U.S. 03/31/2023 12-Month High* 12-Month Low* Style Valuation -14.0 -18.3 -31.1 -17.6 Value -1.2 -9.8 -19.7 -5.5 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 -14.3 -15.3 -15.1 -17.4 -27.5 -4.8 -4.3 -2.6 0.9 -6.6 -1.6 -30% -20 -10 10 -4.9 -8.8 -19.6 -6.5 Growth -5.6 -12.3 -23.5 Averages P/FV (%) -9.1 -22.7 *Month-end highs and lows over trailing 12-months. Date 03/31/2023 09/30/2022 Greater Europe 03/31/2023 P/FV (%) 12-Month High* 12-Month Low* Style Valuation -20.4 -25.1 -30.0 -22.7 Value -6.9 -17.4 -20.4 -11.0 Blend Price/ Fair Value % -23.7 -12.6 -2.8 Company Count 1,712 1,030 239 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 -13.6 -2.6 -17.5 -28.8 -14.6 -17.2 -10.4 -13.4 0.6 -10.6 -30% -20 -13.8 -10 10 9.9 -13.0 -19.5 0.8 Growth -6.1 -18.7 -23.0 Averages -11.2 -25.8 *Month-end highs and lows over trailing 12-months. Greater Asia 03/31/2023 Date 03/31/2023 09/30/2022 12-Month High* 12-Month Low* Style Valuation -17.1 -23.2 -29.5 -20.1 Value -17.0 -15.3 -20.2 -17.0 Blend Price/ Fair Value % -22.4 -12.6 1.9 Company Count 1,867 872 95 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 -18.3 -21.8 -14.8 -20.9 -26.8 -12.3 -14.2 -16.7 -7.2 -12.1 -16.6 -30% -20 morningstar.com/products/magazine -10 10 75 -11.7 -11.0 -17.4 -12.1 Growth -15.5 -16.7 -22.8 Averages P/FV (%) -15.9 -30.0 *Month-end highs and lows over trailing 12-months. Date 01/31/2023 09/30/2022 Price/ Fair Value % -20.3 -10.6 -19.4 Company Count 11,270 2,954 95 Defensive Sensitive Cyclical Small Defensive Sensitive Cyclical Mid Large Small Defensive Sensitive Cyclical Mid Large Small Mid Largehttp://www.morningstar.com/products/magazine