(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)

— 0.8 5,915 54 7 1 17 15 4.5 33,304 62 4 0 13 8 9.3 23,386 70 3 0 15 7 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 9.9 4,501 47 6 1 22 22 4.9 1,541 52 7 0 22 11 4.6 35,591 40 11 7 12 12 6.4 27,641 54 15 1 14 11 6.9 17,539 58 6 0 17 11 11.0 37,262 49 20 1 14 10 5.3 31,139 62 1 0 22 11 8.0 15,029 64 10 0 18 5 6.3 13,418 29 7 3 21 12 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 9.0 6,462 18 3 0 12 18 9.3 23,620 56 4 0 21 9 3.9 29,508 68 7 2 9 7 3.7 9,607 42 1 5 4 49 4 4 4 11.7 36,307 50 21 7 3 16 7.0 13,575 66 7 0 10 6 2.8 26,425 65 2 1 17 10 3.5 2,120 58 6 2 8 22 8.5 15,853 73 9 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 5.6 16,152 62 5 0 20 9 5.1 20,313 53 9 0 21 14 4.8 24,961 45 6 3 18 22 4.9 1,378 36 14 2 16 26 7.1 1,747 55 1 0 23 14 5 8 5.7 30,821 44 8 2 11 22 4.2 29,268 49 3 2 22 15 4.9 18,346 44 7 2 17 22 12.8 53,965 58 19 0 5 16 1 4 7 — 6.5 41,970 28 53 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 4 7 7 8 1 7 4

1 — 13 1 181 33 0 111 62 2 481 30 2 180 25 1 86 34 0 74 45 0 41 43 0 53 23 0 60 28 2 140 50 7 84 18 3 225 31 3 211 60 2 96 26 1 4170 0 5 55 12 0 98 27 2 44 50 0 53 51 0 22 52 0 46 71 4 97 25 0 70 48 0 65 46 1 110 10 1 219 39 3 122 25 2 126 32 0 163 12 1 961 1 0 178 28 1 159 12 0 47 9 0 80 25

3 96 1 1 — 1.31

— 1,666 —

AAIPX TWIEX

6 94 0 1 96 0 8 86 1 1 88 2 11 89 0 4 94 0 6 94 0 10 90 0 4 96 0 0 100 0 2 96 0 0 97 0 1 98 0 2 97 0 4 96 0 1 99 0 2 98 0 16 81 0 2 96 0 4 96 0 37 52 4 7 93 0 5 93 0 -5 100 0 3 97 0 3 96 0 3 96 0 3 95 0 2 96 0 8 91 0 8 92 0 5 95 0 6 93 0 19 81 0 1 99 0 2 97 0 1 97 0 1 97 0 4 93 0 1 95 0 3 95 0 0 99 0 0 98 0 2 93 1 9 90 0 2 88 1 1 99 0

1 NL 1.07 16.65 2,539 Management Team 3 NL 1.17 10.72 1,538 Gandhi/Gendelman (8.3/1.3)

AEPGX 7

0.83

5 5.75

44.1 120,021 Management Team

IGAAX AINTX ARTIX ARTJX

8 5.75 0.91 27.81 10,531 Management Team 0 NL 1.26 12.54 148 Rupal Bhansali (4.5) 2 Clsd 1.17 27.28 16,723 Management Team 0 Clsd 1.52 22.03 899 Hamker/Yockey (4.4/14.5) 0 Clsd 1.21 31.49 11,506 O’Keefe/Samra (9.7/13.7) 0 NL 1.15 13.15 5,785 Management Team

ARTKX 4

CIVVX ACINX

0.99

0 NL

38.37 5,749 Egan/Mendes (13.2/13.2)

0.54 0.64

DFISX

2 NL 3 Clsd 0 NL

16.81 9,804 Management Team 34.69 54,314 Management Team

DODFX 1

FDIVX FIGRX FIGFX

1.0 33.26 19,866 William Bower (15.2)

0 NL 0.99 36.95 9,618 William Kennedy (11.7) 0 NL 0.97 11.05 1,694 Jed Weiss (8.7)

0.2

FSIIX

0 NL

34.69 16,361 Management Team

FOSFX

0 NL 1.04 39.52 5,109 Vincent Montemaggiore (4.4)

SGOVX 7

16 73 0 10 Clsd 1.16 23.22 14,411 Brooker, Jr./McLennan (6.3/7.7)

FMIJX

3 NL 0.98 29.1 4,025 Management Team

HAINX 4 HLMNX 7

0.76

2 NL

58.75 38,798 Management Team

0 NL 1.16 17.67 5,932 Management Team

IVIOX

7 Clsd 1.25 15.72 3,821 de Lardemelle/de Vaulx (7.7/7.7) 0 Clsd 1.3 18.59 3,727 Lees/Richyal (6.9/6.9)

JOHAX 7

MSILX LLINX

2 NL 0.99 14.48 914 Management Team 5 NL 1.28 12.35 969 Management Team

EXWAX 7

0 NL 1.09

6.9 949 Management Team

NIQVX OAKIX

1 NL 1.25 19.51 1,425 Benjamin Segal (11.0) 1 Clsd 0.95 19.12 23,062 Herro/Taylor (23.7/7.5) 2 Clsd 1.35 13.68 2,425 Herro/Manelli (20.7/5.1) 2 5.75 1.14 35.15 22,350 Dunphy/Evans (4.2/20.2)

OAKEX 2

OIGAX

PRIDX TRIGX PRITX

1 NL 0 NL 0 NL

1.2 52.31 4,584 Justin Thomson (17.5)

0.84 0.83

12.66 11,943 Jonathan Matthews (6.0) 15.19 14,602 Richard Clattenburg (1.2)

TROSX 4 TBGVX 1

0 NL 0.84 8.73 11,848 Raymond Mills (9.5) 0 NL 1.37 24.56 8,872 Management Team

0 193

1

USIFX

1 579 17

1 NL 1.12 25.54 3,310 Management Team

VTMGX 4 VFWAX 4

0.09 0.13 0.31 0.42 0.47 0.46 0.12

1 3752 3 2532 2 3432

3 3 9

2 NL 3 NL 2 NL 3 NL 3 NL 3 NL 0 NL

11.34 53,948 Franquin/Louie (3.3/0.2) 26.58 24,849 Franquin/Hales (0.3/0.3) 35.43 3,340 Miller/Perre (0.8/0.3) 16.02 3,011 Dobbs/Thomas (16.5/6.0) 20.77 21,282 Management Team 30.97 7,666 Management Team 23.89 204,706 Louie/Perre (0.3/7.9)

VFSVX VINEX

0 327 42

VWIGX 7

2 172 29 4 157 36

VTRIX VTIAX JVIAX

3 5994

3

2 45 32

2 5.75 1.41 28.66 1,475 Management Team

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

2 97 0 0 — 1.3

— 1,546 —

CWGIX 4 ANWPX 7 SMCWX 8 ARTHX 7

0.77 0.75

5 5.75 1 5.75

43.51 81,015 Management Team 35.4 58,479 Management Team

9 5.75 1.07 43.46 27,601 Management Team 0 NL 1.37 15.85 274 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm