The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
AFLAC INC COMMON STOCK USD.1 001055102 19,006 306,596 SH   SOLE   306,596 0 0
AGCO CORP COMMON STOCK USD.01 001084102 9,147 151,396 SH   SOLE   151,396 0 0
AARON S INC COMMON STOCK USD.5 002535300 2,660 96,046 SH   SOLE   96,046 0 0
ABBOTT LABORATORIES COMMON STOCK NPV 002824100 7,770 234,111 SH   SOLE   234,111 0 0
ABERCROMBIE + FITCH CO CL A COMMON STOCK USD.01 002896207 1,620 45,804 SH   SOLE   45,804 0 0
ACACIA RESEARCH CORP COMMON STOCK USD.001 003881307 1,625 70,468 SH   SOLE   70,468 0 0
ADVENT SOFTWARE INC COMMON STOCK USD.01 007974108 3,386 106,640 SH   SOLE   106,640 0 0
AFFILIATED MANAGERS GROUP COMMON STOCK USD.01 008252108 4,211 23,056 SH   SOLE   23,056 0 0
ALASKA AIR GROUP INC COMMON STOCK USD1. 011659109 5,343 85,323 SH   SOLE   85,323 0 0
ALBEMARLE CORP COMMON STOCK USD.01 012653101 5,280 83,892 SH   SOLE   83,892 0 0
ALCOA INC COMMON STOCK USD1. 013817101 359 44,198 SH   SOLE   44,198 0 0
ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 015271109 4,929 77,197 SH   SOLE   77,197 0 0
ALLEGHANY CORP COMMON STOCK USD1. 017175100 5,766 14,075 SH   SOLE   14,075 0 0
ALLERGAN INC COMMON STOCK USD.01 018490102 13,420 148,366 SH   SOLE   148,366 0 0
ALLIANCE DATA SYSTEMS CORP COMMON STOCK USD.01 018581108 681 3,219 SH   SOLE   3,219 0 0
ALLIANT TECHSYSTEMS INC COMMON STOCK USD.01 018804104 6,926 70,997 SH   SOLE   70,997 0 0
ALLSTATE CORP COMMON STOCK USD.01 020002101 4,528 89,573 SH   SOLE   89,573 0 0
ALON USA ENERGY INC COMMON STOCK USD.01 020520102 341 33,376 SH   SOLE   33,376 0 0
AMERCO COMMON STOCK USD.25 023586100 1,928 10,472 SH   SOLE   10,472 0 0
AMERICAN ELECTRIC POWER COMMON STOCK USD6.5 025537101 2,239 51,657 SH   SOLE   51,657 0 0
AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 026874784 24,610 506,057 SH   SOLE   506,057 0 0
AMETEK INC COMMON STOCK USD.01 031100100 4,811 104,547 SH   SOLE   104,547 0 0
ANADARKO PETROLEUM CORP COMMON STOCK USD.1 032511107 3,407 36,643 SH   SOLE   36,643 0 0
ANDERSONS INC/THE COMMON STOCK NPV 034164103 2,028 29,009 SH   SOLE   29,009 0 0
ANGLOGOLD ASHANTI SPON ADR ADR NPV 035128206 28,093 2,115,458 SH   SOLE   2,115,458 0 0
ANGLOGOLD ASHANTI SPON ADR ADR NPV 035128206 47,702 3,591,995 SH   SOLE   0 0 3,591,995
ANIKA THERAPEUTICS INC COMMON STOCK USD.01 035255108 1,757 73,350 SH   SOLE   73,350 0 0
ANNALY CAPITAL MANAGEMENT IN REIT USD.01 035710409 14,978 1,293,444 SH   SOLE   1,293,444 0 0
APACHE CORP COMMON STOCK USD.625 037411105 20,154 236,718 SH   SOLE   236,718 0 0
APOLLO GROUP INC CL A COMMON STOCK NPV 037604105 5,340 256,605 SH   SOLE   256,605 0 0
APPLE INC COMMON STOCK NPV 037833100 82,792 173,659 SH   SOLE   173,659 0 0
APPLIED MATERIALS INC COMMON STOCK USD.01 038222105 483 27,526 SH   SOLE   27,526 0 0
ARCHER DANIELS MIDLAND CO COMMON STOCK NPV 039483102 2,542 68,990 SH   SOLE   68,990 0 0
ARROW ELECTRONICS INC COMMON STOCK USD1. 042735100 5,921 122,013 SH   SOLE   122,013 0 0
ATLAS AIR WORLDWIDE HOLDINGS COMMON STOCK USD.01 049164205 801 17,366 SH   SOLE   17,366 0 0
ATMOS ENERGY CORP COMMON STOCK NPV 049560105 5,247 123,201 SH   SOLE   123,201 0 0
AVERY DENNISON CORP COMMON STOCK USD1. 053611109 2,879 66,162 SH   SOLE   66,162 0 0
AVIS BUDGET GROUP INC COMMON STOCK USD.01 053774105 6,424 222,837 SH   SOLE   222,837 0 0
AVNET INC COMMON STOCK USD1. 053807103 13,358 320,251 SH   SOLE   320,251 0 0
AVON PRODUCTS INC COMMON STOCK USD.25 054303102 13,252 643,286 SH   SOLE   643,286 0 0
BB+T CORP COMMON STOCK USD5. 054937107 1,859 55,072 SH   SOLE   55,072 0 0
BAKER HUGHES INC COMMON STOCK USD1. 057224107 26,869 547,227 SH   SOLE   547,227 0 0
BALL CORP COMMON STOCK NPV 058498106 19,252 428,958 SH   SOLE   428,958 0 0
BANK OF AMERICA CORP COMMON STOCK USD.01 060505104 24,761 1,794,310 SH   SOLE   1,794,310 0 0
BANK OF NEW YORK MELLON CORP COMMON STOCK USD.01 064058100 18,961 628,055 SH   SOLE   628,055 0 0
BAXTER INTERNATIONAL INC COMMON STOCK USD1. 071813109 113 1,720 SH   SOLE   1,720 0 0
BBCN BANCORP INC COMMON STOCK USD.001 073295107 1,190 86,454 SH   SOLE   86,454 0 0
BECTON DICKINSON AND CO COMMON STOCK USD1. 075887109 12,990 129,874 SH   SOLE   129,874 0 0
BED BATH + BEYOND INC COMMON STOCK USD.01 075896100 743 9,600 SH   SOLE   9,600 0 0
BERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033 084670702 1,687 14,862 SH   SOLE   14,862 0 0
BEST BUY CO INC COMMON STOCK USD.1 086516101 3,408 90,881 SH   SOLE   90,881 0 0
BLUCORA INC COMMON STOCK USD.0001 095229100 2,941 128,000 SH   SOLE   128,000 0 0
BOEING CO/THE COMMON STOCK USD5. 097023105 3,445 29,323 SH   SOLE   29,323 0 0
BOSTON SCIENTIFIC CORP COMMON STOCK USD.01 101137107 4,828 411,223 SH   SOLE   411,223 0 0
BRINKER INTERNATIONAL INC COMMON STOCK USD.1 109641100 611 15,086 SH   SOLE   15,086 0 0
BRISTOL MYERS SQUIBB CO COMMON STOCK USD.1 110122108 5,417 117,057 SH   SOLE   117,057 0 0
BROADCOM CORP CL A COMMON STOCK USD.0001 111320107 3,560 136,879 SH   SOLE   136,879 0 0
CBS CORP CLASS B NON VOTING COMMON STOCK USD.001 124857202 16,860 305,651 SH   SOLE   305,651 0 0
CEC ENTERTAINMENT INC COMMON STOCK USD.1 125137109 2,389 52,102 SH   SOLE   52,102 0 0
CF INDUSTRIES HOLDINGS INC COMMON STOCK USD.01 125269100 15,706 74,496 SH   SOLE   74,496 0 0
CIGNA CORP COMMON STOCK USD.25 125509109 2,435 31,676 SH   SOLE   31,676 0 0
CNA FINANCIAL CORP COMMON STOCK USD2.5 126117100 4,265 111,711 SH   SOLE   111,711 0 0
CSX CORP COMMON STOCK USD1. 126408103 2,337 90,800 SH   SOLE   90,800 0 0
CVS CAREMARK CORP COMMON STOCK USD.01 126650100 10,969 193,294 SH   SOLE   193,294 0 0
CABOT CORP COMMON STOCK USD1. 127055101 5,395 126,313 SH   SOLE   126,313 0 0
CACI INTERNATIONAL INC CL A COMMON STOCK USD.1 127190304 422 6,112 SH   SOLE   6,112 0 0
CADENCE DESIGN SYS INC COMMON STOCK USD.01 127387108 3,251 240,815 SH   SOLE   240,815 0 0
CALPINE CORP COMMON STOCK USD.001 131347304 3,123 160,717 SH   SOLE   160,717 0 0
CAMDEN PROPERTY TRUST REIT USD.01 133131102 5,351 87,093 SH   SOLE   87,093 0 0
CARRIZO OIL + GAS INC COMMON STOCK USD.01 144577103 887 23,764 SH   SOLE   23,764 0 0
CATERPILLAR INC COMMON STOCK USD1. 149123101 3,904 46,822 SH   SOLE   46,822 0 0
CELADON GROUP INC COMMON STOCK USD.033 150838100 1,913 102,478 SH   SOLE   102,478 0 0
CELGENE CORP COMMON STOCK USD.01 151020104 33,628 218,465 SH   SOLE   218,465 0 0
CERNER CORP COMMON STOCK USD.01 156782104 331 6,300 SH   SOLE   6,300 0 0
CHESAPEAKE ENERGY CORP COMMON STOCK USD.01 165167107 898 34,710 SH   SOLE   34,710 0 0
CHESAPEAKE LODGING TRUST REIT USD.01 165240102 3,238 137,535 SH   SOLE   137,535 0 0
CHEVRON CORP COMMON STOCK USD.75 166764100 14,099 116,042 SH   SOLE   116,042 0 0
CHUBB CORP COMMON STOCK USD1. 171232101 2,998 33,592 SH   SOLE   33,592 0 0
CIMAREX ENERGY CO COMMON STOCK USD.01 171798101 3,675 38,120 SH   SOLE   38,120 0 0
CIRRUS LOGIC INC COMMON STOCK USD.001 172755100 1,773 78,170 SH   SOLE   78,170 0 0
CITIGROUP INC COMMON STOCK USD.01 172967424 41,406 853,550 SH   SOLE   853,550 0 0
CLOROX COMPANY COMMON STOCK USD1. 189054109 14,356 175,668 SH   SOLE   175,668 0 0
CLOVIS ONCOLOGY INC COMMON STOCK USD.001 189464100 405 6,667 SH   SOLE   6,667 0 0
COACH INC COMMON STOCK USD.01 189754104 27,598 506,100 SH   SOLE   506,100 0 0
COCA COLA CO/THE COMMON STOCK USD.25 191216100 40,244 1,062,417 SH   SOLE   1,062,417 0 0
COLUMBUS MCKINNON CORP/NY COMMON STOCK USD.01 199333105 2,016 83,877 SH   SOLE   83,877 0 0
COMERICA INC COMMON STOCK USD5. 200340107 1,659 42,201 SH   SOLE   42,201 0 0
COMMERCIAL METALS CO COMMON STOCK USD.01 201723103 839 49,498 SH   SOLE   49,498 0 0
COMMUNITY HEALTH SYSTEMS INC COMMON STOCK USD.01 203668108 15,527 374,141 SH   SOLE   374,141 0 0
COMMVAULT SYSTEMS INC COMMON STOCK USD.01 204166102 2,523 28,722 SH   SOLE   28,722 0 0
CIA CERVECERIAS UNIDAS ADR ADR 204429104 12,632 474,726 SH   SOLE   474,726 0 0
CIA CERVECERIAS UNIDAS ADR ADR 204429104 7,736 290,726 SH   SOLE   0 0 290,726
COMPUTER SCIENCES CORP COMMON STOCK USD1. 205363104 1,211 23,411 SH   SOLE   23,411 0 0
CONAGRA FOODS INC COMMON STOCK USD5. 205887102 2,450 80,739 SH   SOLE   80,739 0 0
CON WAY INC COMMON STOCK USD.625 205944101 3,029 70,292 SH   SOLE   70,292 0 0
CONMED CORP COMMON STOCK USD.01 207410101 589 17,322 SH   SOLE   17,322 0 0
CORNING INC COMMON STOCK USD.5 219350105 3,475 238,184 SH   SOLE   238,184 0 0
CROCS INC COMMON STOCK USD.001 227046109 2,559 188,052 SH   SOLE   188,052 0 0
CROWN CASTLE INTL CORP COMMON STOCK USD.01 228227104 1,636 22,396 SH   SOLE   22,396 0 0
CUBIST PHARMACEUTICALS INC COMMON STOCK USD.001 229678107 3,294 51,835 SH   SOLE   51,835 0 0
DTE ENERGY COMPANY COMMON STOCK NPV 233331107 1,209 18,321 SH   SOLE   18,321 0 0
DANA HOLDING CORP COMMON STOCK USD.01 235825205 9,354 409,523 SH   SOLE   409,523 0 0
DARLING INTERNATIONAL INC COMMON STOCK USD.01 237266101 4,933 233,114 SH   SOLE   233,114 0 0
DELEK US HOLDINGS INC COMMON STOCK USD.01 246647101 1,940 91,966 SH   SOLE   91,966 0 0
DELTA AIR LINES INC COMMON STOCK USD.0001 247361702 35,328 1,497,591 SH   SOLE   1,497,591 0 0
DELUXE CORP COMMON STOCK USD1. 248019101 5,141 123,405 SH   SOLE   123,405 0 0
DILLARDS INC CL A COMMON STOCK NPV 254067101 6,515 83,211 SH   SOLE   83,211 0 0
WALT DISNEY CO/THE COMMON STOCK USD.01 254687106 26,085 404,475 SH   SOLE   404,475 0 0
DISCOVER FINANCIAL SERVICES COMMON STOCK USD.01 254709108 3,987 78,887 SH   SOLE   78,887 0 0
DOMTAR CORP COMMON STOCK USD.01 257559203 2,318 29,188 SH   SOLE   29,188 0 0
DOVER CORP COMMON STOCK USD1. 260003108 4,572 50,895 SH   SOLE   50,895 0 0
DOW CHEMICAL CO/THE COMMON STOCK USD2.5 260543103 4,933 128,470 SH   SOLE   128,470 0 0
DU PONT (E.I.) DE NEMOURS COMMON STOCK USD.3 263534109 584,102 9,974,422 SH   SOLE   9,974,422 0 0
DUCOMMUN INC COMMON STOCK USD.01 264147109 731 25,493 SH   SOLE   25,493 0 0
E TRADE FINANCIAL CORP COMMON STOCK USD.01 269246401 1,414 85,724 SH   SOLE   85,724 0 0
EASTMAN CHEMICAL CO COMMON STOCK USD.01 277432100 5,051 64,837 SH   SOLE   64,837 0 0
EDISON INTERNATIONAL COMMON STOCK NPV 281020107 2,743 59,542 SH   SOLE   59,542 0 0
EL PASO ELECTRIC CO COMMON STOCK NPV 283677854 667 19,959 SH   SOLE   19,959 0 0
EMERSON ELECTRIC CO COMMON STOCK USD.5 291011104 17,917 276,918 SH   SOLE   276,918 0 0
ERICSSON (LM) TEL SP ADR ADR 294821608 795 59,565 SH   SOLE   59,565 0 0
EZCORP INC CL A COMMON STOCK USD.01 302301106 2,381 141,068 SH   SOLE   141,068 0 0
FIFTH THIRD BANCORP COMMON STOCK NPV 316773100 7,136 395,565 SH   SOLE   395,565 0 0
FIRSTMERIT CORP COMMON STOCK NPV 337915102 4,612 212,440 SH   SOLE   212,440 0 0
FIRSTENERGY CORP COMMON STOCK USD.1 337932107 1,171 32,136 SH   SOLE   32,136 0 0
FLUOR CORP COMMON STOCK USD.01 343412102 958 13,500 SH   SOLE   13,500 0 0
FOOT LOCKER INC COMMON STOCK USD.01 344849104 8,015 236,142 SH   SOLE   236,142 0 0
FORD MOTOR CO COMMON STOCK USD.01 345370860 5,004 296,616 SH   SOLE   296,616 0 0
FORESTAR GROUP INC COMMON STOCK USD1. 346233109 683 31,725 SH   SOLE   31,725 0 0
FRANKLIN RESOURCES INC COMMON STOCK USD.1 354613101 2,391 47,300 SH   SOLE   47,300 0 0
GANNETT CO COMMON STOCK USD1. 364730101 20,985 783,303 SH   SOLE   783,303 0 0
GAP INC/THE COMMON STOCK USD.05 364760108 2,768 68,707 SH   SOLE   68,707 0 0
GARTNER INC COMMON STOCK USD.0005 366651107 3,044 50,734 SH   SOLE   50,734 0 0
GENERAC HOLDINGS INC COMMON STOCK USD.01 368736104 4,156 97,466 SH   SOLE   97,466 0 0
GENERAL DYNAMICS CORP COMMON STOCK USD1. 369550108 23,687 270,651 SH   SOLE   270,651 0 0
GENERAL ELECTRIC CO COMMON STOCK USD.06 369604103 28,370 1,187,509 SH   SOLE   1,187,509 0 0
GENERAL MILLS INC COMMON STOCK USD.1 370334104 2,927 61,073 SH   SOLE   61,073 0 0
GENESCO INC COMMON STOCK USD1. 371532102 3,285 50,085 SH   SOLE   50,085 0 0
GILEAD SCIENCES INC COMMON STOCK USD.001 375558103 2,485 39,542 SH   SOLE   39,542 0 0
GOODYEAR TIRE + RUBBER CO COMMON STOCK NPV 382550101 1,596 71,094 SH   SOLE   71,094 0 0
GREEN MOUNTAIN COFFEE ROASTE COMMON STOCK USD.1 393122106 861 11,436 SH   SOLE   11,436 0 0
GREEN PLAINS RENEWABLE ENERG COMMON STOCK USD.001 393222104 496 30,890 SH   SOLE   30,890 0 0
GREENBRIER COMPANIES INC COMMON STOCK NPV 393657101 2,416 97,680 SH   SOLE   97,680 0 0
HSN INC COMMON STOCK USD.01 404303109 10,743 200,346 SH   SOLE   200,346 0 0
HANESBRANDS INC COMMON STOCK USD.01 410345102 906 14,535 SH   SOLE   14,535 0 0
HARRIS CORP COMMON STOCK USD1. 413875105 6,047 101,975 SH   SOLE   101,975 0 0
HEALTHSOUTH CORP W/D COMMON STOCK USD.01 421924309 2,094 60,728 SH   SOLE   60,728 0 0
HELMERICH + PAYNE COMMON STOCK USD.1 423452101 3,221 46,718 SH   SOLE   46,718 0 0
HEWLETT PACKARD CO COMMON STOCK USD.01 428236103 19,339 921,786 SH   SOLE   921,786 0 0
HILL ROM HOLDINGS INC COMMON STOCK NPV 431475102 1,648 45,985 SH   SOLE   45,985 0 0
HOLLYFRONTIER CORP COMMON STOCK USD.01 436106108 2,681 63,663 SH   SOLE   63,663 0 0
HOME DEPOT INC COMMON STOCK USD.05 437076102 4,941 65,144 SH   SOLE   65,144 0 0
HUMANA INC COMMON STOCK USD.166 444859102 27,460 294,225 SH   SOLE   294,225 0 0
HUNTINGTON INGALLS INDUSTRIE COMMON STOCK USD.01 446413106 16,319 242,126 SH   SOLE   242,126 0 0
HUNTSMAN CORP COMMON STOCK USD.01 447011107 3,667 177,919 SH   SOLE   177,919 0 0
ICONIX BRAND GROUP INC COMMON STOCK USD.001 451055107 9,280 279,359 SH   SOLE   279,359 0 0
INFOSYS LTD SP ADR ADR 456788108 28,313 588,504 SH   SOLE   588,504 0 0
INFOSYS LTD SP ADR ADR 456788108 67,903 1,411,420 SH   SOLE   0 0 1,411,420
INGREDION INC COMMON STOCK USD.01 457187102 2,510 37,929 SH   SOLE   37,929 0 0
INTEL CORP COMMON STOCK USD.001 458140100 8,049 351,169 SH   SOLE   351,169 0 0
INTL BUSINESS MACHINES CORP COMMON STOCK USD.2 459200101 9,896 53,439 SH   SOLE   53,439 0 0
INTERNATIONAL PAPER CO COMMON STOCK USD1. 460146103 12,122 270,577 SH   SOLE   270,577 0 0
ISHARES MSCI BRAZIL CAPPED ETF ISHARES MSCI BRAZIL CAPPED E 464286400 185 3,860 SH   SOLE   3,860 0 0
ISHARES MSCI CHILE CAPPED ETF ISHARES MSCI CHILE CAPPED ET 464286640 416 8,295 SH   SOLE   8,295 0 0
ISHARES MSCI TAIWAN ETF ISHARES MSCI TAIWAN ETF 464286731 2,152 154,609 SH   SOLE   154,609 0 0
ISHARES MSCI SOUTH KOREA CAPPE ISHARES MSCI SOUTH KOREA CAP 464286772 7,571 123,051 SH   SOLE   123,051 0 0
ISHARES MSCI MALAYSIA ETF ISHARES MSCI MALAYSIA ETF 464286830 629 41,813 SH   SOLE   41,813 0 0
ISHARES MSCI EMERGING MARKETS ISHARES MSCI EMERGING MARKET 464287234 89,337 2,191,235 SH   SOLE   2,191,235 0 0
ISHARES MSCI EMERGING MARKETS ISHARES MSCI EMERGING MARKET 464287234 135,352 3,319,897 SH   SOLE   0 0 3,319,897
ISHARES MSCI EAFE ETF ISHARES MSCI EAFE ETF 464287465 80,499 1,261,944 SH   SOLE   1,261,944 0 0
JABIL CIRCUIT INC COMMON STOCK USD.001 466313103 6,320 291,529 SH   SOLE   291,529 0 0
JOHNSON + JOHNSON COMMON STOCK USD1. 478160104 24,598 283,746 SH   SOLE   283,746 0 0
JOHNSON CONTROLS INC COMMON STOCK USD.01388 478366107 1,371 33,035 SH   SOLE   33,035 0 0
JOY GLOBAL INC COMMON STOCK USD1. 481165108 11,437 224,084 SH   SOLE   224,084 0 0
KLA TENCOR CORPORATION COMMON STOCK USD.001 482480100 6,919 113,698 SH   SOLE   113,698 0 0
KELLY SERVICES INC A COMMON STOCK USD1. 488152208 1,865 95,806 SH   SOLE   95,806 0 0
KENNAMETAL INC COMMON STOCK USD1.25 489170100 22,656 496,846 SH   SOLE   496,846 0 0
KIMBERLY CLARK CORP COMMON STOCK USD1.25 494368103 3,165 33,590 SH   SOLE   33,590 0 0
KINDRED HEALTHCARE INC COMMON STOCK USD.25 494580103 1,092 81,318 SH   SOLE   81,318 0 0
KOHLS CORP COMMON STOCK USD.01 500255104 4,510 87,153 SH   SOLE   87,153 0 0
KROGER CO COMMON STOCK USD1. 501044101 6,850 169,805 SH   SOLE   169,805 0 0
KULICKE + SOFFA INDUSTRIES COMMON STOCK NPV 501242101 1,441 124,742 SH   SOLE   124,742 0 0
LKQ CORP COMMON STOCK USD.01 501889208 1,294 40,629 SH   SOLE   40,629 0 0
LTC PROPERTIES INC REIT USD.01 502175102 747 19,667 SH   SOLE   19,667 0 0
L 3 COMMUNICATIONS HOLDINGS COMMON STOCK USD.01 502424104 6,060 64,129 SH   SOLE   64,129 0 0
LAM RESEARCH CORP COMMON STOCK USD.001 512807108 8,552 167,060 SH   SOLE   167,060 0 0
LAS VEGAS SANDS CORP COMMON STOCK USD.001 517834107 765 11,523 SH   SOLE   11,523 0 0
LASALLE HOTEL PROPERTIES REIT USD.01 517942108 5,589 195,968 SH   SOLE   195,968 0 0
LATTICE SEMICONDUCTOR CORP COMMON STOCK USD.01 518415104 604 135,423 SH   SOLE   135,423 0 0
LEAR CORP COMMON STOCK USD.01 521865204 5,916 82,657 SH   SOLE   82,657 0 0
LEUCADIA NATIONAL CORP COMMON STOCK USD1. 527288104 194 7,126 SH   SOLE   7,126 0 0
LINCOLN ELECTRIC HOLDINGS COMMON STOCK NPV 533900106 3,628 54,459 SH   SOLE   54,459 0 0
LINEAR TECHNOLOGY CORP COMMON STOCK USD.001 535678106 566 14,283 SH   SOLE   14,283 0 0
LITHIA MOTORS INC CL A COMMON STOCK NPV 536797103 973 13,331 SH   SOLE   13,331 0 0
LITTELFUSE INC COMMON STOCK USD.01 537008104 2,167 27,710 SH   SOLE   27,710 0 0
LORILLARD INC COMMON STOCK USD.01 544147101 7,435 166,041 SH   SOLE   166,041 0 0
LOUISIANA PACIFIC CORP COMMON STOCK USD1. 546347105 1,898 107,891 SH   SOLE   107,891 0 0
LOWE S COS INC COMMON STOCK USD.5 548661107 2,423 50,894 SH   SOLE   50,894 0 0
LYDALL INC COMMON STOCK USD.1 550819106 1,201 69,955 SH   SOLE   69,955 0 0
MDC HOLDINGS INC COMMON STOCK USD.01 552676108 6,808 226,871 SH   SOLE   226,871 0 0
MGM RESORTS INTERNATIONAL COMMON STOCK USD.01 552953101 1,228 60,100 SH   SOLE   60,100 0 0
MANHATTAN ASSOCIATES INC COMMON STOCK USD.01 562750109 1,941 20,338 SH   SOLE   20,338 0 0
MANITEX INTERNATIONAL INC COMMON STOCK NPV 563420108 442 40,455 SH   SOLE   40,455 0 0
MANITOWOC COMPANY INC COMMON STOCK USD.01 563571108 670 34,239 SH   SOLE   34,239 0 0
MARSH + MCLENNAN COS COMMON STOCK USD1. 571748102 418 9,604 SH   SOLE   9,604 0 0
MATADOR RESOURCES CO COMMON STOCK USD.01 576485205 773 47,324 SH   SOLE   47,324 0 0
MCDONALD S CORP COMMON STOCK USD.01 580135101 33,270 345,805 SH   SOLE   345,805 0 0
MEAD JOHNSON NUTRITION CO COMMON STOCK USD.01 582839106 1,331 17,927 SH   SOLE   17,927 0 0
MEDICINES COMPANY COMMON STOCK USD.001 584688105 489 14,580 SH   SOLE   14,580 0 0
MEDTRONIC INC COMMON STOCK USD.1 585055106 29,123 546,908 SH   SOLE   546,908 0 0
MELCO CROWN ENTERTAINME ADR ADR USD.01 585464100 955 30,000 SH   SOLE   30,000 0 0
MENTOR GRAPHICS CORP COMMON STOCK NPV 587200106 10,365 443,496 SH   SOLE   443,496 0 0
METHODE ELECTRONICS INC COMMON STOCK USD.5 591520200 1,960 70,000 SH   SOLE   70,000 0 0
MICROSOFT CORP COMMON STOCK USD.00000625 594918104 79,220 2,378,276 SH   SOLE   2,378,276 0 0
MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001 595017104 400 9,922 SH   SOLE   9,922 0 0
MONARCH CASINO + RESORT INC COMMON STOCK USD.01 609027107 1,418 74,703 SH   SOLE   74,703 0 0
MORGAN STANLEY COMMON STOCK USD.01 617446448 449 16,671 SH   SOLE   16,671 0 0
MURPHY OIL CORP COMMON STOCK USD1. 626717102 8,086 134,060 SH   SOLE   134,060 0 0
MURPHY USA INC COMMON STOCK 626755102 727 17,999 SH   SOLE   17,999 0 0
MYLAN INC COMMON STOCK USD.5 628530107 4,035 105,701 SH   SOLE   105,701 0 0
NN INC COMMON STOCK USD.01 629337106 1,211 77,849 SH   SOLE   77,849 0 0
NRG ENERGY INC COMMON STOCK USD.01 629377508 20,976 767,516 SH   SOLE   767,516 0 0
NASDAQ OMX GROUP/THE COMMON STOCK USD.01 631103108 1,486 46,304 SH   SOLE   46,304 0 0
NATIONAL OILWELL VARCO INC COMMON STOCK USD.01 637071101 27,775 355,591 SH   SOLE   355,591 0 0
NEENAH PAPER INC COMMON STOCK USD.01 640079109 1,971 50,150 SH   SOLE   50,150 0 0
NEWELL RUBBERMAID INC COMMON STOCK USD1. 651229106 25,484 926,674 SH   SOLE   926,674 0 0
NEWPARK RESOURCES INC COMMON STOCK USD.01 651718504 1,723 136,064 SH   SOLE   136,064 0 0
