13F-HR 1 form13fhr.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: 3/31/2011 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 Scotland, UK Form 13F File Number: 28-11312 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Marrack Tonkin Title: Company Secretary Phone: 44 131 718 1247 Signature, Place, and Date of Signing: /s/ Marrack Tonkin Edinburgh, Scotland 5/12/2011 --------------------------------- --------------------------------- ---------- [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: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 666 Form 13F Information Table Value Total: $ 6,369,972 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- 3M USD.01 88579Y101 53531 572529 SH SOLE N/A 572529 0 0 3M 0.000% CONV 88579YAB7 352 374000 PRN SOLE N/A 374000 0 0 21/11/32 ABB ADR 000375204 1855 76700 SH SOLE N/A 76700 0 0 ABBOTT LABORATORIES NPV 002824100 16810 342704 SH SOLE N/A 342704 0 0 ACCENTURE CL A G1151C101 36404 662256 SH SOLE N/A 662256 0 0 ACE CHF30.57 H0023R105 47520 734462 SH SOLE N/A 734462 0 0 ACI WORLDWIDE USD0.005 004498101 10419 317760 SH SOLE N/A 317760 0 0 ACTUANT A USD0.20 00508X203 10044 346333 SH SOLE N/A 346333 0 0 ADOBE SYSTEMS USD0.0001 00724F101 500 15068 SH SOLE N/A 15068 0 0 ADVANCED MICRO DEVICES USD0.01 007903107 1279 148716 SH SOLE N/A 148716 0 0 AECOM TECHNOLOGY COM 00766T100 2943 106140 SH SOLE N/A 106140 0 0 AES CORPORATION USD0.01 00130H105 408 31438 SH SOLE N/A 31438 0 0 AETNA USD.01 00817Y108 29598 790749 SH SOLE N/A 790749 0 0 AFLAC USD0.1 001055102 12473 236313 SH SOLE N/A 236313 0 0 AGCO CORP USD 0.01 001084102 9349 170080 SH SOLE N/A 170080 0 0 AGCO CORP 1.250% CONV 001084AM4 8135 5485000 PRN SOLE N/A 5485000 0 0 15/12/36 AGILENT TECHNOLOGIES USD0.01 00846U101 9169 204765 SH SOLE N/A 204765 0 0 AIR PRODUCTS & CHEMICALS USD1 009158106 12545 139110 SH SOLE N/A 139110 0 0 AIRGAS USD0.01 009363102 11253 169426 SH SOLE N/A 169426 0 0 AKAMAI TECHNOLOGIES USD0.01 00971T101 205 5389 SH SOLE N/A 5389 0 0 ALCOA INC USD1 013817101 559 31680 SH SOLE N/A 31680 0 0 ALLEGHANY USD1.00 017175100 10604 32085 SH SOLE N/A 32085 0 0 ALLEGHENY TECH 4.250% CONV 01741RAD4 9042 5100000 PRN SOLE N/A 5100000 0 0 01/06/14 ALLEGHENY TECHNOLOGIES USD0.10 01741R102 8605 127072 SH SOLE N/A 127072 0 0 ALLERGAN USD0.01 018490102 3203 45112 SH SOLE N/A 45112 0 0 ALLIANCE DATA SYSTEM 1.750% CONV 018581AD0 6988 5800000 PRN SOLE N/A 5800000 0 0 01/08/13 ALLSTATE CORP USD0.01 020002101 6543 205869 SH SOLE N/A 205869 0 0 ALPHA NATURAL 2.375% CONV 02076XAA0 6882 5050000 PRN SOLE N/A 5050000 0 0 15/04/15 ALTERA CORPORATION USD0.001 021441100 1687 38337 SH SOLE N/A 38337 0 0 ALTRIA GROUP USD0.333 02209S103 7943 305249 SH SOLE N/A 305249 0 0 AMAZON.COM USD.01 023135106 31759 176311 SH SOLE N/A 176311 0 0 AMBEV ADR 20441W203 9618 339730 SH SOLE N/A 339730 0 0 AMDOCS GBP0.01 G02602103 18169 629772 SH SOLE N/A 629772 0 0 AMEDISYS USD0.001 023436108 11032 315637 SH SOLE N/A 315637 0 0 AMETEK INC NEW COM 031100100 684 15600 SH SOLE N/A 15600 0 0 AMEREN CORPORATION USD0.01 023608102 210 7479 SH SOLE N/A 7479 0 0 AMERICA MOVIL SAB DE CV ADR 02364W105 85593 1473708 SH SOLE N/A 1473708 0 0 AMERICAN ELECTRIC POWER USD6.5 025537101 1779 50612 SH SOLE N/A 50612 0 0 AMERICAN EXPRESS USD0.20 025816109 29274 647662 SH SOLE N/A 647662 0 0 AMERICAN RAILCAR IND USD0.01 02916P103 10850 434880 SH SOLE N/A 434880 0 0 AMERICAN TOWER USD0.01 CLASS A 029912201 6346 122454 SH SOLE N/A 122454 0 0 AMERICAN WATER WORKS CO INC USD0.01 030420103 12618 450000 SH SOLE N/A 450000 0 0 AMERICAS CAR MART USD0.01 03062T105 9283 360222 SH SOLE N/A 360222 0 0 AMERIPRISE FINANCIAL USD0.01 03076C106 2497 40879 SH SOLE N/A 40879 0 0 AMERISOURCEBERGEN USD.01 03073E105 326 8244 SH SOLE N/A 8244 0 0 AMERITRADE HOLDING USD0.01 87236Y108 411 19700 SH SOLE N/A 19700 0 0 AMGEN 0.375% CONV 031162AQ3 23165 23300000 PRN SOLE N/A 23300000 0 0 01/02/13 AMGEN INC USD0.0001 031162100 2268 42431 SH SOLE N/A 42431 0 0 AMPHENOL CORP USD.001 CLASS A 032095101 285 5241 SH SOLE N/A 5241 0 0 AMYRIS INC COM 03236M101 1425 50000 SH SOLE N/A 50000 0 0 ANADARKO PETROLEUM USD0.1 032511107 1213 14806 SH SOLE N/A 14806 0 0 ANALOG DEVICES USD0.167 032654105 346 8785 SH SOLE N/A 8785 0 0 ANDERSONS NPV 034164103 5988 122906 SH SOLE N/A 122906 0 0 ANGLOGOLD ASHANTI ADR 035128206 614 12800 SH SOLE N/A 12800 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- AON CORP USD1 037389103 529 9983 SH SOLE N/A 9983 0 0 APACHE USD0.625 037411105 2398 18317 SH SOLE N/A 18317 0 0 APOLLO GRP NPV CLASS A 037604105 30457 730734 SH SOLE N/A 730734 0 0 APPLE INC NPV 037833100 84055 241185 SH SOLE N/A 241185 0 0 APPLIED MATERIALS USD0.01 038222105 619 39642 SH SOLE N/A 39642 0 0 ARCH COAL USD0.01 039380100 12815 355564 SH SOLE N/A 355564 0 0 ARCHER DANIELS 0.875% CONV 039483AW2 4052 3650000 PRN SOLE N/A 3650000 0 0 15/02/14 ARCHER-DANIELS-MIDLAND NPV 039483102 4673 129778 SH SOLE N/A 129778 0 0 ASTEC INDUSTRIES USD0.20 046224101 9634 258427 SH SOLE N/A 258427 0 0 AT&T USD1 00206R102 13526 442015 SH SOLE N/A 442015 0 0 ATLANTIC TELE NETWORK USD.01 049079205 12025 324474 SH SOLE N/A 324474 0 0 AUTODESK USD0.01 052769106 753 17082 SH SOLE N/A 17082 0 0 AUTOMATIC DATA PROCESSING USD0.1 053015103 3987 77722 SH SOLE N/A 77722 0 0 AUTOZONE USD0.01 053332102 236 862 SH SOLE N/A 862 0 0 AVALONBAY COMMUNITY USD0.01 REITS 053484101 309 2575 SH SOLE N/A 2575 0 0 AVON PRODUCTS USD0.25 054303102 355 13113 SH SOLE N/A 13113 0 0 BAIDU INC USD0.2 ADR 056752108 7549 54800 SH SOLE N/A 54800 0 0 BAKER HUGHES USD1.00 057224107 18966 258288 SH SOLE N/A 258288 0 0 BANCO MACRO ADR NPV 05961W105 505 12627 SH SOLE N/A 12627 0 0 BANCO SANTANDER BRASIL ADR NPV 05967A107 630 51400 SH SOLE N/A 51400 0 0 BANCO SANTANDER CHILE ADR 05965X109 2418 27874 SH SOLE N/A 27874 0 0 BANK OF AMERICA USD0.01 060505104 21312 1598788 SH SOLE N/A 1598788 0 0 BANK OF