<SEC-DOCUMENT>0001539994-21-000018.txt : 20210728 <SEC-HEADER>0001539994-21-000018.hdr.sgml : 20210728 <ACCEPTANCE-DATETIME>20210728102316 ACCESSION NUMBER: 0001539994-21-000018 CONFORMED SUBMISSION TYPE: 13F-HR CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210728 DATE AS OF CHANGE: 20210728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEGON ASSET MANAGEMENT UK PLC CENTRAL INDEX KEY: 0001539994 IRS NUMBER: 854983000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14990 BUSINESS ADDRESS: STREET 1: 3 LOCHSIDE CRESCENT CITY: EDINBURGH STATE: X0 ZIP: EH12 9SA BUSINESS PHONE: 0131 549 6851 MAIL ADDRESS: STREET 1: 3 LOCHSIDE CRESCENT CITY: EDINBURGH STATE: X0 ZIP: EH12 9SA FORMER COMPANY: FORMER CONFORMED NAME: Kames Capital plc DATE OF NAME CHANGE: 20120119 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>primary_doc.xml <TEXT> <XML> <?xml version="1.0" encoding="UTF-8"?> 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PLC</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>29260V105</cusip> <value>29264</value> <shrsOrPrnAmt> <sshPrnamt>258291</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>258291</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>SEA LTD</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>81141R100</cusip> <value>11502</value> <shrsOrPrnAmt> <sshPrnamt>41900</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>41900</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MAXAR TECHNOLOGIES INC</nameOfIssuer> <titleOfClass>COMMON STOCK CAD</titleOfClass> <cusip>57778K105</cusip> <value>2919</value> <shrsOrPrnAmt> <sshPrnamt>73251</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>73251</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>SHOPIFY INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>82509L107</cusip> <value>52337</value> <shrsOrPrnAmt> <sshPrnamt>35822</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>35822</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>FRESHPET INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>358039105</cusip> <value>35608</value> <shrsOrPrnAmt> <sshPrnamt>218507</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>218507</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DYNATRACE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>268150109</cusip> <value>20854</value> <shrsOrPrnAmt> <sshPrnamt>357027</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>357027</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>PALOMAR HOLDINGS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>69753M105</cusip> <value>7702</value> <shrsOrPrnAmt> <sshPrnamt>102150</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>102150</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>LPL FINANCIAL HOLDINGS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>50212V100</cusip> <value>2396</value> <shrsOrPrnAmt> <sshPrnamt>17749</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>17749</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>KINGSOFT CLOUD HOLDINGS LTD</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>49639K101</cusip> <value>6404</value> <shrsOrPrnAmt> <sshPrnamt>188900</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>188900</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CME GROUP INC.</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>12572Q105</cusip> <value>106467</value> <shrsOrPrnAmt> <sshPrnamt>500845</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>475637</Sole> <Shared>0</Shared> <None>25208</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MSA SAFETY INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>553498106</cusip> <value>2806</value> <shrsOrPrnAmt> <sshPrnamt>16946</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>16946</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ATT INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>00206R102</cusip> <value>51576</value> <shrsOrPrnAmt> <sshPrnamt>1792711</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1792711</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CEMEX SAB DE CV</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>151290889</cusip> <value>2982</value> <shrsOrPrnAmt> <sshPrnamt>355035</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>355035</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>SVB FINANCIAL GROUP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>78486Q101</cusip> <value>76036</value> <shrsOrPrnAmt> <sshPrnamt>136650</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>136650</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MORGAN STANLEY</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>617446448</cusip> <value>16177</value> <shrsOrPrnAmt> <sshPrnamt>176470</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>133635</Sole> <Shared>0</Shared> <None>42835</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>FIDELITY NATIONAL INFORMATION SERVICES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>31620M106</cusip> <value>80091</value> <shrsOrPrnAmt> <sshPrnamt>565336</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>565336</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>PACKAGING CORP OF AMERICA</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>695156109</cusip> <value>12157</value> <shrsOrPrnAmt> <sshPrnamt>89808</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>89808</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MASTERCARD INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>57636Q104</cusip> <value>68125</value> <shrsOrPrnAmt> <sshPrnamt>186645</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>186645</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>METLIFE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>59156R108</cusip> <value>16327</value> <shrsOrPrnAmt> <sshPrnamt>272838</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>272838</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>HANESBRANDS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>410345102</cusip> <value>23475</value> <shrsOrPrnAmt> <sshPrnamt>1257356</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1257356</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>BERKSHIRE HATHAWAY INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>084670702</cusip> <value>5665</value> <shrsOrPrnAmt> <sshPrnamt>20398</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>20398</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ILLUMINA INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>452327109</cusip> <value>85353</value> <shrsOrPrnAmt> <sshPrnamt>180535</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>180535</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ACTIVISION BLIZZARD INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>00507V109</cusip> <value>39466</value> <shrsOrPrnAmt> <sshPrnamt>413514</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>413514</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>COSTCO