(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)

— 18.7 2.7 99,577 a 17

y 15 d 15 — 62 2 97 0 0 y 17 d 14 35 47 18 82 0 0 d 13 a 12 — 62 2 96 1 1 o 13 d 12 67 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 30 3 96 0 1 a 16 d 15 56 32 3 97 0 0 d 15 p 14 84 27 4 95 0 1 d 16 t 15 52 20 1 99 0 0 a 24 d 16 66 15 1 99 0 0 y 29 t 25 50 40 22 50 10 17 p 13 o 13 208 32 2 98 0 0 15 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 1 NL 2 NL 9 NL 7 NL d 16 o 15 100 49 1 99 0 0 10 NL 7 NL

4 — 0.99 — 4,193 —

WVALX 7 19.6 2.3 36,876 t 23

1.15 38.25

887 Hinton/Perkins (9.9/4.5)

— 17.0 2.0 78,659 y 20

6 — 1.07 — 2,378 —

PNBAX 1 13.9 1.7 59,487 y 26 AAGPX 1 13.5 1.4 46,250 y 26

6 5.50 1.11 20.33

404 Management Team

0.94 23.11 8,562 Management Team 0.93 8.89 10,718 Management Team 0.97 8.12 2,980 Management Team 0.58 36.36 38,403 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

0.58 40.11 80,416 Management Team

6 5.75

1 13.6 1.3 27,257 a 24

ARTLX

1.0 12.38 1.14 19.69 0.79 17.07

771 Management Team 250 J. Jeffrey Auxier (16.9) 357 Management Team

AUXFX 4 17.7 2.3 57,830 s 30

1 16.7 1.8 54,015 y 21 4 18.7 2.9 96,236 y 16

BVEFX GSFTX

0.77 18.68 9,277 Management Team

DHLAX 1 15.6 2.0 58,776 y 27 DODGX 1 15.4 1.7 56,602 y 26

0 5.00 0.99 21.89 3,684 Management Team

0.52 159.2 55,615 Management Team 1.04 19.0 2,889 Bruce Berkowitz (16.5) 0.66 25.96 5,295 Scott Offen (4.7) 0.71 52.75 7,837 Management Team

6 12.4 1.4 1,246 u 32 1 17.0 1.8 69,422 y 24 1 15.7 1.8 51,555 y 23 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 17.4 1.8 44,126 y 23 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

p 13 d 12 179 46 4 96 0 0

8 NL

y 19 d 16 95 35 3 94 3 0 35 5.75 1.09 14.82 3,717 Management Team o 16 t 14 82 17 5 95 0 0 11 5.50 0.83 21.46 11,647 Management Team f 14 y 14 79 11 13 87 0 0 11 5.50 0.83 18.99 16,110 Management Team d 13 o 13 88 23 3 97 0 0 11 5.50 0.84 23.56 7,633 Management Team

JVAAX 1 15.7 1.6 30,365 y 31

t 16 d 10 117 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 16 p 14 53 17 0 98 2 0 p 20 a 20 33 10 15 85 0 0 a 14 p 13 218 32 2 96 0 2 y 14 a 14 430 11 0 100 0 0 p 14 d 11 265 66 1 99 0 0 d 15 p 12 320 8 0 100 0 0 d 19 a 14 272 26 2 97 0 0 p 26 i 18 43 16 8 89 1 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 46 11 89 0 0 p 19 y 17 62 46 5 95 0 0 t 17 d 14 34 55 0 100 0 0 d 18 t 18 138 21 0 98 0 2 — — — — — 62 0 0 0 0

1 5.25 1.25 28.66 10,146 Management Team

6 NL 2 NL

0.87 15.56

162 Perkins/Preloger (7.5/7.5)

0.35 15.01 4,750 Management Team 0.93 41.99 1,850 Management Team 0.66 30.11 22,116 John Linehan (0.7) 0.81 31.92 22,758 Mark Finn (6.5)

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

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

1.14 16.78 1,053 Diane Jaffee (14.6)

1.08 47.91

408 Fialco/Torray (8.2/25.5)

0.26 31.39 21,431 Management Team

VHDYX 1 17.4 2.4 78,072 s 15 VUVLX 1 13.7 1.5 21,251 y 23

0.16

28.3 16,022 Coleman/OReilly (0.3/0.3)

0.26 16.67 1,363 Management Team

1 16.3 1.9 74,727 y 22

0.08 33.16 38,473 Nejman/OReilly (0.2/21.5) 0.34 34.15 45,720 Management Team 0.39 18.88 16,783 Management Team

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

— — — — — —

0 — 1.23 — 1,207 —

AKREX 7 25.7 2.9 19,817 y 31 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 21.8 2.7 7,133 d 21 ACTWX 8 23.3 3.7 5,627 p 30 ACRNX 8 23.1 3.7 4,584 p 25 BIOPX 7 50.6 4.4 17,867 a 49

2 NL 5 NL

1.34 23.83 4,939 Management Team 1.0 21.38 5,082 Management Team

4 Clsd 1.19 39.05 8,299 Management Team

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

1.31 57.75 2,522 Andrew Peck (12.9) 1.29 65.48 6,122 Ronald Baron (21.5)

1.38 15.85 1.01 15.13 1.28 14.38 0.88 13.88

261 Michael Lippert (10.3) 397 Carlsen/Male (1.5/14.5) 864 Management Team 336 Frank/Szafranski (0.6/1.2)

0.82 17.31 5,681 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 23.38 1,401 Barksdale/Kuruvilla (5.7/8.0) 1.18 63.25 1,008 Fox/Putnam (16.2/29.5)

FAMVX 8 18.1 2.5 11,593 y 31

t 23 p 17 39 8 11 89 0 0

4 NL

22.4 4.5 10,549 16.9 1.7 53,793

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