Performance Clocks The length of each line is proportional to the monthly total return of each index in U.S. dollars. The clocks track the trailing 12 months. 0% 18% Monthly Return (%): ■ Positive ■ Negative Morningstar US Market Index TR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 Morningstar UK Index GR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 Morningstar Eurozone Index GR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 Morningstar Asia ex-Japan Index GR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 Morningstar Japan Index NR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 Morningstar Australia Index GR USD 06/30/2023 12 11 10 9 8 7/2022 7 6 5 4 1/2023 2 3 01/2023 10.57 04/2023 0.48 07/2022 7.49 10/2022 5.42 02/2023 6.80 05/2023 4.68 08/2022 0.52 11/2022 11.78 03/2023 1.06 06/2023 4.74 09/2022 12.13 12/2022 2.18 5 4 1/2023 2 3 01/2023 5.68 04/2023 0.48 07/2022 5.52 10/2022 2.30 02/2023 3.64 05/2023 1.15 08/2022 2.43 11/2022 9.52 03/2023 3.78 06/2023 3.89 09/2022 9.80 12/2022 0.72 5 4 1/2023 2 3 01/2023 7.34 04/2023 1.48 07/2022 0.54 10/2022 5.32 02/2023 6.11 05/2023 1.41 08/2022 0.52 11/2022 17.10 03/2023 2.98 06/2023 2.90 09/2022 12.25 12/2022 0.07 5 4 1/2023 2 3 01/2023 11.54 04/2023 3.13 07/2022 4.44 10/2022 8.75 02/2023 0.62 05/2023 5.47 08/2022 6.33 11/2022 12.72 03/2023 2.76 06/2023 6.21 09/2022 9.03 12/2022 0.32 $16K 10 12 14 8 07/2020 07/2021 Top 10 Index Constituents 06/30/2023 Company Toyota Motor 7203 Sony Group 6758 Keyence 6861 Mitsubishi UFJ Financial Group 8306 Mitsubishi 8058 Tokyo Electron 8035 Shin-Etsu Chemical 4063 Daikin Industries 6367 Sumitomo Mitsui Financial Group 8316 Hitachi 6501 Sources: Morningstar Direct, World Bank. 07/2022 Morningstar Developed Markets 13.94 Morningstar Japan 11.53 Growth of $10K 06/30/2023 5 4 1/2023 2 3 01/2023 6.81 04/2023 5.33 07/2022 4.55 10/2022 6.32 02/2023 0.02 05/2023 6.26 08/2022 6.26 11/2022 10.90 03/2023 0.94 06/2023 3.58 09/2022 9.61 12/2022 0.37 5 4 1/2023 2 3 01/2023 6.84 04/2023 1.11 07/2022 9.38 10/2022 8.09 02/2023 2.31 05/2023 0.45 08/2022 3.83 11/2022 5.43 03/2023 2.90 06/2023 6.83 09/2022 9.29 12/2022 5.88 Country Statistics 06/30/2023 Japan Population (2022) GDP (2022) GDP Annual Growth (2022) GNI per capita (2022) Inflation (2022) Life Expectancy (2021) 125.1M 4.23T 1.0% $48,470 2.5% 84 Portfolio Statistics 06/30/2023 Morningstar Japan Index Number of Constituents Assets in Top 10 Trailing 1-Year Return 1-Yr Standard Deviation 1-Yr Sharpe Ratio 1-Yr Max. Drawdown 1,076 18.70% 16.96% 17.50% 0.74% -15.55% 2023 2022 COUNTRY INDEX SPOTLIGHT Japan The surging Nikkei has made headlines this year, and the more diversified Morningstar Japan Index has also been a strong performer. Investors are enthusiastic about the economy and corporate governance reform. Weight (%) 4.31 2.45 1.96 1.90 1.49 1.42 1.39 1.27 1.27 1.24 Trailing 1-Year Return (%) 5.79 10.41 38.05 40.95 65.18 37.76 49.25 27.42 48.63 31.79 73