THE V LINE · SAMSUNG SDI COMPANY LTD 7700 1503 2.39 VOLTRONIC POWER TECH CORP 67200 1488 2.37 PT BANK RAKYAT INDONESIA 4897800 1468 2.33 ACCENTURE PLC 7800 1446 2.30 BANCO BRADESCO

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The Value Line Fund Advisor PlusVolume XXVI, Number 2

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© 2020 Value Line, Inc. All rights reserved. Factual materialis obtained from sources believed to be reliable and is pro-vided without warranties of any kind. THE PUBLISHER ISNOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONSHEREIN OR ANY DAMAGES OR LOSSES ARISING FROMANY USE OF THE INFORMATION CONTAINED HEREIN.This publication is strictly for subscriber's own, non-com-mercial, internal use. No part of it may be reproduced, storedor transmitted in any printed, electronic or other form, orused for generating or marketing any printed or electronicpublication, service or product. Officers, directors, or em-ployees of Value Line, Inc. and its affiliates and subsidiar-ies, and EULAV Asset Management, may own stocks thatare featured in this publication. Nothing herein should beconstrued as an offer to buy or sell securities or to giveindividual investment advice. Value Line, the Value Line logo,The Value Line Investment Survey, Value Line Select, Time-liness and Safety are trademarks or registered trademarksof Value Line Inc. and/or its affiliates in the United Statesand other countries. All other trademarks are the propertyof their respective owners. Value Line Geometric and Arith-metic Indices calculated by Thomson Reuters. Informationsupplied by Thomson Reuters.

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Volume XXVI, Number 2 February 2020

In This IssueFund Highlights and Discussion 2

Short-List Picks:Gold/Natural Resources 7

Mutual Fund Short List 8

New Feature: The ETFModel Portfolio 9

The Value Line Fund Advisor PlusModel Portfolio 9

Fund Index 10

Fund Screens 38

Benchmark PerformanceAverages 48

The economy has faced its share ofheadwinds since the calendar turned.Moreover, such disturbances may persist formuch of the first half. Notable among theseissues are the suspension in production ofBoeing’s 737 MAX 8 airplane, fears aboutthe spreading coronavirus, a further falloffin manufacturing activity across the indus-trial Midwest (even as slight gains are beingseen nationally), and recent softness in per-sonal income and spending growth. True,these problems seem insufficient to derailthe decade-long upturn, but they could slowthe expansion somewhat.

The economy probably will need to playcatch-up as spring turns to summer. Soafter a several-quarter run of unusual sta-bility in 2019, with growth coming in at2.3% for the 12 months, the pace of expan-sion may slow a little more in the comingweeks, perhaps easing to 1.5% this quarter.The Boeing overhang, the fallout from theunresolved trade issues with China, and thesluggishness in business investment thenmight apply pressure in the second quarter.Thereafter, Boeing’s output likely will re-bound; understanding of the coronavirusshould clarify; and the three interest-ratereductions effected in 2019 could lift busi-ness and consumer spending. Assuming

Economic and Stock Market Commentarysuch a scenario, there may be some im-provement toward midyear. Even so,growth in 2020 is unlikely to match lastyear’s 2.3%.

Meanwhile, the coronavirus briefly took atoll on investor confidence, with a briefselloff in the stock market as January ended.Equity holders, who abhor uncertainty andunwelcome surprises, clearly were caughtoff guard by the virus and concerns about itsimpact on an already deteriorating economicoutlook in China.

One stabilizing factor has been earnings,which have exceeded forecasts for nearly70% of the companies in the S&P 500 thathave reported their results to date.

The profit strength is helping to mollifythe bulls, particularly as the positive resultsare being reported by some of our highest-profile companies, including financial enter-prises and assorted technology stalwarts.The resilience being shown by our economyis another plus for investors.

Conclusion: We believe a steady hand and acommitment to equities with well-defined long-term total return potential willserve investors nicely in these volatile times.

Dear Subscribers,

In an effort to enhance your experience with our product, we have expanded the number of

mutual funds on which you can receive fund-specific reports. While we were once con-

strained by print, we have used the power of the Internet to allow you to quickly screen

through thousands of mutual funds to locate those that you find most interesting—not just

those we have space to print—with information that is updated as often as daily. Moreover,

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mutual funds. We hope you enjoy this major product enhancement.

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© 2020 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. THE PUBLISHER IS NOT RESPONSIBLE FORANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber's own, non-commercial, internal use. No part of it may be reproduced, resold, stored or transmitted in any printed,electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. All investors must read applicable prospectuses before investing.

2 F E B R U A R Y 2 0 2 0

T H E V A L U E L I N E F U N D A D V I S O R P L U S

60

20

10

40

62.00

1.00

.50

Rising Line − Stronger Than Objective

Declining Line − Weaker Than Objective

Total ReturnPerformance of $10K InvestmentInitial Investment 12/31/2005: $10,000.Value at 1/31/2020: $14,417.FundMSCI WORLD▼ Manager Change▲ Major Policy ChangeBottom Graph is Relative Strength ofFund Versus Peer.Recessions occurred 6/90−3/91, 3/01−11/01.

ABERDEEN GLOBAL EQUITY IMPACT A JETAX Global Equity LB 2.1% 12.25 36.0 page

3(Average)

3(Average Risk)

4.7%

Fund Obj. S&P 500Bull 2/09 - 12/19 +100.3% +253.1% +450.4%Bear 10/07 - 2/09 -54.0% -54.2% -51.0%Bull 9/02 - 10/07 - +156.3% +108.3%

Address: 1900 Market St., Suite 200, Philadelphia, PAAdvisor: Aberdeen Asset ManagementSub-Advisor: Aberdeen Asset Management LimitedWeb Site: www.aberdeen-asset.us

Fiscal Year-End: OctoberMin. Initial Invest: $1,000Min. Subsequent Invest: $50Min. IRA Invest: $1,000Telephone Exchanges: YesTel. Redemption: YesInternet Investing: Yes

Telephone: 866 667-9231Began Operations: 5/17/05# Funds in Family: 27Syst. Withdrawal: YesAuto. Investing: YesLast Capital Gain: 12/27/07Dividends Paid: Annually

10/31/19 7/31/19Portfolio Portfolio

Country % Country %

United States 40.5 United States 41.6United Kingdom 15.6 United Kingdom 9.8Denmark 6.6 Denmark 4.3Australia 5.1 Kenya 3.8Kenya 3.8 Australia 3.8Netherlands 3.7 Netherlands 3.6China 3.6 Korea, South 2.8Brazil 3.5 Norway 2.7Germany 3.3 Germany 2.6Belgium 3.3 - -

COMPOSITION as of 12/31/19

Stock 100Preferreds -Cash 1

Convts. -Bonds -Other -

%Foreign 63%Hedged -# Stocks 44

Top 25 Equity Holdings Shares Value %Net

As of 10/31/19 Held ($000) Assets

PROLOGIS INC 28900 2536 4.03

UNITEDHEALTH GROUP INC 10000 2527 4.02

MASTERCARD INC 9000 2491 3.96

EQUINIX INC 4300 2437 3.88

SAFARICOM LTD 8288200 2387 3.80

LAING (JOHN) PLC 433400 2052 3.26

UMICORE 49600 2047 3.26

NEXTERA ENERGY INC 8100 1931 3.07

SALESFORCE.COM INC 12200 1909 3.04

MERCK & CO 21400 1855 2.95

CLINIGEN GROUP 165600 1782 2.83

HMS HOLDINGS CORP 50300 1644 2.62

INGERSOLL RAND PLC 12600 1599 2.54

NOVO NORDISK A/S SPONS ADR 28800 1584 2.52

TELENOR ASA 84500 1581 2.52

RELX PLC 64700 1558 2.48

PING AN INSURANCE GROUP 133500 1541 2.45

AIA GROUP LTD 152000 1514 2.41

GLAXOSMITHKLINE PLC ADR 65900 1509 2.40

SAMSUNG SDI COMPANY LTD 7700 1503 2.39

VOLTRONIC POWER TECH CORP 67200 1488 2.37

PT BANK RAKYAT INDONESIA 4897800 1468 2.33

ACCENTURE PLC 7800 1446 2.30

BANCO BRADESCO SA 169680 1390 2.21

DONG ENERGY AS 15000 1317 2.09

Dominic Byrne 2/19 NRSarah Norris 2/19 NR

TAX STATUS 10/31/19

Unrealized Apprec. % 5

Year 1st Q 2nd Q 3rd Q 4th Q

2015 1.4 -1.1 -14.8 -0.22016 2.8 3.9 3.7 -4.32017 12.9 6.7 3.0 4.32018 -1.5 -3.8 -0.3 -10.82019 9.0 4.4 -0.2 11.4

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1/20 HISTORICAL ARRAY15.09 17.12 9.85 11.71 12.39 9.51 10.83 12.06 11.00 9.08 9.46 11.91 9.86 12.20 12.25 Bid Price (NAV)0.03 0.14 0.33 0.55 0.23 0.15 0.25 0.01 0.52 0.30 0.16 0.33 0.18 0.27 0.00 Dividends ($)0.18 0.75 3.15 4.47 1.74 1.48 2.14 0.04 4.43 3.10 1.56 2.61 1.76 2.11 2.10 12-Mo. Div. Yield (%)0.05 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cap. Gains ($)1.32 1.31 1.28 1.24 1.29 1.28 1.30 1.21 1.32 1.38 1.49 1.58 1.77 1.53 - Expense Ratio (%)0.80 0.82 0.87 0.84 0.89 0.86 0.90 0.84 0.96 1.04 1.13 1.26 1.47 1.29 - Exp.Ratio Rel. to Obj.

61 64 89 205 123 51 34 97 11 12 23 13 19 125 - Turnover (%)722.5 1980.2 1309.0 2146.2 2156.1 1310.4 278.4 154.8 115.2 69.7 48.4 48.8 33.8 36.4 36.0 Net Assets ($Mil.)28.6 16.2 -40.5 24.5 7.8 -22.0 16.5 11.4 -4.5 -14.7 5.9 29.4 -15.6 26.5 0.4 Total Return (%)13.1 5.2 1.6 -2.5 -1.8 -14.4 3.3 -12.7 -7.5 -12.0 0.6 9.3 -5.2 1.3 1.1 +/- MSCI WORLD (%)9.8 4.6 1.7 -10.7 -7.3 -14.6 0.7 -12.8 -6.4 -12.5 0.3 7.2 -5.6 1.8 1.5 +/- to Obj. (%)

13.3 8.1 -4.6 -4.1 -5.0 -17.8 2.0 -9.5 -8.9 -12.3 -0.7 11.6 -6.9 3.9 1.5 +/- to Peer (%)

■1 ■2 ■3 ■5 ■5 ■5 ■3 ■5 ■5 ■5 ■3 ■1 ■5 ■3 ■2 Quintile Perf. Rel. to Obj.

PERFORMANCE (1/31/20)

+/- % Value Est. Taxes ValueTotal MSCI +/- % Percentile +/- % $10,000 on $10,000 $10,000

Return* WORLD Obj. Rank Obj. Peer Investment Investment +$100/Mo.

3 MONTHS 8.1 3.2 3.3 8 4.3 10,807 92 11,0126 MONTHS 12.8 5.8 6.5 1 6.9 11,284 96 11,8221 YEAR 19.2 3.7 4.8 24 5.9 11,918 101 13,1443 YEAR 9.7 0.4 0.0 53 1.2 13,199 315 17,1705 YEAR 4.7 -2.2 -2.5 83 -1.8 12,584 464 19,81910 YEAR 3.3 -4.4 -5.3 96 -4.9 13,818 929 28,84215 YEAR - - - - - - - -20 YEAR - - - - - - - -* Annualized for three years and beyond.

Fund Obj.Beta 0.74 0.84

Alpha -1.2 -2.5

R2 66 91

Std. Dev. 11.04 11.92

1 (best) to 5 (worst) Fund Obj.Overall 3.2 3.3Risk 3.1 3.4Growth 10Yr. 5.2 3.5Persistence 5Yr. 3.9 3.3

1Yr. 2.2 3.2

LOAD-ADJ RET 1/20

10 YEAR 3.3%5 YEAR 4.7%1 YEAR 19.2%Since inception 3.7%

Management Fee 0.80%

12b-1 Fee 0.25%Red. Fee None

Sales Load Pct.Maximum Noneat $25K Noneat $100K Noneat $500K NoneMinimum None

Management Style: The fund seeks long-termcapital appreciation. Management attempts toachieve this goal by investing at least 80% of thefund’s net assets in equity securities, such ascommon stocks, preferred stocks, and depositaryreceipts, issued by companies worldwide. Typical-ly, 40% of the fund’s portfolio are held in for-eign companies. By management, foreign firmsare defined as those that are organized under thelaws outside the US, has principal securities trad-ing on markets in a non-US country, or derives asubstantial portion of its annual revenue or earn-

ings or assets from goods produced, or salesmade or services performed in a foreign country.A bottom-up approach is employed, in which itwill evaluate individual candidates before makinga purchasing decision. It tends to focus on suchfactors as a company’s ability to deliver positiveoutcomes for the environment and for nine pil-lars, including circular economy, sustainable ener-gy, food and agriculture, water and sanitation,health and social care, financial inclusion,sustainable real estate infrastructure, education andemployment, and impact leaders.

THE VALUE LINE MUTUAL FUND SURVEY OBJECTIVE PEER DIV YLD NAV TNA(Mil) VALUELINE

OVERALL RANK RISK RANK 5-YR RETURN

(Annualized)

PAST MARKET CYCLE PERFORMANCE

FUND INFORMATION

PORTFOLIO INFORMATION

PORT. MGR. %RATING

QUARTERLY TOTAL RETURN (%)

ISSUE DATE

EXPENSE STRUCTURE

MPT vs. S&P 500 RANKINGS

SECTOR WEIGHTINGS

PORTFOLIO HOLDINGS


F E B R U A R Y 2 0 2 0 3


120

80

20

10

40

31.20

1.00

.80



Total ReturnPerformance of $10K InvestmentInitial Investment 12/31/2005: $10,000.Value at 1/31/2020: $29,084.FundS&P500▼ Manager Change▲ Major Policy ChangeBottom Graph is Relative Strength ofFund Versus Objective.Recessions occurred 6/90−3/91, 3/01−11/01.

FIDELITY MAGELLAN FUND FMAGX Growth LG 0.4% 10.49 17085.9 page

1(Highest)

3(Average Risk)

12.6%

Fund Obj. S&P 500Bull 2/09 - 12/19 +413.5% +332.8% +450.4%Bear 10/07 - 2/09 -58.3% -50.7% -51.0%Bull 9/02 - 10/07 +102.6% +113.1% +108.3%

Address: 82 Devonshire St, Boston, MA 02109Advisor: Fidelity Management & ResearchSub-Advisor: NoneWeb Site: www.fidelity.com

Fiscal Year-End: MarchMin. Initial Invest: $0Min. Subsequent Invest: $0Min. IRA Invest: $0Telephone Exchanges: YesTel. Redemption: YesInternet Investing: Yes

Telephone: 800 544-6666Began Operations: 5/2/63# Funds in Family: 422Syst. Withdrawal: YesAuto. Investing: YesLast Capital Gain: 12/13/19Dividends Paid: Semiannually

9/30/19 6/30/19Port. Rel. Port. Rel.

% S&P500 % S&P500Consumer Durables ▲ 2.0 1.02 1.4 0.74Energy - - - -Finance ▼10.6 0.69 14.1 0.91Industrial Cyclical 7.2 0.84 6.9 0.78Non-Durable 13.6 1.26 13.2 1.21Retail Trade 12.4 1.31 12.5 1.29Health ▲ 3.5 0.47 3.2 0.40Services ▲ 5.7 2.37 4.9 1.98Technology ▲38.3 1.08 35.3 1.02Utilities ▲ 1.4 0.38 0.9 0.27




%Foreign -%Hedged -# Stocks 92

As of 9/30/19 Port. Avg. % Stock Rel. S&P 500 Rel. Obj.

Price/Earnings 30.95 60 1.14 1.14Price/Book 4.55 55 1.07 1.105-Yr.Earn.Growth % 13.07 47 1.18 1.10Avg.Mkt.Cap.($Mil.) 221,183 88 0.73 1.52

Top 25 Equity Holdings VL Shares Value %Net

As of 9/30/19 Rank* Held ($000) Assets

MICROSOFT CORP 1 6376300 886499 5.33

APPLE INC 2 2902213 650009 3.91

AMAZON COM INC - 357100 619893 3.73

ALPHABET INC - 411670 502259 3.02

VISA INC 3 2095084 360375 2.17

MASTERCARD INC 2 1209307 328412 1.97

HOME DEPOT INC 3 1336266 310040 1.86

FACEBOOK INC 2 1500900 267280 1.61

WALT DISNEY CO 3 2009890 261929 1.57

UNITEDHEALTH GROUP INC 2 1202827 261398 1.57

MCDONALD’S CORP 3 1152252 247400 1.49

ADOBE SYSTEMS INC 2 885100 244509 1.47

COMCAST CORP 2 5410000 243883 1.47

NEXTERA ENERGY INC 2 1003560 233819 1.41

AMERICAN TOWER CORP 1 1018198 225154 1.35

ACCENTURE PLC 1 1095010 210625 1.27

SALESFORCE.COM INC 3 1385684 205691 1.24

THERMO FISHER SCIENTIFIC INC 2 699092 203625 1.22

PROLOGIS INC 3 2338484 199286 1.20

NIKE INC 2 2108349 198016 1.19

ESTEE LAUDER CO 1 974835 193943 1.17

EQUINIX INC 3 336200 193920 1.17

DANAHER CORP - 1335159 192837 1.16

BECTON DICKINSON & COMPANY 3 757071 191509 1.15

LINDE PLC - 985471 190905 1.15

*Latest available Timeliness ™ rank from Value Line Investment Survey.

Sammy Simnegar 2/19 NR

■2

TAX STATUS 9/30/19



2015 2.8 1.1 -7.6 8.32016 -2.1 0.7 4.6 2.12017 6.4 4.3 6.7 6.92018 1.2 4.2 7.5 -16.72019 14.0 5.5 1.7 7.3

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1/20 HISTORICAL ARRAY8.95 9.39 4.59 6.43 7.17 6.30 7.33 9.24 9.25 8.94 9.14 10.46 8.97 10.20 10.49 Bid Price (NAV)0.05 0.04 0.01 0.04 0.05 0.04 0.10 0.07 0.07 0.05 0.05 0.08 0.06 0.05 0.00 Dividends ($)0.41 0.39 0.22 0.52 0.71 0.61 1.29 0.65 0.64 0.53 0.55 0.68 0.59 0.40 0.39 12-Mo. Div. Yield (%)2.47 1.17 0.29 0.00 0.01 0.00 0.00 0.58 1.14 0.64 0.21 0.93 0.91 1.48 0.00 Cap. Gains ($).59 .54 .73 .71 .75 .60 .47 .47 .50 .68 .83 .67 .69 .74 - Expense Ratio (%)

0.41 0.38 0.54 0.51 0.55 0.45 0.36 0.37 0.41 0.57 0.71 0.59 0.63 0.68 - Exp.Ratio Rel. to Obj.74 41 57 67 39 42 99 88 77 71 78 51 53 42 - Turnover (%)

44962 44821 18948 22609 19913 12984 11869 13542 13677 13467 12930 15021 13134 16067 17085 Net Assets ($Mil.)7.2 18.8 -49.4 41.1 12.4 -11.6 18.0 35.3 14.1 4.1 5.2 26.5 -5.6 31.2 2.8 Total Return (%)-8.6 13.3 -12.4 14.7 -2.7 -13.7 2.0 2.9 0.4 2.7 -6.7 4.7 -1.2 -0.3 2.9 +/- S&P 500 (%)-3.5 10.7 -10.3 9.3 -4.4 -8.5 3.7 4.6 5.9 5.7 -2.6 5.8 1.3 2.8 3.1 +/- to Obj. (%)0.1 6.8 -10.4 8.7 -2.2 -8.1 3.9 9.9 8.1 4.0 0.7 2.1 0.6 1.9 2.4 +/- to Peer (%)



Value Est. Taxes ValueTotal +/- % +/- % Percentile +/- % $10,000 on $10,000 $10,000

Return* S&P 500 Obj. Rank Obj. Peer Investment Investment +$100/Mo.

3 MONTHS 9.0 2.3 3.0 19 1.8 10,903 263 11,1116 MONTHS 10.1 0.8 3.7 14 2.0 11,014 266 11,5501 YEAR 24.3 2.6 6.8 20 4.6 12,429 327 13,6593 YEAR 16.3 1.8 4.4 26 2.8 15,744 903 20,1065 YEAR 12.6 0.2 3.2 22 2.7 18,103 1,284 26,54410 YEAR 12.8 -1.1 1.6 42 2.1 33,428 3,216 57,54915 YEAR 8.0 -1.2 0.2 59 0.8 31,545 4,118 74,11420 YEAR 5.0 -1.3 -0.2 78 1.8 26,689 3,676 89,168* Annualized for three years and beyond.


Alpha 1.5 -2.2

R2 91 98

Std. Dev. 12.91 13.35


1Yr. 1.9 2.8

LOAD-ADJ RET 1/20



12b-1 Fee NoneRed. Fee None


Management Style: The fund seeks to provide itsshareholders with capital appreciation. Manage-ment strives to achieve this objective by investingprimarily in large companies whose earningsgrowth will outpace the average growth of thebroad market, and whose stocks are selling atreasonable valuations. Management does not tryto time the market; it believes that companiesthat can improve their results significantly, andwhose stocks are fairly priced, have the bestchance of outperformance, whether the currentdirection of the market is up or down. When se-

lecting securities for the portfolio, a bottom-upstock analysis is employed, focusing on forecast-ing earnings over the next year or two. Otherfactors that are taken into consideration include acompany’s industry position and management, aswell as current economic and market conditions.The fund may invest up to 25% of fund assetsin a single issue, but will not usually do so. Ittypically does not favor large sector overweight-ings, instead choosing to keep the fund diversifiedacross various industries, and roughly in line withthe S&P 500 Index weightings.



(Annualized)


FUND INFORMATION


PORT. MGR. %RATING

Style/Perf. QuintileLargeCap.

SmallCap.

Value Growth


ISSUE DATE

EXPENSE STRUCTURE


SECTOR WEIGHTINGS

STATISTICS

PORTFOLIO HOLDINGS


4 F E B R U A R Y 2 0 2 0


60

20

10

40

61.50

1.00.90



Total ReturnPerformance of $10K InvestmentInitial Investment 12/31/2005: $10,000.Value at 1/31/2020: $31,290.FundS&P500▼ Manager Change▲ Major Policy ChangeBottom Graph is Relative Strength ofFund Versus Objective.Recessions occurred 6/90−3/91, 3/01−11/01.

HOMESTEAD VALUE FUND HOVLX Growth/Inc LV 1.4% 50.45 962.3 page

2(Above Avg.)

3(Average Risk)

10.5%

Fund Obj. S&P 500Bull 2/09 - 12/19 +419.8% +302.3% +450.4%Bear 10/07 - 2/09 -52.4% -49.3% -51.0%Bull 9/02 - 10/07 +120.8% +102.7% +108.3%

Address: 4301 Wilson Blvd, RSI8-305, Arlington, VA 22203Advisor: RE AdvisersSub-Advisor: NoneWeb Site: www.homesteadfunds.com

Fiscal Year-End: DecemberMin. Initial Invest: $500Min. Subsequent Invest: $0Min. IRA Invest: $200Telephone Exchanges: YesTel. Redemption: YesInternet Investing: Yes

Telephone: 800 258-3030Began Operations: 11/19/90# Funds in Family: 7Syst. Withdrawal: YesAuto. Investing: YesLast Capital Gain: 12/18/19Dividends Paid: Semiannually

9/30/19 6/30/19Port. Rel. Port. Rel.

% S&P500 % S&P500Consumer Durables ▲ 1.0 0.52 0.5 0.27Energy ▼ 8.7 2.68 14.4 3.88Finance ▲20.0 1.30 19.0 1.22Industrial Cyclical ▲24.2 2.82 17.4 1.98Non-Durable 0.7 0.07 0.7 0.07Retail Trade 2.6 0.27 2.6 0.27Health ▼11.4 1.52 15.2 1.93Services 3.4 1.42 3.4 1.36Technology 24.4 0.69 25.3 0.73Utilities - - - -




%Foreign 2%Hedged -# Stocks 45

As of 9/30/19 Port. Avg. % Stock Rel. S&P 500 Rel. Obj.

Price/Earnings 21.57 71 0.79 0.89Price/Book 3.41 68 0.80 0.875-Yr.Earn.Growth % 6.29 60 0.57 0.58Avg.Mkt.Cap.($Mil.) 209,981 95 0.70 1.36

Top 25 Equity Holdings VL Shares Value %Net

As of 9/30/19 Rank* Held ($000) Assets

MICROSOFT CORP 1 343800 47799 5.13

PARKER HANNIFIN CORP 3 246400 44502 4.77

VISA INC 3 252000 43347 4.65

ALPHABET INC 2 34000 41446 4.44

JPMORGAN CHASE & CO 3 342600 40321 4.32

ALLSTATE CORPORATION 1 369000 40103 4.30

AVERY DENNISON CORP 2 350000 39750 4.26

HONEYWELL INTL INC 3 231100 39102 4.19

ABBOTT LABORATORIES 2 399000 33384 3.58

MERCK & CO INC - 385100 32418 3.48

CHEVRON CORP 3 257125 30495 3.27

PFIZER INC - 824000 29606 3.17

CONOCOPHILLIPS 4 452400 25778 2.76

GENUINE PARTS CO 2 240400 23941 2.57

DUPONT DE NEMOURS INC - 316636 22579 2.42

BANK OF AMERICA CORPORATION 3 750200 21883 2.35

LEIDOS HOLDINGS INC 3 250750 21534 2.31

CITIGROUP INC 2 296000 20448 2.19

SOUTHWEST AIRLINES CO 3 367800 19865 2.13

TE CONNECTIVITY LTD 3 212836 19832 2.13

METTLER TOLEDO INTERNATIONAL 3 27460 19343 2.07

ROYAL DUTCH SHELL PLC ADR - 289204 17323 1.86

NXP SEMICONDUCTORS NV 3 148805 16238 1.74

CISCO SYSTEMS INC 3 327831 16198 1.74

MEDTRONIC PLC 1 146465 15909 1.71

*Latest available Timeliness ™ rank from Value Line Investment Survey.

Team Managed NR

■2

TAX STATUS 9/30/19



2015 1.5 -1.6 -8.7 8.32016 0.6 3.4 3.2 4.62017 4.6 2.0 6.0 8.02018 -2.3 0.2 9.5 -12.52019 12.0 3.7 -0.3 10.3

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1/20 HISTORICAL ARRAY35.94 35.48 22.03 27.52 30.70 30.71 34.09 45.46 50.79 46.77 47.70 55.26 46.64 51.51 50.45 Bid Price (NAV)0.57 0.83 0.59 0.40 0.38 0.50 0.71 0.76 0.78 0.94 1.10 1.00 0.91 0.83 0.00 Dividends ($)1.42 2.17 2.55 1.38 1.15 1.53 1.96 1.57 1.45 1.81 2.03 1.64 1.68 1.34 1.36 12-Mo. Div. Yield (%)2.09 0.83 0.00 0.00 0.00 0.00 0.00 0.00 0.08 2.43 3.67 1.96 4.23 7.06 0.00 Cap. Gains ($).71 .66 .70 .80 .73 .70 .68 .64 .61 .59 .62 .60 .60 .62 - Expense Ratio (%)

0.59 0.56 0.60 0.65 0.61 0.59 0.59 0.57 0.56 0.57 0.60 0.61 0.63 0.65 - Exp.Ratio Rel. to Obj.13 4 6 3 4 6 2 2 2 8 9 7 1 22 - Turnover (%)

649.5 723.4 422.7 497.1 547.6 540.8 600.5 816.5 938.9 899.2 955.8 1118.7 875.3 992.2 962.3 Net Assets ($Mil.)17.8 3.3 -36.4 27.0 13.1 1.6 13.4 35.7 13.7 -1.3 12.3 22.2 -6.4 27.7 -2.1 Total Return (%)2.0 -2.2 0.6 0.6 -2.0 -0.5 -2.6 3.4 0.0 -2.7 0.3 0.4 -2.0 -3.8 -2.0 +/- S&P 500 (%)2.9 -0.6 -0.4 1.0 -1.0 2.2 -0.6 6.8 4.8 1.9 0.9 4.8 1.2 2.1 -0.5 +/- to Obj. (%)0.6 1.0 1.2 2.1 0.9 5.3 -1.1 10.0 8.4 3.0 2.1 5.7 3.5 4.7 0.3 +/- to Peer (%)



Value Est. Taxes ValueTotal +/- % +/- % Percentile +/- % $10,000 on $10,000 $10,000

Return* S&P 500 Obj. Rank Obj. Peer Investment Investment +$100/Mo.

3 MONTHS 5.0 -1.7 0.8 36 2.1 10,498 270 10,6976 MONTHS 7.1 -2.2 1.3 32 2.0 10,709 275 11,2331 YEAR 18.0 -3.7 3.1 30 6.2 11,801 356 12,9873 YEAR 12.5 -2.0 2.7 26 5.0 14,231 858 18,3685 YEAR 10.5 -1.9 2.2 25 4.1 16,458 1,425 24,34910 YEAR 12.6 -1.3 2.2 23 4.2 32,880 3,330 55,20915 YEAR 8.8 -0.3 1.9 18 3.5 35,614 4,262 76,78320 YEAR 8.9 2.6 3.3 3 3.7 54,761 7,054 123,409* Annualized for three years and beyond.


Alpha -2.0 -3.4

R2 88 97

Std. Dev. 13.23 11.86


1Yr. 2.3 2.8

LOAD-ADJ RET 1/20



12b-1 Fee NoneRed. Fee None


Management Style: The fund seeks to provide itsshareholders with long-term growth of capital andcurrent income, secondarily. To realize this end,management invests at least 80% of the fund’snet assets in the common stocks of US and non-US companies, including firms domiciled in theemerging markets. It may invest directly in for-eign companies or in the form of ADRs. Normal-ly, it invests in companies with market capitaliz-tions of $2 billion or greater. Besides commonstocks, management may invest in other equitysecurities, such as preferred stocks, as well as

convertible securities and money market securities.Also, management may invest in debt securitieswith investment-grade ratings in accordance toS&P, or if unrated to be of comparable quality.Management performs fundamental analysis onpotential candidates in order to identify firms thatare undervalued; have earnings growth potential;and competitive advantages, such as trademarksand brand names. Management may decide to sella company, if it is undergoing temporary earningsdecline or fundamental deteriorations, or its in-dustry is out of favor due to economic events.



(Annualized)


FUND INFORMATION


PORT. MGR. %RATING

Style/Perf. QuintileLargeCap.

SmallCap.

Value Growth


ISSUE DATE

EXPENSE STRUCTURE


SECTOR WEIGHTINGS

STATISTICS

PORTFOLIO HOLDINGS


F E B R U A R Y 2 0 2 0 5


Aberdeen Global Equity Impact Fund

We are revisiting the FidelityMagellan Fund. This offering isone of Fidelity’s oldest offering

that keeps on chugging along. The fund isa great option for investors new to the in-vestment game. The fund has a diversifiedportfolio and holds US companies forthose that are wary about taking on risk.

Recently, Sammy Simnegar took over thehelm of the Magellan ship following theretirement of Jeffrey Feingold at the endof 2019. Simnegar (management) willcontinue to provide the fund’s sharehold-ers with capital appreciation by investingprimarily in the common stocks and/or se-curities convertible into common stocks ofUS companies. It may invest up to 40% ofthe fund’s assets in foreign stocks. Note,when it comes to investment, managementhas the option to invest in growth or valuestocks. Stock picking is dependent on theresults of management’s fundamental

In keeping up the trend of coveringfunds that are committed to investingresponsibly by considering environ-

mental, social, and governance (ESG) fac-tors, we are highlighting Aberdeen GlobalEquity Impact Fund. Over the years, Aber-deen has been able to identify good com-panies that are trying to make the world abetter place with the help of ESG special-ists, who attempt to gain insight into acompany’s business operations and decideif it fits in with shareholders’ goals.

Dominic Byrne (CFA) and Sara Norrisstrive to achieve long-term growth of capi-tal by investing primarily in the equity se-curities of US and foreign issuers from atleast three countries. Management followsa bottom-up approach in which, it willevaluate the fundamentals of companies.Specifically, management will considerany corporate prospects that are beneficialfor the candidate, and any other factorsthat will drive market growth. In addition,

analysis of potential candidates. Manage-ment will examine a company’s earningsgrowth potential based on such factors asits financial condition, earnings outlook,business strategy, and the quality and effi-ciency of its executive leaders.

Overall, the fund ended the 2019 year on astrong note. Indeed, the fund posted a totalreturn of 31.2%, outperforming theGrowth objective group by nearly threepercentage points. The fund had a numberof bright spots within the portfolio. One ofwhich was AutoDesk, a multinational soft-ware company. For the fourth quarter of2019, Autodesk, which completed itschange in its business model, reported to-tal Annual Recurring Revenue (ARR) wasup by 34% year-over-year and its Sub-scription Plan ARR was up $2.2 billion, anincrease of a stellar 87%. Autodesk ex-pects to bolster its revenue as it focuses onits core design offerings and cloud-based

each candidate will be evaluated based ontheir social and environmental impact andits ability to generate money. It tends to in-vest in companies that provide solutions insome of the nine pillars, including the cir-cular economy; sustainable energy; foodand agriculture; water sanitation; healthand social care; financial inclusion; sus-tainable real estate and infrastructure; edu-cation and employment; and their abilityto help other companies.

In accordance to the fund’s top holdingsfor December 2019, the fund held 18.4%of its assets in Healthcare companies. Oneof the main contributors to the fund’s per-formance was UnitedHealth Group. Forthe full year of 2019, UnitedHealthcareannounced revenue was $242 billion, upby 7% year-over-year. It was reported thatgrowth was seen across its businesses,such as the United Healthcare Employer &Individual segment that saw revenues in-creasing by 5.6% to $193.8 billion; and

Optum reporting revenues of $113 billion,up by 11.5%. Another contributor wasseen in Prologis from the Real Estate sec-tor. Prologis’ accomplishments in 2019 in-clude delivering double digit rent changeand raising $6.5 billion in its StrategicCapital business. Also, the company re-cently closed its acquisition of LibertyProperty Trust, expanding its reach to newcustomers.

For the 2019 year, the fund posted a totalreturn of 26.5%, besting the Global Equityobjective group by two percentage points.Its total return for January 2020 was 0.4%,once again outperforming the objectivegroup by two percentage points. Further-more, its annualized total return has per-formed in line with the objective groupover the trailing three-year period. Thefund has an Overall rank of 3 and its stan-dard deviation, a measure of volatility, isroughly in line with the objective group’saverage.

Fidelity Magellan Fund

solutions. While holding good stocks canhelp a portfolio, sometimes sheddingshares can too aid in its performance. Thefund underweighted its holding of ExxonMobil, whose performance was negativelyaffected by decreased crude-oil prices. Thefund also no longer held Boeing, whichhas been undergoing terrible press latelywith news of plane crashes and thegrounding of the 737 MAX jets.

For the month of January, the fund posteda total return of 2.8%, outperforming theS&P 500 Index and Growth objectivegroup by three percentage points. Further,the fund’s annualized total returns haveoutpaced the Growth objective group overthe trailing three-, five-, and 10-year peri-ods by four, three, and two percentagepoints, in that order. The fund receivedValue Line’s Overall rank of 1, and itslevel of volatility is below the objectivegroup’s average.

At press time, the authors did not have a position in the funds mentioned.


6 F E B R U A R Y 2 0 2 0


The average investor may find the story behind how Homestead Fund family to be quite humbling. It all

started in 1990 when the National Rural Electric Cooperative Associate created Homestead Funds as a way for their em-ployees to save and invest their money. Homestead Fund family provides straight-forward offerings to help investors of all ex-perience levels earn money for their future. Investors who are cautious about investing aggressively will find Homestead Value Fund a great option since value companies are less risky and usually perform better than their growth counterpart during an economic slowdown.

The fund is team managed by Prabha Carpenter (CFA), Jim Polk (CFA), Peter Blackstone, and Mark Long (CFA). This management team seeks long-term capital appreciation and current income. In pursuit of these goals, management invests primar-

At the time of this article’s writing, the author did not have a position in the fund mentioned.

ily in the equity securities of either US or foreign companies. As part of the selection process, management examines the funda-mentals of companies and focuses on those that are trading below its intrinsic value, have earnings growth potential and compet-itive advantages, such as having trademarks and a strong brand. At the time of purchase, these companies may be temporarily out of favor among investors due to earnings decline, but will experience growth in the long run since they have a solid historical financial background.

In accordance to the December 2019 port-folio, the fund held a number of shares in the Health Care and IT sectors that have led to the fund ending 2019 on a robust note, as reflected when it posted a total return of 27.2%, besting the Growth/Income objec-tive group by two percentage points. Nota-bly, the fund held shares of Microsoft Corp. For Microsoft’s fiscal second quarter of

2020, it reported an increase of its revenue ($36.9 billion) of 14% year-over-year. Much of its success was helped by increases in revenue in several segments, including Pro-ductivity and Business Processes, Intelli-gent Cloud, and More Personal Computing. Another contributor was Abbott Labora-tories, a medical devices and health care company. Indeed, Abbott reported growth sales were up 11.3% in the Medical Devices segment, while Established Pharmaceuticals sales increased 10% for the quarter.

The fund posted a total return of -2.1% for the month of January. Additionally, its annualized total returns outpaced the objec-tive group over the trailing three-, five-, and 10-year periods. The fund also received Value Line’s Overall rank of 2.

AA Asset Allocation May 31, 1987AG Aggressive Growth Dec. 31, 1973BA Balanced Dec. 31, 1980CG Corp-High Quality N/A IT Intermed. Maturity N/A ST Short Term N/ACH Corp-High Yield Dec. 31, 1973CV Convertible Feb. 28, 1987DB Diversified Bond Sept. 30, 1986EN Energy/Nat. Res. Jan. 31, 1986EU Europe Equity Mar. 31, 1990FL Flexible Sept. 30, 1982FO Foreign Equity Dec. 31, 1984 EM Emerging Markets July 31, 1993 LA Latin America Dec. 31, 1992FS Financial Services Jan. 31, 1986GI Growth/Income Dec. 31, 1973GL Global Equity Jan. 31, 1984GM Gov’t Mortgage N/A AJ Adjustable Rate N/AGR Growth Dec. 31, 1973GS Government Sec’s N/A IT Intermed. Maturity N/A ST Short Maturity N/A

INVESTMENT OBJECTIVES/PEER GROUPS

Start Date for Manager Code Name Ratings

HL Health Care Jan. 31, 1986IB International Bond N/A FO Foreign Feb. 28, 1992 GL Global May 31, 1988 ST Short Maturity Oct. 31, 1990IN Income (Equity) Dec. 31, 1978MB Municipal National N/A HY High Yield N/A IS Insured N/A IT Intermed. Maturity N/A ST Short Maturity N/AMC Municipal California N/A HY High Yield N/A IS Insured N/A ST Short Maturity N/AMS Municipal Single State N/AMY Municipal New York N/A HY High Yield N/A IS Insured N/A ST Short Maturity N/AOT Other Specialized N/APB Pacific Equity Nov. 30, 1988 JP Japan N/A NJ Non-Japan N/A

PM Precious Metals Aug. 31, 1981RE Real Estate Oct. 31, 1989SC Small Company Dec. 31, 1973TC Technology Jan. 31, 1984UT Utilities Jan. 31, 1982 GL Global N/A

Note: Manager Ratings for funds in the following Peer Groups are calculated without regard to the funds’ Investment Objective:

GW Growth oriented Nov. 30, 1981LB Large-cap Blend Dec. 31, 1977LG Large-cap Growth Dec. 31, 1973LV Large-cap Value Aug. 31, 1977MB Mid-cap Blend Dec. 31, 1997MG Mid-cap Growth Nov. 30, 1992MV Mid-cap Value Mar. 31, 1996SB Small-cap Blend Dec. 31, 1973SG Small-cap Growth June 30, 1984SV Small-cap Value Oct. 31, 1981VL Value oriented Dec. 31, 1973



Value Line Mutual Fund RankingsOverall ranks are a measure of risk-adjusted performance and are calculated separately for each of three broad categories: equity and partial-equity, taxable fixed-income, and municipal bond. Rank 1 is best, 5 is worst. Risk ranks are calculated for two broad categories: equity and partial equity, and fixed-income.

Symbols � Up from previous month � Down from previous month N/A Not Available R Redemption or deferred load <BBB Less than BBB

Homestead Value Fund


F E B R U A R Y 2 0 2 0 7


At the time of this article’s writing, theauthor did not have a position in the fundsmentioned.

The final quarter of the 2019 yearwas off to a rocky start. Stocks onthe S&P 500 Index were down in

September. In fact, the index reported theworst two-day trading loss in the month.Many investors were spooked by the slow-down in the economy and the ongoing US-China trade war. With such a volatilebackdrop, the demand for precious metals,specifically gold, was up as investorsflocked to these commodities. This eventin turn led to the prices of gold to rise andthereby ending the 2019 year on a strongnote not seen since 2010. The PreciousMetals objective gained 38.6% for theyear-to-date period through December2019, but lagged a bit in January 2020with a total return of -0.8%.

As with precious metals, Utilities faredwell in the quarter, since companies in thesector often pay dividends and are quitestable given that there is always demandfor use of electricity and natural resources.The objective group gained 4.2% in Janu-ary. By the end of 2019, stocks overallwere buoyed by news of the US and Chinacoming to a trade agreement under whichtariffs will be reduced, along with the Fedannouncing the cutting of key interestrates. The Fed’s decision to decrease inter-est rates helped boost investments in theReal Estate sector. The Real Estate objec-tive group was up 1.0% for the samemonth. This month, we will be covering afew mutual funds from these asset classesthat may interest you.

In the high-risk section of our highlightedfunds is Gabelli Gold Fund (GOLDX). Toachieve long-term capital appreciation,management will invest at least 80% ofthe fund’s net assets in the equity securi-ties of issuers that are engaged in gold-re-lated activities, such as exploration,mining, fabrication, processing, distribu-tion, or trading of gold or the financing,managing, controlling of companies en-gaged in the aforementioned activities;and gold bullion. Management follows avalue-oriented approach. Hence, manage-

Short-List Picks: Gold/Natural Resources

ment will examine a potential candidateand assign it a value that it believes thatthe stock should be sold to the public.Management tends to invest in the candi-dates that are trading below their intrinsicvalue but also exhibit growth potential. Itmay consider other factors, such as capi-talization per ounce of production or re-coverable reserves, as well as theefficiency of the management.

The fund ended the 2019 year on a strongnote with a stellar gain of 43.9%, outpac-ing the Precious Metals objective group byfive percentage points. For the month ofJanuary 2020, the fund posted a total re-turn of -0.4%. Moreover, its annualized to-tal returns have outperformed theobjective group over the trailing five- and10-year periods by a percentage point.Also, it received Value Line’s Overall rankof 3, however its level of volatility is wellabove the objective group’s average. Toobtain a prospectus, please call (800) 422-3554, or visit www.gabelli.com.

Vanguard Real Estate Index Fund (VGSIX)makes it to the moderate-risk section ofour highlighted funds. The fund’s objec-tive is to provide a high level of incomeand moderate long-term capital apprecia-tion. Management attempts to achieve thisgoal by tracking the performance of thebenchmark index, MSCI US InvestableMarket Real Estate 25/50 Index. Thebenchmark index is comprised of UScompanies that make up the real estatesector. The real estate sector includes eq-uity REITs and real estate managementand development companies. In order toperform in tandem with the index, man-agement will invest all or a substantialportion of its assets either directly or indi-rectly in the issuers’ listed on the index.Each issue will have the same weightingsas it does on the index.

For the year-to-date period throughDecember 31, 2019, the fund posted atotal return of 28.8%, outpacing the RealEstate objective group by three percentage

points. Furthermore, it posted a total re-turn of 1.2% in January 2020 and its annu-alized total returns have bested theobjective group over the trailing five- yearperiod by a percentage point, and over thetrailing 10-year period by two percentagepoints. The fund has an average Overallrank of 3 and a Risk rank of 3. To learnmore about this offering please call (800)888-3751, or visit www.vanguard.com.

Lastly, in the low-risk section of our high-lighted funds is MFS Utilities Fund(MMUFX). The fund’s main objective is to-tal return. In pursuit of this goal, manage-ment will invest at least 80% of the fund’snet assets in the equity securities of utilitycompanies worldwide. Utility companiesare generally engaged in the manufacture,production, generation, transmission, saleor distribution of electric, gas or other typesof energy, water, or sanitary services. Man-agement employs a bottom-up approach,under which a candidate is evaluated basedon its financial background, specifically itsearnings and cash flows; management qual-ity; and competitive position. Additionally,management will also use quantitativescreening models to root out candidatesbased on its valuation, earnings quality, andother factors.

For the 12-month period ended in Decem-ber 31, 2019, the fund posted a total returnof 24.9%, besting the Utilities objectivegroup by a percentage point. The fundgained 4.0% in January 2020. Also, thefund’s annualized total return has per-formed in line with the group over thetrailing three-year period. Adding to thefund’s appeal, the fund received ValueLine’s Overall rank of 2, and its level ofvolatility is well below the objectivegroup’s average, earning a Risk rank of 2.Interested investors can learn more aboutthis offering by calling (800) 637-8255, orvisiting www.mfs.com.


8 F E B R U A R Y 2 0 2 0


Mutual Fund Short List

Risk Risk

Marsico Growth Fund Ariel Appreciation Fund

Fidelity Growth Company* High Clipper Fund High

GAMCO Growth Fund Dodge & Cox Stock Fund

Vanguard Growth Index Fd T. Rowe Price Equity Income

Ivy Large Cap Growth Fund Moderate Vanguard Windsor-I Moderate

Buffalo Discovery Fund Vanguard Value Index Adm.

AB Large Cap Growth Fund A Muhlenkamp Fund

Fidelity Dividend Growth Fund Low Tocqueville Fund Low

Calvert Equity Portfolio Fund A Gabelli Asset Fund AAA

ETF: iShares Russell 1000 Growth (IWF) ETF: iShares Russell 1000 Value (IWD)

Risk Risk

Brown Capital Mgmt Small Co Bridgeway Ultra-Small Co.

Wasatch Ultra Growth Fund High Royce PA Mutual Fund High

AMG Managers Emerging Opps Royce Micro-Cap Fund

Vanguard Small Cap Growth Fund Columbia Acorn Fund

Harbor Small Cap Growth Fd Moderate Vanguard Small-Cap Value Index Moderate

Baron Growth Fund T. Rowe Price Small Cap Value Fd

Franklin Small & Mid Cap Growth Royce Total Return Fund Inv

Vanguard Explorer Fund Low Third Avenue Small Cap Value Fd Low

Gabelli Small Cap Growth Fd Fidelity Low-Priced Stock

ETF: iShares Russell 2000 Growth (IWO) ETF: iShares Russell 2000 Value (IWN)

Risk Risk

Dodge & Cox Intl Stock Fund* T. Rowe Price Latin American

Oakmark Intl Small Cap Fund High Fidelity Latin American Fund High

Oakmark Intl Fund Fidelity China Region Fund

Invesco Opp. Intl Small-Mid Co. Matthews Korea Fund

T. Rowe Price Intl Discovery Moderate T. Rowe Price Emerging Europe Fd Moderate

William Blair Intl Growth N Fund* T. Rowe Price Emerging Markets Stk*

Vanguard Global Equity Fund Vanguard Emerging Markets Stock Idx

Fidelity Diversified Intl. Fund Low Templeton Developing Markets A Low

Franklin Mutual Global Discovery Fd Z Matthews Asian Growth&Inc.

ETF: iShares MSCI-EAFE (EFA) ETF: iShares MSCI Emerging Markets (EEM)

Risk Risk

Putnam Income Fund A Fidelity Capital & Income

JPMorgan Core Bond Fund A High Fidelity High Income Fund High

Columbia Bond Fund A Thrivent High Yield Fund

Principal Income Fund Vanguard High Yield Corporate

Lord Abbett Core Fixed-Income Fund Moderate PIMCO High Yield A Moderate

Pioneer Bond Fund BlackRock High Yield Bond Serv.

Dodge & Cox Income Fund Neuberger Berman High Income

Vanguard Short-Term Bond Idx Low T. Rowe Price High Yield* Low

Fidelity Short-Term Bond Virtus SEIX High Yield

ETF: iShares 1-3 Year Treas Bond (SHY) ETF: iShares iBoxx $High Yield Corp. Bond (HYG)

Risk Risk

T. Rowe Price Emerging Mkt Bd Gabelli Gold Fund AAA

T. Rowe Price Intl Bond Fund High Wells Fargo Precious Metals A High

Fidelity New Markets Income Fund ICON Energy

MFS Emerging Markets Debt Fund PGIM Jennison Natural Resources

Franklin Emerging Mkt Debt Opp. Moderate Fidelity Select Natural Resources Moderate

Payden Global Fixed Income Fund Vanguard Real Estate Index Adm

PIMCO Foreign Bond (US-Hedged) JPMorgan Realty Income Fund

DFA Two-Yr Global Fixed Inc. Low T. Rowe Price New Era Low

Payden Global Low Duration MFS Utilities Fund A

ETF: Vanguard Total Intl Bond (BNDX) ETF: iShares Gold Trust (IAU)

Large-Cap Growth Large-Cap Value

Small-Cap Growth Small-Cap Value

Domestic Bond High-Yield Bond

Foreign Bond Gold/Natural Resources

Foreign Stock Emerging Market Stock


F E B R U A R Y 2 0 2 0 9


ETF Model PortfolioThe Fund Advisor Plus ETF Model Portfolio began the year on a mostly positive note as markets continued their upward swings from

2019. However, that all began to change later in the month with the spread of the coronavirus virus and the accompanying fears it caused

having an adverse effect on markets. Only three of the eight funds in the portfolio had positive returns in January led be the Large

Growth component, up 2.01%. The Real Estate holding was next, returning 1.18% as it was reported that housing starts in the United

States reached a thirteen year high in December. The other positive gainer was the Income component, up 0.57%. The Small Value hold-

ing was the laggard, dropping -3.37%, during the month.

This month, we will do a deeper dive into the Real Estate ETF in the portfolio. The benchmark index which the fund follows is the MSCI

USA IMI Real Estate Index which represents the performance of the US real estate equity market. The top three holdings at January 31,

2020 were American Tower Corp., Crown Castle International Corp. and Prologis Inc. These stocks represented 7.96%, 4.84% and 4.55%

of the fund, respectively. At the end of January, the fund had Net Assets of $1.1 Billion.

Asset Class Ticker Name Purchased % of Portfolio Exp%

LG IUSG iShares Core S&P US Growth ETF 9/30/2019 12.96% 0.04%

SG SLYG SPDR S&P 600 Small Cap Growth ETF 9/30/2019 12.59% 0.15%

LV SCHV Schwab US Large-Cap Value ETF 9/30/2019 12.18% 0.04%

SV VBR Vanguard Small-Cap Value ETF 9/30/2019 12.13% 0.07%

IN VIG Vanguard Dividend Appreciation ETF 9/30/2019 12.43% 0.06%

FS SPDW SPDR Portfolio Developed Wld ex-US ETF 9/30/2019 12.25% 0.04%

RE FREL Fidelity MSCI Real Estate ETF 9/30/2019 11.92% 0.08%

PM GDX VanEck Vectors Gold Miners ETF 9/30/2019 12.81% 0.53%

CASH 0.73%

2020 got off to a very volatile start for the capital markets, globally. The record highs hit in 2019 continued into the New Year with the

Dow Jones hitting an all time high on January 17 and the S&P 500 reaching that status on January 22. However markets were hindered by

tensions in the Middle East followed by the spread of the coronavirus which caused sell-offs in equities. With these declines, only three of

the holdings in the Fund Advisor Plus Model Portfolio had positive results. The leader was the Large Growth component, returning 4.42%

followed by the Domestic and International bond funds, up 2.11% and 1.92%, respectively. The portfolio’s laggard was the banking sector

holding which dropped -6.60%. Banks were hurt by falling bond yields, during January, mainly due to coronavirus fears. The yield on the

ten year Treasury bond began the year at 1.92% and closed at 1.51% at month end. Non-US equity markets suffered as well with the For-

eign Stock holding losing -4.70% in January while the Emerging Markets holding dropped -3.26%.

-

rus came about, as China has a heavy weighting in that market segment.

The Value Line Fund Advisor Plus Model Portfolio

Asset

ClassTicker Fund Name

Purchase

Date

Current

SharesOverall Rank Risk Rank

LG VWUSX Vanguard US Growth Inv 1/29/2016 465.95 1 4

LV TLVIX Thrivent Large Cap Value Fund S 4/28/2017 650.65 3 3

SG PRDSX T. Rowe Price QM US Sm-Cap Grow Eq 4/8/2014 476.31 2 4

SV VSIAX Vanguard Small-Cap Value Index Adm 1/31/2017 271.84 4 4

FS SFILX Schwab Fundml Intl Small Co Idx 4/30/2018 1,057.22 4 3

DB USIBX USAA Intermediate Term Bond Fd 4/8/2014 1,161.46 1 3

IN VEIPX Vanguard Equity Income Inv 9/30/2016 426.16 2 3

FB PYGFX Payden Global Fixed Income Fund 3/31/2017 1,223.04 2 3

BK FSRBX Fidelity Select Banking Portfolio 8/31/2015 498.57 3 5

EM BEXFX Baron Emerging Markets Retail 5/31/2016 903.22 4 3


Value Line Rankings Total Return 1/31/20

5 Yr. Annualized Market CyclesInv. NAV Growth 2/09-12/19 10/07-2/09 Pct.

Fund Name Load Obj./Peer 1/31/20 Overall Risk Persistence YTD 3 Mos 6 Mos 12 Mos 3 Yrs 5 Yrs 10 Yrs Bull Bear Yield


1 0 F E B R U A R Y 2 0 2 0

LG - Large Growth; LV - Large Value; SG - Small Growth; SV - Small Value; FO - Foreign Equity; EM - Emerging Market Equity; PM - Precious Metals; BD -Intermediate Bond; HY - High Yield Bond; IB - International Bond. The style attribution numbers shown are the percentage weightings across the ten styles that bestexplains the fund’s actual returns. See page 12. Changes greater than 10 points are flagged with [up] and [down] arrows.

AB Equity Income A (AUIAX) Y GI/LV 27.76 2 3 2 -1.5 3.5 6.4 14.5 9.8 8.0 11.4 266.6 -41.2 2.3AB Growth A (AGRFX) Y GR/LG 80.73 1 3 1 0.7 6.4 6.3 20.4 20.6 15.5 15.5 507.9 -52.2 0.0AB Lg Cap Growth A (APGAX) Y GR/LG 57.59 1 3 1 0.5 6.9 9.5 23.5 20.0 15.5 15.9 545.0 -41.2 0.0AB Relative Value A (CABDX) Y GR/LV 5.42 2 3 2 -3.7 0.2 3.3 10.2 9.7 9.1 12.2 355.2 -51.3 1.2AIG Focused Div Strategy A (FDSAX) Y GI/LV 16.29 4 4 3 -6.2 -4.1 -4.3 1.3 5.0 6.2 11.4 481.5 -53.0 3.1AMG Managers Brandywine Blue I (BLUEX) GR/LG 47.82 2 4 2 0.6 7.4 7.8 24.9 16.5 12.1 11.7 256.0 -51.5 0.0AMG Managers Emerging Opportuns N (MMCFX) SC/SG 38.88 3 5 2 -3.6 2.5 2.1 11.0 13.0 10.3 13.9 477.0 -53.3 0.0AMG Mgr Montag & Caldwell Growth N (MCGFX) GI/LG 18.96 1 3 ▲ 2 1.6 7.5 9.5 26.2 17.1 11.4 11.7 324.2 -42.4 0.0AMG Yacktman Focused N (YAFFX) GR/LV 18.03 3 2 2 -1.2 4.1 5.4 11.4 11.5 9.9 11.3 471.4 -38.3 1.2AMG Yacktman I (YACKX) GI/VL 20.17 3 2 2 -1.5 4.0 4.6 10.6 11.0 9.2 11.2 463.8 -41.0 1.6Aberdeen Dynamic Dividend Instl (ADVDX) IN/LB 4.11 ▲ 2 3 3 -1.9 4.2 9.4 13.5 10.0 8.1 7.2 184.0 -58.9 5.5Aberdeen Focused US Equity A (MLSAX) Y GR/LS 7.86 2 3 3 2.9 9.8 13.1 27.8 14.2 9.4 6.2 86.2 -14.5 0.0Aberdeen US Small Cap Equity A (GSXAX) Y SC/SB 31.95 4 4 3 -0.6 3.8 5.6 11.6 6.7 10.5 13.2 451.2 -59.1 0.0AdvisorOne CLS Growth & Income N (CLERX) GR/LB 11.05 4 2 5 -1.8 1.8 3.2 7.2 5.1 4.2 5.8 139.3 -38.8 2.0Alger Capital Apprec A (ACAAX) Y GR/LG 27.84 1 4 1 3.3 11.2 11.8 26.2 19.3 14.8 15.4 536.1 -50.7 0.0Alger Capital Appreciation I-2 (ALVOX) GR/LG 83.57 - - - 3.3 11.2 11.8 26.6 19.7 14.1 15.3 — — 0.0Alger Growth & Income A (ALBAX) Y GI/LG 44.50 1 3 1 0.2 6.4 10.9 22.2 13.4 11.2 12.1 322.7 -37.5 1.3Alger Spectra Fund A (SPECX) Y AG/LG 23.14 2 4 2 3.1 10.3 9.8 25.0 18.9 13.9 15.3 562.2 -49.7 0.0AllianzGI Focused Growth C (PGWCX) GR/LG 31.56 2 4 2 3.2 11.9 11.5 24.8 17.2 13.2 14.1 411.9 -46.9 0.0AllianzGI NFJ Dividend Value A (PNEAX) Y IN/LV 11.48 3 3 3 -1.8 3.9 6.5 14.5 8.3 7.2 10.1 283.9 -53.8 1.6AllianzGI NFJ Mid-Cap Value Fd C (PQNCX) GR/MV 24.71 3 4 3 -0.6 5.4 6.1 15.0 9.0 8.7 11.2 358.7 -54.2 0.6AllianzGI NFJ Small Cap Value A (PCVAX) Y SC/SV 13.85 4 5 3 -3.8 1.2 2.6 7.3 1.7 4.6 8.7 255.7 -44.1 0.4Amana Growth Investor (AMAGX) GR/LG 44.54 1 3 1 -0.2 6.4 8.8 23.7 19.4 14.2 12.9 366.7 -38.8 0.3Amana Income Investor (AMANX) IN/LB 51.65 ▼ 3 3 2 -2.2 4.7 8.3 18.2 11.5 9.2 10.7 283.3 -34.7 1.1American Century All Cap Grth Inv (TWGTX) GR/LG 36.53 2 4 2 1.8 9.4 10.3 25.3 16.7 12.7 14.1 423.9 -52.0 0.2American Century Equity Growth Inv (BEQGX) GR/LB 31.18 2 3 1 -0.5 5.2 6.2 18.2 12.5 9.7 12.8 378.2 -49.3 1.0American Century Equity Income Inv (TWEIX) IN/LV 8.98 2 2 3 -1.5 2.7 4.6 15.5 9.6 10.0 11.1 270.2 -34.4 2.1American Century Growth Inv (TWCGX) GR/LG 37.09 1 3 1 1.8 9.5 10.4 25.3 19.2 14.3 14.4 449.1 -45.5 0.2American Century Heritage A (ATHAX) Y GR/MG 18.73 3 3 3 1.5 7.8 4.4 22.8 15.2 10.6 13.3 399.4 -52.0 0.0American Century Inc & Gr Inv (BIGRX) GI/LB 38.30 ▼ 3 3 2 -1.5 3.8 5.3 13.3 10.5 8.7 12.1 355.4 -51.5 1.8American Century Mid Cap Value Inv (ACMVX) GR/MV 16.54 3 3 3 -3.2 2.7 5.2 14.0 6.1 8.5 12.1 401.4 -41.6 1.4American Century Select Inv (TWCIX) GR/LG 81.63 1 3 1 1.8 9.6 12.1 26.3 18.9 14.4 14.7 462.9 -47.7 0.0American Century Ultra Inv (TWCUX) AG/LG 53.62 2 4 1 2.8 11.3 12.2 25.2 21.1 15.5 15.8 519.6 -49.6 0.0American Century Value Inv (TWVLX) GI/LV 8.06 3 4 3 -4.7 3.0 4.3 11.7 5.8 7.3 10.5 314.0 -45.0 1.7American Funds AMCAP A (AMCPX) Y GR/LG 33.39 ▲ 2 3 2 -0.5 7.8 7.7 16.3 13.3 9.8 12.7 416.1 -48.6 0.5American Funds Cap Inc Builder A (CAIBX) Y IN/LB 62.75 3 2 4 -0.9 3.1 5.9 11.8 6.9 5.0 7.2 169.7 -40.7 3.1American Funds Fundamentl Invs A (ANCFX) Y GI/LB 61.30 2 3 2 -1.2 6.4 8.7 16.9 10.3 10.4 12.0 367.6 -50.1 1.4American Funds Gr Fnd of Amer A (AGTHX) Y GR/LG 51.59 2 3 1 0.9 8.7 9.3 18.2 14.8 12.9 13.6 413.4 -48.8 0.6American Funds Inv Co of Amer A (AIVSX) Y GI/LB 39.07 2 3 2 -1.3 6.4 7.2 15.9 10.2 9.6 11.6 338.7 -47.2 1.8American Funds Mutual Fund A (AMRMX) Y GI/LV 43.03 ▼ 2 2 2 -1.1 4.0 6.5 14.8 10.9 9.5 11.7 333.9 -43.3 1.9American Funds Wash Mutual A (AWSHX) Y GI/LV 47.53 1 3 1 -1.3 4.6 7.0 17.0 12.6 11.0 12.9 387.5 -48.9 1.7Ariel Appreciation Fund Inv (CAAPX) GR/MV 43.21 5 4 4 -3.1 3.3 1.5 9.2 5.1 5.5 10.6 445.9 -55.1 0.9Ariel Fund Inv (ARGFX) GR/MV 63.47 4 5 3 -2.4 4.1 1.5 9.3 5.8 6.7 11.6 557.0 -64.4 0.8Artisan Mid Cap Fund Inv (ARTMX) GR/MG 36.20 3 4 3 3.0 9.1 3.3 27.4 16.3 11.1 14.8 500.2 -52.1 0.0Artisan Mid Cap Value Fund Inv (ARTQX) GR/MV 18.11 5 4 3 -4.0 0.8 -0.4 6.4 4.1 5.4 9.5 306.9 -41.5 0.5Auxier Focus Inv (AUXFX) GR/LV 22.18 ▼ 4 3 3 -2.5 2.0 2.9 8.5 7.8 6.6 8.5 224.2 -35.7 0.0Ave Maria Growth (AVEGX) GR/MG 38.39 1 3 1 1.0 7.6 7.8 28.2 18.8 14.2 14.8 468.0 -43.2 0.0Ave Maria Rising Dividend (AVEDX) GR/LB 18.14 ▼ 3 3 2 -2.9 1.8 2.5 15.5 10.5 9.1 11.9 379.9 -40.2 1.1BMO Large-Cap Growth Fund Y (MASTX) GR/LG 18.78 2 3 1 1.1 7.2 7.5 19.6 16.4 13.7 14.8 467.3 -47.8 0.4BNY Mellon Appreciation Investor (DGAGX) GR/LB 33.94 1 3 1 0.7 8.4 10.4 27.7 16.3 11.7 12.1 339.7 -45.4 0.8BNY Mellon Income Stock Fund Inv (MIISX) GI/LB 8.64 ▼ 3 3 2 -4.2 1.1 3.2 14.1 8.3 9.1 12.0 394.3 -52.8 1.7BNY Mellon Ins S&P 500 Stock Idx I (DSPIX) GI/LB 59.92 1 3 1 -0.1 6.6 9.2 21.5 14.3 12.1 13.8 441.7 -51.0 1.5BNY Mellon Large Cap Securities (DREVX) GI/LG 12.58 2 3 2 1.2 7.5 8.6 21.9 13.1 11.2 12.3 371.7 -50.5 1.0BNY Mellon Lg-Cap Equity A (DLQAX) Y GR/LB 20.54 2 3 1 -0.3 6.3 7.6 18.9 13.7 11.9 12.8 375.0 -56.1 0.6BNY Mellon Mid Cap Multi-Strat M (MPMCX) GR/MG 18.34 3 4 2 -0.1 6.8 5.6 17.1 11.1 9.5 12.2 369.4 -51.4 0.2BNY Mellon MidCap Index Investor (PESPX) GR/XM 31.74 4 4 3 -2.7 3.0 2.7 10.7 7.2 8.2 12.3 416.7 -49.5 1.2BNY Mellon Oppor Midcap Val A (DMCVX) Y GR/MV 26.42 ▲ 4 5 4 -0.7 6.8 6.5 10.1 4.9 4.9 10.6 390.2 -48.7 0.2BNY Mellon Research Growth Z (DREQX) GR/LG 16.03 3 ▲ 3 2 3.1 10.6 9.5 22.2 16.9 13.3 14.6 453.1 -46.7 0.1BNY Mellon S&P 500 Index (PEOPX) GI/X5 50.28 1 3 1 -0.1 6.6 9.0 21.1 14.0 11.8 13.4 423.8 -51.2 1.4BNY Mellon Tax Mgd Grwth A (DTMGX) Y GR/LG 31.53 1 3 2 0.8 8.5 10.5 27.8 15.7 10.9 11.6 315.0 -43.8 0.7

GENERAL EQUITY


Max.Style Attribution Analysis

% invested inSales Expense Min Fund Mgr

LG LV SG SV FO EM PM IB HY BD Cash Bds Cvts Stks Charge Ratio Init. Inv. Manager Since Rating 2 Telephone

2) Manager Rating seeks to measure the “value added” (or detracted) by a manager during his or her tenure at the fund, adjusted for risk, as compared with the fund’speers. The number expressed represents the annualized percentage by which the actual return was above or below the “expected” return, with the expected returndetermined by the risk and performance of the peer group. See the beginning of this fund listing section or the Subscriber’s Guide for more detail.


F E B R U A R Y 2 0 2 0 1 1

17 53 0 0 6 0 0 0 0 14 - - - 100 4.25 0.99 2500 Joseph Paul 9/10 1.6 800 221-5672▼ 62 0 13 0 11 0 2 0 0 0 - - - 100 4.25 1.18 2500 Team Managed - - 800 221-5672▼ 66 0 10 0 13 0 0 0 0 0 - - - 100 4.25 0.88 2500 Team Managed - - 800 221-5672

0 ▲ 76 5 6 6 0 0 0 ▼ 0 0 - - - 100 4.25 0.89 2500 Team Managed - - 800 221-5672 0 73 0 0 0 0 0 0 0 0 - - - 100 5.75 1.05 500 Team Managed - - 800 858-8850 35 0 8 0 0 0 0 0 ▼ 0 25 - - - 100 None 1.15 2000 Scott Gates 12/10 -1.7 800 548-4539 0 0 27 59 0 0 0 0 0 0 - - - 100 None 1.24 2000 Team Managed - - 800 548-4539 16 0 0 0 0 5 0 0 ▼ 0 12 - - - 100 None 1.16 2000 Team Managed - - 800 548-4539 0 28 0 0 24 15 0 0 0 13 - - - 100 None 1.24 2000 Stephen Yacktman 12/02 3.2 800 548-4539

- - - - - - - - - - - - - 100 None 0.70 100000 Stephen Yacktman 12/02 2.2 800 548-4539 0 35 3 0 34 7 0 0 0 12 - - - 100 None 1.25 1 Mil Team Managed - - 866 667-9231 50 21 0 0 0 0 0 ▼ 0 0 ▲ 15 - - - 100 5.75 1.25 1000 Team Managed - - 866 667-9231 8 9 26 30 0 0 0 0 0 ▲ 14 - - - 100 5.75 1.41 1000 Team Managed - - 866 667-9231 4 22 3 0 15 11 1 ▼ 0 ▲ 19 16 - - - - None 1.10 2500 Rusty Vanneman 2/13 -0.8 866 811-0225

▲ 88 0 0 0 0 0 0 9 0 0 - - - 100 5.25 1.21 1000 Patrick Kelly 9/04 3.5 800 992-3863- - - - - - - - - - - - - 100 None 0.94 500000 Team Managed - - 800 992-3863

34 35 0 0 11 0 0 16 0 0 - - - 100 5.25 1.07 1000 Daniel Chung 1/11 2.6 800 992-3863 87 0 0 0 0 0 0 9 0 0 - - - 100 5.25 1.31 1000 Patrick Kelly 9/04 4.0 800 992-3863 79 0 0 0 0 0 1 0 0 15 - - - 100 None 1.77 1000 Karen Hiatt 9/12 0.5 888 852-3922 12 ▲ 77 0 0 7 0 0 0 ▼ 0 0 - - - 100 5.50 1.01 1000 Team Managed - - 888 852-3922 8 36 7 13 4 0 0 ▼ 0 0 21 - - - 100 None 1.74 1000 Team Managed - - 888 852-3922 0 27 11 56 0 0 0 0 0 0 - - - 99 5.50 1.18 1000 Team Managed - - 888 852-3922 48 20 0 0 14 9 0 0 ▼ 0 0 - - - 100 None 1.02 250 Team Managed - - 888 732-6262 25 41 0 0 22 0 0 0 0 0 - - - 100 None 1.05 250 Team Managed - - 888 732-6262 68 9 0 0 7 0 0 12 0 0 - - - 100 None 1.00 2500 Gregory J. Woodhams 2/18 - 800 345-2021 47 29 0 0 3 0 0 0 0 16 - - - 100 None 0.67 2500 Claudia Musat 6/10 2.7 800 345-2021 4 36 6 0 14 0 0 18 0 11 - - 8 87 None 0.91 2500 Team Managed - - 800 345-2021 64 10 0 0 7 0 0 15 0 0 - - - 100 None 0.98 2500 Gregory J. Woodhams 9/97 0.2 800 345-2021 56 0 16 0 0 0 2 0 0 16 - - - 99 5.75 1.25 2500 Nalin Yogasundram 3/16 -0.7 800 345-2021 29 52 0 0 4 0 0 0 0 11 - - - 100 None 0.67 2500 Brian L. Garbe 12/10 2.8 800 345-2021 0 55 8 19 10 0 0 ▼ 0 0 0 - - - 97 None 0.97 2500 Team Managed - - 800 345-2021 60 6 0 0 10 0 0 17 0 0 - - - 100 None 0.97 2500 Team Managed - - 800 345-2021 67 9 0 0 8 0 0 ▲ 11 0 0 - - - 100 None 0.97 2500 Team Managed - - 800 345-2021 0 91 0 5 0 0 0 0 0 0 - - - 100 None 0.99 2500 Team Managed - - 800 345-2021 47 25 15 0 5 3 0 0 0 0 - - - 100 5.75 0.67 250 Team Managed - - 800 421-4225 9 19 0 0 27 3 1 11 0 23 - - 1 99 5.75 0.60 250 Team Managed - - 800 421-4225 38 35 0 0 17 5 0 0 0 0 - - 0 100 5.75 0.60 250 Team Managed - - 800 421-4225 60 19 9 0 6 0 0 0 0 0 - - - 100 5.75 0.63 250 Team Managed - - 800 421-4225 41 41 0 0 13 0 0 ▼ 0 0 0 - - 0 100 5.75 0.58 250 Team Managed - - 800 421-4225 17 33 0 0 11 0 0 20 0 11 - - 0 100 5.75 0.59 250 Team Managed - - 800 421-4225 25 35 0 0 15 0 0 20 0 0 - - 1 99 5.75 0.58 250 Team Managed - - 800 421-4225 0 73 0 18 0 0 0 0 0 0 - - - 100 None 1.14 1000 John W. Rogers Jr. 9/02 -1.8 800 292-7435 0 51 10 25 0 0 0 0 0 0 - - - 100 None 1.02 1000 Team Managed - - 800 292-7435 49 0 12 0 0 0 0 0 0 28 - - - 100 None 1.19 1000 Team Managed - - 800 344-1770 0 ▼ 43 7 16 0 0 0 0 ▲ 22 0 - - - 100 None 1.20 1000 Team Managed - - 800 344-1770 28 40 0 0 18 0 0 0 0 0 - - - 100 None 0.98 5000 J. Jeffrey Auxier 4/01 1.7 877 328 9437 42 0 11 0 13 0 0 0 0 20 - - - 100 None 0.95 2500 Richard L. Platte Jr. 9/13 3.8 866 283-6274 16 ▲ 46 ▲ 11 0 16 0 0 0 ▼ 0 0 - - - 100 None 0.94 2500 Team Managed - - 866 283-6274 69 12 0 5 0 0 0 0 0 ▲ 10 - - - 100 None 0.79 1000 Team Managed - - 800 236-3863 46 12 0 0 18 0 0 18 0 0 - - - 100 None 0.90 2500 Team Managed - - 800 782-6620 0 81 3 0 6 4 0 0 0 0 - - - 100 None 1.05 10000 Team Managed - - 800 430 7629 39 37 0 0 7 0 0 14 0 0 - - - 100 None 0.20 1000 Team Managed - - 800 782-6620 41 21 0 0 7 0 0 25 0 0 - - - 100 None 0.72 2500 Team Managed - - 800 782-6620 47 28 0 0 9 0 0 13 0 0 - - - 100 5.75 1.09 1000 Thomas Lee 1/18 4.0 800 782-6620 33 28 22 0 0 0 0 0 0 12 - - - 99 None 0.89 10000 Team Managed - - 800 430 7629 0 35 29 26 0 4 0 0 0 0 - - - 100 None 0.50 2500 Team Managed - - 800 782-6620 23 ▲ 42 12 11 0 0 0 0 ▼ 0 0 - - - 98 5.75 1.15 1000 James M. Boyd 12/08 -1.0 800 782-6620 62 11 0 0 8 0 0 15 0 0 - - - 100 None 0.84 1000 Team Managed - - 800 782-6620 39 37 0 0 7 0 0 15 0 0 - - - 100 None 0.50 2500 Team Managed - - 800 782-6620 37 12 0 0 10 0 0 19 ▲ 15 0 - - - 100 5.75 1.20 1000 Team Managed - - 800 782-6620

GENERAL EQUITY






1 2 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

Baron Asset Fund Retail (BARAX) GR/MG 88.28 2 4 1 2.3 7.7 5.8 29.1 19.7 14.1 14.9 505.9 -53.5 0.0Baron Growth Fund Retail (BGRFX) SC/MG 85.36 2 4 2 3.3 8.9 10.4 30.7 20.4 12.8 14.7 486.1 -51.4 0.0Baron Partners Retail (BPTRX) AG/MG 76.89 2 5 2 11.4 25.2 23.9 48.0 25.4 16.6 17.8 604.9 -59.4 0.0Baron Small Cap Fund Retail (BSCFX) SC/SG 29.85 3 5 2 1.7 8.2 5.8 21.9 16.5 11.4 13.3 424.2 -51.5 0.0BlackRock Advantage Lrg Cap Gr A (BMCAX) Y GR/LG 17.03 1 3 1 2.7 9.8 11.1 25.2 17.0 13.0 11.4 348.2 -51.2 0.5BlackRock Advtg Large Cap Core A (MDLRX) Y GR/LB 16.97 1 3 1 0.5 6.9 8.2 19.0 13.4 11.5 12.3 344.0 -50.4 1.3BlackRock Basic Value A (MDBAX) Y GI/LV 19.90 3 3 3 -3.6 2.6 4.1 10.9 6.2 6.8 9.9 306.9 -50.5 2.2BlackRock Capital Appreciation A (MDFGX) Y GR/LG 28.55 2 4 2 3.5 11.4 9.9 24.2 20.8 14.8 14.0 416.8 -46.5 0.0BlackRock Equity Dividend R (MRDVX) IN/LV 20.47 2 3 2 -2.6 3.3 6.1 15.5 9.8 9.7 10.9 308.3 -46.4 1.2BlackRock High Equity Income A (BMEAX) Y GR/LV 22.72 3 3 3 -2.8 2.6 5.1 11.6 8.2 6.9 10.7 328.8 -45.7 4.4Boston Partners Long/Short Eq Inv (BPLEX) GR/LS 14.71 5 2 5 -4.9 -2.1 -1.0 -1.3 -3.9 0.4 5.1 245.0 -30.2 0.0Bridgeway Ultra-Small Company (BRUSX) SC/SV 23.35 5 4 5 -3.8 3.2 0.5 -6.3 -2.8 -1.7 6.6 239.5 -61.1 1.1Brown Capital Mgmt Sm Co Inv (BCSIX) SC/SG 102.41 3 5 1 3.4 9.6 1.4 18.6 19.0 16.1 16.9 608.0 -40.9 0.0Buffalo Discovery Investor (BUFTX) GR/MG 24.53 2 3 1 1.2 5.9 2.8 21.5 15.0 12.1 14.7 531.3 -47.9 0.0Buffalo Flexible Income Investor (BUFBX) IN/LV 15.57 4 3 3 -1.6 3.4 4.0 9.1 7.0 6.2 8.1 213.6 -36.0 1.9Buffalo Growth Investor (BUFGX) GR/LG 25.70 1 3 2 1.8 7.3 7.2 24.6 17.1 12.6 13.9 452.3 -46.7 0.3Buffalo Mid Cap Investor (BUFMX) GR/MG 15.75 3 3 3 2.3 7.3 7.3 27.8 13.3 9.8 10.7 328.7 -49.4 0.0CIBC Atlas Disciplined Equity Instl (AWEIX) GR/LB 22.79 1 3 1 0.4 6.7 8.4 22.3 16.3 13.0 14.2 463.7 -45.6 0.8CRM Mid Cap Value Inv (CRMMX) GR/MV 21.05 3 3 2 -1.7 2.6 2.8 12.4 9.9 9.7 11.2 311.3 -44.4 0.4Calamos Growth & Income A (CVTRX) Y GI/LB 34.44 1 3 2 -0.1 5.9 7.2 17.6 11.6 9.5 9.3 245.1 -39.4 1.1Calamos Growth Fund C (CVGCX) GR/LG 16.65 2 3 3 2.1 8.3 7.1 21.5 14.4 9.5 10.8 325.7 -58.3 0.0Calamos Market Neutral Income A (CVSIX) Y IN/MK 13.51 3 1 4 0.2 0.8 1.8 4.6 4.0 3.8 4.1 76.3 -18.3 1.3Calvert Equity Port A (CSIEX) Y GR/LG 56.00 1 ▲ 2 2 1.5 7.1 8.9 29.6 21.3 14.8 14.4 477.2 -46.7 0.0Carillon Clarivest Capital Appr A (HRCPX) Y AG/LG 46.25 ▲ 1 3 1 1.4 8.9 10.8 23.5 16.4 13.1 13.7 467.9 -51.4 0.3Carillon Eagle Growth & Income A (HRCVX) Y GI/LV 21.62 ▼ 2 2 2 -0.9 3.1 4.7 15.2 12.0 10.0 11.4 348.1 -48.2 1.7Carillon Eagle Mid Cap Growth A (HAGAX) Y GR/MG 66.51 2 4 2 0.9 7.7 4.5 21.2 16.6 12.7 14.6 477.2 -46.9 0.0Carillon Scout Mid Cap I (UMBMX) GR/MG 18.86 4 3 2 -0.8 2.9 2.0 9.8 9.3 10.3 12.8 464.0 -46.0 0.6Chase Growth N (CHASX) GR/LG 12.48 2 3 2 1.1 6.5 6.3 19.2 14.0 10.3 12.6 294.6 -42.4 0.0ClearBridge Aggressive Growth A (SHRAX) Y AG/LG 171.24 4 4 4 -2.2 4.7 6.3 10.1 6.7 5.7 12.5 399.1 -51.9 0.4ClearBridge All Cap Value A (SHFVX) Y GR/LV 12.65 4 4 3 -5.1 0.0 0.5 5.3 4.7 6.0 8.8 273.8 -50.9 1.4ClearBridge Appreciation Fund A (SHAPX) Y GR/LB 26.08 1 3 2 -0.7 5.3 7.5 21.9 14.1 11.6 12.5 357.6 -41.9 1.0ClearBridge Dividend Strategy A (SOPAX) Y GI/LB 25.34 1 3 2 -0.8 4.7 6.5 21.3 13.3 10.7 12.3 327.8 -42.8 1.2ClearBridge Large Cap Growth A (SBLGX) Y GR/LG 49.18 1 3 1 0.7 7.6 7.3 21.4 16.9 14.6 15.0 489.8 -46.0 0.1ClearBridge Value C (LMVTX) GR/LV 83.31 4 4 3 -3.4 3.0 2.0 10.1 5.9 6.0 9.2 325.8 -67.5 0.0Clipper Fund (CFIMX) GR/LB 122.50 3 4 2 -0.2 5.9 8.1 16.3 9.3 10.9 12.1 443.2 -61.5 0.9Columbia Acorn Inst (ACRNX) GR/MG 14.67 3 4 2 -0.2 7.1 2.3 14.4 13.6 10.8 12.0 393.7 -51.5 0.0Columbia Acorn Select Fund A (LTFAX) Y GR/MG 11.80 3 ▲ 4 2 -1.4 8.1 7.6 13.4 10.6 9.6 8.5 312.2 -58.4 0.0Columbia Acorn USA Institutional (AUSAX) SC/SG 14.83 3 5 2 -2.2 7.7 5.5 14.8 14.1 11.4 13.0 459.0 -52.3 0.1Columbia Contrarian Core A (LCCAX) Y GI/LV 26.73 2 3 2 0.1 7.1 9.1 22.3 12.8 10.4 13.0 420.3 -46.2 0.8Columbia Dividend Income Fund A (LBSAX) Y IN/LV 24.24 1 3 2 -0.8 4.7 7.2 19.7 13.1 10.1 12.1 340.0 -43.4 1.5Columbia Large Cap Growth Instl (GEGTX) GR/LG 46.86 2 4 2 2.3 10.6 11.9 26.8 18.1 13.7 15.1 476.4 -49.6 0.0Columbia Large Cap Growth Opp A (NFEAX) Y GR/LG 18.94 2 4 2 2.0 10.2 11.5 26.2 17.6 12.2 13.8 415.1 -50.7 0.0Columbia Large Cap Index Instl (NINDX) GI/XL 51.71 1 3 1 -0.1 6.7 9.2 21.5 14.3 12.2 13.8 441.0 -51.0 1.7Columbia Large Cap Value A (INDZX) Y GI/LV 13.91 3 3 3 -2.1 4.3 6.6 16.7 9.4 6.6 9.8 298.4 -55.0 1.3Columbia Mid Cap Growth Inst (CLSPX) GR/MG 25.93 3 4 3 0.7 7.6 6.6 23.9 14.9 8.3 11.6 353.4 -51.4 0.0Columbia Select Large Cap Gr Inst (UMLGX) GR/LG 13.05 3 5 2 0.4 9.8 8.4 20.7 18.2 12.1 14.8 501.6 -51.7 0.0Columbia Select Mid Cap Value Instl (NAMAX) GI/MV 11.02 ▼ 4 3 ▲ 3 -2.8 4.3 4.1 14.9 7.5 4.4 10.0 322.9 -54.5 1.0Columbia Small/Mid Cap Value A (AMVAX) Y GR/MV 8.99 5 4 3 -2.5 2.4 1.6 7.8 3.5 4.8 9.5 315.3 -57.0 0.6Commerce Mid Cap Growth (CFAGX) GR/MG 43.42 2 3 1 0.7 5.6 4.7 24.5 16.0 12.9 14.2 452.0 -48.0 0.3Copley Fund (COPLX) GI/VL 136.88 2 3 2 6.6 11.5 18.9 29.3 19.7 14.1 13.1 257.1 -41.1 0.0DFA Tax-Managed US Equity (DTMEX) GR/LB 34.64 1 3 1 -0.2 6.7 8.5 20.6 13.8 11.9 13.8 428.4 -49.5 1.4DWS Capital Growth A (SDGAX) Y GR/LG 87.45 2 3 2 4.4 11.3 12.6 30.5 19.4 12.3 13.5 362.9 -42.7 0.0DWS Core Equity Fund S (SCDGX) GI/LB 28.28 ▲ 1 3 2 0.0 6.5 8.7 20.6 13.8 10.5 12.9 412.5 -50.8 1.2DWS Small Cap Growth S (SSDSX) SC/SG 30.04 5 4 3 -1.2 4.3 2.2 8.2 7.1 5.3 11.5 384.6 -59.4 0.0Davenport Core (DAVPX) GR/LG 27.11 1 3 1 0.4 6.3 7.9 23.7 13.6 10.9 12.9 379.4 -47.8 0.4Davenport Value & Income (DVIPX) GR/LV 17.43 3 3 3 -2.2 3.2 6.2 14.2 8.7 8.0 — — — 1.8Davis Opportunity A (RPEAX) Y GR/LG 32.66 3 3 3 -2.4 6.7 7.5 12.0 8.5 10.2 11.8 395.3 -54.7 0.4Delaware Equity Income A (FIUTX) Y GI/LV 7.10 3 3 4 -2.9 3.2 4.7 12.4 7.5 6.2 8.8 240.6 -45.0 1.8Delaware Growth & Income A (FGINX) Y GI/LB 13.59 3 3 4 -2.8 3.2 4.3 14.0 8.3 6.2 10.5 310.8 -49.7 1.4Delaware Select Growth A (DVEAX) Y AG/LG 33.29 3 4 3 0.9 6.7 1.8 17.1 14.0 9.0 12.8 456.5 -54.2 0.0







F E B R U A R Y 2 0 2 0 1 3

GENERAL EQUITY

39 0 14 0 0 0 0 ▼ 0 0 ▲ 32 - - - 100 None 1.30 2000 Andrew Peck 1/08 0.9 800 992-2766 39 0 18 0 6 0 0 0 0 20 - - - 100 None 1.29 2000 Ronald Baron 1/95 3.4 800 992-2766

▼ 61 0 0 0 0 0 0 0 0 0 - - - 100 None 1.33 2000 Ronald Baron 4/03 2.2 800 992-2766 19 0 37 0 5 0 0 ▲ 14 0 14 - - - 100 None 1.31 2000 Clifford Greenberg 9/97 1.7 800 992-2766 71 9 0 0 0 0 0 17 0 0 - - - 100 5.25 0.87 1000 Team Managed - - 800 441-7762 38 33 4 0 4 0 0 18 0 0 - - - 100 5.25 0.73 1000 Team Managed - - 800 441-7762 0 77 6 0 12 0 0 0 0 0 - - - 100 5.25 0.81 1000 Carrie King 10/09 -0.5 800 441-7762 76 0 0 0 0 0 0 0 0 18 - - - 100 5.25 1.01 1000 Lawrence Kemp 1/13 1.6 800 441-7762 11 68 0 0 17 0 0 0 0 0 - - - 100 None 1.27 100 Team Managed - - 800 441-7762 3 ▲ 71 0 0 21 0 0 ▼ 0 0 0 - - - 100 5.25 1.10 1000 Team Managed - - 800 441-7762 0 ▼ 19 0 0 0 5 0 0 ▲ 38 0 - - - 100 None 2.70 2500 Robert Jones 11/98 2.9 212 908-9500 0 0 0 ▼ 47 0 7 3 0 0 0 - - - 100 None 1.21 2000 Team Managed - - 800 661-3550

▼ 20 0 ▼ 42 0 0 0 0 ▲ 17 0 0 - - - 100 None 1.24 5000 Team Managed - - 877 892-4226 52 0 17 0 0 0 2 0 0 17 - - - 100 None 1.00 2500 Clay Brethour 1/04 1.4 800 492-8332 10 55 0 0 0 0 0 19 0 0 - - 2 98 None 1.00 2500 John Kornitzer 1/03 1.5 800 492-8332 57 0 5 0 6 0 0 26 0 0 - - - 100 None 0.91 2500 Clay Brethour 11/07 1.6 800 492-8332 45 0 17 0 0 0 1 0 0 25 - - - 100 None 1.01 2500 Chris Carter 11/17 1.8 800 492-8332 37 28 0 0 9 0 0 21 0 0 - - - 100 None 0.75 250000 Patricia A. Bannan 6/10 4.7 855 328-3863 0 23 20 10 8 0 0 ▼ 0 0 21 - - - 100 None 1.14 2500 Thaddeus Pollock 7/12 1.6 800 276-2883 39 25 0 0 13 2 0 18 0 0 - - 21 78 4.75 1.09 2500 Team Managed - - 800 582-6959

▲ 78 14 0 0 0 0 0 ▼ 0 0 0 - - - 100 None 2.11 2500 Team Managed - - 800 582-6959 7 ▲ 12 0 ▼ 0 12 ▲ 10 3 0 0 0 - - 45 54 2.25 1.24 2500 Team Managed - - 800 582-6959 46 0 0 0 11 0 0 0 0 22 - - - 100 4.75 0.99 1000 Team Managed - - 800 368-2745 64 7 0 0 7 0 0 19 0 0 - - - 100 4.75 1.00 1000 Team Managed - - 800 421-4184 15 24 0 0 10 0 0 ▲ 16 0 ▼ 18 - - - 100 4.75 0.97 1000 Team Managed - - 800 421-4184 41 0 17 0 6 0 1 27 0 0 - - - 100 4.75 1.05 1000 Team Managed - - 800 421-4184 22 28 14 0 5 0 3 0 0 15 - - - 100 None 0.98 10000 Team Managed - - 800 421-4184 53 0 0 0 7 0 1 ▲ 17 ▼ 0 10 - - - 100 None 1.23 2000 Team Managed - - 888 861-7556 0 37 28 0 9 ▼ 0 0 0 0 0 - - - 100 5.75 1.12 1000 Richard Freeman 10/83 -0.6 800 822-5544 6 71 7 10 0 0 0 0 0 0 - - - 100 5.75 1.13 1000 Albert Grosman 3/15 -2.5 800 822-5544 41 29 0 0 13 0 0 ▲ 12 0 ▼ 0 - - - 100 5.75 0.95 1000 Scott Glasser 12/01 1.8 800 822-5544 24 20 0 0 15 0 0 29 0 ▼ 0 - - - 100 5.75 1.05 1000 Team Managed - - 800 822-5544 71 20 0 0 0 5 0 0 0 0 - - - 100 5.75 1.02 1000 Peter Bourbeau 7/09 2.5 800 822-5544 21 68 0 0 0 0 3 0 0 0 - - - 100 None 1.72 1000 Sam Peters 11/10 -1.5 800 822-5544 23 42 0 ▼ 0 0 18 0 0 0 0 - - - 100 None 0.71 2500 Christopher Davis 1/06 0.0 800 432-2504 35 0 36 0 0 0 0 0 21 0 - - - 100 None 0.84 0 Team Managed - - 800 345-6611 5 18 29 ▼ 0 0 ▼ 4 2 0 ▲ 24 0 - - - 100 5.75 1.17 2000 David Frank 12/15 -4.7 800 345-6611 0 23 46 16 0 ▼ 0 0 0 0 0 - - - 100 None 1.16 0 Matthew Litfin 1/16 -0.4 800 345-6611 41 36 0 0 6 0 0 13 0 0 - - - 100 5.75 1.03 2000 Guy Pope 3/05 3.5 800 345-6611 23 45 0 0 7 0 0 0 0 16 - - - 99 5.75 0.96 2000 Team Managed - - 800 345-6611 72 10 0 0 4 0 0 12 0 0 - - - 100 None 0.79 0 Team Managed - - 800 345-6611 73 11 0 0 0 3 0 11 0 0 - - - 100 5.75 1.05 2000 Tchintcia Barros 11/15 -0.2 800 345-6611 39 38 0 0 7 0 0 14 0 0 - - - 100 None 0.20 0 Vadim Shteyn 8/11 0.1 800 345-6611 12 65 0 6 13 0 0 0 0 0 - - 0 100 5.75 1.02 2000 Hugh Mullin 7/13 -1.4 800 345-6611

▲ 60 0 26 0 0 0 2 0 ▼ 0 0 - - - 100 None 0.92 0 Team Managed - - 800 345-6611▼ 80 0 9 0 0 0 2 0 0 0 - - - 100 None 0.86 0 Team Managed - - 800 345-6611

0 ▲ 55 11 7 9 7 0 ▼ 0 0 0 - - - 100 None 0.91 0 Jonas Patrikson 6/14 -2.2 800 345-6611 0 27 13 35 0 0 0 15 0 0 - - - 100 5.75 1.24 2000 Christian Stadlinger 9/13 -2.8 800 345-6611 36 5 24 0 6 0 0 18 0 0 - - - 97 None 0.81 1000 Team Managed - - 800 995-6365

- - - - - - - - - - - - - 100 None 4.50 1000 Vijay Chopra 6/18 - 508 674-8459 36 40 5 0 7 0 0 11 0 0 - - - 100 None 0.22 0 Team Managed - - 888 576-1167 68 0 0 0 0 0 0 ▲ 26 ▼ 0 ▼ 0 - - - 100 5.75 0.94 1000 Sebastian Werner 10/16 4.0 800 621-1048 33 42 0 0 0 0 0 12 0 9 - - - 99 None 0.57 2500 Team Managed - - 800 621-1048 0 22 51 17 0 0 0 0 0 0 - - 0 100 None 0.95 2500 Michael A. Sesser 5/17 -7.3 800 621-1048 37 17 0 0 12 0 0 24 0 0 - - - 100 None 0.89 5000 Team Managed - - 800 281-3217 12 46 0 0 12 0 0 ▼ 0 ▲ 16 8 - - - 100 None 0.88 5000 Team Managed - - 800 281-3217 9 64 0 0 0 11 0 0 0 0 - - - 100 4.75 0.94 1000 Team Managed - - 800 279-0279 0 55 6 0 9 0 0 19 0 0 - - - 98 5.75 1.19 1000 Team Managed - - 800 523-1918 9 62 0 0 0 0 0 0 0 17 - - - 98 5.75 1.13 1000 Team Managed - - 800 523-1918

▲ 57 ▼ 0 20 ▲ 13 0 0 0 0 0 0 - - - 100 5.75 1.25 1000 Team Managed - - 800 523-1918






1 4 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

Delaware US Growth A (DUGAX) Y GR/LG 21.27 2 3 2 3.2 7.5 7.3 21.4 16.2 10.6 13.8 430.0 -50.8 0.0Delaware Value A (DDVAX) Y GI/LV 21.80 3 3 3 -2.8 3.1 3.8 9.4 8.7 8.3 12.5 358.0 -48.0 1.5Delaware Wealth Builder C (DDICX) IN/LV 13.94 3 2 4 -1.2 2.1 4.0 8.7 4.5 4.0 7.2 195.3 -42.5 1.8Diamond Hill Long-Short A (DIAMX) Y GR/LS 25.31 3 ▼ 3 3 -3.7 -0.2 0.3 9.9 4.4 5.6 6.4 165.9 -35.5 0.6Dodge & Cox Stock Fund (DODGX) GI/LV 187.45 3 3 2 -3.3 4.1 4.5 11.3 9.1 10.2 12.5 449.9 -57.9 1.7Eaton Vance Dividend Builder A (EVTMX) Y IN/LB 15.66 1 3 2 0.5 6.5 9.6 23.7 13.7 11.1 11.8 305.7 -50.2 1.5Eaton Vance Growth A (EALCX) Y GR/LG 28.54 2 4 1 1.5 9.1 8.7 20.3 16.7 13.1 13.6 423.1 -47.0 0.0Eaton Vance Large Cap Value A (EHSTX) Y GI/LV 20.61 2 3 3 -1.8 4.5 5.5 18.3 10.7 8.6 10.2 282.1 -49.0 1.1Eaton Vance Stock A (EAERX) Y GR/LB 19.19 1 3 2 0.4 6.8 8.4 25.1 14.7 11.6 12.6 369.2 -44.8 0.4Eaton Vance Tax-Mgd Value A (EATVX) Y GI/LV 30.92 ▼ 2 3 2 -1.6 4.6 7.7 19.5 12.0 9.3 10.8 296.7 -48.7 1.0Elfun Trusts (ELFNX) GR/LB 62.49 2 3 3 0.5 9.0 12.2 25.0 16.6 10.0 13.1 408.6 -45.6 0.9FAM Value Fund (FAMVX) GR/MV 79.91 2 3 3 -1.1 3.8 6.4 21.0 11.9 9.5 12.2 355.8 -44.1 0.0FMI Common Stock Fund (FMIMX) GR/MB 25.38 3 3 2 -3.4 0.4 -1.2 10.1 7.6 7.6 10.9 365.1 -38.4 0.4FMI Large Cap Fund (FMIHX) GR/LB 19.13 2 3 ▼ 2 -3.2 1.6 2.2 12.4 10.0 9.4 10.9 353.1 -41.7 0.8Federated Kaufmann R (KAUFX) AG/MG 6.12 2 4 2 2.0 9.2 5.5 24.6 20.3 14.6 14.2 430.4 -51.0 0.0Federated MDT Large Cap Value S (FSTKX) GI/LV 27.61 3 3 3 -1.5 2.7 2.8 10.8 7.6 7.5 11.6 346.6 -47.6 1.3Federated Max-Cap Index C (MXCCX) GI/XL 9.08 1 3 1 -0.1 6.2 8.3 19.6 12.9 10.9 12.5 380.4 -51.7 0.4Federated Mid-Cap Index Fund Svc (FMDCX) GR/XM 19.35 4 4 3 -2.6 3.0 2.7 10.6 7.1 8.1 12.3 416.8 -49.5 1.0Federated Strategic Val Dividend A (SVAAX) Y GI/LV 5.57 3 2 3 -1.9 1.7 6.5 11.6 7.0 7.0 10.5 257.9 -43.8 3.4Fidelity Adv Capital Devlpment O (FDETX) GR/LB 15.60 3 4 2 -2.7 4.9 8.2 17.1 10.7 10.3 12.4 382.2 -54.2 1.8Fidelity Adv New Insights I (FINSX) GR/LG 33.25 2 3 1 1.1 7.5 6.8 19.0 15.8 12.6 13.7 400.4 -46.7 0.3Fidelity Blue Chip Growth (FBGRX) GR/LG 111.14 2 4 2 3.2 12.8 12.2 25.5 21.8 15.6 16.8 625.9 -48.8 0.0Fidelity Capital Appreciation (FDCAX) GR 34.22 2 3 2 1.1 7.8 9.0 22.3 14.5 10.3 13.6 457.5 -55.2 0.6Fidelity Contrafund (FCNTX) GR/LG 14.00 2 4 1 2.1 9.5 8.9 21.3 18.1 13.9 14.7 444.9 -46.3 0.0Fidelity Dividend Growth Fund (FDGFX) GR/LB 29.90 3 3 2 -3.5 3.9 6.3 14.3 11.1 8.9 11.6 444.8 -56.0 1.5Fidelity Equity Dividend Income (FEQTX) IN/LV 24.78 3 3 3 -3.7 3.3 6.0 13.5 8.1 8.1 10.4 336.2 -56.1 2.4Fidelity Equity-Income Fund (FEQIX) IN/LV 59.35 2 3 2 -2.0 3.8 7.2 16.7 8.9 8.8 10.5 343.3 -57.1 1.7Fidelity Export & Multinational (FEXPX) GR/LB 21.06 3 3 2 -3.7 3.4 5.9 13.4 10.4 9.6 10.8 332.9 -53.5 1.5Fidelity Focused Stock Fund (FTQGX) GR/LG 26.42 2 4 2 1.3 9.4 7.6 23.8 21.2 14.5 15.8 487.9 -45.7 0.1Fidelity Fund (FFIDX) GI/LB 51.84 1 3 2 2.2 9.0 12.3 27.1 16.0 12.1 13.2 388.7 -51.7 0.7Fidelity Growth & Income Port (FGRIX) GI/LB 41.22 2 3 2 -2.5 4.7 8.1 17.1 10.2 9.9 12.5 392.5 -63.1 1.7Fidelity Growth Company (FDGRX) GR/LG 21.95 2 4 1 2.8 13.4 14.3 28.6 21.2 16.4 17.7 640.1 -50.3 0.0Fidelity Growth Discovery (FDSVX) GR/LG 40.75 1 3 1 2.5 10.5 11.7 26.3 20.4 14.9 16.4 530.5 -55.9 0.0Fidelity Growth Strategies Fund (FDEGX) AG/GW 50.88 2 3 2 1.7 8.3 8.0 27.3 14.9 11.2 13.4 414.5 -58.6 0.4Fidelity Independence Fund (FDFFX) GR/LB 37.65 2 3 ▲ 2 2.9 9.0 10.4 24.9 16.0 9.8 13.1 425.1 -57.9 0.5Fidelity Large Cap Stock Fund (FLCSX) GR/LB 32.66 3 4 2 -2.7 4.9 8.2 17.2 10.7 10.2 13.2 518.0 -58.2 1.7Fidelity Leveraged Company Stock (FLVCX) GR/LG 31.98 ▲ 3 4 3 -1.4 7.2 7.0 17.4 9.1 7.2 11.1 443.2 -64.6 0.1Fidelity Low-Priced Stock (FLPSX) GI/MV 47.86 3 3 3 -4.4 4.2 6.4 10.8 8.6 7.6 11.4 395.2 -48.9 1.7Fidelity Magellan Fund (FMAGX) GR/LG 10.49 1 3 1 2.8 9.0 10.1 24.3 16.3 12.6 12.8 413.5 -58.3 0.4Fidelity Mid-Cap Stock Fund (FMCSX) GR/MB 35.40 2 3 1 -1.1 3.8 4.4 14.3 10.7 9.3 12.6 453.0 -56.1 0.9Fidelity New Millennium (FMILX) AG/GW 36.85 2 3 1 -2.0 3.6 4.3 13.8 10.8 9.9 12.7 440.3 -52.1 0.9Fidelity OTC Portfolio (FOCPX) GR/LG 13.11 1 4 1 2.5 12.0 14.0 30.0 21.9 17.0 18.2 752.2 -53.6 0.0Fidelity Small Cap Stock Fund (FSLCX) SC/SB 18.07 3 4 3 -0.3 5.3 5.9 14.4 8.7 9.1 9.9 387.0 -55.9 0.3Fidelity Stock Selector All Cap (FDSSX) GR/LG 47.93 2 3 1 0.1 7.8 9.2 20.8 13.6 11.1 13.1 405.4 -52.9 0.8Fidelity Strategic Div & Inc (FSDIX) GI/LB 15.37 2 2 3 -0.5 3.5 5.9 14.5 9.1 7.9 10.8 356.7 -54.8 2.0Fidelity Value Discovery Fund (FVDFX) GI/LV 28.96 3 3 3 -4.4 2.0 3.5 10.6 6.5 6.9 11.1 364.5 -56.5 1.7Fidelity Value Fund (FDVLX) GR/MV 10.59 4 4 3 -4.3 3.5 3.9 12.2 5.8 6.1 11.1 436.3 -61.6 1.1First Eagle Fund of America Y (FEAFX) GR/VL 28.32 5 4 5 -0.6 4.7 2.8 13.2 4.6 3.0 9.2 222.5 -38.0 0.1First Eagle U.S. Value A (FEVAX) Y GR/LB 17.46 3 2 3 -2.9 0.6 0.6 7.2 6.6 6.5 8.5 213.8 -29.7 0.8Franklin Growth C (FRGSX) GR/LG 103.65 1 3 1 1.7 8.6 9.2 22.5 16.0 12.2 13.1 408.8 -47.8 0.0Franklin Mutual Beacon A (TEBIX) Y GI/VL 15.87 3 3 3 -2.3 4.1 5.8 14.1 7.3 7.4 9.5 269.1 -50.9 1.9Franklin Mutual Quest A (TEQIX) Y GI/VL 13.81 4 2 4 -0.2 3.9 3.1 5.4 3.3 4.1 6.7 142.2 -31.8 3.1Franklin Mutual Shares A (TESIX) Y GI/VL 26.55 4 3 4 -2.6 3.6 4.6 11.2 4.9 5.9 8.6 241.4 -50.5 2.2Franklin Mutual US Value A (FRBSX) Y GR/MV 32.80 3 4 3 -3.6 2.3 3.1 9.4 5.2 6.5 9.3 291.7 -54.8 1.5Franklin Rising Dividends A (FRDPX) Y GI/LV 69.27 2 3 2 -0.5 5.6 5.4 20.9 13.4 11.1 12.7 376.8 -44.9 1.0Franklin Small-Mid Cap Growth A (FRSGX) Y SC/SG 33.49 3 4 3 2.3 8.9 4.1 21.0 14.4 10.1 12.9 402.7 -52.9 0.0FundX Upgrader Fund (FUNDX) GR/LG 60.24 ▲ 2 3 3 0.3 5.3 5.9 18.2 11.8 8.8 10.3 267.6 -54.1 0.0Gabelli Asset AAA (GABAX) GI/MV 53.84 3 3 2 -2.1 3.4 3.9 11.2 9.0 7.8 11.1 349.4 -50.6 0.4Gabelli Equity Income AAA (GABEX) IN/LV 13.88 4 3 4 -2.3 3.4 5.0 10.5 6.6 6.2 9.9 300.4 -48.1 5.3Gabelli Growth AAA (GABGX) GR/LG 67.97 1 3 1 3.3 10.3 12.0 27.5 20.8 15.0 14.3 452.5 -52.1 0.0







F E B R U A R Y 2 0 2 0 1 5

GENERAL EQUITY

81 0 0 0 ▼ 0 0 0 0 0 0 - - - 100 5.75 1.11 1000 Team Managed - - 800 523-1918 0 60 5 0 0 0 0 0 0 22 - - - 100 5.75 0.93 1000 Team Managed - - 800 523-1918 0 40 10 0 5 0 0 ▼ 0 0 ▲ 31 - - 16 80 None 1.85 1000 Damon J. Andres 9/03 -0.7 800 523-1918 0 72 0 7 0 10 0 0 0 0 - - - 100 5.00 1.78 2500 Team Managed - - 888 226-5595 4 87 0 0 0 0 0 0 0 0 - - - 100 None 0.52 2500 Team Managed - - 800 621-3979 29 24 0 0 8 0 0 24 0 7 - - - 100 5.75 1.02 1000 Charles Gaffney 8/07 1.7 800 262-1122 74 16 0 0 5 0 0 0 0 0 - - - 100 5.75 1.05 1000 Lewis R. Piantedosi 9/02 0.2 800 262-1122 10 63 0 0 5 0 0 ▼ 0 0 17 - - - 100 5.75 1.05 1000 Team Managed - - 800 262-1122 37 20 0 0 11 0 0 13 0 14 - - - 100 5.75 0.98 1000 Charles Gaffney 1/07 3.5 800 262-1122 15 ▲ 42 0 0 9 0 0 17 ▼ 0 9 - - - 100 5.75 1.18 1000 Team Managed - - 800 262-1122 48 18 6 0 8 0 0 15 0 0 - - - 100 None 0.19 500 Chris. Sierakowski 8/19 - 800 242-0134

▼ 11 34 ▲ 11 0 7 0 0 0 23 0 - - - 100 None 1.18 500 Team Managed - - 800 932-3271▲ 16 24 ▼ 0 ▲ 44 0 0 0 0 ▼ 0 0 - - - 100 None 1.02 1000 Team Managed - - 800 811-5311

0 56 0 0 21 0 0 0 0 10 - - - 100 None 0.82 1000 Team Managed - - 800 811-5311 41 0 20 0 0 0 9 ▼ 0 0 ▲ 13 - - - 71 None 1.95 0 Team Managed - - 800 341-7400

▼ 0 63 ▲ 10 0 0 0 0 0 0 19 - - - 98 None 0.98 1 Mil Team Managed - - 800 341-7400 37 39 0 0 6 0 0 10 0 6 - - - 98 None 1.41 1500 Ian Miller 7/12 -0.9 800 341-7400 0 35 29 26 0 5 0 0 0 0 - - - 94 None 0.56 1 Mil Ian Miller 7/12 -1.4 800 341-7400 0 27 0 0 17 0 0 ▼ 0 0 ▲ 25 - - - 99 5.50 1.06 1500 Daniel Peris 10/06 0.9 800 341-7400 14 75 0 0 0 6 0 0 0 0 - - - 100 None 0.57 Closed Matthew W. Fruhan 12/13 1.1 800 544-6666 69 16 4 0 6 0 1 0 0 0 - - 1 99 None 0.85 0 William Danoff 7/03 2.7 800 544-6666 79 0 0 5 9 0 0 0 0 0 - - 3 97 None 0.80 0 Sonu Kalra 7/09 3.3 800 544-6666 51 7 0 0 16 0 2 21 0 0 - - - 100 None 0.61 0 Asher Anolic 10/18 - 800 544-6666 93 0 0 0 4 0 0 0 0 0 - - 1 99 None 0.85 0 William Danoff 9/90 4.0 800 544-6666 0 87 0 0 0 6 0 0 0 0 - - - 100 None 0.49 0 Gordon Scott 4/17 0.1 800 544-6666 0 72 0 10 12 0 0 0 0 0 - - - 100 None 0.61 0 John Sheehy 4/17 0.0 800 544-6666 19 50 0 0 11 0 0 15 0 0 - - - 100 None 0.60 0 Ramona Persaud 10/11 1.5 800 544-6666 0 85 0 0 0 6 0 0 0 0 - - 0 100 None 0.73 0 Gordon Scott 7/14 2.1 800 544-6666 61 0 0 0 5 0 0 27 0 0 - - - 100 None 0.89 0 Stephen DuFour 3/07 2.5 800 544-6666 51 9 0 0 7 0 0 16 0 9 - - - 100 None 0.49 0 Jean Park 4/17 6.2 800 544-6666 11 74 0 0 5 4 0 0 0 0 - - 1 99 None 0.61 0 Matthew W. Fruhan 2/11 2.7 800 544-6666 72 0 ▼ 13 7 0 0 0 0 0 0 - - 1 99 None 0.85 0 Steven S. Wymer 1/97 2.0 800 544-6666 69 0 0 0 6 4 0 18 0 0 - - 0 100 None 0.76 0 Jason Weiner 2/07 2.0 800 544-6666

▼ 48 0 11 0 0 0 2 25 0 ▼ 0 - - - 100 None 0.54 0 Jean Park 8/13 4.8 800 544-6666 65 0 0 0 0 0 0 ▼ 0 0 25 - - 0 100 None 0.61 0 Sammy Simnegar 2/19 - 800 544-6666 13 75 0 0 0 6 0 0 0 0 - - - 100 None 0.52 0 Matthew Fruhan 5/05 1.9 800 544-6666

▼ 21 9 ▼ 11 0 7 5 0 0 ▲ 38 0 - - - 100 None 0.78 0 Mark Notkin 9/16 -7.3 800 544-6666 0 38 0 10 38 0 0 0 0 0 - - - 100 None 0.51 0 Team Managed - - 800 544-6666 54 0 0 0 4 0 0 18 0 14 - - 1 99 None 0.74 0 Sammy Simnegar 2/19 - 800 544-6666 0 32 17 13 9 0 1 ▼ 0 0 ▲ 21 - - 1 99 None 0.82 0 John D. Roth 2/11 2.4 800 544-6666 4 ▼ 51 9 0 16 0 1 0 0 ▲ 12 - - 2 98 None 0.67 0 John D. Roth 7/06 2.7 800 544-6666 74 0 0 5 8 9 0 0 0 0 - - 2 98 None 0.88 0 Christopher Lin 9/17 2.9 800 544-6666 0 ▼ 0 35 14 ▲ 19 0 0 0 0 17 - - - 100 None 0.85 0 Kip Johann-Berkel 7/17 3.3 800 544-6666 34 34 9 0 7 0 0 15 0 0 - - - - None 0.65 0 Team Managed - - 800 544-6666 20 21 7 0 8 0 0 13 0 19 - - 20 80 None 0.71 0 Team Managed - - 800 544-6666 0 86 0 0 8 0 0 0 0 0 - - - 100 None 0.60 0 Sean Gavin 1/12 1.5 800 544-6666 0 62 5 25 0 0 0 0 0 0 - - - 100 None 0.58 0 Team Managed - - 800 544-6666 14 25 35 0 0 7 0 0 0 0 - - - 100 None 1.33 Closed Team Managed - - 800 334-2143 4 71 0 8 0 3 6 0 0 0 - - - 100 5.00 1.11 2500 Team Managed - - 800 334-2143 41 12 9 0 10 0 0 25 0 0 - - - 100 None 1.58 1000 Team Managed - - 800 342-5236 10 44 0 0 20 15 0 0 0 0 - - - 100 5.50 1.05 1000 Team Managed - - 800 342-5236 0 ▼ 23 4 0 ▼ 8 0 0 0 ▲ 37 0 - - 1 99 5.50 1.04 1000 Shawn Tumulty 12/03 0.6 800 342-5236 0 77 6 0 7 4 0 0 0 0 - - - 100 5.50 1.03 1000 Team Managed - - 800 342-5236 0 71 0 18 0 4 0 0 0 0 - - - 100 5.50 0.89 1000 Grace Hoefig 7/12 -1.9 800 342-5236 29 25 9 0 8 0 0 0 0 16 - - - 100 5.50 0.87 1000 Team Managed - - 800 342-5236 39 0 19 0 0 0 0 23 ▼ 0 10 - - - 100 5.50 0.88 1000 Michael McCarthy 3/93 -0.9 800 342-5236 48 8 0 0 13 0 0 12 0 13 - - - - None 1.28 1000 Team Managed - - 800 323-1510 4 44 17 0 15 6 0 0 0 9 - - - 100 None 1.36 1000 Mario J. Gabelli 3/86 1.2 800 422-3554 9 49 0 8 18 0 0 0 0 10 - - 0 100 None 1.45 1000 Mario J. Gabelli 1/92 1.6 800 422-3554

▲ 60 0 0 0 0 0 1 ▼ 0 0 ▲ 28 - - - 100 None 1.39 1000 Howard F. Ward 1/95 0.8 800 422-3554






1 6 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

Gabelli Small Cap Growth AAA (GABSX) SC/SG 45.96 4 4 3 -2.2 3.2 3.6 8.5 5.8 6.1 10.6 323.5 -45.3 0.1Gabelli Value 25 A (GABVX) Y GR/MB 13.56 5 3 4 -2.1 4.0 0.6 5.2 4.9 4.8 9.8 322.8 -56.4 0.2Gateway Fund A (GATEX) Y GI/MK 34.60 4 1 4 -0.3 1.8 3.8 7.5 4.7 4.8 4.9 88.8 -24.1 1.0Glenmede Quant US Large Cap Gr Eq (GTLLX) GR/LG 30.63 1 3 1 -1.4 5.5 7.7 21.7 16.3 12.8 16.2 570.3 -49.7 0.4Glenmede Strategic Equity (GTCEX) GI/LB 27.55 2 3 2 -1.6 3.3 6.4 17.9 13.7 10.0 11.8 348.6 -47.6 0.7Goldman Sachs Growth Opp A (GGOAX) Y GR/MG 14.26 2 3 3 1.1 7.3 5.7 23.4 16.2 9.9 12.5 433.9 -47.9 0.0Goldman Sachs Mid Cap Value A (GCMAX) Y GR/MV 33.68 3 3 3 -1.5 4.0 5.7 18.3 7.9 6.1 10.8 328.6 -48.8 0.6Goldman Sachs US Eq Insights A (GSSQX) Y GI/LB 51.61 ▲ 2 3 ▼ 2 0.0 5.7 7.1 14.5 12.2 10.2 13.1 390.0 -52.2 1.3Guggenheim SMid Cap Value A (SEVAX) Y GR/MV 30.56 3 4 3 -2.8 2.9 6.1 12.1 6.6 8.2 9.6 305.4 -40.8 0.9Harbor Small Cap Growth Inv (HISGX) SC/SG 12.05 3 4 2 1.3 11.2 11.1 28.1 15.3 11.1 13.8 456.8 -49.7 0.0Hartford Capital Apprec C (HCACX) AG/LB 26.91 2 3 2 0.0 5.6 5.3 18.8 12.4 9.5 10.3 333.1 -56.7 0.0Hartford Core Equity A (HAIAX) Y GR/LB 35.17 1 3 2 0.6 7.9 10.1 24.6 16.4 13.0 14.6 448.8 -47.9 0.6Hartford Dividend & Growth A (IHGIX) Y GI/LB 26.11 1 3 2 -1.6 4.0 7.4 18.4 11.5 10.4 11.7 349.2 -46.1 1.3Hartford Equity Income A (HQIAX) Y IN/LV 19.31 2 3 2 -1.7 3.4 6.4 16.1 10.1 9.6 11.8 349.2 -45.6 1.6Hartford MidCap Fd A (HFMCX) Y GR/MB 30.41 3 4 1 -0.5 5.7 2.9 18.5 13.5 11.5 13.0 388.2 -46.3 0.0Hartford Schroder US SC Opps A (SCUVX) Y SC/SG 25.47 3 4 2 -3.0 4.3 4.9 15.8 8.6 9.3 11.3 363.4 -45.5 0.1Heartland Select Value Fund Inv (HRSVX) GR/MV 24.06 4 3 3 -5.6 -0.3 -0.3 3.1 6.1 5.4 7.9 268.3 -46.5 0.8Hennessy Cornerstone Lrg Grow Inv (HFLGX) GR/LG 10.66 3 4 3 -3.9 3.6 5.4 13.1 9.1 7.4 11.8 — — 1.2Hennessy Total Return Investor (HDOGX) GI/LV 13.69 3 2 3 -4.3 -1.8 -1.8 4.5 6.4 6.9 8.9 254.5 -49.5 1.7Homestead Small Company (HSCSX) SC/SV 25.77 5 5 ▼ 4 -1.8 2.7 1.5 8.0 -0.1 3.4 10.6 378.2 -48.2 0.6Homestead Value Fund (HOVLX) GI/LV 50.45 2 3 1 -2.1 5.0 7.1 18.0 12.5 10.5 12.6 419.8 -52.4 1.4Hotchkis and Wiley Large Cap Val A (HWLAX) Y GI/LV 33.60 ▼ 4 4 3 -4.8 1.3 1.4 9.2 7.0 7.5 11.5 443.8 -63.4 1.3Intrepid Endurance Fund Inv (ICMAX) SC/SV 13.52 4 1 5 -4.0 0.8 -1.0 2.1 -0.5 0.2 4.4 149.2 -16.6 0.8Invesco Charter A (CHTRX) Y GR/LB 15.96 3 3 3 0.2 6.5 8.0 18.3 9.1 7.1 8.9 250.7 -41.1 0.7Invesco Comstock C (ACSYX) GI/LV 23.82 4 4 3 -4.9 2.2 1.9 8.4 6.2 6.7 10.0 335.6 -53.6 1.3Invesco Diversified Div Inv (LCEIX) GI/LB 20.40 2 2 3 -1.8 2.7 6.7 15.4 6.8 7.8 10.9 338.5 -44.4 2.0Invesco Dividend Income A (IAUTX) Y IN/LV 23.18 3 2 3 -0.8 2.7 5.7 11.4 5.6 7.2 10.2 234.0 -41.8 2.3Invesco Equity & Income A (ACEIX) Y IN/LV 10.09 4 2 3 -1.9 2.8 2.7 10.0 5.4 6.3 8.6 224.5 -36.2 1.7Invesco Growth and Income A (ACGIX) Y GI/LB 22.60 4 4 3 -4.0 2.6 1.6 9.8 5.8 7.7 10.1 313.8 -47.9 1.7Invesco Mid Cap Core Equity A (GTAGX) Y GR/MB 17.21 4 3 4 -2.3 4.4 4.1 13.2 6.9 6.6 8.0 221.2 -38.3 0.3Invesco Mid Cap Growth A (VGRAX) Y GR/MG 34.69 2 3 3 2.6 8.9 6.9 23.8 14.7 10.1 12.4 436.2 -57.1 0.0Invesco Oppenheimer Cap Appr A (OPTFX) Y GR/LG 56.42 2 4 2 1.5 9.6 11.2 24.5 16.4 11.0 12.3 369.1 -53.5 0.0Invesco Oppenheimer Capital Inc A (OPPEX) Y IN/LV 10.24 3 1 4 -0.4 1.1 1.1 6.5 4.0 3.7 6.0 138.7 -46.6 2.8Invesco Oppenheimer Equity Inc A (OAEIX) Y GR/LV 29.75 3 3 3 -2.2 2.4 4.4 11.5 6.5 5.7 9.5 316.4 -47.9 2.0Invesco Oppenheimer MainSt AC A (OMSOX) Y GR/LB 19.61 2 3 2 0.5 6.3 7.7 21.1 10.8 9.2 10.9 344.1 -53.7 0.4Invesco Oppenheimer MainSt MC A (OPMSX) Y GR/MB 25.56 3 4 3 -2.2 4.4 4.3 14.9 7.7 6.7 11.4 412.7 -56.2 0.0Invesco Oppenheimer Rising Divs C (OCRDX) GI/LV 17.19 2 3 3 0.4 6.5 8.5 19.8 11.2 8.1 10.1 250.1 -43.9 0.3Invesco Summit P (SMMIX) GR/LG 22.43 1 4 1 1.5 10.0 11.5 27.2 19.1 14.4 14.4 394.6 -45.7 0.0Ivy Accumulative A (IATAX) Y GR/LB 10.58 3 3 3 3.1 12.6 8.1 23.4 14.0 10.6 12.5 344.9 -51.2 0.0Ivy Core Equity C (WTRCX) GI/LB 11.74 2 3 3 0.1 6.6 8.2 22.0 12.7 9.1 11.9 331.8 -47.5 0.1Ivy Large Cap Growth A (WLGAX) Y GR/LG 24.25 1 3 2 2.6 9.5 11.0 29.7 21.0 14.6 15.1 431.1 -46.9 0.0Ivy Mid Cap Growth Y (WMGYX) GR/MG 28.91 2 4 2 0.6 6.7 5.7 24.8 19.4 12.4 14.3 519.8 -47.9 0.0J Hancock Classic Value A (PZFVX) Y GR/LV 31.27 4 4 3 -4.3 4.5 3.1 7.3 4.8 6.9 9.9 379.0 -64.8 2.3JHancock Fundmntl Large Cap Core A (TAGRX) Y GR/LG 49.78 3 4 2 0.1 7.6 7.6 20.0 11.5 10.6 11.3 330.1 -45.4 0.5JPMorgan Growth Advantage A (VHIAX) Y GR/LG 22.53 2 4 2 3.3 12.2 12.5 26.9 21.3 15.4 16.8 557.5 -49.6 0.0JPMorgan Growth and Income A (VGRIX) Y GI/LV 52.63 2 3 2 -2.2 4.7 7.1 16.7 10.6 9.6 12.5 393.4 -52.5 1.4JPMorgan Large Cap Growth A (OLGAX) Y GR/LG 41.50 2 4 2 3.9 13.2 10.4 30.1 23.5 16.0 16.6 531.8 -47.7 0.0JPMorgan Large Cap Value A (OLVAX) Y GR/LV 14.95 3 4 3 -3.5 3.2 5.6 10.8 6.2 8.8 11.2 375.1 -54.1 1.1JPMorgan Mid Cap Growth A (OSGIX) Y GR/MG 33.51 2 4 2 2.7 10.9 8.6 27.8 18.6 12.6 14.9 495.2 -52.6 0.0JPMorgan Mid Cap Value Fund A (JAMCX) Y GR/MV 37.61 4 3 3 -2.9 2.0 3.4 11.5 6.3 6.6 12.0 384.6 -48.0 0.8JPMorgan US Equity Fund A (JUEAX) Y GR/LB 16.21 1 3 1 1.0 8.5 11.1 21.8 13.8 11.5 13.4 428.7 -48.2 0.6JPMorgan US Rsrch Enhanc Equity A (JDEAX) Y GI/LB 27.21 1 3 2 0.1 7.3 9.8 21.2 13.5 10.3 13.1 424.5 -50.7 1.1JPMorgan Value Advantage Fund A (JVAAX) Y GI/LV 35.79 3 3 ▼ 3 -3.6 2.0 3.6 13.0 7.8 7.6 11.7 421.0 -50.6 1.2Janus Henderson Contrarian D (JACNX) GR/LV 20.98 3 4 3 -1.7 6.8 7.8 25.8 12.2 6.8 10.2 331.4 -59.2 0.7Janus Henderson Enterprise S (JGRTX) AG/MG 137.60 1 3 1 0.4 6.5 5.5 23.1 17.5 14.2 15.4 561.2 -50.0 0.0Janus Henderson Forty S (JARTX) GR/LG 36.95 1 3 1 2.9 9.8 11.1 28.5 20.2 15.9 14.3 456.2 -50.1 0.0Janus Henderson Growth & Inc D (JNGIX) GI/LB 60.36 1 3 1 -1.4 5.7 6.9 18.2 14.6 12.5 13.0 407.7 -52.2 1.7Janus Henderson Mid Cap Value S (JMVIX) GR/MV 16.11 3 3 3 -1.5 3.7 5.9 16.5 7.1 8.0 9.3 272.0 -40.3 0.6Janus Henderson Research D (JNRFX) AG/LG 51.01 1 3 2 2.4 10.6 11.0 27.2 18.0 12.9 14.7 517.8 -53.5 0.4Janus Henderson VIT Research Instl (JAGRX) GR/LG 41.79 1 3 2 2.5 10.6 11.0 27.3 18.4 12.9 13.8 417.5 -48.3 0.4







F E B R U A R Y 2 0 2 0 1 7

GENERAL EQUITY

0 17 13 49 0 9 0 0 0 0 - - - 100 None 1.39 1000 Mario J. Gabelli 10/91 1.7 800 422-3554▼ 0 ▼ 29 ▲ 29 0 16 0 0 0 0 0 - - - 100 5.75 1.43 1000 Mario J. Gabelli 9/89 -0.6 800 422-3554▼ 32 ▼ 33 0 5 7 0 0 0 0 ▲ 13 - - - 100 5.75 0.94 2500 Team Managed - - 800 633-3330

46 23 10 0 13 0 2 0 0 0 - - - 100 None 0.86 0 Team Managed - - 800 442-8299 24 41 0 0 11 0 0 0 0 16 - - - 100 None 0.84 0 John Kichula 2/15 1.7 800 442-8299 46 0 17 0 5 0 2 ▼ 0 0 21 - - - 100 5.50 1.27 1000 Steven M. Barry 7/99 2.3 800 526-7384 15 27 6 15 4 0 0 0 0 21 - - - 99 5.50 1.22 1000 Sung Cho 9/15 0.3 800 526-7384 42 39 4 0 4 0 0 8 0 0 - - - 100 5.50 0.94 1000 Team Managed - - 800 526-7384 0 36 0 43 0 0 1 ▼ 0 0 ▲ 12 - - 0 100 4.75 1.23 2500 Team Managed - - 800 820-0888 8 9 41 0 0 0 2 ▼ 0 ▲ 28 0 - - - 100 None 1.24 2500 Team Managed - - 800 422-1050 30 20 12 0 6 0 0 12 0 13 - - 1 99 None 1.83 2000 Gregg R. Thomas 3/13 1.9 888 843-7824 32 28 0 0 8 0 0 13 0 12 - - - 100 5.50 0.73 2000 Team Managed - - 888 843-7824 18 48 0 0 12 0 0 17 0 0 - - - 100 5.50 0.99 2000 Team Managed - - 888 843-7824 10 46 0 0 15 0 0 ▲ 23 0 ▼ 0 - - - 100 5.50 1.00 2000 Team Managed - - 888 843-7824 23 17 ▲ 33 0 6 0 0 0 ▼ 0 11 - - - 100 5.50 1.10 2000 Mark A. Whitaker 3/10 0.6 888 843-7824 0 25 32 35 0 0 0 0 0 0 - - - 100 5.50 1.35 2000 Robert Kaynor 1/18 -3.5 888 843-7824 0 62 0 27 0 0 2 0 0 0 - - - 100 None 1.26 1000 Will Nasgovitz 5/06 -0.8 800 432-7856 15 60 0 0 ▲ 12 0 0 0 0 0 - - - 100 None 1.29 2500 Team Managed - - 800 966-4354 0 42 0 0 10 0 0 21 0 0 - - - 100 None 2.31 2500 Neil J. Hennessy 7/98 -0.7 800 966-4354 0 30 29 28 0 0 0 0 0 0 - - - 100 None 0.97 500 Prabha S. Carpenter 5/14 -1.8 800 258-3030 24 61 5 0 6 0 0 0 0 0 1 - - 99 None 0.62 500 Team Managed - - 800 258-3030 0 84 0 0 0 8 0 0 0 0 - - - 100 5.25 1.20 2500 Team Managed - - 800 796-5606 0 17 0 41 0 14 0 0 0 0 - - - 94 None 1.38 2500 Team Managed - - 866 996-3863 37 25 0 0 10 0 0 23 0 0 - - - 100 5.50 1.07 1000 Team Managed - - 800 959-4246 0 86 0 5 0 4 0 0 0 0 - - - 100 None 1.43 1000 Team Managed - - 800 959-4246 0 29 0 5 19 0 0 ▼ 0 0 29 - - - 100 None 0.74 1000 Team Managed - - 800 959-4246 0 25 6 0 14 0 0 ▼ 0 0 ▲ 29 - - - 100 5.50 1.06 1000 Team Managed - - 800 959-4246 0 52 8 0 0 3 0 0 20 13 - - - 100 5.50 0.78 1000 Team Managed - - 800 959-4246 0 62 5 0 0 4 0 0 25 0 - - - 100 5.50 0.81 1000 Team Managed - - 800 959-4246 5 25 15 0 8 0 1 16 21 0 - - - 100 5.50 1.21 1000 Team Managed - - 800 959-4246 45 0 10 0 0 0 2 0 0 28 - - - 100 5.50 1.15 1000 Justin Livengood 6/19 - 800 959-4246

▲ 85 0 0 7 0 4 0 ▼ 0 0 0 0 - - 100 5.50 1.03 1000 Erik Voss 6/19 - 800 959-4246 0 2 0 0 7 2 0 16 32 8 - - 1 58 5.50 0.92 1000 Team Managed - - 800 959-4246 0 ▲ 47 5 0 15 0 0 ▼ 0 ▼ 0 ▲ 21 - - - 100 5.50 1.03 1000 Team Managed - - 800 959-4246 39 25 0 3 0 0 0 15 14 0 - - - 100 5.50 1.13 1000 Team Managed - - 800 959-4246 4 28 17 0 5 0 1 16 ▲ 20 0 - - - 100 5.50 1.09 1000 Team Managed - - 800 959-4246 32 17 0 0 10 0 0 ▲ 31 ▼ 0 0 - - - 100 None 1.80 1000 Manind V. Govil 10/16 2.3 800 959-4246

▲ 78 ▼ 0 0 6 ▼ 0 3 0 ▼ 0 ▼ 0 8 - - - 100 None 0.86 0 Erik J. Voss 6/12 0.8 800 959-4246 49 0 7 0 0 0 0 ▲ 30 0 ▼ 0 - - - 100 5.75 1.11 750 Gustaf Zinn 12/18 - 800 777-6472

▲ 57 27 0 0 10 0 0 ▼ 0 0 0 - - - 100 None 1.90 750 Erik R. Becker 2/06 1.7 800 777-6472 60 0 0 0 6 0 0 27 0 0 - - - 100 5.75 1.02 750 Bradley M. Klapmeyer 8/16 5.2 800 777-6472 63 8 15 0 0 0 0 0 0 0 - - - 100 None 1.21 0 Kimberly A. Scott 2/01 1.3 800 777-6472 0 93 0 0 0 0 0 0 0 0 - - - 100 5.00 1.17 1000 Team Managed - - 800 225-5291 36 39 0 10 8 0 0 0 0 0 - - - 100 5.00 1.02 1000 Emory Sandy W. Sanders12/11 -1.6 800 225-5291

▼ 67 11 4 0 0 0 0 ▲ 14 0 0 - - - 100 5.25 1.14 1000 Timothy RV Parton 1/02 2.2 800 480-4111 17 72 0 0 7 0 0 ▼ 0 0 0 - - - 100 5.25 0.93 1000 Team Managed - - 800 480-4111 62 0 0 0 0 0 0 30 0 0 - - - 100 5.25 0.93 1000 Giri Devulapally 8/04 1.5 800 480-4111 0 ▼ 54 9 0 0 4 0 0 ▲ 29 0 - - - 100 5.25 0.93 1000 Scott Blasdell 4/13 0.4 800 480-4111

▼ 53 0 13 0 0 0 0 ▲ 26 0 0 - - - 100 5.25 1.23 1000 Timothy Parton 9/04 0.1 800 480-4111 0 46 4 19 8 0 0 ▼ 0 0 15 - - - 100 5.25 1.23 1000 Jonathan K.L. Simon 11/97 3.7 800 480-4111 42 31 0 0 0 0 0 9 ▲ 15 0 - - - 100 5.25 0.94 1000 Team Managed - - 800 480-4111 40 40 0 0 7 0 0 11 0 0 - - - 100 5.25 0.60 1000 Team Managed - - 800 480-4111 0 ▼ 71 4 ▲ 10 ▲ 10 0 0 0 0 0 - - - 100 5.25 1.14 1000 Jonathan K.L. Simon 3/05 2.3 800 480-4111 26 36 17 0 0 0 3 0 0 0 - - - 100 None 0.71 Closed Nick Schommer 7/17 5.0 800 525-3713 34 13 20 0 8 0 0 16 0 0 - - - 100 None 1.16 Closed Brian Demain 11/07 2.4 800 525-3713

▼ 69 0 0 0 0 0 0 ▲ 25 0 ▼ 0 - - - 100 None 1.10 2500 A. Douglas Rao 6/13 3.5 800 525-3713 30 41 0 0 10 0 0 ▼ 0 0 ▲ 12 - - - 100 None 0.76 Closed Marc Pinto 11/07 2.4 800 525-3713

▼ 0 42 ▲ 12 13 0 0 0 ▼ 0 0 ▲ 19 - - - 100 None 1.09 2500 Kevin Preloger 4/13 0.9 800 525-3713 58 3 4 0 3 0 0 14 ▲ 14 0 - - - 100 None 0.68 Closed Carmel Wellso 12/14 1.6 800 525-3713 57 3 4 0 4 0 0 14 ▲ 15 0 - - - 100 None 0.58 0 Carmel Wellso 5/17 2.7 800 525-3713






1 8 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

Jensen Quality Growth Fund J (JENSX) GR/LG 51.23 1 3 1 -1.0 5.6 7.4 18.9 16.7 13.5 13.4 424.7 -41.2 0.9Longleaf Partners Fund (LLPFX) GR/VL 19.73 5 4 3 -2.8 0.5 -1.1 -1.1 0.7 1.0 7.0 230.4 -59.9 2.0Longleaf Partners Small-Cap Fund (LLSCX) SC/SV 23.38 4 3 3 -3.7 2.7 3.5 6.5 5.3 6.1 12.1 455.9 -57.7 2.4Loomis Sayles Growth Fund A (LGRRX) Y GR/LG 17.23 2 4 1 0.7 8.5 7.5 22.1 18.3 15.0 16.0 486.1 -55.0 0.3Loomis Sayles Sm Cap Value Ret (LSCRX) SC/SV 26.39 4 4 3 -3.5 1.0 0.8 8.4 3.3 6.8 10.9 342.5 -48.0 0.1Lord Abbett Affiliated Fund A (LAFFX) Y GI/LV 15.32 2 3 2 -3.0 2.5 4.5 13.3 9.2 8.7 10.6 332.5 -55.0 2.1Lord Abbett Alpha Strategy A (ALFAX) Y SC/SB 22.04 4 4 ▼ 3 -1.7 5.1 2.7 10.9 9.5 8.2 11.4 375.3 -52.8 0.0Lord Abbett Calibr Div Growth A (LAMAX) Y IN/LB 15.87 2 3 2 -0.9 3.8 5.7 19.1 12.2 10.6 11.7 304.5 -37.3 1.4Lord Abbett Fundmntl Eq A (LDFVX) Y GI/LB 11.63 3 3 3 -2.8 3.1 3.5 11.5 7.0 7.5 10.1 289.8 -41.2 1.4Lord Abbett Growth Opportunities A (LMGAX) Y GR/MG 24.49 2 3 3 2.0 8.4 7.7 26.5 16.6 11.7 12.8 404.5 -46.1 0.0Lord Abbett Mid Cap Stock A (LAVLX) Y GR/MV 27.76 5 4 4 -2.9 2.7 2.2 8.1 2.4 4.8 9.8 293.8 -54.1 0.8Lord Abbett Small Cap Value A (LRSCX) Y SC/SV 14.48 ▼ 5 4 3 -3.9 1.7 2.2 4.8 2.8 5.8 9.3 289.1 -46.7 0.3MFS Core Equity A (MRGAX) Y GI/GW 35.20 1 3 1 0.6 7.6 8.9 22.7 15.7 12.8 13.9 453.1 -53.4 0.4MFS Growth Fund A (MFEGX) Y AG/LG 123.52 1 3 1 3.6 10.6 11.5 30.9 22.2 16.3 15.9 520.3 -46.4 0.0MFS Mass Investors Gr Stk A (MIGFX) Y GR/LG 33.06 1 3 1 0.3 8.8 9.8 29.9 20.7 14.8 14.7 492.8 -45.3 0.2MFS Mass Investors Trust A (MITTX) Y GI/LB 32.65 1 3 1 -0.4 6.5 6.3 21.2 14.4 11.8 12.7 386.5 -44.9 0.6MFS Mid-Cap Growth Fund A (OTCAX) Y GR/MG 21.64 2 3 2 2.9 8.9 7.8 29.2 20.5 14.9 15.5 524.4 -57.5 0.0MFS Research Fund A (MFRFX) Y GR/LG 46.64 1 3 1 1.1 7.8 8.5 23.4 15.5 12.4 13.4 418.3 -48.1 0.7MFS Value Fund A (MEIAX) Y GI/LV 43.72 2 3 2 -1.6 4.5 5.8 18.3 10.0 9.6 11.7 346.6 -47.9 1.6Madison Investors Y (MINVX) GR/LG 23.49 1 3 1 -0.3 4.5 7.4 22.4 15.8 13.3 12.8 429.8 -46.8 0.4Madison Mid-Cap Y (GTSGX) GR/MG 11.70 1 3 2 1.1 3.6 8.9 26.6 14.4 12.4 13.4 445.2 -47.6 0.0MainStay MAP Equity A (MAPAX) Y GR/LB 41.27 2 3 2 -0.2 6.2 9.1 21.4 13.3 10.0 11.6 359.6 -51.3 0.6Mairs & Power Growth Fund (MPGFX) GR/LB 125.42 2 3 2 -1.4 5.3 6.7 18.4 11.5 10.4 13.0 421.1 -44.9 1.1Marsico 21ST Century Fund (MXXIX) GR/LG 34.17 2 3 2 1.9 5.3 3.0 20.7 18.3 11.8 12.1 380.4 -58.5 0.0Marsico Focus Fund (MFOCX) GR/LG 19.55 2 4 2 3.6 11.3 12.0 24.7 20.4 12.0 13.7 403.9 -51.7 0.0Marsico Growth Fund (MGRIX) GR/LG 19.23 2 4 2 4.0 11.5 11.6 26.8 19.8 11.8 13.4 395.0 -54.5 0.0MassMutual Sel Growth Opp A (MMAAX) Y GR/LG 5.95 3 4 2 3.5 9.8 7.4 20.6 19.1 12.3 15.2 533.8 -53.1 0.1MassMutual Sel Mid Cap Growth R5 (MGRFX) GR/MG 23.34 2 3 1 -0.3 6.1 4.5 19.0 15.3 13.1 14.3 495.8 -49.5 0.0Meridian Contrarian Legacy (MVALX) GR/SV 34.49 4 4 2 -2.5 6.0 2.5 9.8 10.9 9.9 12.2 350.4 -44.1 0.8Meridian Growth Legacy (MERDX) SC/SG 37.47 ▼ 4 4 2 -3.4 4.6 3.6 11.9 11.9 8.2 12.0 369.2 -42.0 0.0Midas Magic Fund (MISEX) AG/MG 20.34 3 4 2 -1.1 6.3 8.3 19.1 11.2 9.6 11.1 364.7 -56.4 0.0Morgan Stanley Insight A (CPOAX) Y GR/LG 43.32 3 5 2 6.3 15.6 1.3 25.0 28.5 19.7 18.3 731.8 -53.8 0.0Morgan Stanley Pathway Large Cap Eq (TLGUX) GR/LG 20.01 2 3 1 -0.4 6.2 7.3 18.3 13.0 10.7 13.1 397.3 -48.8 1.0Muhlenkamp Fund (MUHLX) GI/LV 45.86 5 3 5 -2.7 2.4 2.0 5.5 4.3 1.5 5.3 167.6 -54.1 0.4Nationwide Mellon Discipln Val K (NWAMX) GR/LB 32.59 2 3 1 -3.7 2.6 4.1 14.8 10.8 10.6 11.6 360.9 -51.2 1.1Natixis Oakmark A (NEFOX) Y GR/LB 21.82 3 4 3 -2.8 4.9 4.4 10.1 8.5 8.9 11.7 439.3 -56.3 0.8Needham Growth Retail (NEEGX) GR/MG 41.88 3 4 3 -0.3 6.6 11.7 29.7 10.7 8.0 10.4 331.7 -48.9 0.0Neuberger Berman Focus Inv (NBSSX) GR/LB 25.41 2 3 2 0.6 7.0 9.1 18.2 10.8 9.5 11.7 340.6 -51.1 0.6Neuberger Berman Genesis Inv (NBGNX) SC/SV 58.18 3 4 2 -0.8 3.7 2.7 17.9 11.1 11.1 12.5 369.4 -43.7 0.0Neuberger Berman Guardian Inv (NGUAX) GI/LV 19.47 1 3 1 3.2 9.4 13.2 30.9 17.2 11.9 13.4 394.1 -47.4 0.3Neuberger Berman Large Cap Val Inv (NPRTX) GR/LV 31.53 2 2 2 -2.4 3.1 5.6 13.3 10.4 10.1 10.7 400.0 -60.3 1.7Neuberger Berman Mid Cap Gr Inv (NMANX) GR/MG 15.94 3 4 2 1.5 8.1 3.8 20.7 15.7 11.5 14.0 405.5 -50.8 0.0Neuberger Berman Social Resp Tr (NBSTX) GR/LV 37.05 2 3 2 -1.9 4.4 6.1 14.5 9.9 9.0 11.9 357.7 -48.0 0.4New Covenant Growth (NCGFX) GR/LG 44.84 ▲ 1 3 1 -0.3 6.6 8.7 19.3 13.2 10.3 11.7 339.4 -50.9 1.0Nicholas Equity Income I (NSEIX) IN/MV 18.91 2 3 3 -2.0 3.6 6.0 19.1 10.3 8.7 12.0 406.8 -40.5 1.3Nicholas Fund (NICSX) GR/LB 70.53 2 3 3 1.5 7.7 9.6 24.9 15.0 9.4 14.9 496.8 -48.8 0.4Nicholas II Fund N (NNTWX) GR/MG 27.57 2 3 2 -0.3 4.9 5.9 23.6 15.4 11.6 13.4 390.5 -41.0 0.1Northern Income Equity (NOIEX) IN/LV 13.28 2 3 2 -1.9 3.8 6.1 16.3 11.9 9.6 11.1 333.1 -41.7 1.7Northern Mid Cap Index (NOMIX) GR/XM 18.83 4 4 3 -2.6 3.1 2.9 11.1 7.5 8.5 12.0 407.3 -49.8 1.3Nuveen Mid Cap Val I (FSEIX) GR/MV 42.42 3 ▲ 3 ▼ 3 -1.2 4.0 5.8 14.3 8.2 8.9 11.1 330.4 -49.1 1.1Nuveen Santa Barbara Div Gr Fund A (NSBAX) Y GI/LB 44.33 1 3 2 -0.9 4.4 8.2 22.2 14.0 10.8 12.6 347.3 -40.2 1.3Oakmark Investor (OAKMX) GR/VL 77.74 3 4 ▼ 3 -2.8 4.9 4.6 10.3 8.8 9.2 12.4 471.2 -49.4 0.7Old Westbury Small & MidCap Fd (OWSMX) SC/GW 15.29 3 3 3 -1.9 4.0 4.2 12.4 7.4 7.4 9.6 246.7 -40.3 0.5Optimum Large Cap Growth I (OILGX) GR/LG 20.25 2 3 1 1.6 9.0 8.4 21.1 18.5 14.0 14.8 488.4 -52.1 0.0Osterweis Fund (OSTFX) GR/LB 17.89 2 3 3 2.2 8.3 11.6 26.4 11.8 7.4 9.7 230.3 -35.3 0.3PACE Small/Medium Co Gr Eq P (PCSGX) SC/SG 16.13 4 ▲ 4 3 -0.6 6.3 2.6 10.9 14.0 9.7 12.6 419.3 -53.9 0.0PGIM Jennison 20/20 Focus A (PTWAX) Y GR/LG 15.28 3 3 3 1.7 10.3 11.6 20.2 15.1 9.5 10.2 309.5 -47.1 0.2PGIM Jennison Blend Z (PEQZX) GR/LB 20.49 3 3 2 -0.1 7.6 7.5 17.2 12.0 9.7 10.1 295.5 -49.3 0.7PGIM Jennison Focused Value A (PJIAX) Y GR/LB 15.37 4 4 3 -2.1 5.1 2.5 7.0 4.9 6.6 10.2 322.7 -50.2 0.8PGIM Jennison Growth Z (PJFZX) GR/LG 47.28 2 4 2 4.5 13.8 14.3 26.4 21.8 14.9 15.4 478.1 -44.4 0.0







F E B R U A R Y 2 0 2 0 1 9

GENERAL EQUITY

31 31 0 0 10 0 0 0 0 15 4 - - 96 None 0.86 2500 Team Managed - - 800 992-4144 0 40 0 11 10 8 0 0 0 0 - - - 100 None 1.01 10000 Team Managed - - 800 445-9469 0 ▼ 27 0 33 0 0 0 0 0 0 - - 6 94 None 0.93 Closed Team Managed - - 800 445-9469 79 12 0 0 0 4 0 0 0 0 - - - 100 5.75 0.91 2500 Aziz V. Hamzaogullari 5/10 2.8 800 633-3330 0 11 22 58 0 4 0 0 0 0 - - - 100 None 1.15 2500 Joseph R. Gatz 1/00 0.4 800 633-3330 13 ▲ 73 0 0 9 0 0 ▼ 0 0 0 - - - 100 5.75 0.71 1000 Team Managed - - 800 821-5129 0 25 50 ▼ 0 11 6 2 0 0 0 - - - - 5.75 0.44 1500 Team Managed - - 800 821-5129 22 25 0 0 9 0 0 ▼ 18 0 11 - - - 100 5.75 0.95 1000 Team Managed - - 800 821-5129 4 65 3 0 8 0 0 16 0 0 - - - 100 5.75 0.99 1500 Eli Rabinowich 9/18 - 800 821-5129 41 0 17 0 5 0 2 27 0 0 - - - 100 5.75 1.16 1000 Jeffrey Rabinowitz 8/17 3.8 800 821-5129 0 66 0 24 0 0 0 0 0 ▼ 0 - - - 100 5.75 0.98 1000 Jeff Diamond 6/08 -1.2 800 821-5129 0 30 0 61 0 0 0 0 0 0 - - - 100 5.75 1.20 1000 Eli Rabinowich 10/18 - 800 821-5129 35 22 8 0 6 0 0 26 0 0 - - 0 100 5.75 0.98 1000 Joseph G. MacDougall 5/08 4.7 800 225-2606 69 0 0 0 0 0 0 ▼ 0 0 23 - - - 100 5.75 0.90 1000 Eric Fischman 4/02 1.4 800 225-2606 44 20 0 0 15 0 0 ▼ 0 0 ▲ 14 - - - 100 5.75 0.71 1000 Jeffrey C. Constantino 11/06 2.4 800 225-2606 32 24 4 0 10 0 0 13 0 10 - - - 100 5.75 0.70 1000 Team Managed - - 800 225-2606 38 0 12 0 0 0 0 17 0 19 - - - 100 5.75 1.09 1000 Eric B. Fischman 11/08 1.5 800 225-2606 38 19 4 0 5 0 0 20 0 8 - - - 100 5.75 0.79 1000 Joseph G. MacDougall 5/08 1.2 800 225-2606 15 44 4 0 10 0 0 0 0 20 - - - 100 5.75 0.82 1000 Team Managed - - 800 225-2606 22 32 0 0 18 0 0 ▲ 16 0 0 - - - 100 None 0.95 25000 Matthew Hayner 5/12 3.7 800 877-6089

▼ 16 ▼ 22 8 0 11 0 0 0 0 21 - - - 100 None 0.98 25000 Team Managed - - 800 877-6089 40 43 0 7 7 0 0 0 0 0 - - - 100 5.50 1.11 15000 Team Managed - - 800 624-6782 19 50 17 0 7 0 0 0 0 0 - - - 100 None 0.65 2500 Team Managed - - 800 304-7404 48 0 15 0 0 0 0 ▼ 0 0 21 - - - 100 None 1.30 2500 Brandon A. Geisler 10/11 0.6 888 860-8686 74 0 0 0 0 0 2 ▲ 18 0 ▼ 0 - - - 100 None 1.02 2500 Thomas F. Marsico 12/97 0.8 888 860-8686 76 0 0 0 0 0 2 ▼ 0 0 ▲ 15 - - - 100 None 1.27 2500 Team Managed - - 888 860-8686 69 0 0 0 0 0 0 21 0 0 - - - 98 5.50 1.31 0 Team Managed - - 800 542-6767 31 19 21 0 5 0 0 ▼ 0 0 ▲ 16 - - - 99 None 0.81 0 Team Managed - - 800 542-6767 0 32 20 23 0 9 2 0 0 0 - - - 100 None 1.12 1000 James England 12/01 1.0 800 446-6662 0 28 26 22 0 8 0 0 0 0 - - - 100 None 0.85 1000 Brian A. Schaub 9/13 -1.6 800 446-6662 44 27 0 12 9 0 0 0 0 0 - - - 100 None 4.06 1000 Thomas Winmill 4/16 -5.0 800 400-6432 34 0 8 0 0 0 0 0 0 27 - - - 100 5.25 1.16 1000 Team Managed - - 212 761-4000 35 41 4 0 7 0 0 0 0 9 - - - 100 None 0.48 1000 Team Managed - - 212 761-4000 0 55 11 ▼ 0 16 0 3 0 0 0 - - - 90 None 1.13 1500 Jeffrey Muhlenkamp 11/13 -5.5 800 860-3863 17 71 0 0 8 0 0 0 0 0 - - - 100 None 1.00 2500 John Bailer 2/14 1.9 800 782-6620 11 71 0 ▼ 0 0 10 0 0 0 0 - - - 100 5.75 1.16 2500 Team Managed - - 800 633-3330 25 0 19 15 ▲ 17 7 0 0 ▼ 0 0 - - - 100 None 1.95 2000 Chris Retzler 1/09 -3.7 800 625-7071 28 23 7 10 14 0 0 11 0 0 - - - 100 None 0.92 Closed Timothy Creedon 7/11 2.3 877 877-9700 0 19 59 0 0 10 0 0 0 0 1 - - 99 None 1.01 1000 Team Managed - - 877 877-9700 56 0 0 12 10 0 0 ▼ 0 0 ▲ 11 - - - 100 None 0.89 Closed Charles Kantor 10/15 5.4 877 877-9700 8 43 0 0 18 0 4 14 0 0 - - - 100 None 0.86 Closed Eli M. Salzmann 12/11 1.2 877 877-9700 47 0 17 0 0 0 2 24 0 0 - - - 100 None 0.90 1000 Team Managed - - 877 877-9700 23 46 6 0 16 0 0 0 0 0 - - - 100 None 1.03 Closed Ingrid S. Dyott 12/03 1.2 877 877-9700 37 38 6 0 7 0 0 10 0 0 - - - 100 None 0.85 500 Team Managed - - 800 858-6127 17 51 6 0 6 0 0 ▼ 0 0 ▲ 12 - - - 100 None 0.73 500 Michael Shelton 4/11 3.0 800 544-6547 46 16 4 0 8 0 0 ▼ 0 ▼ 0 ▲ 20 - - - 100 None 0.72 500 David Nicholas 4/11 5.3 800 544-6547 28 11 14 6 14 0 0 ▼ 0 ▼ 0 ▲ 18 - - - 100 None 0.95 500 David O. Nicholas 3/05 0.5 800 544-6547 25 64 0 0 7 0 0 ▼ 0 0 0 - - - 99 None 1.01 2500 Team Managed - - 800 595-9111 0 34 29 27 0 5 0 0 0 0 - - - 98 None 0.15 2500 Brent Reeder 11/06 -0.4 800 595-9111 18 41 0 16 0 0 0 0 0 15 - - - 100 None 0.92 100000 Karen Bowie 4/12 0.5 800 257-8787 22 26 6 0 9 0 0 0 0 22 - - - 100 5.75 0.96 3000 David A. Chalupnik 6/19 - 800 257-8787 11 66 0 6 0 9 0 0 0 0 - - - 100 None 0.88 1000 Team Managed - - 800 625-6275

▼ 0 0 ▲ 32 6 ▲ 30 9 6 0 ▼ 0 9 - - - 92 None 1.11 1000 Team Managed - - 800 607-2200 80 11 0 0 0 6 0 0 0 0 - - - 100 None 0.99 0 Team Managed - - 800 523-1918 34 14 5 0 7 0 2 ▲ 26 ▼ 0 ▼ 0 - - - 100 None 0.95 5000 Team Managed - - 800 700-3316 15 21 55 0 0 0 3 0 0 0 - - - 100 None 1.07 10000 Team Managed - - 888 793-8637 66 22 0 0 6 0 0 0 0 0 - - - 100 5.50 1.22 1000 Team Managed - - 800 225-1852 48 24 11 10 5 0 0 0 0 0 - - - 100 None 0.69 0 Team Managed - - 800 225-1852 17 53 0 16 0 5 0 0 0 0 - - - 100 5.50 1.11 1000 Joseph C. Esposito 12/19 - 800 225-1852

▼ 86 0 0 0 0 0 0 ▲ 10 0 0 - - - 100 None 0.71 0 Team Managed - - 800 225-1852






2 0 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

PGIM Jennison Mid-Cap Growth Z (PEGZX) GR/MG 25.82 2 3 3 0.7 7.0 4.6 25.2 14.5 10.0 12.7 388.0 -43.6 0.0PRIMECAP Odyssey Stock Fund (POSKX) GR/LB 33.42 ▼ 3 4 1 -3.1 3.2 5.7 14.0 12.1 11.2 13.1 440.3 -45.4 1.3Paradigm Value Fund (PVFAX) SC/SV 46.76 3 4 2 -4.2 2.7 3.2 7.2 9.1 9.4 10.0 308.9 -47.6 0.0Pioneer Core Equity Fund A (PIOTX) Y GI/VL 20.33 2 3 2 0.1 6.1 8.9 21.2 13.5 10.7 11.2 310.7 -59.2 0.7Pioneer Disciplined Value Fund A (CVFCX) Y GR/LV 14.64 3 3 3 -2.7 2.9 6.4 15.7 9.1 8.4 9.5 258.9 -46.7 1.2Pioneer Equity Income A (PEQIX) Y GI/LV 35.18 3 3 2 -3.8 1.6 4.0 11.8 7.8 9.0 12.1 342.8 -47.2 1.7Pioneer Fund A (PIODX) Y GI/LB 29.54 1 3 1 -0.1 6.0 7.5 23.6 15.2 11.9 12.2 363.5 -48.8 0.7Pioneer Fundamental Growth A (PIGFX) Y GR/LG 27.35 1 3 2 2.0 8.2 11.9 28.5 17.6 13.4 14.5 438.6 -31.7 0.0Principal Capital Appreciation A (CMNWX) Y GR/LB 49.30 1 3 1 0.0 5.7 7.9 22.7 14.6 11.8 12.9 400.0 -47.4 0.8Principal Equity Income A (PQIAX) Y GI/LV 33.31 1 3 1 -2.2 3.2 5.2 17.3 12.1 10.2 12.2 367.4 -49.6 1.4Principal MidCap A (PEMGX) Y GR/MG 31.08 1 3 1 3.3 7.9 11.1 34.8 18.4 14.2 16.0 534.5 -45.2 0.2Putnam Equity Income A (PEYAX) Y IN/LV 25.84 2 3 1 -2.3 4.1 7.6 17.5 10.7 9.5 11.8 360.1 -45.0 1.3Putnam Growth Opportunities A (POGAX) Y GR/LG 40.55 1 3 1 3.8 10.6 11.8 30.1 21.9 15.8 16.0 538.0 -44.3 0.0Putnam Sustainable Leaders A (PNOPX) Y AG/GW 95.53 1 3 1 1.4 9.1 9.0 27.1 19.0 14.1 15.1 463.2 -48.1 0.3Reynolds Blue Chip Growth Fund (RBCGX) GR/LG 54.62 3 4 3 1.6 8.6 6.3 16.3 14.3 8.6 11.3 287.4 -7.7 0.0Royce Micro-Cap Inv (RYOTX) SC/SV 10.69 ▲ 4 4 3 -3.0 5.8 7.3 7.3 4.6 4.3 5.8 212.9 -52.3 0.0Royce PA Mutual Fd Inv (PENNX) SC/SV 9.14 3 4 2 -3.2 2.8 2.8 11.1 8.7 8.9 10.6 357.7 -50.4 0.3Royce Smaller Companies Growth Svc (RYVPX) SC/SG 7.95 4 4 3 -0.5 5.2 -0.8 11.3 8.3 7.7 9.7 292.8 -53.4 0.0Royce Total Return Fd Inv (RYTRX) GI/SV 10.65 ▼ 4 4 3 -2.6 1.9 3.4 10.1 6.0 7.8 10.4 316.7 -47.2 1.3Rydex NASDAQ-100 Inv (RYOCX) AG/LG 45.72 2 4 1 2.9 11.1 14.3 29.8 20.3 16.6 17.7 666.6 -50.3 0.0Schwab 1000 Index (SNXFX) GI/LB 71.19 1 3 1 0.1 6.8 8.9 21.3 14.3 12.0 13.7 438.0 -50.8 1.7Schwab Core Equity (SWANX) GR/LB 22.48 2 3 2 -0.5 5.8 7.3 18.8 12.4 9.9 12.2 342.3 -46.6 0.9Schwab Hedged Equity (SWHEX) AG/LS 15.88 4 2 4 -0.8 3.1 3.5 2.3 2.9 4.4 6.5 133.6 -30.8 0.6Selected American Shares S (SLASX) GI/LB 36.68 3 4 2 -1.5 5.5 7.5 16.6 9.9 10.2 10.8 357.2 -54.5 1.0Sequoia Fund (SEQUX) GR/LG 159.56 3 3 3 1.5 6.2 6.6 21.4 14.5 5.8 11.5 303.9 -40.7 0.6Shelton S&P MidCap Index Direct (SPMIX) GR/XM 24.02 3 4 3 -2.7 3.1 3.1 11.0 7.4 8.5 12.4 423.9 -49.7 0.9Sit Dividend Growth Fund S (SDVSX) IN/LB 14.24 1 3 2 -0.1 6.3 9.6 20.9 12.2 10.5 12.4 353.3 -41.1 1.3Sit Mid Cap Growth Fund (NBNGX) GR/MG 18.83 3 4 3 2.7 9.4 6.4 21.4 12.6 8.7 12.0 345.3 -54.5 0.0Sound Shore Investor (SSHFX) GR/VL 41.19 4 4 3 -2.9 2.5 2.4 10.1 6.2 6.8 10.4 299.2 -47.5 0.8State Farm Growth Fund (STFGX) GR/LB 88.46 ▼ 2 3 2 -1.9 5.4 7.7 19.6 10.9 9.5 10.5 284.9 -42.4 2.3Sterling Capital Equity Income A (BAEIX) Y GI/LB 20.91 2 3 1 -3.5 1.6 2.7 14.5 13.0 10.7 11.3 324.3 -39.4 1.7Sterling Capital Special Opports A (BOPAX) Y GR/LG 25.08 3 3 2 -0.8 6.1 5.9 15.8 11.8 11.1 12.2 356.6 -39.3 0.0T. Rowe Price Blue Chip Growth Fd (TRBCX) GR/LG 127.40 2 4 1 2.5 9.9 8.6 19.8 20.9 15.8 16.9 588.4 -50.1 0.1T. Rowe Price Cap Appreciation (PRWCX) GI/VL 31.85 2 2 3 2.0 6.4 7.6 18.7 13.2 11.1 12.2 353.6 -36.2 1.4T. Rowe Price Dividend Growth (PRDGX) GI/LB 53.41 1 2 1 0.2 6.1 8.1 22.9 15.1 12.8 13.7 416.6 -45.3 1.2T. Rowe Price Divrs Mid Cap Grth (PRDMX) GR/MG 36.86 1 3 1 0.5 7.4 6.3 24.7 17.4 13.3 15.1 538.2 -51.8 0.1T. Rowe Price Equity Income Fd (PRFDX) IN/LV 31.13 2 3 2 -3.0 3.1 4.8 14.5 8.9 8.4 10.7 350.5 -52.6 2.2T. Rowe Price Equity Index 500 (PREIX) GI/X5 85.78 1 3 1 -0.1 6.7 9.2 21.4 14.3 12.1 13.7 437.2 -51.0 1.7T. Rowe Price Growth & Inc (PRGIX) GI/LV 30.52 1 3 1 0.7 7.2 8.5 21.6 14.3 12.0 13.2 406.7 -47.8 1.1T. Rowe Price Growth Stock Fd (PRGFX) GR/LG 75.26 2 4 1 2.6 10.5 9.7 21.0 19.1 14.9 16.0 530.0 -49.1 0.2T. Rowe Price Mid-Cap Growth Fd (RPMGX) GR/MG 94.96 2 3 1 -0.4 6.0 3.9 19.1 15.7 13.1 15.4 559.5 -48.2 0.2T. Rowe Price Mid-Cap Value Fd (TRMCX) GR/MV 26.90 4 3 3 -3.8 3.3 1.9 6.8 4.4 7.0 10.6 379.5 -47.5 1.4T. Rowe Price New Amer Growth (PRWAX) GR/LG 56.45 1 3 1 3.1 11.1 12.1 26.2 21.6 16.0 16.0 561.2 -45.5 0.3T. Rowe Price New Horizons (PRNHX) SC/SG 62.18 1 4 1 4.7 12.3 8.7 29.7 23.7 17.5 19.8 824.5 -49.9 0.0T. Rowe Price QM US Sm-Cap Grow Eq (PRDSX) SC/SG 39.34 2 4 2 -0.9 6.1 5.1 19.1 13.3 11.4 15.7 564.4 -48.7 0.0T. Rowe Price Small Cap Stock Fd (OTCFX) SC/SB 51.50 2 ▼ 4 2 -1.5 4.0 4.1 18.9 13.2 11.6 14.9 558.6 -43.9 0.0T. Rowe Price Small Cap Value Fd (PRSVX) SC/SV 46.39 3 4 3 -3.2 1.9 2.0 11.1 7.0 9.4 11.6 385.9 -47.4 0.6T. Rowe Price Tax-Effient Equity (PREFX) GR/LG 39.06 1 3 1 1.8 8.7 8.1 25.2 19.7 14.3 15.3 523.0 -51.8 0.1T. Rowe Price US Equity Research (PRCOX) GR/LB 30.97 1 3 1 0.1 7.0 9.5 22.0 15.3 12.9 13.8 445.2 -49.9 0.5T. Rowe Price Value Fd (TRVLX) GI/LV 37.36 2 3 2 -1.5 3.8 4.6 15.8 9.8 8.7 12.2 429.1 -54.3 1.6TETON Westwood Equity Fund AAA (WESWX) GI/LB 12.12 2 3 2 -0.3 4.9 7.4 18.1 11.9 10.1 11.5 298.7 -48.2 0.8TIAA-CREF Growth & Inc Retail (TIIRX) GI/LG 20.48 2 3 1 -0.3 6.6 6.4 19.2 12.9 11.1 13.2 390.8 -45.8 0.7TIAA-CREF Mid-Cap Gr Retire (TRGMX) GR/MG 20.70 3 4 2 0.8 7.7 2.0 19.0 14.1 9.8 13.1 431.3 -54.3 0.0TIAA-CREF Mid-Cap Val Retire (TRVRX) GR/MV 17.23 4 4 ▼ 4 -3.2 3.4 4.0 9.7 4.8 5.6 10.5 345.7 -53.8 1.8The Torray Fund (TORYX) GR/LV 49.45 4 3 3 -2.5 2.7 0.7 8.7 4.8 6.6 9.7 285.9 -50.4 2.7Third Avenue Value Fund Inv (TVFVX) GR/SV 37.27 5 5 5 -7.6 -1.0 -0.5 -7.1 -4.3 -2.3 2.7 — — 2.1Thrivent Large Cap Value Fund S (TLVIX) GR/LV 22.82 3 3 2 -3.5 2.4 3.9 12.1 8.4 8.9 10.9 333.1 -50.7 1.8Thrivent Mid Cap Stock Fund A (AASCX) Y GR/MG 23.83 3 3 2 -2.1 3.6 2.6 9.8 8.3 11.2 13.2 439.9 -50.9 0.2Tocqueville Fund (TOCQX) GR/VL 37.02 2 3 2 -1.5 5.0 7.3 19.2 11.9 9.0 11.5 349.0 -50.3 0.9Tocqueville Phoenix (TOPHX) SC/SV 19.42 5 5 4 -7.9 -0.6 0.3 1.8 -0.1 1.8 6.2 268.8 -52.0 0.0







F E B R U A R Y 2 0 2 0 2 1

GENERAL EQUITY

50 0 17 0 0 0 1 23 0 0 - - - 100 None 0.79 0 Team Managed - - 800 225-1852 20 52 0 0 20 0 0 0 0 0 - - - 100 None 0.65 2000 Team Managed - - 800 729-2307 0 22 14 44 0 9 0 0 0 0 - - - 100 None 1.50 2500 Team Managed - - 800 239-0732 42 43 0 0 10 0 0 0 0 0 - - - 100 5.75 0.90 1000 Craig Sterling 5/15 2.4 800 225-6292 6 67 ▲ 10 0 12 0 0 0 0 0 - - - 100 5.75 1.18 1000 Ashesh Savla 12/05 0.3 800 225-6292 13 ▼ 65 0 7 7 0 0 0 0 0 - - - 100 5.75 1.00 1000 Team Managed - - 800 225-6292 35 27 0 0 14 0 0 14 0 0 - - - 100 5.75 1.03 1000 Team Managed - - 800 225-6292 47 6 0 0 10 0 0 ▲ 27 ▼ 0 ▼ 0 - - - 100 5.75 1.08 1000 Andrew Acheson 1/07 3.2 800 225-6292 38 28 5 0 10 0 0 ▼ 0 0 ▲ 13 - - - 100 5.50 0.86 1000 Daniel R. Coleman 5/10 3.3 800 986-3343 15 50 0 0 13 0 0 ▼ 0 0 ▲ 13 - - - 100 5.50 0.91 1000 Team Managed - - 800 986-3343 37 0 14 0 9 0 0 ▼ 0 ▼ 0 ▲ 24 - - - 100 5.50 0.98 1000 K. William Nolin 12/00 3.4 800 986-3343 12 63 0 0 10 0 0 13 0 0 - - 1 99 5.75 0.45 500 Team Managed - - 800 225-1581 67 0 0 0 0 0 0 16 0 13 - - 0 100 5.75 1.03 500 Richard E. Bodzy 8/17 7.8 800 225-1581 59 12 0 0 14 0 0 10 0 0 - - 0 100 5.75 1.04 500 Katherine Collins 1/18 10.8 800 225-1581 74 15 0 0 0 6 0 0 0 0 - - - 100 None 2.00 1000 Frederick L. Reynolds 8/88 -2.7 800 773-9665 0 0 14 53 9 6 2 0 0 0 - - - 100 None 1.49 2000 Brendan J. Hartman 5/13 -2.9 800 221-4268 0 17 21 42 0 14 0 0 0 0 - - - 100 None 0.95 2000 Team Managed - - 800 221-4268 15 0 44 8 0 0 2 16 0 0 - - - 100 None 1.49 2000 James Chip A. Skinner12/03 -1.2 800 221-4268 0 0 7 69 8 9 0 0 0 0 - - - 100 None 1.23 2000 Team Managed - - 800 221-4268 72 14 0 0 8 0 0 0 0 0 - - - 97 None 1.36 2500 Michael Byrum 5/97 -0.1 800 820-0888 38 35 4 0 6 0 0 15 0 0 - - - 100 None 0.05 0 Team Managed - - 800 407-0256 31 28 5 0 4 0 0 9 ▲ 20 0 - - - 100 None 0.73 0 Team Managed - - 800 407-0256 32 53 0 0 0 0 0 0 0 0 - - - 100 None 1.34 0 Jonas Svallin 8/12 -0.5 800 407-0256 29 39 0 0 0 19 0 0 0 0 - - - 100 None 0.98 1000 Christopher C. Davis 12/94 1.4 800 279-0279 38 0 0 13 33 0 0 0 0 0 - - - 100 None 1.00 5000 Team Managed - - 800 686-6884 0 35 28 28 0 5 0 0 0 0 - - - 100 None 0.67 1000 Stephen C. Rogers 12/03 -0.3 800 955-9988 27 35 0 0 11 0 0 ▼ 0 0 19 - - - 100 None 0.95 5000 Team Managed - - 800 332-5580

▼ 48 0 21 0 8 0 0 ▲ 15 0 0 - - - 100 None 1.25 5000 Team Managed - - 800 332-5580▼ 0 59 ▲ 17 0 17 0 0 0 0 0 - - - 100 None 0.91 10000 Team Managed - - 800 754-8758

17 36 0 0 16 0 0 21 0 0 - - - 100 None 0.12 250 Paul Eckley 1/91 0.2 800 447-4930 21 42 0 0 8 0 0 0 0 17 - - - 100 5.75 1.02 1000 George F. Shipp 8/04 3.4 800 228-1872 20 54 12 0 6 0 0 0 0 0 - - - 100 5.75 1.11 1000 George F. Shipp 6/03 2.2 800 228-1872 93 0 0 0 0 4 0 0 0 0 - - - 100 None 0.69 2500 Larry J. Puglia 6/93 2.0 800 225-5132 30 15 0 0 8 0 0 0 0 31 - - 5 95 None 0.70 2500 David R. Giroux 6/06 3.6 800 225-5132 27 25 0 0 10 0 0 ▼ 0 0 27 - - - 100 None 0.63 2500 Thomas J. Huber 3/00 3.3 800 225-5132 45 10 21 0 4 0 1 14 0 0 - - 0 100 None 0.80 2500 Donald J. Peters 1/04 0.7 800 225-5132 9 65 0 7 8 0 0 0 0 8 - - 2 98 None 0.64 2500 John Linehan 11/15 1.5 800 225-5132 39 37 0 0 7 0 0 15 0 0 - - - 100 None 0.20 2500 Alexa M. Gagliardi 9/19 - 800 225-5132 34 25 0 0 6 0 0 18 0 12 - - - 100 None 0.65 2500 Jeffrey Rottinghaus 6/15 5.6 800 225-5132 84 5 0 0 0 6 0 0 0 0 - - 1 99 None 0.65 2500 Joseph B. Fath 1/14 2.3 800 225-5132 26 24 21 0 5 0 0 ▼ 0 0 ▲ 16 - - 0 100 None 0.74 2500 Brian W H Berghuis 6/92 3.4 800 225-5132 0 57 0 30 0 ▼ 0 4 0 0 0 - - 0 100 None 0.78 2500 David J. Wallack 12/00 2.0 800 225-5132 59 0 3 0 11 0 0 21 0 0 - - 0 100 None 0.78 2500 Justin P. White 4/16 4.4 800 225-5132 33 0 13 0 0 0 0 0 0 36 - - 5 95 None 0.76 2500 Joshua K. Spencer 3/19 - 800 225-5132 16 15 60 0 0 0 3 0 0 0 - - - 100 None 0.79 2500 Sudhir Nanda 10/06 2.0 800 225-5132 0 20 39 20 0 0 1 ▼ 0 0 ▲ 13 - - 2 98 None 0.88 2500 Frank Alonso 10/16 6.1 800 225-5132 0 11 21 64 0 0 0 0 0 0 - - 1 99 None 0.77 2500 J. Wagner 6/14 2.8 800 225-5132 65 0 12 0 3 0 0 17 0 0 - - 0 100 None 0.78 2500 Donald J. Peters 12/00 1.3 800 225-5132 42 33 0 0 8 0 0 14 0 0 - - - 100 None 0.66 2500 Team Managed - - 800 225-5132 23 26 0 0 14 0 2 25 0 0 - - 1 99 None 0.78 2500 Mark S. Finn 12/09 2.2 800 225-5132 11 33 5 0 4 0 0 23 0 11 - - - 100 None 1.64 1000 Team Managed - - 914 457-1070 37 28 6 0 7 0 0 20 0 0 - - - 100 None 0.69 2500 Susan Kempler 3/06 1.6 800 223-1200 46 0 22 0 0 0 2 23 0 0 - - - 100 None 0.73 0 Adrian Almazan 3/19 - 800 223-1200 0 66 6 22 0 0 0 0 0 0 - - - 100 None 0.65 0 David Chalupnik 1/20 - 800 223-1200 0 72 0 0 15 4 0 0 0 0 - - - 100 None 1.07 2000 Robert E. Torray 12/90 0.0 800 626-9769 0 17 0 26 16 12 0 0 0 0 - - - 100 None 1.40 2500 Matthew Fine 9/17 -11.6 800 880-8442 10 78 0 0 4 5 0 0 0 0 - - - 100 None 0.54 2000 Kurt J. Lauber 3/13 0.2 800 847-4836 11 49 ▲ 20 11 0 0 0 ▼ 0 0 0 - - - 100 4.50 1.04 2000 Brian J. Flanagan 2/04 0.1 800 847-4836 24 43 0 0 7 0 1 17 0 0 - - - 99 None 1.25 1000 Robert W. Kleinschmidt 1/92 -1.1 800 697-3863 0 ▼ 23 0 27 0 ▼ 0 0 0 ▲ 32 0 - - - 100 None 1.25 1000 Team Managed - - 800 697-3863






2 2 F E B R U A R Y 2 0 2 0


GENERAL EQUITY

Touchstone Large Cap Focused A (SENCX) Y GR/LB 42.98 1 3 1 0.5 7.6 9.2 22.0 15.3 12.7 13.3 411.9 -47.6 0.5Touchstone MidCap Growth A (TEGAX) Y GR/MG 32.68 2 4 2 2.0 11.6 11.0 31.2 18.7 13.2 14.0 447.3 -48.9 0.0USAA Aggressive Growth Fund (USAUX) AG/LG 38.88 3 4 2 3.0 10.6 6.7 15.3 16.2 12.3 13.4 387.3 -52.6 0.1USAA Growth Fund (USAAX) GR/LG 26.64 2 ▲ 3 1 2.2 9.8 6.8 19.4 15.8 13.0 14.9 425.1 -51.8 0.2USAA Income Stock Fund (USISX) GI/LV 17.49 2 3 2 -1.9 3.1 5.2 13.6 9.9 8.9 11.4 330.9 -52.4 1.7VY JPMorgan Mid Cap Value Port I (IJMIX) GR/MV 17.22 ▼ 4 3 3 -2.8 2.1 3.5 11.9 6.7 7.1 12.5 403.2 -47.6 1.0VY T. Rowe Price Cap Apprec S (ITCSX) GI/VL 30.01 2 2 3 2.0 6.4 7.5 18.5 13.0 10.9 12.0 348.1 -37.1 1.2Vanguard 500 Index Inv (VFINX) GI/X5 298.01 1 3 1 -0.1 6.7 9.2 21.5 14.4 12.2 13.8 443.4 -51.0 1.7Vanguard Dividend Growth Inv (VDIGX) GI/LB 30.63 2 3 2 0.2 5.4 6.5 23.3 15.5 12.1 13.2 380.3 -37.9 1.6Vanguard Equity Income Inv (VEIPX) IN/LV 37.23 ▼ 2 3 2 -1.9 3.3 6.4 15.7 10.9 10.3 13.1 411.7 -48.9 2.5Vanguard Explorer Fund Inv (VEXPX) SC/SG 102.78 3 4 2 -1.7 6.2 3.9 15.9 14.6 11.4 14.0 478.9 -52.4 0.3Vanguard Extended Market Index Inv (VEXMX) GR/MB 95.11 3 4 2 -0.6 6.2 4.8 13.9 10.0 9.2 13.0 449.8 -52.8 1.1Vanguard Growth & Income Inv (VQNPX) GI/LB 51.83 1 3 1 -0.3 6.3 8.5 20.0 13.6 11.7 13.8 429.8 -51.9 1.5Vanguard Growth Index Inv (VIGRX) GR/LG 96.76 1 3 1 3.1 10.5 12.9 29.3 18.9 14.1 15.3 493.5 -47.2 0.8Vanguard Mid-Cap Growth Inv (VMGRX) GR/MG 26.99 3 4 3 1.0 6.8 3.3 18.4 15.3 8.4 12.7 381.6 -49.6 0.2Vanguard Mid-Cap Index Inv (VIMSX) GR/XM 48.52 2 3 1 -0.2 5.4 5.8 18.1 11.0 9.5 13.3 462.3 -53.6 1.3Vanguard PRIMECAP Core Inv (VPCCX) GR/LG 27.21 2 4 1 -2.5 4.0 6.9 15.4 13.2 11.6 14.1 479.4 -43.0 1.3Vanguard PRIMECAP Fund Inv (VPMCX) GR/LG 136.44 2 4 2 -1.9 5.6 8.3 15.9 15.5 11.9 13.9 459.5 -44.4 1.1Vanguard Selected Value Inv (VASVX) GR/MV 26.11 3 4 3 -3.6 1.7 3.9 11.3 5.2 6.7 11.1 369.5 -48.1 1.5Vanguard Small-Cap Grwth Index Inv (VISGX) SC/XS 55.68 3 4 2 -0.4 7.3 4.7 17.4 13.8 10.5 13.9 505.0 -53.5 0.4Vanguard Small-Cap Index Inv (NAESX) SC/XS 77.73 3 4 2 -2.0 4.2 3.0 11.4 8.9 8.8 12.8 466.9 -53.3 1.2Vanguard Small-Cap Value Index Inv (VISVX) SC/SV 31.74 4 4 3 -3.4 1.8 1.7 6.5 4.8 7.3 11.7 429.1 -53.3 1.9Vanguard Strategic Equity Inv (VSEQX) AG/MB 32.77 4 4 3 -2.0 4.3 4.2 11.6 7.1 7.9 13.5 467.2 -56.2 1.3Vanguard Tax-Managed Small Cap Adm (VTMSX) SC/SB 65.09 4 ▼ 5 2 -4.1 1.8 2.3 7.0 7.1 9.3 13.2 467.7 -50.9 1.1Vanguard Total Stock Mkt Index Inv (VTSMX) GI/XI 79.60 1 3 1 -0.1 6.6 8.5 20.2 13.7 11.7 13.7 445.4 -50.9 1.6Vanguard US Growth Inv (VWUSX) GR/LG 44.92 ▲ 1 4 2 4.4 12.5 12.1 27.2 21.2 15.0 15.6 483.8 -47.2 0.2Vanguard Value Index Inv (VIVAX) GR/LV 45.60 2 3 2 -2.5 3.6 5.8 14.5 10.4 10.2 12.3 397.7 -54.0 2.4Vanguard Windsor-I Inv (VWNDX) GI/LV 20.68 3 ▼ 4 3 -3.5 4.1 7.3 14.9 8.9 8.3 11.5 395.7 -56.1 1.7Vanguard Windsor-II Inv (VWNFX) GI/LV 35.85 2 3 3 -1.5 5.1 7.7 17.6 10.3 8.0 10.8 337.6 -52.9 1.9Victory Diversified Stk A (SRVEX) Y GR/LB 17.46 ▲ 2 3 3 -0.3 5.5 8.5 18.7 11.9 8.3 10.4 294.1 -49.2 0.3Victory Munder MidCap Growth A (MGOAX) Y GR/MG 14.10 3 3 3 0.3 4.5 2.3 15.7 9.0 7.1 11.6 344.7 -53.5 0.0Victory RS Growth A (RSGRX) Y GR/LG 19.72 3 4 2 2.6 10.1 6.4 19.5 16.2 11.7 14.0 402.9 -52.7 0.0Victory RS Large Cap Alpha A (GPAFX) Y GR/LV 51.84 2 3 2 -2.4 2.9 5.0 16.9 10.3 8.6 11.0 311.4 -41.5 0.6Victory RS Partners A (RSPFX) Y SC/SV 23.60 3 3 ▼ 3 -3.6 2.4 1.9 15.0 7.5 8.4 10.5 356.2 -48.2 0.8Victory RS Small Cap Growth A (RSEGX) Y SC/SG 77.18 3 5 2 0.0 10.9 2.6 21.3 18.2 12.1 15.6 566.4 -56.3 0.0Victory Special Value A (SSVSX) Y GI/LB 26.31 3 3 3 -0.4 5.5 8.4 18.0 11.3 7.9 9.1 269.2 -55.3 0.3Victory Sycamore Established Val R (GETGX) GR/MV 38.48 ▼ 3 3 2 -2.5 2.4 4.1 14.3 8.2 9.6 12.6 412.8 -42.6 0.8Virtus Ceredex Mid-Cap Val Eq I (SMVTX) GI/MV 12.48 2 3 2 -3.2 3.6 5.6 17.0 8.9 9.2 12.1 452.2 -47.2 1.0Virtus KAR Capital Growth A (PSTAX) Y GR/LG 18.89 3 5 2 1.2 14.2 9.5 28.6 19.9 14.6 14.1 429.7 -53.0 0.0Virtus KAR Small-Cap Core A (PKSAX) Y SC/SB 38.39 ▼ 2 4 1 -0.9 2.3 5.8 28.9 20.7 17.4 16.1 608.8 -48.8 0.0Virtus Rampart Enhanced Core Eq A (PDIAX) Y GI/LB 22.15 2 3 2 -0.3 6.2 8.7 18.6 10.3 9.9 11.8 339.2 -48.9 0.9Virtus Silvant Lg Cap Growth Stk A (STCIX) Y GR/LG 5.51 2 4 2 2.6 9.7 10.8 25.8 18.4 12.6 14.4 431.9 -48.0 0.0Voya Corporate Leaders Trust B (LEXCX) GI/LB 40.28 ▼ 4 3 2 -3.4 1.9 0.0 8.2 8.9 7.3 12.0 339.9 -45.1 1.8Voya LargeCap Growth Fund S (IEOSX) AG/LG 19.64 1 3 1 2.2 9.0 11.0 24.5 18.5 13.8 15.1 497.9 -38.2 0.3Voya MidCap Opportunities A (NMCAX) Y GR/MG 20.40 2 3 2 1.6 7.6 6.4 18.7 12.9 10.2 13.4 425.5 -45.5 0.0Wasatch Core Growth Fund (WGROX) SC/SG 72.35 ▲ 2 4 2 0.6 8.0 6.4 22.2 16.1 13.5 15.4 581.4 -55.1 0.0Wasatch Micro Cap Fund (WMICX) SC/SG 7.74 2 5 2 1.6 13.6 12.0 30.3 25.1 17.3 16.1 606.7 -60.8 0.0Wasatch Small Cap Growth Inv (WAAEX) SC/SG 39.70 3 5 2 1.4 12.7 6.6 26.3 20.0 13.7 14.9 527.8 -51.3 0.0Wasatch Small Cap Value (WMCVX) SC/SV 7.77 ▼ 4 4 2 -3.7 1.7 0.5 7.7 8.7 9.5 12.8 495.1 -58.1 0.5Wasatch Ultra Growth (WAMCX) AG/SG 29.39 3 5 2 3.4 17.3 15.2 27.7 25.9 18.3 17.0 649.2 -62.6 0.0Weitz Hickory Fund (WEHIX) GR/MB 53.47 3 3 4 -0.4 2.7 7.9 22.3 7.1 5.9 10.8 323.8 -49.6 0.0Weitz Partners Value Investor (WPVLX) GR/VL 31.57 3 4 4 -0.3 4.2 6.6 21.0 7.9 5.5 10.6 308.4 -48.6 0.0Weitz Value Investor (WVALX) GR/LG 47.09 2 3 3 0.4 4.9 8.2 24.0 12.5 8.5 11.7 355.5 -52.9 0.0Wells Fargo Common Stock A (SCSAX) Y GR/VL 19.18 3 3 3 -2.4 2.7 2.0 12.2 8.4 6.1 10.2 333.4 -46.8 0.0Wells Fargo Lrg Cap Growth A (STAFX) Y GR/LG 43.80 2 4 2 3.2 10.2 9.0 24.9 20.6 12.4 — — — 0.0Wells Fargo Omega Growth A (EKOAX) Y AG/LG 56.23 2 4 2 2.7 10.2 7.8 26.7 21.5 12.3 13.6 420.1 -38.3 0.0Wells Fargo Spcl MidCp Val A (WFPAX) Y GR/MV 40.14 3 3 3 -2.4 3.8 6.3 19.9 8.1 8.0 11.5 358.2 -44.4 0.5William Blair Growth N (WBGSX) GR/LG 9.63 2 3 2 1.9 7.8 7.2 24.1 19.6 13.6 13.3 403.4 -47.2 0.0William Blair Small-Mid Cap Grth N (WSMNX) SC/MG 25.62 2 4 2 0.8 4.9 3.1 19.9 17.3 13.3 15.0 — — 0.0Wilshire Large Co Growth Inv (DTLGX) GR/LG 39.57 2 4 1 1.8 9.3 7.7 19.6 16.3 12.7 13.4 394.6 -50.2 0.0







F E B R U A R Y 2 0 2 0 2 3

GENERAL EQUITY

56 35 0 0 6 0 0 0 0 0 - - - 95 5.00 0.97 2500 James Wilhelm 10/17 6.9 800 543-0407▼ 45 0 16 0 0 0 0 28 0 0 - - - 100 5.00 1.24 2500 Team Managed - - 800 543-0407

85 0 0 0 0 0 0 0 0 12 - - - 100 None 0.72 3000 Team Managed - - 800 531-8181 91 0 3 0 0 0 0 0 0 5 - - - 100 None 0.90 3000 Team Managed - - 800 531-8181 15 51 0 0 8 0 0 ▼ 0 0 19 - - - 100 None 0.75 3000 Mannik Dhillon 7/19 - 800 531-8181 0 44 4 19 8 0 0 ▼ 0 0 16 - - - 100 None 0.89 0 Jonathan K. L. Simon 10/04 1.7 800 992-0180 30 14 0 0 9 0 0 0 0 31 - - - 100 None 0.89 0 David Giroux 7/06 3.4 800 992-0180 39 38 0 0 7 0 0 15 0 0 - - - 100 None 0.14 3000 Donald M. Butler 4/16 0.2 800 662-7447 19 12 0 0 12 0 0 20 0 15 - - - 100 None 0.26 3000 Donald J. Kilbride 2/06 4.6 800 662-7447 11 56 0 0 11 0 0 0 0 16 - - - 100 None 0.27 3000 Team Managed - - 800 662-7447 22 18 39 12 0 4 0 0 0 0 - - - 99 None 0.45 3000 Team Managed - - 800 662-7447 18 17 36 24 0 0 1 0 0 0 - - - 100 None 0.19 3000 Donald M. Butler 12/97 -0.8 800 662-7447 35 39 2 0 4 0 0 9 0 8 - - - 100 None 0.33 3000 Team Managed - - 800 662-7447

▲ 67 7 0 0 3 0 0 20 ▼ 0 0 - - - 100 None 0.17 3000 Gerard C. O’Reilly 12/94 1.4 800 662-7447 54 0 23 0 0 0 2 ▼ 0 0 ▲ 14 - - - 100 None 0.36 3000 Team Managed - - 800 662-7447 19 34 20 0 4 0 0 ▼ 0 0 16 - - - 100 None 0.17 3000 Donald M. Butler 5/98 0.3 800 662-7447 28 45 0 0 21 0 0 0 0 0 - - - 100 None 0.46 3000 Team Managed - - 800 662-7447 36 39 0 0 18 0 0 0 0 0 - - - 100 None 0.38 3000 Team Managed - - 800 662-7447 0 ▼ 54 0 18 7 0 5 ▲ 10 0 0 - - - 100 None 0.33 3000 Team Managed - - 800 662-7447 24 10 58 0 0 0 3 ▼ 0 0 0 - - - 100 None 0.19 3000 Gerard C. O’Reilly 12/04 1.5 800 662-7447 8 25 36 27 0 0 1 0 0 0 - - - 100 None 0.17 3000 Gerard C. O’Reilly 4/16 0.7 800 662-7447 0 33 8 55 0 0 0 0 0 0 - - - 100 None 0.19 3000 Gerard C. O’Reilly 4/16 1.4 800 662-7447 12 26 22 15 0 0 1 0 18 0 - - - 100 None 0.17 3000 James P. Stetler 1/12 1.0 800 662-7447 0 5 14 57 0 0 0 0 ▲ 19 0 - - - 96 None 0.09 10000 Donald M. Butler 4/16 -0.3 800 662-7447 34 37 9 0 5 0 0 13 0 0 - - - 100 None 0.14 3000 Gerard C. O’Reilly 12/94 3.6 800 662-7447 77 0 0 0 0 0 0 18 0 0 - - - 100 None 0.39 3000 Team Managed - - 800 662-7447 4 69 3 0 9 0 0 0 0 11 - - - 100 None 0.17 3000 Gerard C. O’Reilly 12/94 0.7 800 662-7447 0 77 8 4 4 5 0 0 0 0 - - - 100 None 0.30 3000 Team Managed - - 800 662-7447 18 62 0 0 12 0 0 6 0 0 - - - 99 None 0.33 3000 Team Managed - - 800 662-7447 29 25 7 7 11 0 0 16 0 0 - - - 97 5.75 1.08 2500 Team Managed - - 800 539-3863 31 12 18 0 0 0 1 0 0 25 - - - 99 5.75 1.28 2500 Team Managed - - 800 539-3863 72 0 8 0 0 0 0 16 0 0 - - - 100 5.75 1.10 2500 Team Managed - - 800 539-3863 15 ▼ 35 6 9 8 0 2 17 0 0 - - - 100 5.75 0.89 2500 Team Managed - - 800 539-3863 0 25 6 45 0 0 0 0 0 13 - - - 100 5.75 1.45 2500 Joseph M. Mainelli 5/13 1.2 800 539-3863 16 0 63 0 0 0 5 0 0 0 - - - 100 5.75 1.40 2500 Team Managed - - 800 539-3863 32 24 6 8 11 0 0 13 0 0 - - - 98 5.75 1.21 2500 Team Managed - - 800 539-3863 14 ▲ 54 0 24 0 0 0 0 ▼ 0 0 - - - 98 None 1.13 Closed Team Managed - - 800 539-3863 0 49 8 10 6 0 0 18 0 0 - - - 100 None 1.02 100000 Don Wordell 12/01 1.2 800 243-1574 69 0 0 0 0 8 0 0 0 0 - - 1 99 5.75 1.23 2500 Douglas Foreman 11/11 0.0 800 243-1574 18 0 25 0 6 10 0 21 ▼ 0 0 - - - 100 5.75 1.29 2500 Jon Christensen 12/08 4.7 800 243-1574 37 34 0 0 10 0 0 16 0 0 - - - 97 5.75 1.20 2500 Team Managed - - 800 243-1574

▼ 59 10 0 0 0 0 0 ▲ 11 ▲ 15 0 - - - 100 5.75 1.23 2500 Michael A. Sansoterra 3/07 1.0 800 243-1574 0 62 0 0 21 0 0 0 0 0 - - - 100 None 0.46 1000 Team Managed - - 800 992-0180 62 0 0 0 7 0 0 25 0 0 - - - 100 None 0.92 0 Jeffrey Bianchi 6/10 3.3 800 992-0180 48 0 19 0 0 0 2 19 0 0 - - - 100 5.75 1.26 1000 Team Managed - - 800 992-0180 15 23 48 0 0 ▼ 0 0 0 0 0 - - - 100 None 1.19 2000 Team Managed - - 800 551-1700

▼ 0 0 59 0 8 0 5 0 0 0 - - - 100 None 1.66 2000 Daniel Chace 1/04 0.4 800 551-1700 25 8 45 0 0 ▼ 0 3 0 0 0 - - - 100 None 1.17 2000 Team Managed - - 800 551-1700 0 20 18 47 0 6 0 0 0 0 - - - 100 None 1.20 2000 Jim Larkins 12/97 3.1 800 551-1700 24 0 44 0 0 0 6 0 0 0 - - - 100 None 1.24 2000 John Malooly 1/12 2.0 800 551-1700 15 0 14 22 0 0 0 0 0 14 - - - 100 None 1.28 2500 Wallace R. Weitz 1/03 -0.2 800 304-9745 42 15 10 17 0 ▼ 0 0 0 0 0 - - - 100 None 1.28 2500 Wallace R. Weitz 12/93 -0.1 800 304-9745 52 21 7 0 8 0 0 0 0 ▼ 0 - - - 100 None 1.23 2500 Bradley P. Hinton 8/06 -2.0 800 304-9745 0 53 36 0 0 0 2 0 0 ▼ 0 1 - - 99 5.75 1.26 1000 Christopher Miller 3/17 -2.3 800 359-3379 85 5 0 0 6 0 0 0 0 0 0 - - 100 5.75 1.18 1000 Team Managed - - 800 359-3379 67 0 0 0 0 0 0 26 0 0 0 - - 100 5.75 1.28 1000 Michael T. Smith 5/10 -0.5 800 359-3379 0 52 9 5 6 0 0 ▼ 0 0 19 5 - - 95 5.75 1.16 1000 Team Managed - - 800 359-3379

