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
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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
ABBOTT LABORATORIES COMMON STOCK USD 002824100 4,806,426 106,762 SH   SOLE   106,762 0 0
ABBVIE INC. COMMON STOCK USD 00287Y109 59,660,505 911,957 SH   SOLE   911,957 0 0
AFLAC INCORPORATED COMMON STOCK USD 001055102 5,709,350 93,458 SH   SOLE   93,458 0 0
AMERICAN CAPITAL AGENCY CORP REIT USD 02503X105 4,496,412 205,974 SH   SOLE   205,974 0 0
AMERICAN EXPRESS COMPANY COMMON STOCK USD 025816109 12,263,943 131,842 SH   SOLE   131,842 0 0
APOLLO COMMERCIAL REAL ESTAT REIT USD 03762U105 4,280,250 261,789 SH   SOLE   261,789 0 0
APPLE INC. COMMON STOCK USD 037833100 5,698,037 51,622 SH   SOLE   51,622 0 0
ARTHUR J. GALLAGHER CO. COMMON STOCK USD 363576109 16,588,835 352,501 SH   SOLE   352,501 0 0
AUTOZONE, INC. COMMON STOCK USD 053332102 7,888,440 12,735 SH   SOLE   12,735 0 0
CABOT OIL GAS CORPORATION COMMON STOCK USD 127097103 3,880,679 131,104 SH   SOLE   131,104 0 0
CELGENE CORPORATION COMMON STOCK USD 151020104 9,372,861 83,791 SH   SOLE   83,791 0 0
CHEVRON CORPORATION COMMON STOCK USD 166764100 35,795,904 319,093 SH   SOLE   319,093 0 0
CISCO SYSTEMS, INC. COMMON STOCK USD 17275R102 38,355,400 1,379,186 SH   SOLE   1,379,186 0 0
COLGATE-PALMOLIVE COMPANY COMMON STOCK USD 194162103 4,267,650 61,698 SH   SOLE   61,698 0 0
COMCAST CORPORATION COMMON STOCK USD 20030N101 8,455,174 145,804 SH   SOLE   145,804 0 0
CUMMINS INC. COMMON STOCK USD 231021106 3,436,148 23,834 SH   SOLE   23,834 0 0
CYS INVESTMENTS, INC. REIT USD 12673A108 4,780,365 548,207 SH   SOLE   548,207 0 0
DIRECTV COMMON STOCK USD 25490A309 4,064,461 46,885 SH   SOLE   46,885 0 0
EMERSON ELECTRIC CO. COMMON STOCK USD 291011104 34,458,763 558,397 SH   SOLE   558,397 0 0
EOG RESOURCES, INC. COMMON STOCK USD 26875P101 3,992,919 43,373 SH   SOLE   43,373 0 0
EPR PROPERTIES REIT USD 26884U109 2,742,336 47,610 SH   SOLE   47,610 0 0
FACTSET RESEARCH SYSTEMS INC COMMON STOCK USD 303075105 4,316,099 30,665 SH   SOLE   30,665 0 0
GARTNER, INC. COMMON STOCK USD 366651107 5,830,363 69,236 SH   SOLE   69,236 0 0
GILEAD SCIENCES, INC. COMMON STOCK USD 375558103 8,566,820 90,885 SH   SOLE   90,885 0 0
GOOGLE INC. COMMON STOCK USD 38259P508 7,595,927 14,316 SH   SOLE   14,316 0 0
GOOGLE INC. COMMON STOCK USD 38259P706 7,675,819 14,582 SH   SOLE   14,582 0 0
HCP, INC. REIT USD 40414L109 1,842,303 41,842 SH   SOLE   41,842 0 0
HELMERICH PAYNE, INC. COMMON STOCK USD 423452101 2,724,847 40,416 SH   SOLE   40,416 0 0
ICICI BANK LIMITED ADR USD 45104G104 2,488,967 215,495 SH   SOLE   215,495 0 0
INVESCO MORTGAGE CAPITAL INC REIT USD 46131B100 4,922,943 318,431 SH   SOLE   318,431 0 0
ISHARES TRUST ETP USD 464287234 22,129,313 563,517 SH   SOLE   563,517 0 0
ISHARES, INC ETP USD 464286665 6,631,395 150,885 SH   SOLE   150,885 0 0
JOHNSON JOHNSON COMMON STOCK USD 478160104 39,173,673 374,616 SH   SOLE   374,616 0 0
LINEAR TECHNOLOGY CORPORATIO COMMON STOCK USD 535678106 3,355,978 73,596 SH   SOLE   73,596 0 0
LOCKHEED MARTIN CORPORATION COMMON STOCK USD 539830109 38,803,452 201,492 SH   SOLE   201,492 0 0
MARSH MCLENNAN COMPANIES, COMMON STOCK USD 571748102 3,378,287 59,030 SH   SOLE   59,030 0 0
MAXIM INTEGRATED PRODUCTS, I COMMON STOCK USD 57772K101 16,067,869 504,166 SH   SOLE   504,166 0 0
MCDONALD'S CORPORATION COMMON STOCK USD 580135101 21,762,433 232,256 SH   SOLE   232,256 0 0
MEAD JOHNSON NUTRITION COMPA COMMON STOCK USD 582839106 7,498,893 74,601 SH   SOLE   74,601 0 0
MERCK CO., INC. COMMON STOCK USD 58933Y105 12,292,309 216,452 SH   SOLE   216,452 0 0
MONSANTO COMPANY COMMON STOCK USD 61166W101 12,595,704 105,474 SH   SOLE   105,474 0 0
OLD DOMINION FREIGHT LINE, I COMMON STOCK USD 679580100 5,163,525 66,566 SH   SOLE   66,566 0 0
OMNICOM GROUP INC. COMMON STOCK USD 681919106 28,404,667 366,606 SH   SOLE   366,606 0 0
PFIZER INC. COMMON STOCK USD 717081103 50,798,814 1,630,770 SH   SOLE   1,630,770 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK USD 718172109 29,913,891 367,312 SH   SOLE   367,312 0 0
PLAINS ALL AMERICAN PIPELINE MLP USD 726503105 3,292,536 64,107 SH   SOLE   64,107 0 0
POLARIS INDUSTRIES INC. COMMON STOCK USD 731068102 6,395,637 42,288 SH   SOLE   42,288 0 0
QUALCOMM INCORPORATED COMMON STOCK USD 747525103 9,287,027 124,960 SH   SOLE   124,960 0 0
REYNOLDS AMERICAN INC. COMMON STOCK USD 761713106 45,399,757 706,611 SH   SOLE   706,611 0 0
ROYAL BANK OF CANADA COMMON STOCK CAD 780087102 39,419,370 569,354 SH   SOLE   569,354 0 0
SCHLUMBERGER LIMITED COMMON STOCK USD 806857108 9,629,601 112,772 SH   SOLE   112,772 0 0
SENIOR HOUSING PROPERTIES TR REIT USD 81721M109 5,738,518 259,544 SH   SOLE   259,544 0 0
SKYWORKS SOLUTIONS, INC. COMMON STOCK USD 83088M102 6,166,099 84,804 SH   SOLE   84,804 0 0
SPDR SERIES TRUST ETP USD 78464A417 6,971,808 180,570 SH   SOLE   180,570 0 0
STARWOOD PROPERTY TRUST, INC REIT USD 85571B105 3,807,304 163,896 SH   SOLE   163,896 0 0
TAIWAN SEMICONDUCTOR MANUFAC ADR USD 874039100 27,142,232 1,213,321 SH   SOLE   1,213,321 0 0
THE CLOROX COMPANY COMMON STOCK USD 189054109 32,757,014 314,456 SH   SOLE   314,456 0 0
THE COOPER COMPANIES, INC. COMMON STOCK USD 216648402 9,603,994 59,251 SH   SOLE   59,251 0 0
THE TJX COMPANIES, INC. COMMON STOCK USD 872540109 14,058,290 205,021 SH   SOLE   205,021 0 0
THE WALT DISNEY COMPANY COMMON STOCK USD 254687106 11,332,250 120,351 SH   SOLE   120,351 0 0
TWO HARBORS INVESTMENT CORP. REIT USD 90187B101 5,147,466 513,207 SH   SOLE   513,207 0 0
UBIQUITI NETWORKS, INC. COMMON STOCK USD 90347A100 2,083,751 70,302 SH   SOLE   70,302 0 0
UNION PACIFIC CORPORATION COMMON STOCK USD 907818108 5,696,198 47,823 SH   SOLE   47,823 0 0
UNITED TECHNOLOGIES CORPORAT COMMON STOCK USD 913017109 8,532,310 74,194 SH   SOLE   74,194 0 0
VISA INC. COMMON STOCK USD 92826C839 4,821,596 18,389 SH   SOLE   18,389 0 0
WADDELL REED FINANCIAL, IN COMMON STOCK USD 930059100 3,096,213 62,148 SH   SOLE   62,148 0 0
WAL-MART STORES, INC. COMMON STOCK USD 931142103 5,786,066 67,366 SH   SOLE   67,366 0 0
WEINGARTEN REALTY INVESTORS REIT USD 948741103 2,800,759 80,205 SH   SOLE   80,205 0 0
WELLS FARGO COMPANY COMMON STOCK USD 949746101 14,628,881 266,853 SH   SOLE   266,853 0 0
WESTERN DIGITAL CORPORATION COMMON STOCK USD 958102105 3,425,966 30,951 SH   SOLE   30,951 0 0