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 as of Dec. 31, 2012

Portfolio Holdings for 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 holds 169 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares MSCI Brazil Index (EWZ) 3.8 $33M 485k 68.77
Apple (AAPL) 3.3 $29M 55k 532.17
iShares MSCI Emerging Markets Indx (EEM) 3.1 $28M 622k 44.35
Xcel Energy (XEL) 2.8 $25M 917k 26.71
Spectra Energy 2.6 $23M 851k 27.38
Exxon Mobil Corporation (XOM) 2.5 $22M 253k 86.55
Nextera Energy (NEE) 1.8 $16M 233k 69.19
NiSource (NI) 1.8 $16M 626k 24.89
Chunghwa Telecom Co Ltd - (CHT) 1.7 $15M 483k 30.42
Williams Companies (WMB) 1.6 $15M 444k 32.74
JPMorgan Chase & Co. (JPM) 1.4 $12M 282k 43.97
Wells Fargo & Company (WFC) 1.4 $12M 354k 34.18
Pfizer (PFE) 1.3 $12M 471k 25.08
Oracle Corporation (ORCL) 1.3 $12M 353k 33.32
General Electric Company 1.3 $12M 559k 20.99
International Business Machines (IBM) 1.3 $12M 60k 191.56
Duke Energy (DUK) 1.2 $11M 171k 63.80
American Electric Power Company (AEP) 1.2 $11M 250k 42.68
At&t (T) 1.2 $11M 313k 33.71
Coca-Cola Company (KO) 1.2 $10M 287k 36.25
Alliant Energy Corporation (LNT) 1.2 $10M 242k 42.62
Southern Company (SO) 1.1 $10M 239k 42.81
Citigroup (C) 1.1 $10M 255k 39.56
Microsoft Corporation (MSFT) 1.1 $10M 374k 26.71
Philip Morris International (PM) 1.1 $10M 120k 83.64
Google 1.1 $9.7M 14k 707.36
Philippine Long Distance Telephone 1.1 $9.4M 143k 65.93
Exelon Corporation (EXC) 0.9 $8.3M 280k 29.74
Chevron Corporation (CVX) 0.9 $8.3M 77k 108.14
Home Depot (HD) 0.8 $7.5M 122k 61.85
iShares MSCI Hong Kong Index Fund (EWH) 0.8 $7.4M 410k 18.08
Cisco Systems (CSCO) 0.8 $7.3M 374k 19.65
PT Telekomunikasi Indonesia (TLK) 0.8 $7.4M 239k 30.87
Abbott Laboratories (ABT) 0.8 $7.2M 110k 65.50
Qualcomm (QCOM) 0.8 $7.1M 114k 61.86
Walt Disney Company (DIS) 0.8 $6.9M 138k 49.79
Johnson & Johnson (JNJ) 0.8 $6.8M 96k 70.10
Comcast Corporation (CMCSA) 0.8 $6.7M 179k 37.36
Merck & Co (MRK) 0.8 $6.6M 162k 40.94
Procter & Gamble Company (PG) 0.8 $6.6M 97k 67.89
Schlumberger (SLB) 0.7 $6.6M 95k 69.30
Ford Motor Company (F) 0.7 $6.6M 509k 12.95
Berkshire Hathaway (BRK.B) 0.7 $6.3M 70k 89.70
Wal-Mart Stores (WMT) 0.7 $6.3M 92k 68.23
Boeing Company (BA) 0.7 $6.3M 84k 75.36
iShares iBoxx $ High Yid Corp Bond (HYG) 0.7 $6.1M 65k 93.34
American Express Company (AXP) 0.7 $5.9M 102k 57.48
Bristol Myers Squibb (BMY) 0.7 $5.8M 179k 32.59
Visa (V) 0.7 $5.8M 38k 151.59
Monsanto Company 0.7 $5.8M 61k 94.65
CVS Caremark Corporation (CVS) 0.6 $5.7M 118k 48.35
