(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)

— 16.2 1.9 84,087 y 21

d 14 o 12 — 56 2 97 0 1

6 — 1.1 — 2,446 —

AAGPX 1 14.4 1.6 63,660 y 26 TWEIX 1 16.0 2.3 53,600 s 18 TWVLX 1 15.5 1.8 47,278 y 23 AMRMX 1 16.9 2.3 62,671 p 18 AWSHX 4 16.4 2.2 92,418 p 20 ARTLX 1 14.1 1.5 33,842 a 25 AUXFX 1 15.5 2.1 46,453 s 28 GSFTX 1 16.9 2.7 94,702 y 17 DHLAX 1 16.3 2.0 58,033 y 26 DODGX 4 16.5 2.0 69,099 y 24 BVEFX 1 14.7 2.0 41,051 y 21

d 14 a 12 199 29 4 96 0 0 15 NL

0.94 27.47 11,529 Management Team 0.93 8.75 10,170 Management Team 0.98 8.61 3,712 Management Team 0.59 37.14 35,807 Management Team 0.6 40.95 76,974 Management Team

d 17 y 17 86 57 1 76 2 22 o 15 d 13 140 49 2 97 0 1 d 17 a 11 237 16 3 93 1 3 y 14 o 12 167 19 1 97 0 2

7 NL 7 NL

6 5.75 8 5.75

y 20 o 18 38 53 10 85 0 5 10 NL d 22 y 19 125 9 10 90 0 1 14 NL

1.04 13.08 1,436 Management Team

1.25 20.56 0.93 18.81

290 J. Jeffrey Auxier (15.4) 361 Management Team

a 16 p 14 59 41 1 99 0 0 d 16 a 13 87 19 3 96 0 1 d 16 p 12 52 21 1 99 0 0

2 NL 4 NL

0.77 18.95 9,170 Management Team

0 5.00 1.05 22.71 3,292 Management Team

0.52 180.94 60,275 Management Team 1.02 35.08 6,558 Bruce Berkowitz (15.0) 0.65 26.77 5,606 Scott Offen (3.2) 0.66 59.37 9,421 Management Team

a 22 d 19 73 15 1 99 0 0 13 NL

1 10.2 0.6 44,319 y 84 1 16.5 2.2 69,997 y 22 1 15.7 2.0 53,561 y 24 1 15.0 1.6 41,162 y 22

t 8 u 7 33 16 5 80 9 7

FAIRX FEQTX FEQIX TESIX

0 NL

d 15 o 12 141 86 1 98 0 0 11 NL

p 13 o 13 252 43 5 90 1 4

8 NL

d 16 a 12 162 24 8 84 4 5 23 5.75 1.09 29.29 16,684 Management Team

GOODX 2 17.4 1.4 9,147 y 35 ACSTX 1 15.2 1.7 61,383 y 25

a 24 o 17 33 12 13 74 0 12 16 NL

1.1 23.75

345 Pitkowsky/Trauner (3.7/3.7)

o 16 d 16 84 11 2 98 0 0 12 5.50 0.82 25.52 13,518 Management Team d 13 a 13 94 31 2 98 0 0 12 5.50 0.84 26.54 9,447 Management Team

1 16.3 1.7 55,850 y 29 4 17.7 2.0 57,514 y 21 4 17.4 2.0 65,640 y 23 4 16.5 1.9 65,157 d 24

ACGIX ICAEX ICSLX

d 18 t 16 43 58 3 97 0 0 11 NL

0.9 51.3 1,171 Management Team 0.9 45.94 4,747 Management Team

d 22 t 15 32 65 1 99 0 0

6 NL

y 22 a 10 87 34 5 95 0 0 11 NL

JPLTX

0.85 16.31

144 Perkins/Preloger (6.0/6.0)

0.35 15.29 4,615 Hong/Juwono (2.8/1.8) 0.93 48.79 2,339 Management Team

SFLNX 1 15.6 2.1 56,927 o 16 SSHFX 4 17.1 1.6 45,715 y 24 PRFDX 1 15.7 1.8 46,798 y 19

a 13 d 12 634 14 1 99 0 0

1 NL

d 19 a 15 41 44 3 97 0 0 13 NL o 15 p 14 116 10 10 89 1 1 d 20 p 14 112 44 1 99 0 0 a 17 p 13 54 17 2 98 0 0 a 19 p 16 34 14 11 89 0 0 s 15 y 12 398 12 1 99 0 0 d 15 p 12 202 57 1 99 0 0 d 16 p 12 318 25 0 100 0 0 t 19 a 18 — 69 2 98 0 0 p 28 t 19 35 30 1 96 3 0 p 19 a 15 99 73 0 100 0 0 t 22 d 18 76 55 4 96 0 0 t 21 d 16 66 11 0 100 0 0 p 20 a 12 101 13 1 97 0 1 a 22 p 20 55 45 1 99 0 0 y 16 p 16 58 52 0 98 0 2 y 16 a 15 52 20 0 100 0 0 a 18 t 14 287 18 0 100 0 0 t 24 p 18 40 8 4 96 0 0 t 17 a 14 183 27 8 92 0 0 d 17 a 13 271 27 2 98 0 0 10 NL a 17 d 16 140 38 3 97 0 0 13 NL 4 NL 4 NL 1 NL 4 NL t 22 p 13 58 63 0 100 0 0 11 NL 6 NL 1 NL 8 NL 6 NL 4 NL 6 NL p 35 a 11 34 8 4 95 0 0 10 NL 5 NL 4 NL 8 NL 0 NL a 14 d 13 184 33 2 97 0 1 11 NL 1 NL 0 NL 1 NL

0.67

32.8 30,298 Brian Rogers (29.2)

1 15.3 1.8 44,306 y 22 1 16.9 2.0 44,977 y 24

TRVLX

0.84 34.65 22,464 Mark Finn (5.0)

TGIGX

1.11 17.43 1,181 Diane Jaffee (13.1)

TORYX 1 16.5 2.2 45,382 y 22

1.15 48.11

424 Fialco/Torray (6.7/24.0)

0.3 31.21 18,945 Management Team 0.19 27.22 14,722 Michael Perre (8.1) 0.3 17.59 1,184 Management Team 0.09 32.94 36,200 Gerard O’Reilly (20.0) 0.36 37.31 51,388 Management Team 0.37 21.46 18,480 Management Team

1 15.4 2.3 85,829 y 16

VEIPX

VHDYX 1 16.5 2.4 94,700 a 19 VUVLX 1 14.4 1.8 32,960 y 25

1 15.9 1.9 75,670 y 22

VVIAX

VWNFX 1 14.3 1.8 62,015 y 22 VWNDX 1 15.7 1.8 34,024 y 25

— 23.1 3.5 9,108 p 19

5 — 1.29 — 1,269 —

AKREX 7 25.4 3.4 18,112 y 29 TWHIX 8 24.2 4.3 11,733 t 21 ARTMX 8 26.8 4.1 11,476 a 31 BARAX 8 25.1 3.7 8,902 p 24 BGRFX 8 24.0 3.0 3,976 t 23 BUFMX 8 26.8 3.2 6,470 t 29 CIPMX 5 19.9 2.7 7,341 d 26 ACTWX 8 21.2 2.6 5,308 p 25 ACRNX 8 21.8 2.7 3,763 p 27 FAMVX 8 19.9 2.4 10,806 y 31 FMCSX 8 20.3 2.6 6,867 p 18 BIOPX 8 41.8 4.3 6,569 a 42

1.35 22.55 3,660 Management Team 1.0 23.52 5,736 Hollond/Walsh (7.8/6.8)

2 Clsd 1.29 45.44 9,949 Management Team

1.32 63.75 2,828 Andrew Peck (11.4) 1.3 72.27 8,134 Ronald Baron (20.0)

1.37 18.22 1.01 17.45 1.3 14.21 1.03 22.28

441 Michael Lippert (8.8)

562 Gasaway/Male (13.0/13.0) 682 Management Team 672 Robert Chalupnik (3.7)

0.79 31.95 16,051 Frank/Mohn (1.0/11.0)

1.2 66.58

957 Fox/Putnam (14.7/28.0)

0.81 38.39 8,996 John Roth (3.8)

8 19.2 3.0 5,048 t 40

FPPFX

0.96 53.5

330 Ende/Herr (15.3/1.4)

HFCSX 8 21.4 2.9 12,600 t 37

y 29 u 20 25 18 12 88 0 0

5 NL

1.44 67.35 1,582 Management Team

16.0 1.8 53,382 21.4 4.2 11,680

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