EP Global Opportunities : Portfolio Holdings as at 31 December 2015

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PORTFOLIO HOLDINGS AS AT 31 DECEMBER 2015

Rank	Company	Sector	Country	% of Net Assets
1	Sumitomo Mitsui Trust	Financials	Japan	3.0
2	Novartis	Health Care	Switzerland	3.0
3	Japan Tobacco	Consumer Goods	Japan	2.9
4	Sumitomo Mitsui Financial	Financials	Japan	2.8
5	Nokia	Technology	Finland	2.8
6	AstraZeneca	Health Care	United Kingdom	2.8
7	East Japan Railway	Consumer Services	Japan	2.7
8	PerkinElmer	Industrials	United States	2.6
9	KDDI	Telecommunications	Japan	2.6
10	Nomura	Financials	Japan	2.6
11	CK Hutchison	Industrials	Hong Kong	2.6
12	NTT	Telecommunications	Japan	2.6
13	Galaxy Entertainment	Consumer Services	Hong Kong	2.6
14	PostNL	Industrials	Netherlands	2.6
15	Swire Pacific A	Industrials	Hong Kong	2.6
16	HSBC	Financials	United Kingdom	2.5
17	Roche *	Health Care	Switzerland	2.5
18	BP	Oil & Gas	United Kingdom	2.5
19	Panasonic	Consumer Goods	Japan	2.5
20	Bayer	Basic Materials	Germany	2.4
21	BG	Oil & Gas	United Kingdom	2.4
22	Apache	Oil & Gas	United States	2.4
23	BNP Paribas	Financials	France	2.4
24	Mitsubishi	Industrials	Japan	2.4
25	Commerzbank	Financials	Germany	2.3
26	Bank Mandiri	Financials	Indonesia	2.3
27	Qualcomm	Technology	United States	2.1
28	Toyota	Consumer Goods	Japan	2.1
29	Bangkok Bank **	Financials	Thailand	2.1
30	Alphabet A&C ***	Technology	United States	2.1
31	SK Hynix	Technology	South Korea	2.0
32	Vodafone	Telecommunications	United Kingdom	2.0
33	Harman	Consumer Goods	United States	2.0
34	Edinburgh Partners Emerging Opportunities Fund	Financials	Other	2.0
35	Whirlpool	Consumer Goods	United States	1.9
36	Royal Dutch Shell A	Oil & Gas	Netherlands	1.8
37	DBS	Financials	Singapore	1.6
38	Edinburgh Partners	Financials - unlisted	United Kingdom	1.2
Total equity investments	90.3
Cash and other net assets	9.7
Net assets	100.0
* The investment is in non-voting shares
** The investment is in non-voting depositary receipts
*** The investment has restricted voting rights

31 December 2015	% of Net assets
Japan	26.2
Europe	19.8
Asia Pacific	15.8
United Kingdom	13.4
United States	13.1
Other	2.0
Cash and other net assets	9.7
100.0

SECTOR DISTRIBUTION

31 December 2015	% of Net Assets
Financials	24.8
Industrials	12.8
Consumer Goods	11.4
Oil & Gas	9.1
Technology	9.0
Health Care	8.3
Telecommunications	7.2
Consumer Services	5.3
Basic Materials	2.4
Cash and other net assets	9.7
100.0

As at 31 December 2015, the net assets of the Company were £118,352,000. 14 January 2016

ENQUIRIES:

Kenneth Greig

Edinburgh Partners AIFM Limited Tel: [phone]

The Company's registered office address is: 27-31 Melville Street

Edinburgh

EH3 7JF