Portfolio Holdings as at 31 March 2019

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MARCH 2019

Rank	Company	Sector	Country	% of Net Assets

1	Roche *	Health Care	Switzerland		4.2
2	AstraZeneca	Health Care	United Kingdom		3.3
3	Novartis	Health Care	Switzerland		3.2
4	Swire Pacific A	Industrials	Hong Kong		2.9
5	Verizon	Telecommunications	United States		2.8
6	China Mobile	Telecommunications	China		2.7
7	Orange	Telecommunications	France		2.6
8	Royal Dutch Shell A	Oil & Gas	Netherlands		2.6
9	Sanofi	Health Care	France		2.6
10	Tesco	Consumer Services	United Kingdom		2.5
11	ING	Financials	Netherlands		2.5
12	ENI	Oil & Gas	Italy		2.5
13	BP	Oil & Gas	United Kingdom		2.5
14	Commerzbank	Financials	Germany		2.5
15	East Japan Railway	Consumer Services	Japan		2.4
16	Synchrony Financial	Financials	United States		2.4
17	Total	Oil & Gas	France		2.4
18	Galaxy Entertainment	Consumer Services	Hong Kong		2.4
19	Singapore Telecommunications	Telecommunications	Singapore		2.4
20	Nokia	Technology	Finland		2.4
21	Sumitomo Mitsui Financial	Financials	Japan		2.4
22	Bangkok Bank **	Financials	Thailand		2.4
23	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.3
24	Sumitomo Mitsui Trust	Financials	Japan		2.3
25	Vodafone	Telecommunications	United Kingdom		2.3
26	Cirrus Logic	Technology	United States		2.2
27	Shanghai Fosun Pharmaceutical H	Health Care	China		2.1
28	BNP Paribas	Financials	France		2.0
29	Telefonica	Telecommunications	Spain		2.0
30	BBVA	Financials	Spain		1.9
31	Japan Tobacco	Consumer Goods	Japan		1.9
32	Alps Electric	Industrials	Japan		1.9
33	Panasonic	Consumer Goods	Japan		1.9
34	CK Hutchison	Industrials	Hong Kong		1.7
35	Bayer	Health Care	Germany		1.7
36	Halliburton	Oil & Gas	United States		1.6
37	Apache	Oil & Gas	United States		1.5
38	PostNL	Industrials	Netherlands		1.4
39	Nomura	Financials	Japan		1.4

	Total equity investments			90.7
	Cash and other net assets			9.3

	Net assets			100.0

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

GEOGRAPHICAL DISTRIBUTION

31 March 2019	% of Net Assets

Europe	36.5
Asia Pacific	16.6
Japan	14.2
United Kingdom	10.6
United States	10.5
Other	2.3
Cash and other net assets	9.3
	100.0

SECTOR DISTRIBUTION

31 March 2019	% of Net Assets
Financials	22.1
Health Care	17.1
Telecommunications	14.8
Oil & Gas	13.1
Industrials	7.9
Consumer Services	7.3
Technology	4.6
Consumer Goods	3.8
Cash and other net assets	9.3
	100.0