(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)

— 1.0 5,578 52 7 2 17 16 6.3 35,308 63 2 0 14 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 6.9 2,966 30 8 3 20 32 5.7 42,793 49 8 6 11 10 1 7 7.7 29,702 49 13 0 15 13 6.9 19,731 50 7 0 15 15 6.2 33,834 63 0 0 20 12 8.1 12,573 29 6 3 22 10 8.5 44,793 81 2 2 8 3 11.0 41,294 49 9 2 14 18 7.4 5,395 21 3 0 18 16 3.6 5,677 22 21 7 2 41 11.2 19,752 45 16 0 23 10 7.6 17,869 63 8 2 8 13 4 2.6 8,509 54 0 5 0 30 8.2 38,812 71 5 1 18 2 9.3 19,777 65 13 8 1 7 10.9 12,169 59 9 1 13 7 6.9 32,316 73 5 0 10 8 4 8.9 2,138 64 0 2 12 18 11.2 14,838 80 6 2 5 5 9.6 34,526 53 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 7 7 4 4 4 8 7 1 7.2 4,133 44 16 8 5 18 7.2 64,774 52 8 3 17 17 6.8 28,896 63 11 1 1 5 9.3 41,859 66 6 2 12 10 6.1 29,899 60 0 0 21 16 5.8 27,073 44 7 3 16 22 4.8 1,419 40 14 2 14 26 7.4 1,856 54 0 0 22 17 5.7 31,226 53 4 3 12 21 6.9 33,219 47 2 2 23 15 5.8 20,054 44 8 3 16 23 16.1 46,376 53 15 3 1 25 — 7.1 41,170 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 8 4 4 7 8 2 5.3 990 14 18 0 22 40

2 — 9 2 189 23 4 468 28 1 219 37 0 83 46 0 58 58 0 58 20 0 63 27 4 42 72 5 240 45 8 94 13 3 249 39 1 206 57 2 166 12 0 90 11 5 58 10 1 115 23 4 67 30 3 31 61 1 69 112 0 20 36 0 43 56 1 76 46 3 88 34 0 65 39 1 65 38 0 108 12 3 80 12 1 213 42 5 130 39 1 980 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 7 92 0 3 96 0 19 72 1 2 97 0 2 97 0 28 59 9 0 97 0 0 97 0 5 95 0 8 92 0 1 98 0 3 96 0 4 92 0 2 97 1 1 96 0 2 98 0 0 97 0 4 92 3 3 96 0 6 92 0 4 92 2 3 96 0 8 90 0 2 97 0 19 80 0 1 97 0 1 99 0 1 96 0 0 99 0 4 93 0 2 97 0 5 94 0 1 96 0 2 98 0 3 96 0 5 92 1 8 92 0 7 93 0

1 — 1.36

— 1,535 —

AAIPX

4 NL 1.05 18.34 2,290 Management Team

0.84

AEPGX 7 IGAAX 4

1 5.75

47.61 122,129 Management Team

1 5.75 0.91 31.7 9,780 Management Team

ARTIX

4 NL

1.2 30.39 17,935 Management Team

ARTJX 8 ARTKX 4

0 Clsd 1.51 22.41 947 Hamker/Yockey (3.0/13.1)

1 Clsd 1.18 33.98 11,175 O’Keefe/Samra (8.2/12.3) 0 NL 1.17 14.8 6,397 Management Team 1 5.75 1.49 22.27 253 Christopher Olson (13.3)

CIVVX LAFAX

0.94 0.64 0.91 0.91

ACINX 8 DODFX 4

1 NL 5 Clsd 2 NL 1 NL 1 NL

42.02 7,749 Egan/Mendes (11.7/11.7) 41.77 64,040 Management Team 34.76 23,964 William Bower (13.8) 38.35 10,796 William Kennedy (10.2) 37.51 14,116 Management Team

FDIVX FIGRX FSIIX

0.2

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

8 Clsd 1.15 22.4 14,110 Brooker, Jr./McLennan (4.9/6.3)

0.74

1 NL

64.69 46,555 Management Team

1 NL

1.2 17.8 4,293 Management Team

4 Clsd 1.26 16.52 3,609 de Lardemelle/de Vaulx (6.3/6.3)

0.68

3 NL 3 NL

30.96 3,030 Brent Lynn (14.1)

1.3 18.96 1,637 Lees/Richyal (5.5/5.5)

0 NL 0.99 17.33 1,512 Management Team

LLINX ICEUX

0 NL 1.27 13.57 1,437 Management Team 2 NL 0.95 32.89 1,949 Management Team 1 NL 1.07 7.36 4,802 Management Team 4 NL 1.26 19.83 1,048 Benjamin Segal (9.6) 0 Clsd 0.98 23.35 27,660 Herro/Taylor (22.3/6.1) 2 Clsd 1.35 14.84 2,865 Herro/Manelli (19.2/3.7) 1 5.75 1.14 35.28 18,595 Dunphy/Evans (2.8/18.8) 3 NL 1.01 32.33 5,275 Management Team 1 NL 1.23 51.2 3,563 Justin Thomson (16.1)

EXWAX 4 NIQVX 7

OAKIX

OAKEX 5 OIGAX 7 UMBWX 4

PRIDX PRITX

0.85

1 NL

15.79 12,900 Robert Smith (7.3)

0.86

TRIGX

2 118 45

2 NL

13.71 10,227 Jonathan Matthews (4.6)

TROSX 4

0 159

8

2 NL 0.86

9.5 9,367 Raymond Mills (8.1)

TGICX TAVIX

2 62 260 0 37 22 0 63 37

1 NL 1.36 8.25

27 Rohit Sah (3.9)

2 NL

1.4 15.84 279 Matthew Fine (3.1)

TGVAX 4 TBGVX 4

1 4.50 1.25 27.4 11,687 Fries/Wang (16.7/9.0)

0 110

4

0 NL 1.38 26.08 8,957 Management Team 2 NL 1.16 28.4 3,377 Ling/Smith (5.3/12.6)

USIFX

1 81 14 1 1410 13

0.09 0.15

VTMGX 4 VFWAX 4 VFSVX 5

1 NL 3 NL 1 NL 3 NL 1 NL 1 NL 3 NL

12.28 46,127 Christine Franquin (1.9) 29.19 22,342 Ryan Ludt (6.4) 36.17 2,437 Michael Eyre (1.9) 16.45 2,439 Dobbs/Thomas (15.1/4.6) 21.59 21,053 Management Team 33.63 7,810 Management Team 26.05 138,100 Michael Perre (6.4)

4 2449

4

0.4

2 3284 13

0.36 0.47 0.43 0.14

VINEX

0 335 39 3 187 21 5 175 37

VWIGX 7

VTRIX VTIAX JVIAX

3 5772

3

1 55 31

0 5.75 1.45 28.23 1,932 Rajiv Jain (12.9)

1 — 57 1 408 36 2 304 25 1 610 38

0 — 1.34

— 1,587 —

0.8

CWGIX 4 ANWPX 7 SMCWX 8

1 5.75 0 5.75

46.1 86,150 Management Team 36.14 56,259 Management Team

0.76

1 5.75 1.07 44.94 25,544 Management Team

Bold #  Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm