(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)

— 18.2 2.6 94,656 a 18

y 15 d 15 — 62 2 97 0 0 y 17 d 14 35 47 18 82 0 0 d 13 a 12 — 61 2 97 0 1 d 14 o 13 64 26 0 100 0 0 s 15 o 14 86 88 1 78 3 18 o 20 d 15 119 48 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 16 a 16 56 32 0 100 0 0 d 15 p 14 82 27 5 95 0 0 d 16 t 14 50 20 2 98 0 0 a 24 d 16 66 15 1 99 0 0 y 29 t 25 50 40 22 50 10 17 p 13 d 12 209 32 2 98 0 0 14 NL 3 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 3 NL 2 NL 9 NL 7 NL d 16 o 15 103 49 2 98 0 0 10 NL 7 NL

4 — 0.99 — 4,144 —

WVALX 7 19.6 2.3 36,876 t 23

1.15 38.95

919 Hinton/Perkins (9.8/4.4)

— 16.5 2.0 77,590 y 20

5 — 1.07 — 2,340 —

PNBAX 1 13.4 1.7 67,332 y 25 AAGPX 1 12.9 1.4 44,944 y 25

5 5.50 1.11 20.54

510 Management Team

0.94 23.47 8,844 Management Team 0.93 8.72 10,280 Management Team 0.97 8.15 2,980 Management Team 0.58 35.82 37,364 Management Team 0.58 39.73 79,319 Management Team 1.0 12.32 1,014 Management Team

1 18.3 2.2 45,055 y 16

TWEIX

TWVLX 1 16.9 1.7 53,069 y 22 AMRMX 1 17.2 3.0 69,664 p 18 AWSHX 4 18.4 3.0 90,084 p 15

8 5.75

6 5.75

1 13.6 1.3 27,257 a 24

ARTLX

AUXFX 4 17.7 2.3 57,830 s 30

1.14 19.6 0.79 17.16

250 J. Jeffrey Auxier (16.8) 363 Management Team

1 14.4 1.9 49,244 y 18 4 18.4 2.9 95,227 y 16

BVEFX GSFTX

0.77 18.45 9,056 Management Team

DHLAX 4 15.5 2.0 57,497 y 27 DODGX 1 15.4 1.7 56,602 y 26

0 5.00 0.99 22.25 3,733 Management Team

0.52 164.16 54,582 Management Team 1.04 18.81 2,925 Bruce Berkowitz (16.4)

6 12.4 1.4 1,246 u 32 1 16.9 1.8 66,284 y 23 1 15.5 1.8 50,793 y 22 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 16.1 1.6 46,495 a 26 1 15.4 1.8 47,912 y 21 1 14.5 1.7 43,929 d 21 1 16.9 1.8 41,826 y 22 1 14.2 1.8 39,738 y 24 1 16.6 2.4 78,336 y 16

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

0.66

25.8 5,169 Scott Offen (4.6)

p 13 d 12 179 46 4 96 0 0

0.71 52.68 7,855 Management Team

8 NL

y 19 d 16 95 35 3 94 3 0 35 5.75 1.09 14.81 3,740 Management Team o 16 t 14 82 17 5 95 0 0 11 5.50 0.83 21.9 11,975 Management Team f 14 y 14 79 11 13 87 0 0 11 5.50 0.83 18.71 15,369 Management Team d 13 o 13 88 23 3 97 0 0 11 5.50 0.84 24.06 7,852 Management Team

JVAAX 1 15.5 1.6 29,964 y 30

t 17 d 10 118 17 2 98 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 15 p 15 55 17 0 99 1 0 p 20 a 20 33 10 15 85 0 0 a 14 p 13 218 32 2 96 0 2 y 14 a 13 429 11 0 100 0 0 p 14 d 11 265 66 1 99 0 0 d 15 p 12 321 8 0 100 0 0 d 19 a 14 272 26 2 97 0 0 a 19 p 19 — 61 3 97 0 0 p 26 i 18 36 16 4 94 0 2 p 21 a 15 104 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 a 20 p 19 64 12 11 89 0 0 p 18 y 16 60 46 2 98 0 0 t 19 d 13 35 55 0 100 0 0 d 19 t 18 142 21 0 99 0 1

1 5.25 1.25 28.74 10,423 Management Team

6 NL 2 NL

0.87 15.61

160 Perkins/Preloger (7.4/7.4)

0.35 14.84 4,727 Management Team 0.93 43.25 1,910 Management Team 0.66 30.16 21,996 John Linehan (0.6) 0.81 31.99 22,287 Mark Finn (6.4)

y 24 t 11 38 39 3 97 0 0 15 NL

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

1.14 16.92 1,070 Diane Jaffee (14.5)

1.08 48.17

411 Fialco/Torray (8.1/25.4)

0.26

31.1 20,761 Management Team

VHDYX 1 17.1 2.4 76,668 s 15 VUVLX 1 13.7 1.5 21,251 y 23

0.16 27.93 15,822 Coleman/OReilly (0.2/0.2) 0.26 16.66 1,344 Management Team 0.08 32.99 38,201 Nejman/OReilly (0.1/21.4) 0.34 34.84 45,413 Management Team 0.39 19.47 16,728 Management Team

1 16.1 1.9 73,417 y 22

VVIAX

VWNFX 1 14.4 1.7 63,615 y 21 VWNDX 1 15.1 1.6 33,169 y 25

a 18 d 15 145 28 2 98 0 1 10 NL

— 23.1 3.5 9,493 t 20

4 — 1.23 — 1,214 —

AKREX 7 23.6 2.6 18,139 y 30 TWHIX 8 23.3 4.2 12,151 t 24 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 24.4 3.8 7,406 t 23 CIPMX 8 19.1 2.5 6,231 d 20 ACTWX 8 22.7 3.7 5,411 p 30 ACRNX 8 22.6 3.6 4,508 p 25 BIOPX 7 50.6 4.4 17,867 a 49

2 NL 5 NL

1.34 23.91 4,935 Management Team 1.0 21.35 5,127 Management Team

4 Clsd 1.19 39.6 8,124 Management Team

2 NL 3 NL 6 NL 2 NL 0 NL 4 NL 2 NL

1.31 57.95 2,469 Andrew Peck (12.8) 1.29 65.2 6,071 Ronald Baron (21.4)

1.38 16.04 1.01 15.37 1.28 14.31 0.86 15.48

260 Management Team 414 Carlsen/Male (1.3/14.4) 835 Management Team 361 Frank/Szafranski (0.5/1.1)

0.81 19.59 6,135 Management Team

8 22.3 2.7 6,063 a 37

d 19 t 17 78 21 3 95 0 2 11 NL

ETGLX

1.38 24.14 1,503 Barksdale/Kuruvilla (5.6/7.9) 1.18 63.52 1,009 Fox/Putnam (16.1/29.4)

FAMVX 8 18.2 2.5 11,237 y 31

t 24 p 17 40 8 9 91 0 0

4 NL

17.2 1.7 53,123 21.3 4.3 11,551

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