AEX Index

AEX Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Aalberts (XL, NL)  Industrial Machinery
1. Aalberts (XL, NL)   Industrial Machinery	92		36		55		70
2. Gemalto (XL, NL) ☀  Application Software
2. Gemalto (XL, NL) ☀   Application Software	91		2		12		25
3. Delta Lloyd (XL, NL)  Life & Health Insurance
3. Delta Lloyd (XL, NL)   Life & Health Insurance	90		90		16		88
4. AEGON (XXL, NL)  Life & Health Insurance
4. AEGON (XXL, NL)   Life & Health Insurance	90		5		16		20
5. ArcelorMittal (XXL, LU)  Steel
5. ArcelorMittal (XXL, LU)   Steel	81		29		83		82
6. DSM (XL, NL) ☀  Specialty Chemicals
6. DSM (XL, NL) ☀   Specialty Chemicals	80		8		45		25
7. Ahold Delhaize (XXL, NL) ☀  Food Retail
7. Ahold Delhaize (XXL, NL) ☀   Food Retail	78		21		90		82
8. Heineken (XXL, NL) ☀  Brewers
8. Heineken (XXL, NL) ☀   Brewers	76		45		34		62
9. Randstad (XXL, NL)  HR- & Employment Services
9. Randstad (XXL, NL)   HR- & Employment Services	74		21		85		69
10. TNT Express (XL, NL)  Air Freight & Logistics
10. TNT Express (XL, NL)   Air Freight & Logistics	71		2		52		27

January 2, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

AEX Top 10: Growth Investment Strategy

TOP 10 Growth	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Delta Lloyd (XL, NL)   Life & Health Insurance
1. Delta Lloyd (XL, NL)   Life & Health Insurance	90		90		16		88
2. Boskalis (L, NL) ☀   Construction & Engineering
2. Boskalis (L, NL) ☀   Construction & Engineering	60		78		90		96
3. URW (XL, FR)   REITs: Retail
3. URW (XL, FR)   REITs: Retail	13		76		36		35
4. ASML (XXL, NL) ☀   Semiconductor Equipment
4. ASML (XXL, NL) ☀   Semiconductor Equipment	43		64		41		47
5. Shell (XXL, NL)   Oil & Gas Integrated
5. Shell (XXL, NL)   Oil & Gas Integrated	65		61		88		93
6. Oci (XL, NL)   Fertilizers & Agricultural Chemicals
6. Oci (XL, NL)   Fertilizers & Agricultural Chemicals	31		61		22		27

January 2, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

AEX Top 10: Safety Investment Strategy

TOP 10 Safety	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Boskalis (L, NL) ☀   Construction & Engineering
1. Boskalis (L, NL) ☀   Construction & Engineering	60		78		90		96
2. Ahold Delhaize (XXL, NL) ☀   Food Retail
2. Ahold Delhaize (XXL, NL) ☀   Food Retail	78		21		90		82
3. Shell (XXL, NL)   Oil & Gas Integrated
3. Shell (XXL, NL)   Oil & Gas Integrated	65		61		88		93
4. Akzo Nobel (XL, NL) ☀   Specialty Chemicals
4. Akzo Nobel (XL, NL) ☀   Specialty Chemicals	58		41		86		81
5. Randstad (XXL, NL)   HR- & Employment Services
5. Randstad (XXL, NL)   HR- & Employment Services	74		21		85		69
6. ArcelorMittal (XXL, LU)   Steel
6. ArcelorMittal (XXL, LU)   Steel	81		29		83		82
7. Philips (XXL, NL) ☀   Industrial Conglomerates
7. Philips (XXL, NL) ☀   Industrial Conglomerates	65		12		81		49
8. Unilever N.V. (XXL, NL) ☀   Personal Products
8. Unilever N.V. (XXL, NL) ☀   Personal Products	47		26		68		47
9. Aalberts (XL, NL)   Industrial Machinery
9. Aalberts (XL, NL)   Industrial Machinery	92		36		55		70
10. TNT Express (XL, NL)   Air Freight & Logistics
10. TNT Express (XL, NL)   Air Freight & Logistics	71		2		52		27

January 2, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

AEX Top 10: Combined Investment Strategy

TOP 10 Combined	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Boskalis (L, NL) ☀   Construction & Engineering
1. Boskalis (L, NL) ☀   Construction & Engineering	60		78		90		96
2. Shell (XXL, NL)   Oil & Gas Integrated
2. Shell (XXL, NL)   Oil & Gas Integrated	65		61		88		93
3. Delta Lloyd (XL, NL)   Life & Health Insurance
3. Delta Lloyd (XL, NL)   Life & Health Insurance	90		90		16		88
4. ArcelorMittal (XXL, LU)   Steel
4. ArcelorMittal (XXL, LU)   Steel	81		29		83		82
5. Ahold Delhaize (XXL, NL) ☀   Food Retail
5. Ahold Delhaize (XXL, NL) ☀   Food Retail	78		21		90		82
6. Akzo Nobel (XL, NL) ☀   Specialty Chemicals
6. Akzo Nobel (XL, NL) ☀   Specialty Chemicals	58		41		86		81
7. Aalberts (XL, NL)   Industrial Machinery
7. Aalberts (XL, NL)   Industrial Machinery	92		36		55		70
8. Randstad (XXL, NL)   HR- & Employment Services
8. Randstad (XXL, NL)   HR- & Employment Services	74		21		85		69
9. Heineken (XXL, NL) ☀   Brewers
9. Heineken (XXL, NL) ☀   Brewers	76		45		34		62

January 2, 2015. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely finance fact-based Obermatt Method for the investment strategies Value, Growth and Safety in the stock index AEX Index from January 2, 2015.