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 Index TR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 Morningstar UK Index GR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 Morningstar Eurozone Index GR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 Morningstar Asia ex-Japan Index GR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 Morningstar Japan Index NR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 Morningstar Australia Index GR USD 06/30/2022 12 11 10 9 8 7/2021 7 6 5 4 1/2022 2 3 01/2022 9.29 04/2022 5.98 07/2021 1.22 02/2022 5.46 05/2022 1.80 08/2021 1.89 10/2021 4.16 11/2021 6.09 03/2022 10.85 06/2022 12.81 09/2021 2.93 12/2021 5.40 5 4 1/2022 2 3 01/2022 5.08 04/2022 8.62 07/2021 1.10 10/2021 3.41 02/2022 0.69 05/2022 1.47 08/2021 3.06 11/2021 3.21 03/2022 1.17 06/2022 7.24 09/2021 2.34 12/2021 1.91 5 4 1/2022 2 3 01/2022 3.54 04/2022 4.65 07/2021 6.75 10/2021 1.23 02/2022 1.86 05/2022 0.05 08/2021 2.22 11/2021 3.53 03/2022 1.92 06/2022 5.08 09/2021 3.56 12/2021 1.88 07/2019 07/2020 Top 10 Index Constituents 06/30/2022 Company Investor INVE B Nordea Bank NDA SE Volvo VOLV B Atlas Copco A ATCO A Hexagon HEXA B Ericsson ERIC B Assa Abloy ASSA B Sandvik SAND Evolution EVO Skandinaviska Enskilda Banken SEB A Sources: Morningstar Direct, World Bank. 07/2021 Morningstar Developed Markets 5 4 1/2022 2 3 01/2022 4.99 04/2022 6.83 07/2021 1.50 10/2021 3.84 02/2022 4.69 05/2022 2.34 08/2021 2.22 11/2021 5.95 03/2022 1.35 06/2022 11.57 09/2021 5.04 12/2021 5.85 Morningstar Sweden 11.02 12.05 15 10 5 $20K Growth of $10K 06/30/2022 5 4 1/2022 2 3 01/2022 1.08 04/2022 4.20 07/2021 1.35 02/2022 0.21 05/2022 1.22 08/2021 1.47 10/2021 3.37 11/2021 5.46 03/2022 0.58 06/2022 9.21 09/2021 3.07 12/2021 7.28 5 4 1/2022 2 3 01/2022 5.93 04/2022 9.02 07/2021 1.89 10/2021 6.80 02/2022 2.57 05/2022 0.22 08/2021 2.89 11/2021 1.39 03/2022 3.30 06/2022 8.40 09/2021 4.58 12/2021 3.94 Population (2021) GDP (2021) GDP Annual Growth (2021) GNI per capita (2021) Inflation (2021) Life Expectancy (2020) Country Statistics 06/30/2022 Sweden 10.4 M 627.4 B 4.8% $60,239 2.2% 82.0 Portfolio Statistics 06/30/2022 Morningstar Sweden Index Number of Constituents Assets in Top 10 Trailing 1-Year Return 1-Yr Standard Deviation 1-Yr Sharpe Ratio 1-Yr Max. Drawdown 196 36.62% -33.10% 25.48% -1.44% -38.37% 2022 2021 COUNTRY INDEX SPOTLIGHT Sweden The Morningstar Sweden Index has had one of the worst showings this year. It is light on defensive sectors such as energy, healthcare, and utilities. Weight (%) 4.94 4.84 4.05 3.98 3.56 3.55 3.47 2.92 2.71 2.60 Trailing 1-Year Return (%) -27.15 -10.09 -30.54 -37.93 -29.31 -39.08 -28.34 -34.87 -41.70 -16.58 73