CAPITAL GEARING TRUST P.L.C CAPITAL GEARING TRUST P.L.C. (the 'Company')
LEI: 213800T2PJTPVF1UGW53
Quarterly Portfolio Update
Capital Gearing Trust P.l.c. announces that, as at 5 January 2019, it held the
following investments in other listed closed-ended investment funds, which do
not have a stated investment policy to invest no more than 15% of their total
assets in other listed closed-ended investment funds:
| Name | Percentage of portfolio |
| Pershing Square 5.5% 2022 | 1.50% |
| Residential Secure Income | 1.16% |
| Utilico Finance Ltd Zero Div Pref 2020 | 0.76% |
| P2P Global Investments | 0.58% |
| Acorn Income Fund Zero Div Pref 2022 | 0.54% |
| Ranger Direct Lending Zero Div Pref 2021 | 0.43% |
| Target Healthcare REIT | 0.30% |
| Ecofin Global Utilities and Infrastructure | 0.28% |
| Hansa Trust 'A' (Non-Voting) | 0.05% |
| BBGI SICAV SA | 0.04% |
| Total | 5.64% |
Capital Gearing Trust P.l.c. also announces that, as at 5 January 2019, the ten
largest investments were as follows:
| Name | Percentage of portfolio |
| UK Treasury 0.125% Index-Linked 2019 | 8.06% |
| USA Treasury 2.0% Index-Linked 2026 | 3.32% |
| USA Treasury 0.25% Index-Linked 2025 | 3.28% |
| Vonovia | 2.74% |
| Vanguard FTSE Japan UCITS ETF | 2.39% |
| USA Treasury 3.875% Index-Linked 2029 | 2.17% |
| USA Treasury 2.375% Index-Linked 2025 | 2.15% |
| Deutsche Wohnen | 1.97% |
| North Atlantic Smaller Companies | 1.96% |
| Investor | 1.93% |
| Total | 29.97% |
There were no additional investments with a value greater than 5% of the
Company's portfolio.
It should be noted that the above percentages are calculated using 'bid'
prices.
Enquiries:
PATAC Limited, Company Secretary
Email: company.secretary@capitalgearingtrust.com
