-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ja2Ct3kebrJH08gnHPjaO8jz8597mZxMugE4mFSQMB6U7usATOgWEVlqlL98lfvi wAMQ97x7KndHsJciKsjffQ== 0000929638-05-000116.txt : 20050513 0000929638-05-000116.hdr.sgml : 20050513 20050513134730 ACCESSION NUMBER: 0000929638-05-000116 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050513 DATE AS OF CHANGE: 20050513 EFFECTIVENESS DATE: 20050513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: F&C Asset Management plc CENTRAL INDEX KEY: 0001319184 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11312 FILM NUMBER: 05828068 BUSINESS ADDRESS: STREET 1: 80 GEORGE STREET CITY: EDINBURGH STATE: X0 ZIP: EH2 3BU BUSINESS PHONE: 00 44 131 465 1000 MAIL ADDRESS: STREET 1: 80 GEORGE STREET CITY: EDINBURGH STATE: X0 ZIP: EH2 3BU 13F-HR 1 fandc31mar05.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2005 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: F&C Asset Management plc Address: 80 George Street Edinburgh EH2 3BU, United Kingdom Form 13F File Number: 028-11312 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Marrack Tonkin Title: Company Secretary Phone: 44 131 465 1000 Signature, Place, and Date of Signing: /s/ Marrack Tonkin Edinburgh, UK May 13, 2005 - ------------------------- ------------------------ -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 576 Form 13F Information Table Value Total: $8,265,882 (thousands) List of Other Included Managers: None Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
FORM 13F INFORMATION TABLE Name of Reporting Manager: F&C Asset Management plc Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Title of CUSIP Value Amount and Investment Other Voting Authority Name of Issuer Class Number ($1,000) Type of Security Discretion Managers (Shares) Shares or Principal SH/ PUT/ Amount PRN CALL Sole Shared None AFLAC INC COM USD0.10 001055102 15,246 409,290 SH sole 409,290 ABBOTT LABORATORIES COM STK NPV 002824100 16,170 347,138 SH sole 347,138 AFFILIATED COMPUTER USD0.01 CLASS A 008190100 2,791 52,469 SH sole 52,469 SERVS COM AIR PRODUCTS & COM USD1 009158106 23,547 372,229 SH sole 372,229 CHEMICALS INC AIRGAS INC USD0.01 COM 009363102 10,578 445,020 SH sole 445,020 ALCAN INC COM STK NPV US 013716105 5,741 151,440 SH sole 151,440 LISTING ALCOA INC COM STK USD1 013817101 7,363 242,781 SH sole 242,781 ALEXANDER & BALDWIN INC NPV 014482103 124 3,000 SH sole 3,000 ALLEGHANY CORPORATION USD1 017175100 6,960 25,183 SH sole 25,183 ALLOS THERAPEUTICS COM 019777101 51 25,064 SH sole 25,064 ALLSTATE CORPORATION COM STK USD0.01 020002101 70,924 1,312,922 SH sole 1,312,922 ALLTEL CORP COM STK USD1 020039103 16,138 294,330 SH sole 294,330 ALLTEL CORP 7.75% 17/05/2005 020039822 6,710 132,900 PRN sole 132,900 CNV PRF USD50 AMBAC FINANCIAL COM 023139108 1,067 14,280 SH sole 14,280 AMEREN CORPORATION USD 0.01 023608102 61 1,250 SH sole 1,250 AMERICAN CAPITAL COM USD0.01 024937104 10,514 334,640 SH sole 334,640 STRATEGIES AMERICAN ELECTRIC USD6.50 COM 025537101 247 7,270 SH sole 7,270 POWER INC AMERICAN EXPRESS CO COM USD0.20 025816109 40,608 790,656 SH sole 790,656 AMERICAN INTERNATIONAL COM STK USD2.50 026874107 72,463 1,307,997 SH sole 1,307,997 GROUP AMERICAN STANDARD COM 029712106 1,810 39,000 SH sole 39,000 AMGEN COM 031162100 7,631 131,090 SH sole 131,090 ANADARKO PETROLEUM COM USD0.10 032511107 15,164 199,392 SH sole 199,392 ANALOG DEVICES INC. COM STK USD0.1666 032654105 1,317 36,440 SH sole 36,440 ANDREW CORPORATION COM USD0.01 034425108 9,123 782,420 SH sole 782,420 ANHEUSER-BUSCH COS INC. COM STK USD1 035229103 140 2,960 SH sole 2,960 APACHE CORP USD1.25 037411105 15,369 251,120 SH sole 251,120 APPLE COMPUTER COMPANY COM NPV 037833100 2,940 70,540 SH sole 70,540 APPLERA CORP COM 038020103 925 47,000 SH sole 47,000 APPLIED MATERIALS INC COM USD0.01 038222105 17,580 1,081,875 SH sole 1,081,875 ARAMARK CORP B 038521100 11,649 443,440 SH sole 443,440 ARCHER-DANIELS-MIDLAND COM STK NPV 039483102 9,199 368,718 SH sole 368,718 CO ARCHSTONE SMITH TR USD0.01 039583109 43,422 1,273,390 SH sole 1,273,390 AUTOLIV INC COM 052800109 1,578 33,200 SH sole 33,200 AUTOMATIC DATA STOCK USD0.10 053015103 6,481 144,275 SH sole 144,275 PROCESSING INC COM AVAYA COM 053499109 862 73,830 SH sole 73,830 AVERY DENNISON USD1 053611109 24,532 396,200 SH sole 396,200 AVON PRODUCTS INC USD 0.25 COM 054303102 60,583 1,412,181 SH sole 1,412,181 PAGE TOTAL: 537,608 BB&T CORPORATION COM USD5 054937107 75 1,930 SH sole 1,930 BAKER HUGHES INC COM STK USD1 057224107 54 1,210 SH sole 1,210 BALL CORP COM NPV 058498106 9,399 226,690 SH sole 226,690 BANK OF AMERICA CORP COM STOCK USD 060505104 91,108 2,068,766 SH sole 2,068,766 0.01 BANK OF NEW YORK CO INC COM STK USD7.50 064057102 8,587 295,824 SH sole 295,824 BANK OF NOVA SCOTIA COM 064149107 1,481 37,460 SH sole 37,460 BARD C.R. INC USD0.25 067383109 20,005 293,882 SH sole 293,882 BAUSCH & LOMB INC COM USD0.40 071707103 52,446 715,987 SH sole 715,987 BAXTER INTERNATIONAL COM STK USD1.00 071813109 73 2,160 SH sole 2,160 BEAR STEARNS COMPANIES COM USD1 073902108 21,501 215,376 SH sole 215,376 INC BECKMAN COULTER INC USD0.10 075811109 337 5,077 SH sole 5,077 BECTON DICKINSON & CO USD1 COM 075887109 13,386 229,610 SH sole 229,610 BED BATH & BEYOND COM 079856100 1,330 36,400 SH sole 36,400 BELLSOUTH CORP COM STK USD1 079860102 15,784 600,612 SH sole 600,612 BERKSHIRE HATHAWAY INC USD5 CNV CLASS A 084670108 608 7 SH sole 7 COM U BERKSHIRE HATHAWAY INC B 084670207 1,827 640 SH sole 640 BEST BUY COMPANY INC USD0.1 086516101 52,319 968,878 SH sole 968,878 H&R BLOCK INC NPV 093671105 347 6,865 SH sole 6,865 BOEING CO COM STK USD5 097023105 31,137 533,070 SH sole 533,070 BOSTON PROPERTIES 101121101 39,421 655,600 SH sole 655,600 INCORPORATEDUSD0.01 COM STK BOSTON SCIENTIFIC USD0.01 COM STK 101137107 67 2,300 SH sole 2,300 BRASIL TELECOM SPON ADR REP 105530109 3,179 97,923 SH sole 97,923 PARTICIPACOES 5000 PRF NPV BRASIL TELECOM PART ADR 105530109 179 5,525 SH sole 5,525 BRISTOL-MYERS SQUIBB CO COM STK USD0.10 110122108 19,128 751,587 SH sole 751,587 BROADCOM ADR 111320107 6,753 225,700 SH sole 225,700 BURLINGTON RESOURCES USD0.01 122014103 18,435 368,274 SH sole 368,274 INC COM CBL & ASSOCIATES 124830100 4,719 66,100 SH sole 66,100 PROPERTIES INUSD0.01 COM STK CIGNA CORP COM USD0.25 125509109 14,728 164,950 SH sole 164,950 CIT GROUP USD0.01 COM 125581108 60,820 1,602,637 SH sole 1,602,637 CVS CORP USD0.01 126650100 37,153 707,141 SH sole 707,141 CADENCE DESIGN SYSTEMS USD 0.01 127387108 11,273 755,100 SH sole 755,100 INC CAMDEN PROPERTY TRUST USD0.01 SHS BEN 133131102 16,936 360,500 SH sole 360,500 INT COM STK CAMPBELL SOUP CO CAP STK USD0.0375 134429109 482 16,630 SH sole 16,630 CANADIAN NAT RLY COM 136275102 2,595 33,985 SH sole 33,985 CANADIAN NAT RES COM 136385101 670 9,800 SH sole 9,800 CAREMARK RX INC USD0.001 COM 141705103 1,435 36,110 SH sole 36,110 CARNIVAL CORP USD0.01 PAIRED 143658300 22,845 440,930 SH sole 440,930 STOCK CARRAMERICA REALTY CORP USD0.01 COM STK 144418100 9,302 295,200 SH sole 295,200 CATELLUS DEVELOPMENT USD0.01 COM STOCK 149113102 23,785 892,500 SH sole 892,500 CORP CATERPILLAR INC COM STK USD1 149123101 1,308 14,300 SH sole 14,300 CEMEX SA SPON ADR EACH 151290889 6,403 176,779 SH sole 176,779 REP 5 CEMEX SP ADR 5 151290889 824 22,753 SH sole 22,753 CENDANT CORPORATION USD0.01 151313103 44,302 2,159,000 SH sole 2,159,000 CENTERPOINT PROPERTIES USD0.001 COM STK 151895109 20,271 494,900 SH sole 494,900 TRUST CHECKERS DRIVE-IN USD0.001 COM 162809305 10,669 805,830 SH sole 805,830 RESTAURANT CHEROKEE INTERNATIONAL USD0.001 164450108 5,719 818,170 SH sole 818,170 CORP CHEVRONTEXACO COM STK USD1.50 166764100 52,315 923,266 SH sole 923,266 CORPORATION CHINA FINANCE ONLINE ADR 169379104 423 60,000 SH sole 60,000 CHIRON CORP USD0.01 170040109 4,691 133,800 SH sole 133,800 CHUBB CORP COM STK USD1 171232101 22,699 286,850 SH sole 286,850 CINCINNATI FINANCIAL COM STK USD2 172062101 12,045 276,190 SH sole 276,190 CORP PAGE TOTAL: 797,380 CITIGROUP INC USD0.01 ORD 172967101 148,987 3,316,714 SH sole 3,316,714 CLEAR CHANNEL COM STK USD0.10 184502102 757 21,940 SH sole 21,940 COMMUNICATIONS COACH INC USD0.01 189754104 5,726 101,150 SH sole 101,150 THE COCA-COLA COMPANY USD0.25 ORD SHS 191216100 24,968 599,471 SH sole 599,471 COCA COLA COM 191216100 3,937 94,530 SH sole 94,530 CIOEUR D ALENE MINES COM 192108108 732 200,000 SH sole 200,000 COLGATE-PALMOLIVE CO COM STK USD1 194162103 6,313 121,080 SH sole 121,080 COLGATE PALMOLIVE COM 194162103 2,326 44,620 SH sole 44,620 COMMUNITY HEALTH USD0.01 203668108 13,899 398,140 SH sole 398,140 SYSTEMS INC CEMIG CIA ENERG MG SPON ADR REP 204409601 7,375 324,756 SH sole 324,756 1000 PF LEVEL 1 CEMIG SP ADR 204409601 525 23,100 SH sole 23,100 COMPANIA VALE DO RIO SPON ADR-EACH 204412100 13,589 512,000 SH sole 512,000 DOCE REPR 1 PREF SHS COMPANIA VALE DO RIO NPV ADR REPR 1 204412209 29,295 927,348 SH sole 927,348 DOCE COM CIA VALE DO RIO SPON ADR 204412209 6,095 192,951 SH sole 192,951 COMPANIA CERVECERIAS 204429104 2,169 88,486 SH sole 88,486 UNIDAS SAADS-EACH 1 CNV INTO 5 COM STK COMPANIA DE MINAS 204448104 7,280 319,600 SH sole 319,600 BUENAVENTURA-SPON ADR (EACH REP 2'B'SHS) TELECOMUNICACIONES DE ADS REP 4 A 204449300 11,043 994,000 SH sole 994,000 CHILE SHARES TELECOM CHILE SPON ADR 204449300 1,188 106,966 SH sole 106,966 COMPUTER ASSOCIATES 204912109 82,781 3,054,650 SH sole 3,054,650 INTERN INCCOM STK USD0.10 CONCORD COMMUNICATIONS USD0.01 206186108 7,104 703,380 SH sole 703,380 INC CONNS INC USD0.01 208242107 9,673 518,950 SH sole 518,950 CORNING INC COM STK USD1 219350105 42 3,740 SH sole 3,740 COUNTRYWIDE FINANCIAL USD0.05 ORD SHS 222372104 23,277 717,317 SH sole 717,317 CORP COUSINS PROPERTIES INC COM STK USD1 222795106 30,347 1,176,250 SH sole 1,176,250 COVENTRY HEALTH CARE USD0.01 222862104 15,055 221,070 SH sole 221,070 INC COX RADIO INC COM STK USD0.33 224051102 7,989 475,520 SH sole 475,520 CLASS A CRISTALERIAS CHILE ADR 226714103 76 2,550 SH sole 2,550 DANAHER CORPORATION USD0.01 COM 235851102 37 700 SH sole 700 DEAN FOODS CO USD0.01 242370104 45 1,300 SH sole 1,300 DEERE & CO COM STK USD1 244199105 14,391 214,430 SH sole 214,430 DENBURY RESOURCES INC USD0.001 247916208 10,399 295,180 SH sole 295,180 DEVELOPERS DIVERSIFIED 251591103 21,362 537,400 SH sole 537,400 REALTY NPV DISNEY WALT CO COM STK USD 0.01 254687106 34,604 1,205,280 SH sole 1,205,280 DISTRIBUCION & SERVICIO ADR (EACH REP 15 254753106 9,014 473,675 SH sole 473,675 ORD SHARES) DIST Y SERVICIO SPON ADR 254753106 658 34,553 SH sole 34,553 DR REDDYS LABS EACH 256135203 652 38,100 SH sole 38,100 REPRESENTS1/2 INR5 ADR DOLLAR THRIFTY USD0.01 256743105 6,657 203,690 SH sole 203,690 AUTOMOTIVE GP RR DONNELLEY & SONS CO USD1.25 257867101 593 18,760 SH sole 18,760 DOVER CORP COM 260003108 1,888 50,000 SH sole 50,000 DOW CHEMICALS 260543103 24,435 490,476 SH sole 490,476 DU PONT DE NEMOURS USD0.30 COM 263534109 139 2,710 SH sole 2,710 DUKE ENERGY CORPORATION COM STK NPV 264399106 66,594 2,382,618 SH sole 2,382,618 DUKE REALTY CORPORATION USD0.01 COM STK 264411505 24,239 812,300 SH sole 812,300 EMC CORPORATION USD0.01 268648102 116 9,442 SH sole 9,442 EASTGROUP PROPERTIES USD0.0001 277276101 10,808 287,000 SH sole 287,000 EATON CORP COM 278058102 689 10,550 SH sole 10,550 EBAY INC USD0.001 COM 278642103 32,043 859,876 SH sole 859,876 ECOLAB INC COM 278865100 14,577 441,599 SH sole 441,599 ELAN CORPORATION PLC ADR-EACH CNV 284131208 3,218 996,401 SH sole 996,401 INTO 1 ORDEUR0.05 EMERSON ELECTRIC CO COM STK USD1 291011104 12,510 192,942 SH sole 192,942 EQUIFAX INC COM USD1.25 294429105 19,509 636,510 SH sole 636,510 EQUITY OFFICE 294741103 23,936 794,700 SH sole 794,700 PROPERTIES TRUSTUSD 0.01 COM STK FPL GROUP INC COM STK USD0.01 302571104 1,380 34,388 SH sole 34,388 FREDDIE MAC COM USD0.21 313400301 25,530 404,074 SH sole 404,074 FEDERAL NATIONAL MORT NPV 313586109 44,176 811,462 SH sole 811,462 ASSOC PAGE TOTAL: 866,745 FNMA COM 313586109 2,527 46,410 SH sole 46,410 FIFTH THIRD BANCORP NPV COM 316773100 579 13,473 SH sole 13,473 FIRST DATA CORP COM STK USD0.01 319963104 20,390 518,833 SH sole 518,833 FIRSTENERGY CORP USD0.1 337932107 556 13,260 SH sole 13,260 FISHER SCIENTIFIC INTL USD 0.01 338032204 39,777 699,316 SH sole 699,316 FLUOR CORP COM 343412102 2,921 52,743 SH sole 52,743 FORD MOTOR COMPANY USD0.01 COM STOCK 345370860 39 3,430 SH sole 3,430 FORD CAPITAL TRUST 6.5% 15/01/2032 345395206 363 8,000 PRN sole 8,000 CNV PRF FOREST LABORATORIES INC COM USD0.1 345838106 49 1,320 SH sole 1,320 FOREST OIL CORPORATION COM STK USDO.01 346091705 10,138 250,450 SH sole 250,450 FRANKLIN RES COM 354613101 1,242 18,110 SH sole 18,110 FREDS INC NPV CLASS A 356108100 16,460 959,218 SH sole 959,218 FRIEDMAN BILLINGS USD0.01 358434108 201 12,660 SH sole 12,660 RAMSAY A FURNITURE BRANDS INTL COM USD1 360921100 8,478 389,090 SH sole 389,090 INC GANNETT COM 364730101 2,895 36,633 SH sole 36,633 GAP INC USD0.05 364760108 13,426 615,340 SH sole 615,340 GENENTECH COM NEW 368710406 515 9,110 SH sole 9,110 GENERAL DYNAMICS COM USD1 369550108 10,656 99,580 SH sole 99,580 COPORATION GENERAL ELECTRIC (US) COMMON STOCK 369604103 183,838 5,099,526 SH sole 5,099,526 USD0.16 GENERAL GROWTH USD0.10 COM STK 370021107 22,245 653,300 SH sole 653,300 PROPERTIES GENERAL MILLS INC COM STK USD0.1 370334104 9,799 199,450 SH sole 199,450 GENERAL MOTORS CORP COMMON STOCK 370442105 33 1,110 SH sole 1,110 USD1.667 DB GENERAL MOTORS CORP 4.5% 0603/2032 370442741 5,855 7,850,000 PRN sole 7,850,000 CNV PRF SER A GENESEE & WYOMING INC USD0.01 CL A COM 371559105 7,536 292,100 SH sole 292,100 GEORGIA PACIFIC CP USD0.80 373298108 12,827 361,820 SH sole 361,820 GILEAD SCIENCES INC USD0.001 375558103 50,597 1,413,492 SH sole 1,413,492 GILLETTE CO COM STK USD1 375766102 55,039 1,092,711 SH sole 1,092,711 GOLDEN WEST FIN COM 381317106 668 11,060 SH sole 11,060 GOODRICH CORPORATION USD5 COM 382388106 15,510 405,060 SH sole 405,060 GRAINGER W.W INC USD0.50 COM 384802104 15,460 248,310 SH sole 248,310 GRUMA SA DE CV ADS-REP B NPV 400131306 0 1 SH sole 1 4 GUIDANT CORP COM STK NPV 401698105 1,217 16,480 SH sole 16,480 HCA INC USD0.01 COM 404119109 161 3,000 SH sole 3,000 HCC INSURANCE HOLDINGS USD1 404132102 12,047 333,260 SH sole 333,260 INC HAIN CELESTIAL COM 405217100 1,118 60,000 SH sole 60,000 HALLIBURTON CO COM STK USD2.50 406216101 48,214 1,115,032 SH sole 1,115,032 HARLEY DAVIDSON COM 412822108 1,226 21,228 SH sole 21,228 HARTE-HANKS INC USD1 COM STK 416196103 6,399 232,620 SH sole 232,620 HARTFORD FINANCIAL USD0.01 COM STK 416515104 1,381 20,155 SH sole 20,155 SERVICES HARVARD BIOSCIENCE INC COM USD0.01 416906105 5,210 1,349,708 SH sole 1,349,708 HASBRO INC COM USD0.50 418056107 13,212 646,373 SH sole 646,373 HJ HEINZ CO USD0.25 423074103 9,376 254,650 SH sole 254,650 HERSHEY FOODS COM 427866108 27,266 451,125 SH sole 451,125 HEWLETT PACKARD CO COM USD0.01 428236103 24,866 1,133,345 SH sole 1,133,345 HOME DEPOT INC COM STK USD0.05 437076102 14,800 387,220 SH sole 387,220 HONEYWELL INTL INC COM STK USD1.00 438516106 44,540 1,197,323 SH sole 1,197,323 IMS HEALTH INC USD0.01 COM 449934108 836 34,311 SH sole 34,311 ITT INDS COM 450911102 13,514 149,840 SH sole 149,840 ILLINOIS TOOL WORKS INC COM STK NPV 452308109 43,511 486,157 SH sole 486,157 INFOSYS TECHNOLOGIES ADR 456788108 34,833 472,437 SH sole 472,437 LIMITED INTEL CORP COM STK USD0.001 458140100 91,938 3,957,720 SH sole 3,957,720 INTL BUSINESS MACHINES CAP STK USD0.50 459200101 92,351 1,011,183 SH sole 1,011,183 CORP IBM COM 459200101 34,082 373,176 SH sole 373,176 INTERNATIONAL PAPER CO COM USD1 460146103 5,722 155,791 SH sole 155,791 PAGE TOTAL: 1,038,442 IRON MOUNTAIN INC USD0.01 462846106 6,122 212,796 SH sole 212,796 ISHARES INC MCSI TAIWAN 464286731 665 31,305 SH sole 31,305 INDEX FUND ISHARES MSCI MALAYSIA MALAYSIAN INDEX 464286830 885 131,473 SH sole 131,473 ISHARES TRUST S&P 500 464287200 76,605 650,300 SH sole 650,300 JABIL CIRCUIT COM 466313103 1,312 46,040 SH sole 46,040 JARDEN CORP USD0.01 471109108 8,548 186,440 SH sole 186,440 JOHNSON & JOHNSON USD1 478160104 184,004 2,740,195 SH sole 2,740,195 JOHNSON CTRLS COM 478366107 835 14,980 SH sole 14,980 KELLOGG COMPANY USD0.25 COM 487836108 41 959 SH sole 959 KEYCORP USD1 COM 493267108 11,318 348,880 SH sole 348,880 KIMBERLEY CLARK CORP COM STK USD1.25 494368103 16,190 246,463 SH sole 246,463 KIRBY CORP COM STK USD0.10 497266106 12,572 300,410 SH sole 300,410 KNIGHT RIDDER COM 499040103 878 13,070 SH sole 13,070 KOREA ELECTRIC POWER ADR-EACH ADS 500631106 702 52,400 SH sole 52,400 CORP REPR 1/2 KSWN5000 KROGER COMPANY COM STK USD1.00 501044101 2,384 148,800 SH sole 148,800 KYPHON INC USD0.001 501577100 251 10,000 SH sole 10,000 LKQ CORPORATION USD0.01 501889208 11,510 574,330 SH sole 574,330 L3 COMMUNICATIONS COM USD0.01 502424104 2,886 40,670 SH sole 40,670 LAFARGE NORTH AMERICA COM USD1 505862102 15,251 260,910 SH sole 260,910 INC LAMAR ADVERTISING CO CLASS A SHARES 512815101 11,191 277,830 SH sole 277,830 OF USD0.001 ESTEE LAUDER COMPANIES USD0.01 518439104 13,761 306,080 SH sole 306,080 INC LAUREATE EDUCATION INC USD0.01 518613104 5,806 135,690 SH sole 135,690 LEAR CORP USD0.01 521865105 8,890 200,440 SH sole 200,440 LEGGETT & PLATT COM 524660107 943 32,660 SH sole 32,660 LEHMAN BROTHERS USD0.10 524908100 80 855 SH sole 855 HOLDINGS INC LENNAR CORP CLASS A 526057104 5,797 102,385 SH sole 102,385 LEXMARK INTERNATIONAL USD0.01 CLASS A 529771107 6,140 76,790 SH sole 76,790 INC COM STK LIBERTY MEDIA CORP USD0.01 CLASS A 530718105 30,691 2,959,550 SH sole 2,959,550 LIBERTY MEDIA INTL USD0.01 530719103 2,559 204,450 SH sole 204,450 CLASS A LIBERTY PROPERTY TRUST USD0.001 COM STK 531172104 10,288 263,600 SH sole 263,600 LILLY ELI & CO. COM STK NPV 532457108 1,545 30,215 SH sole 30,215 LIMITED BRANDS INC COM USD0.5 532716107 2,386 98,340 SH sole 98,340 LINCOLN NATIONAL CORP COM NPV 534187109 12,501 277,320 SH sole 277,320 LINEAR TECHNOLOGY COM NPV 535678106 48,650 1,268,551 SH sole 1,268,551 LITHIA MOTORS INC NPV CLASS A COM 536797103 11,967 468,930 SH sole 468,930 STK LOCKHEED MARTIN CORP USD1 539830109 19,271 315,800 SH sole 315,800 LOWES COS INC USD0.50 548661107 1,301 22,809 SH sole 22,809 LUCENT TECHNOLOGIES INC COM STK USD0.01 549463107 4,362 1,586,000 SH sole 1,586,000 LYONDELL CHEMICAL COM 552078107 35 1,246 SH sole 1,246 MGM MIRAGE COM 552953101 2,796 39,560 SH sole 39,560 MACERICH COMPANY USD0.01 COM STK 554382101 20,818 390,800 SH sole 390,800 MACK CALI REALTY USD0.01 554489104 10,486 247,600 SH sole 247,600 CORPORATION MAGUIRE PROPERTIES USD0.01 COM 559775101 10,472 440,000 SH sole 440,000 MAGYAR TELEKOM ADR EACH REP 5 559776109 4,305 183,800 SH sole 183,800 SHS HUF100 MAGYAR TAV SPON ADR 559776109 572 24,435 SH sole 24,435 MARATHON OIL GROUP COM STK USD1 565849106 2,460 52,460 SH sole 52,460 MARSH & MCLENNAN COS USD1.00 COM STK 571748102 81 2,674 SH sole 2,674 INC MARRIOTT INTERNATIONAL USD0.01 CLASS A 571903202 27,647 413,636 SH sole 413,636 NEW A MARTIN MARIETTS USD0.01 573284106 11,809 211,170 SH sole 211,170 MATERIALS MASCO CORP USD1 COM 574599106 13,621 393,560 SH sole 393,560 MATTEL INC USD1 577081102 19,966 936,493 SH sole 936,493 MAY DEPARTMENT STORES USD0.50 COM STK 577778103 699 18,880 SH sole 18,880 CO MCAFEE INC COM USD0.01 579064106 36,284 1,609,059 SH sole 1,609,059 MCDONALDS CORP COM STK USD0.01 580135101 24,222 778,110 SH sole 778,110 PAGE TOTAL: 737,362 MCGRAW-HILL COMPANIES USD1 580645109 30,196 346,324 SH sole 346,324 INC MEADWESTVACO CORP COM USD0.01 583334107 13,988 440,280 SH sole 440,280 MEDTRONIC INC COM STK USD0.10 585055106 38,055 747,048 SH sole 747,048 MENTOR GRAPHICS CORP CP NPV COM 587200106 10,899 796,150 SH sole 796,150 MERCANTILE BANKSHARES USD2 COM STK 587405101 7,150 140,810 SH sole 140,810 CORP MERCK & CO INC COM STK NPV 589331107 22,959 709,468 SH sole 709,468 MERRILL LYNCH & CO INC USD1.333 590188108 142 2,506 SH sole 2,506 MICHAELS STORES INC COM USD0.10 594087108 25,714 708,570 SH sole 708,570 MICROSOFT CORP COM STK 594918104 141,166 5,841,855 SH sole 5,841,855 USD0.00005 MIDLAND COMPANY NPV 597486109 9,318 297,880 SH sole 297,880 MOBILE TELESYSTEMS ADR REP 20 607409109 8,405 239,400 SH sole 239,400 MOLEX COM 608554101 1,134 43,030 SH sole 43,030 MORGAN STANLEY USD0.01 617446448 4,966 86,750 SH sole 86,750 MOTOROLA INC COM STK USD3 620076109 12,487 834,650 SH sole 834,650 MUELLER INDUSTRIES COM USD0.01 624756102 7,919 281,600 SH sole 281,600 NATIONAL AUSTRALIA BK 7.875% 632525309 3,072 83,700 PRN sole 83,700 19/03/2007 EXEC USD25 NATIONAL CITY CORP USD4 635405103 10,585 316,743 SH sole 316,743 NATIONAL MEDICAL HEALTH USD0.001 636918302 324 14,000 SH sole 14,000 NDCHEALTH CORPORATION USD0.125 639480102 5,441 340,490 SH sole 340,490 NEENAH PAPER INC USD0.01 640079109 36 1,067 SH sole 1,067 NEWELL RUBBERMAID 651229106 13,011 593,680 SH sole 593,680 INCORPORATEDUSD1 COM NEWMONT MINING USD1.60 COM STK 651639106 2,949 69,830 SH sole 69,830 CORPORATION NIKE CL B 654106103 558 6,700 SH sole 6,700 NORTEL NETWORKS CP COM NPV 656568102 32 11,730 SH sole 11,730 NORTHERN TST COM 665859104 1,139 7,410 SH sole 7,410 NORTHROP GRUMMAN CORP USD1 COM STK 666807102 13,779 255,467 SH sole 255,467 OCCIDENTAL PETROLEUM USD0.20 COM 674599105 46,803 657,801 SH sole 657,801 CORP OLD REPUBLIC INTL CORP COM USD1 680223104 12,035 517,590 SH sole 517,590 OMNICOM GROUP USD0.15 COM STK 681919106 21,027 237,706 SH sole 237,706 PHH CORPORATION NPV 693320202 71 3,280 SH sole 3,280 POSCO SPON ADR REP 0.25 ORD LVL111 693483109 10,367 210,454 SH sole 210,454 PPG INDUSTRIES USD1.666 COM 693506107 61 850 SH sole 850 INCORPORATED PACCAR INC COM USD1 693718108 12,209 168,780 SH sole 168,780 PACTIV CORPORATION USD0.01 695257105 12,537 537,380 SH sole 537,380 PALM HARBOUR HOMES USD0.01 696639103 40 2,500 SH sole 2,500 PAYCHEX INC USD0.01 704326107 5,330 162,370 SH sole 162,370 J.C. PENNEY CO INC USD0.5 708160106 14,783 284,780 SH sole 284,780 PENNEY JC COM 708160106 740 14,260 SH sole 14,260 PENNSYLVANIA REAL EST 709102107 15,617 388,000 SH sole 388,000 INV TST USD1 PEPSICO INC CAP STK 713448108 51,203 965,916 SH sole 965,916 USD0.016666 TELEKOMUNIKASI IDR500 SER B ADR 715684106 454 24,255 SH sole 24,255 INDONESIA REPR 20 PERVASIVE SOFTWARE INC USD0.001 715710109 4,692 1,020,069 SH sole 1,020,069 PETSMART COM 716768106 639 22,230 SH sole 22,230 PFIZER INC COM STK USD0.05 717081103 147,973 5,637,092 SH sole 5,637,092 PHELPS DODGE CORP USD6.25 COM STK 717265102 9,802 96,350 SH sole 96,350 PITNEY BOWES INC COM STK USD2 724479100 1,727 38,340 SH sole 38,340 PRECISION CASTPARTS NPV 740189105 8,944 116,220 SH sole 116,220 PRICE COMMUNICATIONS USD0.01 741437305 9,143 525,442 SH sole 525,442 CORP PROCTER & GAMBLE COM NPV 742718109 76,273 1,439,394 SH sole 1,439,394 PROGRESS ENERGY NPV COM 743263105 133 3,170 SH sole 3,170 INCORPORATED PROLOGIS SBI USD0.01 743410102 40,398 1,088,900 SH sole 1,088,900 PRUDENTIAL FINANCIAL USD0.01 COM 744320102 45,172 788,630 SH sole 788,630 INC PUBLIC SERVICE 744573106 272 5,000 SH sole 5,000 ENTERPRISE GROUCOM STK NPV QUALCOMM INC COM USD0.0001 747525103 37,127 1,013,560 SH sole 1,013,560 RADIAN GROUP INC USD0.001 750236101 51,648 1,082,089 SH sole 1,082,089 PAGE TOTAL: 1,022,645 RAYTHEON COMPANY USD0.01 COM 755111507 8,075 208,712 SH sole 208,712 REEBOK INTERNATIONAL USD0.01 758110100 694 15,670 SH sole 15,670 LTD REGENCY CENTERS USD0.01 COM 758849103 27,199 571,400 SH sole 571,400 REGIS CORPORATION COM USD0.05 758932107 8,600 210,120 SH sole 210,120 RENAL CARE GROUP INC USD0.01 COM 759930100 12,055 317,830 SH sole 317,830 REPUBLIC SERVICES INC ORD USD0.01 760759100 14,749 440,650 SH sole 440,650 REYNOLDS & REYNOLDS CLASS A COM NPV 761695105 7,116 263,370 SH sole 263,370 ROBERT HALF INTL INC USD0.001 770323103 70 2,600 SH sole 2,600 ROHM & HAAS COMPANY COM USD2.50 775371107 14,509 302,330 SH sole 302,330 ROPER INDUSTRIES INC COM STK USD0.01 776696106 11,215 171,280 SH sole 171,280 ROSTELECOM ADR EA RP6 778529107 1,825 146,100 SH sole 146,100 RUR2.5LEV IIBNY SCP POOL CORPORATION COMMON STOCK 784028102 12,186 382,615 SH sole 382,615 USD0.001 SABRE GROUP HOLDINGS CLASS A COMMON 785905100 17,437 798,040 SH sole 798,040 INC USD0.01 SAFECO CORP 786429100 12,488 256,775 SH sole 256,775 THE ST JOE COMPANY NPV 790148100 7,017 104,280 SH sole 104,280 ST JUDE MEDICAL INC USD0.1 COM 790849103 288 8,000 SH sole 8,000 ST PAUL COMPANIES INC COM NPV 792860108 66 1,810 SH sole 1,810 SANMINA CORP COM USD0.01 800907107 6,665 1,281,800 SH sole 1,281,800 SARA LEE CORPORATION USD0.01 COM 803111103 379 17,120 SH sole 17,120 SCHLUMBERGER COM STK USD0.01 806857108 15,468 219,463 SH sole 219,463 SCIENTIFIC ATLANTA USD0.50 COM 808655104 285 10,120 SH sole 10,120 SEMPRA ENERGY 816851109 301 7,560 SH sole 7,560 SHAW GROUP INC NPV COM 820280105 8,965 411,440 SH sole 411,440 SHINHAN FINANCIAL GROUP KRW5000 ADR 824596100 804 15,200 SH sole 15,200 SIEBEL COM USD0.001 826170102 4,210 460,600 SH sole 460,600 SILICONWARE PREC IND SPON ADR 827084864 458 108,702 SH sole 108,702 SIMON PROPERTY GROUP USD0.0001 COM STK 828806109 55,329 913,470 SH sole 913,470 INC JM SMUCKER CO NPV 832696405 0 5 SH sole 5 SOCIEDAD QUIMICA Y 833635105 644 8,000 SH sole 8,000 MINERA DE CADR-EACH REPR 10 SER'B'NPV SOURCECORP NPV COM 836167106 13,414 666,690 SH sole 666,690 SOUTHERN COMPANY USD5 COM 842587107 1,251 39,340 SH sole 39,340 SOVEREIGN BANCORP COM 845905108 504 22,760 SH sole 22,760 SPRINT CORPORATION USD2 852061100 73 3,230 SH sole 3,230 STAPLES INC USD0.0006 855030102 38,330 1,220,395 SH sole 1,220,395 STARBUCKS CORP NPV COM 855244109 2,219 42,960 SH sole 42,960 STATE STREET COM USD1 857477103 2,734 62,530 SH sole 62,530 CORPORATION SUN LIFE FINL COM 866796105 1,099 27,950 SH sole 27,950 SUN MICROSYSTEMS INC COM STK 866810104 12,500 3,101,426 SH sole 3,101,426 USD0.00067 SUNCOR ENERGY COM 867229106 595 12,230 SH sole 12,230 SUNTRUST BANK INC USD 1 867914103 65 900 SH sole 900 SUPERVALU COM 868536103 881 26,430 SH sole 26,430 SYMANTEC CORPORATION USD0.01 871503108 1,253 58,730 SH sole 58,730 SYSCO CORP COM STK USD1 871829107 1,055 29,490 SH sole 29,490 TJX COS INC USD1 872540109 13,714 557,477 SH sole 557,477 TXU CORPORATION COM NPV 873168108 814 10,240 SH sole 10,240 TAIWAN SEMICONDUCTOR ADR (EACH REP 5 874039100 729 85,957 SH sole 85,957 ORD SHARES) TELEFONOS DE MEXICO SA NPV ADR CNV20 879403780 15,243 441,817 SH sole 441,817 DE CV SER L TELEPHONE & DATA COM USD0.01 879433100 11,446 141,470 SH sole 141,470 SYSTEMS INC TELEPHONE DATA SYS COM 879433100 519 6,370 SH sole 6,370 TELLABS INC COM USD0.01 879664100 9,456 1,297,080 SH sole 1,297,080 TEVA PHARMACEUTICAL 881624209 40,257 1,299,416 SH sole 1,299,416 INDUSTRIESADR-EACH CNV INTO 1 ORD TEXAS INSTRUMENTS INC USD1 882508104 19,843 779,103 SH sole 779,103 TIME WARNER INC USD0.01 887317105 17,008 970,766 SH sole 970,766 TORCHMARK CORP COM USD1 891027104 11,816 226,630 SH sole 226,630 TYCO INTERNATIONAL USD0.20 STK COM 902124106 62,034 1,835,312 SH sole 1,835,312 PAGE TOTAL: 527,948 TYCO INT NEW COM 902124106 44,424 1,314,320 SH sole 1,314,320 UST INC COM STK USD0.50 902911106 26,551 513,650 SH sole 513,650 UST COM 902911106 1,183 22,880 SH sole 22,880 US BANCORP USD1.25 902973304 34,184 1,187,789 SH sole 1,187,789 UNION PACIFIC CORP COM STK USD2.50 907818108 337 4,840 SH sole 4,840 UNITED MICRO ADR 910873207 1,405 419,230 SH sole 419,230 ELECTRONICS UNITED PARCEL SERVICES AM INC USD0.1 911312106 142 1,960 SH sole 1,960 UNITED TECHNOLOGIES USD5 913017109 31,999 315,138 SH sole 315,138 CORP COM VERITAS SOFTWARE COM USD0.001 923436109 36 1,566 SH sole 1,566 VIACOM INC-CL B USD0.01 925524308 24,613 706,866 SH sole 706,866 VICURON PHARM COM 926471103 5,077 32,173 SH sole 32,173 VORNADO REALTY TRUST USD0.04 COM STK 929042109 43,869 633,300 SH sole 633,300 WACHOVIA CORPORATION USD3.333 929903102 53,308 1,047,314 SH sole 1,047,314 WALMART STORES INC COM STOCK USD0.10 931142103 61,176 1,221,083 SH sole 1,221,083 WALGREEN CO COM STK USD007812 931422109 3,973 89,501 SH sole 89,501 WASHINGTON MUTUAL INC NPV COM 939322103 12,505 316,569 SH sole 316,569 WEINGARTEN REALTY SHS OF BEN INT 948741103 19,263 559,000 SH sole 559,000 INVESTORS USD0.03 WELLS FARGO & COMPANY USD 1 2/3 949746101 41,838 699,758 SH sole 699,758 COMMON WENDYS INTERNATIONAL 950590109 1,953 50,110 SH sole 50,110 INCORPOR USD0.10 COM WEYERHAEUSER CO COM STK USD1.25 962166104 36,865 538,250 SH sole 538,250 WHIRLPOOL CORP COM USD1 963320106 11,906 175,810 SH sole 175,810 WHOLE FOODS MKT COM 966837106 2,755 26,980 SH sole 26,980 WILLIAMS COMPANIES INC COM USD1 969457100 11,974 636,940 SH sole 636,940 WILLIAMS-SONOMA COM 969904101 5,784 157,640 SH sole 157,640 WYETH USD0.333 COM 983024100 33,791 801,290 SH sole 801,290 XEROX CORP COM STK USD1 984121103 12,319 813,120 SH sole 813,120 YAHOO! INC USD0.00017 984332106 20,080 591,940 SH sole 591,940 YUM! BRANDS INC NPV 988498101 71 1,380 SH sole 1,380 DUN & BRADSTREET CORP USD0.01 26483E100 12,917 210,370 SH sole 210,370 NEWS CORP INC CL A USD0.01 65248E104 31,786 1,879,392 SH sole 1,879,392 BOOKHAM W/I COM 09856E105 12 3,917 SH sole 3,917 BRE PROPERTIES USD0.01 CLASS A 05564E106 14,200 402,600 SH sole 402,600 INCORPORATED COM STK TELEMIG CELULAR 87944E105 1,013 35,000 SH sole 35,000 PARTICIPACOES ADR TARGET CORP COM 87612E106 29,867 597,218 SH sole 597,218 AES CORPORATION COMMON STOCK 00130H105 64 3,880 SH sole 3,880 USD0.01 AMB PROPERTIES USD0.01 COM STK 00163T109 26,353 700,700 SH sole 700,700 CORPORATION ACTUANT CORPORATION USD0.20 CLASS A 00508X203 10,272 228,730 SH sole 228,730 AETNA INC NEW COM USD0.001 00817Y108 10,680 142,500 SH sole 142,500 AGERE SYSTEMS INC USD0.01 CLASS B 00845V209 0 2 SH sole 2 COM ALLIANT TECHSYSTEMS 2.75% 15/02/2024 018804AH7 4,827 5,510,000 PRN sole 5,510,000 CNV ALLIED CAPITAL USD0.0001 COM 01903Q108 10,760 412,410 SH sole 412,410 CORPORATION ALTRIA GROUP INC USD0.333333 COM 02209S103 68,970 1,055,071 SH sole 1,055,071 ALZA CORPORATION 0% 28/07/2020 02261WAB5 5,876 7,960,000 PRN sole 7,960,000 CNV SUB USD AMERICA MOVIL SA ADR EACH REP 20 02364W105 26,292 510,520 SH sole 510,520 SHS'L'NPV AMERICAN TOWER 3% 15/08/2012 CNV 029912AR3 5,047 5,800,000 PRN sole 5,800,000 AMGEN INC 0% CNV 031162AE0 5,777 11,360,000 PRN sole 11,360,000 01/03/2032 USD1000 ANDREW CORPORATION 3.25% 15/08/2013 034425AB4 6,865 7,669,400 PRN sole 7,669,400 REGS CNV TATNEFT ADR SPON ORD RUB0.10 03737P306 1,197 37,250 SH sole 37,250 LDN QUOTE AON CORP 3.5% 15/11/2012 037389AT0 5,172 5,340,000 PRN sole 5,340,000 CNV REGS APOLLO INVESTMENT CORP NPV 03761U106 11,132 663,780 SH sole 663,780 ARMOR HOLDINGS 2% 01/11/2024 CNV 042260AC3 4,694 6,000,000 PRN sole 6,000,000 BANCO SANTANDER ADR 05964H105 330 10,000 SH sole 10,000 BANKUNITED FINANCIAL USD0.01 COM 06652B103 13,567 505,110 SH sole 505,110 CORP CLASS A BEMA GOLD COM 08135F107 441 136,000 SH sole 136,000 BEST BUY 2.25% 15/01/2022 086516AF8 7,656 9,620,000 PRN sole 9,620,000 CNV BD REGS BIOGEN IDEC INC USD0.0005 09062X103 374 10,840 SH sole 10,840 PAGE TOTAL: 859,522 BIOTECH HOLDERS TRUST DEP RCPT REP 20 09067D201 2 15 SH sole 15 BOITECH IND. BURLINGTON NORTH SANTA 12189T104 12,503 231,890 SH sole 231,890 FE COR USD0.01 COM CB RICHARD ELLIS CL A 12497T101 2,292 65,700 SH sole 65,700 CNA SURETY CORPORATION COM STK NPV 12612L108 8,977 664,980 SH sole 664,980 CSX CORPORATION 0% CNV 126408GA5 4,292 5,860,000 PRN sole 5,860,000 30/10/2021 USD CADENCE DESIGN 0% 15/08/2023 CNV 127387AB4 7,865 9,220,000 PRN sole 9,220,000 CAMBIOR COM 13201L103 263 100,000 SH sole 100,000 CAPITAL ONE FINANCIAL USD0.01 14040H105 11,272 150,797 SH sole 150,797 CORP CAPITALSOURCE INC USD0.01 COM 14055X102 12,349 537,360 SH sole 537,360 CARDINAL HEALTH NPV 14149Y108 635 11,390 SH sole 11,390 CHUNGHWA TELECOM ADR EACH REPR 10 17133Q205 979 46,200 SH sole 46,200 ORD TWD10 CISCO SYSTEMS COM STK NPV 17275R102 77,547 4,432,320 SH sole 4,432,320 CITIZENS COMMUNICATIONS COM USD0.25 17453B101 12,492 965,371 SH sole 965,371 CLASS B COMCAST CORPORATION CLASS A COM USD1 20030N101 14,639 434,074 SH sole 434,074 ORD SHS COMCAST CORPORATION SPL A COM USD1 20030N200 199 5,957 SH sole 5,957 ORD SHS CIA BRAZILIERA DE 