(PUB) Investing 2015

39

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market Style Cash Cap Box Flow ($Mil)

# of

Turn- Recent Composition

Sales

Total

UK/W. North Latin

Asia ex-

Hold-

over

(% of Assets)

Charge Expense NAV Assets

Europe Amer Amer Japan Japan Other ings % Cash Stock Bond Other % Ratio% ($)

($Mil)

Portfolio Manager (Tenure Years)

— 0.8 5,371 53 7 2 17 16 7.3 33,155 64 2 0 13 9 8.3 35,168 45 3 1 11 23 5.2 25,968 49 7 1 8 20 10.0 43,419 55 6 3 15 15 12.7 2,373 53 4 2 1 37 1 7 8.8 22,050 53 18 0 6 10 5.4 39,185 71 1 0 15 12 7.0 6,120 33 12 0 23 27 7.0 2,970 31 8 3 20 32 5.7 42,793 49 8 6 11 10 1 7 7.1 29,278 50 12 0 15 13 9.8 18,832 56 5 0 13 15 5.4 33,911 63 0 0 21 12 7.9 11,998 30 6 3 22 10 8.5 44,793 81 2 2 8 3 11.0 41,294 49 9 2 14 18 7.3 5,187 21 3 0 16 16 3.6 5,677 22 21 7 2 41 11.9 19,821 44 17 0 22 13 7.6 17,869 63 8 2 8 13 5 2.7 8,224 54 0 7 0 32 7.5 35,864 69 4 1 19 5 7.8 20,828 66 12 8 1 7 10.9 11,591 56 9 1 14 7 6.9 32,316 73 5 0 10 8 4 8.9 2,138 64 0 2 12 18 12.9 15,271 79 5 2 6 5 7.9 34,297 54 9 6 14 11 7.9 1,766 42 3 2 20 25 8.1 24,837 47 5 2 13 24 5.5 20,356 57 2 1 17 13 6.1 33,133 59 1 1 18 13 6.0 1,037 12 22 0 18 44 7.2 4,133 44 16 8 5 18 6.6 60,694 52 7 3 18 17 8 2 6.8 28,896 63 11 1 1 5 9.7 40,911 68 6 1 12 10 5.2 30,008 60 0 0 22 15 5.3 26,765 45 6 3 16 21 5.4 1,403 40 13 2 15 27 7 7.2 1,771 56 0 0 22 17 5.4 30,398 52 4 3 12 21 6.6 33,033 47 1 2 21 14 5.3 19,771 44 7 3 16 21 16.1 46,376 53 15 3 1 25 4 4 7 — 7.5 43,099 28 52 1 6 8 8.1 48,392 34 42 1 4 12 10.2 52,017 32 44 0 6 7 8.4 2,785 17 50 2 4 18 7 7 4 4 4 8 7 1 8

2 — 9 2 186 23 4 468 28 1 219 37 0 83 46 0 58 58 0 58 20 0 63 27 4 42 58 5 240 28 8 94 12 3 247 39 2 215 57 2 167 12 0 90 11 5 58 10 1 111 23 4 67 36 3 30 61 1 69 70 0 20 54 0 45 56 1 73 43 4 86 34 0 65 39 1 65 38 0 107 41 3 79 12 1 213 42 5 130 39 1 968 2

3 96 1 4 92 0 13 86 0 11 86 1 2 94 1 1 99 0 12 87 0 1 99 0 0 99 0 0 99 0 1 94 0 4 94 0 5 93 0 2 97 0 17 73 1 2 97 0 2 97 0 30 57 8 0 97 0 0 100 0 5 95 0 8 92 0 0 98 0 3 96 0 4 90 0 2 97 1 1 96 0 2 97 0 1 97 0 4 92 3 3 96 0 6 92 0 4 92 2 0 99 0 8 90 0 3 97 0 19 80 0 0 98 0 0 98 0 0 95 0 0 99 0 4 95 0 2 96 0 6 91 0 1 94 0 2 98 0 2 97 0 5 92 1 8 92 0 7 93 0

0 — 1.36

— 1,585 —

AAIPX

4 NL 1.06 19.4 2,447 Management Team

0.84

AEPGX 7 IGAAX 4

1 5.75

49.81 127,944 Management Team

1 5.75 0.91 33.17 10,406 Management Team 4 NL 1.17 31.42 18,465 Management Team 0 Clsd 1.5 23.24 955 Hamker/Yockey (3.1/13.2) 1 Clsd 1.2 35.79 11,094 O’Keefe/Samra (8.3/12.4) 0 NL 1.17 15.49 6,602 Management Team 1 5.75 1.49 22.51 252 Christopher Olson (13.4)

ARTIX

ARTJX 8 ARTKX 4

CIVVX LAFAX

0.94 0.64 0.91 0.91

ACINX 8 DODFX 4

1 NL 5 Clsd 2 NL 1 NL 1 NL

43.88 8,039 Egan/Mendes (11.8/11.8) 44.14 64,635 Management Team 36.84 23,964 William Bower (13.9) 40.59 10,796 William Kennedy (10.3) 39.75 14,116 Management Team

FDIVX FIGRX FSIIX

0.2

SGOVX 4 HAINX 4 HLMNX 7 JAOSX 4 JOHAX 7 MSILX 7 IVIOX

9 Clsd 1.15 23.13 14,530 Brooker, Jr./McLennan (5.0/6.4)

0.74

1 NL

69.11 49,526 Management Team

1 NL

1.2 18.62 4,558 Management Team

5 Clsd 1.26 17.0 3,735 de Lardemelle/de Vaulx (6.4/6.4)

0.68

3 NL 0 NL

32.02 2,864 Brent Lynn (14.2)

1.3 20.35 1,875 Lees/Richyal (5.6/5.6)

0 NL 0.99 18.72 1,512 Management Team

LLINX ICEUX

0 NL 1.27 14.44 1,524 Management Team 2 NL 0.95 34.93 2,045 Management Team 1 NL 1.07 7.68 4,940 Management Team 6 NL 1.26 21.06 1,147 Benjamin Segal (9.7) 0 Clsd 0.95 24.96 29,379 Herro/Taylor (22.4/6.2) 2 Clsd 1.31 16.03 3,117 Herro/Manelli (19.3/3.7) 1 5.75 1.14 37.43 19,873 Dunphy/Evans (2.9/18.9) 2 NL 1.01 34.07 5,359 Management Team 1 NL 1.23 53.49 3,533 Justin Thomson (16.2)

EXWAX 7 NIQVX 7

OAKIX

OAKEX 5 OIGAX 7 UMBWX 7

PRIDX PRITX

0.85

1 NL

16.74 13,394 Robert Smith (7.4)

0.86

TRIGX

2 118 45

2 NL

14.54 10,618 Jonathan Matthews (4.7)

TROSX 4

0 159

8

2 NL 0.86 10.07 9,758 Raymond Mills (8.2)

TGICX TAVIX

2 56 260 0 37 22 0 61 37

1 NL 1.38

8.5

27 Rohit Sah (4.0)

2 NL

1.4 16.58 282 Matthew Fine (3.2)

TGVAX 4 TBGVX 4

0 4.50 1.26 28.91 11,704 Fries/Wang (16.7/9.1)

0 110

4

0 NL 1.38 26.87 8,957 Management Team 2 NL 1.16 30.08 3,581 Ling/Smith (5.4/12.7)

USIFX

1 87 14

0.09 0.14 0.37

VTMGX 4 VFWAX 4 VFSVX 5

1 1407 4 2451

4 4

2 NL 5 NL 1 NL 1 NL 2 NL 2 NL 5 NL

13.01 46,856 Christine Franquin (2.0) 30.79 22,869 Ryan Ludt (6.5) 38.22 2,630 Michael Eyre (2.0) 17.57 2,439 Dobbs/Thomas (15.2/4.7) 22.87 21,053 Management Team 35.8 7,810 Management Team 27.48 138,440 Michael Perre (6.5)

2 3281 13

0.4

VINEX

0 332 39 3 183 21 5 169 37

0.47 0.44 0.14

VWIGX 7

VTRIX VTIAX JVIAX

3 5765

3

1 55 31

0 5.75 1.43 29.14 1,986 Rajiv Jain (13.0)

1 — 58 1 408 36 2 304 25 1 610 38

0 — 1.33

— 1,614 —

0.77 0.76

CWGIX 4 ANWPX 7 SMCWX 8

1 5.75 0 5.75

48.11 89,832 Management Team 38.14 59,303 Management Team

1 5.75 1.07 47.25 26,854 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm