(PUB) Morningstar FundInvestor

29

Current Portfolio Style

Costs

Operations

Recent Composition (% of Assets)

Total # of Hold- ings

Current Equity Style Box

Average Market Cap ($Mil)

Turn- over %

Price/ Earn Ratio

Price/ Book Ratio

Sales Charge %

Total Assets ($Mil)

Top Three Sectors (% of Stock)

Expense Ratio %

NAV ($)

Cash Stock Bond Other Foreign

Portfolio Manager (Tenure Years)

— 14.3 2.0 44,086 a 16

y 16 d 13 — 61 2 93 2 1 y 18 d 12 35 20 23 75 0 2 d 19 t 16 37 3 17 83 0 0 t 19 d 17 44 7 16 84 0 0 o 13 d 13 — 60 4 95 0 1 o 16 d 15 62 27 1 99 0 0 o 17 d 15 106 83 2 72 1 25 d 17 o 17 135 48 2 97 0 1 t 13 d 12 211 22 7 88 2 2 o 13 y 12 157 22 1 97 0 1 o 23 a 21 38 66 7 87 0 6 d 14 o 13 190 30 5 95 1 0 15 NL 8 NL 7 NL d 20 y 15 178 8 11 82 5 2 15 NL 8 NL 0 NL 0 NL 6 NL

9 — 1.09 — 2,927 —

WVALX 7 16.9 2.3 39,717 a 23

1.20 40.14 1,024 Management Team 1.26 23.93 9,947 Management Team 0.76 22.30 11,522 Management Team

4 14.3 2.7 65,595 s 39

YAFFX

YACKX 4 14.1 2.5 62,072 s 34

— 13.1 1.7 44,840 y 21

8 — 1.16 — 1,923 —

PNBDX 1 11.7 1.6 49,277 y 23 AAGPX 1 12.1 1.4 55,528 y 26 TWEIX 1 14.1 1.8 45,019 y 20 TWVLX 1 13.1 1.6 40,287 y 21 AMRMX 1 15.1 2.3 43,197 p 20 AWSHX 4 14.4 2.4 71,650 p 21 ARTLX 1 12.0 1.5 36,241 y 24 AUXFX 1 13.5 2.0 34,203 s 34 GSFTX 4 15.0 2.5 70,328 y 16 DHLAX 4 14.4 1.5 53,985 y 26 DODGX 4 13.8 1.6 51,283 a 24

1.11 17.72

696 Management Team

0.96 24.04 9,745 Management Team

8 Clsd 0.93 8.65 10,476 Management Team

1.00 7.36 2,829 Management Team 0.63 31.57 27,644 Management Team

5 5.75

0.62 35.45 62,571 Management Team

9 5.75

1.06 12.54 1.25 18.59

999 Management Team 285 J. Jeffrey Auxier (14.0)

0.75 16.81 8,357 Management Team

d 16 a 13 87 23 3 96 0 1 s 15 d 14 49 28 2 98 0 0

4 NL

0 5.00 1.06 19.57 2,063 Management Team

0.52 142.06 46,913 Management Team

y 22 d 19 76 11 0 98 0 2 17 NL

1

3.8 0.4 27,056 y 75

t 12 u 8 26 2 16 80 0 4

FAIRX FEQTX FEQIX

1 Clsd 1.00 36.18 7,784 Bruce Berkowitz (13.5)

0.66 22.17 5,128 Scott Offen (1.7) 0.66 53.54 9,141 Management Team

1 14.3 2.0 62,109 y 19 1 13.5 1.8 50,543 y 21

d 13 o 11 129 78 1 99 0 0 10 NL d 13 o 13 310 43 6 88 0 6 11 NL

GOODX 1

6.4 1.9 12,527 a 43

y 29 t 7 34 11 34 62 0 3

4 NL

1.10 26.79

477 Pitkowsky/Trauner (2.2/2.2)

ACSTX 1 12.2 1.4 55,177 y 25

d 15 o 14 76 12 4 96 0 0 14 5.50 0.88 20.76 10,014 Management Team

4 14.2 1.7 48,199 y 27 1 13.7 1.9 62,753 d 21 1 14.2 1.9 71,568 d 21 1 12.6 1.4 31,266 y 20 1 13.5 1.5 46,032 y 23

d 15 s 12 77 25 7 93 0 0

ACGIX ICAEX ICSLX TESIX

8 5.50 0.83 24.46 8,041 Management Team

y 17 t 15 43 75 4 96 0 0 11 NL

0.90 45.53 1,013 Management Team 0.90 43.26 4,593 Management Team

t 16 y 14 31 64 3 97 0 0

6 NL

s 17 a 12 168 22 13 82 4 1 22 5.75 1.12 25.07 14,884 Management Team

d 19 o 14 103 52 7 93 0 1 13 NL

JPLTX

1.00 15.55

133 Perkins/Preloger (4.5/4.5)

0.32 12.46 2,714 Management Team 0.94 41.28 1,765 Management Team 0.68 29.92 27,437 Brian Rogers (27.7) 0.85 31.04 15,665 Mark Finn (3.5)

SFLNX 1 13.4 1.8 45,083 o 16 SSHFX 1 13.7 1.4 39,889 d 26 PRFDX 1 13.3 1.7 38,191 y 21

y 14 a 12 618 32 0 96 4 0

7 NL

y 23 a 13 43 56 2 98 0 0 14 NL o 14 p 14 122 16 6 93 1 1 d 19 o 11 117 56 2 98 0 0 p 16 a 12 57 23 5 95 0 0 o 13 d 12 397 11 0 100 0 0 o 15 p 11 194 69 1 99 0 0 o 15 d 13 417 22 0 100 0 0 d 17 o 13 275 22 3 97 0 0 d 16 o 15 66 14 8 92 0 0 a 19 p 19 — 82 3 97 0 0 t 16 p 10 41 13 4 94 1 1 p 19 a 17 125 72 0 99 0 0 d 19 t 18 72 46 5 95 0 0 t 24 a 14 65 13 1 98 0 0 p 23 a 13 102 14 4 96 0 1 t 23 p 22 62 256 2 98 0 0 t 25 p 19 50 31 2 98 0 0 d 18 p 16 73 41 3 97 0 0 s 14 d 13 164 26 3 96 0 1 10 NL 1 NL 2 NL 2 NL 9 NL a 18 o 13 133 68 2 97 0 1 19 NL 6 NL 2 NL 8 NL 1 NL 6 NL 3 NL 3 NL 5 NL y 18 a 15 54 15 0 99 0 1 14 NL a 18 t 17 357 16 0 100 0 0 10 NL 4 NL 4 NL 8 NL

1 12.9 1.6 42,521 y 23 1 14.0 1.8 36,406 y 23 1 13.6 2.1 68,269 y 14

TRVLX

TGIGX VEIPX

1.14 14.13

929 Diane Jaffee (11.6)

0.30 27.45 12,590 Management Team 0.20 22.36 8,757 Michael Perre (6.6)

VHDYX 1 13.7 2.1 69,067 s 16 VUVLX 1 12.4 1.6 29,479 y 23

0.29 13.84

833 Management Team

0.10 26.42 24,477 Gerard O’Reilly (18.5)

1 12.7 1.6 50,596 y 21

VVIAX

0.35 33.37 43,009 Management Team 0.35 17.65 14,939 Management Team 1.10 16.02 1,246 Shive/Shinnick (16.8/4.6)

VWNFX 1 12.4 1.6 53,142 y 20 VWNDX 4 12.5 1.4 28,167 y 24

1 12.8 1.7 35,549 y 21 — 19.4 2.8 7,082 t 19

FMIEX

6 — 1.30 — 1,012 —

AKREX 7 17.6 1.9 13,496 y 45 TWHIX 8 21.4 2.6 8,461 t 20 ARTMX 8 23.1 3.6 8,899 a 34 BARAX 8 23.6 3.3 7,851 p 27 BGRFX 8 18.5 2.7 3,481 t 23 BRWIX 8 19.2 2.5 9,865 a 25 BUFMX 8 22.2 2.6 5,579 a 27 CIPMX 8 17.3 2.4 6,739 a 20 ACTWX 8 17.2 1.9 4,211 p 26 ACRNX 8 15.6 2.5 3,426 p 22

1.40 18.16 1,929 Charles Akre, Jr. (3.8) 1.01 24.77 4,066 Hollond/Walsh (6.4/5.3)

6 Clsd 1.22 42.12 7,545 Management Team

1.33 56.20 2,330 Andrew Peck (10.0) 1.32 61.92 6,846 Ronald Baron (18.5)

1.08 26.67 1.01 18.81 1.30 13.47 1.03 27.19

808 D’Alonzo/Gates (27.6/2.4) 612 Gasaway/Male (11.6/11.6) 576 Management Team 862 Robert Chalupnik (2.2)

0.78 33.23 18,839 McQuaid/Mohn (17.5/9.5)

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