Portfolio Holdings as at 31 October 2019

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 OCTOBER 2019

Rank	Company	Sector	Country	% of Net Assets

1	Roche *	Health Care	Switzerland		3.6
2	Vodafone	Communication Services	United Kingdom		3.3
3	AstraZeneca	Health Care	United Kingdom		3.2
4	Novartis	Health Care	Switzerland		3.0
5	Verizon	Communication Services	United States		3.0
6	Sanofi	Health Care	France		2.8
7	Singapore Telecommunications	Communication Services	Singapore		2.7
8	Orange	Communication Services	France		2.7
9	Tesco	Consumer Staples	United Kingdom		2.7
10	Sony	Consumer Discretionary	Japan		2.6
11	Galaxy Entertainment	Consumer Discretionary	Hong Kong		2.6
12	Royal Dutch Shell A	Energy	Netherlands		2.6
13	Sumitomo Mitsui Financial	Financials	Japan		2.5
14	Sumitomo Mitsui Trust	Financials	Japan		2.5
15	ING	Financials	Netherlands		2.5
16	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.5
17	East Japan Railway	Industrials	Japan		2.4
18	Astellas Pharma	Health Care	Japan		2.4
19	Total	Energy	France		2.4
20	BNP Paribas	Financials	France		2.3
21	BP	Energy	United Kingdom		2.3
22	ENI	Energy	Italy		2.3
23	Swire Pacific A	Real Estate	Hong Kong		2.3
24	China Mobile	Communication Services	China		2.2
25	Bangkok Bank **	Financials	Thailand		2.2
26	Fresenius Medical Care	Health Care	Germany		2.2
27	Bayer	Health Care	Germany		2.1
28	Comsys	Industrials	Japan		2.1
29	Commerzbank	Financials	Germany		2.0
30	Samsung SDI	Information Technology	South Korea		2.0
31	Panasonic	Consumer Discretionary	Japan		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	Nokia	Information Technology	Finland		1.6
38	CK Hutchison	Industrials	Hong Kong		1.6
39	Rohm	Information Technology	Japan		0.5
40	Kirin	Consumer Staples	Japan		0.2

	Total equity investments			90.9
	Cash and other net assets			9.1

	Net assets			100.0


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

GEOGRAPHICAL DISTRIBUTION

31 October 2019	% of Net Assets

Europe	35.8
Japan	19.0
Asia Pacific	17.3
United Kingdom	11.5
United States	4.7
Other	2.5
Cash and other net assets	9.1
	100.0

SECTOR DISTRIBUTION

31 October 2019	% of Net Assets
Health Care	21.0
Financials	18.4
Communication Services	15.9
Energy	11.3
Consumer Discretionary	7.1
Industrials	6.1
Consumer Staples	4.7
Information Technology	4.1
Real Estate	2.3
Cash and other net assets	9.1
	100.0