(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)

— 16.6 2.2 97,834 a 18

y 16 d 15 — 61 3 97 0 0 y 14 d 14 35 36 20 79 0 1 d 13 a 12 — 58 2 97 0 1 d 14 o 14 61 26 0 100 0 0 o 15 d 15 89 56 3 75 2 20 o 19 d 13 127 45 2 98 0 0 d 17 a 12 213 27 5 92 1 2 y 15 d 13 181 24 2 97 0 1 a 15 d 14 57 32 3 97 0 0 d 15 p 14 78 27 1 99 0 0 d 16 a 16 50 24 2 98 0 0 a 25 d 17 68 17 2 98 0 0 u 18 t 16 57 2 24 53 3 20 d 16 a 11 111 49 2 98 0 0 d 14 p 13 174 40 2 98 0 0 d 14 p 12 211 32 2 98 0 0 14 NL 4 NL 5 NL y 20 r 13 44 74 2 98 0 0 16 NL d 22 y 21 110 4 11 89 0 0 12 NL 2 NL 1 NL 9 NL 8 NL 9 NL 8 NL 8 NL

4 — 1.01 — 3,946 —

WVALX 7 21.2 2.5 33,136 t 23

1.15 37.1

914 Hinton/Perkins (9.5/4.1)

— 15.1 1.8 78,751 y 21

6 — 1.08 — 2,203 —

PNBAX 1 13.8 1.7 67,171 y 27 AAGPX 1 14.2 1.5 51,766 y 26

5 5.50 1.11 18.87

494 Management Team

0.94 21.53 8,572 Management Team 0.93 7.88 8,549 Management Team 0.97 7.28 3,313 Management Team 0.58 32.85 33,760 Management Team

1 17.7 1.9 46,420 s 18

TWEIX

TWVLX 1 16.4 1.5 47,305 y 23 AMRMX 1 16.4 2.8 68,492 p 19 AWSHX 4 17.9 2.7 89,305 p 16

5 5.75

0.58 36.79 72,778 Management Team

5 5.75

1 14.4 1.0 26,056 a 25

ARTLX

0.98 10.25 1.14 18.61 0.78 15.28

922 Management Team 246 J. Jeffrey Auxier (16.5) 322 Management Team

AUXFX 1 16.6 2.1 51,325 s 28

1 16.4 1.8 48,664 y 21 4 17.0 2.7 93,039 y 17

BVEFX GSFTX

0.77 17.15 7,900 Management Team

DHLAX 4 15.4 2.0 58,632 y 27 DODGX 4 15.8 1.7 60,944 y 27

0 5.00 0.99 20.15 3,260 Management Team

0.52 151.6 54,845 Management Team 1.06 16.4 2,869 Bruce Berkowitz (16.1) 0.66 23.53 4,728 Scott Offen (4.2) 0.69 48.57 7,407 Management Team

2 10.1 1.1 12,043 y 58 1 15.6 1.9 67,880 y 27 1 14.4 1.8 54,063 y 23 1 16.4 1.5 44,513 a 21 1 15.7 1.5 39,462 y 27 1 14.1 1.3 52,624 y 30 1 18.2 2.0 28,519 s 31 1 15.4 1.4 52,980 y 33 1 16.3 2.0 71,844 y 26 1 15.8 1.9 57,718 o 14 1 15.4 1.5 42,044 y 28 1 15.0 1.6 50,946 y 23 1 14.5 1.6 45,059 d 23 1 15.4 1.9 43,260 y 23 1 15.6 1.8 39,951 y 22 1 15.8 2.1 74,020 y 17

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

y 20 d 17 89 40 2 94 3 0 37 5.75 1.13 13.52 3,781 Management Team

d 16 a 15 147 19 7 88 3 2 20 5.75

1.1 24.64 14,754 Management Team

o 14 t 13 85 17 2 98 0 0 12 5.50 0.83 20.03 11,253 Management Team y 16 f 13 84 11 10 90 0 0 12 5.50 0.84 17.21 12,053 Management Team d 14 a 12 91 23 3 97 0 0 11 5.50 0.84 21.89 7,389 Management Team

JVAAX 1 14.5 1.3 28,332 y 32

t 16 d 10 120 17 3 97 0 0 d 18 s 14 68 39 5 95 0 0 a 13 y 13 631 12 0 100 0 0 p 13 o 11 117 10 2 96 1 1 y 22 p 11 102 54 0 98 0 1 a 16 p 15 56 18 0 100 0 0 p 19 a 18 35 16 10 90 0 0 a 14 p 13 185 32 3 97 0 0 y 14 a 14 435 11 0 100 0 0 p 13 d 12 250 66 1 99 0 0 d 16 a 12 331 6 0 100 0 0 d 18 a 13 266 26 3 97 0 0 a 19 p 19 — 64 3 97 0 0 p 26 i 18 38 16 1 96 1 2 a 19 p 19 100 62 0 99 0 1 p 21 d 21 68 51 5 95 0 0 d 22 a 19 61 14 2 98 0 0 p 19 a 14 78 7 0 98 0 2 t 19 u 9 47 42 1 98 0 1 t 23 p 20 55 12 8 92 0 0 a 18 p 16 60 46 1 98 0 1 t 18 y 15 39 17 0 100 0 0 a 18 t 16 167 17 0 100 0 0 d 20 t 17 76 21 18 81 0 1

0 5.25 1.25 26.25 10,500 Management Team

5 NL 1 NL

0.87 14.32

156 Perkins/Preloger (7.1/7.1)

0.35 13.44 4,646 Management Team 0.92 38.68 1,779 Management Team 0.66 27.01 22,831 John Linehan (0.2)

a 23 d 15 38 47 5 94 0 2 13 NL

6 NL

3 NL 7 NL 2 NL 8 NL 1 NL 1 NL 1 NL 9 NL

0.82 29.32 22,416 Mark Finn (6.1)

1.14 15.36 1.15 42.92

967 Diane Jaffee (14.2) 370 Fialco/Torray (7.7/25.1)

0.26 28.63 18,979 Management Team

VHDYX 1 16.0 2.2 76,442 s 15 VUVLX 1 13.5 1.6 28,005 y 25

0.18

25.7 15,307 Michael Perre (9.2)

0.26 15.25 1,292 Management Team 0.09 30.31 37,259 Gerard OReilly (21.1) 0.36 31.74 44,981 Management Team 0.38 17.61 17,021 Management Team 1.34 21.91 4,053 Management Team 1.0 19.51 4,872 Hollond/Walsh (8.9/7.9) 1.2 35.69 8,729 Management Team 1.31 52.54 2,349 Andrew Peck (12.5) 1.29 58.98 5,800 Ronald Baron (21.1)

1 15.1 1.7 73,343 y 23

VVIAX

VWNFX 1 13.9 1.7 59,872 y 22 VWNDX 1 14.3 1.6 33,157 y 28

a 18 d 15 141 28 3 97 0 1 13 NL

— 22.4 3.4 9,189 t 20

4 — 1.25 — 1,181 —

AKREX 7 27.3 3.5 19,562 y 30 TWHIX 8 22.8 4.1 11,033 t 23 ARTMX 8 25.8 4.6 13,212 a 24 BARAX 8 27.0 4.2 9,732 p 23 BGRFX 8 24.0 3.4 4,374 t 22 BUFMX 8 25.5 3.4 6,516 a 25 CIPMX 8 22.1 2.7 6,851 d 20 ACTWX 8 22.7 3.1 4,751 p 26 ACRNX 9 22.9 2.8 3,421 p 27 BIOPX 7 47.6 5.2 16,915 a 48

3 NL 6 NL

4 Clsd

3 NL 2 NL 8 NL 2 NL 0 NL 5 NL 4 NL

1.38 14.74 1.01 14.1 1.28 12.38 0.84 13.93

270 Management Team 436 Carlsen/Male (1.0/14.1) 682 Management Team 372 Frank/Szafranski (0.2/0.7)

0.79 17.56 6,361 Management Team

8 20.4 3.1 6,705 a 38

ETGLX

9 NL

1.38 22.36 1,545 Barksdale/Kuruvilla (5.2/7.6)

15.2 1.6 49,428 18.5 3.9 10,536

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