Portfolio Holdings as at 31 January 2019

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 JANUARY 2019

Rank	Company	Sector	Country	% of Net Assets

1	Roche *	Health Care	Switzerland		4.0
2	AstraZeneca	Health Care	United Kingdom		3.1
3	Novartis	Health Care	Switzerland		2.9
4	China Mobile	Telecommunications	China		2.7
5	Swire Pacific A	Industrials	Hong Kong		2.7
6	Nokia	Technology	Finland		2.7
7	Royal Dutch Shell A	Oil & Gas	Netherlands		2.6
8	Verizon	Telecommunications	United States		2.6
9	Sanofi	Health Care	France		2.5
10	Sumitomo Mitsui Financial	Financials	Japan		2.5
11	Bangkok Bank **	Financials	Thailand		2.5
12	ING	Financials	Netherlands		2.5
13	Tesco	Consumer Services	United Kingdom		2.5
14	Sumitomo Mitsui Trust	Financials	Japan		2.5
15	Galaxy Entertainment	Consumer Services	Hong Kong		2.4
16	ENI	Oil & Gas	Italy		2.4
17	Singapore Telecommunications	Telecommunications	Singapore		2.4
18	Total	Oil & Gas	France		2.4
19	BP	Oil & Gas	United Kingdom		2.4
20	East Japan Railway	Consumer Services	Japan		2.4
21	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.3
22	Commerzbank	Financials	Germany		2.3
23	Vodafone	Telecommunications	United Kingdom		2.3
24	Synchrony Financial	Financials	United States		2.3
25	Panasonic	Consumer Goods	Japan		2.1
26	Telefonica	Telecommunications	Spain		2.0
27	Cirrus Logic	Technology	United States		2.0
28	BBVA	Financials	Spain		2.0
29	Bayer	Health Care	Germany		2.0
30	Japan Tobacco	Consumer Goods	Japan		1.9
31	Alps Electric	Industrials	Japan		1.9
32	Shanghai Fosun Pharmaceutical H	Health Care	China		1.8
33	Halliburton	Oil & Gas	United States		1.7
34	Mitsubishi	Industrials	Japan		1.7
35	CK Hutchison	Industrials	Hong Kong		1.7
36	Nomura	Financials	Japan		1.6
37	PostNL	Industrials	Netherlands		1.5
38	Apache	Oil & Gas	United States		1.4
39	DNB	Financials	Norway		1.2
40	BNP Paribas	Financials	France		1.0

	Total equity investments			89.4
	Cash and other net assets			10.6

	Net assets			100.0

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

GEOGRAPHICAL DISTRIBUTION

31 January 2019	% of Net Assets

Europe	34.0
Japan	16.6
Asia Pacific	16.2
United Kingdom	10.3
United States	10.0
Other	2.3
Cash and other net assets	10.6
	100.0

SECTOR DISTRIBUTION

31 January 2019	% of Net Assets
Financials	22.7
Health Care	16.3
Oil & Gas	12.9
Telecommunications	12.0
Industrials	9.5
Consumer Services	7.3
Technology	4.7
Consumer Goods	4.0
Cash and other net assets	10.6
	100.0