(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)

— 15.5 1.7 76,131 y 21

d 14 a 11 — 57 2 97 0 1 d 14 a 13 62 26 0 100 0 0

6 — 1.09 — 2,281 —

PNBDX 1 13.7 1.7 61,335 y 29 AAGPX 1 14.7 1.6 57,278 y 27

8 NL

1.11 19.55

577 Management Team

d 14 a 11 208 29 4 96 0 0 16 NL

0.94 24.75 10,495 Management Team 0.93 8.13 8,712 Management Team 0.97 7.74 3,427 Management Team 0.59 33.71 34,499 Management Team 0.58 37.58 73,070 Management Team 0.98 11.56 1,071 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 15 d 14 60 41 4 96 0 0 d 14 p 14 87 27 2 98 0 0 d 16 a 15 50 24 1 99 0 0 t 16 u 9 41 2 14 73 2 11 d 14 a 12 118 52 4 96 0 0 p 13 d 12 190 40 3 96 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 25 71 0 5 12 NL 2 NL 4 NL

ARTLX

AUXFX 1 17.6 2.3 52,610 d 25

1.14 19.23 0.78 16.85

251 J. Jeffrey Auxier (16.2) 358 Management Team

1 17.5 1.8 41,723 y 21 4 17.0 2.5 85,971 y 17

BVEFX GSFTX

0.77 17.4 8,125 Management Team

DHLAX 4 15.3 1.9 55,006 y 28 DODGX 4 17.1 1.9 69,571 y 25

0 5.00 1.04 21.21 3,333 Management Team

0.52 162.2 56,143 Management Team 1.06 34.03 5,212 Bruce Berkowitz (15.7) 0.63 24.45 5,015 Scott Offen (3.9) 0.69 52.01 8,189 Management Team

1 11.4 1.0 28,233 y 74 1 15.7 1.9 62,707 y 27 1 15.0 1.7 49,694 y 25 1 16.2 1.6 40,507 y 25

FAIRX FEQTX FEQIX

TESIX

1.1 26.96 15,352 Management Team

GOODX 2 23.6 1.1 4,639 y 32

1.1 19.88

274 Pitkowsky/Trauner (4.4/4.4)

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 22.68 12,505 Management Team d 14 a 12 90 31 3 97 0 0 11 5.50 0.84 24.29 8,357 Management Team

ACSTX ACGIX

JVAAX 1 15.1 1.6 27,838 y 31

t 17 d 10 120 17 5 95 0 0

1 5.25 1.27 27.55 10,976 Management Team

4 18.4 2.1 51,655 y 21 4 18.8 2.2 62,348 d 19 1 17.6 2.1 70,798 y 23 1 17.0 2.1 57,703 o 14 1 16.2 1.7 42,312 y 27 1 16.7 1.8 47,115 y 21 1 15.1 1.8 47,477 y 24 1 15.8 1.8 43,037 y 25 1 15.0 1.8 37,949 y 23 1 16.6 2.3 78,794 y 17

d 15 t 15 44 58 3 97 0 0 10 NL

ICAEX ICSLX JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

0.89 46.97

962 Management Team

y 18 a 16 31 65 3 97 0 0 d 23 s 14 76 39 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 14 54 17 0 100 0 0 p 20 a 18 35 16 13 87 0 0 a 14 p 13 183 33 1 99 0 0 y 15 a 13 441 12 0 100 0 0 d 13 p 12 240 57 1 99 0 0 d 17 s 11 321 6 0 100 0 0 d 17 a 14 258 27 3 97 0 0 a 19 p 18 — 68 2 97 0 0 p 29 i 15 50 30 1 91 4 4 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 18 y 18 59 52 2 98 0 0 a 17 y 15 42 17 0 100 0 0 a 18 t 15 184 17 0 100 0 0 d 24 t 15 77 21 17 82 0 1 t 25 p 16 42 6 7 93 0 0

9 NL 7 NL 1 NL

0.9 41.37 3,876 Management Team

0.85 14.96

160 Perkins/Preloger (6.7/6.7)

0.35 14.06 4,734 Management Team 0.92 43.78 2,181 Management Team 0.66 28.54 24,399 Brian Rogers (29.9) 0.82 31.63 21,540 Mark Finn (5.7) 1.14 15.49 1,018 Diane Jaffee (13.8)

a 19 d 17 39 47 3 97 0 0 14 NL

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

1.15 43.9

386 Fialco/Torray (7.4/24.7)

0.29 28.78 17,999 Management Team

VHDYX 1 16.3 2.1 69,823 s 15 VUVLX 1 14.8 1.8 31,872 y 25

0.18 24.81 14,975 Michael Perre (8.8) 0.29 16.48 1,224 Management Team 0.09 29.96 36,841 Gerard O’Reilly (20.7)

1 15.4 1.8 68,870 y 23

VVIAX

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

0.36

34.2 45,674 Management Team

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

0.38 19.67 17,259 Management Team

— 22.7 3.4 9,258 t 20

4 — 1.25 — 1,283 —

AKREX 7 28.0 3.6 18,988 y 30 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 22.1 2.6 6,729 d 20 ACTWX 8 22.7 2.9 4,910 p 26 ACRNX 8 22.0 2.6 3,581 p 28 BIOPX 8 52.4 4.6 9,821 a 44

4 NL 4 NL

1.35 21.98 3,920 Management Team 1.0 23.24 5,556 Hollond/Walsh (8.6/7.6) 1.2 44.42 9,252 Management Team 1.31 60.88 2,628 Andrew Peck (12.2) 1.29 68.25 7,219 Ronald Baron (20.7)

3 Clsd

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

1.35 17.12 1.01 17.28 1.3 13.65 0.84 19.91

344 Management Team 540 Carlsen/Male (0.7/13.7) 722 Management Team

535 Chalupnik/Szafranski (4.4/0.4)

0.79 29.27 10,185 Management Team

8 22.3 3.3 7,520 a 38

ETGLX

1.45 24.61 1,930 Barksdale/Kuruvilla (4.9/7.2)

FAMVX 8 19.0 2.3 10,104 y 31

1.18 63.95

964 Fox/Putnam (15.4/28.7)

15.5 1.5 47,109 19.9 4.0 10,777

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