CHOATE INVESTMENT ADVISORS Information

TWO INTERNATIONAL PLACE, BOSTON, Massachusetts, 02110, (617) 248-5000

Report Date: 12/31/2013

Position Statistics

Total Positions 272
New Positions 22
Increased Positions 86
Decreased Positions 145
Positions with Activity 231
Sold Out Positions 8
Total Mkt Value (in $ millions) 1,540

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.36%
Capital Goods 1.54%
Conglomerates
Consumer Cyclical 0.52%
Consumer/Non-Cyclical 2.63%
Energy 2.79%
Financial 73.2%
Healthcare 4.16%
Services 3.72%
Technology 6.98%
Transportation 0.64%
Utilities 0.45%

272 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES CORE S&P500 ETF 266,192 14,707 5.85 1,419,386
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 196,751 20,096 11.38 4,743,269
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 89,795 4,485 5.26 2,160,608
POWERSHARES ETF TR II INTL DEV LOWVL 65,498 25,434 63.48 2,006,673
ISHARES MSCI EAFE ETF 62,295 -3,448 (5.25) 922,474
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 55,228 -3,492 (5.95) 728,316
POWERSHARES ETF TRUST DYNA BUYBK ACH 53,483 1,401 2.69 1,243,201
ISHARES EAFE GRWTH ETF 50,272 -8,658 (14.69) 707,881
VANGUARD CHARLOTTE FDS INTL BD IDX ETF 46,315 46,315 New 913,683
POWERSHARES ETF TR II EM MRK LOW VOL 44,550 10,595 31.20 1,617,078
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 41,620 -3,447 (7.65) 169,368
WISDOMTREE TR EMG MKTS SMCAP 27,927 323 1.17 584,122
SPDR S&P 500 ETF TR TR UNIT 19,438 -739 (3.66) 104,286
INTERNATIONAL BUSINESS MACHS COM 19,347 -78 (0.4) 101,820
ISHARES CORE S&P SCP ETF 18,940 -1,863 (8.95) 175,537
EXXON MOBIL CORP COM 16,426 173 1.06 163,575
GENERAL ELECTRIC CO COM 14,081 -255 (1.78) 530,146
PROCTER & GAMBLE CO COM 13,995 -548 (3.77) 171,173
VANGUARD INTL EQUITY INDEX FD FTSE SMCAP ETF 13,789 -4,450 (24.4) 128,063
ANALOG DEVICES INC COM 12,960 2 .02 245,230