(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)

2.8 101,786 a 17 1.8 19,346 t 27 2.2 38,863 t 20 2.0 78,439 y 20 1.8 58,310 y 26 1.4 47,214 y 25 2.2 45,055 y 16 1.7 53,069 y 22 3.0 73,207 d 16 3.1 92,165 p 14 1.4 28,673 a 21 2.3 57,830 s 30 1.8 54,015 y 21 2.9 95,885 y 15 1.9 57,889 y 26 1.7 55,767 y 26 1.8 72,565 y 23 1.8 51,855 y 22 1.4 40,352 a 23 1.4 52,381 y 29 2.3 34,267 s 32 1.5 54,239 y 31 1.6 30,533 y 30 2.1 70,797 y 25 2.1 58,143 o 15 1.6 46,495 a 26 1.9 51,411 y 21 1.8 53,801 y 20 1.8 43,894 y 21 1.9 42,932 y 24 2.4 78,336 y 16 2.5 80,686 s 16 1.5 21,251 y 23 2.0 75,557 y 21 1.7 63,615 y 21 1.6 33,169 y 25 3.4 9,667 p 20 2.9 19,817 y 31 4.2 12,151 t 24 4.5 13,775 p 26 1.4 1,246 u 32

y 15 d 15 y 18 d 14 y 18 d 17 d 13 a 12 d 12 o 12

— 18.5

— 62 40 31 35 47 — 62 67 26

2 97

0 0 0 1 0 0 0 2 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0

0 0 0 1 0 0 0 4 3 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 2 0 0 0 0 1 0 2 1 0 0 0 2 0 0 0 2

3 — 6 NL 7 NL

0.99 — 1.18 28.54 1.15 39.46 1.06 — 1.11 20.76 0.94 24.0 0.94 9.07 0.98 8.35 0.58 37.29 0.58 41.1 1.0 12.82 1.14 20.09 0.79 17.78 0.77 19.03 0.99 22.85 0.52 167.72 1.04 19.42 0.66 26.57 0.71 54.46 1.09 15.25 0.83 22.34 0.83 19.3 0.84 24.48 1.25 29.49 0.87 15.99 0.35 15.43 0.93 43.8 0.66 31.12 0.81 33.01 1.14 17.53 1.08 49.29 0.26 32.1 0.16 28.99 0.26 17.25 0.08 34.1 0.34 35.34 0.39 19.66 1.23 — 1.34 25.01 1.0 22.33 1.19 41.18 1.31 60.07 1.29 67.63 1.38 16.65 1.02 16.0 1.28 14.85 0.88 14.64 0.82 18.27

4,244 —

WPVLX 7 20.7 WVALX 7 21.4

20 20

80 80

811 Hinton/Weitz (10.0/33.2) 899 Hinton/Perkins (10.0/4.6)

— 16.6

1 97 0 100

5 —

2,413 —

PNBAX 1 14.0 AAGPX 1 13.8

6 5.50

408 Management Team 8,718 Management Team 11,197 Management Team 3,062 Management Team 39,477 Management Team 82,197 Management Team 753 Management Team

p 13 d 13 208 32

1 1 2 5 3 1 3 3 2 1 6 3 3 5 3 1 6 1 3 2 3

99 78 98 89 95 99 87 97 96 98 99 50 94 97 94 95 87 97 99 94 99 97 97 97 98 85 96

14 NL 3 NL 4 NL

1 18.3

s 15 o 14

TWEIX

86 88

3 18

TWVLX 1 16.9 AMRMX 1 18.1 AWSHX 4 19.2

o 20 d 15 119 48 p 16 y 11 234 27 d 14 a 12 210 30

8 5.75

5 5.75 19 NL 10 NL 1 NL 2 NL 10 NL 7 NL 9 NL 8 NL 35 5.75 11 5.50 11 5.50 11 5.50 1 5.25 8 NL 1 NL 15 NL 8 NL 8 NL 0 5.00 8 NL 6 NL 9 NL 1 NL 1 NL 1 NL 9 NL 10 NL 4 — 2 NL 5 NL

