Title: 242660332.pdf URL Source: https://documentscdn.financialexpress.net/Literature/9C510D508C0F949DC1F81AA4E9AB7034/242660332.pdf Number of Pages: 3 Markdown Content: For more information on Devon Equity Management Visit www.europeanopportunities.com # Investment Objective The objective of the company is to invest in securities of European companies and in sectors or geographical areas which are considered by the investment manager to offer good prospects for capital growth, taking into account economic trends and business development. # Company Information Fund Legal Structure Closed Ended Investment Company Net Gearing (%) 4.50% Gross Assets £488.14M Net Assets £458.14M Shares Outstanding 46659442 12 Month Yield 0.21 NAV (Net Asset Value) 981.89p Share Price 944.00p Inception Date 22.11.2000 Fiscal Year End Month May Morningstar Peer Group EAA CE Europe Large-Cap Growth Equity Management Fee 0.65% Annual Report Ongoing Charge 0.98% Discount (Current) -3.86 ISIN GB0000197722 Bloomberg Ticker EOT LN Shareclass European Opportunities Trust plc # Cumulative Performance 1 month 6 months 1 year 3 years 5 years 10 years Since inception Share Price* 7.6 4.7 5.6 21.9 27.6 87.4 959.2 Net Asset Value* 5.1 1.6 1.5 12.8 20.6 87.4 1,061.7 MSCI Europe GBP 3.7 9.7 20.7 53.1 67.9 180.6 431.9 *Returns are calculated on a total return basis. # 10 Years Cumulative Return (%) Share Price Net Asset Value MSCI Europe GBP > Jan-17 > Jan-18 > Jan-19 > Jan-20 > Jan-21 > Jan-22 > Jan-23 > Jan-24 > Jan-25 > Jan-26 -50% 0% 50% 100% 150% 200% This is a marketing communication # FACTSHEET 31 MAY 2026 # European Opportunities Trust # Key Facts Product Information For more information on Devon Equity Management Visit www.europeanopportunities.com # Risk Factors • You are recommended to seek nancial advice or otherwise satisfy yourself that the risks associated with your chosen investment are acceptable before investing. • The investments in an investment company’s portfolio are subject to stock market uctuations and other risks inherent in all investments. • There can be no assurance that the value of your investment will increase. Past performance is no guide to the future. • The value of investments and the income from them may go down as well as up and an investor may not be able to realise the full amount of the original investment. • Changes in exchange rates between currencies may also cause the value of the investment to increase or diminish. • Current tax levels and reliefs will depend on your individual circumstances. • The Company’s Ordinary Shares are geared by its exible loan facility. Investment in geared securities may be subject to sudden and large falls in value and the investor may get back nothing at all if the fall in value is suciently large. • This factsheet is for information only and nothing herein is to be construed as a solicitation or an offer to buy or sell any nancial products. It is based on information obtained from sources believed to be reliable but are not guaranteed to be accurate. • Devon Equity Management accepts no liability for any loss or damage of any kind arising from the use, in whole or in part, of this factsheet. # Asset Allocation INFINEON TECHNOLOGIES AG 9.8% GENUS PLC 8.1% NOVO NORDISK A/S-B 6.9% CAMURUS AB 6.6% DEUTSCHE BOERSE AG 6.4% EXPERIAN PLC 6.3% ICG PLC 6.0% DASSAULT SYSTEMES SE 5.5% RELX PLC 5.3% GAZTRANSPORT ET TECHNIGA SA 5.1% HEALTH CARE 30.2% INDUSTRIALS 28.7% FINANCIALS 18.4% INFO TECH 14.4% ENERGY 4.7% CASH/(GEARING) 1.9% COMM. SVCS 1.6% Total 99.9% FRANCE 23.2% UNITED KINGDOM 18.3% GERMANY 16.8% IRELAND 8.7% DENMARK 7.2% SWEDEN 7.1% NETHERLANDS 5.0% SPAIN 4.3% SWITZERLAND 3.7% ITALY 3.6% CASH/(GEARING) 1.9% Total 99.8% # Investment Restrictions Notwithstanding the broad powers of investment available to the Company as a closed-ended fund, the Board has adopted the following investment restrictions: no single holding shall constitute more than 10% of the Company's total assets (calculated at the time of investment); the Company will not invest in unlisted securities; the Company will not invest in derivative instruments, whether for ecient portfolio management, gearing or investment purposes; the Company will not invest in other listed closed-ended investment funds; the Company shall not take legal or management control over any investments in its portfolio; and not more than 50% of the Company’s investments may be in securities which are not qualifying securities or government securities for the purposes of the UK ISA Regulations. # Gearing The Directors consider that long-term capital growth can be enhanced by the use of gearing through bank borrowings. The Directors consider that the Company's level of gearing should be maintained at appropriate levels, with sucient exibility to enable the Company to adapt at short notice to changes in market conditions. The Board oversees the level of gearing in the Company and reviews the position with the Investment Adviser on a regular basis. In normal circumstances the Board does not expect the level of gearing to exceed 20% of the Company’s total assets (calculated at the time of borrowing). # Top 10 Holdings (As A Percentage Of Net Assets) 31/05/2026 Sector Weightings (%) 31/05/2026 # Top 10 Country Weightings (%) 31/05/2026 For more information on Devon Equity Management Visit www.europeanopportunities.com # Glossary Of Terms Ask / Bid Price: The lowest price a seller is willing to sell a security for / the highest price a buyer is willing to pay for a security. Board of directors: Investment companies have independent boards of directors. The directors’ duty is to look after investor interests, by ensuring the company is as successful as possible. Discount: The amount, expressed as a percentage, by which the share price is less than the net asset value per share. Distribution Yield: The total interest paid by a fund divided by the fund’s value. Equity: Another name for shares of ownership in a company. Equity market means stock market. Exposure: Describes the level of risk to a particular asset, asset type, sector, market or government. Gearing: Measures a company’s borrowings (debt) as a proportion of its assets. Investment company: A closed-ended fund which invests in a diversied portfolio of assets. Investors buy and sell their shares in the investment company on a stock exchange. Investment objective: The stated investment aim of an investment company. Leverage: the use of nancial instruments (e.g. debt) to increase the potential return of an investment. See Notional value. Liquidity: Measures how easily an asset or security can be converted into cash. Net asset value: In relation to a fund, the market value of its assets less its liabilities. The market value is usually determined by the price at which an investor can redeem shares. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share. Share: A unit of ownership interest in a company or nancial asset. Also Equity. Spread: The difference between the bid and the ask price of a single security. It can also refer to the difference in price between two securities. See Ask/Bid price. Total assets: The total assets of an investment company determined in accordance with its accounting policies. Total return: The capital gain or loss plus any income generated by an investment over a given period. Volatility: Measures how much the price of a security moves up or down. A stock that experiences big price swings has high volatility, while one which moves up or down in smaller increments has low volatility. Yield: The rate of interest or income on an investment, usually expressed as a percentage. # MSCI Index And Sector Disclaimer This document contains information based on the MSCI Europe Index. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or tness for a for a particular purpose with respect to any of such data. The benchmark displayed on this website is the MSCI Europe GBP, which differs from the MSCI Europe Total Return in GBP shown in our monthly factsheet. Slight differences in performance may occur due to variations in calculation methodology, such as the treatment of dividend reinvestment and timing of rebalancing. For further information please contact us at enquiries@devonem.com. Without limiting any of the foregoing, in no event shall MSCI, any of its aliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost prots) even if notied of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI's express written consent. The company's investment portfolio is actively managed. This means the fund manager is taking investment decisions with the intention of achieving the company's investment objective; this may include decisions regarding asset selection, regional allocation, sector views and overall level of exposure to the market. The fund manager is not in any way constrained by the benchmark in their portfolio positioning, and will not hold all, or indeed may not hold any, of the benchmark constituents. # Dividend Policy The company’s objective is to achieve shareholder returns through capital growth rather than income. However, in order to qualify for approval as an investment trust, the company is not permitted to retain more than 15 per cent of eligible investment income arising during any accounting period. Accordingly, the Board’s policy is to propose a modest annual dividend and one at least sucient to enable the company to maintain its investment trust status. # Important Information This document does not, nor is it intended to, constitute a nancial promotion. Details of charges and their affect on returns are contained in the most recent published Report and Accounts. Current tax levels and reliefs will depend on individual circumstances and further details can also be obtained from the most recent published Report and Accounts which are available from Devon on request. For your security we may record or randomly monitor all telephone calls. We recommend you discuss any investment decisions with a nancial adviser, particularly if you are unsure whether an investment is suitable. Devon is unable to provide investment advice. The PRIIPS Key Information Document is available on request, and at www.devonem.com. For denitions please see the glossary. # Contact Details Investment Manager - Devon Equity Management Telephone: +44 20 3985 0445 Email: enquiries@devonem.com Address: DEVON Equity Management Limited, 123 Victoria Street, London, SW1E 6DE Website: www.devonem.com