(PUB) Investing 2016

39

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market Style Cash Cap Box Flow ($Mil)

# of

Turn- over

Recent Composition

Sales

Total

UK/W. North Latin

Asia ex-

Hold-

(% of Assets)

Charge Expense NAV Assets

Europe Amer Amer Japan Japan Other ings

% Cash Stock Bond Other % Ratio% ($)

($Mil)

Portfolio Manager (Tenure Years)

— 0.9 5,801 55 6 1 17 14 4.3 30,036 58 4 0 13 8 11.4 26,449 71 3 0 18 6 7.0 33,556 41 4 2 12 26 5.3 26,793 45 7 3 8 22 9.1 29,290 54 7 0 13 10 1 7 9.2 40,002 59 14 1 11 7 6.1 2,242 79 3 0 7 4 7.4 24,513 56 15 3 5 12 4.4 39,724 69 1 0 13 12 9.8 4,374 46 6 1 22 23 4.6 1,515 55 7 0 23 12 4.6 35,591 40 11 7 12 12 6.3 27,870 53 15 1 14 11 6.4 15,878 58 5 0 17 11 10.3 37,380 52 20 1 14 10 7.0 15,131 63 9 0 17 6 5.1 30,403 63 1 0 22 12 6.1 12,274 29 7 3 21 13 12.0 20,022 40 20 0 11 10 5.9 44,884 71 11 2 8 3 4 10.5 38,370 52 6 1 17 15 7.5 5,869 18 3 0 13 17 6.7 24,175 58 5 0 17 13 3.9 29,508 68 7 2 9 7 3.7 9,607 42 1 5 4 49 1 4 4 11.6 34,543 49 19 10 3 17 6.9 12,304 63 7 0 12 7 2.8 26,425 65 2 1 17 10 3.5 2,120 58 6 2 8 22 8.6 15,749 75 8 1 6 6 7 1 5.0 1,894 40 1 3 21 24 5.6 19,491 56 2 1 16 15 6.6 28,636 46 7 3 14 24 5.1 31,354 59 2 1 18 13 5.9 28,940 59 11 1 1 8 7.4 18,765 63 5 0 20 9 5.0 21,924 56 6 0 21 15 4.8 24,354 45 6 3 17 22 5.0 1,336 38 13 2 15 28 8.7 1,751 54 1 0 23 15 5 8 5.8 31,868 48 7 1 11 20 4.4 30,348 49 3 1 22 12 4.8 17,942 44 7 3 17 23 12.8 53,965 58 19 0 5 16 4 4 7 — 6.2 39,414 28 52 1 6 8 8.1 45,479 30 44 1 3 14 11.1 55,125 28 48 0 5 7 7.2 2,763 18 44 2 6 16 10.9 31,538 27 64 0 3 5 4 4 7 8 1 8 5 7 7 7 7 4 7 8 1 7 4

1 — 14 1 184 33 0 103 62 2 481 28 2 180 25 1 86 34 0 74 45 0 41 43 0 53 23 0 60 28 1 141 50 7 84 18 3 221 31 3 208 60 2 95 26 1 4116 0 5 55 12 1 106 27 0 37 50 0 53 51 0 22 52 0 47 71 5 94 25 0 70 48 0 65 46 1 107 10 1 219 39 3 122 25 2 126 32 0 163 12 2 173 28 1 957 1 1 161 12 0 47 9 0 80 25

4 96 -1 0 — 1.32

— 1,682 —

AAIPX TWIEX

8 92 0 2 98 0 8 86 1 1 88 2 11 89 0 4 94 0 6 94 0 10 90 0 4 96 0 0 99 0 1 98 0 0 97 0 2 98 0 3 96 0 2 98 0 2 98 0 0 100 0 16 81 0 2 96 0 4 96 0 37 52 6 5 93 0 5 93 0 -5 100 0 2 98 0 3 95 0 3 96 0 3 95 0 2 97 0 8 91 0 8 92 0 5 95 0 6 93 0 19 81 0 1 99 0 1 98 0 1 97 0 0 99 0 5 92 0 2 95 0 5 91 0 0 99 0 0 98 0 2 93 1 9 90 0 2 88 1 1 99 0

0 NL 1.07 17.43 2,482 Management Team 0 NL 1.17 11.08 1,616 Gandhi/Gendelman (8.2/1.2)

AEPGX 7

0.83

5 5.75

44.86 123,018 Management Team

IGAAX AINTX ARTIX ARTJX

8 5.75 0.91 28.71 10,418 Management Team 0 NL 1.26 12.85 139 Rupal Bhansali (4.3) 2 Clsd 1.17 27.86 17,056 Management Team 0 Clsd 1.52 22.99 926 Hamker/Yockey (4.2/14.3) 0 Clsd 1.2 32.31 11,064 O’Keefe/Samra (9.5/13.6) 0 NL 1.15 13.7 5,630 Management Team

ARTKX 4

CIVVX ACINX

0.93

1 NL

39.36 6,200 Egan/Mendes (13.0/13.0)

0.54 0.64

DFISX

1 NL 3 Clsd 0 NL

17.6 9,631 Management Team 36.36 53,802 Management Team

DODFX 1

FDIVX FIGRX FIGFX

1.0 34.24 21,140 William Bower (15.1)

0 NL 0.99 37.99 10,150 William Kennedy (11.5) 0 NL 0.97 11.03 1,618 Jed Weiss (8.5)

FOSFX

0 NL 1.04 40.59 5,113 Vincent Montemaggiore (4.2)

0.2

FSIIX

0 NL

35.69 14,332 Management Team

SGOVX 7

15 73 1 11 Clsd 1.16 23.47 14,350 Brooker, Jr./McLennan (6.2/7.6)

FMIJX

3 NL 0.98 28.82 3,651 Management Team

HAINX 4 HLMNX 7

0.76

2 NL

60.96 40,758 Management Team

0 NL 1.16 17.42 5,723 Management Team

IVIOX

5 Clsd 1.25 15.82 3,909 de Lardemelle/de Vaulx (7.6/7.6) 0 Clsd 1.3 18.42 3,551 Lees/Richyal (6.7/6.7) 2 NL 0.99 15.42 1,099 Management Team 5 NL 1.28 13.03 1,039 Management Team 0 NL 1.09 7.05 1,447 Management Team 1 NL 1.25 20.39 1,452 Benjamin Segal (10.8) 1 Clsd 0.95 21.17 26,392 Herro/Taylor (23.6/7.3) 2 Clsd 1.35 14.46 2,626 Herro/Manelli (20.5/4.9) 1 5.75 1.14 36.62 22,757 Dunphy/Evans (4.1/20.1)

JOHAX 7

MSILX LLINX

EXWAX 7

NIQVX OAKIX

OAKEX 2

OIGAX

PRIDX TRIGX PRITX

1 NL 0 NL 0 NL

1.2 53.33 4,445 Justin Thomson (17.3)

0.84 0.83

13.11 11,629 Jonathan Matthews (5.8) 15.44 14,200 Richard Clattenburg (1.1)

TROSX 4 TBGVX 1

0 NL 0.84 8.99 11,348 Raymond Mills (9.3) 0 NL 1.37 24.43 8,909 Management Team

0 193

8

USIFX

1 535 17

1 NL 1.12 26.4 3,414 Management Team

VTMGX 4 VFWAX 4

0.09 0.13 0.31 0.42 0.47 0.46 0.12

1 3772 4 2532 2 3465

3 3 9

1 NL 3 NL 1 NL 3 NL 3 NL 4 NL 1 NL

11.81 53,154 Franquin/Louie (3.2/0.0) 27.42 24,683 Franquin/Hales (0.2/0.2) 36.66 3,324 Miller/Perre (0.7/0.2) 16.72 2,977 Dobbs/Thomas (16.3/5.8) 21.08 21,069 Management Team 31.71 7,551 Management Team 24.66 197,576 Louie/Perre (0.2/7.7)

VFSVX VINEX

0 335 42

VWIGX 7

2 174 29 4 162 36

VTRIX VTIAX JVIAX

3 6038

3

2 45 32

2 5.75 1.41 28.78 1,559 Matthew Benkendorf (0.1)

1 — 54 1 421 35 2 337 27 2 609 33 0 58 78

3 96 1 0 — 1.3

— 1,562 —

CWGIX 4 ANWPX 7 SMCWX 8 ARTHX 7

0.77 0.75

5 5.75 1 5.75

43.9 82,186 Management Team 35.48 58,675 Management Team

9 5.75 1.07 43.13 27,308 Management Team 0 NL 1.37 15.5 271 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm