(PUB) Investing 2015

35

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)

— 16.7

1.5 1.7 1.6 1.5 1.3 1.7 1.7 1.5 2.0 1.4 1.5 1.5 1.7 0.2

2,603 y 23 2,477 y 22 2,012 y 26 1,320 y 21 1,388 p 34 1,378 p 26 2,818 y 29 2,136 y 30 2,536 y 22 761 a 34 2,143 t 31 2,067 p 28 2,999 y 19 3,138 — —

p 17 t 14

— 69

3 5 3 0 7 5 1 3 7 1 1 0 7 7 5 6 9 1 3 2 6 1 4 5 6 7

97 94 97 99 93 95 80 98 97 92 98 96 99 54 53 62 71 68 61 25 59 34 67 69 83 70 15 51 48 97 63 65 56 57 63 33 58 44 59 59 64 63 34

0 0 0 0 0 0 0 0 0 0 0 0 0

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

2 —

1.32

—

925 —

PNVDX 3 13.9 AVPAX 3 16.3

p 21 r 14 139 29 p 17 t 16 600 73 t 19 u 15 223 111

5 Clsd

1.18 27.25 1.17 24.58 1.3 9.01 1.23 14.09 1.26 15.54 1.32 33.36 1.09 19.12 0.83 22.0 1.17 13.44 1.48 12.08 1.1 23.72 0.09 46.39 0.71 11.85 0.59 25.02 0.57 21.94 1.44 12.94 1.36 23.15 0.64 13.6 1.09 31.89 1.11 13.12 0.53 102.8 0.56 23.25 0.22 38.42 0.56 21.92 0.77 9.15 1.11 34.2 0.61 2.44 0.94 29.98 0.94 24.95 0.8 10.46 0.83 31.08 1.19 18.65 0.73 86.59 0.89 13.55 1.06 17.22 1.06 13.69 1.27 15.85 0.75 18.35 0.74 32.49 0.91 23.97 0.72 40.03 1.63 9.33 1.26 11.9 0.9 8.94 1.27 —

6,413 Management Team 5,867 Management Team 1,808 John/Lewis (2.9/0.5) 878 Management Team 1,562 Management Team 2,837 Janssen/Myers (2.2/6.9) 1,781 Management Team 2,166 Hench/Zaino (11.0/17.1) 792 Kaplan/Romeo (13.8/7.0) 143 Steven Roth (6.8) 5,363 Management Team 82,572 Management Team 99,324 Management Team 2,056 Management Team 2,403 Management Team 2,819 Management Team 4,043 Management Team 15,361 Management Team 28,847 Management Team 25,755 Management Team 1,177 Management Team 19,960 Management Team 92,430 Management Team 8,057 Management Team 518 Charles Carlson (31.8) 14,060 Management Team 13,020 Pinto/Smith (10.0/10.0) 4,292 Dierdorf/Sharpe (6.2/5.8) 744 Earley/Kaliebe (0.3/9.3) 1,637 Management Team 1,664 Management Team 1,719 Management Team 5,250 Behren/Shannon (8.2/8.2) 7,083 Management Team 20,688 Management Team 1,988 Management Team 4,936 Michael Cuggino (12.0) 17,472 Robert Arnott (11.5) 454 Bui/Rewey, III (2.3/0.8) 16,729 Michael Buek (16.9) 1,776 — 869 Management Team

5 NL

ASVIX

3 17.1

5 Clsd 1 Clsd

ARTVX 3 17.4 DASCX 3 16.4 DHSCX 6 16.7 JSCVX 6 18.9 RYPNX 3 18.2 RYVFX 3 14.6 TASCX 6 16.6 AACTX 4 17.5 ABALX 4 18.0 AMECX 1 18.8 ARBFX 5 22.6 MOBAX 7 22.0 FCPVX 3 15.3 VSIAX 3 17.5 — 1.9

a 18 o 12 y 25 t 15 p 26 d 10 p 14 a 14 p 19 t 17

99 31 75 96 69 16 65 26 90 62

1 NL

20

2 5.00 2 Clsd 1 NL 3 NL 3 NL 5 NL 1 NL 21 — 21 5.75 9 5.75 21 5.75 12 NL 1 4.75 1 4.75 11 NL 8 NL 26 NL 10 NL 1 NL 13 NL 20 4.25 9 NL 16 NL 3 NL 16 NL 19 NL 17 NL 7 NL 10 5.75 3 NL 5 NL 1 5.75 2 NL 9 5.50

t 18 p 16 281 36

a 24 y 12 y 23 a 16

68 38 64 40

p 18 t 14 829 12

— — — — a 14 p 13

— 26

10

32 36 29 21

2.5 57,217 d 16 2.6 99,896 y 18 2.7 60,469 d 16

21

4

p 14 a 14 1396 68 p 14 a 12 1695 47

2.5

8,387 d 23

t 15 a 14 s 27 a 13

86 462 72 27

31

0

4.3 74,905 d 30

32

22 Canakaris/Donahue (20.5/2.2)

BERIX

2 17.0

1.7

6,358 a 32

y 14 p 13 101 45 a 22 p 12 123 33 y 16 d 16 554 70 a 22 d 18 400 23 d 16 y 14 1188 176 a 19 y 17 1200 160 r 1 y 0 396 18 y 20 d 13 129 31 o 17 r 16 679 36 d 15 y 15 272 13 a 24 o 10 101 50 d 14 a 12 440 60 d 17 y 17 429 72 d 22 t 20 295 81 a 16 s 10 830 45 a 19 r 10 746 65 a 19 r 10 795 53 i 16 d 15 170 137 d 16 p 13 785 35 p 17 t 17 285 18 d 18 y 17 313 52 r 17 a 13 115 17 a 14 d 14 4 8 d 18 y 17 353 5

41

18 16 7 28 13 44

CVTRX 4 17.3

2.6 126,499 y 22 2.4 75,464 a 18 1.9 66,407 y 24 2.5 40,567 a 18 2.2 39,000 y 16 2.7 54,556 d 20 1.7 49,846 a 33 1.9 64,597 f 21 2.6 75,714 a 19 1.7 60,768 y 31 3.7 72,614 t 17 2.3 16,771 a 22 2.8 43,708 p 25 2.5 32,369 t 22 2.4 19,790 t 26 2.3 19,803 t 26 1.8 20,004 t 17 2.2 63,251 y 22 2.1 36,146 y 26 2.8 49,817 a 19 2.1 21,497 u 28 2.2 21,754 s 19 2.2 21,395 s 20 1.7 22,117 u 28 2.2 7,736 u 99 1.7 2,473 p 35

CVSIX

4 16.9

DODBX 4 16.9

31 26 15 23

1 3 0 0

FBALX

7 19.0

FFNOX 4 18.1 FPURX 7 19.5 FSRRX 5 36.3 FPACX 4 17.0

31 52

38

8

3

FKINX

1 16.5

39 10

GATEX 4 18.4 GRSPX 3 18.7

0

-2

30 16 39 15 34 59 31 49 36 14 33 2

0 8 3 1 0 1 1 1 5 1 7 0

ACEIX

1 16.2

12

JABAX 4 16.7 LCORX 4 14.3 MAPOX 1 17.5 EXDAX 4 19.5 MNBAX 7 19.9 EXBAX 7 20.1 MERFX 4 19.4 MSFRX 1 16.4 OAKBX 4 15.7 PAXWX 7 18.1 PAUDX 4 15.5 PASDX 4 15.5 PIRMX 4 15.4 PRPFX 4 24.3

1

27

3 7 9 6

34

4

16

8 NL 2 NL 12 NL 76 NL 48 NL -16 NL

4

11

29 26

y 15 a 15 y 15 a 15

53 65 -63 54 54 -26

1 126 36

2 8

86 39 30 51

30,066 Robert Arnott (12.7)

y 20 a 9 217 80

11

672 Johnson/Worah (0.3/3.7)

18.2 18.4

1.4

1,396

2.6 72,944

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