(PUB) Investing 2015

35

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)

— 16.3 1.6 2,545 y 22

p 18 t 13 — 74 3 96 0 0 p 21 r 14 143 29 4 95 0 0 p 18 t 16 604 73 4 96 0 0 t 17 u 13 238 111 2 98 0 0 a 21 r 12 93 31 7 93 0 0 p 21 t 16 72 96 5 95 0 0 p 26 t 9 68 43 20 80 0 0 a 15 p 13 70 26 1 98 0 1 p 18 t 12 95 62 2 97 0 1 p 18 t 17 293 39 7 92 0 1 a 24 y 13 66 51 2 98 0 0 y 22 a 15 67 40 0 97 0 3 p 17 t 14 833 47 0 99 0 0

2 — 1.32 — 885 —

PNVDX 3 13.1 1.7 2,375 y 21 AVPAX 3 16.5 1.5 1,980 y 26

6 Clsd 1.18 25.55 6,373 Management Team

5 NL

1.2 23.24 5,434 Management Team 1.3 8.6 1,808 John/Lewis (2.7/0.2)

3 16.3 1.4 1,165 y 22

ASVIX

4 Clsd

ARTVX 3 16.3 1.3 1,273 p 28 DASCX 6 16.3 1.8 1,292 y 24 DHSCX 6 15.7 1.6 2,641 y 30 JSCVX 6 18.1 2.1 2,669 y 25 RYPNX 3 17.1 1.3 782 a 34 RYVFX 3 13.9 1.6 2,146 t 31 TASCX 3 18.3 1.6 2,220 p 27 AACTX 4 17.0 2.3 53,650 d 15 ABALX 4 17.3 2.2 99,778 y 18 AMECX 1 17.3 2.2 58,168 d 15 ARBFX 8 26.0 2.3 6,595 a 27 MOBAX 7 20.4 4.2 77,047 d 28 FCPVX 3 16.0 1.5 2,097 y 33 VSIAX 3 16.2 1.7 2,874 y 19 — 1.7 0.2 2,513 — —

1 Clsd 1.24 13.31 1,253 Management Team

3 NL

1.26 14.63

130 Steven Roth (6.6)

2 5.00 1.33 31.61 1,394 Management Team 3 Clsd 1.09 18.37 2,761 Janssen/Myers (2.0/6.7)

0.83 20.85 1,792 Management Team 1.17 12.66 2,147 Hench/Zaino (10.7/16.8)

2 NL 3 NL 3 NL 5 NL 1 NL

1.48 11.1

802 Kaplan/Romeo (13.6/6.7)

1.12 21.98

461 Bui/Rewey, III (2.1/0.6)

0.09 43.92 14,842 Michael Buek (16.7)

— — — — — 24 13 52 35 1 21 — 1.25 — 1,615 — a 14 p 13 21 4 7 55 30 7 20 5.75 0.71 11.51 4,933 Management Team

a 14 p 14 1335 55 7 65 27 1

9 5.75 0.61 24.42 79,063 Management Team

a 13 p 12 1652 47 6 71 18 5 20 5.75 0.57 21.42 96,233 Management Team

d 19 s 11 111 462 19 78 0 3 10 NL

1.44 12.78 2,269 Management Team

s 24 t 11 71 27 6 62 33 0 y 14 p 12 95 64 35 29 17 19 a 23 s 11 122 33 5 58 6 31 a 17 d 15 587 70 9 35 16 40

1 NL

1.36 22.95

23 Canakaris/Donahue (10.2/1.9)

2 16.9 1.4 7,224 a 32

BERIX

4 NL

0.66 13.63 2,542 Management Team

CVTRX 4 17.2 2.4 122,388 y 24

1 4.75 1.09 30.7 2,939 Management Team

1.14 12.85 4,188 Management Team 0.53 99.21 15,465 Management Team 0.56 22.51 27,557 Management Team 0.22 36.69 4,011 Dierdorf/Sharpe (6.0/5.6) 0.56 21.26 24,859 Management Team 0.77 9.12 1,235 Management Team 1.23 33.09 19,984 Management Team

4 17.1 2.4 76,000 y 18

CVSIX

1 4.75

DODBX 1 16.2 1.9 68,463 y 25

a 24 d 17 411 25 3 66 31 -1 10 NL

7 18.1 2.6 40,819 a 19

y 16 d 15 1185 176 4 68 25 3

FBALX

8 NL

FFNOX 4 17.5 2.1 38,693 y 17 FPURX 7 18.2 2.7 59,366 a 21 FSRRX 5 34.1 2.2 7,585 u 99

a 14 d 13 4 9 2 83 14 0 26 NL

d 20 y 17 1201 160 5 70 24 1 r 1 y 0 390 18 2 15 32 50

8 NL 1 NL

4 16.4 1.8 49,310 a 32 1 14.7 1.7 63,872 f 23

y 19 d 17 138 22 44 51 3 2 12 NL

FPACX FKINX

o 17 r 15 691 36 3 47 37 13 18 4.25 0.62 2.37 92,535 Management Team

0.94 29.25 8,014 Management Team

GATEX 4 17.8 2.6 76,847 a 19 GRSPX 3 17.3 1.7 2,317 p 33

y 15 d 15 275 10 1 102 0 -3 a 27 y 11 97 68 6 60 33 1

1 5.75

2 NL

0.94 24.11

618 Charles Carlson (31.6)

1 15.3 1.7 60,649 y 31

a 14 d 13 457 60 12 65 17 6 10 5.50

ACEIX

0.8 10.07 13,461 Management Team 0.83 30.32 12,557 Pinto/Smith (9.7/9.7)

JABAX 4 15.8 3.1 62,685 t 19 LCORX 4 14.0 2.1 14,775 a 24 MAPOX 1 16.3 2.8 40,818 p 26 EXDAX 4 18.6 2.2 33,860 t 21 MNBAX 7 19.4 2.1 20,924 t 25 EXBAX 7 19.4 2.1 20,925 t 24 MERFX 4 20.4 2.0 19,567 t 20 MSFRX 1 15.4 2.0 64,846 y 23 OAKBX 4 14.8 2.1 39,014 y 26 PAXWX 7 17.5 2.5 48,272 a 20

p 18 d 16 408 72 1 55 38 5

5 NL

d 19 p 18 308 81 23 58 18 1 17 NL

1.16 18.25

840 Management Team

y 18 d 17 356 3 3 62 35 0

3 NL

0.73 85.38

724 Earley/Kaliebe (0.1/9.1)

a 16 s 12 822 45 12 34 54 1 16 NL a 17 r 11 765 65 7 62 31 1 20 NL a 17 r 11 796 53 6 46 47 0 17 NL o 16 d 15 190 194 20 76 3 1 12 NL

0.88 13.31 1,669 Management Team 1.07 16.61 1,672 Management Team 1.07 13.33 1,706 Management Team 1.3 15.58 5,277 Behren/Shannon (8.0/8.0)

d 15 p 13 776 35 3 60 37 0 10 5.75 0.75 17.92 6,881 Management Team

p 17 t 16 222 18 17 65 13 6 d 17 y 16 311 62 5 61 33 1

7 NL 4 NL

0.77 31.19 20,300 Management Team 0.91 23.32 1,956 Management Team 0.72 40.72 5,642 Michael Cuggino (11.7)

4 20.8 1.9 23,057 u 27

r 19 a 14 118 4 9 33 31 27 13 NL s 16 p 13 50 65 -68 1 142 24 89 NL y 18 p 13 52 54 -13 3 75 35 40 NL

PRPFX

1.63

PAUDX 4 14.6 1.9 23,126 y 16 PASDX 4 14.7 1.9 23,471 s 21

9.16 19,521 Robert Arnott (11.2)

1.26 11.67 31,322 Robert Arnott (12.5) 1.29 3.55 2,456 Management Team

PFSDX 0

— — — — — — — — — 614 262 3 0 89 8 55 NL

16.5 1.4 1,327 17.3 2.4 69,677

17.3 2.4 69,677

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