Top Twenty Holdings
Sector Allocation
Geographical Allocation

TOP TWENTY HOLDINGS (%)

Legal & General 6.2
Princess Private Equity 4.8
Ecofin Global Utilities and Infra. Trust 4.6
Ediston Property 4.0
Aberdeen Asian Income Fund 3.8
Middlefield Canadian Income 3.8
Blackrock World Mining 3.7
Rio Tinto 3.3
British Land Company 3.1
Shoe Zone 2.9
Aviva 2.8
Pennon Group 2.8
Chesnara 2.7
Henry Boot 2.5
Palace Capital 2.4
BT Group 2.4
Marston's 2.4
U and I Group 2.3
Murray International 2.3
Lloyds Banking Group 2.2
Total

SECTOR ALLOCATION (%)

Equities

UK Small-Cap 4.5
Asia 3.8
North America 3.8
International 2.3

Specialist

Financials 20.8
Consumer Facing 10.4
Construction 7.6
Utilities 7.4
Private Equity 7.2
Mining And Resources 7.0
Telecommunications 3.9

Property

Commercial Property 15.3
Cash & Income 3.6

GEOGRAPHICAL ALLOCATION (%)

United Kingdom 56.6
International 13.3
Europe 10.6
Asia 7.2
America 5.2
Europe ex UK 3.5
Cash 3.6

Data as at 31 Dec 2018.