(PUB) Investing 2015

41

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

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

# of

Turn- Recent Composition

Sales

Total

UK/W. North Latin

Asia ex-

Hold-

over

(% of Assets)

Charge Expense NAV Assets

Europe Amer Amer Japan Japan Other ings % Cash Stock Bond Other % Ratio% ($)

($Mil)

Portfolio Manager (Tenure Years)

— 6.3 42,572 28 52 1 6 8 14.8 29,945 16 59 4 3 10 7.2 48,753 29 54 0 1 5 6.5 50,444 25 45 2 4 8 8.9 26,649 25 56 0 7 7 5.7 44,484 29 48 0 0 6 5.7 19,477 23 36 0 0 2 10.1 35,554 19 57 1 8 6 8.0 30,374 20 64 0 7 5 10.6 45,787 39 55 2 1 1 5.4 31,491 30 51 0 9 5 4.1 62,918 32 61 0 7 0 8.1 3,792 20 53 2 7 12 7.4 39,227 37 44 4 10 4 9.4 3,796 35 52 0 7 3 8.0 33,700 32 48 4 6 1 8 8.7 24,306 31 34 0 3 8 6.0 11,958 12 63 0 6 14 6.7 72,800 44 43 1 0 2 6.9 70,462 65 19 1 0 5 10.3 44,721 37 55 2 2 1 1 5.8 20,909 22 49 2 9 13 9.1 8,964 17 53 4 5 19 6.8 31,172 22 54 2 7 11 1 1

1 — 57 1 54 45 0 55 25 4 109 24 1 310 163 3 172 24 1 160 63 5 70 30 1 148 43 1 99 11 0 47 31 0 23 24 3 5821 38 0 90 11 1 92 16 0 82 19 0 106 61 0 42 31

3 96 0 6 93 0 10 90 0 3 87 0 2 97 0 7 85 3 3 96 0 0 97 0 1 99 0 2 97 0 1 99 0 4 96 0 0 100 0 2 98 0 8 92 0 7 85 0 4 95 0 10 90 0 9 90 0 1 97 0 3 96 0 0 99 0 1 98 0 0 99 0 0 100 0 0 99 0 3 96 0 0 99 0 0 93 5 10 74 8 1 93 0 4 89 0 4 93 0 6 92 0 1 94 0 3 96 0 0 98 0 6 93 0 10 62 28 5 75 15 8 89 0 0 97 0

1 — 1.35

— 1,630 —

ARTRX 7 ARTGX 4 DODWX 4 FWWFX 7

1 NL 1.28 18.26 1,166 Management Team 0 Clsd 1.38 15.51 1,885 O’Keefe/Samra (7.0/7.0)

0.65

9 NL

11.83 5,908 Management Team

0 NL 0.96 22.3 1,568 DuFour/Kennedy (7.2/9.0) 5 5.75 1.28 32.81 26,070 Management Team

TEDIX

TEQIX

2 64 19 14 5.75 1.14 16.02 6,132 Luh/Tumulty (4.0/11.1)

HLMGX 7 JAWWX 7 MWEFX 7 OAKGX 4 OAKWX 4 OWSMX 5 OPPAX 7

1 NL 1.22 31.26 781 Management Team

0.93

3 NL

63.7 2,730 Management Team

0 4.25 1.29 35.51 2,061 Mannheim/Morley (22.7/5.2) 1 Clsd 1.13 29.17 3,554 McGregor/Taylor (11.2/9.2) 0 NL 1.15 16.02 1,966 Herro/Nygren (8.2/8.2) 0 NL 1.14 16.22 6,437 Management Team 0 5.75 1.13 76.02 9,943 Rajeev Bhaman (10.4) 0 5.75 1.18 39.62 3,347 Frank Jennings (19.2) 0 NL 1.03 13.94 291 Management Team

OPGIX

JGVAX 1 PTHDX 4

7 NL 1.24 9.13 1,352 Anne Gudefin (4.7)

TAVFX

1 NL

1.1 56.76 2,082 Management Team

TWEBX 1 TBHDX 1 USAWX 7 VHGEX 4 VMVFX 4 VTWSX 4 TEMIX 1 MAPIX 4 MACSX 4 MCHFX 7 MINDX 7 MAPTX 7 PRASX 7 VEUSX 4 NEWFX 7 DFEVX 1 HLEMX 7 ODMAX 7 EAEMX 4 PRMSX 7 VEMAX 4 HEMZX 7 LZOEX 4