NIKE INC CL B COMMON STOCK NPV 654106103 4,954 68,198 SH   SOLE   68,198 0 0
NOKIA CORP SPON ADR ADR 654902204 1,010 155,180 SH   SOLE   155,180 0 0
NORFOLK SOUTHERN CORP COMMON STOCK USD1. 655844108 11,492 148,573 SH   SOLE   148,573 0 0
NORTHEAST UTILITIES COMMON STOCK USD5. 664397106 1,050 25,447 SH   SOLE   25,447 0 0
NORTHERN OIL AND GAS INC COMMON STOCK USD.001 665531109 2,265 156,989 SH   SOLE   156,989 0 0
NORTHROP GRUMMAN CORP COMMON STOCK USD1. 666807102 11,084 116,354 SH   SOLE   116,354 0 0
OASIS PETROLEUM INC COMMON STOCK USD.01 674215108 3,835 78,050 SH   SOLE   78,050 0 0
OCCIDENTAL PETROLEUM CORP COMMON STOCK USD.2 674599105 33,535 358,511 SH   SOLE   358,511 0 0
OCEANEERING INTL INC COMMON STOCK USD.25 675232102 198 2,439 SH   SOLE   2,439 0 0
OCWEN FINANCIAL CORP COMMON STOCK USD.01 675746309 2,501 44,839 SH   SOLE   44,839 0 0
OIL STATES INTERNATIONAL INC COMMON STOCK USD.01 678026105 1,176 11,369 SH   SOLE   11,369 0 0
OMNICARE INC COMMON STOCK USD1. 681904108 6,024 108,543 SH   SOLE   108,543 0 0
OMEGA HEALTHCARE INVESTORS REIT USD.1 681936100 5,153 172,500 SH   SOLE   172,500 0 0
OMNIVISION TECHNOLOGIES INC COMMON STOCK USD.001 682128103 2,337 152,624 SH   SOLE   152,624 0 0
ORMAT TECHNOLOGIES INC COMMON STOCK USD.001 686688102 2,109 78,782 SH   SOLE   78,782 0 0
OSHKOSH CORP COMMON STOCK USD.01 688239201 12,667 258,617 SH   SOLE   258,617 0 0
OUTERWALL INC COMMON STOCK USD.001 690070107 8,261 165,257 SH   SOLE   165,257 0 0
OWENS ILLINOIS INC COMMON STOCK USD.01 690768403 5,442 181,270 SH   SOLE   181,270 0 0
PICO HOLDINGS INC COMMON STOCK USD.001 693366205 783 36,135 SH   SOLE   36,135 0 0
PNC FINANCIAL SERVICES GROUP COMMON STOCK USD5. 693475105 16,940 233,810 SH   SOLE   233,810 0 0
POSCO ADR ADR 693483109 71,259 967,665 SH   SOLE   967,665 0 0
POSCO ADR ADR 693483109 100,290 1,361,894 SH   SOLE   0 0 1,361,894
PPG INDUSTRIES INC COMMON STOCK USD1.67 693506107 2,244 13,434 SH   SOLE   13,434 0 0
PVH CORP COMMON STOCK USD1. 693656100 677 5,700 SH   SOLE   5,700 0 0
PACCAR INC COMMON STOCK USD1. 693718108 525 9,425 SH   SOLE   9,425 0 0
PAREXEL INTERNATIONAL CORP COMMON STOCK USD.01 699462107 2,375 47,290 SH   SOLE   47,290 0 0
PARKER DRILLING CO COMMON STOCK USD.167 701081101 989 173,555 SH   SOLE   173,555 0 0
PARKER HANNIFIN CORP COMMON STOCK USD.5 701094104 1,044 9,603 SH   SOLE   9,603 0 0
PENNANTPARK INVESTMENT CORP COMMON STOCK USD.001 708062104 1,428 126,851 SH   SOLE   126,851 0 0
PEPSICO INC COMMON STOCK USD.017 713448108 21,898 275,449 SH   SOLE   275,449 0 0
PFIZER INC COMMON STOCK USD.05 717081103 88,432 3,080,193 SH   SOLE   3,080,193 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK NPV 718172109 30,072 347,290 SH   SOLE   347,290 0 0
PHOTOMEDEX INC COMMON STOCK USD.01 719358301 1,626 102,271 SH   SOLE   102,271 0 0
PIER 1 IMPORTS INC COMMON STOCK USD.001 720279108 2,053 105,176 SH   SOLE   105,176 0 0
PIKE ELECTRIC CORP COMMON STOCK USD.001 721283109 842 74,358 SH   SOLE   74,358 0 0
PINNACLE WEST CAPITAL COMMON STOCK NPV 723484101 3,274 59,804 SH   SOLE   59,804 0 0
PLANTRONICS INC COMMON STOCK USD.01 727493108 1,563 33,945 SH   SOLE   33,945 0 0
PLEXUS CORP COMMON STOCK USD.01 729132100 1,549 41,629 SH   SOLE   41,629 0 0
POST PROPERTIES INC REIT USD.01 737464107 3,573 79,354 SH   SOLE   79,354 0 0
POWELL INDUSTRIES INC COMMON STOCK USD.01 739128106 471 7,685 SH   SOLE   7,685 0 0
PRICELINE.COM INC COMMON STOCK USD.008 741503403 3,437 3,400 SH   SOLE   3,400 0 0
PROCTER + GAMBLE CO/THE COMMON STOCK 742718109 55,743 737,437 SH   SOLE   737,437 0 0
PROSPERITY BANCSHARES INC COMMON STOCK USD1. 743606105 7,149 115,597 SH   SOLE   115,597 0 0
PRUDENTIAL FINANCIAL INC COMMON STOCK USD.01 744320102 670 8,596 SH   SOLE   8,596 0 0
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK NPV 744573106 13,335 404,952 SH   SOLE   404,952 0 0
QUAD GRAPHICS INC COMMON STOCK USD.025 747301109 808 26,621 SH   SOLE   26,621 0 0
QUALITY SYSTEMS INC COMMON STOCK USD.01 747582104 570 26,210 SH   SOLE   26,210 0 0
RACKSPACE HOSTING INC COMMON STOCK USD.001 750086100 3,209 60,818 SH   SOLE   60,818 0 0
RAYTHEON COMPANY COMMON STOCK USD.01 755111507 27,982 363,075 SH   SOLE   363,075 0 0
REDWOOD TRUST INC REIT USD.01 758075402 742 37,700 SH   SOLE   37,700 0 0
REGAL BELOIT CORP COMMON STOCK USD.01 758750103 896 13,192 SH   SOLE   13,192 0 0
RELIANCE STEEL + ALUMINUM COMMON STOCK NPV 759509102 9,442 128,871 SH   SOLE   128,871 0 0
ROCK TENN COMPANY CL A COMMON STOCK USD.01 772739207 6,299 62,197 SH   SOLE   62,197 0 0
ROCKWELL COLLINS INC COMMON STOCK USD.01 774341101 919 13,548 SH   SOLE   13,548 0 0
ROSETTA RESOURCES INC COMMON STOCK USD.001 777779307 1,868 34,293 SH   SOLE   34,293 0 0
ROUNDY S INC COMMON STOCK USD.01 779268101 1,241 144,307 SH   SOLE   144,307 0 0
RYLAND GROUP INC/THE COMMON STOCK USD1. 783764103 6,149 151,666 SH   SOLE   151,666 0 0
SAFEWAY INC COMMON STOCK USD.01 786514208 4,055 126,756 SH   SOLE   126,756 0 0
SAGENT PHARMACEUTICALS INC COMMON STOCK USD.01 786692103 1,833 89,873 SH   SOLE   89,873 0 0
ST JUDE MEDICAL INC COMMON STOCK USD.1 790849103 13,082 243,891 SH   SOLE   243,891 0 0
SANDERSON FARMS INC COMMON STOCK USD1. 800013104 1,930 29,580 SH   SOLE   29,580 0 0
SAPPI LTD SPONSORED ADR ADR 803069202 339 136,059 SH   SOLE   136,059 0 0
HENRY SCHEIN INC COMMON STOCK USD.01 806407102 295 2,845 SH   SOLE   2,845 0 0
SCHLUMBERGER LTD COMMON STOCK USD.01 806857108 57,334 648,868 SH   SOLE   648,868 0 0
SEMPRA ENERGY COMMON STOCK NPV 816851109 1,655 19,339 SH   SOLE   19,339 0 0
SHINHAN FINANCIAL GROUP ADR ADR 824596100 2,229 55,038 SH   SOLE   55,038 0 0
SHOE CARNIVAL INC COMMON STOCK USD.01 824889109 1,847 68,398 SH   SOLE   68,398 0 0
SILGAN HOLDINGS INC COMMON STOCK USD.01 827048109 479 10,200 SH   SOLE   10,200 0 0
SIMON PROPERTY GROUP INC REIT USD.0001 828806109 2,776 18,728 SH   SOLE   18,728 0 0
SMITH + WESSON HOLDING CORP COMMON STOCK USD.001 831756101 1,017 92,584 SH   SOLE   92,584 0 0
JM SMUCKER CO/THE COMMON STOCK NPV 832696405 2,940 27,993 SH   SOLE   27,993 0 0
SOUTHERN CO/THE COMMON STOCK USD5. 842587107 2,180 52,930 SH   SOLE   52,930 0 0
SOUTHWEST AIRLINES CO COMMON STOCK USD1. 844741108 4,594 315,543 SH   SOLE   315,543 0 0
STAPLES INC COMMON STOCK USD.0006 855030102 2,833 193,398 SH   SOLE   193,398 0 0
STARBUCKS CORP COMMON STOCK USD.001 855244109 1,019 13,233 SH   SOLE   13,233 0 0
STATE STREET CORP COMMON STOCK USD1. 857477103 1,606 24,431 SH   SOLE   24,431 0 0
STEEL DYNAMICS INC COMMON STOCK USD.005 858119100 5,233 313,141 SH   SOLE   313,141 0 0
