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 2018 2017 Greece Despite a 23% plunge from July to November, Greece is up 45% for the trailing 12 months through February. In January, S&P Global Ratings upgraded Greece's credit rating to B, citing improved growth and fiscal outlooks, a labor market recovery, and relative policy certainty. Morningstar US Market TR USD 02/28/2018 11 12 1/2018 10 2 3/ 9 8 4 7 6 01/2018 5.40 04/2017 1.05 07/2017 1.94 10/2017 2.25 02/2018 3.69 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 2 3/ 9 8 4 7 6 01/2018 3.06 04/2017 2.91 07/2017 2.80 10/2017 0.81 02/2018 6.30 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 3/ 9 8 4 6 12 3/ 8 4 01/2018 7.14 04/2017 4.46 07/2017 3.91 10/2017 0.79 02/2018 5.66 05/2017 5.49 08/2017 0.41 11/2017 0.37 03/2017 6.01 06/2017 1.04 09/2017 3.79 12/2017 0.08 Inflation (2016) -0.80% 1-Yr Sharpe Ratio 82 01/2018 6.86 04/2016 1.71 07/2017 4.42 10/2017 4.88 02/2018 4.88 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 3/ 9 8 4 11 2 4 5 03/2015 03/2016 8 4 03/2017 Weight (%) Trailing 1-Year Return (%) Hellenic Telecommunication Organization HTO 14.19 60.58 10/2017 4.43 Alpha Bank ALPHA 13.28 31.63 02/2018 1.53 05/2017 3.08 08/2017 0.25 11/2017 3.06 Greek Organisation of Football Prognostics OPAP 10.59 54.26 03/2017 0.41 06/2017 1.05 09/2017 1.85 12/2017 0.90 National Bank of Greece ETE 8.29 45.96 Eurobank Ergasias EUROB 7.46 51.22 Jumbo BELA 7.35 31.55 Motor Oil (Hellas) Corinth Refineries MOH 6.33 59.12 10/2017 1.61 Piraeus Bank TPEIR 5.81 13.84 01/2018 3.03 3/ 9 6 8.12 07/2017 2.06 1/2018 8 12 04/2017 1.18 5 10 7 12.88 Morningstar EM NR 01/2018 4.50 Morningstar Australia Index GR USD 02/28/2018 12 -22.73% $16K Company 1/2018 2 6 1.42% Top 10 Index Constituents 02/28/2018 5 10 7 1-Yr Max. Drawdown Morningstar Greece NR Morningstar Japan Index NR USD 02/28/2018 12 28.30% 1-Yr Standard Deviation 1/2018 9 11 45.00% 10 2 6 Trailing 1-Year Return 5 10 7 83.66% $19,050 Morningstar Asia ex-Japan GR USD 02/28/2018 11 Assets in Top 10 GNI per capita (2016) Life Expectancy (2015) 20 Growth of $10K 02/28/2018 1/2018 10 7 1.20% Morningstar Greece Index Number of Constituents 5 Morningstar Eurozone Index GR USD 02/28/2018 11 $192.7 B GDP Annual Growth (2017) 1/2018 10 10.7 M GDP (2016) Morningstar UK Index GR USD 02/28/2018 11 Greece Population (2016) 5 Portfolio Statistics 02/28/2018 Country Statistics 02/28/2018 04/2017 0.77 07/2017 4.36 02/2018 3.47 05/2017 3.63 08/2017 0.08 11/2017 0.72 Titan Cement TITK 5.30 14.86 03/2017 2.62 06/2017 3.22 09/2017 1.07 12/2017 4.92 Mytilineos Holdings MYTIL 5.05 56.00 Source: World Bank, Morningstar. 73