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

$3.11B

AUM Growth

+$165M (+5.6%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

938

New

Increased

Reduced

Closed

Top Buys

1		+$49.4M
2		+$30.9M
3		+$13.8M
4	JPMorgan Chase JPM	+$11.3M
5	Wabtec WAB	+$9.45M

Top Sells

1		+$16.4M
2		+$12.3M
3		+$11.5M
4	Fastenal FAST	+$8.64M
5	Bank of New York Mellon BK	+$8.59M

Sector Composition

1	Healthcare	19.09%
2	Financials	15.65%
3	Technology	15.21%
4	Consumer Discretionary	11.67%
5	Industrials	9.15%

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
176	176 Hasbro HAS $10.8B	$2.77M	0.09%	26,248 -6,698
177	177 KLA KLAC $156B	$2.76M	0.09%	23,320 -19,448
178	178 S&P Global SPGI $149B	$2.74M	0.09%	12,012 +5,148
179	XEC 179 DELISTED CIMAREX ENERGY CO XEC	$2.73M	0.09%	46,064 -4,944
180	180 Cinemark Holdings CNK $3.04B	$2.67M	0.09%	74,064 -14,128
181	181 Leidos LDOS $24.4B	$2.66M	0.09%	33,328 +18,064
182	182 CBRE Group CBRE $48.5B	$2.65M	0.09%	51,712 +12,256
183	183 Service Corp International SCI $11.5B	$2.64M	0.09%	56,406 -36,992
184	184 Fiserv FI $68B	$2.62M	0.08%	28,776 +8,932
185	185 GE Aerospace GE $321B	$2.56M	0.08%	48,823 +5,205
186	186 NRG Energy NRG $33B	$2.55M	0.08%	72,704 -13,392
187	187 Toll Brothers TOL $13.3B	$2.55M	0.08%	69,586 -10,582
188	188 Lamar Advertising Co LAMR $12.2B	$2.55M	0.08%	31,552 +4,658
189	189 Timken Company TKR $5.44B	$2.54M	0.08%	49,566 +18,964
190	190 Yum! Brands YUM $39.8B	$2.48M	0.08%	22,418 +5,984
191	191 Marsh & McLennan MMC $91.4B	$2.47M	0.08%	24,752 +7,024
192	PS 192 DELISTED Pluralsight, Inc. Class A Common Stock PS	$2.46M	0.08%	81,008 +1,264
193	193 Ameren AEE $28.2B	$2.45M	0.08%	32,672 +11,040
194	194 Williams-Sonoma WSM $23B	$2.45M	0.08%	75,412 +42,908
195	195 Olin OLN $2.76B	$2.45M	0.08%	111,782 +37,378
196	196 US Foods USFD $16.7B	$2.44M	0.08%	68,374 -100,640
197	197 Edison International EIX $22.2B	$2.37M	0.08%	35,156 -16,346
198	198 Coterra Energy CTRA $18B	$2.35M	0.08%	102,512 +69,296
199	199 Cooper Companies COO $14.6B	$2.35M	0.08%	27,880 +11,424
200	200 OneMain Financial OMF $6.79B	$2.31M	0.07%	68,310 +33,110