(PUB) Investing 2015

39

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)

— 0.9 5,500 54 7 1 17 15 5.4 33,231 64 2 0 13 9 8.3 35,168 45 3 1 11 23 5.2 25,968 49 7 1 8 20 10.0 43,419 55 6 3 15 15 12.7 2,373 53 4 2 1 37 4 7 8.8 22,050 53 18 0 6 10 5.4 39,185 71 1 0 15 12 10.5 6,960 33 11 0 25 27 8.3 3,124 31 7 3 22 31 5.7 42,793 49 8 6 11 10 1 7 7.2 30,452 50 11 0 15 13 9.6 20,061 57 5 0 15 14 5.4 35,640 63 0 0 21 12 5.7 12,337 28 6 3 23 10 8.5 44,793 81 2 2 8 3 11.0 41,294 49 9 2 14 18 7.3 5,187 21 3 0 16 16 3.6 5,677 22 21 7 2 41 11.2 19,071 43 13 0 23 13 7.6 17,869 63 8 2 8 13 5 2.7 8,224 54 0 7 0 32 4.5 35,908 67 3 1 21 5 8.0 22,556 65 14 6 2 7 10.6 11,542 55 8 1 15 7 6.9 32,316 73 5 0 10 8 4 8.9 2,138 64 0 2 12 18 13.7 16,023 79 5 2 6 4 7.9 36,230 53 9 6 15 11 7.9 1,766 42 3 2 20 25 8.1 24,837 47 5 2 13 24 5.5 20,356 57 2 1 17 13 6.1 33,133 59 1 1 18 13 4.1 1,051 11 15 0 23 39 2.2 3,609 46 14 8 4 20 6.4 60,481 53 7 3 14 19 8 2 6.8 28,896 63 11 1 1 5 9.7 40,911 68 6 1 12 10 5.3 31,457 60 0 0 22 15 5.3 28,209 45 6 3 17 20 5.5 1,496 41 13 2 15 26 7 7.2 1,771 56 0 0 22 17 5.4 30,398 52 4 3 12 21 6.6 33,033 47 1 2 21 14 5.4 20,798 44 7 3 16 21 16.1 46,376 53 15 3 1 25 4 4 7 — 7.3 44,285 28 52 1 6 8 8.1 48,392 34 42 1 4 12 10.2 52,017 32 44 0 6 7 8.4 2,785 17 50 2 4 18 7 7 4 4 4 8 7 1 8

2 — 9 2 194 23 4 468 28 1 219 37 0 81 46 0 58 58 0 56 20 0 64 27 4 47 58 5 234 28 8 94 12 4 236 39 2 225 57 2 161 12 0 90 11 5 58 10 1 111 23 4 67 36 3 32 61 1 69 70 0 20 54 0 44 56 1 75 43 3 86 34 0 65 39 1 65 38 0 108 12 3 79 12 1 213 42 5 130 39 1 969 2

3 96 1 4 92 0 13 86 0 11 86 1 2 94 1 1 99 0 12 87 0 1 99 0 0 99 0 0 99 0 1 94 0 5 93 0 4 95 0 3 97 0 2 97 0 30 57 8 0 97 0 0 96 0 5 95 0 8 92 0 0 97 0 3 96 0 4 89 0 2 97 1 1 96 0 3 96 0 0 97 0 4 92 3 3 96 0 6 92 0 4 92 2 6 94 0 8 92 0 0 97 0 19 80 0 0 98 0 0 98 0 0 95 0 0 99 0 4 95 0 2 96 0 6 91 0 1 95 0 2 98 0 2 96 0 5 92 1 8 92 0 7 93 0 2 97 0

0 — 1.36

— 1,598 —

AAIPX

4 NL 1.06 19.21 2,441 Management Team

0.84

AEPGX 7 IGAAX 4

1 5.75

49.91 128,580 Management Team

1 5.75 0.91 32.19 10,365 Management Team 4 NL 1.17 31.23 19,213 Management Team 0 Clsd 1.5 23.53 988 Hamker/Yockey (3.2/13.2) 1 Clsd 1.2 35.46 11,634 O’Keefe/Samra (8.4/12.5) 0 NL 1.17 15.32 6,629 Management Team 1 5.75 1.49 22.35 243 Christopher Olson (13.5)

ARTIX

ARTJX 8 ARTKX 4

CIVVX LAFAX

0.94 0.64 0.91 0.91

ACINX 8 DODFX 4

1 NL 5 Clsd 2 NL 1 NL 1 NL

43.55 7,918 Egan/Mendes (11.9/11.9) 43.88 68,696 Management Team 36.64 25,419 William Bower (14.0) 40.25 11,129 William Kennedy (10.4) 39.2 15,186 Management Team

FDIVX FIGRX FSIIX

0.2

SGOVX 4 HAINX 4 HLMNX 7 JAOSX 4 JOHAX 7 MSILX 7 IVIOX

17 72 1 10 Clsd 1.16 22.91 14,429 Brooker, Jr./McLennan (5.1/6.5)

0.75

1 NL

68.52 48,473 Management Team

1 NL 1.16 18.45 4,592 Management Team

5 Clsd 1.26 16.95 3,709 de Lardemelle/de Vaulx (6.5/6.5)

0.68

3 NL 4 NL

31.04 2,895 Brent Lynn (14.2)

1.3 20.61 2,176 Lees/Richyal (5.7/5.7)

0 NL 0.99 18.31 1,628 Management Team

LLINX ICEUX

0 NL 1.27 13.74 1,446 Management Team 3 NL 0.95 34.56 2,103 Management Team 1 NL 1.07 7.43 3,831 Management Team 7 NL 1.26 21.1 1,165 Benjamin Segal (9.7) 0 Clsd 0.95 24.86 29,641 Herro/Taylor (22.5/6.2) 2 Clsd 1.31 16.15 3,132 Herro/Manelli (19.4/3.8) 1 5.75 1.14 36.7 19,579 Dunphy/Evans (3.0/19.0) 3 NL 1.01 33.92 5,112 Management Team 1 NL 1.21 53.72 3,681 Justin Thomson (16.2)

EXWAX 4 NIQVX 4

OAKIX

OAKEX 5 OIGAX 7 UMBWX 4

PRIDX PRITX

0.83

1 NL

16.6 14,298 Richard Clattenburg (0.0)

0.85

TRIGX

2 118 45

1 NL

14.31 11,386 Jonathan Matthews (4.7)

TROSX 4

0 159

8

2 NL 0.84 9.95 10,272 Raymond Mills (8.2)

TGICX TAVIX

5 64 260 0 35 22 0 70 37

0 NL 1.38 8.43

21 Glukhov/Prasad (0.1/0.1)

0 NL

1.4 15.93 262 Matthew Fine (3.2)

TGVAX 4 TBGVX 4

3 4.50 1.26 28.84 11,152 Fries/Wang (16.8/9.2)

0 110

4

0 NL 1.38 26.97 9,440 Management Team 2 NL 1.16 29.76 3,541 Ling/Smith (5.5/12.7)

USIFX

1 87 14

0.09 0.14 0.37

VTMGX 4 VFWAX 4 VFSVX 5

1 1404 4 2473

4 4

2 NL 5 NL 1 NL 1 NL 2 NL 2 NL 5 NL

12.79 48,689 Christine Franquin (2.1) 30.22 23,522 Ryan Ludt (6.6) 37.62 2,687 Michael Eyre (2.1) 17.67 2,601 Dobbs/Thomas (15.2/4.7) 22.72 22,328 Management Team 35.37 8,319 Management Team 26.98 147,103 Michael Perre (6.7)

2 3280 13

0.4

VINEX

0 332 39 3 183 21 5 169 37

0.47 0.44 0.14

VWIGX 7

VTRIX VTIAX JVIAX

3 5765

3

1 55 31

0 5.75 1.43 28.33 1,944 Rajiv Jain (13.1)

1 — 58 1 408 36 2 304 25 1 610 38

1 — 1.33

— 1,615 —

0.77 0.76

CWGIX 4 ANWPX 7 SMCWX 8

1 5.75 0 5.75

47.14 88,245 Management Team 37.98 59,126 Management Team

1 5.75 1.07 47.75 27,168 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm