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 2021 2020 Taiwan The Morningstar Taiwan Index is one of the past year's winners, driven by surging semiconductor names. Most notable: a hefty stake in Taiwan Semiconductor Manufacturing TSM. Morningstar US Market TR USD 03/31/2021 11 12 11/2021 10 2 3 9 8 7 6 5 44/ 2020 01/2021 0.59 04/2020 13.21 07/2020 5.76 10/2020 2.21 02/2021 2.99 05/2020 5.37 08/2020 7.23 11/2020 11.97 03/2021 3.55 06/2020 2.26 09/2020 3.67 12/2020 4.32 12 10 2 9 3 8 7 6 5 44/ 2020 12 01/2021 0.37 04/2020 6.22 07/2020 2.06 10/2020 4.44 02/2021 3.88 05/2020 1.21 08/2020 4.31 11/2020 16.70 03/2021 2.51 06/2020 1.24 09/2020 5.08 12/2020 6.17 2 01/2021 1.74 04/2020 6.64 07/2020 4.10 10/2020 6.32 3 02/2021 3.55 05/2020 6.77 08/2020 4.80 11/2020 20.25 44/ 2020 03/2021 2.98 06/2020 5.80 09/2020 3.53 12/2020 4.66 9 8 7 6 5 5.1% GNI per capita (2019) $26,528 Morningstar Taiwan Index Number of Constituents Assets in Top 10 50.51% Trailing 1-Year Return 87.50% 1-Yr Standard Deviation Inflation (2020) 1.4% 1-Yr Sharpe Ratio Life Expectancy (2019) 80.9 1-Yr Max. Drawdown 12 15 6 10 Morningstar Asia 01/2021 3.36 04/2020 9.58 07/2020 8.27 10/2020 2.83 3 02/2021 1.84 05/2020 0.21 08/2020 3.76 11/2020 8.86 44/ 2020 03/2021 2.14 06/2020 8.32 09/2020 1.97 12/2020 6.79 9 7 5 12 Taiwan Semiconductor Manufacturing 2330 2 9 3 8 7 6 5 44/ 2020 11 2 9 8 7 6 5 Weight (%) Trailing 1-Year Return (%) 33.16 130.93 04/2020 5.44 07/2020 1.92 10/2020 1.91 MediaTek 2454 4.12 216.99 02/2021 1.31 05/2020 6.25 08/2020 7.85 11/2020 11.49 Hon Hai Precision Industry 2317 4.04 94.39 03/2021 1.51 06/2020 0.29 09/2020 1.49 12/2020 4.10 United Microelectronics 2303 1.81 296.03 Delta Electronics 2308 1.56 157.71 Formosa Plastics 1301 1.24 48.75 Chunghwa Telecom 2412 1.20 14.10 10/2020 0.07 Nan Ya Plastics 1303 1.18 58.88 11/2021 10 5 04/2020 01/2021 1.05 Morningstar Australia Index GR USD 03/31/2021 12 04/2019 Company 11/2021 10 04/2018 Top 10 Index Constituents 03/31/2021 Morningstar Japan Index NR USD 03/31/2021 11 -6.58% 12.49 2 8 3.48 17.18 Morningstar Taiwan 11/2021 10 19.00 $20K Morningstar Asia ex-Japan GR USD 03/31/2021 11 367 Growth of $10K 03/31/2021 11/2021 10 $610.7 B GDP Annual Growth (2020) Morningstar Eurozone Index GR USD 03/31/2021 11 23.6 M GDP (2019) 11/2021 Portfolio Statistics 03/31/2021 Taiwan Population (2020) Morningstar UK Index GR USD 03/31/2021 11 Country Statistics 03/31/2021 01/2021 0.05 04/2020 16.68 07/2020 4.73 3 02/2021 2.63 05/2020 5.96 08/2020 6.51 11/2020 15.36 CTBC Financial Holding Co 2891 1.13 36.78 44/ 2020 03/2021 0.71 06/2020 6.53 09/2020 6.51 12/2020 6.22 Cathay Financial Holding Co 2882 1.07 49.97 Sources: Morningstar, CEIC, Taiwan News, Trading Economics. 73