DOCSLIB.ORG

Halma Plc Annual Report and Accounts 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Halma Plc Annual Report and Accounts 2013 Halma plc Halma plc Misbourne Court Rectory Way INVESTMENT Amersham Bucks HP7 0DE A Tel +44(0)1494 721111 nnual PROPOSITION Fax +44(0)1494 728032 Web www.halma.com R epor Halma has an impressive record of creating sustained shareholder value through the economic cycle. We have consistently delivered record profits, high returns, strong t and t and cash flows with low levels of balance sheet gearing and have a 30+ year track record of growing dividend payments by 5% or more every year. A ccount Our ability to achieve record profits through the recent periods of economic turbulence is derived from our strategy of having a group of businesses building strong competitive advantage in specialised safety, health and environmental technology markets with resilient growth drivers. s 2013 These growth drivers, such as increasing Health and Safety regulation, mean that demand for our products is sustained, in both developed and developing regions, through periods of significant macro-economic change. Organic growth generates the financial and business resources we need to fund acquisitions and keep increasing dividends. We generate organic growth momentum by increasing levels of investment in people development, new product development and establishing platforms for growth in developing markets. Here, the need for improving Safety, Health and Environmental regulation is increasingly recognised by governments and demanded by the wider population. Over the long term, we actively manage the mix of businesses in our Group to ensure we can sustain strong growth and returns. We acquire businesses to accelerate penetration of more attractive market niches, we merge businesses when market characteristics change and we exit markets which offer less attractive long-term growth and returns through carefully planned disposals. Halma’s resilient market qualities, organic growth momentum and active portfolio management position us strongly to create shareholder value and achieve high levels of performance in the future. Outperforming the market – Total Shareholder Return (five years) 350 300 PROTECTING LIFE AND 250 200 IMPROVING QUALITY 150 OF LIFE 100 50 2008 2009 2010 2011 2012 2013 Halma plc Annual Report and Accounts 2013 Halma FTSE 250 FTSE 350 Electronic & Electrical Equipment Halma plc Halma plc Misbourne Court Rectory Way INVESTMENT Amersham Bucks HP7 0DE A Tel +44(0)1494 721111 nnual PROPOSITION Fax +44(0)1494 728032 Web www.halma.com R epor Halma has an impressive record of creating sustained shareholder value through the economic cycle. We have consistently delivered record profits, high returns, strong t and t and cash flows with low levels of balance sheet gearing and have a 30+ year track record of growing dividend payments by 5% or more every year. A ccount Our ability to achieve record profits through the recent periods of economic turbulence is derived from our strategy of having a group of businesses building strong competitive advantage in specialised safety, health and environmental technology markets with resilient growth drivers. s 2013 These growth drivers, such as increasing Health and Safety regulation, mean that demand for our products is sustained, in both developed and developing regions, through periods of significant macro-economic change. Organic growth generates the financial and business resources we need to fund acquisitions and keep increasing dividends. We generate organic growth momentum by increasing levels of investment in people development, new product development and establishing platforms for growth in developing markets. Here, the need for improving Safety, Health and Environmental regulation is increasingly recognised by governments and demanded by the wider population. Over the long term, we actively manage the mix of businesses in our Group to ensure we can sustain strong growth and returns. We acquire businesses to accelerate penetration of more attractive market niches, we merge businesses when market characteristics change and we exit markets which offer less attractive long-term growth and returns through carefully planned disposals. Halma’s resilient market qualities, organic growth momentum and active portfolio management position us strongly to create shareholder value and achieve high levels of performance in the future. Outperforming the market – Total Shareholder Return (five years) 350 300 PROTECTING LIFE AND 250 200 IMPROVING QUALITY 150 OF LIFE 100 50 2008 2009 2010 2011 2012 2013 Halma plc Annual Report and Accounts 2013 Halma FTSE 250 FTSE 350 Electronic & Electrical Equipment Protecting life Improving quality of life Overview 02-09 OUR bUSINESS Sectors Process Safety Infrastructure Safety Medical Environmental & Analysis Business review 10-59 Products which protect assets and Products which detect hazards to protect Products used to improve personal and Products and technologies for analysis in Governance 60-86 people at work. Specialised interlocks assets and people in public spaces and public health. Devices used to assess safety, life sciences and environmental which safely control critical processes. commercial buildings. Fire and smoke eye health, assist with eye surgery and markets. Market leading opto-electronic Financial statements 87-147 Instruments which detect flammable detectors, security sensors and audible/ primary care applications. Fluidic technology and gas conditioning AT A GlANCE and hazardous gases. Explosion visual warning devices. Sensors used on components such as pumps, probes, products. Products to monitor water protection devices. automatic doors and elevators in valves and connectors used by medical networks; UV technology for disinfecting Halma’s business is about protecting life and improving quality buildings and transportation. diagnostic OEMs. water; and water quality testing products. Investor information of life for people worldwide. Visit our website, www.halma.com, for investor information and Company news. In addition to accessing financial data, you can view and download Annual and Half Year Reports, analyst presentations, find contact details for Halma senior executives and subsidiary We are an international manufacturing group with businesses companies and access links to Halma subsidiary websites. You can also download our iPad app or subscribe to an in 23 countries and have our major operations in Europe, USA e-mail news alert service to automatically receive an e-mail when significant announcements are made. and Asia. We are highly cash generative and able to deliver Shareholding information world class returns on a sustainable basis. Please contact our registrars, Computershare, directly for all enquiries about your shareholding. Visit their Investor Centre website We operate in relatively non-cyclical, specialist global niche www.investorcentre.co.uk for online information about your shareholding (you will need your shareholder reference number which can be found on your share certificate or dividend tax voucher), or telephone the registrars direct using the dedicated telephone number markets. Our technology and application know-how deliver Financial for Halma shareholders (+44 (0) 870 707 1046). strong competitive advantage to sustain growth and high highlights £126m £32m £205m £42m £136m £36m £152m £30m returns. Our chosen markets have significant barriers to entry. Revenue Operating Revenue Operating Revenue Operating Revenue Operating Dividend mandate profit1 profit1 profit1 profit1 Shareholders can arrange to have their dividends paid directly into their bank or building society account by completing a bank Demand for our products is underpinned by long-term, mandate form. The advantages to using this service are: the payment is more secure than sending a cheque through the post; resilient growth drivers. it avoids the inconvenience of paying in a cheque and there is no risk of lost, stolen or out of date cheques. A mandate form can Primary • Increasing health and safety • Increasing health and safety regulation • Increasing demand for healthcare • Increasing demand for healthcare be obtained from Computershare or you will find one on the reverse of the tax voucher of your last dividend payment. regulation growth • Increasing demand for life-critical Dividend reinvestment plan Watch our introduction to Halma animated video on our drivers • Increasing demand for life-critical resources (such as energy and water) The Company operates a dividend reinvestment plan (‘DRIP’) which offers shareholders the option to elect to have their cash website at www.halma.com or at: http://goo.gl/nLxYq resources (such as energy and dividends reinvested in Halma ordinary shares purchased in the market. You can register for the DRIP online by visiting water) Computershare’s Investor Centre website (as above) or by requesting an application form direct from Computershare. Shareholders who wish to elect for the DRIP for the forthcoming final dividend, but have not already done so, should return a DRIP application form to Computershare no later than 1 August 2013. American Depositary Receipts The Halma plc American Depositary Receipts (ADRs) are traded on the Over The Counter market (OTC) under the symbol HLMLY. One ADR represents three Halma plc ordinary shares. JPMorgan Chase Bank, N.A. is the depositary. If you should have any queries, please contact: JPMorgan Chase Bank N.A., PO Box 64504, St Paul, MN 55164-0854, USA. E-mail: [email protected]. Telephone number for general queries: (800) 990 1135. Telephone number from outside the USA: +1 651
Load more

Recommended publications
  • View Annual Report
    GROWTH THROUGH INNOVATION Halma plc Annual Report and Accounts 2012 Overview 01 Investment Proposition 02 Group at a Glance 04 Strategy and Business Model 06 Innovation in Healthcare and Analysis 08 Innovation in Infrastructure Sensors 10 Innovation in Industrial Safety Business review 12 Chairman’s Statement 14 Performance against Strategy 20 Strategic Review 25 Strategy in Action 30 Sector Reviews 30 Health and Analysis 38 Infrastructure Sensors 46 Industrial Safety 54 Financial Review 59 Risk Management and Internal Control 61 Principal Risks and Uncertainties 64 Corporate Responsibility Governance 68 Board of Directors and Executive Board 71 Chairman’s Introduction to Governance 72 Corporate Governance 76 Audit Committee Report 78 Nomination Committee Report 79 Remuneration Committee Report 80 Remuneration Report 87 Other Statutory Information 90 Directors’ Responsibilities Financial statements 91 Independent Auditor’s Report – Group 92 Consolidated Income Statement 92 Consolidated Statement of Comprehensive Income and Expenditure 93 Consolidated Balance Sheet 94 Consolidated Statement of Changes in Equity 95 Consolidated Cash Flow Statement 96 Accounting Policies 102 Notes to the Accounts 135 Independent Auditor’s Report – Company 136 Company Balance Sheet 137 Notes to the Company Accounts 142 Summary 2003 to 2012 144 Halma Directory 148 Shareholder Information and Advisers Overview Business review Governance Financial statements INVESTMENT PROS PO ITION Halma has an impressive record of creating sustained shareholder value through the economic cycle. We have consistently delivered record profits, high returns, strong cash flows, low levels of balance sheet gearing and have a 30+ year track record of growing dividend payments by 5% or more every year. Our ability to achieve record profits through the recent periods of economic turbulence is derived from our strategy of having a group of businesses building strong competitive advantage in specialised safety, health and environmental technology markets with resilient growth drivers.
    [Show full text]
  • VONTOBEL FOREIGN OPPORTUNITIES FUND SCHEDULE of INVESTMENTS (Unaudited) DECEMBER 31, 2020
    VONTOBEL FOREIGN OPPORTUNITIES FUND SCHEDULE OF INVESTMENTS (Unaudited) DECEMBER 31, 2020 ($ reported in thousands) Shares Value Shares Value COMMON STOCKS—99.0% Information Technology—continued Keyence Corp. (Japan) 47,705 $ 26,797 Communication Services—5.0% Mastercard, Inc. Class A (United States) 95,484 34,082 Cellnex Telecom SA 144A (Spain)(1) 175,403 $ 10,525 (2) Obic Co. Ltd. (Japan) 110,682 22,221 CTS Eventim AG & Co. KGaA (Germany) 453,514 30,140 Tata Consultancy Services Ltd. (India) 699,816 27,418 Tencent Holdings Ltd. (China) 211,318 15,374 Topicus.com, Inc. (Canada) 55,270 209 56,039 194,876 Consumer Discretionary—14.1% Materials—4.4% adidas AG (Germany)(2) 55,581 20,228 (2) Air Liquide SA (France) 131,929 21,637 Alibaba Group Holding Ltd. (China) 577,713 17,333 Asian Paints Ltd. (India) 716,026 27,091 Alibaba Group Holding Ltd. Sponsored ADR (China)(2) 71,937 16,742 Ferrari NV (Italy) 132,190 30,465 48,728 Flutter Entertainment plc (Ireland)(2) 188,778 38,491 LVMH Moet Hennessy Louis Vuitton SE (France) 55,405 34,580 TOTAL COMMON STOCKS (Identified Cost $725,173) 1,104,557 157,839 TOTAL LONG-TERM INVESTMENTS—99.0% Consumer Staples—18.2% (Identified Cost $725,173) 1,104,557 Alimentation Couche-Tard, Inc. Class B (Canada) 1,014,470 34,573 Asahi Group Holdings Ltd. (Japan)(3) 840,866 34,561 SHORT-TERM INVESTMENT—0.7% Diageo plc (United Kingdom) 966,387 38,034 Mondelez International, Inc. Class A (United States) 460,250 26,911 SECURITIES LENDING COLLATERAL—0.7% Nestle S.A.
    [Show full text]
  • Common Stocks — 104.5%
    Eaton Vance Tax-Advantaged Global Dividend Income Fund January 31, 2021 PORTFOLIO OF INVESTMENTS (Unaudited) Common Stocks — 104.5% Security Shares Value Aerospace & Defense — 0.8% Safran S.A.(1) 98,721 $ 12,409,977 $ 12,409,977 Banks — 6.7% Bank of New York Mellon Corp. (The) 518,654 $ 20,657,989 Citigroup, Inc. 301,884 17,506,253 HDFC Bank, Ltd.(1) 512,073 9,775,702 ING Groep NV(1) 1,676,061 14,902,461 Japan Post Bank Co., Ltd. 445,438 3,851,696 Mitsubishi UFJ Financial Group, Inc. 2,506,237 11,317,609 Mizuho Financial Group, Inc. 292,522 3,856,120 Sumitomo Mitsui Financial Group, Inc. 186,747 5,801,916 Wells Fargo & Co. 341,979 10,218,332 $ 97,888,078 Beverages — 1.0% Diageo PLC 378,117 $ 15,180,328 $ 15,180,328 Biotechnology — 1.2% CSL, Ltd. 82,845 $ 17,175,550 $ 17,175,550 Building Products — 0.9% Assa Abloy AB, Class B 509,607 $ 12,603,485 $ 12,603,485 Chemicals — 0.7% Sika AG 38,393 $ 10,447,185 $ 10,447,185 Construction & Engineering — 0.0% Abengoa S.A., Class A(1)(2) 311,491 $ 0 Abengoa S.A., Class B(1)(2) 3,220,895 0 $0 Construction Materials — 0.9% CRH PLC 332,889 $ 13,660,033 $ 13,660,033 Consumer Finance — 0.6% Capital One Financial Corp. 79,722 $ 8,311,816 $ 8,311,816 1 Security Shares Value Diversified Financial Services — 2.5% Berkshire Hathaway, Inc., Class B(1) 101,853 $ 23,209,243 ORIX Corp.
    [Show full text]
  • Annex 1: Parker Review Survey Results As at 2 November 2020
    Annex 1: Parker Review survey results as at 2 November 2020 The data included in this table is a representation of the survey results as at 2 November 2020, which were self-declared by the FTSE 100 companies. As at March 2021, a further seven FTSE 100 companies have appointed directors from a minority ethnic group, effective in the early months of this year. These companies have been identified through an * in the table below. 3 3 4 4 2 2 Company Company 1 1 (source: BoardEx) Met Not Met Did Not Submit Data Respond Not Did Met Not Met Did Not Submit Data Respond Not Did 1 Admiral Group PLC a 27 Hargreaves Lansdown PLC a 2 Anglo American PLC a 28 Hikma Pharmaceuticals PLC a 3 Antofagasta PLC a 29 HSBC Holdings PLC a InterContinental Hotels 30 a 4 AstraZeneca PLC a Group PLC 5 Avast PLC a 31 Intermediate Capital Group PLC a 6 Aveva PLC a 32 Intertek Group PLC a 7 B&M European Value Retail S.A. a 33 J Sainsbury PLC a 8 Barclays PLC a 34 Johnson Matthey PLC a 9 Barratt Developments PLC a 35 Kingfisher PLC a 10 Berkeley Group Holdings PLC a 36 Legal & General Group PLC a 11 BHP Group PLC a 37 Lloyds Banking Group PLC a 12 BP PLC a 38 Melrose Industries PLC a 13 British American Tobacco PLC a 39 Mondi PLC a 14 British Land Company PLC a 40 National Grid PLC a 15 BT Group PLC a 41 NatWest Group PLC a 16 Bunzl PLC a 42 Ocado Group PLC a 17 Burberry Group PLC a 43 Pearson PLC a 18 Coca-Cola HBC AG a 44 Pennon Group PLC a 19 Compass Group PLC a 45 Phoenix Group Holdings PLC a 20 Diageo PLC a 46 Polymetal International PLC a 21 Experian PLC a 47
    [Show full text]
  • Portfolio Investment Report
    December 2019 Bristol University Holdings as at 31st December 2019 Please note that the following information is valid as at 31/12/2019. The provision of this information does not constitute a recommendation, investment advice, nor financial promotion. Holdings are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without Rathbones prior permission. As per the University’s Investment policy, the portfolio is moving to full fossil fuel divestment and a measurable reduction in the carbon intensity of the investments over time. To date, the only remaining direct position in the Oil & Gas sector is Equinor, representing approximately 0.78% of the portfolio. Direct investment in the Energy sector which is used to measure carbon intensity, includes Orsted, SSE and National Grid. These stocks represent approximately 4.94% of the portfolio. SECURITY NAME SECTOR TREASURY 1 7/8% I/L Stock 22/11/2022 UK Index Linked Government Bonds TREASURY 2 1/2% I/L Stock 17/07/2024 UK Index Linked Government Bonds RABOBANK NEDERLAND 2.25% Snr MTN 23/03/2022 UK Inv Grade Bonds - Higher Quality COVENTRY BUILDING SOCIETY 1.875% Bonds 24/10/2023 UK Inv Grade Bonds - Higher Quality KREDITANST FUR WIE 5.5% MTN 18/6/2025 UK Inv Grade Bonds - Higher Quality EURO INVESTMENT BANK 3.75% MTN 7/12/2027 UK Inv Grade Bonds - Higher Quality A2 DOMINION HOUSING GROUP LTD 3.5% Bonds 15/11/2028 UK Inv Grade Bonds - Higher Quality FIDELITY INTERNATIONAL 6.75% Notes 19/10/2020 UK Investment
    [Show full text]
  • Portfolio of Investments
    PORTFOLIO OF INVESTMENTS Variable Portfolio – Partners International Growth Fund, September 30, 2020 (Unaudited) (Percentages represent value of investments compared to net assets) Investments in securities Common Stocks 99.4% Common Stocks (continued) Issuer Shares Value ($) Issuer Shares Value ($) Argentina 1.1% France 9.9% (a) MercadoLibre, Inc. 11,044 11,954,909 Air Liquide SA 33,000 5,230,820 Australia 3.3% Airbus Group SE(a) 115,226 8,356,836 Aristocrat Leisure Ltd. 382,096 8,332,956 Capgemini SE 100,870 12,941,155 Atlassian Corp. PLC, Class A(a) 34,922 6,348,471 Dassault Systemes 30,100 5,616,121 Cochlear Ltd. 21,100 3,014,527 L’Oreal SA 53,085 17,275,402 CSL Ltd. 90,068 18,605,054 LVMH Moet Hennessy Louis Vuitton SE 60,510 28,312,668 Total 36,301,008 Safran SA(a) 109,109 10,734,920 Canada 3.6% Sartorius Stedim Biotech 23,028 7,948,411 Alimentation Couche-Tard, Inc., Class B 179,500 6,250,922 Teleperformance SA 26,943 8,306,583 Brookfield Asset Management, Inc., Class A 129,004 4,264,872 Total SE 113,620 3,902,001 Canadian National Railway Co. 187,926 20,014,109 Total 108,624,917 Dollarama, Inc. 223,415 8,563,780 Germany 5.5% Total 39,093,683 Adidas AG(a) 18,700 6,039,018 China 9.0% Infineon Technologies AG 652,214 18,383,168 Alibaba Group Holding Ltd.(a) 950,520 34,894,654 Rational AG 13,768 10,799,191 CNOOC Ltd.
    [Show full text]
  • Rothschild & Co Risk-Based Europe Index
    Rothschild & Co Risk-Based Europe Index Indicative Index Weight Data as of January 31, 2020 on close Constituent Exchange Country Index Weight (%) Chocoladefabriken Lindt & Spru Switzerland 1.91 EDP Renovaveis SA Portugal 1.55 Aroundtown SA Germany 1.47 LEG Immobilien AG Germany 1.36 Deutsche Wohnen SE Germany 1.27 Vonovia SE Germany 1.26 E.ON SE Germany 1.24 Iberdrola SA Spain 1.23 Deutsche Telekom AG Germany 1.10 HAL Trust Netherlands 1.10 Sampo Oyj Finland 1.10 Nestle SA Switzerland 1.06 Swiss Re AG Switzerland 1.04 Orange SA France 1.03 Unilever NV Netherlands 1.00 Swiss Life Holding AG Switzerland 1.00 EDP - Energias de Portugal SA Portugal 0.99 Zurich Insurance Group AG Switzerland 0.99 Roche Holding AG Switzerland 0.99 Orkla ASA Norway 0.99 Assicurazioni Generali SpA Italy 0.97 Novozymes A/S Denmark 0.97 Givaudan SA Switzerland 0.93 Koninklijke Ahold Delhaize NV Netherlands 0.91 Proximus SADP Belgium 0.90 Muenchener Rueckversicherungs- Germany 0.90 Hannover Rueck SE Germany 0.89 Beiersdorf AG Germany 0.89 Imperial Brands PLC United Kingdom 0.89 Ageas Belgium 0.89 Geberit AG Switzerland 0.88 Novartis AG Switzerland 0.88 National Grid PLC United Kingdom 0.87 Orsted A/S Denmark 0.86 Telenor ASA Norway 0.85 Veolia Environnement SA France 0.85 Kerry Group PLC Ireland 0.84 Merck KGaA Germany 0.83 Coloplast A/S Denmark 0.83 Unilever PLC United Kingdom 0.83 Reckitt Benckiser Group PLC United Kingdom 0.82 Deutsche Boerse AG Germany 0.82 OMV AG Austria 0.81 Sofina SA Belgium 0.81 Ferrovial SA Spain 0.81 Terna Rete Elettrica Nazionale Italy
    [Show full text]
  • Agenda Item 4B-02 Attachment 2
    Attachment 2, Page 1 of 5 CalPERS 2013 Northern Ireland Report CalPERS Holdings of Non-US Companies with Operations in Northern Ireland as of December 31, 2013 Equity Exposure Fixed Income Exposure Company Name Country Number of shares Market Value Par Value Market Value Total Market Value 3I GROUP PLC United Kingdom 2,574,784 $ 16,422,524.30 $ 16,422,524.30 Abertis Infraestructuras, S.A. Spain 1,593,291 $ 35,456,913.79 $ 35,456,913.79 Adecco S.A. Switzerland 496,749 $ 39,433,833.03 $ 39,433,833.03 Aer Lingus Group PLC Ireland 690,822 $ 1,220,358.65 $ 1,220,358.65 AGF Management Limited Canada 473,502 $ 5,913,761.45 $ 5,913,761.45 Akzo Nobel N.V. Netherlands 913,438 $ 70,913,548.72 $ 70,913,548.72 Allianz SE Germany 1,688,214 $ 303,229,768.85 $ 303,229,768.85 Anglo American PLC United Kingdom 7,998,118 $ 174,864,659.74 $ 174,864,659.74 AON PLC United Kingdom 884,243 $ 74,179,145.27 $ 74,179,145.27 ASSOCIATED BRITISH FOODS PLC United Kingdom 942,014 $ 38,147,125.08 $ 38,147,125.08 AstraZeneca PLC United Kingdom 4,953,597 $ 293,321,909.59 $ 293,321,909.59 ATOS S.A. France 268,961 $ 24,382,739.52 $ 24,382,739.52 AVIVA PLC United Kingdom 10,790,113 $ 80,366,392.33 $ 80,366,392.33 Axa SA France 7,018,874 $ 195,464,125.84 28,000,000 $ 28,389,999.68 $ 223,854,125.52 AYALA CORPORATION Philippines 609,480 $ 7,113,403.71 $ 7,113,403.71 BABCOCK INTERNATIONAL GROUP PLC United Kingdom 1,071,215 $ 24,040,391.35 $ 24,040,391.35 Banco Santander, S.A.
    [Show full text]
  • The Board Is Committed to Maintaining the Highest Standards of Corporate Governance and Ensuring Values and Behaviours Are Consistent Across the Business.”
    Chairman's introduction to Governance “ The Board is committed to maintaining the highest standards of corporate governance and ensuring values and behaviours are consistent across the business.” Dear Shareholders, As Halma’s new Chairman, I am proud to be able to present Halma’s Corporate Governance report on behalf of our Board for the first time. I hope the report provides you with a clear and meaningful explanation of how we as a Board and the committees discharge our governance duties and apply the principles of good governance enshrined in the UK Corporate Governance Code (the Code). Halma reports in accordance to the revised September 2012 Code, the Listing Rules and the Disclosure & Transparency Rules. The Board is committed to maintaining the highest standards of corporate governance and ensuring values and behaviours are consistent across the business. We have sought to manage the affairs of the Company not by merely following regimented rules, but by promoting open and transparent discussion, constructive challenge and support in the Board and across the Group. I am pleased with the progress Halma has made. We continually seek to ensure best practice is maintained and that governance is integral to our strategy and decision-making processes for the benefit of our shareholders. We were sorry to lose Geoff Unwin as Chairman during the year as he has been an invaluable and excellent leader and Chairman to our Board and team. I am honoured to have worked with him for a few brief months. It is my belief that we have to continually nurture talents throughout the Group to enable effective succession planning.
    [Show full text]
  • Portfolio of Investments
    PORTFOLIO OF INVESTMENTS Variable Portfolio – Partners International Growth Fund, March 31, 2021 (Unaudited) (Percentages represent value of investments compared to net assets) Investments in securities Common Stocks 98.4% Common Stocks (continued) Issuer Shares Value ($) Issuer Shares Value ($) Argentina 0.9% Sartorius Stedim Biotech 30,884 12,710,261 MercadoLibre, Inc.(a) 8,451 12,441,055 Teleperformance SA 30,119 10,981,253 Australia 3.0% Total SE 137,200 6,396,233 Aristocrat Leisure Ltd. 664,347 17,429,567 Total 165,752,414 Cochlear Ltd. 25,500 4,101,802 Germany 4.0% CSL Ltd. 103,017 20,820,136 Adidas AG(a) 20,400 6,372,775 Total 42,351,505 Infineon Technologies AG 592,181 25,195,879 Canada 2.8% Rational AG 15,392 11,956,544 Alimentation Couche-Tard, Inc., Class B 216,700 6,987,096 SAP SE 53,900 6,611,196 (a) Canadian National Railway Co. 275,350 31,954,360 TeamViewer AG 143,772 6,148,594 Total 38,941,456 Total 56,284,988 China 6.2% Hong Kong 4.1% Alibaba Group Holding Ltd.(a) 901,220 25,606,027 AIA Group Ltd. 2,518,000 30,812,188 NetEase, Inc. 909,175 18,695,307 CLP Holdings Ltd. 603,000 5,871,227 TAL Education Group, ADR(a) 267,889 14,425,823 Hang Lung Properties Ltd. 2,855,000 7,452,245 Tencent Holdings Ltd. 349,100 27,860,817 Hong Kong & China Gas Co., Ltd. 2,771,500 4,394,460 Total 86,587,974 Jardine Matheson Holdings Ltd.
    [Show full text]
  • Waverton Uk Fund a Gbp Fund Factsheet - As at 30 September 2017
    WAVERTON UK FUND A GBP FUND FACTSHEET - AS AT 30 SEPTEMBER 2017 OBJECTIVES FUND AIM INVESTMENT STYLE The investment objective of the Fund is to achieve long term capital The Fund has a stock driven approach focused on identifying and investing growth and income through diversified investment in UK equities. in leading UK companies. Through rigorous bottom up stock analysis, the Fund will seek to achieve higher growth and returns by selecting attractively valued UK companies with both global and domestic exposure. The Fund will not concentrate investments in any one industrial or economic sector or companies of a particular market capitalisation. PERFORMANCE ROLLING PERFORMANCE Risk Warning: Past performance is no guide to future performance. The value of holdings 160 may fall as well as rise and investors may not get back their initial investment. Important information: Performance displayed is for the 140 A Share Class. Performance is calculated on a NAV to NAV basis and does not take into account any initial fees. Performance is 120 displayed net of fees and assumes income is reinvested. 100 Sep 12 Mar 13 Sep 13 Mar 14 Sep 14 Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Sep 17 Fund Benchmark Average peer group Period 1 Month 3 Months YTD 1 Year 3 Years 5 Years Inception Mar 07 Portfolio (%) -0.9 -1.9 0.2 0.7 18.8 50.4 68.7 Benchmark (%) -0.5 2.3 7.8 11.9 26.8 58.0 75.2 Morningstar Peer Group (%) 0.0 1.5 7.6 11.6 25.8 61.1 77.1 Quartile 4 4 4 4 4 4 3 DISCRETE CALENDAR YEAR PERFORMANCE Period 2016 2015 2014 2013 2012 Fund (%) 6.3 6.0 0.9 27.6 8.1 Benchmark (%) 16.8 1.0 1.2 20.2 10.0 STANDARDISED PERFORMANCE Period 1 year to 30/09/2017 30/09/2016 30/09/2015 30/09/2014 30/09/2013 Fund (%) 0.7 12.0 5.3 1.9 24.3 PORTFOLIO SUMMARY MARKET CAP SECTOR TOP 10 HOLDINGS MSCI Large Cap 44.3% Consumer Discretionary 17.4% Royal Dutch Shell Plc Class B 5.6% MSCI Small Cap 33.9% Consumer Staples 15.5% DS Smith Plc 4.5% MSCI Mid Cap 19.1% Financials 13.4% Prudential plc 4.4% Cash 2.7% Materials 11.5% GKN plc 4.0% Total 100.0% Information Technology 11.1% British American Tobacco p.l.c.
    [Show full text]
  • Agenda Item 4B
    CalPERS 2012 Northern Ireland Report CalPERS Holdings of Non‐U.S. Companies with Operations in Northern Ireland as of December 31, 2012 Attachment 2, Page 1 of 5 Equity Exposure Fixed Income Exposure MacBride Catholic Protestant Company Name Country Agreement Underrepresentation Underrepresentation Number of shares Market Value Par Value Market Value Total Market Value 3i Group PLC United Kingdom Unknown No Yes 2,493,405 $ 8,803,185 $ 8,803,185 Abertis Infraestructuras SA Spain Unknown No No 1,314,151 $ 21,518,606 $ 21,518,606 Adecco SA Switzerland Unknown No Yes 506,864 $ 26,601,569 $ 26,601,569 Aer Lingus Group PLC Ireland Unknown No Yes 628,117 $ 915,061 $ 915,061 AGF Management Limited Canada Unknown Unknown Unknown 415,302 $ 4,137,587 $ 4,137,587 Akzo Nobel NV Netherlands Unknown No No 889,444 $ 58,333,136 $ 58,333,136 Allianz SE Germany Yes No No 1,588,478 $ 219,477,379 $ 219,477,379 Anglo American PLC United Kingdom Unknown Unknown Unknown 4,248,153 $ 130,787,828 500,000 $ 549,660 $ 131,337,488 Aon PLC United Kingdom Yes Yes No 897,247 $ 49,886,933 $ 49,886,933 Associated British Foods plc United Kingdom Yes Yes Yes 1,024,685 $ 26,050,396 $ 26,050,396 AstraZeneca PLC United Kingdom Unknown No Yes 4,338,354 $ 205,177,886 $ 205,177,886 ATOS S.A. France Unknown Unknown Unknown 292,332 $ 20,372,803 $ 20,372,803 Aviva plc United Kingdom Unknown No No 10,904,172 $ 66,113,284 $ 66,113,284 Axa SA France Unknown No Yes 9,924,754 $ 174,682,056 28,000,000 $ 28,520,000 $ 203,202,056 Ayala Corporation Philippines Unknown No Yes 533,454 $ 6,716,486 $ 6,716,486 Babcock International Group PLC United Kingdom Unknown Unknown Unknown 1,080,538 $ 16,958,191 $ 16,958,191 Banco Santander, S.A.
    [Show full text]