(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)

— 16.7 1.8 82,079 y 21

d 14 a 11 — 57 2 97 0 1 d 14 a 13 65 26 0 99 0 1

6 — 1.09 — 2,392 —

PNBDX 1 13.7 1.6 58,100 y 30 AAGPX 1 14.6 1.6 58,120 y 28

7 NL

1.11 20.41

620 Management Team

d 14 o 11 210 29 3 96 0 0 15 NL

0.94 25.91 11,401 Management Team 0.93 8.31 9,268 Management Team 0.97 8.01 3,636 Management Team 0.59 34.81 36,588 Management Team 0.58 38.52 77,768 Management Team 0.98 12.37 1,128 Management Team

1 18.3 2.1 53,864 s 18

o 17 y 16 77 56 0 76 2 22 o 16 d 14 135 45 2 98 0 0 d 18 a 12 232 16 3 93 1 3 y 16 d 14 192 24 1 97 0 1

TWEIX

5 NL 5 NL

TWVLX 1 17.3 1.7 49,611 y 23 AMRMX 1 17.4 2.7 66,196 p 18 AWSHX 4 18.2 2.6 84,517 p 17

8 5.75

6 5.75

1 14.4 1.3 30,142 a 28

y 21 r 14 39 53 8 92 0 0 15 NL s 25 y 20 109 4 5 95 0 0 14 NL a 16 p 14 58 41 3 97 0 0 d 15 p 14 89 27 2 98 0 0 d 16 a 15 52 24 1 99 0 0 t 15 u 10 33 2 13 75 2 10 d 14 a 12 121 52 2 98 0 0 p 12 d 12 189 40 4 94 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 4 NL

ARTLX

AUXFX 1 17.6 2.3 52,610 d 25

1.14 19.52 0.78 17.36

270 J. Jeffrey Auxier (16.1) 385 Management Team

4 18.1 2.0 37,678 y 20 4 18.0 2.7 90,450 y 17

BVEFX GSFTX

0.77 17.81 8,789 Management Team

DHLAX 1 16.5 2.0 61,004 y 28 DODGX 4 17.1 1.9 69,571 y 25

0 5.00 1.04 21.97 3,502 Management Team

0.52 169.82 60,638 Management Team 1.06 35.65 5,346 Bruce Berkowitz (15.7)

1 10.6 0.9 31,096 y 74 1 16.7 2.0 67,615 y 26 1 15.9 1.8 54,397 y 27 1 16.2 1.6 40,507 y 25

FAIRX FEQTX FEQIX

0.63

25.1 5,367 Scott Offen (3.8)

0.69 53.98 8,867 Management Team

TESIX

1.1 28.4 16,441 Management Team

GOODX 2 23.6 1.1 4,639 y 32

1.1 20.86

277 Pitkowsky/Trauner (4.3/4.3)

1 15.7 1.6 59,034 y 28 1 16.5 1.6 61,915 y 32

o 15 t 15 84 17 3 97 0 0 12 5.50 0.83 23.79 13,598 Management Team d 14 a 12 90 31 3 97 0 0 11 5.50 0.84 25.44 9,016 Management Team

ACSTX ACGIX

JVAAX 1 16.1 1.7 29,592 y 31

t 17 d 11 117 17 9 91 0 0 t 17 d 16 44 58 3 97 0 0 y 20 a 18 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 1 99 0 0 p 20 a 18 36 16 13 87 0 0 a 14 p 13 183 33 1 99 0 0 s 15 a 13 440 12 0 100 0 0 d 13 p 12 240 57 1 99 0 0 d 17 s 11 320 6 0 100 0 0 d 17 a 14 258 27 3 97 0 0 a 19 p 18 — 69 2 98 0 0 p 29 t 18 40 30 0 92 5 3 a 20 p 19 102 73 2 98 0 0 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 p 21 a 21 57 12 11 89 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 21 18 81 0 0 t 23 p 17 41 6 7 93 0 0

1 5.25 1.27 28.48 11,562 Management Team

4 18.8 2.1 52,617 y 21 4 18.3 2.1 65,210 d 21 1 17.6 2.1 70,798 y 23 1 17.0 2.1 57,703 o 14 1 16.1 1.8 44,892 y 27 1 16.7 1.8 47,115 y 21 1 15.1 1.8 47,477 y 24 1 16.6 2.0 46,076 y 25 1 15.7 1.9 42,491 y 23 1 16.6 2.3 78,794 y 17

ICAEX ICSLX JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

9 NL 8 NL 7 NL 1 NL 4 NL 4 NL 8 NL 1 NL 8 NL 1 NL 0 NL 1 NL 9 NL

0.89 49.25 1,034 Management Team 0.9 43.46 4,205 Management Team

0.85 15.47

171 Perkins/Preloger (6.7/6.7)

0.35 14.41 5,044 Management Team 0.92 45.84 2,358 Management Team 0.66 29.92 26,609 Brian Rogers (29.8) 0.82 32.85 22,645 Mark Finn (5.7) 1.14 16.05 1,097 Diane Jaffee (13.7)

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

1.15 45.06

409 Fialco/Torray (7.3/24.7)

0.29 29.36 19,127 Management Team

VHDYX 1 17.1 2.2 74,463 y 15 VUVLX 1 14.8 1.8 31,872 y 25

0.18 25.41 15,263 Michael Perre (8.7) 0.29 16.74 1,292 Management Team 0.09 30.93 37,984 Gerard O’Reilly (20.7) 0.36 35.24 48,994 Management Team 0.38 20.55 18,463 Management Team 1.35 23.07 4,067 Management Team 1.0 24.23 5,932 Hollond/Walsh (8.5/7.5) 1.2 46.03 9,875 Management Team 1.31 63.28 2,823 Andrew Peck (12.1) 1.29 70.3 7,820 Ronald Baron (20.7)

1 16.3 1.9 73,697 y 23

VVIAX

VWNFX 1 15.2 1.9 63,321 y 23 VWNDX 4 16.0 1.8 35,610 y 28

a 18 d 16 139 38 2 98 0 1 15 NL

— 24.1 3.6 9,824 t 20

4 — 1.27 — 1,340 —

AKREX 7 26.4 3.2 17,525 y 29 TWHIX 8 25.5 4.3 11,239 t 22 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 28.5 3.7 7,450 t 24 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 4 NL

3 Clsd

1 NL 3 NL 9 NL 2 NL 0 NL 5 NL 3 NL 7 NL 4 NL

1.35 17.92 1.01 17.99 1.3 14.19 0.84 20.48

380 Management Team 573 Carlsen/Male (0.6/13.7) 679 Management Team

581 Chalupnik/Szafranski (4.3/0.3)

0.79 30.38 11,323 Management Team

8 21.0 2.9 6,428 a 32

ETGLX

1.45 26.72 2,087 Barksdale/Kuruvilla (4.8/7.2) 1.18 65.4 1,007 Fox/Putnam (15.3/28.7)

FAMVX 8 20.7 2.4 10,765 y 30

15.9 1.6 48,143 20.9 4.2 11,130

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