JARISLOWSKY, FRASER LTD Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 141
New Positions 2
Increased Positions 30
Decreased Positions 109
Positions with Activity 139
Sold Out Positions 3
Total Mkt Value (in $ millions) 18,710

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

Sector Weighting

Basic Materials 5.39%
Capital Goods 1.03%
Conglomerates
Consumer Cyclical 0.45%
Consumer/Non-Cyclical 6.26%
Energy 19.26%
Financial 32.82%
Healthcare 4.84%
Services 11.61%
Technology 7.69%
Transportation 4.65%
Utilities 6%

30 INCREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CANADIAN NAT RES LTD COM 821,968 62,846 8.28 17,974,362
PEMBINA PIPELINE CORP COM 128,624 27,455 27.14 2,958,240
GOOGLE INC CL C 82,476 40,545 96.69 138,388
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 73,695 12,502 20.43 744,469
TARGET CORP COM 60,128 7,176 13.55 990,080
GOOGLE INC CL A 45,798 3,219 7.56 75,676
SANOFI SPONSORED ADR 45,262 2,768 6.51 871,267
HSBC HLDGS PLC SPON ADR NEW 38,256 2,576 7.22 738,383
CA INC COM 34,950 34,950 New 1,232,365
MICROSOFT CORP COM 28,942 350 1.23 645,011
COMCAST CORP NEW CL A SPL 26,264 13,669 108.53 482,002
SIEMENS A G SPONSORED ADR 24,348 1,048 4.50 193,020
SAP AG SPON ADR 22,668 404 1.81 275,436
GLAXOSMITHKLINE PLC SPONSORED ADR 18,718 567 3.13 374,067
COSTCO WHSL CORP NEW COM 15,304 15,304 New 130,143
LUXOTTICA GROUP S P A SPONSORED ADR 8,291 96 1.17 149,839
BANCO SANTANDER SA ADR 8,025 741 10.17 802,479
TOYOTA MOTOR CORP SP ADR REP2COM 7,677 678 9.68 64,278
REED ELSEVIER P L C SPONS ADR NEW 6,848 484 7.61 106,830
ING GROEP N V SPONSORED ADR 4,062 97 2.45 299,814