Portfolio & performance

Our holdings

For full lists of investments quarterly, click here.

Top 25 holdings as at 31 October 2019

Company Industry Country £'M
Newcrest Mining Materials Australia 37.6
Tesco Consumer Staples UK 35.5
Target Consumer Discretionary US 33.7
Newmont Goldcorp Materials US 31.3
Barrick Gold Materials Canada 30.5
BT Communication Services UK 28.5
Pfizer Health Care US 24.0
Royal Dutch Shell Energy UK 22.4
Roche Health Care Switzerland 19.7
ING Financials Netherlands 18.6
GlaxoSmithKline Health Care UK 18.0
Japan Tobacco Consumer Staples Japan 18.0
United Utilities Utilities UK 17.7
East Japan Railway Industrials Japan 17.6
Pepsico Consumer Staples US 17.1
Kirin Consumer Staples Japan 16.5
Exxon Mobil Energy US 16.5
China Mobile Communication Services China 16.1
Gap Consumer Discretionary US 14.8
Chevron Energy US 14.4
Total Energy France 13.7
Royal Bank of Scotland Financials UK 13.6
Marks & Spencer Consumer Discretionary UK 13.5
Verizon Communications Communication Services US 13.3
British Land Real Estate UK 13.1