Goldman Sachs (GS) 0.6 $5.3M 41k 127.56
American International (AIG) 0.6 $4.9M 139k 35.30
Verizon Communications (VZ) 0.5 $4.8M 111k 43.27
Occidental Petroleum Corporation (OXY) 0.5 $4.8M 63k 76.61
Eli Lilly & Co. (LLY) 0.5 $4.7M 95k 49.32
Express Scripts Holding 0.5 $4.7M 87k 54.00
Colgate-Palmolive Company (CL) 0.5 $4.6M 44k 104.53
Lowe's Companies (LOW) 0.5 $4.6M 129k 35.52
Starbucks Corporation (SBUX) 0.5 $4.6M 85k 53.63
EOG Resources (EOG) 0.5 $4.5M 37k 120.79
United Parcel Service (UPS) 0.5 $4.4M 60k 73.73
Honeywell International (HON) 0.5 $4.4M 70k 63.47
EMC Corporation 0.5 $4.4M 175k 25.30
Time Warner Cable 0.5 $4.4M 45k 97.19
Yum! Brands (YUM) 0.5 $4.2M 64k 66.40
Costco Wholesale Corporation (COST) 0.5 $4.2M 42k 98.73
Target Corporation (TGT) 0.5 $4.2M 70k 59.17
United Technologies Corporation 0.5 $4.0M 49k 82.01
Danaher Corporation (DHR) 0.4 $3.9M 70k 55.90
Bank of America Corporation (BAC) 0.4 $3.7M 319k 11.61
Anadarko Petroleum Corporation 0.4 $3.7M 50k 74.32
CBS Corporation 0.4 $3.6M 95k 38.05
W.W. Grainger (GWW) 0.4 $3.6M 18k 202.39
Intel Corporation (INTC) 0.4 $3.7M 177k 20.62
Macquarie Infrastructure Company 0.4 $3.6M 120k 29.95
Kellogg Company (K) 0.4 $3.5M 64k 55.84
Dollar General (DG) 0.4 $3.5M 80k 44.09
U.S. Bancorp (USB) 0.4 $3.4M 108k 31.94
Bank of New York Mellon Corporation (BK) 0.4 $3.4M 134k 25.70
Morgan Stanley (MS) 0.4 $3.4M 180k 19.12
Halliburton Company (HAL) 0.4 $3.5M 100k 34.69
Freeport-McMoRan Copper & Gold (FCX) 0.4 $3.5M 102k 34.20
State Street Corporation (STT) 0.4 $3.4M 72k 47.02
Union Pacific Corporation (UNP) 0.4 $3.4M 27k 125.70
Precision Castparts 0.4 $3.4M 18k 189.41
Marsh & McLennan Companies (MMC) 0.4 $3.3M 95k 34.47
Allergan 0.4 $3.2M 34k 91.72
Broadcom Corporation 0.4 $3.2M 97k 33.21
Apache Corporation 0.3 $3.1M 39k 78.50
Mosaic (MOS) 0.3 $3.1M 55k 56.63
PNC Financial Services (PNC) 0.3 $3.0M 51k 58.32
Adobe Systems Incorporated (ADBE) 0.3 $3.0M 80k 37.68
Yahoo! 0.3 $3.0M 152k 19.90
Beam 0.3 $3.0M 50k 61.10
Johnson Controls 0.3 $2.9M 96k 30.67
National-Oilwell Var 0.3 $2.9M 43k 68.34
MetLife (MET) 0.3 $2.9M 89k 32.95
MasterCard Incorporated (MA) 0.3 $2.9M 5.8k 491.28
DaVita (DVA) 0.3 $2.8M 25k 110.55
Prudential Financial (PRU) 0.3 $2.9M 54k 53.33
Discovery Communications 0.3 $2.8M 45k 63.48
Dow Chemical Company 0.3 $2.8M 86k 32.34
Raytheon Company 0.3 $2.7M 48k 57.57
Corning Incorporated (GLW) 0.3 $2.7M 213k 12.62
Intuit (INTU) 0.3 $2.7M 45k 59.47
Noble Energy 0.3 $2.6M 25k 101.74
Motorola Solutions (MSI) 0.3 $2.6M 46k 55.69
Bed Bath & Beyond 0.3 $2.5M 44k 55.91
Becton, Dickinson and (BDX) 0.3 $2.4M 31k 78.19
Waste Management (WM) 0.3 $2.4M 70k 33.74
Marriott International (MAR) 0.3 $2.4M 65k 37.27
Adt 0.3 $2.4M 52k 46.48
Progressive Corporation (PGR) 0.3 $2.3M 108k 21.10
Nucor Corporation (NUE) 0.3 $2.3M 54k 43.15
Tiffany & Co. 0.3 $2.3M 41k 57.34
Kroger (KR) 0.3 $2.3M 90k 26.02
C.H. Robinson Worldwide (CHRW) 0.3 $2.3M 37k 63.21
Calpine Corporation 0.3 $2.3M 126k 18.12
Rockwell Automation (ROK) 0.3 $2.3M 27k 84.00
VMware 0.3 $2.3M 23k 98.88
Stanley Black & Decker (SWK) 0.2 $2.3M 31k 73.98
Newell Rubbermaid (NWL) 0.2 $2.3M 101k 22.27
ConocoPhillips (COP) 0.2 $2.2M 39k 57.99
Pepsi (PEP) 0.2 $2.2M 32k 68.42
ConAgra Foods (CAG) 0.2 $2.2M 76k 29.50
Dover Corporation (DOV) 0.2 $2.2M 33k 65.72
Wynn Resorts (WYNN) 0.2 $2.2M 20k 112.50
Mead Johnson Nutrition 0.2 $2.2M 33k 65.88
CF Industries Holdings (CF) 0.2 $2.2M 11k 203.13
MGM Resorts International. (MGM) 0.2 $2.2M 163k 13.76
Cameron International Corporation 0.2 $2.2M 40k 56.45
Baxter International (BAX) 0.2 $2.1M 32k 66.65
Coach 0.2 $2.1M 38k 55.51
Capital One Financial (COF) 0.2 $2.1M 37k 57.94
Fluor Corporation (FLR) 0.2 $2.1M 36k 58.74
St. Jude Medical 0.2 $2.0M 57k 36.14
Citrix Systems 0.2 $1.9M 30k 65.61
Boston Scientific Corporation (BSX) 0.2 $1.9M 333k 5.73
Humana (HUM) 0.2 $2.0M 29k 68.63
Concho Resources 0.2 $2.0M 25k 79.40
Ralph Lauren Corp (RL) 0.2 $1.9M 13k 149.96
Bunge 0.2 $1.8M 25k 72.61
Lincoln National Corporation (LNC) 0.2 $1.8M 70k 25.90
McDonald's Corporation (MCD) 0.2 $1.8M 20k 88.22
Safeway 0.2 $1.8M 98k 18.09
Energizer Holdings 0.2 $1.7M 23k 76.40
Huntington Bancshares Incorporated (HBAN) 0.2 $1.7M 269k 6.39
3M Company (MMM) 0.2 $1.6M 18k 92.86
Paychex (PAYX) 0.2 $1.7M 55k 31.09
Darden Restaurants (DRI) 0.2 $1.7M 38k 45.07
Chipotle Mexican Grill (CMG) 0.2 $1.7M 5.7k 297.49
American Tower Reit (AMT) 0.2 $1.7M 22k 77.27
Gilead Sciences (GILD) 0.2 $1.6M 22k 73.45
Manpower (MAN) 0.2 $1.6M 38k 43.06
Taiwan Fund (TWN) 0.2 $1.6M 93k 16.98
Caterpillar (CAT) 0.2 $1.5M 17k 89.60
FedEx Corporation (FDX) 0.2 $1.5M 17k 91.72
BorgWarner (BWA) 0.2 $1.5M 21k 71.62
Facebook Inc cl a (META) 0.2 $1.5M 55k 26.62
Nabors Industries 0.2 $1.4M 99k 14.45
Hollyfrontier Corp 0.2 $1.4M 31k 46.55
Newfield Exploration 0.1 $1.3M 47k 26.77
eBay (EBAY) 0.1 $1.2M 24k 50.99
Chubb Corporation 0.1 $1.1M 15k 75.33
Best Buy (BBY) 0.1 $998k 84k 11.85
FirstEnergy (FE) 0.1 $918k 22k 41.77
Mondelez Int (MDLZ) 0.1 $786k 31k 25.47
Ocean Power Technologies 0.0 $373k 112k 3.33