Table: The P&I/Towers Watson World 300

Ranked by U.S. dollars, in millions. U.S. fund data are from the P&I 1,000, published Feb. 6, 2012; non-U.S. fund data are as of Dec. 31, 2011, unless otherwise noted.

RankFundCountryTotal assets
1Government Pension Investment1Japan$1,394,873
2Government Pension FundNorway$575,527
3ABPNetherlands$320,356
4National PensionSouth Korea$313,981
5Federal Retirement ThriftU.S.$281,359
6California Public EmployeesU.S.$220,638
7Local Government Officials1, 2Japan$199,549
8Central Provident FundSingapore$159,789
9Canada Pension2Canada$158,669
10Employees Provident FundMalaysia$153,890
11PFZWNetherlands$150,479
12California State TeachersU.S.$139,534
13National Social SecurityChina$136,665
14New York State CommonU.S.$133,833
15New York City RetirementU.S.$130,729
16ATPDenmark$121,625
17Florida State BoardU.S.$120,841
18Pension Fund Association1Japan$118,358
19Ontario TeachersCanada$114,825
20GEPFSouth Africa$112,053
21National Public Service1Japan$104,990
22General MotorsU.S.$104,590
23Texas TeachersU.S.$101,630
24National Wealth FundRussia$86,907
25Fondo de Reserva SeguridadSpain$85,250
26IBMU.S.$84,657
27PreviBrazil$83,467
28BoeingU.S.$80,192
29New York State TeachersU.S.$79,184
30Wisconsin Investment BoardU.S.$76,497
31Public School Employees1Japan$75,803
32North CarolinaU.S.$75,345
33Future FundAustralia$74,349
34AT&TU.S.$73,798
35Ohio Public EmployeesU.S.$70,395
36AlectaSweden$70,372
37New JerseyU.S.$68,485
38Bayerische VersorgungskammerGermany$66,952
39Washington State BoardU.S.$63,083
40BT Group2U.K.$59,565
41Ohio State TeachersU.S.$59,367
42General ElectricU.S.$58,639
43Employees' Provident3India$57,957
44Organization for Workers1Japan$57,008
45Oregon Public EmployeesU.S.$55,819
46Royal Dutch Shell4Netherlands$54,481
47Ontario Municipal EmployeesCanada$54,014
48Public Institute for Social SecurityKuwait$53,867
49Metaal/tech. BedrijvenNetherlands$52,943
50Michigan RetirementU.S.$52,517
51Universities Superannuation2U.K.$52,392
52Virginia RetirementU.S.$51,143
53California UniversityU.S.$49,346
54Ford MotorU.S.$48,713
55PFA PensionDenmark$48,585
56Georgia TeachersU.S.$48,130
57Minnesota State BoardU.S.$47,754
58Royal Mail5U.K.$47,516
59Pennsylvania School Empl.U.S.$47,379
60Lockheed MartinU.S.$47,300
61AMF PensionSweden$46,523
62Massachusetts PRIMU.S.$45,576
63FRRFrance$45,455
64Lloyds TSB Group6U.K.$44,554
65Electricity Supply Pension1U.K.$44,454
66VerizonU.S.$44,298
67Labor Pension FundTaiwan$43,538
68AustralianSuperAustralia$43,448
69Private Schools Employees1Japan$42,622
70BouwnijverheidNetherlands$42,459
71Public Service Pension PlanCanada$41,489
72Quebec Government & PublicCanada$41,255
73VarmaFinland$41,248
74Healthcare of OntarioCanada$39,539
75 Alcatel-LucentU.S.$38,865
76Royal Bank of Scotland Group6U.K.$38,770
77AFP ProvidaChile$38,651
78Colorado EmployeesU.S.$38,282
79United Nations Joint StaffU.S.$38,121
80KevaFinland$37,612
81PMENetherlands$37,398
82IlmarinenFinland$35,593
83Los Angeles County Empl.U.S.$35,503
84Bundes PensionskasseSwitzerland$35,216
85Tennessee ConsolidatedU.S.$35,187
86Quebec PensionCanada$34,551
87Maryland State RetirementU.S.$34,298
88Northrop GrummanU.S.$34,163
89QSuperAustralia$34,079
90AFP HabitatChile$33,936
91United Parcel ServiceU.S.$33,629
92Illinois TeachersU.S.$33,465
93Barclays Bank U.K.U.K.$33,290
94Bank of AmericaU.S.$32,736
95United TechnologiesU.S.$32,098
96AP Fonden 3Sweden$32,000
97First State SuperAustralia$31,388
98SampensionDenmark$31,311
99PetrosBrazil$31,100
100AP Fonden 2Sweden$30,840
101AP Fonden 1Sweden$30,516
102State SuperAustralia$30,364
103British AirwaysU.K.$30,160
104Teamsters, Western Conf.U.S.$30,113
105AP Fonden 4Sweden$29,994
106Exxon MobilU.S.$29,300
107AFP CapitalChile$29,297
108Banamex7Mexico$29,262
109BVVGermany$29,109
110British Coal Pension SchemesU.K.$29,055
111UniSuperAustralia$28,592
112Wells FargoU.S.$28,498
113Arizona State RetirementU.S.$27,800
114B.C. Municipal8Canada$27,493
115National Pension Association1Japan$27,461
116Railways PensionsU.K.$27,368
117AFP CuprumChile$27,295
118Missouri Public SchoolsU.S.$26,732
119HSBC BankU.K.$26,604
120Pennsylvania EmployeesU.S.$26,534
121 ING St. Psf.6Netherlands$26,000
122Indiana Public RetirementU.S.$25,708
123FUNCEFBrazil$25,551
124Nippon Telegraph & Telephone1, 2Japan$25,415
125Alabama RetirementU.S.$25,344
126Mitsubishi UFJ Financial1, 2, 6Japan$25,314
127Bancomer7Mexico$25,077
128National Grid2U.K.$24,893
129South Carolina RetirementU.S.$24,875
130Retirement Fund-KWAPMalaysia$24,863
131Illinois MunicipalU.S.$24,805
132Hewlett-PackardU.S.$24,513
133RaytheonU.S.$24,240
134Chrysler GroupU.S.$24,198
135Texas EmployeesU.S.$23,909
136ZilverfondBelgium$23,812
137CSCAustralia$23,606
138BPU.K.$23,587
139XXI7Mexico$23,213
140BAE Systems Pension SchemeU.K.$23,198
141Nevada Public EmployeesU.S.$23,162
142Sura7Mexico$22,990
143J.P. Morgan ChaseU.S.$22,868
144PensionISSSTE7Mexico$22,787
145KaiserU.S.$22,718
146FedExU.S.$22,567
147ChevronU.S.$22,517
148 DuPontU.S.$22,511
149Connecticut RetirementU.S.$22,404
150Panasonic1, 2Japan$22,206
151National RailroadU.S.$22,172
152BVK des Kantons ZurichSwitzerland$22,151
153UBSSwitzerland$21,937
154Utah State RetirementU.S.$21,866
155Iowa Public EmployeesU.S.$21,440
156HoneywellU.S.$21,080
157PensionDanmarkDenmark$21,030
158RabobankNetherlands$20,989
159Nestle6Switzerland$20,780
160Unilever6U.K.$20,777
161RESTAustralia$20,690
162BASF6Germany$20,166
163VBLGermany$19,943
164National Pensions Reserve2Ireland$19,555
165ABN AMRO6Netherlands$19,453
166Mississippi EmployeesU.S.$19,372
167State FarmU.S.$19,301
168 CitigroupU.S.$19,236
169Local Authorities Pension BoardCanada$19,235
170PfizerU.S.$19,218
171Profuturo GNP7Mexico$19,132
172AkzoNobel6U.K.$18,913
173Novartis6Switzerland$18,826
174HestaAustralia$18,470
175Alaska RetirementU.S.$18,385
176Procter & GambleU.S.$18,367
177B.C. Public Service3Canada$18,310
1783MU.S.$18,302
179SunsuperAustralia$18,189
180PhillipsNetherlands$18,060
181Migros-Genossenschafts-BundSwitzerland$17,881
182Texas Municipal RetirementU.S.$17,847
183State PensionFinland$17,788
184CbusAustralia$17,591
185British Steel Pension Scheme3U.K.$17,552
186Strathclyde Pension Fund2U.K.$17,531
187Zenkoku Shinyo Kinko1, 2Japan$17,528
188Dow ChemicalU.S.$17,524
189Shell OilU.S.$17,505
190Industriens PensionDenmark$17,481
191American AirlinesU.S.$17,386
192AvivaU.K.$17,294
193Delta Air LinesU.S.$17,244
194Mizuho Financial Group1, 2, 6Japan$16,923
195Texas County & DistrictU.S.$16,819
196PrudentialU.S.$16,752
197Hitachi1, 2, 6Japan$16,734
198B.C. TeachersCanada$16,571
199Teamsters, Central StatesU.S.$16,571
200Toyota Motor1, 2, 6Japan$16,393
201Greater Manchester2U.K.$16,341
202Government PensionThailand$16,340
203ESSSuperAustralia$16,318
204Deutsche Bank6Germany$16,309
205 Johnson & JohnsonU.S.$16,126
206Bell CanadaCanada$16,066
207San Francisco City & CountyU.S.$15,961
208Siemens9Germany$15,940
209Public Sector Pension FundTaiwan$15,911
210United Methodist ChurchU.S.$15,833
211CaterpillarU.S.$15,526
212CenturyLinkU.S.$15,382
213Canada PostCanada$15,128
214Ontario Pension BoardCanada$15,109
215SBB PensionskasseSwitzerland$14,959
216Labor Insurance FundTaiwan$14,916
217Zurich Financial Services6Switzerland$14,902
218Aviva OFEPoland$14,867
219World BankU.S.$14,856
220SygeplejerskerDenmark$14,846
221Grafische BedrijvenNetherlands$14,815
222PG&EU.S.$14,753
223Rolls-RoyceU.K.$14,712
224ExelonU.S.$14,619
225Hydro-QuebecCanada$14,608
226Credit SuisseSwitzerland$14,572
227PK PostSwitzerland$14,498
228SpoorwegpensioenfondsNetherlands$14,482
229Canadian National RailwaysCanada$14,433
230Wal-Mart StoresU.S.$14,385
231Laegernes PensionskasseDenmark$14,225
232BBC2U.K.$14,217
233PepsiCoU.S.$14,198
234City of Zurich8Switzerland$14,143
235 GlaxoSmithKlineU.K.$14,093
236PorvenirColombia$14,060
237AP Fonden 7Sweden$13,987
238DaimlerGermany$13,890
239General DynamicsU.S.$13,741
240Magistrenes PensionskasseDenmark$13,605
241Super SAAustralia$13,589
242National ElectricU.S.$13,586
243Kentucky TeachersU.S.$13,470
244OPSEUCanada$13,434
245Illinois State UniversitiesU.S.$13,432
246West Yorkshire3U.K.$13,369
247Los Angeles Fire & PoliceU.S.$13,229
248Illinois State BoardU.S.$13,210
249TelmexMexico$13,195
250MerckU.S.$13,191
251Baden-WurttembergischeGermany$13,140
252Government Service InsurancePhilippines$13,138
253Allianz6Germany$13,126
254BP AmericaU.S.$13,063
255ProtecciónColombia$13,055
256West Midlands MetropolitanU.K.$12,982
257Nordrheinische Ärzteversorgung Germany$12,815
258Georgia EmployeesU.S.$12,787
259Federal Reserve EmployeesU.S.$12,751
260DeereU.S.$12,677
261Quebec Construction Industry1Canada$12,482
262New Zealand Superannuation8New Zealand$12,426
263GESBAustralia$12,324
264Louisiana TeachersU.S.$12,287
265International PaperU.S.$12,185
266Fujitsu2Japan$12,176
267RWEGermany$12,145
268 MetLifeU.S.$12,122
269New York State Def. Comp.U.S.$12,067
270 ConocoPhillipsU.S.$11,956
271Tapiola Mutual Pension Ins.Finland$11,954
272Kansas Public EmployeesU.S.$11,868
273Fonds de Comp./Securite SocialeLuxembourg$11,785
274Verboer1Netherlands$11,749
275Arkansas TeachersU.S.$11,708
276Air CanadaCanada$11,676
277Sumitomo Mitsui Financial Group1, 2, 6Japan$11,639
278Tokyo Municipal Government1Japan$11,582
279Teachers' Pension1South Korea$11,558
280Telstra SuperAustralia$11,546
281Eastman KodakU.S.$11,526
282FEFSSPortugal$11,489
283Siemens (USA)U.S.$11,474
284United Continental HoldingsU.S.$11,435
285Hoffman La Roche6Switzerland$11,347
286New Mexico Public Empl.U.S.$11,321
287Principal7Mexico$11,263
288Kraft FoodsU.S.$11,208
289Banco Santander (U.K.)U.K.$11,002
290Ohio Police & FireU.S.$10,995
291Idaho Public EmployeesU.S.$10,978
292 Southern Co.U.S.$10,960
293 Abbott LaboratoriesU.S.$10,847
294Los Angeles City EmployeesU.S.$10,816
295IntelU.S.$10,802
296NPF Gazfond10Russia$10,771
297AlcoaU.S.$10,707
298Toshiba1, 2Japan$10,689
299Prudential StaffU.K.$10,642
300AerzteVersorgung Westfalen Lippe Germany$10,510
Total $12,748,080
Notes: 1: Estimate; 2: As of March 31, 2012; 3: As of March 31, 2011; 4: Global figure (ex-U.S.); 5: As of March 25, 2012; 6: Global figure; 7: As of May 31, 2012; 8: As of June 30, 2011; 9: As of Sept. 30, 2011; 10: As of July 1, 2011.

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