(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)

— 19.5 2.7 114,863 a 18 4 19.3 2.5 44,518 a 18

d 15 y 15 — 62 2 97 0 0 d 14 y 14 3617 3 1 99 0 0

4 — 0.98 — 4,355 —

0.05

VTSAX

0 NL

53.0 466,269 Nejman/OReilly (0.5/21.8)

WPVLX 4 18.8 1.8 25,477 t 23 WVALX 7 18.9 2.2 47,974 y 18

y 19 i 17 37 31 9 82 9 0 17 NL t 18 i 16 35 47 7 83 10 0 17 NL

1.26 27.93 1.23 38.22

775 Hinton/Weitz (10.2/33.4) 855 Hinton/Perkins (10.2/4.8)

— 16.9 2.0 80,047 y 20

d 13 a 12 — 62 1 97 1 1 o 12 d 12 70 51 0 99 0 1

5 — 1.06 — 2,463 —

PNBAX 1 15.5 1.9 53,325 y 26 AAGPX 1 14.5 1.5 47,773 y 26

6 5.50 1.11 20.56

386 Management Team

p 14 o 12 213 32 2 98 0 0 14 NL

0.94 24.13 8,473 Management Team

1 18.9 2.2 51,822 y 20

o 18 d 15 89 88 1 81 3 16 o 19 d 16 119 48 2 97 0 0 p 15 a 12 240 27 3 88 4 5 p 14 d 14 218 30 2 94 1 3

TWEIX

3 Clsd 0.94 8.87 11,531 Management Team

TWVLX 1 17.1 1.8 55,599 y 22 AMRMX 1 19.0 3.0 75,565 d 16 AWSHX 4 19.7 3.1 98,335 a 14

5 NL

0.98 8.31 3,013 Management Team 0.58 36.08 39,582 Management Team

9 5.75

0.58 40.22 81,978 Management Team

7 5.75

1 14.0 1.5 33,097 a 22

t 17 o 16 38 74 5 95 0 0 19 NL d 27 y 20 118 6 8 92 0 0 10 NL

ARTLX

1.0 12.87 0.98 19.86 0.79 17.62

808 Management Team 251 J. Jeffrey Auxier (17.2) 359 Management Team

AUXFX 4 18.2 2.4 59,396 s 27

1 16.7 1.9 58,031 y 21 1 19.2 3.0 95,095 y 15

d 17 a 16 57 32 3 97 0 0 a 14 d 14 88 25 4 96 0 1 t 16 d 15 54 20 1 99 0 1 a 21 d 16 65 15 0 100 0 0 t 29 y 11 55 40 24 31 22 24 o 16 p 11 104 49 4 96 0 0 o 13 d 13 181 46 5 95 0 0

BVEFX GSFTX

3 NL 2 NL

0.77 18.51 9,473 Management Team

DHLAX 1 15.5 2.0 58,224 y 28 DODGX 1 15.1 1.7 61,869 y 27

0 5.00 0.99 22.82 3,841 Management Team

0.52 172.24 56,229 Management Team 1.04 18.79 2,600 Bruce Berkowitz (16.8)

9 NL 7 NL 9 NL 9 NL

6 47.5 1.6 1,227 u 56 1 17.0 1.8 63,440 y 26 1 16.7 1.8 53,939 y 23 1 17.2 1.6 44,291 a 23 1 14.8 1.3 58,716 y 34 1 17.7 2.2 36,368 s 27 1 16.0 1.5 61,081 y 35 1 18.3 2.3 59,794 y 26 1 17.8 2.0 62,415 y 25 1 17.5 2.2 57,876 o 15 4 17.5 1.7 54,742 a 24 1 17.5 1.9 52,037 y 22 1 17.1 1.9 51,497 y 21 1 17.2 1.8 44,830 y 21 1 15.1 1.9 44,380 y 25 1 17.2 2.4 79,143 y 15

FAIRX FEQTX FEQIX

0.66

26.2 5,433 Scott Offen (5.0)

