Portfolio update - May 2008
Monthly Portfolio Update
Capital Gearing Trust p.l.c announces that as at 30 May 2008 it had
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
Utilico Finance LTD Zero Div Pref 2012 2.49%
London & St Lawrence Investment Company 1.52%
Utilico Ltd 0.62%
Utilico Finance LTD Zero Div Pref 2016 0.61%
Advance Developing Markets Trust 0.52%
Eclectic Investment Trust 0.34%
Total 6.10%
Capital Gearing Trust p.l.c also announces that as at 30 May 2008 the
ten largest investments were as follows:
Name Percentage of portfolio
Sweden (Kingdom of) 3.5% Bonds 2028 6.42%
Switzerland (Govt of) 2% Bonds 2014 5.12%
France (Govt of) 5.5% OAT 2029 4.33%
Treasury 2.5% Index Linked 2013 4.19%
Life Offices Opportunities Trust 4.15%
Switzerland (Govt of) 3.0% Bonds 2018 4.06%
Germany (Fed Rep) 4.75% Bunds 04/07/28 3.99%
Canada (Govt. of) 4% Index Linked 2031 3.13%
Germany (Fed Rep) 4.0% Bunds 2009 2.68%
Utilico Finance LTD Zero Div Pref 2012 2.49%
Total 40.55%
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
Keith Hawkins/Tracey Lago, TMF Corporate Secretarial Services Limited
Email: company.secretary@capitalgearingtrust.com
Date: 2 June 2008
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