List of Stock Holdings

September 2014

Equities
Name
Valuation (£m)
% of Net Assets
Cumulative (%)
Visa
78.6
2.8
2.8
Walt Disney
76.4
2.7
5.4
CVS Caremark
68.4
2.4
7.8
Pfizer
67.2
2.4
10.2
Accenture
59.5
2.1
12.3
Qualcomm
57.5
2.0
14.3
Prudential
54.0
1.9
16.2
Enterprise Products Partners
52.3
1.8
18.0
WPP
51.2
1.8
19.8
HSBC
49.6
1.7
21.5
Amgen
48.5
1.7
23.2
United Technologies
48.3
1.7
24.9
National Grid
46.6
1.6
26.6
Express Scripts Holding
46.1
1.6
28.2
Wells Fargo
44.6
1.6
29.7
Intesa Sanpaolo
43.6
1.5
31.3
Reckitt Benckiser
41.7
1.5
32.7
Legal & General
39.9
1.4
34.1
Google - A
39.4
1.4
35.5
SAP AG
38.6
1.4
36.8
Danaher
37.4
1.3
38.2
Roche
35.2
1.2
39.4
Noble Energy
35.1
1.2
40.6
Sanofi
34.5
1.2
41.8
Toronto-Dominion Bank
33.5
1.2
43.0
Twenty-First Century Fox
33.5
1.2
44.2
GlaxoSmithKline
33.1
1.2
45.3
Deutsche Post
32.3
1.1
46.5
Blackstone
32.1
1.1
47.6
Friends Life
31.8
1.1
48.7
Swedbank
30.5
1.1
49.8
Amerisourcebergen
29.9
1.0
50.8
Fanuc
29.8
1.0
51.9
Novo-Nordisk
29.5
1.0
52.9
Toyota Motor
29.1
1.0
53.9
Aviva
28.9
1.0
54.9
Marsh & Mclennan
27.7
1.0
55.9
Oceaneering International
27.7
1.0
56.9
Total
27.3
1.0
57.8
Eni
27.3
1.0
58.8
Continental
27.2
1.0
59.7
Diageo
26.6
0.9
60.7
Praxair
26.6
0.9
61.6
Grupo Financiero Banorte
25.6
0.9
62.5
Cadence Design Systems
25.5
0.9
63.4
China Gas
24.9
0.9
64.3
Monsanto
24.2
0.8
65.1
Samsung Electronics
24.2
0.8
66.0
Azimut
23.4
0.8
66.8
Schlumberger
23.3
0.8
67.6
Schneider Electric
22.4
0.8
68.4
Aberdeen Asset Management
22.4
0.8
69.2
Intuitive Surgical
21.8
0.8
69.9
American Tower
21.2
0.7
70.7
Fomento Economico Mexicano
21.2
0.7
71.4
Cummins
21.1
0.7
72.2
BASF
20.3
0.7
72.9
Rogers Communications
20.2
0.7
73.6
Google - C
20.0
0.7
74.3
Zurich Insurance
20.0
0.7
75.0
Unilever
19.9
0.7
75.7
Humana
19.9
0.7
76.4
Bangkok Bank
19.6
0.7
77.1
Spark New Zealand
19.4
0.7
77.7
Perusahaan Gas Negara
19.1
0.7
78.4
Standard Chartered
18.7
0.7
79.1
Henkel
18.7
0.7
79.7
Petrofac
18.6
0.6
80.4
Delta Lloyd
18.2
0.6
81.0
Volkswagen
18.2
0.6
81.6
Charoen Pokphand Foods
18.1
0.6
82.3
Melrose Industries
17.7
0.6
82.9
Eaton
17.3
0.6
83.5
Vodafone
17.0
0.6
84.1
Glencore
16.3
0.6
84.7
Wisconsin Energy
15.6
0.5
85.2
Seadrill
14.6
0.5
85.7
Cerner
14.1
0.5
86.2
Vtech
13.9
0.5
86.7
Plum Creek Timber
13.7
0.5
87.2
Liberty Global - A
11.7
0.4
87.6
Liberty Global - C
11.3
0.4
88.0
Komercni Banka
11.2
0.4
88.4
Rolls-Royce
11.0
0.4
88.8
Och-Ziff Capital Management
8.3
0.3
89.1
Ashmore Global Opportunities
7.9
0.3
89.3
M1 Limited
6.1
0.2
89.5
Sub Total Equities
2,556.3
89.5
OEICS
Name
£m
% of Net Assets
Cumulative %
Monthly Income Bond Fund
122.2
4.3
93.8
Global Thematic Opportunities Fund
172.2
6.0
99.9
Dynamic Bond Fund
53.8
1.9
101.7
Sustainable Future Pan-European Equity Fund
53.0
1.9
103.6
Sustainable Future Cautious Managed Fund
10.0
0.4
103.9
Sustainable Future Defensive Managed Fund
10.1
0.4
104.3
Sub Total OEICS
421.2
14.8
Other Asset Classes
Name
£m
% of Net Assets
Cumulative (%)
Private Equity
133.5
4.7
109.0
Operating Subsidiaries
56.6
2.0
111.0
Property
4.5
0.2
111.1
Cash
45.1
1.6
112.7
Other Assets
17.5
0.6
113.3
Gearing
(380.0)
(13.3)
100.0
Net Assets
2,854.8
100.0
Follow us on Twitter Twitter link Linkedin link Youtube link