Top Twenty Holdings
Asset Allocation
Geographical Allocation

TOP TWENTY HOLDINGS (%)

AVI Global Trust6.9
Caledonia Investments6.1
JOHCM UK Equity Income Fund4.7
Blackrock World Mining4.3
Merian Gold & Silver Fund4.2
TR European Growth Trust4.1
Aberdeen Standard Asia Focus4.0
TB Amati UK Smaller Companies3.6
AVI Japan Opportunity Trust3.5
Schroder Global Recovery Fund3.4
Man GLG Undervalued Assets Fund3.1
LF Ruffer Equity & General Fund3.0
Fidelity Asian Values2.8
Ecofin Global Utilities and Infra. Trust2.7
Baker Steel Resources Trust2.7
Polar Capital UK Value Opportunities Fund2.5
Mobius Investment Trust2.5
Aberforth Smaller Companies Trust2.5
Henderson EuroTrust2.4
Templeton Emerging Markets Investment Trust2.4
Total

ASSET ALLOCATION (%)

Equities65.5
Alternatives30.5
Fixed Interest2.0
Cash2.1

GEOGRAPHICAL ALLOCATION (%)

International48.0
United Kingdom23.0
Asia Pacific ex Japan9.0
Emerging Markets7.0
Europe ex UK6.0
Japan3.0
America2.0
Cash2.1

Data as at 31 Jan 2020.