STERIS CORP COMMON STOCK NPV 859152100 2,095 48,766 SH   SOLE   48,766 0 0
STEWART INFORMATION SERVICES COMMON STOCK USD1. 860372101 2,230 69,721 SH   SOLE   69,721 0 0
STONE ENERGY CORP COMMON STOCK USD.01 861642106 3,031 93,463 SH   SOLE   93,463 0 0
STURM RUGER + CO INC COMMON STOCK USD1. 864159108 1,278 20,409 SH   SOLE   20,409 0 0
SUNTRUST BANKS INC COMMON STOCK USD1. 867914103 2,706 83,465 SH   SOLE   83,465 0 0
SUSQUEHANNA BANCSHARES INC COMMON STOCK USD2. 869099101 1,791 142,684 SH   SOLE   142,684 0 0
SYMANTEC CORP COMMON STOCK USD.01 871503108 637 25,749 SH   SOLE   25,749 0 0
SYNOPSYS INC COMMON STOCK USD.01 871607107 6,420 170,296 SH   SOLE   170,296 0 0
TESSCO TECHNOLOGIES INC COMMON STOCK USD.01 872386107 1,294 38,395 SH   SOLE   38,395 0 0
TECH DATA CORP COMMON STOCK USD.0015 878237106 967 19,384 SH   SOLE   19,384 0 0
TECK RESOURCES LTD CLS B COMMON STOCK NPV 878742204 15,796 588,519 SH   SOLE   588,519 0 0
TELLABS INC COMMON STOCK USD.01 879664100 14,042 6,185,931 SH   SOLE   6,185,931 0 0
TERADYNE INC COMMON STOCK USD.125 880770102 3,386 204,955 SH   SOLE   204,955 0 0
TERNIUM SA SPONSORED ADR ADR USD1. 880890108 75,536 3,144,700 SH   SOLE   3,144,700 0 0
TERNIUM SA SPONSORED ADR ADR USD1. 880890108 125,930 5,242,703 SH   SOLE   0 0 5,242,703
TESORO CORP COMMON STOCK USD.167 881609101 2,415 54,900 SH   SOLE   54,900 0 0
TEXTRON INC COMMON STOCK USD.125 883203101 19,151 693,643 SH   SOLE   693,643 0 0
THOMPSON CREEK METALS CO PREFERRED STOCK 05/15 6.5 884768300 214 11,550 SH   SOLE   11,550 0 0
TIFFANY + CO COMMON STOCK USD.01 886547108 9,188 119,917 SH   SOLE   119,917 0 0
TIME WARNER INC COMMON STOCK USD.01 887317303 2,412 36,644 SH   SOLE   36,644 0 0
TOWERS WATSON + CO CL A COMMON STOCK USD.01 891894107 3,513 32,842 SH   SOLE   32,842 0 0
TRACTOR SUPPLY COMPANY COMMON STOCK USD.008 892356106 628 9,356 SH   SOLE   9,356 0 0
TRANSDIGM GROUP INC COMMON STOCK USD.01 893641100 521 3,759 SH   SOLE   3,759 0 0
TREE.COM INC COMMON STOCK USD.01 894675107 1,114 42,433 SH   SOLE   42,433 0 0
TRINITY INDUSTRIES INC COMMON STOCK USD1. 896522109 5,017 110,622 SH   SOLE   110,622 0 0
TRIPLE S MANAGEMENT CORP B COMMON STOCK USD1. 896749108 991 53,884 SH   SOLE   53,884 0 0
TRIUMPH GROUP INC COMMON STOCK USD.001 896818101 3,394 48,335 SH   SOLE   48,335 0 0
TUTOR PERINI CORP COMMON STOCK USD1. 901109108 470 22,068 SH   SOLE   22,068 0 0
TYSON FOODS INC CL A COMMON STOCK USD.1 902494103 11,350 401,331 SH   SOLE   401,331 0 0
UGI CORP COMMON STOCK NPV 902681105 10,687 273,122 SH   SOLE   273,122 0 0
US BANCORP COMMON STOCK USD.01 902973304 27,949 764,053 SH   SOLE   764,053 0 0
URS CORP COMMON STOCK USD.01 903236107 9,790 182,148 SH   SOLE   182,148 0 0
ULTRA PETROLEUM CORP COMMON STOCK NPV 903914109 14,185 689,585 SH   SOLE   689,585 0 0
UMPQUA HOLDINGS CORP COMMON STOCK NPV 904214103 5,180 319,348 SH   SOLE   319,348 0 0
UNILEVER PLC SPONSORED ADR ADR 904767704 1,648 42,711 SH   SOLE   42,711 0 0
UNION PACIFIC CORP COMMON STOCK USD2.5 907818108 4,111 26,467 SH   SOLE   26,467 0 0
UNISYS CORP COMMON STOCK USD.01 909214306 707 28,066 SH   SOLE   28,066 0 0
UNIT CORP COMMON STOCK USD.2 909218109 4,758 102,352 SH   SOLE   102,352 0 0
UNITED FIRE GROUP INC COMMON STOCK USD.001 910340108 2,002 65,718 SH   SOLE   65,718 0 0
UNITED STATIONERS INC COMMON STOCK USD.1 913004107 1,530 35,170 SH   SOLE   35,170 0 0
UNIVERSAL HEALTH SERVICES B COMMON STOCK USD.01 913903100 8,991 119,899 SH   SOLE   119,899 0 0
URBAN OUTFITTERS INC COMMON STOCK USD.0001 917047102 596 16,200 SH   SOLE   16,200 0 0
URSTADT BIDDLE CLASS A REIT USD.01 917286205 429 21,560 SH   SOLE   21,560 0 0
VF CORP COMMON STOCK NPV 918204108 683 3,429 SH   SOLE   3,429 0 0
VALASSIS COMMUNICATIONS INC COMMON STOCK USD.01 918866104 7,227 250,244 SH   SOLE   250,244 0 0
VALMONT INDUSTRIES COMMON STOCK USD1. 920253101 7,659 55,135 SH   SOLE   55,135 0 0
VALSPAR CORP COMMON STOCK USD.5 920355104 1,012 15,947 SH   SOLE   15,947 0 0
VANGUARD FTSE EMERGING MARKETS VANGUARD FTSE EMERGING MARKE 922042858 201 5,000 SH   SOLE   5,000 0 0
WABASH NATIONAL CORP COMMON STOCK USD.01 929566107 3,133 268,685 SH   SOLE   268,685 0 0
WABTEC CORP COMMON STOCK USD.01 929740108 6,242 99,286 SH   SOLE   99,286 0 0
WADDELL + REED FINANCIAL A COMMON STOCK USD.01 930059100 4,795 93,137 SH   SOLE   93,137 0 0
WAL MART STORES INC COMMON STOCK USD.1 931142103 16,331 220,815 SH   SOLE   220,815 0 0
WALGREEN CO COMMON STOCK USD.078125 931422109 2,355 43,772 SH   SOLE   43,772 0 0
WASHINGTON FEDERAL INC COMMON STOCK USD1. 938824109 1,757 84,969 SH   SOLE   84,969 0 0
WEBSTER FINANCIAL CORP COMMON STOCK USD.01 947890109 8,559 335,268 SH   SOLE   335,268 0 0
WELLS FARGO + CO COMMON STOCK USD1.666 949746101 38,721 937,099 SH   SOLE   937,099 0 0
WESTERN DIGITAL CORP COMMON STOCK USD.01 958102105 19,297 304,373 SH   SOLE   304,373 0 0
WESTERN REFINING INC COMMON STOCK USD.01 959319104 849 28,268 SH   SOLE   28,268 0 0
WESTERN UNION CO COMMON STOCK USD.01 959802109 2,659 142,504 SH   SOLE   142,504 0 0
WILEY (JOHN) + SONS CLASS A COMMON STOCK USD1. 968223206 4,149 87,000 SH   SOLE   87,000 0 0
WORLD FUEL SERVICES CORP COMMON STOCK USD.01 981475106 3,483 93,363 SH   SOLE   93,363 0 0
WYNN RESORTS LTD COMMON STOCK USD.01 983134107 4,449 28,157 SH   SOLE   28,157 0 0
XEROX CORP COMMON STOCK USD1. 984121103 3,739 363,386 SH   SOLE   363,386 0 0
YANZHOU COAL MINING SP ADR ADR CNY1. 984846105 536 56,113 SH   SOLE   56,113 0 0
PETROCHINA CO LTD ADR ADR 71646E100 980 8,909 SH   SOLE   8,909 0 0
VERISIGN INC COMMON STOCK USD.001 92343E102 8,509 167,204 SH   SOLE   167,204 0 0
EXPRESS INC COMMON STOCK 30219E103 6,282 266,319 SH   SOLE   266,319 0 0
HCI GROUP INC COMMON STOCK NPV 40416E103 1,592 38,983 SH   SOLE   38,983 0 0
AMERISOURCEBERGEN CORP COMMON STOCK USD.01 03073E105 3,732 61,073 SH   SOLE   61,073 0 0
TARGET CORP COMMON STOCK USD.0833 87612E106 27,830 434,986 SH   SOLE   434,986 0 0
NAVISTAR INTERNATIONAL CORP COMMON STOCK USD.1 63934E108 14,883 407,971 SH   SOLE   407,971 0 0
DR PEPPER SNAPPLE GROUP INC COMMON STOCK USD.01 26138E109 6,694 149,346 SH   SOLE   149,346 0 0
TRAVELERS COS INC/THE COMMON STOCK NPV 89417E109 6,471 76,340 SH   SOLE   76,340 0 0
VALE SA SP PREF ADR ADR NPV 91912E204 1,289 90,683 SH   SOLE   90,683 0 0
ADT CORP/THE COMMON STOCK USD.01 00101J106 4,677 115,021 SH   SOLE   115,021 0 0
AES CORP COMMON STOCK USD.01 00130H105 10,045 755,804 SH   SOLE   755,804 0 0
AK STEEL CORP COMPANY GUAR 11/19 5. 001546AP5 235 250,000 SH   SOLE   250,000 0 0
AT+T INC COMMON STOCK USD1. 00206R102 6,368 188,305 SH   SOLE   188,305 0 0
ABBVIE INC COMMON STOCK USD.01 00287Y109 1,138 25,447 SH   SOLE   25,447 0 0
ACORDA THERAPEUTICS INC COMMON STOCK USD.001 00484M106 2,234 65,175 SH   SOLE   65,175 0 0
ACTAVIS INC COMMON STOCK 00507K103 2,146 14,904 SH   SOLE   14,904 0 0
ADVANCED SEMICONDUCTOR E ADR ADR 00756M404 1,011 211,551 SH   SOLE   211,551 0 0
AECOM TECHNOLOGY CORP COMMON STOCK USD.01 00766T100 7,426 237,477 SH   SOLE   237,477 0 0
AETNA INC COMMON STOCK USD.01 00817Y108 1,832 28,621 SH   SOLE   28,621 0 0
AGILENT TECHNOLOGIES INC COMMON STOCK USD.01 00846U101 2,050 40,000 SH   SOLE   40,000 0 0
ALNYLAM PHARMACEUTICALS INC COMMON STOCK USD.01 02043Q107 1,019 15,923 SH   SOLE   15,923 0 0
AMERICA MOVIL ADR SERIES L ADR NPV 02364W105 1,863 94,048 SH   SOLE   94,048 0 0
AMERICA MOVIL ADR SERIES L ADR NPV 02364W105 48,527 2,449,635 SH   SOLE   0 0 2,449,635
AMERICAN CAPITAL AGENCY CORP REIT USD.01 02503X105 1,199 53,122 SH   SOLE   53,122 0 0
ANSYS INC COMMON STOCK USD.01 03662Q105 3,991 46,130 SH   SOLE   46,130 0 0
APOLLO COMMERCIAL REAL ESTAT REIT USD.01 03762U105 2,100 137,510 SH   SOLE   137,510 0 0
ASSURANT INC COMMON STOCK USD.01 04621X108 6,539 120,864 SH   SOLE   120,864 0 0
AUXILIUM PHARMACEUTICALS INC COMMON STOCK USD.01 05334D107 835 45,825 SH   SOLE   45,825 0 0
AVISTA CORP COMMON STOCK NPV 05379B107 1,831 69,371 SH   SOLE   69,371 0 0
AXIALL CORP COMMON STOCK USD.01 05463D100 1,323 35,009 SH   SOLE   35,009 0 0
BPZ RESOURCES INC SR UNSECURED 03/15 6.5 055639AB4 2,138 2,325,000 SH   SOLE   2,325,000 0 0
BPZ RESOURCES INC SR UNSECURED 03/15 6.5 055639AB4 1,080 1,175,000 SH   SOLE   0 0 1,175,000
BANCOLOMBIA S.A. SPONS ADR ADR 05968L102 53,882 936,420 SH   SOLE   936,420 0 0
BANCOLOMBIA S.A. SPONS ADR ADR 05968L102 43,074 748,593 SH   SOLE   0 0 748,593
BIOGEN IDEC INC COMMON STOCK USD.0005 09062X103 2,150 8,930 SH   SOLE   8,930 0 0
C+J ENERGY SERVICES INC COMMON STOCK USD.01 12467B304 903 44,957 SH   SOLE   44,957 0 0
CAI INTERNATIONAL INC COMMON STOCK USD.0001 12477X106 1,109 47,638 SH   SOLE   47,638 0 0
CBRE GROUP INC A COMMON STOCK USD.01 12504L109 7,267 314,175 SH   SOLE   314,175 0 0
CA INC COMMON STOCK USD.1 12673P105 10,826 364,894 SH   SOLE   364,894 0 0
CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01 14040H105 23,374 340,042 SH   SOLE   340,042 0 0
CARDINAL HEALTH INC COMMON STOCK NPV 14149Y108 2,604 49,938 SH   SOLE   49,938 0 0
CARRIZO OIL + GAS INC COMPANY GUAR 06/28 4.375 144577AA1 1,840 2,000,000 SH   SOLE   0 0 2,000,000
CENOVUS ENERGY INC COMMON STOCK NPV 15135U109 26,488 887,372 SH   SOLE   887,372 0 0
CEPHEID INC COMMON STOCK NPV 15670R107 1,040 26,642 SH   SOLE   26,642 0 0
CHINA MOBILE LTD SPON ADR ADR 16941M109 2,545 45,099 SH   SOLE   45,099 0 0
CHIQUITA BRANDS INTL SR UNSECURED 08/16 4.25 170032AT3 1,479 1,510,000 SH   SOLE   1,510,000 0 0
CHIQUITA BRANDS INTL SR UNSECURED 08/16 4.25 170032AT3 686 700,000 SH   SOLE   0 0 700,000
CISCO SYSTEMS INC COMMON STOCK USD.001 17275R102 28,812 1,230,221 SH   SOLE   1,230,221 0 0
COCA COLA ENTERPRISES COMMON STOCK USD.01 19122T109 6,914 171,957 SH   SOLE   171,957 0 0
COLONY FINANCIAL INC REIT USD.01 19624R106 865 43,311 SH   SOLE   43,311 0 0
COMCAST CORP CLASS A COMMON STOCK USD1. 20030N101 8,873 196,526 SH   SOLE   196,526 0 0
CIA PARANAENSE ENER SP ADR P ADR NPV 20441B407 507 36,295 SH   SOLE   36,295 0 0
ATLANTICUS HOLDINGS CORP SR UNSECURED 11/35 5.875 20478NAD2 804 2,000,000 SH   SOLE   2,000,000 0 0
CONOCOPHILLIPS COMMON STOCK USD.01 20825C104 6,721 96,695 SH   SOLE   96,695 0 0
CORELOGIC INC COMMON STOCK USD1. 21871D103 2,363 87,352 SH   SOLE   87,352 0 0
CORRECTIONS CORP OF AMERICA REIT USD.01 22025Y407 3,029 87,678 SH   SOLE   87,678 0 0
CRACKER BARREL OLD COUNTRY COMMON STOCK USD.01 22410J106 4,290 41,558 SH   SOLE   41,558 0 0
CYBERONICS INC COMMON STOCK USD.01 23251P102 2,143 42,230 SH   SOLE   42,230 0 0
DELL INC COMMON STOCK USD.01 24702R101 1,768 128,366 SH   SOLE   128,366 0 0
DIAMOND OFFSHORE DRILLING COMMON STOCK USD.01 25271C102 773 12,400 SH   SOLE   12,400 0 0
DIRECTV COMMON STOCK USD.01 25490A309 9,192 153,840 SH   SOLE   153,840 0 0
DOMINION RESOURCES INC/VA COMMON STOCK NPV 25746U109 1,908 30,537 SH   SOLE   30,537 0 0
DUKE ENERGY CORP COMMON STOCK USD.001 26441C204 2,379 35,626 SH   SOLE   35,626 0 0
DYNEGY INC COMMON STOCK USD.01 26817R108 7,122 368,612 SH   SOLE   368,612 0 0
EPL OIL + GAS INC COMMON STOCK USD.001 26883D108 1,569 42,293 SH   SOLE   42,293 0 0
EPR PROPERTIES REIT USD.01 26884U109 2,651 54,385 SH   SOLE   54,385 0 0
EAST WEST BANCORP INC COMMON STOCK USD.001 27579R104 4,554 142,544 SH   SOLE   142,544 0 0
EINSTEIN NOAH RESTAURANT GRO COMMON STOCK USD.001 28257U104 947 54,665 SH   SOLE   54,665 0 0
EMBRAER SA ADR ADR 29082A107 669 20,590 SH   SOLE   20,590 0 0
EMERGENT BIOSOLUTIONS INC COMMON STOCK USD.001 29089Q105 1,389 72,936 SH   SOLE   72,936 0 0
ENDO HEALTH SOLUTIONS INC COMMON STOCK USD.01 29264F205 6,107 134,396 SH   SOLE   134,396 0 0
ENERGIZER HOLDINGS INC COMMON STOCK USD.01 29266R108 9,260 101,592 SH   SOLE   101,592 0 0
ENERSYS COMMON STOCK USD.01 29275Y102 10,708 176,613 SH   SOLE   176,613 0 0
ENTEGRIS INC COMMON STOCK USD.01 29362U104 2,529 249,120 SH   SOLE   249,120 0 0
ENTERGY CORP COMMON STOCK USD.01 29364G103 8,792 139,140 SH   SOLE   139,140 0 0
EPIZYME INC COMMON STOCK 29428V104 567 14,131 SH   SOLE   14,131 0 0
EQUINIX INC COMMON STOCK USD.001 29444U502 204 1,112 SH   SOLE   1,112 0 0
EXELON CORP COMMON STOCK NPV 30161N101 3,749 126,470 SH   SOLE   126,470 0 0
EXELIS INC COMMON STOCK USD.01 30162A108 2,542 161,816 SH   SOLE   161,816 0 0
EXPEDIA INC COMMON STOCK USD.001 30212P303 20,847 402,532 SH   SOLE   402,532 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK USD.01 30219G108 28,919 468,103 SH   SOLE   468,103 0 0
EXTRA SPACE STORAGE INC REIT USD.01 30225T102 7,565 165,350 SH   SOLE   165,350 0 0
EXXON MOBIL CORP COMMON STOCK NPV 30231G102 109,522 1,272,925 SH   SOLE   1,272,925 0 0
FEDEX CORP COMMON STOCK USD.1 31428X106 5,605 49,121 SH   SOLE   49,121 0 0
FIDELITY NATIONAL INFORMATIO COMMON STOCK USD.01 31620M106 2,493 53,692 SH   SOLE   53,692 0 0
FIDELITY NATIONAL FINL A COMMON STOCK USD.0001 31620R105 5,096 191,564 SH   SOLE   191,564 0 0
FIFTH STREET FINANCE CORP COMMON STOCK USD.01 31678A103 1,551 150,730 SH   SOLE   150,730 0 0
FIRST CITIZENS BCSHS CL A COMMON STOCK USD1. 31946M103 1,147 5,577 SH   SOLE   5,577 0 0
FIRST COMMUNITY BANCSHARES COMMON STOCK USD1. 31983A103 536 32,810 SH   SOLE   32,810 0 0
FIRST DEFIANCE FINL CORP COMMON STOCK USD.01 32006W106 1,447 61,874 SH   SOLE   61,874 0 0
FOSSIL GROUP INC COMMON STOCK USD.01 34988V106 1,479 12,723 SH   SOLE   12,723 0 0
FREEPORT MCMORAN COPPER W/I COMMON STOCK USD.1 35671D857 13,846 418,547 SH   SOLE   418,547 0 0
GAMESTOP CORP CLASS A COMMON STOCK USD.001 36467W109 2,628 52,931 SH   SOLE   52,931 0 0
GENERAL MOTORS CO COMMON STOCK USD.01 37045V100 8,524 236,963 SH   SOLE   236,963 0 0
GENERAL MOTORS CO WTS CALL EXP 10JUL16 37045V118 3,768 142,631 SH   SOLE   142,631 0 0
GENERAL MOTORS CO WTS CALL EXP 10JUL19 37045V126 3,041 163,511 SH   SOLE   163,511 0 0
GEOSPACE TECHNOLOGIES CORP COMMON STOCK USD.01 37364X109 1,898 22,516 SH   SOLE   22,516 0 0
GLOBAL BRASS + COPPER HOLDIN COMMON STOCK 37953G103 735 41,927 SH   SOLE   41,927 0 0
GOLD FIELDS LTD SPONS ADR ADR 38059T106 123 26,854 SH   SOLE   26,854 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK USD.01 38141G104 5,975 37,764 SH   SOLE   37,764 0 0
GOOGLE INC CL A COMMON STOCK USD.001 38259P508 15,230 17,388 SH   SOLE   17,388 0 0
GOVERNMENT PROPERTIES INCOME REIT USD.01 38376A103 3,239 135,338 SH   SOLE   135,338 0 0
GREATBATCH INC COMMON STOCK USD.001 39153L106 1,313 38,592 SH   SOLE   38,592 0 0
HCA HOLDINGS INC COMMON STOCK USD.01 40412C101 3,078 71,990 SH   SOLE   71,990 0 0
HOMESTREET INC COMMON STOCK 43785V102 2,209 114,477 SH   SOLE   114,477 0 0
HOSPITALITY PROPERTIES TRUST REIT USD.01 44106M102 962 33,990 SH   SOLE   33,990 0 0
HUTCHINSON TECHNOLOGY SR UNSECURED 01/26 8.5 448407AG1 1,816 2,000,000 SH   SOLE   2,000,000 0 0
IAC/INTERACTIVECORP COMMON STOCK USD.001 44919P508 11,062 202,336 SH   SOLE   202,336 0 0
ITT EDUCATIONAL SERVICES INC COMMON STOCK USD.01 45068B109 1,454 46,917 SH   SOLE   46,917 0 0
INFORMATICA CORP COMMON STOCK USD.001 45666Q102 2,985 76,608 SH   SOLE   76,608 0 0
INSIGHT ENTERPRISES INC COMMON STOCK USD.01 45765U103 1,912 101,032 SH   SOLE   101,032 0 0
INSYS THERAPEUTICS INC COMMON STOCK USD.0002145 45824V209 1,605 45,884 SH   SOLE   45,884 0 0
INTERCONTINENTALEXCHANGE W/I COMMON STOCK USD.01 45865V100 116 641 SH   SOLE   641 0 0
INTERDIGITAL INC COMMON STOCK USD.01 45867G101 3,980 106,606 SH   SOLE   106,606 0 0
INVESCO MORTGAGE CAPITAL REIT USD.01 46131B100 1,656 107,600 SH   SOLE   107,600 0 0
ISHARES MSCI INDONESIA ETF ISHARES MSCI INDONESIA ETF 46429B309 201 8,521 SH   SOLE   8,521 0 0
ISHARES MSCI POLAND CAPPED ETF ISHARES MSCI POLAND CAPPED E 46429B606 2,322 81,095 SH   SOLE   81,095 0 0
JPMORGAN CHASE + CO COMMON STOCK USD1. 46625H100 50,232 971,795 SH   SOLE   971,795 0 0
JINKOSOLAR HOLDING CO LT SR UNSECURED 144A 05/16 4. 47759TAA8 976 1,000,000 SH   SOLE   1,000,000 0 0
JONES LANG LASALLE INC COMMON STOCK USD.01 48020Q107 12,654 144,953 SH   SOLE   144,953 0 0
J2 GLOBAL INC COMMON STOCK USD.01 48123V102 6,304 127,296 SH   SOLE   127,296 0 0
KIMCO REALTY CORP REIT USD.01 49446R109 2,450 121,397 SH   SOLE   121,397 0 0
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 26,666 508,504 SH   SOLE   508,504 0 0
LEVEL 3 COMMUNICATIONS INC COMMON STOCK USD.01 52729N308 11,896 445,722 SH   SOLE   445,722 0 0
LIBERTY INTERACTIVE CORP A COMMON STOCK USD.01 53071M104 1,887 80,400 SH   SOLE   80,400 0 0
MB FINANCIAL INC COMMON STOCK USD.01 55264U108 1,259 44,573 SH   SOLE   44,573 0 0
MRC GLOBAL INC COMMON STOCK USD.01 55345K103 4,410 164,544 SH   SOLE   164,544 0 0
MACY S INC COMMON STOCK USD.01 55616P104 24,212 559,564 SH   SOLE   559,564 0 0
MANNING + NAPIER INC COMMON STOCK USD.01 56382Q102 1,094 65,564 SH   SOLE   65,564 0 0
MANNKIND CORP SR UNSECURED 12/13 3.75 56400PAA0 619 625,000 SH   SOLE   625,000 0 0
MANNKIND CORP SR UNSECURED 12/13 3.75 56400PAA0 371 375,000 SH   SOLE   0 0 375,000
MANNKIND CORP SR UNSECURED 08/15 5.75 56400PAC6 3,185 3,005,000 SH   SOLE   3,005,000 0 0
MANNKIND CORP SR UNSECURED 08/15 5.75 56400PAC6 2,836 2,675,000 SH   SOLE   0 0 2,675,000
MARATHON PETROLEUM CORP COMMON STOCK 56585A102 4,830 75,101 SH   SOLE   75,101 0 0
MARKETAXESS HOLDINGS INC COMMON STOCK USD.003 57060D108 2,065 34,392 SH   SOLE   34,392 0 0
MARRIOTT VACATIONS WORLD COMMON STOCK USD.01 57164Y107 8,087 183,803 SH   SOLE   183,803 0 0
MASTERCARD INC CLASS A COMMON STOCK USD.0001 57636Q104 1,027 1,526 SH   SOLE   1,526 0 0
MCKESSON CORP COMMON STOCK USD.01 58155Q103 6,788 52,909 SH   SOLE   52,909 0 0
MEDICAL PROPERTIES TRUST INC REIT USD.001 58463J304 795 65,324 SH   SOLE   65,324 0 0
MEDIVATION INC COMMON STOCK USD.01 58501N101 1,253 20,900 SH   SOLE   20,900 0 0
MEDNAX INC COMMON STOCK USD.01 58502B106 4,668 46,492 SH   SOLE   46,492 0 0
MERCK + CO. INC. COMMON STOCK USD.5 58933Y105 78,140 1,641,249 SH   SOLE   1,641,249 0 0
METLIFE INC COMMON STOCK USD.01 59156R108 21,316 454,017 SH   SOLE   454,017 0 0
MOLSON COORS BREWING CO B COMMON STOCK USD.01 60871R209 8,925 178,030 SH   SOLE   178,030 0 0
MOSAIC CO/THE COMMON STOCK USD.01 61945C103 17,707 411,605 SH   SOLE   411,605 0 0
MYRIAD GENETICS INC COMMON STOCK USD.01 62855J104 371 15,800 SH   SOLE   15,800 0 0
NATIONSTAR MORTGAGE HOLDINGS COMMON STOCK USD.01 63861C109 2,747 48,858 SH   SOLE   48,858 0 0
NETGEAR INC COMMON STOCK USD.001 64111Q104 1,642 53,195 SH   SOLE   53,195 0 0
NEUROCRINE BIOSCIENCES INC COMMON STOCK USD.001 64125C109 972 85,874 SH   SOLE   85,874 0 0
NEXTERA ENERGY INC COMMON STOCK USD.01 65339F101 2,515 31,375 SH   SOLE   31,375 0 0
NU SKIN ENTERPRISES INC A COMMON STOCK USD.001 67018T105 1,695 17,700 SH   SOLE   17,700 0 0
NVIDIA CORP COMMON STOCK USD.001 67066G104 554 35,625 SH   SOLE   35,625 0 0
O REILLY AUTOMOTIVE INC COMMON STOCK USD.01 67103H107 3,312 25,955 SH   SOLE   25,955 0 0
OMEGA PROTEIN CORP COMMON STOCK USD.01 68210P107 1,392 136,860 SH   SOLE   136,860 0 0
ORACLE CORP COMMON STOCK USD.01 68389X105 78,145 2,355,886 SH   SOLE   2,355,886 0 0
PC CONNECTION INC COMMON STOCK USD.01 69318J100 706 46,789 SH   SOLE   46,789 0 0
PDL BIOPHARMA INC COMMON STOCK USD.01 69329Y104 2,751 345,221 SH   SOLE   345,221 0 0
P G + E CORP COMMON STOCK NPV 69331C108 2,110 51,560 SH   SOLE   51,560 0 0
PPL CORPORATION COMMON STOCK USD.01 69351T106 2,855 93,981 SH   SOLE   93,981 0 0
PS BUSINESS PARKS INC/CA REIT USD.01 69360J107 912 12,219 SH   SOLE   12,219 0 0
PTC INC COMMON STOCK USD.01 69370C100 2,486 87,452 SH   SOLE   87,452 0 0
PEBBLEBROOK HOTEL TRUST REIT USD.01 70509V100 3,033 105,650 SH   SOLE   105,650 0 0
PENNYMAC MORTGAGE INVESTMENT REIT USD.01 70931T103 2,046 90,200 SH   SOLE   90,200 0 0
