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 March 31, 2014

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 187 positions in its portfolio as reported in the March 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spectra Energy 3.8 $38M 1.0M 36.94
Nextera Energy (NEE) 3.5 $35M 362k 95.62
NiSource (NI) 3.3 $33M 929k 35.53
Xcel Energy (XEL) 3.2 $32M 1.1M 30.36
Apple (AAPL) 2.5 $25M 47k 536.73
Duke Energy (DUK) 2.4 $24M 341k 71.22
Exxon Mobil Corporation (XOM) 1.9 $19M 196k 97.68
Alliant Energy Corporation (LNT) 1.7 $17M 304k 56.81
Southern Company (SO) 1.6 $16M 363k 43.94
Microsoft Corporation (MSFT) 1.6 $16M 383k 40.99
Google 1.5 $15M 14k 1114.51
Chunghwa Telecom Co Ltd - (CHT) 1.5 $15M 483k 30.68
Wells Fargo & Company (WFC) 1.4 $14M 286k 49.74
General Electric Company 1.3 $13M 519k 25.89
JPMorgan Chase & Co. (JPM) 1.3 $13M 208k 60.71
PT Telekomunikasi Indonesia (TLK) 1.2 $12M 299k 39.37
Integrys Energy 1.2 $12M 195k 59.65
Enbridge (ENB) 1.1 $11M 250k 45.49
Transcanada Corp 1.1 $11M 250k 45.53
Pfizer (PFE) 1.1 $11M 345k 32.12
Williams Companies (WMB) 1.1 $11M 272k 40.58
Exelon Corporation (EXC) 0.9 $9.4M 280k 33.56
Macquarie Infrastructure Company 0.9 $8.9M 155k 57.27
Philippine Long Distance Telephone 0.9 $8.7M 143k 61.02
Johnson & Johnson (JNJ) 0.8 $8.4M 85k 98.23
Walt Disney Company (DIS) 0.8 $8.3M 103k 80.07
At&t (T) 0.8 $8.2M 235k 35.07
Citigroup (C) 0.8 $8.2M 172k 47.60
Qualcomm (QCOM) 0.8 $8.0M 101k 78.86
Procter & Gamble Company (PG) 0.8 $7.9M 98k 80.60
International Business Machines (IBM) 0.8 $7.7M 40k 192.49
Merck & Co (MRK) 0.8 $7.5M 132k 56.77
Pepsi (PEP) 0.8 $7.5M 90k 83.50
Chevron Corporation (CVX) 0.7 $7.4M 62k 118.92
Westar Energy 0.7 $7.4M 210k 35.16
Berkshire Hathaway (BRK.B) 0.7 $7.1M 57k 124.97
Home Depot (HD) 0.7 $7.0M 88k 79.13
Cisco Systems (CSCO) 0.7 $6.8M 302k 22.41
Oracle Corporation (ORCL) 0.7 $6.5M 159k 40.91
Pattern Energy 0.7 $6.5M 240k 27.13
Comcast Corporation (CMCSA) 0.6 $6.3M 126k 50.04
Gilead Sciences (GILD) 0.6 $6.3M 89k 70.87
iShares iBoxx $ High Yid Corp Bond (HYG) 0.6 $6.1M 65k 94.43
Amgen (AMGN) 0.6 $5.9M 48k 123.35
Visa (V) 0.6 $5.9M 27k 215.85
American Express Company (AXP) 0.6 $5.8M 65k 90.03
Union Pacific Corporation (UNP) 0.6 $5.8M 31k 187.65
CVS Caremark Corporation (CVS) 0.6 $5.8M 78k 74.86
American Electric Power Company (AEP) 0.6 $5.8M 114k 50.66
Boeing Company (BA) 0.6 $5.7M 46k 125.49
Dow Chemical Company 0.6 $5.7M 117k 48.59
Ford Motor Company (F) 0.6 $5.7M 367k 15.60
Bristol Myers Squibb (BMY) 0.6 $5.6M 107k 51.95
Abbvie (ABBV) 0.5 $5.4M 105k 51.40
Honeywell International (HON) 0.5 $5.1M 55k 92.75
Occidental Petroleum Corporation (OXY) 0.5 $4.9M 51k 95.29
Goldman Sachs (GS) 0.5 $4.8M 29k 163.84
United Parcel Service (UPS) 0.5 $4.7M 49k 97.39
