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 2019 2018 Hong Kong The Morningstar Hong Kong Index has been among the worst performers in recent months, as protests roiled the market. It was still among the top 10 over the past 10 years through September, however. Morningstar US Market TR USD 09/30/2019 11 12 1/2019 10/2018 10 2 3 9 8 4 7 6 01/2019 8.55 04/2019 4.01 07/2018 1.52 10/2018 7.27 02/2019 3.49 05/2019 6.38 08/2018 1.92 11/2018 2.09 03/2019 1.56 06/2019 7.00 09/2018 1.73 12/2018 9.24 5 12 10 10/2018 2 3 9 8 4 7 6 12 01/2019 7.79 04/2019 2.64 07/2018 2.03 10/2018 7.06 02/2019 3.42 05/2019 6.13 08/2018 4.27 11/2018 1.80 03/2019 0.80 06/2019 4.62 09/2018 4.23 12/2018 3.97 GNI per capita (2018) $50,310 Inflation (2018) 2.40% Life Expectancy (2017) 84 01/2019 6.91 3 9 8 4 Assets in Top 10 60.66% Trailing 1-Year Return -1.42% 1-Yr Standard Deviation 21.93% 1-Yr Sharpe Ratio -0.07% 1-Yr Max. Drawdown 04/2019 5.00 07/2018 1.99 12 02/2019 3.07 05/2019 5.98 08/2018 2.44 11/2018 1.16 03/2019 0.02 06/2019 7.42 09/2018 2.55 12/2018 4.99 Morningstar Hong Kong 14 11.92 5 11.53 2 3 9 8 4 6 01/2019 6.66 04/2019 1.63 07/2018 2.00 10/2018 10.64 02/2019 2.06 05/2019 7.77 08/2018 4.19 11/2018 5.60 03/2019 1.62 06/2019 6.09 09/2018 1.84 12/2018 1.64 12 AIA Group 01299 2 3 9 8 4 7 6 Company 1/2019 10 10/2018 11 8 4 7 6 5 22.81 7.56 10/2018 8.68 Hong Kong Exchanges and Clearing 00388 6.93 5.51 02/2019 0.17 05/2019 4.10 08/2018 1.02 11/2018 0.96 CK Hutchison Holdings 00001 4.76 -19.92 03/2019 0.56 06/2019 3.46 09/2018 3.98 12/2018 6.94 Link Real Estate Investment Trust 00823 4.64 15.51 Sun Hung Kai Properties 00016 4.25 2.88 Hong Kong and China Gas 00003 3.82 10.28 CLP Holdings 00002 3.66 -6.98 10/2018 7.93 CK Asset Holdings 01113 3.45 -6.47 01/2019 7.54 3 9 Trailing 1-Year Return (%) 07/2018 0.29 1/2019 2 Weight (%) 04/2019 1.19 5 10/2018 10 10/2018 01/2019 5.83 Morningstar Australia Index GR USD 09/30/2019 12 10/2017 Top 10 Index Constituents 09/30/2019 5 Morningstar Japan Index NR USD 09/30/2019 11 10/2016 12 10 8 Morningstar Asia 1/2019 10 10/2018 7 -15.62% $16K 10/2018 8.91 Morningstar Asia ex-Japan GR USD 09/30/2019 11 125 Growth of $10K 09/30/2019 1/2019 2 6 1.40% Morningstar Hong Kong Index Number of Constituents 5 10 10/2018 7 $363.99 B GDP Annual Growth (2018) Morningstar Eurozone Index GR USD 09/30/2019 11 7.5 M GDP (2018) 1/2019 Portfolio Statistics 09/30/2019 Hong Kong Population (2018) Morningstar UK Index GR USD 09/30/2019 11 Country Statistics 09/30/2019 04/2019 1.35 07/2018 1.06 02/2019 3.55 05/2019 0.30 08/2018 4.36 11/2018 0.90 Galaxy Entertainment Group 00027 3.23 -0.16 03/2019 0.48 06/2019 5.00 09/2018 2.27 12/2018 3.73 Hang Seng Bank 00011 3.13 -17.04 Source: Morningtar, World Bank. 73