(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)

— 17.7 1.5 2,559 y 23

p 17 t 14 — 69 3 96 0 0 p 19 r 15 141 29 5 94 0 1 p 18 t 16 598 73 4 96 0 0 t 19 p 14 187 78 0 99 0 1 a 18 r 10 99 31 9 91 0 0 y 24 a 11 81 128 2 98 0 0 p 25 d 11 71 16 19 81 0 0 p 18 a 12 66 26 0 98 0 2 p 19 t 15 86 62 5 95 0 0 t 18 p 18 275 36 4 95 0 2 a 24 p 15 65 38 1 98 0 1 y 22 a 15 63 40 2 96 0 2 p 17 t 14 838 12 0 100 0 0

2 — 1.31 — 925 —

PNVDX 3 13.7 1.6 2,360 y 24 AVPAX 3 16.7 1.6 2,026 y 26

5 Clsd 1.18 26.33 5,754 Management Team

5 NL

1.17 24.43 5,842 Management Team

6 18.5 1.7 1,395 y 23

ASVIX

6 Clsd 1.25 9.1 1,788 John/Lewis (3.2/0.7)

ARTVX 3 18.3 1.3 1,444 p 34 DASCX 3 16.3 1.6 1,343 p 28 DHSCX 6 16.7 1.7 2,864 y 29 JSCVX 6 20.1 1.8 2,342 y 25 RYPNX 3 19.0 1.4 750 a 32 RYVFX 3 14.1 1.5 1,562 t 33 TASCX 6 19.0 1.6 2,173 p 28 AACTX 4 18.3 2.6 58,475 d 17 ABALX 4 18.0 2.4 104,497 y 20 AMECX 1 18.2 2.4 60,875 d 15 ARBFX 8 25.6 2.4 6,915 t 19 MOBAX 7 23.1 3.8 74,042 d 31 FCPVX 3 16.0 1.5 2,170 y 28 VSIAX 3 17.6 1.6 2,928 y 20 — 1.9 0.2 2,953 — —

1 Clsd 1.23 13.35

639 Management Team 160 Steven Roth (7.1)

0 NL

1.25 15.19

2 5.00 1.32 33.19 1,587 Management Team 3 Clsd 1.09 19.44 2,828 Janssen/Myers (2.5/7.2)

0.83 22.13 1,703 Management Team 1.15 12.74 1,866 Hench/Zaino (11.2/17.3)

1 NL 3 NL 3 NL 4 NL 1 NL

1.45 11.5

698 Jay Kaplan (11.6)

1.1 23.65

435 Bui/Rewey, III (2.6/1.1)

0.09 45.87 17,176 Michael Buek (17.2)

— — — — — 28 12 55 29 3 19 — 1.27 — 1,752 — a 13 y 13 21 4 8 53 36 3 21 5.75 0.71 11.78 5,790 Management Team

a 15 d 13 1417 68 7 61 30 2

8 5.75 0.59 25.02 83,460 Management Team

p 14 a 13 1699 47 5 70 20 4 21 5.75 0.57 21.31 97,000 Management Team

d 19 i 14 77 514 41 58 0 1 13 NL

1.44 12.78 2,063 Management Team

s 25 a 14 73 27 10 58 31 0 d 12 y 11 101 45 38 24 21 16 y 21 d 16 122 33 2 64 7 27 y 17 d 15 538 70 7 33 11 49

2 NL

1.36 24.17

25 Canakaris/Donahue (20.7/2.4)

2 16.9 1.7 5,975 a 32

BERIX

6 NL

0.64 13.29 2,116 Management Team

CVTRX 4 16.3 2.6 118,961 a 22

0 4.75 1.09 32.23 2,706 Management Team

1.11 13.15 3,930 Management Team 0.53 102.71 15,383 Management Team 0.56 23.36 28,931 Management Team 0.22 38.56 4,299 Dierdorf/Sharpe (6.5/6.1) 0.56 22.05 25,652 Management Team 0.77 8.79 1,147 Management Team 1.11 33.68 19,617 Management Team

4 17.9 2.6 82,045 a 19

CVSIX

0 4.75

DODBX 4 17.1 1.9 69,850 y 25

a 21 d 18 386 23 2 68 30 1 10 NL

7 19.3 2.5 41,107 a 18

d 16 y 15 1201 176 3 68 26 3

FBALX

8 NL

FFNOX 4 18.3 2.2 39,125 y 17 FPURX 7 20.0 2.6 57,731 d 20 FSRRX 5 33.1 2.0 6,815 u 99

a 14 d 14 4 8 2 84 14 0 27 NL a 19 y 18 1217 160 2 73 24 0 11 NL

r 1 y 0 385 18 0 13 31 55

1 NL

4 17.2 1.6 50,546 a 32 1 16.3 1.7 64,224 f 22

y 22 d 13 122 31 36 52 9 4 11 NL

FPACX FKINX

o 18 r 16 635 36 3 51 37 9 21 4.25 0.61 2.29 90,014 Management Team

0.94

GATEX 4 18.6 2.6 76,816 a 19 GRSPX 3 20.0 1.7 2,574 p 35

d 16 y 15 280 13 2 98 0 0 a 21 t 11 102 50 4 72 24 0 d 14 a 12 445 60 13 65 16 7 y 18 a 18 458 72 3 55 40 3

0 5.75

30.2 8,086 Management Team

2 NL

0.9 24.0

438 Charles Carlson (32.1)

1 16.4 1.6 61,939 y 33

ACEIX

8 5.50

0.8 10.52 14,135 Management Team 0.83 30.9 13,101 Pinto/Smith (10.2/10.2)

JABAX 7 17.9 3.2 74,571 d 20 LCORX 4 14.9 2.3 14,757 d 25 MAPOX 1 17.5 2.7 45,370 p 24 EXDAX 4 20.4 2.6 35,221 t 20 MNBAX 7 21.7 2.7 23,399 t 25 EXBAX 7 21.7 2.6 23,311 t 25 MERFX 4 19.8 2.2 17,828 t 21 MSFRX 1 16.3 2.2 61,918 y 23 OAKBX 1 15.8 2.0 36,262 y 28 PAXWX 7 19.3 2.8 50,547 a 19

9 NL

t 20 y 19 305 81 21 63 15 1 13 NL

1.19 18.87

867 Management Team

d 19 y 18 335 5 2 64 33 0

3 NL

0.73 85.71

715 Earley/Kaliebe (0.6/9.6)

a 16 p 11 772 45 8 32 59 1 16 NL a 18 d 11 700 65 6 58 36 1 19 NL a 17 d 10 744 53 6 43 50 0 17 NL

0.89 13.31 1,536 Management Team 1.06 16.86 1,583 Management Team 1.06 13.42 1,673 Management Team 1.27 15.71 5,224 Behren/Shannon (8.5/8.5)

i 16 r 12 184 137 37 56 2 5 d 16 p 12 798 35 3 58 38 1 p 19 t 16 287 18 17 63 14 6 d 18 y 16 323 52 4 64 32 0

7 NL

9 5.75 0.73 18.41 7,090 Management Team

7 NL 4 NL

0.74 31.96 19,798 Management Team 0.93 23.71 1,950 Management Team 0.76 38.33 4,175 Michael Cuggino (12.2)

4 23.6 1.8 22,052 u 26

r 19 a 12 115 17 13 33 28 27 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

8.76 15,967 Robert Arnott (11.7)

18.2 1.3 1,359 18.7 2.5 74,306

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