| | | % of Gross Assets | |
1 | Trust Company Limited AUD2 shares (Australia) | 22.35% | website |
| | Trust Company Limited is a registered corporate trustee offering a range of services to individuals and institutions. | | |
2 | Societe des Bains de Mer de Monaco EUR10 shares (Monaco) | 11.63% | website |
| | Societe des Bains de Mer de Monaco owns and operates hotels, casinos health spas and restaurants in Monte Carlo. | | |
3 | Austral Pacific Energy 8% Convertible Pref 2010 and Common Shares and Energy Warrants (Canada/New Zealand) | 10.91% | website |
| | Through its subsidiaries, this Canadian-incorporated New Zealand-based company is engaged in oil and gas exploration and production and controls interests in more than 15 exploration and production permits totalling over 4.5 million gross acres in New Zealand and Papua New Guinea. | | |
4 | The Law Debenture Corporation plc Ord 5p (UK) | 6.27% | website |
| | UK investment trust. | | |
5 | Aurora Investment Trust plc Ord 25p (UK) | 5.04% | |
| | Aurora's objective is to achieve capital appreciation via investments mainly listed on the London Stock Exchange - primarily in equities with some exposure also to fixed interest. | | |
6 | Babcock & Brown Ltd FRN CULS 15/11/2015 and 9.01% CULS 15/9/2016 (Australia) | 4.59% | website |
| | Babcock & Brown is a leading global alternative asset manager specialising in the origination and management of asset in sectors where Babcock & Brown has a leading franchise and proven track record, and where there are opportunities to add scale: Infrastructure, Air Operating Leasing and selected Real Estate. | | |
7 | eBet Limited 10% Red Conv Notes 30/09/2010 and Ord (Australia) | 3.13% | website |
| The eBet Group comprises two primary business units - eBet Gaming Systems and the Online Division - with operations and commercial arrangements in Australia, New Zealand, Singapore, Canada and the USA. | | |
8 | Argus Group Holdings Limited BMD1 shares (Bermuda) | 2.89% | website |
| | The Argus Group companies underwrite life, annuities, health, property, casualty insurance and certain types of financial reinsurance, and provides administrative services, including insurance management, investment management, investment and accounting services. | | |
9 | DTI Group Limited 10% Conv Notes 20/06/2009 (Australia) | 2.39% | website |
| | DTI provides advanced surveillance systems, solutions, and services to the global mass transit industry. | | |
10 | Intellect Holdings Limited 4% Conv Notes 05/01/2010 and Ord (Belgium) | 2.28% | website |
| Intellect Holdings designs, develops and distributes security and electronic funds transfer keyboard technology. | | |