(PUB) Investing 2015

41

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market Style Cash Cap Box Flow ($Mil)

# of

Turn- Recent Composition

Sales

Total

UK/W. North Latin

Asia ex-

Hold-

over

(% of Assets)

Charge Expense NAV Assets

Europe Amer Amer Japan Japan Other ings % Cash Stock Bond Other % Ratio% ($)

($Mil)

Portfolio Manager (Tenure Years)

— 7.5 43,099 28 52 1 6 8 15.1 28,014 17 59 3 2 11 7.6 52,302 29 56 0 0 5 6.8 49,328 24 47 2 2 8 11.4 25,471 29 51 0 6 7 5.7 44,094 27 49 0 0 6 5.5 19,109 22 34 0 1 2 9.7 34,650 19 52 1 9 6 8.2 30,273 19 68 0 5 6 11.3 43,739 40 54 2 2 1 5.5 32,367 32 53 0 6 5 3.8 61,845 34 51 0 5 4 8.1 3,792 20 53 2 7 12 6.3 36,209 37 44 4 11 4 12.5 3,448 37 50 0 8 3 8.4 32,724 29 46 4 5 1 8 9.3 21,976 26 41 0 3 8 6.0 11,958 12 63 0 6 14 7.1 69,369 43 43 0 0 2 7.3 68,478 65 20 0 0 6 11.5 45,507 37 55 2 1 1 1 6.0 21,140 21 50 2 8 13 9.6 8,822 19 54 3 3 18 7.1 29,659 22 54 1 8 10 1 1

1 — 58 1 55 45 0 51 25 4 102 17 1 343 163 3 172 24 1 153 66 3 73 30 1 133 43 1 101 11 0 43 31 0 21 24 3 5821 38 0 90 11 1 91 16 0 80 19 0 103 21 0 42 31

2 97 0 6 93 0 10 90 0 3 88 0 3 96 0 8 84 3 3 91 0 0 99 0 1 99 0 2 98 0 6 94 0 4 96 0 0 100 0 6 86 0 4 95 0 12 88 0 8 91 0 1 97 0 4 96 0 1 98 0 1 98 0 0 100 0 0 100 0 0 99 0 2 98 0 0 99 0 1 92 6 12 77 10 1 92 0 1 90 0 3 95 0 6 92 0 1 94 0 3 96 0 0 98 0 4 95 0 16 59 25 3 77 16 15 85 0 2 94 0 0 96 0

0 — 1.33

— 1,614 —

ARTRX 7 ARTGX 4 DODWX 4 FWWFX 7

2 NL

1.2 19.26 1,156 Management Team

0 Clsd 1.32 15.86 1,788 O’Keefe/Samra (7.2/7.2)

0.65

9 NL

12.12 5,829 Management Team

1 NL 0.96 23.51 1,540 DuFour/Kennedy (7.4/9.2) 5 5.75 1.28 34.08 25,310 Management Team

TEDIX

TEQIX

6 61 19 14 5.75 1.14 16.4 5,861 Luh/Tumulty (4.2/11.2)

HLMGX 7 JAWWX 7 MWEFX 7 OAKGX 4 OAKWX 4 OWSMX 5 OPPAX 7

6 NL 1.22 32.53 842 Management Team

0.79

1 NL

67.19 2,656 Management Team

0 5.75 1.23 36.92 2,160 Mannheim/Morley (22.9/5.4) 0 Clsd 1.11 29.98 3,601 McGregor/Taylor (11.3/9.4) 0 NL 1.13 16.68 2,039 Herro/Nygren (8.4/8.4) 0 NL 1.14 16.81 5,543 Management Team 0 5.75 1.13 81.29 10,419 Rajeev Bhaman (10.6)

OPGIX

3 99 0 -2 5.75 1.18 41.38 3,423 Frank Jennings (19.4)

JGVAX 1 PTHDX 4

0 NL 1.01 14.29 274 Management Team

7 NL 1.24 9.71 926 Anne Gudefin (4.8)

TAVFX

1 NL

1.1 57.72 2,031 Management Team

TWEBX 1 TBHDX 1 USAWX 7 VHGEX 4 VMVFX 5 VTWSX 4 TEMIX 1 MAPIX 4 MACSX 4 MCHFX 4 MINDX 7 MAPTX 7 PRASX 7 VEUSX 4 NEWFX 7 DFEVX 1 HLEMX 7 ODMAX 7 EAEMX 4 PRMSX 7 VEMAX 4 HEMZX 7 LZOEX 4

0 49

7

0 NL 1.38 22.27 608 Management Team 1 NL 1.37 11.09 596 Management Team 2 NL 1.19 28.42 1,208 Mannheim/Morley (12.7/5.4)

0 40 10

1 101

9

0.61

2 761 45 1 342 49

1 NL 1 NL 1 NL

25.09 4,408 Management Team 11.52 621 Management Team 25.5 6,405 Christine Franquin (2.0)

0.3

0.27

2 6951

7

5.2 15,030 94 0 0 0 0

0 78 54 0 68 20 0 60 17 0 55 10 1 48 15 0 69 11 0 89 58

4 5.75 1.37 21.79 2,553 Brugere-Trelat/Dudley (10.2/8.2)

7.8 8,773 7.9 12,342 5.7 12,892 29.8 3,498 7.4 12,127 7.1 22,238

1 2 0 26 67 3 2 0 4 77 0 0 0 0 95 0 4 0 0 96 2 2 0 0 95 5 0 0 0 94

4 Clsd 1.06 16.21 5,372 Management Team

1.08 1.09 1.13 1.09 0.93 0.12

0 86 0 14 NL

18.39 4,198 Horrocks/Lowe (5.8/3.2) 22.27 1,002 Management Team 29.28 1,503 Asnani/Shroff (4.3/8.7)

0 NL 0 NL 1 Clsd 0 NL 1 NL

28.33 8,895 Management Team

16.97 4,128 Ahn Lu (0.7)

7.7 42,268 99 0 0 0 0

0 528

7

69.91 18,282 Gerard O’Reilly (6.5)

— 4.5 17,877

3 1 14 0 57 16 — 68

1 — 1.56

— 1,370 —

1.03 0.57

7.4 19,514 21 10 4 4 31

7 552 32

1 5.75 7 NL

55.54 23,849 Management Team 26.45 18,061 Management Team

2.7 6,358 5.0 17,600 6.4 20,378

1 0 13 0 64 15 2157 7 0 14 0 48 20 82 28 1 1 17 0 54 21 87 12 6

9 NL 1.46 46.85 2,483 Management Team 2 Clsd 1.37 17.94 13,817 Management Team 2 Clsd 1.32 35.82 39,319 Justin Leverenz (7.8) 5 NL 1.38 14.31 4,591 Management Team 1 NL 1.25 33.81 7,880 Gonzalo Pangaro (6.4)

11.5 19,985 12 0 19 0 49 13 117 26

5.0 7,318 6.4 22,660 4.1 17,878

3 1 16 0 43 31 1692 4 0 13 0 63 15 104 23 0 0 16 0 64 18 986 9 7

0.15

1 NL

34.67 63,817 Michael Perre (6.5)

12.2 29,126 10 0 19 0 61

5 78 28

0 5.75 1.57 10.08 9,569 Rajiv Jain (8.7)

— 7.3 43,226 15 36 1 4 5 8.2 47,251 25 45 0 0 6

1 — 59 0 1425 55 5 51 53 1 849 75 1 178 15 1 109 22

0 — 1.3

— 3,111 —

1 2

CAIBX APPLX

4 5.75 0.59 61.35 99,750 Management Team

7.8 7,340

9 35 0 4 7

16 57 6 22 NL

1.3 12.82 265 Management Team

MDLOX 4 SGENX 4 IVWAX 4 PGMDX 4

6.3 33,381 13 29 1 10 4 8.1 27,968 15 39 1 12 3 8.7 20,115 12 24 0 7 6

15 57 17 12 5.25 1.13 20.45 55,567 Management Team

20 71 2 37 51 7

7 5.00 1.13 54.35 51,086 Brooker, Jr./McLennan (4.0/6.4) 5 Clsd 1.26 17.85 10,205 de Lardemelle/de Vaulx (6.4/6.4)

6.6 41,523

6 20 2 1 6

1 286 94 -71 41 99 30 NL 1.61 11.54 1,050 Mihir Worah (1.1)

Equity Style Box Val BlndGrth

Bold #  Cheapest Quintile

Lrg Mid Sm