NEW YORK MELLON USD7.5 064058100 30666 1026657 SH SOLE N/A 1026657 0 0 BARD C.R. USD0.25 067383109 275 2769 SH SOLE N/A 2769 0 0 BARRICK GOLD CORP NPV 067901108 714 13754 SH SOLE N/A 13754 0 0 BAXTER INTERNATIONAL USD1 071813109 8332 154956 SH SOLE N/A 154956 0 0 BAYTEX ENERGY CORP COM 07317Q105 1123 20500 SH SOLE N/A 20500 0 0 BB&T CORPORATION USD5 054937107 581 21174 SH SOLE N/A 21174 0 0 BECKMAN COULTER 2.500% CONV 075811AD1 4448 3750000 PRN SOLE N/A 3750000 0 0 15/12/36 BECTON DICKINSON USD1 075887109 537 6747 SH SOLE N/A 6747 0 0 BED BATH & BEYOND USD0.01 075896100 2864 59327 SH SOLE N/A 59327 0 0 BERKSHIRE HATHAWAY INC USD0.0033 084670702 4347 51976 SH SOLE N/A 51976 0 0 BEST BUY USD0.1 086516101 278 9696 SH SOLE N/A 9696 0 0 BEST BUY 2.250% CONV 086516AF8 6668 6536000 PRN SOLE N/A 6536000 0 0 15/01/22 BIOGEN IDEC USD0.0005 09062X103 2621 35680 SH SOLE N/A 35680 0 0 BK OF AMERICA 7.250% CONV SER 060505682 37330 36979 PRN SOLE N/A 36979 0 0 L 31/12/49 BMC SOFTWARE USD0.01 055921100 264 5306 SH SOLE N/A 5306 0 0 BOEING USD5 097023105 42176 570483 SH SOLE N/A 570483 0 0 BOSTON PROPERTIES USD0.01 REITS 101121101 394 4153 SH SOLE N/A 4153 0 0 BOSTON PROPERTIES 2.875% CONV 10112RAK0 1805 1780000 PRN SOLE N/A 1780000 0 0 15/02/37 BOSTON PROPERTIES 3.750% CONV 10112RAG9 2185 1875000 PRN SOLE N/A 1875000 0 0 15/05/36 BOSTON SCIENTIFIC USD0.01 101137107 322 44730 SH SOLE N/A 44730 0 0 BOTTOMLINE TECHNOLOGIES USD0.001 101388106 10386 413620 SH SOLE N/A 413620 0 0 BP ADR 055622104 6483 146870 SH SOLE N/A 146870 0 0 BRASIL FOODS SA ADR 10552T107 1581 82800 SH SOLE N/A 82800 0 0 BRISTOL-MYERS SQUIBB USD0.10 110122108 5080 192205 SH SOLE N/A 192205 0 0 BROADCOM CORPORATION USD0.0001 A 111320107 4364 110830 SH SOLE N/A 110830 0 0 SHARES BROWN & BROWN USD0.1 115236101 9134 354023 SH SOLE N/A 354023 0 0 BROWN-FORMAN USD0.15 115637209 218 3193 SH SOLE N/A 3193 0 0 CADIZ LTD USD0.01 127537207 2926 240000 SH SOLE N/A 240000 0 0 CAL DIVE INTERNATIONAL USD0.01 12802T101 9232 1324499 SH SOLE N/A 1324499 0 0 CALGON CARBON USD.01 129603106 575 36232 SH SOLE N/A 36232 0 0 CALIFORNIA WATER SERVICE USD0.01 130788102 10605 285301 SH SOLE N/A 285301 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- CAMERON INTL USD0.01 13342B105 3319 58130 SH SOLE N/A 58130 0 0 CAMERON INTL 2.500% CONV 13342BAB1 14957 9170000 PRN SOLE N/A 9170000 0 0 15/06/26 CANADIAN PACIFIC RAILWAY LD COM 13645T100 642 10006 SH SOLE N/A 10006 0 0 CAPITAL ONE FINANCIAL USD0.01 14040H105 12754 245454 SH SOLE N/A 245454 0 0 CAPITALSOURCE USD0.01 14055X102 9509 1352669 SH SOLE N/A 1352669 0 0 CARDINAL FINANCIAL USD1 14149F109 8436 724155 SH SOLE N/A 724155 0 0 CARDINAL HEALTH NPV 14149Y108 5111 124270 SH SOLE N/A 124270 0 0 CAREER EDUCATION USD.01 141665109 10670 469638 SH SOLE N/A 469638 0 0 CARMAX USD0.5 143130102 720 22430 SH SOLE N/A 22430 0 0 CARNIVAL CORP USD.01 143658300 13399 349286 SH SOLE N/A 349286 0 0 CATERPILLAR USD1.00 149123101 18658 167562 SH SOLE N/A 167562 0 0 CB RICHARD ELLIS GROUP USD0.01 A SHARES 12497T101 2287 85706 SH SOLE N/A 85706 0 0 CBD PAO DE ACUCAR CIA ADR PREF SHS 20440T201 525 12517 SH SOLE N/A 12517 0 0 CBS CORP B SHARES USD0.01 124857202 511 20431 SH SOLE N/A 20431 0 0 CELGENE USD0.01 151020104 4662 80979 SH SOLE N/A 80979 0 0 CEMIG ADR 204409601 2906 150807 SH SOLE N/A 150807 0 0 CENTREPOINT ENERGY NPV 15189T107 229 13020 SH SOLE N/A 13020 0 0 CENTURYLINK INC USD1 156700106 376 9051 SH SOLE N/A 9051 0 0 CEPHALON USD0.01 156708109 1611 21172 SH SOLE N/A 21172 0 0 CEPHALON 2.500% CONV 156708AR0 6416 5300000 PRN SOLE N/A 5300000 0 0 01/05/14 CF INDUSTRIES USD0.01 125269100 289 2114 SH SOLE N/A 2114 0 0 CH ROBINSON USD0.1 12541W209 353 4758 SH SOLE N/A 4758 0 0 CHARLES SCHWAB USD0.01 808513105 1212 67229 SH SOLE N/A 67229 0 0 CHESAPEAKE ENERGY USD0.01 165167107 670 20002 SH SOLE N/A 20002 0 0 CHESAPEAKE ENERGY 2.750% CONV 165167BW6 19315 16529000 PRN SOLE N/A 16529000 0 0 15/11/35 CHEVRON CORPORTION USD0.75 166764100 19997 186144 SH SOLE N/A 186144 0 0 CHINA PETROLEUM & CHEM ADR 16941R108 271 2700 SH SOLE N/A 2700 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 708 2600 SH SOLE N/A 2600 0 0 CHIQUITA BRANDS 4.250% CONV 170032AT3 5963 5840000 PRN SOLE N/A 5840000 0 0 15/08/16 CHUBB CORPORATION USD1 171232101 36520 595656 SH SOLE N/A 595656 0 0 CIA SANEAMENTO BASICO DE ESTADO ADR 20441A102 14419 245474 SH SOLE N/A 245474 0 0 CIGNA USD0.25 125509109 358 8092 SH SOLE N/A 8092 0 0 CIMAREX ENERGY USD0.01 171798101 4160 36100 SH SOLE N/A 36100 0 0 CISCO SYSTEMS USD0.001 17275R102 15529 905454 SH SOLE N/A 905454 0 0 CITIGROUP INC USD0.01 172967101 23590 5337056 SH SOLE N/A 5337056 0 0 CITRIX SYSTEMS USD.001 177376100 405 5520 SH SOLE N/A 5520 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 19904 202526 SH SOLE N/A 202526 0 0 CLOROX COMPANY USD1 189054109 299 4271 SH SOLE N/A 4271 0 0 CME GROUP USD0.01 12572Q105 660 2189 SH SOLE N/A 2189 0 0 CMS ENERGY USD0.01 125896100 359 18274 SH SOLE N/A 18274 0 0 COACH USD0.01 189754104 3112 59803 SH SOLE N/A 59803 0 0 COCA COLA USD0.25 191216100 9588 144531 SH SOLE N/A 144531 0 0 COCA COLA ENTERPRISES USD1 19122T109 13986 512303 SH SOLE N/A 512303 0 0 CODEXIS INC USD0.0001 192005106 1182 100000 SH SOLE N/A 100000 0 0 COGNIZANT TECH SOLUTIONS USD.01 192446102 749 9203 SH SOLE N/A 9203 0 0 COLGATE PALMOLIVE USD1 194162103 9035 111875 SH SOLE N/A 111875 0 0 COMCAST CORP USD1 SPECIAL 20030N200 48918 2106708 SH SOLE N/A 2106708 0 0 CLASS A COMCAST CORPORATION USD0.01 CLASS A 20030N101 12359 499961 SH SOLE N/A 499961 0 0 COMPANHIA ENERGETICA DE MINAS GERAIS ADR 204409882 11950 828695 SH SOLE N/A 828695 0 0 COMPUTER ASSOCIATES INTL USD0.1 12673P105 15897 657719 SH SOLE N/A 657719 0 0 COMPUTER SCIENCES USD1 205363104 235 4827 SH SOLE N/A 4827 0 0 CONAGRA FOODS USD5.00 205887102 317 13330 SH SOLE N/A 13330 0 0 CONCHO RESOURCES INC USD0.001 20605P101 1502 14000 SH SOLE N/A 14000 0 0 CONN'S USD0.01 208242107 7976 1784436 SH SOLE N/A 1784436 0 0 CONOCOPHILLIPS USD0.01 20825C104 85627 1072216 SH SOLE N/A 1072216 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- CONSOL ENERGY USD0.01 20854P109 356 6639 SH SOLE N/A 6639 0 0 CONSOLIDATED EDISON USD0.10 209115104 754 14869 SH SOLE N/A 14869 0 0 CONSTELLATION ENERGY NPV 210371100 766 24595 SH SOLE N/A 24595 0 0 COPEL PFB ADR 20441B407 19177 690300 SH SOLE N/A 690300 0 0 CORNING USD0.50 219350105 9765 473358 SH SOLE N/A 473358 0 0 COSTCO WHOLESALE USD0.005 22160K105 6408 87397 SH SOLE N/A 87397 0 0 CPFL ENERGIA ADR 126153105 9598 109800 SH SOLE N/A 109800 0 0 CRA INTERNATIONAL NPV 12618T105 11791 410403 SH SOLE N/A 410403 0 0 CRAWFORD & COMPANY B SH USD1 224633107 8962 1886659 SH SOLE N/A 1886659 0 0 CRESUD SA SPONS ADR 226406106 4441 245347 SH SOLE N/A 245347 0 0 CROWN CASTLE INTERNATIONAL USD0.01 228227104 17029 400209 SH SOLE N/A 400209 0 0 CSN ADR 20440W105 2433 146054 SH SOLE N/A 146054 0 0 CSX CORPORATION USD1.00 126408103 882 11225 SH SOLE N/A 11225 0 0 CTRIP.COM INTERNATIONAL ADR 22943F100 295 7100 SH SOLE N/A 7100 0 0 CUMMINS USD2.5 231021106 753 6868 SH SOLE N/A 6868 0 0 CVS CAREMARK CORP USD0.01 126650100 10644 310144 SH SOLE N/A 310144 0 0 DANAHER CORP 0.000% CONV 235851AF9 17490 11660000 PRN SOLE N/A 11660000 0 0 22/01/21 DANAHER CORPORATION USD0.01 235851102 18460 355684 SH SOLE N/A 355684 0 0 DARDEN RESTAURANTS NPV 237194105 218 4444 SH SOLE N/A 4444 0 0 DAVITA USD0.001 23918K108 16236 189868 SH SOLE N/A 189868 0 0 DEERE & COMPANY USD1 244199105 27224 281065 SH SOLE N/A 281065 0 0 DELL USD0.01 24702R101 50584 3488555 SH SOLE N/A 3488555 0 0 DENBURY RESOURCES USD0.001 247916208 285 11668 SH SOLE N/A 11668 0 0 DESARROLLADORA HOMEX NPV ADR 25030W100 559 20500 SH SOLE N/A 20500 0 0 DEVON ENERGY USD.1 25179M103 1188 12949 SH SOLE N/A 12949 0 0 DEVRY USD0.01 251893103 10912 198155 SH SOLE N/A 198155 0 0 DIAGEO SPONSORED ADR 25243Q205 9718 127500 SH SOLE N/A 127500 0 0 DIRECTTV CLASS A 25490A101 41936 896075 SH SOLE N/A 896075 0 0 DISCOVER FINANCIAL USD0.01 254709108 386 16002 SH SOLE N/A 16002 0 0 DISCOVERY COMMS - C NPV 25470F302 1839 52250 SH SOLE N/A 52250 0 0 DISCOVERY COMMUNICATIONS USD0.01 25470F104 339 8489 SH SOLE N/A 8489 0 0 DOCTOR REDDY'S LABORATORIES ADR 256135203 1018 27297 SH SOLE N/A 27297 0 0 DOLLAR TREE STORES USD0.01 256746108 217 3900 SH SOLE N/A 3900 0 0 DOMINION 2.125% CONV 25746UAT6 10260 8071000 PRN SOLE N/A 8071000 0 0 15/12/23 DOMINION RESOURCES INC NPV 25746U109 1068 23892 SH SOLE N/A 23892 0 0 DOVER CORPORATION USD1 260003108 373 5672 SH SOLE N/A 5672 0 0 DOW CHEMICAL USD2.5 260543103 1338 35437 SH SOLE N/A 35437 0 0 DR HORTON USD0.01 23331A109 10440 896926 SH SOLE N/A 896926 0 0 DR HORTON 2.000% CONV 23331ABB4 7126 6350000 PRN SOLE N/A 6350000 0 0 15/05/14 DR PEPPER SNAPPLE USD0.01 26138E109 260 6996 SH SOLE N/A 6996 0 0 DTE ENERGY COMPANY NPV 233331107 21673 442853 SH SOLE N/A 442853 0 0 DU PONT (E.I) DE NEMOURS USD0.3 263534109 60392 1098633 SH SOLE N/A 1098633 0 0 DUKE ENERGY NPV 26441C105 1068 58818 SH SOLE N/A 58818 0 0 EASTMAN CHEMICAL USD0.01 277432100 231 2322 SH SOLE N/A 2322 0 0 EATON CORPORATION USD0.5 278058102 16030 289150 SH SOLE N/A 289150 0 0 EBAY USD.001 278642103 62940 2027701 SH SOLE N/A 2027701 0 0 ECOLAB USD1 278865100 354 6948 SH SOLE N/A 6948 0 0 EDISON INTERNATIONAL NPV 281020107 538 14695 SH SOLE N/A 14695 0 0 EDWARDS LIFESCIENCES CORP COM 28176E108 1067 12261 SH SOLE N/A 12261 0 0 EL PASO USD3 28336L109 374 20771 SH SOLE N/A 20771 0 0 ELAN CORPORATION SPONSORED ADR 284131208 4404 640180 SH SOLE N/A 640180 0 0 ELECTRONIC ARTS USD0.01 285512109 212 10868 SH SOLE N/A 10868 0 0 EMC CORP 1.750% CONV 268648AM4 46592 27761000 PRN SOLE N/A 27761000 0 0 01/12/13 EMC CORPORATION MASSACHUSETTS USD0.01 268648102 5105 192281 SH SOLE N/A 192281 0 0 EMERSON ELECTRIC USD.5 291011104 13272 227149 SH SOLE N/A 227149 0 0 EMPRESA NACIONAL DE ELECTRICIDAD ADS 29244T101 3756 67537 SH SOLE N/A 67537 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- ENERGEN CORP USD0.01 29265N108 10878 172340 SH SOLE N/A 172340 0 0 ENERPLUS CORP COM 292766102 743 25000 SH SOLE N/A 25000 0 0 ENERSIS SPONSORED ADR NPV 29274F104 4715 226461 SH SOLE N/A 226461 0 0 ENTERGY USD0.01 29364G103 6215 92470 SH SOLE N/A 92470 0 0 EOG RESOURCES USD0.01 26875P101 4716 39795 SH SOLE N/A 39795 0 0 EQUIFAX USD1.25 294429105 9435 242923 SH SOLE N/A 242923 0 0 EQUITABLE RESOURCES NPV 26884L109 228 4562 SH SOLE N/A 4562 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 487 8641 SH SOLE N/A 8641 0 0 ESTEE LAUDER USD0.01 518439104 336 3482 SH SOLE N/A 3482 0 0 EXELON CORP NPV 30161N101 10391 251955 SH SOLE N/A 251955 0 0 EXPEDITORS INTL OF WASHINGTON USD0.01 302130109 2330 46468 SH SOLE N/A 46468 0 0 EXPRESS SCRIPTS USD0.01 302182100 32143 577999 SH SOLE N/A 577999 0 0 EXXON MOBIL NPV 30231G102 147110 1748599 SH SOLE N/A 1748599 0 0 F5 NETWORKS USD0.01 315616102 1817 17721 SH SOLE N/A 17721 0 0 FAMILY DOLLAR STORES USD0.1 307000109 203 3962 SH SOLE N/A 3962 0 0 FASTENAL USD.01 311900104 4028 62144 SH SOLE N/A 62144 0 0 FEDEX USD0.10 31428X106 6788 72563 SH SOLE N/A 72563 0 0 FEMSA UNITS SPONSORED ADR 344419106 2348 40002 SH SOLE N/A 40002 0 0 FIBRIA CELULOSE SA SPON ADR 31573A109 8655 527400 SH SOLE N/A 527400 0 0 FIDELITY NATIONAL INFORMATION USD0.01 31620M106 279 8537 SH SOLE N/A 8537 0 0 FIFTH THIRD BANCORP NPV 316773100 376 27097 SH SOLE N/A 27097 0 0 FIRST ENERGY USD0.1 337932107 22436 604903 SH SOLE N/A 604903 0 0 FIRST SOLAR NPV 336433107 267 1658 SH SOLE N/A 1658 0 0 FISERV USD0.01 337738108 733 11694 SH SOLE N/A 11694 0 0 FLIR SYSTEMS USD.01 302445101 11350 328034 SH SOLE N/A 328034 0 0 FLOWERS FOODS INC USD0.01 343498101 10763 395280 SH SOLE N/A 395280 0 0 FLOWSERVE CORPORATION USD1.25 34354P105 224 1741 SH SOLE N/A 1741 0 0 FLUOR CORPORATION