(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)

— 17.0 2.1 83,547 y 20

d 14 a 11 — 56 2 97 0 1 d 14 a 14 61 22 0 99 0 1

6 — 1.09 — 2,399 —

PNBDX 1 14.4 1.7 60,868 y 28 AAGPX 1 15.0 1.7 58,805 y 26 TWEIX 1 18.6 2.3 53,542 s 18 TWVLX 1 17.0 1.8 49,487 y 23 AMRMX 1 17.9 3.0 63,655 d 19 AWSHX 4 18.2 2.9 88,221 p 19 ARTLX 1 15.4 1.4 25,712 a 23 AUXFX 1 17.8 2.4 49,890 s 27 GSFTX 4 18.3 2.9 91,686 y 16 DHLAX 1 16.1 2.1 59,115 y 26 DODGX 4 16.9 1.9 65,810 y 24 BVEFX 4 18.1 2.0 37,678 y 20

9 NL

1.11 21.64

618 Management Team

d 14 o 12 209 29 4 96 0 0 15 NL o 17 y 17 83 56 1 75 2 22 o 15 d 13 138 45 3 97 0 0 p 18 a 10 254 16 7 89 1 3 d 14 y 14 184 19 3 96 0 1 y 19 o 18 38 53 7 88 0 5 a 16 p 14 58 41 3 97 0 0 d 15 p 14 92 19 2 98 0 0 d 17 a 15 51 24 0 100 0 0 t 15 u 10 33 2 13 75 2 10 d 16 o 12 126 52 4 96 0 0 p 13 d 12 215 40 6 92 0 2 d 25 y 19 117 9 6 94 0 0 13 NL 3 NL 4 NL a 22 d 18 69 17 0 100 0 0 11 NL 4 NL 8 NL 9 NL d 16 a 13 152 19 9 84 3 4 18 5.75 a 16 o 15 27 37 0 68 0 32 12 NL 6 NL 5 NL 5 5.75 7 5.75 8 NL

0.94 27.77 11,417 Management Team 0.93 8.52 9,283 Management Team 0.98 8.48 3,656 Management Team 0.59 36.39 36,102 Management Team 0.58 40.19 76,632 Management Team 0.98 13.23 1,253 Management Team

1.25 20.5 0.93 18.96

267 J. Jeffrey Auxier (15.9) 386 Management Team

0.77 18.48 8,717 Management Team

0 5.00 1.04 23.11 3,405 Management Team

0.52 180.47 61,052 Management Team 1.06 34.76 5,367 Bruce Berkowitz (15.5) 0.63 26.51 5,362 Scott Offen (3.7) 0.69 57.78 8,898 Management Team

1 10.6 0.9 31,096 y 74 1 17.0 2.1 68,965 y 25 1 16.2 2.0 56,033 y 27 1 15.9 1.7 39,649 y 24

FAIRX FEQTX FEQIX

TESIX

1.1 29.94 16,810 Management Team

GOODX 2 17.3 0.9 4,198 y 37 ACSTX 1 15.7 1.6 58,131 y 26

1.1 23.34

300 Pitkowsky/Trauner (4.2/4.2)

o 16 t 16 82 11 6 94 0 0 13 5.50 0.82 25.56 13,560 Management Team d 15 a 12 92 31 2 98 0 0 12 5.50 0.84 26.91 8,983 Management Team

1 16.3 1.7 61,280 y 31

ACGIX

JVAAX 1 16.2 1.8 30,128 y 31

t 17 d 11 118 36 7 93 0 0 t 16 a 16 42 58 3 97 0 0 d 20 a 16 31 65 2 98 0 0

1 5.25 1.27 29.84 11,283 Management Team

4 18.0 2.2 53,321 y 21 4 17.6 2.2 66,795 y 21 1 17.8 2.2 67,790 d 27

ICAEX ICSLX JPLTX

8 NL 7 NL

0.89 52.29 1,025 Management Team 0.9 46.62 4,203 Management Team

y 22 s 11 81 34 4 96 0 0 10 NL

0.85 16.05

175 Perkins/Preloger (6.5/6.5)

0.35 15.21 5,099 Management Team 0.92 48.83 2,344 Management Team

SFLNX 1 17.2 2.2 57,318 o 14 SSHFX 1 16.1 1.8 44,892 y 27 PRFDX 1 16.5 2.0 45,007 y 19

d 13 a 13 624 14 1 98 0 1

0 NL

a 22 d 14 39 47 5 95 0 0 11 NL

0.66

t 15 p 13 119 10 4 94 1 1 d 21 p 17 114 54 1 99 0 0 a 18 p 13 55 17 0 100 0 0 p 19 a 18 34 16 12 88 0 0 y 14 a 14 438 12 0 100 0 0 d 16 p 12 214 57 1 99 0 0 d 17 a 11 317 6 0 100 0 0 d 17 a 14 270 27 3 97 0 0 a 19 p 18 — 69 2 98 0 0 p 29 t 18 40 30 0 92 5 3 t 20 p 18 103 73 0 99 0 1 t 20 d 16 72 55 3 97 0 0 d 19 a 17 66 11 1 99 0 0 p 21 a 12 91 13 1 98 0 1 t 18 p 11 59 63 0 99 0 1 a 23 p 21 55 12 1 99 0 0 a 17 y 17 58 52 4 96 0 0 a 19 y 14 46 17 0 100 0 0 a 17 t 13 187 17 0 100 0 0 d 22 t 17 78 17 18 81 0 0 t 23 p 17 41 6 7 93 0 0

5 NL 3 NL 8 NL 2 NL 1 NL 0 NL 1 NL 9 NL

32.0 28,287 Brian Rogers (29.7)

1 14.6 1.9 44,755 y 23 1 16.6 2.1 46,231 y 24

TRVLX TGIGX

0.82 35.07 23,527 Mark Finn (5.5) 1.14 17.03 1,079 Diane Jaffee (13.6)

TORYX 1 15.8 2.0 43,990 y 22

1.15 47.55

411 Fialco/Torray (7.2/24.5)

0.29 30.67 19,408 Management Team

1 17.2 2.5 78,291 y 17

a 13 p 13 188 33 2 98 0 0 10 NL

VEIPX

0.18 26.67 15,353 Michael Perre (8.6) 0.29 17.71 1,291 Management Team 0.09 32.53 38,222 Gerard O’Reilly (20.5) 0.36 37.25 50,592 Management Team 0.38 21.84 18,818 Management Team 1.35 23.55 3,966 Management Team 1.0 25.26 5,863 Hollond/Walsh (8.3/7.3) 1.2 47.93 9,641 Management Team 1.31 66.4 2,796 Andrew Peck (11.9) 1.29 74.76 7,898 Ronald Baron (20.5)

VHDYX 1 17.3 2.5 75,474 s 14 VUVLX 1 15.7 1.8 32,283 y 24

1 16.4 2.0 74,785 y 22

VVIAX

VWNFX 1 15.2 1.9 62,409 y 22 VWNDX 1 15.9 1.8 34,973 y 26

a 18 d 17 139 38 2 97 0 1 15 NL

— 24.7 4.0 9,661 t 19

5 — 1.27 — 1,321 —

AKREX 7 26.4 3.2 17,525 y 29 TWHIX 8 25.9 4.3 12,443 a 21 ARTMX 8 28.0 4.6 13,165 a 34 BARAX 8 29.6 4.3 9,364 p 25 BGRFX 8 25.9 3.4 4,466 t 23 BUFMX 8 27.0 3.4 7,415 t 27 CIPMX 8 21.7 2.8 6,787 d 21 ACTWX 8 23.9 3.1 5,220 p 23 ACRNX 8 23.0 2.8 3,858 p 28 BIOPX 8 56.0 4.8 8,210 a 44

4 NL 6 NL

5 Clsd

1 NL 4 NL 8 NL 6 NL 0 NL 6 NL 3 NL 7 NL 4 NL

1.35 19.49 1.01 18.88 1.3 15.11 0.84 21.88

379 Michael Lippert (9.3) 567 Carlsen/Male (0.5/13.5) 696 Management Team

599 Chalupnik/Szafranski (4.2/0.2)

0.79 32.44 11,883 Management Team

8 21.0 2.9 6,428 a 32

ETGLX

1.45 29.19 1,934 Barksdale/Kuruvilla (4.7/7.0)

FAMVX 8 20.7 2.4 10,765 y 30

1.18 67.25

995 Fox/Putnam (15.2/28.5)

16.8 1.7 51,406 22.4 4.4 11,552

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