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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 (2016Q4)
Portfolio Summary: 207 holdings with a total value of $792,886,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 AMERICAN INTL GROUP INC 31,145 2,034,000 0.26%
102 QUALCOMM INC 31,075 2,026,000 0.26%
103 AETNA INC NEW 16,092 1,996,000 0.25%
104 UNITED PARCEL SERVICE INC 16,849 1,932,000 0.24%
105 WASTE MGMT INC DEL 26,659 1,890,000 0.24%
106 BUNGE LIMITED 26,099 1,885,000 0.24%
107 BANK NEW YORK MELLON CORP 38,910 1,844,000 0.23%
108 CHIPOTLE MEXICAN GRILL INC 4,868 1,837,000 0.23%
109 AMERICAN TOWER CORP NEW 17,377 1,836,000 0.23%
110 ADVANCE AUTO PARTS INC 10,797 1,826,000 0.23%
111 METLIFE INC 33,812 1,822,000 0.23%
112 SYNCHRONY FINL 49,105 1,781,000 0.22%
113 MARATHON PETE CORP 35,000 1,762,000 0.22%
114 FORD MTR CO DEL 143,376 1,739,000 0.22%
115 ROSS STORES INC 26,361 1,729,000 0.22%
116 AMPHENOL CORP NEW 25,356 1,704,000 0.21%
117 APACHE CORP 26,566 1,686,000 0.21%
118 MARRIOTT INTL INC NEW 20,137 1,665,000 0.21%
119 S&P GLOBAL INC 15,468 1,663,000 0.21%
120 CUMMINS INC 12,000 1,640,000 0.21%
121 HUNTINGTON BANCSHARES INC 123,840 1,637,000 0.21%
122 ELECTRONIC ARTS INC 20,261 1,596,000 0.20%
123 KIMBERLY CLARK CORP 13,867 1,583,000 0.20%
124 HP INC 106,429 1,579,000 0.20%
125 COGNIZANT TECHNOLOGY SOLUTIO 28,118 1,575,000 0.20%
126 BOSTON SCIENTIFIC CORP 70,700 1,529,000 0.19%
127 YUM BRANDS INC 24,100 1,526,000 0.19%
128 MONSTER BEVERAGE CORP NEW 34,179 1,515,000 0.19%
129 VULCAN MATLS CO 12,018 1,504,000 0.19%
130 JUNIPER NETWORKS 53,223 1,504,000 0.19%
131 DOVER CORP 20,000 1,499,000 0.19%
132 ZIMMER BIOMET HLDGS INC 14,426 1,489,000 0.19%
133 UNITED RENTALS INC 13,988 1,477,000 0.19%
134 KEYCORP 80,338 1,468,000 0.19%
135 PRICELINE GRP INC 1,000 1,466,000 0.18%
136 PROGRESSIVE CORP OHIO 40,963 1,454,000 0.18%
137 LOWES COS INC 20,390 1,450,000 0.18%
138 SCHWAB CHARLES CORP 35,148 1,387,000 0.17%
139 TEXAS INSTRS INC 18,845 1,375,000 0.17%
140 TYSON FOODS INC 22,224 1,371,000 0.17%
141 UNUM GROUP 31,131 1,368,000 0.17%
142 CARDINAL HEALTH INC 18,538 1,334,000 0.17%
143 COMERICA INC 19,316 1,316,000 0.17%
144 ENVISION HEALTHCARE CORP 20,776 1,315,000 0.17%
145 PHILIP MORRIS INTL INC 14,282 1,307,000 0.16%
146 STANLEY BLACK &DECKER INC 11,358 1,303,000 0.16%
147 CONOCOPHILLIPS 25,886 1,298,000 0.16%
148 PPG INDS INC 13,557 1,285,000 0.16%
149 SHERWIN WILLIAMS CO 4,744 1,275,000 0.16%
150 SMUCKER J M CO 9,792 1,254,000 0.16%
Page 3 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001536262-17-000001, filed 2017.02.16).

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.