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 Morningstar US Market TR USD 03/31/2019 11 12 1/2019 10 2 01/2019 8.55 04/2018 0.32 07/2018 3.41 10/2018 7.27 02/2019 3.49 05/2018 2.72 08/2018 3.44 11/2018 2.09 44/2018 03/2019 1.56 06/2018 0.65 09/2018 0.23 12/2018 9.24 3 9 8 7 6 5 12 10 2 04/2018 4.48 07/2018 0.74 10/2018 7.06 02/2019 3.42 05/2018 0.73 08/2018 3.71 11/2018 1.80 44/2018 03/2019 0.80 06/2018 0.86 09/2018 1.21 12/2018 3.97 3 8 7 6 12 2 01/2019 6.91 04/2018 3.11 07/2018 3.56 10/2018 8.91 02/2019 3.07 05/2018 4.44 08/2018 3.06 11/2018 1.16 44/2018 03/2019 0.02 06/2018 0.79 09/2018 0.59 12/2018 4.99 3 9 8 6 GNI per capita (2017) 3.00% $38,970 Inflation (2017) 1.90% Life Expectancy (2016) 82 12 8 01/2019 6.66 04/2018 1.16 07/2018 1.07 10/2018 10.64 05/2018 1.63 08/2018 0.32 11/2018 5.60 44/2018 03/2019 1.62 06/2018 4.97 09/2018 1.72 12/2018 1.64 8 5 12 04/2017 04/2018 Weight (%) Trailing 1-Year Return (%) 10.66 10.06 9.13 14.04 02/2019 0.17 05/2018 0.81 08/2018 0.03 11/2018 0.96 Auckland International Airport AIA 7.77 29.14 44/2018 03/2019 0.56 06/2018 2.57 09/2018 2.81 12/2018 6.94 Spark New Zealand SPK 7.08 14.63 Meridian Energy MEL 5.33 45.04 Ryman Healthcare RYM 5.16 11.29 Contact Energy CEN 5.04 31.27 10/2018 7.93 Fletcher Building FBU 4.28 -17.60 01/2019 7.54 04/2018 2.22 07/2018 1.87 02/2019 3.55 05/2018 1.62 08/2018 1.54 11/2018 0.90 Mainfreight MFT 3.08 39.62 03/2019 0.48 44/2018 06/2018 0.90 09/2018 1.18 12/2018 3.73 SkyCity Entertainment Group SKC 2.68 -1.34 3 8 14 Fisher & Paykel Healthcare FPH 1/2019 9 $16K 10/2018 8.68 2 6 14.44 07/2018 0.16 Morningstar Australia Index GR USD 03/31/2019 7 -11.91 04/2018 0.61 5 10 04/2016 a2 Milk A2M 3 11 1-Yr Max. Drawdown 01/2019 5.83 9 12 0.74 13.73 Company 1/2019 2 6 1-Yr Sharpe Ratio Top 10 Index Constituents 03/31/2019 5 10 7 13.48 10 8 Morningstar Japan Index NR USD 03/31/2019 12 1-Yr Standard Deviation Morningstar Global Markets 02/2019 2.06 3 9 11 11.99 1/2019 2 6 60.21% Trailing 1-Year Return 5 10 7 Assets in Top 10 Morningstar New Zealand Morningstar Asia ex-Japan GR USD 03/31/2019 11 43 Growth of $10K 03/31/2019 1/2019 10 7 $205.9 B Morningstar New Zealand Index Number of Constituents 5 Morningstar Eurozone Index GR USD 03/31/2019 11 4.8 M GDP Annual Growth (2017) 01/2019 7.79 9 New Zealand GDP (2017) 1/2019 Portfolio Statistics 03/31/2019 Country Statistics 03/31/2019 Population (2017) Morningstar UK Index GR USD 03/31/2019 11 New Zealand The Morningstar New Zealand Index is the top performer over the trailing 12 months and near the top for the past decade. It is a small but stable collection of stocks, with a maximum drawdown of only -11.9% over the past year compared with -20% for the US Market Index. Source: World Bank, Morningstar. 97