Portfolio Holdings as at 31 March 2020

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MARCH 2020

Rank	Company	Sector	Country	% of Net Assets

1	Tesco	Consumer Staples	United Kingdom		3.6
2	Sanofi	Health Care	France		3.3
3	Verizon Communications	Communication Services	United States		3.2
4	Sony	Consumer Discretionary	Japan		3.1
5	Roche *	Health Care	Switzerland		2.9
6	Vodafone	Communication Services	United Kingdom		2.8
7	AstraZeneca	Health Care	United Kingdom		2.8
8	Samsung SDI	Information Technology	South Korea		2.8
9	Astellas Pharma	Health Care	Japan		2.7
10	Novartis	Health Care	Switzerland		2.6
11	Orange	Communication Services	France		2.5
12	China Mobile	Communication Services	China		2.5
13	East Japan Railway	Industrials	Japan		2.5
14	Singapore Telecommunications	Communication Services	Singapore		2.5
15	Shanghai Fosun Pharmaceutical H	Health Care	China		2.5
16	Sumitomo Mitsui Trust	Financials	Japan		2.4
17	Fresenius Medical Care	Health Care	Germany		2.3
18	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.3
19	Comsys	Industrials	Japan		2.2
20	Total	Energy	France		2.2
21	Panasonic	Consumer Discretionary	Japan		2.2
22	Japan Tobacco	Consumer Staples	Japan		2.1
23	Nokia	Information Technology	Finland		1.9
24	Bayer	Health Care	Germany		1.9
25	BP	Energy	United Kingdom		1.9
26	Swire Pacific A	Real Estate	Hong Kong		1.9
27	ENI	Energy	Italy		1.9
28	Telefonica	Communication Services	Spain		1.7
29	Commerzbank	Financials	Germany		1.5
30	CK Hutchison	Industrials	Hong Kong		1.4
31	BNP Paribas	Financials	France		1.4
32	ING	Financials	Netherlands		1.4
33	BBVA	Financials	Spain		1.4
34	Royal Dutch Shell A	Energy	Netherlands		1.1
35	Antofagasta	Materials	United Kingdom		0.8
36	Daiwa House Industry	Real Estate	Japan		0.5
37	Tokyo Broadcasting System	Communication Services	Japan		0.4

	Total equity investments			79.1
	Cash and other net assets			20.9

	Net assets			100.0


	* The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

31 March 2020	% of Net Assets

Europe ex UK	30.2
Japan	18.0
Asia Pacific ex Japan	13.5
UK	12.0
Americas	3.2
Other	2.3
Cash and other net assets	20.9
	100.0

SECTOR DISTRIBUTION

31 March 2020	% of Net Assets
Health Care	21.1
Communication Services	15.7
Financials	10.4
Energy	7.0
Industrials	6.1
Consumer Staples	5.7
Consumer Discretionary	5.2
Information Technology	4.7
Real Estate	2.3
Materials	0.8
Cash and other net assets	20.9
	100.0