January 2020 Equity Suggestions

Price 52 Week FTSE 100 COMPANIES 1/1/20 Yield High Low BEVERAGES Diageo PLC Ordinary Shares 3201p 2.1% 3634p 2689p CHEMICALS Croda International PLC Ordinary Shares 5120p 1.7% 5415p 4510p FINANCIAL SERVICES Schroders PLC Voting Shares 3334p 3.4% 3456p 2390p FOOD PRODUCERS Unilever PLC Ordinary Shares 4351p 3.3% 5333p 3905p FORESTRY & PAPER DS Smith PLC Ordinary Shares 384p 4.2% 398p 292p Smurfit Kappa Group PLC Ordinary Shares 2920p 3.0% 2976p 2028p HEALTHCARE PRODUCTS Smith & Nephew PLC Ordinary Shares 1833p 1.5% 1998p 1383p INDUSTRIALS Halma PLC Ordinary Shares 2116p 0.8% 2195p 1308p Spirax-Sarcro Engineering PLC Ord Shares 8890p 1.1% 9440p 5935p LIFE INSURANCE Prudential PLC Ordinary Shares 1449p 3.4% 1539p 1114p MEDIA RELX PLC Ordinary Shares 1906p 2.3% 2027p 1571p MINING BHP Group PLC Ordinary Shares 1777p 5.8% 2079p 1504p Rio Tinto PLC Ordinary Shares 4503p 5.7% 4977p 3393p OIL & GAS BP PLC Ordinary Shares 472p 6.5% 583p 461p Royal Dutch Shell B PLC Ordinary Shares 2240p 6.5% 2647p 2124p NONLIFE INSURANCE Admiral Group PLC Ordinary Shares 2309p 5.4% 2332p 1935p SUPPORT SERVICES DCC PLC Ordinary Shares 6544p 2.2% 7548p 5845p Experian PLC Ordinary Shares 2552p 1.4% 2641p 1800p Intertek PLC Ordinary Shares 5858p 1.7% 5982p 4583p TECHNOLOGY Rightmove PLC Ordinary Shares 634p 1.1% 677p 427p TRAVEL & LEISURE Carnival PLC Ordinary Shares 3644p 4.3% 4448p 3037p Compass Group PLC Ordinary Shares 1890p 2.1% 2150p 1576p UTILITIES National Grid PLC Ordinary Shares 944p 5.0% 970p 746p Severn Trent PLC Ordinary Shares 2515p 3.8% 2552p 1791p

FTSE 250/SMALL CAP/AIM COMPANIES BEVERAGES Fevertree PLC Ordinary Shares 2093p 0.7% 3290p 1698p INDUSTRIALS Ordinary Shares 2024p 1.4% 2094p 1144p James Fisher PLC Ordinary Shares 2025p 1.6% 2280p 1696p PLC Ordinary Shares 335p 1.6% 345p 238p INFRASTRUCTURE HICL Infrastructure PLC Ordinary Shares 171p 4.7% 174p 153p The Renewables Infrastructure Grp Ord Shrs 138p 4.8% 139p 112p NONLIFE INSURANCE Beazley PLC Ordinary Shares 556p 2.1% 634p 487p PHARMACEUTICALS PLC Ordinary Shares 2900p 1.1% 3080p 2042p SUPPORT SERVICES FDM Group (Holdings) PLC Ordinary Shares 1034p 3.0% 1082p 645p TECHNOLOGY RWS Holdings PLC Ordinary Shares 609p 1.4% 674p 446p Learning Technologies PLC Ordinary Shares 143p 0.4% 145p 59p TRAVEL & LEISURE Domino’s Pizza Group PLC Ordinary Shares 320p 3.0% 336p 219p SSP Group PLC Ordinary Shares 650p 1.8% 732p 602p UTILITIES PLC Ordinary Shares 1025p 4.1% 1049p 682p

