(PUB) Investing 2016

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)

— 18.0 2.5 99,076 a 17

d 15 y 15 — 61 2 97 0 0 y 17 d 14 35 36 17 82 0 2 d 13 a 11 — 60 2 97 0 1 d 14 o 13 64 26 0 100 0 0 o 17 y 15 90 56 2 77 4 17 o 20 d 13 127 45 2 98 0 0 d 15 a 12 218 27 5 91 1 3 d 14 a 13 180 24 3 96 0 1 d 13 p 13 210 32 3 97 0 0 15 NL 4 NL 4 NL y 18 r 16 38 74 8 92 0 0 17 NL d 24 y 20 110 4 13 87 0 0 10 NL 7 NL

4 — 0.99 — 4,164 —

WVALX 7 20.3 2.2 34,601 t 23

1.15 39.07

933 Hinton/Perkins (9.7/4.3)

— 16.5 2.0 78,671 y 20

5 — 1.07 — 2,295 —

PNBAX 1 12.8 1.7 64,971 y 25 AAGPX 1 12.1 1.3 43,482 y 25

5 5.50 1.11 20.25

517 Management Team

0.94 23.41 8,954 Management Team 0.93 8.56 9,758 Management Team 0.97 7.98 2,936 Management Team 0.58 35.39 36,725 Management Team

1 17.5 2.0 45,666 s 18

TWEIX

TWVLX 1 16.5 1.6 50,887 y 23 AMRMX 1 17.2 3.0 69,664 p 18 AWSHX 4 18.4 3.0 90,084 p 15

8 5.75

0.58 39.38 78,463 Management Team

6 5.75

1 13.6 1.3 27,257 a 24

ARTLX

1.0 12.41 1.14 19.41 0.79 16.81

956 Management Team 250 J. Jeffrey Auxier (16.7) 357 Management Team

AUXFX 4 17.7 2.3 57,830 s 30

1 14.4 1.9 49,244 y 18 1 18.2 2.9 95,553 y 16

d 16 a 16 56 32 0 100 0 0 p 14 d 14 81 27 4 96 0 0 d 15 t 14 51 20 1 99 0 0 a 24 d 16 66 15 1 99 0 0

BVEFX LSBAX

3 NL 2 NL

1.02 18.12 8,676 Management Team

DHLAX 1 15.3 2.0 57,138 y 26 DODGX 1 15.4 1.7 56,602 y 26

0 5.00 0.99 21.88 3,667 Management Team

0.52 160.49 53,767 Management Team 1.04 18.62 2,967 Bruce Berkowitz (16.3) 0.66 25.43 5,028 Scott Offen (4.5) 0.71 52.15 7,773 Management Team

9 NL

2

8.4 1.4 4,131 y 37

u 22 t 19 52 40 25 54 8 14 11 NL d 16 o 14 101 49 1 99 0 0 10 NL

FAIRX FEQTX FEQIX TEBIX ACSTX LCEAX ACGIX JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

1 16.6 1.8 67,950 y 22 1 15.1 1.8 54,677 y 21 1 15.7 1.4 40,352 a 23 1 13.8 1.4 52,381 y 29 1 17.4 2.3 34,267 s 32 1 14.8 1.5 54,239 y 31 1 16.3 2.1 73,032 y 25 1 16.9 2.1 57,490 o 14 4 15.5 1.6 43,365 y 27 1 15.4 1.8 47,912 y 21 1 14.5 1.7 43,929 d 21 1 16.6 1.8 41,535 y 21 1 14.2 1.8 39,738 y 24 1 15.8 2.2 81,645 y 17

p 13 d 13 176 46 2 98 0 0

9 NL

y 19 d 16 95 35 3 94 3 0 35 5.75 1.09 14.75 3,676 Management Team o 16 t 14 82 17 5 95 0 0 11 5.50 0.83 21.86 12,074 Management Team f 14 y 14 79 11 13 87 0 0 11 5.50 0.83 18.66 14,729 Management Team d 13 o 13 88 23 3 97 0 0 11 5.50 0.84 23.75 7,744 Management Team

JVAAX 1 14.1 1.5 26,887 y 30

t 17 d 10 120 17 0 100 0 0 d 16 s 15 66 39 6 94 0 0 a 14 s 12 623 12 1 99 0 0 p 14 o 12 116 27 2 96 1 1 y 19 s 12 100 68 2 97 0 1 a 16 p 15 55 17 0 98 2 0 p 20 a 20 33 10 15 85 0 0 a 14 p 13 193 32 1 98 0 2 a 14 y 13 482 11 0 100 0 0 p 13 d 12 242 66 1 99 0 0 d 15 p 12 323 8 0 100 0 0 d 19 a 13 284 26 3 97 0 0 a 19 p 18 — 60 3 97 0 0 p 26 i 18 36 16 4 94 0 2 p 19 a 18 98 62 0 99 0 1 a 23 t 22 75 51 4 96 0 0 p 22 a 18 59 13 2 98 0 0 p 17 a 16 65 6 3 96 0 0 t 17 u 9 44 41 0 100 0 0 t 22 p 19 61 12 7 93 0 0 p 18 y 16 60 46 2 98 0 0 t 21 d 12 35 55 0 100 0 0 a 19 t 19 136 21 0 99 0 1

1 5.25 1.25 28.36 10,331 Management Team

6 NL 2 NL

0.87 15.47

157 Perkins/Preloger (7.3/7.3)

0.35 14.72 4,682 Management Team 0.93 42.21 1,884 Management Team 0.66 29.83 21,907 John Linehan (0.5) 0.82 31.48 22,397 Mark Finn (6.3)

a 23 d 13 37 39 2 98 0 0 17 NL

7 NL 4 NL 9 NL 2 NL 8 NL 1 NL 1 NL 1 NL 9 NL

1.14 16.56 1,057 Diane Jaffee (14.4)

1.08 47.41

404 Fialco/Torray (8.0/25.3)

0.26

30.7 20,197 Management Team

VHDYX 1 16.9 2.4 76,835 s 16 VUVLX 1 13.5 1.6 29,220 y 25

0.16 27.53 15,657 Coleman/OReilly (0.2/0.2)

0.26

16.5 1,328 Management Team

1 15.8 1.9 72,942 y 21

0.08 32.62 37,844 Nejman/OReilly (0.0/21.3) 0.34 34.44 44,475 Management Team 0.39 19.18 16,475 Management Team

VVIAX

VWNFX 1 14.3 1.7 64,916 y 22 VWNDX 4 14.7 1.6 34,729 y 28

a 18 d 15 145 28 2 97 0 1 12 NL

— 22.1 3.4 9,464 t 20

4 — 1.23 — 1,218 —

AKREX 7 23.6 2.6 18,139 y 30 TWHIX 8 23.1 4.2 12,178 t 23 ARTMX 8 24.7 4.1 12,666 p 23 BARAX 8 28.8 3.8 9,351 d 23 BGRFX 8 26.5 3.5 4,385 t 26 BUFMX 8 23.7 3.8 6,698 a 24 CIPMX 8 19.1 2.5 6,231 d 20 ACTWX 8 23.2 3.7 5,062 p 29 ACRNX 8 22.5 3.4 4,312 p 25 BIOPX 7 50.6 4.4 17,867 a 49

2 NL 7 NL

1.34 23.65 4,848 Management Team 1.0 20.86 5,061 Management Team

4 Clsd 1.19 38.29 8,164 Management Team

2 NL 3 NL 6 NL 2 NL 0 NL 5 NL 2 NL

1.31 56.25 2,490 Andrew Peck (12.7) 1.29 64.0 6,082 Ronald Baron (21.3)

1.38 15.48 1.01 14.91 1.28 14.1 0.84 14.98

268 Management Team 444 Carlsen/Male (1.2/14.3) 799 Management Team 352 Frank/Szafranski (0.4/1.0)

0.79 19.02 6,175 Management Team

8 22.0 3.2 6,618 a 37

d 21 t 16 74 21 12 87 0 1 10 NL

ETGLX

1.38 23.84 1,569 Barksdale/Kuruvilla (5.5/7.8)

FAMVX 8 18.2 2.5 11,237 y 31

t 24 p 17 40 8 9 91 0 0

4 NL

1.18 62.55

994 Fox/Putnam (16.0/29.3)

20.5 4.2 11,215

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