Portfolio Update

Premier Energy and Water Trust PLC announce that at close of business on 30 June 2017 its twenty largest investments were as follows:           

Company	% of total net assets
OPG Power Ventures	6.0%
SSE PLC	5.6%
Beijing Enterprises Holdings	5.1%
Cia de Saneamento do Para	5.0%
First Trust MLP and Energy Income Fund	4.8%
China Everbright Intl.	4.7%
Huaneng Renewables	4.5%
Avangrid	4.0%
Pennon Group	3.9%
Saeta Yield	2.7%
Transelectrica	2.7%
Qatar Electricity & Water Co.	2.4%
Keppel Infrastructure Trust	2.4%
Edison International	2.4%
Iberdrola	2.4%
Transgaz	2.3%
Nextera Energy	2.2%
Engie	2.2%
Cia Paranaense Energia ADR	2.2%
NRG Yield A & C Ords & 3.25% Bond*	2.2%

* Holding in both bond and equity

At close of business on 30 June 2017 the total net assets of Premier Energy and Water Trust PLC amounted to £57.2 million. The sector breakdown and geographical allocation were as follows:

Sector Breakdown	% of total net assets
Electricity	31.5%
Multi Utilities	23.7%
Renewable Energy	13.9%
Water & Waste	15.5%
Gas	11.8%
Toll roads	0.8%
Cash/Net Current Assets	2.8%
	100.0%

Geographical Allocation	% of total net assets
North America	22.8%
China	17.9%
Latin America	10.4%
United Kingdom	10.1%
Global	4.0%
India	8.0%
Europe (excluding UK)	12.0%
Eastern Europe	5.0%
Asia (excluding China)	4.6%
Middle East	2.4%
Cash/Net Current Assets	2.8%
	100.0%