Witan Investment Trust PLC — Fund Information / Factsheet 2016

Apr 4, 2016

WITAN INVESTMENT TRUST PLC PORTFOLIO LISTING AS AT 31.12.2015

SECURITY	% OF TOTAL
SVG CAP ORD GBP1	INVESTMENT 1.61
COMCAST CORP A USD1	1.60
LONDON STK EXCHANGE GRP GBP0.06918605	1.48
DIAGEO GBP28.93518	1.45
PRINCESS PRIVATE EQTY HLDGS ORD EUR0.001 UNILEVER EUR0.16	1.40 1.35
APAX GBL ALPHA NPV	1.29
RELX GBP0.144397	1.24
SAGE GRP THE GBP0.01051948	1.20
SCHRODER NON VTG ORD GBP1 BT GRP ORD GBP0.05	1.17 1.14
BLACKROCK WORLD MINING TST ORD GBP0.05	1.05
ALPHABET A USD0.001	1.03
VONOVIA SE NPV	0.92
DAILY MAIL & GENERAL TST (ASHS) GBP0.125 VISA A SHS USD0.0001	0.91 0.91
NB DISTRESSED DEBT ORD NPV	0.90
TIME WARNER CABLE USD0.01	0.86
ROCHE HLDGS AG-GENUSSCHEIN NPV	0.84
JPMORGAN CHASE & CO USD1 EDINBURGH DRAGON TST 3.5% 31/01/18 CNV GBP	0.80 0.79
LLOYDS BANKING GRP GBP0.1	0.79
PEARSON GBP0.25	0.77
HARGREAVES LANSDOWN GBP0.004	0.77
DELTA AIR LINES USD0.0001 CAPITA GRP GBP0.020667	0.76 0.75
ORACLE CORP USD0.01	0.74
AMAZON.COM USD0.01	0.73
RATHBONE BROTHERS GBP0.05	0.72
GLAXOSMITHKLINE ORD GBP0.25	0.70
ABERFORTH GEARED INCOME TST ORD GBP0.01 WALT DISNEY CO USD0.01	0.66 0.64
MICROSOFT CORP USD0.00000625	0.63
NIKE B NPV	0.62
ACCENTURE A USD0.0000225	0.60
BP USD0.25 L BRANDS COM USD0.50	0.59 0.59
TAIWAN SEMICONDUCTOR MANUFACTURING 1 ADS REP 5 ORD TWD10	0.58
IMPERIAL TOBACCO GRP GBP0.1	0.57
BARCLAYS GBP0.25	0.57
BURBERRY GRP ORD GBP0.0005 APPLE NPV	0.57 0.57
ASTRAZENECA ORD USD0.25	0.54
ROYAL DUTCH SHELL A SHS EUR0.07	0.54
AMER EXPRESS COM USD0.20 RECKITT BENCKISER GRP GBP0.1	0.54 0.53
UNITEDHEALTH GRP USD0.01	0.53
QUALCOMM USD0.0001	0.52
GOLDMAN SACHS GRP USD0.01	0.51
WATERS CORP USD0.01 SAFRAN EUR0.20	0.47 0.46
MICRO FOCUS INTL GBP0.10	0.46
INTL CONSOLIDATED AIRLINE EUR0.5	0.46
BAXALTA USD0.01	0.45
JZ CAP PARTNERS 6% 31/03/21 CNV JZCP GBP VODAFONE GRP USD0.2095	0.45 0.43
HOYA CORP NPV	0.42
CVS HEALTH CORP USD0.01	0.41
SHENZHOU INTL GRP HKD0.10	0.40
BAXTER INTL COM USD1 AIRBUS GRP EUR1	0.39 0.39
JAPAN TOBACCO NPV	0.39
FIDESSA GRP ORD GBP0.1	0.38
VARIAN MEDICAL SYSTEMS USD1	0.38
SUNTORY BEVERAGE & FOOD NPV SES FDR EACH REP 1 A NPV	0.38 0.37
LG CHEM KRW5000 PREF	0.37
WELLS FARGO & CO USD1.666	0.35
SUMITOMO MITSUI FINANCIAL GRP NPV	0.34
RIO TINTO ORD GBP0.1	0.34
ITOCHU CORP NPV NTT DOCOMO NPV	0.34 0.34
UBS GRP CHF0.10	0.34
COMPUTACENTER ORD GBP0.075555	0.34
BRIDGESTONE CORP NPV	0.34
BRITISH AMER TOBACCO GBP0.25 EUROMONEY INSTL INVESTOR GBP0.0025	0.33 0.33
WPP GBP0.10	0.33
HAYS GBP0.01	0.32

SECURITY	% OF TOTAL
SMITH & NEPHEW ORD USD0.2	INVESTMENT 0.32
MITIE GRP ORD GBP0.025	0.32
SIRONA DENTAL SYSTEMS USD0.01	0.32
GREENE KING GBP0.125	0.31
EDENRED EUR2 ROLLS ROYCE HLDGS GBP0.2	0.31 0.31
TOTAL EUR2.5	0.31
KAO CORP NPV	0.31
BAE SYSTEMS ORD GBP0.025	0.30
INFORMA GBP0.001	0.30
SONIC HEALTHCARE NPV MINTH GRP HKD0.1	0.30 0.29
NOVARTIS REG CHF0.50	0.29
TRAVIS PERKINS GBP0.1	0.28
HONDA MOTOR CO NPV	0.28
COCHLEAR NPV	0.28
ITV GBP0.1 PACE GBP0.05	0.28 0.27
ROYAL BANK OF SCOTLAND GRP GBP1	0.27
TUI DI NPV	0.27
JOHNSON & JOHNSON USD1	0.26
BERENDSEN GBP0.3	0.26
IG GRP HLDGS GBP0.00005 KT&G CORP KRW5000	0.26 0.26
COBHAM GBP0.025	0.26
E2V TECHNOLOGIES GBP0.05	0.26
CHINA CONSTRUCTION BANK H CNY1	0.26
AIA GRP NPV	0.26
SMITHS GRP GBP0.375 STAGECOACH GRP ORD GBP0.0054824	0.26 0.25
ABERDEEN ASIAN SMALLER COS 3.5% 31/05/19 CNV AAS GBP	0.25
EXPRESS SCRIPTS HLDGS CO USD0.01	0.25
MELROSE INDST GBP0.01	0.25
RSA INSURANCE GRP GBP0.01	0.25
CHUNGHWA TELECOM ADR REP 10 ORD TWD10	0.25
SPECTRIS GRP ORD GBP0.05 BGF RETAIL CO KRW5000	0.25 0.25
HALLIBURTON CO USD2.5	0.24
TATE & LYLE GBP0.25	0.24
IMI GBP0.2857	0.24
WESTFIELD CORP NPV STAPLED UNITS	0.24
COMPASS GRP GBP0.10625 YOUNG & COS BREWERY A ORD GBP0.125	0.24 0.24
GUANGDONG INVEST NPV	0.24
FIRSTGROUP GBP0.05	0.23
THERMO FISHER SCIENTIFIC USD1	0.23
MILLICOM INTL CELLULAR 1 SDR REP 1 USD1.5 XCHANGING GBP0.05	0.23 0.23
CHINA MOBILE 1 ADR REP 5 ORD HKD0.1	0.23
PIGEON CORP NPV	0.22
TOYO SUISAN KAISHA JPY NPV	0.22
QINETIQ GRP GBP0.01	0.22
TELEKOMUNIKASI IND ADR EA REP 200 SER B IDR 250 NESTLE REG CHF0.1	0.22 0.22
CISCO SYSTEMS USD0.001	0.22
ULTRA ELECTRONIC HLDGS ORD GBP0.05	0.22
KELLOGG CO USD0.25	0.22
RANK GRP GBP0.1388889	0.22
OMNICOM GRP COM USD0.15 HONEYWELL INTL USD1	0.21 0.21
MICHAEL PAGE INTL GBP0.01	0.21
AENA EUR10	0.21
FUJITSU NPV	0.20
MITCHELLS & BUTLERS GBP0.0854167	0.20
KONINKLIJKE KPN EUR0.04 SCHNEIDER ELECTRIC EUR4	0.20 0.19
CITIGROUP USD0.01	0.19
VESTAS WIND SYSTEMS DKK1	0.19
THAI BEVERAGE THB1	0.19
CHINA MOBILE NPV	0.19
HEINEKEN EUR1.6 SKYLARK CO NPV	0.19 0.19
HSBC HLDGS USD0.5	0.19
SHANGHAI LUJIAZUI FIN & TRAD-B CNY1	0.19
FAR EAST HORIZON NPV	0.18
MEARS GRP ORD GBP0.01	0.18
LINKEDIN CORP COM USD0.0001	0.18
VOLKSWAGEN PFD NPV DEUTSCHE BOERSE NPV (REG)	0.18 0.18
BANK OF AMER CORP USD0.01	0.18
WAL-MART STORES USD0.1	0.18

SECURITY	% OF TOTAL INVESTMENT
LEGRAND EUR4	0.18
BAYER REG NPV	0.18
AMER INTL GRP USD2.5 YUEXIU TRANSPORT INFRASTRUCTURE HKD0.10	0.18 0.18
JULIUS BAER GRP CHF0.02	0.17
L OCCITANE INTL EUR0.03	0.17
UNITED BUSINESS MEDIA GBP0.1 SAMPO OYJ A SHS NPV	0.17 0.17
COLOPLAST B DKK1	0.17
STATE STREET CORP USD1	0.17
CHINA POWER INTL NPV	0.17
LAWSON NPV FRANKLIN RESOURCES USD0.1	0.17 0.17
ENI NPV	0.17
NEWS CORP-CLASS A USD0.01	0.16
SDL ORD GBP0.01 RIGHTMOVE GBP0.01	0.16 0.16
INTEL CORP USD0.001	0.16
AVNET COM USD1	0.16
CENTRICA GBP0.061728	0.16
TESCO ORD GBP0.05 RM GBP0.022857	0.16 0.16
CLARKSON GBP0.25	0.16
ST SHINE OPTICAL TWD10	0.16
CIE FINANCIERE RICHEMON-REG CHF1 AKZO NOBEL EUR2	0.16 0.15
BANK OF NEW YORK MELLON CORP USD0.01	0.15
3I GRP GBP0.738636	0.15
HKBN HKD0.0001 MEDTRONIC USD0.1	0.15 0.15
INTERPUBLIC GRP COS USD0.1	0.15
SINGAPORE TECH ENGINEERING NPV	0.15
SAMSUNG ELECTRONICS CO KRW5000	0.15
PHOENIX GRP HLDGS GBP0.0001 HM SAMPOERNA TBK IDR100	0.15 0.15
DANONE EUR0.25	0.14
WM MORRISON SUPERMARKETS ORD GBP0.1	0.14
KONINKLIJKE PHILIPS EUR0.20	0.14
ASSA ABLOY SER'B'NPV (POST SPLIT) HEADLAM GRP ORD GBP0.05	0.14 0.14
STAPLES USD0.0006	0.14
CAFE DE CORAL HLDGS HKD0.1	0.14
FUYAO GLASS INDUSTRY GRP H CNY1 LVMH MOET HENNESSY LOUIS VUI EUR0.3	0.14 0.14
BG GRP ORD GBP0.1	0.14
EXXON MOBIL CORP NPV	0.14
BREVILLE GRP NPV CANADIAN NATL RAILWAY CO NPV	0.14 0.14
SVENSKA CELLULOSA B SHS NPV	0.14
CREDIT SUISSE GRP REG CHF0.04	0.14
LUXOTTICA GRP EUR0.06	0.14
CONVIVIALITY GBP0.0002 GLOBE TELECOM PHP50	0.14 0.14
3M CO USD.01	0.13
FRESENIUS MEDICAL CARE & NPV	0.13
ADECCO CHF1 (REG) MORGAN ADVANCED MATERIALS GBP0.25	0.13 0.13
CARLSBERG B DKK20	0.13
BALFOUR BEATTY GBP0.5	0.13
ZIMMER BIOMET HLDGS USD0.01	0.13
JIANGSU EXPRESSWAY H CNY1 SYNTHOMER GBP0.10	0.13 0.13
REDCENTRIC GBP0.001	0.13
TELECOM ITALIA EUR0.55	0.13
STANDARD CHARTERED USD0.5 STRYKER CORP USD0.1	0.13 0.13
ST JUDE MEDICAL USD0.1	0.13
HEWLETT PACKARD ENTERPRIS WI USD0.01	0.12
PERNOD-RICARD EUR1.55	0.12
SCOR SE EUR7.876972 UNITED PARCEL SERV B USD0.01	0.12 0.12
HOPEWELL HLDGS NPV	0.12
BRITISH LAND CO ORD GBP0.25	0.12
ANRITSU CORP NPV UNITED TECHNOLOGIES CORP USD1	0.12 0.12
INMARSAT EUR0.0005	0.12
SKY NETWORK TELEVISION NPV	0.12
UNITED TRACTORS IDR250	0.12
INTERTEK GRP GBP0.01 ANHEUSER-BUSCH INBEV NPV	0.12 0.12
CHINA MACHINERY ENGINEERING H CNY1	0.12

SECURITY	% OF TOTAL INVESTMENT
CREDIT AGRICOLE EUR3	0.11
LINDE NPV PARKER HANNIFIN CORP USD0.5	0.11 0.11
BUNZL GBP0.3214286	0.11
ENEL EUR1	0.11
CAPE ORD GBP0.25 HOME RETAIL GRP GBP0.1	0.11 0.11
GREATVIEW ASEPTIC PACKAGING HKD0.01	0.11
SIEMENS AG-REG NPV	0.11
COLGATE-PALMOLIVE CO USD1	0.11
ING GROEP CVA EUR0.24 SKY GBP0.5	0.11 0.11
G4S GBP0.25	0.11
GEBERIT (REG) CHF0.1	0.11
VERIZON COMMUNICATIONS USD0.1 CAPITALAND RETAIL CHINA TST NPV	0.11 0.11
NOVO-NORDISK B DKK0.2	0.11
PROVIDENT FINANCIAL GBP0.2072727	0.11
HON HAI PRECISION GDR (REP 2 SHS TWD10) REGS ABBOTT LABORATORIES NPV	0.11 0.10
PNC FINANCIAL SERV GRP USD5	0.10
CONTINENTAL ORD EUR NPV	0.10
SPIRENT COMMUNICATIONS GBP0.03333 LUDGATE ENVIRONMENTAL FUND ORD NPV	0.10 0.10
CIGNA CORP USD0.25	0.10
SAGA NPV	0.10
IBSTOCK GBP1 MTN GRP ZAR0.0001	0.10 0.10
PROCTER & GAMBLE CO USD1	0.10
HP USD0.01	0.10
METLIFE USD0.01	0.09
SVENSKA HANDELSBKN A SHS NPV SPOTLESS GRP HLDGS NPV	0.09 0.09
ELECTROCOMPONENTS GBP0.1	0.09
FDM GRP HLDGS GBP0.01	0.09
BANK OF IRELAND EUR0.05 DOVER CORP USD1	0.09 0.09
MERLIN ENTERTAINMENTS GBP0.01	0.09
DEUTSCHE TELEKOM NPV (REG)	0.08
BASF NPV GAZPROM PJSC SPON ADR EA REP 2 ORD SHS	0.08 0.08
WILLIS GRP HLDGS USD0.000115	0.08
PROGRESSIVE CORP USD1	0.08
BAYERISCHE MOTOREN WERKE EUR1 BETFAIR GRP GBP0.00095	0.08 0.08
MORGAN STANLEY USD0.01	0.08
SONOVA HLDGS AG-REG CHF0.05	0.08
XL GRP USD0.01 PFIZER USD0.05	0.08 0.08
AVEVA GRP GBP0.03556	0.08
SERCOMM CORP TWD10	0.08
ASCENDAS INDIA TST NPV BNP PARIBAS EUR2	0.08 0.08
FENNER GBP0.25	0.08
TOYOTA MOTOR CORP NPV	0.08
DEVRO INTL ORD GBP0.1	0.08
UNICREDIT NPV MONSANTO CO USD0.01	0.08 0.07
HANA FINANCIAL HLDGS ORD KRW	0.07
SCHLUMBERGER USD0.01	0.07
MERCK KGAA NPV PRAXAIR USD0.01	0.07 0.07
CIA SANEAMENTO MINAS GERAIS BRL NPV	0.07
AUTOZONE USD0.01	0.07
DE LA RUE GBP0.4486857 INTL FLAVORS & FRAGRANCES USD0.125	0.07 0.07
DEXERIALS CORP NPV	0.07
SUPER GRP NPV SGD	0.07
ARA ASSET MGMT NPV BRENNTAG NPV	0.07 0.07
DCC EUR0.25	0.07
EXPERIAN USD0.1	0.07
DELPHI AUTOMOTIVE USD0.01	0.07
HAITIAN INTL HLDGS HKD0.10 DANSKE BANK DKK10	0.06 0.06
ZURICH INSURANCE GRP CHF0.1	0.06
VITEC GRP GBP0.2	0.06
POSCO KRW5000 TOTAL ACCESS COMMUNICATION THB2 (NVDR)	0.06 0.06
COOPER COS COM USD0.10	0.06
WILLIAM DEMANT HLDGS DKK1	0.06

SECURITY	% OF TOTAL
NATL BANK OF CANADA COM NPV	INVESTMENT 0.06
PADDY POWER EUR0.09	0.06
CARNIVAL USD1.66	0.06
KDDI CORP JPY5000	0.06
VALLOUREC EUR2 GRAINGER (WW) COM USD0.5	0.06 0.06
MTU AERO ENGINES NPV	0.06
ABB REG CHF0.86	0.06
AHOLD(KON) EUR0.01	0.06
RENOLD ORD GBP0.05	0.06
MICROCHIP TECHNOLOGY USD0.001 SALLY BEAUTY CO USD0.01	0.06 0.06
AMPHENOL CORP A USD0.001	0.06
ROTORK ORD GBP0.005	0.06
FERRARI EUR0.01	0.06
DENTSPLY INTL USD0.01 DIALIGHT GRP GBP0.0189	0.06 0.06
GN STORE NORD DKK4	0.06
ELECTRA PRIVATE EQTY INVST ZERO DIV PREF SHS GBP0.0001	0.06
SPEEDY HIRE ORD GBP0.05	0.05
DBS GRP HLDGS NPV TR PROPERTY INVST TST ORD GBP0.25	0.05 0.05
SSP GRP GBP0.01	0.05
KBC GROEP NPV	0.05
CME GRP COM USD0.01 CLS A	0.05
ICAP GBP0.1 CNH INDUSTRIAL EUR0.01	0.05 0.05
ADMIRAL GRP GBP0.001	0.05
AXA EUR2.29	0.05
PHILIP MORRIS INTL NPV	0.05
VISCOFAN EUR0.70 NATL OILWELL VARCO USD0.01	0.05 0.05
AVIVA ORD GBP0.25	0.05
CEZ CZK100	0.05
STK SPIRITS GRP GBP0.10	0.05
EUROFINS SCIENTIFIC EUR0.1	0.05
WH SMITH GBP0.2209 HOMESERVE ORD GBP0.0269230769	0.05 0.05
REXAM GBP0.8035714	0.05
UNITED OVERSEAS BANK NPV	0.05
MONEYSUPERMARKET.COM ORD GBP0.0002	0.05
KONINKLIJKE BOSKALIS WESTMINSTER EUR0.8 INDRA SISTEMAS EUR0.2	0.05 0.04
GROUPE EUROTUNNEL SE REGR EUR0.4	0.04
URBAN OUTFITTERS USD0.0001	0.04
INTL BUSINESS MACHINES CORP USD0.2	0.04
ERICSSON SER B NPV SCHIBSTED A NOK0.5	0.04 0.04
UNION PACIFIC CORP USD2.5	0.04
XP POWER GBP0.01	0.04
CHECK POINT SOFTWARE TECH USD0.01	0.04
THOMAS COOK GRP EUR0.01 PAYPAL HLDGS W/I USD0.0001	0.04 0.04
AXEL SPRINGER EUR1	0.04
EBAY USD0.001	0.04
CABLE & WIRELESS COMMUNICATIONS USD0.05	0.04
GENERAL ELEC CAP CORP USD0.06 CNP ASSURANCES EUR1	0.04 0.04
AIR LIQUIDE EUR5.5	0.04
ERSTE GRP BANK NPV	0.04
WORLEYPARSONS NPV	0.04
SERCO GRP GBP0.02 SWISS RE CHF 0.10	0.04 0.04
MICHELIN (CGDE) EUR2	0.03
LOGITECH INTL CHF0.25 (REG)	0.03
AMBEV NPV	0.03
AIR FRANCE-KLM EUR1	0.03
CTS EVENTIM CO NPV WIENERBERGER NPV	0.03 0.03
SAIPEM EUR1	0.03
GRUPO FINANCIERO BANORTE-O NPV	0.03
INTL PERSONAL FINANCE GBP0.1	0.03
SYMRISE NPV INPEX CORP NPV	0.03 0.03
PETS AT HOME GRP GBP0.01	0.03
WHITBREAD GBP0.7679385	0.03
JUST EAT GBP0.01	0.03
STATOIL NOK2.5 ACERINOX EUR0.25	0.03 0.03
WILLIAM HILL GBP0.1	0.03
NORDEA BANK ORD NPV	0.03

SECURITY	% OF TOTAL
E.ON NPV	INVESTMENT 0.03
THALES EUR3	0.03
JOHNSTON PRESS GBP0.01	0.03
JUPITER FUND MGMT ORD GBP0.02	0.02
GBL BRANDS GRP HLDGS NPV BHP BILLITON USD0.5	0.02 0.02
MEDIASET ESPANA COMUNICACION EUR0.5	0.02
SANOFI EUR2	0.02
IRISH CONTINENTAL GRP EUR0.065	0.02
STANLEY GIBBONS GRP ORD GBP0.01 CENOVUS ENERGY COM NPV CAD	0.02 0.02
WARTSILA NPV	0.02
TUI NPV	0.02
ITAU UNIBANCO HLDGS 1 ADR REP 1 PREF NPV	0.02
MCDONALDS CORP USD0.01	0.02
SWEDISH MATCH NPV SANDVIK NPV	0.02 0.02
MODERN TIMES GRP-B SHS NPV	0.02
GLENCORE USD0.01	0.02
DNB NOK10	0.02
HARGREAVES SERV GBP0.1 OESTERREICHISCHE POST NPV	0.02 0.02
ROCKWELL AUTOMATION USD1	0.02
M&G HIGH INCOME INVST TST ZERO DIV PREF SHS 1P	0.02
INCHCAPE GBP0.1	0.02
BARRATT DEVELOPMENTS GBP0.1 KASIKORNBANK THB10 (ALIEN MKT)	0.02 0.02
INTESA SANPAOLO EUR0.52	0.02
PICTON ZDP GBP0.0001	0.02
NEOPOST EUR1	0.02
KOMERCNI BANKA CZK500 FIELMANN NPV	0.02 0.02
VIACOM B USD0.001	0.02
SANDS CHINA COM USD0.01	0.01
HERMES INTL NPV	0.01
ZODIAC AEROSPACE NPV	0.01
ASML HLDGS EUR0.09 (POST SPLIT) TOPDANMARK DKK1	0.01 0.01
HANNOVER RUECK NPV	0.01
ANDRITZ EUR NPV	0.01
ISS DKK1	0.01