0.71 54.26 8,212 Management Team

d 21 y 17 104 35 5 89 6 0 34 5.75 1.09 15.36 3,813 Management Team

TEBIX

HWAAX 1 13.1 1.0 14,292 y 35

a 21 o 15 57 62 1 89 6 4 30 5.25 1.25 23.95

455 Davis/Green (13.8/13.8)

o 16 d 12 82 15 1 99 0 0 10 5.50 0.85 22.66 11,761 Management Team f 16 y 15 80 11 17 83 0 0 13 5.50 0.83 18.83 18,420 Management Team d 15 o 13 85 23 2 98 0 0 10 5.50 0.84 25.17 7,763 Management Team

ACSTX LCEAX ACGIX

p 12 d 12 100 20 3 97 0 0 t 16 d 10 113 26 2 98 0 0 d 16 s 13 58 39 5 95 0 0 a 14 y 12 649 12 1 99 0 1 a 12 o 11 119 27 2 97 0 1 d 16 a 12 120 68 5 95 0 0 a 19 t 12 54 17 0 100 0 0 a 22 p 19 31 10 18 82 0 0 p 14 d 13 228 32 2 97 0 2 a 15 y 13 423 11 1 99 0 0 p 12 o 11 248 66 0 100 0 0 d 14 p 12 332 8 0 100 0 0 y 21 a 13 277 26 2 98 0 0 a 19 t 18 — 62 3 97 0 0 p 24 i 18 43 13 4 91 3 2 p 21 a 15 106 62 0 99 0 0 a 22 d 19 66 21 5 95 0 0 p 23 a 15 57 13 0 100 0 0 p 16 a 16 65 6 0 100 0 0 a 20 p 18 67 46 6 94 0 0 p 18 a 18 63 40 6 94 0 0 t 17 y 13 31 55 0 100 0 0

OIEIX

1 5.25 1.04 14.03 12,685 Hart/Simon (12.2/12.2) 1 5.25 1.25 29.65 10,030 Management Team

JVAAX 1 16.3 1.6 31,685 y 31

JPLTX SFLNX SSHFX PRFDX TRVLX TGIGX TORYX VEIPX

7 NL 1 NL

0.86 15.74

162 Perkins/Preloger (7.8/7.8)

0.35 15.12 4,690 Management Team 0.93 44.54 1,908 Management Team

y 23 d 11 37 39 5 95 0 0 16 NL

0.66

7 NL 7 NL 7 NL 6 NL 9 NL 1 NL 1 NL 1 NL 9 NL

30.9 21,858 John Linehan (1.0)

0.81 32.8 23,421 Mark Finn (6.8) 1.0 17.23 1,069 Diane Jaffee (14.9)

1.08 48.5

419 Fialco/Torray (8.5/25.8)

0.26 31.14 23,602 Management Team

VHDYX 1 18.4 2.5 80,246 s 15 VUVLX 1 13.9 1.4 21,869 y 23

0.16 0.26

28.2 16,731 Coleman/OReilly (0.7/0.7) 16.9 1,374 Management Team

1 16.9 2.0 75,498 y 22

0.08 33.56 44,481 Nejman/OReilly (0.5/21.8) 0.34 35.03 45,728 Management Team

VVIAX

VWNFX 1 15.2 1.8 66,157 d 22 VWNDX 1 14.8 1.6 35,655 y 25

a 17 d 15 149 28 2 97 0 2 10 NL

0.39

19.7 17,023 Management Team

— 24.5 3.8 10,154 p 19

4 — 1.23 — 1,237 —

AKREX 7 27.8 3.1 20,539 y 29 TWHIX 8 23.6 4.5 12,759 t 21 ARTMX 8 29.1 4.9 14,807 p 27 BARAX 8 31.1 4.1 10,342 d 25 BGRFX 8 27.0 3.6 4,692 t 25 BUFMX 8 25.3 3.8 7,574 t 22 CIPMX 8 22.3 2.9 7,357 d 23 ACTWX 8 22.8 3.4 5,622 p 26

5 NL 4 NL

1.34 24.65 5,248 Management Team 1.0 21.28 5,124 Management Team

7 Clsd 1.19 39.28 8,067 Management Team

1 NL 5 NL 2 NL 0 NL 7 NL

1.31 58.38 2,534 Andrew Peck (13.2) 1.29 63.96 5,963 Ronald Baron (21.8)

1.02 15.45

394 Carlsen/Male (1.7/14.8)

1.2 14.88 1,104 Management Team

0.88 14.7

336 Frank/Szafranski (0.9/1.5)

17.1 1.7 52,910 22.5 4.5 10,643

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