(PUB) Investing 2015

39

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market Style Cash Cap Box Flow ($Mil)

# of

Turn- over

Recent Composition

Sales

Total

UK/W. North Latin

Asia ex-

Hold-

(% of Assets)

Charge Expense NAV Assets

Europe Amer Amer Japan Japan Other ings

% Cash Stock Bond Other % Ratio% ($)

($Mil)

Portfolio Manager (Tenure Years)

— 0.8 5,759 53 7 1 18 15 6.0 33,922 61 3 0 15 9 7.8 36,610 47 3 1 14 22 5.8 28,807 50 8 3 11 18 9.5 43,333 60 6 4 9 14 12.4 2,748 57 2 0 1 31 1 4 7 8 7.1 23,256 56 12 0 6 11 5.8 39,969 66 2 0 15 11 11.8 8,810 33 11 0 24 25 9.0 3,034 30 7 3 22 34 5.3 1,504 56 6 0 23 11 1 7 8 5 6.0 45,637 42 8 6 13 10 10.4 30,028 54 11 0 15 12 9.2 17,669 59 6 0 15 12 10.6 15,822 65 6 0 19 5 5.5 34,944 64 0 0 22 11 7 7 7 4 6.0 12,945 28 6 3 22 11 11.8 21,809 38 18 1 8 7 7.9 49,739 76 5 2 10 2 11.2 41,838 50 8 1 16 18 9.3 5,138 19 3 0 14 18 4 2 8.0 27,942 36 12 0 21 21 7.3 18,506 60 7 1 11 12 3.1 7,429 47 0 4 3 37 4.0 34,690 66 2 2 18 8 11.6 26,469 58 13 8 4 15 7 4 4 10.7 13,189 58 8 1 14 7 6.3 35,691 65 5 0 14 8 9.1 2,254 60 1 2 10 20 11.1 16,727 77 7 1 6 6 9.6 1,835 39 2 3 21 25 6.1 20,462 56 2 1 17 15 8.4 28,238 48 6 3 14 23 6.0 35,513 59 2 1 18 13 5.7 46,217 64 3 2 14 11 5.9 30,573 60 8 1 1 6 6.7 44,009 68 6 1 13 10 5.4 31,042 60 0 0 23 14 5.3 28,106 46 6 3 18 21 5.3 1,484 42 12 1 15 26 6.8 1,775 54 0 0 22 16 5 8 6.0 31,998 51 4 2 12 19 4.8 32,946 48 2 2 23 12 5.3 20,797 45 6 2 17 21 16.6 50,355 60 12 1 2 24 4 4 7 — 8.6 37,403 29 50 1 7 8 8.4 51,289 32 42 1 4 13 9.2 52,006 31 45 0 8 6 9.1 3,192 18 48 2 4 17 18.3 31,262 16 55 3 5 12 7 1 7 8 1 7 7

2 — 9 2 189 23 2 464 28 2 185 29 0 81 46 0 51 58 0 56 20 0 62 27 6 50 58 3 241 28 7 89 12 2 239 39 2 231 57 2 164 41 1 157 12 0 46 22 0 92 11 5 56 10 1 104 23 0 34 61 1 68 70 1 23 54 0 45 56 0 67 43 4 96 34 0 72 39 1 62 38 1 108 12 1 216 42 2 133 45 3 130 39 1 4088 0 1 961 1

4 96 0 0 — 1.35

— 1,656 —

AAIPX

4 92 0 7 88 1 3 92 1 2 98 1 5 93 0 15 85 0 4 94 0 0 99 0 0 100 0 1 98 0 2 94 0 5 95 0 4 96 0 3 97 0 1 98 0 21 71 1 25 72 0 4 96 0 2 98 0 33 55 7 8 90 0 8 92 0 8 91 0 4 96 0 1 97 0 2 91 0 4 95 0 7 93 0 1 99 0 5 91 2 6 94 0 3 97 0 4 93 2 1 95 0 22 76 0 0 98 0 1 98 0 0 97 0 1 99 0 6 92 0 2 96 0 5 91 0 1 97 0 0 100 0 3 92 1 3 93 0 3 90 0 6 93 0

4 NL 1.06 18.37 2,513 Management Team

AEPGX 7

0.83

3 5.75

47.09 132,114 Management Team

IGAAX ARTIX ARTJX

4 5.75 0.91 29.74 11,021 Management Team 0 NL 1.17 28.26 20,161 Management Team 2 Clsd 1.5 23.33 1,001 Hamker/Yockey (3.6/13.7) 0 Clsd 1.2 33.64 11,603 O’Keefe/Samra (8.8/12.9) 2 NL 1.17 14.66 7,173 Management Team 1 5.75 1.47 21.04 210 Olson/Waldburg-Wolfegg(13.9/0.3)

ARTKX 4

CIVVX LAFAX ACINX DFISX

0.93 0.53 0.64 0.91 0.91

0 NL 1 NL 4 Clsd 0 NL 0 NL

40.36 7,685 Egan/Mendes (12.3/12.3) 17.59 9,360 Management Team 39.48 68,597 Management Team 35.54 25,185 William Bower (14.4) 39.48 11,377 William Kennedy (10.8)

DODFX 4

FDIVX FIGRX FOSFX

0 NL 1.02 40.89 4,274 Vincent Montemaggiore (3.6)

0.2

FSIIX

0 NL

37.29 16,079 Management Team

SGOVX 4

7 Clsd 1.16 22.19 14,344 Brooker, Jr./McLennan (5.5/6.9)

FMIJX

3 NL 0 NL

1.0 28.44 2,326 Management Team

HAINX 4 HLMNX 7

0.75

63.99 48,876 Management Team

0 NL 1.16 16.7 5,024 Management Team

IVIOX

5 Clsd 1.26 16.65 3,831 de Lardemelle/de Vaulx (6.9/6.9)

JOHAX 7

2 Clsd 1.3 18.47 3,336 Lees/Richyal (6.1/6.1) 1 NL 0.99 17.03 1,568 Management Team 1 NL 1.25 13.02 1,445 Management Team 0 NL 0.95 32.07 2,129 Management Team 2 NL 1.08 6.88 2,316 Management Team 6 NL 1.26 19.78 1,261 Benjamin Segal (10.2) 1 Clsd 0.95 22.8 30,678 Herro/Taylor (22.9/6.7) 0 Clsd 1.31 15.42 3,161 Herro/Manelli (19.8/4.2) 0 5.75 1.14 35.44 21,026 Dunphy/Evans (3.4/19.4) 2 NL 1.21 53.9 4,233 Justin Thomson (16.7)

MSILX LLINX ICEUX

EXWAX 7

NIQVX OAKIX

OAKEX 5

OIGAX PRIDX TRIGX PRITX

0.85 0.83

1 NL 0 NL

13.82 12,147 Jonathan Matthews (5.2) 15.57 14,831 Richard Clattenburg (0.4)

TROSX 4 TGVAX 4 TBGVX 1

0 162

8

1 NL 0.84 9.42 11,117 Raymond Mills (8.7) 4 4.50 1.26 28.67 11,174 Fries/Wang (17.2/9.6) 2 NL 1.37 25.75 9,642 Management Team

0 63 37

0 112

8

USIFX

0 86 17

1 NL 1.16 28.29 3,662 Management Team

VTMGX 4 VFWAX 4

0.09 0.14 0.37

1 1391 4 2462

4 4

1 NL 2 NL 0 NL 2 NL 2 NL 3 NL 3 NL

11.98 52,822 Christine Franquin (2.5) 27.78 25,467 Ryan Ludt (7.0) 35.71 3,319 Michael Eyre (2.5) 17.52 2,889 Dobbs/Thomas (15.7/5.2) 20.83 22,807 Management Team 32.99 8,446 Management Team 24.87 180,405 Michael Perre (7.0)

VFSVX VINEX

2 3351 13 0 335 39 2 182 21 5 160 37

0.4

VWIGX 7

0.47 0.44 0.14

VTRIX VTIAX JVIAX

3 5821

3

2 57 31

0 5.75 1.43 27.29 1,975 Rajiv Jain (13.5)

1 — 56 0 399 36 2 315 25 1 642 38 0 51 45

2 96 0 1 — 1.33

— 1,627 —

CWGIX 4 ANWPX 7 SMCWX 8 ARTRX 7

0.77 0.76

4 5.75 4 5.75

44.45 89,511 Management Team 36.86 61,134 Management Team

6 5.75 1.07 47.22 29,180 Management Team

1 NL

1.2 18.94 1,460 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm