Performance Clocks The length of each line is proportional to the monthly total return of each index in U.S. dollars. The clocks track the trailing 12 months. 0% 13% Monthly Return (%): ■ Positive ■ Negative Morningstar US Market TR USD 03/31/2022 12 11 10 9 8 7 6 Morningstar UK Index GR USD 03/31/2022 12 11 10 9 8 7 6 Morningstar Eurozone Index GR USD 03/31/2022 12 11 10 9 8 7 6 Morningstar Asia ex-Japan GR USD 03/31/2022 12 11 10 9 8 7 6 Morningstar Japan Index NR USD 03/31/2022 12 11 10 9 8 7 6 Morningstar Australia Index GR USD 03/31/2022 12 11 10 9 8 7 6 5 4/ 2021 Sources: Morningstar Direct, World Bank. 1/2022 2 3 01/2022 9.29 04/2021 5.17 07/2021 1.22 02/2022 5.46 05/2021 2.84 08/2021 1.89 10/2021 4.16 11/2021 6.09 03/2022 10.85 06/2021 0.92 09/2021 2.93 12/2021 5.40 5 4/ 2021 1/2022 2 3 01/2022 5.08 04/2021 1.60 07/2021 1.10 10/2021 3.41 02/2022 0.69 05/2021 1.25 08/2021 3.06 11/2021 3.21 03/2022 1.17 06/2021 0.12 09/2021 2.34 12/2021 1.91 5 4/ 2021 1/2022 2 3 01/2022 3.54 04/2021 3.00 07/2021 6.75 10/2021 1.23 02/2022 1.86 05/2021 1.13 08/2021 2.22 11/2021 3.53 03/2022 1.92 06/2021 0.04 09/2021 3.56 12/2021 1.88 Top 10 Index Constituents 03/31/2022 Company Firstrand FSR Naspers NPN MTN Group MTN Standard Bank Group SBK Capitec Bank Holdings CPI Sasol SOL Gold Fields GFI Impala Platinum Holdings IMP Sibanye Stillwater SSW Anglogold Ashanti ANG Weight (%) 8.42 7.02 6.32 4.82 4.36 3.98 3.92 3.70 3.09 2.84 Trailing 1-Year Return (%) 56.51 -52.23 123.86 50.61 68.25 69.45 70.35 -11.83 -1.07 10.81 04/2019 04/2020 Morningstar Emerging Markets 04/2021 9 6 5 4/ 2021 1/2022 2 3 01/2022 4.99 04/2021 4.94 07/2021 1.50 10/2021 3.84 02/2022 4.69 05/2021 4.27 08/2021 2.22 11/2021 5.95 03/2022 1.35 06/2021 2.00 09/2021 5.04 12/2021 5.85 Morningstar South Africa 11.99 13.12 $15K 12 Growth of $10K 03/31/2022 5 4/ 2021 1/2022 2 3 01/2022 1.08 04/2021 4.75 07/2021 1.35 02/2022 0.21 05/2021 3.92 08/2021 1.47 10/2021 3.37 11/2021 5.46 03/2022 0.58 06/2021 2.78 09/2021 3.07 12/2021 7.28 5 4/ 2021 1/2022 2 3 01/2022 5.93 04/2021 5.29 07/2021 1.89 10/2021 6.80 02/2022 2.57 05/2021 0.37 08/2021 2.89 11/2021 1.39 03/2022 3.30 06/2021 2.55 09/2021 4.58 12/2021 3.94 Population (2020) GDP (2020) GDP Annual Growth (2020) GNI per capita (2020) Inflation (2020) Life Expectancy (2019) Country Statistics 03/31/2022 South Africa 59.3 M $335.4 B -6.4% $13,140 3.2% 64.1 Portfolio Statistics 03/31/2022 Morningstar South Africa Index Number of Constituents Assets in Top 10 Trailing 1-Year Return 1-Yr Standard Deviation 1-Yr Sharpe Ratio 1-Yr Max. Drawdown 79 48.48 13.72 17.83 0.80 -21.73 2022 2021 COUNTRY INDEX SPOTLIGHT South Africa The Morningstar South Africa Index was a first-quarter leader. The index was buoyed by MTN Group, a mobile telecommunications provider, and Firstrand, which wholly owns FirstRand Bank, a full-service bank with a presence throughout southern Africa. 73