Performance Clocks The length of each line is proportional to COUNTRY INDEX SPOTLIGHT the monthly total return of each index in U.S. dollars. The clocks track the trailing 12 months. Monthly Return (%): 0% 13% ■ Positive ■ Negative 2017 2016 Morningstar US Market TR USD 12/31/2017 11 12 1/2017 10 2 9 3 8 4 7 6 01/2017 2.00 04/2017 1.05 07/2017 1.94 10/2017 2.25 02/2017 3.76 05/2017 1.17 08/2017 0.23 11/2017 3.06 03/2017 0.07 06/2017 0.81 09/2017 2.30 12/2017 1.04 12 5 1/2017 10 2 9 3 8 4 7 6 01/2017 1.41 04/2017 2.91 07/2017 2.80 10/2017 0.81 02/2017 2.09 05/2017 4.36 08/2017 0.86 11/2017 0.16 03/2017 1.69 06/2017 1.96 09/2017 3.58 12/2017 4.84 12 2 9 3 8 4 6 1.4 B Morningstar China Index Number of Constituents GDP (2016) $11.2 T Assets in Top 10 46.37% GDP Annual Growth (2016) 6.90% Trailing 1-Year Return 44.47% GNI Per Capita (2016) $8,250 1-Yr Standard Deviation 6.28% Inflation (2017) 2.00% 1-Yr Sharpe Ratio 5.81% Life Expectancy (2015) 76 1-Yr Max. Drawdown 01/2017 1.63 04/2017 4.46 07/2017 3.91 10/2017 0.79 02/2017 0.93 05/2017 5.49 08/2017 0.41 11/2017 0.37 12 03/2017 6.01 06/2017 1.04 09/2017 3.79 12/2017 0.08 5 13.79 13.01 2 9 3 8 4 6 4 0 01/2017 5.54 04/2016 1.71 07/2017 4.42 10/2017 4.88 02/2017 3.70 05/2017 3.67 08/2017 1.13 11/2017 1.17 03/2017 3.43 06/2017 1.20 09/2017 0.17 12/2017 2.71 12 3 8 4 7 6 11 9 8 4 7 6 5 112.58 10/2017 4.43 China Construction Bank 00939 6.81 24.92 02/2017 1.48 05/2017 3.08 08/2017 0.25 11/2017 3.06 Industrial And Commercial Bank Of China 01398 4.30 39.87 03/2017 0.41 06/2017 1.05 09/2017 1.85 12/2017 0.90 China Mobile 00941 3.83 2.94 Ping An Insurance 02318 3.60 111.06 Bank Of China 03988 2.56 16.26 China Life Insurance 02628 1.60 21.87 10/2017 1.61 CNOOC 00883 1.58 19.12 01/2017 4.05 3 19.57 07/2017 2.06 1/2017 2 Trailing 1-Year Return (%) 04/2017 1.18 5 10 Weight (%) 01/2017 3.65 Morningstar Australia Index GR USD 12/31/2017 12 01/2017 Tencent 00700 2 9 01/2016 Company 1/2017 10 01/2015 Top 10 Index Constituents 12/31/2017 5 Morningstar Japan Index NR USD 12/31/2017 11 12 8 Morningstar EM NR 1/2017 10 7 -7.96% $16K Morningstar China NR Morningstar Asia ex-Japan GR USD 12/31/2017 11 413 Growth of $10K 12/31/2017 1/2017 10 7 China 5 Morningstar Eurozone Index GR USD 12/31/2017 11 Portfolio Statistics 12/31/2017 Country Statistics 12/31/2017 Population (2016) Morningstar UK Index GR USD 12/31/2017 11 China Against concerns about slowing economic growth, China was among 2017's best stock markets. Performance was strong across a variety of sectors and names but was driven by internet giant Tencent TCEHY, which surged more than 100% and now makes up nearly 20% of the Morningstar China Index. 04/2017 0.77 07/2017 4.36 02/2017 3.68 05/2017 3.63 08/2017 0.08 11/2017 0.72 China Petroleum & Chemical 00386 1.28 8.95 03/2017 2.62 06/2017 3.22 09/2017 1.07 12/2017 4.92 BOC Hong Kong Holdings 02388 1.25 46.05 Source: World Bank, Morningstar. 73