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Institutional Investment Manager
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund (CIK: 0001536262), located at 17th Floor, London, X0. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 198 holdings with a total value of $718,822,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 SCHWAB CHARLES CORP 35,148 890,000 0.12%
152 KEYCORP 80,338 888,000 0.12%
153 PVH CORPORATION 9,290 875,000 0.12%
154 ROSS STORES INC 15,361 871,000 0.12%
155 WHIRLPOOL CORP 5,022 837,000 0.12%
156 BOEING CO 6,242 811,000 0.11%
157 SPROUTS FMRS MKT INC 35,148 805,000 0.11%
158 COMERICA INC 19,316 794,000 0.11%
159 CF INDS HLDGS INC 32,760 790,000 0.11%
160 Alcoa 84,834 786,000 0.11%
161 DAVITA INC 9,957 770,000 0.11%
162 NETFLIX INC 8,278 757,000 0.11%
163 AMETEK INC NEW 16,342 755,000 0.11%
164 MORGAN STANLEY 28,416 738,000 0.10%
165 NOBLE ENERGY INC 20,543 737,000 0.10%
166 HARLEY DAVIDSON INC 15,722 712,000 0.10%
167 BECTON DICKINSON & CO 4,097 695,000 0.10%
168 FLUOR CORP NEW 13,862 683,000 0.10%
169 BUNGE LIMITED 11,452 677,000 0.09%
170 MANPOWERGROUP INC 10,393 669,000 0.09%
171 YAHOO INC 17,638 662,000 0.09%
172 CREDICORP LTD 4,100 633,000 0.09%
173 CTRIP COM INTL LTD 14,600 602,000 0.08%
174 EDGEWELL PERS CARE CO 6,794 573,000 0.08%
175 FREEPORT-MCMORAN INC 49,732 554,000 0.08%
176 UNDER ARMOUR INC 13,305 534,000 0.07%
177 LILLY ELI & CO 6,394 504,000 0.07%
178 UNDER ARMOUR INC 13,399 488,000 0.07%
179 BORGWARNER INC 16,018 473,000 0.07%
180 ALIBABA GROUP HLDG LTD 5,800 461,000 0.06%
181 OUTFRONT MEDIA INC 18,655 451,000 0.06%
182 QIHOO 360 TECHNOLOGY CO LTD 6,000 438,000 0.06%
183 ABBOTT LABS 10,391 408,000 0.06%
184 OCCIDENTAL PETE CORP DEL 4,683 354,000 0.05%
185 ENERGIZER HLDGS INC NEW COM 6,794 350,000 0.05%
186 SOUTHERN COPPER CORP 11,600 313,000 0.04%
187 MOBILE TELESYSTEMS PJSC 36,300 301,000 0.04%
188 HOLLYFRONTIER CORP 11,743 279,000 0.04%
189 CHESAPEAKE ENERGY CORP 60,253 258,000 0.04%
190 PAYPAL HLDGS INC 6,831 249,000 0.03%
191 WESTERN DIGITAL CORP 4,592 217,000 0.03%
192 COMPANIA DE MINAS BUENAVENTU 17,400 208,000 0.03%
193 QUNAR CAYMN ISLND ADR REP 3 CL B ORD 4,200 125,000 0.02%
194 VIPSHOP HLDGS LTD 9,900 111,000 0.02%
195 JD COM INC 3,200 68,000 0.01%
196 OCEAN PWR TECHNOLOGIES INC 11,200 28,000 0.00%
197 MOTOROLA SOLUTIONS INC 295 19,000 0.00%
198 CALIFORNIA RES CORP 52 1,000 0.00%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001536262-16-000023, filed 2016.08.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.