20440T201 26,403 1,260,902 SH sole 1,260,902 DISTRIBUICAO(PAO DE ACUCAR)ADR-REP1000 PRF COMP BEBIDAS AM SPON ADR 20441W203 4,990 173,200 SH sole 173,200 COMPUTER ASSOCIATES 5% 15/03/2007 204912AR0 7,258 8,570,000 PRN sole 8,570,000 INTL SNR CNV NTS USD CONOCOPHILLIPS USD1.25 COM 20825C104 20,148 186,952 SH sole 186,952 CONSTELLATION BRANDS CL A 21036P108 10,986 207,950 SH sole 207,950 COSTCO WHOLESALE USD0.01 22160K105 13,015 293,888 SH sole 293,888 CORPORATION CRYSTALLEX INTL COM 22942F101 424 100,000 SH sole 100,000 CYTOKINETICS USD0.001 23282W100 216 33,000 SH sole 33,000 DELL INC COM USD0.01 24702R101 77,325 2,012,627 SH sole 2,012,627 DEVON ENERGY USD0.10 25179M103 45,779 958,910 SH sole 958,910 CORPORATION DIAMOND OFFSHORE USD0.01 25271C102 8,187 164,530 SH sole 164,530 DRILLING DIOMED HLDGS COM 25454R207 22 5,600 SH sole 5,600 DIRECTV GROUP INC USD 0.01 25459L106 14,951 1,037,549 SH sole 1,037,549 DB WALT DISNEY HLDG 2.125% 254687AU0 15,003 16,840,000 PRN sole 16,840,000 15/04/2023 CNV SNR NTS DOMINION RESOURCES VIR COM NPV 25746U109 2,593 34,845 SH sole 34,845 DB DOMINION RESOURCES 2.125% 25746UAT6 2,205 2,720,000 PRN sole 2,720,000 15/12/2023 CNV DORAL FINANCIAL CORP USD1 25811P100 5,227 239,110 SH sole 239,110 ENSCO INTERNATIONAL INC COM USD0.10 26874Q100 226 6,000 SH sole 6,000 ECHOSTAR 5.75% 15/05/2008 278762AG4 187 185,000 PRN sole 185,000 COMMUNICATIONS CORP CNV BDS EL PASO CORPORATION USD3 28336L109 8,726 825,510 SH sole 825,510 EMPRESA NACIONAL DE 29244T101 976 49,109 SH sole 49,109 ELECTRICID(CHILE) ADS ENBRIDGE COM 29250N105 1,687 27,120 SH sole 27,120 ENERGIZER HOLDINGS USD0.01 COM 29266R108 1,974 33,030 SH sole 33,030 ENERSIS SA SPONS ADR REP 50 29274F104 16,569 1,979,600 SH sole 1,979,600 COM NPV ENTERGY CORP COM STK USD0.01 29364G103 809 11,450 SH sole 11,450 EQUITY RESIDENTIAL USD0.01 SHS OF 29476L107 14,456 449,100 SH sole 449,100 BENEFICIAL INT EXELON CORPORATION NPV COM 30161N101 11,020 240,294 SH sole 240,294 EXXON MOBIL CORP NPV 30231G102 235,270 3,948,144 SH sole 3,948,144 FEDERATED DEPARTMENT COM USD0.01 31410H101 29,749 467,452 SH sole 467,452 STORE FEDEX CORPORATION USD 0.10 COM 31428X106 12,674 134,980 SH sole 134,980 FIRSTCITY FINANCIAL USD0.01 33761X107 5,118 401,450 SH sole 401,450 FREEPORT-MCMORAN USD0.10 CLASS B 35671D857 9,091 229,680 SH sole 229,680 COPPER&GOLD COM FREESCALE SEMICONDUCTOR USD0.01 COM STK 35687M206 332 19,242 SH sole 19,242 CLASS B GAP INC 5.75% 15/03/2009 364760AJ7 189 140,000 PRN sole 140,000 CNV USD GENERAL MILLS 0% 28/10/2022 370334AU8 5,221 10,650,000 PRN sole 10,650,000 GENESIS HEALTHCARE CORP COM USD0.01 37184D101 11,693 272,685 SH sole 272,685 GOLDMAN SACHS GROUP INC USD0.01 38141G104 42,920 390,323 SH sole 390,323 GRUPO TELEVISA SA SPON ADR REP 20 40049J206 27,400 467,098 SH sole 467,098 ORD PTG CERTS HDFC BANK INR10 ADR EACH 40415F101 12,342 295,140 SH sole 295,140 REPR3 MGT HARVEST NATURAL 41754V103 9,583 809,400 SH sole 809,400 RESOURCES INC USD0.01 COM PAGE TOTAL: 879,250 DO HEALTH MANAGEMENT 1.5% 01/08/2023 421933AF9 3,348 2,793,300 PRN sole 2,793,300 ASSOC CNV HEALTHTRONICS INC COM NPV 42222L107 1,955 180,210 SH sole 180,210 HOST MARRIOTT USD1 COM STK 44107P104 8,866 535,700 SH sole 535,700 CORPORATION HUB INTERNATIONAL LTD NPV 44332P101 6,029 314,480 SH sole 314,480 IAC/INTERACTIVE CORP USD0.01 44919P102 31 1,400 SH sole 1,400 ICON PLC ADR EACH 1 REP 1 45103T107 450 12,000 SH sole 12,000 SHR SPON ICICI BANK ADR REP 2 ORD 45104G104 26,929 1,306,640 SH sole 1,306,640 INR10 SPON DB INCO LTD LYON 0% 29/03/2021 453258AM7 5,584 6,600,000 PRN sole 6,600,000 CNV USD1000 INCYTE CORP USD0.001 45337C102 203 30,000 SH sole 30,000 INSIGHT COMMUNICATIONS USD0.01 45768V108 474 40,140 SH sole 40,140 CO DB INTERNATIONAL PAPER 0% 20/06/2021 460146BM4 3,377 7,080,000 PRN sole 7,080,000 CO CNV USD1000 INTERNET HOLDERS TRUST SBI 46059W102 2 35 SH sole 35 INVITROGEN CORP COM USD0.01 46185R100 11,961 172,870 SH sole 172,870 DB INVITROGEN 2% 01/08/2023 CNV 46185RAJ9 5,460 5,700,000 PRN sole 5,700,000 IONA TECHNOLOGIES PLC ADS REP 1 ORD 46206P109 2,004 500,887 SH sole 500,887 EUR0.0025 JONES LANG LASALLE INC USD0.01 48020Q107 6,298 135,290 SH sole 135,290 JUNIPER NETWORKS INC USD0.00001 COM 48203R104 62 2,820 SH sole 2,820 STK KT CORPORATION ADR REP 0.5 ORD 48268K101 16,445 772,090 SH sole 772,090 KRW5000 KB HOME USD1 48666K109 15,967 135,970 SH sole 135,970 KEYSPAN CORPORATION USD0.01 49337W100 137 3,515 SH sole 3,515 KILROY REALTY USD0.01 COM STK 49427F108 19,583 478,800 SH sole 478,800 CORPORATION KIMCO REALTY USD0.01 COM STK 49446R109 33,722 625,750 SH sole 625,750 CORPORATION KONGZHONG CORP SPON ADR 50047P104 160 20,000 SH sole 20,000 KOOKMIN BANK KRW5000 ORD SP 50049M109 1,587 35,660 SH sole 35,660 ADR EA REP1 LA QUINTA CORP USD0.01 50419U202 1,983 233,600 SH sole 233,600 DB LEAR CORPORATION 0% 20/02/2022 SR 521865AG0 6,176 16,400,000 PRN sole 16,400,000 CNV NT USD DB LIBERTY MEDIA CORP 3.25% SR DEB 530715AR2 8,782 12,840,000 PRN sole 12,840,000 15/03/2031 USD DB LIBERTY MEDIA 0.75% 30/03/2023 530718AF2 3,241 4,320,000 PRN sole 4,320,000 CNV REGS LIFEPOINT HOSPITALS INC USD0.01 53219L109 9,976 228,500 SH sole 228,500 DB LOWES COMPANIES 0.861% 548661CG0 4,843 5,835,000 PRN sole 5,835,000 19/10/2021 CNV M&T BANK CORP USD0.50 55261F104 58 570 SH sole 570 MBIA INCORPORATED USD1 55262C100 13,712 262,420 SH sole 