Portfolio Columbia Mid Cap Value A CMUAX Style Box Details Size Average Mkt Cap $Mil 4,087 01-31-09 Ownership Zone Large Mid Fund centroid represents weighted average of domestic stock holdings Market Capitalization W of Portfolio 0.00 23.33 68.59 7.93 0.15 Giant Large Medium Small Micro Small Value Blend Growth Zone represents 75% of fund's domestic stock holdings Investment Style History (as of 12-31) 2009 2008 2007 BABA Valuations and Growth Rates Price/Prospective Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield Long-Term Earnings Historical Earnings Sales Growth Cash-Flow Growth Book-Value Growth Stock Portfolio 9.7 1.1 0.5 4.4 3.7 Rel to S&P 500 TR 0.9 0.7 0.8 0.9 0.9 Rel to Category 1.0 1.0 1.0 1.0 1.1 10.5 9.6 8.6 4.0 6.4 1.1 1.4 1.0 0.5 -8.3 1.0 1.4 1.4 1.0 1.7 Style Box Detail calculations do not include the fund's short positions (if any). Style Box Detail calculations do not include the fund's short positions (if any). Asset Allocation 01-31-09 % Long 96 Short Cash 4.6 0.0 Stocks 94.5 0.0 Bonds 0.3 0.0 Other 0.5 0.0 Foreign Stocks 2.2 0.0 (as a % of assets) 96 Net Assets 4.6 94.5 0.3 0.5 2.2 50 100 Sector Weightings 01-31-09 Rel to Cat Avg 9 of Stocks Rel to S&P 500 TR 2.13 4.08 0.00 0.00 0.51 0.39 0.00 0.00 0.79 0.85 0.00 0.00 Information LT Software A Hardware Media El Telecommunications Service Healthcare Consumer Services Business Services S Financial Services od Manufacturing Consumer Goods Industrial Materials Energy Utilities 6.53 5.59 2.92 23.63 0.42 0.65 0.56 2.41 0.88 0.65 0.36 1.06 15.91 16.72 8.27 14.22 1.49 1.58 0.59 3.26 1.49 1.14 1.02 1.51 Portfolio Heartland Select Value HRSVX Style Box Details 12-31-08 Size Ownership Zone Average Mkt Cap $Mil 6,011 Fund centroid represents weighted average of domestic stock holdings Market Capitalization PIW W of Portfolio 14.41 23.46 47.06 11.17 3.89 Giant Large Medium Small Micro Small Value Blend Growth Zone represents 75% of fund's domestic stock holdings Investment Style History (as of 12-31) 2008 2007 2006 DR. B.: Stock Portfolio 9.6 1.1 0.4 5.4 2.7 Valuations and Growth Rates Price/Prospective Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield Long-Term Earnings Historical Earnings Sales Growth Cash-Flow Growth Book-Value Growth Rel to S&P 500 TR 0.9 0.8 0.7 1.1 0.7 Rel to Category 1.0 1.1 0.9 1.3 0.8 11.8 17.7 8.2 3.5 9.3 1.2 2.7 1.0 0.4 -12.1 1.1 2.6 1.3 0.9 2.4 Style Box Detail calculations do not include the fund's short positions (if any). Style Box Detail calculations do not include the funds short positions (if any). Asset Allocation 12-31-08 Net 96 Long Short Assets Cash 4.2 0.0 4.2 Stocks 95.8 0.0 95.8 Bonds 0.0 0.0 0.0 Other 0.0 0.0 0.0 Foreign Stocks 102 0.0 10.2 (as a % of assets) 50 100 12-31-08 Sector Weightings 96 of Stocks Rel to SBP SOO TR Rel to Cat Avg SODE 0.00 12.28 0.00 1.95 0.00 1.19 0.00 0.48 0.00 2.54 0.00 1.07 Information Software Hardware Media Telecommunications Service Healthcare Consumer Services Business Services Financial Services Manufacturing Consumer Goods Industrial Materials O Energy Utilities 14.19 10.74 6.10 8.94 0.91 1.25 1.16 1.90 1.25 0.75 0.40 0.91 DOOLUTI 4.64 23.63 9.83 7.69 0.44 2.23 0.70 1.76 0.43 1.61 1.21 0.82 Sector weighting calculations do not include the fund's short positions (if any). Which fund has the smaller average firm size in its holdings? o Heartland Select Value o Columbia Mid Cap Value A Portfolio Columbia Mid Cap Value A CMUAX Style Box Details Size Average Mkt Cap $Mil 4,087 01-31-09 Ownership Zone Large Mid Fund centroid represents weighted average of domestic stock holdings Market Capitalization W of Portfolio 0.00 23.33 68.59 7.93 0.15 Giant Large Medium Small Micro Small Value Blend Growth Zone represents 75% of fund's domestic stock holdings Investment Style History (as of 12-31) 2009 2008 2007 BABA Valuations and Growth Rates Price/Prospective Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield Long-Term Earnings Historical Earnings Sales Growth Cash-Flow Growth Book-Value Growth Stock Portfolio 9.7 1.1 0.5 4.4 3.7 Rel to S&P 500 TR 0.9 0.7 0.8 0.9 0.9 Rel to Category 1.0 1.0 1.0 1.0 1.1 10.5 9.6 8.6 4.0 6.4 1.1 1.4 1.0 0.5 -8.3 1.0 1.4 1.4 1.0 1.7 Style Box Detail calculations do not include the fund's short positions (if any). Style Box Detail calculations do not include the fund's short positions (if any). Asset Allocation 01-31-09 % Long 96 Short Cash 4.6 0.0 Stocks 94.5 0.0 Bonds 0.3 0.0 Other 0.5 0.0 Foreign Stocks 2.2 0.0 (as a % of assets) 96 Net Assets 4.6 94.5 0.3 0.5 2.2 50 100 Sector Weightings 01-31-09 Rel to Cat Avg 9 of Stocks Rel to S&P 500 TR 2.13 4.08 0.00 0.00 0.51 0.39 0.00 0.00 0.79 0.85 0.00 0.00 Information LT Software A Hardware Media El Telecommunications Service Healthcare Consumer Services Business Services S Financial Services od Manufacturing Consumer Goods Industrial Materials Energy Utilities 6.53 5.59 2.92 23.63 0.42 0.65 0.56 2.41 0.88 0.65 0.36 1.06 15.91 16.72 8.27 14.22 1.49 1.58 0.59 3.26 1.49 1.14 1.02 1.51 Portfolio Heartland Select Value HRSVX Style Box Details 12-31-08 Size Ownership Zone Average Mkt Cap $Mil 6,011 Fund centroid represents weighted average of domestic stock holdings Market Capitalization PIW W of Portfolio 14.41 23.46 47.06 11.17 3.89 Giant Large Medium Small Micro Small Value Blend Growth Zone represents 75% of fund's domestic stock holdings Investment Style History (as of 12-31) 2008 2007 2006 DR. B.: Stock Portfolio 9.6 1.1 0.4 5.4 2.7 Valuations and Growth Rates Price/Prospective Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield Long-Term Earnings Historical Earnings Sales Growth Cash-Flow Growth Book-Value Growth Rel to S&P 500 TR 0.9 0.8 0.7 1.1 0.7 Rel to Category 1.0 1.1 0.9 1.3 0.8 11.8 17.7 8.2 3.5 9.3 1.2 2.7 1.0 0.4 -12.1 1.1 2.6 1.3 0.9 2.4 Style Box Detail calculations do not include the fund's short positions (if any). Style Box Detail calculations do not include the funds short positions (if any). Asset Allocation 12-31-08 Net 96 Long Short Assets Cash 4.2 0.0 4.2 Stocks 95.8 0.0 95.8 Bonds 0.0 0.0 0.0 Other 0.0 0.0 0.0 Foreign Stocks 102 0.0 10.2 (as a % of assets) 50 100 12-31-08 Sector Weightings 96 of Stocks Rel to SBP SOO TR Rel to Cat Avg SODE 0.00 12.28 0.00 1.95 0.00 1.19 0.00 0.48 0.00 2.54 0.00 1.07 Information Software Hardware Media Telecommunications Service Healthcare Consumer Services Business Services Financial Services Manufacturing Consumer Goods Industrial Materials O Energy Utilities 14.19 10.74 6.10 8.94 0.91 1.25 1.16 1.90 1.25 0.75 0.40 0.91 DOOLUTI 4.64 23.63 9.83 7.69 0.44 2.23 0.70 1.76 0.43 1.61 1.21 0.82 Sector weighting calculations do not include the fund's short positions (if any). Which fund has the smaller average firm size in its holdings? o Heartland Select Value o Columbia Mid Cap Value A