(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)

2.3 94,388 a 18 1.9 16,652 t 27 2.5 33,136 t 23 1.8 70,648 y 20 1.7 64,284 y 25 1.4 46,818 y 25 2.0 45,666 s 18 1.6 50,887 y 23 2.8 68,492 p 19 2.7 89,305 p 16 1.0 26,056 a 25 2.2 57,098 s 27 1.9 49,244 y 18 2.8 90,571 y 16 1.8 54,003 y 26 1.7 60,944 y 27 1.1 12,043 y 58 1.7 65,837 y 23 1.7 51,899 y 21 1.5 44,513 a 21 1.5 39,462 y 27 1.4 56,878 y 31 2.0 30,188 s 31 1.4 57,604 y 34 1.5 26,887 y 30 2.0 71,844 y 26 1.9 57,718 o 14 1.6 43,365 y 27 1.6 50,946 y 23 1.6 45,059 d 23 1.8 39,449 y 21 1.8 39,738 y 24 2.2 81,645 y 17 2.3 73,694 s 16 1.6 29,220 y 25 1.8 69,795 y 21 1.7 64,916 y 22 1.6 34,729 y 28 3.1 8,486 a 20 2.6 18,139 y 30 4.2 12,178 t 23 4.6 13,212 a 24

d 16 y 15 y 16 d 12 y 14 d 14 d 14 a 12 d 14 o 13

— 16.5

— 61 42 26 35 36 — 61 64 26

2 97

0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 3 3 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 1 0 1 0 0 0 2 1 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 1 1 0 0 2 0 0 0 0 1 0 2 1 0 0 2 1 0 0 0 0

4 — 6 NL 8 NL

1.0 — 1.18 27.66 1.15 38.43 1.07 — 1.11 19.94 0.94 22.76 0.93 8.41 0.97 7.73 0.58 34.89 0.58 38.95 1.0 11.74 1.14 19.31 0.79 16.34 0.77 18.07 0.99 21.67 0.52 157.16 1.04 16.99 0.66 24.97 0.71 51.41 1.13 14.35 1.1 25.9 0.83 21.17 0.83 18.43 0.84 22.92 1.25 27.96 0.87 15.13 0.35 14.52 0.92 41.54 0.66 29.14 0.82 31.43 1.14 16.65 1.15 46.44 0.26 30.39 0.16 27.34 0.26 16.27 0.09 32.13 0.34 33.57 0.39 18.76 1.23 — 1.34 23.5 1.0 20.72 1.19 37.75 1.31 56.23 1.29 63.38 1.38 15.34 1.01 15.04 1.28 13.57 0.84 15.19 0.79 18.81

4,005 —

WPVLX 4 18.5 WVALX 7 21.2

17 21

82 79

829 Hinton/Weitz (9.7/32.8) 931 Hinton/Perkins (9.7/4.2)

— 15.1

2 97 0 100

6 —

2,263 —

PNBAX 1 12.5 AAGPX 1 12.3

5 5.50

515 Management Team 8,826 Management Team 9,437 Management Team 2,838 Management Team 36,161 Management Team 77,520 Management Team 867 Management Team

d 14 p 13 205 32

4 2 2 5 2 2

96 77 98 92 97 98 90 98 98 53 98 98 94 88 96 90 97 95

16 NL 4 NL 4 NL

1 17.5

o 17 y 15

TWEIX

90 56

4 17

TWVLX 1 16.5 AMRMX 1 16.4 AWSHX 4 17.9

o 20 d 13 127 45 d 17 a 12 213 27 y 15 d 13 181 24

5 5.75

5 5.75 16 NL 10 NL 3 NL 2 NL 9 NL 8 NL 10 NL 9 NL 37 5.75 20 5.75 11 5.50 11 5.50 11 5.50 5 NL 1 NL 17 NL 6 NL 0 5.00 1 5.25 3 NL 7 NL 2 NL 8 NL 1 NL 1 NL 1 NL 9 NL 12 NL 4 — 2 NL 7 NL

1 14.4

y 20 r 13

ARTLX

44 74

AUXFX 4 16.7

d 24 y 21 112

4

10

251 J. Jeffrey Auxier (16.7) 350 Management Team

1 14.4 4 17.1

d 16 a 16 d 14 p 14 a 16 d 15 a 25 d 17 u 18 t 16

BVEFX GSFTX

56 32 80 27 51 20 68 15 57 40

0 100

5

8,436 Management Team

DHLAX 4 14.3 DODGX 4 15.8

2 2

3,578 Management Team 50,618 Management Team 2,795 Bruce Berkowitz (16.2) 5,028 Scott Offen (4.4) 7,773 Management Team 3,479 Management Team 13,757 Management Team 11,830 Management Team 13,961 Management Team 7,560 Management Team

2 10.1 1 15.6 1 14.3 1 16.4 1 15.7 1 13.9 1 17.0 1 15.3 1 16.3 1 15.8 4 15.5 1 15.0 1 14.5 1 15.1 1 14.2 1 15.8

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

24

3 20

d 16 o 13 100 49 d 14 p 13 177 46

2 2 2 7 4

y 20 d 17

89 35

d 16 a 15 147 19

t 14 o 14 y 15 f 14 d 14 o 11

80 17 83 11 84 23

10

3

JVAAX 1 14.1

t 17 d 10 120 17

0 100

10,328 Management Team

d 18 s 14

68 11

5

95

147 Perkins/Preloger (7.2/7.2)

a 13 y 13 631 12

0 100

4,350 Management Team 1,876 Management Team 20,813 John Linehan (0.4)

a 23 d 13

37 39

2 2

98 96

p 13 o 11 117 27 y 22 p 11 102 68

0

98

21,599 Mark Finn (6.2)

a 15 p 15 p 20 a 20

55 17 33 10

0 100

1,074 Diane Jaffee (14.3)

15

85 98

398 Fialco/Torray (7.9/25.2)

a 14 p 13 193 32 y 13 a 13 435 11 p 13 d 12 242 66

1

18,702 Management Team

VHDYX 1 16.2 VUVLX 1 13.5

0 100

15,269 Coleman/OReilly (0.1/0.1)

1

99

1,242 Management Team 36,547 Gerard OReilly (21.2) 41,902 Management Team 15,339 Management Team 4,690 Management Team 5,105 Management Team 7,654 Management Team 2,338 Andrew Peck (12.7) 5,738 Ronald Baron (21.2) 256 Management Team 459 Carlsen/Male (1.2/14.2) 759 Management Team 372 Frank/Szafranski (0.3/0.9) 1,204 —

1 14.8

d 16 p 12 331

VVIAX

8

0 100

VWNFX 1 14.3 VWNDX 4 14.7

d 19 a 13 284 26 a 18 d 15 145 28

3 2

97 97

t 20 p 18 p 26 i 18 p 19 a 18 p 21 d 21 d 22 a 19 p 19 a 14 t 19 u 9 t 22 p 19 p 18 y 16 t 22 a 13

— 20.9

— 60 36 16 98 62 68 51 61 13 47 41 61 12 60 46 37 55 78 6

3 97

AKREX 7 23.6 TWHIX 8 23.1 ARTMX 8 25.8 BARAX 8 27.0 BGRFX 8 24.0 BUFMX 8 23.7 CIPMX 8 19.1 ACTWX 8 22.2 ACRNX 8 20.8 BIOPX 7 47.6

4 0 5 2 0 1 7 2

94 99 95 98 98 98 93 98

4 Clsd

9,732 p 23 4,374 t 22

4.2 3.4

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

5.2 16,915 a 48

6,698 a 24 6,231 d 20 4,382 p 27 3,775 p 27

3.8 2.5 3.1 3.1

0 100 0 100

t 20 a 18 143 21

6,370 Management Team

16.6 1.6 51,625 20.7 4.2 11,307

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