(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)

— 15.1 1.6 73,551 y 21

d 14 a 11 — 58 2 97 0 1 d 15 o 14 59 26 0 99 0 1

6 — 1.09 — 2,311 —

PNBDX 1 13.0 1.6 64,216 y 28 AAGPX 1 13.7 1.5 51,948 y 27

8 NL

1.11 20.86

574 Management Team

d 14 o 12 206 29 2 97 0 0 14 NL

0.94 26.7 10,693 Management Team 0.93 8.69 8,967 Management Team 0.97 8.33 3,571 Management Team 0.59 36.18 35,882 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 16 a 12 225 16 4 91 1 4 y 15 d 13 190 24 2 97 0 0

TWEIX

5 NL 5 NL

TWVLX 1 17.3 1.7 49,611 y 23 AMRMX 1 16.3 2.6 61,194 p 19 AWSHX 4 17.2 2.5 79,745 p 18

6 5.75

0.58 40.76 77,460 Management Team

5 5.75

1 12.8 1.0 25,938 a 27

y 21 o 14 40 53 2 98 0 0 16 NL s 25 y 20 109 4 5 95 0 0 14 NL

ARTLX

0.98 12.77 1.14 20.54 0.78 18.08

989 Management Team 263 J. Jeffrey Auxier (16.2) 379 Management Team

AUXFX 1 17.6 2.3 52,610 d 25

1 17.5 1.8 41,723 y 21 4 16.7 2.6 84,312 y 17

a 15 d 14 60 41 4 96 0 0 p 14 d 14 81 27 2 98 0 0 a 16 d 15 50 24 1 99 0 0 a 24 d 18 67 17 1 99 0 0 t 16 u 9 41 2 14 73 2 11 d 16 a 12 116 52 1 99 0 0 p 14 d 12 191 40 2 97 0 1

BVEFX GSFTX

2 NL 2 NL

0.77 18.87 8,537 Management Team

DHLAX 1 14.8 1.9 53,491 y 27 DODGX 1 15.7 1.7 61,792 y 26

0 5.00 1.04 23.1 3,509 Management Team

0.52 175.04 53,733 Management Team 1.06 35.32 4,988 Bruce Berkowitz (15.8) 0.63 26.08 5,178 Scott Offen (4.0) 0.69 54.92 8,194 Management Team

9 NL 4 NL 8 NL 9 NL

1 11.4 1.0 28,233 y 74 1 15.6 1.9 62,489 y 26 1 14.5 1.7 49,546 y 24 1 15.1 1.5 38,791 y 25

FAIRX FEQTX FEQIX

a 16 d 15 143 19 6 88 3 2 20 5.75 o 16 a 16 26 37 27 69 0 4 12 NL

TESIX

1.1 28.6 14,642 Management Team

GOODX 2 22.9 0.8 3,753 y 39

1.1 20.11

274 Pitkowsky/Trauner (4.5/4.5)

1 14.1 1.3 52,624 y 30 1 15.4 1.4 52,980 y 33

o 14 t 13 85 17 2 98 0 0 12 5.50 0.83 24.58 12,887 Management Team d 14 a 12 91 31 3 97 0 0 11 5.50 0.84 26.08 8,393 Management Team

ACSTX ACGIX

JVAAX 1 14.8 1.6 26,805 y 31

t 16 d 10 120 17 4 96 0 0

1 5.25 1.25 29.14 11,415 Management Team

4 17.2 1.9 49,640 y 21 4 17.5 2.0 58,952 y 20 1 16.6 1.9 65,971 y 25 1 15.6 1.9 54,066 o 14 1 16.2 1.7 42,312 y 27 1 15.2 1.5 43,782 y 22 1 13.6 1.5 41,277 y 23 1 15.5 1.8 41,721 y 24 1 14.4 1.7 37,490 y 23 1 16.6 2.3 78,794 y 17

a 15 t 14 41 58 3 97 0 0 10 NL

ICAEX ICSLX JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

0.89 51.22

999 Management Team

a 19 d 17 31 65 1 99 0 0 d 21 s 15 76 39 5 95 0 0 a 13 y 13 638 14 0 99 0 0 p 12 t 12 121 10 2 96 1 1 d 21 p 15 104 54 0 98 0 1 p 16 a 15 54 17 0 100 0 0 p 19 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 16 s 11 325 6 0 100 0 0 d 17 a 14 258 27 3 97 0 0 a 19 p 18 — 68 3 97 0 0 p 29 i 15 50 16 1 91 4 4 a 20 p 19 102 73 2 98 0 0 t 23 d 21 68 55 6 94 0 0 d 21 a 18 62 11 3 97 0 0 p 20 a 13 84 13 0 99 0 1 t 19 u 9 48 63 5 94 0 1 p 21 a 21 57 12 11 89 0 0 a 18 y 18 59 46 2 98 0 0 t 16 a 14 41 17 0 100 0 0 a 18 t 16 174 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 6 NL 1 NL

0.9 45.22 3,917 Management Team

0.87 15.99

152 Perkins/Preloger (6.8/6.8)

0.35 15.14 4,576 Management Team 0.92 47.36 2,026 Management Team 0.66 30.87 23,139 John Linehan (0.0) 0.82 34.19 20,906 Mark Finn (5.8) 1.14 16.76 1,055 Diane Jaffee (13.9)

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

5 NL 3 NL 8 NL 2 NL 8 NL 1 NL 0 NL 1 NL 9 NL

1.15 47.23

400 Fialco/Torray (7.5/24.8)

0.29 31.12 17,775 Management Team

VHDYX 1 15.9 2.1 69,407 s 15 VUVLX 1 14.8 1.8 31,872 y 25

0.18 26.89 14,898 Michael Perre (8.9)

0.29

17.6 1,215 Management Team

1 14.9 1.7 67,768 y 23

0.09 32.24 35,782 Gerard OReilly (20.8) 0.36 36.73 44,155 Management Team 0.38 21.06 16,483 Management Team

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

— 21.5 3.5 8,861 t 20

5 — 1.25 — 1,244 —

AKREX 7 28.0 3.6 18,988 y 30 TWHIX 8 25.5 4.3 11,239 t 22 ARTMX 8 26.7 4.8 12,510 a 24 BARAX 8 26.9 4.2 9,037 p 23 BGRFX 8 23.7 3.2 4,285 t 25 BUFMX 8 28.5 3.7 7,450 t 24 CIPMX 8 22.1 2.6 6,729 d 20 ACTWX 8 21.7 2.9 4,733 p 26 ACRNX 8 21.2 2.5 3,441 p 28 BIOPX 8 45.1 4.7 13,047 a 47

4 NL 4 NL

1.35 23.34 4,194 Management Team 1.0 24.58 5,607 Hollond/Walsh (8.7/7.7) 1.2 46.75 8,824 Management Team 1.31 64.13 2,524 Andrew Peck (12.2) 1.29 71.12 6,955 Ronald Baron (20.8)

3 Clsd

2 NL 3 NL 6 NL 2 NL 0 NL 5 NL 3 NL 9 NL 4 NL

1.35 18.47 1.01 17.81 1.3 14.58 0.84 21.04

324 Management Team 505 Carlsen/Male (0.7/13.8) 734 Management Team

465 Chalupnik/Szafranski (4.5/0.5)

0.79

30.6 9,111 Management Team

8 22.3 3.3 7,520 a 38

ETGLX

1.38 26.01 1,901 Barksdale/Kuruvilla (5.0/7.3)

FAMVX 8 19.0 2.3 10,104 y 31

1.18 67.64

942 Fox/Putnam (15.5/28.8)

16.7 1.6 51,606 21.2 4.2 11,467

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