0001123778-18-000010.txt : 20180514 0001123778-18-000010.hdr.sgml : 20180514 20180514114114 ACCESSION NUMBER: 0001123778-18-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180331 FILED AS OF DATE: 20180514 DATE AS OF CHANGE: 20180514 EFFECTIVENESS DATE: 20180514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Jarislowsky, Fraser Ltd CENTRAL INDEX KEY: 0001123778 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06075 FILM NUMBER: 18829329 BUSINESS ADDRESS: STREET 1: 1010 SHERBROOKE STREET WEST STREET 2: 20TH FLOOR CITY: MONTREAL STATE: A8 ZIP: H3A 2R7 BUSINESS PHONE: 5148422727 MAIL ADDRESS: STREET 1: 1010 SHERBROOKE STREET WEST STREET 2: 20TH FLOOR CITY: MONTREAL STATE: A8 ZIP: H3A 2R7 FORMER COMPANY: FORMER CONFORMED NAME: JARISLOWSKY , FRASER Ltd DATE OF NAME CHANGE: 20090415 FORMER COMPANY: FORMER CONFORMED NAME: JARISLOWSKY FRASER LTD DATE OF NAME CHANGE: 20000925 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001123778 XXXXXXXX 03-31-2018 03-31-2018 Jarislowsky, Fraser Ltd

1010 SHERBROOKE STREET WEST 20TH FLOOR MONTREAL A8 H3A 2R7

13F HOLDINGS REPORT 028-06075 N Erin O'Brien 514-842-2727 (s) Erin O'Brien Montreal A8 05-14-2018 0 217 16050160 false INFORMATION TABLE 2 Q1201813F.xml 3M Company Common Stock 88579Y101 154059 701802 SH SOLE 694885 6917 0 ABB Limited ADR ADR 000375204 3685 155251 SH SOLE 155251 0 0 Abbott Laboratories Common Stock 002824100 142775 2382775 SH SOLE 2354855 27920 0 Abbvie Inc Common Stock 00287Y109 24211 255802 SH SOLE 255802 0 0 Accenture Plc Common Stock G1151C101 2446 15935 SH SOLE 15935 0 0 Aflac Incorporated Common Stock 001055102 4347 99360 SH SOLE 99360 0 0 Air Products & Chemicals Inc. Common Stock 009158106 900 5665 SH SOLE 5665 0 0 Algonquin Power & Utilities Corp. Common Stock 015857105 168 16968 SH SOLE 16968 0 0 Alibaba Group Holding-SP ADR ADR 01609W102 5147 28043 SH SOLE 28043 0 0 Allergan Plc Common Stock G0177J108 225 1337 SH SOLE 1337 0 0 Allstate Corporation Common Stock 020002101 7769 81959 SH SOLE 81959 0 0 Alphabet Inc - A Common Stock 02079K305 99946 96367 SH SOLE 93637 2730 0 Alphabet Inc - C Common Stock 02079K107 126963 123052 SH SOLE 120649 2403 0 Altria Group Inc. Common Stock 02209S103 30028 481849 SH SOLE 481849 0 0 Amazon.Com Inc Common Stock 023135106 356 246 SH SOLE 246 0 0 Ambev SA ADR ADR 02319V103 1164 160158 SH SOLE 160158 0 0 American Electric Power Company Common Stock 025537101 322 4700 SH SOLE 4700 0 0 American Express Company Common Stock 025816109 595 6385 SH SOLE 6385 0 0 Anheuser-Busch Inbev NV ADR ADR 03524A108 61341 557955 SH SOLE 557955 0 0 Apple Inc. Common Stock 037833100 3632 21650 SH SOLE 21650 0 0 Applied Materials Inc. Common Stock 038222105 889 16000 SH SOLE 16000 0 0 Arconic Inc. Common Stock 03965L100 233 10132 SH SOLE 10132 0 0 ASML Holding NV-NY Reg Shs NY Reg Shrs N07059210 4534 22836 SH SOLE 22836 0 0 AT&T Inc. Common Stock 00206R102 1272 35697 SH SOLE 35697 0 0 Automatic Data Processing Inc. Common Stock 053015103 26526 233752 SH SOLE 233152 600 0 Banco Bradesco ADR ADR 059460303 1491 125551 SH SOLE 125551 0 0 Banco Santander SA ADR ADR 05964H105 5018 766245 SH SOLE 766245 0 0 Bank of America Corporation Common Stock 060505104 1314 43815 SH SOLE 43815 0 0 Bank of Hawaii Corporation Common Stock 062540109 1267 15251 SH SOLE 15251 0 0 Bank of Montreal Common Stock 063671101 16623 220214 SH SOLE 220214 0 0 Bank of New York Mellon Corp Common Stock 064058100 3764 73054 SH SOLE 73054 0 0 Bank of Nova Scotia Common Stock 064149107 1018023 16538380 SH SOLE 13118925 3419455 0 Baxter International Inc. Common Stock 071813109 442 6797 SH SOLE 6797 0 0 BB&T Corporation Common Stock 054937107 44127 847955 SH SOLE 815905 32050 0 BCE Inc. Common Stock 05534B760 19639 456721 SH SOLE 452721 4000 0 Becton Dickinson and Company Common Stock 075887109 176336 813736 SH SOLE 747086 66650 0 Bemis Company Common Stock 081437105 986 22663 SH SOLE 12748 9915 0 Berkshire Hathaway Inc - A Common Stock 084670108 299 1 SH SOLE 1 0 0 Berkshire Hathaway Inc - B Common Stock 084670702 131332 658373 SH SOLE 639138 19235 0 BHP Billiton Limited ADR ADR 088606108 590 13289 SH SOLE 13289 0 0 Boeing Company Common Stock 097023105 435 1328 SH SOLE 1328 0 0 Booking Holdings Inc Common Stock 09857L108 38930 18713 SH SOLE 18071 642 0 Borgwarner Inc Common Stock 099724106 558 11126 SH SOLE 11126 0 0 Brighthouse Financial Inc Common Stock 10922N103 1396 27169 SH SOLE 27169 0 0 Bristol-Myers Squibb Company Common Stock 110122108 50423 797202 SH SOLE 773167 24035 0 British American Tobacco ADR ADR 110448107 575 9975 SH SOLE 9975 0 0 Brookfield Asset Mgt - A Common Stock 112585104 2986 76675 SH SOLE 76675 0 0 Brookfield Infrastructure PA Ltd Part G16252101 617 14859 SH SOLE 14859 0 0 Brookfield Renewable Energy Partners MLP G16258108 325 10479 SH SOLE 10479 0 0 Brown-Forman Corp - A Common Stock 115637100 5470 102582 SH SOLE 102582 0 0 Brown-Forman Corp - B Common Stock 115637209 5899 108451 SH SOLE 108451 0 0 CA Inc. Common Stock 12673P105 87498 2581084 SH SOLE 2171129 409955 0 CAE Inc. Common Stock 124765108 228968 12310145 SH SOLE 9669150 2640995 0 Cameco Corporation Common Stock 13321L108 5491 604638 SH SOLE 604638 0 0 Canadian Imperial Bank of Commerce Common Stock 136069101 2656 30114 SH SOLE 30114 0 0 Canadian National Railway Company Common Stock 136375102 734772 10060582 SH SOLE 8259080 1801502 0 Canadian Natural Resources Limited Common Stock 136385101 660139 21014423 SH SOLE 16638424 4375999 0 Canadian Pacific Railway Limited Common Stock 13645T100 1150 6526 SH SOLE 6526 0 0 Canon Inc. ADR ADR 138006309 218 6000 SH SOLE 6000 0 0 Capital One Financial Corporation Common Stock 14040H105 2311 24122 SH SOLE 24122 0 0 Cardinal Health Inc. Common Stock 14149Y108 8439 134652 SH SOLE 134652 0 0 Cenovus Energy Inc. Common Stock 15135U109 4982 585603 SH SOLE 585603 0 0 CGI Group Inc. Common Stock 39945C109 475081 8243594 SH SOLE 6478601 1764993 0 Chevron Corporation Common Stock 166764100 51018 447373 SH SOLE 446343 1030 0 Cisco Systems Inc. Common Stock 17275R102 2473 57663 SH SOLE 57663 0 0 Clorox Company Common Stock 189054109 792 5950 SH SOLE 5950 0 0 Coca-Cola Company Common Stock 191216100 10318 237593 SH SOLE 237593 0 0 Cognizant Technology Solutions Corp Common Stock 192446102 32535 404163 SH SOLE 386993 17170 0 Colgate-Palmolive Company Common Stock 194162103 152059 2121364 SH SOLE 2090539 30825 0 Colliers International Group Inc Common Stock 194693107 2011 29000 SH SOLE 29000 0 0 Comcast Corp - A Common Stock 20030N101 145020 4244089 SH SOLE 4163279 80810 0 ConocoPhillips Common Stock 20825C104 610 10298 SH SOLE 10298 0 0 Consolidated Edison Inc. Common Stock 209115104 296 3800 SH SOLE 3800 0 0 Cooper Cos Inc/the Common Stock 216648402 1722 7530 SH SOLE 7530 0 0 Costco Wholesale Corporation Common Stock 22160K105 49961 265146 SH SOLE 260231 4915 0 Credicorp Ltd ADR Common Stock G2519Y108 3108 13692 SH SOLE 13692 0 0 Crescent Point Energy Corp. Common Stock 22576C101 86240 12692453 SH SOLE 9434943 3257510 0 Ctrip.com International Ltd ADR 22943F100 1535 32937 SH SOLE 32937 0 0 CVS Health Corporation Common Stock 126650100 106193 1707013 SH SOLE 1672553 34460 0 Davita Inc. Common Stock 23918K108 113492 1721150 SH SOLE 1688200 32950 0 Descartes Systems Group Inc Common Stock 249906108 118883 4162681 SH SOLE 3512461 650220 0 Diageo Plc ADR ADR 25243Q205 107214 791720 SH SOLE 790420 1300 0 Discover Financial Services Common Stock 254709108 2201 30608 SH SOLE 30608 0 0 Dollar Tree Inc Common Stock 256746108 36963 389495 SH SOLE 375720 13775 0 Dominion Energy Common Stock 25746U109 14311 212244 SH SOLE 212244 0 0 DowDuPont Inc Common Stock 26078J100 13840 217243 SH SOLE 217243 0 0 Duke Energy Corporation Common Stock 26441C204 14288 184434 SH SOLE 184434 0 0 Edison International Common Stock 281020107 394 6200 SH SOLE 6200 0 0 Eli Lilly & Company Common Stock 532457108 7971 103031 SH SOLE 103031 0 0 Emerson Electric Co. Common Stock 291011104 30128 441115 SH SOLE 439815 1300 0 Enbridge Inc Common Stock 29250N105 766096 24375306 SH SOLE 19274345 5100961 0 EnCana Corporation Common Stock 292505104 643 58508 SH SOLE 58508 0 0 EOG Resources Inc. Common Stock 26875P101 88293 838732 SH SOLE 825362 13370 0 Express Scripts Inc. Common Stock 30219G108 537 7782 SH SOLE 7782 0 0 Exxon Mobil Corporation Common Stock 30231G102 99012 1327072 SH SOLE 1326032 1040 0 Facebook Inc. Common Stock 30303M102 285 1784 SH SOLE 1784 0 0 First Horizon National Corporation Common Stock 320517105 1643 87298 SH SOLE 87298 0 0 Fiserv Inc. Common Stock 337738108 129993 1822931 SH SOLE 1791941 30990 0 Fomento Econ.Mexicano SAB de CV ADR ADR 344419106 31305 342395 SH SOLE 342395 0 0 Fortis Inc. Common Stock 349553107 2243 66504 SH SOLE 66504 0 0 Franco Nevada Corporation Common Stock 351858105 204 3002 SH SOLE 3002 0 0 Fresenius Medical Care AG&Co KGAa ADR ADR 358029106 15420 301892 SH SOLE 301892 0 0 General Electric Company Common Stock 369604103 54319 4029665 SH SOLE 3728214 301451 0 General Mills Inc. Common Stock 370334104 414 9209 SH SOLE 9209 0 0 Gildan Activewear Inc. Common Stock 375916103 413413 14323923 SH SOLE 11377403 2946520 0 GlaxoSmithKline plc ADR ADR 37733W105 11862 303633 SH SOLE 303633 0 0 Goldcorp Inc. Common Stock 380956409 199 14460 SH SOLE 14460 0 0 Goldman Sachs Group Inc. Common Stock 38141G104 222 883 SH SOLE 883 0 0 Halliburton Company Common Stock 406216101 910 19392 SH SOLE 19332 60 0 Hartford Financial Services Grp Inc. Common Stock 416515104 5598 108658 SH SOLE 108658 0 0 HDFC Bank Ltd ADR ADR 40415F101 455 4616 SH SOLE 4616 0 0 Home Depot Inc. Common Stock 437076102 26367 147932 SH SOLE 141112 6820 0 Honeywell International Inc. Common Stock 438516106 1959 13558 SH SOLE 13558 0 0 HSBC Holdings Sponsored ADR ADR 404280406 14253 299007 SH SOLE 299007 0 0 Illinois Tool Works Inc. Common Stock 452308109 374 2392 SH SOLE 2392 0 0 Imperial Oil Limited Common Stock 453038408 13119 495722 SH SOLE 493422 2300 0 ING Groep N.V. ADR ADR 456837103 3579 211442 SH SOLE 211442 0 0 Ingersoll-Rand Plc Common Stock G47791101 234 2737 SH SOLE 2737 0 0 Intel Corporation Common Stock 458140100 1837 35285 SH SOLE 35285 0 0 International Business Machines Corp Common Stock 459200101 8361 54497 SH SOLE 54497 0 0 International Flavors & Fragrances Common Stock 459506101 15268 111521 SH SOLE 111521 0 0 IQVIA Holdings Inc Common Stock 46266C105 84609 862392 SH SOLE 846468 15924 0 Ishares Silver Trust ETP 46428Q109 261 17000 SH SOLE 17000 0 0 Johnson & Johnson Common Stock 478160104 195774 1527700 SH SOLE 1511050 16650 0 JPMorgan Chase & Co. Common Stock 46625H100 286746 2607497 SH SOLE 2364709 242788 0 Kellogg Company Common Stock 487836108 1114 17148 SH SOLE 17148 0 0 Kimberly-Clark Corporation Common Stock 494368103 22408 203474 SH SOLE 202974 500 0 Kraft Heinz Company Common Stock 500754106 10025 160954 SH SOLE 160954 0 0 LifePoint Health Inc Common Stock 53219L109 3214 68388 SH SOLE 68388 0 0 Lincoln National Corporation Common Stock 534187109 876 12000 SH SOLE 12000 0 0 Lowe's Companies Inc. Common Stock 548661107 469 5355 SH SOLE 5355 0 0 M&T Bank Corporation Common Stock 55261F104 56742 307780 SH SOLE 298885 8895 0 Magna International Inc - A Common Stock 559222401 204 3640 SH SOLE 3640 0 0 Manulife Financial Corporation Common Stock 56501R106 628849 33893947 SH SOLE 26837908 7056039 0 Mastercard Inc - A Common Stock 57636Q104 92054 525547 SH SOLE 514482 11065 0 McCormick & Company Incorporated Common Stock 579780206 656 6170 SH SOLE 6170 0 0 McDonald's Corporation Common Stock 580135101 7304 46710 SH SOLE 46710 0 0 Medtronic Inc. Plc Common Stock G5960L103 30500 380215 SH SOLE 365870 14345 0 Merck & Co. Inc. Common Stock 58933Y105 6492 119190 SH SOLE 119190 0 0 MetLife Inc. Common Stock 59156R108 43230 942054 SH SOLE 938754 3300 0 Microsoft Corporation Common Stock 594918104 240243 2632225 SH SOLE 2412696 219529 0 Mitsubishi UFJ Financial Group ADR ADR 606822104 2914 438996 SH SOLE 438996 0 0 Mondelez International Inc. Common Stock 609207105 52860 1266727 SH SOLE 1231757 34970 0 Moody's Corporation Common Stock 615369105 282 1750 SH SOLE 1750 0 0 National Grid Plc ADR ADR 636274409 8481 150295 SH SOLE 150295 0 0 Nielsen Holdings Plc Common Stock G6518L108 69492 2185981 SH SOLE 1953251 232730 0 NIKE Inc - B Common Stock 654106103 14026 211113 SH SOLE 211113 0 0 Noble Energy Common Stock 655044105 39659 1308898 SH SOLE 1269678 39220 0 Novartis AG ADR ADR 66987V109 35237 435840 SH SOLE 297640 138200 0 Novo Nordisk A/S Sponsored ADR ADR 670100205 6944 141013 SH SOLE 141013 0 0 Nutrien Ltd Common Stock 67077M108 539749 11428346 SH SOLE 8872222 2556124 0 Open Text Corporation Common Stock 683715106 590030 16972231 SH SOLE 13755888 3216343 0 Oracle Corporation Common Stock 68389X105 157402 3440484 SH SOLE 3071819 368665 0 Parker Hannifin Corporation Common Stock 701094104 3105 18156 SH SOLE 18156 0 0 Patterson Companies Inc. Common Stock 703395103 345 15547 SH SOLE 15547 0 0 Pembina Pipeline Corporation Common Stock 706327103 397661 12753351 SH SOLE 10031380 2721971 0 PepsiCo Inc. Common Stock 713448108 175004 1603343 SH SOLE 1523290 80053 0 Pfizer Inc. Common Stock 717081103 73128 2060543 SH SOLE 1820577 239966 0 Philip Morris International Inc. Common Stock 718172109 27401 275673 SH SOLE 275173 500 0 Phillips 66 Common Stock 718546104 239 2499 SH SOLE 2499 0 0 Procter & Gamble Company Common Stock 742718109 144543 1823208 SH SOLE 1802449 20759 0 Public Service Enterprises Group Common Stock 744573106 3111 61933 SH SOLE 61933 0 0 Quest Diagnostics Incorporated Common Stock 74834L100 2178 21722 SH SOLE 21722 0 0 RELX NV ADR ADR 75955B102 309 14905 SH SOLE 14905 0 0 Relx Plc ADR ADR 759530108 19364 926957 SH SOLE 926957 0 0 Rogers Communications Inc - B Common Stock 775109200 7779 174309 SH SOLE 174309 0 0 Ross Stores Inc. Common Stock 778296103 623 8000 SH SOLE 8000 0 0 Royal Bank of Canada Common Stock 780087102 1244379 16120534 SH SOLE 13047100 3073434 0 Royal Dutch Shell Plc ADR - A ADR 780259206 53696 841503 SH SOLE 839803 1700 0 Royal Dutch Shell Plc ADR - B ADR 780259107 821 12532 SH SOLE 12532 0 0 Sanofi ADR ADR 80105N105 5406 134883 SH SOLE 134883 0 0 SAP AG ADR ADR 803054204 36742 349395 SH SOLE 349395 0 0 Schlumberger Limited Common Stock 806857108 35859 553564 SH SOLE 532409 21155 0 Sempra Energy Common Stock 816851109 236 2130 SH SOLE 2130 0 0 Shaw Communications Inc - B Common Stock 82028K200 12662 657731 SH SOLE 657731 0 0 Silvercorp Metals Inc. Common Stock 82835P103 29 11000 SH SOLE 11000 0 0 Smith & Nephew Plc ADR ADR 83175M205 15576 408291 SH SOLE 406791 1500 0 SPDR S&P 500 ETF Trust ETP 78462F103 9616 36543 SH SOLE 36543 0 0 Stanley Black & Decker Inc. Common Stock 854502101 298 1950 SH SOLE 1950 0 0 Stantec Inc Common Stock 85472N109 266244 10797591 SH SOLE 8376169 2421422 0 Starbucks Corporation Common Stock 855244109 206 3575 SH SOLE 3575 0 0 Stryker Corporation Common Stock 863667101 1240 7711 SH SOLE 7711 0 0 Sun Life Financial Inc. Common Stock 866796105 12652 308307 SH SOLE 304307 4000 0 Suncor Energy Inc. Common Stock 867224107 59948 1737192 SH SOLE 1729592 7600 0 Taiwan Semiconductor Manufactng ADR ADR 874039100 6180 141237 SH SOLE 141237 0 0 Target Corporation Common Stock 87612E106 859 12384 SH SOLE 12384 0 0 Teck Resources Limited - B Common Stock 878742204 472 18349 SH SOLE 18349 0 0 TELUS Corp Common Stock 87971M103 15006 427653 SH SOLE 427653 0 0 Texas Instruments Incorporated Common Stock 882508104 302 2914 SH SOLE 2914 0 0 Thomson Reuters Corporation Common Stock 884903105 418125 10826813 SH SOLE 8694896 2131917 0 Time Warner Inc. Common Stock 887317303 341 3610 SH SOLE 3610 0 0 TJX Companies Inc. Common Stock 872540109 55956 686077 SH SOLE 670862 15215 0 Toronto-Dominion Bank Common Stock 891160509 1407302 24816899 SH SOLE 19901998 4914901 0 Total SA ADR ADR 89151E109 13171 228311 SH SOLE 228311 0 0 Toyota Motor Corp. Sponsored ADR ADR 892331307 3454 26501 SH SOLE 26501 0 0 TransCanada Corporation Common Stock 89353D107 46205 1118074 SH SOLE 1115574 2500 0 Travelers Companies Inc. Common Stock 89417E109 3990 28738 SH SOLE 28738 0 0 Ultrapar Particpac-Spon ADR ADR 90400P101 1590 73559 SH SOLE 73559 0 0 Unilever NV NY NY Reg Shrs 904784709 26748 474351 SH SOLE 474351 0 0 Unilever Plc ADR ADR 904767704 768 13830 SH SOLE 13830 0 0 United Parcel Services Inc. Common Stock 911312106 306 2932 SH SOLE 2932 0 0 United Technologies Corporation Common Stock 913017109 277 2204 SH SOLE 2204 0 0 UnitedHealth Group Incorporated Common Stock 91324P102 114268 533964 SH SOLE 522924 11040 0 US Bancorp Common Stock 902973304 91846 1818752 SH SOLE 1783337 35415 0 Verisk Analytics Inc - A Common Stock 92345Y106 151773 1459362 SH SOLE 1430452 28910 0 Verizon Communications Inc. Common Stock 92343V104 843 17635 SH SOLE 17635 0 0 Vermilion Energy Inc. Common Stock 923725105 200263 6215458 SH SOLE 4772107 1443351 0 Visa Inc - A Common Stock 92826C839 3238 27070 SH SOLE 27070 0 0 Vodafone Group Plc-Sponsored ADR ADR 92857W308 27959 1005003 SH SOLE 1005003 0 0 Walgreens Boots Alliance Common Stock 931427108 153951 2351482 SH SOLE 2248627 102855 0 Wal-Mart Stores Inc. Common Stock 931142103 2648 29773 SH SOLE 29673 100 0 Walt Disney Company Common Stock 254687106 1149 11448 SH SOLE 11448 0 0 WEC Energy Group Inc Common Stock 92939U106 213 3400 SH SOLE 3400 0 0 Wells Fargo & Company Common Stock 949746101 165935 3166097 SH SOLE 3123926 42171 0 Xcel Energy Inc. Common Stock 98389B100 7367 161998 SH SOLE 161998 0 0 Zimmer Biomet Holdings Inc Common Stock 98956P102 15090 138395 SH SOLE 137195 1200 0 Zoetis Inc. Common Stock 98978V103 15223 182295 SH SOLE 182295 0 0