Portfolio Holdings as at 31 May 2020

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 MAY 2020

Rank	Company	Sector	Country		% of Net Assets

1	Samsung SDI	Information Technology	South Korea		3.9
2	Sanofi	Health Care	France		3.5
3	Tesco	Consumer Staples	United Kingdom		3.4
4	Verizon Communications	Communication Services	United States		3.3
5	AstraZeneca	Health Care	United Kingdom		3.2
6	Vodafone	Communication Services	United Kingdom		3.2
7	Sony	Consumer Discretionary	Japan		3.2
8	Roche *	Health Care	Switzerland		3.0
9	Astellas Pharma	Health Care	Japan		2.9
10	Fresenius Medical Care	Health Care	Germany		2.9
11	Novartis	Health Care	Switzerland		2.7
12	ING	Financials	Netherlands		2.5
13	Panasonic	Consumer Discretionary	Japan		2.4
14	Orange	Communication Services	France		2.4
15	Nokia	Information Technology	Finland		2.4
16	Sumitomo Mitsui Trust	Financials	Japan		2.3
17	Edinburgh Partners Emerging Opportunities Fund	Financials	Other		2.3
18	Singapore Telecommunications	Communication Services	Singapore		2.3
19	Comsys	Industrials	Japan		2.3
20	Shanghai Fosun Pharmaceutical H	Health Care	China		2.3
21	China Mobile	Communication Services	China		2.2
22	Japan Tobacco	Consumer Staples	Japan		2.2
23	Bayer	Health Care	Germany		2.2
24	East Japan Railway	Industrials	Japan		2.1
25	Samsung Electronics	Information Technology	South Korea		2.0
26	Total	Energy	France		2.0
27	Daiwa House Industry	Real Estate	Japan		2.0
28	Antofagasta	Materials	United Kingdom		1.9
29	Telefonica	Communication Services	Spain		1.7
30	BP	Energy	United Kingdom		1.6
31	ENI	Energy	Italy		1.6
32	Commerzbank	Financials	Germany		1.6
33	BBVA	Financials	Spain		1.3
34	CK Hutchison	Industrials	Hong Kong		1.2
35	Tokyo Broadcasting System	Communication Services	Japan		0.4

	Total equity investments			82.4
	Cash and other net assets			17.6

	Net assets			100.0


	* The investment is in non-voting shares

GEOGRAPHICAL DISTRIBUTION

31 May 2020	% of Net Assets

Europe ex UK	29.6
Japan	19.8
Asia Pacific ex Japan	14.0
United Kingdom	13.3
Americas	3.3
Other	2.3
Cash and other net assets	17.6
	100.0

SECTOR DISTRIBUTION

31 May 2020	% of Net Assets
Health Care	22.6
Communication Services	15.6
Financials	10.0
Information Technology	8.3
Consumer Discretionary	5.6
Consumer Staples	5.6
Industrials	5.6
Energy	5.2
Real Estate	2.0
Materials	1.9
Cash and other net assets	17.6
	100.0