Hewlett-Packard Company 0.5 $4.7M 145k 32.36
Twenty-first Century Fox 0.5 $4.7M 147k 31.97
Caterpillar (CAT) 0.5 $4.6M 46k 99.37
Colgate-Palmolive Company (CL) 0.5 $4.6M 71k 64.87
Express Scripts Holding 0.5 $4.6M 61k 75.09
Monsanto Company 0.5 $4.5M 40k 113.76
Time Warner 0.4 $4.4M 68k 65.33
Bank of America Corporation (BAC) 0.4 $4.4M 258k 17.20
McDonald's Corporation (MCD) 0.4 $4.4M 45k 98.02
Lockheed Martin Corporation (LMT) 0.4 $4.4M 27k 163.24
EMC Corporation 0.4 $4.4M 160k 27.41
Verizon Communications (VZ) 0.4 $4.3M 91k 47.57
Invesco (IVZ) 0.4 $4.3M 115k 37.00
Mondelez Int (MDLZ) 0.4 $4.3M 125k 34.55
Halliburton Company (HAL) 0.4 $4.1M 69k 58.89
Celgene Corporation 0.4 $4.1M 29k 139.60
Starbucks Corporation (SBUX) 0.4 $4.0M 55k 73.39
Lowe's Companies (LOW) 0.4 $4.0M 81k 48.90
Yum! Brands (YUM) 0.4 $3.9M 51k 75.40
Costco Wholesale Corporation (COST) 0.4 $3.8M 34k 111.68
3M Company (MMM) 0.4 $3.8M 28k 135.67
Morgan Stanley (MS) 0.4 $3.8M 121k 31.17
Capital One Financial (COF) 0.4 $3.8M 50k 77.17
Schlumberger (SLB) 0.4 $3.8M 39k 97.50
MetLife (MET) 0.4 $3.8M 72k 52.79
Directv 0.4 $3.8M 49k 76.41
U.S. Bancorp (USB) 0.4 $3.7M 87k 42.86
Eli Lilly & Co. (LLY) 0.4 $3.7M 64k 58.86
W.W. Grainger (GWW) 0.4 $3.7M 15k 252.65
United Rentals (URI) 0.4 $3.7M 39k 94.93
Danaher Corporation (DHR) 0.4 $3.7M 50k 75.00
TJX Companies (TJX) 0.4 $3.7M 62k 60.64
Prudential Financial (PRU) 0.4 $3.7M 43k 84.66
Precision Castparts 0.4 $3.7M 15k 252.77
PNC Financial Services (PNC) 0.4 $3.6M 42k 87.00
Discover Financial Services (DFS) 0.4 $3.6M 61k 58.19
MasterCard Incorporated (MA) 0.3 $3.5M 47k 74.70
Raytheon Company 0.3 $3.4M 34k 98.80
Anadarko Petroleum Corporation 0.3 $3.4M 40k 84.76
Target Corporation (TGT) 0.3 $3.4M 57k 60.51
Baxter International (BAX) 0.3 $3.3M 45k 73.57
Apache Corporation 0.3 $3.3M 40k 82.95
American International (AIG) 0.3 $3.3M 66k 50.01
Freeport-McMoRan Copper & Gold (FCX) 0.3 $3.2M 98k 33.07
Carnival Corporation (CCL) 0.3 $3.1M 82k 37.86
Noble Energy 0.3 $3.1M 44k 71.05
Alcoa 0.3 $3.1M 243k 12.87
Baker Hughes Incorporated 0.3 $3.1M 47k 65.02
Becton, Dickinson and (BDX) 0.3 $3.0M 25k 117.09
eBay (EBAY) 0.3 $3.0M 55k 55.24
Marriott International (MAR) 0.3 $3.0M 53k 56.02
Ralph Lauren Corp (RL) 0.3 $3.0M 19k 160.93
American Tower Reit (AMT) 0.3 $3.0M 37k 81.88
Bank of New York Mellon Corporation (BK) 0.3 $2.9M 83k 35.30
Johnson Controls 0.3 $2.9M 62k 47.31
Macy's (M) 0.3 $2.9M 48k 59.29
Marsh & McLennan Companies (MMC) 0.3 $2.9M 58k 49.30
SanDisk Corporation 0.3 $3.0M 36k 81.18
Cardinal Health (CAH) 0.3 $2.8M 39k 69.99
Franklin Resources (BEN) 0.3 $2.8M 51k 54.18
Southwestern Energy Company 0.3 $2.8M 62k 46.00
Intuit (INTU) 0.3 $2.8M 36k 77.74
Coca-Cola Company (KO) 0.3 $2.7M 69k 38.66
Stanley Black & Decker (SWK) 0.3 $2.7M 33k 81.23
Kroger (KR) 0.3 $2.7M 62k 43.66
Rockwell Automation (ROK) 0.3 $2.7M 22k 124.56
Chubb Corporation 0.3 $2.6M 29k 89.29
Mead Johnson Nutrition 0.3 $2.6M 31k 83.15
Nabors Industries 0.3 $2.6M 105k 24.65
Reynolds American 0.2 $2.5M 46k 53.41
Sherwin-Williams Company (SHW) 0.2 $2.5M 13k 197.11
DISH Network 0.2 $2.5M 40k 62.20
EOG Resources (EOG) 0.2 $2.5M 26k 98.09
Delta Air Lines (DAL) 0.2 $2.5M 71k 34.65
Broadcom Corporation 0.2 $2.5M 78k 31.47
Concho Resources 0.2 $2.5M 20k 122.52
Dollar General (DG) 0.2 $2.5M 45k 55.47
Waste Management (WM) 0.2 $2.4M 57k 42.08
Bed Bath & Beyond 0.2 $2.4M 36k 68.80
Newell Rubbermaid (NWL) 0.2 $2.4M 82k 29.90
DaVita (DVA) 0.2 $2.4M 36k 68.86
Motorola Solutions (MSI) 0.2 $2.4M 37k 64.30
Edwards Lifesciences (EW) 0.2 $2.3M 32k 74.17
Vulcan Materials Company (VMC) 0.2 $2.3M 34k 66.45
Fluor Corporation (FLR) 0.2 $2.3M 29k 77.73
CF Industries Holdings (CF) 0.2 $2.3M 8.8k 260.67
Huntington Bancshares Incorporated (HBAN) 0.2 $2.2M 218k 9.97
Citrix Systems 0.2 $2.2M 38k 57.44
Northrop Grumman Corporation (NOC) 0.2 $2.2M 18k 123.38
Harley-Davidson (HOG) 0.2 $2.2M 33k 66.61
Dover Corporation (DOV) 0.2 $2.2M 27k 81.75
Zimmer Holdings (ZBH) 0.2 $2.2M 23k 94.60
Mosaic (MOS) 0.2 $2.2M 45k 50.01
Progressive Corporation (PGR) 0.2 $2.1M 87k 24.22
Intel Corporation (INTC) 0.2 $2.1M 80k 25.81
Comerica Incorporated (CMA) 0.2 $2.1M 41k 51.80
Foot Locker (FL) 0.2 $2.1M 44k 46.97
Calpine Corporation 0.2 $2.1M 102k 20.91
BorgWarner (BWA) 0.2 $2.1M 34k 61.47
L Brands 0.2 $2.1M 37k 56.77
VMware 0.2 $2.0M 19k 108.01
Bunge 0.2 $1.9M 24k 79.52
National-Oilwell Var 0.2 $1.9M 25k 77.88
Energizer Holdings 0.2 $1.9M 19k 100.74
Texas Instruments Incorporated (TXN) 0.2 $1.9M 40k 47.15
Marathon Petroleum Corp (MPC) 0.2 $1.9M 22k 87.05
BlackRock (BLK) 0.2 $1.8M 5.8k 314.48
Wal-Mart Stores (WMT) 0.2 $1.8M 24k 76.44
Campbell Soup Company (CPB) 0.2 $1.8M 40k 44.88
Philip Morris International (PM) 0.2 $1.8M 22k 81.85
UnitedHealth (UNH) 0.2 $1.8M 22k 82.00
United States Steel Corporation (X) 0.2 $1.8M 66k 27.62
Ametek (AME) 0.2 $1.8M 35k 51.49
Adobe Systems Incorporated (ADBE) 0.2 $1.7M 26k 65.74
Allergan 0.2 $1.7M 14k 124.10
Hershey Company (HSY) 0.2 $1.7M 17k 104.38
Devon Energy Corporation (DVN) 0.2 $1.6M 23k 66.92
Republic Services (RSG) 0.2 $1.6M 45k 34.17
Expedia (EXPE) 0.2 $1.6M 22k 72.51
J.M. Smucker Company (SJM) 0.1 $1.5M 15k 97.27
Mobile TeleSystems OJSC 0.1 $1.2M 68k 17.50
salesforce (CRM) 0.1 $1.2M 22k 57.11
Hollyfrontier Corp 0.1 $1.2M 25k 47.59
Abbott Laboratories (ABT) 0.1 $849k 22k 38.49
Credicorp (BAP) 0.1 $731k 5.3k 137.92
FirstEnergy (FE) 0.1 $605k 18k 34.05
Southern Copper Corporation (SCCO) 0.0 $405k 14k 29.14
Ocean Power Technologies 0.0 $418k 112k 3.73
Compania de Minas Buenaventura SA (BVN) 0.0 $189k 15k 12.60