Portfolio Holdings as at 30 November 2019

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 30 NOVEMBER 2019

Rank	Company	Sector	Country	% of Net Assets

1	Roche *	Health Care	Switzerland		3.7
2	Vodafone	Communication Services	United Kingdom		3.2
3	AstraZeneca	Health Care	United Kingdom		3.2
4	Novartis	Health Care	Switzerland		3.2
5	Verizon	Communication Services	United States		3.0
6	Sanofi	Health Care	France		2.8
7	Orange	Communication Services	France		2.8
8	Singapore Telecommunications	Communication Services	Singapore		2.8
9	Sony	Consumer Discretionary	Japan		2.7
10	Tesco	Consumer Staples	United Kingdom		2.6
11	Sumitomo Mitsui Trust	Financials	Japan		2.6
12	Sumitomo Mitsui Financial	Financials	Japan		2.6
13	ING	Financials	Netherlands		2.5
14	Royal Dutch Shell A	Energy	Netherlands		2.5
15	BNP Paribas	Financials	France		2.5
16	East Japan Railway	Industrials	Japan		2.5
17	Galaxy Entertainment	Consumer Discretionary	Hong Kong		2.4
18	Total	Energy	France		2.4
19	Astellas Pharma	Health Care	Japan		2.4
20	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.4
21	ENI	Energy	Italy		2.3
22	BP	Energy	United Kingdom		2.3
23	Bangkok Bank **	Financials	Thailand		2.2
24	Panasonic	Consumer Discretionary	Japan		2.2
25	Fresenius Medical Care	Health Care	Germany		2.1
26	Swire Pacific A	Real Estate	Hong Kong		2.1
27	China Mobile	Communication Services	China		2.1
28	Bayer	Health Care	Germany		2.0
29	Comsys	Industrials	Japan		2.0
30	Samsung SDI	Information Technology	South Korea		2.0
31	Commerzbank	Financials	Germany		2.0
32	Telefonica	Communication Services	Spain		1.9
33	BBVA	Financials	Spain		1.8
34	Japan Tobacco	Consumer Staples	Japan		1.8
35	Apache	Energy	United States		1.8
36	Shanghai Fosun Pharmaceutical H	Health Care	China		1.7
37	CK Hutchison	Industrials	Hong Kong		1.6
38	Nokia	Information Technology	Finland		1.6
39	Rohm	Information Technology	Japan		0.5

	Total equity investments			90.8
	Cash and other net assets			9.2

	Net assets			100.0


	* The investment is in non-voting shares **The investment is in non-voting depositary receipts

GEOGRAPHICAL DISTRIBUTION

30 November 2019	% of Net Assets

Europe	36.2
Japan	19.2
Asia Pacific	16.9
United Kingdom	11.3
United States	4.8
Other	2.4
Cash and other net assets	9.2
	100.0

SECTOR DISTRIBUTION

30 November 2019	% of Net Assets
Health Care	21.2
Financials	18.7
Communication Services	15.8
Energy	11.2
Consumer Discretionary	7.2
Industrials	6.1
Consumer Staples	4.4
Information Technology	4.0
Real Estate	2.1
Cash and other net assets	9.2
	100.0