Kong Exchanges and Clearing Ltd103Hong Kong3.38
China Merchants Bank Co Ltd Class H103China3.25
Prosus NV Ordinary Shares - Class N308Netherlands3.15
Hongfa Technology Co Ltd Class A310China2.81
 
Increase Decrease New since last portfolio
Category: Greater China Equity
 
Management
Name of CompanyPolar Capital LLP
Phone44 (0)20 7227 2700
Websitewww.polarcapitalfunds.com
Address16 Palace Street
 London   SW1E 5JD
 United Kingdom
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date31/08/2018
Fund Advisor(s)
Polar Capital LLP
Fund ManagerJerry Wu
Manager Start Date31/08/2018
Fund ManagerJorry Rask Nøddekær
Manager Start Date31/08/2018
 
Biography
Joined Polar Capital in June 2018. Prior to joining Polar Capital, Jorry worked at various firms including Nordea Investment Management, Danske Capital, F&C Investment Management, New Star Asset Management and BankInvest Asset Management. Jorry studied at Aarhus University in Denmark where he gained an MSc in economics and finance.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.85%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo