# EDGAR Filing Document

**Accession Number:** 0002103310
**File Stem:** 0002103310-26-000008
**Filing Date:** 2026-4
**Character Count:** 27205
**Document Hash:** efb38c0972003e4922b3f16364fd6b1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002103310-26-000008.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0002103310-26-000008

**CONFORMED SUBMISSION TYPE**: 13F-HR/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**EFFECTIVENESS DATE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PBU - The Pension Fund of Early Childhood & Youth Educators
- **CENTRAL INDEX KEY:** 0002103310

**ORGANIZATION NAME:**
- **EIN:** 980577912
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 213800DWGI8JUAGVUZ17

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26199
- **FILM NUMBER:** 26853123

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUNDKROGSGADE 13
- **CITY:** COPENHAGEN
- **PROVINCE COUNTRY:** G7
- **ZIP:** 2100
- **BUSINESS PHONE:** 70112011

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUNDKROGSGADE 13
- **CITY:** COPENHAGEN
- **PROVINCE COUNTRY:** G7
- **ZIP:** 2100

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PBU - The Pension Fund of Early Childhood  Youth Educators<br>**Address:** SUNDKROGSGADE 13<br>COPENHAGEN, G7 2100

**Form 13F File Number:** 028-26199

**SEC File Number (if applicable):** 028-26199

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jesper Rask Miskin<br>**Title:** Financial Analyst<br>**Phone:** 28778816

**Signature, Place, and Date of Signing:**

Jesper Rask Miskin  Copenhagen, G7  04-10-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 191

**Form 13F Information Table Value Total:** $6649341953

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC COMMON STOCK USD 0.01 | COMMON STOCK | 00287Y109 |  | 42056476 | 193372 | SH |  | SOLE |  | 1 | 0 | 0 |
| ACCENTURE PLC COMMON STOCK USD 0.0000225 | COMMON STOCK | G1151C101 |  | 32626438 | 164539 | SH |  | SOLE |  | 1 | 0 | 0 |
| ADOBE INC COMMON STOCK USD 0.0001 | COMMON STOCK | 00724F101 |  | 21803547 | 89697 | SH |  | SOLE |  | 1 | 0 | 0 |
| AECOM COMMON STOCK USD 0.01 | COMMON STOCK | 00766T100 |  | 9090329 | 107172 | SH |  | SOLE |  | 1 | 0 | 0 |
| AGNICO EAGLE MINES LTD COMMON STOCK CAD 0 | COMMON STOCK | 008474108 |  | 21897144 | 108221 | SH |  | SOLE |  | 1 | 0 | 0 |
| ALLEGION PLC COMMON STOCK USD 0.01 | COMMON STOCK | G0176J109 |  | 8925165 | 61430 | SH |  | SOLE |  | 1 | 0 | 0 |
| ALPHABET INC-CL A - COMMON STOCK USD 0.001 | COMMON STOCK | 02079K305 |  | 257551101 | 895643 | SH |  | SOLE |  | 1 | 0 | 0 |
| AMERICAN EXPRESS CO COMMON STOCK USD 0.2 | COMMON STOCK | 025816109 |  | 38717742 | 128001 | SH |  | SOLE |  | 1 | 0 | 0 |
| AMERIPRISE FINANCIAL INC COMMON STOCK USD 0.01 | COMMON STOCK | 03076C106 |  | 22829717 | 51372 | SH |  | SOLE |  | 1 | 0 | 0 |
| AMGEN INC COMMON STOCK USD 0.0001 | COMMON STOCK | 031162100 |  | 18604421 | 52876 | SH |  | SOLE |  | 1 | 0 | 0 |
| AON PLC COMMON STOCK USD | COMMON STOCK | G0403H108 |  | 16997918 | 52661 | SH |  | SOLE |  | 1 | 0 | 0 |
| APPLE INC COMMON STOCK USD 0.00001 | COMMON STOCK | 037833100 |  | 370252454 | 1458893 | SH |  | SOLE |  | 1 | 0 | 0 |
| APPLIED MATERIALS INC COMMON STOCK USD 0.01 | COMMON STOCK | 038222105 |  | 115581415 | 338165 | SH |  | SOLE |  | 1 | 0 | 0 |
| APPLOVIN CORP COMMON STOCK USD 0.00003 | COMMON STOCK | 03831W108 |  | 16382476 | 41162 | SH |  | SOLE |  | 1 | 0 | 0 |
| ARISTA NETWORKS INC COMMON STOCK USD 0.0001 | COMMON STOCK | 040413205 |  | 66612079 | 542532 | SH |  | SOLE |  | 1 | 0 | 0 |
| AT INC COMMON STOCK USD 1 | COMMON STOCK | 00206R102 |  | 27596799 | 951942 | SH |  | SOLE |  | 1 | 0 | 0 |
| AUTODESK INC COMMON STOCK USD 0.01 | COMMON STOCK | 052769106 |  | 10236505 | 42759 | SH |  | SOLE |  | 1 | 0 | 0 |
| AUTOMATIC DATA PROCESSING INC COMMON STOCK USD 0.1 | COMMON STOCK | 053015103 |  | 23970567 | 117977 | SH |  | SOLE |  | 1 | 0 | 0 |
| BANK OF AMERICA CORP COMMON STOCK USD 0.01 | COMMON STOCK | 060505104 |  | 36724740 | 753328 | SH |  | SOLE |  | 1 | 0 | 0 |
| BANK OF MONTREAL COMMON STOCK CAD 0 | COMMON STOCK | 063671101 |  | 20650791 | 152951 | SH |  | SOLE |  | 1 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COMMON STOCK USD 0.1 | COMMON STOCK | 110122108 |  | 26360370 | 434631 | SH |  | SOLE |  | 1 | 0 | 0 |
| BROADCOM INC COMMON STOCK USD | COMMON STOCK | 11135F101 |  | 147680220 | 477142 | SH |  | SOLE |  | 1 | 0 | 0 |
| BURLINGTON STORES INC COMMON STOCK USD 0.0001 | COMMON STOCK | 122017106 |  | 8743937 | 26873 | SH |  | SOLE |  | 1 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF COMMERCE COMMON STOCK | COMMON STOCK | 136069101 |  | 26676149 | 282370 | SH |  | SOLE |  | 1 | 0 | 0 |
| CARLISLE COS INC COMMON STOCK USD 1 | COMMON STOCK | 142339100 |  | 14939504 | 44780 | SH |  | SOLE |  | 1 | 0 | 0 |
| CARVANA CO COMMON STOCK USD 0.001 | COMMON STOCK | 146869102 |  | 12796209 | 40703 | SH |  | SOLE |  | 1 | 0 | 0 |
| CF INDUSTRIES HOLDINGS INC COMMON STOCK USD 0.01 | COMMON STOCK | 125269100 |  | 8646305 | 66592 | SH |  | SOLE |  | 1 | 0 | 0 |
| CHARTER COMMUNICATIONS INC COMMON STOCK USD 0.001 | COMMON STOCK | 16119P108 |  | 6763952 | 31332 | SH |  | SOLE |  | 1 | 0 | 0 |
| CHUBB LTD COMMON STOCK USD 24.15 | COMMON STOCK | H1467J104 |  | 18701863 | 57380 | SH |  | SOLE |  | 1 | 0 | 0 |
| CISCO SYSTEMS INC COMMON STOCK USD 0.001 | COMMON STOCK | 17275R102 |  | 36645059 | 472291 | SH |  | SOLE |  | 1 | 0 | 0 |
| CITIGROUP INC COMMON STOCK USD 0.01 | COMMON STOCK | 172967424 |  | 39180773 | 345479 | SH |  | SOLE |  | 1 | 0 | 0 |
| CLOROX CO/THE COMMON STOCK USD 1 | COMMON STOCK | 189054109 |  | 8033294 | 77519 | SH |  | SOLE |  | 1 | 0 | 0 |
| COLGATE-PALMOLIVE COMPANY COMMON STOCK USD 1 | COMMON STOCK | 194162103 |  | 26194333 | 307337 | SH |  | SOLE |  | 1 | 0 | 0 |
| COMFORT SYSTEMS USA INC COMMON STOCK USD 0.01 | COMMON STOCK | 199908104 |  | 10376900 | 7525 | SH |  | SOLE |  | 1 | 0 | 0 |
| CONSTELLATION ENERGY CORP COMMON STOCK USD | COMMON STOCK | 21037T109 |  | 18783193 | 67263 | SH |  | SOLE |  | 1 | 0 | 0 |
| COSTCO WHOLESALE CORP COMMON STOCK USD 0.005 | COMMON STOCK | 22160K105 |  | 103490216 | 103861 | SH |  | SOLE |  | 1 | 0 | 0 |
| CUMMINS INC COMMON STOCK USD 2.5 | COMMON STOCK | 231021106 |  | 36695116 | 68204 | SH |  | SOLE |  | 1 | 0 | 0 |
| DARDEN RESTAURANTS INC COMMON STOCK USD 0 | COMMON STOCK | 237194105 |  | 8379142 | 42742 | SH |  | SOLE |  | 1 | 0 | 0 |
| DECKERS OUTDOOR CORP COMMON STOCK USD 0.01 | COMMON STOCK | 243537107 |  | 3061153 | 30584 | SH |  | SOLE |  | 1 | 0 | 0 |
| DELTA AIR LINES INC COMMON STOCK USD 0.0001 | COMMON STOCK | 247361702 |  | 3961876 | 59595 | SH |  | SOLE |  | 1 | 0 | 0 |
| DEXCOM INC COMMON STOCK USD 0.001 | COMMON STOCK | 252131107 |  | 4480592 | 71347 | SH |  | SOLE |  | 1 | 0 | 0 |
| EBAY INC COMMON STOCK USD 0.001 | COMMON STOCK | 278642103 |  | 70380214 | 773239 | SH |  | SOLE |  | 1 | 0 | 0 |
| ECOLAB INC COMMON STOCK USD 1 | COMMON STOCK | 278865100 |  | 40877431 | 153663 | SH |  | SOLE |  | 1 | 0 | 0 |
| EDISON INTERNATIONAL COMMON STOCK USD 0 | COMMON STOCK | 281020107 |  | 25603194 | 349866 | SH |  | SOLE |  | 1 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COMMON STOCK USD 1 | COMMON STOCK | 28176E108 |  | 3874991 | 48389 | SH |  | SOLE |  | 1 | 0 | 0 |
| ELI LILLY AND COMPANY | COMMON STOCK | 532457108 |  | 70539001 | 76692 | SH |  | SOLE |  | 1 | 0 | 0 |
| EMCOR GROUP INC COMMON STOCK USD 0.01 | COMMON STOCK | 29084Q100 |  | 55433053 | 75081 | SH |  | SOLE |  | 1 | 0 | 0 |
| EXELON CORP COMMON STOCK USD 0 | COMMON STOCK | 30161N101 |  | 28222285 | 575730 | SH |  | SOLE |  | 1 | 0 | 0 |
| FEDEX CORP COMMON STOCK USD 0.1 | COMMON STOCK | 31428X106 |  | 28725917 | 80650 | SH |  | SOLE |  | 1 | 0 | 0 |
| FLOWSERVE CORP COMMON STOCK USD 1.25 | COMMON STOCK | 34354P105 |  | 3014719 | 41011 | SH |  | SOLE |  | 1 | 0 | 0 |
| GENERAL ELECTRIC CO | COMMON STOCK | 369604301 |  | 45320623 | 159709 | SH |  | SOLE |  | 1 | 0 | 0 |
| GILEAD SCIENCES INC COMMON STOCK USD 0.001 | COMMON STOCK | 375558103 |  | 19687267 | 141259 | SH |  | SOLE |  | 1 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC/THE COMMON STOCK USD 0.01 | COMMON STOCK | 416515104 |  | 30696263 | 226993 | SH |  | SOLE |  | 1 | 0 | 0 |
| HCA HEALTHCARE INC COMMON STOCK USD 0.01 | COMMON STOCK | 40412C101 |  | 27634377 | 58394 | SH |  | SOLE |  | 1 | 0 | 0 |
| HERSHEY CO/THE COMMON STOCK USD 1 | COMMON STOCK | 427866108 |  | 21058841 | 101298 | SH |  | SOLE |  | 1 | 0 | 0 |
| ILLINOIS TOOL WORKS INC COMMON STOCK USD 0.01 | COMMON STOCK | 452308109 |  | 35012649 | 134514 | SH |  | SOLE |  | 1 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | COMMON STOCK | 459200101 |  | 53700050 | 221544 | SH |  | SOLE |  | 1 | 0 | 0 |
| INTUIT INC COMMON STOCK USD 0.01 | COMMON STOCK | 461202103 |  | 21191809 | 49012 | SH |  | SOLE |  | 1 | 0 | 0 |
| JABIL INC COMMON STOCK USD 0.001 | COMMON STOCK | 466313103 |  | 6368745 | 23976 | SH |  | SOLE |  | 1 | 0 | 0 |
| JOHNSON  JOHNSON COMMON STOCK USD 1 | COMMON STOCK | 478160104 |  | 59655582 | 244050 | SH |  | SOLE |  | 1 | 0 | 0 |
| JPMORGAN CHASE  CO COMMON STOCK USD 1 | COMMON STOCK | 46625H100 |  | 139603335 | 474583 | SH |  | SOLE |  | 1 | 0 | 0 |
| KINROSS GOLD CORP COMMON STOCK CAD 0 | COMMON STOCK | 496902404 |  | 5382820 | 176627 | SH |  | SOLE |  | 1 | 0 | 0 |
| KLA CORP COMMON STOCK USD 0.001 | COMMON STOCK | 482480100 |  | 81712865 | 55496 | SH |  | SOLE |  | 1 | 0 | 0 |
| LAM RESEARCH CORP COMMON STOCK USD 0.001 | COMMON STOCK | 512807306 |  | 125226340 | 586101 | SH |  | SOLE |  | 1 | 0 | 0 |
| LULULEMON ATHLETICA INC COMMON STOCK USD 0.005 | COMMON STOCK | 550021109 |  | 5698076 | 37218 | SH |  | SOLE |  | 1 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04 | COMMON STOCK | N53745100 |  | 10669528 | 132442 | SH |  | SOLE |  | 1 | 0 | 0 |
| M BANK CORP COMMON STOCK USD 0.5 | COMMON STOCK | 55261F104 |  | 19507133 | 94365 | SH |  | SOLE |  | 1 | 0 | 0 |
| MAGNA INTERNATIONAL INC COMMON STOCK CAD 0 | COMMON STOCK | 559222401 |  | 9242862 | 166029 | SH |  | SOLE |  | 1 | 0 | 0 |
| MANULIFE FINANCIAL CORP COMMON STOCK CAD 0 | COMMON STOCK | 56501R106 |  | 28622284 | 833547 | SH |  | SOLE |  | 1 | 0 | 0 |
| MASCO CORP COMMON STOCK USD 1 | COMMON STOCK | 574599106 |  | 8147897 | 134966 | SH |  | SOLE |  | 1 | 0 | 0 |
| MASTERCARD INC COMMON STOCK USD 0.0001 | COMMON STOCK | 57636Q104 |  | 77956454 | 156019 | SH |  | SOLE |  | 1 | 0 | 0 |
| MERCK  CO INC COMMON STOCK USD 0.5 | COMMON STOCK | 58933Y105 |  | 89571422 | 744629 | SH |  | SOLE |  | 1 | 0 | 0 |
| META PLATFORMS INC COMMON STOCK USD 0.000006 | COMMON STOCK | 30303M102 |  | 180553930 | 315582 | SH |  | SOLE |  | 1 | 0 | 0 |
| MICRON TECHNOLOGY INC COMMON STOCK USD 0.1 | COMMON STOCK | 595112103 |  | 46350634 | 137197 | SH |  | SOLE |  | 1 | 0 | 0 |
| MICROSOFT CORP COMMON STOCK USD 0.00000625 | COMMON STOCK | 594918104 |  | 276248987 | 746276 | SH |  | SOLE |  | 1 | 0 | 0 |
| MOODY'S CORP COMMON STOCK USD 0.01 | COMMON STOCK | 615369105 |  | 10573828 | 24238 | SH |  | SOLE |  | 1 | 0 | 0 |
| NETAPP INC COMMON STOCK USD 0.001 | COMMON STOCK | 64110D104 |  | 9139946 | 89266 | SH |  | SOLE |  | 1 | 0 | 0 |
| NETFLIX INC COMMON STOCK USD 0.001 | COMMON STOCK | 64110L106 |  | 46443815 | 483035 | SH |  | SOLE |  | 1 | 0 | 0 |
| NEWMONT CORP COMMON STOCK USD 1.6 | COMMON STOCK | 651639106 |  | 80842724 | 746815 | SH |  | SOLE |  | 1 | 0 | 0 |
| NUTRIEN LTD | COMMON STOCK | 67077M108 |  | 9028713 | 119988 | SH |  | SOLE |  | 1 | 0 | 0 |
| NVIDIA CORP COMMON STOCK USD 0.001 | COMMON STOCK | 67066G104 |  | 430109640 | 2466225 | SH |  | SOLE |  | 1 | 0 | 0 |
| ORACLE CORP COMMON STOCK USD 0.01 | COMMON STOCK | 68389X105 |  | 29690182 | 201823 | SH |  | SOLE |  | 1 | 0 | 0 |
| PARKER-HANNIFIN CORP COMMON STOCK USD 0.5 | COMMON STOCK | 701094104 |  | 39021721 | 43588 | SH |  | SOLE |  | 1 | 0 | 0 |
| PEPSICO INC COMMON STOCK USD 0.017 | COMMON STOCK | 713448108 |  | 27987140 | 180225 | SH |  | SOLE |  | 1 | 0 | 0 |
| PINTEREST INC COMMON STOCK USD 0.00001 | COMMON STOCK | 72352L106 |  | 13318453 | 726197 | SH |  | SOLE |  | 1 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP INC/THE COMMON STOCK USD 5 | COMMON STOCK | 693475105 |  | 31492757 | 151342 | SH |  | SOLE |  | 1 | 0 | 0 |
| PROGRESSIVE CORP/THE COMMON STOCK USD 1 | COMMON STOCK | 743315103 |  | 50461794 | 254549 | SH |  | SOLE |  | 1 | 0 | 0 |
| QUALCOMM INC COMMON STOCK USD 0.0001 | COMMON STOCK | 747525103 |  | 32349665 | 251201 | SH |  | SOLE |  | 1 | 0 | 0 |
| ROSS STORES INC COMMON STOCK USD 0.01 | COMMON STOCK | 778296103 |  | 34651702 | 159958 | SH |  | SOLE |  | 1 | 0 | 0 |
| ROYAL BANK OF CANADA COMMON STOCK CAD 0 | COMMON STOCK | 780087102 |  | 25578844 | 158735 | SH |  | SOLE |  | 1 | 0 | 0 |
| SALESFORCE.COM INC. | COMMON STOCK | 79466L302 |  | 34087435 | 182608 | SH |  | SOLE |  | 1 | 0 | 0 |
| SERVICENOW INC COMMON STOCK USD 0.001 | COMMON STOCK | 81762P102 |  | 29768417 | 284729 | SH |  | SOLE |  | 1 | 0 | 0 |
| SPOTIFY TECHNOLOGY SA COMMON STOCK USD 0.000625 | COMMON STOCK | L8681T102 |  | 17440273 | 35966 | SH |  | SOLE |  | 1 | 0 | 0 |
| STEEL DYNAMICS INC COMMON STOCK USD 0.005 | COMMON STOCK | 858119100 |  | 29526840 | 164038 | SH |  | SOLE |  | 1 | 0 | 0 |
| STRYKER CORP COMMON STOCK USD 0.1 | COMMON STOCK | 863667101 |  | 26307901 | 80063 | SH |  | SOLE |  | 1 | 0 | 0 |
| SUN LIFE FINANCIAL INC COMMON STOCK CAD 0 | COMMON STOCK | 866796105 |  | 17882991 | 286362 | SH |  | SOLE |  | 1 | 0 | 0 |
| SUNBELT RENTALS HOLDINGS INC COMMON STOCK USD 0.01 | COMMON STOCK | 866966104 |  | 2950449 | 47103 | SH |  | SOLE |  | 1 | 0 | 0 |
| SYSCO CORP COMMON STOCK USD 1 | COMMON STOCK | 871829107 |  | 22990158 | 322307 | SH |  | SOLE |  | 1 | 0 | 0 |
| TAPESTRY INC COMMON STOCK USD 0.01 | COMMON STOCK | 876030107 |  | 3741673 | 26516 | SH |  | SOLE |  | 1 | 0 | 0 |
| TARGET CORP COMMON STOCK USD 0.0833 | COMMON STOCK | 87612E106 |  | 11196698 | 92382 | SH |  | SOLE |  | 1 | 0 | 0 |
| THE COCA-COLA COMPANY COMMON STOCK USD 0.25 | COMMON STOCK | 191216100 |  | 63627004 | 836647 | SH |  | SOLE |  | 1 | 0 | 0 |
| THE PROCTER  GAMBLE COMPANY. | COMMON STOCK | 742718109 |  | 24561733 | 170048 | SH |  | SOLE |  | 1 | 0 | 0 |
| THE WALT DISNEY COMPANY | COMMON STOCK | 254687106 |  | 35910513 | 372593 | SH |  | SOLE |  | 1 | 0 | 0 |
| TJX COS INC/THE COMMON STOCK USD 1 | COMMON STOCK | 872540109 |  | 73300064 | 458986 | SH |  | SOLE |  | 1 | 0 | 0 |
| TORONTO-DOMINION BANK/THE COMMON STOCK | COMMON STOCK | 891160509 |  | 33130348 | 355871 | SH |  | SOLE |  | 1 | 0 | 0 |
| TRANE TECHNOLOGIES PLC COMMON STOCK USD 1 | COMMON STOCK | G8994E103 |  | 35158270 | 84365 | SH |  | SOLE |  | 1 | 0 | 0 |
| TRAVELERS COS INC/THE COMMON STOCK USD 0 | COMMON STOCK | 89417E109 |  | 9355636 | 32075 | SH |  | SOLE |  | 1 | 0 | 0 |
| ULTA BEAUTY INC COMMON STOCK USD 0.01 | COMMON STOCK | 90384S303 |  | 6541716 | 12515 | SH |  | SOLE |  | 1 | 0 | 0 |
| UNION PACIFIC CORP COMMON STOCK USD 2.5 | COMMON STOCK | 907818108 |  | 31994542 | 131871 | SH |  | SOLE |  | 1 | 0 | 0 |
| UNITED AIRLINES HOLDINGS INC COMMON STOCK USD 0.01 | COMMON STOCK | 910047109 |  | 1888079 | 20507 | SH |  | SOLE |  | 1 | 0 | 0 |
| URBAN OUTFITTERS INC COMMON STOCK USD 0.0001 | COMMON STOCK | 917047102 |  | 17672053 | 278959 | SH |  | SOLE |  | 1 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1 | COMMON STOCK | 92343V104 |  | 41470471 | 826105 | SH |  | SOLE |  | 1 | 0 | 0 |
| VISA INC COMMON STOCK USD 0.0001 | COMMON STOCK | 92826C839 |  | 60574336 | 200418 | SH |  | SOLE |  | 1 | 0 | 0 |
| WASTE MANAGEMENT INC COMMON STOCK USD 0.01 | COMMON STOCK | 94106L109 |  | 19529393 | 84988 | SH |  | SOLE |  | 1 | 0 | 0 |
| WATERS CORP COMMON STOCK USD 0.01 | COMMON STOCK | 941848103 |  | 16870370 | 56650 | SH |  | SOLE |  | 1 | 0 | 0 |
| WELLS FARGO  CO COMMON STOCK USD 1.666 | COMMON STOCK | 949746101 |  | 36539398 | 458980 | SH |  | SOLE |  | 1 | 0 | 0 |
| WILLIAMS-SONOMA INC COMMON STOCK USD 0.01 | COMMON STOCK | 969904101 |  | 5790983 | 31761 | SH |  | SOLE |  | 1 | 0 | 0 |
| ZOETIS INC COMMON STOCK USD 0.01 | COMMON STOCK | 98978V103 |  | 9831053 | 83166 | SH |  | SOLE |  | 1 | 0 | 0 |
| CAL-MAINE FOODS INC COMMON STOCK USD 0.01 | COMMON STOCK | 128030202 |  | 9921136 | 125346 | SH |  | SOLE |  | 1 | 0 | 0 |
| FAIR ISAAC CORP COMMON STOCK USD 0.01 | COMMON STOCK | 303250104 |  | 8201910 | 7683 | SH |  | SOLE |  | 1 | 0 | 0 |
| FISERV INC COMMON STOCK USD 0.01 | COMMON STOCK | 337738108 |  | 11147724 | 199780 | SH |  | SOLE |  | 1 | 0 | 0 |
| HOME DEPOT INC/THE COMMON STOCK USD 0.05 | COMMON STOCK | 437076102 |  | 54840763 | 166745 | SH |  | SOLE |  | 1 | 0 | 0 |
| MERCADOLIBRE INC COMMON STOCK USD 0.001 | COMMON STOCK | 58733R102 |  | 33290551 | 19254 | SH |  | SOLE |  | 1 | 0 | 0 |
| NETEASE INC ADR USD 0.0001 | COMMON STOCK | 64110W102 |  | 35963971 | 321279 | SH |  | SOLE |  | 1 | 0 | 0 |
| SYNOPSYS INC COMMON STOCK USD 0.01 | COMMON STOCK | 871607107 |  | 15115800 | 38125 | SH |  | SOLE |  | 1 | 0 | 0 |
| TRACTOR SUPPLY CO COMMON STOCK USD 0.008 | COMMON STOCK | 892356106 |  | 32200690 | 710832 | SH |  | SOLE |  | 1 | 0 | 0 |
| 3M CO COMMON STOCK USD 0.01 | COMMON STOCK | 88579Y101 |  | 20373881 | 140287 | SH |  | SOLE |  | 1 | 0 | 0 |
| ABBOTT LABORATORIES COMMON STOCK USD 0 | COMMON STOCK | 002824100 |  | 13389605 | 130414 | SH |  | SOLE |  | 1 | 0 | 0 |
| ABBVIE INC COMMON STOCK USD 0.01 | COMMON STOCK | 00287Y109 |  | 42056476 | 193372 | SH |  | SOLE |  | 1 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01 | COMMON STOCK | 007903107 |  | 25801637 | 126833 | SH |  | SOLE |  | 1 | 0 | 0 |
| AFLAC INC COMMON STOCK USD 0.1 | COMMON STOCK | 001055102 |  | 10719106 | 97704 | SH |  | SOLE |  | 1 | 0 | 0 |
| AIR PRODUCTS AND CHEMICALS INC COMMON STOCK USD 1 | COMMON STOCK | 009158106 |  | 31026946 | 106809 | SH |  | SOLE |  | 1 | 0 | 0 |
| ALPHABET INC-CL C - COMMON STOCK USD 0.001 | COMMON STOCK | 02079K107 |  | 92555092 | 322649 | SH |  | SOLE |  | 1 | 0 | 0 |
| AMERICAN TOWER CORP REIT USD 0.01 | COMMON STOCK | 03027X100 |  | 16654833 | 96505 | SH |  | SOLE |  | 1 | 0 | 0 |
| ANALOG DEVICES INC COMMON STOCK USD 0.167 | COMMON STOCK | 032654105 |  | 23869726 | 75029 | SH |  | SOLE |  | 1 | 0 | 0 |
| ARTHUR J GALLAGHER  CO COMMON STOCK USD 1 | COMMON STOCK | 363576109 |  | 10334764 | 47718 | SH |  | SOLE |  | 1 | 0 | 0 |
| BANK OF NOVA SCOTIA/THE COMMON STOCK CAD 0 | COMMON STOCK | 064149107 |  | 10564796 | 152831 | SH |  | SOLE |  | 1 | 0 | 0 |
| BECTON DICKINSON  CO COMMON STOCK USD 1 | COMMON STOCK | 075887109 |  | 12160325 | 77341 | SH |  | SOLE |  | 1 | 0 | 0 |
| BLACKROCK INC COMMON STOCK USD 0.01 | COMMON STOCK | 09290D101 |  | 25296820 | 26304 | SH |  | SOLE |  | 1 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COMMON STOCK USD 0.01 | COMMON STOCK | 101137107 |  | 14511314 | 231256 | SH |  | SOLE |  | 1 | 0 | 0 |
| BROOKFIELD CORP COMMON STOCK CAD 0 | COMMON STOCK | 11271J107 |  | 24380085 | 603573 | SH |  | SOLE |  | 1 | 0 | 0 |
| CANADIAN NATIONAL RAILWAY CO COMMON STOCK CAD 0 | COMMON STOCK | 136375102 |  | 24753355 | 241265 | SH |  | SOLE |  | 1 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP COMMON STOCK USD 0.01 | COMMON STOCK | 14040H105 |  | 25368169 | 139057 | SH |  | SOLE |  | 1 | 0 | 0 |
| CHARLES SCHWAB CORP/THE COMMON STOCK USD 0.01 | COMMON STOCK | 808513105 |  | 19307439 | 205442 | SH |  | SOLE |  | 1 | 0 | 0 |
| CME GROUP INC COMMON STOCK USD 0.01 | COMMON STOCK | 12572Q105 |  | 15040699 | 50925 | SH |  | SOLE |  | 1 | 0 | 0 |
| CONSOLIDATED EDISON COMPANY OF NEW YORK INC. | COMMON STOCK | 209115104 |  | 15447372 | 136485 | SH |  | SOLE |  | 1 | 0 | 0 |
| CORNING INC COMMON STOCK USD 0.5 | COMMON STOCK | 219350105 |  | 19621287 | 144306 | SH |  | SOLE |  | 1 | 0 | 0 |
| CORTEVA INC COMMON STOCK USD 0.01 | COMMON STOCK | 22052L104 |  | 30331314 | 362338 | SH |  | SOLE |  | 1 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC COMMON STOCK USD | COMMON STOCK | 22788C105 |  | 14800053 | 37909 | SH |  | SOLE |  | 1 | 0 | 0 |
| DANAHER CORP COMMON STOCK USD 0.01 | COMMON STOCK | 235851102 |  | 20812582 | 109771 | SH |  | SOLE |  | 1 | 0 | 0 |
| DEERE  CO COMMON STOCK USD 1 | COMMON STOCK | 244199105 |  | 23192188 | 41172 | SH |  | SOLE |  | 1 | 0 | 0 |
| DOMINION ENERGY INC COMMON STOCK USD 0 | COMMON STOCK | 25746U109 |  | 14971815 | 242184 | SH |  | SOLE |  | 1 | 0 | 0 |
| DOORDASH INC COMMON STOCK USD 0.00001 | COMMON STOCK | 25809K105 |  | 11471910 | 76403 | SH |  | SOLE |  | 1 | 0 | 0 |
| EATON CORP PLC COMMON STOCK USD 0.01 | COMMON STOCK | G29183103 |  | 32257542 | 90188 | SH |  | SOLE |  | 1 | 0 | 0 |
| EQUINIX INC REIT USD 0.001 | COMMON STOCK | 29444U700 |  | 27810389 | 28371 | SH |  | SOLE |  | 1 | 0 | 0 |
| FERGUSON ENTERPRISES INC COMMON STOCK USD 0.0001 | COMMON STOCK | 31488V107 |  | 17334717 | 74315 | SH |  | SOLE |  | 1 | 0 | 0 |
| FORD MOTOR CO COMMON STOCK USD 0.01 | COMMON STOCK | 345370860 |  | 22477958 | 1947830 | SH |  | SOLE |  | 1 | 0 | 0 |
| GE VERNOVA INC COMMON STOCK USD 0.01 | COMMON STOCK | 36828A101 |  | 28388454 | 32522 | SH |  | SOLE |  | 1 | 0 | 0 |
| GENERAL MILLS INC COMMON STOCK USD 0.1 | COMMON STOCK | 370334104 |  | 10534860 | 283043 | SH |  | SOLE |  | 1 | 0 | 0 |
| GENERAL MOTORS CO COMMON STOCK USD 0.01 | COMMON STOCK | 37045V100 |  | 24551401 | 329549 | SH |  | SOLE |  | 1 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS INC COMMON STOCK USD 0.01 | COMMON STOCK | 43300A203 |  | 29441026 | 96820 | SH |  | SOLE |  | 1 | 0 | 0 |
| INTEL CORP COMMON STOCK USD 0.001 | COMMON STOCK | 458140100 |  | 21152083 | 479313 | SH |  | SOLE |  | 1 | 0 | 0 |
| INTUITIVE SURGICAL INC COMMON STOCK USD 0.001 | COMMON STOCK | 46120E602 |  | 19440409 | 42171 | SH |  | SOLE |  | 1 | 0 | 0 |
| JOHNSON CONTROLS INTERNATIONAL PLC COMMON STOCK USD 0.01 | COMMON STOCK | G51502105 |  | 26069002 | 199076 | SH |  | SOLE |  | 1 | 0 | 0 |
| KENVUE INC COMMON STOCK USD 0.01 | COMMON STOCK | 49177J102 |  | 11776644 | 683100 | SH |  | SOLE |  | 1 | 0 | 0 |
| LOWE'S COS INC COMMON STOCK USD 0.5 | COMMON STOCK | 548661107 |  | 27126598 | 114807 | SH |  | SOLE |  | 1 | 0 | 0 |
| MCDONALD'S CORP COMMON STOCK USD 0.01 | COMMON STOCK | 580135101 |  | 22028174 | 70878 | SH |  | SOLE |  | 1 | 0 | 0 |
| MEDTRONIC PLC COMMON STOCK USD 0.1 | COMMON STOCK | G5960L103 |  | 11777035 | 135915 | SH |  | SOLE |  | 1 | 0 | 0 |
| MORGAN STANLEY DEAN WITTER  CO. | COMMON STOCK | 617446448 |  | 31251349 | 189897 | SH |  | SOLE |  | 1 | 0 | 0 |
| NEXTERA ENERGY INC COMMON STOCK USD 0.01 | COMMON STOCK | 65339F101 |  | 14178968 | 152659 | SH |  | SOLE |  | 1 | 0 | 0 |
| NORFOLK SOUTHERN CORP COMMON STOCK USD 1 | COMMON STOCK | 655844108 |  | 20121570 | 70110 | SH |  | SOLE |  | 1 | 0 | 0 |
| PACCAR INC COMMON STOCK USD 1 | COMMON STOCK | 693718108 |  | 23017418 | 199285 | SH |  | SOLE |  | 1 | 0 | 0 |
| PFIZER INC COMMON STOCK USD 0.05 | COMMON STOCK | 717081103 |  | 22038728 | 784855 | SH |  | SOLE |  | 1 | 0 | 0 |
| REGENERON PHARMACEUTICALS INC COMMON STOCK USD 0.001 | COMMON STOCK | 75886F107 |  | 11615097 | 15033 | SH |  | SOLE |  | 1 | 0 | 0 |
| S GLOBAL INC COMMON STOCK USD 1 | COMMON STOCK | 78409V104 |  | 17950624 | 42203 | SH |  | SOLE |  | 1 | 0 | 0 |
| SHERWIN-WILLIAMS CO/THE COMMON STOCK USD 1 | COMMON STOCK | 824348106 |  | 27418244 | 85535 | SH |  | SOLE |  | 1 | 0 | 0 |
| SHOPIFY INC COMMON STOCK CAD | COMMON STOCK | 82509L107 |  | 17273958 | 146047 | SH |  | SOLE |  | 1 | 0 | 0 |
| SNOWFLAKE INC COMMON STOCK USD 1 | COMMON STOCK | 833445109 |  | 10170848 | 67437 | SH |  | SOLE |  | 1 | 0 | 0 |
| STARBUCKS CORP COMMON STOCK USD 0.001 | COMMON STOCK | 855244109 |  | 22321438 | 249151 | SH |  | SOLE |  | 1 | 0 | 0 |
| T-MOBILE US INC COMMON STOCK USD 0.0001 | COMMON STOCK | 872590104 |  | 11545139 | 54969 | SH |  | SOLE |  | 1 | 0 | 0 |
| TEXAS INSTRUMENTS INC COMMON STOCK USD 1 | COMMON STOCK | 882508104 |  | 21650105 | 111518 | SH |  | SOLE |  | 1 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COMMON STOCK USD 1 | COMMON STOCK | 883556102 |  | 23659797 | 48135 | SH |  | SOLE |  | 1 | 0 | 0 |
| UBER TECHNOLOGIES INC COMMON STOCK USD 0.00001 | COMMON STOCK | 90353T100 |  | 20233405 | 281293 | SH |  | SOLE |  | 1 | 0 | 0 |
| UBS GROUP AG COMMON STOCK CHF 0.1 | COMMON STOCK | H42097107 |  | 18758475 | 490514 | SH |  | SOLE |  | 1 | 0 | 0 |
| UNITEDHEALTH GROUP INC COMMON STOCK USD 0.01 | COMMON STOCK | 91324P102 |  | 22299863 | 82412 | SH |  | SOLE |  | 1 | 0 | 0 |
| WASTE CONNECTIONS INC COMMON STOCK | COMMON STOCK | 94106B101 |  | 15861454 | 97645 | SH |  | SOLE |  | 1 | 0 | 0 |
| WEC ENERGY GROUP INC COMMON STOCK USD 0.01 | COMMON STOCK | 92939U106 |  | 19330464 | 166973 | SH |  | SOLE |  | 1 | 0 | 0 |
| WILLIS TOWERS WATSON PLC | COMMON STOCK | G96629103 |  | 10368978 | 35669 | SH |  | SOLE |  | 1 | 0 | 0 |
| XCEL ENERGY INC COMMON STOCK USD 2.5 | COMMON STOCK | 98389B100 |  | 15748424 | 198243 | SH |  | SOLE |  | 1 | 0 | 0 |
| YUM! BRANDS INC COMMON STOCK USD 0 | COMMON STOCK | 988498101 |  | 14098304 | 90676 | SH |  | SOLE |  | 1 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES CORP COMMON STOCK USD 0.0001 | COMMON STOCK | 00650F109 |  | 5247598 | 378069 | SH |  | SOLE |  | 1 | 0 | 0 |

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