(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)

— 17.9 1.6 2,704 y 23

p 17 t 14 — 70 4 96 0 0 p 20 r 14 139 29 5 94 0 1 p 18 t 16 592 73 6 94 0 0 t 19 p 14 187 78 0 99 0 1 a 18 o 12 99 31 7 93 0 0 y 23 a 13 79 128 2 97 0 1 p 25 d 10 69 16 21 79 0 0 p 18 a 12 66 26 0 98 0 2 p 19 t 17 90 62 3 97 0 0 t 18 p 16 281 36 7 92 0 1 a 24 y 12 68 38 1 98 0 1 y 22 a 15 63 40 2 96 0 2 p 17 t 14 825 12 0 100 0 0

3 — 1.31 — 936 —

PNVDX 3 13.9 1.6 2,428 y 23 AVPAX 3 16.5 1.5 1,994 y 26

5 Clsd 1.18 27.0 6,085 Management Team

6 NL

1.17 24.96 5,973 Management Team 1.3 9.24 1,818 John/Lewis (3.1/0.7)

6 18.5 1.7 1,395 y 23

ASVIX

6 Clsd

ARTVX 3 17.4 1.3 1,388 p 34 DASCX 3 16.0 1.6 1,283 p 30 DHSCX 6 16.9 1.7 2,843 y 29 JSCVX 6 18.9 2.0 2,536 y 22 RYPNX 3 18.2 1.4 761 a 34 RYVFX 3 14.6 1.5 2,143 t 31 TASCX 6 19.0 1.6 2,173 p 28 AACTX 4 17.5 2.5 57,217 d 16 ABALX 4 18.0 2.6 99,896 y 18 AMECX 1 18.8 2.7 60,469 d 16 ARBFX 5 22.6 2.5 8,387 d 23 MOBAX 7 23.0 4.3 74,453 d 29 FCPVX 3 16.0 1.5 2,170 y 28 VSIAX 3 17.8 1.7 3,032 y 19 — 1.9 0.2 2,978 — —

1 Clsd 1.23 13.83

836 Management Team 153 Steven Roth (7.0)

0 NL

1.26 15.62

3 5.00 1.32 33.45 1,591 Management Team 3 Clsd 1.09 19.35 2,828 Janssen/Myers (2.4/7.1)

0.83 22.21 1,725 Management Team 1.15 13.55 2,011 Hench/Zaino (11.2/17.2)

1 NL 3 NL 3 NL 4 NL 1 NL

1.45 11.88

752 Jay Kaplan (11.5)

1.1 24.13

449 Bui/Rewey, III (2.5/1.0)

0.09 46.34 17,244 Michael Buek (17.1)

— — — — — 28 11 55 31 3 22 — 1.27 — 1,765 — a 14 p 13 21 4 7 53 36 3 21 5.75 0.71 11.66 5,519 Management Team

p 14 a 14 1396 68 7 62 29 2

9 5.75 0.59 24.56 81,756 Management Team

p 14 a 12 1695 47 5 71 21 4 21 5.75 0.57 21.18 96,468 Management Team

t 15 a 14 86 462 31 68 0 1 12 NL

1.44 12.79 2,062 Management Team

s 26 a 13 72 27 10 58 32 0 y 13 p 12 102 45 37 25 21 18 y 22 p 13 119 33 4 60 7 30 y 17 d 16 537 70 7 34 11 48

2 NL

1.36 23.43

23 Canakaris/Donahue (20.7/2.3)

2 16.3 1.7 6,416 a 30

BERIX

6 NL

0.64 13.33 2,213 Management Team

CVTRX 4 17.6 2.6 129,469 a 23

0 4.75 1.09 31.66 2,797 Management Team

1.11 13.08 3,950 Management Team 0.53 101.79 15,622 Management Team 0.56 23.21 28,931 Management Team 0.22 37.98 4,299 Dierdorf/Sharpe (6.4/6.0) 0.56 21.92 25,652 Management Team 0.77 9.01 1,147 Management Team 1.11 33.74 20,025 Management Team

4 17.7 2.5 80,143 a 18

CVSIX

0 4.75

DODBX 4 16.9 1.9 66,407 y 24

a 22 d 18 400 23 1 67 31 1 11 NL

7 19.6 2.5 41,949 a 18

d 16 y 15 1198 176 4 67 26 3

FBALX

8 NL

FFNOX 4 18.2 2.2 39,003 y 17 FPURX 7 20.3 2.7 58,239 d 20 FSRRX 5 34.7 2.0 7,183 u 99

a 14 d 13 4 8 2 84 14 0 27 NL a 18 y 17 1211 160 3 73 23 0 11 NL

r 1 y 0 392 18 1 14 31 54

1 NL

4 17.0 1.7 49,846 a 33 1 16.5 1.9 64,597 f 21

y 20 d 13 129 31 38 51 8 3 13 NL

FPACX FKINX

o 17 r 16 679 36 4 48 39 10 20 4.25 0.61 2.33 93,364 Management Team

0.94

GATEX 4 18.4 2.6 75,175 a 19 GRSPX 3 19.5 1.9 2,694 p 36

d 15 y 15 281 13 1 99 0 0 a 22 t 10 102 50 4 69 27 0 d 14 a 12 440 60 12 65 16 8 d 17 y 17 429 72 1 56 39 3

1 5.75

29.8 8,059 Management Team

2 NL

0.9 24.86

472 Charles Carlson (32.0)

1 16.2 1.7 60,768 y 31

ACEIX

9 5.50

0.8 10.41 14,013 Management Team 0.83 30.56 13,277 Pinto/Smith (10.2/10.2)

JABAX 4 16.7 3.7 72,614 t 17 LCORX 4 14.3 2.3 16,771 a 22 MAPOX 1 17.8 2.9 46,273 p 24 EXDAX 4 20.3 2.8 36,585 t 18 MNBAX 7 21.1 2.7 23,976 t 23 EXBAX 7 21.3 2.7 23,871 t 23 MERFX 4 19.8 2.2 17,828 t 21 MSFRX 1 16.7 2.3 63,784 y 22 OAKBX 4 15.7 2.1 36,146 y 26 PAXWX 7 19.3 2.8 50,547 a 19

9 NL

d 22 t 20 295 81 27 57 15 1 16 NL

1.19 18.75

855 Management Team

d 19 y 18 340 5 3 63 34 0

3 NL

0.73 85.07

717 Earley/Kaliebe (0.5/9.5)

a 16 p 11 770 45 6 33 61 1 15 NL a 18 d 10 704 65 6 58 35 1 19 NL a 18 d 10 750 53 5 44 50 0 16 NL

0.89 13.29 1,553 Management Team 1.06 16.86 1,590 Management Team 1.06 13.43 1,681 Management Team 1.27 15.74 5,223 Behren/Shannon (8.4/8.4)

i 16 r 12 184 137 37 56 2 5

7 NL

d 16 p 12 801 35 3 59 37 1 10 5.75 0.75 18.21 7,017 Management Team

p 17 t 17 285 18 16 64 14 7 d 18 y 16 323 52 4 64 32 0

8 NL 4 NL

0.74 32.22 20,298 Management Team 0.93 23.46 1,950 Management Team 0.76 39.15 4,507 Michael Cuggino (12.2)

4 24.1 2.0 22,235 u 26

r 19 a 13 118 17 13 33 28 26 13 NL y 16 t 15 45 75 -51 -17 113 55 47 NL

PRPFX

1.63

PAUDX 4 17.4 2.2 18,908 s 20

8.95 16,788 Robert Arnott (11.7)

18.2 1.3 1,379 18.3 2.5 72,801

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