CAPITAL GEARING TRUST P.L.C. (the 'Company')
Monthly Portfolio Update
Capital Gearing Trust P.l.c. announces that, as at 31 December 2016, 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
Highbridge Multi-Strategy 1.06%
Utilico Finance Ltd Zero Div Pref 2018 1.01%
Phoenix Spree Deutschland 0.69%
Utilico Finance Ltd Zero Div Pref 2020 0.63%
Ecofin Global Utilities and Infrastructure 0.62%
DW Catalyst Fund 0.59%
BH Global 0.41%
Alliance Trust 0.41%
Miton Worldwide Growth Investment Trust 0.30%
Ranger Direct Lending 0.30%
Henderson Alternative Strategies Trust 0.27%
Hansa Trust 'A' (Non-Voting) 0.08%
LMS Capital 0.03%
Dexion Absolute EUR 0.01%
Dexion Absolute USD 0.01%
Total 6.42%
Capital Gearing Trust P.l.c. also announces that, as at 31 December 2016, the
ten largest investments were as follows:
Name Percentage of
portfolio
UK Treasury 0.125% Index-Linked 2019 5.57%
UK Treasury 1.25% Index-Linked 2017 4.61%
North Atlantic Smaller Companies 3.52%
USA Treasury 2.0% Index-Linked 2026 2.89%
UK Treasury 0.125% Index-Linked 2024 2.74%
USA Treasury 0.625% Index-Linked 2021 2.23%
M&G High Income Investment Trust 2.17%
NB Private Equity ZDP 2.15%
UK Treasury Bill 2017 2.02%
USA Treasury 1.75% Index-Linked 2028 1.93%
Total 29.83%
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:
Steven Cowie, Company Secretary
Email: company.secretary@capitalgearingtrust.com