Portfolio Holdings as at 31 August 2018

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 AUGUST 2018

				% of
Rank	Company	Sector	Country	Net Assets

1	Roche *	Health Care	Switzerland		4.0
2	Novartis	Health Care	Switzerland		3.2
3	Getinge	Health Care	Sweden		3.2
4	PostNL	Industrials	Netherlands		3.2
5	Royal Dutch Shell **	Oil & Gas	Netherlands		3.1
6	Sanofi	Health Care	France		3.1
7	Telefonica	Telecommunications	Spain		2.9
8	Nokia	Technology	Finland		2.9
9	Ahold Delhaize	Consumer Services	Netherlands		2.9
10	ENI	Oil & Gas	Italy		2.8
11	Total	Oil & Gas	France		2.8
12	Nordea Bank	Financials	Sweden		2.8
13	ISS	Industrials	Denmark		2.8
14	ING	Financials	Netherlands		2.8
15	Ryanair	Consumer Services	Ireland		2.7
16	Indra Sistemas	Technology	Spain		2.7
17	Glanbia	Consumer Goods	Ireland		2.6
18	Deutsche Post	Industrials	Germany		2.6
19	Bayer	Health Care	Germany		2.6
20	Ipsos	Consumer Services	France		2.6
21	Danske Bank	Financials	Denmark		2.5
22	Rocket Internet	Financials	Germany		2.5
23	E.ON	Utilities	Germany		2.5
24	Siemens	Industrials	Germany		2.5
25	DNB	Financials	Norway		2.4
26	BBVA	Financials	Spain		2.4
27	BNP Paribas	Financials	France		2.4
28	Adecco	Industrials	Switzerland		2.3
29	Commerzbank	Financials	Germany		2.3
30	Ontex	Consumer Goods	Belgium		2.3
31	BB Biotech	Health Care	Switzerland		2.2
32	Michelin	Consumer Goods	France		2.1
33	Orange	Telecommunications	France		2.1
34	Airbus	Industrials	France		2.0
35	Leoni	Industrials	Germany		1.9
36	Cyfrowy Polsat	Consumer Services	Poland		1.9
37	Mediobanca	Financials	Italy		1.9
38	Outotec	Industrials	Finland		1.7
39	Petroleum Geo-Services	Oil & Gas	Norway		1.6
40	DIA	Consumer Services	Spain		1.0

	Total equity investments			100.8
	Cash and other net liabilities			(0.8)

	Net assets			100.0

	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

31 August 2018	% of Net Assets

France	17.1
Germany	16.9
Netherlands	12.0
Switzerland	11.7
Spain	9.0
Sweden	6.0
Denmark	5.3
Ireland	5.3
Italy	4.7
Finland	4.6
Norway	4.0
Belgium	2.3
Poland	1.9
Cash and other net liabilities	(0.8)
	100.0

SECTOR DISTRIBUTION

31 August 2018	% of Net Assets

Financials	22.0
Industrials	19.0
Health Care	18.3
Consumer Services	11.1
Oil & Gas	10.3
Consumer Goods	7.0
Technology	5.6
Telecommunications	5.0
Utilities	2.5
Cash and other net liabilities	(0.8)
	100.0