EP Global Opportunities Trust : Portfolio Holdings-31 December 2018

EP GLOBAL OPPORTUNITIES TRUST PLC PORTFOLIO HOLDINGS AS AT 31 DECEMBER 2018

% of

Rank	Company	Sector	Country	Net Assets
1	Roche *	Health Care	Switzerland	4.0
2	AstraZeneca	Health Care	United Kingdom	3.3
3	Novartis	Health Care	Switzerland	3.0
4	Verizon	Telecommunications	United States	2.8
5	China Mobile	Telecommunications	China	2.7
6	Sanofi	Health Care	France	2.7
7	Vodafone	Telecommunications	United Kingdom	2.6
8	Royal Dutch Shell A	Oil & Gas	Netherlands	2.6
9	Nokia	Technology	Finland	2.6
10	Swire Pacific A	Industrials	Hong Kong	2.5
11	Sumitomo Mitsui Trust	Financials	Japan	2.5
12	Singapore Telecommunications	Telecommunications	Singapore	2.5
13	Total	Oil & Gas	France	2.4
14	Bangkok Bank **	Financials	Thailand	2.4
15	East Japan Railway	Consumer Services	Japan	2.4
16	Sumitomo Mitsui Financial	Financials	Japan	2.4
17	Galaxy Entertainment	Consumer Services	Hong Kong	2.4
18	ENI	Oil & Gas	Italy	2.4
19	Edinburgh Partners Emerging	Financials	Other	2.3
Opportunities Fund
20	BP	Oil & Gas	United Kingdom	2.3
21	ING	Financials	Netherlands	2.2
22	Tesco	Consumer Services	United Kingdom	2.2
23	Telefonica	Telecommunications	Spain	2.1
24	Panasonic	Consumer Goods	Japan	2.1
25	Ahold Delhaize	Consumer Services	Netherlands	2.1
26	Japan Tobacco	Consumer Goods	Japan	2.0
27	Bank Mandiri	Financials	Indonesia	1.9
28	Synchrony Financial	Financials	United States	1.9
29	Cirrus Logic	Technology	United States	1.9
30	Alps Electric	Industrials	Japan	1.9
31	Shanghai Fosun Pharmaceutical H	Health Care	China	1.8
32	DNB	Financials	Norway	1.7
33	Commerzbank	Financials	Germany	1.7
34	CK Hutchison	Industrials	Hong Kong	1.7
35	Mitsubishi	Industrials	Japan	1.7
36	Nomura	Financials	Japan	1.6
37	Halliburton	Oil & Gas	United States	1.5
38	PostNL	Industrials	Netherlands	1.4
39	Bayer	Health Care	Germany	1.4
40	Apache	Oil & Gas	United States	1.2
Total equity investments	88.8
Cash and other net assets	11.2
Net assets	100.0

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

GEOGRAPHICAL DISTRIBUTION

31 December 2018	% of Net Assets
Europe	32.3
Asia Pacific	17.9
Japan	16.6
United Kingdom	10.4
United States	9.3
Other	2.3
Cash and other net assets	11.2
100.0
SECTOR DISTRIBUTION
31 December 2018	% of Net Assets
Financials	20.6
Health Care	16.2
Telecommunications	12.7
Oil & Gas	12.4
Industrials	9.2
Consumer Services	9.1
Technology	4.5
Consumer Goods	4.1
Cash and other net assets	11.2
100.0

As at 31 December 2018, the net assets of the Company were £131,788,000.

17 January 2019

Legal Entity Identifier: 2138005T5CT5ITZ7ZX58

ENQUIRIES:

Kenneth Greig

Edinburgh Partners AIFM Limited Tel: [phone]

The Company's registered office address is:

27-31 Melville Street

Edinburgh

EH3 7JF