▼ 57 0 8 0 8 0 0 18 0 0 - - - 100 None 1.20 2500 David C. Fording 1/06 0.9 800 742-7272 28 8 31 0 0 0 0 ▼ 0 0 ▲ 19 - - - 100 None 1.35 2500 Team Managed - - 800 742-7272

- - - - - - - - - - - - - 100 None 1.30 2500 Team Managed - - 888 200-6796






2 4 F E B R U A R Y 2 0 2 0


FOREIGN/GLOBAL EQUITY

Aberdeen Global Equity Impact A (JETAX) GL/LB 12.25 3 3 ▲ 3 0.4 8.1 12.8 19.2 9.7 4.7 3.3 100.3 -54.0 2.1Aberdeen Select Intl Equity Fund A (BJBIX) FO/LB 26.26 ▼ 4 3 3 -2.3 1.9 6.5 12.5 8.3 3.9 2.6 92.6 -57.0 4.4Alger International Focus B (AFGPX) Y FO/LG 13.54 4 3 5 -2.1 5.2 7.0 17.3 4.1 1.7 5.0 146.3 -52.8 4.3American Beacon Tocqueville IntlVal (TIVFX) FO/LV 15.64 ▼ 5 3 3 -3.9 1.9 2.9 7.3 2.9 4.3 6.0 198.4 -49.2 1.7American Century Intl Gr Inv (TWIEX) FO/LG 12.52 3 3 3 -1.8 4.1 7.7 17.9 10.3 5.7 7.1 204.6 -56.5 0.1American Century Intl Opport Inv (AIOIX) FO/MG 10.44 3 4 3 -1.8 5.7 8.7 15.4 10.4 8.2 9.3 308.6 -64.6 0.9American Funds Cap Wld Gr&Inc C (CWGCX) GL/LV 50.73 3 3 3 -1.9 4.1 6.5 13.9 9.3 6.6 7.9 225.3 -51.3 0.9American Funds EuroPacific Gr A (AEPGX) Y FO/LB 53.96 3 3 3 -3.1 3.1 5.7 13.8 9.3 6.2 6.6 200.4 -51.3 1.0American Funds New Economy A (ANEFX) Y GL/LG 45.86 ▲ 2 3 2 0.3 7.7 7.3 15.9 15.8 11.5 13.8 462.0 -51.9 0.3American Funds New Perspective A (ANWPX) Y GL/LG 47.33 1 3 2 0.1 7.2 9.4 20.3 14.8 11.2 11.4 345.4 -49.1 0.9American Funds New World A (NEWFX) Y FO/EM 68.96 2 3 3 -2.3 3.4 5.5 15.3 11.3 7.1 6.5 214.3 -53.1 1.0American Funds SMALLCAP World A (SMCWX) Y GL/SG 58.28 3 3 2 -0.9 7.2 6.9 18.8 10.9 9.2 10.5 370.9 -59.7 0.0Artisan International Fund Inv (ARTIX) FO/LB 33.21 2 3 3 -0.2 4.4 8.7 21.3 12.7 5.2 8.0 239.0 -58.5 0.8Artisan International Value Inv (ARTKX) FO/LB 35.98 4 3 ▼ 4 -2.7 3.9 7.5 11.5 6.8 5.6 8.8 288.5 -47.0 1.3BNY Mellon Global Stock I (DGLRX) GL/LG 22.70 1 3 1 -1.6 4.2 6.8 18.6 14.7 11.1 10.4 292.2 -38.3 0.6BNY Mellon Wrldwde Growth A (PGROX) Y GL/LG 53.92 1 3 2 -0.3 6.9 9.3 26.0 15.0 10.6 11.1 309.3 -44.3 0.6Baron Emerging Markets Retail (BEXFX) FO/EM 14.24 4 3 3 -3.3 1.8 3.5 5.3 7.4 3.7 — — — 0.2BlackRock Asian Dragon A (MDPCX) Y PB/NJ 15.50 4 4 3 -4.3 2.1 5.5 8.2 5.1 4.3 5.4 180.4 -52.0 0.6Brandes Intl Small Cap Equity A (BISAX) Y FO/SV 10.51 5 3 4 -4.5 1.0 3.1 -4.6 -4.1 1.4 — — — 0.6Calvert International Equity A (CWVGX) Y FO/LV 19.68 3 3 4 -1.2 5.2 10.0 23.3 10.7 5.6 5.4 154.5 -62.5 0.9Carillon Scout International I (UMBWX) FO/LG 18.11 3 3 3 -3.4 2.6 8.5 13.5 7.3 5.4 5.8 180.7 -49.8 2.2Columbia Acorn Intl Inst (ACINX) FO/MG 33.12 3 3 3 -3.3 4.0 8.0 15.8 10.3 5.4 7.3 259.6 -58.0 1.9Columbia Select Global Equity A (IGLGX) Y GL/LG 15.20 1 3 2 1.6 9.2 11.0 28.4 19.4 13.1 11.3 315.6 -54.7 0.0DWS Emerging Markets Equity S (SEMGX) FO/EM 19.77 4 4 3 -6.0 1.4 2.7 3.2 8.4 5.3 3.1 158.3 -65.0 1.9DWS International Growth S (SCOBX) FO/LG 37.04 3 3 4 -1.4 4.2 6.4 19.8 9.6 6.2 7.0 228.1 -59.7 1.0Davis Global A (DGFAX) Y GL/LG 24.22 3 4 3 -1.7 6.9 8.5 14.5 9.7 9.3 9.8 345.5 -62.7 1.8Delaware Global Equity A (FIISX) Y GL/LB 6.65 3 3 3 -0.4 3.6 3.5 13.8 8.7 5.7 7.7 219.7 -45.8 1.0Dodge & Cox International Stock (DODFX) FO/LV 41.45 ▲ 4 4 4 -4.9 1.6 6.4 7.6 4.4 2.8 5.7 228.9 -59.9 3.9Eaton Vance Greater India A (ETGIX) Y PB/NJ 34.56 4 4 3 0.8 2.4 11.4 13.3 10.0 4.7 5.6 275.3 -69.7 0.0Eaton Vance Tax-Mgd Glb Div Inc C (ECDIX) GL/LB 13.39 3 3 4 -1.0 6.1 9.0 17.5 9.7 6.7 7.6 192.9 -47.9 2.4FMI International Fund (FMIJX) FO/LB 31.15 4 2 ▼ 4 -3.7 0.4 1.2 7.0 4.8 5.4 — — — 3.5Fidelity Adv Diversified Intl I (FDVIX) FO/LB 24.48 3 3 4 -1.2 5.0 10.1 21.4 10.2 6.7 7.6 222.4 -58.1 1.1Fidelity Adv Mid Cap II I (FIIMX) GL/MG 19.54 4 4 3 -2.3 4.3 2.9 9.4 6.5 7.0 10.3 314.2 -48.9 0.5Fidelity Canada Fund (FICDX) FO/LB 52.47 4 3 4 -0.4 5.0 4.7 12.8 5.9 5.2 5.3 152.1 -54.1 1.7Fidelity China Region Fund (FHKCX) PB/NJ 37.81 3 5 3 -4.4 4.9 9.3 17.2 14.9 7.9 8.9 316.2 -57.1 0.6Fidelity Diversified Intl Fund (FDIVX) FO/LG 40.01 3 3 4 -1.2 4.9 9.9 21.4 10.1 6.2 7.0 203.9 -57.6 1.3Fidelity Europe (FIEUX) EU/LB 35.18 4 3 4 -3.0 4.4 8.3 12.6 8.0 4.6 6.2 182.1 -56.0 4.3Fidelity International Discovery (FIGRX) FO/LG 44.43 3 3 3 -2.2 4.3 8.4 18.2 9.6 5.9 6.8 196.9 -57.0 1.7Fidelity Intl Small Cap Opps (FSCOX) FO/SB 19.91 2 3 3 -3.3 4.6 9.9 18.0 11.7 9.6 10.8 383.0 -70.2 0.8Fidelity Japan (FJPNX) PB/JP 15.75 3 3 3 -3.3 0.5 7.2 14.3 8.8 8.1 5.9 167.5 -53.2 0.6Fidelity Latin American (FLATX) FO/LA 28.31 3 5 3 -3.7 2.5 7.9 15.3 13.9 7.0 0.4 99.0 -59.6 2.3Fidelity Nordic Fund (FNORX) EU/LB 46.80 4 3 3 -2.0 4.9 9.5 8.6 7.0 6.1 9.4 344.1 -66.9 3.2Fidelity Overseas Fund (FOSFX) FO/LG 51.08 2 3 3 -1.4 4.6 8.2 19.3 10.9 8.1 8.0 221.9 -60.2 1.3Fidelity Trend Fund (FTRNX) GL/LG 111.83 1 ▲ 3 1 3.5 11.8 12.9 28.9 19.2 14.7 16.0 557.4 -53.0 0.2Fidelity Worldwide Fund (FWWFX) GL/LG 28.30 2 3 2 -0.2 7.2 7.6 20.4 15.6 10.5 11.5 336.5 -53.1 0.6First Eagle Global Fund A (SGENX) Y GL/LB 56.35 3 2 3 -2.8 0.5 2.7 9.0 5.7 5.8 7.8 200.0 -31.6 1.2First Eagle Overseas Fund A (SGOVX) Y FO/LB 23.34 3 2 4 -2.5 -0.1 3.3 8.7 4.3 4.2 6.1 150.3 -32.1 2.0Franklin Mutual European A (TEMIX) Y EU/LV 19.70 4 3 5 -4.7 0.0 3.5 10.1 4.3 2.8 5.4 134.4 -42.7 2.5Franklin Mutual Global Discovery Z (MDISX) GL/LB 30.07 3 3 4 -3.6 2.5 3.7 11.7 5.1 5.4 7.7 172.7 -31.2 2.1Guinness Atkinson Glob Innov Inv (IWIRX) GL/LG 45.39 3 4 2 -0.6 5.3 11.1 22.9 13.9 10.9 13.6 499.1 -56.1 0.2Harbor International Inv (HIINX) FO/LB 38.46 4 3 5 -3.2 2.2 7.4 10.5 4.5 2.5 4.5 162.3 -57.0 2.6Invesco Global Sm & Mid-Cap Gr A (AGAAX) Y GL/SG 16.99 3 3 4 -1.4 3.3 3.9 12.2 8.0 5.7 8.3 263.2 -58.2 1.1Invesco International Growth A (AIIEX) Y FO/LG 31.25 3 3 4 -3.2 1.7 4.3 14.8 7.6 4.5 6.3 178.3 -51.0 1.8Invesco Oppenheimer Dev Mkts A (ODMAX) Y FO/EM 44.53 ▼ 4 3 3 -3.9 2.7 4.8 9.8 10.4 5.6 5.9 263.8 -57.3 0.2Invesco Oppenheimer Gl Opps A (OPGIX) Y GL/LG 59.45 4 5 2 -2.9 9.1 7.6 9.6 14.3 14.4 11.9 518.3 -54.5 0.0Invesco Oppenheimer Global A (OPPAX) Y GL/LG 94.86 3 4 3 -1.1 5.0 6.1 16.2 13.3 9.6 10.4 336.1 -53.6 0.0Invesco Oppenheimer Intl Gr A (OIGAX) Y FO/LG 43.84 3 3 4 -1.7 5.9 8.1 18.2 7.9 5.4 7.1 216.8 -53.9 0.8Invesco Oppenheimer Intl SMID Y (OSMYX) FO/SB 46.44 3 3 2 -2.8 2.1 3.4 12.5 13.6 11.6 14.1 714.8 -71.3 0.4Ivy International Core Equity A (IVIAX) Y FO/LB 17.09 5 3 4 -2.9 1.3 5.0 7.3 4.0 3.0 5.5 183.7 -53.2 2.3Janus Henderson Global Select D (JANRX) GL/LG 15.45 3 3 3 -2.5 4.5 8.8 14.6 12.1 8.1 7.7 265.2 -57.4 1.0







F E B R U A R Y 2 0 2 0 2 5


15 0 7 0 36 0 1 ▼ 0 0 25 1 - - 100 None 1.53 1000 Dominic Byrne 2/19 - 866 667-9231 12 0 5 0 42 9 1 ▲ 17 0 ▼ 0 - - - 100 None 1.44 1000 Team Managed - - 866 667-9231 18 0 0 0 34 7 0 0 0 23 - - - 100 5.00R 1.58 Closed Gregory M. Jones 3/18 - 800 992-3863 0 ▼ 0 0 0 ▼ 51 0 0 0 ▲ 33 0 - - - 100 None 1.18 2500 James E. Hunt 7/01 0.7 800 967-9009 15 0 0 0 45 7 0 0 0 21 - - - 100 None 1.18 2500 Rajesh Gandhi 2/08 -6.1 800 345-2021 6 0 5 0 32 11 0 0 0 25 - - - 100 None 1.46 10000 Team Managed - - 800 345-2021 24 13 0 0 32 14 0 12 0 0 - - 0 100 None 1.53 250 Team Managed - - 800 421-4225 0 0 0 0 42 31 0 0 0 17 - - - 100 5.75 0.84 250 Team Managed - - 800 421-4225 56 0 8 0 17 13 0 0 0 0 - - - 100 5.75 0.78 250 Team Managed - - 800 421-4225 42 0 0 0 28 10 0 15 0 0 - - - 100 5.75 0.75 250 Team Managed - - 800 421-4225 15 0 0 0 16 34 0 ▲ 13 ▲ 16 ▼ 0 - - - 100 5.75 1.02 250 Team Managed - - 800 421-4225 20 0 28 0 22 8 4 0 0 9 - - 0 100 5.75 1.06 250 Team Managed - - 800 421-4225 6 0 0 0 45 7 0 0 0 24 - - - 100 None 1.19 1000 Team Managed - - 800 344-1770 0 7 0 0 65 12 0 0 0 0 - - - 100 None 1.19 1000 Team Managed - - 800 344-1770 22 12 0 0 34 4 0 0 0 19 - - - 100 None 0.99 1000 Team Managed - - 800 782-6620 36 9 0 0 27 0 0 14 0 8 - - - 100 5.75 1.14 1000 Team Managed - - 800 782-6620 5 0 0 0 0 70 0 ▲ 19 ▼ 0 0 - - - 100 None 1.36 2000 Michael Kass 12/10 2.5 800 992-2766 0 0 0 0 12 78 0 0 0 0 - - - 100 5.25 1.26 1000 Andrew Swan 8/11 -0.6 800 441-7762 0 0 0 12 53 0 0 0 0 0 - - - 100 5.75 1.35 2500 Team Managed - - 800 237-7119 8 0 0 0 64 0 1 ▼ 0 0 18 - - - 100 4.75 1.27 1000 Christopher Dyer 12/16 3.2 800 368-2745 0 12 0 0 68 12 0 0 0 0 - - - 100 None 1.10 10000 Michael D. Stack 4/12 -7.0 800 421-4184 7 0 6 0 58 0 2 0 0 12 - - - 100 None 1.01 0 Louis J. Mendes 5/03 -0.5 800 345-6611 42 0 0 0 21 0 0 ▼ 0 0 26 - - - 100 5.75 1.31 2000 Dave Dudding 1/15 1.6 800 345-6611 0 0 0 0 22 71 0 0 0 0 - - - 98 None 0.98 2500 Team Managed - - 800 621-1048 20 0 0 0 45 9 0 0 0 19 - - 0 100 None 0.94 2500 Sebastian P. Werner 2/13 -5.8 800 621-1048

▼ 19 0 0 6 0 ▼ 28 0 0 ▲ 26 0 - - - 100 4.75 0.98 1000 Danton Goei 1/07 -3.6 800 279-0279▼ 13 ▼ 0 5 0 20 0 0 0 0 24 - - - 98 5.75 1.44 1000 Team Managed - - 800 523-1918

0 ▲ 27 0 0 41 18 0 0 ▼ 0 0 - - - 100 None 0.63 2500 Team Managed - - 800 621-3979- - - - - - - - - - - - - 100 5.75 1.65 1000 Hiren Dasani 5/17 -1.7 800 262-1122

19 17 0 0 38 0 0 22 0 0 - - - 100 None 1.97 1000 Team Managed - - 800 262-1122 0 12 0 0 41 ▲ 14 0 15 ▼ 0 0 - - - 100 None 0.90 2500 Team Managed - - 800 811-5311 10 0 0 0 54 5 0 ▼ 0 0 ▲ 24 - - - 100 None 0.91 0 William Bower 2/09 -3.9 800 544-6666 8 38 17 15 8 0 1 0 0 7 - - - 100 None 0.75 0 Thomas Allen 8/04 -0.8 800 544-6666 0 ▲ 36 0 0 18 0 5 0 ▼ 0 0 - - - 100 None 0.87 0 Ryan Oldham 6/18 - 800 544-6666 12 0 0 0 0 76 0 0 0 0 - - - 100 None 0.95 0 Ivan Xie 4/18 - 800 544-6666 10 0 0 0 54 5 0 ▼ 0 0 ▲ 24 - - - 100 None 0.75 0 William Bower 4/01 -1.1 800 544-6666 0 0 0 0 90 0 0 0 0 0 - - - 100 None 0.75 0 Andrew Sergeant 6/18 - 800 544-6666 6 0 0 0 54 4 0 ▼ 0 0 27 - - - 100 None 0.76 0 William Kennedy 10/04 -3.4 800 544-6666 0 0 0 0 72 0 2 0 0 0 - - - 95 None 1.19 0 Jed Weiss 12/08 1.5 800 544-6666 0 0 0 0 ▲ 68 0 0 ▼ 0 0 0 - - - 100 None 1.00 0 Kirk Neureiter 3/14 -0.9 800 544-6666 0 5 0 0 0 9 0 0 ▲ 18 7 - - - 100 None 1.04 0 William Pruett 10/15 3.1 800 544-6666 0 0 0 0 ▼ 33 5 0 0 ▲ 30 0 - - - 100 None 0.96 0 Andrew Sergeant 6/18 - 800 544-6666 5 0 0 0 56 0 0 ▼ 0 0 ▲ 28 - - - 100 None 0.89 0 Vincent Montemaggiore 1/12 -2.7 800 544-6666 72 0 0 0 0 0 0 17 0 6 - - 0 100 None 0.65 0 Shilpa Mehra 8/18 - 800 544-6666 36 0 0 0 22 0 1 21 ▲ 13 0 - - - 100 None 0.98 0 William Kennedy 1/06 -0.7 800 544-6666 0 28 0 6 40 0 4 15 0 0 - - - 100 5.00 1.11 2500 Matthew B. McLennan 9/08 1.5 800 334-2143 0 0 0 3 55 0 4 23 0 0 - - - 100 5.00 1.15 2500 Matthew B. McLennan 9/08 0.1 800 334-2143 0 ▼ 8 0 0 ▼ 26 4 0 0 ▲ 32 0 - - - 100 5.50 1.31 1000 Team Managed - - 800 342-5236 0 ▼ 38 0 0 16 11 0 0 27 0 - - - 100 None 0.99 100000 Team Managed - - 800 342-5236 43 0 0 0 28 18 0 0 0 0 - - - 100 None 1.24 5000 Matthew Page 5/10 -0.8 800 915-6565 0 0 0 0 95 0 0 0 0 0 - - - 100 None 1.12 2500 Team Managed - - 800 422-1050 9 0 11 0 30 4 0 18 18 0 - - - 100 5.50 1.32 1000 Team Managed - - 800 959-4246 4 0 0 0 33 10 0 8 36 0 - - - 100 5.50 1.33 1000 Team Managed - - 800 959-4246 4 0 0 0 8 ▼ 48 0 0 ▲ 31 0 - - - 100 5.50 1.27 1000 Justin Leverenz 5/07 3.0 800 959-4246 16 ▲ 10 20 0 ▼ 12 9 0 0 0 0 - - - 100 5.50 1.09 1000 Frank Jennings 10/95 1.8 800 959-4246 36 13 0 0 40 0 0 0 0 0 - - - 100 5.50 1.06 1000 John Delano 3/17 -4.0 800 959-4246 12 0 0 0 66 0 0 0 0 12 - - - 100 5.75 1.10 1000 George R. Evans 3/96 -1.5 800 959-4246 8 0 8 0 44 0 0 0 0 16 - - - 100 None 1.11 1000 Frank Jennings 9/18 - 800 959-4246 0 0 0 0 72 ▲ 16 0 0 0 ▼ 0 - - - 98 5.75 1.25 750 John C. Maxwell 2/06 -1.9 800 777-6472 19 27 0 0 28 17 0 0 ▼ 0 0 - - - 100 None 0.85 Closed Team Managed - - 800 525-3713






2 6 F E B R U A R Y 2 0 2 0



Janus Henderson Intl Opport A (HFOAX) Y FO/LB 24.75 4 3 5 -2.4 3.5 5.8 13.8 5.7 3.1 5.3 159.4 -52.4 0.8Longleaf Partners Intl Fd (LLINX) FO/LB 16.48 4 ▼ 4 3 -6.8 -1.7 0.5 2.8 7.5 6.3 5.3 156.3 -52.9 0.8MFS Global Equity Fund A (MWEFX) Y GL/LG 46.74 2 3 2 -1.5 4.2 5.9 19.3 11.5 8.9 10.6 331.7 -48.2 0.9MFS International Growth A (MGRAX) Y FO/LG 36.13 2 3 2 -2.3 3.1 7.1 16.8 12.9 8.6 7.7 242.3 -52.7 0.9MFS Intl Diversification A (MDIDX) Y FO/LB 20.36 2 3 3 -2.4 3.2 7.1 15.4 11.1 7.4 7.4 232.7 -53.9 1.2MFS Intl Intrinsic Value A (MGIAX) Y FO/LV 45.11 2 2 3 -0.6 4.0 8.2 19.2 11.9 9.1 10.0 304.2 -48.8 0.8MFS Intl New Discovery A (MIDAX) Y FO/MG 33.90 ▼ 3 2 3 -2.5 2.6 7.2 12.1 10.8 7.7 9.0 306.1 -56.1 1.0MainStay MacKay Intl Equity A (MSEAX) Y FO/LG 17.48 3 3 3 -2.2 5.1 8.8 14.2 10.6 7.1 5.4 132.1 -40.0 0.2MassMutual Premier Intl Equity R5 (MIEDX) FO/LG 12.74 3 3 4 -1.8 5.7 7.8 17.5 7.7 5.2 7.0 218.5 -53.8 0.9Matthews Asian Growth & Income Fd (MACSX) PB/LV 15.12 ▼ 5 3 ▼ 5 -3.9 0.2 1.2 6.4 5.5 3.4 5.4 165.8 -38.1 2.2Matthews Korea Investor (MAKOX) PB/NJ 4.15 5 5 3 -5.3 1.9 5.7 -6.4 1.3 2.8 7.0 319.5 -67.4 0.0Northern International Equity (NOIGX) FO/LB 9.27 5 3 4 -2.6 1.8 5.2 5.0 4.8 3.1 4.6 143.1 -55.2 3.7Nuveen Global Infrastruct A (FGIAX) Y GL/LG 11.68 2 2 3 2.1 4.7 10.2 21.6 12.1 7.6 9.5 250.1 — 1.8Oakmark International Investor (OAKIX) FO/LV 23.49 4 ▼ 5 3 -5.9 -0.8 6.1 7.6 3.7 3.8 7.0 287.6 -54.9 1.9Oakmark Intl Small Cap Investor (OAKEX) FO/SB 15.65 4 4 3 -4.6 3.0 8.8 14.1 5.0 5.3 6.4 283.3 -60.1 0.2Polaris Global Value Fund (PGVFX) GL/MV 26.40 4 3 3 -4.8 -1.2 1.9 5.3 3.8 5.2 9.3 336.9 -61.9 0.0Putnam International Capital Opp A (PNVAX) Y FO/MB 38.18 3 3 3 -3.9 2.7 8.5 10.8 9.4 6.2 5.4 222.9 -62.2 0.0Putnam International Growth A (PINOX) Y FO/LG 22.96 3 3 3 -1.4 3.8 6.8 15.1 9.6 5.7 6.0 196.6 -56.2 0.0Schwab Fundml Intl Small Co Idx (SFILX) FO/MB 12.36 4 3 3 -4.7 1.1 5.9 6.1 4.8 6.4 7.2 273.3 — 2.7Sextant International Fund (SSIFX) FO/LB 18.25 2 2 3 -0.1 3.5 4.3 18.5 14.0 9.1 6.2 137.3 -36.3 0.5T. Rowe Price Emerging Europe (TREMX) FO/EM 16.04 3 4 3 -2.3 5.2 6.1 17.8 9.0 8.3 0.6 192.1 -76.1 2.9T. Rowe Price Emerging Mkts Stk (PRMSX) FO/EM 44.66 ▲ 3 4 3 -4.6 3.1 4.8 8.2 10.7 7.1 5.6 264.2 -68.2 1.2T. Rowe Price European Stock (PRESX) EU/LB 21.49 3 3 4 -2.2 3.1 8.5 16.6 9.8 4.0 7.2 223.3 -56.2 1.5T. Rowe Price Global Stock (PRGSX) GL/LG 46.32 2 ▲ 3 1 1.3 9.8 11.7 21.3 18.0 14.7 13.0 427.1 -61.0 0.3T. Rowe Price Intl Discovery (PRIDX) FO/MG 67.16 3 3 3 -1.7 4.4 7.4 13.7 10.5 9.4 9.9 367.2 -60.7 0.8T. Rowe Price Intl Stock Fd (PRITX) FO/LG 18.18 3 3 3 -2.5 4.9 7.7 14.9 9.8 6.6 7.1 249.6 -58.7 2.2T. Rowe Price Intl Value Equity (TRIGX) FO/LV 13.67 5 3 5 -3.7 1.4 7.5 8.8 3.9 2.4 4.5 160.7 -59.0 2.8T. Rowe Price Japan Fund (PRJPX) PB/JP 14.95 3 3 2 -2.7 3.1 10.6 16.0 11.0 12.3 9.6 241.0 -50.7 0.9T. Rowe Price Latin America (PRLAX) FO/LA 23.80 4 5 3 -5.3 -0.6 -1.3 -0.5 8.1 6.5 0.4 129.8 -61.7 2.0T. Rowe Price New Asia Fd (PRASX) PB/NJ 18.50 3 4 3 -5.0 1.3 6.7 10.8 10.4 6.3 7.4 363.7 -67.5 0.8T. Rowe Price Overseas Stock (TROSX) FO/GW 10.85 4 3 4 -3.0 2.0 8.2 11.2 7.4 5.0 6.4 208.0 -58.2 2.1Templeton Developing Markets A (TEDMX) Y FO/EM 20.90 ▲ 3 4 3 -4.8 4.1 6.3 8.7 10.1 5.7 3.7 183.9 -63.0 3.4Templeton Foreign A (TEMFX) Y FO/LV 6.91 5 3 4 -5.0 0.0 3.8 -0.3 0.8 2.2 3.9 166.1 -56.5 3.3Templeton Global Balanced Fund A1 (TINCX) Y GL/LV 2.77 5 2 5 -2.8 0.5 -0.8 -1.0 1.3 1.9 5.0 126.7 -33.6 4.1Templeton Growth A (TEPLX) Y GL/LV 21.81 5 3 4 -3.4 1.5 5.3 2.7 3.0 3.2 6.4 198.9 -57.4 2.0Templeton World A (TEMWX) Y GL/LV 13.23 ▲ 4 3 4 -3.0 1.5 4.6 4.5 3.6 4.1 6.6 198.1 -52.0 3.5Thornburg Global Opportunities A (THOAX) Y GL/LB 30.03 4 4 4 -3.3 6.0 8.9 12.8 4.9 4.7 9.6 360.4 -61.2 0.6Thornburg International Value A (TGVAX) Y FO/LV 22.95 4 3 4 -1.3 3.7 6.2 16.6 7.6 5.1 5.4 155.1 -53.3 1.0Thrivent Global Stock A (AALGX) Y GL/LB 24.18 3 3 3 -1.5 4.3 5.9 12.0 9.1 7.5 9.2 258.4 -50.5 1.1Touchstone Global ESG A (TEQAX) Y GL/LG 21.19 3 3 3 -2.6 3.3 4.2 8.4 9.2 6.6 11.2 298.8 -51.1 0.7Touchstone International Equity A (SWRLX) Y FO/LB 15.40 4 3 4 -4.1 2.9 5.9 10.1 5.9 4.7 5.8 187.1 -56.3 1.2Tweedy Browne Global Value (TBGVX) FO/LV 27.44 4 2 4 -2.0 0.5 1.7 7.3 6.2 4.7 7.2 209.7 -47.1 1.6Tweedy Browne Value Fund (TWEBX) GL 19.09 4 2 4 -3.1 0.7 1.3 6.7 6.5 5.1 7.6 213.7 -39.4 0.9US Global Invstrs HolmesMacro Trend (MEGAX) GL/GW 16.58 4 3 3 -2.9 0.3 -2.3 4.4 6.9 5.6 8.1 204.6 -56.2 0.0USAA International Fund (USIFX) FO/LG 24.85 3 3 3 -3.9 1.2 5.2 10.9 7.7 5.6 6.6 207.6 -50.1 2.3VY Invesco Oppenheimer Global I (IGMIX) GL/LG 19.23 3 4 3 -1.2 6.2 7.6 17.7 14.1 10.1 10.9 359.6 -53.1 0.4VY Morgan Stanley Glob Franch S (IVGTX) GL/LG 17.65 2 2 2 1.7 7.9 8.7 26.1 16.3 12.8 12.7 384.1 -40.4 0.7Vanguard Developed Mkts Index Adm (VTMGX) FO/LB 13.75 4 3 4 -2.8 2.0 6.6 10.5 7.4 5.4 5.9 186.5 -57.1 2.9Vanguard Emerging Mkts Stk Idx Adm (VEMAX) FO/EM 35.09 4 ▼ 4 3 -5.0 1.8 3.1 5.3 6.9 3.8 3.6 186.1 -62.6 3.2Vanguard European Stock Index Inv (VEURX) EU/XI 30.52 ▼ 4 3 4 -2.8 2.8 7.5 13.2 8.2 4.7 5.8 189.2 -59.7 3.1Vanguard Global Equity Inv (VHGEX) GL/LV 31.26 1 3 2 -1.7 5.2 6.9 17.0 12.3 9.6 10.6 346.2 -60.9 2.2Vanguard International Growth Inv (VWIGX) FO/LG 31.83 3 4 3 -1.5 7.9 10.9 19.3 14.6 10.2 9.1 294.9 -57.0 1.2Vanguard International Value Inv (VTRIX) FO/LV 36.18 4 3 4 -3.6 1.7 5.4 8.6 6.9 4.6 5.0 167.6 -55.9 2.9Vanguard Total Intl Stock Index Inv (VGTSX) FO/XI 17.27 4 3 3 -3.3 1.9 5.7 9.1 7.2 5.0 5.2 180.5 -58.5 2.9Voya Global Equity A (NAWGX) Y GL/LB 37.28 3 3 3 -1.0 3.1 5.7 11.9 9.8 6.8 6.3 208.7 -41.3 2.2Wanger International Small Cap (WSCAX) FO/SG 24.73 3 3 3 -4.9 2.5 7.6 14.8 9.2 5.8 6.6 236.4 -57.9 0.7Wasatch Global Value Investor (FMIEX) GL/LV 7.81 3 3 3 -2.6 1.7 4.8 6.4 6.4 7.3 8.3 221.0 -43.4 3.2Wasatch International Growth Inv (WAIGX) FO/MG 30.41 3 4 3 -2.0 5.2 8.9 16.6 10.9 8.6 10.8 442.1 -65.9 0.0Wasatch International Opps Inv (WAIOX) FO/SG 3.71 2 3 3 -0.5 3.3 8.0 22.2 11.6 9.7 11.4 487.0 -66.7 0.0William Blair Intl Growth N (WBIGX) FO/LG 29.44 3 3 4 -0.8 5.7 9.8 20.6 9.6 5.5 7.3 224.7 -62.9 1.0







F E B R U A R Y 2 0 2 0 2 7


0 0 6 0 53 22 2 0 0 ▼ 0 - - - 100 5.75 1.32 2500 Paul O’Connor 4/16 -6.5 800 525-3713 0 ▼ 0 0 0 40 34 0 0 0 0 - - - 100 None 1.15 10000 Team Managed - - 800 445-9469 17 18 0 0 36 0 0 0 0 19 - - - 100 5.75 1.15 1000 Roger M. Morley 10/09 -1.7 800 225-2606 8 0 0 0 51 9 2 0 0 17 - - - 100 5.75 1.09 1000 Team Managed - - 800 225-2606 0 0 0 0 59 12 0 0 0 20 - - - - 5.75 0.34 1000 Camille Lee 9/18 - 800 225-2606 9 0 0 0 41 0 0 18 0 13 - - - 100 5.75 0.98 1000 Team Managed - - 800 225-2606 0 0 0 0 64 4 0 0 ▼ 0 20 - - - 100 5.75 1.28 Closed Team Managed - - 800 225-2606 0 0 0 0 ▲ 53 4 0 0 ▼ 0 21 - - - 100 5.50 1.21 15000 Team Managed - - 800 624-6782 11 0 0 0 68 0 0 0 0 11 - - - 99 None 1.02 0 George R. Evans 10/94 -3.6 800 542-6767 0 0 0 0 21 66 0 0 0 0 - - 12 88 None 1.10 2500 Robert J. Horrocks 4/09 -3.0 800 789-2742 0 0 0 0 ▲ 36 21 0 0 ▼ 0 0 - - - 100 None 1.18 2500 Michael J. Oh 1/07 -2.3 800 789-2742 0 9 0 0 85 0 0 0 0 0 - - - 100 None 0.52 2500 Mark C. Sodergren 1/17 -5.0 800 595-9111 5 0 0 3 17 0 1 18 0 17 - - - 100 5.75 1.22 3000 Team Managed - - 800 257-8787 0 0 0 10 55 8 0 0 0 0 - - - 100 None 0.98 1000 David G. Herro 9/92 -0.9 800 625-6275 0 0 0 3 32 0 0 0 33 0 - - - 100 None 1.38 1000 Team Managed - - 800 625-6275 0 0 0 16 56 ▼ 0 0 0 0 0 - - - 100 None 0.99 2500 Team Managed - - 888 263-5594 0 0 0 0 ▼ 73 0 0 0 0 ▲ 10 - - - 100 5.75 1.50 500 Team Managed - - 800 225-1581 10 0 0 0 48 13 0 0 0 15 - - - 100 5.75 1.37 500 R. Shepherd Perkins 12/19 - 800 225-1581 0 0 0 0 92 0 0 0 0 0 - - - 100 None 0.39 0 Team Managed - - 800 407-0256 21 0 0 0 ▼ 25 7 0 26 0 0 - - - 100 None 1.12 1000 Nicholas F. Kaiser 9/95 -0.8 800 728-8762 0 ▼ 10 0 0 5 ▼ 17 2 0 ▲ 24 0 - - - 100 None 1.42 2500 Ulle Adamson 4/15 3.5 800 225-5132 0 4 0 0 14 60 0 15 0 0 - - - 100 None 1.22 2500 Gonzalo Pangaro 9/08 1.1 800 225-5132 0 0 0 0 79 0 0 0 0 15 5 - - 96 None 0.97 2500 Dean Tenerelli 10/05 -1.4 800 225-5132 43 0 0 0 21 10 0 20 0 0 - - 0 100 None 0.82 2500 David J. Eiswert 10/12 1.8 800 225-5132

▲ 20 0 0 0 ▼ 53 9 2 0 0 0 - - - 100 None 1.20 2500 Justin Thomson 12/98 2.0 800 225-5132 8 0 4 0 57 25 0 ▼ 0 0 0 - - 0 100 None 0.80 2500 Richard Clattenburg 4/15 -5.0 800 225-5132 0 7 0 5 74 7 0 0 0 0 - - - 100 None 0.81 2500 Colin McQueen 7/19 - 800 225-5132 0 0 0 0 54 0 0 18 0 0 - - - 100 None 0.97 2500 M. Campbell Gunn 1/03 2.3 800 225-5132 0 ▼ 4 0 0 0 ▼ 8 0 ▲ 12 ▲ 20 0 - - - 100 None 1.27 2500 Verena Wachnitz 3/14 2.2 800 225-5132 0 0 0 0 7 81 0 0 0 0 - - - 100 None 0.94 2500 Anh Lu 6/14 -0.5 800 225-5132 0 8 0 0 86 3 0 0 0 0 - - - 100 None 0.81 2500 Raymond A. Mills 12/06 -3.2 800 225-5132 0 0 0 0 3 ▼ 35 0 0 ▲ 43 0 - - - 100 5.50 1.38 1000 Chetan Sehgal 4/17 2.0 800 342-5236 0 0 0 0 ▼ 21 6 0 0 35 0 - - - 100 5.50 1.08 1000 Team Managed - - 800 342-5236 0 ▼ 11 0 0 ▼ 13 0 0 0 ▲ 39 0 - - - 100 3.75 1.20 1000 Team Managed - - 800 342-5236 0 22 0 0 44 0 0 0 0 0 - - - 100 5.50 1.06 1000 Team Managed - - 800 342-5236 0 ▼ 14 0 0 ▼ 20 0 0 0 ▲ 32 0 - - - 100 5.50 1.05 1000 Team Managed - - 800 342-5236 0 0 0 13 32 35 0 0 0 0 - - - 100 4.50 1.31 5000 Brian J. McMahon 7/06 1.7 800 847-0200 0 0 0 0 41 14 0 0 0 18 - - - 100 4.50 1.26 5000 Lei Wang 2/06 -1.6 800 847-0200 35 22 0 2 35 5 0 0 0 0 - - - 98 4.50 1.01 2000 Team Managed - - 800 847-4836 10 34 8 0 29 13 0 0 0 0 - - - 100 5.00 1.17 2500 David Harris 5/15 -4.9 800 543-0407 0 0 0 0 67 13 2 0 0 0 - - - 100 5.00 1.30 2500 Andrew Boczek 9/12 -4.1 800 543-0407 0 15 0 0 47 0 0 18 0 0 - - - 100 None 1.36 2500 Team Managed - - 800 432-4789 5 39 0 0 43 0 0 0 0 0 - - - 95 None 1.35 2500 Team Managed - - 800 432-4789

▲ 10 14 22 ▲ 12 0 0 0 17 ▼ 0 0 - - - 96 None 0.28 5000 Frank E. Holmes 12/94 -1.7 800 873-8637 0 3 0 0 90 5 0 0 0 0 - - - 93 None 1.08 3000 Team Managed - - 800 531-8181 34 6 6 0 45 0 0 0 0 0 - - - 100 None 0.76 0 John Delano 3/17 -3.2 800 992-0180 27 0 0 0 18 0 0 ▼ 0 0 28 - - - 100 None 1.19 0 Team Managed - - 800 992-0180 1 5 0 0 87 0 1 0 6 0 - - - 100 None 0.07 3000 Christine D. Franquin 2/13 -4.1 800 662-7447 0 0 1 0 0 96 0 0 3 0 - - - 100 None 0.14 3000 Michael Perre 8/08 0.2 800 662-7447

- - - - - - - - - - - - - 100 None 0.23 3000 Christine D. Franquin 2/16 -1.9 800 662-7447 27 17 5 0 35 13 0 0 0 0 - - - 100 None 0.48 3000 Team Managed - - 800 662-7447 29 0 0 0 37 28 0 0 0 0 - - - 100 None 0.43 3000 Team Managed - - 800 662-7447 0 11 0 0 74 12 0 0 0 0 - - - 100 None 0.37 3000 Team Managed - - 800 662-7447 1 2 0 0 71 24 0 0 0 0 - - - 100 None 0.17 3000 Michael Perre 8/08 -1.0 800 662-7447 12 25 6 0 35 0 0 0 0 16 - - - 100 5.75 0.85 1000 Team Managed - - 800 992-0180 0 0 7 0 64 6 4 0 0 0 - - - 99 None 1.17 0 Louis J. Mendes 12/05 -2.1 888 492-6437 0 ▼ 27 0 0 21 0 0 0 33 0 - - - 100 None 1.10 2000 David Powers 8/13 -0.9 800 551-1700 0 0 0 0 ▼ 26 0 2 0 ▲ 20 15 - - - 100 None 1.46 2000 Team Managed - - 800 551-1700 0 0 0 0 6 4 1 0 ▼ 17 8 - - - 100 None 2.09 2000 Team Managed - - 800 551-1700 0 0 0 0 36 14 0 0 0 26 - - - 100 None 1.45 2500 Simon Fennell 5/13 -6.8 800 742-7272






2 8 F E B R U A R Y 2 0 2 0


American Century Utilities Inv (BULIX) UT/LV 19.74 ▲ 2 2 3 3.6 5.0 12.5 19.6 8.6 8.0 11.0 239.6 -41.1 2.7BlackRock Health Sciences Opps A (SHSAX) Y HL/LG 63.29 ▲ 2 3 3 -2.0 6.7 10.0 15.3 17.0 11.0 15.8 517.0 -26.6 0.3Calvert Global Water A (CFWAX) Y EN 21.98 3 3 3 -1.1 2.5 8.2 16.9 8.3 6.6 8.1 225.0 — 0.8Cohen & Steers Realty Shares L (CSRSX) RE/MB 66.90 3 3 3 1.1 0.1 8.3 20.4 11.2 7.4 12.9 529.8 -64.6 2.2Columbia Glb Energy & Nat Res inst (UMESX) EN/LB 16.04 5 5 4 -9.3 -2.1 -4.8 -5.3 -1.8 -0.5 0.7 67.8 -47.3 3.1Columbia Seligman Comm/Info A (SLMCX) Y TC/LG 80.22 2 5 1 0.2 11.3 15.4 37.0 21.1 19.3 16.6 603.7 -39.9 0.0Davis Financial A (RPFGX) Y FS/LB 47.52 3 ▼ 4 3 -3.7 3.4 6.3 13.6 8.1 9.8 10.7 414.4 -61.8 1.3Eaton Vance WW Health Sciences A (ETHSX) Y HL/LG 12.18 3 3 3 -1.6 6.9 10.8 16.2 14.2 6.6 13.1 333.0 -20.3 0.5Fidelity Real Estate Investment (FRESX) RE/MB 45.68 3 3 3 1.7 -0.4 6.5 14.4 9.0 6.4 13.0 556.5 -66.8 2.2Fidelity Select Banking (FSRBX) FS/LV 26.47 3 5 3 -6.6 1.8 3.6 12.1 5.0 10.3 10.4 428.3 -66.6 1.8Fidelity Select Biotechnology (FBIOX) HL/MG 21.11 4 5 3 -4.4 12.6 12.1 15.1 11.7 3.8 17.6 549.2 -25.4 0.1Fidelity Select Commun Equipment (FSDCX) TC/MG 33.76 4 4 3 -3.7 -2.0 -11.2 -4.6 6.7 6.4 8.6 327.7 -58.4 0.5Fidelity Select Consumer Staples (FDFAX) OT 87.18 3 3 3 -1.2 3.6 6.2 19.7 6.0 5.1 10.2 268.9 -32.5 1.7Fidelity Select Energy Portfolio (FSENX) EN/LV 31.46 5 5 4 -11.9 -3.8 -11.3 -13.8 -10.4 -5.0 0.1 77.1 -56.4 2.0Fidelity Select Energy Svcs (FSESX) EN/LG 20.46 5 5 5 -16.9 0.7 -19.1 -29.2 -26.3 -14.9 -7.3 -6.2 -64.5 2.4Fidelity Select Gold Portfolio (FSAGX) PM/LG 24.45 3 5 3 0.3 7.3 10.1 27.7 4.3 5.8 -2.6 -3.1 -29.4 0.3Fidelity Select IT Services (FBSOX) TC/LG 79.05 1 4 1 5.1 12.0 8.6 34.4 27.3 20.8 19.9 838.7 -38.8 0.0Fidelity Select Medcl Tech&Devices (FSMEX) HL/MG 60.34 2 4 1 0.3 9.1 8.5 19.6 21.3 17.0 17.4 606.9 -28.0 0.0Fidelity Select Natural Resources (FNARX) EN/LB 23.84 5 5 4 -9.9 -1.3 -5.5 -3.6 -6.5 -3.6 0.5 81.4 -55.3 1.2Fidelity Select Semiconductors (FSELX) TC/MG 12.24 2 5 1 -2.2 10.9 18.8 43.2 23.3 21.5 20.0 1022.9 -57.2 0.7Fidelity Select Technology (FSPTX) TC/LG 20.78 2 5 1 4.4 15.4 19.9 47.0 26.2 21.3 18.7 887.4 -59.3 0.2Fidelity Select Utilities (FSUTX) UT/LV 100.98 2 2 2 5.1 7.4 14.5 25.3 17.2 10.8 13.2 314.4 -45.1 1.8Fidelity Select Wireless (FWRLX) TC/LG 11.22 1 3 2 0.1 7.8 15.5 33.5 16.8 12.3 12.7 372.1 -53.3 1.0Fidelity Telecom/Utilities Fd (FIUIX) UT/LV 28.73 2 2 3 2.6 3.9 11.0 21.0 12.2 9.9 12.8 292.4 -44.6 2.4Franklin Gold & Prec Metals A (FKRCX) Y PM/MG 19.03 ▲ 3 5 3 -2.2 8.9 14.1 34.1 1.7 6.2 -3.1 14.7 -37.7 0.0Franklin Natural Resources A (FRNRX) Y EN/LB 19.04 5 5 4 -12.4 -0.7 -10.1 -15.2 -10.2 -5.7 -3.2 34.7 -54.9 1.8Franklin Utilities A1 (FKUTX) Y UT/LV 23.41 2 ▼ 3 3 6.1 7.9 15.4 27.6 14.8 10.4 12.9 293.6 -34.8 2.1Gabelli Gold AAA (GOLDX) PM/LG 16.64 3 5 3 -0.4 7.5 11.1 30.5 4.2 7.0 -0.4 28.7 -35.6 0.8Gabelli Utilities AAA (GABUX) UT/MV 9.00 3 2 3 2.6 4.2 7.8 15.0 8.6 7.1 9.2 206.5 -33.5 8.3Hennessy Gas Utility Investor (GASFX) UT/LV 29.36 3 2 3 2.6 4.6 7.9 15.5 7.7 5.4 11.7 303.2 -38.6 1.8ICON Consumer Staples S (ICLEX) OT 6.52 ▼ 5 3 4 -3.8 0.7 -0.3 4.9 1.9 3.9 9.2 301.1 -50.3 1.6ICON Energy S (ICENX) EN/LV 8.43 5 5 5 -13.1 -6.6 -12.2 -17.6 -13.5 -8.0 -2.8 18.7 -42.4 0.3Invesco Energy Inv (FSTEX) EN/LB 16.27 5 5 5 -11.6 -2.7 -12.4 -18.9 -14.2 -10.8 -4.9 2.5 -49.1 0.0Invesco Global Real Estate Inc A (ASRAX) Y RE/MV 9.31 3 2 4 1.0 1.5 5.7 11.1 7.4 4.5 8.1 257.5 -51.7 5.1Invesco Gold & Prec Met Inv (FGLDX) PM/LG 4.47 ▲ 3 5 3 -0.7 6.9 10.4 24.5 -0.7 3.1 -2.4 9.2 -33.9 0.0Invesco Health Care Investor (GTHIX) HL/LG 40.66 3 4 3 -3.1 9.2 11.8 18.5 12.9 6.0 11.9 342.2 -35.5 0.2InvescoOppen Gold&Spec Min A (OPGSX) Y PM/MG 20.46 3 5 3 -2.2 6.2 9.3 29.8 7.5 8.6 -1.4 40.9 -45.9 0.3Ivy Natural Resources A (IGNAX) Y EN/LB 11.69 5 5 5 -8.8 -2.2 -7.3 -10.5 -8.4 -5.0 -3.6 28.0 -63.0 1.8JPMorgan Realty Income A (URTAX) Y RE/MB 14.42 3 3 3 1.3 -0.9 8.1 17.8 8.3 4.8 11.8 462.8 -66.8 1.2Janus Henderson Global Life Sci D (JNGLX) HL/LG 59.59 3 4 3 -2.8 9.7 8.7 15.2 15.6 7.9 16.6 570.3 -35.9 0.8Live Oak Health Sciences (LOGSX) HL/LB 18.76 4 4 4 -2.7 4.3 11.7 7.1 7.1 5.9 11.6 361.5 -33.1 0.8MFS Utilities C (MMUCX) UT/LV 23.53 2 2 3 4.0 5.7 12.2 21.8 12.6 6.8 9.9 251.0 -45.5 1.5PGIM Jennison Health Sciences Z (PHSZX) HL/MG 48.07 ▲ 4 5 3 -2.1 8.9 2.6 3.9 11.6 5.0 16.7 579.5 -34.3 0.0PGIM Jennison Natural Resources A (PGNAX) Y EN/LG 28.78 5 5 4 -9.1 0.2 -5.5 -6.4 -8.0 -4.5 -3.1 35.8 -56.2 1.8PGIM Jennison Utility A (PRUAX) Y UT/MV 16.60 2 2 3 5.7 8.8 16.1 27.3 14.9 9.2 13.2 357.2 -54.6 1.4Putnam Global Health Care A (PHSTX) Y HL/LG 55.11 3 3 3 -2.3 8.9 15.3 19.1 12.3 6.3 11.9 331.1 -27.6 0.3Sprott Gold Equity Inv (SGDLX) PM/MG 40.83 4 5 3 -1.9 5.4 6.5 23.8 1.7 2.9 -1.9 34.7 -37.7 0.0T. Rowe Price Comm & Tech Investor (PRMTX) TC/LG 127.57 2 4 1 3.1 9.4 8.9 23.2 19.3 17.1 18.0 782.3 -54.0 0.0T. Rowe Price Health Sciences (PRHSX) HL/MG 79.24 3 5 3 -2.7 8.6 8.3 12.6 15.8 9.6 18.7 738.9 -35.7 0.1T. Rowe Price New Era (PRNEX) EN/LG 31.89 5 4 4 -7.3 -0.2 -2.1 -0.9 -0.1 0.9 2.1 108.3 -54.9 2.2T. Rowe Price Real Estate (TRREX) RE/MB 25.86 ▲ 3 3 3 0.6 -0.3 4.6 10.0 5.7 4.2 11.6 477.7 -66.9 2.5T. Rowe Price Science & Tech Fd (PRSCX) TC/LG 43.55 2 5 1 0.9 9.0 13.0 28.2 21.0 18.7 17.1 707.0 -51.7 0.7US Global Inv Global Resources (PSPFX) EN/LV 4.33 5 ▼ 4 4 -6.1 2.2 -3.2 -4.2 -5.0 -4.6 -3.8 19.6 -65.3 1.9US Global Inv World Prec Mnrls (UNWPX) PM/MG 3.28 4 5 3 -0.9 6.8 6.1 11.2 -11.4 1.9 -7.5 -22.8 -56.2 0.0USAA Precious Metals&Minerals (USAGX) PM/LG 16.55 3 5 3 -0.7 4.9 11.0 30.0 5.7 5.0 -3.2 6.9 -30.6 0.0Van Eck Intl Investors Gold A (INIVX) Y PM/MG 10.19 3 5 3 0.3 6.1 8.5 28.2 4.4 6.1 -1.3 24.6 -33.4 3.4Vanguard Global Capital Cycles Inv (VGPMX) PM/MG 7.97 5 ▲ 4 4 -4.3 0.3 2.8 7.3 -8.0 -2.0 -5.9 6.1 -64.0 2.4Vanguard Real Estate Index Inv (VGSIX) RE/MB 31.21 3 3 3 1.2 0.7 7.6 16.6 8.6 5.8 12.5 503.1 -64.5 3.0Wells Fargo Precious Metals A (EKWAX) Y PM/LG 43.65 3 5 3 -0.6 4.7 9.3 29.3 5.5 5.2 -1.8 11.7 -29.6 0.1Wells Fargo Utility & Telecom A (EVUAX) Y UT/MV 24.14 2 2 3 5.1 7.5 13.2 27.8 15.9 10.2 11.9 261.6 -38.8 1.1

SPECIAL EQUITY







F E B R U A R Y 2 0 2 0 2 9

0 0 0 4 5 0 0 12 0 9 - - - 100 None 0.67 2500 Yulin Long 12/10 2.4 800 345-2021 7 7 16 0 12 0 0 0 0 21 - - - 100 5.25 1.12 1000 Erin Xie 7/03 5.3 800 441-7762 0 0 9 21 ▲ 47 6 2 0 0 ▼ 0 - - - 100 4.75 1.25 1000 Thomas C. Seto 12/16 10.7 800 368-2745 0 0 6 0 2 0 0 9 0 14 - - - 100 None 0.97 10000 Team Managed - - 800 330-7348 0 62 0 0 0 9 0 0 0 0 - - - 96 None 1.08 0 Josh Kapp 7/11 -14.5 800 345-6611 51 0 0 12 ▲ 22 ▼ 0 0 0 0 0 - - - 100 5.75 1.24 2000 Team Managed - - 800 345-6611 0 ▼ 73 0 0 ▲ 11 0 0 0 0 0 - - - 100 4.75 0.94 1000 Christopher Davis 1/14 0.9 800 279-0279 13 0 13 0 19 0 2 0 0 19 - - - 100 5.75 1.09 1000 Jason Kritzer 7/16 -6.4 800 262-1122

- - - - - - - - - - - - - 100 None 0.74 0 Steve Buller 12/97 -0.2 800 544-6666 0 ▲ 79 0 ▼ 0 0 0 0 0 0 0 - - - 100 None 0.78 0 Matt Reed 9/16 -3.3 800 544-6666 0 0 ▼ 43 0 0 0 0 0 0 0 - - 1 99 None 0.72 0 Rajiv Kaul 10/05 1.3 800 544-6666 0 ▼ 28 17 0 0 0 0 0 0 0 - - - 100 None 0.81 0 Caroline Tall 8/18 - 800 544-6666 0 14 0 0 7 0 0 ▼ 0 0 19 - - - 100 None 0.76 0 Nicola Stafford 11/19 - 800 544-6666 0 54 0 0 0 0 0 0 0 0 - - - 100 None 0.81 0 Maurice Fitzmaurice 1/20 - 800 544-6666 0 ▼ 13 0 8 0 0 0 0 ▲ 23 0 - - - 100 None 0.88 0 Maurice FitzMaurice 9/18 - 800 544-6666 0 0 0 0 0 0 96 0 0 0 - - - 100 None 0.79 0 Steven Calhoun 9/18 - 800 544-6666 50 0 0 0 0 0 0 0 0 27 - - - 100 None 0.73 0 Daniel Sherwood 10/15 5.4 800 544-6666 15 0 15 0 11 0 0 0 0 24 - - 1 99 None 0.72 0 Edward L. Yoon 5/07 6.0 800 544-6666 0 47 0 0 0 0 6 0 0 0 - - - 100 None 0.82 0 Nathan Strik 10/17 -14.9 800 544-6666 23 27 0 ▼ 0 ▲ 13 10 0 0 0 0 - - - 100 None 0.73 0 Stephen Barwikowski 1/09 1.9 800 544-6666 92 0 0 0 0 0 0 0 0 0 - - 0 100 None 0.71 0 Nidhi Gupta 7/18 - 800 544-6666 0 0 0 4 4 0 1 16 0 5 - - - 100 None 0.75 0 Douglas Simmons 10/06 3.4 800 544-6666

▲ 37 23 0 0 14 0 0 ▼ 0 0 0 - - - 100 None 0.81 0 Matthew Drukker 10/16 2.4 800 544-6666 0 0 0 6 7 0 0 17 0 6 - - - 100 None 0.77 0 Douglas Simmons 9/05 2.8 800 544-6666 0 0 0 0 18 0 ▲ 69 ▼ 0 0 0 - - 0 100 5.50 0.98 1000 Steve Land 4/99 -4.8 800 342-5236 0 ▼ 27 0 0 0 0 2 0 ▲ 28 0 - - - 100 5.50 1.11 1000 Team Managed - - 800 342-5236 0 0 0 3 4 0 1 13 0 9 - - - 100 3.75 0.73 1000 John Kohli 12/98 3.0 800 342-5236 0 0 0 0 11 0 ▲ 84 ▼ 0 0 0 - - - 100 None 1.59 1000 Caesar M.P. Bryan 7/94 -10.2 800 422-3554 0 0 0 8 7 0 1 15 0 10 - - 0 100 None 1.37 1000 Mario J. Gabelli 1/02 1.3 800 422-3554 0 0 0 6 7 0 1 15 0 9 - - - 100 None 1.00 2500 Ryan Kelley 3/13 0.0 800 966-4354 13 0 0 7 14 0 0 ▼ 0 0 19 - - - 100 None 1.50 1000 Team Managed - - 800 828-4881 0 ▼ 58 0 0 0 0 0 0 0 0 - - - 100 None 1.50 1000 Team Managed - - 800 828-4881 0 54 0 0 0 0 0 0 0 0 - - - 100 None 1.43 1000 Norman MacDonald 2/13 -27.6 800 959-4246 0 0 2 3 9 0 1 12 0 18 - - 0 100 5.50 1.25 1000 Team Managed - - 800 959-4246 0 0 0 0 0 0 90 0 0 0 - - - 93 None 1.52 1000 Norman MacDonald 2/13 -38.0 800 959-4246 0 0 37 0 21 0 3 ▼ 0 0 0 - - - 100 None 1.08 1000 Henry Wu 2/17 -4.1 800 959-4246 0 ▲ 13 0 ▼ 0 0 7 73 0 0 0 - - - 100 5.50 1.17 1000 Shanquan Li 7/97 -7.0 800 959-4246 0 57 0 0 0 9 2 0 0 0 - - - 100 5.75 1.78 750 David P. Ginther 7/13 -19.0 800 777-6472 0 0 6 0 0 0 0 10 0 11 - - - 100 5.25 1.18 1000 Jason Ko 8/09 -0.3 800 480-4111 0 9 35 0 13 0 5 ▼ 0 0 0 - - 0 100 None 0.82 Closed Andrew Acker 5/07 4.3 800 525-3713 0 17 13 0 9 0 0 ▼ 0 0 21 - - - 100 None 1.05 2000 Mark W. Oelschlager 1/19 - 330 668-1234 0 0 0 5 10 0 1 27 0 ▼ 8 - - 3 97 None 1.74 1000 Team Managed - - 800 225-2606 0 0 ▼ 20 0 4 0 2 ▼ 0 ▲ 25 0 - - - 100 None 0.86 0 David Chan 6/99 6.1 800 225-1852 0 41 0 8 0 9 6 0 0 0 - - - 100 5.50 1.35 1000 John Jay Saunders 7/06 -14.3 800 225-1852 0 0 4 0 7 0 1 17 0 11 - - - 100 5.50 0.83 1000 Team Managed - - 800 225-1852 7 0 15 0 16 0 2 0 0 17 - - - 100 5.75 1.09 500 Michael Maguire 11/16 -3.5 800 225-1581 0 0 0 0 0 0 ▲ 93 0 0 ▼ 0 - - - 100 None 1.49 1000 John Hathaway 6/98 -2.7 800 697-3863 58 0 0 0 0 0 0 0 0 24 - - 2 98 None 0.76 2500 Paul D. Greene 5/13 3.0 800 225-5132 0 9 37 0 12 0 4 ▼ 0 0 0 - - 2 98 None 0.77 2500 Ziad Bakri 4/16 -4.7 800 225-5132 0 56 0 0 7 9 4 0 0 0 - - 2 98 None 0.70 2500 Shawn Driscoll 9/13 -15.5 800 225-5132

- - - - - - - - - - - - - 100 None 0.78 2500 Nina P. Jones 1/19 - 800 225-5132 48 0 0 9 9 22 0 0 0 0 - - 2 98 None 0.79 2500 Kennard W. Allen 1/09 2.7 800 225-5132 0 28 0 0 0 22 9 0 0 0 - - - 98 None 0.12 5000 Frank E. Holmes 6/99 -2.0 800 873-8637 0 0 0 8 0 0 ▼ 15 0 ▲ 24 ▲ 15 - - - 95 None 0.05 5000 Frank E. Holmes 6/99 -8.7 800 873-8637 3 0 0 0 0 0 69 24 0 0 - - - 99 None 1.31 3000 Dan Denbow 10/08 -24.4 800 531-8181 0 0 0 0 0 0 94 0 0 0 - - - 100 5.75 1.45 1000 Joseph M. Foster 12/98 -6.2 800 826-1223 0 16 0 12 28 17 10 0 0 0 - - - 100 None 0.38 3000 Keith E White 7/18 - 800 662-7447 0 0 5 0 2 0 0 9 0 11 - - - 100 None 0.26 3000 Gerard C. O’Reilly 5/96 0.0 800 662-7447 0 0 0 0 0 0 98 0 0 0 1 - - 99 5.75 1.22 1000 Michael P. Bradshaw 6/07 -13.8 800 359-3379 0 0 4 0 6 0 1 15 0 9 1 - - 99 5.75 1.19 1000 Jack Spudich 10/19 - 800 359-3379

SPECIAL EQUITY






3 0 F E B R U A R Y 2 0 2 0


AB All Market Total Return A (ABWAX) Y AA/LB 15.88 3 2 4 0.2 2.7 4.7 12.6 6.4 5.0 6.5 172.5 -43.2 2.0AB Conservative Wealth Strategy A (ABPAX) Y AA/LB 12.63 3 1 4 0.4 2.4 4.1 10.0 5.2 3.8 4.6 97.7 -26.3 3.0AXS Muti Strategy Alternatives R1 (KCMTX) FL/MU 11.20 4 3 3 -0.2 1.6 -2.2 2.8 7.9 6.0 5.1 109.7 — 0.0American Century Balanced Inv (TWBIX) BA/LV 19.22 ▼ 3 2 3 0.5 3.8 5.2 14.4 8.9 6.7 8.9 199.8 -30.1 1.3Berwyn Income Fund (BERIX) FL/MV 13.41 3 1 4 0.4 1.9 3.4 6.9 4.1 3.6 5.8 132.4 -12.0 3.1BlackRock Global Allocation C (MCLOX) AA/GL 17.13 ▲ 3 2 5 0.1 3.6 6.3 10.8 5.7 3.9 5.0 112.6 -30.0 0.4Columbia Balanced Inst (CBALX) BA/LB 43.81 2 2 3 0.7 5.2 7.3 17.3 9.7 7.6 9.7 245.8 -30.8 1.6Dodge & Cox Balanced Fund (DODBX) BA/LB 99.91 2 2 3 -1.7 3.4 4.7 11.0 7.5 8.1 10.2 303.8 -45.8 2.2Eaton Vance Global Income Build A (EDIAX) Y AA/GL 9.56 2 2 4 -0.7 4.7 7.1 15.7 8.4 7.0 7.7 173.4 -47.3 3.2FPA Crescent Fund (FPACX) BA/LB 33.66 4 2 3 -0.5 4.5 3.6 10.7 6.4 6.1 8.0 194.8 -25.5 2.2Federated Capital Income Fund A (CAPAX) Y AA/LV 8.05 ▲ 3 2 5 0.0 3.2 4.3 10.3 5.3 3.7 6.1 140.5 -26.3 3.5Fidelity Asset Manager 20% (FASIX) BA/LB 13.74 3 1 4 0.9 2.4 4.3 8.8 5.2 4.0 4.8 94.8 -16.8 2.0Fidelity Asset Manager 50% (FASMX) AA/LB 18.70 3 2 4 0.4 4.3 6.3 13.0 7.9 6.3 7.6 187.9 -34.8 1.6Fidelity Balanced Fund (FBALX) BA/LB 24.82 1 2 3 0.9 6.1 8.3 17.7 11.2 8.8 10.3 269.7 -40.5 1.5Fidelity Freedom Income (FFFAX) AA/LB 11.77 3 1 4 0.4 2.0 3.8 8.7 5.3 4.2 4.7 89.4 -16.2 1.8Fidelity Puritan Fund (FPURX) BA/LG 22.97 2 2 2 1.0 5.8 7.3 15.9 10.8 8.5 10.2 260.8 -37.9 1.4Franklin Conservative Allocation A (FTCIX) Y AA/LG 14.16 3 1 ▲ 4 0.6 3.1 3.9 9.2 6.3 4.5 5.4 110.7 -21.9 2.1Franklin Corefolio Allocation A (FTCOX) Y AA/LB 20.04 ▲ 2 3 2 0.0 6.3 7.2 15.7 10.8 8.7 10.5 317.2 -51.8 0.9Franklin Founding Fds Alloc A (FFALX) Y AA/LV 14.10 5 3 4 -2.3 2.4 4.4 7.3 4.3 4.6 7.3 210.5 -51.3 2.9Goldman Sachs Income Builder A (GSBFX) Y BA/LV 24.15 3 1 4 0.6 2.8 5.2 14.2 7.0 5.5 7.8 195.9 -34.6 3.2Guidestone Defensive Mkt Strat Inv (GDMZX) AA/MU 13.29 2 2 3 0.2 3.6 4.9 14.0 9.0 8.5 — — — 0.9Hartford Checks and Balances A (HCKAX) Y AA/LV 9.41 2 2 3 0.1 3.9 5.8 16.2 10.0 8.0 9.1 234.9 -38.1 2.3Invesco Oppenheimer Fundl Alts A (QVOPX) Y AA/MU 27.09 4 1 5 0.5 3.0 2.6 5.6 2.3 1.7 2.9 55.5 -23.4 1.9Ivy Asset Strategy C (WASCX) FL/LG 20.23 3 2 3 -0.2 3.7 5.2 14.3 9.6 2.8 4.9 94.4 -25.4 1.4Ivy Balanced Fund A (IBNAX) Y BA/LG 24.16 ▲ 2 2 ▲ 3 -1.1 4.0 5.6 14.2 8.6 6.0 8.8 195.6 -29.2 1.2J Hancock Balanced A (SVBAX) Y BA/LG 21.46 2 2 3 0.4 3.9 5.7 14.7 9.1 7.2 8.6 199.9 -30.9 1.4J Hancock MultMgr LifestyleAggr1 (JILAX) AA/LB 14.07 3 3 2 -1.6 4.7 5.8 13.5 10.0 8.1 9.7 300.6 -53.7 1.4JHancock Lifestyle MultiMgr Grow 1 (JILGX) AA/LG 14.17 3 2 3 -1.0 4.2 5.4 12.7 8.9 7.3 8.9 256.7 -47.3 1.8JPMorgan Diversified A (JDVAX) Y BA/LB 16.14 3 2 4 -0.1 3.7 5.5 13.0 8.2 6.2 8.3 211.6 -36.0 1.7JPMorgan Investor Balanced Fund A (OGIAX) Y BA/LB 14.95 3 2 4 0.3 3.5 5.2 11.6 7.4 6.0 7.2 161.6 -27.1 1.7JPMorgan Investor Conserv Gr A (OICAX) Y AA/LB 12.67 3 1 4 0.8 2.6 4.3 9.9 6.0 4.6 5.5 109.2 -16.7 2.0James Balanced: Golden Rainbow Ret (GLRBX) BA/LV 21.30 4 1 5 -0.1 2.2 3.8 7.6 1.9 1.6 5.4 101.7 -16.3 1.1Janus Henderson Balanced S (JABRX) BA/LG 37.14 1 2 3 1.1 5.6 8.0 18.3 12.6 9.0 9.4 200.2 -21.0 1.3Janus Henderson Glob Alloc Mod D (JNSMX) AA/GL 12.78 4 2 5 -0.5 2.6 4.2 9.5 6.9 4.7 6.5 160.6 -31.9 1.1MFS Conservative Alloc A (MACFX) Y AA/LG 16.32 3 1 4 0.7 3.2 4.9 13.0 7.7 5.8 6.6 145.9 -23.0 2.0MainStay Balanced A (MBNAX) Y BA/LV 30.91 4 2 4 -0.6 2.2 3.2 8.4 5.0 4.6 8.2 202.1 -34.9 1.4Mairs & Power Balanced Fund (MAPOX) BA/LV 98.95 2 2 3 -0.8 3.7 5.0 14.4 8.9 7.5 9.7 253.9 -32.8 2.0Manning & Napier Pro-Bl Mod Term S (EXBAX) AA/LG 13.88 3 1 4 1.2 3.7 5.7 13.2 7.1 4.4 5.9 125.2 -26.4 1.1Meeder Conserv Alloc Retail (FLRUX) AA/LB 22.97 3 1 4 0.5 2.4 3.5 8.7 5.2 3.2 7.3 183.6 -45.4 2.0PIMCO All Asset A (PASAX) Y AA/VL 11.71 3 1 4 -1.5 1.1 2.4 5.3 4.9 3.8 4.7 117.9 -23.4 2.8Pioneer Flexible Opportunities A (PMARX) Y AA/LB 12.31 4 3 4 0.2 3.7 4.9 8.9 8.5 5.8 — — — 2.1Putnam Dynamic Asset Alloctn Gr Y (PAGYX) AA/LB 16.70 3 3 3 -0.5 3.8 4.9 11.6 8.8 7.3 10.0 299.1 -49.4 1.7QS Conservative Growth A (SBBAX) Y AA/LB 14.33 3 2 4 -0.7 2.9 4.6 10.1 6.9 5.7 7.4 195.5 -36.2 1.9State Farm Balanced Fund (STFBX) BA/LB 74.88 2 2 3 -1.0 4.0 5.8 15.6 8.4 7.0 7.7 162.4 -24.8 2.3T. Rowe Price Balanced Fd (RPBAX) BA/LB 24.97 2 2 3 0.1 4.1 6.5 14.1 9.9 7.7 9.2 239.0 -37.8 1.9T. Rowe Price Retirement 2020 (TRRBX) AA 22.07 3 2 3 -0.1 3.8 5.5 13.0 8.8 7.1 8.9 248.0 -43.7 2.0T. Rowe Price Spectrum Growth (PRSGX) AA/LG 23.13 2 3 1 -0.7 5.8 6.8 15.7 12.1 9.7 11.5 374.0 -52.8 1.2T. Rowe Price Spectrum Moderate Gr (TRSGX) AA/LG 35.72 1 2 1 -0.5 4.4 6.0 14.2 11.0 8.7 10.6 322.1 -48.2 1.3TETON Westwood Balanced Fd AAA (WEBAX) BA/LV 11.39 2 2 3 0.7 3.9 6.0 14.3 9.2 7.3 8.2 170.4 -30.9 1.0Thornburg Investment Inc Builder A (TIBAX) Y AA/GL 22.17 3 2 ▲ 4 -1.9 1.9 6.2 10.9 7.5 5.1 6.5 188.6 -45.6 4.1USAA Cornerstone Mod Aggressive Fd (USCRX) BA/LB 25.49 3 2 5 -1.0 2.0 4.4 9.2 6.3 4.2 5.9 175.0 -46.0 1.5USAA Growth & Tax Strategy (USBLX) BA/LB 22.08 2 1 3 0.9 4.3 6.1 15.0 9.6 7.5 8.9 198.0 -31.1 1.8Vanguard Balanced Index Inv (VBINX) BA/LB 39.55 2 2 3 0.8 4.8 6.9 16.2 10.2 8.3 9.8 236.6 -32.6 2.0Vanguard LifeStrategy Growth Inv (VASGX) AA/LB 35.89 1 2 2 -0.7 4.2 6.7 14.6 9.9 8.0 9.6 266.2 -47.6 2.2Vanguard LifeStrategy Income Inv (VASIX) AA/LB 16.43 3 1 4 1.4 2.3 4.6 10.9 6.2 4.4 5.2 94.9 -15.4 2.5Vanguard LifeStrategy Mod GrowthInv (VSMGX) AA/LB 28.87 3 2 3 0.0 3.6 6.0 13.4 8.7 6.9 8.2 200.0 -37.9 2.3Vanguard Target Retiremt Income Inv (VTINX) AA/LB 14.16 3 1 4 0.8 2.6 4.6 10.7 6.3 4.8 5.9 114.6 -16.5 2.4Vanguard Tax-Managed Balanced Adm (VTMFX) BA/LB 34.56 2 1 3 0.9 4.4 5.7 14.1 9.3 7.6 8.8 191.4 -25.2 1.9Vanguard Wellesley Income Inv (VWINX) FL/VL 27.67 2 1 3 1.3 3.1 6.1 14.2 8.1 6.6 7.7 164.8 -18.9 2.7Vanguard Wellington Inv (VWELX) BA/LV 43.53 2 2 3 0.3 4.1 7.7 17.7 10.5 8.9 10.1 255.0 -32.5 2.3

PARTIAL EQUITY







F E B R U A R Y 2 0 2 0 3 1

9 8 0 3 7 7 0 44 ▼ 0 10 - - - 89 4.25 0.96 2500 Daniel J. Loewy 8/13 0.1 800 221-5672 8 5 0 4 12 5 0 33 ▼ 0 21 - - - 62 4.25 1.05 2500 Daniel Loewy 8/13 0.2 800 221-5672

▲ 56 ▲ 20 0 0 ▼ 0 0 0 ▼ 0 0 0 - - - 93 None 1.55 1000 Martin L. Kerns II 8/08 1.9 713 993-0949 31 17 0 0 4 0 0 8 0 35 - - - 100 None 0.90 2500 Team Managed - - 800 345-2021 0 4 0 7 6 0 0 ▼ 14 15 18 - - - 100 None 0.64 1000 Team Managed - - 610 296-1400 14 13 0 0 27 3 1 14 0 23 - - - 99 None 1.82 1000 Team Managed - - 800 441-7762 29 23 0 0 7 0 0 16 0 20 - - - 98 None 0.70 0 Team Managed - - 800 345-6611 4 ▼ 65 0 0 0 0 0 0 ▲ 21 0 - - - 100 None 0.53 2500 Team Managed - - 800 621-3979 13 14 0 0 32 0 0 12 26 0 - - - 99 5.75 1.24 1000 Team Managed - - 800 262-1122 17 41 0 6 10 14 0 0 0 0 - - 0 99 None 1.19 1500 Team Managed - - 800 982-4372 4 ▼ 23 0 0 5 0 0 7 ▲ 29 ▼ 19 - - 6 39 5.50 0.88 1500 Team Managed - - 800 341-7400 5 3 2 0 7 4 0 17 12 39 - - - - None 0.51 0 Geoffrey D. Stein 6/09 2.1 800 544-6666 11 11 3 0 12 5 0 17 11 26 - - - - None 0.63 0 Geoffrey D. Stein 6/09 2.1 800 544-6666 29 23 3 0 10 0 0 16 0 16 - - - 87 None 0.53 0 Team Managed - - 800 544-6666 0 2 2 0 8 5 0 10 18 34 - - - - None 0.47 0 Andrew Dierdorf 6/11 1.3 800 544-6666 43 9 0 0 10 0 1 17 0 16 - - 1 99 None 0.53 0 Daniel Kelley 7/18 - 800 544-6666 15 6 6 0 15 6 0 10 0 35 - - - - 5.50 0.63 1000 Thomas A. Nelson 1/12 -1.1 800 342-5236 32 26 13 0 20 0 0 0 0 6 - - - - 5.50 0.44 1000 Mary Tong 2/19 - 800 342-5236 0 28 0 6 18 4 0 0 34 0 - - - - 5.50 0.42 1000 Team Managed - - 800 342-5236 6 13 0 0 5 0 0 15 23 28 - - - 87 5.50 0.95 1000 Team Managed - - 800 526-7384 21 21 10 0 11 0 0 20 ▼ 0 11 - - 33 65 None 0.93 1000 Team Managed - - 888 984-8433 22 26 0 0 5 0 0 18 0 21 - - - - 5.50 0.39 2000 Vernon J. Meyer 6/07 2.5 888 843-7824 13 8 0 0 0 0 3 16 0 0 - - - 88 5.75 1.38 1000 Michelle Borré 11/11 0.0 800 959-4246 12 5 0 0 25 8 0 14 ▲ 11 17 - - - 100 None 1.89 750 F. Chace Brundige 8/14 -6.9 800 777-6472 15 ▼ 27 0 3 6 4 0 9 ▲ 17 11 - - - 100 5.75 1.10 750 Team Managed - - 800 777-6472 23 25 0 0 8 0 0 ▼ 0 ▲ 11 27 - - - 100 5.00 1.07 1000 Team Managed - - 800 225-5291 24 23 9 0 25 12 1 ▼ 0 0 5 - - - - None 0.13 0 Nathan Thooft 5/13 0.3 800 225-5291 20 19 8 0 23 9 1 7 0 10 - - - - None 0.14 0 Nathan Thooft 5/13 -1.8 800 225-5291 17 10 0 2 13 6 0 11 ▲ 16 21 - - 5 90 4.50 1.00 1000 Jeffrey A. Geller 2/19 - 800 480-4111 15 13 4 0 14 2 0 14 ▲ 15 22 - - - - 4.50 0.52 500 Team Managed - - 800 480-4111 10 8 0 2 12 0 0 0 15 47 - - - - 4.50 0.52 500 Team Managed - - 800 480-4111 8 25 0 0 11 0 0 13 0 31 - - - 98 None 1.06 2000 Team Managed - - 888 995-2637 32 22 0 0 5 0 0 13 ▼ 0 21 - - - 100 None 1.07 2500 Team Managed - - 800 525-3713 6 9 6 0 22 8 0 19 0 21 - - - - None 0.26 Closed Enrique Chang 1/14 0.0 800 525-3713 11 6 2 0 12 0 0 16 13 31 - - - - 5.75 0.33 1000 Joseph Flaherty 6/02 0.6 800 225-2606 4 40 5 6 3 0 1 0 0 35 - - - 95 5.50 1.12 15000 Team Managed - - 800 624-6782 12 44 4 0 7 0 0 0 ▼ 0 24 - - - 100 None 0.72 2500 Kevin V. Earley 1/15 2.1 800 304-7404 24 0 0 0 10 0 1 10 0 41 - - - 99 None 1.09 2000 Team Managed - - 800 466-3863 12 12 0 0 5 1 1 15 14 33 - - - 28 None 1.27 2500 Team Managed - - 800 325-3539 0 0 0 3 5 18 0 0 13 35 - - - - 3.75 0.53 1000 Robert D. Arnott 7/02 -0.2 866 746-2602 10 0 16 0 21 14 0 0 0 22 - - - 96 4.50 1.20 1000 Team Managed - - 800 225-6292 23 28 8 0 19 0 0 0 ▼ 0 20 - - 0 100 None 0.81 0 Team Managed - - 800 225-1581 14 20 0 9 13 6 1 0 0 31 - - - - 5.75 0.47 1000 Team Managed - - 800 822-5544 15 28 0 0 12 0 0 21 0 12 - - - 100 None 0.13 250 Paul Eckley 1/91 0.9 800 447-4930 27 12 0 0 24 2 0 9 0 23 - - 0 92 None 0.56 2500 Charles M. Shriver 5/11 2.4 800 225-5132 17 17 3 0 17 6 0 11 0 26 - - - - None 0.59 2500 Team Managed - - 800 225-5132 31 19 9 0 22 6 0 11 0 0 - - - - None 0.77 2500 Charles Shriver 5/11 -0.5 800 225-5132 27 12 3 0 23 7 0 14 0 12 - - 0 82 None 0.63 2500 Charles M. Shriver 5/11 0.1 800 225-5132 7 18 3 0 4 0 0 25 0 25 - - - 100 None 1.37 1000 Team Managed - - 914 457-1070 0 ▼ 8 0 0 ▼ 20 9 0 0 ▲ 26 9 - - - 100 4.50 1.13 5000 Team Managed - - 800 847-0200 11 18 0 0 24 5 2 10 0 27 - - 0 36 None 0.98 500 Team Managed - - 800 531-8181 26 24 0 0 3 0 0 29 0 13 - - - 100 None 0.60 3000 Team Managed - - 800 531-8181 23 21 4 2 6 0 0 11 0 32 - - - 100 None 0.18 3000 Team Managed - - 800 662-7447 19 20 4 0 26 6 0 13 0 11 - - - - None 0.14 3000 Team Managed - - 800 662-7447 7 0 0 3 8 0 0 22 8 42 - - - - None 0.11 3000 Team Managed - - 800 662-7447 15 12 2 2 19 4 0 17 5 23 - - - - None 0.13 3000 Team Managed - - 800 662-7447 7 5 2 2 11 1 0 19 13 35 - - - - None 0.12 1000 Walter Nejman 2/13 1.4 800 662-7447 33 26 0 0 0 0 0 31 0 7 - - - 100 None 0.09 10000 Team Managed - - 800 662-7447 6 13 0 0 7 0 0 11 ▼ 0 50 - - - 100 None 0.23 3000 Team Managed - - 800 662-7447 11 25 0 0 12 0 0 16 0 28 - - - 100 None 0.26 3000 Team Managed - - 800 662-7447

PARTIAL EQUITY

Value Line Rankings Total Return Through 1/31/20





3 2 F E B R U A R Y 2 0 2 0

T H E V A L U E L I N E F U N D A D V I S O R P L U S TAXABLE BOND

AMG GW&K Core Bond ESG I (MBDFX) DB/IT 10.70 3 ▼ 4 3 2.2 2.1 4.4 10.6 4.8 2.3 3.3 63.3 -0.9 2.3Aberdeen Total Return Bond Fund A (BJBGX) CG/IT 13.79 3 3 3 2.0 1.9 4.0 9.6 4.4 2.9 3.9 63.6 0.2 2.5American Century Sh-Term Govt Inv (TWUSX) GS/ST 9.59 ▼ 5 1 5 0.6 0.7 1.4 3.3 1.5 0.9 0.9 11.6 6.7 1.7BNY Mellon Bond Market Index Inv (DBMIX) DB/XB 10.76 3 3 3 2.1 1.7 3.9 9.3 4.2 2.5 3.3 45.3 6.3 2.3BNY Mellon Ultra Short Income Z (DSIGX) GS/ST 10.07 4 1 4 0.1 0.4 0.8 2.0 1.6 0.9 0.6 8.7 8.2 1.9Bernstein Interm Duration Portfolio (SNIDX) DB/IT 13.70 2 3 3 1.8 1.7 3.8 9.0 4.5 3.2 4.2 78.8 -4.4 2.6BlackRock High Yield Bond A (BHYAX) Y CH/IT 7.73 2 4 1 -0.1 2.3 3.6 9.7 5.7 5.2 6.6 189.2 -27.4 5.0BlackRock Strategic Inc Opps Inv A (BASIX) Y DB/ST 10.01 3 2 3 0.6 1.5 2.4 6.5 3.6 2.5 3.9 80.7 — 2.9Calvert Bond A (CSIBX) Y CG/IT 16.76 2 3 3 2.0 1.9 4.1 9.3 4.7 3.0 3.9 63.8 -4.8 2.3Calvert Short Duration Income A (CSDAX) Y CG/ST 16.25 3 2 4 0.9 1.2 2.3 5.7 3.0 2.4 2.4 39.5 1.7 2.6Calvert Ultra-Short Duration Inc A (CULAX) Y CG/ST 9.99 3 1 4 0.2 0.5 1.2 2.9 2.0 1.6 1.4 23.0 4.5 2.3Columbia Bond Inst (UMMGX) CG/IT 8.80 3 3 3 2.0 1.8 4.2 10.3 4.7 2.2 3.0 48.2 1.9 2.7Columbia Strategic Income A (COSIX) Y DB 6.07 1 3 1 0.3 1.5 2.3 7.3 4.7 4.6 5.4 103.4 -7.0 3.5Columbia Total Return Bond Inst (SRBFX) CG/IT 9.37 2 3 3 1.9 1.8 3.7 9.7 4.8 3.3 4.1 79.3 -4.9 3.0DFA Two-Year Global Fixed Income I (DFGFX) IB/GL 9.93 4 1 4 0.2 0.5 1.1 2.8 1.9 1.4 1.1 14.3 4.9 2.1Dodge & Cox Income Fund (DODIX) DB/IT 14.25 1 2 2 1.6 2.1 4.1 9.9 5.0 3.8 4.5 80.5 -0.4 2.8Eaton Vance Floating-Rate Advant A (EAFAX) Y CH/ST 10.73 3 4 2 0.5 3.1 2.6 6.1 4.4 4.6 5.2 150.7 — 5.2FPA New Income Fund (FPNIX) DB/ST 10.01 3 1 3 0.5 0.6 1.7 4.0 3.0 2.3 2.1 25.9 6.1 2.4Federated Govt Inc Securities F (FGOIX) Y GM/IT 8.97 3 3 4 1.4 1.1 2.7 6.6 3.0 1.8 2.5 33.0 6.1 2.2Federated High Income Bond A (FHIIX) Y CH/IT 7.49 3 4 1 -0.3 2.2 3.3 8.8 5.2 5.2 6.7 181.1 -23.5 5.1Fidelity Advisor New Markets Income (FNMIX) IB/EM 15.23 4 5 3 1.4 4.2 2.0 6.4 3.9 5.7 6.2 162.4 -18.8 4.6Fidelity Capital & Income Fund (FAGIX) CH 10.18 3 5 ▲ 1 -0.4 3.2 3.7 10.8 6.8 6.3 7.8 266.8 -33.2 4.1Fidelity GNMA Fund (FGMNX) GM/IT 11.58 ▼ 4 2 4 0.5 0.6 1.8 5.4 2.8 2.1 3.1 45.2 10.5 2.4Fidelity High Income (SPHIX) CH 8.88 ▼ 3 4 1 -0.5 1.7 2.9 8.6 5.9 5.7 6.7 184.6 -22.1 5.0Fidelity Intermediate Bond (FTHRX) DB/IT 11.23 3 2 3 1.7 1.5 3.4 7.9 3.7 2.7 3.4 63.2 -4.0 2.4Fidelity Investment Grade Bond Fd (FBNDX) DB/IT 8.33 2 3 3 1.9 1.9 4.4 10.2 4.9 3.4 4.3 76.4 -6.1 2.6Fidelity Mortgage Securities (FMSFX) GM/IT 11.42 3 2 3 0.7 1.0 2.3 6.3 3.4 2.5 3.4 53.8 2.1 2.5Fidelity Short-Term Bond (FSHBX) DB/ST 8.74 4 1 4 0.6 0.8 1.9 4.3 2.3 1.7 1.8 28.1 -3.0 2.1Fidelity Total Bond (FTBFX) DB/IT 11.09 1 3 3 1.9 2.1 4.2 10.0 4.8 3.7 4.5 84.7 -3.3 2.8Franklin Emg Mkt Debt Opportuns (FEMDX) IB/EM 10.99 3 5 2 0.5 3.9 1.2 7.1 6.2 6.2 5.8 183.8 -27.4 6.8Franklin High Income A1 (FHAIX) Y CH/IT 1.85 ▼ 3 ▲ 4 2 -0.1 1.9 3.3 9.2 4.9 4.7 6.2 161.9 -21.9 5.3Invesco Oppenheimer Tot Ret Bd A (OPIGX) Y CG/IT 7.10 2 3 3 2.1 1.9 4.2 10.0 4.7 3.1 5.0 97.0 -43.3 2.6JPMorgan Core Bond A (PGBOX) Y DB/IT 12.08 3 3 3 2.3 1.9 4.2 9.7 4.5 2.9 3.7 55.4 5.9 2.3Janus Henderson Develop World Bd I (HFAIX) IB/GL 9.73 1 3 1 1.4 0.9 2.5 9.9 5.7 4.7 — — — 3.2Janus Henderson Short Term Bond D (JNSTX) DB/ST 3.04 4 1 4 0.9 1.0 1.9 4.1 2.2 1.7 1.6 23.1 2.0 2.3Loomis Sayles Core Pl Bd A (NEFRX) Y DB/IT 13.46 1 3 ▲ 2 2.1 2.2 4.0 9.2 4.7 3.1 5.0 93.9 -0.8 2.3Loomis Sayles Invst Gr Bd A (LIGRX) Y CG/IT 11.53 1 3 2 2.0 2.2 4.2 9.3 4.9 3.4 4.9 106.7 -12.0 3.0Lord Abbett Core Fixed Income A (LCRAX) Y DB/IT 11.28 3 3 3 2.2 1.9 3.8 9.1 4.1 2.5 3.6 60.4 2.6 2.3MFS Emerging Markets Debt A (MEDAX) Y IB/EM 15.10 3 5 2 1.7 3.7 3.7 11.0 5.6 5.1 5.7 126.4 -12.9 4.1MainStay MacKay High Yld Corp Bd B (MKHCX) Y CH/IT 5.61 ▼ 3 4 ▼ 2 -0.3 1.8 2.8 7.4 4.3 5.0 5.8 144.1 -23.6 4.5Morgan Stanley Pathway Core F/I (TIIUX) CG/IT 8.48 2 3 3 1.9 2.0 4.6 10.2 4.9 3.2 4.2 73.5 2.1 2.7Neuberger Berman High Inc Bd Inv (NHINX) CH/IT 8.58 2 4 2 -0.4 2.0 3.2 8.7 4.7 4.5 6.1 166.2 -18.7 4.9Nuveen Strategic Income A (FCDDX) Y CG/IT 10.96 1 3 ▲ 2 1.9 2.5 4.9 11.7 5.1 3.6 4.9 125.6 -17.5 3.3PIMCO High Yield A (PHDAX) Y CH/IT 9.00 2 4 1 -0.1 2.1 3.4 9.4 5.3 5.0 6.2 173.6 -26.0 4.5PIMCO Intl Bond (US$ hedged)A (PFOAX) Y IB/FO 10.86 1 2 2 1.5 1.3 1.8 7.1 4.9 3.6 5.4 100.7 -1.0 5.6PIMCO Short Term C (PFTCX) CG/ST 9.79 3 1 4 0.6 0.9 1.0 2.4 1.8 1.7 1.2 20.2 0.5 2.3PIMCO Total Return A (PTTAX) Y CG/IT 10.57 3 3 3 2.4 1.7 4.4 9.3 4.5 2.7 3.7 62.7 6.8 3.2Payden Global Fixed Income (PYGFX) IB/GL 9.25 ▼ 2 3 3 1.9 1.8 2.8 9.1 4.9 3.5 4.2 59.8 2.9 2.9Payden Global Low Duration Fund (PYGSX) IB/GL 10.07 4 1 4 0.6 0.9 1.8 4.5 2.5 1.9 2.1 33.9 -1.6 2.6Pioneer Bond Fund A (PIOBX) Y CG/IT 10.03 1 3 3 1.8 2.0 4.0 9.3 4.6 3.3 4.4 80.0 -2.0 2.8Principal Core Fixed Income A (CMPIX) Y CG/IT 9.91 2 3 3 1.9 1.9 4.0 9.2 4.6 3.2 4.3 84.6 -3.7 2.6Principal Sh-Term Inc A (SRHQX) Y DB/ST 12.37 4 1 4 0.8 0.9 2.0 4.6 2.6 2.0 2.2 35.6 1.6 2.1Putnam Global Income A (PGGIX) Y IB/GL 12.46 3 ▲ 3 3 0.9 1.4 2.8 7.8 4.4 2.8 3.6 100.1 -14.8 1.9Putnam Income A (PINCX) Y DB/IT 7.27 1 3 3 2.1 2.5 5.1 11.9 6.0 3.7 4.8 121.9 -15.9 3.1Sit US Government (SNGVX) GS/ST 11.06 4 2 4 1.0 1.0 2.0 4.0 2.5 1.8 1.9 28.6 7.3 2.0T. Rowe Price Emerging Mkts Bd (PREMX) IB/EM 11.79 4 5 3 1.8 4.1 1.9 6.9 4.1 5.7 5.8 137.0 -18.9 4.9T. Rowe Price GNMA Fd (PRGMX) GM/IT 9.25 ▼ 4 2 4 0.7 0.8 1.9 5.1 2.5 2.0 2.7 37.7 2.1 2.2T. Rowe Price High Yield Fd (PRHYX) CH/IT 6.65 1 4 1 0.0 2.0 3.5 10.2 5.5 5.6 7.0 187.7 -23.8 5.2T. Rowe Price Infla-Protect Bond (PRIPX) GS/AJ 12.29 3 4 3 2.1 2.8 4.2 9.3 3.7 2.1 3.1 49.4 -0.9 0.8T. Rowe Price Intl Bond Fd (RPIBX) IB/FO 9.05 4 5 3 0.6 0.9 2.3 5.0 4.3 2.4 1.7 37.8 -9.9 1.9


Avg.Mat. Avg. Avg. Avg. % invested in Max. Sales Expense Min. MgrYrs. Duration Qual. Coupon Cash Bds Crts Stks Other Charge Ratio Initial Inv. Fund Manager Year Rating 2 Telephone


F E B R U A R Y 2 0 2 0 3 3

T H E V A L U E L I N E F U N D A D V I S O R P L U STAXABLE BOND

8 6 AA - 2 98 - - 1 None 0.55 100000 Mary F. Kane 2/15 -1.7 800 548-4539 8 6 AA 3.5 3 98 - - -1 None 0.69 1000 Team Managed - - 866 667-9231 3 2 AAA 2.1 5 94 - - 1 None 0.56 2500 Team Managed - - 800 345-2021 8 6 AA 3.4 6 100 - - -6 None 0.40 2500 Team Managed - - 800 782-6620

AAA 2.7 76 24 - - - None 0.44 0 Team Managed - - 800 782-6620 6 5 AA 3.3 - 103 - 0 -3 None 0.57 25000 Team Managed - - 800 221-5672 7 3 <BBB 6.4 2 92 - 3 3 4.00 0.92 1000 Team Managed - - 800 441-7762 4 4 A - -28 156 - 2 -29 4.00 0.90 1000 Team Managed - - 800 441-7762 5 5 AA 3.3 5 97 - - -2 3.75 0.75 1000 Vishal Khanduja 1/13 - 800 368-2745 2 2 A 3.6 5 93 - - 2 2.75 0.79 1000 Vishal Khanduja 1/13 - 800 368-2745 1 A 3.4 12 88 - - 1 1.25 0.74 1000 Vishal Khanduja 7/12 - 800 368-2745 6 6 A 3.7 3 114 - - -18 None 0.55 0 Jason Callan 1/16 - 800 345-6611 8 2 BBB 4.7 5 106 - 0 -11 4.75 0.95 2000 Team Managed - - 800 345-6611 7 6 A 4.0 4 118 - - -21 None 0.50 0 Jason Callan 1/16 - 800 345-6611

AA 2.3 4 96 - - - None 0.18 0 Team Managed - - 888 576-1167 8 4 AA 4.1 5 99 - - -5 None 0.42 2500 Team Managed - - 800 621-3979 5 <BBB 4.9 1 122 - 1 -24 2.25 0.99 1000 Craig P. Russ 4/08 1.7 800 262-1122 2 2 AAA 3.2 0 99 - 0 0 None 0.50 1500 Thomas H. Atteberry 11/04 0.2 800 982-4372 6 4 AAA 3.4 - 99 - - 1 1.00 1.00 1500 Todd A. Abraham 2/03 - 800 341-7400 3 3 <BBB 6.3 3 96 - 0 1 4.50 0.89 1500 Mark E. Durbiano 1/87 0.4 800 341-7400 - - BBB 6.4 14 88 - 0 -1 None 0.83 0 Jonathan Kelly 10/18 - 800 544-6666 - - <BBB 6.8 10 60 0 30 0 None 0.68 0 Mark Notkin 7/03 1.2 800 544-6666 - 2 AAA 3.7 3 113 - - -15 None 0.45 0 Franco Castagliuolo 12/09 - 800 544-6666 - - <BBB 6.2 6 90 0 3 0 None 0.69 0 Michael Weaver 10/18 - 800 544-6666 - 4 AA - 1 98 - - 1 None 0.45 0 Team Managed - - 800 544-6666 - 6 AA 3.5 3 74 - 0 23 None 0.45 0 Jeffrey Moore 12/04 0.0 800 544-6666 - 3 AAA 3.5 4 136 - - -40 None 0.45 0 Franco Castagliuolo 12/09 - 800 544-6666 - 2 AA 2.7 4 97 - - 0 None 0.45 0 Team Managed - - 800 544-6666 - 5 AA 3.6 6 102 - 1 -9 None 0.45 0 Team Managed - - 800 544-6666 5 4 <BBB 7.7 7 89 - 0 5 None 1.00 1 Mil Team Managed - - 800 342-5236 3 3 <BBB 6.3 2 93 1 1 3 3.75 0.76 0 Glenn I. Voyles 5/15 -1.6 800 342-5236 7 6 A 4.0 24 93 - - -16 4.75 0.75 1000 Team Managed - - 800 959-4246 8 6 AA - 4 97 - - -1 3.75 0.75 1000 Team Managed - - 800 480-4111 - - AA 3.1 6 92 - - 2 None 0.74 1 Mil Jenna Barnard 4/11 2.4 800 525-3713 2 2 A 3.1 1 99 - - 0 None 0.60 Closed Darrell Watters 5/07 -0.5 800 525-3713 9 6 AA 3.5 2 110 - 0 -12 4.25 0.73 2500 Peter W. Palfrey 12/96 0.1 800 633-3330 5 3 A 4.0 2 96 1 0 0 4.25 0.78 2500 Team Managed - - 800 633-3330 8 6 AA 3.5 8 128 - - -36 2.25 0.64 1500 Team Managed - - 800 821-5129 10 7 BBB 5.7 5 94 - 0 1 4.25 1.04 1000 Team Managed - - 800 225-2606 5 3 <BBB 6.3 3 93 0 2 1 5.00R 1.80 Closed Andrew Susser 2/13 0.0 800 624-6782 - - AA 3.8 8 100 - 0 -8 None 0.56 1000 Team Managed - - 212 761-4000 6 3 <BBB 5.8 1 98 0 - 1 None 0.86 Closed Team Managed - - 877 877-9700 10 5 BBB 4.8 5 90 - 7 -2 4.25 0.84 3000 Team Managed - - 800 257-8787 5 3 <BBB 6.0 9 91 - 0 0 3.75 0.90 1000 Andrew Jessop 1/10 0.0 866 746-2602 10 8 AAA 2.8 8 119 - 0 -27 3.75 0.90 1000 Team Managed - - 866 746-2602 1 AA 2.9 11 110 - - -21 None 1.00 1000 Team Managed - - 866 746-2602 7 5 AA 4.3 8 137 0 0 -45 3.75 0.80 1000 Team Managed - - 866 746-2602 9 7 A - 1 103 - - -4 None 0.70 5000 Team Managed - - 800 572-9336 2 2 A 3.2 2 99 - 1 -1 None 0.53 5000 Team Managed - - 800 572-9336 8 6 A 3.8 1 101 0 - -2 4.50 0.85 1000 Team Managed - - 800 225-6292 8 6 AA 3.4 16 90 - 0 -7 2.25 0.88 1000 Team Managed - - 800 986-3343 3 2 AA 2.8 1 100 - - -1 2.25 0.69 1000 Scott J. Peterson 1/10 0.0 800 986-3343 9 4 A 3.8 13 101 - - -14 4.00 1.22 500 Team Managed - - 800 225-1581 7 4 AA 3.9 40 112 - - -52 4.00 0.85 500 Team Managed - - 800 225-1581 3 3 AAA 6.5 2 97 - - 0 None 0.80 5000 Bryce A. Doty 12/95 - 800 332-5580 12 8 <BBB 6.5 2 97 - - 2 None 0.90 2500 Michael J. Conelius 12/94 0.3 800 225-5132 7 3 AAA 3.7 6 113 - - -19 None 0.59 2500 Keir R. Joyce 1/19 - 800 225-5132 6 3 <BBB 6.7 5 91 2 1 2 None 0.72 2500 Rodney M. Rayburn 1/19 - 800 225-5132 8 5 AAA 1.1 3 100 - - -3 None 0.41 2500 Stephen L. Bartolini 6/16 - 800 225-5132 9 8 BBB 3.8 1 98 - - 1 None 0.69 2500 Arif Husain 1/14 -0.9 800 225-5132



3 4 F E B R U A R Y 2 0 2 0







T H E V A L U E L I N E F U N D A D V I S O R P L U S TAXABLE BOND

TAX-FREE BOND

AB Intermediate Diversified Muni A (AIDAX) Y MB/IT 14.76 4 2 4 1.3 1.7 2.0 5.9 3.2 2.0 2.6 34.1 5.9 2.0AB Municipal Income National A (ALTHX) Y MB/IT 10.64 2 3 2 1.8 2.3 3.2 8.3 4.7 3.2 4.3 66.5 -5.1 2.5Aberdeen Ultra Short Muni Inc Inst (ATOIX) MB/ST 10.04 3 1 3 0.1 0.2 0.4 1.2 1.2 0.9 1.0 12.8 5.0 1.1American Century Interm-T Tx-Fr Inv (TWTIX) MB/IT 11.77 2 ▼ 3 3 1.7 2.2 2.9 7.7 4.4 2.8 3.5 49.2 3.9 2.4American Funds T/E Bd of America A (AFTEX) Y MB/LT 13.53 1 3 2 1.7 2.2 3.1 8.2 4.8 3.2 4.5 69.0 -2.9 2.5BNY Mellon Intermed Muni Bd (DITEX) MB/IT 13.95 3 3 3 1.6 2.0 2.7 7.6 4.4 2.8 3.9 54.5 2.8 2.1BNY Mellon Municipal Bond (DRTAX) MB/IT 12.13 2 3 2 1.8 2.3 3.4 9.0 4.9 3.3 4.3 61.4 -9.0 2.4BNY Mellon NY Tax Exempt Bond (DRNYX) MY/IT 15.24 3 3 3 1.8 2.2 3.1 8.1 4.3 3.0 3.8 55.6 1.0 2.6BNY Mellon Oppor Muni Securs Z (DMBZX) MB/IT 13.46 2 3 2 1.8 2.4 3.5 9.4 5.1 3.3 4.4 68.1 -4.1 2.6Colorado Bond Shrs Tax-Exmt A (HICOX) Y MS/CO 9.28 1 2 2 0.8 1.3 2.6 6.6 5.7 4.6 4.4 60.3 -2.3 3.9Columbia OR Intm Muni Bd Inst (CMBFX) MS/OR 12.66 3 2 3 1.4 1.8 2.6 6.8 3.9 2.6 3.3 44.9 4.3 2.4DWS Intermediate Tax Free S (SCMTX) MB/IT 12.01 3 3 3 1.6 2.0 2.6 7.7 4.0 2.5 3.3 45.4 3.8 2.9DWS Managed Muni Bond Fd S (SCMBX) MB/LT 9.43 2 3 3 1.9 2.4 3.5 9.5 5.0 3.1 4.3 67.0 1.0 3.3DWS Massachusetts Tax-Free S (SCMAX) MS/MA 14.82 3 3 3 1.9 2.3 3.3 9.1 4.7 2.9 3.8 57.8 2.6 2.8DWS Strategic High Yield T/F S (SHYTX) MB/HY 12.45 2 3 2 2.0 2.7 4.0 10.5 5.4 3.7 4.7 90.2 -15.3 4.0Delaware Tax Free MN Interm A (DXCCX) Y MS/MN 11.26 3 2 3 1.5 1.7 2.5 6.8 4.4 2.8 3.5 47.4 3.4 2.6Dupree KY Tax Free Income (KYTFX) MS/KY 8.00 4 3 4 1.7 2.2 3.0 7.5 3.8 2.4 3.4 46.0 4.0 2.1Dupree KY Tax Free Short-to-Med (KYSMX) MS/KY 5.43 4 2 4 1.1 1.5 1.6 5.0 2.9 1.8 2.2 27.6 6.4 1.6Elfun Tax Exempt Income (ELFTX) MB/LT 11.69 1 3 2 1.6 2.1 3.0 8.2 4.6 3.1 4.0 58.5 2.2 3.5Federated MI Interm Muni Tr A (MMIFX) Y MS/MI 11.42 4 3 4 1.4 1.7 2.3 6.6 3.7 2.3 3.4 46.3 2.7 2.2Federated Muni High Yld Advntg F (FHTFX) Y MB/HY 9.35 1 3 1 1.8 2.4 4.1 10.8 6.3 4.6 6.0 115.3 -20.4 3.5Federated Sh-Intrm Duration Muni A (FMTAX) Y MB/ST 10.40 3 1 4 0.8 1.1 1.2 3.2 1.9 0.9 1.4 19.4 1.9 1.3Fidelity CA LimitedTerm TaxFree Bd (FCSTX) MC/ST 10.84 3 2 4 1.0 1.2 1.6 4.4 2.6 1.8 2.2 29.5 6.8 1.6Fidelity CA Muni Income (FCTFX) MC/LT 13.46 3 3 2 1.9 2.2 3.1 8.7 5.1 3.4 5.0 71.4 -0.9 2.5Fidelity CT Muni Income (FICNX) MS/CT 11.96 2 3 3 1.6 2.2 3.1 8.7 4.8 3.1 3.9 54.9 4.2 2.3

T. Rowe Price New Income Fd (PRCIX) CG/IT 9.86 2 3 3 1.8 1.9 4.2 9.9 4.6 3.0 3.7 60.2 -2.8 2.7T. Rowe Price Short-Term Bond (PRWBX) DB/ST 4.75 ▼ 4 1 4 0.6 0.8 1.9 4.3 2.5 1.9 1.7 27.7 3.2 2.4Thrivent High Yield Fund A (LBHYX) Y CH/IT 4.77 3 4 1 -0.2 2.1 3.0 8.5 5.1 4.9 6.5 159.1 -20.2 4.9Thrivent Income Fund A (LUBIX) Y CG/IT 9.71 1 4 2 2.3 2.7 5.3 12.9 6.0 4.2 5.3 107.5 -13.0 2.7Transamerica Bond C (IFLLX) DB/IT 9.48 3 ▼ 3 4 1.7 1.7 3.4 8.4 3.8 2.8 4.5 98.4 -19.7 2.2USAA Income Fund (USAIX) CG/IT 13.68 1 3 2 2.2 2.5 5.0 11.7 5.5 4.0 4.7 89.8 -4.2 3.0USAA Intermediate-Term Bond Fd (USIBX) CG/IT 10.96 1 3 1 2.1 2.5 4.9 11.6 5.7 4.1 5.6 129.1 -15.4 3.2Vanguard GNMA Inv (VFIIX) GM/IT 10.58 3 2 4 0.5 0.6 2.0 5.6 3.0 2.1 3.1 43.4 10.0 2.6Vanguard High-Yield Corporate Inv (VWEHX) CH/IT 5.94 1 4 1 0.1 2.0 4.0 10.4 6.0 5.6 7.0 168.8 -20.4 5.0Vanguard Inflatn Protect Secur Inv (VIPSX) GS/AJ 13.46 3 3 4 2.1 2.8 3.8 8.8 3.4 2.1 3.2 51.9 0.2 2.1Vanguard Interm-Term Invest-Gr Inv (VFICX) CG/IT 10.23 2 3 3 2.0 2.1 4.4 10.8 5.1 3.5 4.8 91.8 -5.7 2.8Vanguard Short-Term Bond Index Inv (VBISX) CG/XB 10.65 4 2 4 0.9 1.0 2.2 5.2 2.6 1.8 1.9 26.2 7.4 2.0Vanguard Short-Term Inv Gr Inc Inv (VFSTX) CG/ST 10.80 3 2 4 0.9 1.2 2.3 5.8 3.0 2.4 2.6 45.8 -2.1 2.7Vanguard Total Bd Mkt Index Inv (VBMFX) DB/XB 11.26 3 3 3 2.1 1.9 4.3 9.8 4.5 2.9 3.6 51.4 9.8 2.5Victory INCORE Fund For Income R (GGIFX) GS/ST 8.53 5 2 5 0.9 1.0 1.8 4.4 2.0 1.3 2.2 30.6 7.7 5.0Virtus Newfleet Core Plus Bond C (SAVCX) DB/IT 11.40 2 3 3 1.9 1.8 3.9 9.5 4.2 2.9 3.6 58.5 -0.4 2.0Virtus Newfleet Low Dur CorePl A (HIMZX) Y CG/ST 10.91 4 1 4 0.9 1.0 2.1 5.1 2.8 2.2 2.8 48.4 -0.3 2.5Virtus Seix Corporate Bond I (STICX) CG/LT 9.12 2 4 2 2.7 3.1 5.7 13.0 5.6 4.2 5.1 86.0 -2.4 2.3Virtus Seix High Yield I (SAMHX) CH/IT 8.38 2 4 1 0.0 1.9 3.3 8.6 5.6 5.0 6.3 138.1 -17.0 4.5Virtus Seix Total Return Bond I (SAMFX) DB/IT 10.89 ▼ 4 4 3 2.1 1.5 3.5 8.6 3.8 2.4 3.6 52.7 9.0 1.8Voya Floating Rate Fund R (IFRRX) GS/AJ 9.48 4 3 3 0.3 2.5 1.2 4.3 2.5 2.7 — — — 4.7Weitz Short Duration Income Instl (WEFIX) DB/ST 12.36 3 1 4 0.7 0.9 1.9 4.3 2.5 2.1 2.4 39.3 5.5 2.3Wells Fargo S-T H/Y Bond C (WFHYX) CH/ST 8.08 ▼ 4 2 4 0.1 0.7 1.6 3.8 2.3 2.3 2.8 45.4 — 2.3Wells Fargo Short-Term Bond A (SSTVX) Y CG/ST 8.86 4 1 4 0.6 0.9 1.9 4.5 2.4 1.8 1.9 31.3 -2.6 2.3Western Asset Income A (SDSAX) Y DB/IT 6.25 2 4 2 0.9 3.0 3.8 9.8 5.1 3.9 5.4 124.6 -19.4 5.3



F E B R U A R Y 2 0 2 0 3 5

Avg.Mat. Avg. Avg. Avg. % invested in Max. Sales Expense Min. MgrYrs. Duration Qual. Coupon Cash Bds Cvts Stks Other Charge Ratio Initial Inv. Fund Manager Since Rating 2 Telephone

Avg.Mat. Avg. Avg. Avg. % invested in Max. Sales Expense Min. MgrYrs. Duration Qual. Coupon Cash Bds Cvts Stks Other Charge Ratio Initial Inv. Fund Manager Since Rating 2 Telephone

T H E V A L U E L I N E F U N D A D V I S O R P L U STAXABLE BOND

TAX-FREE BOND

5 4 AA 4.8 - 101 - - -1 3.00 0.66 2500 Team Managed - - 800 221-5672 5 5 AA 4.9 7 98 - - -5 3.00 0.75 2500 Team Managed - - 800 221-5672

A 1.8 - 105 - - -5 None 0.45 1 Mil Team Managed - - 866 667-9231 9 5 A 4.7 - 100 - - 0 None 0.47 5000 Team Managed - - 800 345-2021 - 6 AA 4.6 - 100 - - 0 3.75 0.52 250 Karl Zeile 12/03 - 800 421-4225 9 5 A 4.9 1 99 - - - None 0.75 2500 Thomas Casey 11/11 - 800 782-6620 17 5 A 5.0 - 100 - - 0 None 0.73 2500 Daniel Marques 12/09 - 800 782-6620 17 5 AA 5.1 1 99 - - - None 0.78 2500 Thomas Casey 12/09 - 800 782-6620 17 5 A 5.0 0 100 - - - None 0.67 0 Daniel Rabasco 2/12 - 800 782-6620 - - <BBB 5.3 - 71 - - 29 4.75 0.55 500 Fred R. Kelly 11/90 - 800 572-0069 9 5 AA 4.9 0 99 - - 1 None 0.58 0 Team Managed - - 800 345-6611 5 5 A 4.7 1 100 - - -1 None 0.53 2500 Team Managed - - 800 621-1048 6 7 A 5.1 0 99 - - 0 None 0.56 2500 Team Managed - - 800 621-1048 6 7 AA 5.0 - 101 - - -1 None 0.60 2500 Ashton Goodfield 10/14 - 800 621-1048 6 7 BBB 5.5 2 102 - - -4 None 0.61 2500 Team Managed - - 800 621-1048 5 4 A 5.0 - 100 - - 0 2.75 0.71 1000 Team Managed - - 800 523-1918 5 5 A - - 100 - - 0 None 0.57 100 Vincent Harrison 12/99 - 800 866-0614 4 4 A - - 99 - - 1 None 0.70 100 Vincent Harrison 12/99 - 800 866-0614 - - A 5.0 0 99 - - 1 None 0.21 500 Arthur Aaronson 1/19 - 800 242-0134 6 5 AA 4.7 - 99 - - 1 3.00 0.77 1500 Lee R. Cunningham 5/98 - 800 341-7400 6 7 BBB 5.4 - 100 - - 0 1.00 0.89 1500 Lee R. Cunningham 4/09 - 800 341-7400 3 2 A 3.4 - 101 - - -1 1.00 0.10 1500 Jeff A. Kozemchak 12/06 - 800 341-7400 - 3 AA 3.9 - 102 - - -2 None 0.35 0 Team Managed - - 800 544-6666 - 6 A 4.7 - 99 - - 1 None 0.45 0 Team Managed - - 800 544-6666 - 5 A 4.7 - 99 - - 1 None 0.49 0 Team Managed - - 800 544-6666

8 6 AA 3.8 2 101 - - -3 None 0.50 2500 Stephen L. Bartolini 1/18 - 800 225-5132 2 2 A 3.1 1 99 - - 0 None 0.44 2500 Michael Reinartz 1/15 0.0 800 225-5132 5 3 <BBB 6.1 6 94 - 0 -1 4.50 0.80 2000 Paul J. Ocenasek 12/97 -0.6 800 847-4836 10 6 A 4.2 11 92 - 0 -3 4.50 0.77 2000 Stephen D. Lowe 2/09 - 800 847-4836 7 5 A 4.2 7 98 - 1 -6 None 1.56 1000 Team Managed - - 888 233-4339 8 6 A 4.0 1 98 - 1 0 None 0.55 3000 Team Managed - - 800 531-8181 7 5 A 4.3 6 94 - 2 -1 None 0.64 3000 Team Managed - - 800 531-8181 5 3 AAA 3.6 16 100 - - -16 None 0.21 3000 Michael F. Garrett 6/10 - 800 662-7447 4 3 <BBB 5.7 4 95 - 1 0 None 0.23 3000 Michael L. Hong 2/08 0.7 800 662-7447 8 8 AAA 0.9 1 97 - - 1 None 0.20 3000 Gemma Wright Casparius 8/11 - 800 662-7447 6 5 A 3.5 4 95 - 0 0 None 0.20 3000 Daniel Shaykevich 4/18 - 800 662-7447 3 3 AA 2.3 1 99 - - 0 None 0.15 3000 Joshua C. Barrickman 2/13 - 800 662-7447 3 2 A 3.2 1 99 - - 0 None 0.20 3000 Daniel Shaykevich 4/18 - 800 662-7447 8 6 AA 3.2 2 99 - - -2 None 0.15 3000 Joshua C. Barrickman 2/13 - 800 662-7447 3 3 AAA 7.1 0 100 - - 0 None 0.92 0 Heidi L. Adelman 3/06 - 800 539-3863 7 5 A 4.1 - 97 - 1 2 None 1.59 2500 David L. Albrycht 10/12 -1.1 800 243-1574 3 2 AA 3.5 2 98 - 1 0 2.25 0.75 2500 Team Managed - - 800 243-1574 15 8 A 3.7 1 97 - - 1 None 0.70 100000 Team Managed - - 800 243-1574 6 3 <BBB 6.1 - 97 - 0 3 None 0.64 100000 Michael Kirkpatrick 2/07 0.4 800 243-1574 8 6 AAA 3.1 - 99 - - 1 None 0.46 100000 Team Managed - - 800 243-1574 5 <BBB - - 97 - - 3 None 1.32 0 Team Managed - - 800 992-0180 2 2 AA 2.9 3 97 - 1 0 None 0.48 1 Mil Thomas D. Carney 1/96 0.3 800 304-9745 2 1 <BBB 4.6 8 92 - - - None 1.70 1000 Michael J. Schuller 10/17 -0.1 800 359-3379 3 2 AA 3.0 5 95 - - 0 2.00 0.82 1000 Team Managed - - 800 359-3379 8 5 BBB 5.9 1 97 1 0 0 4.25 0.98 1000 Team Managed - - 800 822-5544






3 6 F E B R U A R Y 2 0 2 0


Fidelity Intermediate Muni Income (FLTMX) MB/IT 10.78 3 ▼ 3 3 1.6 2.0 2.7 7.4 4.5 2.9 3.6 49.1 4.7 2.3Fidelity Limited Trm Muni Income Fd (FSTFX) MB/ST 10.78 3 2 4 0.9 1.3 1.5 4.5 2.7 1.7 2.0 26.0 6.3 1.7Fidelity MA Muni Income (FDMMX) MS/MA 12.62 3 3 3 1.8 2.2 3.2 8.4 4.7 3.1 4.3 62.5 1.6 2.4Fidelity MN Muni Income (FIMIX) MS/MN 12.08 3 3 3 1.6 2.0 2.9 8.1 4.4 3.0 3.7 50.8 4.7 2.2Fidelity Municipal Income (FHIGX) MB/LT 13.64 2 3 2 2.0 2.5 3.6 9.8 5.8 3.8 4.9 72.0 0.4 2.6Fidelity NJ Muni Income (FNJHX) MS/NJ 12.48 2 3 2 1.9 2.4 3.2 9.6 6.2 3.8 4.4 62.7 2.5 2.5Fidelity NY Muni Income (FTFMX) MY/LT 13.72 3 3 3 1.9 2.4 3.2 9.0 4.9 3.5 4.3 61.8 2.8 2.3Fidelity OH Muni Income (FOHFX) MS/OH 12.56 3 3 2 1.7 2.1 3.0 8.0 4.8 3.3 4.4 62.7 3.4 2.4Fidelity PA Muni Income (FPXTX) MS/PA 11.56 2 3 2 1.7 2.2 3.2 8.7 5.1 3.5 4.4 62.0 3.3 2.5Franklin CA Interm Tax-Free Inc A1 (FKCIX) Y MC/IT 12.24 3 2 3 1.6 1.9 2.4 6.3 3.7 2.5 4.0 56.9 0.0 2.6Franklin California H/Y Muni C (FCAHX) MC/HY 11.51 3 3 2 2.1 2.4 3.8 10.7 5.7 4.1 6.2 113.4 -16.1 2.6Franklin California Tx-Fr Inc A1 (FKTFX) Y MC/LT 7.81 3 4 2 2.3 2.9 4.3 11.1 5.8 3.9 5.4 84.5 -4.6 3.1Franklin Federal Interm T/F A1 (FKITX) Y MB/IT 12.28 4 2 4 1.3 1.7 2.1 5.6 3.2 2.1 3.5 50.8 1.9 2.5Franklin Federal Tax-Free Inc A1 (FKTIX) Y MB/LT 12.19 3 3 3 1.8 2.3 3.3 8.3 4.1 2.8 4.3 67.2 -2.2 3.1Franklin High Yld Tax-Free Inc A1 (FRHIX) Y MB/HY 10.32 2 3 ▲ 2 1.8 2.2 3.3 9.0 4.8 3.5 5.0 92.2 -11.5 4.1Franklin New York Tax-Free Inc C (FNYIX) MY/LT 11.35 4 3 4 1.9 2.2 3.1 8.0 3.2 2.0 2.9 41.5 1.2 2.2Franklin Oregon Tax-Free Inc A1 (FRORX) Y MS/OR 11.85 3 3 3 1.8 2.1 3.2 7.7 4.0 2.7 3.7 54.9 1.1 2.7Green California Tax-Free Income (CFNTX) MC/IT 11.73 4 2 4 1.3 1.7 1.9 5.4 3.2 2.1 3.4 45.8 2.6 1.8Hartford Muni Opportunities A (HHMAX) Y MB/HY 9.02 1 3 1 1.6 2.1 3.1 8.3 5.0 3.3 4.5 86.4 -20.1 2.2Invesco Limited Term Muni Income A2 (AITFX) Y MB/ST 11.48 3 2 4 1.0 1.4 1.8 4.8 2.8 1.9 3.0 43.5 6.2 2.4Ivy Municipal Bond A (WMBAX) Y MB/LT 11.95 3 2 3 1.4 1.8 2.4 6.0 3.6 2.4 3.7 55.7 -0.2 2.8JPMorgan Municipal Income A (OTBAX) Y MB/LT 9.94 3 2 3 1.4 1.7 2.2 6.4 3.7 2.4 3.2 44.2 2.9 1.9JPMorgan Tax Free Bond A (PMBAX) Y MB/LT 12.47 3 3 3 2.0 2.5 3.6 9.1 4.8 3.2 4.0 54.7 3.0 2.5Lord Abbett High Yield Muni Bd A (HYMAX) Y MB/HY 12.85 1 3 1 2.2 3.2 5.2 13.4 7.9 5.7 6.1 123.1 -30.3 3.6MFS Municipal High Income Fund A (MMHYX) Y MB/HY 8.66 1 3 1 1.9 2.7 4.3 11.1 6.7 5.0 6.3 119.2 -16.5 3.4MFS Municipal Lmtd Maturity A (MTLFX) Y MB/ST 8.38 3 2 3 1.2 1.6 2.1 5.8 3.4 2.3 2.6 35.6 3.2 2.0Northern Tax Exempt (NOTEX) MB/LT 11.05 3 3 2 2.0 2.4 3.6 9.2 4.9 3.3 4.5 64.7 5.8 2.6Nuveen Interm Duratn Muni A (NMBAX) Y MB/IT 9.62 2 3 2 1.8 2.2 3.1 7.9 5.0 3.0 3.6 53.8 0.5 2.5Nuveen LtdTerm Muni A (FLTDX) Y MB/ST 11.34 3 2 4 1.2 1.7 2.0 5.3 3.3 1.9 2.3 32.0 4.4 1.9PGIM Municipal High Income A (PRHAX) Y MB/HY 10.72 1 3 1 2.2 2.6 4.3 10.7 6.2 4.4 5.7 101.3 -12.6 3.4Putnam MA Tax Exempt Income A (PXMAX) Y MS/MA 9.93 ▼ 3 3 3 1.7 2.0 2.9 8.0 4.2 3.7 4.3 65.3 -0.4 2.2Segall Bryant&Hamill CO TaxFee Ret (WTCOX) MS/CO 11.84 1 2 2 1.5 1.8 2.8 7.6 4.4 3.0 3.7 51.9 2.9 2.8Sit Tax Free Income (SNTIX) MB/LT 10.00 1 2 3 1.7 2.1 3.1 8.2 5.5 3.6 5.0 86.6 -12.1 2.9T. Rowe Price MD Tax Free Bond (MDXBX) MS/MD 11.11 1 3 1 1.6 2.1 3.1 8.0 4.6 3.3 4.3 67.6 -2.2 2.6T. Rowe Price NY Tax Free Bond (PRNYX) MY/LT 11.93 2 3 2 1.7 2.1 3.0 7.7 4.4 3.2 4.3 64.1 -1.1 2.7T. Rowe Price Summit Muni Inc inv (PRINX) MB/LT 12.38 2 3 2 1.8 2.3 3.4 9.1 5.1 3.6 4.9 85.2 -6.3 2.7T. Rowe Price Tax Free High Yld Rtl (PRFHX) MB/HY 12.51 1 3 1 1.7 2.3 3.9 10.2 6.0 4.3 6.0 115.9 -22.7 3.3T. Rowe Price Tax Free Income Inv (PRTAX) MB/LT 10.40 1 3 2 1.7 2.2 3.3 8.5 4.8 3.2 4.5 66.8 -6.1 3.1T. Rowe Price Tax Free Sh-Intrm Rtl (PRFSX) MB/IT 5.69 3 2 4 0.8 1.1 1.3 4.0 2.3 1.4 1.9 25.0 1.8 1.5T. Rowe Price VA Tax Free Bond (PRVAX) MS/VA 12.34 ▼ 2 ▼ 3 2 1.6 2.0 3.0 7.7 4.4 3.2 4.2 63.0 0.4 2.6Thornburg Ltd Term Muni-Natl A (LTMFX) Y MB/ST 14.58 4 2 5 0.9 1.2 1.3 4.1 2.4 1.4 1.8 24.0 0.5 1.7USAA California Bond (USCBX) MC/LT 11.52 1 3 2 1.7 2.2 3.5 8.6 5.1 3.4 5.1 79.4 -8.4 2.6USAA T/E Short Term Bond Fund (USSTX) MB/ST 10.59 3 1 3 0.7 1.2 1.4 3.1 2.2 1.4 1.8 24.9 3.5 1.7USAA Tax-Exempt Interm-Term (USATX) MB/IT 13.84 1 ▼ 3 3 1.7 2.3 3.1 8.1 5.1 3.1 4.2 66.5 -3.4 2.7USAA Tax-Exempt Long Term Fund (USTEX) MB/LT 13.77 1 3 2 1.9 2.4 3.6 9.0 5.2 3.4 4.8 81.0 -9.1 3.2USAA Virginia Bond (USVAX) MS/VA 11.61 2 2 2 1.4 1.9 2.8 7.2 4.3 3.1 4.2 65.5 -0.1 2.6Vanguard CA Interm-Term T-E Inv (VCAIX) MC/IT 12.26 ▲ 2 3 2 1.6 2.1 2.8 7.6 4.6 3.1 4.2 59.4 2.1 2.3Vanguard CA Long-Term T-E Inv (VCITX) MC/LT 12.76 2 3 2 2.0 2.5 3.8 10.0 5.8 4.0 5.2 76.8 -2.2 2.7Vanguard High-Yield Tax-Exempt Inv (VWAHX) MB/HY 11.94 1 3 1 2.0 2.7 4.0 10.6 6.6 4.5 5.4 89.4 -7.8 3.1Vanguard Interm-Term Tax-Exempt Inv (VWITX) MB/IT 14.67 ▲ 2 3 2 1.6 2.1 2.8 7.6 4.5 3.0 3.9 54.8 1.9 2.4Vanguard Ltd-Term Tax-Exempt Inv (VMLTX) MB/IT 11.15 3 2 4 0.8 1.2 1.5 4.1 2.6 1.7 1.9 24.6 3.6 1.8Vanguard NY Long-Term T/E Inv (VNYTX) MY/LT 12.18 3 3 2 1.9 2.4 3.5 9.5 5.4 3.7 4.5 66.1 1.0 2.7Vanguard OH Long-Term Tax-Exmpt Fd (VOHIX) MS/OH 13.03 2 3 2 2.0 2.4 3.6 9.4 5.6 3.9 4.7 69.5 2.3 2.8Vanguard PA Long-Term Tax-Exmpt Inv (VPAIX) MS/PA 12.07 2 3 1 2.0 2.5 3.8 10.1 6.0 4.0 4.8 69.4 0.6 2.9Vanguard Short-Term Tax-Exempt Inv (VWSTX) MB/ST 15.89 3 1 4 0.4 0.7 0.9 2.4 1.7 1.2 1.0 13.3 3.6 1.5Virtus Seix Invest Grade T/E Bond I (STTBX) MB/IT 11.90 3 3 3 1.8 2.2 3.0 7.9 4.2 2.7 3.8 52.8 6.8 1.5Wells Fargo CA Tax-Free A (SCTAX) Y MC/LT 12.15 3 3 3 1.6 2.0 3.1 8.1 4.6 3.1 4.9 74.1 -2.3 2.8Wells Fargo Muni Bond Fund A (WMFAX) Y MB/LT 10.80 1 3 1 1.8 2.2 3.2 8.4 5.4 3.6 5.1 90.3 -6.4 2.4Western Asset Interm-Term Muni A (SBLTX) Y MB/IT 6.56 3 2 4 1.9 2.4 3.1 7.5 4.1 2.6 3.5 52.8 0.0 2.7Western Asset Managed Municipals A (SHMMX) Y MB/LT 16.70 3 3 3 2.1 2.5 3.6 8.8 4.7 3.0 4.4 73.3 -1.3 3.0

TAX-FREE BOND


Avg.Mat. Avg. Avg. Avg. % invested in Max. Sales Expense Min. MgrYrs. Duration Qual. Coupon Cash Bds Crts Stks Other Charge Ratio Initial Inv. Fund Manager Year Rating 2 Telephone


F E B R U A R Y 2 0 2 0 3 7


- 5 A 4.7 3 96 - - 0 None 0.36 0 Team Managed - - 800 544-6666 - 3 A 4.1 0 100 - - 0 None 0.47 0 Team Managed - - 800 544-6666 - 6 AA 4.9 - 99 - - 1 None 0.46 0 Team Managed - - 800 544-6666 - 6 AA 4.8 - 99 - - 1 None 0.50 0 Team Managed - - 800 544-6666 - 6 A 5.0 1 98 - - 1 None 0.46 0 Team Managed - - 800 544-6666 - 6 A 4.9 - 99 - - 1 None 0.48 0 Team Managed - - 800 544-6666 - 6 AA 4.8 - 101 - - -1 None 0.47 0 Team Managed - - 800 544-6666 - 6 A 4.8 - 100 - - 0 None 0.49 0 Team Managed - - 800 544-6666 - 7 A 4.7 - 101 - - -1 None 0.49 0 Team Managed - - 800 544-6666 8 4 AA 4.9 - 101 - - -1 2.25 0.59 1000 John Wiley 9/92 - 800 342-5236 21 6 BBB 5.1 - 102 - - -2 None 1.23 1000 John Wiley 5/96 - 800 342-5236 20 7 AA 4.9 - 101 - - -1 3.75 0.60 1000 John Wiley 8/91 - 800 342-5236 7 4 AA 4.9 - 99 - - 1 2.25 0.56 1000 Team Managed - - 800 342-5236 18 5 AA 5.0 - 99 - - 1 3.75 0.63 1000 Team Managed - - 800 342-5236 17 5 BBB - - 101 - - -1 3.75 0.66 1000 Team Managed - - 800 342-5236 20 5 AA - - 99 - - 1 None 1.18 1000 Team Managed - - 800 342-5236 19 5 A - - 101 - - -1 3.75 0.65 1000 John Wiley 12/91 - 800 342-5236 - - A 4.6 - 99 - - 1 None 0.77 1000 Team Managed - - 800 955-9988 6 5 A - - 97 - - 3 4.50 0.69 2000 Brad W. Libby 3/12 - 888 843-7824 5 3 A 4.4 - 103 - - -3 1.00 0.36 0 Team Managed - - 800 959-4246 12 5 A 4.8 - 98 - - 2 4.25 0.84 750 Bryan J. Bailey 8/08 - 800 777-6472 5 4 AA 4.6 2 96 - - 1 3.75 0.70 1000 David Sivinski 3/06 - 800 480-4111 6 6 AA 4.5 4 97 - - 0 3.75 0.67 1000 Richard Taormina 2/05 - 800 480-4111 24 7 BBB 5.3 - 100 - - 0 2.25 0.79 1000 Daniel S. Solender 9/06 - 800 821-5129 19 9 BBB 5.4 1 99 - - -1 4.25 0.67 1000 Geoffrey L. Schechter 8/02 - 800 225-2606 5 4 A 4.5 2 99 - - -1 2.50 0.66 1000 Geoffrey L. Schechter 1/00 - 800 225-2606 16 6 AA 4.5 11 91 - - -1 None 0.45 2500 Timothy T.A. McGregor 11/98 - 800 595-9111 10 5 A 4.5 - 100 - - 0 3.00 0.66 3000 Paul L. Brennan 12/07 - 800 257-8787 4 3 A 4.1 - 100 - - 0 2.50 0.62 3000 Paul L. Brennan 8/06 - 800 257-8787 - 8 BBB 5.2 - 100 - - 0 4.00 0.85 2500 Team Managed - - 800 225-1852 - 6 A 4.6 - 98 - - 2 4.00 0.79 500 Paul M. Drury 7/02 - 800 225-1581

13 6 A 4.5 - 96 - - 4 None 0.65 2500 Kenneth A. Harris 6/05 - 800 836-4265 - 4 A 4.6 - 88 - - 12 None 0.80 5000 Team Managed - - 800 332-5580

16 5 A 4.8 - 99 - - 1 None 0.48 2500 Hugh D. McGuirk 3/00 - 800 225-5132 17 5 A 5.1 - 100 - - 0 None 0.53 2500 Konstantine B. Mallas 4/00 - 800 225-5132 19 6 A 4.9 - 99 - - 1 None 0.50 2500 Konstantine B. Mallas 2/99 - 800 225-5132 20 6 BBB 5.2 - 99 - 0 1 None 0.69 2500 James M. Murphy 1/01 - 800 225-5132 18 6 A 5.1 - 99 - - 1 None 0.53 2500 Konstantine B. Mallas 7/07 - 800 225-5132 3 3 A 4.8 - 100 - - 0 None 0.84 2500 Charles B. Hill 1/95 - 800 225-5132 17 6 AA 4.7 - 99 - 0 1 None 0.51 2500 Hugh D. McGuirk 2/97 - 800 225-5132 3 3 AA 4.7 - 99 - - 1 1.50 0.69 5000 Nicholos Venditti 2/15 - 800 847-0200 16 6 AA 4.2 - 99 - - 1 None 0.53 3000 John C. Bonnell 8/06 - 800 531-8181 2 1 A 2.7 - 102 - - -2 None 0.52 3000 Regina G. Conklin 6/03 - 800 531-8181 10 5 A 4.3 - 100 - - 0 None 0.51 3000 Regina G. Conklin 6/03 - 800 531-8181 18 6 A 4.7 - 100 - - 0 None 0.48 3000 John C. Bonnell 8/06 - 800 531-8181 16 5 A 4.3 - 99 - - 1 None 0.57 3000 John C. Bonnell 8/06 - 800 531-8181 5 5 AA 4.6 - 99 - - 1 None 0.17 3000 Adam M. Ferguson 6/13 - 800 662-7447 7 6 AA 4.6 - 100 - - 0 None 0.17 3000 James M. D’Arcy 7/11 - 800 662-7447 6 6 A 5.0 4 96 - - 0 None 0.17 3000 Mathew M. Kiselak 7/10 - 800 662-7447 5 5 AA 4.7 1 98 - - 1 None 0.17 3000 James M. D’Arcy 6/13 - 800 662-7447 3 3 AA 4.3 1 98 - - 0 None 0.17 3000 Adam M. Ferguson 5/17 - 800 662-7447 6 6 AA 4.6 - 100 - - 0 None 0.17 3000 Adam M. Ferguson 6/13 - 800 662-7447 6 6 AA 4.6 - 101 - - -1 None 0.13 3000 Stephen M. McFee 2/20 - 800 662-7447 6 6 A 4.7 - 100 - - 0 None 0.17 3000 James M. D’Arcy 11/11 - 800 662-7447 1 1 AA 3.3 3 98 - - -2 None 0.17 3000 Justin A. Schwartz 2/16 - 800 662-7447 5 5 AA 4.9 - 95 - - 5 None 0.60 100000 Ronald H. Schwartz 10/93 - 800 243-1574 6 5 A 4.4 0 100 - - - 4.50 0.83 1000 Team Managed - - 800 359-3379 6 5 A 4.5 0 100 - - - 4.50 0.78 1000 Team Managed - - 800 359-3379 6 5 A 4.6 - 99 - - 1 2.25 0.70 1000 Team Managed - - 800 822-5544 7 6 A 4.8 - 100 - - 0 4.25 0.68 1000 Team Managed - - 800 822-5544

TAX-FREE BOND


3 8 F E B R U A R Y 2 0 2 0


YEAR-TO-DATE

BEST PERFORMING GENERAL EQUITY FUNDS AS OF 1/31/20

Inv. Value Line Rank Tot. Ret.Fund Obj./Peer Risk Overall %

Upright Growth Fund GR/VL 5 5 13.0

Baron Partners Retail AG/MG 5 2 11.4

Zevenbergen Growth Investor GR/LG 5 - 11.1

Virtus Zevenbergen Innov Growth A AG/LG 5 3 10.3

Zevenbergen Genea Investor GR/LG 5 - 10.2

Baron Focused Growth Fund Retail GR/MG 4 3 9.3

Morgan Stanley Inst Discovery I GR/MG 5 3 7.2

Leland Thompson Reutr Vent CapIdx A GR/LG 5 - 7.2

Tocqueville Opportunity Fund SC/SV 5 3 6.9

Selective Opportunity Foundaton GR/LB 4 - 6.9

1 YEAR


5 YEARS


10 YEARS


Rydex NASDAQ-100 2X Strategy H GR/XL 5 2 61.5

ProFunds UltraNASDAQ-100 Fund Inv AG/LG 5 2 61.5

Baron Partners Retail AG/MG 5 2 48.0


Rydex S&P 500 2X Strategy H AG/LB 5 2 39.4

ProFunds UltraBull Fund Inv AG/LB 5 2 38.7

Virtus KAR Mid-Cap Growth A GR/MG 4 2 37.4

Direxion MnthlyNASDAQ-100Bull 1.25X GR 5 - 36.3

Baron Focused Growth Fund Retail GR/MG 4 3 36.2

DF Dent Premier Growth Inv GR/MG 3 1 35.6




Berkshire Focus GR/LG 5 3 22.4

Virtus KAR Small-Cap Growth A SC/SG 4 1 22.3

Rydex Dow 2X Strategy A AG/LG 5 3 21.3

ProFunds UltraDow 30 Inv GR/LG 5 3 21.2

Fidelity Advisor Growth Opportunit GR/LG 4 - 19.8

Morgan Stanley Insight A GR/LG 5 3 19.7


YEAR-TO-DATE

WORST PERFORMING GENERAL EQUITY FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS





ProFunds UltraBull Fund Inv AG/LB 5 2 22.9

ProFunds Consumer Serv Ultra Inv AG/LG 5 3 22.6

ProFunds UltraDow 30 Inv GR/LG 5 3 22.5

Rydex Dow 2X Strategy A AG/LG 5 3 22.5

Berkshire Focus GR/LG 5 3 21.3

ProFunds UltraMid-Cap Inv GR/MG 5 4 20.0

T. Rowe Price New Horizons SC/SG 4 1 19.8

Rydex S&P SmallCap 600 Pure Val H SC/SV 5 5 -15.1

Schneider Small Cap Value Fund SC/SV 5 5 -13.1

CGM Focus Fund GR/LB 5 5 -12.2

Goldman Sachs Commody Strategy A IN/CM 5 5 -10.9

Rydex Commodities Strategy A GR/CM 4 5 -10.8

Bridgeway Omni Small Cap Value N SC/SV 5 5 -9.6

Bridgeway Omni Tax Mngd SmCap Val N SC/SV 5 5 -9.5

DoubleLine Strategic Commodity I GR/CM 3 - -9.2

Monteagle Select Value I GR/MV 5 5 -9.0

Pacific Advisors Small Cap A SC/SV 5 5 -8.5

ProFunds UltraShort NASDAQ-100 Inv AG/BM 5 5 -42.4

ProFunds UltraBear Fund Inv AG/BM 5 5 -32.0

Rydex Inverse S&P 500 2x Str H GR/BM 5 5 -31.8

CGM Focus Fund GR/LB 5 5 -29.3

ProFunds UltraShort Dow 30 Inv AG/BM 5 5 -25.0

Rydex Inverse Dow 2X A AG/BM 5 5 -24.8

Rydex Inverse NASDAQ-100 Str Inv GR/BM 4 5 -23.0

ProFunds UltraShort Mid-Cap Svc SC/BM 5 5 -21.2

ProFunds UltraShort Small-Cap Svc SC/BM 5 5 -19.8

ProFunds UltraShort Intl Inv AG/BM 5 5 -19.5







Direxion Mo Sm Cap Bear 2X Fd SC/BM 5 5 -20.5


Rydex Inverse Russl 2000 2x Strat A GR/BM 5 5 -20.3

Rydex Inverse NASDAQ-100 Str Inv GR/BM 4 5 -16.5



Rydex Inverse Russl 2000 2x Strat A GR/BM 5 5 -29.5






Direxion Mo Sm Cap Bear 2X Fd SC/BM 5 5 -25.7

ProFunds UltraShort Intl Inv AG/BM 5 5 -19.8

g y g y

(These fund screens are derived from our entire 20,000+ fund database.)



F E B R U A R Y 2 0 2 0 3 9


YEAR-TO-DATE

BEST PERFORMING SPECIAL EQUITY FUNDS AS OF 1/31/20


ProFunds Short Oil & Gas Inv EN/BM 5 4 12.4

ProFunds Utilities UltraSector Inv UT/LV 4 3 9.0

Wells Fargo Spec Tech A TC/LG 5 3 7.3

AllianzGI Technology Instl TC/GL 5 3 6.9

Jacob Internet Fund Inv TC/MG 5 3 6.5

Baron Opportunity Fund Retail TC/MG 4 2 6.3

Franklin Utilities A1 UT/LV 3 2 6.1

Vanguard Utilities Index Adm UT/LV 2 2 6.0

Kinetics Internet Fund NL TC/MG 5 3 5.9

Fidelity Select Software & IT Svcs TC/LG 4 1 5.8

1 YEAR


5 YEARS


10 YEARS


ProFunds Tech UltraSector Inv TC/LG 5 2 59.8

ProFunds Semicond UltraSector Svc TC/LG 5 3 56.0

ProFunds Precious Metals Ultra Svc PM 5 3 55.0

Fidelity Select Technology TC/LG 5 2 47.0

Fidelity Adv Technology M TC/LG 5 2 46.4

Fidelity Select Semiconductors TC/MG 5 2 43.2

Fidelity Adv Semiconductors I TC/MG 5 2 42.9

Vanguard Information Tech Index Adm TC/LG 4 1 42.9

OCM Gold Investor PM/LG 5 3 42.9

Rydex Electronics H TC/MG 5 2 39.7



ProFunds Internet UltraSector Svc TC/MG 5 4 24.9

BlackRock Technology Opportuns A TC/LG 5 2 22.9

Putnam Global Technology A TC/GL 4 1 22.2


Janus Henderson VIT Global Tech Ins TC/GL 4 1 21.9


Columbia Global Tech Growth Inst TC/LG 4 1 21.6

Janus Henderson Global Tech D TC/GL 4 1 21.6

YEAR-TO-DATE

WORST PERFORMING SPECIAL EQUITY FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS


ProFunds Internet UltraSector Svc TC/MG 5 4 26.1




T. Rowe Price Global Technology TC/GL 5 3 20.5

Fidelity Select Semiconductors TC/MG 5 2 20.0

Columbia Global Tech Growth Inst TC/LG 4 1 20.0

Fidelity Select IT Services TC/LG 4 1 19.9

Fidelity Adv Semiconductors I TC/MG 5 2 19.6


ProFunds Oil Eqpmt Svc & Distr Svc EN/LG 5 5 -25.4

Victory Global Natural Resources A EN/LG 5 5 -20.3

Rydex Energy Services Inv EN/MG 5 5 -17.3

Fidelity Select Energy Svcs EN/LG 5 5 -16.9

ProFunds UltraSector Oil&Gas Inv EN/LB 5 5 -16.7

Goehring & Rozencwajg Resrcs Retail EN/MB 5 - -14.8

Ivy Energy A EN/GW 5 5 -14.2

ICON Energy S EN/LV 5 5 -13.1

Fidelity Select Natural Gas EN/LV 5 5 -12.7

Franklin Natural Resources A EN/LB 5 5 -12.4



Profunds Short Precious Metals Inv PM/BM 5 5 -32.3



Goehring & Rozencwajg Resrcs Retail EN/MB 5 - -25.5

ProFunds UltraSector Oil&Gas Inv EN/LB 5 5 -22.6


Saratoga Energy & Basic Materials I EN/LV 5 5 -20.5






MainStay Cushing Energy Inc A EN 5 - -15.2



Invesco Oppen StlPth MLPAlphPl A EN/GW 5 5 -11.2

Invesco Energy Inv EN/LB 5 5 -10.8


ProFunds Short Real Estate Inv RE/BM 3 5 -14.9





ProFunds Precious Metals Ultra Svc PM 5 3 -9.6

Midas Fund PM/MB 5 4 -8.5

US Global Inv World Prec Mnrls PM/MG 5 4 -7.5


ProFunds Short Oil & Gas Inv EN/BM 5 4 -7.2




4 0 F E B R U A R Y 2 0 2 0


YEAR-TO-DATE

BEST PERFORMING INTERNATIONAL EQUITY FUNDS AS OF 1/31/20


ProFunds UltraShort Latin Amer Inv FO/BM 5 5 19.3

Rydex Invr Emerging Mrkts 2X Str A FO/EM 5 5 12.7

ProFunds UltraShort Emkt Inv FO/BM 5 5 12.4

ProFunds UltraShort Japan Inv PB/BM 5 5 6.2

Baron Global Advantage Fund Retail GL/LG 4 2 6.1

ProFunds UltraShort China Inv PB/BM 5 5 5.5

New Alternatives Fund A GL/MG 3 2 5.4

Alger Dynamic Opportunities A GL/LS 3 4 5.3

MSIF Global Advantage I GL/LG 4 2 4.6

Invesco Oppenheimer Gl Focus A GL/VL 4 3 4.5

1 YEAR


5 YEARS


10 YEARS



New Alternatives Fund A GL/MG 3 2 35.2

Matthews China Small Companies Inv PB/EM 5 3 32.4

Morgan Stanley Inst Asia Opp I PB/NJ 5 - 30.1

Artisan Developing World Advisor FO/EM 4 - 30.0

ALPS/Red Rocks Listed Priv Eq Inv GL 3 2 29.5

Voya Russia Fund A FO/EM 5 2 29.4

WCM International SmCap Growth Inst FO/SG 4 - 28.9

Fidelity Trend Fund GL/LG 3 1 28.9

Columbia Select Global Equity A GL/LG 3 1 28.4

MSIF Global Opportunity Port I GL/LG 4 2 17.9

Voya Russia Fund A FO/EM 5 2 17.1


Polen Global Growth Instl GL/GW 3 - 15.3

T. Rowe Price Global Stock GL/LG 3 2 14.7


PGIM Jennison Global Opport A GL/LG 4 3 14.5

WCM Focused Global Growth Instl GL/LG 3 - 14.4

Invesco Oppenheimer Gl Opps A GL/LG 5 4 14.4

Virtus SGA Global Growth A GL/GW 3 - 14.2

YEAR-TO-DATE

WORST PERFORMING INTERNATIONAL EQUITY FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS



Artisan Global Opportunities Inv GL/LG 3 1 14.6

SGI Global Equity I GL/LG 2 2 14.1

Invesco Oppenheimer Intl SMID Y FO/SB 3 3 14.1

American Funds New Economy A GL/LG 3 2 13.8

Guinness Atkinson Glob Innov Inv GL/LG 4 3 13.6

Harbor Global Leaders Admin GL/GW 3 1 13.5

Hartford Global Growth HLS IA GL/LG 3 2 13.5

Putnam Focused Equity A GL/LV 4 3 13.5

Lazard Global List Infrastruct Inst GL/SB 2 2 13.5

ProFunds UltraLatin America Inv FO/LA 5 5 -17.9

ProFunds UltraEmerg Markets Inv FO/EM 5 4 -12.7

Direxion Mo Emerg Mkts Bull 2X Inv FO/EM 5 4 -12.7

Rydex Emerging Market 2X Strat A FO/EM 5 4 -12.6

Evermore Global Value A GL/SV 4 4 -10.7

Commonwealth Africa Fund FO/EM 5 5 -9.3

US Global Inv China Region Opport PB/NJ 5 5 -9.1

BlackRock Emg Mkts Eq Strats Inv A FO/EM 5 - -8.6

Neuberger Berman Greater China Eq A PB/NJ 5 - -8.6

Guinness Atkinson China & HK Fund PB/NJ 5 4 -8.5

Destinations Real Assets I GL - - -37.9


ProFunds UltraShort Japan Inv PB/BM 5 5 -23.8

ProFunds UltraShort China Inv PB/BM 5 5 -20.2

Rydex Invr Emerging Mrkts 2X Str A FO/EM 5 5 -16.3

ProFunds UltraShort Emkt Inv FO/BM 5 5 -16.3

Invesco Global Mkt Neutral Fd Cl Y GL/MK 1 - -13.3


PIMCO RAE Low Volatility PLUS EMG I FO/EM 3 - -8.0

Matthews Emerging Asia Inst PB/NJ 2 - -7.8


ProFunds UltraShort Latin Amer Inv FO/BM 5 5 -21.8



Rydex Invr Emerging Mrkts 2X Str A FO/EM 5 5 -18.7


Invesco Global Mkt Neutral Fd Cl Y GL/MK 1 - -3.9

AllianzGI Global Natural Resourc I GL/LB 5 5 -3.7


Goldman Sachs Imprint EM Opp A FO/EM 3 5 -3.1




ProFunds UltraShort Latin Amer Inv FO/BM 5 5 -15.6


US Global Emerging Europe EU/MB 4 3 -1.5

Direxion Mo Emerg Mkts Bull 2X Inv FO/EM 5 4 -1.5

ProFunds UltraEmerg Markets Inv FO/EM 5 4 -1.2

Applied Finance Div Investor FO/EM 3 5 -1.1

AIG Intl Dividend Strategy A FO/LB 3 5 -0.9




F E B R U A R Y 2 0 2 0 4 1


YEAR-TO-DATE

BEST PERFORMING PARTIAL EQUITY FUNDS AS OF 1/31/20


ATAC Rotation Investor AA 5 - 8.5

Rational/ReSolveAdaptiveAssetAllc A AA/AB 3 - 7.1

RiverPark Long/Short Opportun Instl AA/LS 3 - 6.5

PIMCO StockPlus Long Duration Inst AA/LB 5 2 5.7

Direxion Mo NASDAQ-100 Bull 2X Inv AA/LB 5 2 5.7

Quantified STF Investor AA/MU 5 - 5.6

Campbell Systematic Macro P AA 3 - 5.3

Catalyst Systematic Alpha A AA/LS 3 - 5.1

Catalyst Insider Buying A AA/LB 4 - 4.4

Superfund Managed Futures Strat I AA/AB 4 - 4.3

1 YEAR


5 YEARS


10 YEARS




Direxion Mo S&P 500 Bull 2X Inv AA/LG 5 2 39.3

Probabilities Fund Class I AA/LS 3 - 32.2

Superfund Managed Futures Strat I AA/AB 4 - 31.8

Catalyst Systematic Alpha A AA/LS 3 - 31.2

Quantified STF Investor AA/MU 5 - 26.7

Wealthfront Risk Parity W AA/GL - - 25.3

Payson Total Return Fund AA/GL 3 1 24.7

AQR Risk Parity II HV I AA 3 - 24.1




Iman Fund K BA/LG 4 2 13.9

Metropolitan West Alpha Trak 500 AA/LB 3 1 13.6

Savos Dynamic Hedging AA 3 - 12.6

Johnson Enhanced Return Fund AA/LB 3 1 12.5

PIMCO StocksPLUS Inst AA/LB 3 1 12.3


Franklin Convertible Securities A CV/VL 2 2 11.3

YEAR-TO-DATE

WORST PERFORMING PARTIAL EQUITY FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS





Metropolitan West Alpha Trak 500 AA/LB 3 1 16.2

PIMCO StocksPLUS Inst AA/LB 3 1 14.7

PIMCO RAE PLUS A AA/LB 3 3 14.2

Iman Fund K BA/LG 4 2 13.2

Jackson Square Select 20 Grow IS AA/MG 4 3 12.5

Value Line Asset Alloc Investor AA/LG 2 2 11.8


AIG Commodity Strategy A AA/CM 2 5 -8.0

Hirtle Callaghan Commdty Reld HCS AA/CM 4 5 -7.4

Fidelity Commodity Strategy AA/CM - - -7.3

PGIM QMA Commodity Strategies R6 AA/CM - - -7.3

Leland Real Asset Opportuns A AA/LB 4 - -7.2

Invesco Balanced-Risk Commd Str A AA/CM 2 5 -7.1

SilverPepper Commod Strat Gl Mc Adv AA/CM 2 - -6.8

Causeway Global Absolute Rtrn Inst AA/MK 2 5 -6.0

Caldwell & Orkin Gator Capital L/S AA/LS 4 5 -5.7

Comstock Capital Value A FL/BM 4 5 -5.6

Direxion Mo S&P 500 Bear 2X Inv AA/BM 5 5 -32.1

ProFunds Short NASDAQ 100 Svc AA/BM 4 5 -24.5


Causeway Global Absolute Rtrn Inst AA/MK 2 5 -21.3

PIMCO StocksPLUS Short Instl AA/BM 3 5 -14.1

Invesco Long/Short Equity A AA/LS 3 - -12.9

AQR Multi Strategy Alternative I AA/MU 1 4 -12.8

AQR Equity Market Neutral I AA/MK 1 - -11.9

CGM Mutual Fund BA/LB 3 5 -10.9

Nuveen Eqty Market Neutral A AA/MK 1 - -10.6





AQR Managed Futures Stategy HV I AA/AB 3 - -7.1

Columbia MultiStrategy Altern A AA/MU 1 - -5.6

IMS Strategic Income Fund BA/MV 2 4 -5.3

MSIF Multi-Asset Fund L AA/MU 1 4 -4.5

AQR Managed Futures Strategy I AA/AB 2 4 -4.2

AQR Multi Strategy Alternative I AA/MU 1 4 -3.8





AIG Commodity Strategy A AA/CM 2 5 -4.1

Guggenheim Mgd Futures Strat A AA/AB 2 4 -1.5

IMS Strategic Income Fund BA/MV 2 4 -1.4

Leigh Baldwin Total Return Fund FL/LS 1 4 -0.8

Absolute Strategies I AA/MU 1 4 -0.5

Saratoga Municipal Bond C AA 2 5 0.2




4 2 F E B R U A R Y 2 0 2 0


YEAR-TO-DATE

BEST PERFORMING TAXABLE FIXED INCOME FUNDS AS OF 1/31/20


ProFunds US Government Plus Svc GS/LT 5 4 10.7

PIMCO Extended Duration Inst GS/LT 5 3 10.5

Vanguard Extended Dur Tre Idx I GS/LT 5 3 10.2

Rydex Govt Long Bond 1.2x Str Inv GS/LT 5 3 10.2

DFA LTIP Institutional GS/LT 5 - 8.2

Wasatch-Hoisington US Treasury GS/LT 5 3 8.0

Fidelity SAI Lg Trm Treasury Index GS/LT 5 - 7.7

Fidelity Long Treasury Bond Index GS/LT - - 7.5

Fidelity Series Long-Term TrsBd Idx GS/LT 5 - 7.5

PIMCO Long Term US Govt Inst GS/LT 5 3 7.4

1 YEAR


5 YEARS


10 YEARS




ProFunds US Government Plus Svc GS/LT 5 4 29.0



T. Rowe Price Instl Lng Dur Credit CG/LT 5 - 25.7

PIMCO Long Term Credit Bond Inst CH/LT 5 2 25.5

DFA LTIP Institutional GS/LT 5 - 25.3

Vanguard LT Corp Bond Index Adm CG/XB 5 2 24.9

Ryan Labs Long Credit CG/LT 5 - 24.4

Ashmore Emerging Mkts Corp Inc A IB/EM 5 3 8.0

Artisan High Income Fd Advisor Shs CH 4 - 7.3

LoCorr Long/Short Commodity Strat I DB 2 - 7.2


GMO Emerging Country Debt IV IB/EM 5 2 7.1

Destra Flaherty&Crumrine Prf&Inc I CG/LT 4 1 7.1

PIMCO Emerging Markets Bond Inst IB/EM 5 2 6.9

Victory High Yield A CH/IT 4 1 6.8

TIAA-CREF Emerging Mkts Debt Retail IB/EM 5 - 6.7

MainStay Candriam Emg Mkt Debt A IB/EM 5 3 6.7

YEAR-TO-DATE

WORST PERFORMING TAXABLE FIXED INCOME FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS




American Century ZeroCoupon 2025 In GS/25 4 3 10.1


GMO Emerging Country Debt IV IB/EM 5 2 9.4



Vanguard LT Corp Bond Index Adm CG/XB 5 2 8.3

Vanguard Long-Term Inv-Gr Inc Inv CG/LT 5 2 8.2

Nuveen Preferred Securities Fund A DB/IT 4 1 8.2

ProFunds Rising Rates Opport Svc GS/BM 5 5 -10.0

PIMCO CommoditiesPlus Strategy A DB/CM 5 5 -9.2

Rydex Inverse Gov Long Bond Inv GS/BM 5 5 -7.8

PIMCO Commodity Real Ret Str A DB/CM 5 5 -7.6

Nuveen Gresham Diversified Comm A DB/CM 5 5 -7.5

Credit Suisse Tr Cmdy Return Strat DB/CM 5 5 -7.4

Credit Suisse Cmdy Return Strat A CG/CM 5 5 -7.3

Van Eck Cm Commodity Index Fd Cl A DB/CM 5 5 -7.2

Direxion Mo 7-10Yr Treasure Bear 2X GS/BM 5 5 -6.4

ProFunds Rising Rates Opp 10 Inv GS/BM 5 5 -3.7





Access Flex Bear HiYld Investor CH/ST 4 5 -9.8

Rydex Inverse High Yield Strategy A CH/BM 4 5 -8.2

Rydex Weakening Dollar 2x Strat A GS/CU 5 5 -7.9

BlackRock Alloc Target Shrs P GM/IT 5 5 -7.8










Nuveen Gresham Diversified Comm A DB/CM 5 5 -4.8
















F E B R U A R Y 2 0 2 0 4 3


YEAR-TO-DATE

BEST PERFORMING MUNICIPAL BOND FUNDS AS OF 1/31/20


Nuveen CA High Yield Muni A MC/LT 4 3 2.9

Anchor Risk Mngd Muni Strats Instl MB 4 - 2.9

Nuveen High Yield Muni Bond A MB/HY 4 2 2.7

Invesco Oppenheimer HY Muni A MB/HY 4 2 2.7

Invesco Oppenheimer Roch Muni A MY/LT 4 3 2.7

Victory Tax-Exempt A MB/IT 4 3 2.6

AMG GW&K Muni Enhanced Yld I MB/HY 4 3 2.6

Nuveen Strategic Municipal Opps A MB/LT 3 - 2.6

Delaware Tax Free USA A MB/LT 3 3 2.5

BlackRock High Yield Municipal A MB/HY 3 1 2.5

1 YEAR


5 YEARS


10 YEARS




Anchor Risk Mngd Muni Strats Instl MB 4 - 14.3


Invesco Oppenheimer AMTFree A MB/HY 4 2 14.3


Invesco Oppenheimer Roch PA A MS/PA 5 3 13.5

Lord Abbett High Yield Muni Bd A MB/HY 3 1 13.4

AMG GW&K Muni Enhanced Yld I MB/HY 4 3 13.4

AB Municipal Income MB/HY 4 - 13.1



American Fds TaxAware CnsvGr&Inc A MB/IT 5 3 6.7

Goldman Sachs High Yield Muni A MB/HY 3 1 6.5



Invesco Oppenheimer Roch PA A MS/PA 5 3 5.9

BNY Mellon High Yield Muni Bond Z MB/HY 4 2 5.9

PIMCO High Yield Municipal Bond A MB/HY 3 1 5.7

Lord Abbett High Yield Muni Bd A MB/HY 3 1 5.7

YEAR-TO-DATE

WORST PERFORMING MUNICIPAL BOND FUNDS AS OF 1/31/20


1 YEAR


5 YEARS


10 YEARS






Goldman Sachs High Yield Muni A MB/HY 3 1 7.0

Invesco Oppenheimer CA Muni A MC/LT 4 2 7.0

Franklin California H/Y Muni A1 MC/HY 3 2 6.7

Invesco High Yield Muni A MB/HY 3 2 6.7

Delaware National H/Y Muni A MB/HY 3 2 6.6

BlackRock High Yield Municipal A MB/HY 3 1 6.5

Aberdeen Ultra Short Muni Inc Inst MB/ST 1 3 0.1

SEI Tax-Free Conservative Income F MB/ST 1 - 0.1

Eaton Vance Floating Rt Muni Inc A MB/IT 1 3 0.1

American Fds TaxAware CnsvGr&Inc A MB/IT 5 3 0.1

BMO Ultra Short Tax-Free Fund I MB/ST 1 3 0.2

Federated Muni Ultrashrt Inst MB/ST 1 3 0.2

DFA Short Term Municipal Bond I MB/ST 1 3 0.2

Wells Fargo Ultra S-T Muni Inst MB/ST 1 3 0.2

DFA CA Short-Term Municipal Bond I MB/ST 1 3 0.2

JPMorgan Ultra-Short Municipal A MB/ST 1 - 0.3


SEI Tax-Free Conservative Income F MB/ST 1 - 1.3




BMO Ultra Short Tax-Free Fund I MB/ST 1 3 1.8

Fidelity Conservative Inc Muni Bd MB/ST 1 - 1.9

JPMorgan Ultra-Short Municipal A MB/ST 1 - 1.9

Thornburg Low Duration Municipal A MB/ST 1 - 2.0


Clearwater Tax Exempt Bond Fund MB/IT 2 5 0.2

Thornburg Low Duration Municipal A MB/ST 1 - 0.8


SEI Short Duration Muni F (STET) MB/ST 1 3 0.8

PIMCO CA Sh Dur Muni Income A MC/ST 1 4 0.9




Fidelity Conservative Inc Muni Bd MB/ST 1 - 0.9

Bernstein Sht Duration Diverse Muni MB/ST 1 3 0.9

PIMCO CA Sh Dur Muni Income A MC/ST 1 4 0.7

SEI Short Duration Muni F (STET) MB/ST 1 3 0.8

BlackRock Short Term Muni I MB/ST 1 3 0.9

Bernstein Sht Duration Diverse Muni MB/ST 1 3 0.9

T. Rowe Price MD Sh-Term T/F MS/MD 1 4 0.9



Vanguard Short-Term Tax-Exempt Inv MB/ST 1 3 1.0

Federated Muni Ultrashrt Inst MB/ST 1 3 1.1





4 4 F E B R U A R Y 2 0 2 0


INTERNATIONAL EQUITYSPECIAL EQUITY

MUNICIPAL BOND

Value LineRankInv.

Fund Obj./Peer Risk Overall

TAXABLE FIXED INCOME

Value LineRankInv.


PARTIAL EQUITY

Value LineRankInv.


Value LineRankInv.


Value LineRankInv.


HIGHEST RANKED FUNDS BY CATEGORY AS OF 1/31/20

GENERAL EQUITY

Value LineRankInv.


Capital Group US Equity GR/LG 3 1

Pioneer Fund A GI/LB 3 1

Commerce Growth Fund GR/LG 3 1

MFS Mass Investors Gr Stk A GR/LG 3 1

Madison Investors Y GR/LG 3 1

American Funds Wash Mutual A GI/LV 3 1

Eaton Vance Atlanta Cap Focus Gr I GR/LG 3 1

GMO Quality III GR/LB 3 1

Jensen Quality Growth Fund J GR/LG 3 1

MFS Core Equity A GI/GW 3 1

Pear Tree Quality Ordinary GR/LB 3 1

AB Lg Cap Growth A GR/LG 3 1

Alger Growth & Income I-2 GI/LB 3 1

Manning & Napier Equity Series S GR/LB 3 1

Pioneer Fundamental Growth A GR/LG 3 1

Principal Capital Appreciation A GR/LB 3 1

Vanguard Mega Cap Index Instl GR/XL 3 1

T. Rowe Price Dividend Growth GI/LB 2 1

Boston US Equity Fund GR/LG 3 1

Praxis Growth Index A GR/LG 3 1

Putnam Growth Opportunities A GR/LG 3 1

Vanguard FTSE Social Idx Inst GR/LG 3 1

Walden Equity GR/LG 3 1

AB Select US Eqt A GR/LG 3 1

BNY Mellon Appreciation Investor GR/LB 3 1

Fidelity Select Software & IT Svcs TC/LG 4 1

Janus Henderson VIT Global Tech Ins TC/GL 4 1

Janus Henderson Global Tech D TC/GL 4 1

Vanguard Information Tech Index Adm TC/LG 4 1

Fidelity Select Wireless TC/LG 3 1

Goldman Sachs Tech Opportuns A TC/GL 4 1

Columbia Global Tech Growth Inst TC/LG 4 1

Fidelity Select IT Services TC/LG 4 1

Putnam Global Technology A TC/GL 4 1

Fidelity Select Technology TC/LG 5 2

Red Oak Technology Select TC/LG 4 2

Fidelity Adv Technology M TC/LG 5 2

Fidelity Select Utilities UT/LV 2 2

DWS Science and Technology A TC/LG 4 2

BlackRock Technology Opportuns A TC/LG 5 2

Fidelity Adv Utilities Fund A UT/LV 2 2

Rydex Technology Inv TC/LG 4 2

Fidelity Telecom/Utilities Fd UT/LV 2 2

Vanguard Utilities Index Adm UT/LV 2 2

Wells Fargo Utility & Telecom A UT/MV 2 2

Baron Opportunity Fund Retail TC/MG 4 2

Fidelity Select Medcl Tech&Devices HL/MG 4 2

T. Rowe Price Science & Tech Fd TC/LG 5 2

Franklin DynaTech A TC/LG 4 2

ICON Information Technology S TC/LG 4 2

MFS Global Growth A GL/LG 3 1

Columbia Select Global Equity A GL/LG 3 1

Trillium ESG Global Equity Retail GL/LB 3 1

Frontier MFG Global Equity Instl GL/LG 2 1

BNY Mellon Global Stock A GL/LG 3 1

American Funds Global Insight F3 GL/VL 3 1

BNY Mellon Wrldwde Growth A GL/LG 3 1

Victory RS Global C GL/GW 3 1

Virtus Vontobel Global Opports A GL/LG 3 1

Harbor Global Leaders Admin GL/GW 3 1

Fidelity Trend Fund GL/LG 3 1

American Funds New Perspective A GL/LG 3 1

Northern Glob Sustain Idx GL/LB 3 1

Artisan Global Opportunities Inv GL/LG 3 1

Pax ESG Beta Quality Inv GL/LB 3 1

Artisan Global Equity Inv GL/LG 3 1

Pax Ellevate Glb Womens Ldrsp Ins GL/LG 3 1

Vanguard Global Equity Inv GL/LV 3 1

Fidelity Series All Sector Eqty GL/LB 3 1

MSIF International Advantage I GL/LG 3 1

American Century Focus Glb Grw Inv GL/LG 3 2

Hartford Global Growth HLS IA GL/LG 3 2

USAA World Growth Fund GL/LG 3 2

Timothy Plan Israel Common Values A FO/SG 3 2

Guinness Atkinson Dividend Builder GL/LB 2 2

Fidelity Freedom Index 2035 Inv AA/35 2 1





MFS Aggressive Gr Alloc I AA/GL 3 1

Fidelity Four In One Index Fund AA/LB 2 1

Vanguard Target Retiremt 2040 Inv AA/40 2 1

TIAA-CREF Lifecycle Index 2045 Inst AA/45 3 1


MFS Lifetime 2055 A AA/55 3 1




Fidelity Adv Freedom 2035 A AA/35 2 1

Metropolitan West Alpha Trak 500 AA/LB 3 1


T. Rowe Price Retirement 2045 AA/45 3 1






Johnson Enhanced Return Fund AA/LB 3 1

American Funds Tgt Dt Rtrmt 2045 A AA/45 2 1

Eaton Vance Core Plus Bond A DB/IT 3 1

T. Rowe Price Glob MultiSec Bd Inv DB/IT 3 1

Pioneer Strategic Income A DB/IT 2 1

AMG Managers Loomis Sayles Bond N CG/IT 3 1

Muzinich Credit Opportunities SI CH/IT 3 1

TCW High Yield Bond I CH/IT 3 1

Dodge & Cox Income Fund DB/IT 2 1

T. Rowe Price Spectrum Income DB/IT 3 1

USAA Intermediate-Term Bond Fd CG/IT 3 1

MSIFT Core Plus Fix Income Port I DB/IT 3 1

RiverNorth/Doubleline Strat Inc I DB 3 1

BNY Mellon Corporate Bond Inv CG/IT 3 1

PIMCO Fixed Income SHares M DB/IT 3 1

Great-West Multi Sector Bond Inv DB 3 1

Loomis Sayles Invst Gr Bd Y CG/IT 3 1

T. Rowe Price Emg Mrks Corp Bd IB/EM 4 1

Hartford Strategic Income A DB/IT 3 1

Lord Abbett Income A CG 3 1

MorgStan Global Fixed Inc Opport A IB/GL 2 1

PIMCO Invest Grade Credit Bond Ins DB 4 1

RBC BlueBay High Yield Bond I IB/GL 4 1

BMO TCH Core Plus Bond Fund I CG/IT 3 1

Performance Trust Strategic Bond I GS/IT 3 1

Victory Strategic Income A DB/IT 3 1

Pacific Funds Strategic Income Adv DB/IT 4 1

Wells Fargo High Yld Muni Bd C MB/HY 2 1

Brown Advisory Tax Exempt Bond Inv MB/IT 2 1

Hartford Muni Opportunities A MB/HY 3 1

BNY Mellon Muni Opportunities M MB/IT 2 1

T. Rowe Price MD Tax Free Bond MS/MD 3 1

American Funds High Inc Muni Bnd A MB/HY 3 1

Pioneer High Income Municipal A MB/HY 3 1

SEI T/E Tr-Tax Advantaged Income F MB/LT 3 1

Wells Fargo Muni Bond Fund A MB/LT 3 1

T. Rowe Price Tax Free High Yld Rtl MB/HY 3 1

American Century High Yld Muni Inv MB/HY 3 1

BlackRock High Yield Municipal A MB/HY 3 1

MFS Municipal High Income Fund A MB/HY 3 1

AB Muni Inc II-NJ A MS/NJ 3 1

MFS PA Municipal Bond Fund A MS/PA 3 1

Invesco Interm-Term Muni Inc A MB/IT 2 1

AB Muni Inc II-PA A MS/PA 3 1

American Funds T/E Bd of America A MB/LT 3 1

Goldman Sachs High Yield Muni A MB/HY 3 1

Federated Muni High Yld Advntg F MB/HY 3 1

USAA Tax-Exempt Long Term Fund MB/LT 3 1

Eaton Vance AMT-Free Muni Income I MB/LT 3 1

Nuveen Interm Duratn Muni I MB/IT 3 1

Elfun Tax Exempt Income MB/LT 3 1

USAA Tax-Exempt Interm-Term MB/IT 3 1



F E B R U A R Y 2 0 2 0 4 5


CONSERVATIVE FUNDS WITH HIGH OVERALL RANKS AS OF 1/31/20

GENERAL EQUITY

SPECIAL EQUITY

Value LineRank

Inv.Fund Obj./Peer YTD 3 Mo. 6 Mo. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Risk Overall

AQR Large Cap Defensive Style I GI/LB 0.6 5.6 7.6 21.6 15.8 13.7 — 2 1

Calvert Equity Port A GR/LG 1.5 7.1 8.9 29.6 21.3 14.8 14.4 2 1

Russell Sustainable Equity E GR/LB -1.2 4.2 7.8 18.3 12.6 10.7 12.4 2 1

T. Rowe Price Dividend Growth GI/LB 0.2 6.1 8.1 22.9 15.1 12.8 13.7 2 1

Aberdeen Income Builder I GI/LB 0.3 4.8 7.2 16.0 10.0 8.7 11.1 2 2

American Century Equity Income Inv IN/LV -1.5 2.7 4.6 15.5 9.6 10.1 11.1 2 2

American Funds Grw&Inc Port 529 A GI/LB -0.6 5.1 6.9 14.3 9.7 7.8 — 2 2

American Funds Mutual Fund A GI/LV -1.1 4.0 6.5 14.8 10.9 9.5 11.7 2 2

BMO Low Volatility Equity I GR/LB 0.7 3.9 6.6 18.7 11.3 9.2 — 2 2

BlackRock 80/20 Target Allocation A AG/LB 0.1 5.1 7.2 16.3 9.7 7.5 9.8 2 2

Carillon Eagle Growth & Income A GI/LV -0.9 3.1 4.7 15.2 12.0 10.0 11.4 2 2

City Nat Rochdale Div & Income N GI/LV 1.2 3.9 7.8 17.7 7.3 7.4 10.3 2 2

Fallen Angels Income Fund IN/LV 0.3 4.3 3.3 16.1 10.2 7.8 8.4 2 2

Fidelity Strategic Div & Inc GI/LB -0.5 3.5 5.9 14.6 9.1 7.9 10.8 2 2

Goldman Sachs US Eq Div & Prem A GI/LV -0.4 4.1 7.1 16.1 9.5 9.4 11.2 2 2

Invesco Diversified Div Inv GI/LB -1.8 2.7 6.7 15.4 6.8 7.8 10.9 2 2

JPMorgan Investor Gr & Inc Fund A GI/LB -0.1 4.3 5.9 13.3 8.8 7.2 8.7 2 2

Janus Henderson US Mgd Vol A GR/LB 2.4 4.6 7.0 16.5 12.3 10.0 12.8 2 2

Madison Diversified Income A IN/LV -1.1 2.2 3.7 14.2 9.5 7.7 8.4 2 2

MainStay Epoch US Equity Yield A GI/LV -1.2 2.7 6.2 15.5 10.0 8.8 11.3 2 2

Neiman Large Cap Value No Load GR/LV -1.1 2.3 4.3 15.1 9.7 8.1 9.3 2 2

Neuberger Berman Large Cap Val Inv GR/LV -2.4 3.1 5.6 13.3 10.4 10.1 10.7 2 2

Prospector Capital Appreciation Fd GR/LB -0.9 3.0 3.2 14.1 9.1 8.2 8.4 2 2

SEI Inst Inv Tr-US Managed Volaty A GR/LV -0.9 3.5 6.9 16.2 11.3 9.9 13.9 2 2

SEI Inst Mgd Tr-Tax Mgd Volatil F GR/LG 0.4 5.0 7.8 18.2 11.4 9.8 13.2 2 2

Value LineRank


Fidelity Adv Real Estate Income A RE/MV 1.4 1.8 5.7 13.0 7.9 6.7 — 1 2

Fidelity Real Estate Income RE/MV 1.4 1.8 5.9 13.3 8.2 6.9 9.4 1 2

Fidelity Series Real Estate Inc RE/VL 1.3 2.0 5.5 13.0 8.0 6.7 — 1 2

American Century Gl Real Estate A RE/LB 1.4 1.1 10.4 18.8 11.4 5.8 — 2 2

American Century Utilities Inv UT/LV 3.6 5.0 12.5 19.6 8.6 8.0 11.0 2 2

Cohen & Steers Glb Infrastructure A UT/LB 2.1 4.4 8.3 17.5 12.2 7.2 9.2 2 2

Cohen & Steers Global Realty I RE/LB 1.2 0.5 8.1 14.3 10.7 7.0 9.6 2 2

Cohen & Steers Intl Realty A RE/LB 1.3 4.5 11.9 13.8 13.0 7.1 7.7 2 2

DFA Global Real Estate Portfolio RE/MB 0.8 0.2 7.7 15.1 9.9 6.2 11.2 2 2

Fidelity Adv Utilities Fund A UT/LV 5.1 7.4 14.5 24.7 16.8 10.4 12.8 2 2

Fidelity Intl Real Estate RE/LB 0.5 4.7 12.1 18.1 14.4 8.5 9.5 2 2

Fidelity Select Utilities UT/LV 5.1 7.4 14.5 25.3 17.2 10.8 13.2 2 2

Fidelity Telecom/Utilities Fd UT/LV 2.6 3.9 11.0 21.0 12.2 9.9 12.8 2 2

Frontier MFG Core Infrastruct Instl UT/GL 3.4 6.3 13.5 23.1 13.9 9.0 — 2 2

ICON Utilities Fund S UT/LV 3.8 6.1 11.6 19.3 12.2 10.1 11.3 2 2

Janus Henderson Global Real Est C RE/MB 1.2 1.3 10.0 19.2 13.0 7.4 9.3 2 2

MFS Global Real Estate A RE/MB 1.3 1.2 8.9 15.6 11.1 7.5 10.1 2 2

MFS Utilities A UT/LV 4.1 5.8 12.6 22.7 13.4 7.6 10.7 2 2

PGIM Jennison Utility A UT/MV 5.7 8.8 16.1 27.3 14.9 9.2 13.2 2 2

Rydex Utilities H UT/MV 5.6 6.8 12.3 21.3 12.7 8.9 11.1 2 2

Vanguard Utilities Index Adm UT/LV 6.0 7.3 16.0 27.8 15.4 11.2 13.2 2 2

Virtus Duff & Phelps Gl Real Est A RE/MB 1.7 2.1 11.5 19.0 12.2 7.2 11.5 2 2

Virtus Duff&Phelps IntlRealEst SecA RE/MV 1.3 4.5 12.7 17.0 13.6 7.3 9.5 2 2

Wells Fargo Utility & Telecom A UT/MV 5.1 7.5 13.2 27.8 15.9 10.2 11.9 2 2

Fidelity Select Wireless TC/LG 0.1 7.8 15.5 33.5 16.8 12.3 12.7 3 1



4 6 F E B R U A R Y 2 0 2 0



INTERNATIONAL EQUITY

PARTIAL EQUITY

Value LineRank


Value LineRank


Hartford Balanced Income A AA/VL 0.7 3.3 5.9 14.6 8.1 7.1 8.7 1 2

Nuveen Real Asset Income Fd A BA/GL 1.2 2.9 7.6 16.0 8.4 6.0 — 1 2

USAA Growth & Tax Strategy BA/LB 0.9 4.3 6.1 15.0 9.6 7.5 8.9 1 2

Vanguard Tax-Managed Balanced Adm BA/LB 0.9 4.4 5.7 14.1 9.3 7.6 8.8 1 2

Vanguard Wellesley Income Inv FL/VL 1.3 3.1 6.1 14.2 8.1 6.6 7.7 1 2

American Funds Tgt Dt Rtrmt 2035 A AA/35 -0.6 5.1 6.7 14.9 10.1 8.4 10.1 2 1




American Funds Tgt Dt Rtrmt 2055 A AA/55 -0.8 5.5 7.1 15.7 10.8 8.9 — 2 1

BlackRock LifePath Index 2040 A AA/40 -0.9 4.3 7.0 14.7 10.2 8.0 — 2 1

Boston Trust Asset Management Fund AA/LG -0.3 4.8 6.9 19.3 12.5 10.2 10.4 2 1

Fidelity Adv Freedom 2035 A AA/35 -1.4 4.2 6.6 15.1 10.3 8.5 9.3 2 1

Fidelity Balanced Fund BA/LB 0.9 6.1 8.3 17.7 11.2 8.8 10.3 2 1

Fidelity Four In One Index Fund AA/LB -0.4 4.7 7.2 16.4 10.8 8.8 10.3 2 1

Fidelity Freedom 2030 AA/30 -1.1 3.9 6.4 13.5 9.4 8.0 8.9 2 1

Fidelity Freedom 2035 Fund AA/35 -1.7 4.4 6.9 14.2 10.1 8.5 9.4 2 1

Fidelity Freedom Index 2035 Inv AA/35 -0.6 4.3 7.0 15.8 10.9 8.8 9.4 2 1

Guidestone Mydestination 2045 Inv AA/45 -0.9 4.1 7.0 15.1 10.3 7.7 9.5 2 1

Harbor Target Retirement 2045 Inst AA/45 -0.7 4.5 6.9 15.7 10.1 7.9 9.3 2 1

JHancock Multi-Index 2045 Presv 1 AA/45 -0.8 4.1 6.5 14.1 9.6 7.9 — 2 1

JHancock Multi-Index 2050 Presv 1 AA/50 -0.9 4.1 6.6 14.3 9.7 8.0 — 2 1

JPMorgan SmartRetire Blend 2040 R5 AA/45 -1.0 3.8 6.7 14.5 9.8 8.0 — 2 1

JPMorgan SmartRetire Blend 2045 R5 AA/45 -1.3 3.7 6.7 14.5 9.9 8.0 — 2 1

Janus Henderson Balanced D BA/LG 1.1 5.7 8.2 18.7 13.0 9.4 9.7 2 1

Frontier MFG Global Equity Instl GL/LG 1.8 7.8 8.5 23.6 16.9 12.4 — 2 1

BNY Mellon Global Equity Income A GL/LV -1.5 2.8 6.3 16.8 10.6 9.0 9.5 2 2

Goldman Sachs Growth Strategy A GL/LB -0.4 4.1 6.8 13.3 8.7 7.0 7.7 2 2

Guinness Atkinson Dividend Builder GL/LB -0.6 4.8 9.6 19.7 12.9 8.6 — 2 2

Lazard Global List Infrastruct Inst GL/SB 3.3 5.3 9.7 19.4 13.7 10.9 13.5 2 2

MFS Intl Intrinsic Value A FO/LV -0.6 4.0 8.2 19.2 11.9 9.1 10.0 2 2

MSIF Global Franchise A GL/LG 1.6 7.8 8.4 25.9 16.2 12.7 12.6 2 2

MSIF Select Glb Infrastructure I GL/LG 2.0 6.1 10.2 20.5 11.1 6.1 — 2 2

Nuveen Global Infrastruct A GL/LG 2.1 4.7 10.2 21.6 12.1 7.6 9.5 2 2

SGI Global Equity I GL/LG 1.0 4.8 6.5 18.6 13.1 6.4 14.1 2 2

Sextant International Fund FO/LB -0.1 3.5 4.3 18.5 14.0 9.1 6.2 2 2

VY Morgan Stanley Glob Franch S GL/LG 1.7 7.9 8.7 26.1 16.3 12.8 12.7 2 2

Virtus Duff & Phelps Global Infra A GL/LV 2.9 5.9 9.0 21.4 12.3 7.8 10.0 2 2

Virtus KAR Glob Quality Dividend A GL/LV 0.3 3.7 8.5 16.0 9.2 7.4 10.1 2 2

American Funds Global Insight F3 GL/VL -0.9 4.8 8.7 20.4 13.9 9.7 — 3 1

American Funds New Perspective A GL/LG 0.1 7.2 9.4 20.3 14.8 11.2 11.4 3 1

Artisan Global Equity Inv GL/LG 1.7 7.1 8.2 23.9 17.7 10.9 — 3 1

Artisan Global Opportunities Inv GL/LG 0.3 7.3 7.9 26.2 15.2 12.9 14.6 3 1

BNY Mellon Global Stock A GL/LG -1.6 4.1 6.6 18.2 14.4 10.8 10.0 3 1

BNY Mellon Wrldwde Growth A GL/LG -0.3 6.9 9.3 26.0 15.0 10.6 11.1 3 1

Columbia Select Global Equity A GL/LG 1.6 9.2 11.0 28.4 19.4 13.1 11.3 3 1

Fidelity Series All Sector Eqty GL/LB 0.4 8.1 10.3 21.3 13.8 11.5 13.3 3 1

Fidelity Trend Fund GL/LG 3.5 11.8 12.9 28.9 19.2 14.7 16.0 3 1

Harbor Global Leaders Admin GL/GW 1.4 7.7 10.4 27.6 20.6 12.4 13.5 3 1

MFS Global Growth A GL/LG -1.1 6.2 8.7 24.3 17.2 11.9 10.9 3 1



F E B R U A R Y 2 0 2 0 4 7


TAXABLE FIXED INCOME


MUNICIPAL BOND

Value LineRank


Value LineRank


GMO Opportunistc Income-VI DB 1.0 0.9 1.9 4.8 4.7 4.4 6.0 1 1

MSIFT Short Duration Port I CG/ST 0.6 0.9 2.1 4.3 2.8 3.3 2.6 1 2

Thompson Bond Fund CG/ST 0.7 1.4 2.5 5.4 3.9 3.9 4.1 1 2

BlackRock Manged Income K CG/LT 0.4 2.0 3.4 7.8 4.6 3.9 5.7 2 1

Dodge & Cox Income Fund DB/IT 1.6 2.1 4.1 9.9 5.0 3.8 4.5 2 1

MorgStan Global Fixed Inc Opport A IB/GL 1.0 1.5 2.5 8.6 5.7 4.0 5.8 2 1

MorgStan Mtge Sec Tr A GM/IT 1.2 1.4 3.0 7.2 4.9 4.4 5.0 2 1

PIMCO Income A DB/IT 0.8 2.5 2.7 6.7 5.1 5.1 7.8 2 1

PIMCO Intl Bond (US$ hedged)Instl IB/FO 1.6 1.4 2.0 7.6 5.3 4.1 5.8 2 1

Pioneer Strategic Income A DB/IT 1.2 2.4 4.1 9.4 4.5 3.8 4.8 2 1

Thornburg Strategic Income A DB/IT 0.7 1.4 2.7 6.6 4.4 3.8 5.0 2 1

Western Asset Intermediate Bond I GS/IT 1.3 1.8 3.4 8.0 4.2 3.3 4.0 2 1

AB Global Bond A IB/GL 1.8 1.7 2.8 7.5 4.1 3.1 3.4 2 2

AMG Mgr DoubleLine CorePlus Bond N DB/IT 1.8 2.1 3.3 8.5 4.3 3.3 — 2 2

Aberdeen Glob Absolut Ret Strat IS IB/GL 2.1 3.3 5.7 8.7 3.8 3.6 2.5 2 2

AllianzGI Short Duration High Inc A CH/ST 0.4 1.3 3.4 5.8 3.5 4.0 — 2 2

Aquila Three Peaks High Income A CH/IT 0.1 0.6 1.7 4.8 3.4 3.7 4.0 2 2

Ave Maria Bond DB/IT -0.3 0.8 2.3 6.5 4.0 3.4 4.0 2 2

BNY Mellon Global Dynamic Bd Inc A IB/GL 1.1 1.6 2.4 8.2 4.1 2.6 — 2 2

BlackRock Strategic Inc Opps Inst DB/ST 0.7 1.7 2.6 6.8 3.9 2.8 4.2 2 2

Cavalier Adaptive Income Instl CG/IT 0.4 0.7 1.3 4.5 4.4 4.0 3.2 2 2

Ivy Global Bond Fund A IB/GL 1.3 2.4 2.4 7.1 4.1 3.7 3.1 2 2

JPMorgan Shrt Duration Core Plus R6 DB/ST 0.8 1.2 2.4 5.9 3.7 3.9 — 2 2

Loomis Sayles Interm Dur Bond Y DB/IT 1.4 1.4 3.3 8.0 4.0 2.8 3.6 2 2

Loomis Sayles Securitzed Asset GM/IT 1.2 1.2 2.9 7.2 4.6 3.6 5.0 2 2

BNY Mellon Muni Opportunities M MB/IT 1.9 2.6 3.7 9.2 5.8 3.8 5.2 2 1

Brown Advisory Tax Exempt Bond Inv MB/IT 1.9 2.4 3.7 8.3 5.2 3.3 — 2 1

Colorado Bond Shrs Tax-Exmt A MS/CO 0.8 1.3 2.6 6.6 5.7 4.7 4.4 2 1

Goldman Sachs Dyn Muni Income A MB/LT 1.6 2.6 3.3 8.4 5.5 3.7 4.6 2 1

Invesco Interm-Term Muni Inc A MB/IT 1.6 2.1 2.9 7.9 4.6 3.1 4.0 2 1

Nuveen Shrt Trm High Yld Muni Bd A MB/ST 1.7 2.5 3.5 8.6 6.5 3.6 — 2 1

Segall Bryant&Hamill CO TaxFee Ret MS/CO 1.5 1.8 2.8 7.6 4.4 3.0 3.7 2 1

Sit Tax Free Income MB/LT 1.7 2.1 3.1 8.2 5.5 3.6 5.0 2 1

Wells Fargo High Yld Muni Bd C MB/HY 1.4 2.0 3.5 9.4 6.9 4.3 — 2 1

AB Muni Inc II-AZ A MS/AZ 1.6 2.0 2.9 7.5 4.5 3.2 3.9 2 2

BlackRock CA Muni Opports I MC/IT 1.2 2.4 2.7 8.0 5.3 3.8 4.5 2 2

BlackRock NY Muni Opports Instl MY/IT 1.4 2.5 2.8 8.3 5.4 3.9 4.9 2 2

BlackRock Strategic Muni Opps I MB/IT 1.4 2.5 2.7 7.9 5.6 4.0 4.9 2 2

Brown Advisory Maryland Bond Inv MS/MD 1.7 2.2 3.2 7.8 4.3 2.8 2.4 2 2

Delaware Tax Free Idaho A MS/ID 1.7 2.2 3.4 7.9 4.4 2.9 3.4 2 2

Franklin New Jersey Tax-Free Inc A1 MS/NJ 1.8 2.2 3.1 7.9 4.0 2.8 3.6 2 2

Ivy Municipal High Income Fund A MB/HY 1.3 1.8 2.7 6.7 4.2 3.1 4.9 2 2

Sit MN Tax Free Income MS/MN 1.4 1.6 2.7 7.6 4.9 3.2 4.3 2 2

USAA Virginia Bond MS/VA 1.4 1.9 2.8 7.2 4.3 3.1 4.2 2 2

Wells Fargo MN Tax-Free Admin MS/MN 1.4 1.8 2.6 6.9 4.1 2.9 3.9 2 2

Wells Fargo PA Tax-Free A MS/PA 1.5 1.8 2.6 7.4 4.7 3.1 4.5 2 2

AB Muni Inc II-NJ A MS/NJ 1.7 2.3 3.2 8.3 5.1 3.4 3.9 3 1

AB Muni Inc II-PA A MS/PA 1.6 2.1 3.0 7.9 4.5 3.0 3.8 3 1

American Century High Yld Muni Inv MB/HY 1.9 2.7 4.3 10.9 7.0 5.0 6.0 3 1

American Funds High Inc Muni Bnd A MB/HY 1.7 2.5 3.9 10.1 6.6 4.7 6.2 3 1



4 8 F E B R U A R Y 2 0 2 0


THE VALUE LINE FUND ADVISOR PLUS551 Fifth Avenue, New York, NY 10176

6233 General Equity

232 Aggressive Growth 1.0 6.9 6.2 17.0 12.0 8.7 9.8

3080 Growth -0.3 6.0 6.4 17.5 12.0 9.4 11.3

986 Growth/Income -1.6 4.2 5.8 15.0 9.8 8.3 10.5

369 Income -1.6 3.2 5.1 12.9 8.0 6.9 9.0

1566 Small Company -2.4 4.0 2.6 10.3 7.7 7.6 10.7

1104 Special Equity

198 Energy/Natural Res. -8.4 -1.4 -8.2 -10.2 -8.2 -5.7 -2.4

70 Financial Services -3.1 3.8 4.3 13.3 6.2 8.8 9.0

109 Health -3.1 8.9 9.7 12.6 13.1 6.9 13.9

57 Other Specialty -3.3 1.6 2.5 8.3 4.5 3.6 5.6

58 Precious Metals -0.8 6.2 10.7 27.5 4.0 5.8 -1.5

366 Real Estate 1.0 0.6 7.7 14.4 8.7 5.2 10.2

185 Technology 2.2 10.5 9.8 27.7 20.2 16.6 15.4

61 Utilities 4.2 6.5 12.4 22.3 12.3 8.4 10.8

3198 International Equity

70 Europe Equity -2.5 3.7 7.5 14.5 6.9 4.0 5.4

1991 Foreign Equity -3.1 2.6 5.6 9.9 7.2 4.6 5.0

972 Global Equity -1.1 4.8 6.4 14.3 9.7 7.2 8.6

165 Pacific Equity -4.0 1.1 4.3 8.8 8.5 5.4 5.2

4091 Partial Equity

3478 Asset Allocation -0.4 3.1 4.6 10.9 6.8 5.2 6.7 399 Balanced -0.1 3.5 5.2 12.6 7.7 5.8 7.4 71 Convertible 2.2 7.2 6.5 16.5 10.5 7.4 8.3 143 Flexible -0.1 2.6 3.8 9.3 5.8 4.2 5.6

3966 Taxable Fixed Income

651 Corp-High Quality 1.4 1.8 3.5 8.2 3.9 2.6 3.3

667 Corporate-High Yield 0.1 2.2 2.9 7.8 4.4 4.2 5.3

1307 Diversified Bond 1.0 1.6 2.9 7.2 3.7 2.8 3.4

515 Government 1.6 1.8 3.1 7.1 3.1 1.9 2.3

273 Govt-Mortgage 0.9 1.0 2.3 5.8 2.9 2.0 2.7

553 International Bond 0.7 2.0 2.5 7.5 4.6 3.2 3.3

1615 Tax-Free Fixed Income

178 Muni California 1.7 2.1 3.1 8.2 4.5 2.9 4.0

754 Muni National 1.5 2.0 2.8 7.5 4.3 2.7 3.5

127 Muni New York 1.8 2.2 3.0 8.2 4.4 2.8 3.5

556 Muni Single State 1.6 2.0 2.8 7.4 3.8 2.5 3.2

20207 Average, All Funds -0.4 3.5 4.8 11.6 6.9 5.2 6.4

MARKET INDICES

S&P 500 0.0 6.7 9.3 21.7 14.5 12.4 14.0

Russell 3000 -0.1 6.7 8.6 20.5 13.8 12.3 14.1

MSCI EAFE -2.1 2.0 5.1 8.9 4.8 2.3 2.8

MSCI WORLD -0.7 4.9 7.1 15.5 9.3 6.9 7.7

Bloomberg Barclays Agg 1.9 1.8 4.2 9.7 4.6 3.0 3.8

Bloomberg Barclays HY 0.0 2.4 3.4 9.4 5.9 6.0 7.4

Bloomberg Barclays MUNI 1.8 2.4 3.3 8.7 5.1 3.5 4.5

Total Return Performance Through 1/31/20No. Annualized

Funds Objective YTD 3 Mos 6 Mos 1 Yr 3 Yrs 5 Yrs 10 Yrs

Benchmark Performance Averages

Documents

THE V LINE · SAMSUNG SDI COMPANY LTD 7700 1503 2.39 VOLTRONIC POWER TECH CORP 67200 1488 2.37 PT BANK RAKYAT INDONESIA 4897800 1468 2.33 ACCENTURE PLC 7800 1446 2.30 BANCO BRADESCO