Stifel Trust Portfolio holdings

AUM $522M

1-Year Est. Return 16.41%

2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Est. Return

1 Year Est. Return

+16.41%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$535M

AUM Growth

+$5.45M (+1%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

467

New

Increased

Reduced

Closed

Top Buys

1		+$2.42M
2		+$775K
3		+$267K
4	Valmont Industries VMI	+$236K
5	Apple AAPL	+$173K

Top Sells

1		+$2.12M
2		+$1.74M
3		+$969K
4	Rayonier RYN	+$955K
5	American Express AXP	+$859K

Sector Composition

1	Healthcare	18.39%
2	Industrials	14.32%
3	Energy	11.23%
4	Technology	11.1%
5	Financials	9.95%

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 CVS Health CVS $104B	$6.17M	1.15%	81,900 -2,100
27	27 TJX Companies TJX $160B	$6.16M	1.15%	231,778 -18,534
28	28 Qualcomm QCOM $195B	$6.11M	1.14%	77,078 -3,859
29	29 Thermo Fisher Scientific TMO $211B	$6.07M	1.13%	51,440 -4,471
30	30 Trimble TRMB $19.2B	$6.07M	1.13%	164,274 -2,395
31	31 ConocoPhillips COP $108B	$6.05M	1.13%	70,571 -1,376
32	32 Procter & Gamble PG $354B	$5.8M	1.08%	73,861 -1,232
33	33 Accenture ACN $157B	$5.79M	1.08%	71,646 -2,005
34	34 Crown Castle CCI $41.2B	$5.72M	1.07%	76,973 -846
35	AGN 35 DELISTED Allergan Inc AGN	$5.64M	1.05%	33,348 -55
36	36 Eaton ETN $146B	$5.63M	1.05%	72,940 +566
37	37 BCE BCE $22B	$5.59M	1.04%	123,132 -809
38	38 Valmont Industries VMI $8.24B	$5.57M	1.04%	36,630 +1,556
39	39 Autoliv ALV $8.92B	$5.22M	0.98%	68,016 +1,931
40	40 PepsiCo PEP $205B	$5.13M	0.96%	57,374 -5,283
41	41 SAP SAP $315B	$5.03M	0.94%	65,325 +180
42	42 3M MMM $88.6B	$4.99M	0.93%	41,630 -330
43	PX 43 DELISTED Praxair Inc PX	$4.98M	0.93%	37,465 -152
44	44 NextEra Energy NEE $172B	$4.97M	0.93%	194,164 -3,812
45	45 Merck MRK $217B	$4.77M	0.89%	86,341 -2,184
46	46 American Water Works AWK $26.3B	$4.72M	0.88%	95,481 -3,084
47	47 Alphabet (Google) Class C GOOG $3.25T	$4.71M	0.88%	162,846 -10,642
48	ABB 48 DELISTED ABB Ltd ABB	$4.7M	0.88%	204,232 -6,621
49	49 Novartis NVS $239B	$4.65M	0.87%	57,263 -971
50	50 JPMorgan Chase JPM $831B	$4.62M	0.86%	80,232 -2,084