Monthly Price/Fair Value by Region 10/31/2017 U.S. Greater Europe P/FV Greater Asia +25.0% 8.0 7.8 6.7 0.0 A percentage of 0.0 connotes fairly valued -25.0 U.S. 10/31/2017 2014 Date 52-Week High 8.1 03/03/2017 52-Week Low -2.7 All-Time High* All-Time Low* Date 52-Week High 8.4 05/05/2017 11/04/2016 52-Week Low -5.3 16.6 01/16/2004 All-Time High* -36.3 11/21/2008 All-Time Low* 52-Week High 8.9 10/20/2017 11/04/2016 52-Week Low -1.6 11/04/2016 33.2 07/01/2005 All-Time High* 81.9 05/05/2006 -35.1 10/10/2008 All-Time Low* -40.2 10/24/2008 *All-time highs and lows since June 2002 to present. 8.3 2.3 4.5 10.0 5.5 0.9 7.4 11.7 Averages Value Blend Growth 17.1 7.4 6.8 9.3 13.7 10.1 3.9 7.6 8.0 6.5 1.1 6.1 15.9 Averages Value Blend Growth Moat Valuation Large 16.6 5.4 1.5 12.8 14.9 9.3 Mid 6.1 -0.5 6.9 4.6 6.2 5.9 Small 2.6 Large 6.6 Mid 10.8 Style Valuation Small 8.1 2.7 2.6 2.5 2.6 2.7 10.2 12.1 Averages Value Blend Growth Moat Valuation Uncertainty Rating Wide Date Style Valuation 0.3 Narrow P/FV (%) *All-time highs and lows since June 2002 to present. Style Valuation 2017 Greater Asia 10/31/2017 P/FV (%) *All-time highs and lows since June 2002 to present. None 2016 Greater Europe 10/31/2017 P/FV (%) Economic Moat 2015 Moat Valuation Uncertainty Rating Low Medium High Very High 7.5 7.2 11.6 -4.0 10.5 4.1 6.4 5.0 9.1 2.4 Economic Moat Large 2013 Mid 2012 Small 2011 Low Medium Uncertainty Rating High Very High Economic Moat Low Medium High Very High None 1.7 5.3 6.6 9.7 None 8.8 4.0 9.1 12.1 -14.5 Narrow 7.2 7.7 8.6 8.4 Narrow 3.7 7.4 4.9 17.0 -37.6 Wide 12.6 9.9 8.9 - Wide 3.5 6.4 24.3 - global.morningstar.com/Morningstarmagazine 75http://global.morningstar.com/Morningstarmagazine