Monthly Price/Fair Value by Region 06/30/2018 U.S. Greater Europe P/FV Greater Asia +25.0% 8.8 1.9 0.0 -4.1 A percentage of 0.0 connotes fairly valued -25.0 2014 2017 Greater Europe 06/30/2018 P/FV (%) Date 52-Week High 14.4 01/26/2018 52-Week Low -0.5 All-Time High* All-Time Low* Date 52-Week High 9.7 01/19/2018 04/06/2018 52-Week Low 0.0 16.6 01/16/2004 All-Time High* -36.5 11/21/2008 P/FV (%) Date 52-Week High 13.9 01/26/2018 03/23/2018 52-Week Low -4.1 06/29/2018 34.2 07/01/2005 All-Time High* 106.3 05/05/2006 All-Time Low* -35.2 10/10/2008 All-Time Low* -40.8 10/24/2008 *All-time highs and lows since June 2002 to present. *All-time highs and lows since June 2002 to present. 1.5 -0.3 4.2 14.9 6.0 0.4 2.9 7.6 3.5 -5.8 1.0 10.9 Averages Value Blend Growth -11.6 -3.8 15.6 0.1 -3.9 1.4 13.6 4.2 -5.6 0.8 4.1 -0.2 -9.6 -2.3 14.1 Averages Value Blend Growth Moat Valuation Large 10.4 -11.5 -2.5 3.0 -4.0 Mid 0.2 Large -7.8 Style Valuation Mid Style Valuation Small Style Valuation -7.6 -2.9 2.8 -2.8 -8.6 -7.9 -5.8 -7.6 -10.4 -3.1 2.2 Averages Value Blend Growth Moat Valuation Uncertainty Rating Low Medium Moat Valuation Uncertainty Rating High Very High Economic Moat None 2.6 1.5 9.3 -5.0 None Narrow 2.0 -2.4 0.6 5.5 Narrow Wide 2.9 1.1 -5.7 - Wide 2018 Greater Asia 06/30/2018 P/FV (%) *All-time highs and lows since June 2002 to present. Economic Moat 2016 Large U.S. 06/30/2018 2015 Mid 2013 Small 2012 Small 2011 Low Medium Uncertainty Rating High Very High -8.8 14.0 7.2 -0.2 8.8 14.4 11.5 -16.9 23.1 8.8 37.3 - Economic Moat Low Medium High Very High None 1.6 -0.4 -6.9 -7.8 Narrow 1.7 -3.0 -0.9 9.2 -3.6 15.2 8.6 - Wide global.morningstar.com/Morningstarmagazine 75http://global.morningstar.com/Morningstarmagazine