Morningstar - Q4 2020 - 89

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%

26%

■ Positive  ■ Negative

2020 

2019

Denmark The Morningstar Denmark Index trounced all other country
indexes over the past 12 months. Denmark has managed the
coronavirus crisis well, and thriving healthcare companies have
a big weight in the index.

Morningstar US Market TR USD 09/30/2020
11

12

1/2020

10/2019

2
3

9
8

4
7

6

01/2020 0.03

04/2020 13.21 07/2020 5.76

10/2019 2.13

02/2020 8.19

05/2020 5.37

08/2020 7.23

11/2019 3.79

03/2020 13.51 06/2020 2.26

09/2020 3.67

12/2019 2.82

5

12

2

10/2019

01/2020 3.72
3

9
8

4
7

6

07/2020 2.06

10/2019 3.38

02/2020 11.77 05/2020 1.21

08/2020 4.31

11/2019 2.01

03/2020 17.39 06/2020 1.24

09/2020 5.08

12/2019 5.62

12

2
3

9
8

4
6

GNI per capita (2019)

Trailing 1-Year Return

41.85%

1-Yr Sharpe Ratio

0.8%

Life Expectancy (2018)

78.15%

1-Yr Standard Deviation

$63,240

Inflation (2019)

Assets in Top 10

1-Yr Max. Drawdown

90

01/2020 2.96

04/2020 6.64

07/2020 4.10

10/2019 3.81

02/2020 8.68

05/2020 6.77

08/2020 4.80

11/2019 1.65

12

03/2020 17.44 06/2020 5.80

09/2020 3.53

12/2019 3.02

12.30 12

1/2020

Morningstar Denmark

2
3

9
8

4
6

01/2020 4.52

04/2020 9.58

07/2020 8.27

10/2019 4.60

02/2020 3.09

05/2020 0.21

08/2020 3.76

11/2019 0.24

03/2020 13.01 06/2020 8.32

09/2020 1.97

12/2019 6.29

12

Novo Nordisk B NOVO B

2
3

9
8

4
7

6

11

8

4
7

6

5

30.32

37.24

10/2019 4.93

DSV Panalpina DSV

8.79

72.15

02/2020 9.69

05/2020 6.25

08/2020 7.85

11/2019 0.58

Vestas Wind Systems VWS

8.48

110.57

03/2020 6.98

06/2020 0.29

09/2020 1.49

12/2019 1.94

Orsted ORSTED

6.51

50.14

Genmab GMAB

6.18

78.46

Coloplast B COLO B

4.93

33.46

Carlsberg B CARL B

3.61

-6.55

10/2019 1.59

Novozymes B NZYM B

3.48

51.78

01/2020 0.05
3

9

Trailing 1-Year
Return (%)

07/2020 1.92

1/2020
2

Weight (%)

04/2020 5.44

5

10/2019

10/2019

01/2020 1.74

Morningstar Australia Index GR USD 09/30/2020
12

10/2018

Company

1/2020

10/2019

10/2017

10
8

Top 10 Index Constituents 09/30/2020

5

Morningstar Japan Index NR USD 09/30/2020
11

-27.58%

13.73 14

Morningstar Global Markets

5

10/2019

7

2.12

$16K

Morningstar Asia ex-Japan GR USD 09/30/2020
11

16.95

Growth of $10K 09/30/2020

1/2020

10/2019

7

2.4%

39

5

Morningstar Eurozone Index GR USD 09/30/2020
11

$328.1 B

GDP Annual Growth (2019)
04/2020 6.22

Morningstar Denmark Index

Number of Constituents

5.82 M

GDP (2019)

1/2020

Portfolio Statistics 09/30/2020

Denmark

Population (2019)

Morningstar UK Index GR USD 09/30/2020
11

Country Statistics 09/30/2020

04/2020 16.68 07/2020 4.73

02/2020 11.08 05/2020 5.96

08/2020 6.51

11/2019 0.91

Chr. Hansen Holding CHR

3.00

32.29

03/2020 25.11 06/2020 6.53

09/2020 6.51

12/2019 1.81

GN Store Nord GN

2.83

87.09

Source: Morningstar, World Bank.

89



Morningstar - Q4 2020

Table of Contents for the Digital Edition of Morningstar - Q4 2020

Contents
Morningstar - Q4 2020 - CT1
Morningstar - Q4 2020 - CT2
Morningstar - Q4 2020 - Cover1
Morningstar - Q4 2020 - Cover2
Morningstar - Q4 2020 - 1
Morningstar - Q4 2020 - 2
Morningstar - Q4 2020 - Contents
Morningstar - Q4 2020 - 4
Morningstar - Q4 2020 - 5
Morningstar - Q4 2020 - 6
Morningstar - Q4 2020 - 7
Morningstar - Q4 2020 - 8
Morningstar - Q4 2020 - 9
Morningstar - Q4 2020 - 10
Morningstar - Q4 2020 - 11
Morningstar - Q4 2020 - 12
Morningstar - Q4 2020 - 13
Morningstar - Q4 2020 - 14
Morningstar - Q4 2020 - 15
Morningstar - Q4 2020 - 16
Morningstar - Q4 2020 - 17
Morningstar - Q4 2020 - 18
Morningstar - Q4 2020 - 19
Morningstar - Q4 2020 - 20
Morningstar - Q4 2020 - 21
Morningstar - Q4 2020 - 22
Morningstar - Q4 2020 - 23
Morningstar - Q4 2020 - 24
Morningstar - Q4 2020 - 25
Morningstar - Q4 2020 - 26
Morningstar - Q4 2020 - 27
Morningstar - Q4 2020 - 28
Morningstar - Q4 2020 - 29
Morningstar - Q4 2020 - 30
Morningstar - Q4 2020 - 31
Morningstar - Q4 2020 - 32
Morningstar - Q4 2020 - 33
Morningstar - Q4 2020 - 34
Morningstar - Q4 2020 - 35
Morningstar - Q4 2020 - 36
Morningstar - Q4 2020 - 37
Morningstar - Q4 2020 - 38
Morningstar - Q4 2020 - 39
Morningstar - Q4 2020 - 40
Morningstar - Q4 2020 - 41
Morningstar - Q4 2020 - 42
Morningstar - Q4 2020 - 43
Morningstar - Q4 2020 - 44
Morningstar - Q4 2020 - 45
Morningstar - Q4 2020 - 46
Morningstar - Q4 2020 - 47
Morningstar - Q4 2020 - 48
Morningstar - Q4 2020 - 49
Morningstar - Q4 2020 - 50
Morningstar - Q4 2020 - 51
Morningstar - Q4 2020 - 52
Morningstar - Q4 2020 - 53
Morningstar - Q4 2020 - 54
Morningstar - Q4 2020 - 55
Morningstar - Q4 2020 - 56
Morningstar - Q4 2020 - 57
Morningstar - Q4 2020 - 58
Morningstar - Q4 2020 - 59
Morningstar - Q4 2020 - 60
Morningstar - Q4 2020 - 61
Morningstar - Q4 2020 - 62
Morningstar - Q4 2020 - 63
Morningstar - Q4 2020 - 64
Morningstar - Q4 2020 - 65
Morningstar - Q4 2020 - 66
Morningstar - Q4 2020 - 67
Morningstar - Q4 2020 - 68
Morningstar - Q4 2020 - 69
Morningstar - Q4 2020 - 70
Morningstar - Q4 2020 - 71
Morningstar - Q4 2020 - 72
Morningstar - Q4 2020 - 73
Morningstar - Q4 2020 - 74
Morningstar - Q4 2020 - 75
Morningstar - Q4 2020 - 76
Morningstar - Q4 2020 - 77
Morningstar - Q4 2020 - 78
Morningstar - Q4 2020 - 79
Morningstar - Q4 2020 - 80
Morningstar - Q4 2020 - 81
Morningstar - Q4 2020 - 82
Morningstar - Q4 2020 - 83
Morningstar - Q4 2020 - 84
Morningstar - Q4 2020 - 85
Morningstar - Q4 2020 - 86
Morningstar - Q4 2020 - 87
Morningstar - Q4 2020 - 88
Morningstar - Q4 2020 - 89
Morningstar - Q4 2020 - 90
Morningstar - Q4 2020 - 91
Morningstar - Q4 2020 - 92
Morningstar - Q4 2020 - 93
Morningstar - Q4 2020 - 94
Morningstar - Q4 2020 - 95
Morningstar - Q4 2020 - 96
Morningstar - Q4 2020 - Cover3
Morningstar - Q4 2020 - Cover4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
https://www.nxtbookmedia.com