Dow Jones U.S. Investment Services Index

D.J. US Investing Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Virtu KCG (L, US)  Investment Banking & Brokerage
1. Virtu KCG (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
2. FBR (S, US)  Investment Banking & Brokerage
2. FBR (S, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
3. A-Mark Precious Metals (XL, US)  Specialized Finance
3. A-Mark Precious Metals (XL, US)   Specialized Finance	n/a		n/a		n/a		n/a
4. Piper Jaffray (L, US)  Investment Banking & Brokerage
4. Piper Jaffray (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
5. GAIN Capital (S, US)  Specialized Finance
5. GAIN Capital (S, US)   Specialized Finance	n/a		n/a		n/a		n/a
6. Evercore (L, US)  Investment Banking & Brokerage
6. Evercore (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
7. Greenhill (S, US)  Investment Banking & Brokerage
7. Greenhill (S, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
8. BGC (L, US)  Investment Banking & Brokerage
8. BGC (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
9. Oppenheimer (L, US)  Investment Banking & Brokerage
9. Oppenheimer (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
10. Stifel Financial (XL, US)  Investment Banking & Brokerage
10. Stifel Financial (XL, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a

January 4, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

D.J. US Investing Top 10: Growth Investment Strategy

TOP 10 Growth	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Piper Jaffray (L, US)   Investment Banking & Brokerage
1. Piper Jaffray (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
2. S&P Global (XL, US) ☀   Specialized Finance
2. S&P Global (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
3. MarketAxess (M, US) ☀   Specialized Finance
3. MarketAxess (M, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
4. GAIN Capital (S, US)   Specialized Finance
4. GAIN Capital (S, US)   Specialized Finance	n/a		n/a		n/a		n/a
5. MSCI (L, US) ☀   Specialized Finance
5. MSCI (L, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
6. Intercontinental (XL, US) ☀   Specialized Finance
6. Intercontinental (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
7. Evercore (L, US)   Investment Banking & Brokerage
7. Evercore (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
8. Stifel Financial (XL, US)   Investment Banking & Brokerage
8. Stifel Financial (XL, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
9. Nasdaq (XL, US) ☀   Specialized Finance
9. Nasdaq (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
10. E*TRADE (L, US)   Investment Banking & Brokerage
10. E*TRADE (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a

January 4, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

D.J. US Investing Top 10: Safety Investment Strategy

TOP 10 Safety	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. CME Group (XL, US)   Specialized Finance
1. CME Group (XL, US)   Specialized Finance	n/a		n/a		n/a		n/a
2. Moody's (XL, US) ☀   Specialized Finance
2. Moody's (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
3. Goldman Sachs (XXL, US) ☀   Investment Banking & Brokerage
3. Goldman Sachs (XXL, US) ☀   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
4. Greenhill (S, US)   Investment Banking & Brokerage
4. Greenhill (S, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
5. Stifel Financial (XL, US)   Investment Banking & Brokerage
5. Stifel Financial (XL, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
6. Ladenburg Thalmann (L, US)   Investment Banking & Brokerage
6. Ladenburg Thalmann (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
7. Piper Jaffray (L, US)   Investment Banking & Brokerage
7. Piper Jaffray (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
8. Morgan Stanley (XXL, US) ☀   Investment Banking & Brokerage
8. Morgan Stanley (XXL, US) ☀   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
9. Virtu KCG (L, US)   Investment Banking & Brokerage
9. Virtu KCG (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
10. TD Ameritrade (XL, US)   Investment Banking & Brokerage
10. TD Ameritrade (XL, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a

January 4, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

D.J. US Investing Top 10: Combined Investment Strategy

TOP 10 Combined	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Piper Jaffray (L, US)   Investment Banking & Brokerage
1. Piper Jaffray (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
2. Stifel Financial (XL, US)   Investment Banking & Brokerage
2. Stifel Financial (XL, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
3. GAIN Capital (S, US)   Specialized Finance
3. GAIN Capital (S, US)   Specialized Finance	n/a		n/a		n/a		n/a
4. Virtu KCG (L, US)   Investment Banking & Brokerage
4. Virtu KCG (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
5. CME Group (XL, US)   Specialized Finance
5. CME Group (XL, US)   Specialized Finance	n/a		n/a		n/a		n/a
6. Moody's (XL, US) ☀   Specialized Finance
6. Moody's (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a
7. A-Mark Precious Metals (XL, US)   Specialized Finance
7. A-Mark Precious Metals (XL, US)   Specialized Finance	n/a		n/a		n/a		n/a
8. BGC (L, US)   Investment Banking & Brokerage
8. BGC (L, US)   Investment Banking & Brokerage	n/a		n/a		n/a		n/a
9. Nasdaq (XL, US) ☀   Specialized Finance
9. Nasdaq (XL, US) ☀   Specialized Finance	n/a		n/a		n/a		n/a

January 4, 2016. 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 Dow Jones U.S. Investment Services Index from January 4, 2016.