Morningstar Exponential Technologies Moat Focus Index 06/30/2024-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 07/2021 07/2022 Five Cheapest Index Holdings Company Arcadium Lithium ALTM Albemarle ALB Worldline WLN:FR Baidu 09888:HK Nexi NEXI:IT Price $3.36 $95.52 EUR 10.12 07/2023 Fair Value Estimate $14.00 $275.00 EUR 28.90 HKD 85.25 HKD 171.00 EUR 5.69 EUR 10.40 P/FV Morningstar Rating 0.24 QQQQQ 0.35 QQQQQ 0.35 QQQQQ 0.50 QQQQQ 0.55 QQQQQ Moat Narrow Narrow Narrow Wide Narrow Morningstar Global Markets Large Cap $12,175 Morningstar Exponential Tech Moat Focus $9,533 Valuation Overall Index P/FV 1-Year Index Performance Return Standard Deviation Sharpe Ratio Max Drawdown 60 Constituents Top Five Sectors Sector a Technology d Healthcare p Industrials i Communication Services u Real Estate 0.80 10.84% 22.13% 0.32% -16.17% % 47.0 23.5 6.9 6.3 5.5 Morningstar Global Markets Sustainability Moat Focus Index 06/30/2024-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 $14K 12 10 8 6 07/2021 07/2022 Five Cheapest Index Holdings Company Swire Properties 01972:HK Continental CON:DE Baidu 09888:HK Swatch Group UHR:CH Edenred EDEN:FR Price 07/2023 Fair Value Estimate HKD 12.44 HKD 28.50 EUR 52.90 EUR 108.00 HKD 85.25 HKD 171.00 CHF 184.05 CHF 368.00 EUR 39.41 EUR 76.00 P/FV Morningstar Rating 0.44 QQQQQ 0.49 QQQQQ 0.50 QQQQQ 0.50 QQQQQ 0.52 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 Wide Narrow Wide Morningstar Global Markets Large Cap $12,175 Morningstar Global Sustainable Moat Focus $10,564 Valuation Overall Index P/FV 1-Year Index Performance Return Standard Deviation Sharpe Ratio Max Drawdown 292 Constituents Top Five Sectors Sector y Financial Services a Technology t Consumer Cyclical i Communication Services d Healthcare 0.87 7.24% 17.27% 0.17% -14.34% % 18.0 16.7 16.0 13.1 12.6 morningstar.com/products/magazine 69https://www.morningstar.com/stocks/xnys/altm/quote https://www.morningstar.com/stocks/xnys/alb/quote https://www.morningstar.com/stocks/xwbo/wln/quote https://www.morningstar.com/stocks/xhkg/09888/quote http://http://NexiNEXI:IT https://www.morningstar.com/stocks/xhkg/01972/quote https://www.morningstar.com/stocks/xdus/con/quote https://www.morningstar.com/stocks/xhkg/09888/quote https://www.morningstar.com/stocks/xswx/uhr/quote https://www.morningstar.com/stocks/xpar/eden/quote http://www.morningstar.com/products/magazine