(PUB) Investing 2015

29

Current Portfolio Style

Costs

Operations

Current Equity Style Box

Average Market Cap ($Mil)

Total # of Hold- ings

Recent Composition (% of Assets) Sales Charge % Cash Stock Bond Other Foreign

Price/ Earn Ratio

Price/ Book Ratio

Turn- over %

Total Assets ($Mil)

Top Three Sectors (% of Stock)

Expense Ratio %

NAV ($)

Portfolio Manager (Tenure Years)

— 15.6 1.9 80,925 y 21

d 14 a 11 — 56 2 97 0 0 y 17 s 17 85 57 2 76 2 20 o 14 d 14 136 49 3 97 0 0 d 18 a 11 242 16 3 92 1 4 y 15 t 11 161 19 3 96 0 1 t 15 p 14 57 41 2 98 0 0 d 15 p 14 86 19 3 96 0 1 d 17 a 12 52 24 3 97 0 0 t 8 u 7 33 2 5 80 9 7 d 14 o 12 139 52 2 97 0 0 d 13 p 13 246 43 7 89 1 4 a 24 d 17 69 17 1 99 0 0 10 NL 0 NL 9 NL 9 NL 7 NL 6 NL y 20 o 18 35 53 9 87 0 4 13 NL d 23 y 20 122 9 8 90 0 2 12 NL 2 NL 4 NL

6 — 1.09 — 2,407 —

TWEIX 1 16.6 2.2 51,507 o 18 TWVLX 1 15.7 1.8 49,462 y 23 AMRMX 1 16.7 2.4 63,817 p 18 AWSHX 4 17.0 2.3 90,311 p 19 ARTLX 1 13.4 1.3 25,420 a 23 AUXFX 1 16.2 2.2 49,473 s 28 GSFTX 1 17.1 2.7 91,832 y 16 DHLAX 1 15.4 1.9 54,596 y 26 DODGX 1 16.2 1.9 67,715 y 24 BVEFX 1 15.5 2.0 37,648 y 22

0.93 8.83 10,104 Management Team 0.98 8.71 3,754 Management Team 0.59 37.67 36,836 Management Team 0.6 41.74 78,472 Management Team 0.98 13.73 1,317 Management Team

6 5.75 8 5.75

1.25 21.16 0.93 19.23

294 J. Jeffrey Auxier (15.6) 385 Management Team

0.77 19.26 9,368 Management Team

0 5.00 1.04 23.04 3,394 Management Team

0.52 181.83 57,021 Management Team

1 10.2 0.6 44,319 y 84 1 16.2 2.1 62,167 y 23 1 15.2 1.9 51,207 y 23 1 15.0 1.6 40,884 y 23

FAIRX FEQTX FEQIX TESIX

1.02 34.66 6,017 Bruce Berkowitz (15.2) 0.63 27.04 5,383 Scott Offen (3.3) 0.66 60.28 8,958 Management Team

d 15 a 13 161 19 8 84 3 5 20 5.75 1.09 30.35 15,993 Management Team

GOODX 2 15.7 1.3 8,712 y 39 ACSTX 1 14.4 1.7 62,659 y 25

a 26 o 13 32 37 2 77 0 21 14 NL

1.1 23.13

323 Pitkowsky/Trauner (3.8/3.8)

o 15 t 15 82 11 5 95 0 0 12 5.50 0.82 25.78 13,663 Management Team a 14 d 13 91 31 3 97 0 0 12 5.50 0.84 26.73 9,446 Management Team

1 15.3 1.7 60,982 y 31

ACGIX

JVAAX 1 15.7 1.7 29,009 y 30

t 16 d 11 116 36 8 92 0 0

2 5.25 1.27 30.25 10,513 Management Team

4 16.4 2.0 57,907 y 21 4 16.0 2.2 70,069 d 22 1 16.6 2.0 65,073 d 23

d 18 t 16 45 58 1 99 0 0 10 NL

ICAEX ICSLX

0.89 52.93 1,118 Management Team 0.9 47.36 4,695 Management Team

y 19 t 14 32 65 3 97 0 0

5 NL

y 22 s 11 88 34 6 94 0 0 11 NL

JPLTX

0.85 16.42

170 Perkins/Preloger (6.2/6.2)

0.35 15.52 4,584 Management Team 0.93 50.16 2,467 Management Team 0.67 33.14 28,416 Brian Rogers (29.3) 0.84 35.14 21,273 Mark Finn (5.2)

SFLNX 1 16.0 2.2 58,714 o 14 SSHFX 4 17.1 1.6 45,715 y 24 PRFDX 1 15.8 1.9 46,817 y 20

a 13 d 13 632 14 1 99 0 0

2 NL

d 19 a 15 41 47 3 97 0 0 13 NL

t 14 o 13 118 10 7 92 1 1 d 20 p 16 112 54 1 98 0 1 a 18 p 13 54 17 1 99 0 0 a 18 d 16 33 16 12 88 0 0 s 15 y 12 397 12 0 100 0 0 d 14 p 11 222 57 1 99 0 0 d 17 s 11 317 12 0 100 0 0 d 16 a 14 270 27 3 97 0 0 a 19 p 18 — 70 2 98 0 0 p 28 t 19 35 30 1 96 3 0 p 18 a 18 99 73 0 98 0 1 t 21 d 19 75 55 4 96 0 0 t 19 d 18 66 11 1 99 0 0 p 21 a 12 91 13 3 96 0 1 a 21 p 19 53 45 1 99 0 0 a 16 y 16 56 52 3 97 0 0 y 16 a 15 50 17 0 100 0 0 a 19 t 14 277 17 0 100 0 0 a 23 t 16 69 17 15 85 0 0 t 24 p 18 40 6 4 96 0 0 t 15 y 15 176 27 3 96 1 0 p 36 a 9 33 5 4 96 0 0 y 29 u 20 25 18 12 88 0 0

4 NL 3 NL 8 NL 2 NL 1 NL 0 NL 1 NL 9 NL

1 14.3 1.8 43,819 y 22 1 15.3 1.9 41,325 y 24

TRVLX

TGIGX

1.14 17.7 1,186 Diane Jaffee (13.2)

TORYX 1 14.5 2.0 43,995 y 22

1.15 48.64

426 Fialco/Torray (6.8/24.2)

0.29 31.67 18,431 Management Team 0.18 27.74 15,351 Michael Perre (8.2) 0.29 17.78 1,212 Management Team 0.09 33.28 36,862 Gerard O’Reilly (20.2) 0.36 37.93 48,428 Management Team 0.38 21.92 17,659 Management Team 1.35 23.31 3,862 Management Team 1.0 25.18 6,018 Hollond/Walsh (8.0/7.0) 1.2 47.2 9,512 Management Team 1.31 65.29 2,726 Andrew Peck (11.6) 1.29 74.43 7,976 Ronald Baron (20.2)

1 16.1 2.4 86,320 y 17

a 14 d 13 172 33 2 97 0 1 10 NL

VEIPX

VHDYX 1 16.5 2.4 89,084 a 18 VUVLX 1 15.2 1.8 31,281 y 25

1 15.3 1.9 71,187 y 21

VVIAX

VWNFX 1 14.5 1.9 63,155 y 23 VWNDX 1 14.9 1.8 34,883 y 25

a 18 d 16 142 38 2 97 0 1 14 NL

— 22.4 3.3 9,163 t 19

5 — 1.28 — 1,271 —

AKREX 7 25.4 3.4 18,112 y 29 TWHIX 8 24.4 4.6 11,856 t 20 ARTMX 8 26.1 4.2 12,558 a 31 BARAX 8 26.2 4.0 9,251 p 25 BGRFX 8 23.9 3.3 4,236 t 23 BUFMX 8 24.2 3.3 6,901 t 29 CIPMX 5 19.5 2.7 7,059 d 24 ACTWX 8 21.1 2.7 5,379 p 25 ACRNX 8 20.9 2.7 3,706 p 27 BIOPX 8 49.4 4.5 7,546 a 44

4 NL 6 NL

3 Clsd

0 NL 5 NL

t 21 p 12 54 63 0 99 0 1 10 NL

1.35 19.03 1.01 18.51 1.3 14.64 1.03 22.69

375 Michael Lippert (9.0) 568 Carlsen/Male (0.1/13.2) 684 Management Team 637 Robert Chalupnik (3.8)

6 NL 1 NL 7 NL 5 NL 8 NL 4 NL 7 NL 9 NL 5 NL

0.79 33.01 15,061 Frank/Mohn (1.2/11.2)

8 21.8 3.2 5,249 d 31

ETGLX

1.45 27.87 1,295 Barksdale/Kuruvilla (4.3/6.7)

FAMVX 8 19.9 2.4 10,806 y 31 FMCSX 8 19.3 2.4 6,791 p 17

1.2 68.51

975 Fox/Putnam (14.8/28.2)

0.81 39.81 8,706 John Roth (4.0)

8 20.8 3.5 5,750 t 44

FPPFX

0.96 53.66

313 Ende/Herr (15.5/1.5)

HFCSX 8 21.4 2.9 12,600 t 37

1.46 69.93 1,676 Management Team

17.2 1.8 52,520 22.4 4.4 12,340

Equity Style Box Val BlndGrth

Sectors h Cyclical r Basic Materials t Consumer Cyclical y Financial Services u Real Estate

Bold #  Cheapest Quintile

j Sensitive i Communication Svs o Energy

k Defensive s Consumer Def d Healthcare f Utilities

Lrg Mid Sm

p Industrials a Technology