Portfolio Holdings as at 31 October 2019

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 OCTOBER 2019

				% of
Rank	Company	Sector	Country	Net Assets
1	Sanofi	Health Care	France	4.2
2	Deutsche Post	Industrials	Germany	3.5
3	Roche *	Health Care	Switzerland	3.5
4	Royal Dutch Shell **	Energy	Netherlands	3.2
5	Telefonica	Communication Services	Spain	3.2
6	Gerresheimer	Health Care	Germany	3.2
7	Adecco	Industrials	Switzerland	3.1
8	Orange	Communication Services	France	3.0
9	Stora Enso	Materials	Finland	3.0
10	Sopra Steria	Information Technology	France	2.9
11	ING	Financials	Netherlands	2.9
12	Ipsos	Communication Services	France	2.9
13	Michelin	Consumer Discretionary	France	2.8
14	Total	Energy	France	2.7
15	BNP Paribas	Financials	France	2.7
16	Novartis	Health Care	Switzerland	2.7
17	Cyfrowy Polsat	Communication Services	Poland	2.7
18	ENI	Energy	Italy	2.6
19	Valeo	Consumer Discretionary	France	2.6
20	Ryanair	Industrials	Ireland	2.6
21	Indra Sistemas	Information Technology	Spain	2.5
22	Siemens	Industrials	Germany	2.5
23	PostNL	Industrials	Netherlands	2.5
24	Bayer	Health Care	Germany	2.4
25	ISS	Industrials	Denmark	2.4
26	BBVA	Financials	Spain	2.4
27	E.ON	Utilities	Germany	2.3
28	Rocket Internet	Consumer Discretionary	Germany	2.2
29	Nokia	Information Technology	Finland	2.2
30	Ahold Delhaize	Consumer Staples	Netherlands	2.2
31	Outotec	Industrials	Finland	2.0
32	Commerzbank	Financials	Germany	1.9
33	United Internet	Communication Services	Germany	1.9
34	Fresenius Medical Care	Health Care	Germany	1.8
35	Ontex	Consumer Staples	Belgium	1.7
36	Glanbia	Consumer Staples	Ireland	1.7
37	Petroleum Geo-Services	Energy	Norway	1.1
38	Leoni	Consumer Discretionary	Germany	0.7
	Total equity investments			96.4
	Cash and other net assets			3.6
	Net assets			100.0
	* The investment is in non-voting shares ** The investment is in A shares

GEOGRAPHICAL DISTRIBUTION

31 October 2019	% of Net Assets
France	23.9
Germany	22.4
Benelux	12.5
Southern Europe	10.7
Scandinavia	10.7
Switzerland	9.3
Ireland	4.2
Poland	2.7
Cash and other net assets	3.6
	100.0

Benelux (Belgium, Netherlands)

Southern Europe (Italy, Spain)

Scandinavia (Denmark, Finland, Norway)

SECTOR DISTRIBUTION

31 October 2019	% of Net Assets
Industrials	18.5
Health Care	17.8
Communication Services	13.7
Financials	9.8
Energy	9.7
Consumer Discretionary	8.3
Information Technology	7.7
Consumer Staples	5.6
Materials	3.0
Utilities	2.3
Cash and other net assets	3.6
	100.0

Totals may not add due to rounding

As at 31 October 2019, the net assets of the Company were £369,692,000.

15 November 2019

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Enquiries:
Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:
Beaufort House
51 New North Road
Exeter
EX4 4EP