(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)

1.8 81,719 y 21 1.7 71,370 y 27 1.5 53,571 y 26 1.9 46,420 s 18 1.5 47,305 y 23 2.6 61,194 p 19 2.5 79,745 p 18 1.0 25,938 a 27 2.1 51,325 s 28 1.8 48,664 y 21 2.8 92,420 y 17 2.0 57,966 y 27 1.7 61,792 y 26 1.1 12,043 y 58 2.0 67,318 y 27 1.8 53,569 y 24 1.5 37,447 a 20 1.5 38,791 y 25 1.3 52,624 y 30 2.0 28,519 s 31 1.4 52,980 y 33 1.7 29,045 y 32 1.9 65,971 y 25 1.9 54,066 o 14 1.5 42,044 y 28 1.5 43,782 y 22 1.5 41,277 y 23 1.9 44,506 y 23 1.8 39,951 y 22 2.1 74,020 y 17 2.2 75,376 s 15 1.6 28,005 y 25 1.9 73,023 y 23 1.7 59,872 y 22 1.6 33,157 y 28 3.9 9,578 t 20 3.5 19,562 y 30 4.1 11,033 t 23 4.8 12,510 a 24

d 13 a 12 d 14 o 14

— 16.9

— 57 57 26

2 97 0 100

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 1 0 0 0 0 0 0 0 0 0 0 0 0

1 0 0 0 4 0 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 2 1 1 1 0 0 0 0 0 0 1 0 2 1 0 0 1 1 0 1 0 0 1 0 0

6 —

1.08 — 1.11 20.19 0.94 22.94 0.93 7.96 0.97 7.59 0.58 33.85 0.58 38.44 0.98 10.81 1.14 19.2 0.78 16.14 0.77 17.59 0.99 21.44 0.52 162.77 1.06 18.5 0.63 24.6 0.69 51.08 1.13 14.2 1.1 25.78 0.83 21.68 0.84 17.58 0.84 23.57 1.25 27.8 0.87 14.92 0.35 14.03 0.92 41.3 0.66 28.46 0.82 31.25 1.14 16.33 1.15 45.51 0.29 29.56 0.18 26.45 0.29 16.3 0.09 31.82 0.36 33.5 0.38 19.15 1.25 — 1.34 23.12 1.0 21.23 1.2 39.98 1.31 57.14 1.29 63.22 1.35 16.64 1.01 15.33 1.28 13.25 0.84 15.24 0.79 19.34 1.38 25.55 1.18 60.06 0.76 32.73

2,277 —

PNBAX 1 13.4 AAGPX 1 14.0

5 5.50

535 Management Team 9,358 Management Team 8,655 Management Team 3,461 Management Team 34,900 Management Team 76,124 Management Team 1,016 Management Team

d 13 t 12 207 29

2 3 2 4 2 2 3 1 1 1 1 5 4 6 2 3 5 0 5 2 0 0 3

98 75 98 91 97 98 89 97 99 99 99 53 99 95 92 88 98 90 97 97 95 99 94 96 98 99 90 97

14 NL 4 NL 5 NL

1 17.7

o 15 d 15

TWEIX

89 56

2 20

TWVLX 1 16.4 AMRMX 1 16.3 AWSHX 4 17.2

o 19 d 13 127 45 d 16 a 12 225 27 y 15 d 13 190 24

6 5.75

5 5.75 16 NL 12 NL 2 NL 1 NL 9 NL 8 NL 9 NL 8 NL 36 5.75 20 5.75 12 5.50 12 5.50 11 5.50 6 NL 1 NL 13 NL 5 NL 0 5.00 1 5.25 3 NL 7 NL 2 NL 8 NL 1 NL 1 NL 1 NL 9 NL 13 NL 4 — 3 NL 6 NL

1 12.8

y 21 o 14

ARTLX

40 74

AUXFX 1 16.6

d 22 y 21 110

4

11

252 J. Jeffrey Auxier (16.4) 350 Management Team

1 16.4 4 18.3

a 15 d 14 d 14 p 14 a 16 d 16 a 24 d 18 u 18 t 16

BVEFX GSFTX

57 41 80 27 51 24 67 17

8,165 Management Team

DHLAX 4 16.6 DODGX 1 15.7

3,445 Management Team 56,976 Management Team 3,351 Bruce Berkowitz (16.0) 4,966 Scott Offen (4.2) 7,837 Management Team 3,975 Management Team 15,360 Management Team 12,266 Management Team 11,969 Management Team 8,069 Management Team

2 10.1 1 17.1 1 15.8 1 15.8 1 15.1 1 14.1 1 18.2 1 15.4 1 16.6 1 15.6 1 15.4 1 15.2 1 13.6 1 17.0 1 15.6 1 15.8

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

57

2

24

3 20

d 16 o 11 113 52 p 13 d 13 176 40

y 20 d 16

93 40

a 16 d 15 143 19

o 14 t 13 y 16 f 13 d 14 a 12

85 17

84

6

10

91 23

JVAAX 1 15.7

t 15 d 9 117 17

11,155 Management Team

d 21 s 15

76 39

160 Perkins/Preloger (7.0/7.0)

a 13 y 13 638 14

4,862 Management Team 1,917 Management Team 24,089 John Linehan (0.2)

a 23 d 15

38 47

p 12 t 12 121 10 d 21 p 15 104 54

22,642 Mark Finn (6.0)

a 16 p 16 p 19 a 18

55 18 35 16

1,036 Diane Jaffee (14.1)

10

394 Fialco/Torray (7.7/25.0) 19,346 Management Team 15,275 Michael Perre (9.1) 1,317 Management Team 37,447 Gerard OReilly (21.0) 46,752 Management Team 17,717 Management Team 4,269 Management Team 5,352 Hollond/Walsh (8.8/7.8) 9,030 Management Team 2,665 Andrew Peck (12.4) 7,091 Ronald Baron (21.0) 1,252 —

a 14 p 13 185 32 y 15 a 14 437 11 p 13 d 12 250 66

3

VHDYX 1 17.3 VUVLX 1 13.5

0 100

1

99

1 16.2

d 16 a 11 324

VVIAX

6

0 100

VWNFX 1 13.9 VWNDX 1 14.3

d 18 a 13 266 26 a 18 d 15 141 28

3 3

97 97

a 19 p 19 p 26 i 18

— 24.1

— 66 38 16

3 97

AKREX 7 27.3 TWHIX 8 22.8 ARTMX 8 26.7 BARAX 8 26.9 BGRFX 8 23.7 BUFMX 8 25.5 CIPMX 8 22.1 ACTWX 8 22.7 ACRNX 9 22.9 BIOPX 8 45.1

1 0 6 3 0 5 8 1

96 99 94 97 99 94 92 98

a 19 p 19 100 73

t 23 d 21 d 21 a 18 p 20 a 13 t 19 u 9 t 23 p 20 a 18 p 16 t 18 y 15

68 51 62 14

3 Clsd

9,037 p 23 4,285 t 25

4.2 3.2

2 NL 3 NL 6 NL 2 NL 0 NL 5 NL 4 NL 9 NL 4 NL 8 NL

84

7

4.7 13,047 a 47

48 42 55 12 60 46 39 17

342 Management Team 481 Carlsen/Male (1.0/14.0) 736 Management Team 401 Frank/Szafranski (0.1/0.7)

6,516 a 25 6,851 d 20 4,751 p 26 3,421 p 27 6,705 a 38

3.4 2.7 3.1 2.8

0 100 0 100

a 18 t 16 167 17

7,254 Management Team

8 20.4

d 20 t 17 t 25 p 17

ETGLX

3.1

76 21

18

81 93 93

1,870 Barksdale/Kuruvilla (5.2/7.5)

FAMVX 8 19.3 FMCSX 8 19.1

2.4 10,444 y 32

40

6

7 7

957 Fox/Putnam (15.7/29.0)

6,818 p 19

y 17 t 16 166 29

2.2

7,232 John Roth (4.8)

15.7 1.6 51,163 20.0 4.1 11,204

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