(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)

2.7 106,286 a 17 2.5 43,520 a 18 1.8 19,346 t 27 2.2 38,863 t 20 2.0 82,278 y 20 1.8 55,608 y 25 1.4 46,763 y 24 2.2 51,822 y 20 1.8 55,599 y 22 3.0 73,207 d 16 3.1 92,165 p 14 1.4 28,673 a 21 2.4 59,736 s 29 1.8 54,015 y 21 3.0 98,170 y 15 2.0 58,784 y 26 1.7 55,767 y 26 1.8 70,347 y 24 1.8 52,085 y 23 1.5 42,001 a 23 0.9 14,404 y 34 1.3 53,806 y 30 2.3 36,148 s 31 1.5 56,441 y 31 2.4 60,197 y 25 1.6 31,940 y 30 2.1 70,797 y 25 2.1 58,143 o 15 1.7 46,828 a 24 1.9 51,411 y 21 1.8 53,801 y 20 1.9 44,956 y 21 1.9 42,932 y 24 2.4 79,143 y 15 2.5 81,940 s 15 1.4 21,869 y 23 2.0 76,944 y 21 1.8 66,157 d 22 1.6 35,655 y 25 3.7 10,056 p 19 2.9 19,817 y 31 4.5 12,759 t 21 4.5 13,775 p 26 1.6 1,227 u 56

d 15 y 15

— 19.9 4 19.5

— 62

3 97 0 100

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

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

4 — 1 NL 6 NL 7 NL

0.99 —

4,317 —

d 15 y 14 3641

0.05 54.38 453,727 Nejman/OReilly (0.3/21.7)

VTSAX

3

WPVLX 7 20.7 WVALX 7 21.4

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

40 31 35 47 — 63 67 51

20 19

80 80

1.26 28.34 1.23 39.16 1.07 — 1.11 20.91 0.94 24.47 0.94 9.12 0.98 8.43 0.58 37.14 0.58 41.0 1.0 12.92 1.14 20.14 0.79 17.95 0.77 18.99 0.99 23.2 0.52 171.16 1.04 19.2 0.66 26.68 0.71 55.15 1.09 15.67 1.25 24.21 0.85 22.93 0.83 19.13 0.84 25.12 1.04 14.37 1.25 29.94 0.87 16.14 0.35 15.41 0.93 44.72 0.66 31.25 0.81 33.16 1.0 17.68 1.08 49.58 0.26 32.05 0.16 28.88 0.26 17.22 0.08 34.32 0.34 35.78 0.39 20.02 1.23 — 1.34 24.97 1.0 22.36 1.19 41.32 1.31 61.18 1.29 69.04 1.02 16.08 1.2 14.93 0.88 14.86

793 Hinton/Weitz (10.1/33.2) 868 Hinton/Perkins (10.1/4.7)

— 17.4

1 98

6 —

2,456 —

PNBAX 1 13.6 AAGPX 1 13.5

0 2 1 2 5 3 1 3 3 3 1 6 5 5 1 2 3 1 6 1 4 2 3 3

99 98 81 97 89 95 99 90 97 96 97 99 31 94 94 92 86 98 84 97 97 99 94 99 96 97 97

6 5.50

399 Management Team 8,675 Management Team 11,434 Management Team 3,111 Management Team 39,457 Management Team 81,928 Management Team 779 Management Team

p 13 d 13 211 32

15 NL 3 NL 5 NL

1 18.9

o 18 d 15

TWEIX

89 88

3 16

TWVLX 1 17.1 AMRMX 1 18.1 AWSHX 4 19.2

o 19 d 16 119 48 p 16 y 11 234 27 d 14 a 12 210 24

8 5.75

5 5.75 19 NL 10 NL 1 NL 2 NL 10 NL 7 NL 8 NL 8 NL 32 5.75 25 5.25 12 5.50 11 5.50 11 5.50 1 5.25 1 5.25 8 NL 1 NL 15 NL 0 5.00 8 NL 8 NL 6 NL 6 NL 9 NL 1 NL 1 NL 1 NL 9 NL 10 NL 4 — 2 NL 4 NL

1 13.9

r 18 y 16

ARTLX

38 74

AUXFX 4 18.2

d 26 y 19 113

6

10

253 J. Jeffrey Auxier (17.1) 361 Management Team

1 16.7 4 19.5

a 16 d 15 d 15 p 14 t 17 d 15 a 23 d 18 t 29 y 11 o 15 d 14

BVEFX GSFTX

56 32 86 25 52 20 67 15 55 40 99 49

9,541 Management Team

DHLAX 1 15.2 DODGX 1 14.6

3,848 Management Team 56,008 Management Team 2,777 Bruce Berkowitz (16.7) 5,467 Scott Offen (4.8) 8,234 Management Team

6 47.5 1 17.3 1 16.4 1 16.0 1 14.0 1 17.9 1 15.1 4 18.6 1 17.2 1 17.1 4 16.5 1 16.3 1 16.3 1 16.9 1 14.5 1 17.2

FAIRX FEQTX FEQIX

27

18 24

d 12 o 12 173 46 d 20 y 18 110 36

TEBIX

3,762 Management Team

HWAAX 1 12.9

a 25 p 15 o 17 t 14 f 15 y 14 o 14 d 13

57 62 85 15 79 11 85 23

11

466 Davis/Green (13.7/13.7)

ACSTX LCEAX ACGIX

11,946 Management Team 18,077 Management Team 7,812 Management Team 12,736 Hart/Simon (12.1/12.1) 10,380 Management Team 4,890 Management Team 1,915 Management Team 22,183 John Linehan (0.8) 23,064 Mark Finn (6.7) 1,083 Diane Jaffee (14.7) 421 Fialco/Torray (8.3/25.7) 23,430 Management Team

16

d 13 p 12 102 22 t 15 d 11 113 26

OIEIX

JVAAX 1 16.2

d 17 s 13

JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

61 39

163 Perkins/Preloger (7.7/7.7)

a 13 d 12 651 12

y 21 d 11

41 39

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

a 17 p 14 a 23 p 19

55 18 32 11

0 100

15

85 97

p 14 d 13 228 32 a 14 y 13 428 11 p 12 o 11 248 66

2

VHDYX 1 18.4 VUVLX 1 13.9

0 100 0 100 0 100

16,656 Coleman/OReilly (0.5/0.5)

1,375 Management Team

1 16.9

d 15 p 12 322

VVIAX

8

39,724 Nejman/OReilly (0.3/21.7)

VWNFX 1 15.2 VWNDX 1 14.8

y 21 a 13 277 26 a 17 d 15 149 28

2 2

98 97

46,370 Management Team 17,089 Management Team

t 19 a 18 p 26 i 18

— 25.2

— 62 43 16

3 97

1,229 —

AKREX 7 25.7 TWHIX 8 23.6 ARTMX 8 26.0 BARAX 8 29.7 BGRFX 8 27.4 BUFMX 8 25.3 CIPMX 8 21.8 ACTWX 8 23.8

8 0 5 2 1 6 5

89 99 95 98 98 94 95

5,203 Management Team 5,181 Management Team 8,208 Management Team 2,584 Andrew Peck (13.1) 6,171 Ronald Baron (21.7)

p 21 a 15 107 62

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

67 51 57 14

3 Clsd

9,393 d 24 4,523 t 24 7,574 t 22 7,133 d 21 5,433 p 24

3.9 3.5 3.8 2.7 3.7

2 NL 5 NL 2 NL 0 NL 6 NL

65

7

67 12 62 46 33 55

402 Carlsen/Male (1.7/14.7)

1,072 Management Team

0 100

340 Frank/Szafranski (0.7/1.3)

23.5 4.7 11,073 17.6 1.7 54,530

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