Polar Capital Global Healthcare Trust plc (PCGH.L) is a closed-end investment trust that seeks capital growth through a diversified global portfolio of listed equities issued by healthcare companies across pharmaceuticals, biotechnology, healthcare equipment and services, and medical devices; the portfolio emphasizes high-conviction investments in growth-oriented firms including top holdings such as Eli Lilly & Co (9.6%), AstraZeneca (5.2%), and Thermo Fisher Scientific (4.4%), with sector allocations of 36.1% to pharmaceuticals, 22.3% to biotechnology, and 13.5% to healthcare equipment, alongside geographic exposure led by the United States (53.2%), Denmark (12.0%), and the United Kingdom (5.2%) across 12 countries in North America, Europe, and Asia. Established in 2010 and headquartered in London, United Kingdom, the Trust is actively managed by Polar Capital LLP, employing fundamental research, active stock-picking, and risk management to target innovative opportunities in the rapidly advancing healthcare industry serving institutional and retail investors globally. In recent developments, the Trust completed a 100% tender offer in November 2025 with overwhelming shareholder support, removed its fixed-life structure in favor of rolling five-yearly tender offers starting with the initial offer on or ahead of March 31, 2031, and implemented a revised charging structure with reduced fees to enhance long-term attractiveness while maintaining its core investment strategy.