1 13.9

r 18 y 16

ARTLX

38 74

AUXFX 4 17.7

d 24 y 20 110

4

13

252 J. Jeffrey Auxier (17.0) 367 Management Team

1 16.7 4 18.9

a 16 d 15 d 15 p 14 t 16 d 14 a 23 d 18 y 29 t 25 o 16 d 15 y 19 d 16 o 16 t 14 f 14 y 14 d 13 o 13

BVEFX GSFTX

56 32 85 27 51 20 67 15 50 40 98 49 95 35 82 15 79 11 88 23

9,515 Management Team

DHLAX 1 14.6 DODGX 1 14.6

3,857 Management Team 53,716 Management Team 2,879 Bruce Berkowitz (16.6) 5,466 Scott Offen (4.7) 8,064 Management Team 3,686 Management Team 11,912 Management Team 17,665 Management Team 7,743 Management Team 10,255 Management Team 4,792 Management Team 1,896 Management Team 21,773 John Linehan (0.7) 22,521 Mark Finn (6.6)

6 12.4 1 16.8 1 15.8 1 15.7 1 13.8 1 17.4 1 14.8 1 17.2 1 17.1 4 16.1 1 16.3 1 16.3 1 16.9 1 14.5 1 16.6

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

22

10 17

p 13 o 12 180 46

13

JVAAX 1 15.5

t 16 d 10 116 17

d 17 s 13

61 39

160 Perkins/Preloger (7.6/7.6)

a 13 d 12 651 12

y 24 t 11

38 39

p 14 o 13 116 27 d 17 s 12 111 68

a 16 p 13 a 23 p 19

55 17 32 10

0

1,084 Diane Jaffee (14.7)

15

419 Fialco/Torray (8.2/25.6)

a 14 p 13 218 32 a 13 y 13 431 11 p 14 d 11 265 66

2

22,207 Management Team

VHDYX 1 17.5 VUVLX 1 13.7

0 100

16,282 Coleman/OReilly (0.4/0.4)

1

99

1,352 Management Team

1 16.2

d 15 p 12 324

VVIAX

8

0 100

38,797 Nejman/OReilly (0.2/21.6)

VWNFX 1 14.4 VWNDX 1 15.1

d 19 a 14 272 26 a 18 d 15 145 28

2 2

97 98

45,021 Management Team 16,325 Management Team

t 19 a 18 p 26 i 18

— 22.9

— 61 43 16

3 97

1,226 —

AKREX 7 25.7 TWHIX 8 23.3 ARTMX 8 26.0 BARAX 8 29.7 BGRFX 8 27.4 BUFMX 8 24.4 CIPMX 8 21.8 ACTWX 8 21.9 ACRNX 8 22.4 BIOPX 7 48.7

8 0 5 2 1

89 99 95 98 98 98 89 95

5,211 Management Team 5,231 Management Team 7,950 Management Team 2,497 Andrew Peck (13.0) 6,059 Ronald Baron (21.6)

p 21 a 15 104 62

t 21 a 19 p 22 a 18 p 17 a 16 t 21 u 11 a 20 p 19 p 19 y 17 t 19 d 16

67 51 57 13

3 Clsd

9,393 d 24 4,523 t 24

3.9 3.5

2 NL 5 NL 7 NL 2 NL 0 NL 5 NL 3 NL

65

6

4.6 17,206 a 43

47 41 64 46 62 46 34 55

0

251 Michael Lippert (10.4) 412 Carlsen/Male (1.5/14.6) 998 Management Team 339 Frank/Szafranski (0.7/1.2)

7,406 t 23 7,133 d 21 4,987 p 28 4,617 p 22 6,063 a 37

3.8 2.7 3.5 3.5

11

5

0 100

d 20 t 20 139 21

0

98

5,725 Management Team

8 22.3

d 19 t 17

ETGLX

2.7

78 21

3

95

0

2

11 NL

1.38 25.18

1,454 Barksdale/Kuruvilla (5.7/8.1)

17.4 1.7 54,326 23.5 4.8 11,062

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