0001123778-19-000003.txt : 20190201 0001123778-19-000003.hdr.sgml : 20190201 20190201152558 ACCESSION NUMBER: 0001123778-19-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190201 DATE AS OF CHANGE: 20190201 EFFECTIVENESS DATE: 20190201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Jarislowsky, Fraser Ltd CENTRAL INDEX KEY: 0001123778 IRS NUMBER: 000000000 STATE OF INCORPORATION: A8 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06075 FILM NUMBER: 19559624 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 12-31-2018 12-31-2018 Jarislowsky, Fraser Ltd

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

13F HOLDINGS REPORT 028-06075 N Maxime Menard 514-842-2727 (s) Maxime Menard Montreal A8 02-01-2019 1 214 14537719 false 1 0000009631 028-11475 BANK OF NOVA SCOTIA INFORMATION TABLE 2 Q4201813F.xml ABB Limited ADR ADR 000375204 2025 106568 SH SOLE 106568 0 0 Aflac Incorporated Common Stock 001055102 4171 91560 SH SOLE 91560 0 0 Abbott Laboratories Common Stock 002824100 162634 2248502 SH SOLE 2216137 32365 0 Air Products & Chemicals Inc. Common Stock 009158106 901 5630 SH SOLE 5630 0 0 Algonquin Power & Utilities Corp. Common Stock 015857105 280 27945 SH SOLE 27945 0 0 Allstate Corporation Common Stock 020002101 6340 76734 SH SOLE 76734 0 0 Amazon.Com Inc Common Stock 023135106 408 272 SH SOLE 272 0 0 American Electric Power Company Common Stock 025537101 390 5220 SH SOLE 5220 0 0 American Express Company Common Stock 025816109 411 4321 SH SOLE 4321 0 0 Apple Inc. Common Stock 037833100 2870 18197 SH SOLE 18197 0 0 Applied Materials Inc. Common Stock 038222105 527 16100 SH SOLE 16100 0 0 Automatic Data Processing Inc. Common Stock 053015103 28524 217547 SH SOLE 216947 600 0 BB&T Corporation Common Stock 054937107 37893 874744 SH SOLE 842139 32605 0 Banco Bradesco ADR ADR 059460303 2406 243374 SH SOLE 243374 0 0 Bank of America Corporation Common Stock 060505104 615 24995 SH SOLE 24995 0 0 Bank of Hawaii Corporation Common Stock 062540109 999 14851 SH SOLE 14851 0 0 Bank of Montreal Common Stock 063671101 13538 207325 SH SOLE 207325 0 0 Bank of New York Mellon Corp Common Stock 064058100 3079 65432 SH SOLE 65432 0 0 Bank of Nova Scotia Common Stock 064149107 776833 15591460 SH SOLE 12662035 2929425 0 Baxter International Inc. Common Stock 071813109 446 6778 SH SOLE 6778 0 0 Becton Dickinson and Company Common Stock 075887109 160648 712981 SH SOLE 662186 50795 0 Bemis Company Common Stock 081437105 671 14630 SH SOLE 4465 10165 0 Berkshire Hathaway Inc - A Common Stock 084670108 306 1 SH SOLE 1 0 0 Berkshire Hathaway Inc - B Common Stock 084670702 123390 604323 SH SOLE 584758 19565 0 BHP Billiton LTD-SPON ADR ADR 088606108 456 9463 SH SOLE 9463 0 0 Boeing Company Common Stock 097023105 326 1013 SH SOLE 1013 0 0 Borgwarner Inc Common Stock 099724106 253 7291 SH SOLE 7291 0 0 Bristol-Myers Squibb Company Common Stock 110122108 34348 660793 SH SOLE 530208 130585 0 British American Tobacco ADR ADR 110448107 254 8000 SH SOLE 8000 0 0 Brookfield Asset Mgt - A Common Stock 112585104 401395 10478325 SH SOLE 8228850 2249475 0 Brown-Forman Corp - A Common Stock 115637100 2531 53382 SH SOLE 53382 0 0 Brown-Forman Corp - B Common Stock 115637209 4022 84538 SH SOLE 84538 0 0 CAE Inc. Common Stock 124765108 216522 11786637 SH SOLE 9379217 2407420 0 Cigna Corp. Common Stock 125523100 318 1678 SH SOLE 1678 0 0 CVS Health Corporation Common Stock 126650100 110283 1683209 SH SOLE 1648184 35025 0 Canadian Imperial Bank of Commerce Common Stock 136069101 2031 27283 SH SOLE 27283 0 0 Canadian National Railway Company Common Stock 136375102 781855 10561340 SH SOLE 8721878 1839462 0 Canadian Natural Resources Limited Common Stock 136385101 457756 18980095 SH SOLE 15355301 3624794 0 Chevron Corporation Common Stock 166764100 40271 370181 SH SOLE 369651 530 0 Clorox Company Common Stock 189054109 917 5950 SH SOLE 5950 0 0 Coca-Cola Company Common Stock 191216100 11027 232888 SH SOLE 232888 0 0 Cognizant Technology Solutions Corp Common Stock 192446102 34827 548637 SH SOLE 519757 28880 0 Colgate-Palmolive Company Common Stock 194162103 115934 1947818 SH SOLE 1916493 31325 0 Colliers International Group Inc Common Stock 194693107 1394 25305 SH SOLE 25305 0 0 Consolidated Edison Inc. Common Stock 209115104 225 2950 SH SOLE 2950 0 0 Cooper Cos Inc/the Common Stock 216648402 1865 7330 SH SOLE 7330 0 0 Descartes Systems Group Inc Common Stock 249906108 107928 4091276 SH SOLE 3535401 555875 0 Walt Disney Company Common Stock 254687106 907 8279 SH SOLE 8279 0 0 Discover Financial Services Common Stock 254709108 1587 26911 SH SOLE 26911 0 0 Dollar Tree Inc Common Stock 256746108 60656 671569 SH SOLE 648116 23453 0 Edison International Common Stock 281020107 317 5600 SH SOLE 5600 0 0 Emerson Electric Co. Common Stock 291011104 23099 386610 SH SOLE 385310 1300 0 EnCana Corporation Common Stock 292505104 253 43944 SH SOLE 43944 0 0 First Horizon National Corporation Common Stock 320517105 773 58770 SH SOLE 58770 0 0 Fiserv Inc. Common Stock 337738108 120409 1638451 SH SOLE 1607211 31240 0 Fomento Econ.Mexicano SAB de CV ADR ADR 344419106 4157 48311 SH SOLE 48311 0 0 Fortis Inc. Common Stock 349553107 3040 91235 SH SOLE 91235 0 0 Fresenius Medical Care AG&Co KGAa ADR ADR 358029106 9391 289936 SH SOLE 289936 0 0 General Electric Company Common Stock 369604103 4361 576140 SH SOLE 553864 22276 0 General Mills Inc. Common Stock 370334104 337 8678 SH SOLE 8678 0 0 Gildan Activewear Inc. Common Stock 375916103 409668 13502061 SH SOLE 10977181 2524880 0 HSBC Holdings Sponsored ADR ADR 404280406 6814 165761 SH SOLE 165761 0 0 Halliburton Company Common Stock 406216101 471 17730 SH SOLE 17670 60 0 Hartford Financial Services Grp Inc. Common Stock 416515104 4384 98635 SH SOLE 98635 0 0 Home Depot Inc. Common Stock 437076102 25375 147685 SH SOLE 140745 6940 0 Honeywell International Inc. Common Stock 438516106 1316 9966 SH SOLE 9966 0 0 Illinois Tool Works Inc. Common Stock 452308109 239 1892 SH SOLE 1892 0 0 Imperial Oil Limited Common Stock 453038408 10449 412598 SH SOLE 410298 2300 0 ING Groep N.V. ADR ADR 456837103 2586 242645 SH SOLE 242645 0 0 Intel Corporation Common Stock 458140100 1352 28813 SH SOLE 28813 0 0 International Business Machines Corp Common Stock 459200101 4206 37009 SH SOLE 37009 0 0 International Flavors & Fragrances Common Stock 459506101 14644 109066 SH SOLE 109066 0 0 iShares S&P 500 ETF ETP 464287200 1283 5100 SH SOLE 5100 0 0 iShares MSCI Emerging Market ETP 464287234 351 9000 SH SOLE 9000 0 0 iShares MSCI EAFE Index Fund ETP 464287465 1752 29810 SH SOLE 29810 0 0 Johnson & Johnson Common Stock 478160104 186698 1446712 SH SOLE 1430132 16580 0 Kellogg Company Common Stock 487836108 738 12950 SH SOLE 12950 0 0 Kimberly-Clark Corporation Common Stock 494368103 18757 164627 SH SOLE 164127 500 0 Kraft Heinz Company Common Stock 500754106 5912 137377 SH SOLE 137377 0 0 Eli Lilly & Company Common Stock 532457108 11785 101846 SH SOLE 101846 0 0 Lowe's Companies Inc. Common Stock 548661107 426 4622 SH SOLE 4622 0 0 Magna International Inc - A Common Stock 559222401 720 15874 SH SOLE 15874 0 0 Marsh & McLennan Companies Inc. Common Stock 571748102 205 2575 SH SOLE 2575 0 0 McCormick & Company Incorporated Common Stock 579780206 730 5245 SH SOLE 5245 0 0 McDonald's Corporation Common Stock 580135101 7526 42387 SH SOLE 42387 0 0 Microsoft Corporation Common Stock 594918104 235676 2320339 SH SOLE 2147215 173124 0 Mitsubishi UFJ Financial Group ADR ADR 606822104 2036 418214 SH SOLE 418214 0 0 Mondelez International Inc. Common Stock 609207105 62250 1555088 SH SOLE 1503663 51425 0 Moody's Corporation Common Stock 615369105 245 1750 SH SOLE 1750 0 0 National Grid Plc ADR ADR 636274409 5950 124014 SH SOLE 124014 0 0 New Oriental Education & Technology Inc ADR 647581107 1023 18667 SH SOLE 18667 0 0 NIKE Inc - B Common Stock 654106103 12925 174338 SH SOLE 174338 0 0 Noble Energy Common Stock 655044105 19448 1036717 SH SOLE 996812 39905 0 Novo Nordisk A/S Sponsored ADR ADR 670100205 6418 139313 SH SOLE 139313 0 0 Open Text Corporation Common Stock 683715106 527439 16188224 SH SOLE 13354486 2833738 0 Parker Hannifin Corporation Common Stock 701094104 1497 10042 SH SOLE 10042 0 0 Pembina Pipeline Corporation Common Stock 706327103 357860 12065328 SH SOLE 9795292 2270036 0 PepsiCo Inc. Common Stock 713448108 164341 1487523 SH SOLE 1424910 62613 0 Pfizer Inc. Common Stock 717081103 47015 1077097 SH SOLE 1057216 19881 0 Philip Morris International Inc. Common Stock 718172109 11825 177132 SH SOLE 176632 500 0 Procter & Gamble Company Common Stock 742718109 113930 1239450 SH SOLE 1235838 3612 0 Public Service Enterprises Group Common Stock 744573106 2997 57593 SH SOLE 57593 0 0 Relx Plc ADR ADR 759530108 22124 1078177 SH SOLE 1078177 0 0 Rogers Communications Inc - B Common Stock 775109200 7610 148574 SH SOLE 148574 0 0 Ross Stores Inc. Common Stock 778296103 694 8350 SH SOLE 8350 0 0 Royal Bank of Canada Common Stock 780087102 814994 11912666 SH SOLE 9976747 1935919 0 Royal Dutch Shell Plc ADR - B ADR 780259107 742 12384 SH SOLE 12384 0 0 Royal Dutch Shell Plc ADR - A ADR 780259206 42058 721788 SH SOLE 720088 1700 0 SAP AG ADR ADR 803054204 34367 345227 SH SOLE 345227 0 0 Schlumberger Limited Common Stock 806857108 19260 533822 SH SOLE 512307 21515 0 Sempra Energy Common Stock 816851109 230 2130 SH SOLE 2130 0 0 Spirit AeroSystems Holdings Inc. Common Stock 848574109 583 8100 SH SOLE 8100 0 0 Stanley Black & Decker Inc. Common Stock 854502101 233 1950 SH SOLE 1950 0 0 Stryker Corporation Common Stock 863667101 1169 7460 SH SOLE 7460 0 0 Sun Life Financial Inc. Common Stock 866796105 10055 303232 SH SOLE 299232 4000 0 Suncor Energy Inc. Common Stock 867224107 44626 1598442 SH SOLE 1590842 7600 0 TJX Companies Inc. Common Stock 872540109 59578 1331656 SH SOLE 1300736 30920 0 Taiwan Semiconductor Manufactng ADR ADR 874039100 5702 154484 SH SOLE 154484 0 0 Texas Instruments Incorporated Common Stock 882508104 256 2715 SH SOLE 2715 0 0 Thomson Reuters Corp. Common Stock 884903709 437799 9069405 SH SOLE 7376793 1692612 0 Toronto-Dominion Bank Common Stock 891160509 1063598 21406763 SH SOLE 17536737 3870026 0 Toyota Motor Corp. Sponsored ADR ADR 892331307 1999 17225 SH SOLE 17225 0 0 US Bancorp Common Stock 902973304 76841 1681437 SH SOLE 1645442 35995 0 Unilever Plc ADR ADR 904767704 755 14453 SH SOLE 14453 0 0 Unilever NV NY NY Reg Shrs 904784709 30691 570465 SH SOLE 570465 0 0 Vanguard Global ex-U.S. Real Estate ETF ETP 922042676 554 10588 SH SOLE 10588 0 0 Vanguard Small-Cap Value ETF ETP 922908611 384 3370 SH SOLE 3370 0 0 Vermilion Energy Inc. Common Stock 923725105 123323 5856573 SH SOLE 4635487 1221086 0 Wal-Mart Stores Inc. Common Stock 931142103 2297 24669 SH SOLE 24569 100 0 Walgreens Boots Alliance Common Stock 931427108 139073 2035315 SH SOLE 1957015 78300 0 Wells Fargo & Company Common Stock 949746101 131895 2862314 SH SOLE 2819513 42801 0 Target Corporation Common Stock 87612E106 493 7465 SH SOLE 7465 0 0 Total SA ADR ADR 89151E109 11630 222887 SH SOLE 222887 0 0 Travelers Companies Inc. Common Stock 89417E109 2212 18475 SH SOLE 18475 0 0 AT&T Inc. Common Stock 00206R102 959 33610 SH SOLE 33610 0 0 Abbvie Inc Common Stock 00287Y109 22610 245265 SH SOLE 245265 0 0 Alibaba Group Holding-SP ADR ADR 01609W102 23194 169220 SH SOLE 169220 0 0 Alphabet Inc - C Common Stock 02079K107 116931 112911 SH SOLE 110578 2333 0 Alphabet Inc - A Common Stock 02079K305 93507 89484 SH SOLE 86709 2775 0 Altria Group Inc. Common Stock 02209S103 16706 338257 SH SOLE 338257 0 0 Ambev SA ADR ADR 02319V103 1068 272547 SH SOLE 272547 0 0 Anheuser-Busch Inbev NV ADR ADR 03524A108 44698 679198 SH SOLE 679198 0 0 BCE Inc. Common Stock 05534B760 16704 423038 SH SOLE 419038 4000 0 Banco Santander SA ADR ADR 05964H105 3095 691032 SH SOLE 691032 0 0 Berry Global Group Inc Common Stock 08579W103 32729 688598 SH SOLE 651418 37180 0 Booking Holdings Inc Common Stock 09857L108 43790 25424 SH SOLE 24311 1113 0 Brighthouse Financial Inc Common Stock 10922N103 259 8505 SH SOLE 8505 0 0 Cameco Corporation Common Stock 13321L108 3253 287085 SH SOLE 287085 0 0 Canadian Pacific Railway Limited Common Stock 13645T100 1149 6483 SH SOLE 6483 0 0 Cardinal Health Inc. Common Stock 14149Y108 4277 95900 SH SOLE 95900 0 0 Cenovus Energy Inc. Common Stock 15135U109 1262 179659 SH SOLE 179659 0 0 Cisco Systems Inc. Common Stock 17275R102 2201 50808 SH SOLE 50808 0 0 Comcast Corp - A Common Stock 20030N101 120334 3534048 SH SOLE 3460118 73930 0 ConocoPhillips Common Stock 20825C104 400 6428 SH SOLE 6428 0 0 Costco Wholesale Corporation Common Stock 22160K105 42124 206789 SH SOLE 201789 5000 0 Crescent Point Energy Corp. Common Stock 22576C101 104 34390 SH SOLE 34390 0 0 Ctrip.com International Ltd ADR 22943F100 1607 59403 SH SOLE 59403 0 0 Davita Inc. Common Stock 23918K108 94640 1839115 SH SOLE 1787350 51765 0 Diageo Plc ADR ADR 25243Q205 107221 756144 SH SOLE 754844 1300 0 Dominion Energy Common Stock 25746U109 14110 197466 SH SOLE 197466 0 0 DowDuPont Inc Common Stock 26078J100 10745 200919 SH SOLE 200919 0 0 Duke Energy Corporation Common Stock 26441C204 13772 159584 SH SOLE 159584 0 0 EOG Resources Inc. Common Stock 26875P101 64959 744863 SH SOLE 731268 13595 0 Enbridge Inc Common Stock 29250N105 764101 24607599 SH SOLE 20027523 4580076 0 Exxon Mobil Corporation Common Stock 30231G102 73698 1080785 SH SOLE 1079745 1040 0 GlaxoSmithKline plc ADR ADR 37733W105 7931 207573 SH SOLE 207573 0 0 CGI Group Inc. Common Stock 39945C109 479819 7848328 SH SOLE 6335305 1513023 0 HDFC Bank Ltd ADR ADR 40415F101 700 6764 SH SOLE 6764 0 0 Invesco S&P 500 Equal Weight Technology ETF ETP 46137V282 236 1676 SH SOLE 1676 0 0 Invesco S&P 500 Equal Weight Health Care ETF ETP 46137V332 658 3710 SH SOLE 3710 0 0 IQVIA Holdings Inc Common Stock 46266C105 94952 817355 SH SOLE 801171 16184 0 JPMorgan Chase & Co. Common Stock 46625H100 223022 2284601 SH SOLE 2102303 182298 0 M&T Bank Corporation Common Stock 55261F104 42504 296966 SH SOLE 287916 9050 0 Manulife Financial Corporation Common Stock 56501R106 531717 37491956 SH SOLE 30406069 7085887 0 Mastercard Inc - A Common Stock 57636Q104 95267 504995 SH SOLE 493260 11735 0 Merck & Co. Inc. Common Stock 58933Y105 9029 118170 SH SOLE 118170 0 0 MetLife Inc. Common Stock 