Portfolio Holdings as at 31 January 2020

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 JANUARY 2020

Rank	Company	Sector	Country	% of Net Assets

1	Roche *	Health Care	Switzerland		4.1
2	Novartis	Health Care	Switzerland		3.3
3	AstraZeneca	Health Care	United Kingdom		3.3
4	Vodafone	Communication Services	United Kingdom		3.2
5	Sony	Consumer Discretionary	Japan		3.0
6	Sanofi	Health Care	France		3.0
7	Verizon Communications	Communication Services	United States		2.9
8	Tesco	Consumer Staples	United Kingdom		2.9
9	Singapore Telecommunications	Communication Services	Singapore		2.8
10	Sumitomo Mitsui Trust	Financials	Japan		2.6
11	Sumitomo Mitsui Financial	Financials	Japan		2.6
12	Astellas Pharma	Health Care	Japan		2.5
13	Galaxy Entertainment	Consumer Discretionary	Hong Kong		2.5
14	Orange	Communication Services	France		2.4
15	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.4
16	ING	Financials	Netherlands		2.4
17	East Japan Railway	Industrials	Japan		2.4
18	BNP Paribas	Financials	France		2.4
19	Samsung SDI	Information Technology	South Korea		2.4
20	Panasonic	Consumer Discretionary	Japan		2.4
21	Royal Dutch Shell A	Energy	Netherlands		2.3
22	China Mobile	Communication Services	China		2.3
23	Fresenius Medical Care	Health Care	Germany		2.2
24	Total	Energy	France		2.2
25	Bayer	Health Care	Germany		2.2
26	BP	Energy	United Kingdom		2.2
27	Swire Pacific A	Real Estate	Hong Kong		2.1
28	ENI	Energy	Italy		2.1
29	Comsys	Industrials	Japan		2.1
30	Nokia	Information Technology	Finland		2.0
31	Commerzbank	Financials	Germany		2.0
32	BBVA	Financials	Spain		1.8
33	Bangkok Bank **	Financials	Thailand		1.8
34	Japan Tobacco	Consumer Staples	Japan		1.7
35	Telefonica	Communication Services	Spain		1.7
36	Shanghai Fosun Pharmaceutical H	Health Care	China		1.6
37	CK Hutchison	Industrials	Hong Kong		1.6

	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 2020	% of Net Assets

Europe	36.1
Japan	19.3
Asia Pacific	17.1
United Kingdom	11.6
United States	2.9
Other	2.4
Cash and other net assets	10.6
	100.0

SECTOR DISTRIBUTION

31 January 2020	% of Net Assets
Health Care	22.3
Financials	17.9
Communication Services	15.4
Energy	8.9
Consumer Discretionary	7.9
Industrials	6.0
Consumer Staples	4.6
Information Technology	4.3
Real Estate	2.1
Cash and other net assets	10.6
	100.0