262,420 MBNA CORPORATION COM USD0.01 55262L100 14,724 600,030 SH sole 600,030 MANPOWER INC USD0.01 56418H100 2,836 65,170 SH sole 65,170 DB MANPOWER INC 0% 17/08/2021 CV 56418HAC4 1,044 3,400,000 PRN sole 3,400,000 DEB USD1000 MANULIFE FINL CORP COM 56501R106 1,005 17,410 SH sole 17,410 DB MASCO CORP 0% 20/07/2031 CNV 574599BB1 14,647 37,900,000 PRN sole 37,900,000 MEDCO HEALTH SOLUTIONS USD0.01 58405U102 26,092 526,780 SH sole 526,780 DB MEDTRONICS 1.25% 15/09/2021 585055AD8 13,819 11,994,079 PRN sole 11,994,079 B CNV MELLON FINANCIAL CORP COM USD0.50 58551A108 773 27,106 SH sole 27,106 DB MERRILL LYNCH & CO FRN 13/03/2032 590188W46 13,769 17,250,000 PRN sole 17,250,000 CNV METALLICA RES COM 59125J104 187 120,000 SH sole 120,000 METLIFE INCORPORATED USD0.01 COM 59156R108 21,180 542,194 SH sole 542,194 NTL INC USD0.01 COM 62940M104 10,897 171,300 SH sole 171,300 NVR INC COM USD0.01 62944T105 13,499 17,196 SH sole 17,196 NEXTEL COMMUNICATIONS COM USD0.001 65332V103 20,920 736,068 SH sole 736,068 INC-A NOVELIS INC COM NPV 67000X106 121 5,528 SH sole 5,528 DB OMNICOM GROUP 0% 15/06/2033 681919AR7 6,250 8,250,000 PRN sole 8,250,000 REGS CNV VIMPEL COMMUNICATIONS SPON ADR 4 REP 3 68370R109 15,893 462,544 SH sole 462,544 ORD RUB VIMPELCOM SPON ADR 68370R109 227 6,600 SH sole 6,600 ORACLE SYSTEMS COM STK USD0.01 68389X105 32,414 2,599,392 SH sole 2,599,392 CORPORATION PG&E CORP NPV 69331C108 324 9,520 SH sole 9,520 PMI GROUP USD0.01 69344M101 11,243 295,870 SH sole 295,870 DB PMI GROUP INC 2.5% 15/07/2021 69344MAE1 3,422 4,130,000 PRN sole 4,130,000 SR CV DB USD PETROBRAS SPON ADR 71654V101 574 14,921 SH sole 14,921 PETROBRAS SPON ADR 71654V408 4,312 97,895 SH sole 97,895 PAGE TOTAL: 449,577 PHARMACEUTICAL TST DEP REC 71712A206 410 5,700 SH sole 5,700 POTASH CORP OF NPV COM STK US 73755L107 24,289 277,580 SH sole 277,580 SASKATCHEWAN LISTING PRAXAIR INC COM USD0.01 74005P104 26,436 552,486 SH sole 552,486 PRIDE INTERNATIONAL INC NPV NEW COM 74153Q102 15,028 605,980 SH sole 605,980 PROASSURANCE CORP USD0.01 COM 74267C106 7,904 201,320 SH sole 201,320 PUBLIC STORAGE USD0.10 COM STK 74460D109 505 8,870 SH sole 8,870 INCORPORATED RECKSON ASSOCIATES 75621K106 20,835 679,100 SH sole 679,100 REALTY CORPUSD0.01 COM STK ROYAL CARIBBEAN CRUISES 0% 02/02/2021 780153AK8 1,838 3,500,000 PRN sole 3,500,000 NTS USD1000 SBC COMMUNICATION COM STK USD1 78387G103 19,495 823,252 SH sole 823,252 SK TELECOM CO LTD SPN ADR REP 1/9 78440P108 22,769 1,157,570 SH sole 1,157,570 OF SHR KRW500 SK TELECOM ADR SPON ADR 78440P108 1,141 5,800 SH sole 5,800 SL GREEN REALTY USD0.01 COM STK 78440X101 21,531 384,200 SH sole 384,200 CORPORATION SLM CORP USD0.20 78442P106 5,591 112,368 SH sole 112,368 SPDR TRUST NPV UNIT SERIES 1 78462F103 71,740 608,290 SH sole 608,290 SRI/SURGICAL EXPRESS COM USD0.001 78464W104 1,772 380,256 SH sole 380,256 INC SAXON CAPITAL INC NEW COM USD0.01 80556T106 7,970 464,970 SH sole 464,970 DBSCHLUMBERGER 1.5% 806857AC2 5,419 7,183,000 PRN sole 7,183,000 01/06/2023 SHURGARD STORAGE USD0.001 CL A COM 82567D104 16,144 395,600 SH sole 395,600 SONIC AUTOMOTIVE INC COM USD0.01 CL 83545G102 5,322 234,980 SH sole 234,980 'A' STARWOOD HTLS PAIRED CTF 85590A203 1,660 27,690 SH sole 27,690 STEREOTAXIS INC USD0.001 COM STK 85916J102 193 25,000 SH sole 25,000 DB TJX XOS INCORPORATED 0% 13/02/2021 872540AL3 4,938 7,640,000 PRN sole 7,640,000 CNV NTS USD1000 TELELESTE CELULAR 87943B102 9 1,088 SH sole 1,088 PARTIC ADR TELESP CELULAR ADR 87952L108 9,696 1,621,379 SH sole 1,621,379 PARTICIPACOES DB TERADYNE INC 3.75% 15/10/2006 880770AD4 3,690 4,569,000 PRN sole 4,569,000 CNV BD 3M COMPANY USD0.01 COM 88579Y101 30,791 359,338 SH sole 359,338 TELECELULAR SUL 88706P106 3,946 263,037 SH sole 263,037 PARTICIPACOES ADR TIM PARTICIPACOES SPON ADR PFD 88706P106 381 25,426 SH sole 25,426 TIM HELLAS ADR REPR 1 ORD 88706Q104 8,760 417,920 SH sole 417,920 TELECOMMUNICATION GRD500 TYCO INTERNATIONAL 2.75% 15/01/2018 902118BF4 6,084 5,925,000 PRN sole 5,925,000 CNV BD REGS UNITED HEALTHCARE GROUP COM STK USD0.01 91324P102 44,660 468,283 SH sole 468,283 UNIVERSAL HEALTH 0.426% 913903AL4 7,221 14,400,000 PRN sole 14,400,000 SERVICES 23/06/2020 CNV BOND DB UTSTARCOM 0.875% 01/03/08 918076AB6 6,792 10,400,000 PRN sole 10,400,000 CNV VAIL RESORTS INC COM STK USD0.01 91879Q109 11,155 442,310 SH sole 442,310 VALEANT USD0.01 91911X104 158 7,000 SH sole 7,000 PHARMACEUTICALS INTL VERIZON COMMS COM 92343V104 31,710 894,240 SH sole 894,240 DB WASTE CONNECTIONS FRN 01/05/2022 941053AE0 9,997 10,860,000 PRN sole 10,860,000 WASTE MANAGEMENT INC COM STOCK USD0.01 94106L109 66 2,280 SH sole 2,280 WELLPOINT INC USD0.01 COM 94973V107 27,429 219,084 SH sole 219,084 ZIMMER HOLDINGS INC USD0.01 COM 98956P102 24,657 316,975 SH sole 316,975 ACE LTD ORD G0070K103 4,087 99,100 SH sole 99,100 ACCENTURE CLASS A G1150G111 4,518 187,100 SH sole 187,100 COOPER INDS CL A G24182100 634 8,870 SH sole 8,870 CREDICORP COM G2519Y108 379 22,000 SH sole 22,000 INGERSOLL RAND CL A G4776G101 15,381 193,180 SH sole 193,180 NABORS INDS SHS G6359F103 12,485 211,260 SH sole 211,260 TRANSOCEAN ORD G90078109 437 8,500 SH sole 8,500 CHECK POINT SOFTWARE ORD M22465104 899 41,352 SH sole 41,352 BANCO LATINOAMERICANO CL E P16994332 449 22,000 SH sole 22,000 PAGE TOTAL: 549,402 GRAND TOTAL: 8,265,882
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