USD0.01 343412102 390 5290 SH SOLE N/A 5290 0 0 FMC CORP NEW 302491303 14630 172255 SH SOLE N/A 172255 0 0 FMC TECHNOLOGIES USD0.01 30249U101 2623 27765 SH SOLE N/A 27765 0 0 FOCUS MEDIA HOLDING ADR 34415V109 25977 846998 SH SOLE N/A 846998 0 0 FOOT LOCKER USD0.01 344849104 6091 308893 SH SOLE N/A 308893 0 0 FORD MOTOR COMPANY USD0.01 345370860 13018 873662 SH SOLE N/A 873662 0 0 FOREST LABORATORIES USD0.10 345838106 38305 1185921 SH SOLE N/A 1185921 0 0 FORTUNE BRANDS USD3.125 349631101 282 4553 SH SOLE N/A 4553 0 0 FRANKLIN RESOURCES USD0.10 354613101 8689 69469 SH SOLE N/A 69469 0 0 FREEPORT-MCMORAN COPPER & GOLD USD0.1 35671D857 17796 320362 SH SOLE N/A 320362 0 0 FRONTIER COMMUNICATIONS CORP USD0.25 35906A108 234 28487 SH SOLE N/A 28487 0 0 FTI CONSULTING USD0.01 302941109 6920 180535 SH SOLE N/A 180535 0 0 GANNETT USD1 364730101 1834 120422 SH SOLE N/A 120422 0 0 GAP USD0.05 364760108 291 12847 SH SOLE N/A 12847 0 0 GATX COM 361448103 9937 257047 SH SOLE N/A 257047 0 0 GENERAL CABLE CORP 4.500% CONV 369300AL2 7783 5470000 PRN SOLE N/A 5470000 0 0 15/11/29 GENERAL ELECTRIC USD0.06 369604103 79077 3943984 SH SOLE N/A 3943984 0 0 GENERAL MILLS USD0.1 370334104 712 19467 SH SOLE N/A 19467 0 0 GENERAL MOTORS CO COM 37045V100 307 9900 SH SOLE N/A 9900 0 0 GENESEE & WYOMING CL A USD.01 371559105 9954 171036 SH SOLE N/A 171036 0 0 GENUINE PARTS USD1.00 372460105 252 4693 SH SOLE N/A 4693 0 0 GENWORTH FINANCIAL USD0.001 CLASS A 37247D106 210 15654 SH SOLE N/A 15654 0 0 GENZYME USD0.01 372917104 581 7635 SH SOLE N/A 7635 0 0 GILEAD SCIENCES USD.001 375558103 1045 24604 SH SOLE N/A 24604 0 0 GILEAD SCIENCES 0.625% CONV 375558AH6 11144 9120000 PRN SOLE N/A 9120000 0 0 01/05/13 GLOBAL INDUSTRIES USD .01 379336100 9091 928552 SH SOLE N/A 928552 0 0 GOLDCORP INC 2.000% CONV 380956AB8 8615 7100000 PRN SOLE N/A 7100000 0 0 01/08/14 GOLDMAN SACHS GROUP USD0.01 38141G104 20685 130531 SH SOLE N/A 130531 0 0 GOODYEAR TIRE & RUBBER NPV 382550101 1184 79061 SH SOLE N/A 79061 0 0 GOOGLE USD0.001 CLS A 38259P508 47966 81822 SH SOLE N/A 81822 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- GRAINGER WW USD0.5 384802104 1988 14441 SH SOLE N/A 14441 0 0 GRUPO TELEVISA ADR 40049J206 2670 108862 SH SOLE N/A 108862 0 0 GULF RESOURCES USD.001 40251W309 1234 200000 SH SOLE N/A 200000 0 0 H&R BLOCK NPV 093671105 169 10116 SH SOLE N/A 10116 0 0 HAEMONETICS CORP USD0.01 405024100 7346 112081 SH SOLE N/A 112081 0 0 HALLIBURTON USD2.5 406216101 10238 205417 SH SOLE N/A 205417 0 0 HARLEY-DAVIDSON USD0.01 412822108 296 6965 SH SOLE N/A 6965 0 0 HARMAN INTERNATIONAL USD0.01 413086109 2358 50355 SH SOLE N/A 50355 0 0 HARSCO USD1.25 415864107 10005 283510 SH SOLE N/A 283510 0 0 HARTFORD FINANCIAL SERVICES USD.01 416515104 907 33675 SH SOLE N/A 33675 0 0 HARTFORD FINL SVCS GP 7.250% CONV 416515708 7194 276800 PRN SOLE N/A 276800 0 0 01/04/13 HARVARD BIOSCIENCE USD0.01 416906105 10717 1886713 SH SOLE N/A 1886713 0 0 HCA HOLDINGS USD0.01 40412C101 1684 49721 SH SOLE N/A 49721 0 0 HCC INSURANCE USD1 404132102 10493 335144 SH SOLE N/A 335144 0 0 HCP USD1 40414L109 464 12220 SH SOLE N/A 12220 0 0 HEALTH CARE REIT USD1 42217K106 289 5513 SH SOLE N/A 5513 0 0 HEALTH CARE REIT 3.000% CV 42217KAR7 8721 7680000 PRN SOLE N/A 7680000 0 0 01/12/21 HECKMANN CORP USD0.001 422680108 655 100000 SH SOLE N/A 100000 0 0 HELIX ENERGY SOLUTIONS NPV 42330P107 9295 540435 SH SOLE N/A 540435 0 0 HELMERICH & PAYNE USD0.1 423452101 216 3151 SH SOLE N/A 3151 0 0 HENRY SCHEIN USD0.01 806407102 12488 178044 SH SOLE N/A 178044 0 0 HERSHEY USD1 427866108 1847 33986 SH SOLE N/A 33986 0 0 HESS CORP USD1 42809H107 770 9039 SH SOLE N/A 9039 0 0 HEWLETT-PACKARD USD0.01 428236103 10524 256876 SH SOLE N/A 256876 0 0 HJ HEINZ USD0.25 423074103 457 9361 SH SOLE N/A 9361 0 0 HOME DEPOT USD0.05 437076102 7110 191852 SH SOLE N/A 191852 0 0 HONEYWELL INTERNATIONAL USD1 438516106 33031 553190 SH SOLE N/A 553190 0 0 HORIZON LINES USD0.01 44044K101 2015 2370142 SH SOLE N/A 2370142 0 0 HOSPIRA USD0.01 441060100 272 4924 SH SOLE N/A 4924 0 0 HOST MARRIOTT USD0.01 44107P104 366 20786 SH SOLE N/A 20786 0 0 HUDSON CITY BANCORP USD 0.01 443683107 150 15485 SH SOLE N/A 15485 0 0 HUMANA USD0.166 444859102 8800 125816 SH SOLE N/A 125816 0 0 HUNTINGTON BANCSHARES NPV 446150104 182 27353 SH SOLE N/A 27353 0 0 IAC/INTERACTIVE USD0.01 44919P508 8038 260294 SH SOLE N/A 260294 0 0 IAMGOLD CORP COM 450913108 4390 200000 SH SOLE N/A 200000 0 0 ICF INTERNATIONAL USD0.001 44925C103 9145 445870 SH SOLE N/A 445870 0 0 ICICI BANK ADR 45104G104 1271 25516 SH SOLE N/A 25516 0 0 ICON NPV SPONSORED ADR 45103T107 1048 48534 SH SOLE N/A 48534 0 0 ILLINOIS TOOL WORKS USD0.01 452308109 16841 313488 SH SOLE N/A 313488 0 0 INFORMATICA CORPORATION USD0.001 45666Q102 13219 253282 SH SOLE N/A 253282 0 0 INFOSYS TECHNOLOGIES ADR 456788108 53122 740992 SH SOLE N/A 740992 0 0 INSITUFORM TECHNOLOGIES USD0.01 457667103 3620 135547 SH SOLE N/A 135547 0 0 INTEL CORP 2.950% CONV 458140AD2 9533 9150000 PRN SOLE N/A 9150000 0 0 15/12/35 INTEL CORPORATION USD0.001 458140100 84079 4168524 SH SOLE N/A 4168524 0 0 INTERCONTINENTAL EXCHANGE USD0.01 45865V100 15405 124694 SH SOLE N/A 124694 0 0 INTERNATIONAL BUSINESS MACHINES USD0.20 459200101 15057 92336 SH SOLE N/A 92336 0 0 INTERNATIONAL PAPER USD1 460146103 32866 1088999 SH SOLE N/A 1088999 0 0 INTEROIL CORPORATION COM 460951106 8781 117638 SH SOLE N/A 117638 0 0 INTERPUBLIC GROUP OF COMPANIES USD0.10 460690100 207 16506 SH SOLE N/A 16506 0 0 INTL GAME TECH 3.25% CONV 459902AQ5 7220 6200000 PRN SOLE N/A 6200000 0 0 01/05/14 144A INTREPID POTASH USD0.001 46121Y102 8376 240608 SH SOLE N/A 240608 0 0 INTUIT USD0.01 461202103 978 18406 SH SOLE N/A 18406 0 0 INTUITIVE SURGICAL USD0.001 46120E602 428 1285 SH SOLE N/A 1285 0 0 INVITROGEN 1.500% CV 46185RAK6 6289 5430000 PRN SOLE N/A 5430000 0 0 15/02/24 IPATH MSCI INDIA INDEX ETN NPV 