(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 2.0 84,152 y 21

d 14 a 11 — 57 2 97 0 1 d 14 a 14 65 22 0 99 0 1

6 — 1.09 — 2,388 —

PNBDX 1 14.1 1.8 61,156 y 28 AAGPX 1 15.0 1.7 59,029 y 27 TWEIX 1 18.6 2.3 53,542 s 18 TWVLX 1 17.0 1.8 49,487 y 23 AMRMX 1 17.4 2.7 66,196 p 18 AWSHX 4 18.2 2.6 84,517 p 17 ARTLX 1 14.4 1.3 30,142 a 28 AUXFX 1 17.8 2.4 49,890 s 27 GSFTX 4 17.6 2.7 88,600 y 17 DHLAX 1 16.1 2.0 58,992 y 27 DODGX 4 17.1 1.9 69,571 y 25 BVEFX 4 18.1 2.0 37,678 y 20

7 NL

1.11 21.85

620 Management Team

d 15 o 11 210 29 4 96 0 0 15 NL

0.94 27.84 11,401 Management Team 0.93 8.63 9,268 Management Team 0.97 8.45 3,636 Management Team 0.59 36.85 36,595 Management Team

o 17 y 17 83 56 1 75 2 22 o 15 d 13 138 45 3 97 0 0 d 18 a 12 232 16 3 93 1 3 y 16 d 14 192 24 1 97 0 1

6 NL 5 NL

8 5.75

0.58

6 5.75

40.9 77,825 Management Team

y 21 r 14 39 53 8 92 0 0 15 NL d 25 y 19 117 9 6 94 0 0 13 NL a 16 p 14 58 41 3 97 0 0 d 15 p 14 89 27 2 98 0 0 d 17 a 14 52 24 1 99 0 0 t 15 u 10 33 2 13 75 2 10 d 14 o 12 121 52 4 96 0 0 p 13 d 12 187 40 5 93 0 1 a 21 d 18 67 17 1 99 0 0 10 NL 4 NL 9 NL 9 NL a 15 d 15 149 19 7 87 4 2 20 5.75 o 19 a 15 26 37 0 71 0 29 12 NL 3 NL 3 NL

0.98 12.81 1,189 Management Team

1.14 20.87 0.78 18.72

270 J. Jeffrey Auxier (16.0) 385 Management Team

0.77 18.95 8,789 Management Team

0 5.00 1.04 23.39 3,502 Management Team

0.52 182.51 59,870 Management Team 1.06 35.92 5,346 Bruce Berkowitz (15.6) 0.63 26.78 5,362 Scott Offen (3.7) 0.69 57.76 8,898 Management Team

1 10.6 0.9 31,096 y 74 1 16.3 2.0 67,401 y 26 1 15.6 1.8 54,288 y 27 1 16.2 1.6 40,507 y 25

FAIRX FEQTX FEQIX

TESIX

1.1 30.28 16,347 Management Team

GOODX 2 23.6 1.1 4,639 y 32 ACSTX 1 15.7 1.6 59,034 y 28

1.1 21.85

277 Pitkowsky/Trauner (4.2/4.2)

o 15 t 15 84 17 3 97 0 0 12 5.50 0.82 25.65 13,598 Management Team d 14 a 12 90 31 3 97 0 0 11 5.50 0.84 27.26 9,016 Management Team

1 16.5 1.6 61,915 y 32

ACGIX

JVAAX 1 16.0 1.7 29,246 y 31

t 17 d 11 119 36 9 91 0 0

1 5.25 1.27 30.11 11,562 Management Team

4 18.8 2.2 55,413 y 23 4 18.2 2.2 67,130 y 22 1 17.6 2.1 70,798 y 23

t 16 d 15 44 58 1 99 0 0 10 NL

ICAEX ICSLX JPLTX

0.89 52.66 1,034 Management Team 0.9 46.87 4,205 Management Team

d 20 a 16 31 65 2 98 0 0 d 23 s 14 76 34 6 94 0 0 d 13 a 13 645 14 2 98 0 0 t 14 p 13 115 10 3 96 1 1 d 22 p 15 105 54 1 99 0 0 p 16 a 15 55 17 0 100 0 0 p 19 a 18 36 16 13 87 0 0 s 14 a 13 437 12 1 99 0 0 d 16 p 12 214 57 1 99 0 0 d 17 s 11 319 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 19 72 55 4 96 0 0 d 20 a 18 65 11 0 99 0 0 p 20 a 12 92 13 1 98 0 1 t 18 p 12 56 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 17 y 15 45 17 0 100 0 0 a 17 d 14 184 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

7 NL 7 NL 1 NL

0.85 16.45

169 Perkins/Preloger (6.6/6.6)

0.35 15.29 5,030 Management Team 0.92 49.3 2,358 Management Team 0.66 31.86 27,096 Brian Rogers (29.7) 0.82 35.13 23,035 Mark Finn (5.6) 1.14 17.16 1,097 Diane Jaffee (13.7)

SFLNX 1 17.0 2.1 57,703 o 14 SSHFX 1 16.1 1.8 44,892 y 27 PRFDX 1 16.7 1.8 47,115 y 21

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

4 NL 4 NL 7 NL 2 NL 1 NL 0 NL 1 NL 9 NL

1 15.1 1.8 47,477 y 24 1 16.1 2.0 45,019 y 25

TRVLX TGIGX

TORYX 1 15.3 1.9 42,572 y 22

1.15 47.53

409 Fialco/Torray (7.2/24.6)

0.29 31.12 18,797 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 26.93 15,260 Michael Perre (8.7) 0.29 17.81 1,263 Management Team 0.09 32.84 37,789 Gerard O’Reilly (20.6) 0.36 37.62 48,887 Management Team 0.38 21.88 18,457 Management Team 1.35 23.98 4,067 Management Team 1.0 25.68 5,932 Hollond/Walsh (8.4/7.4) 1.2 49.01 9,651 Management Team 1.31 67.61 2,784 Andrew Peck (12.0) 1.29 75.63 7,869 Ronald Baron (20.6)

VHDYX 1 16.7 2.3 73,362 y 15 VUVLX 1 15.7 1.8 32,283 y 24

1 16.0 1.9 72,425 y 23

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

— 24.5 3.7 9,597 t 19

5 — 1.27 — 1,328 —

AKREX 7 26.4 3.2 17,525 y 29 TWHIX 8 25.9 4.3 12,443 a 21 ARTMX 8 29.5 4.8 13,413 a 29 BARAX 8 29.3 4.4 9,492 p 24 BGRFX 8 25.5 3.4 4,424 t 24 BUFMX 8 27.0 3.4 7,415 t 27 CIPMX 8 21.7 2.8 6,787 d 21 ACTWX 8 23.8 3.0 5,091 p 25 ACRNX 8 23.1 2.8 3,790 p 27 BIOPX 8 52.4 4.6 9,821 a 44

4 NL 6 NL

3 Clsd

1 NL 3 NL 9 NL 6 NL 0 NL 5 NL 3 NL 7 NL 4 NL

1.35 19.67 1.01 19.13 1.3 14.89 0.84 21.62

377 Michael Lippert (9.4) 573 Carlsen/Male (0.5/13.6) 679 Management Team

581 Chalupnik/Szafranski (4.2/0.2)

0.79 32.16 11,323 Management Team

8 21.0 2.9 6,428 a 32

ETGLX

1.45 29.18 2,087 Barksdale/Kuruvilla (4.7/7.1)

FAMVX 8 20.7 2.4 10,765 y 30

1.18 68.33

995 Fox/Putnam (15.2/28.6)

17.1 1.7 51,827 22.5 4.5 11,758

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