WHOLESALE CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>22160K105</cusip> <value>3550</value> <shrsOrPrnAmt> <sshPrnamt>8971</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>8971</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>PERFICIENT INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>71375U101</cusip> <value>22007</value> <shrsOrPrnAmt> <sshPrnamt>273685</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>273685</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ALLSTATE CORP/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>020002101</cusip> <value>3043</value> <shrsOrPrnAmt> <sshPrnamt>23331</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>23331</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>VISA INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>92826C839</cusip> <value>185745</value> <shrsOrPrnAmt> <sshPrnamt>793884</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>793884</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>GARTNER INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>366651107</cusip> <value>72814</value> <shrsOrPrnAmt> <sshPrnamt>300672</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>300672</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MARTIN MARIETTA MATERIALS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>573284106</cusip> <value>38133</value> <shrsOrPrnAmt> <sshPrnamt>108398</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>108398</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>O'REILLY AUTOMOTIVE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>67103H107</cusip> <value>2409</value> <shrsOrPrnAmt> <sshPrnamt>4256</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>4256</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DOLBY LABORATORIES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>25659T107</cusip> <value>17106</value> <shrsOrPrnAmt> <sshPrnamt>174034</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>174034</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>OMEGA HEALTHCARE INVESTORS INC</nameOfIssuer> <titleOfClass>REIT USD</titleOfClass> <cusip>681936100</cusip> <value>24277</value> <shrsOrPrnAmt> <sshPrnamt>668959</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>668959</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>BLACKROCK INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>09247X101</cusip> <value>3967</value> <shrsOrPrnAmt> <sshPrnamt>4532</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>4532</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>EQUINIX INC</nameOfIssuer> <titleOfClass>REIT USD</titleOfClass> <cusip>29444U700</cusip> <value>934</value> <shrsOrPrnAmt> <sshPrnamt>1163</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1163</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MCCORMICK CO INC/MD</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>579780206</cusip> <value>2289</value> <shrsOrPrnAmt> <sshPrnamt>25927</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>25927</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AMERICAN WATER WORKS CO INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>030420103</cusip> <value>6334</value> <shrsOrPrnAmt> <sshPrnamt>41100</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>41100</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CISCO SYSTEMS INC/DELAWARE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>17275R102</cusip> <value>26595</value> <shrsOrPrnAmt> <sshPrnamt>501785</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>501785</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>XILINX INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>983919101</cusip> <value>2450</value> <shrsOrPrnAmt> <sshPrnamt>16936</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>16936</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>IDEXX LABORATORIES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>45168D104</cusip> <value>3655</value> <shrsOrPrnAmt> <sshPrnamt>5788</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>5788</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TETRA TECH INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>88162G103</cusip> <value>71409</value> <shrsOrPrnAmt> <sshPrnamt>585130</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>585130</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>375558103</cusip> <value>70425</value> <shrsOrPrnAmt> <sshPrnamt>1023155</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>973431</Sole> <Shared>0</Shared> <None>49724</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DIGITAL REALTY TRUST INC</nameOfIssuer> <titleOfClass>REIT USD</titleOfClass> <cusip>253868103</cusip> <value>57588</value> <shrsOrPrnAmt> <sshPrnamt>382744</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>382744</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>UNITED RENTALS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>911363109</cusip> <value>2661</value> <shrsOrPrnAmt> <sshPrnamt>8343</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>8343</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AMERICAN TOWER CORP</nameOfIssuer> <titleOfClass>REIT USD</titleOfClass> <cusip>03027X100</cusip> <value>80236</value> <shrsOrPrnAmt> <sshPrnamt>296861</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>296861</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>REPUBLIC SERVICES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>760759100</cusip> <value>63459</value> <shrsOrPrnAmt> <sshPrnamt>576848</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>576848</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>NVIDIA CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>67066G104</cusip> <value>159834</value> <shrsOrPrnAmt> <sshPrnamt>199768</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>199768</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>JEFFERIES FINANCIAL GROUP INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>47233W109</cusip> <value>2922</value> <shrsOrPrnAmt> <sshPrnamt>85459</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>85459</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> 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<Sole>66115</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MAXIM INTEGRATED PRODUCTS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>57772K101</cusip> <value>15375</value> <shrsOrPrnAmt> <sshPrnamt>145924</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>145924</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CARLYLE GROUP INC/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>14316J108</cusip> <value>3119</value> <shrsOrPrnAmt> <sshPrnamt>67128</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>67128</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DAVITA INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> 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<votingAuthority> <Sole>9662</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>XYLEM INC/NY</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>98419M100</cusip> <value>66903</value> <shrsOrPrnAmt> <sshPrnamt>557707</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>557707</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>874039100</cusip> <value>127635</value> <shrsOrPrnAmt> <sshPrnamt>1062679</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>908894</Sole> <Shared>0</Shared> <None>153785</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DARDEN RESTAURANTS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>237194105</cusip> <value>21453</value> <shrsOrPrnAmt> <sshPrnamt>146945</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>146945</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AMAZON.COM INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>023135106</cusip> <value>243233</value> <shrsOrPrnAmt> <sshPrnamt>70722</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>70722</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>FACEBOOK INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>30303M102</cusip> <value>9923</value> <shrsOrPrnAmt> <sshPrnamt>28539</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>28539</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>UNIVERSAL DISPLAY CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>91347P105</cusip> <value>60005</value> <shrsOrPrnAmt> <sshPrnamt>269890</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>269890</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CHENIERE ENERGY INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>16411R208</cusip> <value>2832</value> <shrsOrPrnAmt> <sshPrnamt>32641</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>32641</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MARKETAXESS HOLDINGS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>57060D108</cusip> <value>69971</value> <shrsOrPrnAmt> <sshPrnamt>150934</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>150934</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>NORFOLK SOUTHERN CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>655844108</cusip> <value>2930</value> <shrsOrPrnAmt> <sshPrnamt>11047</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>11047</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CATERPILLAR INC.</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>149123101</cusip> <value>3338</value> <shrsOrPrnAmt> <sshPrnamt>15336</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> 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<sshPrnamt>279453</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>279453</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DOVER CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>260003108</cusip> <value>2843</value> <shrsOrPrnAmt> <sshPrnamt>18890</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>18890</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>65339F101</cusip> <value>103498</value> <shrsOrPrnAmt> <sshPrnamt>1412900</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1325605</Sole> <Shared>0</Shared> <None>87295</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CHEVRON CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>166764100</cusip> <value>149</value> <shrsOrPrnAmt> <sshPrnamt>1425</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1425</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TEXAS INSTRUMENTS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>882508104</cusip> <value>68814</value> <shrsOrPrnAmt> <sshPrnamt>357909</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>306411</Sole> <Shared>0</Shared> <None>51498</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>HERSHEY CO/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>427866108</cusip> <value>2254</value> <shrsOrPrnAmt> <sshPrnamt>12940</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>12940</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>UNION PACIFIC CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>907818108</cusip> <value>23855</value> <shrsOrPrnAmt> <sshPrnamt>108496</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>108496</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>EMERSON ELECTRIC CO</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>291011104</cusip> <value>37172</value> <shrsOrPrnAmt> <sshPrnamt>386318</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>386318</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>GENERAL MOTORS CO</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>37045V100</cusip> <value>45438</value> <shrsOrPrnAmt> <sshPrnamt>767922</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>767922</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AIR PRODUCTS AND CHEMICALS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>009158106</cusip> <value>57303</value> <shrsOrPrnAmt> <sshPrnamt>199209</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>179044</Sole> <Shared>0</Shared> <None>20165</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>PEPSICO INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>713448108</cusip> <value>30101</value> <shrsOrPrnAmt> <sshPrnamt>203238</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>157663</Sole> <Shared>0</Shared> <None>45575</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>FLOWSERVE CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>34354P105</cusip> <value>2768</value> <shrsOrPrnAmt> <sshPrnamt>68666</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>68666</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ABIOMED INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>003654100</cusip> <value>38202</value> <shrsOrPrnAmt> <sshPrnamt>122449</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>122449</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ABBVIE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>00287Y109</cusip> <value>4190</value> <shrsOrPrnAmt> <sshPrnamt>37211</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>37211</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>KELLOGG CO</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>487836108</cusip> <value>13661</value> <shrsOrPrnAmt> <sshPrnamt>212364</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>212364</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>COLGATE-PALMOLIVE CO</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>194162103</cusip> <value>17254</value> <shrsOrPrnAmt> <sshPrnamt>212195</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>212195</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>KROGER CO/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>501044101</cusip> <value>33974</value> <shrsOrPrnAmt> <sshPrnamt>887050</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>887050</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>JOHNSON JOHNSON</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>478160104</cusip> <value>72851</value> <shrsOrPrnAmt> <sshPrnamt>442244</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>418141</Sole> <Shared>0</Shared> <None>24103</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>THE PROCTER GAMBLE COMPANY</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>742718109</cusip> <value>1747</value> <shrsOrPrnAmt> <sshPrnamt>12951</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>12951</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AUTOMATIC DATA PROCESSING INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>053015103</cusip> <value>96215</value> <shrsOrPrnAmt> <sshPrnamt>484419</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>454652</Sole> <Shared>0</Shared> <None>29767</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TERADYNE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>880770102</cusip> <value>76262</value> <shrsOrPrnAmt> <sshPrnamt>569290</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>569290</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>DANAHER CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>235851102</cusip> <value>4303</value> <shrsOrPrnAmt> <sshPrnamt>16037</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>16037</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>T-MOBILE US INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>872590104</cusip> <value>3494</value> <shrsOrPrnAmt> <sshPrnamt>24128</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>24128</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>CLOROX CO/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>189054109</cusip> <value>27517</value> <shrsOrPrnAmt> <sshPrnamt>152939</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>134189</Sole> <Shared>0</Shared> <None>18750</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ABBOTT LABORATORIES</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>002824100</cusip> <value>2844</value> <shrsOrPrnAmt> <sshPrnamt>24540</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>24540</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ZOETIS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>98978V103</cusip> <value>3539</value> <shrsOrPrnAmt> <sshPrnamt>18995</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>18995</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>AVERY DENNISON CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>053611109</cusip> <value>38298</value> <shrsOrPrnAmt> <sshPrnamt>182251</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>182251</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>MERCK CO INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>58933Y105</cusip> <value>29173</value> <shrsOrPrnAmt> <sshPrnamt>375120</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>375120</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>NUCOR CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>670346105</cusip> <value>41723</value> <shrsOrPrnAmt> <sshPrnamt>434969</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>399348</Sole> <Shared>0</Shared> <None>35621</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>WALT DISNEY CO/THE</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>254687106</cusip> <value>76143</value> <shrsOrPrnAmt> <sshPrnamt>433319</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>433319</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TARGET CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>87612E106</cusip> <value>33238</value> <shrsOrPrnAmt> <sshPrnamt>137536</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>137536</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ESSENTIAL UTILITIES INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>29670G102</cusip> <value>56536</value> <shrsOrPrnAmt> <sshPrnamt>1237101</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>1237101</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>TESLA INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>88160R101</cusip> <value>28082</value> <shrsOrPrnAmt> <sshPrnamt>41305</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>41305</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>BEST BUY CO INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>086516101</cusip> <value>22720</value> <shrsOrPrnAmt> <sshPrnamt>197655</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>197655</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>SERVICENOW INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>81762P102</cusip> <value>77713</value> <shrsOrPrnAmt> <sshPrnamt>141451</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>141451</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>OMNICOM GROUP INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>681919106</cusip> <value>18062</value> <shrsOrPrnAmt> <sshPrnamt>225797</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>225797</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>92343V104</cusip> <value>28506</value> <shrsOrPrnAmt> <sshPrnamt>508755</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>508755</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>US BANCORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>902973304</cusip> <value>28329</value> <shrsOrPrnAmt> <sshPrnamt>497434</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>497434</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>STATE STREET CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>857477103</cusip> <value>33224</value> <shrsOrPrnAmt> <sshPrnamt>403843</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>403843</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>ALIBABA GROUP HOLDING LTD</nameOfIssuer> <titleOfClass>ADR USD</titleOfClass> <cusip>01609W102</cusip> <value>42952</value> <shrsOrPrnAmt> <sshPrnamt>189400</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>189400</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>APPLE INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>037833100</cusip> <value>457434</value> <shrsOrPrnAmt> <sshPrnamt>3340886</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>3340886</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>GENTHERM INC</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>37253A103</cusip> <value>2558</value> <shrsOrPrnAmt> <sshPrnamt>35999</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> <investmentDiscretion>SOLE</investmentDiscretion> <votingAuthority> <Sole>35999</Sole> <Shared>0</Shared> <None>0</None> </votingAuthority> </infoTable> <infoTable> <nameOfIssuer>KLA CORP</nameOfIssuer> <titleOfClass>COMMON STOCK USD</titleOfClass> <cusip>482480100</cusip> <value>3009</value> <shrsOrPrnAmt> <sshPrnamt>9281</sshPrnamt> <sshPrnamtType>SH</sshPrnamtType> </shrsOrPrnAmt> 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</XML> </TEXT> </DOCUMENT> </SEC-DOCUMENT>