Neuburgh Advisers Portfolio holdings

AUM $3.22B

1-Year Est. Return 3.75%

2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4

This Quarter Est. Return

1 Year Est. Return

+3.75%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$3.22B

AUM Growth

+$111M (+3.6%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

963

New

Increased

Reduced

Closed

Top Buys

1		+$38.5M
2		+$14.1M
3		+$8.47M
4	JPMorgan Chase JPM	+$8.09M
5	UnitedHealth UNH	+$6.87M

Top Sells

1		+$13M
2		+$8.82M
3		+$6.44M
4	iShares Core S&P 500 ETF IVV	+$6.2M
5	Charter Communications CHTR	+$5.98M

Sector Composition

1	Healthcare	19.18%
2	Financials	15.57%
3	Technology	14.86%
4	Consumer Discretionary	11.22%
5	Industrials	8.73%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
26	26 TJX Companies TJX $160B	$31.9M	0.99%	573,072 -2,192
27	FRC 27 DELISTED First Republic Bank FRC	$31.4M	0.98%	324,808 +26,422
28	28 Mastercard MA $512B	$30.1M	0.94%	110,944 +2,864
29	29 CME Group CME $96.4B	$30M	0.93%	141,760 -896
30	30 IQVIA IQV $36B	$29.7M	0.92%	198,594 +94,180
31	31 Texas Instruments TXN $163B	$25.6M	0.8%	198,066 -8,360
32	32 Marriott International MAR $70.6B	$23M	0.71%	184,704 -3,904
33	33 Pfizer PFE $140B	$22.9M	0.71%	671,065 -132,127
34	34 Duke Energy DUK $100B	$19.7M	0.61%	205,258 +49,198
35	35 Citigroup C $178B	$19.2M	0.6%	278,320 +98,464
36	36 Broadcom AVGO $1.65T	$18.8M	0.58%	680,340 +111,860
37	37 Bristol-Myers Squibb BMY $88.7B	$16.5M	0.51%	325,380 +101,116
38	38 Verizon VZ $172B	$16M	0.5%	264,304 +3,552
39	39 Cigna CI $81.9B	$15.9M	0.49%	104,816 -4,736
40	40 Northern Trust NTRS $24.6B	$15.7M	0.49%	168,402 +15,198
41	41 Shopify SHOP $214B	$14.4M	0.45%	462,240 -24,160
42	42 Alphabet (Google) Class C GOOG $3.11T	$14.2M	0.44%	233,280 +53,120
43	43 Cisco CSCO $279B	$14M	0.44%	284,336 +48,112
44	44 F5 FFIV $17B	$13.6M	0.42%	97,172 -45,866
45	45 McDonald's MCD $220B	$13.6M	0.42%	63,470 +6,600
46	46 Accenture ACN $150B	$13.5M	0.42%	70,414 +16,150
47	47 A.O. Smith AOS $9.78B	$13.4M	0.42%	280,192 -19,976
48	48 Costco COST $415B	$13.4M	0.42%	46,368 -1,264
49	49 RB Global RBA $18.5B	$13.2M	0.41%	330,038
50	50 iShares MSCI EAFE ETF EFA $68.7B	$12.7M	0.39%	194,650