PERFICIENT INC COMMON STOCK USD.001 71375U101 1,815 98,839 SH   SOLE   98,839 0 0
PILGRIM S PRIDE CORP COMMON STOCK USD.01 72147K108 1,209 71,983 SH   SOLE   71,983 0 0
PRAXAIR INC COMMON STOCK USD.01 74005P104 720 5,991 SH   SOLE   5,991 0 0
PROSPECT CAPITAL CORP COMMON STOCK USD.001 74348T102 7,153 639,831 SH   SOLE   639,831 0 0
PUBLIC STORAGE REIT USD.1 74460D109 1,961 12,214 SH   SOLE   12,214 0 0
QUALITY DISTRIBUTION INC COMMON STOCK NPV 74756M102 1,027 111,138 SH   SOLE   111,138 0 0
QUESTCOR PHARMACEUTICALS COMMON STOCK NPV 74835Y101 6,655 114,743 SH   SOLE   114,743 0 0
RLJ LODGING TRUST REIT 74965L101 3,170 134,971 SH   SOLE   134,971 0 0
RPX CORP COMMON STOCK USD.0001 74972G103 1,567 89,389 SH   SOLE   89,389 0 0
RENEWABLE ENERGY GROUP INC COMMON STOCK USD.0001 75972A301 1,323 87,298 SH   SOLE   87,298 0 0
RETAIL OPPORTUNITY INVESTMEN REIT USD.0001 76131N101 3,240 234,448 SH   SOLE   234,448 0 0
SBA COMMUNICATIONS CORP CL A COMMON STOCK USD.01 78388J106 1,311 16,297 SH   SOLE   16,297 0 0
SPDR S+P 500 ETF TRUST SPDR S+P 500 ETF TRUST 78462F103 25,338 150,732 SH   SOLE   150,732 0 0
SS+C TECHNOLOGIES HOLDINGS COMMON STOCK USD.01 78467J100 3,046 79,947 SH   SOLE   79,947 0 0
SEALED AIR CORP COMMON STOCK USD.1 81211K100 2,989 109,931 SH   SOLE   109,931 0 0
HEALTH CARE SELECT SECTOR SPDR HEALTH CARE SELECT SECTOR 81369Y209 4,897 96,840 SH   SOLE   96,840 0 0
INDUSTRIAL SELECT SECTOR SPDR INDUSTRIAL SELECT SECT SPDR 81369Y704 9,909 213,695 SH   SOLE   213,695 0 0
SELECT COMFORT CORPORATION COMMON STOCK USD.01 81616X103 1,421 58,359 SH   SOLE   58,359 0 0
SELECT INCOME REIT REIT USD.01 81618T100 2,339 90,675 SH   SOLE   90,675 0 0
SKYWORKS SOLUTIONS INC COMMON STOCK USD.25 83088M102 6,944 279,545 SH   SOLE   279,545 0 0
SOHU.COM INC COMMON STOCK USD.001 83408W103 371 4,700 SH   SOLE   4,700 0 0
STARWOOD PROPERTY TRUST INC REIT USD.01 85571B105 4,056 169,209 SH   SOLE   169,209 0 0
STARZ A COMMON STOCK USD.01 85571Q102 4,256 151,295 SH   SOLE   151,295 0 0
SUNTECH POWER HLDGS CO SR UNSECURED 03/13 3. 86800CAE4 2,990 11,725,000 SH   SOLE   11,725,000 0 0
SYNNEX CORP COMMON STOCK USD.001 87162W100 2,426 39,482 SH   SOLE   39,482 0 0
TERRENO REALTY CORP REIT USD.01 88146M101 1,950 109,801 SH   SOLE   109,801 0 0
TETRA TECH INC COMMON STOCK USD.01 88162G103 2,850 110,070 SH   SOLE   110,070 0 0
TIBCO SOFTWARE INC COMMON STOCK USD.001 88632Q103 372 14,551 SH   SOLE   14,551 0 0
TIME WARNER CABLE COMMON STOCK USD.01 88732J207 16,204 145,193 SH   SOLE   145,193 0 0
USEC INC SR UNSECURED 10/14 3. 90333EAC2 3,144 13,671,000 SH   SOLE   13,671,000 0 0
USEC INC SR UNSECURED 10/14 3. 90333EAC2 1,104 4,800,000 SH   SOLE   0 0 4,800,000
US CONCRETE INC COMMON STOCK USD.001 90333L201 7,484 373,092 SH   SOLE   373,092 0 0
US AIRWAYS GROUP INC COMMON STOCK USD.01 90341W108 789 41,606 SH   SOLE   41,606 0 0
UNITED THERAPEUTICS CORP COMMON STOCK USD.01 91307C102 11,124 141,078 SH   SOLE   141,078 0 0
UNITEDHEALTH GROUP INC COMMON STOCK USD.01 91324P102 1,616 22,570 SH   SOLE   22,570 0 0
UNUM GROUP COMMON STOCK USD.1 91529Y106 4,865 159,807 SH   SOLE   159,807 0 0
VOXX INTERNATIONAL CORP COMMON STOCK USD.01 91829F104 1,220 89,050 SH   SOLE   89,050 0 0
VALERO ENERGY CORP COMMON STOCK USD.01 91913Y100 8,516 249,366 SH   SOLE   249,366 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 92343V104 6,602 141,484 SH   SOLE   141,484 0 0
VERINT SYSTEMS INC COMMON STOCK USD.001 92343X100 3,265 88,113 SH   SOLE   88,113 0 0
VIACOM INC CLASS B COMMON STOCK USD.001 92553P201 21,099 252,445 SH   SOLE   252,445 0 0
VODAFONE GROUP PLC SP ADR ADR 92857W209 2,921 83,030 SH   SOLE   83,030 0 0
WGL HOLDINGS INC COMMON STOCK NPV 92924F106 5,925 138,723 SH   SOLE   138,723 0 0
WABCO HOLDINGS INC COMMON STOCK USD.01 92927K102 759 9,003 SH   SOLE   9,003 0 0
WALKER + DUNLOP INC COMMON STOCK 93148P102 2,457 154,415 SH   SOLE   154,415 0 0
WELLPOINT INC COMMON STOCK USD.01 94973V107 9,801 117,221 SH   SOLE   117,221 0 0
WINTRUST FINANCIAL CORP COMMON STOCK NPV 97650W108 986 23,999 SH   SOLE   23,999 0 0
WYNDHAM WORLDWIDE CORP COMMON STOCK USD.01 98310W108 10,978 180,055 SH   SOLE   180,055 0 0
ZAGG INC COMMON STOCK USD.001 98884U108 554 123,213 SH   SOLE   123,213 0 0
ZIMMER HOLDINGS INC COMMON STOCK USD.01 98956P102 131 1,590 SH   SOLE   1,590 0 0
AON PLC COMMON STOCK USD.01 G0408V102 130 1,747 SH   SOLE   1,747 0 0
ACCENTURE PLC CL A COMMON STOCK USD.0000225 G1151C101 158 2,150 SH   SOLE   2,150 0 0
BUNGE LTD COMMON STOCK USD.01 G16962105 296 3,900 SH   SOLE   3,900 0 0
CONSOLIDATED WATER CO ORD SH COMMON STOCK USD.6 G23773107 749 50,000 SH   SOLE   50,000 0 0
COVIDIEN PLC COMMON STOCK USD.2 G2554F113 93 1,534 SH   SOLE   1,534 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK USD.01 G27823106 10,746 183,950 SH   SOLE   183,950 0 0
ENSCO PLC CL A COMMON STOCK USD.1 G3157S106 3,972 73,900 SH   SOLE   73,900 0 0
EVEREST RE GROUP LTD COMMON STOCK USD.01 G3223R108 6,652 45,745 SH   SOLE   45,745 0 0
FRESH DEL MONTE PRODUCE INC COMMON STOCK USD.01 G36738105 3,983 134,200 SH   SOLE   134,200 0 0
HERBALIFE LTD COMMON STOCK USD.002 G4412G101 2,993 42,900 SH   SOLE   42,900 0 0
INGERSOLL RAND PLC COMMON STOCK USD1. G47791101 486 7,487 SH   SOLE   7,487 0 0
JAZZ PHARMACEUTICALS PLC COMMON STOCK USD.0001 G50871105 5,216 56,715 SH   SOLE   56,715 0 0
MARVELL TECHNOLOGY GROUP LTD COMMON STOCK USD.002 G5876H105 4,197 364,940 SH   SOLE   364,940 0 0
MONTPELIER RE HOLDINGS LTD COMMON STOCK USD.001666 G62185106 1,750 67,187 SH   SOLE   67,187 0 0
NABORS INDUSTRIES LTD COMMON STOCK USD.001 G6359F103 3,842 239,203 SH   SOLE   239,203 0 0
RENAISSANCERE HOLDINGS LTD COMMON STOCK USD1. G7496G103 2,470 27,281 SH   SOLE   27,281 0 0
SEAGATE TECHNOLOGY COMMON STOCK USD.00001 G7945M107 1,736 39,698 SH   SOLE   39,698 0 0
VALIDUS HOLDINGS LTD COMMON STOCK USD.175 G9319H102 4,639 125,453 SH   SOLE   125,453 0 0
XL GROUP PLC COMMON STOCK USD.01 G98290102 1,820 59,037 SH   SOLE   59,037 0 0
ACE LTD COMMON STOCK CHF27.95 H0023R105 1,428 15,268 SH   SOLE   15,268 0 0
AVG TECHNOLOGIES COMMON STOCK EUR.01 N07831105 1,526 63,758 SH   SOLE   63,758 0 0
LYONDELLBASELL INDU CL A COMMON STOCK N53745100 7,378 100,754 SH   SOLE   100,754 0 0
COPA HOLDINGS SA CLASS A COMMON STOCK NPV P31076105 14,379 103,693 SH   SOLE   103,693 0 0
COPA HOLDINGS SA CLASS A COMMON STOCK NPV P31076105 19,225 138,640 SH   SOLE   0 0 138,640
AVAGO TECHNOLOGIES LTD COMMON STOCK Y0486S104 4,232 98,152 SH   SOLE   98,152 0 0