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 2018 2017 Morningstar US Market TR USD 04/30/2018 11 12 1/2018 10 2 3 9 8 4 7 6 01/2018 5.40 04/2018 0.32 07/2017 1.94 10/2017 2.25 02/2018 3.69 05/2017 1.17 08/2017 0.23 11/2017 3.06 03/2018 2.09 06/2017 0.81 09/2017 2.30 12/2017 1.04 55/ 2017 12 10 2 3 9 8 4 7 6 12 01/2018 3.06 04/2018 4.48 07/2017 2.80 10/2017 0.81 02/2018 6.30 05/2017 4.36 08/2017 0.86 11/2017 0.16 03/2018 0.03 06/2017 1.96 09/2017 3.58 12/2017 4.84 GNI per capita (2016) 3 9 8 4 $89,180 Inflation (2016) 3.50% Life Expectancy (2015) 82 01/2018 7.14 04/2018 3.11 07/2017 3.91 10/2017 0.79 02/2018 5.66 05/2017 5.49 08/2017 0.41 11/2017 0.37 12 3 8 4 03/2018 1.22 06/2017 1.04 09/2017 3.79 12/2017 0.08 01/2018 6.86 04/2018 1.16 07/2017 4.42 10/2017 4.88 02/2018 4.88 05/2017 3.67 08/2017 1.13 11/2017 1.17 03/2018 1.25 06/2017 1.20 09/2017 0.17 12/2017 2.71 3 9 8 4 11 12.33 8 6 4 5 5/ 2017 05/2015 05/2016 05/2017 Weight (%) Trailing 1-Year Return (%) Statoil STL 17.63 60.48 10/2017 4.43 DNB DNB 10.99 25.71 02/2018 1.53 05/2017 3.08 08/2017 0.25 11/2017 3.06 Telenor TEL 9.66 42.99 03/2018 1.88 06/2017 1.05 09/2017 1.85 12/2017 0.90 Marine Harvest MHG 5.66 35.28 Norsk Hydro NHY 5.38 11.97 Orkla ORK 4.82 12.70 Yara International YAR 4.69 16.92 10/2017 1.61 Storebrand STB 2.53 34.52 01/2018 3.03 3 9 8 12 07/2017 2.06 1/2018 2 6 -8.49% 04/2018 0.61 5 5/ 2017 10 7 1-Yr Max. Drawdown 1.94% 01/2018 4.50 Morningstar Australia Index GR USD 04/30/2018 12 1-Yr Sharpe Ratio Morningstar DM NR Company 1/2018 2 6 13.90% Top 10 Index Constituents 04/30/2018 5 5/ 2017 10 7 1-Yr Standard Deviation Morningstar Norway NR Morningstar Japan Index NR USD 04/30/2018 12 31.12% 1/2018 9 11 Trailing 1-Year Return 10 2 6 65.89% 5 5/ 2017 10 7 Assets in Top 10 12.50 $14K Morningstar Asia ex-Japan GR USD 04/30/2018 11 1.20% 61 Growth of $10K 04/30/2018 1/2018 2 6 $371.0 B Morningstar Norway Index Number of Constituents 55/ 2017 10 7 5.2 M GDP Annual Growth (2017) Morningstar Eurozone Index GR USD 04/30/2018 11 Norway GDP (2016) 1/2018 Portfolio Statistics 04/30/2018 Country Statistics 04/30/2018 Population (2016) Morningstar UK Index GR USD 04/30/2018 11 Norway The Norwegian government continues its efforts to diversify the country's exposure to oil and gas prices. The fortunes of the economy and stock market remain linked to the petroleum industry, but they have weathered a volatile year well. The Morningstar Norway Index is among the best performers over the trailing 12 months, with top holding Statoil STL contributing significantly. 04/2018 2.22 07/2017 4.36 02/2018 3.47 05/2017 3.63 08/2017 0.08 11/2017 0.72 Subsea 7 SUBC 2.29 -11.37 03/2018 5.26 06/2017 3.22 09/2017 1.07 12/2017 4.92 Aker BP AKERBP 2.24 99.01 Source: World Bank, Morningstar. 105