U.S. 03/31/2022 12-Month High* 12-Month Low* Style Valuation -7.3 * -8.1 -17.1 -8.9 Value 0.9 -12.4 0.1 Blend Moat Valuation Economic Moat None Narrow Wide Sector Valuation r Basic Mat t Cons Cyc y Fin Svcs u Real Estate i Comm Svcs o Energy p Industrials a Technology s Cons Def d Healthcare f Utilities -0.8 -7.7 -5.8 -25.8 -0.7 -1.6 6.0 1.6 9.0 -40% -20 20 2.9 1.8 -10.7 -19.4 -2.8 Growth -5.3 -16.0 Averages 2.1 0.4 -0.8 * -21.2 -27.9 -19.9 Value -12.6 -17.3 -7.7 Blend Price/ Fair Value % -14.0 -7.2 1.4 Company Count 2,140 1,070 265 Moat Valuation Economic Moat None Narrow Wide Sector Valuation r Basic Mat t Cons Cyc y Fin Svcs u Real Estate i Comm Svcs o Energy p Industrials a Technology s Cons Def d Healthcare f Utilities -12.5 -9.9 -14.3 -14.6 -14.6 -15.6 -8.5 -12.3 3.8 -3.3 -10.3 -40% -20 20 -11.4 -16.0 -0.4 Growth -15.1 -20.3 Averages P/FV (%) 8.1 -6.4 *Month-end highs and lows over trailing 12-months. Date 06/30/2021 02/28/2022 Greater Europe 03/31/2022 P/FV (%) 12-Month High* 12-Month Low* Style Valuation -18.2 -4.2 5.3 -5.9 * -24.0 -28.4 -20.9 Value -16.8 -22.3 -19.0 Blend Price/ Fair Value % -17.8 -12.9 4.5 Company Count 1,970 1,215 105 Moat Valuation Economic Moat None Narrow Wide Sector Valuation r Basic Mat t Cons Cyc y Fin Svcs u Real Estate i Comm Svcs o Energy p Industrials a Technology s Cons Def d Healthcare f Utilities -15.7 -21.4 -16.1 -19.2 -32.1 -7.1 -16.0 -19.8 -11.3 -15.8 -9.7 -40% -20 morningstar.com/products/magazine 20 75 -14.6 -22.7 -12.7 Growth -18.6 -24.5 Averages 4.3 -9.7 *Month-end highs and lows over trailing 12-months. Greater Asia 03/31/2022 Date 06/30/2021 03/31/2022 12-Month High* 12-Month Low* Style Valuation -18.4 -19.1 -10.3 -16.8 P/FV (%) -0.4 -18.1 *Month-end highs and lows over trailing 12-months. Date 04/30/2021 03/31/2022 Price/ Fair Value % -18.7 -13.4 -25.1 Company Count 11,469 2,386 71 Defensive Sensitive Cyclical Small Defensive Sensitive Cyclical Mid Large Small Defensive Sensitive Cyclical Mid Large Small Mid Largehttp://www.morningstar.com/products/magazine