NB PRIVATE EQTY PARTNERS ZERO DIV PREF SHS NPV METSO NPV	0.01 0.01
CREDICORP COM USD5	0.01
WYNN RESORTS USD0.01	0.01
VICAT EUR4.00	0.01
HARLEY-DAVIDSON USD0.01 RANDSTAD HLDGS EUR0.1	0.01 0.01
AMEC FOSTER WHEELER GBP0.5	0.01
USINAS SID MINAS GERAIS USIMINAS PREF A NPV	0.01
ADIDAS NPV	0.01
ARCELORMITTAL NPV GEA GRP NPV	0.01 0.01
GERRESHEIMER NPV (BR)	0.01
JC DECAUX NPV	0.01
ST.JAMES'S PLACE ORD GBP0.15	0.01
HELVETIA HLDGS CHF0.10	0.01
DAVIDE CAMPARI EUR0.10 NATL EXPRESS GRP ORD GBP0.05	0.01 0.01
CLOSE BROTHERS GRP GBP0.25	0.01
CRH ORD EUR0.32	0.01
NOW DE USD0.01	0.01
AMER SPORTS OYJ NPV TECHNIP EUR0.7625	0.01 0.01
GVC HLDGS EUR0.01	0.01
MILLENNIUM & COPTHORNE HOTEL GBP0.3	0.01
NORTHGATE ORD GBP0.5	0.01
IMERYS EUR2 PETROFAC USD0.02	0.01 0.01
ELIS -W/I EUR0.5*	0.00
NON-STANDARD FINANCE NPV*	0.00
BANCO SANTANDER EUR0.5 (REG)*	0.00
ORIFLAME HLDGS CHF1.5*	0.00
ZIOPHARM ONCOLOGY WTS USD EXP 30/11/11 (PIPE APRIL 06) IRISH CONTINENTAL GRP EUR0.065	0.00 0.00
GIVAUDAN CHF10 (SUB RIGHTS 29/06/09) (DUMMY)*	0.00
CARILLION GBP0.5*	0.00
LANCER OFFSHORE ORD SHS*	0.00
OPEN-ENDED FUNDS TRILOGY INVST FUNDS EMERGING MKTS E GBP	2.76
ISHARES TST MSCI ACWI ETF	1.02

SECURITY	% OF TOTAL
	INVESTMENT
POLAR CAP FUND GBL INSURANCE E DIS	0.21
TOTAL	100

*Constitutes less than 0.005% of total investment

Witan Investment Services, 14 Queen Anne's Gate, London SW1H 9AA. This document may not be reproduced in any form without the express permission of Witan Investment Services Limited and to the extent that it is passed on care must be taken to ensure that this reproduction is in a form which accurately reflects the information presented here. Whilst Witan Investment Services Limited believe that the information is correct at the date of production, no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions in this document by any of Witan Investment Services Limited or their respective directors and no responsibility or liability is accepted by such persons for the accuracy or completeness of any such information or opinions or for any action taken on the basis of the contents of this document. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness.