Ecclesiastical Investment Funds annual report and accounts - long ...

ECCLESIASTICAL Investment Funds 35Portfolio Statementhigher income fundat 31 December 2009Number of Market Percentage ofShares Held at Value Total Net Assets31 December 2009 £ %UK Corporate Preference Shares 3.74% (4.70%)100,000 Aviva 8.375% 110,000 0.17125,000 Aviva 8.75% 138,750 0.22200,000 Bellway 9.5% 217,000 0.34150,000 Bristol Water 8.75% 199,500 0.31375,000 Coats International 6% 301,875 0.47750,000 General Accident 7.875% 765,000 1.19250,000 General Accident 8.875% 280,000 0.44200,000 Northern Electric 8.06% 232,000 0.36150,000 GKN Holdings 7% 14/05/2012 156,191 0.24Total UK Corporate Preference Shares 2,400,316 3.74UK Government Bonds 19.33% (25.30%)100,000 Conversion 9% 12/07/2011 112,031 0.17200,000 Treasury 2.5% Index Linked 26/07/2016 582,400 0.916,000,000 Treasury 3.25% 07/12/2011 6,219,120 9.685,150,000 Treasury 4.5% 07/03/2013 5,506,962 8.57Total UK Government Bonds 12,420,513 19.33UK Equities 28.23% (19.89%)15,000 AstraZeneca 436,800 0.68150,000 Aviva 591,450 0.92115,789 Bodycote 186,420 0.29105,000 BP 630,735 0.98190,500 British Polythene 495,300 0.77400,000 BT 540,000 0.84200,000 Cable & Wireless 281,200 0.44102,600 Carillion 312,725 0.49400,000 Clinton Cards 199,000 0.3152,000 Cookson 219,284 0.3450,000 Diageo 541,000 0.84231,428 DSG International 83,546 0.13150,000 Electrocomponents 244,500 0.38900,000 Elementis 459,000 0.71650,000 Fenner 1,108,250 1.7280,000 GlaxoSmithKline 1,054,400 1.64250,000 HMV 232,875 0.3620,330 HSBC 145,319 0.23375,000 ING UK Real Estate 198,750 0.31240,000 Ladbrokes 328,080 0.5175,000 Laird Group 96,000 0.15415,458 Lloyds Banking Group 207,937 0.32125,000 Marks & Spencer 500,250 0.7842,954 Menzies (John) 127,573 0.20309,000 Middlefield Canadian Income Trust 207,030 0.321,110,785 Morant Wright Japan Income Trust 499,853 0.7875,000 Morgan Crucible 116,475 0.1837,261 Mothercare 253,561 0.3960,000 National Grid 404,400 0.6365,000 Northern Foods 43,907 0.0725,000 Premier Farnell 287,500 0.45100,000 Prudential 634,000 0.9928,800 Rank Group 23,616 0.04