06739F291 237 3372 SH SOLE N/A 3372 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- ISHARES MSCI EMERGING MARKETS INDEX NPV 464287234 2819 60000 SH SOLE N/A 60000 0 0 ISHARES S&P500 ETF NPV 464287200 1481 11134 SH SOLE N/A 11134 0 0 ITAU UNIBANCO ADR 465562106 36515 1518279 SH SOLE N/A 1518279 0 0 ITT CORP USD1 450911102 8138 135522 SH SOLE N/A 135522 0 0 J C PENNEY USD0.50 708160106 254 7065 SH SOLE N/A 7065 0 0 JA SOLAR HLDGS USD0.0001 ADR 466090107 1201 171624 SH SOLE N/A 171624 0 0 JACOBS ENGINEERING USD1.00 469814107 209 4065 SH SOLE N/A 4065 0 0 JANUS CAPITAL GROUP INC 3.250% CONV 47102XAG0 7001 5850000 PRN SOLE N/A 5850000 0 0 15/07/14 JEFFERIES GROUP 3.875% CONV 472319AG7 7238 6890000 PRN SOLE N/A 6890000 0 0 01/11/29 JM SMUCKER NPV 832696405 251 3509 SH SOLE N/A 3509 0 0 JOHNSON & JOHNSON USD1 478160104 43516 734440 SH SOLE N/A 734440 0 0 JOHNSON CONTROLS USD0.04166 478366107 15338 368971 SH SOLE N/A 368971 0 0 JOY GLOBAL USD1 481165108 1400 14179 SH SOLE N/A 14179 0 0 JPMORGAN CHASE & COMPANY USD1 46625H100 17078 370456 SH SOLE N/A 370456 0 0 JUNIPER NETWORKS USD0.00001 48203R104 6343 150747 SH SOLE N/A 150747 0 0 KELLOGG USD0.25 487836108 10733 198832 SH SOLE N/A 198832 0 0 KEYCORP USD1 493267108 264 29708 SH SOLE N/A 29708 0 0 KIMBERLY-CLARK USD1.25 494368103 43234 662384 SH SOLE N/A 662384 0 0 KIMCO REALTY USD0.01 REITS 49446R109 226 12306 SH SOLE N/A 12306 0 0 KINROSS GOLD 1.750% 3 / 1 496902AD9 5569 5650000 PRN SOLE N/A 5650000 0 0 KINROSS GOLD COM NPV 496902404 2354 150000 SH SOLE N/A 150000 0 0 KIRBY USD0.1 497266106 9741 170030 SH SOLE N/A 170030 0 0 KLA-TENCOR CORP USD.001 482480100 246 5206 SH SOLE N/A 5206 0 0 KOHLS CORPORATION USD.01 500255104 608 11468 SH SOLE N/A 11468 0 0 KRAFT FOODS NPV 50075N104 1656 52796 SH SOLE N/A 52796 0 0 KROGER USD1 501044101 450 18754 SH SOLE N/A 18754 0 0 L-3 COMMUNICATIONS HOLDINGS USD0.01 502424104 5897 75300 SH SOLE N/A 75300 0 0 LABORATORY CORP OF AMERICA HLDGS USD0.1 50540R409 1583 17183 SH SOLE N/A 17183 0 0 LAS VEGAS SANDS USD0.001 517834107 12206 289100 SH SOLE N/A 289100 0 0 LEGG MASON USD0.1 524901105 4637 128510 SH SOLE N/A 128510 0 0 LEUCADIA NATIONAL USD1 527288104 240 6386 SH SOLE N/A 6386 0 0 LIBERTY GLOBAL C USD0.01 530555309 3750 93800 SH SOLE N/A 93800 0 0 LIBERTY MEDIA 3.125% CV 530718AF2 14915 12510000 PRN SOLE N/A 12510000 0 0 30/03/23 LIBERTY MEDIA 3.250% CV 530715AR2 5260 6341000 PRN SOLE N/A 6341000 0 0 15/03/31 LIBERTY MEDIA INTERACTIVE SERIES A 53071M104 11136 694700 SH SOLE N/A 694700 0 0 LIFE TECHNOLOGIES USD0.01 53217V109 283 5404 SH SOLE N/A 5404 0 0 LILLY (ELI) & CO NPV 532457108 10207 290311 SH SOLE N/A 290311 0 0 LIMITED BRANDS USD0.50 532716107 265 8058 SH SOLE N/A 8058 0 0 LINCARE HOLDINGS USD0.01 532791100 7694 259396 SH SOLE N/A 259396 0 0 LINCOLN NATIONAL NPV 534187109 286 9508 SH SOLE N/A 9508 0 0 LINEAR 3.000% CONV 535678AC0 8486 7821000 PRN SOLE N/A 7821000 0 0 01/05/27 LINEAR TECHNOLOGY USD0.001 535678106 226 6717 SH SOLE N/A 6717 0 0 LOEWS CORP USD0.01 540424108 396 9193 SH SOLE N/A 9193 0 0 LORILLARD USD0.01 544147101 416 4377 SH SOLE N/A 4377 0 0 LOWE'S COMPANIES USD.5 548661107 14365 543512 SH SOLE N/A 543512 0 0 LSI LOGIC USD0.01 502161102 135 19830 SH SOLE N/A 19830 0 0 M&T BANK USD0.50 55261F104 308 3486 SH SOLE N/A 3486 0 0 MACY'S USD0.01 55616P104 300 12385 SH SOLE N/A 12385 0 0 MAGNA INTERNATIONAL COM 559222401 8509 177900 SH SOLE N/A 177900 0 0 MARATHON OIL USD1 565849106 15159 284356 SH SOLE N/A 284356 0 0 MARKEL NPV 570535104 8776 21211 SH SOLE N/A 21211 0 0 MARRIOTT INTERNATIONAL CL A USD0.01 571903202 4697 132046 SH SOLE N/A 132046 0 0 MARSH & MCLENNAN USD1 571748102 494 16573 SH SOLE N/A 16573 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 137 17202 SH SOLE N/A 17202 0 0 MARVELL TECHNOLOGY USD0.002 G5876H105 21919 1409600 SH SOLE N/A 1409600 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- MASCO CORPORATION USD1 574599106 170 12213 SH SOLE N/A 12213 0 0 MASSEY ENERGY USD0.625 576206106 205 3000 SH SOLE N/A 3000 0 0 MASSEY ENERGY 3.250% CONV 576203AJ2 7444 6510000 PRN SOLE N/A 6510000 0 0 01/08/15 MASTERCARD USD0.0001 57636Q104 6230 24751 SH SOLE N/A 24751 0 0 MATERION CORP COM 576690101 5613 137576 SH SOLE N/A 137576 0 0 MATTEL USD1 577081102 588 23613 SH SOLE N/A 23613 0 0 MAXIM INTEGRATED PRODUCTS USD0.001 57772K101 8819 344500 SH SOLE N/A 344500 0 0 MCCORMICK & CO NPV 579780206 205 4279 SH SOLE N/A 4279 0 0 MCDERMOTT INTERNATIONAL USD1.00 580037109 680 26800 SH SOLE N/A 26800 0 0 MCDONALDS CORPORATION USD0.01 580135101 11967 157269 SH SOLE N/A 157269 0 0 MCGRAW HILL COMPANIES USD1 580645109 361 9168 SH SOLE N/A 9168 0 0 MCKESSON CORPORATION USD0.01 58155Q103 9848 124579 SH SOLE N/A 124579 0 0 MDU RESOURCES USD1.00 552690109 5407 235400 SH SOLE N/A 235400 0 0 MEAD JOHNSON NUTRITION COMPANY USD0.01 582839106 2105 36335 SH SOLE N/A 36335 0 0 MECADOLIBRE INC COM 58733R102 11594 142089 SH SOLE N/A 142089 0 0 MECHEL PFD ADR 583840509 3153 289000 SH SOLE N/A 289000 0 0 MECHEL STEEL ADR 583840103 3789 123100 SH SOLE N/A 123100 0 0 MEDCO HEALTH SOLUTIONS USD.01 58405U102 1295 23058 SH SOLE N/A 23058 0 0 MEDNAX INC USD0.01 58502B106 14991 225052 SH SOLE N/A 225052 0 0 MEDTRONIC 1.625% 15/04/13 585055AM8 18063 17427000 PRN SOLE N/A 17427000 0 0 MEDTRONIC INC USD0.10 585055106 48003 1219893 SH SOLE N/A 1219893 0 0 MERCK & CO USD0.01 58933Y105 12883 390262 SH SOLE N/A 390262 0 0 METABOLIX USD0.01 591018809 1050 100000 SH SOLE N/A 100000 0 0 METLIFE USD0.01 59156R108 1429 31947 SH SOLE N/A 31947 0 0 METLIFE INC 5.000% 59156R116 9823 116000 PRN SOLE N/A 116000 0 0 99/99/9999 METROPCS COMMUNICATIONS USD0.0001 591708102 6639 408830 SH SOLE N/A 408830 0 0 METTLER TOLEDO INT COM 592688105 649 3775 SH SOLE N/A 3775 0 0 MICROCHIP TECHNOLOGY USD0.001 595017104 218 5737 SH SOLE N/A 5737 0 0 MICRON TECHNOLOGY USD0.10 595112103 33628 2934396 SH SOLE N/A 2934396 0 0 MICRON TECHNOLOGY 1.875% CV 595112AH6 13532 12525000 PRN SOLE N/A 12525000 0 0 01/06/14 MICROSOFT CORPORATION USD0.0000125 594918104 73141 2880716 SH SOLE N/A 2880716 0 0 MILLICOM INTERNATIONAL CELLULAR USD 1.5 L6388F110 18184 189100 SH SOLE N/A 189100 0 0 MINAS BUENAVENTURA NPV ADR 204448104 11454 266548 SH SOLE N/A 266548 0 0 MOBILE TELESYSTEMS ADR 607409109 3607 169900 SH SOLE N/A 169900 0 0 MOHAWK INDUSTRIES USD0.01 608190104 12188 199312 SH SOLE N/A 199312 0 0 MOLSON COORS 2.500% CV 60871RAA8 15317 13162000 PRN SOLE N/A 13162000 0 0 30/07/13 MOLSON COORS BREWING USD0.01 60871R209 216 4610 SH SOLE N/A 4610 0 0 MONSANTO USD0.01 61166W101 10308 142645 SH SOLE N/A 142645 0 0 MOODYS CORPORATION USD0.01 615369105 3374 99496 SH SOLE N/A 99496 0 0 MORGAN STANLEY USD0.01 617446448 3032 110967 SH SOLE N/A 110967 0 0 MOTOROLA MOBILITY HOLDINGS USD0.01 620097105 218 8944 SH SOLE N/A 8944 0 0 MOTOROLA SOLUTIONS INC USD 0.01 620076307 468 10464 SH SOLE N/A 10464 0 0 MURPHY OIL USD1.00 626717102 7043 95947 SH SOLE N/A 95947 0 0 MYLAN LABORATORIES USD0.5 628530107 293 12917 SH SOLE N/A 12917 0 0 MYLAN LABS 1.250% CONV 628530AG2 8035 7326000 PRN SOLE N/A 7326000 0 0 15/03/12 NABORS INDUSTRIES USD0.001 G6359F103 266 8758 SH SOLE N/A 8758 0 0 NATIONAL OILWELL VARCO USD0.01 637071101 1227 15485 SH SOLE N/A 15485 0 0 NATIONAL WESTMINSTER PRFD ADR 638539882 1556 65000 SH SOLE N/A 65000 0 0 NETAPP INC USD0.001 64110D104 25041 520095 SH SOLE N/A 520095 0 0 NETEASE.COM ADR 64110W102 970 19600 SH SOLE N/A 19600 0 0 NETFLIX INC USD0.001 64110L106 398 1672 SH SOLE N/A 1672 0 0 NEW ORIENTAL EDUCATION ADR 647581107 540 5400 SH SOLE N/A 5400 0 0 NEW YORK COMMUNITY BANCORP USD0.01 649445103 435 25181 SH SOLE N/A 25181 0 0 NEWFIELD EXPLORATION USD0.01 651290108 10649 140101 SH SOLE N/A 140101 0 0 NEWMONT MINING USD1.6 651639106 35313 646999 SH SOLE N/A 646999 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- NEWMONT MINING 1.250% CONV 651639AH9 7382 5580000 PRN SOLE N/A 5580000 0 0 15/07/14 NEWS CORP USD0.01 A SHS 65248E104 4845 275588 SH SOLE N/A 275588 0 0 NEXTERA ENERGY INC USD0.01 65339F101 697 12644 SH SOLE N/A 12644 0 0 NIKE NPV CLASS B 654106103 3044 40215 SH SOLE N/A 40215 0 0 NOBLE ENERGY USD3.333 655044105 499 5164 SH SOLE N/A 5164 0 0 NORDSTROM NPV 655664100 230 5124 SH SOLE N/A 5124 0 0 NORFOLK SOUTHERN CORPORATION USD1.00 655844108 2814 40626 SH SOLE N/A 40626 0 0 NORTHEAST UTILITIES USD5.00 664397106 206 5955 SH SOLE N/A 5955 0 0 NORTHERN TRUST USD1.66 665859104 1195 23564 SH SOLE N/A 23564 0 0 NORTHROP GRUMAN USD1 666807102 3887 61984 SH SOLE N/A 61984 0 0 NOVELLUS SYSTEMS NPV 670008101 3201 86269 SH SOLE N/A 86269 0 0 NRG ENERGY USD0.01 629377508 20368 945599 SH SOLE N/A 945599 0 0 NTELOS HOLDINGS CORP USD0.01 67020Q107 7628 415015 SH SOLE N/A 415015 0 0 NUCOR CORP USD0.40 670346105 3029 65826 SH SOLE N/A 65826 0 0 NVIDIA CORPORATION USD0.001 67066G104 316 17109 SH SOLE N/A 17109 0 0 NYSE EURONEXT USD0.01 629491101 1241 35278 SH SOLE N/A 35278 0 0 O REILLY AUTOMOTIVE INC USD 0.01 67103H107 2729 47496 SH SOLE N/A 47496 0 0 OCCIDENTAL PETROLEUM USD0.20 674599105 67279 643884 SH SOLE N/A 643884 0 0 OLD REPUBLIC INTL 3.750% CNV 680223AH7 6716 6650000 PRN SOLE N/A 6650000 0 0 15/03/18 OMNICOM CNV 0.000% CONV 7/0 682134AA9 22726 20210000 PRN SOLE N/A 20210000 0 0 OMNICOM GROUP USD0.15 681919106 2414 49203 SH SOLE N/A 49203 0 0 ONEOK INC USD0.01 682680103 1087 16251 SH SOLE N/A 16251 0 0 ORACLE CORPORATION USD0.01 68389X105 4406 131785 SH SOLE N/A 131785 0 0 ORBITAL SCIENCES CORPORATION COM 685564106 10489 554385 SH SOLE N/A 554385 0 0 ORIGIN AGRITECH USD0.0001 G67828106 4992 650000 SH SOLE N/A 650000 0 0 PACCAR USD1 693718108 13857 264693 SH SOLE N/A 264693 0 0 PALL CORPORATION USD.1 696429307 5984 103865 SH SOLE N/A 103865 0 0 PARKER HANNIFIN USD0.05 701094104 470 4966 SH SOLE N/A 4966 0 0 PARTNERRE USD1.00 G6852T105 5008 63200 SH SOLE N/A 63200 0 0 PAYCHEX USD0.01 704326107 313 9985 SH SOLE N/A 9985 0 0 PEABODY ENERGY USD0.01 704549104 46670 648554 SH SOLE N/A 648554 0 0 PEABODY ENERGY 4.750% CONV 704549AG9 17280 12903000 PRN SOLE N/A 12903000 0 0 15/12/41 PENGROWTH ENERGY TST COM 70706P104 828 60000 SH SOLE N/A 60000 0 0 PEOPLE UNITED FINANCIAL USD0.01 712704105 149 11865 SH SOLE N/A 11865 0 0 PEPSICO CAP STK USD0.0166 713448108 29572 459121 SH SOLE N/A 459121 0 0 PERFECT WORLD ADR 71372U104 14072 664390 SH SOLE N/A 664390 0 0 PERKINELMER USD1.00 714046109 5330 202896 SH SOLE N/A 202896 0 0 PETROBRAS ON ADR 71654V408 129899 3212925 SH SOLE N/A 3212925 0 0 PETROBRAS PN ADR 71654V101 39022 1098286 SH SOLE N/A 1098286 0 0 PETROHAWK ENERGY USDN 0.001 716495106 1227 50000 SH SOLE N/A 50000 0 0 PFIZER INC USD0.05 717081103 77448 3813276 SH SOLE N/A 3813276 0 0 PG&E CORPORATION NPV 69331C108 831 18819 SH SOLE N/A 18819 0 0 PHILIP MORRIS INTL NPV 718172109 16231 247305 SH SOLE N/A 247305 0 0 PHILIPPINE LONG DISTANCE TELEPHONE ADR 718252604 2375 44400 SH SOLE N/A 44400 0 0 PICO HOLDINGS INC COM 693366205 3604 120000 SH SOLE N/A 120000 0 0 PIONEER NATURAL RESOURCES USD0.01 723787107 357 3500 SH SOLE N/A 3500 0 0 PLUM CREEK TIMBER USD0.01 729251108 236 5410 SH SOLE N/A 5410 0 0 PNC FINANCIAL SERVICES USD5.00 693475105 1008 15997 SH SOLE N/A 15997 0 0 POLO RALPH LAUREN USD0.01 731572103 2276 18407 SH SOLE N/A 18407 0 0 POOL CORP USD0.001 73278L105 9271 384683 SH SOLE N/A 384683 0 0 POPULAR INC USD6 733174106 3738 1284500 SH SOLE N/A 1284500 0 0 POSCO ADR 693483109 1498 13111 SH SOLE N/A 13111 0 0 POTASH CORP OF SASKATCHEWAN NPV 73755L107 5103 86600 SH SOLE N/A 86600 0 0 PPG INDUSTRIES USD1.67 693506107 472 4957 SH SOLE N/A 4957 0 0 PPL CORPORATION USD0.01 69351T106 364 14375 SH SOLE N/A 14375 0 0 PRAXAIR USD0.01 74005P104 29461 289973 SH SOLE N/A 289973 0 0 PRECISION CASTPARTS NPV 740189105 5620 38186 SH SOLE N/A 38186 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- PREMIERE