(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)

— 0.7 5,390 54 6 1 18 15 6.2 35,351 62 3 0 15 8 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 4 4 7 8 7.1 23,256 56 12 0 6 11 5.8 39,969 66 2 0 15 11 10.4 9,988 41 6 0 27 18 7.2 2,861 34 6 2 24 30 5.3 1,446 57 7 0 23 10 1 7 8 5 6.0 45,637 42 8 6 13 10 9.7 27,941 55 11 0 15 11 8.8 16,414 59 6 0 16 10 9.9 14,498 66 7 0 19 5 5.1 32,418 64 1 0 22 11 7 7 7 4 6.8 12,847 29 5 3 21 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 6.0 25,418 37 12 0 23 16 7.3 18,506 60 7 1 11 12 3.1 7,429 47 0 4 3 37 4.2 34,644 68 2 2 15 9 11.1 26,566 58 14 9 3 15 7 4 4 11.0 12,894 61 9 1 13 6 6.3 35,691 65 5 0 14 8 9.1 2,254 60 1 2 10 20 10.7 15,410 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 5.8 46,635 62 3 2 15 8 5.9 30,573 60 8 1 1 6 6.7 44,009 68 6 1 13 10 5.0 28,463 60 0 0 24 13 5.0 25,814 46 6 3 18 20 5.2 1,426 42 12 1 16 25 7 6.8 1,775 54 0 0 22 16 6.0 31,998 51 4 2 12 19 4.8 32,946 48 2 2 23 12 5.0 19,098 46 7 2 18 21 16.6 50,355 60 12 1 2 24 4 4 7 — 7.9 38,254 29 51 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 5 8

2 — 9 2 193 23 2 464 28 2 185 25 0 81 46 0 51 58 0 56 20 0 62 27 6 49 58 3 230 28 7 89 12 3 233 39 2 228 57 2 172 41 1 163 12 0 46 22 0 92 11 5 56 10 1 104 23 0 35 61 1 68 70 1 23 54 0 44 56 0 62 43 4 96 34 0 72 39 1 62 38 1 109 12 1 216 42 2 133 45 3 130 39 1 4088 0 1 965 1

4 96 0 0 — 1.35

— 1,584 —

AAIPX

4 92 0 7 88 1 3 92 1 2 98 1 5 93 0 15 85 0 4 94 0 0 98 0 0 100 0 1 99 0 2 94 0 5 95 0 5 95 0 2 98 0 1 99 0 21 71 1 25 72 0 4 96 0 2 98 0 33 55 7 10 88 0 8 92 0 8 91 0 4 96 0 1 99 0 2 93 0 4 95 0 7 93 0 2 98 0 5 91 2 6 94 0 3 97 0 4 93 2 22 76 0 0 98 0 0 98 0 0 97 0 0 100 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 17.44 2,348 Management Team

AEPGX 7

0.83

3 5.75

45.44 123,550 Management Team

IGAAX ARTIX ARTJX

4 5.75 0.91 28.46 10,333 Management Team 0 NL 1.17 26.97 18,518 Management Team 2 Clsd 1.5 23.37 963 Hamker/Yockey (3.7/13.7) 0 Clsd 1.2 32.62 10,914 O’Keefe/Samra (8.9/13.0) 2 NL 1.17 13.84 6,990 Management Team 2 5.75 1.47 20.59 193 Olson/Waldburg (14.0/0.4)

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

39.15 7,184 Egan/Mendes (12.4/12.4) 16.93 9,014 Management Team 37.02 62,894 Management Team 33.88 23,346 William Bower (14.5) 38.02 10,621 William Kennedy (10.9)

DODFX 4

FDIVX FIGRX FOSFX

0 NL 1.02 39.22 4,140 Vincent Montemaggiore (3.7)

0.2

FSIIX

0 NL

35.55 14,894 Management Team

SGOVX 4

7 Clsd 1.16 21.3 13,955 Brooker, Jr./McLennan (5.6/7.0)

FMIJX

3 NL 0 NL

1.0 27.63 2,309 Management Team

HAINX 4 HLMNX 7

0.75

60.57 44,944 Management Team

0 NL 1.16 16.15 4,618 Management Team

IVIOX

5 Clsd 1.26 16.39 3,744 de Lardemelle/de Vaulx (7.0/7.0)

JOHAX 7

2 Clsd 1.3 17.48 3,113 Lees/Richyal (6.2/6.2) 1 NL 0.99 16.29 1,433 Management Team 1 NL 1.25 12.24 1,284 Management Team 0 NL 0.95 30.08 1,899 Management Team 0 NL 1.08 6.56 2,059 Management Team 4 NL 1.26 19.35 1,194 Benjamin Segal (10.2) 1 Clsd 0.95 21.34 28,283 Herro/Taylor (23.0/6.7) 0 Clsd 1.31 14.63 3,001 Herro/Manelli (19.9/4.3) 0 5.75 1.14 34.56 19,621 Dunphy/Evans (3.5/19.5) 2 NL 1.21 52.87 4,044 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

13.06 11,462 Jonathan Matthews (5.2) 14.88 13,813 Richard Clattenburg (0.5)

TROSX 4 TGVAX 4 TBGVX 1

0 162

8

1 NL 0.84 8.99 10,566 Raymond Mills (8.7)

0 49 37

0 90 0 10 4.50 1.26 27.45 10,376 Fries/Wang (17.3/9.7)

0 112

8

2 NL 1.37 25.02 9,250 Management Team 1 NL 1.12 27.29 3,361 Management Team

USIFX

0 86 17

VTMGX 4 VFWAX 4

0.09 0.14 0.37

1 1399 4 2483

4 4

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

11.44 51,167 Christine Franquin (2.6) 26.52 24,670 Ryan Ludt (7.1) 34.59 3,287 Jeffrey Miller (0.1) 16.98 2,772 Dobbs/Thomas (15.7/5.2) 19.99 20,923 Management Team 31.0 7,867 Management Team 23.78 176,930 Michael Perre (7.2)

VFSVX

2 3343 13

0.4

VINEX

0 335 39 2 182 21 5 160 37

VWIGX 7

0.47 0.44 0.14

VTRIX VTIAX JVIAX

3 5815

3

2 57 31

0 5.75 1.43 27.21 1,802 Rajiv Jain (13.6)

1 — 55 0 399 36 2 315 25 1 642 38 0 51 45

2 97 0 1 — 1.33

— 1,550 —

CWGIX 4 ANWPX 7 SMCWX 8 ARTRX 7

0.77 0.76

4 5.75 4 5.75

42.65 83,158 Management Team 35.79 57,631 Management Team

6 5.75 1.07 45.05 27,421 Management Team

1 NL

1.2 18.35 1,385 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm