(PUB) Investing 2015

39

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market

# of

Turn- over

Recent Composition

Sales

Total

Style Cash

Cap

UK/W. North Latin

Asia ex-

Hold-

(% of Assets)

Charge Expense NAV

Assets

Box

Flow

($Mil)

Europe Amer Amer Japan Japan

Other ings

%

Cash Stock Bond Other

%

Ratio% ($)

($Mil) Portfolio Manager (Tenure Years)

— 4

0.8 5.3 4.8 4.8

5,491

54 62 47 50 56 58 54 66 34 30 52 52 56 66 63 30 79 49 21 44 61 54 65 62 55 70 62 81 52 41 47 53 51 46 53 61 68 60 44 40 56 52 47 44 58 28 32 32 18 18

7 2 2 7 6 3 1 9 8 9 6 6 0 6 3 8 3 7 0 3 8 5 1 6 9 3 5 2 1 8 9 6 0 6 0 4 1 7

1 0 1 1 3 0 0 0 0 2 5 0 0 0 0 3 2 1 0 0 1 7 1 8 1 0 2 2 6 3 3 1 1 8 3 0 1 0 3 2 0 3 2 2 2 1 1 0 2 3

17 13 12 10 10 16 25 23 13 15 15 19 22 23 10 15 16 22 11 1 5 15 11 10 14 21 14 16 18 12 23 17 15 22 12 21 17 6 4 14 1 0 20 3

15

2 — 2 197 2 473 1 188

9

3 5 9 3 5 1 5 0 0 2 5 2 1 1 0 6 8 2 1 4 3 4 0 2 3 4 8 5 8 0 0 0 0 1 4 2 6 0 2 2 4 4 3 6 2 3

96 90 87 90 88 98 84 94 99 99 95 94 96 97 98 74 96 95 57 93 92 98 98 89 96 96 98 95 94 95 91 84 92 97 76 98 98 95 99 95 96 91 94 98 97 91 93 93 92

1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 1 0 0 8 0 0 0 0 0 0 1 0 0 0 3 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0

1 5 3 6 6 1 1 1 1 1 3 1 2 2 1 8 2 2 5 0 1 0 0 1 7 0 0 1 4 1 0 1 9 0 3 0 2 2 5 0 1 2 2 5 0 0 4 2 4 2

— NL

1.36

—

1,664 —

AAIPX

35,148 36,700 28,392 47,402

8

23 28 37 46 58 20 27 58 28 12 39 57 41 12 11 10 23 61 70 54 56 43 34 39 38 12 12 42 39 45 1

1.06 20.06

2,548 Management Team

0.84 51.28 132,838 Management Team 0.91 33.43 10,938 Management Team 1.17 31.61 19,576 Management Team

AEPGX 7 IGAAX 4

23 20 13 33 10 11 27 30 10 13 15

5.75 5.75

ARTIX

7 11.3

0 0 0 0 4

81 54 59 63 49

NL

ARTJX 8 11.7 ARTKX 4 11.0

2,462

Clsd Clsd

1.5 26.07

983 Hamker/Yockey (3.2/13.3)

23,143 41,151

15

15

1.2 35.89 11,579 O’Keefe/Samra (8.5/12.6)

CIVVX

4.9 8.9 8.3 2.6 5.6 6.7 9.7 5.0 6.2 4.9 7.3 5.3 4.7 2.7 4.3 7.5 6.8 8.6 6.6 4.8 3.8 2.2 7.0 2.6 9.7 4.9 5.0 5.0 7.2 5.4 6.6 5.0 5.4 7.2 7.9 9.2 8.4 5.5

NL

1.17 16.03 1.49 23.63 0.94 44.99

7,127 Management Team

1

LAFAX 7 ACINX 8 DODFX 4

7,513 3,131

5.75

250 Olson/Waldburg-Wolfegg (13.6/0.0)

5 239

NL

8,177 Egan/Mendes (12.0/12.0)

0.64 45.32 69,061 Management Team 0.91 37.48 25,886 William Bower (14.1) 0.91 41.46 11,380 William Kennedy (10.5)

42,108 29,336 18,686 14,753 34,697 13,223 46,625 44,228

7

92

Clsd

FDIVX FIGRX FOSFX

11

2 248 2 229 2 168 1 969 2 160

NL NL NL NL

7 7 7 4

5

1.02 42.47

3,835 Vincent Montemaggiore (3.2)

0.2 40.73 15,990 Management Team

FSIIX

12 10

SGOVX 4 HAINX 4

17

Clsd

1.16 23.61 14,904 Brooker, Jr./McLennan (5.2/6.6)

0.75 71.78 50,607 Management Team

2

0 4

82 57

NL NL

HLMNX 7 11.2

18 16 18 11 32

1.16 19.2 1.26 17.55 1.3 20.88 0.99 18.92 1.25 14.3 0.95 35.88 1.07 7.85 1.26 21.58

5,047 Management Team

IVIOX

5,187

1 111

30

Clsd

3,827 de Lardemelle/de Vaulx (6.6/6.6)

5

JOHAX 7 MSILX 7

19,303 19,196

13

3 1 0 0 1 3 0 1

31 67 20 45 70 91 62 63

100

NL NL NL NL NL NL

2,548 Lees/Richyal (5.7/5.7) 1,624 Management Team 1,493 Management Team 2,184 Management Team 3,898 Management Team 1,227 Benjamin Segal (9.8)

LLINX ICEUX

8,224

4 4

36,317 22,297 11,795 36,345

7 9 6 8

EXWAX 7

15

NIQVX 4 11.3

OAKIX

Clsd Clsd 5.75

0.95 25.34 30,570 Herro/Taylor (22.6/6.3)

4

OAKEX 5 10.8 OIGAX 7 14.1

2,273

20

1.31 16.95

3,283 Herro/Manelli (19.5/3.9)

15,871 35,074

4

0 108

1.14 38.26 20,331 Dunphy/Evans (3.1/19.1)

UMBWX 4

10 25 23 15 13 20 19 10 15 21 27 17 21 14 21 24 5

3

77

NL NL NL NL NL NL NL NL NL NL NL NL NL NL NL

1.01 34.95 1.21 56.78

5,135 Management Team 3,884 Justin Thomson (16.3)

PRIDX PRITX TRIGX

1,828

1 213 3 130 2 126 0 159

8 7 1

0.83 17.16 14,255 Richard Clattenburg (0.1) 0.85 14.96 11,257 Jonathan Matthews (4.8) 0.84 10.3 10,387 Raymond Mills (8.3)

26,861 20,702 35,700 60,474 30,897 40,911 30,734 27,490 30,398 33,033 20,262 48,044 44,701 49,904 51,922 3,609 1,398 1,771

TROSX 4

8

TAVIX

14

0 0

35 66

22 37

1.4 17.29

271 Matthew Fine (3.3)

2

TGVAX 4 TBGVX 1

4.50

1.26 30.81 11,609 Fries/Wang (16.9/9.2)

0 110

4

23

1.38 27.43 1.16 30.97

9,859 Management Team 3,703 Ling/Smith (5.6/12.8)

USIFX

1

87

14

7

0.09 13.31 52,425 Christine Franquin (2.2)

VTMGX 4 VFWAX 4 VFSVX 5

1 1404 4 2475 2 3374 0 332 3 183 5 169 3 5862 1 — 1 415 2 301 1 624 2 59

4 4

0.14 31.73 25,481 Ryan Ludt (6.7)

0.37 39.86 0.4 18.28

13

13 39 21 37 31 57 36 25 38 45 3

3,057 Michael Eyre (2.2)

VINEX

2,754 Dobbs/Thomas (15.3/4.8)

8

0.47 23.67 23,600 Management Team

VWIGX 7

0.44 37.09

VTRIX VTIAX JVIAX

8,701 Management Team

4 4 7 —

0.14 28.34 162,549 Michael Perre (6.7)

12 52 42 45 49 56

1 6 4 7 5 3

5.75

1.43 29.15

2,030 Rajiv Jain (13.2)

8

—

1.33

—

1,638 —

0.77 48.22 90,277 Management Team 0.76 38.88 60,681 Management Team 1.07 48.59 27,745 Management Team

CWGIX 4 ANWPX 7 SMCWX 8

12

5.75 5.75 5.75

7

2,983

19 11

ARTRX 7 13.0

29,651

0

57

NL

1.2 19.82

1,220 Management Team

Bold # ! Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm