The "top twenty" UK Equity Holdings
The 20 largest United Kingdom holdings by market value at 31 March 2003 were:
| BP |
£150.1m |
|
Vodafone Group |
£125.1m |
| GlaxoSmithKline |
£116.8m |
|
HSBC Holdings |
£103.8m |
Royal Bank of Scotland Group |
£73.7m |
| Astra Zeneca |
£63.0m |
| Shell Transport & Trading |
£61.5m |
|
HBOS |
£41.9m |
| Lloyds TSB |
£37.0m |
|
Unilever |
£36.8m |
|
Diageo |
£36.7m |
| Barclays |
£34.0m |
| B.T. Group |
£28.3m |
|
BHP Billiton |
£23.7m |
|
Tesco |
£23.2m |
National Grid Transco |
£22.6m |
Imperial Tobacco |
£20.1m |
Anglo American |
£16.2m |
Reed Elsevier |
£15.6m |
| Legal and General |
£15.5m |
| Total |
£1045.6m |
These holdings constitute 64% of the overall UK equity portfolio.
The fund has a holding of ordinary shares in Corus plc which amounted to less than 0.01% of a total assets as at 31 March 2003.