(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)

2.5 105,127 a 17 2.5 43,669 a 18 1.8 19,346 t 27 2.2 38,863 t 20 2.0 80,265 y 20 1.9 53,623 y 25 1.5 47,746 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 1.9 58,031 y 21 3.0 98,510 y 16 2.0 60,065 y 28 1.7 55,767 y 26 1.9 66,088 y 25 1.8 53,254 y 24 1.5 42,001 a 23 1.0 20,013 y 39 1.3 53,806 y 30 2.3 36,148 s 31 1.5 56,441 y 31 2.3 60,679 y 27 1.6 31,859 y 32 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 45,385 y 22 1.9 42,932 y 24 2.4 79,143 y 15 2.5 81,018 s 15 1.4 21,869 y 23 2.0 77,032 y 22 1.8 66,157 d 22 1.6 35,655 y 25 3.7 10,074 p 19 3.1 20,539 y 29 4.5 12,759 t 21 4.5 13,775 p 26 1.6 1,227 u 56

d 15 y 15

— 19.8 4 19.5

— 62

2 97

0 0 0 0 1 0 0 0 2 0 0 0 0 0 0 0 0 0 3 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0

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

4 — 0 NL 6 NL 7 NL

0.99 —

4,307 —

y 14 d 14 3626

0.05 54.2 453,727 Nejman/OReilly (0.4/21.7)

VTSAX

3

0

99 80 80

WPVLX 7 20.7 WVALX 7 21.4

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

40 31 35 47 — 62 69 51

20 19

1.26 28.4 1.23 39.18 1.07 — 1.11 20.76 0.94 24.41

769 Hinton/Weitz (10.2/33.3) 850 Hinton/Perkins (10.2/4.7)

— 17.5

1 97 0 100

5 —

2,452 —

PNBAX 1 15.0 AAGPX 1 14.1

6 5.50

386 Management Team 8,473 Management Team 11,531 Management Team 3,013 Management Team 39,635 Management Team 81,986 Management Team 792 Management Team

p 14 d 13 210 32

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

99 81 97 89 95 99 90 97 96 99 99 31 96 95 92 89 98 84 97 97 98 94 99 96 97 97 99 85 97

15 NL 3 NL 5 NL

1 18.9

o 18 d 15

TWEIX

89 88

3 16

0.94 0.98

9.0 8.4

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 30

0.58 36.9

8 5.75

0.58 40.68 1.0 13.1 1.14 20.13 0.79 17.92 0.77 18.78 0.99 23.14 0.52 172.69 1.04 18.62 0.66 26.6 0.71 55.12 1.09 15.57 1.25 24.06 0.85 22.85 0.83 18.94 0.84 25.21 1.04 14.21 1.25 29.76 0.87 15.97 0.35 15.42 0.93 44.85 0.66 31.16 0.81 33.23 1.0 17.62 1.08 49.37 0.26 31.69 0.16 28.58 0.26 17.25 0.08 33.95 0.34 35.55 0.39 20.05 1.23 — 1.34 25.0 1.0 22.36 1.19 41.34 1.31 60.67 1.29 67.13 1.02 16.06 1.2 15.1 0.88 15.06

5 5.75 19 NL 10 NL 3 NL 2 NL 10 NL 7 NL 9 NL 9 NL 32 5.75 22 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 7 NL 6 NL 9 NL 1 NL 1 NL 1 NL 9 NL 10 NL 4 — 5 NL 4 NL

1 13.9

r 18 y 16

ARTLX

38 74

AUXFX 4 18.2

d 26 y 19 113

6

10

251 J. Jeffrey Auxier (17.2) 359 Management Team

1 16.7 4 19.5

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

BVEFX GSFTX

57 32 86 25 53 20 67 15 55 40

9,473 Management Team

DHLAX 1 15.6 DODGX 1 14.6

3,841 Management Team 56,553 Management Team 2,600 Bruce Berkowitz (16.7) 5,433 Scott Offen (4.9) 8,212 Management Team

6 47.5 1 17.4 1 16.8 1 16.0 1 14.0 1 17.9 1 15.1 4 18.7 1 17.2 1 17.1 4 16.5 1 16.3 1 16.3 1 17.3 1 14.5 1 17.2

FAIRX FEQTX FEQIX

27

18 24

o 15 d 12 101 49 d 13 p 12 179 46 d 20 y 18 110 35

TEBIX

3,829 Management Team

HWAAX 1 13.0

a 24 p 14 o 17 t 14 f 15 y 14 o 14 d 13

56 62 85 15 79 11 85 23

455 Davis/Green (13.7/13.7)

ACSTX LCEAX ACGIX

11,761 Management Team 18,420 Management Team 7,763 Management Team 12,685 Hart/Simon (12.2/12.2) 10,030 Management Team 4,718 Management Team 1,908 Management Team 22,090 John Linehan (0.9) 23,314 Mark Finn (6.7) 1,069 Diane Jaffee (14.8) 419 Fialco/Torray (8.4/25.7) 23,430 Management Team

16

d 12 p 11 101 20 t 16 d 10 114 26

OIEIX

JVAAX 1 16.6

d 17 s 13

JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

61 39

164 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 18 p 14 a 23 p 19

54 17 32 10

15

p 14 d 13 228 32 a 14 y 14 425 11 p 12 o 11 248 66

2

VHDYX 1 18.6 VUVLX 1 13.9

0 100 0 100 0 100

16,656 Coleman/OReilly (0.6/0.6)

1,375 Management Team

1 17.2

d 15 p 12 325

VVIAX

8

39,724 Nejman/OReilly (0.4/21.7)

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 18 a 18 p 24 i 18

— 24.2

— 62 43 16

3 97

1,234 —

AKREX 7 27.8 TWHIX 8 23.6 ARTMX 8 26.0 BARAX 8 29.7 BGRFX 8 27.4 BUFMX 8 25.3 CIPMX 8 22.3 ACTWX 8 24.0

5 0 5 2 1 6 6

91 99 95 98 98 94 94

5,248 Management Team 5,124 Management Team 8,212 Management Team 2,583 Andrew Peck (13.2) 6,170 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 18 a 18 t 18 d 17

67 51 57 13

3 Clsd

9,393 d 24 4,523 t 24 7,574 t 22 7,357 d 23 5,640 p 24

3.9 3.5 3.8 2.9 3.6

2 NL 5 NL 2 NL 0 NL 6 NL

65

6

67 46 63 46 31 55

394 Carlsen/Male (1.7/14.7)

1,104 Management Team

0 100

336 Frank/Szafranski (0.8/1.4)

17.4 1.7 53,836 23.3 4.7 11,130

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