U.S. 09/30/2022 12-Month High* 12-Month Low* Style Valuation -25.6 -29.7 -38.3 -28.5 Value -16.3 -20.3 -30.7 -18.9 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 -26.5 -28.8 -23.6 -22.0 -44.8 -8.8 -20.4 -25.1 -8.1 -11.6 -5.7 -50% -25 -20.6 -26.1 -34.1 -22.4 Growth -20.1 -24.5 -34.1 Averages P/FV (%) 5.8 -22.6 *Month-end highs and lows over trailing 12-months. Date 10/31/2021 9/30/2022 Greater Europe 09/30/2022 P/FV (%) 12-Month High* 12-Month Low* Style Valuation -32.2 -41.4 -43.3 -36.0 Value -21.6 -27.5 -32.1 -24.4 Blend Price/ Fair Value % -32.1 -24.0 -18.7 Company Count 1,995 1,170 244 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 -50% -27.1 -24.5 -31.0 -33.3 -29.5 -20.8 -28.3 -32.6 -10.1 -21.1 -24.3 -25 -12.5 -21.1 -30.3 -16.0 Growth -21.9 -31.1 -35.3 Averages 3.4 -25.7 *Month-end highs and lows over trailing 12-months. Greater Asia 09/30/2022 Date 10/31/2021 9/30/2022 12-Month High* 12-Month Low* Style Valuation -29.3 -35.3 -42.2 -32.3 Value -33.2 -30.1 -36.4 -32.9 Blend Price/ Fair Value % -33.7 -26.1 -14.6 Company Count 1,987 920 76 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 -50% morningstar.com/products/magazine -30.4 -32.4 -26.7 -32.7 -41.5 -20.3 -29.6 -36.0 -12.7 -25.3 -26.1 -25 75 -19.8 -26.0 -33.9 -22.5 Growth -28.3 -30.8 -37.8 Averages P/FV (%) -11.6 -30.0 *Month-end highs and lows over trailing 12-months. Date 10/31/2021 9/30/2022 Price/ Fair Value % -32.7 -23.4 -34.8 Company Count 11,416 2,693 89 Defensive Sensitive Cyclical Small Defensive Sensitive Cyclical Mid Large Small Defensive Sensitive Cyclical Mid Large Small Mid Largehttp://www.morningstar.com/products/magazine