Morningstar Exponential Technologies Moat Focus Index 03/31/2024-This index includes companies in the Morningstar Exponential Technologies Index* with Morningstar Economic Moat Ratings of wide or narrow that are trading at the lowest current price/fair value ratios. Growth of $10K $14K 12 10 8 6 04/2021 Five Cheapest Index Holdings Company Arcadium Lithium ALTM Worldline WLN:FR Albemarle ALB Aptiv APTV Baidu 9888:HK 04/2022 Price $4.31 04/2023 Fair Value Estimate $14.00 EUR 11.48 EUR 28.90 $131.74 $79.65 $275.00 $148.00 HKD 102.70 HKD 180.00 P/FV 03/2024 Morningstar Rating 0.31 QQQQQ 0.40 QQQQQ 0.48 QQQQQ 0.54 QQQQQ 0.57 QQQQQ Moat Narrow Narrow Narrow Narrow Wide Morningstar Global Large Cap $12,567 Morningstar Exponential Tech Moat Focus $10,163 Valuation Overall Index P/FV 1-Year Index Performance Return Standard Deviation Sharpe Ratio Max Drawdown 57 Constituents Top Five Sectors Sector a Technology d Healthcare p Industrials r Basic Materials i Communication Services 0.82 17.54% 22.61% 0.58% -15.56% % 46.4 23.3 7.4 5.7 5.2 Morningstar Global Markets Sustainability Moat Focus Index 03/31/2024-This index targets stocks in the Morningstar Global Markets Index with low or medium ESG risk and Morningstar Economic Moat Ratings of wide or narrow that are trading at the lowest current price/fair value ratios. Growth of $10K $13K 12 11 10 9 8 04/2021 Five Cheapest Index Holdings Company China Education Group 00839:HK Worldline WLN:FR Continental CON:DE Tencent Holdings 00700:HK Adient ADNT 04/2022 Price 04/2023 Fair Value Estimate HKD 4.19 HKD 12.10 EUR 11.48 EUR 28.90 EUR 66.90 EUR 163.00 HKD 303.80 HKD 704.00 $32.92 $71.00 P/FV 03/2024 Morningstar Rating 0.35 QQQQQ 0.40 QQQQQ 0.41 QQQQQ 0.43 QQQQQ 0.46 QQQQQ Moat ratings and fair value estimates are determined through independent research conducted by the Morningstar Equity Research team. *The Morningstar Exponential Technologies Index is designed to deliver unparalleled, thematically pure exposure to a range of key technology themes by drawing on the in-depth knowledge and forward-looking insights of the Morningstar Equity Research team. It targets the stocks of companies well positioned to benefit from innovative technologies with exponential growth potential. Moat Narrow Narrow Narrow Wide Narrow Morningstar Global Large Cap $12,567 Morningstar Global Sustainable Moat Focus $11,455 Valuation Overall Index P/FV 1-Year Index Performance Return Standard Deviation Sharpe Ratio Max Drawdown 299 Constituents Top Five Sectors Sector a Technology y Financial Services t Consumer Cyclical i Communication Services d Healthcare 0.90 15.31% 17.42% 0.59% -13.54% % 18.4 17.7 17.0 13.5 10.8 morningstar.com/products/magazine 67https://www.morningstar.com/stocks/xnys/altm/quote https://www.morningstar.com/stocks/pinx/wwlnf/quote https://www.morningstar.com/stocks/xnys/alb/quote https://www.morningstar.com/stocks/xnys/aptv/quote https://www.morningstar.com/stocks/xhkg/09888/quote https://www.morningstar.com/stocks/xhkg/00839/quote https://www.morningstar.com/stocks/pinx/wwlnf/quote https://www.morningstar.com/stocks/pinx/cttaf/quote https://www.morningstar.com/stocks/xhkg/00700/quote http://www.morningstar.com/products/magazine