Top Twenty Holdings
Asset Allocation
Geographical Allocation

TOP TWENTY HOLDINGS (%)

AVI Global Trust7.5
Caledonia Investments4.6
JOHCM UK Equity Income4.6
Fidelity Asian Values4.1
TR European Growth Trust3.9
Aberforth Smaller Companies Trust3.8
Schroder Global Recovery3.7
Aberdeen Standard Asia Focus3.5
TB Amati UK Smaller Companies3.3
AVI Japan Opportunity Trust3.3
Blackrock World Mining3.2
Merian Gold & Silver3.1
Oakley Capital Investments3.0
Man GLG Undervalued Assets3.0
LF Ruffer Equity & General3.0
Baker Steel Resources Trust3.0
Odyssean Investment Trust3.0
Ecofin Global Utilities and Infra. Trust2.8
Mobius Investment Trust2.7
Templeton Emerging Markets Inv Trust2.7
Total

ASSET ALLOCATION (%)

Equities67.1
Alternatives27.4
Fixed Interest3.7
Cash1.8

GEOGRAPHICAL ALLOCATION (%)

International41.1
United Kingdom21.4
Asia Pacific ex Japan9.4
Emerging Markets7.9
Europe6.9
Europe ex UK6.0
Japan3.3
North America2.3
Cash1.8

Data as at 31 Dec 2020.