REG-European Inv Tst Plc: Portfolio Holdings as at 30 September 2019

Baillie Gifford European Growth TrustAnnouncement

14/10/2019 07:05

THE EUROPEAN INVESTMENT TRUST PLC

PORTFOLIO HOLDINGS AS AT 30 SEPTEMBER 2019

                                                                                                         % of 
 Rank  Company                                Sector                                 Country       Net Assets 
                                                                                                              
 1     Sanofi                                 Health Care                            France               4.4 
 2     Roche *                                Health Care                            Switzerland          3.5 
 3     Deutsche Post                          Industrials                            Germany              3.4 
 4     Royal Dutch Shell **                   Energy                                 Netherlands          3.4 
 5     Telefonica                             Communication Services                 Spain                3.3 
 6     Nokia                                  Information Technology                 Finland              3.2 
 7     Orange                                 Communication Services                 France               3.1 
 8     Adecco                                 Industrials                            Switzerland          3.0 
 9     Gerresheimer                           Health Care                            Germany              2.9 
 10    Stora Enso                             Materials                              Finland              2.9 
 11    Ipsos                                  Communication Services                 France               2.9 
 12    Total                                  Energy                                 France               2.8 
 13    ING                                    Financials                             Netherlands          2.8 
 14    Novartis                               Health Care                            Switzerland          2.8 
 15    ENI                                    Energy                                 Italy                2.8 
 16    Sopra Steria                           Information Technology                 France               2.8 
 17    Michelin                               Consumer Discretionary                 France               2.7 
 18    BNP Paribas                            Financials                             France               2.6 
 19    Cyfrowy Polsat                         Communication Services                 Poland               2.5 
 20    PostNL                                 Industrials                            Netherlands          2.5 
 21    BBVA                                   Financials                             Spain                2.4 
 22    Siemens                                Industrials                            Germany              2.4 
 23    Indra Sistemas                         Information Technology                 Spain                2.4 
 24    ISS                                    Industrials                            Denmark              2.4 
 25    Valeo                                  Consumer Discretionary                 France               2.3 
 26    E.ON                                   Utilities                              Germany              2.3 
 27    Bayer                                  Health Care                            Germany              2.3 
 28    United Internet                        Communication Services                 Germany              2.3 
 29    Ryanair                                Industrials                            Ireland              2.3 
 30    Ahold Delhaize                         Consumer Staples                       Netherlands          2.2 
 31    Rocket Internet                        Consumer Discretionary                 Germany              2.2 
 32    Getinge                                Health Care                            Sweden               2.1 
 33    Glanbia                                Consumer Staples                       Ireland              1.9 
 34    Commerzbank                            Financials                             Germany              1.9 
 35    Outotec                                Industrials                            Finland              1.8 
 36    Ontex                                  Consumer Staples                       Belgium              1.8 
 37    Fresenius Medical Care                 Health Care                            Germany              1.8 
 38    Petroleum Geo-Services                 Energy                                 Norway               0.9 
 39    Leoni                                  Consumer Discretionary                 Germany              0.7 
                                                                                                              
       Total equity investments                                                                          98.7 
       Cash and other net assets                                                                          1.3 
                                                                                                              
       Net assets                                                                                       100.0 
                                                                                                              
       * The investment is in non-voting shares ** The investment is in A shares                              

GEOGRAPHICAL DISTRIBUTION

 30 September 2019           % of Net Assets 
                                             
 France                                 23.5 
 Germany                                22.3 
 Scandinavia                            13.3 
 Benelux                                12.7 
 Southern Europe                        10.9 
 Switzerland                             9.3 
 Ireland                                 4.2 
 Poland                                  2.5 
 Cash and other net assets               1.3 
                                       100.0 

Scandinavia (Denmark, Finland, Norway, Sweden)

Benelux (Belgium, Netherlands)

Southern Europe (Italy, Spain)

SECTOR DISTRIBUTION

 30 September 2019           % of Net Assets 
                                             
 Health Care                            19.7 
 Industrials                            17.8 
 Communication Services                 14.0 
 Energy                                  9.9 
 Financials                              9.7 
 Information Technology                  8.3 
 Consumer Discretionary                  8.0 
 Consumer Staples                        6.0 
 Materials                               2.9 
 Utilities                               2.3 
 Cash and other net assets               1.3 
                                       100.0 

Totals may not add due to rounding

As at 30 September 2019, the net assets of the Company were £373,860,000.

14 October 2019

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: 0131 270 3800

The Company’s registered office address is:
Beaufort House
51 New North Road
Exeter
EX4 4EP



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