0 50

7

0 NL 1.38 21.84 632 Management Team 1 NL 1.37 10.82 642 Management Team 2 NL 1.19 27.33 1,160 Mannheim/Morley (12.5/5.2)

0 43 10

1 103

9

0.61

2 736 45 1 353 49

1 NL 1 NL 0 NL

24.11 4,623 Management Team 11.03 525 Management Team 24.48 6,114 Christine Franquin (1.8)

0.3 0.3

2 6666

7

5.5 12,793 89 0 0 0 0

0 83 39 0 64 14 0 61 15

3 5.75 1.37 20.33 2,700 Brugere-Trelat/Dudley (10.0/8.0)

7.5 8,226 7.7 12,392 5.4 11,646 25.6 3,241 7.4 11,657 6.9 21,674

2 2 0 25 68 4 2 0 5 75 0 0 0 0 99 0 3 0 0 97 2 1 0 0 96 5 0 0 0 91

3 Clsd 1.06 15.26 5,030 Management Team

1.08 1.09 1.13 1.09 0.93 0.12

0 85 0 15 NL

18.01 4,241 Horrocks/Lowe (5.7/3.0) 21.46 1,002 Management Team 26.46 1,083 Asnani/Shroff (4.2/8.5) 26.57 8,093 Management Team 16.29 4,294 Lu/Yeung (5.7/0.9) 65.64 17,087 Gerard O’Reilly (6.3)

0 57 0 43

6 9

1 NL 0 NL 1 Clsd 1 NL 1 NL

0 69

8

0 94 58

7.0 44,604 99 0 0 0 0

0 530

7

— 4.5 18,805

4 2 16 0 55 17 — 68

2 — 1.56

— 1,368 —

1.03 0.57

7.2 20,168 22 10 3 4 28

7 545 32

8 5.75 7 NL

53.5 23,035 Management Team 25.75 17,123 Management Team

3.9 7,221 2.3 17,454 6.5 20,625

0 0 17 0 61 14 2178 6 2 15 0 43 23 82 28 1 2 17 0 50 22 88 16 6

8 NL 1.46 45.62 2,353 Management Team 2 Clsd 1.37 17.65 13,666 Management Team 2 Clsd 1.32 35.52 39,070 Justin Leverenz (7.7) 5 NL 1.38 13.98 4,474 Management Team 1 NL 1.25 32.38 7,935 Gonzalo Pangaro (6.2)

7.4 21,530 14 0 20 0 44 14 121 26

5.3 8,023 6.1 22,257 4.9 18,852

3 1 17 0 41 32 1690 4 1 15 0 60 16 113 23 0 0 18 0 60 19 979 9 7

0.15

2 NL

33.25 63,458 Michael Perre (6.3)

12.8 26,628 10 0 21 0 56

6 80 31

1 5.75 1.57 9.58 8,558 Rajiv Jain (8.6)

— 7.1 41,769 16 35 1 4 6 8.4 47,947 26 42 0 0 7

1 — 59 1 1427 55 6 51 53 1 849 75 1 172 15 1 118 22

0 — 1.3

— 3,022 —

1 2

CAIBX APPLX

5 5.75 0.59 59.58 96,493 Management Team

7.2 6,973

7 43 0 4 6

13 62 8 17 NL 1.35 12.32 264 Management Team 15 57 17 12 5.25 1.14 19.77 55,078 Management Team

MDLOX 4 SGENX 4 IVWAX 4 PGMDX 4

6.3 33,381 13 29 1 10 4 8.1 27,167 15 38 1 13 3 8.7 18,542 11 24 0 9 6

20 72 2 38 50 7

6 5.00 1.13 52.44 49,952 Brooker, Jr./McLennan (3.8/6.2) 5 Clsd 1.27 17.47 10,056 de Lardemelle/de Vaulx (6.2/6.2)

6.6 41,523

6 20 2 1 6

1 286 94 -71 41 99 30 NL 1.61 11.02 1,082 Mihir Worah (0.9)

Equity Style Box Val BlndGrth

Bold #  Cheapest Quintile

Lrg Mid Sm