(PUB) Investing 2016

19

May 2016

Morningstar FundInvestor

Tracking Gold-Rated Funds

% Gold in Top Quartile

% Gold in Top Quartile

% Gold in Top Quartile

Trailing 10 Years Batting Average

Trailing 5 Years Batting Average

Trailing 3 Years Batting Average

Asset Group

U.S. Stock

80.37

44.23

83.00

45.19

77.40

43.01

Taxable Bond

76.20

42.50

68.20

37.16

40.95

15.32

International Stock

71.46

44.39

70.14

42.78

57.08

46.67

Municipal Bond

62.84

39.06

37.28

16.67

55.88

23.91

Balanced

88.39

48.89

86.04

49.15

81.35

53.85

Data through April 30, 2016. Batting Average and % picks in top quartiles are for Gold/Picks funds only. The results are compared with category average.

Small Medalists

Berwyn Fund BERWX

Perkins Global Value T JGVAX

24000

24000

Fund Return %

Category Return %

Fund Return %

Category Return %

59.85

59.95

55.19

42.68

18000

18000

18,000

18,000

QQ

QQQQ

12000

12000

12,000

12,000

∞ Positive ∞ Positive ∞ Positive ∞ Positive ¶ Neutral

∞ Positive ¶ Neutral ∞ Positive ∞ Positive ∞ Positive

Process

Process

Performance

Performance

6000

6000

6,000

6,000

People Parent

People Parent

0

0

2007 2009 2011 2013 2015

2007 2009 2011 2013 2015

Price

Price

24000 Royce Special Equity Multi-Cap Service RSEMX

Mairs & Power Small Cap MSCFX

28000

Fund Return % 109.69

Category Return %

Fund Return %

Category Return %

61.92

58.10

63.57

18000

21000

21,000

18,000

QQQQQ

QQ

´

12000

14000

14,000

12,000

∞ Positive ∞ Positive ∞ Positive ∞ Positive ∞ Positive

Process

∞ Positive ¶ Neutral ∞ Positive ∞ Positive § Negative

Process

Performance

Performance

6000

7000

7,000

6,000

People Parent

People Parent

0

0

Price

Price

2012 2013 2014 2015

2011 2012 2013 2014 2015

Return data through April 30, 2016.

Made with