GLOBAL SERVICES USD0.01 740585104 10163 1333668 SH SOLE N/A 1333668 0 0 PRESTIGE BRANDS USD0.01 74112D101 7293 634742 SH SOLE N/A 634742 0 0 PRICELINE.COM USD0.008 741503403 6052 11951 SH SOLE N/A 11951 0 0 PRINCIPAL FINANCIAL USD0.01 74251V102 14410 448760 SH SOLE N/A 448760 0 0 PROCTER & GAMBLE NPV 742718109 38280 621423 SH SOLE N/A 621423 0 0 PROGRESS ENERGY NPV 743263105 627 13598 SH SOLE N/A 13598 0 0 PROGRESSIVE CORPORATION USD1.00 743315103 411 19450 SH SOLE N/A 19450 0 0 PROLOGIS USD0.01 743410102 270 16904 SH SOLE N/A 16904 0 0 PROLOGIS 3.250% CONV 743410AY8 6717 5700000 PRN SOLE N/A 5700000 0 0 15/03/15 PRUDENTIAL FINANCIAL USD0.01 744320102 31699 514765 SH SOLE N/A 514765 0 0 PUBLIC SERVICE ENTERPRISE NPV 744573106 801 25436 SH SOLE N/A 25436 0 0 PUBLIC STORAGE USD0.10 REITS 74460D109 454 4095 SH SOLE N/A 4095 0 0 PULTE GROUP INC USD0.01 745867101 76 10290 SH SOLE N/A 10290 0 0 QEP RESOURCES NPV 74733V100 213 5258 SH SOLE N/A 5258 0 0 QUALCOMM USD.0001 747525103 11153 203402 SH SOLE N/A 203402 0 0 QUANTA SERVICES USD0.00001 74762E102 29964 1336476 SH SOLE N/A 1336476 0 0 QUEST DIAGNOSTICS USD0.01 74834L100 275 4762 SH SOLE N/A 4762 0 0 QWEST COMMUNICATIONS INTL USD0.01 749121109 22797 3337735 SH SOLE N/A 3337735 0 0 RANGE RESOURCES USD0.01 75281A109 1668 28533 SH SOLE N/A 28533 0 0 RAYTHEON USD.01 755111507 11866 233308 SH SOLE N/A 233308 0 0 RED HAT INC USD0.0001 756577102 260 5737 SH SOLE N/A 5737 0 0 REGAL BELOIT CORPORATION COM 758750103 788 10667 SH SOLE N/A 10667 0 0 REGIONS FINANCIAL USD0.01 7591EP100 270 37236 SH SOLE N/A 37236 0 0 REPUBLIC SERVICES USD0.01 760759100 276 9202 SH SOLE N/A 9202 0 0 RESEARCH IN MOTION NPV 760975102 10991 194390 SH SOLE N/A 194390 0 0 RESMED INC COM 761152107 8988 299712 SH SOLE N/A 299712 0 0 REX ENERGY CORP COM 761565100 6965 598400 SH SOLE N/A 598400 0 0 REYNOLDS AMERICAN USD0.0001 761713106 345 9716 SH SOLE N/A 9716 0 0 ROCKWELL AUTOMATION USD1 773903109 2732 28862 SH SOLE N/A 28862 0 0 ROCKWELL COLLINS USD.01 774341101 641 9893 SH SOLE N/A 9893 0 0 ROGERS COMM INC CL B COM 775109200 3382 93181 SH SOLE N/A 93181 0 0 ROPER INDUSTRIES USD0.01 776696106 14700 170023 SH SOLE N/A 170023 0 0 ROPER INDUSTRIES 0.000% CONV 776696AA4 4790 4500000 PRN SOLE N/A 4500000 0 0 15/01/34 ROSS STORES USD0.01 778296103 251 3535 SH SOLE N/A 3535 0 0 ROYAL BANK OF CANADA COM 780087102 16058 259809 SH SOLE N/A 259809 0 0 SAFEWAY INC USD0.01 786514208 24905 1058424 SH SOLE N/A 1058424 0 0 SAIC USD0.0001 78390X101 172 10151 SH SOLE N/A 10151 0 0 SALESFORCE.COM INC USD0.001 79466L302 754 5648 SH SOLE N/A 5648 0 0 SANDERSON FARMS USD1 800013104 12845 279790 SH SOLE N/A 279790 0 0 SANDISK CORP 1.500% CNV 80004CAD3 10328 9070000 PRN SOLE N/A 9070000 0 0 15/08/17 SANDISK CORPORATION USD0.001 80004C101 28710 622913 SH SOLE N/A 622913 0 0 SANOFI - AVENTIS SP ADR 80105N105 4772 135500 SH SOLE N/A 135500 0 0 SARA LEE USD0.01 803111103 333 18850 SH SOLE N/A 18850 0 0 SBA COMMUNICATIONS USD0.01 78388J106 10374 261432 SH SOLE N/A 261432 0 0 SCHLUMBERGER USD0.01 806857108 14070 150865 SH SOLE N/A 150865 0 0 SEAGATE TECHNOLOGY USD0.00001 G7945M107 15915 1105200 SH SOLE N/A 1105200 0 0 SEARS HOLDINGS USD0.01 812350106 5878 71237 SH SOLE N/A 71237 0 0 SEI INVESTMENTS USD0.01 784117103 4611 193099 SH SOLE N/A 193099 0 0 SEMPRA ENERGY NPV 816851109 532 9940 SH SOLE N/A 9940 0 0 SHERWIN WILLIAMS USD1.00 824348106 538 6403 SH SOLE N/A 6403 0 0 SHIRE PLC - ADR 82481R106 513 5900 SH SOLE N/A 5900 0 0 SIGMA-ALDRICH USD1 826552101 227 3565 SH SOLE N/A 3565 0 0 SILVER WHEATON COM 828336107 6499 150000 SH SOLE N/A 150000 0 0 SIMON PROPERTY USD0.0001 REIT 828806109 957 8935 SH SOLE N/A 8935 0 0 SIMPSON MANUFACTURING USD0.01 829073105 9113 309333 SH SOLE N/A 309333 0 0 SLM CORP USD0.2 78442P106 13039 852775 SH SOLE N/A 852775 0 0 SMITHFIELD FOODS USD0.50 832248108 962 40000 SH SOLE N/A 40000 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- SOUTHERN USD5 842587107 1379 36193 SH SOLE N/A 36193 0 0 SOUTHERN COPPER USD0.01 84265V105 8898 221018 SH SOLE N/A 221018 0 0 SOUTHWEST AIRLINES USD1 844741108 18708 1481262 SH SOLE N/A 1481262 0 0 SOUTHWESTERN ENERGY USD0.10 845467109 458 10665 SH SOLE N/A 10665 0 0 SPDR SP 500 ETF TRUST TR UNIT 78462F103 27633 208532 SH SOLE N/A 208532 0 0 SPECTRA ENERGY NPV 847560109 26109 960611 SH SOLE N/A 960611 0 0 SPRINT NEXTEL USD2.00 852061100 49056 10572323 SH SOLE N/A 10572323 0 0 ST JUDE MEDICAL USD0.1 790849103 521 10165 SH SOLE N/A 10165 0 0 STANLEY BLACK 4.750% CONV 854502309 8928 74200 PRN SOLE N/A 74200 0 0 17/11/2015 STANLEY BLACK & DECKER USD2.5 854502101 12988 169559 SH SOLE N/A 169559 0 0 STAPLES USD0.0006 855030102 412 21236 SH SOLE N/A 21236 0 0 STARBUCKS CORPORATION NPV 855244109 6474 175205 SH SOLE N/A 175205 0 0 STARWOOD HOTELS & RESORTS USD0.01 85590A401 3322 57155 SH SOLE N/A 57155 0 0 STATE STREET USD1 857477103 8986 199946 SH SOLE N/A 199946 0 0 STERICYCLE USD0.01 858912108 225 2538 SH SOLE N/A 2538 0 0 STILLWATER MINING CO 1.875% CNV 86074QAF9 5217 4400000 PRN SOLE N/A 4400000 0 0 15/03/28 STR HOLDINGS INC USD0.01 78478V100 1741 90772 SH SOLE N/A 90772 0 0 STRYKER CORP USD0.1 863667101 4039 66438 SH SOLE N/A 66438 0 0 SUN LIFE FINANCIAL COM 866796105 3645 116313 SH SOLE N/A 116313 0 0 SUNCOR ENERGY NPV 867224107 596 13300 SH SOLE N/A 13300 0 0 SUNOCO USD1 86764P109 10105 221648 SH SOLE N/A 221648 0 0 SUNTRUST BANKS USD1 867914103 465 16124 SH SOLE N/A 16124 0 0 SYMANTEC 1.000% CONV 871503AF5 17720 14644000 PRN SOLE N/A 14644000 0 0 15/06/13 SYMANTEC CORP USD.01 871503108 2608 140661 SH SOLE N/A 140661 0 0 SYSCO CORPORATION USD1 871829107 482 17392 SH SOLE N/A 17392 0 0 T ROWE PRICE GROUP USD0.20 74144T108 521 7844 SH SOLE N/A 7844 0 0 TAIWAN SEMICONDUCTOR MANUFACTURING ADR 874039100 25688 2109000 SH SOLE N/A 2109000 0 0 TARGET CORPORATION USD0.0833 87612E106 18394 367810 SH SOLE N/A 367810 0 0 TATA MOTORS ADR 876568502 1573 56619 SH SOLE N/A 56619 0 0 TECH DATA 2.750% CONV 878237AE6 7223 6650000 PRN SOLE N/A 6650000 0 0 15/12/26 TECO ENERGY USD1 872375100 3824 203830 SH SOLE N/A 203830 0 0 TELE NORTE LESTE PARTICIPACOES L2 ADR 879246106 3506 200000 SH SOLE N/A 200000 0 0 TELEDYNE TECHNOLOGIES USD0.01 879360105 10420 201500 SH SOLE N/A 201500 0 0 TELEFLEX 3.875% CONV 879369AA4 7179 6350000 PRN SOLE N/A 6350000 0 0 01/08/17 TELEKOMUNIK INDONESIA ADR 715684106 2324 69200 SH SOLE N/A 69200 0 0 TELLABS USD0.01 879664100 58 11092 SH SOLE N/A 11092 0 0 TENARIS USD1.00 ADR 88031M109 3239 65500 SH SOLE N/A 65500 0 0 TENET HEALTHCARE USD.075 88033G100 115 15485 SH SOLE N/A 15485 0 0 TERADATA USD0.01 88076W103 259 5106 SH SOLE N/A 5106 0 0 TERNIUM USD1.00 ADR 880890108 26229 729800 SH SOLE N/A 729800 0 0 TEVA PHARMACEUTICAL 0.250% CONV 88163VAE9 17669 15770000 PRN SOLE N/A 15770000 0 0 01/02/26 TEXAS INSTRUMENTS USD1 882508104 39711 1149033 SH SOLE N/A 1149033 0 0 THERMO ELECTRON CORPORATION USD1 883556102 1199 21578 SH SOLE N/A 21578 0 0 TIFFANY & CO USD0.01 886547108 818 13313 SH SOLE N/A 13313 0 0 TIM PARTICIPACOES NPV ADR 88706P106 821 18807 SH SOLE N/A 18807 0 0 TIME WARNER USD0.01 887317303 1685 47188 SH SOLE N/A 47188 0 0 TIME WARNER CABLE USD0.01 88732J207 5599 78488 SH SOLE N/A 78488 0 0 TJX COMPANIES USD1 872540109 579 11637 SH SOLE N/A 11637 0 0 TOWERS WATSON AND CO CL A COM 891894107 16097 290244 SH SOLE N/A 290244 0 0 TRANSATLANTIC HLDGS USD1 893521104 1390 28565 SH SOLE N/A 28565 0 0 TRAVELERS COS NPV 89417E109 60302 1013993 SH SOLE N/A 1013993 0 0 TRI TECT HOLDINGS INC SHS G9103F106 2263 194261 SH SOLE N/A 194261 0 0 TRIMBLE NAVIGATION NPV 896239100 2527 50000 SH SOLE N/A 50000 0 0 TYSON FOODS CL A USD0.10 902494103 3174 165424 SH SOLE N/A 165424 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------ ----------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ ----------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- UNION PACIFIC USD2.5 907818108 27109 275697 SH SOLE N/A 275697 0 0 UNITED CONTINENTAL HOLDINGS USD.01 910047109 1644 71500 SH SOLE N/A 71500 0 0 UNITED PARCEL SERVICE CL B USD0.01 911312106 2189 29447 SH SOLE N/A 29447 0 0 UNITED STATES STEEL USD1 912909108 232 4304 SH SOLE N/A 4304 0 0 UNITED TECHNOLOGIES USD1 913017109 27370 323337 SH SOLE N/A 323337 0 0 UNITEDHEALTH USD.01 91324P102 39786 880221 SH SOLE N/A 880221 0 0 UNIVERSAL TRUCKLOAD SERVICES NPV 91388P105 6688 393643 SH SOLE N/A 393643 0 0 UNUM GROUP USD0.10 91529Y106 248 9434 SH SOLE N/A 9434 0 0 US BANCORP USD0.01 902973304 3364 127328 SH SOLE N/A 127328 0 0 VALE ON ADR 91912E105 40621 1218738 SH SOLE N/A 1218738 0 0 VALE PN ADR 91912E204 48351 1637912 SH SOLE N/A 1637912 0 0 VALERO ENERGY USD0.01 91913Y100 518 17373 SH SOLE N/A 17373 0 0 VANGUARD MSCI EMERGING MARKETS ETF ETF 922042858 17177 353227 SH SOLE N/A 353227 0 0 VARIAN MEDICAL SYSTEMS USD1 92220P105 251 3713 SH SOLE N/A 3713 0 0 VEECO INSTRUMENTS USD.01 922417100 3760 73968 SH SOLE N/A 73968 0 0 VENTAS USD0.25 92276F100 272 5010 SH SOLE N/A 5010 0 0 VERIZON COMMUNICATIONS USD0.10 92343V104 14763 383063 SH SOLE N/A 383063 0 0 VERTEX PHARMACEUTICALS USD0.01 92532F100 680 14200 SH SOLE N/A 14200 0 0 VF CORP USD1 918204108 254 2578 SH SOLE N/A 2578 0 0 VIACOM INC B NON VTG USD0.001 92553P201 838 18005 SH SOLE N/A 18005 0 0 VIASAT USD0.0001 92552V100 9620 241700 SH SOLE N/A 241700 0 0 VIMPELCOM LTD ADR W/I 92719A106 2910 200000 SH SOLE N/A 200000 0 0 VISA INC CLASS A SHARES USD0.0001 92826C839 4890 66416 SH SOLE N/A 66416 0 0 VIVO PARTICIPACOES ADR 92855S200 22866 566262 SH SOLE N/A 566262 0 0 VODAFONE GROUP PLC SP ADR 92857W209 7610 264800 SH SOLE N/A 264800 0 0 VORNADO REALTY 3.875% CV 929043AC1 7237 6375000 PRN SOLE N/A 6375000 0 0 15/04/25 VORNADO REALTY TRUST USD0.04 929042109 418 4779 SH SOLE N/A 4779 0 0 WALGREEN USD0.07812 931422109 66323 1652280 SH SOLE N/A 1652280 0 0 WAL-MART STORES USD0.10 931142103 67796 1302513 SH SOLE N/A 1302513 0 0 WALT DISNEY USD0.01 254687106 7569 175663 SH SOLE N/A 175663 0 0 WASTE CONNECTIONS USD.01 941053100 9563 332167 SH SOLE N/A 332167 0 0 WASTE MANAGEMENT USD.01 94106L109 2309 61829 SH SOLE N/A 61829 0 0 WATERS CORPORATION USD0.01 941848103 225 2586 SH SOLE N/A 2586 0 0 WATSON PHARMACEUTICALS USD0.0033 942683103 218 3900 SH SOLE N/A 3900 0 0 WEIGHT WATCHERS INTL NPV 948626106 5864 83652 SH SOLE N/A 83652 0 0 WELLPOINT USD0.01 94973V107 12559 179960 SH SOLE N/A 179960 0 0 WELLS FARGO 7.500% PERP CONV 949746804 28056 27102 PRN SOLE N/A 27102 0 0 WELLS FARGO & CO USD1.6667 949746101 113454 3578984 SH SOLE N/A 3578984 0 0 WESTERN DIGITAL USD0.01 958102105 2197 58915 SH SOLE N/A 58915 0 0 WESTERN UNION USD0.01 959802109 2196 105747 SH SOLE N/A 105747 0 0 WEYERHAEUSER USD1.25 962166104 390 15862 SH SOLE N/A 15862 0 0 WHIRLPOOL USD1 963320106 4193 49135 SH SOLE N/A 49135 0 0 WHOLE FOODS MARKET NPV 966837106 993 15075 SH SOLE N/A 15075 0 0 WILLBROS GRP USD0.05 969203108 9259 847875 SH SOLE N/A 847875 0 0 WILLIAMS USD1 969457100 22436 719578 SH SOLE N/A 719578 0 0 WINDSTREAM CORP USD0.0001 97381W104 194 15044 SH SOLE N/A 15044 0 0 WISCONSIN ENERGY USD0.01 976657106 218 7164 SH SOLE N/A 7164 0 0 WR BERKLEY USD0.2 084423102 12809 397805 SH SOLE N/A 397805 0 0 WYNN RESORTS USD0.01 983134107 15404 121138 SH SOLE N/A 121138 0 0 XCEL ENERGY USD2.50 98389B100 490 20530 SH SOLE N/A 20530 0 0 XEROX USD1 984121103 6077 571108 SH SOLE N/A 571108 0 0 XILINX USD0.01 983919101 2645 80658 SH SOLE N/A 80658 0 0 XILINX 3.125% CONV 983919AD3 7733 6666000 PRN SOLE N/A 6666000 0 0 15/03/37 XL GROUP PLC USD0.01 G98290102 2313 94078 SH SOLE N/A 94078 0 0 YAHOO USD0.001 984332106 662 39680 SH SOLE N/A 39680 0 0 YPF SA ADR 984245100 1824 40943 SH SOLE N/A 40943 0 0 YUM BRANDS NPV 988498101 730 14211 SH SOLE N/A 14211 0 0 ZIMMER HOLDINGS USD0.01 98956P102 356 5876 SH SOLE N/A 5876 0 0