(PUB) Investing 2016

39

Current Portfolio Style

Costs

Operations

Current

Average Regional Exposure (% of Assets)

Total

Equity Price/ Market

# of

Turn- over

Recent Composition

Sales

Total

Style Cash

Cap

UK/W. North Latin

Asia ex-

Hold-

(% of Assets)

Charge Expense NAV

Assets

Box

Flow

($Mil)

Europe Amer Amer Japan Japan

Other ings

%

Cash Stock Bond Other

%

Ratio% ($)

($Mil) Portfolio Manager (Tenure Years)

— 1

0.9 4.6 7.2 5.9 8.7

5,882 30,309 34,638 25,311 28,964 39,775

55 60 44 48 52 55 67 53 70 45 54 42 54 58 63 62 30 39 73 51 18 58 66 44 69 49 63 64 58 76 41 55 46 60 54 59 63 56 45 39 54 48 49 45 60 28 30 29 18 25

7 4 2 6 7

1 0 1 2 0 2 0 2 0 1 0 5 0 0 0 0 3 0 1 1 0 0 1 4 3 0 1 2 1 3 1 2 0 0 1 0 0 3 2 0 1 1 2 0 1 1 1 2 0

17 14 14 12 14

15

1 — 2 182 2 442 2 181

14 33 28 25 34 45 43 23 28 50 18 31 60 28 0 25 12 27 50 51 52 78 71 25 48 46 10 39 25 32 12 70 1 12 9

3 5 7 2

96 92 89 92 87 94 90 86 99 99 96 96 98 97 97 99 74 77 94 96 52 93 90 99 97 95 97 96 97 91 93 95 95 86 77 99 97 97 98 92 95 91 99 96 94 91 89 97

0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0

0 3 3 5 0 1 0 0 0 1 2 4 0 0 0 0 5 2 0 5 2 2 5 0 0 1 0 0 1 1 0 0 0 5 0 1 1 2 1 3 3 4 0 0 1 3 5 7 0

— 1.32

— 1,671 —

AAIPX

8

NL

1.07 16.95

2,361 Management Team

AEPGX 7

0.83 44.28 121,551 Management Team 0.91 28.16 10,178 Management Team

26 22

5.75 5.75

4 4

IGAAX AINTX ARTIX

9

1 0 0 0 0

87 74 46 49 59

13

NL

1.26 12.72

125 Rupal Bhansali (4.2)

7 10.7 8 13.2

12

9

13

5

Clsd

1.17 27.64 16,469 Management Team

ARTJX

2,331

2

7 5

12 11 11 23 11 11 10 11

10 14

Clsd Clsd

1.52 22.65

887 Hamker/Yockey (4.2/14.2)

ARTKX 1

7.7 5.4 9.1 4.7 5.2 6.1 6.4 6.9 4.9

24,906 39,763

15

1.2 31.96 10,333 O’Keefe/Samra (9.4/13.5)

1 8 5 7 7 7 4

CIVVX ACINX DFISX

2 6 6

16 24 23 13 14 17 18 22 22 12

1 0 2 0 2 3 3 1

NL NL NL

1.15 13.32 0.93 39.17 0.54 17.2

5,480 Management Team

3,741 1,408

1 157 1 4110

6,244 Egan/Mendes (12.9/12.9)

9,378 Management Team

DODFX 1

0.64 35.11 49,697 Management Team 1.0 34.03 21,140 William Bower (15.0) 0.99 37.83 10,150 William Kennedy (11.4)

37,953 26,530 14,788 14,199 28,379 12,121 19,038 46,422 38,308

10 15

7

90

Clsd

FDIVX FIGRX FOSFX

3 226 3 206 2 178 1 965

NL NL NL NL

6 9 1

6

1.04 39.94

5,113 Vincent Montemaggiore (4.2)

0.2 34.95 14,332 Management Team

FSIIX

11

SGOVX 4

6.3

6

12

1 161

0

25

Clsd

1.16 22.64 13,838 Brooker, Jr./McLennan (6.1/7.5)

4 11.3

FMIJX

18

9 3

0 0 4

43 78 57

19

NL NL NL

0.98 28.66

3,431 Management Team

HAINX 4

0.76 59.73 40,500 Management Team

6.4

8 7 3 5 7 0 0 7 2 3 7 1 2 7 2 9 9 5 4 6

9

4 4

HLMNX 7 11.8

15 13

17 17

1.16 17.18 1.25 15.67 1.3 18.1 0.99 15.49 1.25 12.7 0.95 29.74 1.08 7.02

5,660 Management Team

1

IVIOX

7.5

5,869

1 106

37

Clsd

3,868 de Lardemelle/de Vaulx (7.5/7.5)

JOHAX 7

6.7 6.1 2.3 4.6

24,175 29,505

17

13

0 0 0 4 0 5 0 1

37 58 24 40 47 95 73 65

5 7

Clsd

3,444 Lees/Richyal (6.7/6.7) 1,120 Management Team 1,022 Management Team 1,699 Management Team 1,458 Management Team

4 4 4

MSILX LLINX ICEUX

9 4

8

NL NL NL NL

9,048

47 10 17

-7

102

29,136 30,635 12,477 27,648

13

1 3 3 3 4 2 8 7 5 5 8 1 1 1 1 5 2 5 0 0 3 2 5 3 3

EXWAX 7 10.7

19

10

4

7 1

NIQVX OAKIX

6.8 4.0 8.6

12 19 10

8

NL

1.25 20.13

1,403 Benjamin Segal (10.7)

11 22

Clsd Clsd 5.75

0.95 20.73 26,025 Herro/Taylor (23.5/7.2)

OAKEX 5

2,097

1.35 14.01

2,585 Herro/Manelli (20.4/4.8)

7 10.4 8 10.5

OIGAX PRIDX TRIGX PRITX

15,000

6

6

1 106 1 217 3 123 2 128 0 161 1 535 1 3715 3 2490 2 3410 0 335 2 174 4 162 3 5938 1 — 0 401 2 325 2 657 2 48 0 58 0 202

1.14 36.44 22,628 Dunphy/Evans (4.0/20.0)

1,883

21

25

NL

1.2 53.02

4,117 Justin Thomson (17.2)

1 7

0.84 12.92 10,893 Jonathan Matthews (5.7) 0.83 15.24 13,151 Richard Clattenburg (1.0) 0.84 8.87 10,544 Raymond Mills (9.2)

6.5 8.0 6.0 5.3 5.8 7.4 4.8 4.6 4.8 8.7 5.8 4.4 4.6

19,695 28,344 32,780 44,373 28,697 18,765 21,886 23,051

16 14 19 15 20 22 18 15 23 11 22 18 1

15 24 14

NL NL NL

TROSX 4 TGVAX 4 TBGVX 1

9 8

4.50

1.27 23.07 1.37 23.89

8,738 Management Team 8,725 Management Team

8

23

NL

4

USIFX

9

17

NL NL NL NL NL NL NL NL

1.12 25.99

3,368 Management Team

VTMGX 4 VFWAX 4

0.09 11.53 51,070 Christine Franquin (3.1) 0.13 26.84 23,870 Franquin/Hales (0.1/0.1)

14 21 27 15 20 12 22 18

3 3 9

5 8

0.31 35.71 0.42 16.61

VFSVX VINEX

1,321 1,751

12

3,270 Miller/Perre (0.6/0.1) 2,770 Dobbs/Thomas (16.2/5.7)

1

42

VWIGX 7

0.47 20.67 19,771 Management Team

31,868 30,348 16,965 49,629

7 3 7

29 36

4 4

0.46 30.93

VTRIX VTIAX JVIAX

7,111 Management Team

0.12 24.12 182,285 Louie/Perre (0.1/7.7)

3

7 17.7

18

2

32

100

5.75

1.41 28.61

1,642 Matthew Benkendorf (0.0)

—

7.6 38,283

50 44 46 45 61

6 3 7 6 0

9

56 35 27 33 78

— 1.31

— 1,486 —

CWGIX 4

0.77 43.27 81,395 Management Team 0.75 35.13 58,126 Management Team 1.07 42.38 26,782 Management Team

8.4

46,269 56,780

15

5.75 5.75 5.75

ANWPX 7 10.1

7

SMCWX 8

9.0

2,809

17 11

ARTHX 7 11.9

25,005

0

70

NL

1.37 15.17

257 Management Team

Bold # ! Cheapest Quintile

Equity Style Box Val BlndGrth

Lrg Mid Sm