59156R108 28776 700846 SH SOLE 697546 3300 0 Novartis AG ADR ADR 66987V109 37039 431641 SH SOLE 332981 98660 0 Nutrien Ltd Common Stock 67077M108 526943 11224244 SH SOLE 9020255 2203989 0 Oracle Corporation Common Stock 68389X105 147973 3277370 SH SOLE 2964760 312610 0 Quest Diagnostics Incorporated Common Stock 74834L100 1504 18072 SH SOLE 18072 0 0 Restaurant Brands International Inc. Common Stock 76131D103 370950 7103810 SH SOLE 5643570 1460240 0 SPDR S&P 500 ETF Trust ETP 78462F103 9074 36310 SH SOLE 36310 0 0 SPDR S&P Global Infrastructure ETF ETP 78463X855 572 12687 SH SOLE 12687 0 0 Salesforce.com Inc. Common Stock 79466L302 270 1972 SH SOLE 1972 0 0 Sanofi ADR ADR 80105N105 4548 104775 SH SOLE 104775 0 0 Financial Select Sector SPDR ETP 81369Y605 345 14489 SH SOLE 14489 0 0 Shaw Communications Inc - B Common Stock 82028K200 8594 475050 SH SOLE 475050 0 0 Smith & Nephew Plc ADR ADR 83175M205 11260 301255 SH SOLE 299755 1500 0 Stantec Inc Common Stock 85472N109 270944 12372317 SH SOLE 9994900 2377417 0 TELUS Corp Common Stock 87971M103 13026 393178 SH SOLE 393178 0 0 3M Company Common Stock 88579Y101 132241 694033 SH SOLE 685859 8174 0 TransCanada Corporation Common Stock 89353D107 37441 1048963 SH SOLE 1046463 2500 0 Ultrapar Particpac-Spon ADR ADR 90400P101 1041 76951 SH SOLE 76951 0 0 UnitedHealth Group Incorporated Common Stock 91324P102 133855 537314 SH SOLE 525029 12285 0 VanEck Vectors Global Alternative Energry ETF ETP 92189F502 254 4660 SH SOLE 4660 0 0 Verizon Communications Inc. Common Stock 92343V104 999 17785 SH SOLE 17785 0 0 Verisk Analytics Inc - A Common Stock 92345Y106 142446 1306369 SH SOLE 1277584 28785 0 Visa Inc - A Common Stock 92826C839 3640 27591 SH SOLE 27591 0 0 Vodafone Group Plc-Sponsored ADR ADR 92857W308 18148 941319 SH SOLE 941319 0 0 Waste Connections Inc. Common Stock 94106B101 269 3629 SH SOLE 3629 0 0 Wisdomtree Japan Hedged Equity Fund ETF ETP 97717W851 475 10255 SH SOLE 10255 0 0 WisdomTree Europe Hedged Equity Fund ETP 97717X701 314 5567 SH SOLE 5567 0 0 Xcel Energy Inc. Common Stock 98389B100 7883 159998 SH SOLE 159998 0 0 Zimmer Biomet Holdings Inc Common Stock 98956P102 13256 127815 SH SOLE 126615 1200 0 Zoetis Inc. Common Stock 98978V103 14388 168213 SH SOLE 168213 0 0 Accenture Plc Common Stock G1151C101 2734 19395 SH SOLE 19395 0 0 Brookfield Infrastructure Partners LP Ltd Part G16252101 481 13947 SH SOLE 13947 0 0 Brookfield Renewable Energy Partners MLP G16258108 260 10063 SH SOLE 10063 0 0 Credicorp Ltd ADR Common Stock G2519Y108 2928 13211 SH SOLE 13211 0 0 Medtronic Inc. Plc Common Stock G5960L103 34216 376172 SH SOLE 361577 14595 0 Nielsen Holdings Plc Common Stock G6518L108 67756 2904278 SH SOLE 2367393 536885 0 Chubb Limited Common Stock H1467J104 490 3795 SH SOLE 3795 0 0 ASML Holding NV-NY Reg Shs NY Reg Shrs N07059210 2927 18812 SH SOLE 18812 0 0