(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)

— 7.6 43,229 28 52 1 6 8 8.7 50,213 29 53 0 0 5

1 — 57 0 51 25

3 96 0 13 87 0 15 85 0 2 96 0 2 97 0 8 85 2 3 93 0 0 97 0 1 98 0 0 99 0 4 96 0 3 97 0 1 97 0 2 98 0 9 91 0 4 95 0 13 87 0 11 88 0 0 97 0 4 94 0 2 97 0 0 99 0 3 96 0 12 83 0 0 95 0 0 99 0 0 100 0 0 100 0 0 99 0 4 95 0 0 99 0 2 95 2 6 78 10 0 97 0 2 94 0 4 94 0 4 92 0 2 92 0 5 94 0 0 97 0 5 95 0 12 59 30 3 76 15

1 — 1.33

— 1,637 —

ARTGX 4 BBGNX 4 DODWX 4 FWWFX 7

0 Clsd 1.32 16.01 1,836 O’Keefe/Samra (7.4/7.4) 0 NL 1.25 11.67 150 Hartch/Lombardi (3.3/3.3)

10.5 44,800

6 60 0 0 0 34 44 40

0.65

4.1 47,748 28 47 3 4 10 9.0 22,462 30 52 0 7 7 8.1 44,038 26 49 0 0 6 6.6 18,602 19 33 0 1 2 8.6 36,255 19 51 1 10 9 11.8 33,981 20 65 0 5 6 8.3 45,479 39 54 2 2 1 4.8 32,412 34 51 0 8 6 5.3 64,493 32 50 0 5 5 8.9 4,071 16 61 1 6 10 6.2 38,384 34 43 4 12 4 9.9 3,141 39 48 0 7 3 9.7 32,691 31 47 4 6 3 6.5 12,221 13 64 0 5 13 3.0 72,003 43 42 0 0 2 3.0 71,045 62 20 0 0 6 11.5 45,346 37 54 2 2 1 5.7 20,568 20 49 1 9 13 5.8 8,179 18 52 3 4 17 6.5 31,179 22 53 1 8 11 — 7.6 43,229 28 52 1 6 8 6.1 15,364 84 1 0 0 0 1 1 8 1

4 98 17 2 395 163 3 170 24 1 153 66 3 75 30 1 128 43 1 97 11 0 44 31 0 21 24 3 5714 38 0 88 11 0 97 16 0 79 19

2 NL

12.33 6,596 Management Team

1 NL 0.96 23.98 1,677 DuFour/Kennedy (7.7/9.4) 4 5.75 1.29 34.72 27,228 Management Team

TEDIX

TEQIX

11 57 19 14 5.75 1.11 16.66 6,038 Luh/Tumulty (4.4/11.5)

HLMGX 7 JAWWX 7 MWEFX 7 OAKGX 4 OAKWX 4 OWSMX 5 OPPAX 7 TWEBX 1 TBHDX 1 USAWX 7 VHGEX 4 VMVFX 5 VTWSX 4 TEMIX 1 MAPIX 4 MACSX 1 MCHFX 4 MEASX 5 MINDX 7 MAPTX 7 PRASX 4 VEUSX 4 NEWFX 7 DFEVX 1 HLEMX 7 ODMAX 7 EAEMX 4 PRMSX 7 VEMAX 4 HEMZX 7 LZOEX 4 OPGIX JGVAX 1 TAVFX

3 NL 1.15 33.03 917 Management Team

0.79

3 NL

68.69 2,853 Management Team

0 5.75 1.23 37.25 2,218 Mannheim/Morley (23.2/5.7) 1 Clsd 1.11 30.2 3,573 McGregor/Taylor (11.6/9.7) 0 NL 1.13 16.8 2,153 Herro/Nygren (8.7/8.7) 0 NL 1.14 17.18 5,681 Management Team 2 5.75 1.13 84.13 10,755 Rajeev Bhaman (10.8) 0 5.75 1.18 41.6 3,352 Frank Jennings (19.7) 0 NL 1.01 14.41 278 Management Team 1 NL 1.08 58.87 1,963 Management Team 0 NL 1.38 22.33 637 Management Team 1 NL 1.37 11.12 584 Management Team 3 NL 1.19 28.69 1,236 Mannheim/Morley (12.9/5.7)

0 43 31

0 47

7

0 37 10

1 101

9

0.61

2 772 45

2 NL

25.51 4,655 Management Team

0.3

1 381 49

1 NL 0 NL

11.73 849 Management Team 25.79 7,011 Christine Franquin (2.2)

0.27

2 7132

7

1 — 57 0 78 54 0 74 20 0 62 17 0 56 10

1 — 1.33

— 1,637 —

4 5.75 1.34 22.27 3,221 Brugere- Trelat/Dudley (10.4/8.4)

1.05 1.08 1.13

7.4 9,947 8.3 14,229 4.9 14,964

1 4 0 30 60 3 2 0 6 74 0 0 0 0 92 0 0 0 0 100 0 4 0 0 91 3 2 0 0 94 5 0 0 0 90

5 Clsd

17.4 5,910 Management Team 19.15 4,286 Horrocks/Lowe (6.1/3.4) 26.75 1,152 Management Team

0 86 0 14 NL

1 NL

13.4

938

0 82

8

0 NL 1.48 11.61 171 Harvey/Ishida (2.1/2.1)

1.12 1.08 0.94 0.12

8.3 3,807 5.5 13,627 5.1 24,251

4 50 15 0 71 11 0 85 58

0 NL 1 Clsd 1 NL 1 NL

28.74 1,606 Asnani/Shroff (4.6/8.9) 29.35 9,502 Management Team

17.48 4,718 Ahn Lu (1.0)

6.7 44,638 99 0 0 0 0

0 530

7

70.82 20,815 Gerard O’Reilly (6.7)

— 3.9 19,710

3 1 13 0 61 16 — 67

1 — 1.55

— 1,407 —

1.03 0.55

5.5 21,526 22 11 4 4 32

6 535 32

6 5.75 3 NL

55.78 24,189 Management Team 27.0 18,172 Management Team

3.7 7,316 3.9 19,997 4.2 20,531

0 0 15 0 67 15 2173 6 0 9 0 48 20 80 28 1 0 15 0 54 22 87 12 6

3 NL 1.45 47.24 2,671 Management Team 2 Clsd 1.37 17.8 14,209 Management Team 4 Clsd 1.32 35.83 39,175 Justin Leverenz (8.1) 6 NL 1.36 14.11 4,535 Atwill/Seto (1.0/8.2) 1 NL 1.24 34.25 8,922 Gonzalo Pangaro (6.7)

10.7 21,578 11 0 17 0 50 13 115 26

4.5 7,433 7.6 24,015 4.7 20,244 4.5 29,537

3 1 15 0 44 30 1690 3 0 12 0 64 15 102 23 0 0 14 0 64 19 1017 9 9

0.15

2 NL

35.31 67,277 Michael Perre (6.7)

9 0 20 0 61

5 80 28

0 5.75 1.56 9.69 10,722 Rajiv Jain (9.0)

— 6.6 40,116 16 32 0 5 6 9.2 50,131 27 43 0 1 6 7.0 7,198 10 42 0 5 7 5.7 35,882 12 30 1 9 4 7.0 27,476 15 39 1 13 3 8.7 19,148 12 21 0 8 7 1 2

1 — 58 0 1424 55 3 50 53 0 887 75 1 181 15 1 106 22

0 — 1.3

— 3,066 —

CAIBX APPLX

5 5.75 0.59 60.89 100,439 Management Team

12 62 5 20 NL

1.3 12.9 260 Management Team

MDLOX 4 SGENX 4 IVWAX 4 PGMDX 4

13 54 20 13 5.25 1.13 20.73 55,121 Management Team

18 73 2 39 49 6

7 5.00 1.11 54.57 51,262 Brooker, Jr./McLennan (4.2/6.7) 6 Clsd 1.26 17.91 10,050 de Lardemelle/de Vaulx (6.7/6.7)

7.3 47,517

5 20 1 1 5

1 290 94

15 43 4 38 NL 1.61 11.64 1,098 Mihir Worah (1.3)

Equity Style Box Val BlndGrth

Bold #  Cheapest Quintile

Lrg Mid Sm