Portfolio & performance

Our holdings

For full lists of investments quarterly, click here.

Top 25 holdings as at 31 July 2019

Company Industry Country £'M
Newcrest Mining Materials Australia 44.6
Tesco Consumer Staples UK 33.7
GlaxoSmithKline Health Care UK 32.8
Newmont Goldcorp Materials US 30.3
Barrick Gold Materials Canada 30.2
Target Consumer Discretionary US 28.8
Royal Dutch Shell Energy UK 26.3
Pfizer Health Care US 25.7
PepsiCo Consumer Staples US 20.6
ING Financials Netherlands 19.5
Exxon Mobil Energy US 19.2
Gap Consumer Discretionary US 18.7
Roche Health Care Switzerland 18.6
China Mobile Communication Services China 17.8
Macy's Consumer Discretionary US 17.4
Sumitomo Mitsui Financial Financials Japan 17.0
Chevron Energy US 16.1
United Utilities Utilities UK 16.0
Marks & Spencer Consumer Discretionary UK 15.4
Telstra Communication Services Australia 15.0
East Japan Railway Industrials Japan 14.8
Total Energy France 14.5
Japan Tobacco Consumer Staples Japan 13.5
Standard Chartered Financials UK 13.2
Kirin Consumer Staples Japan 13.0