(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)

— 16.4

2.0 84,693 y 20 2.2 51,507 o 18 1.8 49,462 y 23 3.0 63,655 d 19 2.9 88,221 p 19 1.4 25,712 a 23 2.2 49,473 s 28 1.8 33,863 y 20 2.9 92,602 y 16 2.0 59,798 y 26 1.9 65,810 y 24 0.9 31,096 y 74 2.1 67,280 y 24 2.0 52,921 y 25 1.7 39,649 y 24 1.6 58,131 y 26 1.7 61,280 y 31 1.8 30,194 y 30 2.2 55,203 y 19 2.2 67,005 d 19 2.2 67,790 d 27 2.2 57,318 o 14 1.7 44,286 y 25 2.0 45,007 y 19 1.9 44,755 y 23 2.0 42,979 y 24 2.0 42,157 y 23 2.4 86,320 y 17 2.4 72,616 s 15 1.8 31,281 y 25 2.0 72,290 y 22 1.9 63,155 y 23 1.8 34,883 y 25 3.3 16,725 y 29 4.6 11,856 t 20 4.6 13,165 a 34 0.9 4,198 y 37 3.7 9,395 t 19

d 14 a 11 y 17 s 17

— 56 84 57

2 2 3 7 3 7 8 7 3 2 3 4 9 0 6 2 8 2 4 1 2 4 1

97 76 97 89 96 88 90 93 95 98 75 97 92 84 68 94 98 92 98 96 98 98 94 99

0

1

6 — 7 NL 6 NL

1.09

—

2,413 —

TWEIX 1 16.6 TWVLX 1 15.7 AMRMX 1 17.9 AWSHX 4 18.2 ARTLX 1 15.4 AUXFX 1 16.2 GSFTX 1 18.0 DHLAX 1 16.2 DODGX 4 16.9 BVEFX 1 15.8

2 20

0.93 8.77 0.98 8.67 0.59 37.42 0.6 41.23 0.98 13.79 1.25 20.7 0.93 19.38 0.77 18.91 1.04 23.05 0.52 181.3 1.06 35.5 0.63 26.83 0.69 58.38 1.1 30.5 1.1 23.88 0.82 26.04 0.84 26.85 1.27 29.99 0.89 51.82 0.9 46.45 0.85 16.34 0.35 15.44 0.92 49.53 0.67 32.95 0.84 35.33 1.14 17.47 1.15 48.38 0.29 31.54 0.18 27.5 0.29 17.71 0.09 33.08 0.36 37.89 0.38 22.06 1.35 23.1 1.0 25.03 1.2 47.02 1.31 64.78 1.29 73.74 1.35 18.96 1.01 18.67 1.3 14.91 1.03 22.76 0.79 32.79 1.45 28.02 1.2 67.55 0.81 40.11 0.85 54.03 1.27 —

9,738 Management Team 3,738 Management Team 36,897 Management Team 78,625 Management Team 1,300 Management Team

o 14 d 14 136 49 p 18 a 10 254 16 d 14 y 14 184 19

0 1 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 1 0

0 3 1 5 2 0 1 0 0 0 4 4 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 0 3 1 0 0 1 1 0 0 0 0 1 0 0 1

5 5.75 7 5.75

y 19 o 18

38 53

8 NL

d 23 y 20 122

9

12 NL 2 NL 3 NL 11 NL 4 NL 9 NL 9 NL 18 5.75 12 NL 13 5.50 12 5.50 1 5.25 8 NL 7 NL 10 NL 0 NL 12 NL 5 NL 3 NL 8 NL 2 NL 10 NL 1 NL 0 NL 1 NL 9 NL 14 NL 0 5.00 5 — 4 NL 6 NL 1 NL 4 NL 8 NL 6 NL 1 NL 7 NL 3 NL 6 NL 4 NL 6 NL 9 NL 5 Clsd

284 J. Jeffrey Auxier (15.7) 387 Management Team 9,043 Management Team 3,411 Management Team 59,446 Management Team 5,743 Bruce Berkowitz (15.3) 5,506 Scott Offen (3.5) 9,166 Management Team 16,545 Management Team 315 Pitkowsky/Trauner (4.0/4.0) 13,798 Management Team 9,322 Management Team 11,025 Management Team 1,044 Management Team 4,363 Management Team 5,021 Management Team 2,422 Management Team 28,563 Brian Rogers (29.5) 22,919 Mark Finn (5.3) 1,123 Diane Jaffee (13.4) 19,249 Management Team 15,621 Michael Perre (8.4) 1,275 Management Team 38,060 Gerard O’Reilly (20.3) 50,260 Management Team 18,607 Management Team 3,853 Management Team 5,847 Hollond/Walsh (8.2/7.2) 9,715 Management Team 2,868 Andrew Peck (11.7) 8,278 Ronald Baron (20.3) 387 Michael Lippert (9.2) 534 Carlsen/Male (0.3/13.3) 697 Management Team 608 Chalupnik/Szafranski (4.0/0.0) 175 Perkins/Preloger (6.3/6.3) 421 Fialco/Torray (7.0/24.3) 1,304 —

a 16 p 15 d 15 p 14 d 17 a 14 a 22 d 18 t 15 u 10

59 41 87 19 52 24 69 17

0 100

FAIRX FEQTX FEQIX TESIX

1 10.6 1 16.8 1 15.9 1 15.9

33

2

13

2 10

d 15 s 12 131 52 d 13 p 12 245 40 d 16 a 13 152 19

GOODX 2 17.3 ACSTX 1 15.7

a 16 o 15 o 16 t 16 d 15 a 12 t 18 a 15 y 19 a 17 y 22 s 11

27 37 82 11 92 31 43 58 31 65 81 34

0 32

ACGIX

1 16.3

JVAAX 1 16.2

t 17 d 10 116 36

ICAEX ICSLX JPLTX

4 17.7 4 17.6 1 17.8

0 100

SFLNX 1 17.2 SSHFX 4 15.9 PRFDX 1 16.5

d 13 a 13 624 14

a 19 d 18

41 47

t 15 p 13 119 10 d 21 p 17 114 54

TRVLX TGIGX

1 14.6 1 16.4

a 18 p 13 p 18 a 17

56 17 35 16

0 100

TORYX 1 15.4

12

88 97

VEIPX

1 16.1

a 14 d 13 172 33 y 14 a 13 439 12 d 14 p 11 222 57

2

VHDYX 1 16.9 VUVLX 1 15.2

0 100

1

99

VVIAX

1 16.0

d 17 s 11 325

6

0 100

VWNFX 1 14.5 VWNDX 1 14.9

d 16 a 14 270 27 a 18 d 16 142 38

3 2 2 0 0 3 1 1 0 1 3

97 97 98 91 98 97 99 98 99 99 97

— 24.4

a 19 p 18 p 28 t 18 p 18 a 18 t 20 d 16 d 19 a 17 p 21 a 12 t 18 p 11 a 21 p 19 a 16 p 16 a 19 y 14

— 70 40 30 98 73 72 55 66 11 91 13 59 63 53 45 58 52 47 17

AKREX 7 24.9 TWHIX 8 24.4 ARTMX 8 28.0 BARAX 8 29.6 BGRFX 8 25.9 BUFMX 8 24.2 CIPMX 5 19.5 ACTWX 8 23.4 ACRNX 8 22.9 BIOPX 8 56.0

4.3 3.4 4.8 3.3 2.7 3.0 2.8 3.2

9,364 p 25 4,466 t 23 8,210 a 44 6,901 t 29 6,719 d 25 5,091 p 25 3,954 p 27 5,595 d 32

0 100 0 100

a 19 d 13 205 17

12,790 Management Team

ETGLX

8 17.8

a 25 t 17 t 25 p 17

73 17

20

80 91 93 95

1,544 Barksdale/Kuruvilla (4.5/6.8) 1,029 Fox/Putnam (15.0/28.3)

FAMVX 8 21.2 FMCSX 8 20.8

2.5 11,272 y 29

40

6

9 6 4

2.4 3.6

6,974 p 18 5,989 t 46

y 15 t 15 174 27

8,461 John Roth (4.2)

FPPFX

8 20.9

p 35 a 10

32

5

337 Ende/Herr (15.7/1.7)

17.2 22.6

1.8 52,749 4.3 12,278

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