Monthly Portfolio Update
In accordance with Listing Rule 15.6.8 (1), Capital Gearing Trust plc
announces that as at 31 January 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 31.10.2012 2.50%
Advance Developing Markets Trust 1.64%
London & St Lawrence Investment Company Ord 1.35%
Advance UK Trust 0.36%
Eclectic Investment Trust 0.36%
ING Global Real Estate Securities 0.09%
Total 6.30%
Capital Gearing Trust plc also announces that as at 31 January 2008
the ten largest investments were as follows:
Name Percentage of portfolio
Sweden ( Kingdom of ) 3.5% Bonds 01/12/28 6.28%
Switzerland (Govt of) 2% Bonds 2014 5.08%
France (Govt of ) 5.5% OAT 25/04/29 4.43%
Treasury 2.5% Index Linked 2013 4.27%
Switzerland (Govt of ) 3.0% Bonds 2018 4.11%
Life Offices Opportunities Trust 4.09%
Germany ( Fed Rep ) 4.75% Bunds 04/07/28 4.07%
Canada ( Govt. of ) 4% Index-Linked 01/12/31 2.95%
Germany ( Fed Rep ) 4.0% Bunds 04/04/09 2.62%
Utilico Finance LTD Zero Div Pref 31.10.2012 2.50%
Total 40.40%
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
Alice Parker, TMF Corporate Secretarial Services Limited
Email: company.secretary@capitalgearingtrust.com
Date: 4 February 2008
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