(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)

— 7.1 41,170 28 52 1 6 8 15.1 28,014 17 59 3 2 11 7.6 52,302 29 56 0 0 5 6.8 49,328 24 47 2 2 8 8.7 27,727 25 56 0 6 7 5.7 44,094 27 49 0 0 6 5.5 19,109 22 34 0 1 2 9.7 34,650 19 52 1 9 6 8.2 30,273 19 68 0 5 6 10.6 44,943 38 56 2 1 1 5.5 32,367 32 53 0 6 5 3.8 61,845 34 51 0 5 4 8.1 3,792 20 53 2 7 12 8.5 37,684 36 45 4 10 4 9.4 3,652 36 51 0 7 3 8.4 32,724 29 46 4 5 1 8 8.7 24,306 31 34 0 3 8 6.0 11,958 12 63 0 6 14 7.1 69,369 43 43 0 0 2 7.3 68,478 65 20 0 0 6 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 30,427 21 55 1 7 11 1 1

1 — 57 1 55 45 0 51 25 4 102 24 1 317 163 3 172 24 1 153 63 3 73 30 1 133 43 1 102 11 0 43 31 0 21 24 3 5821 38 0 94 11 1 92 16 0 80 19 0 106 61 0 42 31

3 96 0 6 93 0 10 90 0 3 88 0 3 97 0 8 84 3 3 91 0 0 99 0 1 99 0 2 98 0 6 94 0 4 96 0 0 100 0 3 98 0 15 85 0 7 85 0 4 95 0 12 88 0 8 91 0 1 97 0 3 96 0 0 99 0 1 99 0 0 99 0 0 100 0 0 99 0 2 98 0 0 99 0 1 91 6 12 77 10 0 92 0 1 90 0 3 95 0 5 93 0 1 94 0 3 96 0 1 98 0 4 95 0 15 58 24 3 77 16 2 94 0 0 97 0

0 — 1.34

— 1,587 —

ARTRX 7 ARTGX 4 DODWX 4 FWWFX 7

2 NL 1.28 18.27 1,163 Management Team 0 Clsd 1.38 14.92 1,875 O’Keefe/Samra (7.1/7.1)

0.65

9 NL

11.5 5,895 Management Team

1 NL 0.96 22.17 1,540 DuFour/Kennedy (7.3/9.1) 5 5.75 1.28 32.35 25,701 Management Team

TEDIX

TEQIX

6 61 19 14 5.75 1.14 15.86 5,958 Luh/Tumulty (4.1/11.2)

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

6 NL 1.22 30.83 771 Management Team

0.93

1 NL

63.25 2,686 Management Team

0 5.75 1.29 34.98 2,039 Mannheim/Morley (22.8/5.3) 0 Clsd 1.13 27.85 3,367 McGregor/Taylor (11.2/9.3) 0 NL 1.15 15.62 1,910 Herro/Nygren (8.3/8.3) 0 NL 1.14 16.0 5,543 Management Team 0 5.75 1.13 75.66 9,780 Rajeev Bhaman (10.5) 0 5.75 1.18 39.52 3,295 Frank Jennings (19.3) 0 NL 1.03 13.79 282 Management Team

OPGIX

JGVAX 1 PTHDX 4

7 NL 1.24 9.11 1,004 Anne Gudefin (4.7)

TAVFX

1 NL

1.1 55.25 1,981 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 49

7

0 NL 1.38 21.46 608 Management Team 1 NL 1.37 10.68 596 Management Team 2 NL 1.19 26.9 1,140 Mannheim/Morley (12.6/5.3)

0 40 10

1 103

9

0.61

2 736 45 1 353 49

1 NL 1 NL 0 NL

23.77 4,408 Management Team 11.19 621 Management Team 24.14 6,136 Christine Franquin (1.9)

0.3 0.3

2 6930

7

5.2 15,030 94 0 0 0 0

0 78 39 0 64 14 0 61 15

4 5.75 1.37 20.63 2,529 Brugere-Trelat/Dudley (10.1/8.1)

7.5 8,226 7.7 12,392 5.4 11,646 25.6 3,241 7.4 11,657 7.1 22,238

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 94

3 Clsd 1.06 15.6 5,101 Management Team

1.08 1.09 1.13 1.09 0.93 0.12

0 85 0 15 NL

18.03 4,214 Horrocks/Lowe (5.7/3.1) 22.09 1,014 Management Team 28.62 1,302 Asnani/Shroff (4.2/8.6) 27.81 8,543 Management Team 16.64 3,967 Lu/Yeung (5.7/1.0) 65.9 16,887 Gerard O’Reilly (6.4)

0 57 0 43

6 9

1 NL 0 NL 1 Clsd 0 NL 1 NL

0 69

8

0 89 58

6.7 42,218 99 0 0 0 0

0 528

7

— 4.9 17,549

3 2 15 0 55 16 — 68

2 — 1.56

— 1,337 —

1.03 0.57

7.4 19,514 21 10 4 4 31

7 552 32

1 5.75 7 NL

53.63 23,003 Management Team 25.54 17,059 Management Team

4.0 7,058 5.0 17,600 6.4 20,378

1 0 15 0 61 15 2165 7 0 14 0 48 20 82 28 1 1 17 0 54 21 87 16 6

9 NL 1.46 46.07 2,405 Management Team 2 Clsd 1.37 17.55 13,506 Management Team 3 Clsd 1.32 35.07 38,439 Justin Leverenz (7.7) 5 NL 1.38 13.85 4,433 Management Team 1 NL 1.25 32.82 7,592 Gonzalo Pangaro (6.3)

7.1 19,778 13 0 19 0 47 14 122 26

4.5 7,833 6.4 22,660 5.5 18,289

3 1 16 0 42 32 1694 4 0 13 0 63 15 104 23 0 0 17 0 62 18 985 9 7

0.15

2 NL

33.48 62,332 Michael Perre (6.4)

12.2 29,126 10 0 19 0 61

5 78 31

0 5.75 1.57

9.9 9,020 Rajiv Jain (8.7)

— 6.9 42,128 15 34 1 4 5 8.2 47,251 25 45 0 0 6

1 — 59 0 1425 55 5 49 53 1 849 75 1 176 15 1 118 22

3 — 1.29

— 3,041 —

1 2

CAIBX APPLX

4 5.75 0.59 59.76 97,002 Management Team

6.8 7,598

9 38 0 4 6

13 60 6 21 NL

1.3 12.35 260 Management Team

MDLOX 4 SGENX 4 IVWAX 4 PGMDX 4

6.3 33,381 13 29 1 10 4 8.2 28,084 15 38 1 12 3 8.7 18,542 11 24 0 9 6

15 57 17 12 5.25 1.14 19.79 54,391 Management Team

20 72 2 38 50 7

6 5.00 1.13 52.56 49,616 Brooker, Jr./McLennan (3.9/6.3) 5 Clsd 1.27 17.43 10,003 de Lardemelle/de Vaulx (6.3/6.3)

6.6 41,523

6 20 2 1 6

1 286 94 -71 41 99 30 NL 1.61 11.13 1,052 Mihir Worah (1.0)

Equity Style Box Val BlndGrth

Bold #  Cheapest Quintile

Lrg Mid Sm