(PUB) Investing 2016

31

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)

3.9 9,578 t 20 2.9 13,077 t 30

a 19 p 19 y 28 u 12 p 28 d 16 t 18 y 13

— 24.1

— 66 24 18 81 17 66 76

3 97

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0 0 0 0 1 0 0 0 0 0

4 — 7 NL 12 NL 4 Clsd 12 Clsd 2 Clsd

1.25 — 1.46 69.15 0.92 85.68 1.11 32.06 0.63 32.4 0.77 73.32 0.46 22.45 1.23 28.69 1.14 — 1.13 45.08 1.03 59.43 1.11 34.33 0.1 50.2 1.38 35.62 1.18 22.81 0.89 18.6 0.91 26.98 0.99 25.47 0.47 10.92 0.1 63.58 0.09 148.72 0.27 28.3 1.23 46.25 1.4 13.19 1.18 — 1.01 14.59 1.19 18.75 1.21 23.95 1.25 18.29 0.79 39.81 0.79 47.75 0.84 95.76 0.73 32.36 1.1 19.37 1.15 18.88 0.69 15.38 0.8 24.94 0.44 25.85 1.33 — 1.21 26.82 1.31 5.79 1.3 28.19 1.26 71.41 1.0 17.65 1.4 21.7 1.38 15.84 0.95 14.49

1,252 —

HFCSX 8 20.2 JAENX 8 22.6 MVALX 8 19.9 POAGX 8 16.7 RPMGX 8 23.8 VMGRX 8 18.7 WPFRX 7 17.1

15

85 93 92 95 92 95 96

2,190 Management Team 6,436 Brian Demain (8.2)

8,298 a 29 6,251 a 28 5,753 d 32 9,344 p 25 8,977 t 29 9,804 y 29 4,012 t 30 4,300 a 26 3,532 a 15 3,065 p 50 8,161 t 21 3,817 t 31

3.8 1.9 2.5 3.1

6 8 5 7 5 4

581 Cordisco/England (2.3/14.0)

a 30 p 18 155 13 d 17 a 17 149 27 p 20 y 14 100 93

6,664 Management Team 25,360 Brian Berghuis (23.5)

2.8

4 NL 7 NL 3 — 0 NL 0 NL

4,376 Management Team

3.0 16,669 a 25 2.0 6,951 t 17

d 22 p 15 p 16 y 15 t 24 p 18 p 19 y 18 t 21 p 15 r 22 d 18 y 13 a 13 d 17 p 16 r 21 i 12 t 21 o 13

33

3

472 Edmund Nicklin, Jr. (18.0)

— 18.3

— 65 42 22 38 25 47 32

2 97

1,568 —

CAAPX 2 14.5 ARGFX 2 15.5

1.9 1.8 1.3 2.0

1 1

99 99

1,777 Fidler/Rogers, Jr. (6.1/13.2)

2,087 Management Team 4,185 Management Team 15,851 Management Team 3,656 Management Team

2 15.7

CHTTX

0 100 0 100

4 Clsd

FSEMX 8 20.7

y 15 t 15 3322

7

2 NL

4 14.7

1.1 17,685 t 24

FEAFX

39 35

6

96

-2

10 Clsd

FMIMX 6 16.4

1.9 1.9 1.3

43 29 37 70 21 51 38 29

11

89 97 83 83 98

4 Clsd

1,160 Management Team 3,314 Daniel Kozlowski (4.5) 3,819 Management Team 756 Management Team 1,132 Higgins/Palmer (7.5/6.0)

5 13.6 5 18.4 4 17.9 5 16.1

JSVAX LLSCX OSTFX VCVLX

2

4 NL

17 17

10 Clsd 18 NL 17 NL

1.9 16,681 d 22 1.5 10,249 a 18

y 15 o 14 152 90

0

VEXAX 9 20.7 VIMAX 8 20.3 VSEQX 5 14.1 WEHIX 5 18.2 WPSRX 5 17.1 WHGMX 6 19.2

3,497 a 15

y 15 t 15 3357

2.0

6

0 100 0 100 0 100

2 NL 2 NL 0 NL 5 NL 0 NL

44,558 Donald Butler (18.0) 66,220 Donald Butler (17.6) 6,151 Management Team

2.4 10,944 t 18

a 16 p 15 372 11 p 16 y 13 428 70

3,845 t 19 3,870 t 41 4,539 a 35 2,907 p 21

2.1 2.0 2.1

i 12 p 11 d 17 y 17 a 21 y 14 t 14 p 13 t 19 a 18 a 22 r 21 p 16 t 14

38 26

19

81 99

311 Weitz/Weitz (4.0/13.0)

22

4

1

226 Knuth/Nicklin, Jr. (18.0/18.0)

2.0

66 51

2

98

3 NL

467 Management Team

1.6 9,206 y 21 1.7 11,221 y 22

— 15.7

— 59

3 97

5 —

1,401 —

ACMVX 2 17.8 ARTQX 2 15.0

p 13 o 12 114 66

2 6 5 7 4

98 94 95 93 96 90 98 78 69 99 94 88 91 93 98 96 96 95 96 96

5 Clsd 2 Clsd

6,357 Management Team 6,031 Management Team

8,342 y 24 2,804 p 39 4,845 y 26 6,452 t 29 8,445 y 21 3,581 a 31 3,753 y 39 5,816 y 20 8,114 y 23 7,393 y 27 9,691 y 30 3,201 a 44 2,079 t 23 3,470 p 19 2,634 a 64 2,022 a 31 1,719 d 25 1,924 y 22

1.3 1.4 1.7

62 31 49 19 63 27

3 13.4

DEFIX

4 NL

573 Delafield/Sellecchia (22.1/22.1)

DHMAX 5 18.5

2 5.00

1,295 Management Team 3,913 Thomas Soviero (12.5) 40,210 Management Team 8,284 Management Team

2 14.7 5 14.5 2 16.7 2 13.4

1.2 17,074 t 25

d 14 p 13 115 a 18 y 14 894

FLVCX

4

4 NL

FLPSX FDVLX FPPTX

1.7 1.6 1.2 0.8 1.3 1.9 1.5 1.4 4.4 3.1 3.0 4.6 3.8 2.7 2.1

9

10

37 NL 11 NL

p 13 a 12 285 80

2

o 28 p 14 o 16 a 16

28 38 26 37

22 27

0 Clsd

856 Ahitov/Bryan (2.5/8.1) 240 Pitkowsky/Trauner (4.7/4.7)

GOODX 2 22.9 HIMVX 2 12.1 JMCVX 5 18.3 TRMCX 2 17.7 VASVX 2 13.5

12 NL 1 NL

p 14 a 13 208 13

1

671 Management Team

p 15 s 12 t 11 s 11

84 49 99 32

6

2 NL

4,626 Management Team 11,438 David Wallack (15.0) 9,669 Management Team

12

4 Clsd

p 19 t 17 128 24

9

9 NL

3.5 2,857 a 24

d 18 p 17 d 18 t 18 p 21 a 15 a 19 t 17 d 26 p 5 t 17 p 17 a 23 t 18 p 19 a 18

— 25.6 9 34.1 9 24.4 8 26.0 9 46.6

— 79 72 45 54 65 94 15 39 11 66 17 68 97 80 37

3 97

2 —

849 —

ARTSX ATASX BSCFX BCSIX

7 2 3 4 5 4 4

2 Clsd

1,300 Management Team 173 Holland/Tasho (5.8/15.1) 4,342 Clifford Greenberg (18.2) 2,710 Management Team 1,187 Cuellar/Male (1.0/17.7)

1 NL 5 NL

0 Clsd 5 Clsd

BUFSX 9 32.9 CSMVX 9 18.4

5 NL

236 Alexander Thorndike (16.0)

9 23.0

CIPSX

1 Clsd

1,407 Management Team

20.0 4.1 11,204

17.0 1.5 9,136

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