OVERSEAS COMPANIES# BEVERAGES PepsiCo Inc Cap 10335p 2.8% 11398p 8233p CHEMICALS Chr. Hansen Holding A/S Common Stock 6005p 2.5% 8969p 5805p Umicore SA Common Stock 3712p 1.8% 3782p 2278p FINANCIAL SERVICES Visa Inc Common Stock 14210p 0.6% 15114p 10134p HEALTHCARE PRODUCTS Becton, Dickinson & Co Common Stock 20567p 1.2% 21359p 16705p Waters Corporation Common Stock 17669p - 19388p 13948p HOUSEHOLD PRODUCTS Church & Dwight Co Inc Common Stock 5319p 1.3% 6605p 4670p Kimberly-Clark Common Stock 10402p 3.0% 11761p 8205p INDUSTRIALS ABB Ltd. Common Stock 1824p 3.4% 1857p 1405p Schindler Holding CHF Registered Shares 19220p 1.6% 19639p 15112p PERSONAL GOODS Estée Lauder Companies Common Stock 15619p 0.9% 16847p 9620p L’Oreal Common Stock 22584p 1.4% 23046p 17284p Nike Inc Common Stock 7661p 1.0% 7758p 5754p PHARMACEUTICALS Novartis CHF Registered Shares 7174p 3.1% 7590p 5718p Novo Nordisk DKK Series B 4403p 2.1% 4491p 3499p SUPPORT SERVICES SGS SA Shares 206956p 2.9% 209106p 177038p Verisk Analytics Inc Common Stock 11294p 0.7% 13392p 8331p TECHNOLOGY Amadeus IT Group SA Class A Shares 6231p 1.4% 6649p 5235p Amazon.com Inc Common Stock 139739p - 161854p 118665p TOBACCO Philip Morris PLC Ordinary Shares 6435p 5.5% 7101p 5255p # Dividends on overseas holdings will be subject to withholding tax at the local rate.

NON EQUITY COMMODITIES Gold Bullion Securities 10817p - 12029p 9152p

Investment Trust & Unit Trust/OEIC Suggestions Price 52 Week Discount 1/1/20 Yield High Low to NAV* UK Diverse Income Trust 95p 3.9% 98p 81p 2.5% I/T 278p 2.1% 280p 222p (2.3%) Henderson Smaller Companies I/T 1092p 2.1% 1104p 754p (0.3%) Tellworth UK Smaller Companies Fund 126p - 126p 99p - GLOBAL Baillie Gifford US Growth Trust 141p - 151p 106p (3.7%) Caledonia Investment Trust 3130p 1.9% 3195p 2770p 16.7% I/T 260p 3.4% 264p 208p 6.2% Fundsmith Equity Fund 427p 0.6% 448p 337p - JP Morgan Japanese I/T 458p 1.1% 478p 366p 9.7% 959p 0.2% 971p 718p (4.5%) 42550p 1.3% 43200p 38950p (1.2%) Smithson I/T 1298p - 1342p 985p (3.5%) Trojan Global Income Fund 120p 2.9% 123p 102p - EMERGING MARKETS JP Morgan Emerging Markets I/T 1064p 1.3% 1078p 839p 5.4% Pacific Assets Trust 278p 1.1% 313p 270p 2.7% Schroder Oriental Income Trust 258p 3.9% 276p 229p (1.8%) ENVIRONMENTAL Impax Environmental Markets I/T 333p 0.9% 336p 247p (3.2%) FRONTIER MARKETS BlackRock Frontiers I/T 135p 4.3% 145p 125p (4.9%) HEALTHCARE Worldwide Healthcare Trust 3130p 0.8% 3260p 2365p (1.5%) PRIVATE EQUITY I/T 2575p - 2600p 1960p 19.0% TECHNOLOGY Polar Capital Technology Trust 1586p - 1634p 1084p (0.8%)

ETHICAL Baillie Gifford Positive Change Fund 189p 0.4% 192p 148p - Fundsmith Sustainable Equity Fund 129p 0.5% 135p 103p - Henderson UK Responsible Income Fund 165p 4.2% 167p 134p - Liontrust Sustainable Future Fund 199p 0.3% 202p 153p - Royal Sustainable World Fund 234p 0.9% 237p 181p - Trojan Ethical Income Fund 129p 2.8% 130p 107p * () = premium Fixed Interest Suggestions Price Gross Gross Payment Redemption 1/1/20 Interest Redemption Dates Date Yield Yield INDEX LINKED GILT Treasury 0.175% 2024 132.6# 0.1% 0.7%* Mar/Sep 22 Mar ‘24 CONVENTIONAL GILT Treasury 0.75% 2023 100.6p 0.8% 0.6% Jan/Jul 22 Jul ‘23 BOND FUNDS BlackRock Corporate Bond Fund 119.5p 2.9% - Fidelity Moneybuilder Income Fund 125.8p 3.0% - Merian Corporate Bond Fund 111.3p 2.8% - TB Opie Street Funds Price Yield 1/1/20

Balanced Fund Accumulation Shares 419.8p - Balanced Fund Income Shares 419.8p 3.1% Growth Fund Accumulation Shares 424.1p - Growth Fund Income Shares 424.1p 1.2% * Equivalent Gross Redemption Yield for Index Linked Gilt assuming that future RPI inflation averages 3.0% to redemption. # Price adjusted for inflation (where the published price may be significantly different as it does not include accrued inflation). All yields are estimated and not guaranteed

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