JARISLOWSKY, FRASER LTD Information

1010 SHERBROOKE ST. WEST, MONTREAL, , H3A 2R7, (514) 842-2727

Report Date: 12/31/2013

Position Statistics

Total Positions 141
New Positions 3
Increased Positions 35
Decreased Positions 104
Positions with Activity 139
Sold Out Positions 3
Total Mkt Value (in $ millions) 17,949

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

Sector Weighting

Basic Materials 5.66%
Capital Goods 1.08%
Conglomerates
Consumer Cyclical 0.59%
Consumer/Non-Cyclical 6.73%
Energy 18.48%
Financial 31.77%
Healthcare 4.96%
Services 12.94%
Technology 7.97%
Transportation 3.99%
Utilities 5.85%

35 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
OPEN TEXT CORP COM 331,364 93,210 39.14 7,078,914
INTERNATIONAL BUSINESS MACHS COM 154,061 36,861 31.45 810,805
ALLERGAN INC COM 123,988 1,081 .88 925,836
VERISK ANALYTICS INC CL A 87,140 318 .37 1,512,844
BHP BILLITON PLC SPONSORED ADR 79,897 3,481 4.56 1,241,216
BANCO BRADESCO S A SP ADR PFD NEW 58,662 1,875 3.30 3,931,736
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 58,602 5,888 11.17 618,169
DAVITA HEALTHCARE PARTNERS INC COM 52,878 594 1.14 760,727
TARGET CORP COM 52,315 4,923 10.39 871,911
SANOFI SPONSORED ADR 42,814 705 1.68 817,992
STANTEC INC COM 42,727 197 .46 727,025
GOOGLE INC CL A 38,228 5,649 17.34 70,357
GOOGLE INC CL C 37,718 5,574 17.34 70,357
HSBC HLDGS PLC SPON ADR NEW 35,921 882 2.52 688,660
MICROSOFT CORP COM 25,494 22,134 658.76 637,200
SIEMENS A G SPONSORED ADR 24,934 557 2.29 184,712
GLAXOSMITHKLINE PLC SPONSORED ADR 19,047 379 2.03 362,728
BANK MONTREAL QUE COM 16,899 961 6.03 244,247
FRESENIUS MED CARE AG&CO KGAA SPONSORED ADR 15,478 875 5.99 455,236
ABBVIE INC COM 14,703 14,703 New 302,843