Portfolio & performance

Top 25 holdings

February 2017

Company Industry Country £'M
Treasury Wine Estates Consumer Staples Australia 45.3
Microsoft Information Technology US 34.6
Rentokil Initial Industrials UK 31.6
Sands China Consumer Discretionary Hong Kong 31.3
GlaxoSmithKline Health Care UK 30.3
Severn Trent Utilities UK 28.4
Tesco Consumer Staples UK 24.9
ING Financials Netherlands 23.7
Suncor Energy Energy Canada 23.1
Standard Chartered Financials UK 22.9
Sumitomo Mitsui Financial Financials Japan 22.8
Marks & Spencer Consumer Discretionary UK 22.2
Royal Dutch Shell Energy UK 22.0
Comcast Consumer Discretionary US 20.7
United Utilities Utilities UK 18.6
SAP Information Technology Germany 18.3
BHP Billiton Materials UK 17.6
Pepsico Consumer Staples US 17.6
Johnson & Johnson Health Care US 17.6
Roche Health Care Switzerland 16.6
Pfizer Health Care US 16.2
Cemex Materials Mexico 16.0
Sony Consumer Discretionary Japan 15.2
BNP Paribas Financials France 15.1
National Oilwell Varco Energy US 14.7

By clicking on any of the links above you will be leaving The Scottish Investment Trust website. The Scottish Investment Trust is not responsible for the content of any linked website.

Past performance is not a reliable indicator of future results. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested. The Scottish Investment Trust has a long-term policy of borrowing money to invest in equities in the expectation that this will improve returns and, should stockmarkets fall, such borrowings would magnify losses on these investments. The company can buy back and cancel its own shares. All other things being equal, this would have the effect of increasing gearing. For planning purposes, an investment in the Scottish Investment Trust should be viewed as a long-term commitment.

All sources the Scottish Investment Trust, unless otherwise stated.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”)